Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.1%
1 yr return
12.8%
3 Yr Avg Return
5.6%
5 Yr Avg Return
8.4%
Net Assets
$209 M
Holdings in Top 10
31.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 55.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/23/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MDVZX - Profile
Distributions
- YTD Total Return 7.1%
- 3 Yr Annualized Total Return 5.6%
- 5 Yr Annualized Total Return 8.4%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.04%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameDisciplined Value Series
-
Fund Family NameManning & Napier
-
Inception DateMar 04, 2019
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerChristopher Petrosino
Fund Description
The Series will, under normal circumstances, invest at least 80% of its assets in dividend-paying common stocks. The Series principally invests in the common stocks of mid- to large- capitalization companies. The Advisor constructs a portfolio consisting primarily of U.S. companies trading on U.S. stock exchanges that it believes will provide competitive returns consistent with the broad equity market while also providing a level of capital protection during sustained market downturns.
In selecting securities for the Series, the Advisor uses a systematic process to identify stocks of companies that it believes are undervalued in the market, based on factors such as free cash flow generation and earnings power, and that meet other investment criteria relating to minimum dividend yield, dividend sustainability, and financial health.
The Series’ investment strategy may involve allocating large portions of the Series’ portfolio to industry sectors which meet the Advisor’s investment criteria. Although stocks may be added to or removed from the Series’ portfolio at any time during the year, the Advisor expects that modifications to the Series’ portfolio will take place periodically, but at least once a year, during the Advisor’s annual portfolio review and rebalancing.
MDVZX - Performance
Return Ranking - Trailing
Period | MDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | -2.9% | 12.7% | 23.06% |
1 Yr | 12.8% | -8.4% | 34.4% | 72.54% |
3 Yr | 5.6%* | -3.7% | 30.2% | 72.98% |
5 Yr | 8.4%* | -1.4% | 43.5% | 73.48% |
10 Yr | N/A* | 1.2% | 24.6% | 38.59% |
* Annualized
Return Ranking - Calendar
Period | MDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -2.2% | -24.9% | 46.1% | 90.57% |
2022 | -12.7% | -64.7% | 4.6% | 56.30% |
2021 | 13.9% | -44.2% | 57.5% | 61.31% |
2020 | 0.2% | -23.2% | 285.0% | 43.84% |
2019 | N/A | -21.4% | 48.5% | N/A |
Total Return Ranking - Trailing
Period | MDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.1% | -2.9% | 12.7% | 23.06% |
1 Yr | 12.8% | -8.4% | 34.4% | 72.54% |
3 Yr | 5.6%* | -3.7% | 30.2% | 72.98% |
5 Yr | 8.4%* | -1.4% | 43.5% | 73.48% |
10 Yr | N/A* | 1.2% | 24.6% | 36.42% |
* Annualized
Total Return Ranking - Calendar
Period | MDVZX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.8% | -15.9% | 46.7% | 84.49% |
2022 | -4.3% | -42.0% | 8.5% | 37.98% |
2021 | 22.6% | 3.6% | 129.7% | 82.17% |
2020 | 2.6% | -22.6% | 304.8% | 53.72% |
2019 | N/A | -12.7% | 52.1% | N/A |
NAV & Total Return History
MDVZX - Holdings
Concentration Analysis
MDVZX | Category Low | Category High | MDVZX % Rank | |
---|---|---|---|---|
Net Assets | 209 M | 1.09 M | 163 B | 77.26% |
Number of Holdings | 84 | 2 | 1689 | 44.82% |
Net Assets in Top 10 | 67.2 M | 420 K | 33.9 B | 75.28% |
Weighting of Top 10 | 31.82% | 4.8% | 99.9% | 33.39% |
Top 10 Holdings
- JPMorgan Chase Co 4.39%
- Home Depot Inc/The 4.15%
- Broadcom Inc 3.72%
- Merck Co Inc 3.44%
- Johnson Johnson 3.21%
- Exxon Mobil Corp 2.77%
- Comcast Corp 2.58%
- Chevron Corp 2.57%
- Caterpillar Inc 2.50%
- Cisco Systems Inc 2.47%
Asset Allocation
Weighting | Return Low | Return High | MDVZX % Rank | |
---|---|---|---|---|
Stocks | 98.84% | 1.86% | 108.42% | 40.99% |
Cash | 1.16% | -0.79% | 38.18% | 53.70% |
Preferred Stocks | 0.00% | 0.00% | 13.88% | 26.98% |
Other | 0.00% | -3.53% | 39.72% | 45.69% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 23.73% |
Bonds | 0.00% | -0.71% | 73.23% | 26.63% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MDVZX % Rank | |
---|---|---|---|---|
Industrials | 21.93% | 0.00% | 42.76% | 1.05% |
Healthcare | 16.07% | 0.00% | 30.08% | 63.45% |
Consumer Defense | 13.77% | 0.00% | 34.10% | 11.22% |
Technology | 12.50% | 0.00% | 54.02% | 33.74% |
