The Manning & Napier Pro-Blend funds employ a distinctive strategy backed by a veteran team with strengths in equities and asset allocation, but the fixed-income team has also contributed. The cheapest share class for the Max Term and Extended Term funds, which invest primarily in equities, earn Morningstar Analyst Ratings of Gold and Silver, respectively, while the other share classes' ratings range from Bronze to Neutral. The bond-heavy Moderate Term and Conservative Term funds earn upgrades—the W shares of the former now get a Silver instead of Bronze (matching the W shares of Moderate) and other share classes of Moderate and Conservative get a rating upgrade to Bronze from Neutral. The most expensive share classes still earn a Neutral rating.
Morningstar’s Fund Analysis EXBAX
Will EXBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EXBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the EXBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of EXBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.