EXHAX – Fund Analysis – Manning & Napier Pro-Blend Max Term S | Morningstar

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Will EXHAX outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable EXHAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the EXHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of EXHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Another wave of personnel turnover amid a slump means this team’s remaining veterans have to deliver.

Senior Analyst Greg Carlson

Greg Carlson

Senior Analyst

Summary

The Manning & Napier Pro-Blend target-risk series and the identically run Pro-Mix collective investment trust series have struggled of late. Outflows and 2025 investment team departures put the onus on a slim veteran team to stage a rebound.

by Greg Carlson

Rated on Apr 27, 2026 Published on Apr 27, 2026

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