Manning & Napier Target 2050 Series Class I
MTYIX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings 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 2050 Series Class I (MTYIX) is a collective investment trust (CIT) fund managed by Manning & Napier Advisors, LLC that seeks long-term capital growth and moderated volatility for investors targeting retirement around 2050 through a dynamic asset allocation strategy. The fund invests primarily in underlying Manning & Napier Pro-Mix® CIT Funds, which provide exposure to diversified domestic and non-U.S. equities (currently 70%-95% allocation), fixed income securities, and cash equivalents; it gradually shifts toward a more conservative mix, reducing equity exposure to 20%-60% during the target year and 13%-47% five years post-target, emphasizing capital preservation over time. Core offerings include Class I shares with a net expense ratio of 0.69%, available exclusively within qualified employee benefit plans such as 401(k)s, and benchmarked against growth-oriented portfolios with historical annualized returns of 10.34% over five years as of April 2025. Founded in 1970 and headquartered in Fairport (Rochester area), New York, Manning & Napier serves high-net-worth individuals, financial advisors, institutions, Taft-Hartley plans, endowments, and non-profits primarily in the U.S. through equity, fixed income, blended asset, and retirement target-date strategies. The firm, now a wholly owned subsidiary of Callodine Group following its 2022 privatization via acquisition at a 41% premium to prior public trading value (NYSE: MN), maintains autonomous investment teams and focuses on active management across domestic and international markets. In recent developments, Manning & Napier earned recognition in the 2024 Barron's Best Fund Family Ranking, published February 2025, reflecting strong performance across its mutual fund lineup amid bifurcated 2025 market conditions highlighted in its November 2025 market perspective. The Target 2050 CIT continues to adjust allocations actively, with equity at 85.64%, fixed income at 10.39%, and cash equivalents at 3.97% as of November 2025, while the firm opened significant new positions such as $123.7 million in Workday (WDAY) in Q2 2025 per 13F filings. These moves underscore ongoing strategic portfolio enhancements without major acquisitions, partnerships, or structural reorganizations reported in the past 1-2 years.