Financial Services | 11.06% | 0.00% | 58.05% | 94.39% |
Consumer Cyclical | 8.63% | 0.00% | 22.74% | 18.14% |
Energy | 7.95% | 0.00% | 54.00% | 47.33% |
Basic Materials | 5.17% | 0.00% | 21.69% | 16.74% |
Communication Services | 2.92% | 0.00% | 26.58% | 83.87% |
Utilities | 0.00% | 0.00% | 27.04% | 90.62% |
Real Estate | 0.00% | 0.00% | 90.54% | 88.26% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MDVZX % Rank | |
---|---|---|---|---|
US | 98.84% | 1.86% | 108.42% | 33.59% |
Non US | 0.00% | 0.00% | 27.89% | 46.04% |
MDVZX - Expenses
Operational Fees
MDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.49% | 0.03% | 14.82% | 88.12% |
Management Fee | 0.30% | 0.00% | 1.50% | 9.05% |
12b-1 Fee | N/A | 0.00% | 1.00% | 21.93% |
Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
MDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
MDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MDVZX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 55.00% | 0.00% | 488.00% | 69.68% |
MDVZX - Distributions
Dividend Yield Analysis
MDVZX | Category Low | Category High | MDVZX % Rank | |
---|---|---|---|---|
Dividend Yield | 2.06% | 0.00% | 37.13% | 10.43% |
Dividend Distribution Analysis
MDVZX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
MDVZX | Category Low | Category High | MDVZX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.04% | -1.51% | 4.28% | 13.68% |
Capital Gain Distribution Analysis
MDVZX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 14, 2024 | $0.044 | OrdinaryDividend |
Dec 13, 2023 | $0.598 | OrdinaryDividend |
Sep 13, 2023 | $0.042 | OrdinaryDividend |
Dec 13, 2022 | $0.756 | OrdinaryDividend |
Sep 14, 2022 | $0.046 | OrdinaryDividend |
Jun 15, 2022 | $0.013 | OrdinaryDividend |
Sep 14, 2021 | $0.014 | OrdinaryDividend |
Jun 15, 2021 | $0.061 | OrdinaryDividend |
Dec 16, 2020 | $0.069 | OrdinaryDividend |
Sep 15, 2020 | $0.023 | OrdinaryDividend |
Jun 16, 2020 | $0.044 | OrdinaryDividend |
Mar 17, 2020 | $0.032 | OrdinaryDividend |
Sep 17, 2019 | $0.034 | OrdinaryDividend |
Jun 18, 2019 | $0.026 | OrdinaryDividend |
Mar 18, 2019 | $0.021 | OrdinaryDividend |
MDVZX - Fund Manager Analysis
Managers
Christopher Petrosino
Start Date
Tenure
Tenure Rank
Nov 07, 2008
13.57
13.6%
Christopher Petrosino is the Managing Director of the Quantitative Strategies Group at Manning & Napier. He is responsible for leading the group’s systematic equity and multi-asset class portfolio management and investment research efforts. Christopher is a key contributor to the firm’s market and economic overviews with a focus on asset allocation and risk management. Christopher joined the firm in 2001. He earned undergraduate degrees in Economics and Statistics from the University of Rochester and a MS in Statistics from the Rochester Institute of Technology. He is also a CFA charterholder.
Alex Gurevich
Start Date
Tenure
Tenure Rank
Mar 12, 2018
4.22
4.2%
Alex Gurevich is a Senior Analyst in the Quantitative Strategies Group at Manning & Napier. He is a member of the management teams responsible for portfolios developed by the Quantitative Strategies Group. As such, he supports Manning & Napier's Disciplined Value and ETF-based products. Alex also contributes to the development of market and economic overviews for the firm. This includes constructing indicators to assess risks and opportunities in various asset classes, as well as providing statistical analysis to support the investment research efforts of the firm. Alex has been with Manning & Napier since 2007. Alex earned his BA in Economics and Political Science from the University of Rochester. He is also CFA charterholder.
Kelly Covley
Start Date
Tenure
Tenure Rank
Mar 01, 2021
1.25
1.3%
Kelly Covley is an analyst in the Quantitative Strategies Group at Manning & Napier. She is a member of the management teams responsible for portfolios developed by the Quantitative Strategies Group. As such, she supports Manning & Napier's Disciplined Value and ETF-based products. Kelly also contributes to the development of market and economic overviews for the firm. This includes constructing indicators to assess risks and opportunities in various asset classes, as well as providing statistical analysis to support the investment research efforts of the firm. Kelly has been with Manning & Napier since 2015. Kelly earned her BA in Economics from Hamilton College. She is both a CFA and a CAIA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.07 | 16.42 |