The Manning & Napier Pro-Blend funds employ a distinctive strategy backed by a veteran team with strengths in equities and asset allocation. The Max Term and Extended Term funds, which invest primarily in stocks, earn Morningstar Analyst Ratings of Gold and Silver, respectively, for their very cheap W shares, Bronze ratings for other share classes, and Neutral ratings for the most-expensive ones. But a small fixed income team causes the bond-heavy Moderate Term and Conservative Term funds to earn Neutral ratings across their share classes with the exception of a Silver for Conservative’s W shares and a Bronze for Moderate’s W shares.
Manning & Napier Pro-Blend Extnd Term L MNECX
NAV / 1-Day Return
9.58
/
0.52
%
Total Assets
698.5 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.
1.770%
Expense Ratio
1.770%
Fee Level
High
Longest Manager Tenure
28.28
years
Category
Allocation--50% to 70% Equity
Investment Style
Large GrowthCredit Quality / Interest Rate Sensitivity
Medium / ModerateStatus
Open
TTM Yield
0.20%
Turnover
66%
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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.
