# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0001752724-23-067863
**Filing Date:** 2023-3
**Character Count:** 59598
**Document Hash:** 8f6399e529fccc1ec6befc7bbbd94d0d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-067863.hdr.sgml**: 20230327

**ACCESSION NUMBER**: 0001752724-23-067863

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230327

**DATE AS OF CHANGE**: 20230327

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04087
- **FILM NUMBER:** 23764021

**BUSINESS ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450
- **BUSINESS PHONE:** 585-325-6880

**MAIL ADDRESS:**
- **STREET 1:** 290 WOODCLIFF DRIVE
- **CITY:** FAIRPORT
- **STATE:** NY
- **ZIP:** 14450

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND, INC /NY/
- **DATE OF NAME CHANGE:** 20060929

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** EXETER FUND INC /NY/
- **DATE OF NAME CHANGE:** 19980226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MANNING & NAPIER FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Rainier International Discovery Series (Series ID: S000058080)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000190099 | Class I      | RAIIX           |
| C000190100 | Class S      | RISAX           |
| C000190101 | Class Z      | RAIRX           |
| C000206468 | Class W      | RAIWX           |

## Nport-Ex

**Investment Portfolio - January 31, 2023** 

(unaudited)

---

| | | |
|:---|:---|:---|
| RAINIER INTERNATIONAL DISCOVERY SERIES | SHARES | VALUE |
| **COMMON STOCKS - 94.3%** |  |  |
| **Communication Services - 2.6%** |  |  |
| &nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Internet Initiative Japan, Inc. (Japan) | 475000 | $8913748 |
| &nbsp;&nbsp;&nbsp;**Interactive Media & Services - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Auto Trader Group plc (United Kingdom)<sup>1</sup> | 510961 | 3964283 |
| &nbsp;&nbsp;&nbsp;Rightmove plc (United Kingdom) | 478796 | 3478881 |
|  |  | 7443164 |
| **Total Communication Services** |  | 16356912 |
| **Consumer Discretionary - 11.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Hotels, Restaurants & Leisure - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Indian Hotels Co. Ltd. (India) | 3057960 | 11294911 |
| &nbsp;&nbsp;&nbsp;&nbsp;Trainline plc (United Kingdom)<sup>\*1</sup> | 976853 | 3417841 |
| &nbsp;&nbsp;&nbsp;Whitbread plc (United Kingdom) | 99497 | 3747281 |
|  |  | 18460033 |
| &nbsp;&nbsp;&nbsp;**Household Durables - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Nikon Corp. (Japan) | 460900 | 4550654 |
| &nbsp;&nbsp;&nbsp;**Internet & Direct Marketing Retail - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;BuySell Technologies Co. Ltd. (Japan) | 71200 | 3329587 |
| &nbsp;&nbsp;&nbsp;**Leisure Products - 0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;MIPS AB (Sweden)<sup>1</sup> | 14686 | 562022 |
| &nbsp;&nbsp;&nbsp;**Specialty Retail - 3.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Com7 PCL - NVDR (Thailand) | 6081900 | 5798389 |
| &nbsp;&nbsp;&nbsp;Nextage Co. Ltd. (Japan) | 317100 | 7132576 |
| &nbsp;&nbsp;&nbsp;Siam Global House PCL (Thailand) | 6311183 | 3991784 |
| &nbsp;&nbsp;&nbsp;Siam Global House PCL (Thailand) | 3800219 | 2403616 |
| &nbsp;&nbsp;&nbsp;Watches of Switzerland Group plc (United Kingdom)<sup>\*1</sup> | 381599 | 4479654 |
|  |  | 23806019 |
| &nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Brunello Cucinelli S.p.A. (Italy) | 71365 | 5944031 |
| &nbsp;&nbsp;&nbsp;Page Industries Ltd. (India) | 5615 | 2751994 |
| &nbsp;&nbsp;&nbsp;Seiko Group Corp. (Japan) | 221900 | 5009803 |
| &nbsp;&nbsp;&nbsp;VIP Industries Ltd. (India) | 689818 | 5904145 |
|  |  | 19609973 |
| **Total Consumer Discretionary** |  | 70318288 |
| **Consumer Staples - 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Beverages - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Royal Unibrew A/S (Denmark) | 32515 | 2283270 |
| &nbsp;&nbsp;&nbsp;Varun Beverages Ltd. (India) | 880602 | 12367530 |
|  |  | 14650800 |
| &nbsp;&nbsp;&nbsp;**Food & Staples Retailing - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Sumber Alfaria Trijaya Tbk PT (Indonesia) | 26947884 | 5094021 |
| &nbsp;&nbsp;&nbsp;**Food Products - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Universal Robina Corp. (Philippines) | 2611130 | 6596212 |
| &nbsp;&nbsp;&nbsp;**Personal Products - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;L'Occitane International S.A. (Luxembourg) | 2071000 | 5762078 |
| **Total Consumer Staples** |  | 32103111 |

