# Manning & Napier Rainier International Discovery Series Class S (RISAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/risax 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: 2012-11-30 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 const... ## Key Facts | Metric | Value | |---|---| | Price | $29.35 | | Expense Ratio | 1.41% | | AUM (All Share Classes) | $357.4M | | NAV | $29.35 | | Holdings Count | — | | Distribution Yield (TTM) | 2.49% | | Annual Distribution (TTM) | $0.73 /share | | Distribution Frequency | Irregular | | 52-Week Range | $27.14 – $31.43 | | Beta | 0.91 | ## Latest Distribution - Amount: $0.7309 /share - Ex-date: 2025-12-16 - Pay date: 2025-12-16 ## Frequently Asked Questions ### 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. ### Does RISAX pay a dividend? Manning & Napier Rainier International Discovery Series Class S (RISAX) currently distributes little or no income. Trailing-twelve-month yield is 2.49%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does RISAX pay dividends? Manning & Napier Rainier International Discovery Series Class S pays dividends Irregular. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is RISAX's dividend yield? RISAX's trailing-twelve-month yield is 2.49%, calculated from the sum of dividends over the past year divided by the current price. ### When is RISAX's next ex-dividend date? The most recently announced ex-dividend date for RISAX was 2025-12-16. The next ex-date typically follows Irregular; once announced it appears at the top of the dividend history table on this page. ### How much will RISAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.41% 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 RISAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from RISAX'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 RISAX cost more than a fund like VOO? RISAX is actively managed (current expense ratio 1.41%). 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 RISAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to RISAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as RISAX (1.41%) 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/risax - Distribution history: https://www.dividenddata.com/funds/risax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/risax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/risax/expenses - Peer comparison: https://www.dividenddata.com/funds/risax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.