Miller Convertible Bond Fund Class C (MCFCX)

Fund Assets	374.57M
Expense Ratio	2.04%
Min. Investment	$2,500
Turnover	114.00%
Dividend (ttm)	0.71
Dividend Yield	5.40%
Dividend Growth	68.72%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 15, 2026

Previous Close	13.02
YTD Return	6.99%
1-Year Return	8.73%
5-Year Return	12.05%
52-Week Low	12.36
52-Week High	13.72
Beta (5Y)	0.54
Holdings	50
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.

• Fund Family: Miller Investment
• Category: Convertibles
• Performance Rating: Low
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: MCFCX
• Share Class: Class C Shares
• Index: ICE BofA Yield Alternative US Convertible TR USD

Performance

MCFCX had a total return of 8.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.11%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
MCIFX	Class I Shares	1.04%
MCFAX	Class A Shares	1.54%

Top 10 Holdings

30.57% of assets

Name	Symbol	Weight
BLACKROCK LIQUIDITY FUNDS - BLKR-LIQ T-INS	n/a	3.62%
ZOETIS INC - ZTS 0 1/4 06/15/29	ZTS.0.25 06.15.29	3.34%
JD.COM INC - JD 0 1/4 06/01/29	JD.0.25 06.01.29	3.26%
EURONET WORLDWIDE INC - EEFT 0 5/8 10/01/30	n/a	3.05%
ITRON INC - ITRI 0 03/15/32	ITRI.0 03.15.32	2.93%
NOMURA AMERICA FINANCE LLC - NOMURA AMERICA FINANCE	NOMURA.0 02.24.27 MTN	2.92%
AVNET INC - AVT 1 3/4 09/01/30	n/a	2.91%
GLOBAL PAYMENTS INC - GPN 1 1/2 03/01/31	GPN.1.5 03.01.31	2.89%
AEROVIRONMENT INC - AVAV 0 07/15/30	AVAV.0 07.15.30	2.84%
WINNEBAGO INDUSTRIES INC - WGO 3 1/4 01/15/30	WGO.3.25 01.15.30	2.81%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 15, 2026	$0.1672	Sep 16, 2026
Jun 15, 2026	$0.1528	Jun 16, 2026
Mar 16, 2026	$0.3291	Mar 17, 2026
Dec 15, 2025	$0.0565	Dec 16, 2025
Sep 15, 2025	$0.0206	Sep 16, 2025
Jun 16, 2025	$0.0877	Jun 17, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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