---

---

| | | |
|:---|:---|:---|
|  | SHARES | VALUE |
| **COMMON STOCKS** (continued) |  |  |
| **Energy - 3.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Energy Equipment & Services - 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Aker Solutions ASA (Norway) | 2409602 | $9525820 |
| &nbsp;&nbsp;&nbsp;Worley Ltd. (Australia) | 873676 | 9590925 |
|  |  | 19116745 |
| &nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Gaztransport Et Technigaz S.A. (France) | 51700 | 5715753 |
| **Total Energy** |  | 24832498 |
| **Financials - 7.2%** |  |  |
| &nbsp;&nbsp;&nbsp;**Banks - 2.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Ringkjoebing Landbobank A/S (Denmark) | 28259 | 4112323 |
| &nbsp;&nbsp;&nbsp;Sydbank AS (Denmark) | 264313 | 12052221 |
|  |  | 16164544 |
| &nbsp;&nbsp;&nbsp;**Capital Markets - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Euronext N.V. (Netherlands)<sup>1</sup> | 81088 | 6570717 |
| &nbsp;&nbsp;&nbsp;MLP SE (Germany) | 135244 | 749856 |
|  |  | 7320573 |
| &nbsp;&nbsp;&nbsp;**Consumer Finance - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CreditAccess Grameen Ltd. (India)<sup>\*</sup> | 285285 | 3010062 |
| &nbsp;&nbsp;&nbsp;goeasy Ltd. (Canada) | 6566 | 612310 |
| &nbsp;&nbsp;&nbsp;Transaction Capital Ltd. (South Africa) | 294226 | 583379 |
|  |  | 4205751 |
| &nbsp;&nbsp;&nbsp;**Diversified Financial Services - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Element Fleet Management Corp. (Canada) | 611533 | 8640652 |
| &nbsp;&nbsp;&nbsp;**Insurance - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Topdanmark AS (Denmark) | 175727 | 9485339 |
| **Total Financials** |  | 45816859 |
| **Health Care - 7.9%** |  |  |
| &nbsp;&nbsp;&nbsp;**Biotechnology - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;BioGaia AB - Class B (Sweden) | 324931 | 2856072 |
| &nbsp;&nbsp;&nbsp;&nbsp;PharmaEssentia Corp. (Taiwan)<sup>\*</sup> | 226552 | 3707001 |
|  |  | 6563073 |
| &nbsp;&nbsp;&nbsp;**Health Care Equipment & Supplies - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Asahi Intecc Co. Ltd. (Japan) | 276600 | 4852721 |
| &nbsp;&nbsp;&nbsp;Revenio Group OYJ (Finland) | 83884 | 3429236 |
| &nbsp;&nbsp;&nbsp;&nbsp;Surgical Science Sweden AB (Sweden)<sup>\*</sup> | 11898 | 168285 |
| &nbsp;&nbsp;&nbsp;&nbsp;Xvivo Perfusion AB (Sweden)<sup>\*</sup> | 66434 | 1363530 |
|  |  | 9813772 |
| &nbsp;&nbsp;&nbsp;**Health Care Providers & Services - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Amvis Holdings, Inc. (Japan) | 325886 | 8725275 |
| &nbsp;&nbsp;&nbsp;&nbsp;Max Healthcare Institute Ltd. (India) | 627644 | 3396831 |
|  |  | 12122106 |
| &nbsp;&nbsp;&nbsp;**Health Care Technology - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;Pro Medicus Ltd. (Australia) | 88415 | 4222589 |
| &nbsp;&nbsp;&nbsp;**Life Sciences Tools & Services - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Chemometec A/S (Denmark)<sup>\*</sup> | 43417 | 3803767 |

---

**1**

**Investment Portfolio - January 31, 2023** 

(unaudited)

