Miller Convertible Bond Fund Class C (MCFCX)
| Fund Assets | 381.35M |
| Expense Ratio | 2.04% |
| Min. Investment | $2,500 |
| Turnover | 114.00% |
| Dividend (ttm) | 0.56 |
| Dividend Yield | 4.16% |
| Dividend Growth | 20.58% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 15, 2026 |
| Previous Close | 13.44 |
| YTD Return | 8.49% |
| 1-Year Return | 12.65% |
| 5-Year Return | 12.82% |
| 52-Week Low | 12.36 |
| 52-Week High | 13.51 |
| 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.
Performance
MCFCX had a total return of 12.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.28%.
Top 10 Holdings
29.79% of assets| Name | Symbol | Weight |
|---|---|---|
| AVNET INC - AVT 1 3/4 09/01/30 | AVT.1.75 09.01.30 | 3.47% |
| VISHAY INTERTECHNOLOGY INC - VSH 2 1/4 09/15/30 | VSH.2.25 09.15.30 | 3.23% |
| EURONET WORLDWIDE INC - EEFT 0 5/8 10/01/30 | EEFT.0.625 10.01.30 | 3.00% |
| NOMURA AMERICA FINANCE LLC - NOMURA AMERICA FINANCE | NOMURA.0 02.24.27 MTN | 2.99% |
| AKAMAI TECHNOLOGIES INC - AKAM 1 1/8 02/15/29 | AKAM.1.125 02.15.29 | 2.96% |
| WINNEBAGO INDUSTRIES INC - WGO 3 1/4 01/15/30 | WGO.3.25 01.15.30 | 2.86% |
| CITIGROUP GLOBAL MARKETS HOLDINGS INC - C 1 02/03/27 | C.1 02.03.27 MTN | 2.86% |
| GS FINANCE CORP - GS 0 01/07/28 | GS.0 01.07.28 | 2.85% |
| BANK OF MONTREAL - BMO 1 01/26/29 | BMO.V1 01.26.29 DMTN | 2.80% |
| GLOBAL PAYMENTS INC - GPN 1 1/2 03/01/31 | GPN.1.5 03.01.31 | 2.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 17, 2025 | $0.2487 | Mar 18, 2025 |