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 features an expense ratio of 0.90%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: MNHYX vs. SWAV, MNHYX vs. RCTIX, MNHYX vs. ICMUX, MNHYX vs. SPY, MNHYX vs. FAGIX, MNHYX vs. ANGL, MNHYX vs. FDHY, MNHYX vs. USHY, MNHYX vs. HYG, MNHYX vs. bnd
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 9.56% year-to-date (YTD) and 15.94% in the last 12 months. Over the past 10 years, Manning & Napier High Yield Bond Series had an annualized return of 5.07%, while the S&P 500 had an annualized return of 11.41%, indicating that Manning & Napier High Yield Bond Series did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.56% | 25.70% |
| 1 month | 0.52% | 3.51% |
| 6 months | 6.26% | 14.80% |
| 1 year | 15.94% | 37.91% |
| 5 years (annualized) | 5.96% | 14.18% |
| 10 years (annualized) | 5.07% | 11.41% |
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% | 0.36% | 1.41% | -0.40% | 1.28% | 0.89% | 2.05% | 1.38% | 1.35% | -0.59% | 9.56% | ||
| 2023 | 2.91% | -1.15% | 0.55% | 1.30% | -0.51% | 1.45% | 1.62% | 0.40% | -0.88% | -1.28% | 4.84% | 3.41% | 13.20% |
| 2022 | -1.25% | -1.08% | -0.53% | -1.90% | -0.31% | -5.35% | 3.60% | -1.16% | -2.89% | 1.33% | 1.97% | -0.28% | -7.83% |
| 2021 | 1.47% | 0.87% | 0.35% | 1.35% | 0.76% | 1.18% | 0.47% | 0.56% | 0.15% | 1.60% | -0.37% | -2.12% | 6.40% |
| 2020 | 0.30% | -2.07% | -13.47% | 2.58% | 4.69% | 3.04% | 4.39% | 2.16% | -0.67% | 0.31% | 3.78% | 2.48% | 6.27% |
| 2019 | 4.01% | 1.52% | 0.72% | 1.70% | -0.89% | 1.39% | 0.50% | 0.00% | 0.82% | -0.00% | 1.20% | 2.29% | 14.00% |
| 2018 | 0.40% | -0.59% | -0.54% | 0.20% | 0.30% | 0.17% | 0.91% | 1.20% | 0.57% | -1.19% | -1.01% | -1.68% | -1.30% |
| 2017 | 1.94% | 1.60% | -0.33% | 1.30% | 0.89% | 0.03% | 1.28% | -0.20% | 0.71% | 0.69% | -0.00% | 0.31% | 8.50% |
| 2016 | -0.98% | 0.33% | 3.91% | 2.65% | 0.83% | 0.74% | 2.68% | 1.60% | 0.06% | 0.30% | -0.70% | 1.34% | 13.41% |
| 2015 | 0.10% | 2.29% | -0.41% | 1.38% | 0.58% | -0.84% | -0.39% | -1.68% | -2.86% | 2.41% | -2.15% | -1.58% | -3.26% |
| 2014 | 0.75% | 1.87% | 0.29% | 0.73% | 0.91% | 0.72% | -0.82% | 1.28% | -2.00% | 0.65% | -0.92% | -4.42% | -1.12% |
| 2013 | 1.40% | 0.64% | 0.79% | 1.73% | -0.36% | -2.90% | 1.97% | -0.74% | 0.18% | 2.52% | 0.55% | -1.78% | 3.92% |
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.
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 provided a 6.52% dividend yield over the last twelve months, with an annual payout of $0.65 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 | $0.65 | $0.64 | $0.51 | $0.47 | $0.51 | $0.67 | $0.50 | $0.52 | $0.64 | $0.52 | $0.50 | $0.53 |
Dividend yield | 6.52% | 6.67% | 5.67% | 4.57% | 5.00% | 6.64% | 5.26% | 5.17% | 6.50% | 5.61% | 4.97% | 5.00% |
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 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.00 | $0.47 | |
| 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 | $0.23 | $0.51 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.47 |
| 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 | $0.18 | $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 | $0.12 | $0.00 | $0.00 | $0.20 | $0.50 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.20 | $0.53 |
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 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 19.69%, occurring on Mar 23, 2020. Recovery took 142 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.69% | Jan 23, 2020 | 42 | Mar 23, 2020 | 142 | Oct 13, 2020 | 184 |
| -13.53% | Nov 10, 2021 | 221 | Sep 27, 2022 | 309 | Dec 19, 2023 | 530 |
| -13.06% | Sep 3, 2014 | 364 | Feb 11, 2016 | 122 | Aug 5, 2016 | 486 |
| -7.26% | Jul 28, 2011 | 49 | Oct 5, 2011 | 81 | Feb 1, 2012 | 130 |
| -4.57% | May 10, 2013 | 32 | Jun 25, 2013 | 107 | Nov 25, 2013 | 139 |
Volatility
Volatility Chart
The current Manning & Napier High Yield Bond Series volatility is 0.60%, 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.