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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Manning & Napier Rainier International Discovery Series, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Returns By Period
Manning & Napier Rainier International Discovery Series (RAIIX) has returned -2.12% so far this year and 22.60% over the past 12 months. Over the last ten years, RAIIX has returned 7.61% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.
Manning & Napier Rainier International Discovery Series
- 1D
- -0.75%
- 1M
- -12.00%
- YTD
- -2.12%
- 6M
- -2.81%
- 1Y
- 22.60%
- 3Y*
- 8.01%
- 5Y*
- 1.06%
- 10Y*
- 7.61%
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jan 2, 2013, RAIIX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, your investment would double in approximately 7.1 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% | -12.00% | -2.12% | |||||||||
| 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 0.62%, beta of 0.73, and R² of 0.61 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.
- This fund participated in 92.00% of S&P 500 Index downside but only 81.78% of its upside — more exposed to losses than it benefited from rallies.
- Alpha
- 0.62%
- Beta
- 0.73
- R²
- 0.61
- Upside Capture
- 81.78%
- Downside Capture
- 92.00%
Expense Ratio
RAIIX has a high expense ratio of 1.12%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RAIIX ranks 73 for risk / return — better than 73% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Manning & Napier Rainier International Discovery Series (RAIIX) and compare them to a chosen benchmark (S&P 500 Index).
| RAIIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.41 | 0.90 | +0.51 |
Sortino ratioReturn per unit of downside risk | 1.93 | 1.39 | +0.54 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.21 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.40 | +0.26 |
Martin ratioReturn relative to average drawdown | 6.76 | 6.61 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore RAIIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Manning & Napier Rainier International Discovery Series provided a 2.89% 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 | 2.89% | 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 | |||||||||
| 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 12.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -39.87% | Nov 10, 2021 | 232 | Oct 12, 2022 | 844 | Feb 25, 2026 | 1076 |
| -34.81% | Jan 30, 2018 | 540 | Mar 23, 2020 | 72 | Jul 6, 2020 | 612 |
| -13.87% | Aug 11, 2015 | 129 | Feb 12, 2016 | 79 | Jun 7, 2016 | 208 |
| -12.9% | Jul 7, 2014 | 73 | Oct 16, 2014 | 89 | Feb 25, 2015 | 162 |
| -12% | Mar 2, 2026 | 21 | Mar 30, 2026 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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