Unconstrained Bond Series Simple Storage Service (S3)
MANNING & NAPIER FUND, INC.
Unconstrained Bond Series Class S: EXCPX | Class I: MNCPX
Expansive Coverage / Unconstrained & Under Control / Real Experience / Affordable Expertise
A Modern Fixed Income Solution
Expansive Coverage Shifting dynamics in fixed income markets have caused new challenges for investors. What has long been considered a “safe” investment now requires constant attention and adjustment. By expanding beyond traditional fixed income solutions, we have the flexibility to uncover new opportunities in a variety of market conditions.
Potential Fixed Income Sectors
Corporate Credit
Derivatives
Investment-Grade
Interest Rate Futures
High Yield
Options on Interest Rate Futures
Bank Loans
Credit Defualt Swaps Interest Rate Swaps Total Return Swaps Currency Forwards
Mortgage
Municipal
Non-U.S.Government
Securitized Credit
Agency
General Obligation
Sovereign
Collateralized Mortgage Obligations
Non-Agency
Revenue
Supranational
Asset-Backed
Foreign Agency
Commercial Mortgage-Backed
U.S. Agency
U.S. Treasury
Other
Gov’t Sponsored Enterprises
Nominal Bonds
ETFs/Funds
Federal Gov’t Agencies
TIPS
Preferred Stock
Floating Rate Treasuries
Non-U.S. Dollar Denominated
Unconstrained & Under Control The Series is designed to work within a disciplined framework to actively manage credit, interest rate, and currency risks. The portfolio is invested 80% - 100% in bonds. INVESTMENT-GRADE SECURITIES: 50% - 100%
09/30/2017: 86.80%
HIGH YIELD SECURITIES: 0% - 50%
09/30/2017: 12.40%
NON-U.S. DOLLAR DENOMINATED SECURITIES: 0% - 50%
09/30/2017: 3.69%
CASH*: 1% - 5%
09/30/2017: 4.97%
DURATION: -3 to +8 YEARS
09/30/2017: 1.86 Years
Derivative Instruments are used to help manage risk and reduce volatility, not acquire substantial gains. Initial margin deposits on futures, swaps, and CDS contracts regulated by the CFTC will not exceed 5% of Series assets. Investments will change over time. *This is representative of our typical Cash allocation range and is subject to change.
Real Experience Our portfolio is one of the few with a ten year track record, and it is managed using the same fixed income philosophy we’ve had in place for more than 45 years.
Value of $10,000 (Since Inception 05/01/2005 - 09/30/2017) Unconstrained Bond Series Class S1 Barclays Aggregate Bond Index2 $17,923
$16,720
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted. Investors can obtain the most recent month-end performance at www.manning-napier.com or by calling (800) 466-3863.
Affordable Expertise Our portfolio is a low-cost solution with a highly experienced team of fixed income experts, at a size nimble enough to navigate varied market conditions.
AVERAGE FEE3
ACTUAL FEE
Nontraditional Bond Managers
Unconstrained Bond Series Class S§
1.10%
0.76% Class I
0.51%
About Manning & Napier Since 1970, Manning & Napier has delivered solutions that help investors meet their financial goals. We offer a broad range of investment management and benefits products and services to individuals, institutions, and partners. Our truly active, independent, and opportunistic style allows us to manage risk in line with objectives across a variety of market environments.
869
11
16
9
Manning & Napier Unconstrained Bond Series has over $869 million in net assets*
To learn more, contact visit us at www.manning-napier.com/Advisor
Our fixed income analysts average 16 years of investment industry experience
Manning & Napier Unconstrained Bond Series has an 11 year track record
We manage approximately $9 billion in firmwide fixed income assets*
*Data as of 12/31/2016.
Visit www.manning-napier.com/Advisor or call (888) 825-4493 for additional resources. Annualized Performance (as of 09/30/2017) One Year
Five Year
Ten Year
Expense Ratio
2.47%
2.09%
5.16%
0.76%§
Bloomberg Barclays U.S. Aggregate Bond2
0.07%
2.06%
4.27%
N/A
Citigroup 3-Month Treasury Bill Index
0.64%
0.19%
0.42%
N/A
Unconstrained Bond Series Class S
1
4
Includes a shareholder servicing fee of 0.25%. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted. Investors can obtain the most recent month-end performance at www.manning-napier.com or by calling (800) 466-3863. §
For more information about any of the Manning & Napier Fund, Inc. Series, you may obtain a prospectus at www.manning-napier.com or by calling (800) 466-3863. Before investing, carefully consider the objectives, risks, charges and expenses of the investment and read the prospectus carefully as it contains this and other information about the investment company.
There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Funds that invest in foreign countries may be subject to the risks of adverse changes in foreign economic, political, regulatory and other conditions as well as risks related to the use of different financial standards. Investments in emerging markets may be more volatile than investments in more developed markets. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses. 2 The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged, market-value weighted index of U.S. domestic investment-grade debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of one year or more. Index returns do not reflect any fees or expenses. Index returns provided by Interactive Data. 3 Average fee is as of 06/30/2017. Morningstar, Inc. is a global investment research firm providing data, information, and analysis of stocks and mutual funds. ©2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past financial performance is no guarantee of future results. 4 The Citigroup 3-Month Treasury Bill Index is an unmanaged index based on 3-Month U.S. Treasury Bills. The Index measures the monthly return equivalents of yield averages that are not marked to market. The Index returns do not reflect any fees or expenses. Index returns provided by Interactive Data. The Manning & Napier Fund, Inc. is managed by Manning & Napier Advisors, LLC. Manning & Napier Investor Services, Inc., an affiliate of Manning & Napier Advisors, LLC, is the distributor of the Fund shares. 1
FUND-IDG-UB001.3 (11/17)
Unconstrained Bond Series Class S: EXCPX | Class I: MNCPX
Expansive Coverage / Unconstrained & Under Control / Real Experience / Affordable Expertise
A Modern Fixed Income Solution
Expansive Coverage Shifting dynamics in fixed income markets have caused new challenges for investors. What has long been considered a “safe” investment now requires constant attention and adjustment. By expanding beyond traditional fixed income solutions, we have the flexibility to uncover new opportunities in a variety of market conditions.
Potential Fixed Income Sectors
Corporate Credit
Derivatives
Investment-Grade
Interest Rate Futures
High Yield
Options on Interest Rate Futures
Bank Loans
Credit Defualt Swaps Interest Rate Swaps Total Return Swaps Currency Forwards
Mortgage
Municipal
Non-U.S.Government
Securitized Credit
Agency
General Obligation
Sovereign
Collateralized Mortgage Obligations
Non-Agency
Revenue
Supranational
Asset-Backed
Foreign Agency
Commercial Mortgage-Backed
U.S. Agency
U.S. Treasury
Other
Gov’t Sponsored Enterprises
Nominal Bonds
ETFs/Funds
Federal Gov’t Agencies
TIPS
Preferred Stock
Floating Rate Treasuries
Non-U.S. Dollar Denominated
Unconstrained & Under Control The Series is designed to work within a disciplined framework to actively manage credit, interest rate, and currency risks. The portfolio is invested 80% - 100% in bonds. INVESTMENT-GRADE SECURITIES: 50% - 100%
09/30/2017: 86.80%
HIGH YIELD SECURITIES: 0% - 50%
09/30/2017: 12.40%
NON-U.S. DOLLAR DENOMINATED SECURITIES: 0% - 50%
09/30/2017: 3.69%
CASH*: 1% - 5%
09/30/2017: 4.97%
DURATION: -3 to +8 YEARS
09/30/2017: 1.86 Years
Derivative Instruments are used to help manage risk and reduce volatility, not acquire substantial gains. Initial margin deposits on futures, swaps, and CDS contracts regulated by the CFTC will not exceed 5% of Series assets. Investments will change over time. *This is representative of our typical Cash allocation range and is subject to change.
Real Experience Our portfolio is one of the few with a ten year track record, and it is managed using the same fixed income philosophy we’ve had in place for more than 45 years.
