Wellesley Asset Management introduced the Miller Convertible Total Return ETF (MCVT) to bring its convertible securities expertise to the ETF market. The new fund is actively managed and aims to balance current income, capital appreciation and risk management through a disciplined investment process.

MCVT invests in convertible securities that combine equity upside participation with fixed-income characteristics to deliver a distinct risk-reward profile. The fund emphasizes capital preservation relative to equities, seeks lower volatility than traditional stock portfolios and targets total return across market cycles.

Shares of the Miller Convertible Total Return ETF are now available for trading on NYSE Arca, providing investors with transparent, cost-efficient access to the convertible asset class. Prospective investors should review the fund's prospectus for details on risks, fees and investment strategies before investing.