Manning & Napier Unconstrained Bond Series (EXCPX)
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.
Fund Info
US5638212069
563821206
Apr 20, 2005
$2,000
Expense Ratio
EXCPX has an expense ratio of 0.72%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Manning & Napier Unconstrained Bond Series (EXCPX) returned 1.46% year-to-date (YTD) and 5.70% over the past 12 months. Over the past 10 years, EXCPX returned 2.10% annually, underperforming the S&P 500 benchmark at 10.85%.
EXCPX
1.46%
-0.80%
1.32%
5.70%
3.23%
2.41%
2.10%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of EXCPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.66% | 1.17% | 0.33% | 0.10% | -0.80% | 1.46% | |||||||
| 2024 | 0.18% | -0.58% | 0.34% | -0.85% | 1.12% | 0.96% | 1.25% | 1.44% | 0.99% | -1.00% | 0.52% | -0.34% | 4.07% |
| 2023 | 1.72% | -1.04% | 1.34% | 0.51% | -0.42% | -0.55% | 0.71% | 0.52% | -0.72% | 0.01% | 1.70% | 2.11% | 5.98% |
| 2022 | -1.04% | -1.14% | -2.04% | -1.09% | -0.00% | -1.55% | 0.71% | -0.51% | -1.46% | -0.41% | 0.94% | 0.71% | -6.71% |
| 2021 | 0.55% | -0.18% | -0.15% | 0.92% | 0.82% | 0.23% | 0.36% | 0.09% | -0.24% | 0.36% | -0.36% | -2.62% | -0.27% |
| 2020 | 0.19% | -0.29% | -4.38% | 2.21% | 1.77% | 1.83% | 2.39% | 0.65% | 0.05% | 0.28% | 1.77% | 0.97% | 7.53% |
| 2019 | 1.08% | 0.49% | 0.16% | 0.48% | 0.10% | 0.66% | 0.19% | 0.19% | 0.12% | 0.38% | 0.29% | 0.78% | 5.02% |
| 2018 | -0.19% | -0.48% | 0.13% | -0.19% | 0.19% | 0.07% | 0.29% | 0.39% | 0.06% | -0.49% | -0.00% | 0.37% | 0.15% |
| 2017 | 0.48% | 0.48% | 0.18% | 0.48% | 0.29% | 0.15% | 0.38% | 0.19% | 0.20% | 0.19% | 0.00% | 0.06% | 3.12% |
| 2016 | -0.10% | -0.10% | 1.64% | 0.98% | 0.00% | 0.59% | 0.68% | 0.48% | 0.24% | 0.00% | -0.77% | 0.39% | 4.08% |
| 2015 | 1.04% | 0.19% | 0.08% | 0.19% | -0.09% | -0.83% | 0.10% | -0.57% | -0.63% | 0.58% | -0.39% | -1.01% | -1.35% |
| 2014 | 1.13% | 0.84% | 0.01% | 0.83% | 1.01% | 0.29% | -0.55% | 0.55% | -0.81% | 0.56% | -0.09% | -1.74% | 1.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 91, EXCPX is among the top 9% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Manning & Napier Unconstrained Bond Series (EXCPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Manning & Napier Unconstrained Bond Series provided a 4.22% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $0.36 | $0.25 | $0.60 | $0.29 | $0.25 | $0.26 | $0.24 | $0.20 | $0.32 | $0.46 |
Dividend yield | 4.22% | 4.30% | 3.70% | 2.57% | 5.65% | 2.63% | 2.38% | 2.56% | 2.27% | 1.95% | 3.17% | 4.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Manning & Napier Unconstrained Bond Series. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.01 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.06 | $0.42 |
| 2023 | $0.01 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.13 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.42 | $0.60 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.12 | $0.29 |
| 2019 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.25 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.26 |
| 2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.11 | $0.24 |
| 2016 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.20 |
| 2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.32 |
| 2014 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.24 | $0.46 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Manning & Napier Unconstrained Bond Series. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Manning & Napier Unconstrained Bond Series was 11.63%, occurring on Nov 3, 2022. Recovery took 463 trading sessions.
The current Manning & Napier Unconstrained Bond Series drawdown is 1.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.63% | Nov 10, 2021 | 248 | Nov 3, 2022 | 463 | Sep 13, 2024 | 711 |
| -9.77% | Jan 24, 2008 | 187 | Oct 17, 2008 | 55 | Jan 7, 2009 | 242 |
| -6.76% | Feb 19, 2020 | 23 | Mar 20, 2020 | 53 | Jun 5, 2020 | 76 |
| -5.58% | May 3, 2013 | 86 | Sep 5, 2013 | 757 | Sep 7, 2016 | 843 |
| -5.1% | Jan 15, 2009 | 37 | Mar 10, 2009 | 43 | May 11, 2009 | 80 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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