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Morningstar

Miller Convertible Bond I MCIFX

Morningstar Medalist Rating
Medalist Rating as of | See Miller Investment Hub
  • NAV / 1-Day Return 12.10  /  0.08 %
  • Total Assets 678.5 Mil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 3.27%
  • Turnover 73%

USD | NAV as of Nov 30, 2023 | 1-Day Return as of Nov 30, 2023, 11:18 PM GMT+0

Morningstar’s Analysis MCIFX

Will MCIFX 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 MCIFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the MCIFX 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 MCIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Miller Convertible 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

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MCIFX

More MCIFX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 21
  • Other Holdings 58
  • % Assets in Top 10 Holdings 28.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JPMorgan Chase Financial Company LLC 0%

3.24
25,392,500
Corporate

PetIQ Inc. 4%

3.20
25,050,838
Corporate

JetBlue Airways Corporation 0.5%

3.02
23,682,958
Corporate

Citigroup Global Markets Holdings Inc. 0%

3.01
23,568,800
Corporate

The Greenbrier Companies, Inc. 2.875%

2.88
22,522,983
Corporate

Barclays Bank plc 0%

2.76
21,617,200
Corporate

GS Finance Corp 0%

2.75
21,569,100
Corporate

Akamai Technologies, Inc. 0.375%

2.64
20,699,826
Corporate

Ford Motor Company 0%

2.61
20,475,731
Corporate

LCI Industries 1.125%

2.56
20,034,091
Corporate