The Rainier International Discovery Fund has been reorganized as a Series of the Manning & Napier Fund, Inc. Our affiliate, Manning & Napier Advisors, LLC, is now the investment advisor of the Manning & Napier Fund, Inc. Rainier International Discovery Series. Rainier is the sub-advisor to the fund and remains responsible for day-to-day portfolio management. To find out more information about the Manning & Napier Fund, Inc. Rainier International Discovery Series please visit www.manning-napier.com
The International Discovery Series seeks to provide investors with long-term capital appreciation. In pursuing its goal, the Fund invests primarily in the common stock of small-capitalization companies traded outside the U.S. The Adviser selects investments which are either included in the MSCI ACWI ex. U.S.A. Small Cap Index or have equity capitalizations within the range of $5 billion or smaller at the time of purchase. Highly speculative or illiquid stocks are not candidates for the Fund. To control risk, extreme overweighting or underweighting of the Fund relative to the Index is normally avoided. To thoroughly diversify, the Fund consists of 60 to 120 different stocks, each making up a relatively small portion of the Fund.
We invest in dynamic, non-U.S., small cap growth companies at prices that allow for meaningful appreciation potential. We believe that rewarding stock performance comes from companies with superior growth potential, clear key earnings drivers, attractive valuations and trading liquidity. Our decisions are based on fundamental analysis, which emphasizes bottom up stock selection. We invest in all major regions and market sectors because we believe that excellent growth opportunities exist across countries and industries that are frequently overlooked.