# Miller Convertible Total Return ETF (MCVT) — Overview

MCVT · NYSE · Fund

Canonical page: https://www.lighthorse.io/tickers/mcvt

## Price

Last close $26.85 on Oct 15, 2026. 52-week range $24.42 – $28.96.

## Fund profile

MCVT's primary investment objective is to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Fund's investment objective is a non-fundamental policy and may be changed without shareholder approval upon 60 days' written notice to shareholders.

| Metric | Value |
| --- | --- |
| Issuer | Wellesley Asset Management, Inc |
| Industry | — |
| Inception | Mar 24, 2026 |
| Assets under management | $28.1M |
| Expense ratio | 0.85% |
| Net asset value | $26.72 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Miller Convertible Total Return ETF (MCVT)?

MCVT's primary investment objective is to maximize total return comprising current income and capital appreciation, consistent with preservation of capital. The Fund's investment objective is a non-fundamental policy and may be changed without shareholder approval upon 60 days' written notice to shareholders.

### What is MCVT's expense ratio?

Miller Convertible Total Return ETF charges an annual expense ratio of 0.85%. The fund is issued by Wellesley Asset Management, Inc.

### How large is MCVT?

Miller Convertible Total Return ETF manages $28.1M in assets and has traded since Mar 24, 2026.

### How do I buy shares of Miller Convertible Total Return ETF (MCVT)?

MCVT trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).