A sizable, veteran team that focuses on equities and asset allocation backs the Manning & Napier Pro-Blend funds along with a distinctive strategy. Thus, the Max Term and Extended Term funds, which invest most of their assets in stocks, earn Morningstar Analyst Ratings of Silver for their very cheap W shares, Bronze ratings for three other share classes, and a Neutral rating for the most-expensive one. But a small fixed-income team drives a downgrade of the bond-heavy Moderate Term and Conservative Term funds to Neutral across their share classes with the exception of their Bronze-rated W shares.
Will MNBAX 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 MNBAX’s performance objective and investment process is for both security selection and portfolio construction.
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.
The Parent Pillar is our rating of MNBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.