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

8.97
Net Asset Value
0.00%
1 Day
0.00%
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+0.22% 3 years--
3 months-2.71% 5 years--
1 year+1.59% Since inception+6.34%
Data through --

Peer Comparisonvs. High yield bond

 MNHAXCategory
Performance 5-yr return--+7.86%
Expense ratio0.88%1.12%
Risk 5 year sharpe ratio1.501.24
Net assets$244.2M$1.4B
Average market cap$9.9B$12.8B
Average P/E19.620.2
Portfolio turnover93%93%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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 income95.25%
Cash4.98%
U.S. stock0.05%
Other0.02%
International stock0.01%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- Altice Financing S.A. 144A 6.5%1.99%
-- Sallie Mae 6.125%1.97%
-- Pbf Hldg Co Llc / Pbf Fin 8.25%1.90%
-- Sabine Pass Liquefaction 5.625%1.67%
-- Valeant Pharmaceuticals International, Inc., Term Loan D21.62%
-- Alere, Inc., Term B1.62%
-- Crown Castle Operating Co., 1st Lien Term Loan B1.59%
-- Nrg Energy, Inc. Term B1.59%
-- Cogeco Cable 144A 4.875%1.57%
-- Drawbridge Spl Opportunities 144A 5%1.52%

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2015 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2015. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.