Miller Convertible Bond Fund Class A (MCFAX) Fund Details & Analysis

Fund Information

Fund Category Convertibles

Fund Family Miller Investment

Fund Style Large Growth

ISIN US60055P1021

CUSIP 60055P102

Inception Date 2007-12-27

Domicile United States

Country USA

Fiscal Year End October

NAV Chart

Fund Metrics

Net Assets $475.50 Million

Share Class Net Assets $32.23 Million

Expense Ratio 1.51%

Expense Ratio Date 2025-03-01

Dividend Yield 0.03%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 2.30%

1-Year Return 6.83%

3-Year Return 5.67%

5-Year Return 1.62%

NAV $13.33

Previous Close Price $12.96

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.03%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Miller Convertible Bond Fund Class A

The fund invests at least 80% of its assets (defined as net assets plus borrowings for investment purposes) in convertible bonds. The managers define convertible bonds as including synthetic convertible bonds and other securities that the advisor identifies as having characteristics similar to convertible bonds.

Detailed Metrics

Market Cap Distribution

AverageMarketCap %

Giant %

Large %

Medium %

Micro %

Small %

Value & Growth Metrics

Book-Value Growth % %

Cash-Flow Growth % %

Dividend Yield % %

Historical Earnings % %

Long-Term Earnings % %

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	21.37%	21.37%	0.00%	8.21%	0.00%
Cash	1.22%	1.22%	0.00%	2.20%	0.00%
Non US Stock	0.00%	0.00%	0.00%	0.08%	0.00%
Not Classified	77.41%	77.41%	0.00%	88.39%	0.00%
Other	0.00%	0.00%	0.00%	0.03%	0.00%
US Stock	0.00%	0.00%	0.00%	2.27%	0.00%

Top Holdings

Name	Weight	Owned	Change
JPM 0 09/24/25	3.62%	-	-
UBS 0 09/25/26	2.84%	-	-
C 1 02/03/27	2.83%	-	-
LCII 1 1/8 05/15/26	2.68%	-	-
BMRN 1 1/4 05/15/27	2.85%	-	-
BA 0 05/27/2027	2.79%	-	-
MS 2 1/2 11/06/26	2.61%	-	-
MTH 1 3/4 05/15/28	2.73%	-	-
JAZZ 2 06/15/26	2.51%	-	-
RY 0 07/15/27	2.55%	-	-
BMO 0 09/27/27	2.70%	-	-
RBC 0 09/25/2027	2.58%	-	-
F 0 03/15/26	2.87%	-	-
GS 0 02/03/28	2.45%	-	-
WGO 3 1/4 01/15/30	2.85%	-	-
NOMURA AMERICA FINANCE	3.38%	-	-
PCG 4 1/4 12/01/27	2.82%	-	-
LCII 3 03/01/30	2.75%	-	-
VSH 2 1/4 09/15/30	2.73%	-	-
AVT 1 3/4 09/01/30	2.71%	-	-
FOUR 0 1/2 08/01/27	2.70%	-	-
BAC 0 05/18/28	2.66%	-	-

