Manning & Napier High Yield Bond Series (MNHYX)

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Manning & Napier High Yield Bond Series (MNHYX) is up 2.8% since the beginning of the year. MNHYX is currently trading at $10 per share. Investors who bought $1,000 worth of MNHYX shares 5 years ago would now be looking at an investment worth $1,311.

Manning & Napier High Yield Bond Series (MNHYX) has returned 2.79% so far this year and 7.88% over the past 12 months. Over the last ten years, MNHYX has returned 6.57% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Sep 15, 2009, MNHYX's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.

Historically, 72% of months were positive and 28% were negative. The best month was Nov 2023 with a return of +4.8%, while the worst month was Mar 2020 at -13.5%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, MNHYX closed higher 48% of trading days. The best single day was Apr 9, 2020 with a return of +2.5%, while the worst single day was Mar 9, 2020 at -3.7%.

Manning & Napier High Yield Bond Series has an annualized alpha of 5.60%, beta of 0.10, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since September 15, 2009.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (34.81%) than losses (29.07%) - typical of diversified or defensive assets.
• Beta of 0.10 may look defensive, but with R2 of 0.21 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 0.21 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.

MNHYX has an expense ratio of 0.90%, placing it in the medium range.

MNHYX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Manning & Napier High Yield Bond Series provided a 6.64% dividend yield over the last twelve months, with an annual payout of $0.65 per share.

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.

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.

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 0.10%.

The chart below shows the rolling one-month volatility.