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Morningstar

Manning & Napier High Yield Bond I MNHAX

Morningstar Medalist Rating
Medalist Rating as of | See Manning & Napier Advisors Inc. Investment Hub
  • NAV / 1-Day Return 7.68  /  0.00
  • Total Assets 836.6 Mil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.660%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 8.32%
  • Effective Duration 3.24 years

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:17 AM GMT+0

Morningstar’s Analysis MNHAX

Will MNHAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MNHAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MNHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MNHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A sound investment process and strong management team underpin Manning& Napier High Yield Bond I's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MNHAX

More MNHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Government Cash Mgmt Instl

4.21 35.2 Mil
Cash and Equivalents

Venture Global LNG Inc. 9.5%

2.44 20.4 Mil
Corporate

Ihs Holding Limited 6.25%

2.01 16.9 Mil
Corporate

LCPR Senior Secured Financing Designated Activity Company 6.75%

2.00 16.7 Mil
Corporate

Affinity Gaming 6.875%

1.99 16.6 Mil
Corporate

Navient Corporation 5.625%

1.93 16.1 Mil
Corporate

Summit Midstream Holdings, LLC / Summit Midstream Finance Corp. 9%

1.90 15.9 Mil
Corporate

Full House Resorts Inc. 8.25%

1.88 15.8 Mil
Corporate

Global Infrastructure Solutions Inc. 7.5%

1.85 15.5 Mil
Corporate

PRA Group Inc. 8.375%

1.69 14.1 Mil
Corporate