Manning & Napier Rainier Intl Discv W (RAIWX)

Fund Assets	354.07M
Expense Ratio	0.114%
Min. Investment	$0.00
Turnover	64.00%
Dividend (ttm)	0.98
Dividend Yield	3.25%
Dividend Growth	270.09%
Payout Frequency	Annual
Ex-Dividend Date	Dec 16, 2025

Previous Close	30.22
YTD Return	7.26%
1-Year Return	9.81%
5-Year Return	8.23%
52-Week Low	27.66
52-Week High	32.05
Beta (5Y)	n/a
Holdings	108
Inception Date	Mar 1, 2019

About RAIWX

The Manning & Napier Rainier International Discovery Fund is a mutual fund focused on delivering long-term capital appreciation through strategic investments in the common stock of small- and mid-capitalization companies located outside the United States. The fund primarily targets equities in both developed and emerging international markets, selecting companies that demonstrate strong growth potential, clear earnings drivers, and attractive valuations. Employing a bottom-up, fundamental analysis approach, the investment team actively evaluates opportunities across a broad range of sectors and regions, aiming to balance growth prospects with risk controls. The fund typically aligns its market capitalization range with the MSCI ACWI ex USA Small Cap Index but retains flexibility in portfolio construction as long as holdings fit its investment criteria. Its diversified approach makes it suitable for investors seeking international diversification and exposure to dynamic smaller companies. The fund maintains a competitive cost structure among peers and is managed by an experienced team supported by a robust investment process, reinforcing its significance in the global small- and mid-cap equity segment of the financial market.

• Fund Family: Manning & Napier
• Category: Foreign Small/Mid Growth
• Performance Rating: Average
• Risk Rating: Below Average
• Stock Exchange: Nasdaq
• Ticker Symbol: RAIWX
• Share Class: Class W
• Index: MSCI ACWI Ex US Small Cap ND

Performance

RAIWX had a total return of 9.81% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.38%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FIQIX	Fidelity	Fidelity Advisor Intl Small Cap Z	0.83%
FTISX	Fidelity	Fidelity Advisor Intl Small Cap M	1.48%
FIASX	Fidelity	Fidelity Advisor Intl Small Cap A	1.22%
FIXIX	Fidelity	Fidelity Advisor Intl Small Cap I	0.98%
FISMX	Fidelity	Fidelity International Small Cap Fund	0.88%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
RAIRX	Class Z	1.01%
RAIIX	Class I	1.15%
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	$1.0913	Dec 17, 2025
Dec 12, 2024	$0.2658	Dec 13, 2024
Dec 13, 2023	$0.5463	Dec 14, 2023
Dec 13, 2022	$0.2266	Dec 14, 2022
Dec 14, 2021	$3.9476	Dec 15, 2021
Dec 15, 2020	$0.723	Dec 16, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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