MTDRX: Manning & Napier Target Income R

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MTDRX Manning & Napier Target Income R


Profile

MTDRX - Profile

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return 1.4%
  • Net Assets $79.4 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$10.60
$9.73
$10.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.79%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Target-Date Retirement

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 4.5%
  • 5 Yr Annualized Total Return 3.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Manning & Napier Target Income Series Fund
  • Fund Family Name
    Manning & Napier
  • Inception Date
    Mar 28, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Christian Andreach

Fund Description

The fund invests in the Manning & Napier Blended Asset Conservative Series, and is currently 100% invested in the Blended Asset Conservative Series. The Series invests primarily in fixed income securities, including U.S. Treasury securities, and U.S. and foreign mortgage-backed and asset-backed securities and corporate bonds. It invests primarily in investment grade fixed income securities with short- to intermediate-term maturities of 3 to 5 years but may also invest in longer term securities and junk bonds.


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Categories

Performance

MTDRX - Performance

Return Ranking - Trailing

Period MTDRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% 0.0% 3.7% 44.69%
1 Yr 9.1% -9.8% 14.8% 42.58%
3 Yr 4.2%* -4.5% 8.8% 35.28%
5 Yr 1.4%* -3.0% 6.0% 49.48%
10 Yr 0.5%* -5.8% 7.9% 83.74%

* Annualized

Return Ranking - Calendar

Period MTDRX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -11.2% 22.9% 60.74%
2018 -4.5% -19.1% 0.0% 1.36%
2017 7.6% -12.3% 20.9% 61.33%
2016 2.6% -4.2% 7.5% 77.61%
2015 -8.9% -13.0% 0.0% 93.72%

Total Return Ranking - Trailing

Period MTDRX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% 0.0% 3.7% 44.69%
1 Yr 9.1% -9.8% 14.8% 42.58%
3 Yr 4.5%* -4.2% 10.8% 52.69%
5 Yr 3.0%* -3.0% 8.5% 61.43%
10 Yr 4.7%* -4.0% 10.4% 59.17%

* Annualized

Total Return Ranking - Calendar

Period MTDRX Return Category Return Low Category Return High Rank in Category (%)
2019 10.9% -11.2% 22.9% 61.23%
2018 -4.3% -19.1% 0.0% 17.55%
2017 8.3% -12.3% 24.1% 74.60%
2016 3.9% 0.0% 9.8% 72.64%
2015 -3.4% -9.4% 0.7% 63.45%

NAV & Total Return History


Holdings

MTDRX - Holdings

Concentration Analysis

MTDRX Category Low Category High MTDRX % Rank
Net Assets 79.4 M 42 K 46.9 B 55.25%
Number of Holdings 2 1 588 98.62%
Net Assets in Top 10 79.5 M 0 46.9 B 53.98%
Weighting of Top 10 N/A 0.0% 100.0% 4.45%

Top 10 Holdings

  1. Manning & Napier Blended Asset Cnsv R6 100.06%

Asset Allocation

Weighting Return Low Return High MTDRX % Rank
Bonds
64.31% -40.53% 79.28% 10.15%
Stocks
28.34% 0.00% 111.44% 83.51%
Cash
7.36% -85.78% 112.41% 23.99%
Preferred Stocks
0.00% 0.00% 7.46% 85.01%
Other
0.00% -0.27% 100.06% 87.66%
Convertible Bonds
0.00% 0.00% 1.36% 92.96%

Stock Sector Breakdown

Weighting Return Low Return High MTDRX % Rank
Healthcare
18.73% 1.62% 18.73% 0.12%
Financial Services
15.42% 3.32% 23.02% 57.21%
Technology
11.98% 2.95% 20.65% 88.72%
Consumer Defense
11.66% 1.02% 14.47% 2.56%
Communication Services
11.08% 0.21% 11.08% 0.12%
Real Estate
9.29% 0.43% 46.10% 10.70%
Industrials
7.83% 1.62% 16.11% 96.16%
Consumer Cyclical
7.72% 1.88% 12.42% 86.40%
Energy
5.13% 0.59% 15.76% 43.72%
Basic Materials
1.17% 0.76% 7.66% 98.49%
Utilities
0.00% 0.00% 13.14% 99.77%

Stock Geographic Breakdown

Weighting Return Low Return High MTDRX % Rank
US
22.16% 0.00% 64.14% 72.09%
Non US
6.18% 0.00% 47.30% 98.62%

Bond Sector Breakdown

Weighting Return Low Return High MTDRX % Rank
Securitized
34.99% 0.00% 45.77% 3.25%
Government
32.59% 0.00% 99.40% 77.93%
Corporate
22.08% 0.00% 51.51% 33.57%
Cash & Equivalents
10.35% 0.60% 112.41% 75.03%
Derivative
0.00% -82.56% 32.16% 74.91%
Municipal
0.00% 0.00% 27.51% 88.27%

Bond Geographic Breakdown

Weighting Return Low Return High MTDRX % Rank
US
60.97% -52.61% 74.67% 4.96%
Non US
3.34% -3.49% 24.72% 61.59%

Expenses

MTDRX - Expenses

Operational Fees

MTDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.79% 0.00% 49.96% 38.84%
Management Fee 0.00% 0.00% 0.77% 26.10%
12b-1 Fee 0.50% 0.00% 1.00% 62.66%
Administrative Fee N/A 0.01% 0.40% 3.21%

Sales Fees

MTDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

MTDRX 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.

MTDRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 207.00% 40.34%

Distributions

MTDRX - Distributions

Dividend Yield Analysis

MTDRX Category Low Category High MTDRX % Rank
Dividend Yield 0.00% 0.00% 2.61% 61.94%

Dividend Distribution Analysis

MTDRX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Quarterly

Net Income Ratio Analysis

MTDRX Category Low Category High MTDRX % Rank
Net Income Ratio 1.58% -0.45% 4.93% 70.62%

Capital Gain Distribution Analysis

MTDRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MTDRX - Fund Manager Analysis

Managers

Christian Andreach


Start Date

Tenure

Tenure Rank

Mar 28, 2008

11.85

11.9%

Christian Andreach is a Co-Head of Global Equities and the Managing Director of the Consumer Group at Manning & Napier. In this capacity, Christian is responsible for analytical coverage of stocks within the Consumer sector. In addition, Christian is a member of the Senior Research Group. Prior to joining Manning & Napier in 1999, he worked as a Financial Analyst for The Procter & Gamble Company. Christian earned his BBA in Finance and Economics from St. Bonaventure University and his MBA from the University of Rochester. He is also a CFA® charterholder.

Marc Tommasi


Start Date

Tenure

Tenure Rank

Mar 28, 2008

11.85

11.9%

Marc Tommasi is the Head of Global Investment Strategy and the Managing Director of the Global Strategies Group at Manning & Napier. In this capacity, Marc is responsible for macroeconomic overviews by country on a global basis. In addition, Marc is a member of the Senior Research Group and has over 25 years of experience at Manning & Napier. Marc earned his BA in Economics and Political Science from the University of Rochester.

Ebrahim Busheri


Start Date

Tenure

Tenure Rank

Jan 01, 2012

8.09

8.1%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 17.35 4.52 0.08