Miller Convertible Total Return ETF
Data updated: 2026-09-04
C000270752 — Miller Convertible Total Return ETF. Short Preferred / Convertible Bond · $14.02M AUM. Holdings, fees, performance and SEC filings.
C000270752 Fund Overview
Miller Convertible Total Return ETF is a US ETF managed by Miller Investment Trust, categorised as Short Preferred / Convertible Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Miller Investment Trust
- Category: Short Preferred / Convertible Bond
- Assets under management: $14.02M
- SEC CIK: 0001414039
- SEC series ID: S000100856
- Share class ID: C000270752
C000270752 Investment Objective and Strategy
Miller Convertible Total Return ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Miller Investment Trust.
Investment objective
The Fund’s primary investment objective is to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Fund’s investment objective is a non-fundamental policy and may be changed without shareholder approval upon 60 days’ written notice to shareholders.
Principal investment strategy
The Fund is an actively managed exchange-traded fund (“ETF”) that by investing in convertible bonds seeks to maximize total return comprising current income and capital appreciation and preserve principal. The Fund seeks to invest in convertible bonds of issuers that have strongest growth characteristics, as determined by Wellesley Asset Management, Inc. (“Wellesley”), the investment advisor to the Fund. Convertible bonds often provide interest income, as well as capital appreciation if the value of converting to the underlying equity increases over time. The Fund also seeks to minimize volatility and preserve capital using various strategies, such as investing in convertible bonds that have “put” provisions, relatively short maturities, and/or a guarantee of principal by the issuer. Generally, the convertible bonds in the Fund’s portfolio will have remaining maturities or put provisions of less than seven years.
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 “80% Policy”). The Fund’s 80% Policy is a non-fundamental policy and may be changed without shareholder approval upon 60 days’ written notice to shareholders. The Fund defines convertible bonds as including synthetic convertible bonds and other securities that Wellesley identifies as having characteristics similar to convertible bonds, including any combination of bonds, options, index-linked securities, debt and equity instruments that Wellesley believes have convertible bond-like characteristics. The Fund primarily invests in convertible bonds of companies that are domiciled in, or have their principal place of business or principal securities trading market in, or that derive at least 50% of their revenue or profits from goods produced, sales made or services performed in, the United States (“U.S.
companies”). The Fund may invest in convertible bonds issued by companies in a variety of sectors. Con
C000270752 Holdings
Top 10 holdings of Miller Convertible Total Return ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Uber Technologies, Inc. | 3.78% |
| Bridgebio Pharma, Inc. | 3.49% |
| Revolution Medicines, Inc. | 3.27% |
| Liberty Media Corp. | 3.16% |
| Halozyme Therapeutics, Inc. | 3.03% |
| Alphabet, Inc. | 3.01% |
| Travere Therapeutics, Inc. | 2.92% |
| Transmedics Group, Inc. | 2.87% |
| Snowflake, Inc. | 2.70% |
| Omnicell, Inc. | 2.53% |
C000270752 Portfolio Allocation
Asset-class allocation of Miller Convertible Total Return ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 91.7% |
| Equity | 3.0% |
| Cash & Equivalents | 0.8% |
C000270752 Performance
Total returns for C000270752 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 12.2% |
C000270752 Costs and Fees
C000270752 costs about $85 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.85%
- Gross expense ratio: 0.85%
C000270752 Cashflows
Over the 12 months to 2026-07, Miller Convertible Total Return ETF had net inflows of $12.51M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $706.11K |
| 2026-06 | $4.12M |
| 2026-05 | $2.65M |
| 2026-04 | $2.53M |
| 2026-03 | $2.50M |
| 2026-02 | $0 |
C000270752 Debt Constituents
Largest debt holdings of Miller Convertible Total Return ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Uber Technologies, Inc. | 3.78% |
| Bridgebio Pharma, Inc. | 3.49% |
| Revolution Medicines, Inc. | 3.27% |
| Liberty Media Corp. | 3.16% |
| Halozyme Therapeutics, Inc. | 3.03% |
| Travere Therapeutics, Inc. | 2.92% |
| Transmedics Group, Inc. | 2.87% |
| Snowflake, Inc. | 2.70% |
| Omnicell, Inc. | 2.53% |
| Doordash, Inc. | 2.52% |
C000270752 Prospectus and SEC Filings
Official Miller Convertible Total Return ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Short Preferred / Convertible Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.