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.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Manning & Napier Credit Series (MCDWX) returned 1.79% year-to-date (YTD) and 6.46% over the past 12 months.
MCDWX
1.79%
-0.44%
1.01%
6.46%
3.40%
1.04%
N/A
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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% | 1.74% | 0.09% | -0.11% | -0.44% | 1.79% | |||||||
| 2024 | 0.32% | -0.96% | 1.06% | -1.84% | 1.66% | 1.23% | 1.72% | 1.57% | 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% | -0.23% | -1.78% | -1.12% | 3.93% | 3.37% | 7.30% |
| 2022 | -1.87% | -1.41% | -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% | -0.09% | -0.19% | -1.94% | -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
With an overall rank of 84, MCDWX is among the top 16% of mutual funds on our website when it comes to balancing risk and reward. Below is 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.
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Dividends
Dividend History
Manning & Napier Credit Series provided a 4.67% dividend yield over the last twelve months, with an annual payout of $0.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.43 | $0.40 | $0.28 | $0.45 | $0.27 |
Dividend yield | 4.67% | 4.83% | 4.48% | 3.24% | 4.45% | 2.58% |
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 | $0.04 | $0.04 | $0.04 | $0.00 | $0.14 | |||||||
| 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 | $0.31 | $0.45 |
| 2020 | $0.03 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.19 | $0.27 |
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.
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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 24, 2022. The portfolio has not yet recovered.
The current Manning & Napier Credit Series drawdown is 1.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.71% | Aug 4, 2021 | 309 | Oct 24, 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 chart below shows the rolling one-month volatility.
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