Mutual Funds

Rainier International Discovery Series

Investment Objective

To provide investors with long-term capital appreciation by investing primarily in the common stock of small- to mid-capitalization companies located outside the U.S.

Investment Strategy

The Series is primarily invested in the common stock of small- and mid-capitalization companies traded outside the U.S. Rainier typically selects investments that fall within the market capitalization range of the MSCI ACWI ex USA Small Cap Index at the time of purchase. The Team will invest in any type of company whether it is in the index or not, as long as it is within the market cap range and fits the investment objectives. To control risk, extreme overweighting or underweighting of the Series relative to the Index is normally avoided.

Investment decisions are based on fundamental analysis, which emphasizes bottom-up stock selection of companies that exhibit strong growth, clear key earnings drivers and attractive valuations. The investment team evaluates companies across all sectors and regions using this growth and valuation criteria.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept the risk of investing in foreign equity securities
  • Seeking to diversify a portfolio by adding a foreign equity component

Daily Price

$28.30

Daily $ Change

-$0.26

Daily % Change

-0.92%

as of 07/11/2025

Ticker

RAIIX

CUSIP

56382R688

Inception Date

03/28/2012

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
Proxy Voting Record
Applications & Forms
Fact Sheet
N-Port Part F Reports
Financial Statements and Other Information

Performance

As of 06/30/2025

YTD

24.06%

1 Year

21.17%

3 Year

10.46%

5 Year

7.66%

10 Year

7.43%

Inception
(03/28/2012)

10.09%

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.

For periods prior to 08/21/2017, performance for Class I is based on the historical performance of the Institutional Shares of the Rainier International Discovery Fund (Predecessor Fund), which was managed by Rainier Investment Management, LLC and reorganized into the Manning & Napier Fund, Inc. Rainier International Discovery Series Class I on 08/21/2017. Performance for the Class I shares will differ to the extent that the Predecessor Fund’s Institutional Shares had a higher expense ratio.

Expense Ratio

Gross 1.16%

*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 06/30/2025

BABCOCK INTL GROUP ORD GBP0.60 3.22%
SAAB AB NPV B 3.04%
EURONEXT EUR1.60 2.92%
DEFINITY FINL CORP COM NPV 2.77%
JAPAN ELEVATOR SER NPV 2.28%
SCOUT24 AG NPV 2.23%
ELEMENT FLEET MGMT COM NPV 2.07%
SWISSQUOTE GP HLDG CHF0.20 (REGD) 2.05%
ALK-ABELLO A/S SERBDKK0.50 2.03%
ST JAMES'S PLACE ORD GBP0.15 1.84%

Top Ten Investments list is unaudited and excludes cash.

Country Allocation

As of 06/30/2025

Japan
19.79%
United Kingdom
13.98%
Canada
12.14%
Sweden
8.76%
India
8.58%
Germany
5.45%
Denmark
5.22%
South Korea
4.16%
Netherlands
3.57%
Australia
3.31%
China
3.12%
France
2.31%
Switzerland
2.05%
Taiwan
1.72%
Italy
1.40%
Finland
1.16%
Austria
0.97%
Greece
0.79%
Israel
0.75%
Mexico
0.41%
Poland
0.36%
Malaysia
0.00%

