Miller Convertible Bond Fund Class I (MCIFX)
| Fund Assets | 592.18M |
| Expense Ratio | 1.02% |
| Min. Investment | $1,000,000 |
| Turnover | 73.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 4.60% |
| Dividend Growth | 9.65% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 16, 2025 |
| Previous Close | 12.57 |
| YTD Return | 2.08% |
| 1-Year Return | 2.87% |
| 5-Year Return | 20.81% |
| 52-Week Low | 11.93 |
| 52-Week High | 13.12 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Dec 27, 2007 |
About MCIFX
The Miller Convertible Bond Fund is an open-ended mutual fund specializing in convertible bonds. Its primary objective is to maximize total return, combining current income with capital appreciation while preserving capital. Utilizing convertible bonds, which blend the fixed income characteristics of bonds with the growth potential of equities, the fund offers a diversified investment approach. It invests heavily in sectors such as healthcare, industrials, information technology, and consumer discretionary. The fund is managed by Wellesley Asset Management, leveraging their expertise in convertible bond strategies. By offering a mix of debt and equity features, the Miller Convertible Bond Fund serves as a strategic asset for investors seeking to diversify their portfolios and mitigate risk across various market conditions.
Performance
MCIFX had a total return of 2.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.46%.
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 | $0.1135 | Jun 17, 2025 |
| Mar 17, 2025 | $0.2754 | Mar 18, 2025 |
| Dec 16, 2024 | $0.0987 | Dec 17, 2024 |
| Sep 16, 2024 | $0.0928 | Sep 17, 2024 |
| Jun 17, 2024 | $0.1183 | Jun 18, 2024 |
| Mar 18, 2024 | $0.2143 | Mar 19, 2024 |