Shareholder Report
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6 Months Ended |
|
Apr. 30, 2026
USD ($)
Holding
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| Shareholder Report [Line Items] |
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| Document Type |
N-CSRS
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| Amendment Flag |
false
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| Registrant Name |
Miller Investment Trust
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| Entity Central Index Key |
0001414039
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| Entity Investment Company Type |
N-1A
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| Document Period End Date |
Apr. 30, 2026
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| Shareholder Report Annual or Semi-Annual |
Semi-Annual Shareholder Report
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| C000056395 |
|
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| Shareholder Report [Line Items] |
|
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| Fund Name |
Miller Convertible Bond Fund
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| Trading Symbol |
MCFAX
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| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Miller Convertible Bond Fund for the period of November 1, 2025 to April 30, 2026.
|
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| Additional Information [Text Block] |
You can find additional information about the Fund at www.millerfamilyoffunds.com/funddocuments. You can also request this information by contacting us at (877) 441-4434.
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| Additional Information Phone Number |
(877) 441-4434
|
|
| Additional Information Website |
www.millerfamilyoffunds.com/funddocuments
|
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| Expenses [Text Block] |
What were the Fund’s costs for the last six months?(based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class A | $78 | 1.54%Footnote Reference* |
|---|
| Footnote | Description | Footnote* | Annualized |
|
|
| Expenses Paid, Amount |
$ 78
|
|
| Expense Ratio, Percent |
1.54%
|
[1] |
| Performance Past Does Not Indicate Future [Text] |
The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
|
|
| Line Graph [Table Text Block] |
Table Summary | Miller Convertible Bond Fund | ICE BofA All Convertibles Exclude Mandatory All Qualities Index | Bloomberg U.S. Aggregate Bond Index | ICE BofA Yield Alternative US Convertible Index |
|---|
04/30/16 | $9,428 | $10,000 | $10,000 | $10,000 |
|---|
04/30/17 | $10,360 | $12,047 | $10,083 | $11,335 |
|---|
04/30/18 | $10,857 | $13,371 | $10,051 | $11,974 |
|---|
04/30/19 | $11,119 | $14,878 | $10,582 | $12,666 |
|---|
04/30/20 | $10,987 | $15,661 | $11,730 | $12,500 |
|---|
04/30/21 | $14,035 | $25,855 | $11,698 | $15,718 |
|---|
04/30/22 | $13,293 | $22,476 | $10,703 | $14,263 |
|---|
04/30/23 | $12,787 | $21,108 | $10,657 | $14,078 |
|---|
04/30/24 | $13,739 | $23,152 | $10,500 | $15,499 |
|---|
04/30/25 | $13,839 | $25,955 | $11,343 | $17,349 |
|---|
04/30/26 | $15,529 | $35,603 | $11,803 | $19,851 |
|---|
|
|
| Average Annual Return [Table Text Block] |
Average Annual Total Returns Table Summary | 6 months | 1 Year | 5 Years | 10 Years |
|---|
Miller Convertible Bond Fund | | | | |
|---|
Without Load | 4.96% | 12.22% | 2.04% | 5.12% |
|---|
With Load | 0.99% | 7.99% | 1.27% | 4.50% |
|---|
Bloomberg U.S. Aggregate Bond Index | 0.54% | 4.06% | 0.18% | 1.67% |
|---|
ICE BofA Yield Alternative US Convertible Index | 4.02% | 14.42% | 4.78% | 7.10% |
|---|
ICE BofA All Convertibles Exclude Mandatory All Qualities Index | 13.31% | 37.17% | 6.61% | 13.54% |
|---|
From October 31, 2020, to October 31, 2023, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and ICE BofA All Yield Alternatives US Convertibles Index. For the period from November 1,
2023, to October 31, 2024, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and the ICE BofA All Convertibles Exclude Mandatory All Qualities Index. The Fund elected to use the ICE BofA All Convertibles Exclude Mandatory All Qualities Index because it more broadly represents the Fund’s investment universe and closely represents the Fund’s investment strategies. The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. For updated performance call (877) 441-4434.