Sector Allocation

As of 06/30/2025

Industrials
29.88%
Financials
19.86%
Information Technology
16.69%
Communication Services
10.35%
Consumer Discretionary
7.30%
Materials
5.48%
Health Care
4.47%
Consumer Staples
2.30%
Energy
1.63%
Real Estate
1.10%
Utilities
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)
360 ONE WAM LTD INR1(POST SUBD) IN 323,562 $4,502,552.36
AAC TECHNOLOGIES H USD0.01 HK 498,500 $2,584,579.62
ALK-ABELLO A/S SERBDKK0.50 DK 302,514 $8,895,790.71
ALS LIMITED NPV AU 371,988 $4,168,677.94
ALTIUS MINERALS CO COM NPV CA 172,419 $3,459,752.45
ASPEED TECHNOLOGY TWD10 TW 29,000 $4,710,564.15
AUTO TRADER GROUP ORD GBP1.50 GB 377,650 $4,266,374.51
AUTO1 GRP NPV DE 136,315 $4,377,965.60
BABCOCK INTL GROUP ORD GBP0.60 GB 895,696 $14,090,747.32
BAYCURRENT CONSULT NPV JP 85,300 $4,381,778.53
BE SEMICONDUCTOR EUR0.01 NL 19,218 $2,866,127.21
BRUNELLO CUCINELLI NPV IT 50,400 $6,105,522.53
BUDIMEX SA PLN5.00 PL 10,139 $1,563,320.87
CARTRADE TECH LTD INR10 IN 143,267 $2,851,474.37
CELESTICA INC COM NPV CA 43,781 $6,826,563.25
CELLEBRITE DI LTD ORDINARY SHARES US CLBT 39,858 $637,728.00
CLASSYS INC KRW100 KR 65,912 $3,062,153.53
CLOUD MUSIC INC USD0.0001 HK 111,800 $3,432,331.21
COSMAX INC KRW500 KR 25,197 $5,218,258.38
COWELL E HOLDINGS USD0.004 HK 928,743 $3,223,980.48
CTS EVENTIM NPV DE 55,970 $6,924,820.53
DAIEI KANKYO CO LT NPV JP 239,000 $5,228,564.51
DEFINITY FINL CORP COM NPV CA 208,296 $12,116,125.70
DESCARTES SYSTEMS COM NPV CA 42,964 $4,355,595.54
DIPLOMA ORD GBP0.05 GB 110,014 $7,369,035.64
ELEMENT FLEET MGMT COM NPV CA 363,213 $9,079,659.53
EMEMORY TECHNOLOGY TWD10 TW 35,000 $2,827,605.09
EURONEXT EUR1.60 FR 74,912 $12,759,433.97
FLSMIDTH N CO. A/S DK 71,326 $4,342,987.82
FUKUOKA FINANCIAL GROUP JP 229,800 $6,136,166.71
FUSO CHEMICAL CO NPV JP 125,200 $3,354,384.02
GRAVITA INDIA LTD INR2 IN 152,822 $3,346,277.90
GRUMA SAB DE CV SER'B' NPV MX 104,671 $1,793,845.53
GTT EUR0.01 FR 36,048 $7,117,373.72
HALMA ORD GBP0.10 GB 152,143 $6,671,653.12
HELIOS TOWERS PLC ORD GBP0.01 GB 1,666,981 $2,777,766.46
HEMNET GROUP AB NPV SE 82,967 $2,407,944.28
HOWDEN JOINERY GR ORD GBP0.10 GB 532,886 $6,250,857.23
HYOSUNG HEAVY INDU KRW5000 KR 6,978 $4,606,844.99
INDIAN HOTELS INR1 (POST SUBDIVISION) IN 246,823 $2,187,906.30
INSOURCE CO LTD NPV JP 409,300 $2,816,602.86
INTERMED CAP GRP ORD GBP0.2625 GB 92,994 $2,456,933.84
INTERNET INITIATIV NPV JP 210,500 $4,143,109.83
JAPAN ELEVATOR SER NPV JP 346,500 $9,967,167.43
JAPAN STEEL WORKS JP 132,700 $7,598,474.85
JBCC HOLDINGS INC NPV JP 308,000 $2,876,472.01
JUMBO SA EUR0.88 GR 100,264 $3,448,460.46
KAYNES TECHNOLOGY INR10 IN 42,407 $3,015,540.21
Kfin Technologies Ltd. INR10 IN 235,961 $3,708,901.91
KINAXIS INC COM NPV CA 34,390 $5,104,186.74
KINGDEE INTL SOFTW HKD0.025 HK 2,245,000 $4,415,643.31
KONECRANES OYJ NPV FI 64,077 $5,065,850.57
KRONES AG ORD NPV DE 17,088 $2,808,224.83
KYOTO FINANCIAL GR NPV JP 360,800 $6,449,413.96
L.T. FOODS LTD INR1 IN 541,310 $3,069,485.23
LAGERCRANTZ GROUP AB-B SHS LAGRB SE0014990966 SE 331,175 $7,908,947.16
MAX HEALTHCARE INS INR10 IN 285,103 $4,239,311.40
MITSUI ENG N SHIPBUILDING JP 197,300 $3,892,865.80
MNC SOLUTION CO LT KRW100 KR 23,665 $2,638,991.18
MULTI COMMODITY EX INR10 IN 54,211 $5,654,543.59
MUNTERS GROUP AB NPV SE 112,741 $1,633,670.37
NETCOMPANY GROUP DKK1 DK 54,372 $2,309,770.60
NEXT VISION STABIL NPV IL 71,115 $2,654,537.64
NHPC LTD INR10 IN 4,117,903 $4,120,303.83
NIKON CORP JP 309,100 $3,167,073.97
NOMURA REAL ESTATE HOLDINGS JP 678,600 $3,964,157.15
NORDNET AB NPV SE 259,866 $7,007,634.73
OR Royalties Inc. COM CA 221,763 $5,688,314.40
OXFORD INSTRUMENTS ORD GBP0.05 GB 72,532 $1,884,514.53
PAL GROUP HOLDINGS NPV JP 86,700 $2,163,823.60
PHOENIX MILLS INR2 IN 47,656 $868,460.58
PRO MEDICUS NPV AU 18,038 $3,369,988.64
RIGHTMOVE ORD GBP0.001 GB 679,652 $7,344,713.78
RINGKJOBING LNDOBK DKK1 DK 33,507 $7,317,366.19
RINNAI CORP JP 112,712 $2,792,732.51
SAAB AB NPV B SE 240,516 $13,314,891.46
SCOUT24 AG NPV DE 70,929 $9,749,746.78
SOJITZ JP 206,500 $5,067,967.05
SOPRA STERIA GROUP EUR1.00 FR 12,282 $2,981,482.27
SSAB AB SE 662,138 $3,882,341.92
ST JAMES'S PLACE ORD GBP0.15 GB 497,058 $8,064,738.21
STEADFAST GROUP LI NPV AU 450,471 $1,774,249.18
SWCC SHOWA HOLDING NPV JP 119,200 $6,222,216.07
SWISSQUOTE GP HLDG CHF0.20 (REGD) CH 15,896 $8,974,450.25
TECHNOLOGY ONE NPV AU 192,327 $5,168,961.89
TFI INTERNATIONAL COM NPV CA 27,341 $2,449,368.88
THK JP 81,000 $2,162,878.60
THULE GROUP AB NPV SE 75,991 $2,168,802.15
TOROMONT INDUSTRIE COM STK NPV CA 45,302 $4,063,401.82
U-NEXT HOLDINGS CO NPV JP 266,700 $4,244,821.90
US DOLLARS US USD 12,011,440.61 $12,011,440.61
WIENERBERGER AG NPV AT 114,305 $4,242,674.34
WOONGJIN COWAY KR 37,346 $2,678,640.19

