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

$28.85

Daily $ Change

-$0.05

Daily % Change

-0.17%

as of 09/22/2023

Ticker

MNOZX

CUSIP

56382R472

Inception Date

05/01/2018

Investment Minimum

$1,000,000.00

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

Performance

As of 08/31/2023

YTD

11.69%

1 Year

14.16%

3 Year

2.39%

5 Year

5.31%

10 Year

4.61%

Inception
(05/01/2018)

7.17%

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 05/01/2018 (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. 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 0.70%
Net 0.65%*

*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 08/31/2023

ADMIRAL GROUP PLC 4.38%
MEDTRONIC INC 4.25%
NESTLE SA-REGISTERED 4.16%
BAE SYSTEMS PLC 3.87%
NOVARTIS AG- REG 3.79%
UNILEVER PLC - ADR 3.67%
TAIWAN SEMICONDUCTOR - SP ADR 3.47%
SAMSUNG ELECTRONICS CO LTD 3.39%
DEUTSCHE BOERSE AG 3.14%
RENTOKIL INITIAL PLC 3.09%

Top Ten Investments list is unaudited and excludes cash

Country Allocation

As of 08/31/2023

United Kingdom
26.27%
Switzerland
11.75%
Germany
5.85%
Japan
5.59%
Canada
5.36%
France
5.18%
Ireland
4.82%
Netherlands
3.84%
Australia
3.51%
Taiwan
3.47%
South Korea
3.39%
China
3.06%
India
2.73%
Brazil
2.61%
Bermuda
2.33%
Italy
1.91%
Hong Kong
1.63%
Sweden
1.55%
Mexico
1.33%
Spain
1.33%
New Zealand
1.25%
Luxembourg
1.24%

Sector Allocation

As of 08/31/2023

Communication Services
7.33%
Consumer Discretionary
8.08%
Consumer Staples
17.70%
Financials
17.20%
Health Care
14.37%
Industrials
16.87%
Information Technology
16.19%
Materials
2.26%

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 $25,095,692.83
AIR LIQUIDE FR AI FP 71,680 $12,950,869.57
AIRBUS SE FR AIR FP 92,179 $13,486,439.40
ALCON INC CH ALC 188,727 $15,662,453.73
ASTRAZENECA GB AZN 213,220 $14,460,580.40
ATLASSIAN CORP PLC-CLASS A AU TEAM 48,898 $9,978,125.88
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 1,543,708 $7,187,482.12
AUTO TRADER GROUP PLC GB AUTO LN 2,196,809 $16,846,149.83
AVANZA BANK HOLDING AB SE AZA SS 460,710 $8,895,067.53
BAE SYSTEMS PLC GB BA/ LN 1,741,940 $22,171,014.16
BEIERSDORF AG DE BEI GR 118,566 $15,524,461.08
CANADIAN NATIONAL RAILWAY CO CA CNI 102,071 $11,494,215.31
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 399,688 $7,626,047.04
CLEANAWAY WASTE MANAGEMENT AU CWY AU 5,975,994 $10,113,714.42
DEUTSCHE BOERSE AG DE DB1 GR 101,243 $17,973,059.72
DIAGEO PLC GB DGE LN 325,196 $13,317,758.44
DOLLARAMA INC CA DOL CN 96,277 $6,242,471.85
DREYFUS GVT CSH MANAGEMENT US 38,216,003.83 $38,216,003.83
ENDAVA PLC - SPON ADR GB DAVA 117,605 $5,750,884.50
FINECOBANK SPA IT FBK IM 800,676 $10,943,181.78
GLOBANT SA LU GLOB 34,619 $7,078,546.93
HALMA PLC GB HLMA LN 275,353 $7,464,391.17
HDFC BANK LTD-ADR IN HDB 250,849 $15,630,401.19
HEINEKEN NV NL HEIA NA 172,974 $16,814,878.07
IMCD NV NL IMCD NA 37,444 $5,157,245.57
INTERMEDIATE CAPITAL GROUP GB ICP LN 389,938 $6,663,884.23
KEYENCE CORP JP 6861 JP 23,400 $9,715,020.52
KEYWORDS STUDIOS PLC IE KWS LN 170,111 $3,286,323.38
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 3,382,000 $7,616,715.05
L'OREAL FR OR FP 7,409 $3,254,271.40
LONZA GROUP AG -REG CH LONN SW 11,184 $6,168,996.84
LULULEMON - ADR CA LULU 34,068 $12,988,765.68
MEDTRONIC INC IE MDT 298,436 $24,322,534.00
MERCADOLIBRE INC BR MELI 10,884 $14,936,766.24
NESTLE SA-REGISTERED CH NESN SW 198,033 $23,811,372.91
NOVARTIS AG- REG CH NVS 215,898 $21,693,431.04
RENAISSANCERE HOLDINGS LTD BM RNR 70,913 $13,323,843.57
RENTOKIL INITIAL PLC GB RTO LN 2,326,695 $17,714,226.77
SAMSUNG ELECTRONICS CO LTD KR 005930 KS 384,366 $19,439,790.20
SONY CORP FIRST SECTION JP 6758 JP 145,700 $12,121,148.89
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 212,580 $19,891,110.60
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 945,500 $9,325,168.70
TENCENT HOLDINGS LTD CN 700 HK 422,600 $17,512,698.98
TOKYO ELECTRON LTD JP 8035 JP 68,400 $10,159,155.77
UNILEVER PLC - ADR GB UL 412,096 $21,025,137.92

Investments will change over time.

Distributions

  • Overseas Series Class Z Distribution History
  • 2023 Distribution Calendar
  • 2023 Distributions
  • Tax Letter
  • World Opportunities Merger into Overseas

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

$28.85

Daily $ Change

-$0.05

Daily % Change

-0.17%

as of 09/22/2023

Ticker

MNOZX

CUSIP

56382R472

Inception Date

05/01/2018

Investment Minimum

$1,000,000.00

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

Performance

As of 08/31/2023

YTD

11.69%

1 Year

14.16%

3 Year

2.39%

5 Year

5.31%

10 Year

4.61%

Inception
(05/01/2018)

7.17%

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 05/01/2018 (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. 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 0.70%
Net 0.65%*

*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 08/31/2023

ADMIRAL GROUP PLC 4.38%
MEDTRONIC INC 4.25%
NESTLE SA-REGISTERED 4.16%
BAE SYSTEMS PLC 3.87%
NOVARTIS AG- REG 3.79%
UNILEVER PLC - ADR 3.67%
TAIWAN SEMICONDUCTOR - SP ADR 3.47%
SAMSUNG ELECTRONICS CO LTD 3.39%
DEUTSCHE BOERSE AG 3.14%
RENTOKIL INITIAL PLC 3.09%

Top Ten Investments list is unaudited and excludes cash

Country Allocation

As of 08/31/2023

United Kingdom
26.27%
Switzerland
11.75%
Germany
5.85%
Japan
5.59%
Canada
5.36%
France
5.18%
Ireland
4.82%
Netherlands
3.84%
Australia
3.51%
Taiwan
3.47%
South Korea
3.39%
China
3.06%
India
2.73%
Brazil
2.61%
Bermuda
2.33%
Italy
1.91%
Hong Kong
1.63%
Sweden
1.55%
Mexico
1.33%
Spain
1.33%
New Zealand
1.25%
Luxembourg
1.24%

Sector Allocation

As of 08/31/2023

Communication Services
7.33%
Consumer Discretionary
8.08%
Consumer Staples
17.70%
Financials
17.20%
Health Care
14.37%
Industrials
16.87%
Information Technology
16.19%
Materials
2.26%

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 $25,095,692.83
AIR LIQUIDE FR AI FP 71,680 $12,950,869.57
AIRBUS SE FR AIR FP 92,179 $13,486,439.40
ALCON INC CH ALC 188,727 $15,662,453.73
ASTRAZENECA GB AZN 213,220 $14,460,580.40
ATLASSIAN CORP PLC-CLASS A AU TEAM 48,898 $9,978,125.88
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 1,543,708 $7,187,482.12
AUTO TRADER GROUP PLC GB AUTO LN 2,196,809 $16,846,149.83
AVANZA BANK HOLDING AB SE AZA SS 460,710 $8,895,067.53
BAE SYSTEMS PLC GB BA/ LN 1,741,940 $22,171,014.16
BEIERSDORF AG DE BEI GR 118,566 $15,524,461.08
CANADIAN NATIONAL RAILWAY CO CA CNI 102,071 $11,494,215.31
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 399,688 $7,626,047.04
CLEANAWAY WASTE MANAGEMENT AU CWY AU 5,975,994 $10,113,714.42
DEUTSCHE BOERSE AG DE DB1 GR 101,243 $17,973,059.72
DIAGEO PLC GB DGE LN 325,196 $13,317,758.44
DOLLARAMA INC CA DOL CN 96,277 $6,242,471.85
DREYFUS GVT CSH MANAGEMENT US 38,216,003.83 $38,216,003.83
ENDAVA PLC - SPON ADR GB DAVA 117,605 $5,750,884.50
FINECOBANK SPA IT FBK IM 800,676 $10,943,181.78
GLOBANT SA LU GLOB 34,619 $7,078,546.93
HALMA PLC GB HLMA LN 275,353 $7,464,391.17
HDFC BANK LTD-ADR IN HDB 250,849 $15,630,401.19
HEINEKEN NV NL HEIA NA 172,974 $16,814,878.07
IMCD NV NL IMCD NA 37,444 $5,157,245.57
INTERMEDIATE CAPITAL GROUP GB ICP LN 389,938 $6,663,884.23
KEYENCE CORP JP 6861 JP 23,400 $9,715,020.52
KEYWORDS STUDIOS PLC IE KWS LN 170,111 $3,286,323.38
KIMBERLY CLARK DE MEXICO S.A.B. MX KIMBERA MM 3,382,000 $7,616,715.05
L'OREAL FR OR FP 7,409 $3,254,271.40
LONZA GROUP AG -REG CH LONN SW 11,184 $6,168,996.84
LULULEMON - ADR CA LULU 34,068 $12,988,765.68
MEDTRONIC INC IE MDT 298,436 $24,322,534.00
MERCADOLIBRE INC BR MELI 10,884 $14,936,766.24
NESTLE SA-REGISTERED CH NESN SW 198,033 $23,811,372.91
NOVARTIS AG- REG CH NVS 215,898 $21,693,431.04
RENAISSANCERE HOLDINGS LTD BM RNR 70,913 $13,323,843.57
RENTOKIL INITIAL PLC GB RTO LN 2,326,695 $17,714,226.77
SAMSUNG ELECTRONICS CO LTD KR 005930 KS 384,366 $19,439,790.20
SONY CORP FIRST SECTION JP 6758 JP 145,700 $12,121,148.89
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 212,580 $19,891,110.60
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 945,500 $9,325,168.70
TENCENT HOLDINGS LTD CN 700 HK 422,600 $17,512,698.98
TOKYO ELECTRON LTD JP 8035 JP 68,400 $10,159,155.77
UNILEVER PLC - ADR GB UL 412,096 $21,025,137.92

Investments will change over time.

Distributions

  • Overseas Series Class Z Distribution History
  • 2023 Distribution Calendar
  • 2023 Distributions
  • Tax Letter
  • World Opportunities Merger into Overseas

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.

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