UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934
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[ ] | Definitive Proxy Statement | |
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[ ] | Soliciting Material Pursuant to§240.14a-12 |
MANNING & NAPIER FUND, INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Manning Rep Talking Points for Fee Restructure12b-1 Proxy
Salutation
In the coming days, Class S shareholders of the funds listed below will receive a copy of the attached proxy statement, which requests approval of a12b-1 Plan and implementation of a12b-1 fee on the Class S shares of those funds. This shareholder proxy is a crucial component of our Fee Restructure initiative, which will reduce fees on some funds, and increase the range of share classes and pricing we are able to offer clients in an evolving marketplace.
To reach a quorum and successful vote quickly, and minimize shareholder disruption, we will be providing you with a short list of your largest client/advisor relationships in these funds. We ask that you please reach out and request they vote FOR the proposal.Reaching a quorum in mutual fund proxies is often challenging; we need your help to get us over the finish line.
The following are high-level talking points when discussing the proxy with clients or advisors. Full details of the proposal are included in the proxy statement, which also includes a frequently asked questions section near the beginning.
Talking Points:
● | Shareholders are being asked to approve a12b-1 Plan, and the adoption of a 0.25%12b-1 fee on Class S shares of the Series listed below. |
● | The proposed12b-1 fee will not increase the cost of the Series to shareholders. The new12b-1 fee will replace the current Shareholder Servicing fee, which on most Series is payable at the same rate as the proposed12b-1 fee. At the same time, other changes to fees and expenses will be made that result in total expenses staying the same or decreasing. |
● | The proposed12b-1 fee can be used to pay for distribution services in addition to shareholder and/or administrative services provided by the Fund’s distributor, financial intermediaries or other organizations. In contrast, the current Shareholder Servicing fee cannot pay for distribution services. |
● | Because the12b-1 Plan provides a method of paying for distribution services, it has the potential to benefit shareholders by increasing assets of the Series, which may lead to lower expenses due to greater economies of scale and a wider range of investment opportunities. |
● | The Board of Directors of the Fund unanimously approved the12b-1 Plan and12b-1 fee, and recommends that shareholders vote FOR the proposal. |
● | Voting is easy. Shareholders can vote via internet, phone, or mail. All the information needed is provided in the proxy materials. There are no logins or passwords required. |
Class S Series in Proxy:
Core Bond Series
Disciplined Value Series
Equity Income Series
High Yield Bond Series
International Series
Pro-Blend® Conservative Term Series
Pro-Blend® Moderate Term Series
Pro-Blend® Extended Term Series
Pro-Blend® Maximum Term Series
Real Estate Series
Strategic Income Moderate Series
Unconstrained Bond Series