Manning & Napier Fd, Inc. High Yield Bond Series
MNHYX
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USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 290 Woodcliff Drive Fairport NY United States of America 14450
- IPO Date
- Sep 15, 2009
- CIK
- 0000751173
- Website
- am.manning-napier.com
- Similar Companies
- Business
- Manning & Napier High Yield Bond Series Class S (MNHYX) is a mutual fund that seeks a high level of long-term total return by investing principally in non-investment grade fixed income securities issued by corporate and government entities; under normal circumstances, the fund invests at least 80% of its assets in bonds rated below investment grade, commonly known as junk bonds, and securities such as exchange-traded funds designed to track the performance of non-investment grade securities. The portfolio primarily comprises corporate credit (approximately 96.62%), with allocations to securitized credit and cash equivalents; credit quality distribution includes BB-rated (41.11%), B-rated (35.48%), not rated (12.65%), and smaller portions in BBB, CCC, and D-rated securities. Top holdings as of September 30, 2025, feature senior secured and global notes from issuers such as Venture Global LNG Inc. (9.500% due 2029 at 2.05%), APH Somerset (7.875% due 2029 at 1.98%), Organon & Co. (5.125% due 2031 at 1.95%), BGC Group Inc. (6.600% due 2029 at 1.83%), and Owens & Minor Inc. (6.625% due 2030 at 1.76%). The fund, with a net expense ratio of 0.91% including a 12b-1 fee, targets investors seeking long-term bond exposure willing to accept interest rate and credit risks associated with high-yield securities; it maintains a minimum initial investment of $2,000, waivable for certain retirement plans and automatic investment programs. Managed by Manning & Napier Advisors, Inc., a Fairport, New York-based investment firm founded in 1970, the fund operates primarily in U.S. markets but includes non-U.S. bonds (23.37% of assets); it serves high-net-worth individuals, institutions, 401(k) plans, pensions, endowments, and third-party advisors through Manning & Napier's broader offerings of equity, fixed income, and multi-asset strategies. Launched on September 14, 2009, with assets under management around $230 million for the Class S shares as of recent data, the fund has delivered annualized returns of 10.50% over three years, 7.21% over five years, and 6.77% over ten years through September 30, 2025. No major acquisitions, partnerships, funding rounds, or strategic shifts specific to the fund or Manning & Napier have been reported in the last 1-2 years; the firm continues to emphasize its core active fixed income management amid stable operations from its headquarters at 290 Woodcliff Drive, Fairport, NY.