International Series

C000010096 Fund Overview

International Series is a US mutual fund managed by Manning & Napier Fund, Inc., categorised as Emerging Markets Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Manning & Napier Fund, Inc.
• Category: Emerging Markets Multi-Cap / All-Cap Blend / Core Equity
• Assets under management: $315.10M
• SEC CIK: 0000751173
• SEC series ID: S000003630
• Share class ID: C000010096

C000010096 Investment Objective and Strategy

International Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Manning & Napier Fund, Inc..

Investment objective

The Series’ investment objective is to provide long-term growth by investing principally in the common stocks of companies located outside the United States.

Principal investment strategy

The Series invests primarily in common stocks of foreign companies, which may be located both in developed and in emerging markets. The Series may also invest in American Depository Receipts (ADRs) and other U.S. dollar denominated securities of foreign issuers. The Advisor examines environmental risk factors, changes in macroeconomic variables, and equity market valuations of countries. This examination allows the Advisor to pinpoint investment opportunities being created by economic trends, political changes, demographic shifts, and government reforms taking place around the world, and also identify broad themes that cut across countries or issuers. This approach is called a top-down investment strategy, and is different from many stock funds because the Advisors primary focus is not on bottom-up individual stock selection.

Rather, the Advisor focuses on actively managing the Series allocations to regions, countries, country-sectors, and currencies in accordance with the viewpoints generated from country analysis. The Series implements each top-down view by purchasing securities that it believes will benefit from those views. In building the portfolio, the Advisor seeks to minimize company- and security-specific risk by using a diversified basket approach to security selection and by taking into consideration current valuations as well as company-specific risk factors. The Series may invest in stocks of small-, large-, or mid-size companies. The Series may purchase shares of exchange-traded funds (ETFs), including to establish a diversified position in a particular country, region, or market sector or to manage cash flows.

The Advisor believes that purchasing ETFs may allow it to manage the Series portfolio more efficiently than would otherwise be possible. The Series may invest in cash and cash equivalents for defensive purposes or when seeking other investment opportunities. The Series may, but is not required to, undertake hedging activities and may invest in forward foreign currency contracts to hedge currency risks associated with the purchase of individual securities denominated in a foreign currency. The Series typically holds baskets of stocks in each top-down theme that it has identified. The Advisor may consider selling the entire basket for one or more of the following reasons: its view of the theme under which the basket was purchased deteriorates; the Advisor's expectations for the theme have been met; or a more attractive theme is identified.

In addition, the Advisor may consider selling individual securities within a basket for one or more of the following reasons: company-specific risks increase, reducing the security's fit within the basket's theme; or other securities are identified that better fit within the basket's theme. There are no prescribed limits on the sector allocation of the Series' investments and, from time to time, the Series may focus its investments in one or more sectors.

C000010096 Costs and Fees

C000010096 costs about $112 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.12%
• Gross expense ratio: 1.17%
• Portfolio turnover: 129%
• Brokerage commissions: 37.29 bps of average net assets (SEC N-CEN)

C000010096 Cashflows

Over the 12 months to 2019-09, International Series had net inflows of $23.21M, from monthly SEC N-PORT filings.

C000010096 Debt Constituents

No individual debt constituents are reported in International Series's latest SEC N-PORT filing.

C000010096 Prospectus and SEC Filings

Official International Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-03-19
• Prospectus (485BPOS) — filed 2018-05-14
• Prospectus (485BPOS) — filed 2017-05-11
• Portfolio holdings (N-PORT) — filed 2019-11-21
• Annual census (N-CEN) — filed 2019-03-12

Related Funds

Other Emerging Markets Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:

• Delaware Emerging Markets Fund (DEMAX)
• WisdomTree Emerging Markets High Dividend Fund (DEM)
• Martin Currie SMASh Series EM Fund (LCSMX)
• Invesco Developing Markets Fund (GTDDX)
• Emerging Markets ex China Core Equity Portfolio (DAADX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.