Mutual Fund

Equity Series

Investment Objective

To provide long-term growth of capital by investing primarily in common stocks of U.S. issuers.

Investment Strategy

The Series primarily invests in common stocks. It may invest in large, mid, and small size companies within the U.S.

May be Appropriate for Investors

  • Seeking high rates of return typically associated with the stock market over time
  • Willing to accept the higher level of short-term volatility associated with the stock market

Daily Price

$12.85

Daily $ Change

-$0.14

Daily % Change

-1.09%

as of 06/07/2023

Ticker

EXEYX

CUSIP

563821602

Inception Date

05/01/1998

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Applications & Forms
Fact Sheet
N-Port Part F Reports

Performance

As of 05/31/2023

YTD

9.69%

1 Year

4.03%

3 Year

10.42%

5 Year

11.03%

10 Year

11.40%

Inception
(05/01/1998)

8.90%

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.

Prior to 07/10/2002, all performance figures reflect the performance of the Exeter Trust Company Group Trust for Employee Benefit Plans: All-Equity Collective Investment Trust fund (the “Collective”), which was managed by Manning & Napier Advisors, Inc. (predecessor to Manning & Napier Advisors, LLC), an affiliate of the distributor, and reorganized into the Manning & Napier Fund, Inc. Equity Series on 07/10/2002. The Collective was not open to the public generally or registered under the Investment Company Act of 1940 and the fees of the Collective were lower than the Series’ fees. Therefore, historical performance of the Collective would have been lower if the Collective had been subject to the same fees as the Series.

Expense Ratio

Gross 1.31%
Net 1.05%*

*Includes a shareholder servicing fee of 0.25%. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 05/31/2023

AMAZON.COM INC 4.56%
META PLATFORMS INC 3.73%
MICROSOFT CORP 3.62%
MICRON TECHNOLOGY INC 3.52%
MASTERCARD INC-CLASS A 3.52%
SERVICENOW INC 3.08%
ALPHABET INC-CL A 3.04%
ELECTRONIC ARTS 2.95%
COCA COLA CO/THE 2.94%
JOHNSON & JOHNSON 2.91%

Top Ten Investments list is unaudited and excludes cash

Sector Allocation

As of 05/31/2023

Communication Services
9.72%
Consumer Discretionary
5.92%
Consumer Staples
9.40%
Financials
19.79%
Health Care
15.80%
Industrials
10.91%
Information Technology
21.52%
Materials
2.73%
Real Estate
2.75%
Utilities
1.46%

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor’s, a division of S&P Global Inc. (S&P), and is licensed for use by Manning & Napier when referencing GICS sectors. Neither MSCI, S&P, nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification, nor shall any such party have any liability therefrom.

