LMORX: Miller Opportunity R

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LMORX Miller Opportunity R


Profile

LMORX - Profile

Vitals

  • YTD Return -38.1%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $1.44 B
  • Holdings in Top 10 35.4%

52 WEEK LOW AND HIGH

$17.83
$14.90
$30.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.76%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -38.1%
  • 3 Yr Annualized Total Return -4.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.54%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Miller Opportunity Trust
  • Fund Family Name
    Miller Value Funds
  • Inception Date
    Dec 28, 2006
  • Shares Outstanding
    232324
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bill Miller

Fund Description

The fund invests in securities, derivatives and other financial instruments that, in the portfolio managers' opinion, offer the opportunity for long-term growth of capital. The portfolio managers exercise a flexible strategy in the selection of investments, not limited by investment style or asset class. It may invest without limit in the common stock of U.S. and foreign issuers of all sizes and in other U.S. and foreign securities. The fund may also borrow money for investment purposes, in amounts up to 10% of the fund's net assets, a practice known as "leveraging". It is non-diversified.


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Categories

Performance

LMORX - Performance

Return Ranking - Trailing

Period LMORX Return Category Return Low Category Return High Rank in Category (%)
YTD -38.1% -42.4% 1.0% 98.30%
1 Yr -27.3% -61.6% 28.1% 64.71%
3 Yr -4.0%* -29.7% 9.6% 13.46%
5 Yr N/A* -21.8% 9.7% 16.46%
10 Yr N/A* -11.3% 11.9% 18.44%

* Annualized

Return Ranking - Calendar

Period LMORX Return Category Return Low Category Return High Rank in Category (%)
2019 33.6% -23.6% 35.6% 2.06%
2018 -10.1% -44.3% -1.3% 7.58%
2017 N/A -13.5% 18.9% N/A
2016 N/A -16.4% 23.6% N/A
2015 N/A -40.7% -0.7% N/A

Total Return Ranking - Trailing

Period LMORX Return Category Return Low Category Return High Rank in Category (%)
YTD -38.1% -42.4% 1.0% 98.30%
1 Yr -27.3% -61.6% 28.1% 64.71%
3 Yr -4.0%* -29.7% 9.6% 23.72%
5 Yr N/A* -21.8% 9.7% 25.74%
10 Yr N/A* -8.7% 11.9% 20.67%

* Annualized

Total Return Ranking - Calendar

Period LMORX Return Category Return Low Category Return High Rank in Category (%)
2019 33.6% -23.6% 35.6% 2.06%
2018 -10.1% -44.3% 0.1% 15.15%
2017 N/A -8.7% 24.9% N/A
2016 N/A -4.7% 26.2% N/A
2015 N/A -40.3% 3.9% N/A

NAV & Total Return History


Holdings

LMORX - Holdings

Concentration Analysis

LMORX Category Low Category High LMORX % Rank
Net Assets 1.44 B 728 K 103 B 24.09%
Number of Holdings 41 1 3264 89.08%
Net Assets in Top 10 631 M 161 K 7.5 B 9.80%
Weighting of Top 10 35.43% 3.0% 100.0% 17.09%

Top 10 Holdings

  1. Bausch Health Companies Inc 4.11%
  2. ADT Inc 4.05%
  3. Amazon.com Inc 3.63%
  4. OneMain Holdings Inc 3.55%
  5. Medifast Inc 3.44%
  6. American Airlines Group Inc 3.38%
  7. Flexion Therapeutics Inc 3.37%
  8. Facebook Inc A 3.34%
  9. JPMorgan Chase & Co 3.29%
  10. Bank of America Corp 3.26%

Asset Allocation

Weighting Return Low Return High LMORX % Rank
Stocks
99.03% 82.68% 100.49% 42.30%
Other
0.79% -6.55% 7.21% 3.92%
Cash
0.18% -4.60% 16.47% 82.91%
Preferred Stocks
0.00% 0.00% 3.76% 47.62%
Convertible Bonds
0.00% 0.00% 0.32% 45.94%
Bonds
0.00% 0.00% 5.39% 48.74%

Stock Sector Breakdown

Weighting Return Low Return High LMORX % Rank
Healthcare
24.89% 1.94% 24.89% 1.12%
Consumer Cyclical
23.87% 4.27% 39.52% 6.72%
Financial Services
19.07% 1.64% 50.76% 12.04%
Industrials
12.53% 3.30% 47.98% 80.67%
Technology
10.56% 3.16% 29.60% 85.99%
Communication Services
8.50% 0.00% 31.30% 9.80%
Energy
0.58% 0.00% 21.15% 92.44%
Utilities
0.00% 0.00% 14.58% 90.48%
Real Estate
0.00% 0.00% 30.44% 95.24%
Consumer Defense
0.00% 0.00% 13.73% 93.00%
Basic Materials
0.00% 0.00% 9.91% 97.20%

Stock Geographic Breakdown

Weighting Return Low Return High LMORX % Rank
US
83.83% 81.56% 100.18% 94.12%
Non US
15.20% 0.00% 15.20% 1.12%

Expenses

LMORX - Expenses

Operational Fees

LMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.76% 0.02% 19.45% 16.18%
Management Fee 0.77% 0.00% 2.00% 76.90%
12b-1 Fee 0.50% 0.00% 1.00% 67.44%
Administrative Fee N/A 0.01% 0.30% N/A

Sales Fees

LMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

LMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

LMORX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.01% 962.00% 42.69%

Distributions

LMORX - Distributions

Dividend Yield Analysis

LMORX Category Low Category High LMORX % Rank
Dividend Yield 0.00% 0.00% 6.98% 47.32%

Dividend Distribution Analysis

LMORX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

LMORX Category Low Category High LMORX % Rank
Net Income Ratio -0.54% -6.46% 2.06% 94.81%

Capital Gain Distribution Analysis

LMORX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LMORX - Fund Manager Analysis

Managers

Bill Miller


Start Date

Tenure

Tenure Rank

Dec 30, 1999

20.18

20.2%

Bill Miller, CFA, has been the Co-Portfolio Manager of the Miller Opportunity Trust since incepstion in 2017.Bill Miller is the Chairman and Chief Investment Officer of Legg Mason Capital Management. He also currently serves as the co-portfolio manager and portfolio manager. Mr. Miller assumed overall responsibility for the equity funds management area of Legg Mason in late 1990.  Prior to this time, he co-managed (with Ernie Kiehne) the Legg Mason Capital Management Value Trust from its inception in 1982.  He was the director of research of Legg Mason from 1981 through 1985.

Samantha McLemore


Start Date

Tenure

Tenure Rank

Aug 19, 2008

11.54

11.5%

Samantha McLemore, CFA, has been the Co-Portfolio Manager of the Miller Opportunity Trust since inception in 2017. She served as Assistant Portfolio Manager from 2008 to 2014. Ms. McLemore has worked on the Opportunity strategy since 2002 and she has served as a portfolio manager for the Adviser since 2014. McLemore is a portfolio manager of Legg Mason Capital Management, Inc. She has been an analyst on LMCM's research team since 2002.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 32.91 6.09 0.69