Returns Chart

Key Stats

Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.47% 800.22M -- 51.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
-101.77M 5.61% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund seeks to provide long-term total returns by investing at least 80% of its assets in corporate fixed income securities. The Fund is not subject to any maturity or duration restrictions. The Fund will typically invest in investment grade securities, those securities that are rated BBB or above.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Alternative Strategies
Global Peer Group Absolute Return Bond USD
Peer Group Absolute Return Bond Funds
Global Macro Alternative Bond
US Macro Alternative Bond Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Absolute Return Bond Funds
Fund Owner Firm Name Manning & Napier
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 85
-431.13M Peer Group Low
105.35M Peer Group High
1 Year
% Rank: 85
-101.77M
-752.33M Peer Group Low
1.153B Peer Group High
3 Months
% Rank: 78
-641.97M Peer Group Low
193.67M Peer Group High
3 Years
% Rank: 51
-695.30M Peer Group Low
4.527B Peer Group High
6 Months
% Rank: 78
-783.82M Peer Group Low
620.43M Peer Group High
5 Years
% Rank: 45
-2.483B Peer Group Low
5.417B Peer Group High
YTD
% Rank: 85
-748.14M Peer Group Low
1.196B Peer Group High
10 Years
% Rank: 59
-11.18B Peer Group Low
8.757B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
0.40%
5.37%
7.74%
2.81%
-6.42%
6.16%
4.39%
6.02%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
1.25%
7.11%
1.83%
5.66%
6.68%
3.22%
-2.72%
7.39%
5.49%
4.67%
-0.99%
8.38%
3.35%
1.26%
-3.41%
8.31%
7.32%
7.18%
0.97%
6.48%
4.79%
1.05%
-8.18%
7.87%
6.00%
7.72%
2.53%
2.71%
5.89%
7.09%
-7.27%
5.70%
5.93%
8.08%
As of December 05, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 4.94%
30-Day SEC Yield (10-31-25) 4.66%
7-Day SEC Yield --
Number of Holdings 217
Bond
Yield to Maturity (10-31-25) 5.10%
Effective Duration 2.43
Average Coupon 4.68%
Calculated Average Quality 2.444
Effective Maturity 15.90
Nominal Maturity 15.90
Number of Bond Holdings 201
As of October 31, 2025

Asset Allocation

As of October 31, 2025.
Type % Net
Cash 1.50%
Stock 0.00%
Bond 98.49%
Convertible 0.01%
Preferred 0.00%
Other 0.00%
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Top 10 Holdings

Name % Weight Price % Change
United States of America USGB 3.125 11/15/2028 FIX USD Government 10.15% 98.84 -0.10%
United States of America USGB 2.25 11/15/2027 FIX USD Government 9.68% 97.62 -0.06%
United States of America USGB 07/31/2027 FLT USD Government 2.10% -- --
Dreyfus Government Cash Management Institutional 1.68% 1.00 0.00%
Arbor Realty Trust, Inc. ARBREA 5.0 04/30/2026 FIX USD Corporate 144A 1.16% -- --
ALEXANDER FUNDING TRUST II ALEXAFU 7.467 07/31/2028 FIX USD Corporate 144A 1.09% 106.68 -0.05%
BOURZOU ISSUER LLC BOURISS 5.781 11/22/2049 FIX USD Corporate 144A 1.04% 100.70 0.00%
SLM STUDENT LOAN TRUST 127 A3 SEQ FLT 4.83628% 26-MAY-2026
1.02% -- --
MORGAN STANLEY RESIDENTIAL MORTGAGE LOAN TRUST 214 A4 SEQ FIX 2.5% 25-JUL-2051
0.99% -- --
ECMC GROUP STUDENT LOAN TRUST 252 A FLT 26-NOV-2074
0.98% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.30%
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 10.00M None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund seeks to provide long-term total returns by investing at least 80% of its assets in corporate fixed income securities. The Fund is not subject to any maturity or duration restrictions. The Fund will typically invest in investment grade securities, those securities that are rated BBB or above.
General
Security Type Mutual Fund
Broad Asset Class Taxable Bond
Broad Category Alternative Strategies
Global Peer Group Absolute Return Bond USD
Peer Group Absolute Return Bond Funds
Global Macro Alternative Bond
US Macro Alternative Bond Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Absolute Return Bond Funds
Fund Owner Firm Name Manning & Napier
Broad Asset Class Benchmark Index
^BBUSATR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (12-3-25) 4.94%
30-Day SEC Yield (10-31-25) 4.66%
7-Day SEC Yield --
Number of Holdings 217
Bond
Yield to Maturity (10-31-25) 5.10%
Effective Duration 2.43
Average Coupon 4.68%
Calculated Average Quality 2.444
Effective Maturity 15.90
Nominal Maturity 15.90
Number of Bond Holdings 201
As of October 31, 2025

Fund Details

Key Dates
Inception Date 8/1/2013
Last Annual Report Date 12/31/2024
Last Prospectus Date 3/1/2025
Share Classes
EXCPX S
MUBWX Other
Attributes
Index Fund --
Inverse Fund No
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:MNCPX", "name")
Broad Asset Class: =YCI("M:MNCPX", "broad_asset_class")
Broad Category: =YCI("M:MNCPX", "broad_category_group")
Prospectus Objective: =YCI("M:MNCPX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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