Manning & Napier Target 2060 Series Class I (MTKIX)
Manning & Napier Target 2060 Series Class I operates in the Asset Management industry of the Financial Services sector, headquartered in Fairport, NY. The stock last traded at $11.41, up 0.88% on the session, giving a market capitalisation of $15.7M. Its beta of 1.40 implies it has historically moved more than the broad market.
The core purpose of this investment is to cultivate substantial capital appreciation over the long term, simultaneously endeavoring to stabilize performance swings in accordance with its prevailing investment mix. It achieves this by strategically allocating assets among a variety of underlying portfolios, guided by a predefined target asset allocation framework. These subsidiary funds, in turn, also employ their own asset allocation strategies, typically diversifying across stocks, bonds, and cash holdings. Furthermore, the fund possesses the option to invest directly in individual equity and fixed-income securities, alongside various liquid assets including money market instruments.
Manning & Napier Target 2060 Series Class I is most often compared with the following Financial Services names: