Manning & Napier High Yield Bond Series (MNHYX)
The fund normally invests at least 80% of its assets in bonds that are rated below investment grade and other financial instruments, principally derivative instruments and exchange-traded funds (ETFs), with economic characteristics similar to non-investment grade securities. These bonds may include U.S. dollar denominated fixed income securities issued by U.S. and foreign corporations and governments, including those in emerging markets. It may invest a portion of its assets in bank loans, which are, generally, non-investment grade floating rate investments.
Fund Info
| ISIN | US56382P5834 |
|---|---|
| CUSIP | 56382P583 |
| Issuer | Manning & Napier |
| Inception Date | Sep 14, 2009 |
| Category | High Yield Bonds |
| Min. Investment | $2,000 |
| Asset Class | Bond |
Expense Ratio
MNHYX has a high expense ratio of 0.90%, indicating higher-than-average management fees.
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 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 High Yield Bond Series had a return of 3.46% year-to-date (YTD) and 13.73% in the last 12 months. Over the past 10 years, Manning & Napier High Yield Bond Series had an annualized return of 5.18%, while the S&P 500 had an annualized return of 10.99%, indicating that Manning & Napier High Yield Bond Series did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.46% | 11.18% |
| 1 month | 2.13% | 5.60% |
| 6 months | 8.26% | 17.48% |
| 1 year | 13.73% | 26.33% |
| 5 years (annualized) | 5.98% | 13.16% |
| 10 years (annualized) | 5.18% | 10.99% |
Monthly Returns
The table below presents the monthly returns of MNHYX, 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 | 0.67% | 0.35% | 1.41% | -0.40% | 3.46% | ||||||||
| 2023 | 2.90% | -1.16% | 0.56% | 1.31% | -0.51% | 1.44% | 1.62% | 0.40% | -0.88% | -1.28% | 4.84% | 3.41% | 13.19% |
| 2022 | -1.25% | -1.07% | -0.53% | -1.90% | -0.31% | -5.35% | 3.60% | -1.16% | -2.89% | 1.33% | 1.97% | -0.02% | -7.59% |
| 2021 | 1.47% | 0.87% | 0.35% | 1.35% | 0.76% | 1.18% | 0.47% | 0.56% | 0.15% | 1.60% | -0.37% | 1.19% | 9.99% |
| 2020 | 0.30% | -2.07% | -13.48% | 2.58% | 4.68% | 3.03% | 4.39% | 2.16% | -0.67% | 0.31% | 3.78% | 2.48% | 6.26% |
| 2019 | 4.01% | 1.52% | 0.71% | 1.70% | -0.89% | 1.39% | 0.50% | -0.00% | 0.81% | -0.00% | 1.20% | 2.29% | 13.98% |
| 2018 | 0.40% | -0.59% | -0.53% | 0.20% | 0.30% | 0.16% | 0.91% | 1.20% | 0.56% | -1.19% | -1.01% | -1.68% | -1.31% |
| 2017 | 1.94% | 1.60% | -0.33% | 1.30% | 0.89% | 0.02% | 1.28% | -0.19% | 0.70% | 0.69% | 0.00% | 0.31% | 8.49% |
| 2016 | -0.98% | 0.33% | 3.92% | 2.65% | 0.83% | 0.73% | 2.68% | 1.61% | 0.06% | 0.30% | -0.70% | 1.34% | 13.40% |
| 2015 | 0.10% | 2.29% | -0.41% | 1.38% | 0.58% | -0.85% | -0.39% | -1.68% | -2.87% | 2.41% | -2.15% | -1.58% | -3.27% |
| 2014 | 0.75% | 1.86% | 0.29% | 0.74% | 0.91% | 0.72% | -0.82% | 1.28% | -1.57% | 0.65% | -0.93% | -1.81% | 2.02% |
| 2013 | 1.40% | 0.64% | 0.79% | 1.73% | -0.36% | -2.90% | 1.97% | -0.74% | 0.82% | 2.52% | 0.55% | 0.64% | 7.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MNHYX is 96, placing it in the top 4% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MNHYX (Manning & Napier High Yield Bond Series)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Manning & Napier High Yield Bond Series (MNHYX) 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 Series granted a 6.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.64 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.64 | $0.64 | $0.54 | $0.82 | $0.51 | $0.67 | $0.50 | $0.52 | $0.64 | $0.52 | $0.82 | $0.86 |
Dividend yield | 6.58% | 6.66% | 5.93% | 7.93% | 4.98% | 6.63% | 5.26% | 5.16% | 6.49% | 5.60% | 8.13% | 8.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Manning & Napier High Yield Bond 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.04 | $0.05 | $0.05 | $0.05 | $0.21 | |||||||
| 2023 | $0.01 | $0.04 | $0.06 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.13 | $0.64 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.25 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.52 | $0.82 |
| 2020 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.51 |
| 2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.67 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.20 | $0.50 |
| 2017 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.18 | $0.52 |
| 2016 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.26 | $0.64 |
| 2015 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.52 |
| 2014 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.47 | $0.82 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.46 | $0.86 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Manning & Napier High Yield Bond 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 High Yield Bond Series was 19.70%, occurring on Mar 23, 2020. Recovery took 142 trading sessions.
The current Manning & Napier High Yield Bond Series drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.7% | Jan 23, 2020 | 42 | Mar 23, 2020 | 142 | Oct 13, 2020 | 184 |
| -10.84% | Dec 31, 2021 | 186 | Sep 27, 2022 | 290 | Nov 21, 2023 | 476 |
| -10.41% | Jun 2, 2015 | 177 | Feb 11, 2016 | 80 | Jun 7, 2016 | 257 |
| -7.01% | Jul 28, 2011 | 49 | Oct 5, 2011 | 62 | Jan 4, 2012 | 111 |
| -6.02% | Sep 3, 2014 | 74 | Dec 16, 2014 | 110 | May 27, 2015 | 184 |
Volatility
Volatility Chart
The current Manning & Napier High Yield Bond Series volatility is 1.19%, 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.