Mutual Fund
Overseas Series
Investment Objective
To maximize long-term growth by investing principally in the common stocks of companies located around the world.
Investment Strategy
The Series may invest in stocks of companies both in developed countries and in emerging market countries. The maximum allocation to any one country, measured at the time of purchase, is the higher of 15% or double the country’s weighting in the MSCI (EAFE) Index. Total holdings in emerging market countries are limited to 35% of the portfolio measured at the time of purchase.
May be Appropriate for Investors
- Seeking a long-term (15 years or more) investment and who are willing to accept the risk of foreign equity securities
- Seeking to diversify a portfolio by adding a foreign equity component
Daily Price
$30.11
Daily $ Change
$0.06
Daily % Change
0.20%
as of 11/30/2023
Ticker
MNOSX
CUSIP
56382R480
Inception Date
09/21/2018
Investment Minimum
$2,000.00
Investment minimum may be waived for certain qualified retirement plans 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 |
YTD
2.97%
1 Year
10.53%
3 Year
0.93%
5 Year
5.32%
10 Year
2.44%
Inception
(09/21/2018)
6.38%
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: International 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. Overseas 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, the historical performance of the Collective would have been lower if the Collective had been subject to the same fees as the Series. Inception performance is based on the Overseas Series Class I inception of 09/23/1998. For periods through 09/21/2018 (the inception date of the Class S shares), performance for the Class S shares is hypothetical and is based on the historical performance of the Class I shares adjusted for the Class S shares’ charges and expenses. Returns shown include a one-time payment unrelated to the Fund’s current portfolio investments received by the Fund during the third quarter 2020. The payment accounted for approximately 3.6% of the Fund’s year to date performance in 2020. The portion of the Fund’s average annual return attributable to the proceeds will vary by time frame.
Expense Ratio
| Gross | 1.09% |
| Net | 1.05%* |
*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. 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.
| ADMIRAL GROUP PLC | 4.43% |
| BAE SYSTEMS PLC | 4.38% |
| NESTLE SA-REGISTERED | 3.99% |
| MEDTRONIC INC | 3.94% |
| NOVARTIS AG- REG | 3.78% |
| SAMSUNG ELECTRONICS CO LTD | 3.76% |
| UNILEVER PLC - ADR | 3.65% |
| TAIWAN SEMICONDUCTOR - SP ADR | 3.43% |
| DEUTSCHE BOERSE AG | 3.12% |
| AUTO TRADER GROUP PLC | 3.11% |
Top Ten Investments list is unaudited and excludes cash.
| United Kingdom | 26.28% | |
| Switzerland | 11.38% | |
| Germany | 6.03% | |
| France | 5.19% | |
| Ireland | 5.11% | |
| Canada | 4.64% | |
| Netherlands | 4.49% | |
| Japan | 3.96% | |
| South Korea | 3.76% | |
| Australia | 3.66% | |
| Taiwan | 3.43% | |
| China | 3.07% | |
| Bermuda | 2.91% | |
| India | 2.65% | |
| Brazil | 2.53% | |
| Italy | 2.48% | |
| Sweden | 1.83% | |
| Hong Kong | 1.61% | |
| New Zealand | 1.53% | |
| Luxembourg | 1.21% | |
| Mexico | 1.16% | |
| Spain | 1.09% |
| Communication Services | 7.27% | |
| Consumer Discretionary | 7.41% | |
| Consumer Staples | 17.51% | |
| Financials | 18.58% | |
| Health Care | 13.84% | |
| Industrials | 17.66% | |
| Information Technology | 15.43% | |
| Materials | 2.30% |
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) |
|---|---|---|---|---|
| ADMIRAL GROUP PLC | GB | ADM LN | 796,587 | $23,668,794.99 |
| AIR LIQUIDE | FR | AI FP | 71,680 | $12,282,529.44 |
| AIRBUS SE | FR | AIR FP | 92,179 | $12,359,011.48 |
| ALCON INC | CH | ALC | 188,727 | $13,460,009.64 |
| ASTRAZENECA | GB | AZN | 213,220 | $13,481,900.60 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 48,898 | $8,832,934.72 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 1,913,764 | $8,183,798.37 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 2,196,809 | $16,617,219.97 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 580,320 | $9,810,255.05 |
| BAE SYSTEMS PLC | GB | BA/ LN | 1,741,940 | $23,422,791.28 |
| BEIERSDORF AG | DE | BEI GR | 118,566 | $15,593,806.91 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 102,071 | $10,797,070.38 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 399,688 | $5,835,444.80 |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 7,543,825 | $10,746,534.09 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 101,243 | $16,664,239.56 |
| DIAGEO PLC | GB | DGE LN | 325,196 | $12,297,620.00 |
| DOLLARAMA INC | CA | DOL CN | 96,277 | $6,574,675.97 |
| DREYFUS GVT CSH MANAGEMENT | US | 26,809,292.32 | $26,809,292.32 | |
| ENDAVA PLC - SPON ADR | GB | DAVA | 117,605 | $5,899,066.80 |
| FINECOBANK SPA | IT | FBK IM | 1,122,170 | $13,237,842.02 |
| GLOBANT SA | LU | GLOB | 37,949 | $6,462,335.21 |
| HALMA PLC | GB | HLMA LN | 335,644 | $7,548,089.37 |
| HDFC BANK LTD-ADR | IN | HDB | 250,849 | $14,185,510.95 |
| HEINEKEN NV | NL | HEIA NA | 172,974 | $15,540,580.34 |
| IMCD NV | NL | IMCD NA | 70,291 | $8,462,724.19 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 389,938 | $6,208,203.71 |
| KEYENCE CORP | JP | 6861 JP | 23,400 | $9,058,577.95 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 395,109 | $6,273,922.76 |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | KIMBERA MM | 3,382,000 | $6,197,863.44 |
| L'OREAL | FR | OR FP | 7,409 | $3,114,230.28 |
| LONZA GROUP AG -REG | CH | LONN SW | 16,578 | $5,805,681.66 |
| LULULEMON - ADR | CA | LULU | 18,874 | $7,426,541.52 |
| MEDTRONIC INC | IE | MDT | 298,436 | $21,057,644.16 |
| MERCADOLIBRE INC | BR | MELI | 10,884 | $13,504,214.16 |
| NESTLE SA-REGISTERED | CH | NESN SW | 198,033 | $21,355,637.29 |
| NOVARTIS AG- REG | CH | NVS | 215,898 | $20,203,734.84 |
| RENAISSANCERE HOLDINGS LTD | BM | RNR | 70,913 | $15,571,785.67 |
| RENTOKIL INITIAL PLC | GB | RTO LN | 2,326,695 | $11,848,673.80 |
| SAMSUNG ELECTRONICS CO LTD | KR | 005930 KS | 403,502 | $20,084,262.83 |
| SONY CORP FIRST SECTION | JP | 6758 JP | 145,700 | $12,113,335.73 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 212,580 | $18,347,779.80 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 945,500 | $8,631,966.19 |
| TENCENT HOLDINGS LTD | CN | 700 HK | 443,900 | $16,428,186.85 |
| UNILEVER PLC - ADR | GB | UL | 412,096 | $19,512,745.60 |
Investments will change over time.
A Word About Risk
All investments involve risks, including possible loss of principal. Funds whose investments are concentrated in foreign countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the Series may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets.
Daily Price
$30.11
Daily $ Change
$0.06
Daily % Change
0.20%
as of 11/30/2023
Ticker
MNOSX
CUSIP
56382R480
Inception Date
09/21/2018
Investment Minimum
$2,000.00
Investment minimum may be waived for certain qualified retirement plans 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 maximize long-term growth by investing principally in the common stocks of companies located around the world.
Investment Strategy
The Series may invest in stocks of companies both in developed countries and in emerging market countries. The maximum allocation to any one country, measured at the time of purchase, is the higher of 15% or double the country’s weighting in the MSCI (EAFE) Index. Total holdings in emerging market countries are limited to 35% of the portfolio measured at the time of purchase.
May be Appropriate for Investors
- Seeking a long-term (15 years or more) investment and who are willing to accept the risk of foreign equity securities
- Seeking to diversify a portfolio by adding a foreign equity component
YTD
2.97%
1 Year
10.53%
3 Year
0.93%
5 Year
5.32%
10 Year
2.44%
Inception
(09/21/2018)
6.38%
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: International 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. Overseas 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, the historical performance of the Collective would have been lower if the Collective had been subject to the same fees as the Series. Inception performance is based on the Overseas Series Class I inception of 09/23/1998. For periods through 09/21/2018 (the inception date of the Class S shares), performance for the Class S shares is hypothetical and is based on the historical performance of the Class I shares adjusted for the Class S shares’ charges and expenses. Returns shown include a one-time payment unrelated to the Fund’s current portfolio investments received by the Fund during the third quarter 2020. The payment accounted for approximately 3.6% of the Fund’s year to date performance in 2020. The portion of the Fund’s average annual return attributable to the proceeds will vary by time frame.
Expense Ratio
| Gross | 1.09% |
| Net | 1.05%* |
*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. 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.
| ADMIRAL GROUP PLC | 4.43% |
| BAE SYSTEMS PLC | 4.38% |
| NESTLE SA-REGISTERED | 3.99% |
| MEDTRONIC INC | 3.94% |
| NOVARTIS AG- REG | 3.78% |
| SAMSUNG ELECTRONICS CO LTD | 3.76% |
| UNILEVER PLC - ADR | 3.65% |
| TAIWAN SEMICONDUCTOR - SP ADR | 3.43% |
| DEUTSCHE BOERSE AG | 3.12% |
| AUTO TRADER GROUP PLC | 3.11% |
Top Ten Investments list is unaudited and excludes cash.
| United Kingdom | 26.28% | |
| Switzerland | 11.38% | |
| Germany | 6.03% | |
| France | 5.19% | |
| Ireland | 5.11% | |
| Canada | 4.64% | |
| Netherlands | 4.49% | |
| Japan | 3.96% | |
| South Korea | 3.76% | |
| Australia | 3.66% | |
| Taiwan | 3.43% | |
| China | 3.07% | |
| Bermuda | 2.91% | |
| India | 2.65% | |
| Brazil | 2.53% | |
| Italy | 2.48% | |
| Sweden | 1.83% | |
| Hong Kong | 1.61% | |
| New Zealand | 1.53% | |
| Luxembourg | 1.21% | |
| Mexico | 1.16% | |
| Spain | 1.09% |
| Communication Services | 7.27% | |
| Consumer Discretionary | 7.41% | |
| Consumer Staples | 17.51% | |
| Financials | 18.58% | |
| Health Care | 13.84% | |
| Industrials | 17.66% | |
| Information Technology | 15.43% | |
| Materials | 2.30% |
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) |
|---|---|---|---|---|
| ADMIRAL GROUP PLC | GB | ADM LN | 796,587 | $23,668,794.99 |
| AIR LIQUIDE | FR | AI FP | 71,680 | $12,282,529.44 |
| AIRBUS SE | FR | AIR FP | 92,179 | $12,359,011.48 |
| ALCON INC | CH | ALC | 188,727 | $13,460,009.64 |
| ASTRAZENECA | GB | AZN | 213,220 | $13,481,900.60 |
| ATLASSIAN CORP PLC-CLASS A | AU | TEAM | 48,898 | $8,832,934.72 |
| AUCKLAND INTL AIRPORT LTD | NZ | AIA NZ | 1,913,764 | $8,183,798.37 |
| AUTO TRADER GROUP PLC | GB | AUTO LN | 2,196,809 | $16,617,219.97 |
| AVANZA BANK HOLDING AB | SE | AZA SS | 580,320 | $9,810,255.05 |
| BAE SYSTEMS PLC | GB | BA/ LN | 1,741,940 | $23,422,791.28 |
| BEIERSDORF AG | DE | BEI GR | 118,566 | $15,593,806.91 |
| CANADIAN NATIONAL RAILWAY CO | CA | CNI | 102,071 | $10,797,070.38 |
| CELLNEX TELECOM SAU-UNSP ADR | ES | CLLNY | 399,688 | $5,835,444.80 |
| CLEANAWAY WASTE MANAGEMENT | AU | CWY AU | 7,543,825 | $10,746,534.09 |
| DEUTSCHE BOERSE AG | DE | DB1 GR | 101,243 | $16,664,239.56 |
| DIAGEO PLC | GB | DGE LN | 325,196 | $12,297,620.00 |
| DOLLARAMA INC | CA | DOL CN | 96,277 | $6,574,675.97 |
| DREYFUS GVT CSH MANAGEMENT | US | 26,809,292.32 | $26,809,292.32 | |
| ENDAVA PLC - SPON ADR | GB | DAVA | 117,605 | $5,899,066.80 |
| FINECOBANK SPA | IT | FBK IM | 1,122,170 | $13,237,842.02 |
| GLOBANT SA | LU | GLOB | 37,949 | $6,462,335.21 |
| HALMA PLC | GB | HLMA LN | 335,644 | $7,548,089.37 |
| HDFC BANK LTD-ADR | IN | HDB | 250,849 | $14,185,510.95 |
| HEINEKEN NV | NL | HEIA NA | 172,974 | $15,540,580.34 |
| IMCD NV | NL | IMCD NA | 70,291 | $8,462,724.19 |
| INTERMEDIATE CAPITAL GROUP | GB | ICP LN | 389,938 | $6,208,203.71 |
| KEYENCE CORP | JP | 6861 JP | 23,400 | $9,058,577.95 |
| KEYWORDS STUDIOS PLC | IE | KWS LN | 395,109 | $6,273,922.76 |
| KIMBERLY CLARK DE MEXICO S.A.B. | MX | KIMBERA MM | 3,382,000 | $6,197,863.44 |
| L'OREAL | FR | OR FP | 7,409 | $3,114,230.28 |
| LONZA GROUP AG -REG | CH | LONN SW | 16,578 | $5,805,681.66 |
| LULULEMON - ADR | CA | LULU | 18,874 | $7,426,541.52 |
| MEDTRONIC INC | IE | MDT | 298,436 | $21,057,644.16 |
| MERCADOLIBRE INC | BR | MELI | 10,884 | $13,504,214.16 |
| NESTLE SA-REGISTERED | CH | NESN SW | 198,033 | $21,355,637.29 |
| NOVARTIS AG- REG | CH | NVS | 215,898 | $20,203,734.84 |
| RENAISSANCERE HOLDINGS LTD | BM | RNR | 70,913 | $15,571,785.67 |
| RENTOKIL INITIAL PLC | GB | RTO LN | 2,326,695 | $11,848,673.80 |
| SAMSUNG ELECTRONICS CO LTD | KR | 005930 KS | 403,502 | $20,084,262.83 |
| SONY CORP FIRST SECTION | JP | 6758 JP | 145,700 | $12,113,335.73 |
| TAIWAN SEMICONDUCTOR - SP ADR | TW | TSM | 212,580 | $18,347,779.80 |
| TECHTRONIC INDUSTRIES CO LTD | HK | 669 HK | 945,500 | $8,631,966.19 |
| TENCENT HOLDINGS LTD | CN | 700 HK | 443,900 | $16,428,186.85 |
| UNILEVER PLC - ADR | GB | UL | 412,096 | $19,512,745.60 |
Investments will change over time.
Distributions
A Word About Risk
All investments involve risks, including possible loss of principal. Funds whose investments are concentrated in foreign countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the Series may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets.