# EDGAR Filing Document

**Accession Number:** 0000751173
**File Stem:** 0000940400-25-001995
**Filing Date:** 2025-9
**Character Count:** 55270
**Document Hash:** 9affea79234b3ececf2763bb5272ab6f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-001995.hdr.sgml**: 20250923

**ACCESSION NUMBER**: 0000940400-25-001995

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250923

**DATE AS OF CHANGE**: 20250923

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANNING & NAPIER FUND, INC.
- **CENTRAL INDEX KEY:** 0000751173

**ORGANIZATION NAME:**
- **EIN:** 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:** 251334216

**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 - July 31, 2025**

(unaudited)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;RAINIER INTERNATIONAL DISCOVERY<br> SERIES | SHARES | VALUE |
| **COMMON STOCKS - 96.9%** |  |  |
| **Communication Services - 9.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services - 1.9%** | &nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services - 1.9%** | &nbsp;&nbsp;&nbsp;**Diversified Telecommunication Services - 1.9%** |
| &nbsp;&nbsp;&nbsp;Helios Towers plc (Tanzania)<sup>\*</sup> | 1666981 | $2612967 |
| &nbsp;&nbsp;&nbsp;Internet Initiative Japan, Inc. (Japan) | 172900 | 3184218 |
| &nbsp;&nbsp;&nbsp;U-Next Holdings Co. Ltd. (Japan) | 201500 | 2709793 |
|  |  | 8506978 |
| &nbsp;&nbsp;&nbsp;**Entertainment - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;CTS Eventim AG & Co. KGaA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Germany) | 55970 | 6320382 |
| &nbsp;&nbsp;&nbsp;NetEase Cloud Music, Inc. (China)<sup>\*1</sup> | 111800 | 3622401 |
|  |  | 9942783 |
| &nbsp;&nbsp;&nbsp;**Interactive Media & Services - 5.1%** |  |  |
| &nbsp;&nbsp;&nbsp;Auto Trader Group plc (United Kingdom)<sup>1</sup> | 377650 | 4169179 |
| &nbsp;&nbsp;&nbsp;Hemnet Group AB (Sweden) | 54447 | 1567990 |
| &nbsp;&nbsp;&nbsp;Rightmove plc (United Kingdom) | 679652 | 7334462 |
| &nbsp;&nbsp;&nbsp;Scout24 SE (Germany)<sup>1</sup> | 70929 | 9479074 |
|  |  | 22550705 |
| **Total Communication Services** |  | 41000466 |
| **Consumer Discretionary - 7.1%** |  |  |
| &nbsp;&nbsp;&nbsp;**Household Durables - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;Coway Co. Ltd. (South Korea) | 37346 | 2912828 |
| &nbsp;&nbsp;&nbsp;Nikon Corp. (Japan) | 221400 | 2150170 |
| &nbsp;&nbsp;&nbsp;Rinnai Corp. (Japan) | 133812 | 3302742 |
|  |  | 8365740 |
| &nbsp;&nbsp;&nbsp;**Leisure Products - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Thule Group AB (Sweden)<sup>1</sup> | 75991 | 2149161 |
| &nbsp;&nbsp;&nbsp;**Specialty Retail - 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;Auto1 Group SE (Germany)<sup>\*1</sup> | 136315 | 4086440 |
| &nbsp;&nbsp;&nbsp;Cartrade Tech Ltd. (India)<sup>\*</sup> | 143267 | 3560594 |
| &nbsp;&nbsp;&nbsp;JUMBO S.A. (Greece) | 100264 | 3391446 |
| &nbsp;&nbsp;&nbsp;PAL GROUP Holdings Co. Ltd. (Japan) | 123600 | 4044180 |
|  |  | 15082660 |
| &nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods - 1.3%** | &nbsp;&nbsp;&nbsp;**Textiles, Apparel & Luxury Goods - 1.3%** |  |
| &nbsp;&nbsp;&nbsp;Brunello Cucinelli S.p.A. (Italy) | 50400 | 5652000 |
| **Total Consumer Discretionary** |  | 31249561 |
| **Consumer Staples - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;**Food Products - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;Gruma S.A.B. de C.V. - Class B (Mexico) | 76023 | 1309578 |
| &nbsp;&nbsp;&nbsp;LT Foods Ltd. (India) | 541310 | 2986436 |
|  |  | 4296014 |
| &nbsp;&nbsp;&nbsp;**Personal Care Products - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;Cosmax, Inc. (South Korea) | 20715 | 3730258 |
| **Total Consumer Staples** |  | 8026272 |
| **Energy - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;**Oil, Gas & Consumable Fuels - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;Gaztransport Et Technigaz S.A. (France) | 36048 | 6780108 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | SHARES | VALUE | VALUE |
| **COMMON STOCKS** (continued) |  |  |  |
| **Financials - 20.5%** |  |  |  |
| &nbsp;&nbsp;**Banks - 5.3%** |  |  |  |
| &nbsp;&nbsp;Fukuoka Financial Group, Inc. (Japan) | 239100 | $| 6519552 |
| &nbsp;&nbsp;Kyoto Financial Group, Inc. (Japan) | 385700 |  | 6977598 |
| &nbsp;&nbsp;Ringkjoebing Landbobank A/S |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Denmark) | 33507 |  | 7386669 |
| &nbsp;&nbsp;Sydbank AS (Denmark) | 35720 |  | 2646396 |
|  |  |  | 23530215 |
| &nbsp;&nbsp;**Capital Markets - 12.0%** |  |  |  |
| &nbsp;&nbsp;360 ONE WAM Ltd. (India) | 323562 |  | 3872831 |
| &nbsp;&nbsp;&nbsp;Euronext N.V. (Netherlands)<sup>1</sup> | 74912 |  | 12074997 |
| &nbsp;&nbsp;ICG plc (United Kingdom) | 108300 |  | 3100907 |
| &nbsp;&nbsp;Kfin Technologies Ltd. (India) | 235961 |  | 2894168 |
| &nbsp;&nbsp;Multi Commodity Exchange of India Ltd. (India) | 54211 |  | 4730864 |
| &nbsp;&nbsp;Nordnet AB publ (Sweden) | 259866 |  | 7017967 |
| &nbsp;&nbsp;St. James's Place plc (United Kingdom) | 497058 |  | 8554810 |
| &nbsp;&nbsp;Swissquote Group Holding S.A. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Switzerland) | 15896 |  | 10562028 |
|  |  |  | 52808572 |
| &nbsp;&nbsp;**Insurance - 3.2%** |  |  |  |
| &nbsp;&nbsp;Alm Brand A/S (Denmark) | 629270 |  | 1737510 |
| &nbsp;&nbsp;Definity Financial Corp. (Canada) | 208296 |  | 11222067 |
| &nbsp;&nbsp;Steadfast Group Ltd. (Australia) | 333074 |  | 1267641 |
|  |  |  | 14227218 |
| **Total Financials** |  |  | 90566005 |
| **Health Care - 4.7%** |  |  |  |
| &nbsp;&nbsp;**Biotechnology - 0.3%** |  |  |  |
| &nbsp;&nbsp;&nbsp;PharmaEssentia Corp. (Taiwan)<sup>\*</sup> | 84000 |  | 1386771 |
| &nbsp;&nbsp;**Health Care Equipment & Supplies - 0.6%** | &nbsp;&nbsp;**Health Care Equipment & Supplies - 0.6%** | &nbsp;&nbsp;**Health Care Equipment & Supplies - 0.6%** |  |
| &nbsp;&nbsp;Classys, Inc. (South Korea) | 65912 |  | 2727162 |
| &nbsp;&nbsp;**Health Care Providers & Services - 0.9%** | &nbsp;&nbsp;**Health Care Providers & Services - 0.9%** | &nbsp;&nbsp;**Health Care Providers & Services - 0.9%** | &nbsp;&nbsp;**Health Care Providers & Services - 0.9%** |
| &nbsp;&nbsp;Max Healthcare Institute Ltd. (India) | 285103 |  | 4044923 |
| &nbsp;&nbsp;**Health Care Technology - 0.9%** |  |  |  |
| &nbsp;&nbsp;Pro Medicus Ltd. (Australia) | 18038 |  | 3704186 |
| &nbsp;&nbsp;**Pharmaceuticals - 2.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;ALK-Abello A/S (Denmark)<sup>\*</sup> | 302514 |  | 8777092 |
| **Total Health Care** |  |  | 20640134 |
| **Industrials - 29.7%** |  |  |  |
| &nbsp;&nbsp;**Aerospace & Defense - 5.0%** |  |  |  |
| &nbsp;&nbsp;Babcock International Group plc (United Kingdom) | 895696 |  | 12280290 |
| &nbsp;&nbsp;Saab AB - Class B (Sweden) | 179571 |  | 9767588 |
|  |  |  | 22047878 |
| &nbsp;&nbsp;**Building Products - 0.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Munters Group AB (Sweden)<sup>1</sup> | 112741 |  | 1586635 |
| &nbsp;&nbsp;**Commercial Services & Supplies - 5.4%** | &nbsp;&nbsp;**Commercial Services & Supplies - 5.4%** | &nbsp;&nbsp;**Commercial Services & Supplies - 5.4%** | &nbsp;&nbsp;**Commercial Services & Supplies - 5.4%** |
| &nbsp;&nbsp;Daiei Kankyo Co. Ltd. (Japan) | 239000 |  | 4924694 |
| &nbsp;&nbsp;Element Fleet Management Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Canada) | 363213 |  | 9447313 |

