Miller Market Neutral Income Fund I (MMNIX)
11.26
+0.01
(+0.09%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.69% | 122.18M | -- | 406.0% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 75.18M | 9.88% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
41
-27.91M
Peer Group Low
167.83M
Peer Group High
1 Year
% Rank:
35
75.18M
-376.67M
Peer Group Low
1.567B
Peer Group High
3 Months
% Rank:
19
-50.66M
Peer Group Low
393.80M
Peer Group High
3 Years
% Rank:
25
-1.963B
Peer Group Low
2.021B
Peer Group High
6 Months
% Rank:
37
-134.22M
Peer Group Low
564.77M
Peer Group High
5 Years
% Rank:
44
-2.306B
Peer Group Low
3.435B
Peer Group High
YTD
% Rank:
35
-315.17M
Peer Group Low
1.514B
Peer Group High
10 Years
% Rank:
37
-5.314B
Peer Group Low
9.096B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 06, 2025.
Asset Allocation
As of July 31, 2025.
| Type | % Net |
|---|---|
| Cash | 42.32% |
| Stock | -50.66% |
| Bond | 107.9% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.44% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
USD Cash
|
48.22% | -- | -- |
| Super Micro Computer, Inc. SUPEMIC 0.0 06/15/2030 FIX USD Corporate 144A | 3.81% | -- | -- |
| CLOUDFLARE, INC. CLOUDFI 0.0 06/15/2030 FIX USD Corporate 144A | 3.22% | -- | -- |
| Itron, Inc. ITRN 1.375 07/15/2030 FIX USD Corporate | 2.77% | 103.07 | -0.56% |
| ARRAY TECHNOLOGIES, INC. ARRAYT 2.875 07/01/2031 FIX USD Corporate 144A | 2.70% | -- | -- |
| Liberty Media Corporation LIBEMED 2.25 08/15/2027 FIX USD Corporate 144A | 2.69% | 120.69 | -0.72% |
| BENTLEY SYSTEMS, INCORPORATED BENTSYS 0.375 07/01/2027 FIX USD Corporate 144A | 2.66% | 94.01 | 0.07% |
| Ascendis Pharma A/S ASCEPHA 2.25 04/01/2028 FIX USD Corporate | 2.61% | 139.75 | -0.05% |
| Advanced Energy Industries, Inc. AEIS 2.5 09/15/2028 FIX USD Corporate | 2.54% | 170.04 | 1.02% |
|
Tyler Technologies Inc .25% 15-MAR-2026
|
2.50% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.76% |
| Administration Fee | 35.17K% |
| Maximum Front Load | -- |
| 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 | 1.00M None |
| Minimum Subsequent Investment | 100.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Funds advisor, seeks to maximize the Funds total return comprising current income and capital appreciation and preserve principal by investing in convertible bonds. |
| General | |
| Security Type | Mutual Fund |
| Broad Asset Class | Alternative |
| Broad Category | Alternative Strategies |
| Global Peer Group | Alternative Equity Market Neutral |
| Peer Group | Alternative Equity Market Neutral Funds |
| Global Macro | Alternative Equity |
| US Macro | Alternative Equity Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Alternative Equity Market Neutral Funds |
| Fund Owner Firm Name | Miller Family of Funds |
| Broad Asset Class Benchmark Index | |
| ^MSACWINTR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (12-4-25) | 2.36% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 108 |
| Stock | |
| Weighted Average PE Ratio | -- |
| Weighted Average Price to Sales Ratio | -- |
| Weighted Average Price to Book Ratio | -- |
| Weighted Median ROE | -- |
| Weighted Median ROA | -- |
| ROI (TTM) | -- |
| Return on Investment (TTM) | -- |
| Earning Yield | -- |
| LT Debt / Shareholders Equity | -- |
| Number of Equity Holdings | 52 |
| Bond | |
| Yield to Maturity (7-31-25) | -1.30% |
| Effective Duration | -- |
| Average Coupon | 2.11% |
| Calculated Average Quality | 4.00 |
| Effective Maturity | 3.589 |
| Nominal Maturity | 3.589 |
| Number of Bond Holdings | 52 |
As of July 31, 2025
Growth Metrics
| EPS Growth (1Y) | -- |
| EPS Growth (3Y) | -- |
| EPS Growth (5Y) | -- |
| Sales Growth (1Y) | -- |
| Sales Growth (3Y) | -- |
| Sales Growth (5Y) | -- |
| Sales per Share Growth (1Y) | -- |
| Sales per Share Growth (3Y) | -- |
| Operating Cash Flow - Growth Rate (3Y) | -- |
As of July 31, 2025
Fund Details
| Key Dates | |
| Inception Date | 12/29/2023 |
| Last Annual Report Date | 10/31/2024 |
| Last Prospectus Date | 3/1/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:MMNIX", "name") |
| Broad Asset Class: =YCI("M:MMNIX", "broad_asset_class") |
| Broad Category: =YCI("M:MMNIX", "broad_category_group") |
| Prospectus Objective: =YCI("M:MMNIX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |