Miller Convertible Total Return ETF (MCVT) Stock Price, Quote, News & History | Benzinga

To achieve its investment objective, 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 strong 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, or a guarantee of principal by the issuer. Generally, the convertible bonds in the Funds portfolio will have remaining maturities or put provisions of less than seven years.