Manning & Napier Target 2055 Series Class I (MTZIX)
Manning & Napier Target 2055 Series Class I operates in the Asset Management industry of the Financial Services sector, headquartered in Fairport, NY. The stock last traded at $10.92, up 0.83% on the session, giving a market capitalisation of $15.5M. Its beta of 1.39 implies it has historically moved more than the broad market.
This investment seeks substantial long-term capital growth and aims to mitigate volatility, all while adhering to its established asset allocation framework. It pursues this objective by allocating assets across a variety of underlying investment vehicles. These underlying funds implement their own distinct asset allocation strategies, holding a combination of equities, fixed-income instruments, and cash. Moreover, the fund retains the flexibility to make direct investments in individual stocks, bonds, and highly liquid assets, including money market securities.
Manning & Napier Target 2055 Series Class I is most often compared with the following Financial Services names: