Manning & Napier Unconstrained Bond Series Cl S
EXCPX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Manning & Napier Unconstrained Bond Series Class S (EXCPX) is an open-end mutual fund managed by Manning & Napier Advisors, LLC that seeks long-term total return, with a secondary objective of capital preservation; under normal circumstances, it invests at least 80% of its assets in bonds and other financial instruments with economic characteristics similar to bonds, including investment-grade and high-yield corporate credit, securitized assets such as asset-backed securities and mortgage-backed securities, U.S. Treasuries, Treasury Inflation-Protected Securities (TIPS), non-U.S. dollar denominated securities, and emerging market debt; up to 50% of the portfolio may be allocated to below-investment-grade securities and up to 50% to non-U.S. dollar securities, with the use of derivatives including futures, options, swaps, and forwards to manage interest rate exposure, duration, and currency risk; the fund operates without maturity or duration constraints but targets a dynamic duration range of -3 to +8 years. The fund's sector allocation as of November 30, 2025, includes securitized credit (32.85%), corporate credit (22.40%), mortgages (21.35%), U.S. Treasuries (21.24%), cash equivalents (1.10%), and other (1.05%), with credit quality distribution featuring significant exposure to not-rated (35.13%), AA (33.94%), and AAA (10.96%) securities alongside lower-rated holdings; top holdings include U.S. Treasury notes maturing in 2027 and 2028, alongside positions in Arbor Realty Trust, Alexander Funding Trust, and various student loan and mortgage trusts; the fund serves investors seeking a nontraditional bond allocation to diversify portfolios, reduce volatility relative to core fixed income, and pursue an objectives-driven active strategy unconstrained by benchmarks. Launched on April 21, 2005, and domiciled in the United States with a net expense ratio of 0.76%, EXCPX is available to U.S. investors with a minimum initial investment of $2,000 and targets high-net-worth individuals, financial advisors, institutions, Taft-Hartley plans, small businesses, and non-profits through Manning & Napier Advisors, LLC, headquartered at 290 Woodcliff Drive, Fairport, New York, an independent investment firm founded in 1970 that manages a range of equity, fixed income, blended asset, and alternative strategies across mutual funds and separately managed accounts. Recent portfolio updates as of November 2025 reflect ongoing active management with new or increased positions such as Golub Capital Partners ABS Funding Series 2024-1A acquired in February 2024, alongside strategic adjustments to adapt to macro and credit conditions through top-down positioning and bottom-up security selection; Manning & Napier Advisors has issued 2025 mid-year and annual outlooks emphasizing resilience in fixed income amid economic shifts, with no reported acquisitions, mergers, or major strategic reorganizations for the firm in 2024-2025 but continued portfolio evolution including significant third-quarter 2025 equity holdings additions in its broader strategies.