Investment Objective

To provide current income and income growth, with a secondary objective of providing long-term capital appreciation.

Investment Strategy

Under normal circumstances, at least 80% of the portfolio will be invested in equity securities, primarily income-producing equity securities. Holdings may consist of U.S. and non-U.S. securities, including those in emerging markets. The Series may be invested in securities of small, large, or mid-size companies.

A “bottom-up” investment strategy focusing on individual security selection is used to identify companies that have the potential to provide a growing level of dividend income going forward, that are trading at a meaningful discount from their intrinsic value, and/or that are expected to be beneficiaries of special situations.

May be Appropriate for Investors

  • Who have a focus on income generation
  • Who generally have the time to withstand market volatility

    Daily Price

    $11.75

    Daily $ Change

    -$0.01

    Daily % Change

    -0.09%

    as of 03/25/2019

    Ticker

    MNEZX

    CUSIP

    56382R266

    Inception Date

    03/01/2019

    Investment Minimum

    $1,000,000.00

    *May be waived for certain qualified retirement plans that are not discretionary investment clients of the Advisor.

    Important Documents

    Summary Prospectus
    Prospectus
    Statement of Additional Information
    Annual Report
    Semi-Annual Report
    Fact Sheet
    Applications & Forms

    Performance

    There is no data available at this time.

    Inception performance is based on the Equity Income Series Class I inception of 12/31/2013. For periods through 03/01/2019 (the inception date of the Class Z shares), performance for the Class Z shares is based on the historical performance of the Class I shares. Because the Class Z shares invest in the same portfolio of securities as the Class I shares, performance will be different only to the extent that the Class I shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. 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; investors can obtain the most recent month-end performance at www.manning-napier.com or by calling (800) 466-3863.

    Expense Ratio

    Gross 0.69%
    Net 0.57%*

    *Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses, where applicable. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors. Class Z shares do not make payments to financial intermediaries.

    Top Ten Investments

    There is no data available at this time.

    }

    Sector Allocation

    There is no data available at this time.

    Country Allocation

    There is no data available at this time.

    Fund Holdings

    There is no data available at this time.

    Distributions

    • Equity Income Series Class Z Distribution History
    • 2019 Distribution Calendar
    • First Quarter 2019 Distributions
    • Fourth Quarter 2018 Distributions
    • Third Quarter 2018 Distributions
    • Second Quarter 2018 Distributions
    • Tax Letter

    A Word About Risk

    All investments involve risks, including possible loss of principal. As with any stock fund, the value of your investment will fluctuate in response to stock market movements. Investing in the Series will also involve a number of other risks, including issuer-specific risk, small-cap/mid-cap risk, foreign investment risk, and the risk that the investment approach may not be successful. Additionally, like all derivatives, investments in options 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. Stocks of small- and mid-cap companies may be subject to more abrupt or erratic market movements than the stocks of larger companies and may be less marketable than the stocks of larger companies. In addition, they may have limited product lines, markets, or financial resources, and they may depend on a small management group. As a result, they fail more often than larger companies. Funds that invest in foreign countries may be subject to the risks of adverse changes in foreign economic, political, regulatory and other conditions as well as risks related to the use of different financial standards. Investments in emerging markets may be more volatile than investments in more developed markets. The Equity Income Series invests primarily in income-producing equity securities. There is no assurance or guarantee that companies which issue dividends will declare, continue to pay, or increase dividends. Additionally, the Series may invest a portion of its assets in real estate investment trusts (REITs). Investments in real estate, including REITs, are subject to risks associated with the direct ownership of real estate: interest rate risk, liquidity risk, and changes in property value, among others. The Equity Income Series may also invest a portion of its assets in business development companies (BDCs) or master limited partnerships (MLPs). BDCs are subject to additional risks, as they generally invest in less mature private companies or thinly traded U.S. public companies which involve greater risk than well-established publicly-traded companies. MLPs are subject to additional risks, including risks associated with the specific industry or industries in which the partnership invests, such as the risks of investing in real estate, or oil and gas industries or other natural resources. To the extent that an MLP’s interests are all in a particular industry, the MLP will be negatively impacted by economic events adversely impacting that industry. Additionally, the potential tax benefits from investing in MLPs depend on their continued treatment as partnerships for federal income tax purposes.

