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Morningstar

Miller Intermediate Bond I MIFIX

Morningstar Medalist Rating
Medalist Rating as of | See Miller Investment Hub
  • NAV / 1-Day Return 16.26  /  +0.49 %
  • Total Assets 183.1 Mil
  • Adj. Expense Ratio
    0.990%
  • Expense Ratio 0.990%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Corporate Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 3.73%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:14 PM GMT+0

Morningstar’s Analysis MIFIX

Will MIFIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MIFIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MIFIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MIFIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Miller Intermediate Bond I's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings MIFIX

More MIFIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

BlackRock Liquidity T-Fund Instl

3.89 6.2 Mil
Cash and Equivalents

Microsoft Corporation 2.875%

3.13 5.0 Mil
Cash and Equivalents

Apple Inc. 2.85%

3.11 5.0 Mil
Corporate

Citigroup Global Markets Holdings Inc. 1%

2.81 4.5 Mil
Corporate

JPMorgan Chase Financial Company LLC 0%

2.80 4.5 Mil
Corporate

UBS AG, London Branch 0%

2.79 4.5 Mil
Corporate

Uber Technologies Inc 0%

2.72 4.3 Mil
Corporate

Morgan Stanley Finance LLC. 2.5%

2.70 4.3 Mil
Corporate

McDonald's Corporation 3.25%

2.67 4.3 Mil
Corporate

Akamai Technologies, Inc. 0.375%

2.65 4.2 Mil
Corporate