---

| | | |
|:---|:---|:---|
| RAINIER INTERNATIONAL DISCOVERY SERIES | SHARES | VALUE |
| **COMMON STOCKS** (continued) |  |  |
| **Health Care** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;**Pharmaceuticals - 2.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ALK-Abello A/S (Denmark)<sup>\*</sup> | 503824 | $7526132 |
| &nbsp;&nbsp;&nbsp;Virbac S.A. (France) | 20144 | 6113184 |
|  |  | 13639316 |
| **Total Health Care** |  | 50164623 |
| **Industrials - 29.4%** |  |  |
| &nbsp;&nbsp;&nbsp;**Aerospace & Defense - 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;CAE, Inc. (Canada)<sup>\*</sup> | 353782 | 7990041 |
| &nbsp;&nbsp;&nbsp;Rheinmetall AG (Germany) | 39909 | 9325040 |
| &nbsp;&nbsp;&nbsp;Saab AB - Class B (Sweden) | 215055 | 8804028 |
|  |  | 26119109 |
| &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;ISS A/S (Denmark)<sup>\*</sup> | 423404 | 9257185 |
| &nbsp;&nbsp;&nbsp;**Construction & Engineering - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Fugro N.V. (Netherlands)<sup>\*</sup> | 691195 | 9203830 |
| &nbsp;&nbsp;&nbsp;&nbsp;OX2 AB (Sweden)<sup>\*</sup> | 156796 | 1210411 |
|  |  | 10414241 |
| &nbsp;&nbsp;&nbsp;**Electrical Equipment - 3.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Alfen N.V. (Netherlands)<sup>\*1</sup> | 73872 | 6853720 |
| &nbsp;&nbsp;&nbsp;Hexatronic Group AB (Sweden) | 643269 | 7917651 |
| &nbsp;&nbsp;&nbsp;Voltronic Power Technology Corp. (Taiwan) | 80498 | 4073543 |
|  |  | 18844914 |
| &nbsp;&nbsp;&nbsp;**Machinery - 6.6%** |  |  |
| &nbsp;&nbsp;&nbsp;Aalberts N.V. (Netherlands) | 147775 | 6987180 |
| &nbsp;&nbsp;&nbsp;Interpump Group S.p.A. (Italy) | 88236 | 4601501 |
| &nbsp;&nbsp;&nbsp;Nabtesco Corp. (Japan) | 203300 | 5952322 |
| &nbsp;&nbsp;&nbsp;Takeuchi Manufacturing Co. Ltd. (Japan) | 215400 | 4767332 |
| &nbsp;&nbsp;&nbsp;THK Co. Ltd. (Japan) | 385700 | 8185462 |
| &nbsp;&nbsp;&nbsp;Trelleborg AB - Class B (Sweden) | 244737 | 6119521 |
| &nbsp;&nbsp;&nbsp;&nbsp;VAT Group AG (Switzerland)<sup>1</sup> | 15965 | 4969966 |
|  |  | 41583284 |
| &nbsp;&nbsp;&nbsp;**Professional Services - 4.4%** |  |  |
| &nbsp;&nbsp;&nbsp;ALS Ltd. (Australia) | 1183280 | 10978435 |
| &nbsp;&nbsp;&nbsp;TechnoPro Holdings, Inc. (Japan) | 361100 | 11242908 |
| &nbsp;&nbsp;&nbsp;Teleperformance (France) | 21285 | 5916953 |
|  |  | 28138296 |
| &nbsp;&nbsp;&nbsp;**Road & Rail - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Redde Northgate plc (United Kingdom) | 342166 | 1830783 |
| &nbsp;&nbsp;&nbsp;Sixt SE (Germany) | 20214 | 2513224 |
| &nbsp;&nbsp;&nbsp;TFI International, Inc. (Canada) | 127511 | 14201537 |
|  |  | 18545544 |
| &nbsp;&nbsp;&nbsp;**Trading Companies & Distributors - 4.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Howden Joinery Group plc (United Kingdom) | 262313 | 2238260 |
| &nbsp;&nbsp;&nbsp;RS Group Plc (United Kingdom) | 1130474 | 13142733 |
| &nbsp;&nbsp;&nbsp;Sojitz Corp. (Japan) | 258600 | 5127088 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | SHARES | SHARES | VALUE | VALUE |
| **COMMON STOCKS** (continued) |  |  |  |  |
| **Industrials** (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Trading Companies & Distributors** (continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Toromont Industries Ltd. (Canada) |  | 62000 | $| 4952824 |
|  |  |  |  | 25460905 |
| &nbsp;&nbsp;&nbsp;**Transportation Infrastructure - 1.3%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Grupo Aeroportuario del Sureste S.A.B.de C.V. - Class B (Mexico) |  | 299761 |  | 8122305 |
| **Total Industrials** |  |  |  | 186485783 |
| **Information Technology - 8.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 4.1%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 4.1%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 4.1%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 4.1%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 4.1%** |
| &nbsp;&nbsp;&nbsp;Barco N.V. (Belgium) |  | 162446 |  | 4112111 |
| &nbsp;&nbsp;&nbsp;E Ink Holdings, Inc. (Taiwan) |  | 711000 |  | 4125774 |
| &nbsp;&nbsp;&nbsp;Halma plc (United Kingdom) |  | 259405 |  | 6906412 |
| &nbsp;&nbsp;&nbsp;Oxford Instruments plc (United Kingdom) |  | 191735 |  | 5543123 |
| &nbsp;&nbsp;&nbsp;Sinbon Electronics Co. Ltd. (Taiwan) |  | 581000 |  | 5582086 |
|  |  |  |  | 26269506 |
| &nbsp;&nbsp;&nbsp;**IT Services - 0.8%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Keywords Studios plc (Ireland) |  | 150349 |  | 5280774 |
| &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.6%** | &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.6%** | &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.6%** | &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.6%** | &nbsp;&nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.6%** |
| &nbsp;&nbsp;&nbsp;eMemory Technology, Inc. (Taiwan) |  | 105000 |  | 5756983 |
| &nbsp;&nbsp;&nbsp;&nbsp;Nordic Semiconductor ASA (Norway)<sup>\*</sup> |  | 371739 |  | 5927771 |
| &nbsp;&nbsp;&nbsp;&nbsp;SOITEC (France)<sup>\*</sup> |  | 31556 |  | 4785984 |
|  |  |  |  | 16470738 |
| &nbsp;&nbsp;&nbsp;**Software - 0.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;The Descartes Systems Group, Inc. (Canada)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;The Descartes Systems Group, Inc. (Canada)<sup>\*</sup> | 37139 |  | 2710306 |
| &nbsp;&nbsp;&nbsp;Fortnox AB (Sweden) |  | 547076 |  | 2760625 |
|  |  |  |  | 5470931 |
| **Total Information Technology** |  |  |  | 53491949 |
| **Materials - 10.8%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Chemicals - 2.5%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Johnson Matthey plc (United Kingdom) |  | 112250 |  | 3135455 |
| &nbsp;&nbsp;&nbsp;K+S AG (Germany) |  | 201149 |  | 4814790 |
| &nbsp;&nbsp;&nbsp;Kaneka Corp. (Japan) |  | 205400 |  | 5392652 |
| &nbsp;&nbsp;&nbsp;SKC Co. Ltd. (South Korea) |  | 37601 |  | 2931239 |
|  |  |  |  | 16274136 |
| &nbsp;&nbsp;&nbsp;**Construction Materials - 2.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Semen Indonesia Persero Tbk PT (Indonesia) |  | 11707976 |  | 5799744 |
| &nbsp;&nbsp;&nbsp;Wienerberger AG (Austria) |  | 247416 |  | 7440046 |
|  |  |  |  | 13239790 |
| &nbsp;&nbsp;&nbsp;**Containers & Packaging - 1.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Huhtamaki OYJ (Finland) |  | 192003 |  | 7181463 |
| &nbsp;&nbsp;&nbsp;**Metals & Mining - 5.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;APL Apollo Tubes Ltd. (India) |  | 324116 |  | 4542649 |
| &nbsp;&nbsp;&nbsp;Iluka Resources Ltd. (Australia) |  | 628471 |  | 4835882 |
| &nbsp;&nbsp;&nbsp;&nbsp;Lynas Rare Earths Ltd. (Australia)<sup>\*</sup> |  | 1352119 |  | 9051266 |
| &nbsp;&nbsp;&nbsp;OZ Minerals Ltd. (Australia) |  | 222448 |  | 4405999 |
| &nbsp;&nbsp;&nbsp;&nbsp;Pilbara Minerals Ltd. (Australia)<sup>\*</sup> |  | 1122661 |  | 3819203 |

