Strategic Income Conservative   


Investment Objective

The primary objective of this portfolio is to generate income within a generally conservative risk profile by investing in a diversified portfolio of fixed income securities and dividend-paying equity securities. The secondary objective is to focus on long-term growth of capital.

The investment minimum for Strategic Income Conservative portfolios is $2 million.

Investment Team

The portfolio is managed by a team of research professionals who average more than years with the firm.

Investment Process

The Strategic Income strategy combines both qualitative and quantitative investment processes, with top-down active asset allocation.

Using a variety of economic, valuation, and sentiment indicators, Manning & Napier first makes a strategic asset allocation decision based on the current market and economic environment. Following this, input from various groups within our Research department is used to determine the appropriate allocation across our equity and fixed income-oriented strategies.

Holdings are diversified among securities with a concentration on income. Stock exposure is focused on real estate securities (such as real estate investment trusts) as well as dividend-paying companies and can range from 15% - 45%. Bond exposure can range from 55% - 85%, and focuses on various fixed income sectors, including investment-grade as well as below investment-grade corporate and high yield bonds; it may also include government bonds.

This process results in a globally diversified, multi-asset class portfolio with an emphasis on income generation.


15% - 45% Equities

The portfolio will include a mix of stocks and bonds, with a focus on income generating securities.

Annualized Performance 1
(as of 06/30/2016)

One Year (07/01/2015 - 06/30/2016) 5.05%
Inception (05/01/2012 - 06/30/2016) 4.77%


The Manning & Napier Strategic Income Conservative Composite is a weighted average of discretionary separately managed and proprietary mutual fund accounts with a Strategic Income Conservative objective. Accounts in this composite must have a market value greater than $1.5 million and tenure of at least one month under our management. Strategic Income Conservative is a blended investment objective that invests in equities, primarily in the U.S. with some non-U.S., securities of companies that are principally engaged in the U.S. real estate industry, and fixed income securities, primarily investment-grade with some below investment-grade. The primary investment objective of accounts in this composite is to manage against capital risk by reducing year-to-year volatility. The secondary objectives are to generate income and the pursuit of capital growth, when valuations in the stock market are favorable. Equity exposure for accounts in this composite typically ranges from 15% to 45% with situational adjustments within this range at our discretion. Net-of-fee returns are calculated based off of the effective fees of the accounts in the composite. They are after brokerage commissions, reinvested income, and advisory fees, but if applicable, before custodian costs and the fees of the investor’s Personal Financial Advisor. Also, accounts subject to solicitation fees may incur as much as 0.15% in additional expenses. Fees will vary with size and circumstances and these fee differentials would impact returns accordingly. Past performance does not guarantee future results. This composite includes separately managed accounts that may have a portion of their assets invested in proprietary asset class mutual funds. As of this composite was comprised of accounts totaling over All data are subject to revision.

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