Manning & Napier Target 2020 Series Class I
MTNIX
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
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 290 Woodcliff Drive Fairport NY 14450
- IPO Date
- Mar 31, 2008
- CIK
- 0000751173
- Similar Companies
- Business
- Manning & Napier Target 2020 Series Class I (MTNIX) is a target-date collective investment trust (CIT) fund that provides capital growth and risk management for investors planning to retire in or around 2020. The fund invests in a moderately conservative mix of Manning & Napier Pro-Mix® CIT Funds, including the Pro-Mix Conservative CIT and Pro-Mix Moderate CIT, with current asset allocation emphasizing fixed income at approximately 66%, equity at 33%, and cash equivalents at 1%; stock exposure ranges from 17%-55%, gradually shifting to more conservative allocations post-target date, reaching 13%-47% equity five years beyond 2020 to prioritize capital preservation. It offers a net expense ratio of 0.69%, CUSIP 302027669, and inception date of May 31, 2007, exclusively for qualified employee benefit plans. Managed by Manning & Napier Advisors, LLC, founded in 1970 and headquartered in Fairport, New York, the fund operates within the firm's broader offerings of equity, fixed income, blended asset, and alternative strategies serving high-net-worth individuals, institutions, 401(k) plans, and pension plans primarily in the United States. Manning & Napier provides investment advisory services to Exeter Trust Company as trustee, employing an active management approach with a team of analysts focused on risk-adjusted returns through diversified securities including stocks, bonds, REITs, options, and futures. In recent developments, Manning & Napier went private through its acquisition by Callodine Group in partnership with East Asset Management in 2023, enhancing capital resources, operational stability, and growth capabilities while retaining key management and investment processes. The firm continues to modernize its platform, with ongoing updates to CIT funds like Retirement Target series reflecting current asset allocations as of February 2025 and performance net of fees, including 1-year returns of 8.63% and 10-year annualized returns of 4.76%. No major new partnerships, funding rounds, or product launches specific to MTNIX were reported in the last 1-2 years, maintaining focus on glide path adjustments and underlying Pro-Mix® integrations.