Manning & Napier Rainier International Discovery Series

Frequently Asked Questions About RAIIX

What does RAIIX invest in?

The fund primarily allocates its capital to the common stock of small and mid-sized enterprises situated in both established and developing international markets, as evaluated at the point of acquisition. Rainier's investment philosophy centers on identifying companies whose shares are projected to appreciate over time, with choices driven by rigorous examination of individual businesses rather than broad macroeconomic predictions. Typically, no more than one-quarter of the fund's total assets will be committed to participatory notes upon their initial purchase.

What is the expense ratio of RAIIX?

Manning & Napier Rainier International Discovery Series (RAIIX) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RAIIX?

Manning & Napier Rainier International Discovery Series (RAIIX) manages $376.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is RAIIX actively managed or an index fund?

RAIIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was RAIIX launched?

Manning & Napier Rainier International Discovery Series (RAIIX) launched in March 2012 and is managed by the fund issuer.

How has RAIIX performed?

RAIIX'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.