MNDWX

About MNDWX

Manning & Napier Diversified Tax Exempt Series Fund Class W is an actively managed municipal bond mutual fund designed to deliver a high level of current income that is exempt from federal income tax while emphasizing capital preservation. The strategy primarily invests in a diversified portfolio of U.S. municipal securities, allocating across states, sectors, and credit tiers to balance income generation with risk control. The fund is positioned for investors seeking tax-advantaged income and long-term exposure to the municipal market, with interest rate sensitivity typical of high-quality muni portfolios. Class W shares are offered exclusively to discretionary investment accounts and other accounts managed by the advisor, reflecting an institutional-style share class structure tied to advisory relationships. Within the broader fixed income landscape, the fund serves as a core tax-exempt bond allocation, complementing taxable bond holdings and equity exposures by potentially reducing overall portfolio tax drag and adding resilience during equity market volatility. Its track record references the long-standing history of the series, with Class W performance linked to the same underlying portfolio as other classes, differing primarily by expenses.