Separately Managed Accounts

Strategic Income Taxable

Investment Objective

To generate long-term growth of capital through market appreciation and income generation, by investing in a diversified portfolio of tax-exempt and taxable fixed income securities and dividend-paying equity securities within a generally moderate risk profile that seeks to reduce volatility relative to the overall stock market.

Investment Team

The portfolio is managed by a team of tenured research professionals who are responsible for portfolio construction and allocation.

Composition

The portfolio will include a mix of stocks and bonds, with a focus on income generating securities.

35% - 65% Equities

Investment Process

The Strategic Income strategy combines both qualitative and quantitative investment processes, with top-down active asset allocation. Using a variety of economic, valuation, and sentiment indicators, Manning & Napier first makes a strategic asset allocation decision based on the current market and economic environment. Following this, input from various groups within our Research department is used to determine the appropriate allocation across our equity and fixed income-oriented strategies. Holdings are diversified among securities with a concentration on income. Stock exposure is focused on real estate securities (such as real estate investment trusts), dividend-paying companies, and emerging market equities. Stock exposure can range from 35% - 65%. Bond exposure can range from 35% - 65%, and focuses on various fixed income sectors, including investment-grade as well as below investment-grade bonds. This process results in a globally diversified, multi-asset class portfolio with an emphasis on income generation.

Investment Objective

To generate long-term growth of capital through market appreciation and income generation, by investing in a diversified portfolio of tax-exempt and taxable fixed income securities and dividend-paying equity securities within a generally moderate risk profile that seeks to reduce volatility relative to the overall stock market.

Investment Team

The portfolio is managed by a team of tenured research professionals who are responsible for portfolio construction and allocation.

Composition

The portfolio will include a mix of stocks and bonds, with a focus on income generating securities.

35% - 65% Equities

Investment Process

The Strategic Income strategy combines both qualitative and quantitative investment processes, with top-down active asset allocation. Using a variety of economic, valuation, and sentiment indicators, Manning & Napier first makes a strategic asset allocation decision based on the current market and economic environment. Following this, input from various groups within our Research department is used to determine the appropriate allocation across our equity and fixed income-oriented strategies. Holdings are diversified among securities with a concentration on income. Stock exposure is focused on real estate securities (such as real estate investment trusts), dividend-paying companies, and emerging market equities. Stock exposure can range from 35% - 65%. Bond exposure can range from 35% - 65%, and focuses on various fixed income sectors, including investment-grade as well as below investment-grade bonds. This process results in a globally diversified, multi-asset class portfolio with an emphasis on income generation.

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