Investments will change over time.

Distributions

  • 2025 Distribution Calendar
  • 2025 Distributions
  • 2024 Distributions
  • 2023 Distributions
  • 2022 Distributions
  • 2021 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. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Funds whose investments are concentrated in foreign and emerging market 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. Additionally, the Series is subject to portfolio turnover risk as it may buy and sell investments frequently, which may result in higher expenses and an increase in realized capital gains and potential tax implications for shareholders.

Daily Price

$28.30

Daily $ Change

-$0.26

Daily % Change

-0.92%

as of 07/11/2025

Ticker

RAIIX

CUSIP

56382R688

Inception Date

03/28/2012

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
Proxy Voting Record
Applications & Forms
Fact Sheet
N-Port Part F Reports
Financial Statements and Other Information

Investment Objective

To provide investors with long-term capital appreciation by investing primarily in the common stock of small- to mid-capitalization companies located outside the U.S.

Investment Strategy

The Series is primarily invested in the common stock of small- and mid-capitalization companies traded outside the U.S. Rainier typically selects investments that fall within the market capitalization range of the MSCI ACWI ex USA Small Cap Index at the time of purchase. The Team will invest in any type of company whether it is in the index or not, as long as it is within the market cap range and fits the investment objectives. To control risk, extreme overweighting or underweighting of the Series relative to the Index is normally avoided.

Investment decisions are based on fundamental analysis, which emphasizes bottom-up stock selection of companies that exhibit strong growth, clear key earnings drivers and attractive valuations. The investment team evaluates companies across all sectors and regions using this growth and valuation criteria.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept the risk of investing in foreign equity securities
  • Seeking to diversify a portfolio by adding a foreign equity component

Performance

As of 06/30/2025

YTD

24.06%

1 Year

21.17%

3 Year

10.46%

5 Year

7.66%

10 Year

7.43%

Inception
(03/28/2012)

10.09%

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.

For periods prior to 08/21/2017, performance for Class I is based on the historical performance of the Institutional Shares of the Rainier International Discovery Fund (Predecessor Fund), which was managed by Rainier Investment Management, LLC and reorganized into the Manning & Napier Fund, Inc. Rainier International Discovery Series Class I on 08/21/2017. Performance for the Class I shares will differ to the extent that the Predecessor Fund’s Institutional Shares had a higher expense ratio.

Expense Ratio

Gross 1.16%

*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 06/30/2025

BABCOCK INTL GROUP ORD GBP0.60 3.22%
SAAB AB NPV B 3.04%
EURONEXT EUR1.60 2.92%
DEFINITY FINL CORP COM NPV 2.77%
JAPAN ELEVATOR SER NPV 2.28%
SCOUT24 AG NPV 2.23%
ELEMENT FLEET MGMT COM NPV 2.07%
SWISSQUOTE GP HLDG CHF0.20 (REGD) 2.05%
ALK-ABELLO A/S SERBDKK0.50 2.03%
ST JAMES'S PLACE ORD GBP0.15 1.84%

Top Ten Investments list is unaudited and excludes cash.

Country Allocation

As of 06/30/2025

Japan
19.79%
United Kingdom
13.98%
Canada
12.14%
Sweden
8.76%
India
8.58%
Germany
5.45%
Denmark
5.22%
South Korea
4.16%
Netherlands
3.57%
Australia
3.31%
China
3.12%
France
2.31%
Switzerland
2.05%
Taiwan
1.72%
Italy
1.40%
Finland
1.16%
Austria
0.97%
Greece
0.79%
Israel
0.75%
Mexico
0.41%
Poland
0.36%
Malaysia
0.00%

Sector Allocation

As of 06/30/2025

Industrials
29.88%
Financials
19.86%
Information Technology
16.69%
Communication Services
10.35%
Consumer Discretionary
7.30%
Materials
5.48%
Health Care
4.47%
Consumer Staples
2.30%
Energy
1.63%
Real Estate
1.10%
Utilities
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)
360 ONE WAM LTD INR1(POST SUBD) IN 323,562 $4,502,552.36
AAC TECHNOLOGIES H USD0.01 HK 498,500 $2,584,579.62
ALK-ABELLO A/S SERBDKK0.50 DK 302,514 $8,895,790.71
ALS LIMITED NPV AU 371,988 $4,168,677.94
ALTIUS MINERALS CO COM NPV CA 172,419 $3,459,752.45
ASPEED TECHNOLOGY TWD10 TW 29,000 $4,710,564.15
AUTO TRADER GROUP ORD GBP1.50 GB 377,650 $4,266,374.51
AUTO1 GRP NPV DE 136,315 $4,377,965.60
BABCOCK INTL GROUP ORD GBP0.60 GB 895,696 $14,090,747.32
BAYCURRENT CONSULT NPV JP 85,300 $4,381,778.53
BE SEMICONDUCTOR EUR0.01 NL 19,218 $2,866,127.21
BRUNELLO CUCINELLI NPV IT 50,400 $6,105,522.53
BUDIMEX SA PLN5.00 PL 10,139 $1,563,320.87
CARTRADE TECH LTD INR10 IN 143,267 $2,851,474.37
CELESTICA INC COM NPV CA 43,781 $6,826,563.25
CELLEBRITE DI LTD ORDINARY SHARES US CLBT 39,858 $637,728.00
CLASSYS INC KRW100 KR 65,912 $3,062,153.53
CLOUD MUSIC INC USD0.0001 HK 111,800 $3,432,331.21
COSMAX INC KRW500 KR 25,197 $5,218,258.38
COWELL E HOLDINGS USD0.004 HK 928,743 $3,223,980.48
CTS EVENTIM NPV DE 55,970 $6,924,820.53
DAIEI KANKYO CO LT NPV JP 239,000 $5,228,564.51
DEFINITY FINL CORP COM NPV CA 208,296 $12,116,125.70
DESCARTES SYSTEMS COM NPV CA 42,964 $4,355,595.54
DIPLOMA ORD GBP0.05 GB 110,014 $7,369,035.64
ELEMENT FLEET MGMT COM NPV CA 363,213 $9,079,659.53
EMEMORY TECHNOLOGY TWD10 TW 35,000 $2,827,605.09
EURONEXT EUR1.60 FR 74,912 $12,759,433.97
FLSMIDTH N CO. A/S DK 71,326 $4,342,987.82
FUKUOKA FINANCIAL GROUP JP 229,800 $6,136,166.71
FUSO CHEMICAL CO NPV JP 125,200 $3,354,384.02
GRAVITA INDIA LTD INR2 IN 152,822 $3,346,277.90
GRUMA SAB DE CV SER'B' NPV MX 104,671 $1,793,845.53
GTT EUR0.01 FR 36,048 $7,117,373.72
HALMA ORD GBP0.10 GB 152,143 $6,671,653.12
HELIOS TOWERS PLC ORD GBP0.01 GB 1,666,981 $2,777,766.46
HEMNET GROUP AB NPV SE 82,967 $2,407,944.28
HOWDEN JOINERY GR ORD GBP0.10 GB 532,886 $6,250,857.23
HYOSUNG HEAVY INDU KRW5000 KR 6,978 $4,606,844.99
INDIAN HOTELS INR1 (POST SUBDIVISION) IN 246,823 $2,187,906.30
INSOURCE CO LTD NPV JP 409,300 $2,816,602.86
INTERMED CAP GRP ORD GBP0.2625 GB 92,994 $2,456,933.84
INTERNET INITIATIV NPV JP 210,500 $4,143,109.83
JAPAN ELEVATOR SER NPV JP 346,500 $9,967,167.43
JAPAN STEEL WORKS JP 132,700 $7,598,474.85
JBCC HOLDINGS INC NPV JP 308,000 $2,876,472.01
