Miller Intermediate Bond Fund (MIFIX)
Under normal conditions, the fund invests at least 80% of its assets (defined as net assets plus borrowings for investment purposes) in a portfolio of bonds with a dollar-weighted average maturity of between three and ten years.
Fund Info
ISIN | US60055P8620 |
---|---|
CUSIP | 60055P862 |
Issuer | Miller Investment |
Inception Date | Dec 31, 2014 |
Category | Corporate Bonds |
Min. Investment | $1,000,000 |
Asset Class | Bond |
Expense Ratio
MIFIX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Miller Intermediate Bond 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
Miller Intermediate Bond Fund had a return of 4.71% year-to-date (YTD) and 11.32% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 4.71% | 11.29% |
1 month | 1.67% | 4.87% |
6 months | 9.23% | 17.88% |
1 year | 11.32% | 29.16% |
5 years (annualized) | 5.28% | 13.20% |
10 years (annualized) | N/A | 10.97% |
Monthly Returns
The table below presents the monthly returns of MIFIX, 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 | 1.07% | 1.87% | 1.76% | -1.94% | 4.71% | ||||||||
2023 | 2.79% | -1.58% | 0.27% | -0.19% | -0.32% | 2.37% | 2.23% | -1.18% | -1.51% | -2.46% | 2.59% | 3.92% | 6.88% |
2022 | -1.68% | 0.41% | 0.57% | -3.78% | -0.98% | -2.86% | 2.51% | -1.76% | -4.06% | 2.61% | 2.80% | -1.48% | -7.72% |
2021 | 0.97% | 1.69% | -0.34% | 0.89% | -0.17% | 0.07% | -0.28% | 0.45% | -1.15% | 0.23% | -0.86% | 2.80% | 4.32% |
2020 | 0.37% | -0.61% | -10.40% | 5.49% | 3.03% | 2.72% | 3.82% | 3.86% | -1.18% | -0.77% | 4.69% | 3.42% | 14.22% |
2019 | 2.51% | 0.97% | 0.18% | 2.04% | -1.88% | 2.46% | 0.69% | -0.56% | 0.60% | 0.63% | 0.87% | 0.97% | 9.79% |
2018 | 0.55% | -0.43% | 0.49% | 0.00% | 1.29% | -0.25% | 0.74% | 1.10% | -0.66% | -2.19% | -1.00% | -1.51% | -1.91% |
2017 | 0.49% | 0.24% | -0.16% | 0.43% | -0.79% | 1.05% | 0.73% | -0.48% | 1.03% | 0.18% | -0.06% | 0.42% | 3.10% |
2016 | -1.71% | 0.60% | 2.14% | 1.18% | 1.10% | 0.90% | 2.54% | 0.50% | 1.09% | -0.92% | 1.05% | 0.52% | 9.27% |
2015 | 0.60% | 2.19% | 1.55% | 0.89% | 0.70% | -0.58% | 0.06% | -2.09% | -1.03% | 1.64% | 0.97% | -1.72% | 3.13% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of MIFIX is 79, placing it in the top 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
MIFIX (Miller Intermediate Bond Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Miller Intermediate Bond Fund (MIFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Miller Intermediate Bond Fund granted a 3.74% dividend yield in the last twelve months. The annual payout for that period amounted to $0.62 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.62 | $0.57 | $0.56 | $1.02 | $0.91 | $0.38 | $0.78 | $0.63 | $0.24 | $0.27 |
Dividend yield | 3.74% | 3.60% | 3.62% | 5.87% | 5.16% | 2.36% | 5.16% | 3.90% | 1.48% | 1.78% |
Monthly Dividends
The table displays the monthly dividend distributions for Miller Intermediate Bond 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 | $0.16 | $0.00 | $0.00 | $0.16 | |||||||
2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.57 |
2022 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.11 | $0.56 |
2021 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.55 | $1.02 |
2020 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.44 | $0.91 |
2019 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.38 |
2018 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.78 |
2017 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.38 | $0.63 |
2016 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.10 | $0.24 |
2015 | $0.01 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.15 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Miller Intermediate Bond 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 Intermediate Bond Fund was 15.58%, occurring on Mar 24, 2020. Recovery took 82 trading sessions.
The current Miller Intermediate Bond Fund drawdown is 0.06%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-15.58% | Feb 21, 2020 | 23 | Mar 24, 2020 | 82 | Jul 21, 2020 | 105 |
-11.87% | Jan 5, 2022 | 186 | Sep 30, 2022 | 341 | Feb 9, 2024 | 527 |
-6.65% | Sep 4, 2018 | 78 | Dec 24, 2018 | 82 | Apr 24, 2019 | 160 |
-5.43% | Apr 27, 2015 | 203 | Feb 12, 2016 | 72 | May 26, 2016 | 275 |
-3.66% | Sep 3, 2020 | 14 | Sep 23, 2020 | 35 | Nov 11, 2020 | 49 |
Volatility
Volatility Chart
The current Miller Intermediate Bond Fund volatility is 1.16%, 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.