MIFIX Performance — Miller Intermediate Bond Fund, Class I
Data updated: 2026-09-04
MIFIX returned +5.91% year to date and +9.87% over one year to Jul 2026. Annualised returns are +7.19% over 3 years and +4.02% over 5 years. The fund beat its Short-Term Corporate Bond category average: $100 invested three years ago grew to $123, against $120 for the category, and to $110 over one year, against $104. Volatility over the past three years was 4.90% a year. In the 12 months to Jul 2026 the fund lost a net $34.9M, and assets reached $162.44M.
MIFIX Growth of $100
What $100 invested in Miller Intermediate Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Short-Term Corporate Bond category average over the same months.
| Period | MIFIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $110 | $104 |
| 3 years (Aug 2023 – Jul 2026) | $123 | $120 |
| 5 years (Aug 2021 – Jul 2026) | $122 | $116 |
| Since data start (Nov 2019 – Jul 2026) | $146 | $126 |
MIFIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.91% |
| 1 year | +9.87% |
| 3 years (annualised) | +7.19% |
| 5 years (annualised) | +4.02% |
MIFIX Annual Returns
Calendar-year total returns of Miller Intermediate Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +5.91% |
| 2025 | +7.08% |
| 2024 | +7.31% |
| 2023 | +6.90% |
| 2022 | −7.71% |
| 2021 | +4.32% |
| 2020 | +14.24% |
| 2019 (Nov–Dec) | +1.85% |
MIFIX 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 | +1.2% | +0.2% | −1.5% | +2.7% | +2.1% | +0.5% | +0.6% | — | — | — | — | — |
| 2025 | +1.3% | +0.4% | −0.6% | −0.3% | +0.8% | +1.2% | +0.4% | +1.3% | +0.7% | +0.5% | +0.9% | +0.3% |
| 2024 | +1.1% | +1.9% | +1.8% | −1.9% | +0.9% | +0.2% | +2.1% | +1.1% | +0.7% | −0.8% | +2.1% | −1.8% |
| 2023 | +2.8% | −1.6% | +0.3% | −0.2% | −0.3% | +2.4% | +2.2% | −1.2% | −1.5% | −2.5% | +2.6% | +3.9% |
| 2022 | −1.7% | +0.4% | +0.6% | −3.8% | −1.0% | −2.9% | +2.5% | −1.8% | −4.0% | +2.6% | +2.8% | −1.5% |
| 2021 | +1.0% | +1.7% | −0.3% | +0.9% | −0.2% | +0.1% | −0.3% | +0.4% | −1.1% | +0.2% | −0.9% | +2.8% |
| 2020 | +0.4% | −0.6% | −10.4% | +5.5% | +3.0% | +2.7% | +3.8% | +3.9% | −1.2% | −0.8% | +4.7% | +3.4% |
| 2019 | — | — | — | — | — | — | — | — | — | — | +0.9% | +1.0% |
MIFIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.90%
- 3-year Sharpe ratio: 0.55 (vs 4.5% risk-free rate)
- Best month: +3.92% (Dec 2023)
- Worst month: −2.46% (Oct 2023)
MIFIX Fund Flows
Monthly money in and out of Miller Intermediate Bond Fund, from SEC Form N-PORT.
- 12-month net flow: −$34.9M
- 12-month gross sales (incl. reinvestments): $26.4M
- Sales ÷ redemptions: 0.43×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $1.4M | $6.0M | −$4.6M |
| Jun 2026 | $3.6M | $6.4M | −$2.8M |
| May 2026 | $2.0M | $4.6M | −$2.7M |
| Apr 2026 | $1.8M | $4.6M | −$2.7M |
| Mar 2026 | $3.0M | $4.2M | −$1.3M |
| Feb 2026 | $1.1M | $3.4M | −$2.3M |
| Jan 2026 | $2.2M | $8.0M | −$5.8M |
| Dec 2025 | $4.3M | $7.0M | −$2.7M |
| Nov 2025 | $1.4M | $3.3M | −$1.9M |
| Oct 2025 | $1.3M | $3.6M | −$2.3M |
| Sep 2025 | $2.1M | $3.2M | −$1.2M |
| Aug 2025 | $2.3M | $6.9M | −$4.6M |
MIFIX Assets Under Management
Net assets of Miller Intermediate Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $162.44M |
| 2026-04-30 | $169.16M |
| 2026-01-31 | $175.14M |
| 2025-10-31 | $183.99M |
| 2025-07-31 | $188.63M |
| 2025-04-30 | $197.95M |
| 2025-01-31 | $213.44M |
| 2024-10-31 | $205.15M |
| 2024-07-31 | $206.82M |
| 2024-04-30 | $184.48M |
| 2024-01-31 | $161.16M |
| 2023-10-31 | $163.13M |
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.