AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON
August 16, 2013
Registration Nos. 2-92633
811-04087
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [ ]
Post-Effective Amendment No. 134 [X]
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [ ]
Amendment No. 135 [X]
MANNING & NAPIER FUND, INC.
(Exact name of registrant as specified in charter)
290 Woodcliff Drive
Fairport, NY 14450
(Address of Principal Executive Offices) (Zip Code)
(Registrants Telephone Number, Including Area Code)
(585) 325-6880
B. Reuben Auspitz
c/o Manning & Napier Fund, Inc.
290 Woodcliff Drive
Fairport, NY 14450
(Name and Address of Agent for Service)
Copies to:
Timothy W. Levin, Esquire
Morgan, Lewis & Bockius, LLP
1701 Market St.
Philadelphia, PA 19103
It is proposed that this filing will become effective:
/X/ immediately upon filing pursuant to paragraph (b)
/ / on (date) pursuant to paragraph (b)
/ / 60 days after filing pursuant to paragraph (a)(1)
/ / on (date) pursuant to paragraph (a)(1)
/ / 75 days after filing pursuant to paragraph (a)(2)
/ / on (date) pursuant to paragraph (a)(2) of Rule 485
If appropriate, check the following box:
/ / This post-effective amendment designates a new effective date for a previously filed post-effective amendment.
Title of Securities Being Registered: Investment Company Shares
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has caused this Post-Effective Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of Fairport and State of New York on the 16th day of August, 2013.
Manning & Napier Fund, Inc. | ||
(Registrant) | ||
By: | /s/ B. Reuben Auspitz | |
B. Reuben Auspitz | ||
President |
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
Signature |
Title |
Date | ||
/s/ B. Reuben Auspitz B. Reuben Auspitz |
President, Principal Executive Officer, Director |
August 16, 2013 | ||
/s/ Harris H. Rusitzky* Harris H. Rusitzky |
Director | August 16, 2013 | ||
/s/ Peter L. Faber* Peter L. Faber |
Director | August 16, 2013 | ||
/s/ Stephen B. Ashley* Stephen B. Ashley |
Director | August 16, 2013 | ||
/s/ Paul A. Brooke* Paul A. Brooke |
Director | August 16, 2013 | ||
/s/ Chester N. Watson* Chester N. Watson |
Director | August 16, 2013 | ||
/s/ Christine Glavin Christine Glavin |
Principal Financial Officer, Chief Financial Officer, Treasurer |
August 16, 2013 |
* By: |
/s/ Christine Glavin | |
Christine Glavin |
* | Pursuant to powers of attorney dated November 21, 2002, January 10, 2008 and August 22, 2012. See Item 28(q), Item 28(q)(1), and Item 28(q)(2)of this Registration Statement. |
Exhibit Index
EX-101.ins XBRL Instance Document
EX-101.sch XBRL Taxonomy Extension Schema Document
EX-101.cal XBRL Taxonomy Extension Calculation Linkbase Document
EX-101.lab XBRL Taxonomy Extension Labels Linkbase
EX-101.pre XBRL Taxonomy Extension Presentation Linkbase Document
EX-101.def XBRL Taxonomy Extension Definition Linkbase
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Label | Element | Value | ||||||
---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||||
Registrant Name | dei_EntityRegistrantName | MANNING & NAPIER FUND, INC /NY/ | ||||||
Prospectus Date | rr_ProspectusDate | Aug. 01, 2013 | ||||||
Core Plus Bond Series
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Core Plus Bond Series Summary Section |
||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Goal | ||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Series’ investment objective is to provide long-term total return by investing primarily in fixed income securities. | ||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses you may pay if you buy and hold shares of the Series. | ||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) |
||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Series pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Series shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the performance of the Series. During the most recent fiscal year, the portfolio turnover rate of the Series was 41% of the average value of its portfolio. | ||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 41.00% | ||||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Management fees have been restated to reflect contractual changes to the management fees paid by the Series. Other expenses for the Series’ Class S shares have been restated to reflect the implementation of a 0.25% shareholder services fee. | ||||||
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] | rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees | The total annual fund operating expenses in this fee table may not correlate to the expense ratio in the financial highlights in this prospectus (and in the Series’ financial statements) because the financial highlights include only the Series’ direct operating expenses and do not include fees and expenses incurred indirectly by the Series through its investments in other investment companies. | ||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Example below is intended to help you compare the cost of investing in the Series with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Series for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Series’ operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Series will invest, under normal circumstances, at least 80% of its net assets in bonds and other financial instruments, principally exchange traded funds (ETFs), with economic characteristics similar to bonds. For purposes of this policy, bonds may include government, corporate, and pass-through securities, and mortgage dollar rolls, which are transactions in which the Series sells a mortgage-backed security and simultaneously contracts to purchase similar securities on a specified future date at a predetermined price. The corporate bonds may be issued by domestic corporations, foreign entities (i.e., yankee bonds), and/or supranational entities, such as the World Bank. Pass-through securities are generally issued by domestic entities (such as GNMA, FNMA, and FHLMC) and entitle the holders to a pro rata share of the cash flows generated by the instruments underlying the security (mortgages, credit card receivables, car loans, etc.). The Series may invest up to 20% of its assets in below investment grade securities (also referred to as “high yield bonds” or “junk bonds”) and an additional 20% may be invested in non-U.S. dollar denominated securities, including securities issued by companies located in emerging markets. The