|
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
| AssetsNet |
$ 376,684,244
|
|
| Holdings Count | Holding |
50
|
|
| Advisory Fees Paid, Amount |
$ 1,774,525
|
|
| InvestmentCompanyPortfolioTurnover |
47.00%
|
|
| Additional Fund Statistics [Text Block] |
- Net Assets$376,684,244
- Number of Portfolio Holdings50
- Advisory Fee $1,774,525
- Portfolio Turnover47%
|
|
| Holdings [Text Block] |
Asset Weighting (% of total investments)Table SummaryValue | Value |
|---|
Convertible Bonds | 100.0% | Sector Weighting (% of net assets)Table SummaryValue | Value |
|---|
Other Assets in Excess of Liabilities | 0.7% | Communications | 1.9% | Real Estate | 1.9% | Energy | 2.3% | Consumer Staples | 2.9% | Utilities | 3.3% | Consumer Discretionary | 9.0% | Industrials | 10.2% | Financials | 10.7% | Health Care | 16.4% | Technology | 40.7% | Top 10 Holdings (% of net assets)Table SummaryHolding Name | % of Net Assets |
|---|
Avnet, Inc., 1.750%, 09/01/30 | 3.5% |
|---|
Vishay Intertechnology, Inc., 2.250%, 09/15/30 | 3.2% |
|---|
Euronet Worldwide, Inc., 0.625%, 10/01/30 | 3.0% |
|---|
Amazon.com, Inc. - Nomura Holdings, Inc. Synthetic, 4.860%, 02/24/27 | 3.0% |
|---|
Akamai Technologies, Inc., 1.125%, 02/15/29 | 3.0% |
|---|
Winnebago Industries, Inc., 3.250%, 01/15/30 | 2.9% |
|---|
Microsoft Corporation - Citigroup Global Markets Holdings, Inc. Synthetic, 4.890%, 02/03/27 | 2.9% |
|---|
Everest Group Ltd. - Goldman Sachs Finance Corp. Synthetic, 4.380%, 01/07/28 | 2.8% |
|---|
General Dynamics Corporation - Bank of Montreal Synthetic, 4.274%, 01/26/29 | 2.8% |
|---|
Global Payments, Inc., 1.500%, 03/01/31 | 2.8% |
|---|
|
|
| Material Fund Change [Text Block] |
No material changes occurred during the period ended April 30, 2026.
|
|
| C000081917 |
|
|
| Shareholder Report [Line Items] |
|
|
| Fund Name |
Miller Convertible Bond Fund
|
|
| Trading Symbol |
MCFCX
|
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Miller Convertible Bond Fund for the period of November 1, 2025 to April 30, 2026.
|
|
| Additional Information [Text Block] |
You can find additional information about the Fund at www.millerfamilyoffunds.com/funddocuments. You can also request this information by contacting us at (877) 441-4434.
|
|
| Additional Information Phone Number |
(877) 441-4434
|
|
| Additional Information Website |
www.millerfamilyoffunds.com/funddocuments
|
|
| Expenses [Text Block] |
What were the Fund’s costs for the last six months?(based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class C | $104 | 2.04%Footnote Reference* |
|---|
| Footnote | Description | Footnote* | Annualized |
|
|
| Expenses Paid, Amount |
$ 104
|
|
| Expense Ratio, Percent |
2.04%
|
[2] |
| Performance Past Does Not Indicate Future [Text] |
The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
|
|
| Line Graph [Table Text Block] |
Table Summary | Miller Convertible Bond Fund | ICE BofA All Convertibles Exclude Mandatory All Qualities Index | Bloomberg U.S. Aggregate Bond Index | ICE BofA Yield Alternative US Convertible Index |
|---|
04/30/16 | $10,000 | $10,000 | $10,000 | $10,000 |
|---|
04/30/17 | $10,934 | $12,047 | $10,083 | $11,335 |
|---|
04/30/18 | $11,395 | $13,371 | $10,051 | $11,974 |
|---|
04/30/19 | $11,611 | $14,878 | $10,582 | $12,666 |
|---|
