Equity Income Series

C000131964 Fund Overview

Equity Income Series is a US mutual fund managed by Manning & Napier Fund, Inc., categorised as Emerging Markets Real Estate. 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 Real Estate
• Assets under management: $76.05M
• SEC CIK: 0000751173
• SEC series ID: S000042691
• Share class ID: C000131964

C000131964 Investment Objective and Strategy

Equity 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’ primary investment objectives are to provide current income and income growth,

Principal investment strategy

The Series seeks to provide current income and income growth, as well as long-term capital appreciation. The 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 Advisor uses a bottom-up strategy, focusing on individual security selection to identify companies that it believes will make attractive long-term investments and produce income. The Series may focus its investments in a small number of companies. The Series may invest in common stocks and other equity securities, such as preferred stocks, convertible securities, interests in real estate investment trusts (REITs), interests in business development companies (BDCs), limited partner interests in master limited partnerships (MLPs), and ETFs (defined below), as well as derivative instruments, principally options (as described below).

The Series may invest in U.S. and foreign stocks, including those in emerging markets, and American Depository Receipts (ADRs). The Series may invest in securities of small-, large-, or mid-size companies. The Advisor uses a bottom-up strategy, focusing on individual security selection to identify companies that meet its investment criteria. In selecting securities for the Series, the Advisor seeks to identify stocks of companies that meet the following criteria: Companies that have the potential to provide a growing level of dividend income going forward. Companies trading at a meaningful discount from their intrinsic value, where that value is a reflection of their current cash-generating ability rather than relying meaningfully on growth. Companies that the Advisor expects to be beneficiaries of special situations, including those driven by cycles in the economy or in the capital markets.

When the Advisor wishes to sell a security at a specified price, it may seek to generate additional gains for the Series by writing (selling) options on the underlying security. The Series may purchase shares of exchange-traded funds (ETFs), including to establish a diversified position in a particular 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 Advisor will consider selling a security if: it no longer fits the Series' investment strategies or valuation discipline; it has reached the Advisor's target sell price; or a more attractive investment opportunity is identified. 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.

C000131964 Costs and Fees

C000131964 costs about $72 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.72%
• Gross expense ratio: 0.79%
• Portfolio turnover: 40%
• Brokerage commissions: 6.91 bps of average net assets (SEC N-CEN)

C000131964 Cashflows

Over the 12 months to 2019-09, Equity Income Series had net inflows of $5.72M, from monthly SEC N-PORT filings.

C000131964 Debt Constituents

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

C000131964 Prospectus and SEC Filings

Official Equity 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 Emerging Markets Real Estate funds tracked on ABC INVEST:

• Westwood Low Volatility Equity Fund (WLVIX)
• Pzena U.S. Large Cap Value ETF (PZLV)
• Noble Absolute Return ETF (NOPE)
• Jackson Square Global Growth Fund (JSPVX)
• Jackson Square Select 20 Growth Fund (DPCEX)

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.