Manning & Napier, Inc. has announced the creation of the zero revenue share collective investment trust fund (CIT).
An addition to the more than 25 CITs the firm manages, the newly launched Disciplined Value CIT is offered as a U-class, zero revenue share product with a trustee fee of 0.25%.
First established in 2003, Manning & Napier's Disciplined Value strategies are a suite of value-oriented, systematic equity portfolios. According to a press release, these strategies aim to provide competitive returns consistent with the broad equity market while also providing a level of capital protection during market downturns. Securities are selected from a universe of mid-to-large capitalization companies based on factors such as free cash flow yield, dividend yield, dividend sustainability, and financial health.
In addition to the newly created CIT, the Disciplined Value strategy is available as a separately managed account with a minimum investment of $250,000 as well as a mutual fund.