Series may purchase shares of ETFs, including to establish a diversified position in a particular sector of the market or to be fully invested while awaiting an opportunity to purchase securities directly. The Advisor believes that purchasing ETFs in such a manner may allow the Fund to invest in a particular sector of the market more efficiently than would otherwise be possible. Maturity and Portfolio Duration — The Series is not subject to any maturity or duration restrictions but will vary its average dollar weighted portfolio maturity and duration depending on the Advisor’s outlook for yields. For example, the Advisor may invest in longer-term bonds when it expects yields to fall in order to realize gains for the Series. Likewise, the Advisor may invest in shorter-term bonds when it expects yields to rise. Duration is a measure of the expected life of a fixed income security that is used to determine the sensitivity of a security’s price to changes in interest rates. The prices of fixed income securities with shorter durations generally will be less affected by changes in interest rates than the prices of fixed income securities with longer durations. For example, a 10 year duration means the fixed income security will decrease in value by 10% if interest rates rise 1% and increase in value by 10% if interest rates fall 1%. Credit Quality — The Series will typically invest in investment grade securities, those securities rated BBB or above by S&P or Baa or above by Moody’s (or determined to be of equivalent quality by the Advisor); however, the Series may invest up to 20% of its assets in below investment grade securities, those rated below BBB- by S&P and those rated below Baa3 by Moody’s (or determined to be of equivalent quality by the Advisor). The Series may invest in securities with any rating, including those that have defaulted, are not rated, or have had their rating withdrawn. Bond Selection Process — When investing in corporate and pass-through securities, the Advisor attempts to identify sectors, as well as individual securities within those sectors, that offer yields and credit/prepayment spreads sufficient to compensate the Series for the risks specific to a given sector or security. Credit spreads are a measure of the difference between corporate bonds’ yields to maturity and those of U.S. Treasury securities with similar maturities; this difference compensates investors for the credit risk inherent in corporate bonds. Prepayment spreads quantify the additional yield paid by mortgage-backed bonds relative to U.S. Treasury securities to compensate investors for the risk that mortgage-backed securities’ prepayments will vary over time. The Advisor may also invest in U.S. Treasury and U.S. Agency securities when it believes they are an attractive investment option relative to corporate and pass-through securities. In analyzing the relative attractiveness of sectors and/or individual securities, the Advisor considers:
|
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Risk [Heading] | rr_RiskHeading | Principal Risks of Investing in the Series | ||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The value of your investment will fluctuate in response to changes in interest rates, credit spreads, and prepayment spreads. You could lose money on your investment in the Series or the Series could underperform if any of the following occurs:
The Series is also subject to additional risks given its ability to invest up to 20% of its assets in non-U.S. dollar denominated (i.e., foreign) bonds. These risks include:
The risks of owning shares of an ETF generally reflect the risks of owning the underlying securities the ETF is designed to track, although lack of liquidity in an ETF could result in its value being more volatile than the underlying portfolio of securities. The Series will also bear its proportionate shares of the expenses of the purchased ETF in addition to its own expenses. The Series is subject to the risk that certain securities may be difficult or impossible to sell at the time and the price that the Series would like. The Series may have to lower the price, sell other securities instead or forego an investment opportunity, any of which could have a negative effect on the Series’ management or performance. Certain institutions or individuals may from time to time own (beneficially or of record) or control a significant percentage of the Series’ shares. Redemptions by these institutions or individuals in the Series may impact the Series’ liquidity and net asset value (NAV). These redemptions may also force the Series to sell securities, which may cause the Series to experience a loss (particularly during periods of declining or illiquid markets), as well as cause the Series’ portfolio turnover rate and transaction costs to rise, which may negatively affect the Series’ performance and increase the likelihood of capital gain distributions for remaining shareholders. The risks above could contribute to a decline in the value of the Series’ investments and, consequently, the share price of the Series. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | The value of your investment will fluctuate in response to changes in interest rates, credit spreads, and prepayment spreads. You could lose money on your investment in the Series or the Series could underperform | ||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Summary of Past Performance | ||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and average annual total return table provide some indication of the risks of investing in the Series. Class I shares were not active prior to the date of this prospectus. Because the Class S shares of the Series invest in the same portfolio of securities, returns for the Class I shares will be substantially similar to those of the Class S shares. Performance will be different only to the extent that he Class I shares have lower expenses. The bar chart shows the variability in the performance of the Series by showing changes in the performance of the Class S shares of the Series for each full calendar year since its inception. The total return table shows how the average annual total returns for the Class S shares of the Series for different periods compare to those of a broad-based securities index. Past performance (both before and after taxes) does not necessarily indicate how the Series will perform in the future. Quarterly performance information of the Series is available at www.manning-napier.com. | ||||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart shows the variability in the performance of the Series by showing changes in the performance of the Class S shares of the Series for each full calendar year since its inception. The total return table shows how the average annual total returns for the Class S shares of the Series for different periods compare to those of a broad-based securities index. | ||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.manning-napier.com | ||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Past performance (both before and after taxes) does not necessarily indicate how the Series will perform in the future. | ||||||
