Target Income Series
Data updated: 2020-09-25
C000059039 — Target Income Series. Target Date / Glide Path Allocation · $73.43M AUM · 1.15% expense ratio. Holdings, fees, performance and SEC filings.
C000059039 Fund Overview
Target Income Series is a US mutual fund managed by Manning & Napier Fund, Inc., categorised as Target Date / Glide Path Allocation. 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: Target Date / Glide Path Allocation
- Assets under management: $73.43M
- 1-year return: 8.0%
- SEC CIK: 0000751173
- SEC series ID: S000020890
- Share class ID: C000059039
C000059039 Investment Objective and Strategy
Target Income Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Manning & Napier Fund, Inc..
Investment objective
To provide current income and,
Principal investment strategy
The Series seeks to achieve its investment objective by investing in the Manning & Napier Blended Asset Conservative Series, and is currently 100% invested in the Blended Asset Conservative Series. The Blended Asset Conservative Series invests primarily in fixed income securities, including U.S. Treasury securities, and U.S. and foreign mortgage-backed and asset-backed securities and corporate bonds. The Blended Asset Conservative Series invests primarily in investment grade fixed income securities with short- to intermediate-term maturities of 3 to 5 years but may also invest in longer term securities (such as bonds with maturities of 10 years or more) and non-investment grade securities (junk bonds). The Blended Asset Conservative Series stock holdings may include dividend-paying common stocks as well as other U.S.
and foreign stocks, including those in emerging markets, and American Depository Receipts, of companies with any market capitalization. With respect to the portion of the Blended Asset Conservative Series that is invested in dividend-paying common stocks, the Advisor uses a systematic process to construct a portfolio consisting primarily of companies trading on U.S. stock exchanges that it believes will provide competitive returns consistent with the broad equity market while also providing a level of capital protection during sustained market downturns. The Blended Asset Conservative Series may also invest in securities of U.S. and foreign issuers in the real estate industry, including equity and mortgage real estate investment trusts (REITs) and real estate operating companies (REOCs). There are no prescribed limits on the sector allocations of the Blended Asset Conservative Series investments and, from time to time, the Series may focus its investments in one or more sectors.
The Blended Asset Conservative Series may also invest in derivative instruments. The Blended Asset Conservative Series principally writes (sells) options on securities, and buys and sells futures contracts based on fixed income securities, interest rates and currencies. The Series investment in the Blended Asset Conservative Series is expected to remain fixed over time. However, the Advisor may invest a limited portion of the Series assets in the Blended Asset Moderate Series if circumstances warrant a change. These circumstances may include factors affecting the overall economy or financial markets or factors that specifically relate to the Blended Asset Conservative Series, its assets, or its asset allocation strategies. The Series may also invest directly in equity and fixed income securities and cash equivalents, including money market securities.
The Series is designed to provide investors with investment management and asset allocation.
C000059039 Performance
Total returns for C000059039 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.0% |
C000059039 Risk Information
Risk metrics for C000059039, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.1%
C000059039 Costs and Fees
C000059039 costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.24%
- Portfolio turnover: 12%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000059039 Cashflows
Over the 12 months to 2020-07, Target Income Series had net inflows of $25.04M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-07 | $6.46M |
| 2020-06 | $1.63M |
| 2020-05 | $331.98K |
| 2020-04 | $1.01M |
| 2020-03 | $1.09M |
| 2020-02 | $667.40K |
C000059039 Debt Constituents
No individual debt constituents are reported in Target Income Series's latest SEC N-PORT filing.
C000059039 Prospectus and SEC Filings
Official Target Income Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-12
- Prospectus (485BPOS) — filed 2019-03-19
- Prospectus (485BPOS) — filed 2018-03-20
- Portfolio holdings (N-PORT) — filed 2020-09-25
- Portfolio holdings (N-PORT) — filed 2020-06-24
- Portfolio holdings (N-PORT) — filed 2020-03-26
- Annual census (N-CEN) — filed 2020-01-13
- Annual census (N-CEN) — filed 2019-01-11
Related Funds
Other Target Date / Glide Path Allocation funds tracked on ABC INVEST:
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.