Performance
Trailing returns
| 1 day | +0.16% |
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| 1 week | +1.16% |
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| 4 week | +6.48% |
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| 3 month | +6.22% |
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| YTD | +11.81% |
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| 1 year | +18.48% |
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| 3 years* | +10.04% |
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| 5 years* | +6.97% |
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| *annualized | |||||
| Best 3 month return | +13.08% | |
| Worst 3 month return | -21.54% |
Morningstar statistics
Morningstar category: Convertibles
| Return | Risk | Rating | |
| 3 years | Below Average | Below Average |
 
|
| 5 years | Average | Low |
|
| 10 years | - | - | - |
| Overall | Average | Low |
|
Key statistics
| Total assets | 298.60M | |
| Front load | 5.75% | |
| Deferred load | - | |
| Expense ratio | 1.49% | |
| Management fee | - | |
| Fund family | Miller Investment |
Asset allocation
| Cash | 3.00% | |
| Stocks | 0.00% | |
| Bonds | 7.90% | |
| Convertible | 89.10% | |
| Other | 0.00% |
Purchase information
| Initial | US$2,500 | |
| Additional | US$100 | |
| IRA Initial | US$500 | |
| AIP Initial | US$2,500 | |
| AIP Additional | US$100 |
12.13-0.06(-0.49%)
May 22, 4:00PM EDT
Overall Morningstar RatingTM
Description
The investment seeks to maximize total return while keeping volatility low and preserving principal. The fund normally invests at least 80% of its assets in convertible securities of U.S. and foreign companies, and may invest without limitation in foreign companies. It defines convertible securities as: convertible bonds, convertible preferred stocks, and synthetic convertible securities. Generally, the convertible securities in the portfolio will have remaining maturities or put provisions of less than seven years. The fund is non-diversified.
Fund filings (PDF) »
Fund filings (PDF) »
Asset managers:
Greg Miller (Started: Dec 27, 2007)
Michael Miller (Started: Mar 1, 2010)
Greg Miller (Started: Dec 27, 2007)
Michael Miller (Started: Mar 1, 2010)
Risk
| 1 year | 3 years | 5 years | 10 years | ||
| Alpha* | -0.69 | -0.94 | 1.60 | - | |
| Beta* | 0.94 | 0.93 | 0.87 | - | |
| Mean annual return | 0.76 | 0.62 | 0.57 | - | |
| R-squared* | 79.17 | 86.55 | 78.37 | - | |
| Standard deviation | 7.37 | 9.71 | 12.32 | - | |
| Sharpe ratio | 1.23 | 0.76 | 0.53 | - | |
| * Against standard index | |||||
Top 10 holdings
| Security | Net Assets | |
| Wabash Natl Cv 3.375% | 4.05% | |
| Salix Pharmaceuticals 144A Cv 1.5% | 3.51% | |
| Altra Hldgs Cv 2.75% | 3.39% | |
| Hercules Tech Growth Cap Cv 6% | 3.38% | |
| Castle A M 144A Cv 7% | 3.37% | |
| Greenbrier Cos Cv 3.5% | 3.27% | |
| Titan Machy 144A Cv 3.75% | 3.05% | |
| Goldman Sachs Grp | 3.01% | |
| Newpark Res Cv 4% | 2.93% | |
| Rudolph Tech 144A Cv 3.75% | 2.83% |