---

**1**

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;RAINIER INTERNATIONAL DISCOVERY<br> SERIES | SHARES | VALUE | VALUE |
| **COMMON STOCKS** (continued) |  |  |  |
| **Industrials** (continued) |  |  |  |
| &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies** (continued) | &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies** (continued) | &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies** (continued) | &nbsp;&nbsp;&nbsp;**Commercial Services & Supplies** (continued) |
| &nbsp;&nbsp;&nbsp;Japan Elevator Service Holdings Co. Ltd. (Japan) | 346500 | $| 9249999 |
|  |  |  | 23622006 |
| &nbsp;&nbsp;&nbsp;**Construction & Engineering - 0.4%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Budimex S.A. (Poland) | 11046 |  | 1653101 |
| &nbsp;&nbsp;&nbsp;**Electrical Equipment - 3.0%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Hyosung Heavy Industries Corp. (South Korea) | 6978 |  | 6082867 |
| &nbsp;&nbsp;&nbsp;SWCC Corp. (Japan) | 119200 |  | 7135909 |
|  |  |  | 13218776 |
| &nbsp;&nbsp;&nbsp;**Ground Transportation - 0.5%** |  |  |  |
| &nbsp;&nbsp;&nbsp;TFI International, Inc. (Canada) | 27341 |  | 2377735 |
| &nbsp;&nbsp;&nbsp;**Machinery - 6.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;FLSmidth & Co. A/S (Denmark) | 71326 |  | 4195849 |
| &nbsp;&nbsp;&nbsp;HD Hyundai Marine Solution Co. Ltd. (South Korea) | 8134 |  | 1189710 |
| &nbsp;&nbsp;&nbsp;The Japan Steel Works Ltd. (Japan) | 132700 |  | 8184616 |
| &nbsp;&nbsp;&nbsp;Konecranes OYJ (Finland) | 64077 |  | 5339674 |
| &nbsp;&nbsp;&nbsp;Krones AG (Germany) | 11312 |  | 1675034 |
| &nbsp;&nbsp;&nbsp;Mitsui E&S Co. Ltd. (Japan) | 197300 |  | 4110634 |
| &nbsp;&nbsp;&nbsp;MNC Solution Co. Ltd. (South Korea) | 23665 |  | 2745006 |
| &nbsp;&nbsp;&nbsp;THK Co. Ltd. (Japan) | 98900 |  | 2779979 |
|  |  |  | 30220502 |
| &nbsp;&nbsp;&nbsp;**Professional Services - 2.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;ALS Ltd. (Australia) | 371988 |  | 4324540 |
| &nbsp;&nbsp;&nbsp;BayCurrent, Inc. (Japan) | 107300 |  | 6161171 |
| &nbsp;&nbsp;&nbsp;Insource Co. Ltd. (Japan) | 409300 |  | 2470439 |
|  |  |  | 12956150 |
| &nbsp;&nbsp;&nbsp;**Trading Companies & Distributors - 5.3%** | &nbsp;&nbsp;&nbsp;**Trading Companies & Distributors - 5.3%** |  |  |
| &nbsp;&nbsp;&nbsp;Diploma plc (United Kingdom) | 110014 |  | 7787888 |
| &nbsp;&nbsp;&nbsp;Howden Joinery Group plc (United Kingdom) | 469666 |  | 5437124 |
| &nbsp;&nbsp;&nbsp;Sojitz Corp. (Japan) | 239800 |  | 5707207 |
| &nbsp;&nbsp;&nbsp;Toromont Industries Ltd. (Canada) | 45302 |  | 4593301 |
|  |  |  | 23525520 |
| **Total Industrials** |  |  | 131208303 |
| **Information Technology - 14.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 7.3%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 7.3%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 7.3%** | &nbsp;&nbsp;&nbsp;**Electronic Equipment, Instruments & Components - 7.3%** |
| &nbsp;&nbsp;&nbsp;AAC Technologies Holdings, Inc. (China) | 498500 |  | 2520503 |
| &nbsp;&nbsp;&nbsp;Celestica, Inc. (Canada)<sup>\*</sup> | 25981 |  | 5194137 |
| &nbsp;&nbsp;&nbsp;Cowell e Holdings, Inc. (Hong Kong)<sup>\*</sup> | 928743 |  | 3124668 |
| &nbsp;&nbsp;&nbsp;Halma plc (United Kingdom) | 152143 |  | 6509972 |
| &nbsp;&nbsp;&nbsp;Kaynes Technology India Ltd. (India)<sup>\*</sup> | 47447 |  | 3323196 |
| &nbsp;&nbsp;&nbsp;Lagercrantz Group AB - Class B |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Sweden) | 331175 |  | 7688937 |
| &nbsp;&nbsp;&nbsp;Next Vision Stabilized Systems Ltd. (Israel) | 71115 |  | 2914760 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | SHARES | VALUE | VALUE |
