Manning & Napier Rainier International Discovery Series Class Z (RAIRX)
| Fund Assets | 449.67M |
| Expense Ratio | 1.01% |
| Min. Investment | $1,000,000 |
| Turnover | 66.00% |
| Dividend (ttm) | 0.05 |
| Dividend Yield | 0.18% |
| Dividend Growth | -84.61% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 28.28 |
| YTD Return | 22.83% |
| 1-Year Return | 19.01% |
| 5-Year Return | 34.28% |
| 52-Week Low | 21.55 |
| 52-Week High | 28.99 |
| Beta (5Y) | n/a |
| Holdings | 118 |
| Inception Date | Aug 21, 2017 |
About RAIRX
Manning & Napier Rainier International Discovery Series Class Z is an institutional-class mutual fund focused on international small- and mid-cap equities. Its primary objective is long-term capital appreciation, primarily investing in the common stock of companies located outside the United States, spanning both developed and emerging markets. The fund is characterized by a diversified portfolio, typically holding between 60 and 120 stocks drawn from a wide range of sectors and regions. Investment decisions are grounded in fundamental, bottom-up analysis, targeting companies that exhibit strong growth potential, identifiable earnings drivers, and attractive valuations. The fund avoids the smallest, least liquid names, instead emphasizing stable businesses with sustainable competitive advantages. With an expense ratio that is competitive versus peers, it seeks overlooked growth opportunities among non-U.S. companies generally under $5 billion in market capitalization at purchase. Manning & Napier Rainier International Discovery Series Class Z plays a significant role for investors seeking global diversification through exposure to smaller, dynamic companies outside the U.S. equity market.
Performance
RAIRX had a total return of 19.01% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.87%.
Top 10 Holdings
24.47% of assets| Name | Symbol | Weight |
|---|---|---|
| Babcock International Group PLC | BAB | 3.14% |
| Saab AB (publ) | SAAB.B | 2.99% |
| Euronext N.V. | ENX | 2.85% |
| Definity Financial Corporation | DFY | 2.70% |
| Dreyfus Government Cash Mgmt Instl | n/a | 2.37% |
| Japan Elevator Service Holdings Co.,Ltd. | 6544 | 2.22% |
| Scout24 SE | G24 | 2.18% |
| Element Fleet Management Corp. | EFN | 2.02% |
| Swissquote Group Holding Ltd | SQN | 2.01% |
| ALK-Abelló A/S | ALK.B | 1.98% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.0507 | Dec 13, 2024 |
| Dec 13, 2023 | $0.3295 | Dec 14, 2023 |
| Dec 13, 2022 | $0.0196 | Dec 14, 2022 |
| Dec 14, 2021 | $3.6442 | Dec 15, 2021 |
| Dec 15, 2020 | $0.5116 | Dec 16, 2020 |
| Dec 16, 2019 | $0.0821 | Dec 17, 2019 |