Manning & Napier High Yield Bond I (MNHAX)
The fund primarily focuses on investing at least 80% of its assets in below investment grade bonds and similar financial instruments, including derivatives and ETFs, with an emphasis on U.S. dollar denominated fixed income securities from both U.S. and foreign entities, including emerging markets. Additionally, it may allocate some assets to non-investment grade floating rate bank loans.
Fund Info
US56382P1957
56382P195
Aug 1, 2012
$1,000,000
Expense Ratio
MNHAX features an expense ratio of 0.66%, 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 High Yield Bond I, 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 High Yield Bond I had a return of 7.80% year-to-date (YTD) and 8.36% in the last 12 months. Over the past 10 years, Manning & Napier High Yield Bond I had an annualized return of 6.12%, while the S&P 500 had an annualized return of 11.06%, indicating that Manning & Napier High Yield Bond I did not perform as well as the benchmark.
MNHAX
7.80%
-1.02%
3.28%
8.36%
5.96%
6.12%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
Monthly Returns
The table below presents the monthly returns of MNHAX, 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 | 0.70% | 0.33% | 1.39% | -0.34% | 1.36% | 0.87% | 2.06% | 1.49% | 1.31% | -0.57% | 0.61% | 7.80% | |
| 2023 | 2.87% | -1.12% | 0.58% | 1.36% | -0.46% | 1.53% | 1.48% | 0.52% | -0.92% | -1.28% | 4.90% | 3.47% | 13.49% |
| 2022 | -1.27% | -1.05% | -0.44% | -1.92% | -0.24% | -5.35% | 3.68% | -1.27% | -2.88% | 1.48% | 1.99% | -0.06% | -7.38% |
| 2021 | 1.51% | 0.80% | 0.36% | 1.48% | 0.79% | 1.23% | 0.45% | 0.56% | 0.14% | 1.68% | -0.33% | 1.18% | 10.27% |
| 2020 | 0.35% | -2.08% | -13.43% | 2.61% | 4.69% | 3.01% | 4.41% | 2.17% | -0.70% | 0.48% | 3.73% | 2.55% | 6.58% |
| 2019 | 4.02% | 1.52% | 0.65% | 1.86% | -0.91% | 1.35% | 0.58% | 0.00% | 0.92% | -0.12% | 1.28% | 2.33% | 14.25% |
| 2018 | 0.46% | -0.57% | -0.56% | 0.35% | 0.23% | 0.26% | 0.93% | 1.15% | 0.60% | -1.15% | -1.04% | -1.61% | -0.98% |
| 2017 | 1.97% | 1.59% | -0.32% | 1.25% | 0.90% | 0.21% | 1.13% | -0.11% | 0.77% | 0.67% | 0.11% | 0.21% | 8.68% |
| 2016 | -1.10% | 0.37% | 3.97% | 2.63% | 0.82% | 0.78% | 2.68% | 1.70% | 0.04% | 0.34% | -0.68% | 1.39% | 13.59% |
| 2015 | 0.22% | 2.22% | -0.40% | 1.43% | 0.54% | -0.77% | -0.33% | -1.77% | -2.79% | 2.36% | -2.07% | -1.44% | -2.92% |
| 2014 | 0.83% | 1.86% | 0.37% | 0.71% | 0.91% | 0.76% | -0.80% | 1.32% | -1.58% | 0.73% | -0.93% | -1.82% | 2.32% |
| 2013 | 1.43% | 0.61% | 0.92% | 1.60% | -0.20% | -2.93% | 1.96% | -0.71% | 0.87% | 2.47% | 0.60% | 0.59% | 7.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 96, MNHAX is among the top 4% 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 High Yield Bond I (MNHAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Manning & Napier High Yield Bond I provided a 5.28% dividend yield over the last twelve months, with an annual payout of $0.52 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.52 | $0.66 | $0.54 | $0.50 | $0.54 | $0.71 | $0.52 | $0.55 | $0.66 | $0.54 | $0.53 | $0.56 |
Dividend yield | 5.28% | 6.91% | 5.88% | 4.65% | 5.04% | 6.64% | 5.14% | 5.00% | 6.19% | 5.35% | 4.72% | 4.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Manning & Napier High Yield Bond I. 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 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.05 | $0.00 | $0.00 | $0.52 |
| 2023 | $0.01 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.13 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.23 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.50 |
| 2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.22 | $0.54 |
| 2019 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.26 | $0.71 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.21 | $0.52 |
| 2017 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.55 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.27 | $0.66 |
| 2015 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.20 | $0.54 |
| 2014 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.53 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.21 | $0.56 |
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 High Yield Bond I. 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 High Yield Bond I was 19.63%, occurring on Mar 23, 2020. Recovery took 142 trading sessions.
The current Manning & Napier High Yield Bond I drawdown is 2.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.63% | Jan 23, 2020 | 42 | Mar 23, 2020 | 142 | Oct 13, 2020 | 184 |
| -10.7% | Jan 4, 2022 | 184 | Sep 27, 2022 | 285 | Nov 14, 2023 | 469 |
| -10.13% | Jun 3, 2015 | 176 | Feb 11, 2016 | 79 | Jun 6, 2016 | 255 |
| -5.92% | Sep 3, 2014 | 74 | Dec 16, 2014 | 105 | May 19, 2015 | 179 |
| -4.56% | May 10, 2013 | 32 | Jun 25, 2013 | 84 | Oct 23, 2013 | 116 |
Volatility
Volatility Chart
The current Manning & Napier High Yield Bond I volatility is 1.37%, 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.