    Daily Price

    $11.75

    Daily $ Change

    -$0.01

    Daily % Change

    -0.09%

    as of 03/25/2019

    Ticker

    MNEZX

    CUSIP

    56382R266

    Inception Date

    03/01/2019

    Investment Minimum

    $1,000,000.00

    *May be waived for certain qualified retirement plans that are not discretionary investment clients of the Advisor.

    Important Documents

    Summary Prospectus
    Prospectus
    Statement of Additional Information
    Annual Report
    Semi-Annual Report
    Fact Sheet
    Applications & Forms

    Investment Objective

    To provide current income and income growth, with a secondary objective of providing long-term capital appreciation.

    Investment Strategy

    Under normal circumstances, at least 80% of the portfolio will be invested in equity securities, primarily income-producing equity securities. Holdings may consist of U.S. and non-U.S. securities, including those in emerging markets. The Series may be invested in securities of small, large, or mid-size companies.

    A “bottom-up” investment strategy focusing on individual security selection is used to identify companies that have the potential to provide a growing level of dividend income going forward, that are trading at a meaningful discount from their intrinsic value, and/or that are expected to be beneficiaries of special situations.

    May be Appropriate for Investors

    • Who have a focus on income generation
    • Who generally have the time to withstand market volatility

      Performance

      There is no data available at this time.

      Inception performance is based on the Equity Income Series Class I inception of 12/31/2013. For periods through 03/01/2019 (the inception date of the Class Z shares), performance for the Class Z shares is based on the historical performance of the Class I shares. Because the Class Z shares invest in the same portfolio of securities as the Class I shares, performance will be different only to the extent that the Class I shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. 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; investors can obtain the most recent month-end performance at www.manning-napier.com or by calling (800) 466-3863.

      Expense Ratio

      Gross 0.69%
      Net 0.57%*

      *Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses, where applicable. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors. Class Z shares do not make payments to financial intermediaries.

      Top Ten Investments

      There is no data available at this time.

      Sector Allocation

      There is no data available at this time.

      Country Allocation

      There is no data available at this time.

      Fund Holdings

      There is no data available at this time.

      Distributions

      • Equity Income Series Class Z Distribution History
      • 2019 Distribution Calendar
      • First Quarter 2019 Distributions
      • Fourth Quarter 2018 Distributions
      • Third Quarter 2018 Distributions
      • Second Quarter 2018 Distributions
      • Tax Letter

      A Word About Risk

      All investments involve risks, including possible loss of principal. As with any stock fund, the value of your investment will fluctuate in response to stock market movements. Investing in the Series will also involve a number of other risks, including issuer-specific risk, small-cap/mid-cap risk, foreign investment risk, and the risk that the investment approach may not be successful. Additionally, like all derivatives, investments in options 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. Stocks of small- and mid-cap companies may be subject to more abrupt or erratic market movements than the stocks of larger companies and may be less marketable than the stocks of larger companies. In addition, they may have limited product lines, markets, or financial resources, and they may depend on a small management group. As a result, they fail more often than larger companies. Funds that invest in foreign countries may be subject to the risks of adverse changes in foreign economic, political, regulatory and other conditions as well as risks related to the use of different financial standards. Investments in emerging markets may be more volatile than investments in more developed markets. The Equity Income Series invests primarily in income-producing equity securities. There is no assurance or guarantee that companies which issue dividends will declare, continue to pay, or increase dividends. Additionally, the Series may invest a portion of its assets in real estate investment trusts (REITs). Investments in real estate, including REITs, are subject to risks associated with the direct ownership of real estate: interest rate risk, liquidity risk, and changes in property value, among others. The Equity Income Series may also invest a portion of its assets in business development companies (BDCs) or master limited partnerships (MLPs). BDCs are subject to additional risks, as they generally invest in less mature private companies or thinly traded U.S. public companies which involve greater risk than well-established publicly-traded companies. MLPs are subject to additional risks, including risks associated with the specific industry or industries in which the partnership invests, such as the risks of investing in real estate, or oil and gas industries or other natural resources. To the extent that an MLP’s interests are all in a particular industry, the MLP will be negatively impacted by economic events adversely impacting that industry. Additionally, the potential tax benefits from investing in MLPs depend on their continued treatment as partnerships for federal income tax purposes.


      Loading...