---

**2**

**Investment Portfolio - January 31, 2023** 

(unaudited)

---

| | | |
|:---|:---|:---|
| RAINIER INTERNATIONAL DISCOVERY SERIES | SHARES | VALUE |
| **COMMON STOCKS** (continued) |  |  |
| **Materials** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Metals & Mining** (continued) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;SSAB AB - Class B (Sweden) | 809011 | $5513143 |
|  |  | 32168142 |
| **Total Materials** |  | 68863531 |
| **Real Estate - 3.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;**Equity Real Estate Investment Trusts (REITS) - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Japan Hotel REIT Investment Corp. (Japan) | 17860 | 11317638 |
| &nbsp;&nbsp;&nbsp;&nbsp;**Real Estate Management & Development - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corp. Inmobiliaria Vesta S.A.B. de C.V. (Mexico) | 1880100 | 5117970 |
| &nbsp;&nbsp;&nbsp;&nbsp;The Phoenix Mills Ltd. (India) | 265932 | 4458385 |
|  |  | 9576355 |
| **Total Real Estate** |  | 20893993 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | SHARES | SHARES | VALUE |
| **COMMON STOCKS** (continued) |  |  |  |
| **Utilities - 4.6%** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 4.6%** | &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 4.6%** | &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 4.6%** | &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 4.6%** |
| &nbsp;&nbsp;&nbsp;Boralex, Inc. - Class A (Canada) |  | 218747 | $6120740 |
| &nbsp;&nbsp;&nbsp;ERG S.p.A. (Italy) |  | 300096 | 9061834 |
| &nbsp;&nbsp;&nbsp;Innergex Renewable Energy, Inc. (Canada) |  | 370152 | 4401041 |
| &nbsp;&nbsp;&nbsp;NHPC Ltd. (India) |  | 4142941 | 2228200 |
| &nbsp;&nbsp;&nbsp;Solaria Energia y Medio Ambiente S.A. (Spain)<sup>\*</sup> | &nbsp;&nbsp;&nbsp;Solaria Energia y Medio Ambiente S.A. (Spain)<sup>\*</sup> | 112633 | 2311081 |
| &nbsp;&nbsp;&nbsp;West Holdings Corp. (Japan) |  | 163400 | 4899639 |
| **Total Utilities** |  |  | 29022535 |
| **TOTAL COMMON STOCKS** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Identified Cost $495,582,299) |  |  | **598350082** |
| **SHORT-TERM INVESTMENT - 5.1%** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.23%<sup>2</sup> <br> (Identified Cost $32,512,215) |  | 32512215 | **32512215** |
| **TOTAL INVESTMENTS - 99.4%** |  |  | **630862297** |
| &nbsp;&nbsp;&nbsp;(Identified Cost $528,094,514) |  |  |  |
| **OTHER ASSETS, LESS LIABILITIES - 0.6%** |  |  | **3620607** |
| **NET ASSETS - 100%** |  |  | $**634482904** |

---

NVDR - Non-Voting Depositary Receipt

\*Non-income producing security.

<sup>1</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act") and determined to be liquid under the Fund's Liquidity Risk Management Program. The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at January 31, 2023 was $30,818,203, which represented 4.9% of the Series' Net Assets.

<sup>2</sup>Rate shown is the current yield as of January 31, 2023.

The Series' portfolio holds, as a percentage of net assets, greater than 10% in the following country:

Japan - 15.7%.

The Global Industry Classification Standard (GICS) was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of S&P Global Inc. (S&P), and is licensed for use by Manning & Napier when referencing GICS sectors. Neither MSCI, S&P, nor any third party involved in making or compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification, nor shall any such party have any liability therefrom.

**Fair Value Information:**

GAAP establishes the following fair value hierarchy that categorizes the inputs used to measure fair value. Level 1 includes quoted prices (unadjusted) in active markets for identical financial instruments that the Series' can access at the reporting date. Level 2 includes other significant observable inputs (including, but not limited to, quoted prices for similar financial instruments in active markets, quoted prices for identical or similar financial instruments in inactive markets, interest rates and yield curves, implied volatilities, and credit spreads). Level 3 includes unobservable inputs (including the Valuation Designee's own assumptions in determining fair value). A financial instrument's level within the fair value hierarchy is based on the lowest level of any input both individually and in aggregate that is significant to the fair value measurement. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

**3**

**Investment Portfolio - January 31, 2023** 

(unaudited)

The following is a summary of the valuation levels used for major security types as of January 31, 2023 in valuing the Series' assets or liabilities carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;DESCRIPTION | TOTAL | LEVEL 1 | LEVEL 2<sup>#</sup> | LEVEL 3 |
| &nbsp;&nbsp;&nbsp;Assets: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | $16356912 | $— | $16356912 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | 70318288 |  | 70318288 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | 32103111 |  | 32103111 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | 24832498 |  | 24832498 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | 45816859 | 9252962 | 36563897 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | 50164623 |  | 50164623 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | 186485783 | 35266707 | 151219076 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | 53491949 | 2710306 | 50781643 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | 68863531 |  | 68863531 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | 20893993 | 5117970 | 15776023 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | 29022535 | 10521781 | 18500754 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investment | 32512215 | 32512215 |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $630862297 | $95381941 | $535480356 | $— |

---

 

<sup>#</sup>Includes certain foreign equity securities for which a factor from a third party vendor was applied to determine the securities' fair value following the close of local trading.

