About MHYWX
Manning & Napier High Yield Bond Series Class W is a mutual fund that seeks a high level of long-term total return primarily through investments in non-investment grade fixed income securities, known as junk bonds, issued by corporate and government entities. Under normal circumstances, it allocates at least 80% of its assets to these high yield bonds and related instruments, such as exchange-traded funds tracking similar securities, with a heavy emphasis on corporate credit comprising over 97% of the portfolio. Notable holdings include senior global notes from issuers like Minerva Luxembourg S.A., Owens & Minor Inc., and Terraform Power Oper LLC, alongside minimal exposures to securitized credit, cash equivalents, and other assets. Designed exclusively for discretionary investment accounts and those managed by the advisor, this Class W share class features a low net expense ratio of 0.11%, supported by contractual fee waivers. It plays a key role in fixed income markets by offering income potential and portfolio diversification for investors tolerant of credit and interest rate risks, within the high yield bond category characterized by low credit quality and limited interest rate sensitivity.
Fund Family Manning & Napier
Category High Yield Bond
Performance Rating High
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MHYWX
Share Class Class W
Index ICE BofA US High Yield Cash Pay TR USD
MHYWX had a total return of 5.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.88%.
