Manning & Napier Fund, Inc. (“Manning & Napier” or “the Company”) recently announced the launch of the Manning & Napier Fund, Inc. Strategic Income Conservative Series and the Manning & Napier Fund, Inc. Strategic Income Moderate Series, two mutual funds that feature a blend of stocks and bonds, and will target income-producing securities. The funds couple the firm’s expertise in active asset allocation with a strategy that will help meet the needs of income-oriented investors in the current low-yield market environment.
The Manning & Napier Fund, Inc. Strategic Income Conservative Series and Moderate Series both invest in four underlying, proprietary mutual funds that provide diversified exposure to dividend paying equities, fixed income, and real estate. The funds intend to provide investors with both income and appreciation potential, while focusing on minimizing risk.
The Strategic Income Conservative Series offers a 15%-45% equity range, and the Strategic Income Moderate Series offers a 44%-75% equity range. Both funds are managed under the oversight of Manning & Napier’s Senior Research Group.
“In today’s market environment, yields on traditional ‘safe,’ income-producing securities like U.S. Treasuries are very low, and negative in some cases on an inflation-adjusted basis. Not only does this provide challenges for generating income, but it also exposes investors to potential capital risk,” said Patrick Cunningham, Chief Executive Officer. “We have developed a strategy that provides greater income potential and helps to mitigate risk through an active security selection and asset allocation approach.”The funds will be offered with both a retail share class (S Class) and institutional share class (I Class) with investment minimums of $2,000 and $1 million, respectively. “Our firm has a long history of helping clients solve their problems,” Cunningham continued. “Our Strategic Income strategy provides an alternative to traditional income-oriented strategies that may prove inadequate in the current environment.”