| **COMMON STOCKS** (continued) |  |  |  |
| **Information Technology** (continued) |  |  |  |
| &nbsp;&nbsp;**Electronic Equipment, Instruments & Components** (continued) | &nbsp;&nbsp;**Electronic Equipment, Instruments & Components** (continued) | &nbsp;&nbsp;**Electronic Equipment, Instruments & Components** (continued) | &nbsp;&nbsp;**Electronic Equipment, Instruments & Components** (continued) |
| &nbsp;&nbsp;Oxford Instruments plc (United Kingdom) | 42015 | $| 1007646 |
|  |  |  | 32283819 |
| &nbsp;&nbsp;**IT Services - 1.7%** |  |  |  |
| &nbsp;&nbsp;JBCC Holdings, Inc. (Japan) | 308000 |  | 2647080 |
| &nbsp;&nbsp;&nbsp;Netcompany Group A/S (Denmark)<sup>\*1</sup> | 54372 |  | 1993810 |
| &nbsp;&nbsp;Sopra Steria Group (France) | 12282 |  | 2646370 |
|  |  |  | 7287260 |
| &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.1%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.1%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.1%** | &nbsp;&nbsp;**Semiconductors & Semiconductor Equipment - 2.1%** |
| &nbsp;&nbsp;ASPEED Technology, Inc. (Taiwan) | 29000 |  | 4391782 |
| &nbsp;&nbsp;BE Semiconductor Industries N.V. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;(Netherlands) | 19218 |  | 2596580 |
| &nbsp;&nbsp;eMemory Technology, Inc. (Taiwan) | 35000 |  | 2369309 |
|  |  |  | 9357671 |
| &nbsp;&nbsp;**Software - 3.8%** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cellebrite DI Ltd. (Israel)<sup>\*</sup> | 39858 |  | 557215 |
| &nbsp;&nbsp;&nbsp;The Descartes Systems Group, Inc. (Canada)<sup>\*</sup> | 8621 |  | 910817 |
| &nbsp;&nbsp;&nbsp;Kinaxis, Inc. (Canada)<sup>\*</sup> | 34390 |  | 5103897 |
| &nbsp;&nbsp;&nbsp;Kingdee International Software Group Co. Ltd. (China)<sup>\*</sup> | 2245000 |  | 5210670 |
| &nbsp;&nbsp;Technology One Ltd. (Australia) | 192327 |  | 5030994 |
|  |  |  | 16813593 |
| **Total Information Technology** |  |  | 65742343 |
| **Materials - 5.5%** |  |  |  |
| &nbsp;&nbsp;**Chemicals - 0.8%** |  |  |  |
| &nbsp;&nbsp;Fuso Chemical Co. Ltd. (Japan) | 125200 |  | 3547489 |
| &nbsp;&nbsp;**Construction Materials - 0.9%** |  |  |  |
| &nbsp;&nbsp;Wienerberger AG (Austria) | 114305 |  | 3831781 |
| &nbsp;&nbsp;**Metals & Mining - 3.8%** |  |  |  |
| &nbsp;&nbsp;Altius Minerals Corp. (Canada) | 172419 |  | 3619853 |
| &nbsp;&nbsp;Gravita India Ltd. (India) | 152822 |  | 3248978 |
| &nbsp;&nbsp;OR Royalties, Inc. (Canada) | 221763 |  | 6142656 |
| &nbsp;&nbsp;SSAB AB - Class B (Sweden) | 662138 |  | 3742189 |
|  |  |  | 16753676 |
| **Total Materials** |  |  | 24132946 |
| **Real Estate - 1.0%** |  |  |  |
| &nbsp;&nbsp;**Real Estate Management & Development - 1.0%** | &nbsp;&nbsp;**Real Estate Management & Development - 1.0%** | &nbsp;&nbsp;**Real Estate Management & Development - 1.0%** | &nbsp;&nbsp;**Real Estate Management & Development - 1.0%** |
| &nbsp;&nbsp;Nomura Real Estate Holdings, Inc. (Japan) | 473500 |  | 2623955 |
| &nbsp;&nbsp;Tosei Corp. (Japan) | 107600 |  | 2074798 |
| **Total Real Estate** |  |  | 4698753 |
| **Utilities - 0.9%** |  |  |  |
| &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.9%** | &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.9%** | &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.9%** | &nbsp;&nbsp;&nbsp;**Independent Power and Renewable Electricity Producers - 0.9%** |
| &nbsp;&nbsp;&nbsp;NHPC Ltd. (India) | 4117903 |  | 3886138 |
| **TOTAL COMMON STOCKS** |  |  |  |
| &nbsp;&nbsp;&nbsp;(Identified Cost $296,119,340) |  |  | **427931029** |