See the full breakdown of MCFAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	2.21%	1.22%	0.00%
Bond Sector	Corporate	0.00%	97.75%	98.78%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	0.01%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	0.03%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.53%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	4.89%	0.00%	0.00%
Cyclical	Financial Services	0.00%	2.89%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.83%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.02%	0.00%	0.00%
Defensive	Healthcare	0.00%	9.08%	0.00%	0.00%
Defensive	Utilities	0.00%	53.65%	0.00%	0.00%
Sensitive	Communication Services	0.00%	3.73%	0.00%	0.00%
Sensitive	Energy	0.00%	7.75%	0.00%	0.00%
Sensitive	Industrials	0.00%	4.72%	0.00%	0.00%
Sensitive	Technology	0.00%	11.91%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	98.25%	-	-
Greater Asia	Asia Developed	0.51%	-	-
Greater Asia	Asia Emerging	0.73%	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	-	-	-
Greater Europe	Europe Developed	0.52%	-	-
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	-	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-16	$0.080	$0.080	USD	-	-	-	-
2024-09-16	$0.080	$0.080	USD	-	2024-09-13	2024-09-17	Quarterly
2024-06-17	$0.101	$0.101	USD	-	2024-06-14	2024-06-18	Quarterly
2024-03-18	$0.201	$0.201	USD	-	2024-03-15	2024-03-19	Quarterly
2023-12-15	$0.063	$0.063	USD	-	2023-12-14	2023-12-18	Quarterly
2023-09-18	$0.103	$0.103	USD	-	2023-09-15	2023-09-19	Quarterly
2023-06-15	$0.064	$0.064	USD	-	2023-06-14	2023-06-16	Quarterly
2023-03-15	$0.155	$0.155	USD	-	2023-03-14	2023-03-16	Quarterly
2022-12-16	$0.013	$0.013	USD	2022-12-16	2022-12-15	2022-12-19	Quarterly
2022-09-15	$0.053	$0.053	USD	-	2022-09-14	2022-09-16	Quarterly
2022-06-15	$0.183	$0.183	USD	-	2022-06-14	2022-06-16	Quarterly
2022-03-15	$0.177	$0.177	USD	2022-03-15	2022-03-14	2022-03-15	Quarterly
2021-12-17	$0.012	$0.012	USD	2021-12-17	2021-12-16	2021-12-17	QUARTERLY
2021-09-15	$0.021	$0.021	USD	2021-09-15	2021-09-14	2021-09-15	Quarterly
2021-06-15	$0.282	$0.282	USD	2021-06-15	2021-06-14	2021-06-15	Quarterly
2021-03-15	$0.098	$0.098	USD	2021-03-15	2021-03-12	2021-03-15	Quarterly
2020-12-18	$0.237	$0.237	USD	2020-12-18	2020-12-17	2020-12-18	QUARTERLY
2020-09-15	$0.132	$0.132	USD	2020-09-15	2020-09-14	2020-09-15	Quarterly
2020-06-15	$0.010	$0.010	USD	2020-06-15	2020-06-12	2020-06-15	Quarterly
2020-03-16	$0.037	$0.037	USD	2020-03-16	2020-03-13	2020-03-16	Quarterly
2019-12-18	$0.129	$0.129	USD	2019-12-18	2019-12-17	2019-12-18	Quarterly
2019-09-16	$0.043	$0.043	USD	2019-01-29	2019-09-13	2019-09-16	Quarterly
2019-06-17	$0.085	$0.085	USD	2019-06-17	2019-06-14	2019-06-17	Quarterly
2019-03-18	$0.057	$0.057	USD	2019-03-18	2019-03-15	2019-03-18	Quarterly
2018-12-26	$0.101	$0.101	USD	2018-12-26	2018-12-24	2018-12-26	Other
2018-06-18	$0.174	$0.174	USD	2018-06-18	2018-06-15	2018-06-18	Quarterly
2018-03-15	$0.072	$0.072	USD	2018-03-15	2018-03-14	2018-03-15	Quarterly
2017-12-27	$0.133	$0.133	USD	2017-12-27	2017-12-26	2017-12-27	Other
2017-09-18	$0.111	$0.111	USD	2017-09-18	2017-09-15	2017-09-18	Quarterly
2017-06-15	$0.125	$0.125	USD	2017-06-15	2017-06-14	2017-06-15	Quarterly
2017-03-15	$0.079	$0.079	USD	2017-03-15	2017-03-14	2017-03-15	Quarterly
2016-12-29	$0.100	$0.100	USD	2016-12-29	2016-12-28	2016-12-29	Quarterly
2016-09-15	$0.058	$0.058	USD	2016-09-15	2016-09-14	2016-09-15	Quarterly
2016-06-15	$0.073	$0.073	USD	2016-06-15	2016-06-14	2016-06-15	Quarterly
2016-03-15	$0.014	$0.014	USD	2016-03-15	2016-03-14	2016-03-15	Quarterly
2015-12-15	$0.051	$0.051	USD	2015-12-15	2015-12-14	2015-12-15	Other
2015-09-15	$0.026	$0.026	USD	2015-09-15	2015-09-14	2015-09-15	Quarterly
2015-06-15	$0.085	$0.085	USD	2015-06-15	2015-06-12	2015-06-15	Quarterly
2015-03-16	$0.097	$0.097	USD	2015-03-16	2015-03-13	2015-03-16	Quarterly
2014-12-15	$0.107	$0.107	USD	2014-12-15	2014-12-12	2014-12-15	Other
2014-09-15	$0.064	$0.064	USD	2014-09-15	2014-09-12	2014-09-15	Quarterly
2014-06-16	$0.090	$0.090	USD	2014-06-16	2014-06-13	2014-06-16	Quarterly
2014-03-17	$0.113	$0.113	USD	2014-03-17	2014-03-14	2014-03-17	Quarterly
2013-12-16	$0.007	$0.007	USD	2013-12-16	2013-12-13	2013-12-16	Other
2013-09-16	$0.084	$0.084	USD	2013-09-16	2013-09-13	2013-09-16	Quarterly
2013-06-17	$0.077	$0.077	USD	2013-06-17	2013-06-14	2013-06-17	Quarterly
2013-03-15	$0.144	$0.144	USD	2013-03-15	2013-03-14	2013-03-15	Quarterly
2012-09-17	$0.084	$0.084	USD	-	2012-09-14	2012-09-17	Quarterly
2012-03-15	$0.091	$0.091	USD	-	2012-03-14	2012-03-15	Quarterly
2011-12-15	$0.066	$0.066	USD	-	2011-12-14	2011-12-15	Other
2011-06-15	$0.040	$0.040	USD	-	2011-06-14	2011-06-15	Quarterly
2011-03-15	$0.091	$0.091	USD	-	2011-03-14	2011-03-15	Quarterly
2010-12-15	$0.190	$0.190	USD	-	2010-12-14	2010-12-15	Other
2010-09-28	$0.103	$0.103	USD	-	2010-09-27	2010-09-29	Quarterly
2010-06-30	$0.165	$0.165	USD	-	-	-	-
2009-12-31	$0.122	$0.122	USD	-	2009-12-30	2009-12-31	Annual
2008-12-31	$0.091	$0.091	USD	-	2008-12-30	2008-12-31	Other

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Miller Convertible Bond Fund Class A NMFQS:MCFAX