Investment Objective

To reduce year-to-year volatility. The secondary objective is long-term capital growth. 

Investment Team

The portfolio is managed by the Quantitative Strategies Group, a team of tenured research professionals who are responsible for portfolio positioning and construction.

Composition

The portfolio is a globally diversified, actively-allocated multi-asset class collection of ETFs.

5% - 35% Equities

Investment Process

The portfolio takes a strategic approach to asset allocation complemented by tactical adjustments as opportunities allow. A data-driven process is used to adjust the portfolio’s asset allocation on a top-down basis in response to changing economic and market conditions. The ETF Portfolio Management Team constructs indicators to estimate the risk/reward profiles of a wide range of asset classes and market segments. These indicators seek to capture the key drivers of investment returns: economic activity, valuation, sentiment and liquidity conditions. Once the desired investment mix is established, ETFs are selected based on market exposure, structure, and cost of ownership (expense ratios, trading costs, etc.) to achieve the target asset allocation.

The Manning & Napier Managed ETF Portfolio – Conservative Growth Composite (MEP – Conservative Growth), previously known as the Fi360 ETF – Conservative Growth Composite, is a weighted average of discretionary separately managed accounts managed under the MEP – Conservative Growth strategy. Accounts in this composite must have a market value greater than $100,000 and tenure of at least one month under our management. The MEP – Conservative Growth strategy has a blended investment objective that invests in exchange-traded funds, primarily U.S. equity with some non-U.S. equity, and fixed income exchange-traded funds. The primary investment objective of accounts in this composite is to manage against capital risk by reducing year-to-year volatility, and the secondary objective is capital growth. Equity exposure for accounts in this composite typically ranges from 5% to 35% with situational adjustments within this range at our discretion. Net-of-fee returns shown reflect the deduction of a model advisory fee applied to the Gross-of-fee returns on a monthly basis. The model advisory fee is determined by applying the strategy’s tiered fee schedule to every account included in the composite, and is inclusive of management fees, advisory fees, and custody fees for Manning & Napier’s affiliated trust company, Exeter Trust Company. Actual account level fees will vary with size and circumstances and these fee differentials would impact returns accordingly. Returns shown do not reflect the deduction of fees paid to an investor’s personal financial advisor, solicitations fees, or third-party custodian costs, as applicable. Past performance does not guarantee future results. All returns were earned in USD and are stated here in USD. All data are subject to revision. Performance for periods greater than one year is annualized.