---

**2**

**Investment Portfolio - July 31, 2025**

(unaudited)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;RAINIER INTERNATIONAL DISCOVERY SERIES | SHARES | VALUE |
| **SHORT-TERM INVESTMENT - 3.1%** | **SHORT-TERM INVESTMENT - 3.1%** | **SHORT-TERM INVESTMENT - 3.1%** |
| &nbsp;&nbsp;&nbsp;Dreyfus Government Cash Management, Institutional Shares, 4.20%<sup>2</sup> |  |  |
| &nbsp;&nbsp;&nbsp;(Identified Cost $13,558,392) | 13558392 | $**13558392** |
| **TOTAL INVESTMENTS - 100.0%** | **TOTAL INVESTMENTS - 100.0%** | **441489421** |
| &nbsp;&nbsp;&nbsp;(Identified Cost $309,677,732) | &nbsp;&nbsp;&nbsp;(Identified Cost $309,677,732) |  |
| **OTHER ASSETS, LESS LIABILITIES - 0.0%##** | **OTHER ASSETS, LESS LIABILITIES - 0.0%##** | **176335** |
| **NET ASSETS - 100%** |  | $**441665756** |

---

\*Non-income producing security.

##Less than 0.1%.

<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 July 31, 2025 was $39,161,697, which represented 8.9% of the Series' Net Assets.

<sup>2</sup>Rate shown is the current yield as of July 31, 2025.

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

Japan - 20.5%, United Kingdom - 12.7% and Canada - 11.0%.

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 - July 31, 2025**

(unaudited)

The following is a summary of the valuation levels used for major security types as of July 31, 2025 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;&nbsp;Equity securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Communication Services | $41000466 | $— | $41000466 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Discretionary | 31249561 |  | 31249561 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consumer Staples | 8026272 | 1309578 | 6716694 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Energy | 6780108 |  | 6780108 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financials | 90566005 | 11222067 | 79343938 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Health Care | 20640134 |  | 20640134 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Industrials | 131208303 | 16418349 | 114789954 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Information Technology | 65742343 | 11766066 | 53976277 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Materials | 24132946 | 9762509 | 14370437 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Real Estate | 4698753 |  | 4698753 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Utilities | 3886138 |  | 3886138 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Investment | 13558392 | 13558392 |  |  |
| &nbsp;&nbsp;&nbsp;Total assets | $441489421 | $64036961 | $377452460 | $— |

---

<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, 2024 or July 31, 2025.

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:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $443376213.00

