- What does MNHYX invest in?
- This fund primarily allocates at least 80% of its capital to debt instruments with a sub-investment grade rating. It also utilizes other financial tools, mainly derivative products and exchange-traded funds (ETFs), that exhibit economic profiles similar to lower-rated securities. These high-yield bonds, denominated in U.S. dollars, can be issued by corporations and governments both domestically and internationally, encompassing issuers in developing economies. Additionally, a segment of the fund's holdings may consist of bank loans, which are typically unrated, variable-interest investments.
- What is the expense ratio of MNHYX?
- Manning & Napier Fd, Inc. High Yield Bond Series (MNHYX) charges an expense ratio of 0.88%. This is the annual fee deducted from fund assets to cover management and operations.
- What is MNHYX's dividend yield?
- MNHYX's trailing-twelve-month yield is 6.63%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of MNHYX?
- Effective duration measures MNHYX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. MNHYX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of MNHYX?
- MNHYX'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 MNHYX?
- Yield to maturity (YTM) is the total return you'd earn from MNHYX if every bond in the portfolio is held to maturity at the current price. MNHYX'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.
