Miller Convertible Bond Fund Class C (MCFCX)
| Fund Assets | 592.18M |
| Expense Ratio | 2.02% |
| Min. Investment | $2,500 |
| Turnover | 73.00% |
| Dividend (ttm) | 0.46 |
| Dividend Yield | 3.71% |
| Dividend Growth | 13.99% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 16, 2025 |
| Previous Close | 12.49 |
| YTD Return | 1.76% |
| 1-Year Return | 2.21% |
| 5-Year Return | 17.10% |
| 52-Week Low | 11.81 |
| 52-Week High | 12.97 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Dec 1, 2009 |
About MCFCX
Miller Convertible Bond Fund Class C is a mutual fund centered on convertible securities, aiming to deliver a balance of current income and capital appreciation while maintaining a focus on capital preservation. The fund primarily invests at least 80% of its assets in convertible bonds, which are hybrid instruments that provide fixed-income features alongside the potential for equity-like growth if the underlying stocks perform well. The portfolio typically contains a diversified mix of convertible bonds, sometimes supplemented by synthetic convertibles and securities with similar characteristics. This dual nature allows the fund to offer the upside potential associated with equities during market rallies and the downside mitigation characteristic of bonds during market declines. Managed by Wellesley Asset Management, the fund is noted for its specialized expertise in convertible bond strategies, often exhibiting more bond-like attributes than its peers—making it particularly relevant as an alternative to traditional fixed income. With exposure to multiple sectors and issuers, especially within the U.S., Miller Convertible Bond Fund Class C serves investors seeking a blend of income generation, risk management, and growth within a single vehicle.
Performance
MCFCX had a total return of 2.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.85%.
Top 10 Holdings
29.02% of assets| Name | Symbol | Weight |
|---|---|---|
| BlackRock Liquidity Funds - T-Fund | TSTXX | 3.45% |
| Citigroup Global Markets Holdings Inc. - C 1 02/03/27 | C.1 02.03.27 MTN | 3.00% |
| Sarepta Therapeutics Inc - SRPT 1 1/4 09/15/27 | n/a | 2.90% |
| Royal Bank of Canada - RBC 0 09/25/2027 | RY.0 09.23.27 D4NV | 2.88% |
| Ford Motor Company - F 0 03/15/26 | F.0 03.15.26 | 2.84% |
| Vishay Intertechnology, Inc. - VSH 2 1/4 09/15/30 | n/a | 2.83% |
| JPMorgan Chase Financial Co LLC - JPM 0 04/26/28 | JPM.0 04.26.28 EMTZ | 2.80% |
| Amphastar Pharmaceuticals Inc - AMPH 2 03/15/29 | AMPH.2 03.15.29 | 2.78% |
| Winnebago Industries Inc. - WGO 3 1/4 01/15/30 | WGO.3.25 01.15.30 | 2.78% |
| ON Semiconductor Corp. - ON 0 1/2 03/01/29 | ON.0.5 03.01.29 | 2.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.0877 | Jun 17, 2025 |
| Mar 17, 2025 | $0.2487 | Mar 18, 2025 |
| Dec 16, 2024 | $0.0612 | Dec 17, 2024 |
| Sep 16, 2024 | $0.066 | Sep 17, 2024 |
| Jun 17, 2024 | $0.0856 | Jun 18, 2024 |
| Mar 18, 2024 | $0.1863 | Mar 19, 2024 |