Miller Investment Trust

07/16/2024 | Press release | Distributed by Public on 07/16/2024 08:17

Prospectus by Investment Company - Form 497

Ticker Symbol By Class
A C I
Miller Convertible Bond Fund MCFAX MCFCX MCIFX
Miller Intermediate Bond Fund - - MIFIX
miller market neutral income fund - - MMNIX

Supplement dated July 16, 2024 to the Fund's Statement of Additional Information ("SAI"), dated March 1, 2024

This Supplement provides new and additional information beyond that contained in the Prospectus, Summary Prospectus and SAI and should be read in conjunction with the Prospectus, Summary Prospectus and SAI. This Supplement supersedes any information to the contrary in Prospectus, Summary Prospectus and SAI.

Effective as of July 16, 2024, the replaces the tables title Interested Trustees and Officers under the MANAGEMENT portion of the Miller Family of Funds SAI, starting on page 28 of the SAI.

Interested Trustee and Officers

Name, Address and

Year of Birth

Position/

Term of Office*

Principal Occupation

During the Past Five Years

Number of Portfolios in Fund Complex ** Overseen by Trustee/Officer

Other Directorships held by Trustee During Past Five Years

Michael Miller***

1983

Chairman of the Board, President, and Trustee Since June 2024 Chief Executive Officer and Co-Portfolio Manager (June 2024- Present); President, Chief Investment Officer and Co-Portfolio Manager (October 2019 - June 2024); Co-Portfolio Manager & Vice President, (March 2010 - October 2019), Wellesley Asset Management, Inc. (registered investment advisory firm). 3 N/A

Dan Mitchell

1971

Secretary, Since June 2024

Chief Operating Officer (April 2019 - Present) and Chief Compliance Officer (August 2016 to March 2019), Wellesley Asset Management, Inc. (registered investment advisory firm).

3 N/A

James Buckham

1965

Treasurer, Since June 2024 Portfolio Manager (since 2011); Wellesley Asset Management, Inc. (registered investment advisory firm). 3 N/A

James Ash

1976

Chief Compliance Officer

Since 2023

Senior Vice President and Head of Fund Compliance (since 2023) and Senior Compliance Officer, Northern Lights Compliance, LLC (2019-2023); Senior Vice President, National Sales Gemini Fund Services, LLC (2017-2019). N/A N/A

*The term of office for each Trustee and Officer listed above will continue indefinitely.

** The term "Fund Complex" refers to the Miller Investment Trust, which as of June 10, 2024 consists of three Funds: the Miller Convertible Bond Fund, the Miller Intermediate Bond Fund, and the Miller Market Neutral Income Fund.

***Michael Miller is an "interested person" of the Trust as that term is defined under the 1940 Act, because of his affiliation with Wellesley Asset Management, Inc. (the Fund's Advisor).

You should read this Supplement in conjunction with the Funds' Prospectus, Summary Prospectus and Statement of Additional Information each dated March 1, 2024 which provide information that you should know about the Funds before investing. These documents are available upon request and without charge by calling the Funds toll-free at 1-877-441-4434. The Prospectus, Summary Prospectus and Statement of Additional Information may be obtained by visiting www.MillerFamilyOfFunds.com. You should retain this Supplement for future reference.