Manning & Napier Launches ETF-Based TDFs

Manning & Napier introduced a suite of ten actively managed target-date funds (TDFs) that will invest in a variety of exchange-traded funds (ETFs).

The Manning & Napier Goal Collective Investment Trust (CIT) Funds provide an opportunity for active management at a lower cost structure while maintaining diversification of asset classes, market sectors and securities through ETFs.  

The funds range from an income fund to a 2055 fund and will be built using the same active asset-allocation approach the company has implemented for more than 40 years. The active approach allows for flexibility to shift portfolio assets away from over-valued sectors and towards areas of lower risk. Utilizing a team-based investment strategy, the Goal CIT Funds will be overseen by the company’s Senior Research Group.   

The funds will be offered with an expense ratio of 0.34%, excluding ETF fees. The Goal Funds will initially be offered with a single, no revenue share unit class (U Class) to meet the needs of plan sponsors looking for the highest degree of fee transparency.   

More information is available here.