04/30/20 | $11,423 | $15,661 | $11,730 | $12,500 |
|---|
04/30/21 | $14,517 | $25,855 | $11,698 | $15,718 |
|---|
04/30/22 | $13,687 | $22,476 | $10,703 | $14,263 |
|---|
04/30/23 | $13,086 | $21,108 | $10,657 | $14,078 |
|---|
04/30/24 | $13,993 | $23,152 | $10,500 | $15,499 |
|---|
04/30/25 | $14,017 | $25,955 | $11,343 | $17,349 |
|---|
04/30/26 | $15,657 | $35,603 | $11,803 | $19,851 |
|---|
|
|
| Average Annual Return [Table Text Block] |
Average Annual Total Returns Table Summary | 6 Months | 1 Year | 5 years | 10 Years |
|---|
Miller Convertible Bond Fund | 4.68% | 11.70% | 1.52% | 4.59% |
|---|
ICE BofA All Convertibles Exclude Mandatory All Qualities Index | 13.31% | 37.17% | 6.61% | 13.54% |
|---|
Bloomberg U.S. Aggregate Bond Index | 0.54% | 4.06% | 0.18% | 1.67% |
|---|
ICE BofA Yield Alternative US Convertible Index | 4.02% | 14.42% | 4.78% | 7.10% |
|---|
From October 31, 2020, to October 31, 2023, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and ICE BofA All Yield Alternatives US Convertibles Index. For the period from November 1, 2023, to October 31, 2024, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and the ICE BofA All Convertibles Exclude Mandatory All Qualities Index. The Fund elected to use the ICE BofA All Convertibles Exclude Mandatory All Qualities Index because it more broadly represents the Fund’s investment universe and closely represents the Fund’s investment strategies. The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. For updated performance call (877) 441-4434.
|
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
| AssetsNet |
$ 376,684,244
|
|
| Holdings Count | Holding |
50
|
|
| Advisory Fees Paid, Amount |
$ 1,774,525
|
|
| InvestmentCompanyPortfolioTurnover |
47.00%
|
|
| Additional Fund Statistics [Text Block] |
- Net Assets$376,684,244
- Number of Portfolio Holdings50
- Advisory Fee $1,774,525
- Portfolio Turnover47%
|
|
| Holdings [Text Block] |
Asset Weighting (% of total investments)Table SummaryValue | Value |
|---|
Convertible Bonds | 100.0% | Sector Weighting (% of net assets)Table SummaryValue | Value |
|---|
Other Assets in Excess of Liabilities | 0.7% | Communications | 1.9% | Real Estate | 1.9% | Energy | 2.3% | Consumer Staples | 2.9% | Utilities | 3.3% | Consumer Discretionary | 9.0% | Industrials | 10.2% | Financials | 10.7% | Health Care | 16.4% | Technology | 40.7% | Top 10 Holdings (% of net assets)Table SummaryHolding Name | % of Net Assets |
|---|
Avnet, Inc., 1.750%, 09/01/30 | 3.5% |
|---|
Vishay Intertechnology, Inc., 2.250%, 09/15/30 | 3.2% |
|---|
Euronet Worldwide, Inc., 0.625%, 10/01/30 | 3.0% |
|---|
Amazon.com, Inc. - Nomura Holdings, Inc. Synthetic, 4.860%, 02/24/27 | 3.0% |
|---|
Akamai Technologies, Inc., 1.125%, 02/15/29 | 3.0% |
|---|
Winnebago Industries, Inc., 3.250%, 01/15/30 | 2.9% |
|---|
Microsoft Corporation - Citigroup Global Markets Holdings, Inc. Synthetic, 4.890%, 02/03/27 | 2.9% |
|---|
Everest Group Ltd. - Goldman Sachs Finance Corp. Synthetic, 4.380%, 01/07/28 | 2.8% |
|---|
General Dynamics Corporation - Bank of Montreal Synthetic, 4.274%, 01/26/29 | 2.8% |
|---|
Global Payments, Inc., 1.500%, 03/01/31 | 2.8% |
|---|
|
|
| Material Fund Change [Text Block] |
No material changes occurred during the period ended April 30, 2026.
