---
ticker: "MCVT"
name: "Miller Convertible Total Return ETF"
url: "https://etf.net/etf/MCVT"
grade: "C"
score: 48
graded_at: "2026-10-12"
category: "Convertible Bond"
category_rank: "5 of 7"
methodology: "https://etf.net/methodology"
---

# MCVT: Miller Convertible Total Return ETF

Grade **C**, Score 48 of 100. Rank 5 of 7 in Convertible Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 32 | 5 of 7 |
| Mission | Not scored | — |
| Risk | 76 | 1 of 7 |
| Tradability | 56 | 3 of 7 |
| Holdings | 63 | 4 of 7 |
| Durability | 18 | 6 of 7 |

## Top holdings

The fund holds 46 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Datadog, Inc. 0%, Due 12/01/2029 | 3.68% |
| 2 | — | Bridgebio Pharma, Inc. 1.75%, Due 03/01/2031 | 3.39% |
| 3 | — | HAT Holdings I, LLC / HAT Holdings II, LLC 3.75%, Due 08/15/2028 | 3.17% |
| 4 | — | TransMedics Group, Inc. 1.5%, Due 06/01/2028 | 3.17% |
| 5 | — | Mirion Technologies, Inc. 0.25%, Due 06/01/2030 | 3.13% |
| 6 | — | Dropbox, Inc. 0%, Due 03/01/2028 | 2.88% |
| 7 | — | Cloudflare, Inc. 0%, Due 06/15/2030 | 2.81% |
| 8 | — | Granite Construction, Inc. 3.25%, Due 06/15/2030 | 2.68% |
| 9 | — | Nova Ltd. 0%, Due 09/15/2030 | 2.65% |
| 10 | — | Uber Technologies, Inc. 0.875%, Due 12/01/2028 | 2.63% |
| 11 | — | Haemonetics Corporation 2.5%, Due 06/01/2029 | 2.52% |
| 12 | — | Akamai Technologies, Inc. 1.125%, Due 02/15/2029 | 2.51% |
| 13 | — | ANI Pharmaceuticals, Inc. 2.25%, Due 09/01/2029 | 2.46% |
| 14 | — | SiTime Corporation 0%, Due 06/15/2031 | 2.38% |
| 15 | — | Merit Medical Systems, Inc. 3%, Due 02/01/2029 | 2.34% |
| 16 | — | ON Semiconductor Corporation 0%, Due 05/01/2027 | 2.33% |
| 17 | — | WEC Energy Group, Inc. 4.375%, Due 06/01/2027 | 2.27% |
| 18 | — | Halozyme Therapeutics, Inc. 0.875%, Due 11/15/2032 | 2.25% |
| 19 | GOOGM | Alphabet, Inc. Series A | 2.25% |
| 20 | — | Digital Realty Trust, L.P. 1.875%, Due 11/15/2029 | 2.17% |
| 21 | — | Avnet, Inc. 1.75%, Due 09/01/2030 | 2.16% |
| 22 | — | Vishay Intertechnology, Inc. 2.25%, Due 09/15/2030 | 2.12% |
| 23 | — | Cogent Biosciences, Inc. 1.625%, Due 11/15/2031 | 2.04% |
| 24 | — | Receivables/Payables | 2.03% |
| 25 | — | Dynatrace, Inc. 0%, Due 09/01/2031 | 2.02% |
| 26 | — | Revolution Medicines, Inc. 0.5%, Due 05/01/2033 | 1.99% |
| 27 | — | Ligand Pharmaceuticals, Inc. 0.75%, Due 10/01/2030 | 1.98% |
| 28 | — | Microchip Technology, Inc. 0%, Due 02/15/2030 | 1.97% |
| 29 | — | Travere Therapeutics, Inc. 0.5%, Due 05/15/2032 | 1.90% |
| 30 | — | Itron, Inc. 0%, Due 03/15/2032 | 1.90% |

Source: etf.net, https://etf.net/etf/MCVT. Please cite the page URL.