Manning & Napier Target 2030 Series Class I (MTPIX)
Manning & Napier Target 2030 Series Class I operates in the Asset Management industry of the Financial Services sector, headquartered in Fairport, NY, US. The stock last traded at $9.27, up 0.43% on the session, giving a market capitalisation of $86.4M. Its beta of 0.81 implies it has historically moved less than the broad market.
The Manning & Napier Target 2030 Series Class I fund's primary objective is to foster significant capital appreciation over the long term, while simultaneously striving to temper market volatility. This approach is maintained in alignment with its current strategic asset allocation. It achieves this by strategically allocating its investments across a selection of underlying funds, which collectively adhere to a predetermined target asset allocation model. These underlying funds, in turn, employ their own asset allocation strategies, diversifying their holdings across equities (stocks), fixed income (bonds), and cash investments. Furthermore, the fund retains the flexibility to invest directly in individual equity and fixed income securities, as well as cash equivalents, including money market instruments.
Manning & Napier Target 2030 Series Class I is most often compared with the following Financial Services names: