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

$10.04

Daily $ Change

-$0.02

Daily % Change

-0.20%

as of 09/22/2023

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

Performance

As of 08/31/2023

YTD

14.85%

1 Year

10.93%

3 Year

8.85%

5 Year

11.41%

10 Year

12.08%

Inception
(03/01/2019)

9.17%

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 1.06%
Net 0.05%*

*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.

Top Ten Investments

As of 08/31/2023

AMAZON.COM INC 4.16%
MASTERCARD INC-CLASS A 3.95%
MICRON TECHNOLOGY INC 3.58%
MICROSOFT CORP 3.58%
CBOE GLOBAL MARKETS INC 3.51%
META PLATFORMS INC 3.42%
ALPHABET INC-CL A 3.34%
JOHNSON & JOHNSON 3.21%
VISA INC - CLASS A SHARES 3.06%
L3HARRIS TECHNOLOGIES INC 3.04%

Top Ten Investments list is unaudited and excludes cash

Sector Allocation

As of 08/31/2023

Communication Services
9.50%
Consumer Discretionary
5.90%
Consumer Staples
8.88%
Financials
21.45%
Health Care
16.13%
Industrials
11.45%
Information Technology
19.53%
Materials
2.54%
Real Estate
3.25%
Utilities
1.37%

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-CL A US GOOGL 14,958 $2,036,830.86
AMAZON.COM INC US AMZN 18,345 $2,531,793.45
APPLIED MATERIALS INC US AMAT 9,172 $1,401,114.72
BIOMARIN PHARMACEUTICAL INC US BMRN 17,508 $1,599,881.04
BLACKROCK INC US BLK 873 $611,571.42
BOSTON SCIENTIFIC CORP US BSX 12,516 $675,113.04
CBOE GLOBAL MARKETS INC US CBOE 14,269 $2,136,211.99
COCA COLA CO/THE US KO 29,710 $1,777,549.30
CONSTELLATION BRANDS INC-A US STZ 4,567 $1,189,977.52
COPART INC US CPRT 14,514 $650,662.62
CSX CORP US CSX 16,167 $488,243.40
CVS HEALTH CORP US CVS 7,108 $463,228.36
DOLLAR GENERAL CORP US DG 9,312 $1,289,712.00
DREYFUS GVT CSH MANAGEMENT US 1,793,460.13 $1,793,460.13
ELECTRONIC ARTS US EA 13,910 $1,668,921.80
EPAM SYSTEMS INC US EPAM 2,958 $766,092.42
EQUINIX INC US EQIX 1,336 $1,043,923.68
EVERGY INC US EVRG 15,231 $837,248.07
FMC CORP US FMC 17,937 $1,546,707.51
HUMANA INC US HUM 918 $423,776.34
IDEXX LABORATORIES INC US IDXX 2,285 $1,168,571.85
INSPERITY INC US NSP 5,396 $546,776.68
INTERCONTINENTALEXCHANGE INC US ICE 14,710 $1,735,632.90
INTUIT INC US INTU 1,897 $1,027,813.57
INTUITIVE SURGICAL INC US ISRG 2,671 $835,168.28
JOHNSON & JOHNSON US JNJ 12,089 $1,954,549.52
JP MORGAN CHASE & CO US JPM 4,532 $663,167.56
L3HARRIS TECHNOLOGIES INC US LHX 10,384 $1,849,286.56
MASCO CORP US MAS 21,531 $1,270,544.31
MASTERCARD INC-CLASS A US MA 5,823 $2,402,802.72
META PLATFORMS INC US META 7,033 $2,080,994.37
MICRON TECHNOLOGY INC US MU 31,184 $2,181,008.96
MICROSOFT CORP US MSFT 6,648 $2,178,948.48
MONDELEZ INTERNATIONAL INC US MDLZ 16,182 $1,153,129.32
MOODY'S CORPORATION US MCO 4,153 $1,398,730.40
NIKE INC CLASS B US NKE 10,451 $1,062,971.21
NORFOLK SOUTHN CORP US NSC 2,290 $469,472.90
NORTHROP GRUMMAN CORP US NOC 2,871 $1,243,401.39
PROGRESSIVE CORP US PGR 8,532 $1,138,766.04
S&P GLOBAL INC US SPGI 2,837 $1,108,869.82
SALESFORCE INC US CRM 6,847 $1,516,336.62
SBA COMMUNICATIONS CORP US SBAC 4,173 $936,963.69
SERVICENOW INC US NOW 2,849 $1,677,576.67
SNOWFLAKE INC-CLASS A US SNOW 7,282 $1,142,181.70
THERMO FISHER SCIENTIFIC INC US TMO 1,914 $1,066,289.40
UNION PAC CORP US UNP 2,059 $454,153.63
UNITEDHEALTH GROUP INC US UNH 2,005 $955,542.90
VERTEX PHARMACEUTICALS INC US VRTX 1,951 $679,611.34
VISA INC - CLASS A SHARES US V 7,576 $1,861,271.68

Investments will change over time.

Distributions

  • Equity Series Class W 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

$10.04

Daily $ Change

-$0.02

Daily % Change

-0.20%

as of 09/22/2023

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

Performance

As of 08/31/2023

YTD

14.85%

1 Year

10.93%

3 Year

8.85%

5 Year

11.41%

10 Year

12.08%

Inception
(03/01/2019)

9.17%

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 1.06%
Net 0.05%*

*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.

Top Ten Investments

As of 08/31/2023

AMAZON.COM INC 4.16%
MASTERCARD INC-CLASS A 3.95%
MICRON TECHNOLOGY INC 3.58%
MICROSOFT CORP 3.58%
CBOE GLOBAL MARKETS INC 3.51%
META PLATFORMS INC 3.42%
ALPHABET INC-CL A 3.34%
JOHNSON & JOHNSON 3.21%
VISA INC - CLASS A SHARES 3.06%
L3HARRIS TECHNOLOGIES INC 3.04%

Top Ten Investments list is unaudited and excludes cash

Sector Allocation

As of 08/31/2023

Communication Services
9.50%
Consumer Discretionary
5.90%
Consumer Staples
8.88%
Financials
21.45%
Health Care
16.13%
Industrials
11.45%
Information Technology
19.53%
Materials
2.54%
Real Estate
3.25%
Utilities
1.37%

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-CL A US GOOGL 14,958 $2,036,830.86
AMAZON.COM INC US AMZN 18,345 $2,531,793.45
APPLIED MATERIALS INC US AMAT 9,172 $1,401,114.72
BIOMARIN PHARMACEUTICAL INC US BMRN 17,508 $1,599,881.04
BLACKROCK INC US BLK 873 $611,571.42
BOSTON SCIENTIFIC CORP US BSX 12,516 $675,113.04
CBOE GLOBAL MARKETS INC US CBOE 14,269 $2,136,211.99
COCA COLA CO/THE US KO 29,710 $1,777,549.30
CONSTELLATION BRANDS INC-A US STZ 4,567 $1,189,977.52
COPART INC US CPRT 14,514 $650,662.62
CSX CORP US CSX 16,167 $488,243.40
CVS HEALTH CORP US CVS 7,108 $463,228.36
DOLLAR GENERAL CORP US DG 9,312 $1,289,712.00
DREYFUS GVT CSH MANAGEMENT US 1,793,460.13 $1,793,460.13
ELECTRONIC ARTS US EA 13,910 $1,668,921.80
EPAM SYSTEMS INC US EPAM 2,958 $766,092.42
EQUINIX INC US EQIX 1,336 $1,043,923.68
EVERGY INC US EVRG 15,231 $837,248.07
FMC CORP US FMC 17,937 $1,546,707.51
HUMANA INC US HUM 918 $423,776.34
IDEXX LABORATORIES INC US IDXX 2,285 $1,168,571.85
INSPERITY INC US NSP 5,396 $546,776.68
INTERCONTINENTALEXCHANGE INC US ICE 14,710 $1,735,632.90
INTUIT INC US INTU 1,897 $1,027,813.57
INTUITIVE SURGICAL INC US ISRG 2,671 $835,168.28
JOHNSON & JOHNSON US JNJ 12,089 $1,954,549.52
JP MORGAN CHASE & CO US JPM 4,532 $663,167.56
L3HARRIS TECHNOLOGIES INC US LHX 10,384 $1,849,286.56
MASCO CORP US MAS 21,531 $1,270,544.31
MASTERCARD INC-CLASS A US MA 5,823 $2,402,802.72
META PLATFORMS INC US META 7,033 $2,080,994.37
MICRON TECHNOLOGY INC US MU 31,184 $2,181,008.96
MICROSOFT CORP US MSFT 6,648 $2,178,948.48
MONDELEZ INTERNATIONAL INC US MDLZ 16,182 $1,153,129.32
MOODY'S CORPORATION US MCO 4,153 $1,398,730.40
NIKE INC CLASS B US NKE 10,451 $1,062,971.21
NORFOLK SOUTHN CORP US NSC 2,290 $469,472.90
NORTHROP GRUMMAN CORP US NOC 2,871 $1,243,401.39
PROGRESSIVE CORP US PGR 8,532 $1,138,766.04
S&P GLOBAL INC US SPGI 2,837 $1,108,869.82
SALESFORCE INC US CRM 6,847 $1,516,336.62
SBA COMMUNICATIONS CORP US SBAC 4,173 $936,963.69
SERVICENOW INC US NOW 2,849 $1,677,576.67
SNOWFLAKE INC-CLASS A US SNOW 7,282 $1,142,181.70
THERMO FISHER SCIENTIFIC INC US TMO 1,914 $1,066,289.40
UNION PAC CORP US UNP 2,059 $454,153.63
UNITEDHEALTH GROUP INC US UNH 2,005 $955,542.90
VERTEX PHARMACEUTICALS INC US VRTX 1,951 $679,611.34
VISA INC - CLASS A SHARES US V 7,576 $1,861,271.68

Investments will change over time.

Distributions

  • Equity Series Class W 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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