Pecora Capital is a global investment management firm that aims to provide superior risk-adjusted returns by investing across a broad and expanding range of asset classes.  An owner-run company, Pecora is independent and not subject to the constraints of a large corporation or bank.

The fund targets a high level of long-term total return by investing principally in a portfolio with between 50-100 holdings of non-investment grade fixed income securities, issued by corporate and government entities.

It identifies securities that display steady or improving fundamentals while avoiding securities with deteriorating fundamentals, including potential for default. Applying tactical risk management to Manning & Napier High Yield Bond series produces significant alpha with simultaneously lower volatility.

Key Features:

  • Morningstar 5 Star Rating: The High Yield Bond Series Class I (MNHAX) holds a prestigious 5-Star Morningstar Rating™, underscoring Manning & Napier’s investment excellence.
  • Dynamic Risk Overlay: Our Pecora Manning & Napier High Yield Bond Fund employs a dynamic risk overlay, swiftly adjusting to market turbulence by shifting to cash or long US high yield bonds as conditions warrant.
  • High Conviction: Our portfolio is deliberately concentrated, reflecting Manning & Napier's high conviction approach, which drives strategic alignment and informed investment decisions.
  • Strong Precision: Leveraging our meticulous analysis, we assess factors like Call Structure, Convexity, Capital Structure, and more. These elements synergize to optimize risk management and identify high-value bonds.
  • Consistent History: Manning & Napier consistently delivers robust performance relative to peers, thanks to their focus on prudent risk management alongside generating returns in the dynamic high yield market.
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