MUBWX – Manning & Napier Unconstrained Bond W Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to provide long-term total return, and its secondary objective is to provide preservation of capital. The fund will invest, under normal circumstances, at least 80% of its assets in bonds and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to bonds. It may invest up to 50% of its assets in below investment grade securities (also referred to as "high yield bonds" or "junk bonds") and may invest up to 50% of its assets in non-U.S. dollar denominated securities, including securities issued by companies located in emerging markets.

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
EXCPX	Manning & Napier Unconstrained Bond Series Class S	No Load	Open			Apr 21, 2005	$4.65M	0.750%	Below Average	$2,000	−$2.27M
MUBWX	Manning & Napier Unconstrained Bond Series Class W	No Load	Open			Mar 1, 2019	$472.02M	0.060%	Low	$0	−$103.67M
MNCPX	Manning & Napier Unconstrained Bond Series Class I	Institutional	Open			Aug 1, 2013	$235.65M	0.490%	Low	$1M	$653,752.74

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