Manning & Napier Credit Series (MCDWX)
The fund aims to invest majority of its assets in credit-related instruments, derivatives, and ETFs that mirror credit-related instruments, with the option to trade futures contracts based on investment-grade credit securities and fixed income indices for cash management.
Fund Info
Apr 15, 2020
$0
Expense Ratio
MCDWX has an expense ratio of 0.10%, which is considered low compared to other funds.
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 Credit 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 Credit Series had a return of 0.85% year-to-date (YTD) and 6.50% in the last 12 months.
MCDWX
0.85%
0.74%
0.61%
6.50%
N/A
N/A
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of MCDWX, 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 | 0.52% | 0.85% | |||||||||||
| 2024 | 0.32% | -0.96% | 1.06% | -1.84% | 1.66% | 1.23% | 1.72% | 1.58% | 1.15% | -1.60% | 1.00% | -0.77% | 4.57% |
| 2023 | 2.95% | -1.92% | 1.91% | 0.48% | -0.47% | -0.21% | 0.37% | -0.22% | -1.78% | -1.12% | 3.92% | 3.37% | 7.30% |
| 2022 | -1.87% | -1.40% | -2.30% | -2.93% | -0.00% | -1.65% | 2.20% | -1.94% | -3.85% | -1.50% | 3.39% | 0.27% | -11.20% |
| 2021 | -0.47% | -1.04% | -0.91% | 0.97% | 0.67% | 0.89% | 0.86% | -0.19% | -0.59% | -0.10% | -0.19% | -1.93% | -2.06% |
| 2020 | 0.10% | 1.60% | 1.85% | 2.42% | -0.57% | 0.09% | 0.00% | 2.10% | 0.03% | 7.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCDWX is 71, indicating average performance compared to other mutual funds on our website. Here’s 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 Credit Series (MCDWX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Manning & Napier Credit Series provided a 4.61% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.43 | $0.40 | $0.28 | $0.24 | $0.18 |
Dividend yield | 4.61% | 4.83% | 4.48% | 3.17% | 2.33% | 1.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Manning & Napier Credit 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 | $0.00 | $0.03 | ||||||||||
| 2024 | $0.01 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.06 | $0.43 |
| 2023 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.40 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.28 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.24 |
| 2020 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.18 |
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 Credit 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 Credit Series was 17.71%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Manning & Napier Credit Series drawdown is 2.78%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.71% | Aug 4, 2021 | 307 | Oct 20, 2022 | — | — | — |
| -2.66% | Dec 15, 2020 | 64 | Mar 18, 2021 | 74 | Jul 2, 2021 | 138 |
| -1.4% | May 1, 2020 | 7 | May 11, 2020 | 7 | May 20, 2020 | 14 |
| -1.23% | Aug 10, 2020 | 14 | Aug 27, 2020 | 49 | Nov 5, 2020 | 63 |
| -0.6% | Jun 11, 2020 | 3 | Jun 15, 2020 | 2 | Jun 17, 2020 | 5 |
Volatility
Volatility Chart
The current Manning & Napier Credit Series volatility is 1.06%, 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.