Security Description Country Ticker Shares/Par Market Value (USD)
ADVANCED MICRO DEVICES INC US AMD 10,990 $1,299,127.90
ALPHABET INC-CL A US GOOGL 14,958 $1,837,889.46
AMAZON.COM INC US AMZN 22,835 $2,753,444.30
APPLIED MATERIALS INC US AMAT 11,224 $1,496,159.20
BIOMARIN PHARMACEUTICAL INC US BMRN 13,349 $1,160,562.06
BLACKROCK INC US BLK 873 $574,041.15
BOSTON SCIENTIFIC CORP US BSX 20,430 $1,051,736.40
CBOE GLOBAL MARKETS INC US CBOE 11,571 $1,532,231.82
COCA COLA CO/THE US KO 29,710 $1,772,498.60
CONSTELLATION BRANDS INC-A US STZ 5,317 $1,291,871.49
COPART INC US CPRT 6,402 $560,751.18
CSX CORP US CSX 16,167 $495,841.89
CVS HEALTH CORP US CVS 7,108 $483,557.24
DOLLAR GENERAL CORP US DG 4,330 $870,719.70
DOLLAR TREE STORES INC US DLTR 4,109 $554,221.92
DOMINO'S PIZZA US DPZ 1,479 $428,688.15
DREYFUS GVT CSH MANAGEMENT US 3,520,166.24 $3,520,166.24
ELECTRONIC ARTS US EA 13,910 $1,780,480.00
EQUINIX INC US EQIX 1,336 $996,054.80
EVERGY INC US EVRG 15,231 $881,113.35
FMC CORP US FMC 13,522 $1,407,369.76
HUMANA INC US HUM 918 $460,716.66
IDEXX LABORATORIES INC US IDXX 2,285 $1,061,999.45
INSPERITY INC US NSP 5,396 $597,445.12
INTERCONTINENTALEXCHANGE INC US ICE 14,710 $1,558,524.50
INTUIT INC US INTU 2,302 $964,814.24
INTUITIVE SURGICAL INC US ISRG 3,185 $980,470.40
JOHNSON & JOHNSON US JNJ 11,348 $1,759,620.88
JP MORGAN CHASE & CO US JPM 4,532 $615,037.72
L3HARRIS TECHNOLOGIES INC US LHX 8,423 $1,481,774.16
MASCO CORP US MAS 26,055 $1,258,977.60
MASTERCARD INC-CLASS A US MA 5,823 $2,125,511.46
META PLATFORMS INC US META 8,505 $2,251,443.60
MICRON TECHNOLOGY INC US MU 31,184 $2,126,748.80
MICROSOFT CORP US MSFT 6,648 $2,183,136.72
MONDELEZ INTERNATIONAL INC US MDLZ 16,182 $1,187,920.62
MOODY'S CORPORATION US MCO 5,005 $1,585,984.40
NEWMONT GOLDCORP CORP US NEM 5,962 $241,759.10
NIKE INC CLASS B US NKE 3,718 $391,356.68
NORFOLK SOUTHN CORP US NSC 2,290 $476,732.20
NORTHROP GRUMMAN CORP US NOC 2,871 $1,250,291.79
PROGRESSIVE CORP US PGR 8,532 $1,091,328.12
S&P GLOBAL INC US SPGI 3,237 $1,189,370.91
SALESFORCE INC US CRM 6,847 $1,529,482.86
SBA COMMUNICATIONS CORP US SBAC 2,988 $662,678.64
SERVICENOW INC US NOW 3,413 $1,859,334.14
SNOWFLAKE INC-CLASS A US SNOW 9,232 $1,526,603.52
THERMO FISHER SCIENTIFIC INC US TMO 1,914 $973,192.44
UNION PAC CORP US UNP 2,405 $463,010.60
UNITEDHEALTH GROUP INC US UNH 2,005 $976,916.20
VERTEX PHARMACEUTICALS INC US VRTX 1,951 $631,285.07
VISA INC - CLASS A SHARES US V 7,576 $1,674,523.28

Investments will change over time.

Distributions

  • Equity Series Class S Distribution History
  • 2023 Distribution Calendar
  • 2023 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, and interest rate risk.

Daily Price

$12.85

Daily $ Change

-$0.14

Daily % Change

-$1.09

as of 06/07/2023

Ticker

EXEYX

CUSIP

563821602

Inception Date

05/01/1998

Investment Minimum

$2,000.00

Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Applications & Forms
Fact Sheet
N-Port Part F Reports

Investment Objective

To provide long-term growth of capital by investing primarily in common stocks of U.S. issuers.

Investment Strategy

The Series primarily invests in common stocks. It may invest in large, mid, and small size companies within the U.S.

May be Appropriate for Investors

  • Seeking high rates of return typically associated with the stock market over time
  • Willing to accept the higher level of short-term volatility associated with the stock market

Performance

As of 05/31/2023

YTD

9.69%

1 Year

4.03%

3 Year

10.42%

5 Year

11.03%

10 Year

11.40%

Inception
(05/01/1998)

8.90%

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.

Prior to 07/10/2002, all performance figures reflect the performance of the Exeter Trust Company Group Trust for Employee Benefit Plans: All-Equity Collective Investment Trust fund (the “Collective”), which was managed by Manning & Napier Advisors, Inc. (predecessor to Manning & Napier Advisors, LLC), an affiliate of the distributor, and reorganized into the Manning & Napier Fund, Inc. Equity Series on 07/10/2002. The Collective was not open to the public generally or registered under the Investment Company Act of 1940 and the fees of the Collective were lower than the Series’ fees. Therefore, historical performance of the Collective would have been lower if the Collective had been subject to the same fees as the Series.

Expense Ratio

Gross 1.31%
Net 1.05%*

*Includes a shareholder servicing fee of 0.25%. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 05/31/2023

AMAZON.COM INC 4.56%
META PLATFORMS INC 3.73%
MICROSOFT CORP 3.62%
MICRON TECHNOLOGY INC 3.52%
MASTERCARD INC-CLASS A 3.52%
SERVICENOW INC 3.08%
ALPHABET INC-CL A 3.04%
ELECTRONIC ARTS 2.95%
COCA COLA CO/THE 2.94%
JOHNSON & JOHNSON 2.91%

Top Ten Investments list is unaudited and excludes cash

Sector Allocation

As of 05/31/2023

Communication Services
9.72%
Consumer Discretionary
5.92%
Consumer Staples
9.40%
Financials
19.79%
Health Care
15.80%
Industrials
10.91%
Information Technology
21.52%
Materials
2.73%
Real Estate
2.75%
Utilities
1.46%

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor’s, a division of S&P Global Inc. (S&P), and is licensed for use by Manning & Napier when referencing GICS sectors. Neither MSCI, S&P, nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification, nor shall any such party have any liability therefrom.

