Manning & Napier Core Bond Series Class S

Frequently Asked Questions About EXCRX

What does EXCRX invest in?

Typically, this Series commits at least 80% of its net assets to high-quality debt instruments and other financial tools designed to replicate the economic characteristics of bonds, notably derivative contracts and exchange-traded funds (ETFs). Furthermore, it retains the option to trade futures contracts referencing investment-grade credit assets, primarily for the strategic management of its cash flow.

What is the expense ratio of EXCRX?

Manning & Napier Core Bond Series Class S (EXCRX) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.

What is EXCRX's dividend yield?

EXCRX's trailing-twelve-month yield is 4.42%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of EXCRX?

Effective duration measures EXCRX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. EXCRX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of EXCRX?

EXCRX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of EXCRX?

Yield to maturity (YTM) is the total return you'd earn from EXCRX if every bond in the portfolio is held to maturity at the current price. EXCRX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.