Manning & Napier Divrs Tax Exempt Series Fund (EXDVX)

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Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) is up 0.8% since the beginning of the year. EXDVX is currently trading at $11 per share. Investors who bought $1,000 worth of EXDVX shares 5 years ago would now be looking at an investment worth $1,032.

Manning & Napier Divrs Tax Exempt Series Fund (EXDVX) has returned 0.81% so far this year and 4.66% over the past 12 months. Over the last ten years, EXDVX has returned 1.48% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Feb 17, 1994, EXDVX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 59% of months were positive and 41% were negative. The best month was Jan 2009 with a return of +4.6%, while the worst month was Feb 2008 at -6.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EXDVX closed higher 37% of trading days. The best single day was Mar 25, 2020 with a return of +3.4%, while the worst single day was Dec 20, 1999 at -2.4%.

Manning & Napier Divrs Tax Exempt Series Fund has an annualized alpha of 2.05%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since February 17, 1994.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (7.19%) than losses (1.68%) - 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.

EXDVX has an expense ratio of 0.63%, placing it in the medium range.

EXDVX ranks 66 for risk / return — better than 66% 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.

Manning & Napier Divrs Tax Exempt Series Fund provided a 2.24% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 3 consecutive years.

The table displays the monthly dividend distributions for Manning & Napier Divrs Tax Exempt Series Fund. 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 Divrs Tax Exempt Series Fund. 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 Divrs Tax Exempt Series Fund was 12.74%, occurring on Oct 16, 2008. Recovery took 59 trading sessions.

The current Manning & Napier Divrs Tax Exempt Series Fund drawdown is 0.78%.

The chart below shows the rolling one-month volatility.