**Total Liabilities:** $1257837.58

**Net Assets:** $442118375.42

**Cash Not Reported:** $353669.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000190099 | 6.28%                | 7.11%                | -1.09%               |
| Class ID C000206468 | 6.37%                | 7.19%                | -0.98%               |
| Class ID C000190100 | 6.24%                | 7.06%                | -1.08%               |
| Class ID C000190101 | 6.33%                | 7.08%                | -1.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1425464.57             | $26350962.62                               |
| Month 2  | $3480499.10              | $26794364.38                               |
| Month 3  | $6558991.08              | $-11585680.54                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sopra Steria Group                 | Sopra Steria Group                          | CUSIP: 000000000<br>LEI: 96950020QIOHAAK9V551 | Long             | EC               | CORP              | FR        |     12282 | NS      | $2646369.80   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| MNC Solution Co Ltd                | MNC Solution Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23665 | NS      | $2745005.87   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Multi Commodity Exchange of In     | Multi Commodity Exchange of India Ltd       | CUSIP: 000000000<br>LEI: 254900BTZEPM27IOAM68 | Long             | EC               | CORP              | IN        |     54211 | NS      | $4730863.32   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Cosmax Inc                         | Cosmax Inc                                  | CUSIP: 000000000<br>LEI: 988400ZU10J4AP3M4Y14 | Long             | EC               | CORP              | KR        |     20715 | NS      | $3730258.46   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Nikon Corp                         | Nikon Corp                                  | CUSIP: 654111103<br>LEI: 549300X7LIS9RFELXJ98 | Long             | EC               | CORP              | JP        |    221400 | NS      | $2150169.68   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| OR Royalties Inc                   | OR Royalties Inc                            | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    221763 | NS      | $6142655.85   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Classys Inc                        | Classys Inc                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     65912 | NS      | $2727161.83   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Kfin Technologies Ltd              | Kfin Technologies Ltd                       | CUSIP: 000000000<br>LEI: 335800GNCGJJ76Z17N17 | Long             | EC               | CORP              | IN        |    235961 | NS      | $2894168.20   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Cloud Music Inc            | NetEase Cloud Music Inc                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    111800 | NS      | $3622401.45   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Coway Co Ltd                       | Coway Co Ltd                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     37346 | NS      | $2912828.24   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Mitsui E&S Co Ltd                  | Mitsui E&S Co Ltd                           | CUSIP: 000000000<br>LEI: 5493007T2YKKWF2NYN82 | Long             | EC               | CORP              | JP        |    197300 | NS      | $4110634.29   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| FLSmidth & Co A/S                  | FLSmidth & Co A/S                           | CUSIP: 000000000<br>LEI: 213800MXXDGQ3ITPXI41 | Long             | EC               | CORP              | DK        |     71326 | NS      | $4195848.83   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| BE Semiconductor Industries NV     | BE Semiconductor Industries NV              | CUSIP: 000000000<br>LEI: 7245007A1YFLI2GNYX06 | Long             | EC               | CORP              | NL        |     19218 | NS      | $2596579.67   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| JUMBO SA                           | JUMBO SA                                    | CUSIP: 000000000<br>LEI: 549300TGIVUUMY40MZ05 | Long             | EC               | CORP              | GR        |    100264 | NS      | $3391446.64   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Daiei Kankyo Co Ltd                | Daiei Kankyo Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    239000 | NS      | $4924694.02   | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| AAC Technologies Holdings Inc      | AAC Technologies Holdings Inc               | CUSIP: 000000000<br>LEI: 549300SKEDE1VKS0A552 | Long             | EC               | CORP              | CN        |    498500 | NS      | $2520502.87   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Gruma SAB de CV                    | Gruma SAB de CV                             | CUSIP: 000000000<br>LEI: 5493000XJLJ6C4T0PG82 | Long             | EC               | CORP              | MX        |     76023 | NS      | $1309578.28   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung Heavy Industries Corp      | Hyosung Heavy Industries Corp               | CUSIP: 000000000<br>LEI: 988400IDLF9EQ95M0928 | Long             | EC               | CORP              | KR        |      6978 | NS      | $6082867.35   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Descartes Systems Group Inc/Th     | Descartes Systems Group Inc/The             | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      8621 | NS      | $910817.11    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PAL GROUP Holdings Co Ltd          | PAL GROUP Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    123600 | NS      | $4044179.71   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| TFI International Inc              | TFI International Inc                       | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |     27341 | NS      | $2377735.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Alm Brand A/S                      | Alm Brand A/S                               | CUSIP: 000000000<br>LEI: 549300H4TGLJVZ6VTA48 | Long             | EC               | CORP              | DK        |    629270 | NS      | $1737509.64   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Tosei Corp                         | Tosei Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    107600 | NS      | $2074798.33   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| PharmaEssentia Corp                | PharmaEssentia Corp                         | CUSIP: 000000000<br>LEI: 54930001GNQLDIFASK68 | Long             | EC               | CORP              | TW        |     84000 | NS      | $1386771.11   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Trader Group PLC              | Auto Trader Group PLC                       | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |    377650 | NS      | $4169178.73   | 0.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Elevator Service Holding     | Japan Elevator Service Holdings Co Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    346500 | NS      | $9249998.90   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Hemnet Group AB                    | Hemnet Group AB                             | CUSIP: 000000000<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |     54447 | NS      | $1567990.65   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Max Healthcare Institute Ltd       | Max Healthcare Institute Ltd                | CUSIP: 000000000<br>LEI: 3358005LALYV4GZOYF67 | Long             | EC               | CORP              | IN        |    285103 | NS      | $4044923.50   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Konecranes Oyj                     | Konecranes Oyj                              | CUSIP: 000000000<br>LEI: 549300EF0CDEQZBMA096 | Long             | EC               | CORP              | FI        |     64077 | NS      | $5339674.07   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| ALK-Abello A/S                     | ALK-Abello A/S                              | CUSIP: 000000000<br>LEI: 529900SGCREUZCZ7P020 | Long             | EC               | CORP              | DK        |    302514 | NS      | $8777091.78   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Altius