Manning & Napier Rainier International Discovery Series Class S

Frequently Asked Questions About RISAX

What does RISAX invest in?

The primary objective of this fund is to achieve significant long-term capital appreciation. It predominantly invests in the stock of small and mid-sized companies located in both developed and emerging international markets, specifically at the time these investments are made. The fund's advisor, Rainier, employs a distinctive "bottom-up" selection strategy, focusing on individual companies believed to have strong potential for future value growth. Investment decisions are based on in-depth analysis of these specific businesses, rather than on broader economic predictions. A specific constraint limits investments in participatory notes to generally no more than 25% of the fund's net assets upon their acquisition.

What is the expense ratio of RISAX?

Manning & Napier Rainier International Discovery Series Class S (RISAX) charges an expense ratio of 1.41%. This is the annual fee deducted from fund assets to cover management and operations.

How big is RISAX?

Manning & Napier Rainier International Discovery Series Class S (RISAX) is one share class of a fund that manages $357.4M across all of its share classes (RAIIX 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 RISAX actively managed or an index fund?

RISAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (RISAX's is 1.41%) in exchange for the discretion to over- or under-weight positions.

When was RISAX launched?

Manning & Napier Rainier International Discovery Series Class S (RISAX) launched in November 2012 and is managed by the fund issuer.

How has RISAX performed?

RISAX'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.