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Morningstar

Miller Convertible Plus I MCPIX

Morningstar Medalist Rating
Medalist Rating as of | See Miller Investment Hub
  • NAV / 1-Day Return 20.75  /  −0.43 %
  • Total Assets 42.4 Mil
  • Adj. Expense Ratio
    1.520%
  • Expense Ratio 3.160%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Convertibles
  • Investment Style —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 1.84%
  • Turnover 122%

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0

Morningstar’s Analysis MCPIX

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

  • People Pillar

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

Weakness in Miller Convertible Plus 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 highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings MCPIX

More MCPIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 30.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

ShockWave Medical Inc 1%

3.34 1.9 Mil
Corporate

Advanced Energy Industries, Inc. 2.5%

3.27 1.8 Mil
Corporate

Akamai Technologies, Inc. 0.375%

3.10 1.7 Mil
Corporate

JPMorgan Chase Financial Company LLC 0%

2.95 1.6 Mil
Corporate

UBS AG, London Branch 0%

2.92 1.6 Mil
Corporate

Morgan Stanley Finance LLC. 2.5%

2.92 1.6 Mil
Corporate

DexCom Inc 0.375%

2.91 1.6 Mil
Corporate

Citigroup Global Markets Holdings Inc. 1%

2.88 1.6 Mil
Corporate

Fluor Corporation 1.125%

2.86 1.6 Mil
Corporate

John Bean Technologies Corp. 0.25%

2.86 1.6 Mil
Corporate