Minerals Corp               | Altius Minerals Corp                        | CUSIP: 020936100<br>LEI: 54930083UJGDUCMJMU61 | Long             | EC               | CORP              | CA        |    172419 | NS      | $3619853.28   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 ONE WAM Ltd                    | 360 ONE WAM Ltd                             | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |    323562 | NS      | $3872831.29   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinaxis Inc                        | Kinaxis Inc                                 | CUSIP: 49448Q109<br>LEI: 5299009VAZ14K7PFUQ15 | Long             | EC               | CORP              | CA        |     34390 | NS      | $5103896.94   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Krones AG                          | Krones AG                                   | CUSIP: 000000000<br>LEI: 529900NY2GSZWWUBW049 | Long             | EC               | CORP              | DE        |     11312 | NS      | $1675034.29   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Pro Medicus Ltd                    | Pro Medicus Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     18038 | NS      | $3704186.29   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Celestica Inc                      | Celestica Inc                               | CUSIP: 15101Q207<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     28281 | NS      | $5653954.83   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Scout24 SE                         | Scout24 SE                                  | CUSIP: 000000000<br>LEI: 5493007EIKM2ENQS7U66 | Long             | EC               | CORP              | DE        |     70929 | NS      | $9479073.79   | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA             | Brunello Cucinelli SpA                      | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     50400 | NS      | $5651999.72   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| U-Next Holdings Co Ltd             | U-Next Holdings Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    201500 | NS      | $2709792.35   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordnet AB publ                    | Nordnet AB publ                             | CUSIP: 000000000<br>LEI: 549300D6WW5ZTWLZ4C08 | Long             | EC               | CORP              | SE        |    259866 | NS      | $7017967.04   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Internet Initiative Japan Inc      | Internet Initiative Japan Inc               | CUSIP: 000000000<br>LEI: 529900EOCJNAPUHDFR78 | Long             | EC               | CORP              | JP        |    172900 | NS      | $3184217.66   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Next Vision Stabilized Systems     | Next Vision Stabilized Systems Ltd          | CUSIP: 000000000<br>LEI: 2549001OCAI48UYCZD40 | Long             | EC               | CORP              | IL        |     71115 | NS      | $2914759.42   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Swissquote Group Holding SA        | Swissquote Group Holding SA                 | CUSIP: 000000000<br>LEI: 549300O3WME82RDPEN66 | Long             | EC               | CORP              | CH        |     15896 | NS      | $10562028.17  | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| ALS Ltd                            | ALS Ltd                                     | CUSIP: 000000000<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    371988 | NS      | $4324540.26   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Steadfast Group Ltd                | Steadfast Group Ltd                         | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |    333074 | NS      | $1267640.74   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Marine Solution Co      | HD Hyundai Marine Solution Co Ltd           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      8134 | NS      | $1189710.01   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGEMENT | DREYFUS GOVERN CASH MGMT-I                  | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  13954728 | NS      | $13954728.08  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gravita India Ltd                  | Gravita India Ltd                           | CUSIP: 000000000<br>LEI: 335800PL6PSIRCLKWV57 | Long             | EC               | CORP              | IN        |    152822 | NS      | $3248978.51   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Nomura Real Estate Holdings In     | Nomura Real Estate Holdings Inc             | CUSIP: 000000000<br>LEI: 353800UZ91CT24OL9P59 | Long             | EC               | CORP              | JP        |    473500 | NS      | $2623954.55   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Ringkjoebing Landbobank A/S        | Ringkjoebing Landbobank A/S                 | CUSIP: 000000000<br>LEI: 2138002M5U5K4OUMVV62 | Long             | EC               | CORP              | DK        |     33507 | NS      | $7386669.32   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| SSAB AB                            | SSAB AB                                     | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    662138 | NS      | $3742188.68   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Technology One Ltd                 | Technology One Ltd                          | CUSIP: 000000000<br>LEI: 875500YEWBJIM91P9N12 | Long             | EC               | CORP              | AU        |    192327 | NS      | $5030994.26   | 1.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Steel Works Ltd/The          | Japan Steel Works Ltd/The                   | CUSIP: 000000000<br>LEI: 529900AWFTILIHHO0936 | Long             | EC               | CORP              | JP        |    132700 | NS      | $8184615.89   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Toromont Industries Ltd            | Toromont Industries Ltd                     | CUSIP: 891102105<br>LEI: 5493008W5EPRSLQ0B737 | Long             | EC               | CORP              | CA        |     45302 | NS      | $4593301.08   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fuso Chemical Co Ltd               | Fuso Chemical Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    125200 | NS      | $3547488.95   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| KINGDEE INT'L                      | Kingdee International Software Group Co Ltd | CUSIP: 000000000<br>LEI: 529900SWRZN94C5SZO63 | Long             | EC               | CORP              | CN        |   2245000 | NS      | $5210670.17   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Fukuoka Financial Group Inc        | Fukuoka Financial Group Inc                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    239100 | NS      | $6519551.72   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Rightmove PLC                      | Rightmove PLC                               | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |    679652 | NS      | $7334461.85   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| THK Co Ltd                         | THK Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     98900 | NS      | $2779978.69   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| NHPC Ltd                           | NHPC Ltd                                    | CUSIP: 000000000<br>LEI: 3358003ZPPTGWT595J46 | Long             | EC               | CORP              | IN        |   4117903 | NS      | $3886137.53   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyoto Financial Group Inc          | Kyoto Financial Group Inc                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    385700 | NS      | $6977598.35   | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Wienerberger AG                    | Wienerberger AG                             | CUSIP: 000000000<br>LEI: 529900VXIFBHO0SW2I31 | Long             | EC               | CORP              | AT        |    114305 | NS      | $3831781.02   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                            | ICG PLC                                     | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    108300 | NS      | $3100907.21   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| BayCurrent Inc                     | BayCurrent Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    