There were no Level 3 securities held by the Series as of October 31, 2022 or January 31, 2023.

The Investment Portfolio should be read in conjunction with the financial statements and notes to financial statements, which are included in the Series' audited annual report or unaudited semi-annual report. These reports include additional information about the Series' security valuation policies and about certain security types invested in by the Series.

**4**

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Manning & Napier Fund, Inc.

- **b. Investment Company Act file number:** 811-04087

- **c. CIK number of Registrant:** 0000751173

- **d. LEI of Registrant:** 549300B31SDCBSJSN672

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 290 Woodcliff Drive

  - **City:** Fairport

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 14450

  - **Telephone number:** 585-325-6880

**Item A.2. Information about the Series.**

- **a. Name of Series:** Rainier International Discovery Series

- **b. EDGAR series identifier (if any):** S000058080

- **c. LEI of Series:** 549300RCS6KC1N38XF30

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $634891574.33

**Total Liabilities:** $703543.99

**Net Assets:** $634188030.34

**Cash Not Reported:** $4990883.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000190099 | 9.25%                | -3.77%               | 6.36%                |
| Class ID C000206468 | 9.30%                | -3.71%               | 6.47%                |
| Class ID C000190100 | 9.16%                | -3.79%               | 6.33%                |
| Class ID C000190101 | 9.25%                | -3.76%               | 6.33%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-9203777.68             | $67621843.28                               |
| Month 2  | $-4532180.37             | $-20258467.62                              |
| Month 3  | $-3171393.79             | $40592585.39                               |

### Schedule of Portfolio Investments

| Name                               | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Whitbread PLC                      | Whitbread PLC                             | CUSIP: 000000000<br>LEI: 21380099VMZKRMN3EX36 | Long             | EC               | CORP              | GB        |     99497 | NS      | $3747280.85   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd       | Max Healthcare Institute Ltd              | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    627644 | NS      | $3396830.53   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaneka Corp                        | Kaneka Corp                               | CUSIP: 000000000<br>LEI: 529900FWWCF6RY313R16 | Long             | EC               | CORP              | JP        |    205400 | NS      | $5392651.57   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Seiko Group Corp                   | Seiko Group Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    221900 | NS      | $5009803.12   | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| Nabtesco Corp                      | Nabtesco Corp                             | CUSIP: 000000000<br>LEI: 529900DVHQXYRTGW7739 | Long             | EC               | CORP              | JP        |    203300 | NS      | $5952322.31   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Internet Initiative Japan Inc      | Internet Initiative Japan Inc             | CUSIP: 000000000<br>LEI: 529900EOCJNAPUHDFR78 | Long             | EC               | CORP              | JP        |    475000 | NS      | $8913747.64   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| PharmaEssentia Corp                | PharmaEssentia Corp                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    226552 | NS      | $3707001.06   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| MLP SE                             | MLP SE                                    | CUSIP: 000000000<br>LEI: 529900M25NF9TALIWQ20 | Long             | EC               | CORP              | DE        |    168383 | NS      | $933593.65    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Xvivo Perfusion AB                 | Xvivo Perfusion AB                        | CUSIP: 000000000<br>LEI: 549300G2464FYLS14B41 | Long             | EC               | CORP              | SE        |     66434 | NS      | $1363529.89   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp                        | Sojitz Corp                               | CUSIP: 000000000<br>LEI: 5493004SE33MRLPB1W98 | Long             | EC               | CORP              | JP        |    258600 | NS      | $5127087.61   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Amvis Holdings Inc                 | Amvis Holdings Inc                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    325886 | NS      | $8725275.37   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Aker Solutions ASA                 | Aker Solutions ASA                        | CUSIP: 000000000<br>LEI: 5967007LIEEXZXG42836 | Long             | EC               | CORP              | NO        |   2409602 | NS      | $9525819.65   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| MIPS AB                            | MIPS AB                                   | CUSIP: 000000000<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     14686 | NS      | $562021.94    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| SOITEC                             | SOITEC                                    | CUSIP: 000000000<br>LEI: 969500ZR92SQCU9TST26 | Long             | EC               | CORP              | FR        |     31556 | NS      | $4785983.43   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Interpump Group SpA                | Interpump Group SpA                       | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     88236 | NS      | $4601500.55   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| VIP Industries Ltd                 | VIP Industries Ltd                        | CUSIP: 000000000<br>LEI: 335800ZOF8VAW3IYEB61 | Long             | EC               | CORP              | IN        |    689818 | NS      | $5904144.67   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| BioGaia AB                         | BioGaia AB                                | CUSIP: 000000000<br>LEI: 549300UBUJOY2L7TT361 | Long             | EC               | CORP              | SE        |    324931 | NS      | $2856071.90   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Keywords Studios PLC               | Keywords Studios PLC                      | CUSIP: 000000000<br>LEI: 2138007VR9ZYCWS7VE12 | Long             | EC               | CORP              | IE        |    150349 | NS      | $5280773.76   | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| OX2 AB                             | OX2 AB                                    | CUSIP: 000000000<br>LEI: 549300DSDIWP6USPXU21 | Long             | EC               | CORP              | SE        |    156796 | NS      | $1210411.04   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co Ltd          | Sinbon Electronics Co Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    581000 | NS      | $5582086.15   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Solaria Energia y Medio Ambien     | Solaria Energia y Medio Ambiente SA       | CUSIP: 000000000<br>LEI: 959800PM2YJU406K2789 | Long             | EC               | CORP              | ES        |    112633 | NS      | $2311081.09   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| eMemory Technology Inc             | eMemory Technology Inc                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    105000 | NS      | $5756983.37   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Saab AB                            | Saab AB                                   | CUSIP: 000000000<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |    215055 | NS      | $8804028.34   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Matthey PLC                | Johnson Matthey PLC                       | CUSIP: 000000000<br>LEI: 2138001AVBSD1HSC6Z10 | Long             | EC               | CORP              | GB        |    112250 | NS      | $3135454.95   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Iluka Resources Ltd                | Iluka Resources Ltd                       | CUSIP: 000000000<br>LEI: 2549009N2Y1F4YNB0955 | Long             | EC               | CORP              | AU        |    628471 | NS      | $4835882.21   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Huhtamaki Oyj                      | Huhtamaki Oyj                             | CUSIP: 000000000<br>LEI: 5493007050SJVMXN6L29 | Long             | EC               | CORP              | FI        |    192003 | NS      | $7181463.17   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Fortnox AB                         | Fortnox AB                                | CUSIP: 000000000<br>LEI: 549300MSNMHPC3O60W78 | Long             | EC               | CORP              | SE        |    547076 | NS      | $2760625.09   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Universal Robina Corp              | Universal Robina Corp                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   2611130 | NS      | $6596211.54   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Nextage Co Ltd                     | Nextage Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    317100 | NS      | $7132575.87   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Com7 PCL                           | Com7 PCL                                  | CUSIP: 000000000<br>LEI: 984500C71C65E6KC5A42 | Long             | EC               | CORP              | TH        |   6081900 | NS      | $5798388.57   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| VAT Group AG                       | VAT Group AG                              | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |     15965 | NS      | $4969966.20   | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Corp Inmobiliaria Vesta SAB de     | Corp Inmobiliaria Vesta SAB de CV         | CUSIP: 000000000<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |   1880100 | NS      | $5117969.57   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Boralex Inc                        | Boralex Inc                               | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |    218747 | NS      | $6120740.15   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Fleet Management Corp      | Element Fleet Management Corp             | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    611533 | NS      | $8640652.66   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA       | Gaztransport Et Technigaz SA              | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     51700 | NS      | $5715753.21   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Toromont Industries Ltd            | Toromont Industries Ltd                   | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     62000 | NS      | $4952824.02   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Varun Beverages Ltd                | Varun Beverages Ltd                       | CUSIP: 000000000<br>LEI: 33580058NWEMWBDNMD48 | Long             | EC               | CORP              | IN        |    880602 | NS      | $12367530.43  | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnoPro Holdings Inc             | TechnoPro Holdings Inc                    | CUSIP: 000000000<br>LEI: 3538001DJ8I5PJQNHU53 | Long             | EC               | CORP              | JP        |    361100 | NS      | $11242908.44  | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| TFI International Inc              | TFI International Inc                     | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |    127511 | NS      | $14201537.03  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ringkjoebing Landbobank A/S        | Ringkjoebing Landbobank A/S               | CUSIP: 000000000<br>LEI: 2138002M5U5K4OUMVV62 | Long             | EC               | CORP              | DK        |     28259 | NS      | $4112323.14   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| K+S AG                             | K+S AG                                    | CUSIP: 000000000<br>LEI: 529900YURAYD4IJX2J91 | Long             | EC               | CORP              | DE        |    201149 | NS      | $4814789.95   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| THK Co Ltd                         | THK Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    385700 | NS      | $8185461.61   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| RS GROUP PLC                       | RS GROUP PLC                              | CUSIP: 000000000<br>LEI: 549300KVXDURRKVW7R37 | Long             | EC               | CORP              | GB        |   1130474 | NS      | $13142733.10  | 2.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Topdanmark AS                      | Topdanmark AS                             | CUSIP: 000000000<br>LEI: 549300PP3ULLF0SQRK46 | Long             | EC               | CORP              | DK        |    175727 | NS      | $9485339.09   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Unibrew A/S                  | Royal Unibrew A/S                         | CUSIP: 000000000<br>LEI: 529900D69KFL8IAP8Q63 | Long             | EC               | CORP              | DK        |     32515 | NS      | $2283270.01   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                          | Halma PLC                                 | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    259405 | NS      | $6906412.11   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Hotels Co Ltd               | Indian Hotels Co Ltd                      | CUSIP: 000000000<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |   3057960 | NS      | $11294911.55  | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| West Holdings Corp                 | West Holdings Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    163400 | NS      | $4899638.91   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Takeuchi Manufacturing Co Ltd      | Takeuchi Manufacturing Co Ltd             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    215400 | NS      | $4767332.15   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                      | Rightmove PLC                             | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    478796 | NS      | $3478880.95   | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Trainline PLC                      | Trainline PLC                             | CUSIP: 000000000<br>LEI: 213800HO26VXTFJ4MO71 | Long             | EC               | CORP              | GB        |    976853 | NS      | $3417840.92   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ISS A/S                            | ISS A/S                                   | CUSIP: 000000000<br>LEI: 213800LEZA58SZNCBN19 | Long             | EC               | CORP              | DK        |    423404 | NS      | $9257184.66   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Global House PCL              | Siam Global House PCL                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   3800219 | NS      | $2403615.68   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Aalberts NV                        | Aalberts NV                               | CUSIP: 000000000<br>LEI: 549300EMP9DT6Q35HZ31 | Long             | EC               | CORP              | NL        |    147775 | NS      | $6987180.21   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA             | Brunello Cucinelli SpA                    | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     71365 | NS      | $5944030.51   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordic Semiconductor ASA           | Nordic Semiconductor ASA                  | CUSIP: 000000000<br>LEI: 5967007LIEEXZXJGFK95 | Long             | EC               | CORP              | NO        |    371739 | NS      | $5927771.23   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Worley Ltd                         | Worley Ltd                                | CUSIP: 000000000<br>LEI: 549300XDR86FY8OLGP97 | Long             | EC               | CORP              | AU        |    873676 | NS      | $9590924.97   | 1.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Rheinmetall AG                     | Rheinmetall AG                            | CUSIP: 000000000<br>LEI: 5299001OU9CSE29O6S05 | Long             | EC               | CORP              | DE        |     39909 | NS      | $9325039.90   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| APL Apollo Tubes Ltd               | APL Apollo Tubes Ltd                      | CUSIP: 000000000<br>LEI: 335800ZU4GXSB7Q4IU95 | Long             | EC               | CORP              | IN        |    324116 | NS      | $4542649.19   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Transaction Capital Ltd            | Transaction Capital Ltd                   | CUSIP: 000000000<br>LEI: 213800LKDMT3FP3FQU40 | Long             | EC               | CORP              | ZA        |    294226 | NS      | $583379.14    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                     | ALK-Abello A/S                            | CUSIP: 000000000<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |    503824 | NS      | $7526131.70   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Virbac SA                          | Virbac SA                                 | CUSIP: 000000000<br>LEI: 969500QQ1X5XHG649644 | Long             | EC               | CORP              | FR        |     20144 | NS      | $6113184.07   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Hotel REIT Investment Co     | Japan Hotel REIT Investment Corp          | CUSIP: 000000000<br>LEI: 353800L8KG849FP1JI68 | Long             | EC               | CORP              | JP        |     17860 | NS      | $11317638.70  | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Teleperformance                    | Teleperformance                           | CUSIP: 000000000<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |     21285 | NS      | $5916952.72   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Barco NV                           | Barco NV                                  | CUSIP: 000000000<br>LEI: 549300N17QCD827TII61 | Long             | EC               | CORP              | BE        |    162446 | NS      | $4112111.19   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Nikon Corp                         | Nikon Corp                                | CUSIP: 654111103<br>LEI: 549300X7LIS9RFELXJ98 | Long             | EC               | CORP              | JP        |    460900 | NS      | $4550654.17   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Alfen N.V.                         | Alfen N.V.                                | CUSIP: 000000000<br>LEI: 724500HDW6IWR9J5YT90 | Long             | EC               | CORP              | NL        |     73872 | NS      | $6853719.68   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC              | Auto Trader Group PLC                     | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    510961 | NS      | $3964283.42   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Revenio Group Oyj                  | Revenio Group Oyj                         | CUSIP: 000000000<br>LEI: 743700I27E0FWSXLKK04 | Long             | EC               | CORP              | FI        |     83884 | NS      | $3429236.68   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| BuySell Technologies Co Ltd        | BuySell Technologies Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     71200 | NS      | $3329587.18   | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| OZ Minerals Ltd                    | OZ Minerals Ltd                           | CUSIP: 000000000<br>LEI: 529900O2VBT5CL7EZT27 | Long             | EC               | CORP              | AU        |    222448 | NS      | $4405998.99   | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Sixt SE                            | Sixt SE                                   | CUSIP: 000000000<br>LEI: 5299004ZME6CSBR7WP07 | Long             | EC               | CORP              | DE        |     20214 | NS      | $2513224.63   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Phoenix Mills Ltd/The              | Phoenix Mills Ltd/The                     | CUSIP: 000000000<br>LEI: 33580037PCXCE5PNQU51 | Long             | EC               | CORP              | IN        |    265932 | NS      | $4458385.20   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Asahi Intecc Co Ltd                | Asahi Intecc Co Ltd                       | CUSIP: 000000000<br>LEI: 353800J3AV2SCNIO8L39 | Long             | EC               | CORP              | JP        |    276600 | NS      | $4852720.89   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Surgical Science Sweden AB         | Surgical Science Sweden AB                | CUSIP: 000000000<br>LEI: 549300YROAI18G6JL885 | Long             | EC               | CORP              | SE        |     12867 | NS      | $181990.45    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                            | SSAB AB                                   | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    809011 | NS      | $5513142.76   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumber Alfaria Trijaya Tbk PT      | Sumber Alfaria Trijaya Tbk PT             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  26947884 | NS      | $5094021.37   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| CreditAccess Grameen Ltd           | CreditAccess Grameen Ltd                  | CUSIP: 000000000<br>LEI: 335800YHFDVKKBDQMK23 | Long             | EC               | CORP              | IN        |    285285 | NS      | $3010061.53   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Wienerberger AG                    | Wienerberger AG                           | CUSIP: 000000000<br>LEI: 529900VXIFBHO0SW2I31 | Long             | EC               | CORP              | AT        |    247416 | NS      | $7440045.88   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Hexatronic Group AB                | Hexatronic Group AB                       | CUSIP: 000000000<br>LEI: 2138001VSY1B4U9JLM82 | Long             | EC               | CORP              | SE        |    643269 | NS      | $7917651.35   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Pilbara Minerals Ltd               | Pilbara Minerals Ltd                      | CUSIP: 000000000<br>LEI: 5299000VV1CZVF5K9C16 | Long             | EC               | CORP              | AU        |   1122661 | NS      | $3819203.25   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Descartes Systems Group Inc/Th     | Descartes Systems Group Inc/The           | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     37139 | NS      | $2710305.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemometec A/S                     | Chemometec A/S                            | CUSIP: 000000000<br>LEI: 213800533NBKECGONO68 | Long             | EC               | CORP              | DK        |     43417 | NS      | $3803767.01   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                    | Pro Medicus Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     88415 | NS      | $4222589.11   | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| ERG SpA                            | ERG SpA                                   | CUSIP: 000000000<br>LEI: 8156004604684CA44A90 | Long             | EC               | CORP              | IT        |    300096 | NS      | $9061833.89   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Fugro NV                           | Fugro NV                                  | CUSIP: 000000000<br>LEI: 7245000R8GNBSDTSZ396 | Long             | EC               | CORP              | NL        |    691195 | NS      | $9203829.57   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ALS Ltd                            | ALS Ltd                                   | CUSIP: 000000000<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |   1183280 | NS      | $10978435.27  | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT | DREYFUS GOVERN CASH MGMT-I                | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  27813451 | NS      | $27813450.71  | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Trelleborg AB                      | Trelleborg AB                             | CUSIP: 000000000<br>LEI: 213800XY16PAWG2PAD14 | Long             | EC               | CORP              | SE        |    244737 | NS      | $6119520.77   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Surest     | Grupo Aeroportuario del Sureste SAB de CV | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |    299761 | NS      | $8122304.51   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Semen Indonesia Persero Tbk PT     | Semen Indonesia Persero Tbk PT            | CUSIP: 000000000<br>LEI: 2549006ADJYJS2SD8T24 | Long             | EC               | CORP              | ID        |  11707976 | NS      | $5799744.47   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Innergex Renewable Energy Inc      | Innergex Renewable Energy Inc             | CUSIP: 45790B104<br>LEI: 549300EORYEC4J59SU80 | Long             | EC               | CORP              | CA        |    370152 | NS      | $4401040.65   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sydbank AS                         | Sydbank AS                                | CUSIP: 000000000<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | EC               | CORP              | DK        |    264313 | NS      | $12052220.67  | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| goeasy Ltd                         | goeasy Ltd                                | CUSIP: 380355107<br>LEI: 5493009DJVZG2P8YV435 | Long             | EC               | CORP              | CA        |      6566 | NS      | $612310.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| E Ink Holdings Inc                 | E Ink Holdings Inc                        | CUSIP: 000000000<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |    711000 | NS      | $4125774.48   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                        | Euronext NV                               | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     81088 | NS      | $6570717.39   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Cor     | Voltronic Power Technology Corp           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     80498 | NS      | $4073543.47   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC Ltd                           | NHPC Ltd                                  | CUSIP: 000000000<br>LEI: 3358003ZPPTGWT595J46 | Long             | EC               | CORP              | IN        |   4142941 | NS      | $2228200.10   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SKC Co Ltd                         | SKC Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     37601 | NS      | $2931239.02   | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Redde Northgate PLC                | Redde Northgate PLC                       | CUSIP: 000000000<br>LEI: 213800B3ZUTDOZYVJB41 | Long             | EC               | CORP              | GB        |    342166 | NS      | $1830782.79   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| L'Occitane International SA        | L'Occitane International SA               | CUSIP: 000000000<br>LEI: 549300TLZP9DZV3ROI47 | Long             | EC               | CORP              | LU        |   2071000 | NS      | $5762077.63   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Watches of Switzerland Group P     | Watches of Switzerland Group PLC          | CUSIP: 000000000<br>LEI: 2138008ZOT5K9PJW7168 | Long             | EC               | CORP              | GB        |    381599 | NS      | $4479653.87   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Lynas Rare Earths Ltd              | Lynas Rare Earths Ltd                     | CUSIP: 000000000<br>LEI: 529900SGT9M1FJPXXI35 | Long             | EC               | CORP              | MY        |   1352119 | NS      | $9051265.60   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC           | Howden Joinery Group PLC                  | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    262313 | NS      | $2238259.89   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Siam Global House PCL              | Siam Global House PCL                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   6311183 | NS      | $3991784.68   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Oxford Instruments PLC             | Oxford Instruments PLC                    | CUSIP: 000000000<br>LEI: 213800J364EZD6UCE231 | Long             | EC               | CORP              | GB        |    191735 | NS      | $5543122.60   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Page Industries Ltd                | Page Industries Ltd                       | CUSIP: 000000000<br>LEI: 335800D6UFCCKUP3KD53 | Long             | EC               | CORP              | IN        |      5615 | NS      | $2751994.24   | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| CAE Inc                            | CAE Inc                                   | CUSIP: 124765108<br>LEI: 549300FFM2BEH2GF1E44 | Long             | EC               | CORP              | CA        |    353782 | NS      | $7990041.04   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-17

**Name of Applicant:** Manning & Napier Fund, Inc.

**Signature:** Troy M. Statczar

**Name of Signer:** Troy M. Statczar

**Title:** Principal Financial Officer