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Target 2030 Series   

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Investment Objective

To provide capital growth and manage risk for investors planning to retire (or meet another investment goal) in or around the year indicated in the fund’s name.

Investment Strategy

Currently: The portfolio is currently invested in a growth-oriented mix of stocks, bonds, and cash that seeks to earn a good portion of the long-term growth of the stock market with less volatility. The portfolio is diversified primarily among various stock investments in both domestic and foreign markets. A substantial portion of the portfolio may be invested in long-term, fixed income securities. Stock exposure can range from 49% - 79%.

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%.

May be Appropriate for Investors:

  • Who plan to stop contributions and start periodic withdrawals around the year 2030. Such investors have time to pursue growth and can accept potentially significant fluctuations in current account value
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio that becomes more conservative over time

About Target Date Funds

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.

A Word About Risk

Each Manning & Napier Fund, Inc. Target Series is invested in one or two of four proprietary lifestyle funds, the Manning & Napier Fund, Inc. Pro-Blend® Series, based on the Target Series 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. 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).

Availability

Available in all 50 states.


Fund Facts

Ticker MTPKX
CUSIP 56382P864
Inception Date 03/28/2008
Account Minimum $2,000*
Expense Ratio Before Fee Waiver 1.22%
Expense Ratio After Fee Waiver 1.13%

*May be waived for qualified retirement plans and investors who establish an automatic investment plan.

Includes acquired fund fees, expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee is available as a shareholder servicing fee. Reflects the Advisor’s contractual and/or voluntary agreements to limit its fees and reimburse certain expenses. The voluntary waiver(s) may be changed or discontinued at any time. The contractual waiver(s) may not be amended or terminated prior to the expiration date (02/28/2020) without the approval of the Series’ Board of Directors.

Annualized Performance 1
(as of 03/31/2014)

Year-to-Date (01/01/2014 - 03/31/2014) 2.72%
One Year (04/01/2013 - 03/31/2014) 14.44%
Three Year (04/01/2011 - 03/31/2014) 9.68%
Five Year (04/01/2009 - 03/31/2014) 16.56%
Inception (03/28/2008 - 03/31/2014) 7.10%

Top Ten Investments 2
(as of 03/31/2014)

GOVERNMENT AGENCY 7.89%
HESS CORP 2.63%
E M C CORP MASS 2.17%
JUNIPER NETWORKS INC 1.78%
ALCOA INC 1.72%
DIRECTV GROUP INC 1.68%
NESTLE SA-REGISTERED 1.57%
APPLE COMPUTER INC 1.49%
JOHNSON & JOHNSON 1.38%
ELECTRONIC ARTS 1.33%

1

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.

2

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Maximum Term Series and Manning & Napier Fund, Inc. Pro-Blend® Extended Term Series. Investments will change over time and as the target date fund gradually becomes more conservative. Top Ten Investments list is unaudited and excludes cash.


View data:

Annualized Performance 1
(as of 03/31/2014)

Year-to-Date (01/01/2014 - 03/31/2014) 2.72%
One Year (04/01/2013 - 03/31/2014) 14.44%
Three Year (04/01/2011 - 03/31/2014) 9.68%
Five Year (04/01/2009 - 03/31/2014) 16.56%
Inception (03/28/2008 - 03/31/2014) 7.10%

Daily Price (NAV)
(as of 04/17/2014)

Price / Share $11.34
Change ($) Up 0.02
Change (%) Up 0.18

Expense Ratio

Before Fee Waiver 1.22%
After Fee Waiver 1.13%

Includes acquired fund fees, expenses of the underlying Series, and a 12b-1 fee of 0.25%. Up to 0.25% of the 12b-1 fee is available as a shareholder servicing fee. Reflects the Advisor’s contractual and/or voluntary agreements to limit its fees and reimburse certain expenses. The voluntary waiver(s) may be changed or discontinued at any time. The contractual waiver(s) may not be amended or terminated prior to the expiration date (02/28/2020) without the approval of the Series’ Board of Directors.

1

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate, so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted.


View data:

Top Ten Investments
(as of 03/31/2014)

GOVERNMENT AGENCY 7.89%
HESS CORP 2.63%
E M C CORP MASS 2.17%
JUNIPER NETWORKS INC 1.78%
ALCOA INC 1.72%
DIRECTV GROUP INC 1.68%
NESTLE SA-REGISTERED 1.57%
APPLE COMPUTER INC 1.49%
JOHNSON & JOHNSON 1.38%
ELECTRONIC ARTS 1.33%

Fund Holdings

March Holdings 03/31/2014
February Holdings 02/28/2014
January Holdings 01/31/2014
December Holdings 12/31/2013

Asset Allocation
(as of 03/31/2014)

Stocks 73.18%
Bonds 24.82%
Cash 2.00%

Detailed Asset Class Allocation
(as of 03/31/2014)

Large Capitalization 38.91%
Intermediate Term Fixed Income 21.11%
International Equities 18.72%
Mid Capitalization 13.29%
Long Term Fixed Income 2.49%
Small Capitalization 2.26%
Cash 2.00%
Short Term Fixed Income 1.22%

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Maximum Term Series and Manning & Napier Fund, Inc. Pro-Blend® Extended Term Series. Investments will change over time and as the target date fund gradually becomes more conservative. Top Ten Investments list is unaudited and excludes cash.


 

Itx.MN.Funds.ImportantDocs

Important Documents

Each Target Series seeks to achieve its investment objectives by investing in a combination of other Manning & Napier mutual funds (the "underlying series") in order to meet its target asset allocations and investment style. The financial statements of the underlying Pro-Blend® Series should be read in conjunction with the Series' financial statements.