JUMBO SA EUR0.88 GR 100,264 $3,448,460.46
KAYNES TECHNOLOGY INR10 IN 42,407 $3,015,540.21
Kfin Technologies Ltd. INR10 IN 235,961 $3,708,901.91
KINAXIS INC COM NPV CA 34,390 $5,104,186.74
KINGDEE INTL SOFTW HKD0.025 HK 2,245,000 $4,415,643.31
KONECRANES OYJ NPV FI 64,077 $5,065,850.57
KRONES AG ORD NPV DE 17,088 $2,808,224.83
KYOTO FINANCIAL GR NPV JP 360,800 $6,449,413.96
L.T. FOODS LTD INR1 IN 541,310 $3,069,485.23
LAGERCRANTZ GROUP AB-B SHS LAGRB SE0014990966 SE 331,175 $7,908,947.16
MAX HEALTHCARE INS INR10 IN 285,103 $4,239,311.40
MITSUI ENG N SHIPBUILDING JP 197,300 $3,892,865.80
MNC SOLUTION CO LT KRW100 KR 23,665 $2,638,991.18
MULTI COMMODITY EX INR10 IN 54,211 $5,654,543.59
MUNTERS GROUP AB NPV SE 112,741 $1,633,670.37
NETCOMPANY GROUP DKK1 DK 54,372 $2,309,770.60
NEXT VISION STABIL NPV IL 71,115 $2,654,537.64
NHPC LTD INR10 IN 4,117,903 $4,120,303.83
NIKON CORP JP 309,100 $3,167,073.97
NOMURA REAL ESTATE HOLDINGS JP 678,600 $3,964,157.15
NORDNET AB NPV SE 259,866 $7,007,634.73
OR Royalties Inc. COM CA 221,763 $5,688,314.40
OXFORD INSTRUMENTS ORD GBP0.05 GB 72,532 $1,884,514.53
PAL GROUP HOLDINGS NPV JP 86,700 $2,163,823.60
PHOENIX MILLS INR2 IN 47,656 $868,460.58
PRO MEDICUS NPV AU 18,038 $3,369,988.64
RIGHTMOVE ORD GBP0.001 GB 679,652 $7,344,713.78
RINGKJOBING LNDOBK DKK1 DK 33,507 $7,317,366.19
RINNAI CORP JP 112,712 $2,792,732.51
SAAB AB NPV B SE 240,516 $13,314,891.46
SCOUT24 AG NPV DE 70,929 $9,749,746.78
SOJITZ JP 206,500 $5,067,967.05
SOPRA STERIA GROUP EUR1.00 FR 12,282 $2,981,482.27
SSAB AB SE 662,138 $3,882,341.92
ST JAMES'S PLACE ORD GBP0.15 GB 497,058 $8,064,738.21
STEADFAST GROUP LI NPV AU 450,471 $1,774,249.18
SWCC SHOWA HOLDING NPV JP 119,200 $6,222,216.07
SWISSQUOTE GP HLDG CHF0.20 (REGD) CH 15,896 $8,974,450.25
TECHNOLOGY ONE NPV AU 192,327 $5,168,961.89
TFI INTERNATIONAL COM NPV CA 27,341 $2,449,368.88
THK JP 81,000 $2,162,878.60
THULE GROUP AB NPV SE 75,991 $2,168,802.15
TOROMONT INDUSTRIE COM STK NPV CA 45,302 $4,063,401.82
U-NEXT HOLDINGS CO NPV JP 266,700 $4,244,821.90
US DOLLARS US USD 12,011,440.61 $12,011,440.61
WIENERBERGER AG NPV AT 114,305 $4,242,674.34
WOONGJIN COWAY KR 37,346 $2,678,640.19

Investments will change over time.

Distributions

  • 2025 Distribution Calendar
  • 2025 Distributions
  • 2024 Distributions
  • 2023 Distributions
  • 2022 Distributions
  • 2021 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. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Funds whose investments are concentrated in foreign and emerging market 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. Additionally, the Series is subject to portfolio turnover risk as it may buy and sell investments frequently, which may result in higher expenses and an increase in realized capital gains and potential tax implications for shareholders.

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