2 / 5 Stars
2 1 4 1 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 17 Convertibles Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 20.34 percent over the past year, 7.62 percent over the past three years, and 13.98 percent over the past five years.
|Trailing Returns||Updated 10.31.2013|
|Year to date||16.9%|
|3 Years (Annualized)||7.6%|
|5 Years (Annualized)||14.0%|
|10 Years (Annualized)||N/A|
The investment seeks to maximize total return while keeping volatility low and preserving principal. The fund normally invests at least 80% of its assets in convertible securities of U.S. and foreign companies, and may invest without limitation in foreign companies. It defines convertible securities as: convertible bonds, convertible preferred stocks, and synthetic convertible securities. Generally, the convertible securities in the portfolio will have remaining maturities or put provisions of less than seven years. The fund is non-diversified.
Fees are Low compared to funds in the same category.
Miller Convertible Fund has an expense ratio of 1.48 percent.
Risk is Low compared to funds in the same category according to Morningstar.