Manning & Napier Fd, Inc. High Yield Bond Series (MNHYX)
Manning & Napier Fd, Inc. High Yield Bond Series operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Fairport, NY, US. The stock last traded at $9.60, up 0.00% on the session, giving a market capitalisation of $1.46B. Its beta of 0.60 implies it has historically moved less than the broad market.
This fund primarily allocates at least 80% of its capital to debt instruments with a sub-investment grade rating. It also utilizes other financial tools, mainly derivative products and exchange-traded funds (ETFs), that exhibit economic profiles similar to lower-rated securities. These high-yield bonds, denominated in U.S. dollars, can be issued by corporations and governments both domestically and internationally, encompassing issuers in developing economies. Additionally, a segment of the fund's holdings may consist of bank loans, which are typically unrated, variable-interest investments.
Manning & Napier Fd, Inc. High Yield Bond Series is most often compared with the following Financial Services names: