Morningstar

Manning & Napier Unconstrained Bond Series Class S EXCPX

Morningstar Medalist Rating
Medalist Rating as of | See Manning & Napier Advisors Inc. Investment Hub
  • NAV / 1-Day Return 9.84  /  −0.10 %
  • Total Assets 765.5M
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 4.33%
  • Effective Duration 3.08 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:35 AM GMT+0

Morningstar’s Analysis EXCPX

Will EXCPX outperform in the 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 EXCPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the EXCPX 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 EXCPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Manning & Napier Unconstrained Bond S holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings EXCPX

More EXCPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 2.25%

6.02 46M
Government

United States Treasury Notes 1.375%

5.11 39M
Government

United States Treasury Notes 3.125%

4.39 34M
Government

United States Treasury Notes 4.125%

4.10 32M
Government

BNY Dreyfus Govt Cash Mgmt Instl

3.17 24M
Cash and Equivalents

VanEck JPMorgan EMLcl Ccy Bd ETF

2.11 16M
—

United States Treasury Notes 4.5%

1.16 9M
Government

Alexander Funding Trust II 7.467%

1.12 9M
Corporate

Bourzou Issuer Llc Jamshid Issuer LLC Cristobal Issuer LLC & Copt Dc-6 Issu

1.07 8M
Securitized

SLM Student Loan Trust 3.63179%

0.98 8M
Securitized

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