Mutual Funds
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
$11.93
Daily $ Change
$0.06
Daily % Change
0.50%
as of 07/25/2024
Ticker
MEYWX
CUSIP
56382R431
Inception Date
03/01/2019
This fund is only available to discretionary investment accounts and other accounts managed by the Advisor.
Important Documents
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Applications & Forms | |
| N-Port Part F Reports |
YTD
8.55%
1 Year
19.34%
3 Year
6.30%
5 Year
14.37%
10 Year
11.48%
Inception
(05/01/1998)
9.59%
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.
Inception performance is based on the Equity Series Class S inception of 05/01/1998. For periods through 03/01/2019 (the inception date of the Class W shares), performance for the Class W shares is based on the historical performance of the Class S shares. Because the Class W shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results.
Expense Ratio
| Gross | 1.12% |
| Net | 0.06%* |
*Reflects the Advisor's contractual agreement to waive its management fee and limit and reimburse certain other expenses. These contractual waivers may not be amended or terminated without the prior approval of the Fund's Board of Directors. The Class W shares are only available to discretionary investment accounts and other accounts managed by the Advisor. These clients pay a management fee to the Advisor that is separate from the fund's expenses.
| MICROSOFT CORP | 5.39% |
| AMAZON COM INC | 5.27% |
| ALPHABET INC CAP STK CL A | 4.49% |
| MASTERCARD INCORPORATED CL A | 3.83% |
| INTERCONTINENTAL EXCHANGE INC COM | 3.46% |
| SERVICENOW INC | 3.29% |
| META PLATFORMS INC CL A | 3.25% |
| ELECTRONIC ARTS INC | 2.89% |
| L3HARRIS TECHNOLOGIES INC COM | 2.69% |
| CONSTELLATION BRANDS INC | 2.66% |
Top Ten Investments list is unaudited and excludes cash
| Information Technology | 22.72% | |
| Financials | 22.41% | |
| Industrials | 17.03% | |
| Health Care | 12.50% | |
| Communication Services | 10.63% | |
| Consumer Staples | 6.98% | |
| Consumer Discretionary | 5.27% | |
| Utilities | 1.51% | |
| Materials | 0.94% |
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) |
|---|---|---|---|---|
| ALPHABET INC CAP STK CL A | US | 16,537 | $3,012,214.55 | |
| AMAZON COM INC | US | 18,312 | $3,538,794.00 | |
| APPLE INC COM | US | 6,379 | $1,343,544.98 | |
| APPLIED MATLS INC | US | 6,550 | $1,545,734.50 | |
| BLACKROCK INC | US | 1,320 | $1,039,262.40 | |
| CBOE GLOBAL MARKETS INC | US | 3,573 | $607,624.38 | |
| COCA COLA CO | US | 22,090 | $1,406,028.50 | |
| CONSTELLATION BRANDS INC | US | 6,947 | $1,787,324.16 | |
| COPART INC | US | 25,095 | $1,359,145.20 | |
| CSX CORP | US | 38,636 | $1,292,374.20 | |
| ELECTRONIC ARTS INC | US | 13,910 | $1,938,080.30 | |
| EPAM SYS INC | US | 7,133 | $1,341,788.63 | |
| EQUIFAX INC | US | 3,410 | $826,788.60 | |
| EVERGY INC COM | US | 19,196 | $1,016,812.12 | |
| FISERV INC | US | 8,865 | $1,321,239.60 | |
| HEICO CORP NEW | US | 4,052 | $719,311.04 | |
| HUMANA INC | US | 4,618 | $1,725,515.70 | |
| IDEXX LABS INC | US | 1,274 | $620,692.80 | |
| INTERCONTINENTAL EXCHANGE INC COM | US | 16,943 | $2,319,327.27 | |
| INTUIT | US | 1,659 | $1,090,311.39 | |
| INTUITIVE SURGICAL INC | US | 2,274 | $1,011,588.90 | |
| J P MORGAN CHASE AND CO | US | 5,296 | $1,071,168.96 | |
| JOHNSON AND JOHNSON | US | 10,417 | $1,522,548.72 | |
| L3HARRIS TECHNOLOGIES INC COM | US | 8,033 | $1,804,051.14 | |
| MASCO CORP | US | 14,006 | $933,780.02 | |
| MASTERCARD INCORPORATED CL A | US | 5,823 | $2,568,874.68 | |
| META PLATFORMS INC CL A | US | 4,332 | $2,184,281.04 | |
| MICRON TECHNOLOGY INC | US | 12,248 | $1,610,979.44 | |
| MICROSOFT CORP | US | 8,091 | $3,616,272.45 | |
| MONDELEZ INTL INC | US | 9,635 | $630,514.40 | |
| MOODYS CORP | US | 3,713 | $1,562,913.09 | |
| MSCI INC | US | 1,434 | $690,829.50 | |
| NORFOLK SOUTHERN CORP | US | 4,787 | $1,027,721.03 | |
| NORTHROP GRUMMAN CORP | US | 2,130 | $928,573.50 | |
| NVIDIA CORP | US | 9,740 | $1,203,279.60 | |
| PHILIP MORRIS INTL INC | US | 8,497 | $861,001.01 | |
| PROGRESSIVE CORP OHIO | US | 3,925 | $815,261.75 | |
| ROLLINS INC | US | 15,419 | $752,293.01 | |
| S AND P GLOBAL INC | US | 2,837 | $1,265,302.00 | |
| SALESFORCE INC COM | US | 5,006 | $1,287,042.60 | |
| SERVICENOW INC | US | 2,809 | $2,209,756.03 | |
| SHERWIN WILLIAMS CO | US | 2,118 | $632,074.74 | |
| THERMO FISHER SCIENTIFIC INC COM | US | 2,021 | $1,117,613.00 | |
| TRANSUNION | US | 8,869 | $657,725.04 | |
| UNION PAC CORP | US | 4,994 | $1,129,942.44 | |
| UNITEDHEALTH GROUP INC | US | 3,180 | $1,619,446.80 | |
| US DOLLARS | US | 2,059,876.85 | $2,059,876.85 | |
| VERTEX PHARMACEUTICALS INC | US | 1,655 | $775,731.60 | |
| VISA INC | US | 6,785 | $1,780,858.95 |
Investments will change over time.
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
$11.93
Daily $ Change
$0.06
Daily % Change
0.50%
as of 07/25/2024
Ticker
MEYWX
CUSIP
56382R431
Inception Date
03/01/2019
This fund is only available to discretionary investment accounts and other accounts managed by the Advisor.
Important Documents
| Summary Prospectus | |
| Prospectus | |
| Statement of Additional Information | |
| Annual Report | |
| Semi-Annual Report | |
| Applications & Forms | |
| 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
YTD
8.55%
1 Year
19.34%
3 Year
6.30%
5 Year
14.37%
10 Year
11.48%
Inception
(05/01/1998)
9.59%
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.
Inception performance is based on the Equity Series Class S inception of 05/01/1998. For periods through 03/01/2019 (the inception date of the Class W shares), performance for the Class W shares is based on the historical performance of the Class S shares. Because the Class W shares invest in the same portfolio of securities as the Class S shares, performance will be different only to the extent that the Class S shares have a higher expense ratio. Performance data quoted represents past performance and does not guarantee future results.
Expense Ratio
| Gross | 1.12% |
| Net | 0.06%* |
*Reflects the Advisor's contractual agreement to waive its management fee and limit and reimburse certain other expenses. These contractual waivers may not be amended or terminated without the prior approval of the Fund's Board of Directors. The Class W shares are only available to discretionary investment accounts and other accounts managed by the Advisor. These clients pay a management fee to the Advisor that is separate from the fund's expenses.
