A new actively managed ETF designed to maximize total return through convertible securities
PORTSMOUTH, N.H., March 25, 2026 /PRNewswire/ — Wellesley Asset Management, Inc., a leading investment advisory firm specializing in convertible securities, today announced the launch of the Miller Convertible Total Return ETF (MCVT), an actively managed exchange‑traded fund seeking to deliver total return through a disciplined, convertible‑focused strategy.
A Strategy Built for Today’s Markets
The Miller Convertible Total Return ETF aims to maximize total return, current income plus capital appreciation while emphasizing capital preservation, a hallmark of Wellesley’s long‑standing investment philosophy.
Convertible securities, which blend characteristics of both stocks and bonds, offer a distinct risk‑reward profile. They may provide:
- Capital Preservation relative to equities
- Upside participation in rising markets
- Lower volatility than traditional stock portfolios
These features make convertibles a compelling option for investors seeking resilient performance across market cycles. (ETF website link here)
“Wellesley has spent decades refining a disciplined approach to convertible investing,” said Michael Miller, CEO of Wellesley Asset Management. “The launch of MCVT brings our expertise to the ETF marketplace, offering investors a liquid, transparent, and cost‑efficient way to access the convertible asset class.”
Portfolio Manager, Jim Buckham added, “The Miller Convertible Total Return ETF is a complementary strategy to our existing suite of mutual funds, providing our clients with another avenue to invest in …
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