Value of $10,000 (Since Inception 05/01/2005 - 09/30/2017) Unconstrained Bond Series Class S1 Barclays Aggregate Bond Index2 $17,923
$16,720
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted. Investors can obtain the most recent month-end performance at www.manning-napier.com or by calling (800) 466-3863.
Affordable Expertise Our portfolio is a low-cost solution with a highly experienced team of fixed income experts, at a size nimble enough to navigate varied market conditions.
AVERAGE FEE3
ACTUAL FEE
Nontraditional Bond Managers
Unconstrained Bond Series Class S§
1.10%
0.76% Class I
0.51%
About Manning & Napier Since 1970, Manning & Napier has delivered solutions that help investors meet their financial goals. We offer a broad range of investment management and benefits products and services to individuals, institutions, and partners. Our truly active, independent, and opportunistic style allows us to manage risk in line with objectives across a variety of market environments.
869
11
16
9
Manning & Napier Unconstrained Bond Series has over $869 million in net assets*
To learn more, contact visit us at www.manning-napier.com/Advisor
Our fixed income analysts average 16 years of investment industry experience
Manning & Napier Unconstrained Bond Series has an 11 year track record
We manage approximately $9 billion in firmwide fixed income assets*
*Data as of 12/31/2016.
Visit www.manning-napier.com/Advisor or call (888) 825-4493 for additional resources. Annualized Performance (as of 09/30/2017) One Year
Five Year
Ten Year
Expense Ratio
2.47%
2.09%
5.16%
0.76%§
Bloomberg Barclays U.S. Aggregate Bond2
0.07%
2.06%
4.27%
N/A
Citigroup 3-Month Treasury Bill Index
0.64%
0.19%
0.42%
N/A
Unconstrained Bond Series Class S
1
4
Includes a shareholder servicing fee of 0.25%. Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than that quoted. Investors can obtain the most recent month-end performance at www.manning-napier.com or by calling (800) 466-3863. §
For more information about any of the Manning & Napier Fund, Inc. Series, you may obtain a prospectus at www.manning-napier.com or by calling (800) 466-3863. Before investing, carefully consider the objectives, risks, charges and expenses of the investment and read the prospectus carefully as it contains this and other information about the investment company.
There is an inverse relationship between bond prices and interest rates; as interest rates rise, bond prices (and therefore the value of bond funds) fall. Likewise, as interest rates fall, bond prices and the value of bond funds rise. Investments in higher-yielding, lower-rated securities involve additional risks, including a higher risk of default and loss of principal. Funds that invest in foreign countries may be subject to the risks of adverse changes in foreign economic, political, regulatory and other conditions as well as risks related to the use of different financial standards. Investments in emerging markets may be more volatile than investments in more developed markets. Investments in derivatives can be highly volatile and involve risks in addition to the risks of the underlying instrument on which the derivative is based, such as counterparty, correlation and liquidity risk. Also, the use of leverage increases exposure to the market and may magnify potential losses. 2 The Bloomberg Barclays U.S. Aggregate Bond Index is an unmanaged, market-value weighted index of U.S. domestic investment-grade debt issues, including government, corporate, asset-backed, and mortgage-backed securities, with maturities of one year or more. Index returns do not reflect any fees or expenses. Index returns provided by Interactive Data. 3 Average fee is as of 06/30/2017. Morningstar, Inc. is a global investment research firm providing data, information, and analysis of stocks and mutual funds. ©2017 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied, adapted or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information, except where such damages or losses cannot be limited or excluded by law in your jurisdiction. Past financial performance is no guarantee of future results. 4 The Citigroup 3-Month Treasury Bill Index is an unmanaged index based on 3-Month U.S. Treasury Bills. The Index measures the monthly return equivalents of yield averages that are not marked to market. The Index returns do not reflect any fees or expenses. Index returns provided by Interactive Data. The Manning & Napier Fund, Inc. is managed by Manning & Napier Advisors, LLC. Manning & Napier Investor Services, Inc., an affiliate of Manning & Napier Advisors, LLC, is the distributor of the Fund shares. 1
FUND-IDG-UB001.3 (11/17)
