Miller Convertible Bond Fund A (MCFAX)
13.40
-0.02
(-0.15%)
USD |
Feb 27 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.51% | 480.74M | -- | 73.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -185.56M | 8.15% |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return while keeping volatility low and preserving principal. The Fund seeks to maximize total return by investing in convertible securities which often provide interest income, as well as capital appreciation if the value of converting to the underlying equity increases over time. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Fixed Income |
| Global Peer Group | Bond Convertibles US |
| Peer Group | Convertible Securities Funds |
| Global Macro | Bond Other |
| US Macro | Mixed-Assets Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Convertible Securities Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
80
-39.82M
Peer Group Low
816.42M
Peer Group High
1 Year
% Rank:
94
-185.56M
-220.72M
Peer Group Low
1.808B
Peer Group High
3 Months
% Rank:
86
-95.28M
Peer Group Low
1.482B
Peer Group High
3 Years
% Rank:
76
-902.14M
Peer Group Low
2.860B
Peer Group High
6 Months
% Rank:
99
-131.29M
Peer Group Low
1.705B
Peer Group High
5 Years
% Rank:
34
-2.596B
Peer Group Low
3.012B
Peer Group High
YTD
% Rank:
62
-39.82M
Peer Group Low
816.42M
Peer Group High
10 Years
% Rank:
39
-2.459B
Peer Group Low
3.849B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of February 28, 2026.
Asset Allocation
As of October 31, 2025.
| Type | % Net |
|---|---|
| Cash | 0.04% |
| Stock | 0.00% |
| Bond | 95.51% |
| Convertible | 3.32% |
| Preferred | 0.00% |
| Other | 1.14% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Nomura America Finance, LLC NOMUAME 02/24/2027 RNG USD Corporate | 3.38% | -- | -- |
| Ford Motor Company F 0.0 03/15/2026 FIX USD Corporate | 2.87% | 106.35 | -2.22% |
| Winnebago Industries, Inc. WINNIND 3.25 01/15/2030 FIX USD Corporate 144A | 2.85% | 96.00 | -0.69% |
| PG&E CORPORATION PCG 4.25 12/01/2027 FIX USD Corporate | 2.82% | 107.28 | 0.25% |
| LCI INDUSTRIES LCIIND 3.0 03/01/2030 FIX USD Corporate 144A | 2.75% | 127.73 | -0.52% |
| Vishay Intertechnology, Inc. VSH 2.25 09/15/2030 FIX USD Corporate 144A | 2.73% | 98.86 | -1.14% |
| Meritage Homes Corporation MRHMC 1.75 05/15/2028 FIX USD Corporate 144A | 2.73% | -- | -- |
| Avnet, Inc. AVT 1.75 09/01/2030 FIX USD Corporate | 2.71% | -- | -- |
| SHIFT4 PAYMENTS, INC. SHIFTPA 0.5 08/01/2027 FIX USD Corporate 144A | 2.70% | 93.93 | -0.46% |
| BofA Finance LLC BOFAFIN 05/18/2028 FLT USD Corporate | 2.66% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.50% |
| Actual Management Fee | 0.75% |
| Administration Fee | 15.32K% |
| Maximum Front Load | 3.75% |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return while keeping volatility low and preserving principal. The Fund seeks to maximize total return by investing in convertible securities which often provide interest income, as well as capital appreciation if the value of converting to the underlying equity increases over time. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Allocation |
| Broad Category | Fixed Income |
| Global Peer Group | Bond Convertibles US |
| Peer Group | Convertible Securities Funds |
| Global Macro | Bond Other |
| US Macro | Mixed-Assets Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Convertible Securities Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (2-26-26) | 3.53% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 58 |
| Bond | |
| Yield to Maturity (10-31-25) | 0.61% |
| Effective Duration | -- |
| Average Coupon | 2.23% |
| Calculated Average Quality | 3.566 |
| Effective Maturity | 2.829 |
| Nominal Maturity | 2.829 |
| Number of Bond Holdings | 56 |
As of October 31, 2025
Fund Details
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MCFAX", "name") |
| Broad Asset Class: =YCI("M:MCFAX", "broad_asset_class") |
| Broad Category: =YCI("M:MCFAX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MCFAX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |