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Morningstar

Manning & Napier High Yield Bond S MNHYX

Morningstar Medalist Rating
Medalist Rating as of | See Manning & Napier Advisors Inc. Investment Hub
  • NAV / 1-Day Return 9.83  /  0.00
  • Total Assets 876.6 Mil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level Above Average
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield 6.60%
  • Effective Duration 3.37 years

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 12:12 AM GMT+0

Morningstar’s Analysis MNHYX

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

  • People Pillar

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

A sound investment process and strong management team underpin Manning& Napier High Yield Bond S's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MNHYX

More MNHYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 18.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Dreyfus Government Cash Mgmt Instl

3.60 27.9 Mil
Cash and Equivalents

Venture Global LNG Inc. 9.5%

2.42 18.7 Mil
Corporate

Navient Corporation 5.625%

2.01 15.6 Mil
Corporate

New Fortress Energy Inc. 8.75%

1.93 15.0 Mil
Corporate

Affinity Gaming 6.875%

1.92 14.9 Mil
Corporate

Ihs Holding Limited 6.25%

1.92 14.9 Mil
Corporate

Full House Resorts Inc. 8.25%

1.91 14.8 Mil
Corporate

LCPR Senior Secured Financing Designated Activity Company 6.75%

1.90 14.7 Mil
Corporate

Cash

1.73 13.4 Mil
Cash and Equivalents

Westjet Loyalty Lp Term Loan B

1.70 13.2 Mil
Corporate