Manning & Napier Target 2030 Series Class I
MTPIX
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 Target 2030 Series Class I (MTPIX) is a collective investment trust (CIT) fund managed by Manning & Napier Advisors, LLC that seeks long-term capital growth and risk management for investors planning to retire in or around 2030. The fund invests in a combination of underlying Manning & Napier Pro-Mix® CIT Funds, including the Pro-Mix Extended Term CIT and Pro-Mix Moderate Term CIT Funds, which provide diversified exposure to equities (currently 49.54%), fixed income securities with intermediate to long-term maturities (48.64%), and cash equivalents (1.82%); stock exposure currently ranges from 30%-65% and gradually shifts to a more conservative allocation over time, reaching 20%-60% during the target year and 13%-47% five years post-target date to emphasize capital preservation. It offers a single diversified portfolio solution suitable for qualified employee benefit plans, such as 401(k)s, with a gross expense ratio of 0.69% that includes acquired fund fees and reflects fee limitations. Manning & Napier Advisors, LLC, founded in 1970 and headquartered in Rochester, New York, with additional offices in St. Petersburg, Florida, and Columbus, Ohio, provides investment advisory services to Exeter Trust Company, the trustee of the Manning & Napier CIT Funds; the firm was acquired by Callodine Group in 2022, transitioning to a private entity backed by Callodine's asset management platform focused on yield strategies, which supports expanded capabilities while preserving its active management approach emphasizing risk-adjusted returns. The firm serves high-net-worth individuals, financial advisors, institutions, Taft-Hartley plans, endowments, foundations, and retirement plans across U.S. and non-U.S. markets through separately managed accounts, mutual funds, CITs, and multi-asset strategies. Recent developments include ongoing portfolio adjustments aligned with the fund's Glide Range strategy to adapt to market conditions, as evidenced by year-to-date performance of 8.35% and 1-year returns of 7.93% as of October 31, 2025; Manning & Napier continues to expand its Retirement Target CIT series availability through partnerships with platforms offering funds from 58 asset managers, enhancing distribution for retirement plan sponsors. In 2025, the firm maintained active portfolio management, adding positions in stocks like Albemarle Corp. and Bentley Systems Inc., reflecting strategic equity enhancements amid market highs. No major acquisitions, funding rounds, or product launches specific to MTPIX were reported in the last 1-2 years, with focus remaining on lifecycle adjustments and client-aligned growth post-Callodine integration.