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Wellesley Asset Management Launches MCVT ETF

Wellesley Asset Management, a prominent firm known for its expertise in convertible securities, has officially introduced the Miller Convertible Total Return ETF (MCVT). This new actively managed exchange-traded fund (ETF) is strategically designed to maximize investors' total returns through a disciplined focus on convertible securities.

Targeting Today's Market Environment

The MCVT ETF aims to generate a robust total return that combines both current income and capital appreciation. Central to Wellesley's long-standing investment philosophy is the emphasis on capital preservation, especially crucial in today's fluctuating market conditions. Convertible securities, which blend attributes of stocks and bonds, present a unique risk-reward profile suited for current investors.

These securities offer several compelling benefits:

• - Capital Preservation: Convertible securities tend to outperform equities during uncertain times, offering a safety net for investors.
• - Upside Potential: They allow investors to participate in the growth of the markets, providing an opportunity for capital gains when market conditions improve.
• - Reduced Volatility: Compared to traditional stock portfolios, convertible securities usually exhibit lower volatility, making them an attractive option for conservative investors seeking steady performance amid market fluctuations.

Expertise in Convertible Investing

Michael Miller, the CEO of Wellesley Asset Management, expressed that the firm has spent decades refining its disciplined strategy for convertible investing. The MCVT ETF is a significant extension of their expertise into the ETF space, providing investors with a liquid and transparent way to access the convertible asset class. Michael emphasizes how the new ETF complements their existing suite of mutual funds, offering clients a diverse range of options within the dynamic convertible market.

Portfolio Manager Jim Buckham noted the benefits of adding MCVT to the firm’s investment strategies, catering to a broader clientele seeking varied investment avenues.

David Clott, Chief Investment Officer, remarked on the efficiency of actively managed ETFs in capturing the appealing return profile of convertible bonds, making it easier for investors to navigate the asset class.

About Wellesley Asset Management

Founded as an independent investment advisory firm, Wellesley Asset Management specializes in convertible bond strategies for various clients, including individuals and institutions. With years of navigating market volatility, the firm is devoted to delivering solutions focused on absolute returns, grounded in disciplined risk management and in-depth expertise in convertible securities.

Availability and Investor Caution

Shares of the MCVT ETF are now trading on NYSE Arca, providing investors a new option to consider. The fund's prospectus thoroughly outlines the inherent risks, fees, and detailed investment strategies to guide potential investors in their decision-making process.

Investors are urged to conduct careful examination of these factors before investing in this new offering. Investments in convertible securities do carry risks associated with both stocks and fixed-income securities, which investors must weigh against their personal investment goals.

For inquiries about MCVT or to obtain a prospectus, interested parties can contact Wellesley Asset Management directly via phone or email.

Wellesley Assets LLC, a related entity, oversees the distribution of this new fund.

Important Disclosure: ETFs can involve risk, including the potential loss of principal. Given that MCVT is a newly launched fund, it does not have an operating history, which could introduce additional risks for early investors. Market conditions can greatly impact the performance of this ETF, and prospective investors should remain wary of volatility and economic fluctuations.

In summary, Wellesley’s Miller Convertible Total Return ETF offers a fresh, disciplined approach for investors looking to navigate the complexities of today’s markets while aiming for capital appreciation and income stability.