|
|
| C000056396 |
|
|
| Shareholder Report [Line Items] |
|
|
| Fund Name |
Miller Convertible Bond Fund
|
|
| Trading Symbol |
MCIFX
|
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Miller Convertible Bond Fund for the period of November 1, 2025 to April 30, 2026.
|
|
| Additional Information [Text Block] |
You can find additional information about the Fund at www.millerfamilyoffunds.com/funddocuments. You can also request this information by contacting us at (877) 441-4434.
|
|
| Additional Information Phone Number |
(877) 441-4434
|
|
| Additional Information Website |
www.millerfamilyoffunds.com/funddocuments
|
|
| Expenses [Text Block] |
What were the Fund’s costs for the last six months?(based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class I | $53 | 1.04%Footnote Reference* |
|---|
| Footnote | Description | Footnote* | Annualized |
|
|
| Expenses Paid, Amount |
$ 53
|
|
| Expense Ratio, Percent |
1.04%
|
[3] |
| Performance Past Does Not Indicate Future [Text] |
The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
|
|
| Line Graph [Table Text Block] |
Table Summary | Miller Convertible Bond Fund | ICE BofA All Convertibles Exclude Mandatory All Qualities Index | Bloomberg U.S. Aggregate Bond Index | ICE BofA Yield Alternative US Convertible Index |
|---|
Apr-2016 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
|---|
Apr-2017 | $1,104,526 | $1,204,732 | $1,008,286 | $1,133,464 |
|---|
Apr-2018 | $1,163,345 | $1,337,103 | $1,005,067 | $1,197,432 |
|---|
Apr-2019 | $1,197,376 | $1,487,802 | $1,058,241 | $1,266,592 |
|---|
Apr-2020 | $1,189,677 | $1,566,065 | $1,172,975 | $1,249,958 |
|---|
Apr-2021 | $1,526,640 | $2,585,534 | $1,169,841 | $1,571,756 |
|---|
Apr-2022 | $1,453,013 | $2,247,639 | $1,070,262 | $1,426,347 |
|---|
Apr-2023 | $1,403,199 | $2,110,834 | $1,065,688 | $1,407,815 |
|---|
Apr-2024 | $1,516,596 | $2,315,183 | $1,050,040 | $1,549,874 |
|---|
Apr-2025 | $1,533,889 | $2,595,486 | $1,134,258 | $1,734,915 |
|---|
Apr-2026 | $1,730,093 | $3,560,322 | $1,180,271 | $1,985,096 |
|---|
|
|
| Average Annual Return [Table Text Block] |
Average Annual Total Returns Table Summary | 6 Months | 1 Year | 5 years | 10 Years |
|---|
Miller Convertible Bond Fund | 5.16% | 12.79% | 2.53% | 5.63% |
|---|
ICE BofA All Convertibles Exclude Mandatory All Qualities Index | 13.31% | 37.17% | 6.61% | 13.54% |
|---|
Bloomberg U.S. Aggregate Bond Index | 0.54% | 4.06% | 0.18% | 1.67% |
|---|
ICE BofA Yield Alternative US Convertible Index | 4.02% | 14.42% | 4.78% | 7.10% |
|---|
From October 31, 2020, to October 31, 2023, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and ICE BofA All Yield Alternatives US Convertibles Index. For the period from November 1, 2023, to October 31, 2024, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and the ICE BofA All Convertibles Exclude Mandatory All Qualities Index. The Fund elected to use the ICE BofA All Convertibles Exclude Mandatory All Qualities Index because it more broadly represents the Fund’s investment universe and closely represents the Fund’s investment strategies. The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. For updated performance call (877) 441-4434.
