- ISIN
- US56382R6889
- CUSIP
- 56382R688
- Issuer
- Manning & Napier
- Inception Date
- Mar 27, 2012
- Category
- Foreign Small & Mid Cap Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RAIIX Performance Chart
Manning & Napier Rainier International Discovery Series (RAIIX) is up 10.0% since the beginning of the year. RAIIX is currently trading at $31 per share. Investors who bought $1,000 worth of RAIIX shares 5 years ago would now be looking at an investment worth $1,111.
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Returns By Period
Manning & Napier Rainier International Discovery Series (RAIIX) has returned 9.95% so far this year and 18.51% over the past 12 months. Over the last ten years, RAIIX has returned 8.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Manning & Napier Rainier International Discovery Series
- 1D
- 0.71%
- 1M
- -1.36%
- YTD
- 9.95%
- 6M
- 9.88%
- 1Y
- 18.51%
- 3Y*
- 11.86%
- 5Y*
- 2.12%
- 10Y*
- 8.73%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RAIIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, RAIIX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +13.4%, while the worst month was Mar 2020 at -13.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 6 months.
On a daily basis, RAIIX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +6.9%, while the worst single day was Mar 16, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.33% | 5.60% | -9.39% | 9.74% | 1.12% | -1.67% | 9.95% | ||||||
| 2025 | 2.31% | -0.60% | -0.30% | 7.48% | 6.28% | 7.11% | -1.09% | 1.95% | 2.23% | -1.74% | 0.59% | 0.46% | 27.00% |
| 2024 | -1.27% | 3.95% | 2.01% | -4.64% | 4.52% | -1.26% | 2.38% | 1.08% | 0.90% | -5.05% | 1.72% | -3.16% | 0.62% |
| 2023 | 6.35% | -1.77% | 1.23% | -0.70% | -2.85% | 1.81% | 2.22% | -3.60% | -4.36% | -5.74% | 9.23% | 5.72% | 6.55% |
| 2022 | -10.73% | -4.41% | -0.38% | -8.25% | -0.99% | -11.08% | 7.51% | -4.38% | -10.67% | 4.98% | 9.24% | -3.77% | -30.41% |
| 2021 | -1.44% | 2.05% | -0.19% | 7.38% | 1.06% | 0.33% | 4.33% | 1.60% | -5.86% | 5.48% | -3.60% | 2.87% | 14.09% |
Benchmark Metrics
Manning & Napier Rainier International Discovery Series has an annualized alpha of 0.38%, beta of 0.74, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 92.14% of S&P 500 Index downside but only 80.31% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.38%
- Beta
- 0.74
- R²
- 0.61
- Upside Capture
- 80.31%
- Downside Capture
- 92.14%
Expense Ratio
RAIIX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RAIIX ranks 22 for risk / return — below 22% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RAIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.52 | 2.78 | -1.26 |
| Martin ratioReturn relative to average drawdown | 5.68 | 12.44 | -6.76 |
Dividends
Dividend History
Manning & Napier Rainier International Discovery Series provided a 2.57% dividend yield over the last twelve months, with an annual payout of $0.80 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.80 | $0.03 | $0.30 | $0.00 | $3.62 | $0.51 | $0.06 | $0.07 | $0.03 | $0.00 | $0.01 |
Dividend yield | 2.57% | 2.83% | 0.14% | 1.31% | 0.00% | 11.60% | 1.67% | 0.28% | 0.38% | 0.13% | 0.00% | 0.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Manning & Napier Rainier International Discovery 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.80 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.30 | $0.30 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.62 | $3.62 |
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 Rainier International Discovery 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 Rainier International Discovery Series was 39.87%, occurring on Oct 12, 2022. Recovery took 844 trading sessions.
The current Manning & Napier Rainier International Discovery Series drawdown is 2.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -39.87%Oct 2022 | 11mo 6d | 3y 4mo | 4y 3moNov 2021 - Feb 2026 |
COVID crash2020 | -34.81%Mar 2020 | 2y 1mo | 3mo 15d | 2y 5moJan 2018 - Jul 2020 |
2016 correction2016 | -13.87%Feb 2016 | 6mo 5d | 3mo 26d | 10mo 1dAug 2015 - Jun 2016 |
2014 correction2014 | -12.90%Oct 2014 | 3mo 11d | 4mo 12d | 7mo 23dJul 2014 - Feb 2015 |
2026 correction2026 | -12.00%Mar 2026 | 28d | 1mo 7d | 2mo 5dMar 2026 - May 2026 |
Drawdown Indicators
| RAIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.87% | -56.78% | +16.91% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -9.10% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -14.57% | -18.90% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -39.87% | -25.43% | -14.44% |
Max Drawdown (10Y)Largest decline over 10 years | -39.87% | -33.92% | -5.95% |
Current DrawdownCurrent decline from peak | -2.87% | -1.80% | -1.07% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -10.71% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.03% | +1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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