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.
Manning & Napier Pro-Blend Extnd Term L MNECX
NAV / 1-Day Return
10.03
/
0.40
%
Total Assets
679.6 Mil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.800%
Expense Ratio
1.800%
Fee Level
High
Longest Manager Tenure
27.38
years
Category
Allocation--50% to 70% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
0.17%
Turnover
120%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will MNECX outperform in 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 MNECX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the MNECX 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 MNECX’s parent organization’s priorities and whether they’re in line with investors’ interests.
The equity-heavy funds in this series are still appealing.
