Separately Managed Accounts
Core Equity – Unrestricted
Investment Objective
To maximize returns over the long-term through consistent participation in stocks and other equity instruments.
Investment Team
The portfolio is managed by a team of tenured research professionals who are responsible for evaluating bottom-up stock recommendations based on strategy fit and valuation measures as well as incorporating the firm’s market and economic overviews into oversight of total portfolio positioning.
Composition
At least 90% of the portfolio is invested in equities, to achieve stock market participation. Though the portfolio is comprised primarily of U.S. securities, we are also allowed to invest in non-U.S. securities.
90% - 100% Equities
Investment Process
For more than 50 years, a consistent, proprietary, bottom-up driven investment process has been employed to build diversified portfolios of individual securities. Manning & Napier’s equity analysts search the global investment universe for portfolio candidates that meet criteria for our one of our three proprietary stock selection strategies - Strategic Profile, Hurdle Rate, and Bankable Deal. Companies are evaluated using fundamental analysis to determine strategy fit, and strict pricing disciplines are used to establish buy and sell targets based on fair market value. When an analyst recommends a stock to the Core Team for inclusion in the portfolio, that portfolio management group determines whether to accept the recommendation, put it on the “firedrill” list, or reject it. Each holding is continuously monitored based on our strategy fit and valuation criteria, and the portfolio's overall risk exposures are regularly evaluated by the team.
The Manning & Napier Core Equity – Unrestricted Composite is a weighted average of discretionary separately managed accounts with a Core Equity – Unrestricted objective. Accounts in this composite must have a market value greater than $500,000 and tenure of at least one month under our management. This composite includes accounts invested primarily in the U.S. with some non-U.S. equities. The investment objective of accounts in this composite is to maximize returns over the long-term through consistent participation in stocks and other equity instruments. This composite includes separately managed accounts that may have a portion of their assets invested in proprietary asset class mutual funds, which may be declined or may not be permitted through the selection of some custodial programs. Net-of-fee returns shown reflect the deduction of a model advisory fee applied to the Gross-of-fee returns on a monthly basis. The model advisory fee is determined by applying the strategy’s tiered fee schedule to every account included in the composite, and is inclusive of management fees, advisory fees, and custody fees for Manning & Napier’s affiliated trust company, Exeter Trust Company. Actual account level fees will vary with size and circumstances and these fee differentials would impact returns accordingly. Returns shown do not reflect the deduction of fees paid to an investor’s personal financial advisor, solicitations fees, or third-party custodian costs, as applicable. Past performance does not guarantee future results. All returns were earned in USD and are stated here in USD. All data are subject to revision. Performance for periods greater than one year is annualized.
Investment Objective
To maximize returns over the long-term through consistent participation in stocks and other equity instruments.
Investment Team
The portfolio is managed by a team of tenured research professionals who are responsible for evaluating bottom-up stock recommendations based on strategy fit and valuation measures as well as incorporating the firm’s market and economic overviews into oversight of total portfolio positioning.
Composition
At least 90% of the portfolio is invested in equities, to achieve stock market participation. Though the portfolio is comprised primarily of U.S. securities, we are also allowed to invest in non-U.S. securities.
90% - 100% Equities
Investment Process
For more than 50 years, a consistent, proprietary, bottom-up driven investment process has been employed to build diversified portfolios of individual securities. Manning & Napier’s equity analysts search the global investment universe for portfolio candidates that meet criteria for our one of our three proprietary stock selection strategies - Strategic Profile, Hurdle Rate, and Bankable Deal. Companies are evaluated using fundamental analysis to determine strategy fit, and strict pricing disciplines are used to establish buy and sell targets based on fair market value. When an analyst recommends a stock to the Core Team for inclusion in the portfolio, that portfolio management group determines whether to accept the recommendation, put it on the “firedrill” list, or reject it. Each holding is continuously monitored based on our strategy fit and valuation criteria, and the portfolio's overall risk exposures are regularly evaluated by the team.
The Manning & Napier Core Equity – Unrestricted Composite is a weighted average of discretionary separately managed accounts with a Core Equity – Unrestricted objective. Accounts in this composite must have a market value greater than $500,000 and tenure of at least one month under our management. This composite includes accounts invested primarily in the U.S. with some non-U.S. equities. The investment objective of accounts in this composite is to maximize returns over the long-term through consistent participation in stocks and other equity instruments. This composite includes separately managed accounts that may have a portion of their assets invested in proprietary asset class mutual funds, which may be declined or may not be permitted through the selection of some custodial programs. Net-of-fee returns shown reflect the deduction of a model advisory fee applied to the Gross-of-fee returns on a monthly basis. The model advisory fee is determined by applying the strategy’s tiered fee schedule to every account included in the composite, and is inclusive of management fees, advisory fees, and custody fees for Manning & Napier’s affiliated trust company, Exeter Trust Company. Actual account level fees will vary with size and circumstances and these fee differentials would impact returns accordingly. Returns shown do not reflect the deduction of fees paid to an investor’s personal financial advisor, solicitations fees, or third-party custodian costs, as applicable. Past performance does not guarantee future results. All returns were earned in USD and are stated here in USD. All data are subject to revision. Performance for periods greater than one year is annualized.