Security Description Country Ticker Shares/Par Market Value (USD)
ADVANCED MICRO DEVICES INC US AMD 10,990 $1,299,127.90
ALPHABET INC-CL A US GOOGL 14,958 $1,837,889.46
AMAZON.COM INC US AMZN 22,835 $2,753,444.30
APPLIED MATERIALS INC US AMAT 11,224 $1,496,159.20
BIOMARIN PHARMACEUTICAL INC US BMRN 13,349 $1,160,562.06
BLACKROCK INC US BLK 873 $574,041.15
BOSTON SCIENTIFIC CORP US BSX 20,430 $1,051,736.40
CBOE GLOBAL MARKETS INC US CBOE 11,571 $1,532,231.82
COCA COLA CO/THE US KO 29,710 $1,772,498.60
CONSTELLATION BRANDS INC-A US STZ 5,317 $1,291,871.49
COPART INC US CPRT 6,402 $560,751.18
CSX CORP US CSX 16,167 $495,841.89
CVS HEALTH CORP US CVS 7,108 $483,557.24
DOLLAR GENERAL CORP US DG 4,330 $870,719.70
DOLLAR TREE STORES INC US DLTR 4,109 $554,221.92
DOMINO'S PIZZA US DPZ 1,479 $428,688.15
DREYFUS GVT CSH MANAGEMENT US 3,520,166.24 $3,520,166.24
ELECTRONIC ARTS US EA 13,910 $1,780,480.00
EQUINIX INC US EQIX 1,336 $996,054.80
EVERGY INC US EVRG 15,231 $881,113.35
FMC CORP US FMC 13,522 $1,407,369.76
HUMANA INC US HUM 918 $460,716.66
IDEXX LABORATORIES INC US IDXX 2,285 $1,061,999.45
INSPERITY INC US NSP 5,396 $597,445.12
INTERCONTINENTALEXCHANGE INC US ICE 14,710 $1,558,524.50
INTUIT INC US INTU 2,302 $964,814.24
INTUITIVE SURGICAL INC US ISRG 3,185 $980,470.40
JOHNSON & JOHNSON US JNJ 11,348 $1,759,620.88
JP MORGAN CHASE & CO US JPM 4,532 $615,037.72
L3HARRIS TECHNOLOGIES INC US LHX 8,423 $1,481,774.16
MASCO CORP US MAS 26,055 $1,258,977.60
MASTERCARD INC-CLASS A US MA 5,823 $2,125,511.46
META PLATFORMS INC US META 8,505 $2,251,443.60
MICRON TECHNOLOGY INC US MU 31,184 $2,126,748.80
MICROSOFT CORP US MSFT 6,648 $2,183,136.72
MONDELEZ INTERNATIONAL INC US MDLZ 16,182 $1,187,920.62
MOODY'S CORPORATION US MCO 5,005 $1,585,984.40
NEWMONT GOLDCORP CORP US NEM 5,962 $241,759.10
NIKE INC CLASS B US NKE 3,718 $391,356.68
NORFOLK SOUTHN CORP US NSC 2,290 $476,732.20
NORTHROP GRUMMAN CORP US NOC 2,871 $1,250,291.79
PROGRESSIVE CORP US PGR 8,532 $1,091,328.12
S&P GLOBAL INC US SPGI 3,237 $1,189,370.91
SALESFORCE INC US CRM 6,847 $1,529,482.86
SBA COMMUNICATIONS CORP US SBAC 2,988 $662,678.64
SERVICENOW INC US NOW 3,413 $1,859,334.14
SNOWFLAKE INC-CLASS A US SNOW 9,232 $1,526,603.52
THERMO FISHER SCIENTIFIC INC US TMO 1,914 $973,192.44
UNION PAC CORP US UNP 2,405 $463,010.60
UNITEDHEALTH GROUP INC US UNH 2,005 $976,916.20
VERTEX PHARMACEUTICALS INC US VRTX 1,951 $631,285.07
VISA INC - CLASS A SHARES US V 7,576 $1,674,523.28

Investments will change over time.

Distributions

  • Equity Series Class S Distribution History
  • 2023 Distribution Calendar
  • 2023 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, and interest rate risk.

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