|
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
| AssetsNet |
$ 376,684,244
|
|
| Holdings Count | Holding |
50
|
|
| Advisory Fees Paid, Amount |
$ 1,774,525
|
|
| InvestmentCompanyPortfolioTurnover |
47.00%
|
|
| Additional Fund Statistics [Text Block] |
- Net Assets$376,684,244
- Number of Portfolio Holdings50
- Advisory Fee $1,774,525
- Portfolio Turnover47%
|
|
| Holdings [Text Block] |
Asset Weighting (% of total investments)Table SummaryValue | Value |
|---|
Convertible Bonds | 100.0% | Sector Weighting (% of net assets)Table SummaryValue | Value |
|---|
Other Assets in Excess of Liabilities | 0.7% | Communications | 1.9% | Real Estate | 1.9% | Energy | 2.3% | Consumer Staples | 2.9% | Utilities | 3.3% | Consumer Discretionary | 9.0% | Industrials | 10.2% | Financials | 10.7% | Health Care | 16.4% | Technology | 40.7% | Top 10 Holdings (% of net assets)Table SummaryHolding Name | % of Net Assets |
|---|
Avnet, Inc., 1.750%, 09/01/30 | 3.5% |
|---|
Vishay Intertechnology, Inc., 2.250%, 09/15/30 | 3.2% |
|---|
Euronet Worldwide, Inc., 0.625%, 10/01/30 | 3.0% |
|---|
Amazon.com, Inc. - Nomura Holdings, Inc. Synthetic, 4.860%, 02/24/27 | 3.0% |
|---|
Akamai Technologies, Inc., 1.125%, 02/15/29 | 3.0% |
|---|
Winnebago Industries, Inc., 3.250%, 01/15/30 | 2.9% |
|---|
Microsoft Corporation - Citigroup Global Markets Holdings, Inc. Synthetic, 4.890%, 02/03/27 | 2.9% |
|---|
Everest Group Ltd. - Goldman Sachs Finance Corp. Synthetic, 4.380%, 01/07/28 | 2.8% |
|---|
General Dynamics Corporation - Bank of Montreal Synthetic, 4.274%, 01/26/29 | 2.8% |
|---|
Global Payments, Inc., 1.500%, 03/01/31 | 2.8% |
|---|
|
|
| Material Fund Change [Text Block] |
No material changes occurred during the period ended April 30, 2026.
|
|
| C000270752 |
|
|
| Shareholder Report [Line Items] |
|
|
| Fund Name |
Miller Convertible Total Return ETF
|
|
| Trading Symbol |
MCVT
|
|
| Security Exchange Name |
NYSEArca
|
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Miller Convertible Total Return ETF for the period of March 24, 2026 to April 30, 2026.
|
|
| Additional Information [Text Block] |
You can find additional information about the Fund at www.millerfamilyoffunds.com/funddocuments. You can also request this information by contacting us at (877) 441-4434.
|
|
| Additional Information Phone Number |
(877) 441-4434
|
|
| Additional Information Website |
www.millerfamilyoffunds.com/funddocuments
|
|
| Expenses [Text Block] |
What were the Fund’s costs for the reporting period?(based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Fund | $9 | 0.85%Footnote Reference* |
|---|
| Footnote | Description | Footnote* | Annualized. Expenses would be higher if the Fund had been in operations for the full six-month reporting period. |
|
|
| Expenses Paid, Amount |
$ 9
|
|
| Expense Ratio, Percent |
0.85%
|
[4] |
| Factors Affecting Performance [Text Block] |
How did the Fund perform during the reporting period? On March 24, 2026, we launched a convertible ETF, The Miller Convertible Total Return ETF (MCVT) that focuses on growth companies and opportunities. While there is still a focus on credit quality and earnings metrics, unlike our other strategies, MCVT can buy bonds trading substantially above par. The Miller Convertible Total Return ETF adds additional diversification to our already full suite of products. The end of March proved to be an opportune time to launch a new convertible bond ETF. Escalating tensions related to the Iran conflict pushed oil prices higher, while concerns over persistent inflation and a weakening labor market weighed on equities during March. Those levels ultimately marked the bottom of the selloff, and as the calendar turned to April, equities resumed their advance. Combined with a relatively benign bond market, this environment contributed to early gains of more than 5% for the Miller Convertible Total Return ETF at the end of the reporting period. From a sector perspective, the ETF’s focus on the information technology sector contributed positively to performance, while an allocation to industrials detracted. Investor response has been encouraging thus far with total ETF assets exceeding $5 million at the end of the reporting period.
