Morningstar

Manning & Napier Pro-Blend Extended Term Series Class S MNBAX

Morningstar Medalist Rating
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Medalist Rating as of See Manning & Napier Advisors Inc. Investment Hub
  • NAV / 1-Day Return $19.89  /  −0.55 %
  • Fund Size $345.4M
  • Adjusted Expense Ratio 1.030%
  • Net Expense Ratio 1.030%
  • Fee Level: Distribution High
  • Share Class Type No Load
  • Morningstar Category Moderate Allocation
  • Equity Style Box (Funds) Large Blend
  • Fixed-Income Style Box (Funds) —
  • Investment Status Open
  • TTM Yield 2.42%
  • Turnover Ratio 78%
NAV and 1-Day Return as of

Morningstar’s Analysis MNBAX

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

  • People Pillar

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

Another wave of personnel turnover amid a slump means this team’s remaining veterans have to deliver.

Senior Analyst Greg Carlson

Greg Carlson

Senior Analyst

Summary

The Manning & Napier Pro-Blend target-risk series and the identically run Pro-Mix collective investment trust series have struggled of late. Outflows and 2025 investment team departures put the onus on a slim veteran team to stage a rebound.

by Greg Carlson
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Portfolio Holdings MNBAX

More MNBAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

4.28 15M
Technology

Microsoft Corp

4.12 14M
Technology

BNY Dreyfus Govt Cash Mgmt Instl

4.12 14M
Cash and Equivalents

United States Treasury Bonds 3.625%

2.81 10M
Government

United States Treasury Bonds 3%

2.71 9M
Government

United States Treasury Bonds 2.375%

2.60 9M
Government

Amazon.com Inc

2.57 9M
Consumer Cyclical

Mastercard Inc Class A

2.41 8M
Financial Services

Alphabet Inc Class A

2.39 8M
Communication Services

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.36 8M
Technology

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