About MNHYX
Manning & Napier High Yield Bond Series Class S is a mutual fund that primarily seeks to provide a high level of income, with capital appreciation as a secondary objective, through investments in non-investment grade fixed income securities known as high yield or junk bonds. Under normal circumstances, the fund allocates at least 80% of its assets to these bonds of varying maturities and durations, along with derivative instruments and exchange-traded funds that mimic their economic characteristics, focusing on corporate credit issuers across sectors like energy, healthcare, automotive, and real estate. As of late 2025, its portfolio features a concentrated holding of around 90 securities, with credit quality predominantly in BB (47.68%) and B (47.96%) ratings, minimal exposure to higher-risk CCC, and a sector allocation heavily weighted toward corporate credit at approximately 97%. Managed with a risk-conscious approach, the fund maintains a net expense ratio of 0.85% to 0.91%, no front or back loads, and serves investors aiming to diversify portfolios with income-generating fixed income amid interest rate risks. With total assets around $1.2 to $1.4 billion, it plays a key role in the high yield bond segment, offering potential for total return in non-investment grade markets.
Fund Family Manning & Napier
Category High Yield Bond
Performance Rating High
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol MNHYX
Share Class Class S
Index ICE BofA US High Yield Cash Pay TR USD
MNHYX had a total return of 5.22% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.87%.
