Manning & Napier Rainier International Discovery Series
RAIIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 601 Union Street Suite 2801 Seattle WA United States of America 98101
- IPO Date
- Mar 29, 2012
- CIK
- 0000917125
- Website
- am.manning-napier.com
- Similar Companies
- Business
- Manning & Napier Rainier International Discovery Series (RAIIX) is a mutual fund series within The Manning & Napier Fund, Inc., focused on providing long-term capital appreciation through investments primarily in common stocks of small- to mid-capitalization companies located outside the United States; it emphasizes bottom-up fundamental analysis to select equities exhibiting strong growth potential, clear earnings drivers, and attractive valuations across all sectors and regions, typically aligning with the market capitalization range of the MSCI ACWI ex USA Small Cap Index while avoiding extreme deviations to manage risk. The fund offers Class I shares (ticker: RAIIX, CUSIP: 56382R688) with a minimum initial investment of $1,000,000, a gross expense ratio of 1.16%, and a portfolio turnover rate of approximately 66%, predominantly allocated to non-U.S. stocks (96.90%), with key sector exposures in industrials (33%), financial services (20%), and technology (11%), and geographic weights led by Japan (20-25%), Europe, Canada, the United Kingdom, and emerging markets including India and South Korea. Sub-advised by Rainier Investment Management, LLC, an affiliate of Manning & Napier Advisors, LLC, the series targets investors seeking portfolio diversification via foreign small/mid-growth equities and willing to accept associated risks such as currency fluctuations, emerging market volatility, and higher turnover. Launched on March 28, 2012, as a reorganization of the predecessor Rainier International Discovery Fund (originally managed by Rainier since institutional inception), the series is domiciled in the United States and available primarily to U.S. institutional investors through Manning & Napier, headquartered in Fairport, New York; Manning & Napier itself was founded in 1970 and became a wholly owned subsidiary of Callodine Group following a take-private acquisition completed in October 2022, enhancing its platform with additional resources for growth while preserving its investment processes. Recent portfolio adjustments as of late 2025 include additions such as Australian mining services provider Imdex Ltd. and diversified financials firm Generation Development Group to capture commodity exposure and wealth management trends without direct volatility, alongside trims in high-valuation names like Descartes Systems and Indian Hotels amid stretched tourism multiples and U.S. tariff uncertainties; geographic shifts show increased overweight to Japan (now the largest position) and Europe, with underweights in India and Taiwan. No major funding rounds, acquisitions, or structural reorganizations specific to the series have been reported in the last 1-2 years, though Manning & Napier continues strategic portfolio tilts reflecting resilient global small-cap opportunities amid economic recovery.