107300 | NS      | $6161170.97   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Netcompany Group A/S               | Netcompany Group A/S                        | CUSIP: 000000000<br>LEI: 5299006DEGAWX1Z1X779 | Long             | EC               | CORP              | DK        |     54372 | NS      | $1993810.14   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Sydbank AS                         | Sydbank AS                                  | CUSIP: 000000000<br>LEI: GP5DT10VX1QRQUKVBK64 | Long             | EC               | CORP              | DK        |     35720 | NS      | $2646396.04   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                        | Diploma PLC                                 | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |    110014 | NS      | $7787887.90   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Cowell e Holdings Inc              | Cowell e Holdings Inc                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    928743 | NS      | $3124667.45   | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA       | Gaztransport Et Technigaz SA                | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     36048 | NS      | $6780108.35   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| JBCC Holdings Inc                  | JBCC Holdings Inc                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    308000 | NS      | $2647080.31   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellebrite DI Ltd                  | Cellebrite DI Ltd                           | CUSIP: 000000000<br>LEI: 254900G03462YGP1IO36 | Long             | EC               | CORP              | IL        |     39858 | NS      | $557214.84    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LT Foods Ltd                       | LT Foods Ltd                                | CUSIP: 000000000<br>LEI: 3358008WEECK49DUO516 | Long             | EC               | CORP              | IN        |    541310 | NS      | $2986435.72   | 0.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Babcock International Group PL     | Babcock International Group PLC             | CUSIP: 000000000<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |    895696 | NS      | $12280289.47  | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Halma PLC                          | Halma PLC                                   | CUSIP: 000000000<br>LEI: 2138007FRGLUR9KGBT40 | Long             | EC               | CORP              | GB        |    152143 | NS      | $6509971.97   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC           | Howden Joinery Group PLC                    | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |    469666 | NS      | $5437123.63   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| ASPEED Technology Inc              | ASPEED Technology Inc                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     29000 | NS      | $4391782.22   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Lagercrantz Group AB               | Lagercrantz Group AB                        | CUSIP: 000000000<br>LEI: 5493002L6I4YHANEYR87 | Long             | EC               | CORP              | SE        |    331175 | NS      | $7688936.96   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Cartrade Tech Ltd                  | Cartrade Tech Ltd                           | CUSIP: 000000000<br>LEI: 984500F5CDO5D86C1326 | Long             | EC               | CORP              | IN        |    143267 | NS      | $3560593.97   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaynes Technology India Ltd        | Kaynes Technology India Ltd                 | CUSIP: 000000000<br>LEI: 335800BMPIF3PQ2IPI37 | Long             | EC               | CORP              | IN        |     47447 | NS      | $3323196.38   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Munters Group AB                   | Munters Group AB                            | CUSIP: 000000000<br>LEI: 549300KYCB37YAVUV523 | Long             | EC               | CORP              | SE        |    112741 | NS      | $1586634.78   | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Definity Financial Corp            | Definity Financial Corp                     | CUSIP: 24477T100<br>LEI: 984500D5F3FC49D00C44 | Long             | EC               | CORP              | CA        |    208296 | NS      | $11222067.26  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Fleet Management Corp      | Element Fleet Management Corp               | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |    363213 | NS      | $9447312.73   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Towers PLC                  | Helios Towers PLC                           | CUSIP: 000000000<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |   1666981 | NS      | $2612967.33   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext NV                        | Euronext NV                                 | CUSIP: 000000000<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |     74912 | NS      | $12074996.31  | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Oxford Instruments PLC             | Oxford Instruments PLC                      | CUSIP: 000000000<br>LEI: 213800J364EZD6UCE231 | Long             | EC               | CORP              | GB        |     42015 | NS      | $1007645.91   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Thule Group AB                     | Thule Group AB                              | CUSIP: 000000000<br>LEI: 549300XHHOGBOERKU333 | Long             | EC               | CORP              | SE        |     75991 | NS      | $2149160.61   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto1 Group SE                     | Auto1 Group SE                              | CUSIP: 000000000<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |    136315 | NS      | $4086440.05   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Sojitz Corp                        | Sojitz Corp                                 | CUSIP: 000000000<br>LEI: 5493004SE33MRLPB1W98 | Long             | EC               | CORP              | JP        |    239800 | NS      | $5707207.16   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| St James's Place PLC               | St James's Place PLC                        | CUSIP: 000000000<br>LEI: 213800M993ICXOMBCP87 | Long             | EC               | CORP              | GB        |    497058 | NS      | $8554810.11   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Saab AB                            | Saab AB                                     | CUSIP: 000000000<br>LEI: 549300ZHO4JCQQI13M69 | Long             | EC               | CORP              | SE        |    179571 | NS      | $9767588.43   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA           | CTS Eventim AG & Co KGaA                    | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     55970 | NS      | $6320381.74   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Budimex SA                         | Budimex SA                                  | CUSIP: 000000000<br>LEI: 25940093SDJZW2C1V355 | Long             | EC               | CORP              | PL        |     11046 | NS      | $1653101.49   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| eMemory Technology Inc             | eMemory Technology Inc                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     35000 | NS      | $2369308.96   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Rinnai Corp                        | Rinnai Corp                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    133812 | NS      | $3302741.95   | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| SWCC Corp                          | SWCC Corp                                   | CUSIP: 000000000<br>LEI: 353800A7RNYOC4KL4T49 | Long             | EC               | CORP              | JP        |    119200 | NS      | $7135908.81   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Insource Co Ltd                    | Insource Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    409300 | NS      | $2470438.90   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-18

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

**Signature:** Jill Peeper

**Name of Signer:** Jill Peeper

**Title:** Principal Financial Officer and Treasurer