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
| ISIN | US5638212069 |
|---|---|
| CUSIP | 563821206 |
| Issuer | Manning & Napier |
| Inception Date | Apr 20, 2005 |
| Category | Nontraditional Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
EXCPX features an expense ratio of 0.72%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Manning & Napier Unconstrained Bond Series, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Manning & Napier Unconstrained Bond Series had a return of 3.99% year-to-date (YTD) and 8.00% in the last 12 months. Over the past 10 years, Manning & Napier Unconstrained Bond Series had an annualized return of 2.36%, while the S&P 500 had an annualized return of 11.18%, indicating that Manning & Napier Unconstrained Bond Series did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.99% | 21.88% |
| 1 month | -0.89% | 0.89% |
| 6 months | 4.73% | 15.85% |
| 1 year | 8.00% | 38.63% |
| 5 years (annualized) | 2.78% | 13.69% |
| 10 years (annualized) | 2.36% | 11.18% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.19% | -0.58% | 0.34% | -0.85% | 1.12% | 0.96% | 1.25% | 1.44% | 0.99% | 3.99% | |||
| 2023 | 1.72% | -1.04% | 1.34% | 0.51% | -0.42% | -0.54% | 0.71% | 0.52% | -0.72% | 0.00% | 1.70% | 2.12% | 6.00% |
| 2022 | -1.04% | -1.14% | -2.04% | -1.09% | 0.00% | -1.54% | 0.71% | -0.51% | -1.45% | -0.41% | 0.93% | 0.71% | -6.71% |
| 2021 | 0.55% | -0.18% | -0.15% | 0.92% | 0.82% | 0.23% | 0.36% | 0.09% | -0.23% | 0.36% | -0.36% | 0.16% | 2.58% |
| 2020 | 0.19% | -0.29% | -4.38% | 2.21% | 1.77% | 1.83% | 2.39% | 0.65% | 0.05% | 0.28% | 1.77% | 0.98% | 7.54% |
| 2019 | 1.08% | 0.49% | 0.16% | 0.48% | 0.10% | 0.65% | 0.19% | 0.19% | 0.12% | 0.38% | 0.29% | 0.77% | 5.01% |
| 2018 | -0.19% | -0.48% | 0.14% | -0.19% | 0.19% | 0.07% | 0.29% | 0.39% | 0.11% | -0.49% | 0.00% | 0.37% | 0.20% |
| 2017 | 0.48% | 0.48% | 0.18% | 0.48% | 0.29% | 0.15% | 0.38% | 0.19% | 0.20% | 0.19% | 0.00% | 0.12% | 3.19% |
| 2016 | -0.10% | -0.10% | 1.64% | 0.98% | 0.00% | 0.60% | 0.68% | 0.48% | 0.24% | 0.00% | -0.77% | 0.38% | 4.08% |
| 2015 | 1.04% | 0.19% | 0.08% | 0.19% | -0.09% | -0.83% | 0.10% | -0.57% | -0.52% | 0.58% | -0.39% | -0.64% | -0.88% |
| 2014 | 1.13% | 0.84% | 0.01% | 0.83% | 1.01% | 0.28% | -0.55% | 0.55% | -0.81% | 0.56% | -0.09% | -0.60% | 3.17% |
| 2013 | 0.09% | 0.80% | 0.35% | 1.23% | -1.65% | -2.58% | 0.73% | -1.00% | 1.00% | 1.47% | -0.09% | -0.29% | -0.01% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EXCPX is 55, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
Dividends
Dividend History
Manning & Napier Unconstrained Bond Series provided a 4.26% dividend yield over the last twelve months, with an annual payout of $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.37 | $0.25 | $0.60 | $0.29 | $0.25 | $0.26 | $0.24 | $0.20 | $0.32 | $0.46 | $0.62 |
Dividend yield | 4.26% | 3.72% | 2.58% | 5.66% | 2.61% | 2.37% | 2.55% | 2.28% | 1.95% | 3.16% | 4.35% | 5.78% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.34 | ||
| 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 | $0.37 |
| 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 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.24 | $0.46 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.32 | $0.62 |
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.
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 9.65%, occurring on Oct 17, 2008. Recovery took 55 trading sessions.
The current Manning & Napier Unconstrained Bond Series drawdown is 1.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -9.65% | May 21, 2008 | 104 | Oct 17, 2008 | 55 | Jan 7, 2009 | 159 |
| -9.1% | Nov 10, 2021 | 248 | Nov 3, 2022 | 421 | Jul 11, 2024 | 669 |
| -6.76% | Feb 19, 2020 | 23 | Mar 20, 2020 | 53 | Jun 5, 2020 | 76 |
| -5.58% | May 3, 2013 | 87 | Sep 5, 2013 | 150 | Apr 10, 2014 | 237 |
| -5.1% | Jan 15, 2009 | 37 | Mar 10, 2009 | 43 | May 11, 2009 | 80 |
Volatility
Volatility Chart
The current Manning & Napier Unconstrained Bond Series volatility is 0.64%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.