About MUBWX
Manning & Napier Unconstrained Bond Series Class W is an actively managed mutual fund focused on generating long-term total return with a secondary objective of capital preservation. The strategy invests at least 80% of assets in bonds and bond-like instruments and employs a flexible, objectives-driven approach rather than tracking a benchmark. The portfolio can allocate up to 50% to below investment-grade securities and up to 50% to non-U.S. dollar bonds, including emerging markets, and may use derivatives such as futures, options, swaps, and forwards to manage interest rates, duration, or currency exposure. Duration positioning is unconstrained, with a stated range expected between -3 and 8 years, allowing the team to adapt to shifting macro conditions and interest-rate cycles. The series utilizes top-down guidelines combined with bottom-up security selection, with meaningful use of securitized credit, U.S. Treasuries, and tactical credit exposures as market conditions warrant. The fund is designed to serve as a nontraditional bond allocation within diversified portfolios, aiming to broaden fixed income opportunity sets and manage volatility through active risk management.
Fund Family Manning & Napier
Category Nontraditional Bond
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol MUBWX
Share Class Class W
Index FTSE 3 Months Treasury Bill TR
MUBWX had a total return of 3.55% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.75%.
