MMNIX

ActiveMin. $1M

Miller Market Neutral Income Fund

Category: US Bond (5,386 funds)

Expense Ratio

1.69%

Annual Cost per $10K

$169.00

30-Year Fee Drag per $10K

$28,907

at 7% annual return

Fund Type

Mutual Fund

Active · Min: $1M

Trailing 12-Month

+10.75%

Asset Allocation

US Bond

85%

Intl Bond

Cash

48%

Fee Comparison

MMNIX

1.69%

US Bond average

0.76%

US Bond cheapest

ABIMX

0.00%

Index benchmark

0.03%

122% more expensive than category average

Historical Returns

Monthly total returns (dividends reinvested) from SEC N-PORT filings · As of January 2026 · Updated quarterly

+21.32%25 months

Compare to

Fee Impact Calculator

Investment

Years

Annual Return

MMNIX at 1.69%$236,080

At index rates (0.03%)$377,424

Zero fees (theoretical)$380,613

Total fee drag$144,533

Cost vs index fund−$141,345

Similar Funds (100)

Ranked by allocation similarity weighted by fund size · Returns (dividends reinvested) from SEC N-PORT filings · As of January 2026

Ticker	Name	ER	1yr	3yr	5yr
MMNIX	Miller Market Neutral Income Fund	1.69%	+10.75%	—	—
MMNAX	Miller Market Neutral Income Fund	2.06%	—	—	—
FTGC	First Trust Global Tactical Commodity Strategy Fund	0.98%	+12.54%	+5.17%	+14.26%
ECSQX	Embark Commodity Strategy Fund	0.71%	+15.93%	—	—
PFIAX	PIMCO Low Duration Income Fund	1.21%	+8.83%	+8.12%	+4.32%
ABNDX	Bond Fund of America	1.04%	+5.29%	+4.96%	-0.25%
PLDAX	PIMCO Low Duration Fund	0.75%	+5.40%	+5.17%	+1.57%
PIINX	PIMCO Income Fund	1.08%	+9.19%	+8.66%	+4.05%
USMSX	JPMorgan Ultra-Short Municipal Fund	0.38%	+3.04%	+3.02%	+1.53%
FEUSX	Federated Hermes Government Ultrashort Fund	0.26%	+4.71%	+4.79%	+2.78%
VTBIX	VANGUARD TOTAL BOND MARKET II INDEX FUND	0.09%	+5.18%	+5.23%	-0.45%
AIBAX	Intermediate Bond Fund of America	0.65%	+4.50%	+3.52%	+0.82%
JMST	JPMorgan Ultra-Short Municipal Income ETF	0.18%	+3.25%	+3.80%	+2.27%
ANBAX	American Funds Strategic Bond Fund	0.31%	+5.38%	+3.74%	-1.00%
FFTSX	Short-Term Bond Fund of America	0.35%	+5.04%	+4.14%	+1.76%
HYG	iShares iBoxx $ High Yield Corporate Bond ETF	0.49%	+8.21%	+8.86%	+4.39%
JMUB	JPMorgan Municipal ETF	0.18%	+0.70%	+3.02%	+0.83%
OSTIX	The Osterweis Strategic Income Fund	0.83%	+6.57%	+9.22%	+5.67%
JCPPX	JPMorgan Core Plus Bond Fund	1.14%	+3.47%	+3.44%	-0.03%
PDFAX	PIMCO Low Duration Fund II	0.77%	+5.00%	+4.71%	+1.28%
EBSAX	Campbell Systematic Macro Fund	2.01%	+3.07%	+2.38%	+10.10%
USHY	iShares Broad USD High Yield Corporate Bond ETF	0.15%	+8.26%	+10.15%	+5.43%
FMF	First Trust Managed Futures Strategy Fund	0.99%	+8.83%	+1.67%	+5.35%
JCBPX	JPMorgan Core Bond Fund	1.33%	+3.25%	+3.03%	-0.39%
MEAR	iShares Short Maturity Municipal Bond Active ETF	0.25%	+3.58%	+3.73%	+2.15%
