About MNCPX
Manning & Napier Unconstrained Bond Series Class I is an actively managed mutual fund in the nontraditional bond category. Its primary objective is to provide long-term total return, with a secondary focus on preservation of capital. The strategy employs a flexible, top‑down and bottom‑up approach to build a diversified fixed income portfolio, adjusting exposures as market conditions evolve. The fund typically maintains an expected duration range of 0 to 5 years and has no strict maturity or duration limits, enabling tactical interest rate positioning. Under normal circumstances, it invests at least 80% of assets in bonds and related financial instruments, including the use of derivatives to manage risk and implement views. Portfolio guidelines allow a mix of investment‑grade and high yield credit as well as non‑U.S. dollar securities, including emerging markets, to broaden sources of income and diversification. The series is team‑managed by Manning & Napier’s Fixed Income Group and is positioned within institutional share class economics. In practice, holdings span U.S. Treasuries, securitized credit, and selective corporate exposures, reflecting its flexible, multi‑sector mandate.
Fund Family Manning & Napier
Category Nontraditional Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MNCPX
Share Class Class I
Index FTSE 3 Months Treasury Bill TR
MNCPX had a total return of 3.27% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.05%.
