# Manning & Napier Disciplined Value Series Class I (MNDFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/mndfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2008-11-11 This fund allocates a minimum of 80% of its portfolio to common equities that issue dividends. Its primary focus is on shares of companies with mid to large market valuations. The investment advisor utilizes a structured, systematic strategy to identify firms whose stocks are considered undervalued. This assessment hinges on factors such as their capacity to generate free cash flow and their earnings potential, alongside meeting specific criteria regarding dividend yield, the consistency of dividend payments, and overall financial health. ## Key Facts | Metric | Value | |---|---| | Price | $10.45 | | Expense Ratio | 0.57% | | AUM (All Share Classes) | $117.4M | | NAV | $10.45 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 8.12% | | Annual Distribution (TTM) | $0.85 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $8.56 – $10.46 | | Beta | 0.65 | ## Latest Distribution - Amount: $0.0497 /share - Ex-date: 2026-09-28 - Pay date: 2026-09-28 ## Frequently Asked Questions ### What does MNDFX invest in? This fund allocates a minimum of 80% of its portfolio to common equities that issue dividends. Its primary focus is on shares of companies with mid to large market valuations. The investment advisor utilizes a structured, systematic strategy to identify firms whose stocks are considered undervalued. This assessment hinges on factors such as their capacity to generate free cash flow and their earnings potential, alongside meeting specific criteria regarding dividend yield, the consistency of dividend payments, and overall financial health. ### What is the expense ratio of MNDFX? Manning & Napier Disciplined Value Series Class I (MNDFX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is MNDFX? Manning & Napier Disciplined Value Series Class I (MNDFX) is one share class of a fund that manages $117.4M across all of its share classes (MDFSX reports the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is MNDFX actively managed or an index fund? MNDFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (MNDFX's is 0.57%) in exchange for the discretion to over- or under-weight positions. ### When was MNDFX launched? Manning & Napier Disciplined Value Series Class I (MNDFX) launched in November 2008 and is managed by the fund issuer. ### How has MNDFX performed? MNDFX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does MNDFX pay a dividend? Manning & Napier Disciplined Value Series Class I (MNDFX) currently distributes little or no income. Trailing-twelve-month yield is 8.12%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does MNDFX pay dividends? Manning & Napier Disciplined Value Series Class I pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is MNDFX's dividend yield? MNDFX's trailing-twelve-month yield is 8.12%, calculated from the sum of dividends over the past year divided by the current price. ### When is MNDFX's next ex-dividend date? The most recently announced ex-dividend date for MNDFX was 2026-09-28. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will MNDFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.57% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does MNDFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from MNDFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does MNDFX cost more than a fund like VOO? MNDFX is actively managed (current expense ratio 0.57%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether MNDFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to MNDFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as MNDFX (0.57%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/mndfx - Distribution history: https://www.dividenddata.com/funds/mndfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/mndfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/mndfx/expenses - Peer comparison: https://www.dividenddata.com/funds/mndfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.