Morningstar

Manning & Napier Diversified Tax Exempt Series Fund Class A EXDVX

Morningstar Medalist Rating
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Medalist Rating as of See Manning & Napier Advisors Inc. Investment Hub
  • NAV / 1-Day Return $10.24  /  −0.10 %
  • Fund Size $158.0M
  • Adjusted Expense Ratio 0.430%
  • Net Expense Ratio 0.470%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) High/Moderate
  • Minimum Initial Investment $2,000
  • Investment Status Open
  • TTM Yield 2.81%
  • Average Effective Duration 5.38 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis EXDVX

Will EXDVX 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 EXDVX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Manning & Napier Diversified TE Series A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings EXDVX

More EXDVX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NEW YORK ST URBAN DEV CORP REV 5.25%

3.34 5M
municipal

MASSACHUSETTS ST 5%

3.21 5M
municipal

iShares National Muni Bond ETF

2.83 4M
—

WASHINGTON ST 5%

2.81 4M
municipal

CLARK CNTY NEV 5%

2.63 4M
municipal

BROWARD CNTY FLA WTR & SWR UTIL REV 5%

2.60 4M
municipal

WASHINGTON ST 5%

2.45 4M
municipal

NEW YORK N Y CITY MUN WTR FIN AUTH WTR & SWR SYS REV 5%

2.26 4M
municipal

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5%

2.23 3M
municipal

FOND DU LAC WIS 5%

1.70 3M
municipal

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