Mutual Funds

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

$31.49

Daily $ Change

$0.49

Daily % Change

1.56%

as of 04/23/2024

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 03/31/2024

YTD

1.75%

1 Year

10.27%

3 Year

-0.42%

5 Year

8.11%

10 Year

4.16%

Inception
(05/01/2018)

7.37%

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 0.73%
Net 0.66%*

*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 03/31/2024

TAIWAN SEMICONDUCTOR - SP ADR 5.21%
ASTRAZENECA 5.18%
SAMSUNG ELECTRONICS CO LTD 4.35%
CANADIAN NATIONAL RAILWAY CO 3.97%
DEUTSCHE BOERSE AG 3.73%
HDFC BANK LTD-ADR 3.68%
ADMIRAL GROUP PLC 3.46%
HEINEKEN NV 3.43%
TECHTRONIC INDUSTRIES CO LTD 3.34%
NOVARTIS AG- REG 3.33%

Top Ten Investments list is unaudited and excludes cash

Country Allocation

As of 03/31/2024

United Kingdom
19.14%
Switzerland
11.81%
Germany
7.66%
Netherlands
6.72%
France
6.17%
Canada
5.58%
Ireland
5.48%
Taiwan
5.21%
Japan
4.73%
South Korea
4.35%
Australia
4.05%
India
3.68%
Hong Kong
3.34%
China
2.75%
Brazil
2.62%
New Zealand
1.79%
Luxembourg
1.73%
Spain
1.12%
Italy
1.09%
Sweden
0.98%

Sector Allocation

As of 03/31/2024

Communication Services
5.82%
Consumer Discretionary
6.76%
Consumer Staples
10.82%
Financials
15.10%
Health Care
16.06%
Industrials
23.03%
Information Technology
19.87%
Materials
2.54%

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 605,437 $21,697,491.22
AIR LIQUIDE FR AI FP 76,750 $15,967,737.78
AIRBUS SE FR AIR FP 104,405 $19,234,408.84
ALCON INC CH ALC 188,727 $15,719,071.83
ASTRAZENECA GB AZN 480,026 $32,521,761.50
ATLASSIAN CORP PLC-CLASS A AU TEAM 61,641 $12,026,775.51
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 2,251,008 $11,229,620.49
AUTO TRADER GROUP PLC GB AUTO LN 1,377,534 $12,164,884.20
AVANZA BANK HOLDING AB SE AZA SS 285,904 $6,163,234.40
BAE SYSTEMS PLC GB BA/ LN 813,640 $13,868,841.95
BEIERSDORF AG DE BEI GR 118,566 $17,262,874.00
BRENNTAG AG DE BNR GR 87,900 $7,408,303.64
CANADIAN NATIONAL RAILWAY CO CA CNI 189,110 $24,907,678.10
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 399,688 $7,042,502.56
CLEANAWAY WASTE MANAGEMENT AU CWY AU 7,543,825 $13,366,693.73
DEUTSCHE BOERSE AG DE DB1 GR 114,319 $23,411,382.19
DIAGEO PLC GB DGE LN 174,292 $6,449,190.81
DOLLARAMA INC CA DOL CN 132,805 $10,117,122.25
DREYFUS GVT CSH MANAGEMENT US 33,251,621.39 $33,251,621.39
EXPERIAN PLC IE EXPN LN 297,434 $12,960,077.04
FINECOBANK SPA IT FBK IM 457,557 $6,852,739.00
GLOBANT SA LU GLOB 53,899 $10,882,208.10
HALMA PLC GB HLMA LN 664,615 $19,845,656.55
HDFC BANK LTD-ADR IN HDB 412,497 $23,087,457.09
HEINEKEN NV NL HEIA NA 223,495 $21,546,625.32
IMCD NV NL IMCD NA 117,171 $20,623,278.15
INTERMEDIATE CAPITAL GROUP GB ICP LN 522,720 $13,539,224.30
KEYENCE CORP JP 6861 JP 29,800 $13,834,975.35
KEYWORDS STUDIOS PLC IE KWS LN 494,567 $8,127,314.96
L'OREAL FR OR FP 7,409 $3,508,692.42
LONZA GROUP AG -REG CH LONN SW 30,767 $18,386,314.54
MEDTRONIC INC IE MDT 152,701 $13,307,892.15
MERCADOLIBRE INC BR MELI 10,884 $16,456,172.64
NESTLE SA-REGISTERED CH NESN SW 180,245 $19,151,023.76
NOVARTIS AG- REG CH NVS 215,898 $20,883,813.54
SAMSUNG ELECTRONICS CO LTD KR 005930 KS 454,082 $27,289,198.68
SONY CORP FIRST SECTION JP 6758 JP 185,100 $15,872,460.11
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 240,222 $32,682,203.10
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 1,542,000 $20,952,488.31
TENCENT HOLDINGS LTD CN 700 HK 443,900 $17,289,880.05

Investments will change over time.

