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.
Fund Family Manning & Napier
Category Foreign Small/Mid Growth
Performance Rating Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol RAIRX
Share Class Class Z
Index MSCI ACWI Ex US Small Cap ND
RAIRX had a total return of 8.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.08%.