| MICROSOFT CORP | 5.39% |
| AMAZON COM INC | 5.27% |
| ALPHABET INC CAP STK CL A | 4.49% |
| MASTERCARD INCORPORATED CL A | 3.83% |
| INTERCONTINENTAL EXCHANGE INC COM | 3.46% |
| SERVICENOW INC | 3.29% |
| META PLATFORMS INC CL A | 3.25% |
| ELECTRONIC ARTS INC | 2.89% |
| L3HARRIS TECHNOLOGIES INC COM | 2.69% |
| CONSTELLATION BRANDS INC | 2.66% |
Top Ten Investments list is unaudited and excludes cash
| Information Technology | 22.72% | |
| Financials | 22.41% | |
| Industrials | 17.03% | |
| Health Care | 12.50% | |
| Communication Services | 10.63% | |
| Consumer Staples | 6.98% | |
| Consumer Discretionary | 5.27% | |
| Utilities | 1.51% | |
| Materials | 0.94% |
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) |
|---|---|---|---|---|
| ALPHABET INC CAP STK CL A | US | 16,537 | $3,012,214.55 | |
| AMAZON COM INC | US | 18,312 | $3,538,794.00 | |
| APPLE INC COM | US | 6,379 | $1,343,544.98 | |
| APPLIED MATLS INC | US | 6,550 | $1,545,734.50 | |
| BLACKROCK INC | US | 1,320 | $1,039,262.40 | |
| CBOE GLOBAL MARKETS INC | US | 3,573 | $607,624.38 | |
| COCA COLA CO | US | 22,090 | $1,406,028.50 | |
| CONSTELLATION BRANDS INC | US | 6,947 | $1,787,324.16 | |
| COPART INC | US | 25,095 | $1,359,145.20 | |
| CSX CORP | US | 38,636 | $1,292,374.20 | |
| ELECTRONIC ARTS INC | US | 13,910 | $1,938,080.30 | |
| EPAM SYS INC | US | 7,133 | $1,341,788.63 | |
| EQUIFAX INC | US | 3,410 | $826,788.60 | |
| EVERGY INC COM | US | 19,196 | $1,016,812.12 | |
| FISERV INC | US | 8,865 | $1,321,239.60 | |
| HEICO CORP NEW | US | 4,052 | $719,311.04 | |
| HUMANA INC | US | 4,618 | $1,725,515.70 | |
| IDEXX LABS INC | US | 1,274 | $620,692.80 | |
| INTERCONTINENTAL EXCHANGE INC COM | US | 16,943 | $2,319,327.27 | |
| INTUIT | US | 1,659 | $1,090,311.39 | |
| INTUITIVE SURGICAL INC | US | 2,274 | $1,011,588.90 | |
| J P MORGAN CHASE AND CO | US | 5,296 | $1,071,168.96 | |
| JOHNSON AND JOHNSON | US | 10,417 | $1,522,548.72 | |
| L3HARRIS TECHNOLOGIES INC COM | US | 8,033 | $1,804,051.14 | |
| MASCO CORP | US | 14,006 | $933,780.02 | |
| MASTERCARD INCORPORATED CL A | US | 5,823 | $2,568,874.68 | |
| META PLATFORMS INC CL A | US | 4,332 | $2,184,281.04 | |
| MICRON TECHNOLOGY INC | US | 12,248 | $1,610,979.44 | |
| MICROSOFT CORP | US | 8,091 | $3,616,272.45 | |
| MONDELEZ INTL INC | US | 9,635 | $630,514.40 | |
| MOODYS CORP | US | 3,713 | $1,562,913.09 | |
| MSCI INC | US | 1,434 | $690,829.50 | |
| NORFOLK SOUTHERN CORP | US | 4,787 | $1,027,721.03 | |
| NORTHROP GRUMMAN CORP | US | 2,130 | $928,573.50 | |
| NVIDIA CORP | US | 9,740 | $1,203,279.60 | |
| PHILIP MORRIS INTL INC | US | 8,497 | $861,001.01 | |
| PROGRESSIVE CORP OHIO | US | 3,925 | $815,261.75 | |
| ROLLINS INC | US | 15,419 | $752,293.01 | |
| S AND P GLOBAL INC | US | 2,837 | $1,265,302.00 | |
| SALESFORCE INC COM | US | 5,006 | $1,287,042.60 | |
| SERVICENOW INC | US | 2,809 | $2,209,756.03 | |
| SHERWIN WILLIAMS CO | US | 2,118 | $632,074.74 | |
| THERMO FISHER SCIENTIFIC INC COM | US | 2,021 | $1,117,613.00 | |
| TRANSUNION | US | 8,869 | $657,725.04 | |
| UNION PAC CORP | US | 4,994 | $1,129,942.44 | |
| UNITEDHEALTH GROUP INC | US | 3,180 | $1,619,446.80 | |
| US DOLLARS | US | 2,059,876.85 | $2,059,876.85 | |
| VERTEX PHARMACEUTICALS INC | US | 1,655 | $775,731.60 | |
| VISA INC | US | 6,785 | $1,780,858.95 |
Investments will change over time.
Distributions
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.