Manning & Napier Diversified Tax Exempt Series Fund Class W (MNDWX)
| Fund Assets | 175.65M |
| Expense Ratio | 0.12% |
| Min. Investment | $2,000 |
| Turnover | 30.00% |
| Dividend (ttm) | 0.29 |
| Dividend Yield | 2.75% |
| Dividend Growth | 25.98% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 27, 2026 |
| Previous Close | 10.46 |
| YTD Return | -0.40% |
| 1-Year Return | 3.92% |
| 5-Year Return | 4.33% |
| 52-Week Low | 10.24 |
| 52-Week High | 10.68 |
| Beta (5Y) | n/a |
| Holdings | 131 |
| Inception Date | Mar 1, 2019 |
About MNDWX
Manning & Napier Diversified Tax Exempt Series Fund Class W is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from federal income tax while emphasizing capital preservation. The strategy primarily invests in a diversified portfolio of U.S. municipal securities, allocating across states, sectors, and credit tiers to balance income generation with risk control. The fund is positioned for investors seeking tax-advantaged income and long-term exposure to the municipal market, with interest rate sensitivity typical of high-quality muni portfolios. Class W shares are offered exclusively to discretionary investment accounts and other accounts managed by the advisor, reflecting an institutional-style share class structure tied to advisory relationships. Within the broader fixed income landscape, the fund serves as a core tax-exempt bond allocation, complementing taxable bond holdings and equity exposures by potentially reducing overall portfolio tax drag and adding resilience during equity market volatility. Its track record references the long-standing history of the series, with Class W performance linked to the same underlying portfolio as other classes, differing primarily by expenses.
Performance
MNDWX had a total return of 3.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.25%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| EXDVX | Class A | 0.42% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 27, 2026 | $0.0263 | Apr 28, 2026 |
| Mar 26, 2026 | $0.0278 | Mar 27, 2026 |
| Feb 24, 2026 | $0.0245 | Feb 25, 2026 |
| Jan 27, 2026 | $0.0183 | Jan 28, 2026 |
| Dec 16, 2025 | $0.0278 | Dec 17, 2025 |
| Nov 24, 2025 | $0.0225 | Nov 25, 2025 |