Manning & Napier Rainier International Discovery Series Class I (RAIIX)

Fund Assets	364.44M
Expense Ratio	1.15%
Min. Investment	$1,000,000
Turnover	64.00%
Dividend (ttm)	0.80
Dividend Yield	2.56%
Dividend Growth	2,417.30%
Payout Frequency	Annual
Ex-Dividend Date	Dec 16, 2025

Previous Close	31.51
YTD Return	11.12%
1-Year Return	12.18%
5-Year Return	5.73%
52-Week Low	27.71
52-Week High	32.07
Beta (5Y)	0.91
Holdings	108
Inception Date	Mar 28, 2012

About RAIIX

Manning & Napier Rainier International Discovery Series Class I is an institutional mutual fund focused on long-term capital appreciation by investing primarily in the common stock of small- and mid-capitalization companies outside the United States. The fund seeks to uncover growth opportunities across developed and emerging international markets, targeting firms that typically fall within the market capitalization range of the MSCI ACWI ex USA Small Cap Index at the time of purchase. Its investment approach is rooted in rigorous fundamental analysis and a bottom-up stock selection process, favoring companies that demonstrate strong growth prospects, clear earnings drivers, and compelling valuations. The portfolio is broadly diversified across various sectors and geographic regions, aiming to balance growth potential with prudent risk management. Managed by a seasoned team, the fund is designed for investors seeking diversification through exposure to dynamic, non-U.S. small- and mid-cap equities, and offers a disciplined strategy for capitalizing on international growth trends over the long term.

• Fund Family: Manning & Napier
• Category: Foreign Small/Mid Growth
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: RAIIX
• Share Class: Class I
• Index: MSCI ACWI Ex US Small Cap ND

Performance

RAIIX had a total return of 12.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.65%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
RAIWX	Class W	0.11%
RAIRX	Class Z	1.01%
RISAX	Class S	1.41%

Top 10 Holdings

24.11% of assets

Name	Symbol	Weight
Euronext N.V.	ENX	2.84%
BNY Dreyfus Govt Cash Mgmt Instl	DGCXX	2.75%
Mebuki Financial Group,Inc.	7167	2.73%
Definity Financial Corporation	DFY	2.59%
Sojitz Corporation	2768	2.56%
Diploma PLC	DPLM	2.39%
ALK-Abelló A/S	ALK.B	2.26%
Gaztransport & Technigaz SA	GTT	2.16%
Babcock International Group PLC	BAB	2.10%
Kyoto Financial Group,Inc.	5844	1.74%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 16, 2025	$0.8005	Dec 17, 2025
Dec 12, 2024	$0.0318	Dec 13, 2024
Dec 13, 2023	$0.2983	Dec 14, 2023
Dec 14, 2021	$3.6207	Dec 15, 2021
Dec 15, 2020	$0.511	Dec 16, 2020
Dec 16, 2019	$0.0608	Dec 17, 2019

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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