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Wellesley Investment Advisors launches two new mutual funds


Wellesley Investment Advisors has launched two new mutual funds – the Miller Convertible Plus Fund and the Miller Intermediate Bond Fund.

The two new funds join Wellesley’s existing flagship Miller Convertible Bond Fund under the umbrella of the Miller Investment Trust.

Greg Miller CPA, Wellesley’s CEO, Co-Chief Investment Officer and Co-Founder, and Michael Miller, Co-Chief Investment Officer, are Co-Portfolio Managers of each of the three funds, collectively called “The Miller Family of Funds.” 

Greg Miller says: “The Miller Convertible Plus Fund is a liquid alternative fund whose principal investment strategy seeks to maximize the fund’s total return, comprising current income and capital appreciation, by investing in a leveraged portfolio consisting primarily of convertible bonds. The Fund also seeks to outperform both the Barclays U.S. Aggregate Bond Index and the S&P 500 Total Return Index over full market cycles.”

Michael Miller adds: “The principal investment strategy of the Miller Intermediate Bond Fund attempts to maximise total return, comprising current income and capital appreciation, by investing in a portfolio consisting primarily of bonds, including – government bonds, corporates, convertibles and other fixed income products. The Fund also seeks to realise a total return that outperforms the Barclays US Aggregate Bond Index over full market cycles.”

Darlene Murphy CPA, CFP, Co-Founder and President of Wellesley, says: “We believe the new funds are logical areas for us to be in, given our two-plus decades of experience in managing fixed income with a limited risk approach intended to protect principal. The suite of investments offered within The Miller Family of Funds will give our clients additional investment options and increased flexibility to allocate money in accordance with their investment objectives and risk tolerances.”

The Miller Convertible Plus Fund’s tickers for the A, I and C classes are MCPAX, MCPIX and MCCCX respectively. The Miller Intermediate Bond Fund’s tickers for the A, I and C classes are MIFAX, MIFIX and MIFCX respectively. The Miller Convertible Bond Fund’s tickers for the A, I and C shares are MCFAX, MCIFX and MCFCX respectively. The Barclays US Aggregate Bond Index is the benchmark for each of these funds.

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