Manning & Napier Unconstrained Bond Series (EXCPX)

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Manning & Napier Unconstrained Bond Series (EXCPX) is up 1.0% since the beginning of the year. EXCPX is currently trading at $10 per share. Investors who bought $1,000 worth of EXCPX shares 5 years ago would now be looking at an investment worth $1,110.

Manning & Napier Unconstrained Bond Series (EXCPX) has returned 1.02% so far this year and 4.67% over the past 12 months. Over the last ten years, EXCPX has returned 2.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since Apr 28, 2005, EXCPX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 67% of months were positive and 33% were negative. The best month was Dec 2008 with a return of +5.8%, while the worst month was Mar 2020 at -4.4%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.

On a daily basis, EXCPX closed higher 40% of trading days. The best single day was May 29, 2009 with a return of +1.7%, while the worst single day was Oct 10, 2008 at -2.0%.

Manning & Napier Unconstrained Bond Series has an annualized alpha of 4.06%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since April 29, 2005.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (16.35%) than losses (6.63%) - typical of diversified or defensive assets.
• Beta of -0.00 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EXCPX has an expense ratio of 0.72%, placing it in the medium range.

EXCPX ranks 63 for risk / return — better than 63% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Manning & Napier Unconstrained Bond Series (EXCPX) and compare them to S&P 500 Index.

Manning & Napier Unconstrained Bond Series provided a 4.29% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 3 consecutive years.

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.

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.

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 9.65%, occurring on Oct 17, 2008. Recovery took 55 trading sessions.

The current Manning & Napier Unconstrained Bond Series drawdown is 0.25%.

The chart below shows the rolling one-month volatility.