Morningstar

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 $9.41  /  −0.32 %
  • Fund Size $1.5B
  • Adjusted Expense Ratio 0.580%
  • Net Expense Ratio 0.580%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $1M
  • Investment Status Limited
  • TTM Yield 7.18%
  • Average Effective Duration 3.10 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.

null Morningstar Automated Analysis

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.

by Morningstar Automated Analysis
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Portfolio Holdings MNHAX

More MNHAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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

2.33 34M
Corporate

1261229 Bc Ltd. 10%

1.93 29M
Corporate

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

1.87 28M
Corporate

Us Dollar

1.81 27M
Cash and Equivalents

Burford Capital Global Finance LLC 7.5%

1.72 26M
Corporate

SLM Corp. 6.495%

1.70 25M
Corporate

Avation Group (S) Pte. Ltd. 8.5%

1.66 25M
Corporate

Jefferies Finance LLC/JFIN Co-Issuer Corp 5%

1.49 22M
Corporate

OFFICE PROPERTIES INCOME TRUST/MD

1.48 22M
Corporate

Nickel Industries Ltd. 9%

1.48 22M
Corporate

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