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Manning & Napier High Yield Bond Series Class I MNHAX

Morningstar Medalist Rating
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Medalist Rating as of See Manning & Napier Advisors Inc. Investment Hub
  • NAV / 1-Day Return$9.34  /  −0.11%
  • Fund Size$1.4B
  • Adjusted Expense Ratio0.580%
  • Net Expense Ratio0.580%
  • Fee Level: DistributionBelow Average
  • Share Class TypeInstitutional
  • Morningstar CategoryHigh Yield Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$1M
  • Investment StatusLimited
  • TTM Yield7.27%
  • Average Effective Duration3.05 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis MNHAX

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

  • People Pillar

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

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Morningstar Automated Analysis

Summary

Manning & Napier High Yield Bond I holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

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Portfolio Holdings MNHAX

More MNHAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BNY Dreyfus Govt Cash Mgmt Instl

4.4565M
Corporate

APH Somerset Inv 2 LLC / APH2 Somerset Inv 2 LLC / APH3 Somerset Inv 2 7.87

2.3234M
Corporate

1261229 Bc Ltd. 10%

1.9829M
Corporate

Cash

1.8727M
Cash and Equivalents

Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation 9%

1.8527M
Corporate

Avation Group (S) Pte. Ltd. 8.5%

1.7926M
Corporate

Burford Capital Global Finance LLC 7.5%

1.7525M
Corporate

PRA GROUP INC

1.6824M
Corporate

SLM Corp. 6.495%

1.6123M
Corporate

Stonebriar ABF Issuer LLC 7%

1.5422M
Corporate

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