Manning & Napier Pro-Blend Max Term I
- MNHIX
- Price as of: Jan 15, 2021
-
$10.12
N/A N/A
- Primary Theme
- U.S. Growth Allocation
- Fund Company
- Manning & Napier
- Share Class
MNHIX - Snapshot
Vitals
- YTD Return 1.0%
- 3 Yr Annualized Return 13.7%
- 5 Yr Annualized Return 13.9%
- Net Assets $489 M
- Holdings in Top 10 21.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.89%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 88.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Growth Allocation
- Fund Type Open End Mutual Fund
- Investment Style Allocation--85%+ Equity
MNHIX - Profile
Distributions
- YTD Total Return 1.0%
- 3 Yr Annualized Total Return 13.7%
- 5 Yr Annualized Total Return 13.9%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.51%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameManning & Napier Pro-Blend Maximum Term Series
-
Fund Family NameManning & Napier
-
Inception DateMar 28, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMarc Tommasi
Fund Description
The fund invests primarily in common stocks and in long-term fixed income securities. It may invest in U.S. and foreign stocks, including those in emerging markets, American Depository Receipts (ADRs), and derivatives instruments. The fund may invest in stocks of small-, large-, or mid-size companies. It invests primarily in U.S. Treasury securities, and U.S. and foreign mortgage-backed and asset-backed securities and corporate bonds. The fund invests primarily in fixed income securities with maturities of 7 to 20 years, but may invest in securities of any maturity.
MNHIX - Performance
Return Ranking - Trailing
Period | MNHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -5.4% | 6.0% | 86.06% |
1 Yr | 22.3% | -11.4% | 62.8% | 5.06% |
3 Yr | 13.7%* | -0.5% | 27.7% | 3.85% |
5 Yr | 13.9%* | 5.0% | 24.5% | 1.99% |
10 Yr | 10.2%* | 6.3% | 21.7% | 22.76% |
* Annualized
Return Ranking - Calendar
Period | MNHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 12.2% | -20.4% | 60.4% | 34.62% |
2019 | 12.8% | -13.8% | 32.8% | 79.33% |
2018 | -24.0% | -39.5% | -6.5% | 82.31% |
2017 | 6.9% | -4.9% | 26.4% | 80.74% |
2016 | 0.5% | -15.1% | 16.9% | 73.60% |
Total Return Ranking - Trailing
Period | MNHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 1.0% | -5.4% | 6.0% | 86.06% |
1 Yr | 22.3% | -11.4% | 62.8% | 4.43% |
3 Yr | 13.7%* | -0.5% | 27.7% | 3.85% |
5 Yr | 13.9%* | 4.7% | 24.5% | 1.99% |
10 Yr | 10.2%* | 6.3% | 21.7% | 17.07% |
* Annualized
Total Return Ranking - Calendar
Period | MNHIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 12.2% | -20.4% | 60.4% | 34.62% |
2019 | 12.8% | -13.8% | 32.8% | 79.33% |
2018 | -6.5% | -38.4% | -6.4% | 2.04% |
2017 | 24.7% | 1.3% | 29.9% | 4.44% |
2016 | 4.8% | 0.1% | 19.4% | 72.80% |
NAV & Total Return History
MNHIX - Holdings
Concentration Analysis
MNHIX | Category Low | Category High | MNHIX % Rank | |
---|---|---|---|---|
Net Assets | 489 M | 4.36 M | 127 B | 50.30% |
Number of Holdings | 427 | 4 | 9714 | 10.37% |
Net Assets in Top 10 | 106 M | 3 M | 17.8 B | 75.61% |
Weighting of Top 10 | 21.77% | 16.1% | 100.0% | 94.34% |
Top 10 Holdings
- United States Treasury Notes 1.5% 3.02%
- United States Treasury Notes 2% 2.87%
- PayPal Holdings Inc 2.34%
- ServiceNow Inc 2.26%
- Expedia Group Inc 2.26%
- Microsoft Corp 2.23%
- Micron Technology Inc 2.15%
- Dreyfus Government Cash Mgmt Instl 2.05%
- Mastercard Inc A 1.97%
- Mondelez International Inc Class A 1.94%
Asset Allocation
Weighting | Return Low | Return High | MNHIX % Rank | |
---|---|---|---|---|
Stocks | 90.59% | 37.45% | 100.27% | 68.90% |
Bonds | 7.80% | 0.00% | 75.11% | 14.63% |
Cash | 1.58% | -78.68% | 15.73% | 73.78% |
Convertible Bonds | 0.03% | 0.00% | 6.03% | 38.41% |
Preferred Stocks | 0.00% | 0.00% | 4.77% | 64.02% |
Other | 0.00% | -1.00% | 19.78% | 88.41% |
Stock Sector Breakdown
Weighting | Return Low | Return High | MNHIX % Rank | |
---|---|---|---|---|
Financial Services | 16.61% | 6.23% | 38.38% | 16.46% |
Consumer Defense | 13.99% | 1.55% | 23.53% | 2.44% |
Healthcare | 12.86% | 4.49% | 18.54% | 77.44% |
Consumer Cyclical | 12.75% | 0.00% | 26.19% | 32.93% |
Communication Services | 12.65% | 2.26% | 15.90% | 3.05% |
Technology | 9.56% | 3.19% | 27.66% | 97.56% |
Energy | 8.08% | 0.00% | 16.19% | 3.05% |
Industrials | 5.74% | 3.69% | 19.50% | 95.73% |
Real Estate | 4.72% | 0.00% | 25.77% | 23.17% |
Basic Materials | 3.05% | 0.00% | 5.64% | 75.61% |
Utilities | 0.00% | 0.00% | 13.39% | 92.68% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | MNHIX % Rank | |
---|---|---|---|---|
US | 68.67% | 23.86% | 99.34% | 33.54% |
Non US | 21.92% | 0.93% | 41.30% | 72.56% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MNHIX % Rank | |
---|---|---|---|---|
Government | 44.41% | 0.00% | 48.95% | 1.22% |
Corporate | 33.10% | 0.00% | 91.29% | 26.22% |
