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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 invested in a conservative mix of stocks, bonds, and cash that seeks preservation of capital, with income and long-term capital growth as secondary objectives. The portfolio is diversified primarily among fixed income securities, typically focusing on short to intermediate-term maturities. A position in various stock investments, which may be focused on dividend paying stocks, adds potential for growth opportunities and income generation. For the most part, this approach favors stability over growth. Stock exposure can range from 15% - 45%.

May be Appropriate for Investors:

  • Who have reached their target date or are already in retirement and seek to minimize declines in account value with potential for modest capital growth and income generation
  • Who have a future target date and want to assume a minimal amount of capital risk through limited stock exposure
  • Who prefer to take advantage of professional management through a single, diversified investment portfolio

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 MTDKX
CUSIP 56382P807
Inception Date 03/28/2008
Account Minimum $2,000*
Expense Ratio Before Fee Waiver 1.18%
Expense Ratio After Fee Waiver 0.98%

*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) 2.01%
One Year (04/01/2013 - 03/31/2014) 6.03%
Three Year (04/01/2011 - 03/31/2014) 6.28%
Five Year (04/01/2009 - 03/31/2014) 8.65%
Inception (03/28/2008 - 03/31/2014) 5.92%

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

GOVERNMENT AGENCY 20.57%
TREASURY NOTES 1.32%
HESS CORP 1.26%
E M C CORP MASS 1.09%
JOHNSON & JOHNSON 1.08%
JUNIPER NETWORKS INC 0.94%
APPLE COMPUTER INC 0.85%
GENWORTH FINANCIAL INC 7.62500 09/24/2021 0.83%
DIRECTV GROUP INC 0.76%
ALCOA INC 0.75%

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® Conservative Term Series. Investments will change over time. 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) 2.01%
One Year (04/01/2013 - 03/31/2014) 6.03%
Three Year (04/01/2011 - 03/31/2014) 6.28%
Five Year (04/01/2009 - 03/31/2014) 8.65%
Inception (03/28/2008 - 03/31/2014) 5.92%

Daily Price (NAV)
(as of 04/22/2014)

Price / Share $10.72
Change ($) Up 0.01
Change (%) Up 0.09

Expense Ratio

Before Fee Waiver 1.18%
After Fee Waiver 0.98%

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 20.57%
TREASURY NOTES 1.32%
HESS CORP 1.26%
E M C CORP MASS 1.09%
JOHNSON & JOHNSON 1.08%
JUNIPER NETWORKS INC 0.94%
APPLE COMPUTER INC 0.85%
GENWORTH FINANCIAL INC 7.62500 09/24/2021 0.83%
DIRECTV GROUP INC 0.76%
ALCOA INC 0.75%

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)

Bonds 60.75%
Stocks 36.69%
Cash 2.56%

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

Intermediate Term Fixed Income 49.26%
Large Capitalization 23.09%
International Equities 7.53%
Short Term Fixed Income 7.25%
Mid Capitalization 5.25%
Long Term Fixed Income 4.24%
Cash 2.56%
Small Capitalization 0.82%

Based on the investments of the underlying fund(s): Manning & Napier Fund, Inc. Pro-Blend® Conservative Term Series. Investments will change over time. 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.