About EXCPX
Manning & Napier Unconstrained Bond Series Class S is an actively managed mutual fund focused on fixed income with a flexible, objectives-driven mandate. Its primary goal is long-term total return, with a secondary emphasis on preservation of capital. The strategy invests at least 80% of assets in bonds and bond-like instruments, and can allocate across investment‑grade and high yield credit, securitized assets, Treasuries, TIPS, and non-U.S. dollar securities, including emerging markets. The portfolio may use derivatives—such as futures, options, swaps, and forwards—to manage interest-rate exposure, duration, or currency risk. Without maturity constraints, the team targets a dynamic duration range and has historically maintained a shorter effective duration profile relative to broad bond benchmarks, paired with meaningful allocations to securitized credit. Managed by Manning & Napier’s fixed income group, the fund seeks to adapt to changing macro and credit conditions through top‑down positioning and bottom‑up security selection, offering a diversified, nontraditional bond sleeve that can complement core fixed income allocations.
Fund Family Manning & Napier
Category Nontraditional Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol EXCPX
Share Class Class S
Index FTSE 3 Months Treasury Bill TR
EXCPX had a total return of 2.90% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.94%.