Cash & Equivalents | 20.74% | 2.68% | 100.00% | 84.15% |
Securitized | 1.49% | 0.00% | 27.72% | 34.76% |
Municipal | 0.27% | 0.00% | 6.87% | 12.80% |
Derivative | 0.00% | 0.00% | 90.83% | 60.37% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MNHIX % Rank | |
---|---|---|---|---|
US | 7.24% | -5.66% | 56.48% | 10.37% |
Non US | 0.56% | -9.14% | 18.63% | 32.93% |
MNHIX - Expenses
Operational Fees
MNHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.89% | 0.10% | 2.61% | 42.28% |
Management Fee | 0.60% | 0.00% | 1.00% | 78.18% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.31% | 0.55% |
Sales Fees
MNHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
MNHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
MNHIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 88.00% | 0.00% | 368.00% | 91.56% |
MNHIX - Distributions
Dividend Yield Analysis
MNHIX | Category Low | Category High | MNHIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 6.22% | 24.24% |
Dividend Distribution Analysis
MNHIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
MNHIX | Category Low | Category High | MNHIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.51% | -1.82% | 6.65% | 78.85% |
Capital Gain Distribution Analysis
MNHIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Jun 18, 2018 | $0.048 |
Jun 18, 2013 | $0.043 |
Jun 15, 2012 | $0.044 |
Dec 15, 2011 | $0.066 |
Jun 15, 2011 | $0.056 |
Dec 15, 2010 | $0.064 |
Jun 15, 2010 | $0.040 |
Dec 15, 2009 | $0.051 |
Jun 16, 2009 | $0.029 |
Dec 16, 2008 | $0.129 |
Jun 17, 2008 | $0.039 |
MNHIX - Fund Manager Analysis
Managers
Marc Tommasi
Start Date
Tenure
Tenure Rank
Nov 01, 1995
25.18
25.2%
"Marc Tommasi is the Chief Investment Strategist, Head of the Non-U.S. Equity Core Team, and member of both the Global Core and the U.S. Equity Core Teams at Manning & Napier. As Chief Investment Strategist, Marc oversees the coordination of the firm's overview among the various groups involved in top-down research. Specifically, he is responsible for the macro overviews of all countries we may invest in.
Christian Andreach
Start Date
Tenure
Tenure Rank
Oct 18, 2002
18.22
18.2%
Christian Andreach, CFA, a Co-Head of Global Equities, Senior Analyst/Managing Director of Consumer Group, Head of U.S. Equity Core Team at Manning & Napier. He has been a senior Analyst since joined the firm in 1999. Managing Director since 2002. Co-Head of Global Equities since 2010. Head of U.S. Equity Core Team since 2015. Member of the Senior Research Group and Global Core Team since 2002. Member of the Series' Portfolio Management Team since 2008. In addition, Christian is a member of the Senior Research Group. Previously, he worked as a Financial Analyst for The Procter & Gamble.
Ebrahim Busheri
Start Date
Tenure
Tenure Rank
Jan 01, 2012
9.01
9.0%
Ebrahim Busheri is the Director of Investments at Manning & Napier. Over his firm tenure, spanning from 1988 to 2001 and again from 2011 through present day, Ebrahim has held positions as Head of Emerging Growth Group; Head of Technology Group; Head of Consumer Group; and Director of Research. During his hiatus from Manning & Napier he worked as the Director of Investments at W.P. Stewart and as a Consultant for Heritage Capital. Ebrahim earned his BA in Accounting and Economics from Muskingum College and his MBA in Finance from the University of Rochester. He is a CFA charterholder.
Marc Bushallow
Start Date
Tenure
Tenure Rank
Apr 07, 2015
5.74
5.7%
Marc Bushallow is the Managing Director of Fixed Income at Manning & Napier. Prior to becoming Managing Director, Marc was a Senior Analyst in the Fixed Income Group, concentrating on analysis of below investment-grade corporate bonds. He also spent some time at the firm as an Assistant performing quantitative and macroeconomic research. Today, Marc works on economic overviews and the top-down positioning of the firm’s fixed income portfolios. He oversees the firm’s high-yield, nontraditional, and core fixed income strategies. Marc joined Manning & Napier in 1999 and left to pursue a master’s degree in 2002, returning to the firm in 2008. Before returning to Manning & Napier, Marc spent four years at Barclays Capital, gaining sell-side experience requiring the evaluation and recommendation of high-yield credit, including both cash and derivative products. He acquired and applied detailed understanding of new issue syndication, trading, bond structure and covenants, etc. During that time, Marc and his team were two-time runnerups in the Institutional Investor All-Europe Fixed-Income Research Team poll for High-Yield Consumer Products. Marc earned his BA in Economics from the State University of New York at Geneseo and his MSc in Economics from the London School of Economics & Political Science. He is also a CFA charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.06 | 25.18 | 7.05 | 0.5 |