|
|
| Performance Past Does Not Indicate Future [Text] |
The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
|
|
| Line Graph [Table Text Block] |
Table Summary | Miller Convertible Total Return ETF - NAV | ICE BofA All Convertibles Exclude Mandatory All Qualities Index | Bloomberg U.S. Aggregate Bond Index |
|---|
Mar-2026 | $10,000 | $10,000 | $10,000 |
|---|
Apr-2026 | $10,552 | $10,841 | $10,064 |
|---|
|
|
| Average Annual Return [Table Text Block] |
Table Summary | Since Inception (March 24, 2026) |
|---|
Miller Convertible Total Return ETF - NAV
| 5.52% |
|---|
ICE BofA All Convertibles Exclude Mandatory All Qualities Index | 8.41% |
|---|
Bloomberg U.S. Aggregate Bond Index
| 0.64% |
|---|
|
|
| Performance Inception Date |
Mar. 24, 2026
|
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
| AssetsNet |
$ 5,275,306
|
|
| Holdings Count | Holding |
34
|
|
| Advisory Fees Paid, Amount |
$ 3,451
|
|
| InvestmentCompanyPortfolioTurnover |
4.00%
|
|
| Additional Fund Statistics [Text Block] |
Table SummaryNet Assets | $5,275,306 |
|---|
Number of Portfolio Holdings | 34 |
|---|
Advisory Fee | $3,451 |
|---|
Portfolio Turnover | 4% |
|---|
|
|
| Holdings [Text Block] |
Asset Weighting (% of total investments)Table SummaryValue | Value |
|---|
Convertible Bonds | 100.0% | Sector Weighting (% of net assets)Table SummaryValue | Value |
|---|
Other Assets in Excess of Liabilities | 2.1% | Utilities | 2.6% | Real Estate | 5.7% | Communications | 5.7% | Consumer Discretionary | 7.8% | Industrials | 16.1% | Health Care | 25.7% | Technology | 34.3% |
|
|
| Largest Holdings [Text Block] |
Top 10 Holdings (% of net assets)Table SummaryHolding Name | % of Net Assets |
|---|
Bridgebio Pharma, Inc., 1.750%, 03/01/31 | 3.9% |
|---|
TransMedics Group, Inc., 1.500%, 06/01/28 | 3.7% |
|---|
MKS, Inc., 1.250%, 06/01/30 | 3.7% |
|---|
Cohu, Inc., 1.500%, 01/15/31 | 3.6% |
|---|
CyberArk Software Ltd., 0.000%, 06/15/30 | 3.6% |
|---|
Uber Technologies, Inc., 0.875%, 12/01/28 | 3.5% |
|---|
MACOM Technology Solutions Holdings, Inc., 0.000%, 12/15/29 | 3.3% |
|---|
Nova Ltd., 0.000%, 09/15/30 | 3.3% |
|---|
Ligand Pharmaceuticals, Inc., 0.750%, 10/01/30 | 3.2% |
|---|
Avnet, Inc., 1.750%, 09/01/30 | 3.1% |
|---|
|
|
| Material Fund Change [Text Block] |
No material changes occurred during the period ended April 30, 2026.
|
|
| C000146257 |
|
|
| Shareholder Report [Line Items] |
|
|
| Fund Name |
Miller Intermediate Bond Fund
|
|
| Trading Symbol |
MIFIX
|
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Miller Intermediate Bond Fund for the period of November 1, 2025 to April 30, 2026.
|
|
| Additional Information [Text Block] |
You can find additional information about the Fund at www.millerfamilyoffunds.com/funddocuments. You can also request this information by contacting us at (877) 441-4434.