CLAAX	Columbia Multi Strategy Alternatives Fund	2.09%	+8.72%	+5.04%	+3.16%
NTIIX	Navigator Tactical Investment Grade Bond Fund$1M min	1.09%	+1.58%	+3.41%	—
LQD	iShares iBoxx $ Investment Grade Corporate Bond ETF	0.14%	+3.36%	+4.42%	-0.63%
TAGMX	Transamerica Core Bond	0.42%	+5.97%	+5.76%	—
CCBFX	Capital Group Central Corporate Bond Fund	—	+3.73%	+4.53%	—
IFLN	Invesco Fundamental High Yield Corporate Bond ETF	0.50%	+6.45%	+8.02%	+4.15%
FCNQX	Fidelity Conservative Income Bond Fund	0.45%	-4.56%	—	—
MTBA	Simplify MBS ETF	0.15%	+6.88%	—	—
VPVLDDV	PIMCO Low Duration Portfolio	0.67%	+5.42%	+5.16%	+1.49%
SPIB	SPDR Portfolio Intermediate Term Corporate Bond ETF	0.04%	+6.90%	+7.15%	+1.62%
BBBMX	BBH Limited Duration Fund	0.35%	+5.63%	+6.69%	+4.01%
BBCPX	Bridge Builder Core Plus Bond Fund	0.16%	+6.72%	+6.55%	+0.85%
WAPSX	Western Asset Core Plus Bond Fund	0.42%	+5.71%	+5.73%	-1.36%
JDYRX	PGIM High Yield Fund	0.74%	+8.73%	+8.45%	+4.68%
PTRAX	PIMCO Total Return Fund	0.76%	+6.87%	+6.36%	+0.01%
HIGFX	American High Income Trust	0.32%	+8.57%	+10.59%	+7.12%
JNK	SPDR(R) Bloomberg High Yield Bond ETF	0.40%	+8.58%	+9.85%	+4.80%
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	0.30%	+7.49%	+8.94%	+5.93%
FAAR	First Trust Alternative Absolute Return Strategy ETF	0.97%	+10.31%	+2.35%	+7.53%
BAGSX	Baird Aggregate Bond Fund	0.55%	+5.24%	+5.74%	-0.32%
FBKWX	Fidelity Total Bond Fund	0.75%	+3.99%	+4.27%	+0.57%
SSASX	State Street Income Fund	0.20%	+5.32%	+5.32%	—
AMUSX	U.S. Government Securities Fund	0.65%	+3.55%	+1.78%	-0.67%
BSCP	Invesco BulletShares 2025 Corporate Bond ETF	0.10%	+4.78%	+4.27%	+1.40%
BKLN	Invesco Senior Loan ETF	0.65%	+7.19%	+8.20%	+5.50%
GMDZX	MEDIUM-DURATION BOND FUND	0.68%	+6.03%	+5.88%	-0.57%
MIPLX	MassMutual Premier Inflation-Protected and Income Fund	1.19%	+4.17%	+5.01%	+0.97%
SRLN	SPDR Blackstone Senior Loan ETF	0.70%	+7.34%	+8.84%	+5.70%
SPHY	SPDR Portfolio High Yield Bond ETF	0.05%	+8.60%	+10.27%	+5.85%
PIPAX	PIMCO StocksPLUS International Fund (U.S. Dollar-Hedged)	1.57%	+21.78%	+19.50%	+15.68%
SJNK	SPDR Bloomberg Short Term High Yield Bond ETF	0.40%	+7.81%	+9.47%	+6.26%
MFGBX	MFS Government Securities Fund	0.77%	+1.79%	+1.17%	-2.03%
EFFAX	EFFICIENT ENHANCED MULTI-ASSET FUND	2.00%	—	—	—
PFIX	Simplify Interest Rate Hedge ETF	0.50%	+10.35%	+9.39%	—
IDPAX	Intermediate Duration Portfolio	0.28%	+2.40%	+4.61%	-0.84%
AFFMX	American Funds Mortgage Fund	0.68%	+4.14%	+2.79%	+0.23%
NTBAX	Navigator Tactical Fixed Income Fund	1.32%	+2.29%	+6.60%	+2.79%
GIBCX	Guggenheim Total Return Bond Fund	1.60%	+5.37%	+5.96%	-0.40%
JITAX	JPMorgan National Municipal Income Fund	0.40%	+0.78%	+2.44%	+0.24%
