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Miller Convertible Bond Fund Class I (MCIFX)

Nasdaq - Nasdaq Delayed Price. Currency in USD
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13.63-0.05 (-0.37%)
At close: 06:46PM EST
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Miller Convertible Bond Fund Class I

Miller Investment Trust

20 William Street Suite G-5

Wellesley, MA 02481

877-441-4434
Management Information
Michael Miller,Lead Manager since February 28, 2010
As Chief Investment Officer of Wellesley Asset Management, Inc. and Co-Portfolio Manager of the firm’s mutual funds, separate managed accounts and private fund, Michael is an integral part of the firm’s investment team. He is responsible for convertible bond research and product development, analyzing and monitoring portfolio holdings, and communicating performance, portfolio and fund data. He also constructs and analyzes client portfolios.   In addition to his capacity as Chief Investment officer, Michael works directly with some of the firm’s institutional clients. Michael uses his over ten plus years of fixed income and financial planning experience to guide and educate many financial advisors, plan sponsors, registered investment advisors and asset allocators on the benefits of convertible bond investing.   Michael frequently speaks at national conferences educating investment professionals about the convertible bond asset class.   In 2017, Michael was recognized by Forbes magazine as a Top Next Generation Wealth Advisor and received the rating of number one in Massachusetts and number eleven nationally. Michael is a Certified Fixed Income Practitioner and a member of the Financial Planning Association.   Michael received his Bachelor of Science degree in Business Administration from American University’s Kogod School of Business in Washington, DC, where he specialized in finance, and his Master of Business Administration degree from Babson College F.W. Olin Graduate School of Business. Michael resides with his family in Wayland, Massachusetts.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryConvertibles
Fund FamilyMiller Investment
Net Assets1B
YTD Return-3.93%
Yield5.61%
Morningstar Rating
Inception DateDec 26, 2007

Fund Operations

Last Dividend0.30
Last Cap Gain0.00
Holdings Turnover94.00%
Average for CategoryN/A

Fees & Expenses

ExpenseMCIFXCategory Average
Annual Report Expense Ratio (net)1.00%1.13%
Prospectus Net Expense Ratio1.00%N/A
Prospectus Gross Expense Ratio1.00%N/A
Max 12b1 Fee0.00%N/A
Max Front End Sales LoadN/A4.33%
Max Deferred Sales LoadN/A1.57%
3 Yr Expense Projection318N/A
5 Yr Expense Projection552N/A
10 Yr Expense Projection1,225N/A
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