|
|
| Additional Information Phone Number |
(877) 441-4434
|
|
| Additional Information Website |
www.millerfamilyoffunds.com/funddocuments
|
|
| Expenses [Text Block] |
What were the Fund’s costs for the last six months?(based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class I | $50 | 0.99%Footnote Reference* |
|---|
| Footnote | Description | Footnote* | Annualized |
|
|
| Expenses Paid, Amount |
$ 50
|
|
| Expense Ratio, Percent |
0.99%
|
[5] |
| Performance Past Does Not Indicate Future [Text] |
The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
|
|
| Line Graph [Table Text Block] |
Table Summary | Miller Intermediate Bond Fund | Bloomberg U.S. Aggregate Bond Index |
|---|
Dec-2014 | $1,000,000 | $1,000,000 |
|---|
Apr-2015 | $1,053,258 | $1,012,419 |
|---|
Apr-2016 | $1,053,810 | $1,039,961 |
|---|
Apr-2017 | $1,138,154 | $1,048,578 |
|---|
Apr-2018 | $1,169,044 | $1,045,230 |
|---|
Apr-2019 | $1,205,373 | $1,100,529 |
|---|
Apr-2020 | $1,179,626 | $1,219,848 |
|---|
Apr-2021 | $1,475,184 | $1,216,589 |
|---|
Apr-2022 | $1,424,205 | $1,113,031 |
|---|
Apr-2023 | $1,392,859 | $1,108,274 |
|---|
Apr-2024 | $1,510,519 | $1,092,001 |
|---|
Apr-2025 | $1,590,182 | $1,179,584 |
|---|
Apr-2026 | $1,732,904 | $1,227,436 |
|---|
|
|
| Average Annual Return [Table Text Block] |
Average Annual Total Returns Table Summary | 6 Months | 1 Year | 5 Years | 10 Years |
|---|
Miller Intermediate Bond Fund - Class I | 3.81% | 8.98% | 3.27% | 5.10% |
|---|
Bloomberg U.S. Aggregate Bond Index
| 0.54% | 4.06% | 0.18% | 1.67% |
|---|
The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. For updated performance call (877) 441-4434.
|
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
| AssetsNet |
$ 168,572,294
|
|
| Holdings Count | Holding |
45
|
|
| Advisory Fees Paid, Amount |
$ 595,306
|
|
| InvestmentCompanyPortfolioTurnover |
87.00%
|
|
| Additional Fund Statistics [Text Block] |
- Net Assets$168,572,294
- Number of Portfolio Holdings45
- Advisory Fee (net of waivers)$595,306
- Portfolio Turnover87%
|
|
| Holdings [Text Block] |
Asset Weighting (% of total investments)Table SummaryValue | Value |
|---|
Convertible Bonds | 62.9% | Corporate Bonds | 31.4% | Money Market Funds | 5.7% | Sector Weighting (% of net assets)Table SummaryValue | Value |
|---|
Liabilities in Excess of Other Assets | -3.4% | Real Estate | 2.1% | Industrials | 4.2% | Utilities | 4.6% | Money Market Funds | 5.9% | Financials | 6.7% | Consumer Discretionary | 8.0% | Consumer Staples | 11.2% | Health Care | 19.3% | Technology | 41.4% | Top 10 Holdings (% of net assets)Table SummaryHolding Name | % of Net Assets |
|---|
Mastercard, Inc., 3.300%, 03/26/27 | 3.1% |
|---|
Amgen, Inc., 2.600%, 08/19/26 | 3.0% |
|---|
McDonald's Corporation, 3.500%, 03/01/27 | 3.0% |
|---|
Cisco Systems, Inc., 2.500%, 09/20/26 | 3.0% |
|---|
Walmart, Inc., 3.700%, 06/26/28 | 2.9% |
|---|
3M Company, 2.250%, 09/19/26 | 2.9% |
|---|
Estee Lauder Companies, Inc. (The), 3.150%, 03/15/27 | 2.9% |
|---|
Broadcom Corp / Broadcom Cayman Finance Ltd., 3.500%, 01/15/28 | 2.9% |
|---|
Procter & Gamble Company (The), 2.850%, 08/11/27 | 2.9% |
|---|
Apple, Inc., 2.900%, 09/12/27 | 2.9% |
|---|
|
|
| C000230985 |
|
|
| Shareholder Report [Line Items] |
|
|
| Fund Name |
Miller Market Neutral Income Fund
|
|
| Trading Symbol |
MMNIX
|
|
| Annual or Semi-Annual Statement [Text Block] |
This semi-annual shareholder report contains important information about Miller Market Neutral Income Fund for the period of November 1, 2025 to April 30, 2026.
