MCFCX Performance — Miller Convertible Bond Fund, Class C
Data updated: 2026-09-04
MCFCX returned +9.37% year to date and +13.57% over one year to Jul 2026. Annualised returns are +6.70% over 3 years and +2.67% over 5 years. The fund trailed its Preferred & Convertible category average: $100 invested three years ago grew to $121, against $146 for the category, and to $114 over one year, against $120. Volatility over the past three years was 6.27% a year. In the 12 months to Jul 2026 the fund lost a net $231.5M, and assets reached $384.96M.
MCFCX Growth of $100
What $100 invested in Miller Convertible Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Preferred & Convertible category average over the same months.
| Period | MCFCX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $114 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $121 | $146 |
| 5 years (Aug 2021 – Jul 2026) | $114 | $132 |
| Since data start (Nov 2019 – Jul 2026) | $141 | $199 |
MCFCX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.37% |
| 1 year | +13.57% |
| 3 years (annualised) | +6.70% |
| 5 years (annualised) | +2.67% |
MCFCX Annual Returns
Calendar-year total returns of Miller Convertible Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +9.37% |
| 2025 | +5.25% |
| 2024 | +4.69% |
| 2023 | +5.01% |
| 2022 | −11.44% |
| 2021 | +3.42% |
| 2020 | +18.68% |
| 2019 (Nov–Dec) | +2.59% |
MCFCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.4% | +0.4% | −3.0% | +4.2% | +3.0% | +1.3% | +0.9% | — | — | — | — | — |
| 2025 | +1.5% | −0.7% | −1.7% | −1.2% | +1.5% | +1.5% | +0.5% | +1.7% | +0.7% | +0.6% | +0.7% | +0.1% |
| 2024 | +1.0% | +1.9% | +1.9% | −2.4% | +0.6% | +0.4% | +1.5% | +0.6% | +0.4% | −1.0% | +2.1% | −2.2% |
| 2023 | +2.7% | −2.2% | +0.2% | −0.2% | −0.7% | +2.4% | +2.0% | −0.8% | −1.8% | −3.2% | +2.6% | +4.2% |
| 2022 | −3.3% | +0.6% | +0.9% | −5.2% | −1.1% | −3.6% | +2.5% | −1.8% | −4.6% | +3.3% | +2.7% | −1.9% |
| 2021 | +1.0% | +1.1% | −0.7% | +0.8% | −0.2% | −0.2% | −0.1% | +0.1% | −1.8% | +0.9% | −0.4% | +3.0% |
| 2020 | +0.5% | −1.3% | −10.2% | +7.1% | +3.2% | +4.2% | +5.0% | +4.6% | −2.0% | −1.4% | +5.3% | +3.6% |
| 2019 | — | — | — | — | — | — | — | — | — | — | +1.0% | +1.6% |
MCFCX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 6.27%
- 3-year Sharpe ratio: 0.35 (vs 4.5% risk-free rate)
- Best month: +4.23% (Dec 2023)
- Worst month: −3.23% (Oct 2023)
MCFCX Fund Flows
Monthly money in and out of Miller Convertible Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$231.5M
- 12-month gross sales (incl. reinvestments): $55.2M
- Sales ÷ redemptions: 0.19×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $6.1M | $6.4M | −$306K |
| Jun 2026 | $7.8M | $5.3M | $2.4M |
| May 2026 | $2.3M | $11.7M | −$9.3M |
| Apr 2026 | $2.4M | $87.7M | −$85.3M |
| Mar 2026 | $12.3M | $21.6M | −$9.3M |
| Feb 2026 | $2.9M | $7.1M | −$4.2M |
| Jan 2026 | $4.2M | $9.7M | −$5.5M |
| Dec 2025 | $5.0M | $14.9M | −$10.0M |
| Nov 2025 | $2.0M | $65.5M | −$63.5M |
| Oct 2025 | $2.3M | $11.1M | −$8.8M |
| Sep 2025 | $4.6M | $14.4M | −$9.8M |
| Aug 2025 | $3.3M | $31.2M | −$27.9M |
MCFCX Assets Under Management
Net assets of Miller Convertible Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $384.96M |
| 2026-04-30 | $376.90M |
| 2026-01-31 | $481.73M |
| 2025-10-31 | $547.73M |
| 2025-07-31 | $578.19M |
| 2025-04-30 | $588.73M |
| 2025-01-31 | $631.04M |
| 2024-10-31 | $670.16M |
| 2024-07-31 | $681.38M |
| 2024-04-30 | $654.01M |
| 2024-01-31 | $687.33M |
| 2023-10-31 | $691.57M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.