Morningstar

Manning & Napier High Yield Bond Series Class I MNHAX

Medalist Rating as of Sep 30, 2026 See Manning & Napier Advisors Inc. Investment Hub

Strategy

The investment seeks to provide a high level of long-term total return. The fund normally invests at least 80% of its assets in bonds that are rated below investment grade and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to non-investment grade securities. These bonds may include U.S. dollar denominated fixed income securities issued by U.S. and foreign corporations and governments, including those in emerging markets. It may invest a portion of its assets in bank loans, which are, generally, non-investment grade floating rate investments.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MNHYX	Manning & Napier High Yield Bond Series Class S	No Load	Limited			Sep 14, 2009	$156.65M	0.880%	Above Average	$2,000	−$41.08M
MHYWX	Manning & Napier High Yield Bond Series Class W	No Load	Limited			Mar 1, 2019	$2.74M	0.110%	Low	$0	−$4.08M
MNHAX	Manning & Napier High Yield Bond Series Class I	Institutional	Limited			Aug 1, 2012	$1.16B	0.580%	Below Average	$1M	−$3.18M
MHYZX	Manning & Napier High Yield Bond Series Class Z	Institutional	Limited			Mar 1, 2019	$116.32M	0.460%	Low	$1M	−$2.15M

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