Fund Evaluator:

Manning & Napier Pro-Blend Extnd Term S Overview

Manning & Napier Pro-Blend Extnd Term S (MNBAX) is an actively managed Allocation Moderate Allocation fund. Manning & Napier launched the fund in 1993.

The investment seeks to provide long-term growth of capital, and its secondary objective is to provide preservation of capital. The fund invests primarily in common stocks and long-term fixed income securities. It may invest in U.S. and foreign stocks, including those in emerging markets, ADRs, and derivative instruments. The fund may invest in stocks of small-, large-, or mid-size companies. It may buy and sell futures contracts based on fixed income securities, interest rates, and currencies, to seek to enhance returns, manage duration, hedge interest rate risk, and reduce volatility.

About Manning & Napier Pro-Blend Extnd Term S (MNBAX)

There are 6 members of the management team with an average tenure of 3.61 years: Jay Welles (2023), Marc Bushallow (2015), Jacob Boak (2025), Elizabeth Mallette (2023), John Mitchell (2024), James Slentz (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 4 primary benchmarks: MSCI USA IMI NR USD index with a weighting of 100%, MSCI USA IMI NR USD index with a weighting of 40%, Bloomberg US Agg Bond TR USD index with a weighting of 45% and MSCI ACWI Ex USA NR USD index with a weighting of 15%. Manning & Napier Pro-Blend Extnd Term S has 214 securities in its portfolio. The top 10 holdings constitute 30.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Manning & Napier Pro-Blend Extnd Term S is part of the Allocation global asset class and is within the Allocation fund group. Manning & Napier Pro-Blend Extnd Term S has 17.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 43.4%. There is 15.1% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 38.0% (35.6% domestic bond, 2.4% foreign bond and 0.0% convertible bond). Manning & Napier Pro-Blend Extnd Term S has 3.4% of the portfolio in cash.

Assets Under Management

The fund has $198 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

MNBAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Manning & Napier Pro-Blend Extnd Term S expense ratio is high compared to funds in the Moderate Allocation category. Manning & Napier Pro-Blend Extnd Term S has an expense ratio of 1.03%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Manning & Napier Pro-Blend Extnd Term S has a portfolio turnover rate of 78%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.

Recently, in the month of June 2026, Manning & Napier Pro-Blend Extnd Term S returned 0.5%, which earned it a grade of B, as the Moderate Allocation category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Manning & Napier Pro-Blend Extnd Term S has a trailing yield of 2.42%, which is above the 1.97% category average. The fund normally distributes its income semi-annually and its capital gains semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Manning & Napier Pro-Blend Extnd Term S Grades

Year to date, the fund has returned 2.6%, 4.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.0% over the past year (grade of F), 8.2% over the past three years (grade of F) and 3.2% per year over the past five years (grade of F) and 6.9% per year over the past 10 years (grade of F).

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