|
|
| Additional Information [Text Block] |
You can find additional information about the Fund at www.millerfamilyoffunds.com/funddocuments. You can also request this information by contacting us at (877) 441-4434.
|
|
| Additional Information Phone Number |
(877) 441-4434
|
|
| Additional Information Website |
www.millerfamilyoffunds.com/funddocuments
|
|
| Expenses [Text Block] |
What were the Fund’s costs for the last six months?(based on a hypothetical $10,000 investment) Table SummaryClass Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
|---|
Class I | $84 | 1.66%Footnote Reference* |
|---|
| Footnote | Description | Footnote* | Annualized |
|
|
| Expenses Paid, Amount |
$ 84
|
|
| Expense Ratio, Percent |
1.66%
|
[6] |
| Performance Past Does Not Indicate Future [Text] |
The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
|
|
| Average Annual Return [Table Text Block] |
Average Annual Total Returns Table Summary | 6 Months | 1 Year | Since Inception (December 29, 2023) |
|---|
Miller Market Neutral Income Fund | 4.24% | 9.47% | 9.54% |
|---|
Bloomberg 1-3 Year US Government/Credit Index | 1.34% | 3.42% | 4.37% |
|---|
Bloomberg Short Treasury Index | 1.83% | 4.03% | 4.59% |
|---|
Bloomberg U.S. Aggregate Bond Index | 0.54% | 4.06% | 3.64% |
|---|
From the Fund’s inception on December 29, 2023, to April 30, 2024, the Fund’s primary benchmarks were the Bloomberg 1-3 Year US Government/Credit Index and the Bloomberg U.S. Short Treasury Index. For the period from April 30, 2024, to October 31, 2024, the Fund’s primary benchmarks were the Bloomberg U.S. Aggregate Bond Index and the Bloomberg 1-3 Year US Government/Credit Index. The Bloomberg U.S. Aggregate Bond Index was added as a broad-based securities market index in accordance with recent changes to regulatory disclosure requirements. The Fund’s past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. For updated performance call (877) 441-4434.
|
|
| Performance Inception Date |
Dec. 29, 2023
|
|
| No Deduction of Taxes [Text Block] |
The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares.
|
|
| AssetsNet |
$ 236,323,042
|
|
| Holdings Count | Holding |
116
|
|
| Advisory Fees Paid, Amount |
$ 764,760
|
|
| InvestmentCompanyPortfolioTurnover |
190.00%
|
|
| Additional Fund Statistics [Text Block] |
- Net Assets$236,323,042
- Number of Portfolio Holdings116
- Advisory Fee (net of waivers)$764,760
- Portfolio Turnover190%
|
|
| Holdings [Text Block] |
Long Sector Weighting (% of net assets)Table SummaryValue | Value |
|---|
Other Assets in Excess of Liabilities | 6.1% | Money Market | 0.9% | Communications | 1.6% | Consumer Staples | 1.9% | Energy | 2.2% | Consumer Discretionary | 8.6% | Utilities | 13.6% | Industrials | 14.6% | Technology | 23.7% | Health Care | 26.8% | Top 10 Holdings (% of net assets)Table SummaryHolding Name | % of Net Assets |
|---|
Jazz Investments I Ltd., 3.125%, 09/15/30 | 3.2% |
|---|
Avnet, Inc., 1.750%, 09/01/30 | 2.8% |
|---|
PPL Capital Funding, Inc., 3.000%, 12/01/30 | 2.6% |
|---|
Fluor Corporation, 1.125%, 08/15/29 | 2.6% |
|---|
Ascendis Pharma A/S, 2.250%, 04/01/28 | 2.5% |
|---|
World Kinect Corporation, 3.250%, 07/01/28 | 2.4% |
|---|
Alliant Energy Corporation, 3.250%, 05/30/28 | 2.3% |
|---|
Array Technologies, Inc., 2.875%, 07/01/31 | 2.2% |
|---|
Zoetis, Inc., 0.250%, 06/15/29 | 2.1% |
|---|
Pitney Bowes, Inc., 1.500%, 08/15/30 | 2.1% |
|---|
|
|
|
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