Miller Convertible Plus Fund (MCPIX)
Under normal conditions, 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.
Fund Info
US60055P8059
60055P805
Dec 30, 2014
$1,000,000
Expense Ratio
MCPIX has a high expense ratio of 1.80%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Miller Convertible Plus Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
MCPIX
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of MCPIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.58% | 1.21% | 2.27% | -2.87% | 0.73% | 0.82% | |||||||
| 2023 | 4.26% | -2.80% | -0.23% | -0.50% | -0.90% | 2.88% | 2.02% | -1.21% | -2.18% | -3.56% | 3.85% | 4.99% | 6.32% |
| 2022 | -3.95% | 1.48% | 1.72% | -7.55% | -1.79% | -5.46% | 3.50% | -2.16% | -7.08% | 4.57% | 3.57% | -2.84% | -15.73% |
| 2021 | 2.05% | 1.23% | -1.91% | 0.75% | -0.92% | -0.87% | -0.56% | -0.38% | -2.12% | 0.39% | -0.73% | 4.92% | 1.67% |
| 2020 | 1.64% | -0.58% | -16.41% | 8.82% | 4.08% | 5.13% | 6.92% | 6.16% | -2.75% | -1.07% | 5.09% | 5.33% | 21.58% |
| 2019 | 4.79% | 2.50% | -0.31% | 4.48% | -4.28% | 6.74% | 2.30% | -1.53% | -0.17% | -0.43% | 1.61% | 2.67% | 19.38% |
| 2018 | 1.48% | -1.46% | 0.96% | -0.04% | 3.00% | -1.52% | 0.72% | 2.89% | -2.24% | -4.88% | -2.28% | -4.08% | -7.54% |
| 2017 | 1.03% | 0.63% | 0.09% | -0.59% | -0.98% | 2.24% | 1.69% | -1.17% | 1.82% | 1.12% | 0.33% | 0.72% | 7.10% |
| 2016 | -7.17% | 0.47% | 5.40% | 2.99% | 2.80% | 0.38% | 5.96% | 0.80% | 2.44% | -2.73% | 3.92% | 0.88% | 16.55% |
| 2015 | 0.25% | 4.24% | 3.91% | 2.54% | 1.89% | -0.84% | -0.18% | -5.75% | -4.63% | 5.26% | 3.43% | -4.55% | 4.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of MCPIX is 19, meaning it’s performing worse than 81% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Miller Convertible Plus Fund (MCPIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Miller Convertible Plus Fund provided a 102.83% dividend yield over the last twelve months, with an annual payout of $21.02 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $21.02 | $0.61 | $1.22 | $2.89 | $1.09 | $0.39 | $1.62 | $1.41 | $0.46 | $0.50 |
Dividend yield | 102.83% | 2.91% | 6.01% | 11.44% | 3.91% | 1.66% | 7.97% | 5.96% | 1.95% | 2.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Miller Convertible Plus Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $20.85 | $21.02 | ||||||
| 2023 | $0.00 | $0.00 | $0.39 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.13 | $0.61 |
| 2022 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.07 | $1.22 |
| 2021 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.88 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $1.69 | $2.89 |
| 2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.93 | $1.09 |
| 2019 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.26 | $0.39 |
| 2018 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.10 | $1.62 |
| 2017 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.92 | $1.41 |
| 2016 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.14 | $0.46 |
| 2015 | $0.05 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.25 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Miller Convertible Plus Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Miller Convertible Plus Fund was 26.38%, occurring on Mar 23, 2020. Recovery took 93 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -26.38% | Feb 21, 2020 | 22 | Mar 23, 2020 | 93 | Aug 4, 2020 | 115 |
| -23.4% | Feb 16, 2021 | 411 | Sep 30, 2022 | — | — | — |
| -18.41% | Jun 24, 2015 | 161 | Feb 11, 2016 | 116 | Jul 28, 2016 | 277 |
| -15.16% | Sep 4, 2018 | 78 | Dec 24, 2018 | 131 | Jul 3, 2019 | 209 |
| -6.92% | Jan 24, 2018 | 12 | Feb 8, 2018 | 79 | Jun 4, 2018 | 91 |
Volatility
Volatility Chart
The current Miller Convertible Plus Fund volatility is 1.34%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.