MMNCX — Miller Market Neutral Income Fund
Data updated: 2026-09-04
MMNCX — Miller Market Neutral Income Fund. Market-Neutral · $360.02M AUM · 2.56% expense ratio. Holdings, fees, performance and SEC filings.
MMNCX Fund Overview
MMNCX — Miller Market Neutral Income Fund is a US mutual fund managed by Miller Investment Trust, categorised as Market-Neutral. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Miller Investment Trust
- Category: Market-Neutral
- Assets under management: $360.02M
- Ticker: MMNCX
- SEC CIK: 0001414039
- SEC series ID: S000073803
- Share class ID: C000230984
MMNCX Holdings
Top 10 holdings of Miller Market Neutral Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Bnp Cash Deposit Acct | 47.29% |
| Live Nation Entertainment, Inc. | 3.05% |
| Cheesecake Factory, Inc. (the) | 2.97% |
| Haemonetics Corp. | 2.92% |
| United States Of America - Bureau Of The Public Debt | 2.78% |
| Halozyme Therapeutics, Inc. | 2.77% |
| Merit Medical Systems, Inc. | 2.77% |
| Tyler Technologies, Inc. | 2.55% |
| Tanger Properties LP | 2.42% |
| Spectrum Brands, Inc. | 2.33% |
MMNCX Portfolio Allocation
Asset-class allocation of Miller Market Neutral Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 95.5% |
| Cash & Equivalents | 48.3% |
| Derivatives | 0.1% |
MMNCX Performance
Total returns for MMNCX (as of 2026-09-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.6% |
MMNCX Costs and Fees
MMNCX costs about $256 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.56%
- Gross expense ratio: 2.56%
- Portfolio turnover: 467%
- Brokerage commissions: 0.84 bps of average net assets (SEC N-CEN)
MMNCX Cashflows
Over the 12 months to 2026-07, Miller Market Neutral Income Fund had net inflows of $280.19M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-07 | $34.06M |
| 2026-06 | $27.22M |
| 2026-05 | $59.64M |
| 2026-04 | $54.50M |
| 2026-03 | $5.89M |
| 2026-02 | $31.61M |
MMNCX Debt Constituents
Largest debt holdings of Miller Market Neutral Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Live Nation Entertainment, Inc. | 3.05% |
| Cheesecake Factory, Inc. (the) | 2.97% |
| Haemonetics Corp. | 2.92% |
| United States Of America - Bureau Of The Public Debt | 2.78% |
| Halozyme Therapeutics, Inc. | 2.77% |
| Merit Medical Systems, Inc. | 2.77% |
| Tyler Technologies, Inc. | 2.55% |
| Tanger Properties LP | 2.42% |
| Spectrum Brands, Inc. | 2.33% |
| Travere Therapeutics, Inc. | 2.27% |
MMNCX Prospectus and SEC Filings
Official Miller Market Neutral Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-04
- Portfolio holdings (N-PORT) — filed 2026-06-16
- Portfolio holdings (N-PORT) — filed 2026-03-09
- Annual census (N-CEN) — filed 2025-12-29
- Annual census (N-CEN) — filed 2025-01-07
Related Funds
Other Market-Neutral 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.