- Issuer
- Manning & Napier
- Inception Date
- Apr 15, 2020
- Category
- Intermediate Core Bond
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
MCDWX Performance Chart
Manning & Napier Credit Series (MCDWX) is up 0.8% since the beginning of the year. MCDWX is currently trading at $9 per share. Investors who bought $1,000 worth of MCDWX shares 5 years ago would now be looking at an investment worth $1,077.
Loading charts...
Returns By Period
Manning & Napier Credit Series (MCDWX) has returned 0.78% so far this year and 5.11% over the past 12 months.
Manning & Napier Credit Series
- 1D
- 0.22%
- 1M
- 0.72%
- YTD
- 0.78%
- 6M
- 1.00%
- 1Y
- 5.11%
- 3Y*
- 5.62%
- 5Y*
- 1.49%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
MCDWX Monthly Returns History
Based on dividend-adjusted daily data since Apr 14, 2020, MCDWX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +3.9%, while the worst month was Sep 2022 at -3.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, MCDWX closed higher 44% of trading days. The best single day was Nov 10, 2022 with a return of +1.6%, while the worst single day was Jun 13, 2022 at -1.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.40% | 1.12% | -1.63% | 0.41% | 0.39% | 0.11% | 0.78% | ||||||
| 2025 | 0.51% | 1.74% | 0.08% | 0.30% | 0.03% | 1.33% | -0.03% | 1.31% | 0.73% | 0.51% | 0.70% | 0.13% | 7.57% |
| 2024 | 0.33% | -0.95% | 1.06% | -2.24% | 1.67% | 1.23% | 1.72% | 1.57% | 1.15% | -1.61% | 1.00% | -0.76% | 4.13% |
| 2023 | 2.96% | -1.92% | 1.92% | 0.48% | -0.47% | -0.22% | 0.37% | -0.22% | -1.79% | -1.12% | 3.92% | 3.37% | 7.31% |
| 2022 | -1.87% | -1.41% | -2.30% | -2.93% | -0.00% | -1.65% | 2.20% | -1.94% | -3.85% | -1.50% | 3.39% | 0.34% | -11.13% |
| 2021 | -0.47% | -1.04% | -0.91% | 0.97% | 0.67% | 0.89% | 0.86% | -0.19% | -0.59% | -0.10% | -0.19% | 0.15% | 0.01% |
Benchmark Metrics
Manning & Napier Credit Series has an annualized alpha of 1.95%, beta of 0.04, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since April 14, 2020.
- This fund participated in 27.83% of S&P 500 Index downside but only 16.09% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.04 may look defensive, but with R2 of 0.03 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 0.03 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.
- Alpha
- 1.95%
- Beta
- 0.04
- R²
- 0.03
- Upside Capture
- 16.09%
- Downside Capture
- 27.83%
Expense Ratio
MCDWX has an expense ratio of 0.10%, which is considered low.
Return for Risk
Risk / Return Rank
MCDWX ranks 44 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manning & Napier Credit Series (MCDWX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MCDWX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.21 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.78 | -0.36 |
| Martin ratioReturn relative to average drawdown | 7.54 | 12.44 | -4.90 |
Dividends
Dividend History
Manning & Napier Credit Series provided a 4.46% dividend yield over the last twelve months, with an annual payout of $0.41 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.41 | $0.44 | $0.39 | $0.40 | $0.28 | $0.45 | $0.27 |
Dividend yield | 4.46% | 4.83% | 4.41% | 4.48% | 3.25% | 4.45% | 2.57% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.03 | $0.03 | $0.00 | $0.04 | $0.04 | $0.00 | $0.13 | ||||||
| 2025 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.05 | $0.44 |
| 2024 | $0.01 | $0.03 | $0.03 | $0.00 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.06 | $0.39 |
| 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 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.31 | $0.45 |
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.
Loading charts...
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 15.96%, occurring on Oct 20, 2022. Recovery took 587 trading sessions.
The current Manning & Napier Credit Series drawdown is 0.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -15.96%Oct 2022 | 1y 2mo | 2y 4mo | 3y 6moAug 2021 - Feb 2025 |
2021 pullback2021 | -2.50%Mar 2021 | 2mo 13d | 3mo 14d | 5mo 27dJan 2021 - Jun 2021 |
2025 selloff2025 | -2.20%Apr 2025 | 4d | 1mo 24d | 1mo 28dApr 2025 - Jun 2025 |
2026 pullback2026 | -2.17%Mar 2026 | 24d | — | 3mo 23dMar 2026 - now |
2020 pullback2020 | -1.40%May 2020 | 10d | 9d | 19dMay 2020 - May 2020 |
Drawdown Indicators
| MCDWX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.96% | -56.78% | +40.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.17% | -9.10% | +6.93% |
Max Drawdown (3Y)Largest decline over 3 years | -4.22% | -18.90% | +14.68% |
Max Drawdown (5Y)Largest decline over 5 years | -15.96% | -25.43% | +9.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.73% | -1.80% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -10.71% | +6.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 2.03% | -1.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with MCDWX
Add Manning & Napier Credit Series to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with MCDWX