The Manning & Napier Pro-Blend funds employ a distinctive strategy backed by a veteran team with strengths in equities and asset allocation. The Max Term and Extended Term funds, which invest primarily in stocks, earn Morningstar Analyst Ratings of Gold and Silver, respectively, for their very cheap W shares, Bronze ratings for other share classes, and Neutral ratings for the most-expensive ones. But a small fixed income team causes the bond-heavy Moderate Term and Conservative Term funds to earn Neutral ratings across their share classes with the exception of a Silver for Conservative’s W shares and a Bronze for Moderate’s W shares.
Will MNBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MNBAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the MNBAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of MNBAX’s parent organization’s priorities and whether they’re in line with investors’ interests.