Manning & Napier High Yield Bond Series Class I (MNHAX)

8.86
Net Asset Value
+0.68%
1 Day
-7.61%
Year-to-Date
Overall Morningstar Rating
High yield bond
Style or Category
No Load
Sales Expenses
0.88%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks to provide a high level of long-term total return. The fund normally invests at least 80% of its net assets in bonds that are rated below investment grade and other securities, principally exchange-traded funds (ETFs), that are designed to track the performance of non-investment grade securities. These bonds may include fixed income securities issued by U.S. and foreign corporations and governments, including those in emerging markets. The fund may invest a portion of its assets in bank loans, which are, generally, non-investment grade floating rate investments. It is non-diversified.

Performance

1 month-4.26% 3 years--
3 months-4.65% 5 years--
1 year+0.81% Since inception+7.42%
Data through --

Peer Comparisonvs. High yield bond

 MNHAXCategory
Performance 5-yr return--+9.39%
Expense ratio0.88%1.13%
Risk 5 year sharpe ratio1.671.39
Net assets$247.2M$1.5B
Average market cap--$11.0B
Average P/E--18.7
Portfolio turnover93%93%

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Fund Management and Purchase Info

Fund familyManning & Napier
Fund manager & tenureR. Harwood / 5 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income93.87%
Cash6.13%
U.S. stock0.00%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Popular 7%2.02%
-- Pbf Hldg Co Llc / Pbf Fin 8.25%1.93%
-- Alere, Inc., Term B1.59%
-- Crown Castle Operating Co., 1st Lien Term Loan B1.57%
-- Nrg Energy, Inc. Term B1.56%
-- Cogeco Cable 144A 4.875%1.53%
-- Cnh Cap 3.875%1.52%
-- Sirius Xm Radio 144A 4.25%1.50%
-- Sallie Mae 6.125%1.50%
-- Gannett Co 144A 4.875%1.49%

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