Individual Separate Account Clients can register here. Mutual Fund Shareholders can login here. All other investors call (800) 551-0224. Having trouble logging in?
To provide capital growth and manage risk for investors planning to retire in or around the year indicated in the fund’s name.
Currently: The portfolio is currently invested in a balanced mix of securities that seeks a more stable rate of long-term growth than that of the broad stock market. The portfolio is diversified primarily among fixed income securities with intermediate to long-term maturities, and various stocks. Stock exposure can range from 24% - 64%.
Over Time: The portfolio’s investment mix will gradually become more conservative as the target date approaches and for several years after the target date. During the target year, the portfolio’s stock exposure can range from 20% - 60%. At five years after the target date and beyond, the focus will be on capital preservation, and stock exposure can range from 15% - 45%.
A target date fund is a single investment portfolio designed to meet an investor’s changing needs over time. The fund gradually shifts from a more aggressive to a more conservative investment objective over the years to reflect an appropriate risk/return trade-off for the investor’s changing time horizon.
Each Manning & Napier Retirement Target CIT Fund is invested in one or two of four proprietary lifestyle funds, the Manning & Napier Pro-Mix® CIT Funds, based on the Retirement Target CIT Fund becoming increasingly conservative over time.
Because the underlying funds invest in both stocks and bonds, the value of your investment will fluctuate in response to stock market movements and changes in interest rates. Investing in target date funds will also involve a number of other risks, including issuer-specific risk, foreign investment risk, and small-cap/mid-cap risk, as the underlying investments change over time. Investments in options and futures, like all derivatives, can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses. Principal value is not guaranteed at any time, including at the target date (the approximate year when an investor plans to stop contributions and start periodic withdrawals).
Manning & Napier Advisors, LLC (Manning & Napier) provides investment advisory services to Exeter Trust Company, Trustee of the Manning & Napier Collective Investment Trust funds. Manning & Napier is headquartered in Rochester, NY and has over 40 years of experience managing life cycle investment objectives. The firm’s active management approach focuses on participating in rising markets and, as important, helping to reduce the risk of large losses in sustained bear market periods. A team of investment analysts and professionals make all investment decisions in an effort to provide investors with strong risk-adjusted returns.
*Includes acquired fund fees and expenses of the underlying collective investment trusts and reflects the Trustee’s contractual agreement to limit fees and voluntary agreement to reimburse certain expenses.
This fund is available only for use within certain qualified employee benefit plans.
The information for Ten Year and U.S. Stock Market Cycle was prepared to reflect the estimated historical performance of the Manning & Napier Retirement Target CIT Class I units. Performance shown was created using historical performance data of the underlying Manning & Napier Pro-Mix® CIT Fund(s) that would have been held according to the Retirement Target CIT Funds’ glide path. This information is for illustrative purposes only. Your investment may fluctuate in value and there is a potential for loss as well as profit.
PERFORMANCE PRIOR TO 06/04/2012 REFLECTS THE PERFORMANCE OF THE MANNING & NAPIER RETIREMENT TARGET 2020 INSTITUTIONAL CIT FUND, WHICH WAS MERGED INTO THE MANNING & NAPIER RETIREMENT TARGET 2020 CIT FUND ON 06/04/2012 TO ESTABLISH THE CLASS I UNITS. PERFORMANCE PRIOR TO AND INCLUDING 05/31/2007 (the Retirement Target 2020 Institutional CIT Fund inception date) is based on the Manning & Napier Pro-Mix® CIT Fund(s) that would have been held in the Retirement Target 2020 CIT Fund based on its increasingly conservative asset allocation. Returns are net of the Retirement Target 2020 CIT Class I expenses. The performance data does not reflect custodial or other administrative costs associated with the plan, if any. The Retirement Target 2020 CIT Fund will gradually become more conservative over time. Performance data quoted represents past performance and does not guarantee future results.
Based on the investments of the underlying fund(s): Manning & Napier Pro-Mix® Extended Term CIT Fund and Manning & Napier Pro-Mix® Moderate Term CIT Fund. Investments will change over time and as the target date fund gradually becomes more conservative. Top Ten Investments list is unaudited and excludes cash.
Each Retirement Target CIT fund seeks to achieve its investment objectives by investing in a combination of other Manning & Napier CIT funds (the “underlying CIT funds”) in order to meet its target asset allocations and investment style. The financial statements of the underlying Pro-Mix® CIT funds should be read in conjunction with the Retirement Target CIT funds’ financial statements.
© 2016 Manning & Napier