Manning & Napier Fd, Real Estate Series Class I
MNRIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 290 Woodcliff Drive Fairport NY 14450
- IPO Date
- Aug 2, 2012
- CIK
- 0000751173
- Similar Companies
- Business
- Manning & Napier Fund, Inc. - Real Estate Series Class I (MNRIX) is a mutual fund that seeks high current income and long-term capital appreciation by investing, under normal circumstances, at least 80% of its net assets in securities of companies principally engaged in the real estate industry, including equity REITs, mortgage REITs, real estate operating companies, and other real estate-related securities such as preferred stocks and convertible securities; the fund may also employ derivatives, such as futures and options, for hedging and investment purposes. Managed by Manning & Napier Advisors, LLC, the fund operates within the broader financial services sector, targeting institutional and high-net-worth individual investors seeking exposure to U.S. real estate markets through a diversified portfolio emphasizing bottom-up security selection and macroeconomic analysis. The fund, available with a minimum investment of $2,000, complements Manning & Napier's suite of mutual funds spanning lifecycle, U.S. and non-U.S. equity, fixed income, and multi-asset strategies. Manning & Napier Advisors, LLC, founded in 1970 and headquartered in Fairport, New York, with additional offices in St. Petersburg, Florida, serves a diversified client base including financial advisors, Taft-Hartley plans, endowments, foundations, and retirement plans across the United States. The firm was taken private in October 2022 through its acquisition by Callodine Group LLC, a Boston-based asset manager, in a transaction valued at a 41% premium to prior share prices, enabling enhanced collaboration on client solutions and strategic growth without public market pressures. No major acquisitions, funding rounds, partnerships, or product launches specific to the Real Estate Series have been reported in the last 1-2 years, with the firm focusing on active management amid 2025's bifurcated equity markets and ongoing portfolio adjustments reflected in recent 13F filings.