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Name

As of 01/13/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Miller Income Fund

LMCKX | Fund

$8.59

$148 M

3.82%

$0.33

1.41%

Vitals

YTD Return

-1.4%

1 yr return

N/A

3 Yr Avg Return

2.7%

5 Yr Avg Return

6.2%

Net Assets

$148 M

Holdings in Top 10

54.0%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.41%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 01/13/2025

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Miller Income Fund

LMCKX | Fund

$8.59

$148 M

3.82%

$0.33

1.41%

LMCKX - Profile

Distributions

  • YTD Total Return -1.4%
  • 3 Yr Annualized Total Return 2.7%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Miller Income Fund
  • Fund Family Name
    N/A
  • Inception Date
    Feb 28, 2014
  • Shares Outstanding
    N/A
  • Share Class
    F
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

The Fund’s investment style is flexible and intended to generate a high level of income from a wide array of sources. The investment strategy involves identifying instances where the Adviser believes the capital markets have mispriced investment opportunities and exploiting price discrepancies and inefficiencies in the market. The Fund’s strategy is not limited by investment style or asset class, and the portfolio manager has the ability to move across asset classes and up and down the capital structure in an effort to access the greatest yield and valuation opportunities. The portfolio manager believes that this flexible approach will allow the Fund to maintain a high level of income while also preserving the opportunity for growth over time.
Under normal market conditions, the Fund will invest without limit primarily in cash distributing equity, and equity-like securities, fixed income securities, derivatives, and other financial instruments of issuers located anywhere in the world. The cash distributing securities in which the Fund may invest include, but are not limited to, common stock, business development companies (“BDCs”), real estate investment trusts (“REITs”), master limited partnerships (“MLPs”), closed-end investment companies, exchange traded funds (“ETFs”), preferred stock, convertible securities, trust preferred securities, investment grade corporate bonds, below investment grade corporate bonds (commonly known as “junk bonds”), royalty trusts, commodity-linked derivatives, asset-backed and mortgage-backed securities, private mortgage-related securities, including non-U.S. mortgage pass-through securities, U.S. government securities, U.S. government and agency bonds, sovereign government and agency bonds, municipal securities, bank and senior loans, emerging market debt, equipment trust certificates, money market instruments, zero coupon bonds, indexed securities, including those that are linked to currencies, and inflation-indexed securities, structured notes including those that are linked to currencies, depositary receipts, and floating rate debt instruments. The Fund can invest without limit in foreign securities in any country, including countries with developing or emerging markets.
Derivatives may be used by the Fund as a hedging technique in an attempt to manage risk, as a substitute for buying or selling securities, to provide additional exposure to investment types or market factors, to change the characteristics of the Fund’s portfolio, and/or in an attempt to enhance income or returns. Derivative instruments the Fund may use primarily include options, forwards, including currency forwards, futures and swaps. The Fund’s derivative investments may be significant at times.
The Adviser actively searches across securities of all market capitalizations to identify undervalued securities that have historically distributed a high level of income. This includes detailed and ongoing research on the portfolio’s holdings, including issuers’ debt ratios and cash flows, and management's capital allocation priorities and track records. The Adviser continually applies the same analysis to the existing positions in the portfolio and looks to exit from a position if it no longer meets this requirement.
The Fund is classified as non-diversified, which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund. As a result of its investment strategy, the Fund may have significant focus in the financial services sector.
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LMCKX - Performance

Return Ranking - Trailing

Period LMCKX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr 2.7%* N/A N/A N/A
5 Yr 6.2%* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period LMCKX Return Category Return Low Category Return High Rank in Category (%)
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 -27.3% N/A N/A N/A
2021 22.0% N/A N/A N/A
2020 -9.3% N/A N/A N/A

Total Return Ranking - Trailing

Period LMCKX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.4% N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr 2.7%* N/A N/A N/A
5 Yr 6.2%* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period LMCKX Return Category Return Low Category Return High Rank in Category (%)
2024 N/A N/A N/A N/A
2023 N/A N/A N/A N/A
2022 -22.9% N/A N/A N/A
2021 28.5% N/A N/A N/A
2020 -2.4% N/A N/A N/A

NAV & Total Return History

LMCKX - Holdings

Concentration Analysis

LMCKX Category Low Category High LMCKX % Rank
Net Assets 148 M N/A N/A N/A
Number of Holdings 31 N/A N/A N/A
Net Assets in Top 10 87.3 M N/A N/A N/A
Weighting of Top 10 54.03% N/A N/A N/A

Top 10 Holdings

  1. ATT Inc 7.25%
  2. Jackson Financial Inc 6.54%
  3. Western Alliance Bancorp 6.30%
  4. Bread Financial Holdings Inc 5.82%
  5. MicroStrategy Inc 5.24%
  6. Lincoln National Corp 5.07%
  7. CTO Realty Growth Inc 4.52%
  8. Hoegh Autoliners ASA 4.51%
  9. Viatris Inc 4.45%
  10. OneMain Holdings Inc 4.34%

Asset Allocation

Weighting Return Low Return High LMCKX % Rank
Stocks 		89.28% N/A N/A N/A
Bonds 		10.18% N/A N/A N/A
Cash 		0.54% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High LMCKX % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High LMCKX % Rank
US 		76.37% N/A N/A N/A
Non US 		12.91% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High LMCKX % Rank
Cash & Equivalents 		0.13% N/A N/A N/A
Derivative 		0.00% N/A N/A N/A
Securitized 		0.00% N/A N/A N/A
Corporate 		0.00% N/A N/A N/A
Municipal 		0.00% N/A N/A N/A
Government 		0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High LMCKX % Rank
US 		10.18% N/A N/A N/A
Non US 		0.00% N/A N/A N/A

LMCKX - Expenses

Operational Fees

LMCKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.41% N/A N/A N/A
Management Fee 0.70% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

LMCKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

LMCKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LMCKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

LMCKX - Distributions

Dividend Yield Analysis

LMCKX Category Low Category High LMCKX % Rank
Dividend Yield 3.82% N/A N/A N/A

Dividend Distribution Analysis

LMCKX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly

Net Income Ratio Analysis

LMCKX Category Low Category High LMCKX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

LMCKX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

LMCKX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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