Bar Chart [Heading] | rr_BarChartHeading | CALENDAR YEARS ENDED DECEMBER 31 | ||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Quarterly Returns Highest (quarter ended 09/30/09): 7.48% Lowest (quarter ended 09/30/08): (3.42)% Year-to-date performance (before taxes) through June 30, 2013: -1.80% |
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Bar Chart, Returns for Class Not Offered in Prospectus [Text] | rr_BarChartReturnsForClassNotOfferedInProspectus | Class I shares were not active prior to the date of this prospectus. Because the Class S shares of the Series invest in the same portfolio of securities, returns for the Class I shares will be substantially similar to those of the Class S shares. Performance will be different only to the extent that he Class I shares have lower expenses. | ||||||
Performance Table Heading | rr_PerformanceTableHeading | AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2012 |
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Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | ||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant to investors who hold their Series shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. | ||||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | The after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are not relevant to investors who hold their Series shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. | ||||||
Core Plus Bond Series | Class S
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Shareholder Fees (fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||||||
Management Fee | rr_ManagementFeesOverAssets | 0.45% | [1] | |||||
Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Shareholder Services Fee | rr_Component1OtherExpensesOverAssets | 0.25% | ||||||
Remainder of Other Expenses | rr_Component2OtherExpensesOverAssets | 0.05% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.30% | [2] | |||||
Acquired Fund Fees and Expenses (AFFE) | rr_AcquiredFundFeesAndExpensesOverAssets | 0.01% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.76% | [3] | |||||
1 Year | rr_ExpenseExampleYear01 | 78 | ||||||
3 Years | rr_ExpenseExampleYear03 | 243 | ||||||
5 Years | rr_ExpenseExampleYear05 | 422 | ||||||
10 Years | rr_ExpenseExampleYear10 | 942 | ||||||
2006 | rr_AnnualReturn2006 | 4.59% | ||||||
2007 | rr_AnnualReturn2007 | 4.34% | ||||||
2008 | rr_AnnualReturn2008 | 1.24% | ||||||
2009 | rr_AnnualReturn2009 | 14.35% | ||||||
2010 | rr_AnnualReturn2010 | 10.18% | ||||||
2011 | rr_AnnualReturn2011 | 4.91% | ||||||
2012 | rr_AnnualReturn2012 | 10.94% | ||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | Year-to-date performance | ||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Jun. 30, 2013 | ||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | (1.80%) | ||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Highest | ||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | ||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 7.48% | ||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Lowest | ||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2008 | ||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (3.42%) | ||||||
1 Year | rr_AverageAnnualReturnYear01 | 10.94% | ||||||
5 Years | rr_AverageAnnualReturnYear05 | 8.22% | ||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 6.61% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 21, 2005 | ||||||
Core Plus Bond Series | Class I
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Risk/Return: | rr_RiskReturnAbstract | |||||||
Shareholder Fees (fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||||||
Management Fee | rr_ManagementFeesOverAssets | 0.45% | [1] | |||||
Distribution (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||||
Shareholder Services Fee | rr_Component1OtherExpensesOverAssets | none | ||||||
Remainder of Other Expenses | rr_Component2OtherExpensesOverAssets | 0.05% | ||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.05% | [2] | |||||
Acquired Fund Fees and Expenses (AFFE) | rr_AcquiredFundFeesAndExpensesOverAssets | 0.01% | ||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.51% | [3] | |||||
1 Year | rr_ExpenseExampleYear01 | 52 | ||||||
3 Years | rr_ExpenseExampleYear03 | 164 | ||||||
5 Years | rr_ExpenseExampleYear05 | 285 | ||||||
10 Years | rr_ExpenseExampleYear10 | $ 640 | ||||||
Core Plus Bond Series | Return After Taxes on Distributions | Class S
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 9.20% | ||||||
5 Years | rr_AverageAnnualReturnYear05 | 6.35% | ||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 4.96% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 21, 2005 | ||||||
Core Plus Bond Series | Return After Taxes on Distributions and Sale of Series Shares | Class S
|
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 7.23% | ||||||
5 Years | rr_AverageAnnualReturnYear05 | 6.02% | ||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 4.74% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 21, 2005 | ||||||
Core Plus Bond Series | Bank of America Merrill Lynch U.S. Corporate, Government & Mortgage Index (reflects no deduction for fees, expenses, or taxes)
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Risk/Return: | rr_RiskReturnAbstract | |||||||
1 Year | rr_AverageAnnualReturnYear01 | 4.42% | ||||||
5 Years | rr_AverageAnnualReturnYear05 | 6.03% | ||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 5.66% | ||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 21, 2005 | ||||||
|
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | MANNING & NAPIER FUND, INC /NY/ |
Prospectus Date | rr_ProspectusDate | Aug. 01, 2013 |
Document Creation Date | dei_DocumentCreationDate | Jul. 31, 2013 |