Distributions

  • Overseas Series Class Z Distribution History
  • 2024 Distribution Calendar
  • 2024 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

$31.49

Daily $ Change

$0.49

Daily % Change

1.56%

as of 04/23/2024

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 03/31/2024

YTD

1.75%

1 Year

10.27%

3 Year

-0.42%

5 Year

8.11%

10 Year

4.16%

Inception
(05/01/2018)

7.37%

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 0.73%
Net 0.66%*

*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 03/31/2024

TAIWAN SEMICONDUCTOR - SP ADR 5.21%
ASTRAZENECA 5.18%
SAMSUNG ELECTRONICS CO LTD 4.35%
CANADIAN NATIONAL RAILWAY CO 3.97%
DEUTSCHE BOERSE AG 3.73%
HDFC BANK LTD-ADR 3.68%
ADMIRAL GROUP PLC 3.46%
HEINEKEN NV 3.43%
TECHTRONIC INDUSTRIES CO LTD 3.34%
NOVARTIS AG- REG 3.33%

Top Ten Investments list is unaudited and excludes cash

Country Allocation

As of 03/31/2024

United Kingdom
19.14%
Switzerland
11.81%
Germany
7.66%
Netherlands
6.72%
France
6.17%
Canada
5.58%
Ireland
5.48%
Taiwan
5.21%
Japan
4.73%
South Korea
4.35%
Australia
4.05%
India
3.68%
Hong Kong
3.34%
China
2.75%
Brazil
2.62%
New Zealand
1.79%
Luxembourg
1.73%
Spain
1.12%
Italy
1.09%
Sweden
0.98%

Sector Allocation

As of 03/31/2024

Communication Services
5.82%
Consumer Discretionary
6.76%
Consumer Staples
10.82%
Financials
15.10%
Health Care
16.06%
Industrials
23.03%
Information Technology
19.87%
Materials
2.54%

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 605,437 $21,697,491.22
AIR LIQUIDE FR AI FP 76,750 $15,967,737.78
AIRBUS SE FR AIR FP 104,405 $19,234,408.84
ALCON INC CH ALC 188,727 $15,719,071.83
ASTRAZENECA GB AZN 480,026 $32,521,761.50
ATLASSIAN CORP PLC-CLASS A AU TEAM 61,641 $12,026,775.51
AUCKLAND INTL AIRPORT LTD NZ AIA NZ 2,251,008 $11,229,620.49
AUTO TRADER GROUP PLC GB AUTO LN 1,377,534 $12,164,884.20
AVANZA BANK HOLDING AB SE AZA SS 285,904 $6,163,234.40
BAE SYSTEMS PLC GB BA/ LN 813,640 $13,868,841.95
BEIERSDORF AG DE BEI GR 118,566 $17,262,874.00
BRENNTAG AG DE BNR GR 87,900 $7,408,303.64
CANADIAN NATIONAL RAILWAY CO CA CNI 189,110 $24,907,678.10
CELLNEX TELECOM SAU-UNSP ADR ES CLLNY 399,688 $7,042,502.56
CLEANAWAY WASTE MANAGEMENT AU CWY AU 7,543,825 $13,366,693.73
DEUTSCHE BOERSE AG DE DB1 GR 114,319 $23,411,382.19
DIAGEO PLC GB DGE LN 174,292 $6,449,190.81
DOLLARAMA INC CA DOL CN 132,805 $10,117,122.25
DREYFUS GVT CSH MANAGEMENT US 33,251,621.39 $33,251,621.39
EXPERIAN PLC IE EXPN LN 297,434 $12,960,077.04
FINECOBANK SPA IT FBK IM 457,557 $6,852,739.00
GLOBANT SA LU GLOB 53,899 $10,882,208.10
HALMA PLC GB HLMA LN 664,615 $19,845,656.55
HDFC BANK LTD-ADR IN HDB 412,497 $23,087,457.09
HEINEKEN NV NL HEIA NA 223,495 $21,546,625.32
IMCD NV NL IMCD NA 117,171 $20,623,278.15
INTERMEDIATE CAPITAL GROUP GB ICP LN 522,720 $13,539,224.30
KEYENCE CORP JP 6861 JP 29,800 $13,834,975.35
KEYWORDS STUDIOS PLC IE KWS LN 494,567 $8,127,314.96
L'OREAL FR OR FP 7,409 $3,508,692.42
LONZA GROUP AG -REG CH LONN SW 30,767 $18,386,314.54
MEDTRONIC INC IE MDT 152,701 $13,307,892.15
MERCADOLIBRE INC BR MELI 10,884 $16,456,172.64
NESTLE SA-REGISTERED CH NESN SW 180,245 $19,151,023.76
NOVARTIS AG- REG CH NVS 215,898 $20,883,813.54
SAMSUNG ELECTRONICS CO LTD KR 005930 KS 454,082 $27,289,198.68
SONY CORP FIRST SECTION JP 6758 JP 185,100 $15,872,460.11
TAIWAN SEMICONDUCTOR - SP ADR TW TSM 240,222 $32,682,203.10
TECHTRONIC INDUSTRIES CO LTD HK 669 HK 1,542,000 $20,952,488.31
TENCENT HOLDINGS LTD CN 700 HK 443,900 $17,289,880.05

Investments will change over time.

Distributions

  • Overseas Series Class Z Distribution History
  • 2024 Distribution Calendar
  • 2024 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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