Manning & Napier Rainier International Discovery Series Class S (RISAX)

Fund Assets	354.07M
Expense Ratio	1.468%
Min. Investment	$2,000
Turnover	64.00%
Dividend (ttm)	0.62
Dividend Yield	2.11%
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	Dec 16, 2025

Previous Close	29.46
YTD Return	6.19%
1-Year Return	7.84%
5-Year Return	0.43%
52-Week Low	27.14
52-Week High	31.43
Beta (5Y)	0.95
Holdings	108
Inception Date	Nov 30, 2012

About RISAX

Manning & Napier Rainier International Discovery Series Class S is a mutual fund focused on providing long-term capital appreciation by investing primarily in the common stock of small- and mid-capitalization companies located outside the United States. The fund seeks to uncover dynamic growth opportunities across both developed and emerging international markets by utilizing fundamental, bottom-up stock selection. Emphasizing companies with robust growth potential, clear earnings drivers, and attractive valuations, the investment team evaluates businesses across all sectors and regions, seeking to build a diversified portfolio of non-U.S. equities. Managed in collaboration with Rainier Investment Management as sub-advisor, the fund aims to capture international growth trends while controlling risk by avoiding extreme deviations from its benchmark. The Class S shares cater to investors looking to diversify their equity exposure beyond the U.S. through accessible minimum investments and are suitable for those committed to a longer-term investment horizon and who are willing to accept the risks inherent in foreign equity markets. The fund’s historical performance reflects its strategy of targeting international small- and mid-cap growth stocks, positioning it as a specialized option within the broader global equity landscape.

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

Performance

RISAX had a total return of 7.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.93%.

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
RAIWX	Class W	0.11%
RAIRX	Class Z	1.01%
RAIIX	Class I	1.15%

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	$0.7309	Dec 17, 2025
Dec 13, 2023	$0.2286	Dec 14, 2023
Dec 14, 2021	$3.5943	Dec 15, 2021
Dec 15, 2020	$0.511	Dec 16, 2020
Dec 17, 2018	$0.0224	Dec 18, 2018
Dec 15, 2015	$0.00785	Dec 15, 2015

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:

Oct 16, 2026

Data Sources Report a data error