Income Series

C000116168 Fund Overview

Income Series is a US mutual fund managed by Manning & Napier Fund, Inc., categorised as Balanced 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: Balanced Allocation
• Assets under management: $39.26M
• SEC CIK: 0000751173
• SEC series ID: S000037679
• Share class ID: C000116168

C000116168 Investment Objective and Strategy

Income 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 manage against capital risk while generating income and pursuing long-term capital growth.

Principal investment strategy

"The Series is designed to generate income, pursue capital growth in order to provide purchasing power protection, and to manage risk. The Series seeks to achieve its investment objective by investing in a combination of other Series of the Manning & Napier Fund, Inc. and advised by the Advisor (the underlying funds) according to an asset allocation strategy. The Series may invest in a combination of the Core Bond Series, Disciplined Value Series, Equity Income Series, Global Fixed Income Series, High Yield Bond Series, Real Estate Series, and Unconstrained Bond Series, as well as other Series of the Fund. As of March 31, 2018, the Series target allocation among the underlying funds was as follows: Core Bond Series 34% Disciplined Value Series 22% Equity Income Series 21% High Yield Bond Series 5% Real Estate Series 8% Unconstrained Bond Series 10% The Core Bond Series will invest, under normal circumstances, at least 80% of its net assets in investment grade bonds and other financial instruments, primarily exchange-traded funds (ETFs), with economic characteristics similar to bonds.

The Core Bond Series is not subject to any maturity or duration restrictions, but will vary its average dollar weighted portfolio maturity and duration depending on the Advisor's outlook for yields. The Disciplined Value Series will, under normal circumstances, invest at least 80% of its assets in dividend-paying common stocks. In selecting stocks for the Disciplined Value Series, the Advisor uses a systematic process to identify stocks of U.S. companies that it believes are undervalued in the market, based on factors such as free cash flow generation and earnings power, and that meet other investment criteria relating to minimum dividend yield, dividend sustainability, and financial health. The Disciplined Value Series invests primarily in the common stocks of mid- to large- capitalization companies (generally companies with market capitalizations at the time of purchase within the market capitalization range of the companies comprising the Russell 1000 Value Index).

The Equity Income Series will invest, under normal circumstances, at least 80% of its net assets in equity securities. It invests primarily in income-producing equity securities. The Equity Income Series may invest in securities of small, large or mid-size companies, and it may also invest in interests in business development companies (BDCs) and limited partner interests in master limited partnerships (MLPs). The Equity Income Series may also invest in derivative instruments, as it may write (sell) options on securities. The Global Fixed Income Series will invest, under normal circumstances, at least 80% of its assets in fixed income securities. These securities may be issued by issuers located anywhere in the world, including emerging markets. Under normal circumstances, the Global Fixed Income Series will invest at least 40% of its net assets in securities issued by non-U.S.

companies or non-U.S. governments, their agencies, or instrumentalities. The Global Fixed Income Series invests primarily in investment grade securities but may invest up to 20% of its assets in lower quality bonds, commonly known as ""junk bonds,"" The Global Fixed Income Series is not subject to any maturity or duration restrictions but will vary its average dollar-weighted portfolio maturity and duration depending on the Advisor's outlook for yields and currency fluctuations. The High Yield Bond Series will invest, under normal circumstances, at least 80% of its net assets in bonds that are rated below investment grade (junk bonds) and other securities, primarily ETFs, that are designed to track the performance of non-investment grade securities. The High Yield Bond Series is not subject to any maturity or duration restrictions but will vary its average dollar weighted portfolio maturity and duration depending on the Advisors outlook for yields.

The Real Estate Series will invest, under normal circumstances, at least 80% of its net assets in securities of companies that are principally engaged in the real estate industry. The Real Estate Series may invest in equity securities, including convertible securities, of small-, large-, or mid-size companies, and it may also invest in debt securities, typically investment grade securities. The Real Estate Series may also invest in derivative instruments, as it may write (sell) options on securities. The Unconstrained Bond Series will invest, under normal circumstances, at least 80% of its net assets in bonds and other financial instruments, principally derivative instruments and ETFs, with economic characteristics similar to bonds. The Unconstrained Bond Series is not subject to any maturity or duration restrictions but its average dollar-weighted portfolio duration will normally vary from negative 3 years to positive 8 years depending on the Advisors outlook for yields.

The Unconstrained Bond Series may invest up to 50% of its assets in below investment grade securities (also referred to as junk bonds) and may invest up to 50% of its assets in non-U.S. dollar denominated securities, including securities issued by companies located in emerging markets. The Unconstrained Bond Series may also invest in derivative instruments, as it may invest in options, futures, forwards and swaps. The Series is managed with a less conservative asset allocation than the Strategic Income Conservative Series. The asset allocation range for the Series is expected to be 35%-65% in the underlying stock funds and 35%-65% in the underlying bond funds. The Series management team will actively adjust the Series allocation to the underlying funds in accordance with its investment goal and the Advisors view of prevailing market conditions, such as market trends, its outlook for a given asset class, and the underlying funds performance in various market conditions.

Accordingly, the Series allocation to a particular underlying fund may increase or decrease throughout the year and the Series may have no allocation to a particular underlying fund during the year. At any given time, the Series allocation to the underlying funds may be affected by a number of factors, such as the performance of the underlying funds and the size and frequency of purchase and redemption orders."

C000116168 Costs and Fees

C000116168 costs about $63 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.63%
• Gross expense ratio: 0.87%
• Portfolio turnover: 51%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000116168 Cashflows

Over the 12 months to 2019-09, Income Series had net inflows of $16.21M, from monthly SEC N-PORT filings.

C000116168 Debt Constituents

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

C000116168 Prospectus and SEC Filings

Official Income 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 Balanced Allocation funds tracked on ABC INVEST:

• American Balanced Fund (ABALX)
• Vanguard Wellington Fund (VWELX)
• Franklin Income Fund (FKINX)
• T. Rowe Price Capital Appreciation Fund, Inc. (PRWCX)
• Vanguard Balanced Index Fund (VBINX)

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.