BSJR	Invesco BulletShares 2027 High Yield Corporate Bond ETF	0.42%	+7.87%	+8.55%	+4.05%
IBTF	iShares iBonds Dec 2025 Term Treasury ETF	0.07%	+4.32%	+4.44%	+0.65%
OSTAX	JPMorgan Short-Intermediate Municipal Bond Fund	1.20%	+2.94%	+2.66%	+0.58%
NBCM	Neuberger Berman Commodity Strategy ETF	0.65%	+14.35%	—	—
DHEAX	DIAMOND HILL SHORT DURATION SECURITIZED BOND	0.82%	+7.08%	+8.11%	-1.77%
AVGX	Defiance Daily Target 2X Long AVGO ETF	1.29%	+200.56%	—	—
AMFIX	AAMA INCOME FUND	0.99%	+3.79%	+3.93%	+0.52%
BSJQ	Invesco BulletShares 2026 High Yield Corporate Bond ETF	0.43%	+6.84%	+7.74%	+4.57%
VWALX	VANGUARD HIGH-YIELD TAX-EXEMPT FUND	0.09%	+3.94%	+7.08%	+1.93%
GIFMX	GuidePath Managed Futures Strategy Fund	1.53%	+7.79%	+10.21%	—
VPVCRDV	PIMCO CommodityRealReturn Strategy Portfolio	2.28%	+13.32%	+2.60%	+11.76%
FFRAX	Fidelity Advisor Floating Rate High Income Fund	0.73%	-5.49%	-16.23%	-20.26%
CWB	SPDR(R) Bloomberg Convertible Securities ETF	0.40%	+18.40%	+13.28%	+7.63%
JTFCX	JPMorgan Tax Free Bond Fund	0.67%	-0.71%	+1.68%	-0.87%
JMHI	JPMorgan High Yield Municipal ETF	0.35%	+1.72%	—	—
TRVZX	T. Rowe Price New Income Fund, Inc.	0.32%	+3.45%	+2.95%	-0.33%
OAFIX	Optimum Fixed Income Fund	1.79%	+5.45%	+5.53%	-0.51%
IGIB	iShares 5-10 Year Investment Grade Corporate Bond ETF	0.04%	+5.91%	+6.01%	+0.90%
GHVIX	GMO High Yield Fund	0.35%	+8.37%	+9.98%	+5.83%
PUBAX	PIMCO Dynamic Bond Fund	1.31%	+8.79%	+7.48%	+2.92%
PHYAX	PIMCO High Yield Fund	0.85%	+7.83%	+9.11%	+4.47%
FLIBX	American Funds Inflation Linked Bond Fund	0.36%	+5.34%	+1.51%	+0.86%
TXRRX	JPMorgan Tax Aware Real Return Fund	0.35%	+4.34%	+4.90%	+3.55%
JCPB	JPMorgan Core Plus Bond ETF	0.38%	+4.04%	+4.29%	+0.51%
BICAX	Sterling Capital Total Return Bond Fund	0.70%	-17.52%	-5.29%	-6.49%
BSCS	Invesco BulletShares 2028 Corporate Bond ETF	0.10%	+5.46%	+5.24%	+0.97%
IIBAX	VOYA INTERMEDIATE BOND FUND	1.43%	+5.27%	+6.06%	-0.11%
TSRSX	Thornburg Strategic Income Fund	0.53%	+6.59%	+7.11%	+3.54%
HYGV	FlexShares High Yield Value - Scored Bond Index Fund	0.37%	+7.48%	+9.40%	+5.23%
SPBO	SPDR Portfolio Corporate Bond ETF	0.03%	+6.14%	+7.60%	+0.50%
BSCT	Invesco BulletShares 2029 Corporate Bond ETF	0.10%	+5.51%	+5.39%	+0.67%
MSTX	Defiance Daily Target 2X Long MSTR ETF	1.29%	-62.13%	—	—
SADAX	Allspring Ultra Short-Term Income Fund	0.51%	+5.31%	+5.53%	+3.28%
SPAB	SPDR Portfolio Aggregate Bond ETF	0.03%	+5.24%	+5.27%	-0.43%
AGZ	iShares Agency Bond ETF	0.20%	+4.09%	+3.59%	+0.63%
LFROX	Lord Abbett Floating Rate Fund	0.54%	+6.93%	+8.70%	+6.88%
GAAAX	GMO Opportunistic Income Fund	0.58%	+5.51%	+5.75%	—

Analyze Your Full Portfolio

See your blended expense ratio, aggregate asset allocation, and total fee drag across all your holdings.

Get Started Free