MVISX: Miller Opportunity IS

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MVISX Miller Opportunity IS


Profile

MVISX - Profile

Vitals

  • YTD Return -5.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $1.46 B
  • Holdings in Top 10 40.3%

52 WEEK LOW AND HIGH

$29.67
$16.32
$33.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

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) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -5.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Miller Opportunity Trust
  • Fund Family Name
    Miller Value Funds
  • Inception Date
    Aug 22, 2018
  • Shares Outstanding
    17152
  • Share Class
    Other
  • 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".


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Categories

Performance

MVISX - Performance

Return Ranking - Trailing

Period MVISX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.9% -59.8% 74.8% 45.38%
1 Yr N/A -73.0% 74.3% 12.09%
3 Yr N/A* -45.0% 44.5% 0.33%
5 Yr N/A* -39.8% 38.2% 7.29%
10 Yr N/A* -38.9% 34.7% 16.85%

* Annualized

Return Ranking - Calendar

Period MVISX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -58.1% 80.6% 86.98%
2018 N/A -64.5% 23.6% N/A
2017 N/A -55.3% 69.8% N/A
2016 N/A -34.8% 68.2% N/A
2015 N/A -50.8% 22.5% N/A

Total Return Ranking - Trailing

Period MVISX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.9% -59.8% 74.8% 45.38%
1 Yr N/A -73.0% 74.3% 12.09%
3 Yr N/A* -45.0% 44.5% 0.33%
5 Yr N/A* -39.8% 38.2% 10.53%
10 Yr N/A* -38.9% 34.7% 19.66%

* Annualized

Total Return Ranking - Calendar

Period MVISX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -58.1% 80.6% 86.98%
2018 N/A -64.5% 23.6% N/A
2017 N/A -55.3% 69.8% N/A
2016 N/A -34.8% 70.7% N/A
2015 N/A -50.8% 30.8% N/A

NAV & Total Return History


Holdings

MVISX - Holdings

Concentration Analysis

MVISX Category Low Category High MVISX % Rank
Net Assets 1.46 B 92.3 K 98.5 B 16.93%
Number of Holdings 41 1 2004 67.39%
Net Assets in Top 10 451 M -2.14 B 26.6 B 16.43%
Weighting of Top 10 40.26% 0.0% 100.0% 41.03%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High MVISX % Rank
Stocks
98.92% -46.11% 100.41% 1.56%
Other
1.14% -895.56% 38.46% 22.42%
Preferred Stocks
0.00% -0.02% 19.36% 59.35%
Convertible Bonds
0.00% 0.00% 33.69% 57.07%
Bonds
0.00% -696.69% 45.33% 64.51%
Cash
-0.07% -0.92% 1041.68% 99.04%

Stock Sector Breakdown

Weighting Return Low Return High MVISX % Rank
Consumer Cyclical
30.04% 0.00% 59.77% 1.39%
Healthcare
18.72% 0.00% 100.00% 19.70%
Financial Services
16.89% 0.00% 100.00% 25.63%
Communication Services
13.17% 0.00% 100.00% 18.06%
Industrials
12.54% 0.00% 70.69% 25.13%
Technology
5.60% 0.00% 99.85% 83.96%
Energy
1.76% 0.00% 100.00% 68.69%
Basic Materials
1.28% 0.00% 63.34% 67.93%
Utilities
0.00% 0.00% 99.08% 84.34%
Real Estate
0.00% 0.00% 100.00% 90.53%
Consumer Defense
0.00% 0.00% 69.13% 92.42%

Stock Geographic Breakdown

Weighting Return Low Return High MVISX % Rank
US
79.25% -29.34% 83.25% 5.64%
Non US
19.67% -48.75% 62.54% 7.79%

Expenses

MVISX - Expenses

Operational Fees

MVISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.03% 12.16% 76.89%
Management Fee 0.77% 0.00% 2.94% 44.31%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.12% N/A

Sales Fees

MVISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

MVISX 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.

MVISX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 496.00% 36.03%

Distributions

MVISX - Distributions

Dividend Yield Analysis

MVISX Category Low Category High MVISX % Rank
Dividend Yield 0.00% 0.00% 11.31% 48.74%

Dividend Distribution Analysis

MVISX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

MVISX Category Low Category High MVISX % Rank
Net Income Ratio 0.81% -4.31% 4.44% 36.60%

Capital Gain Distribution Analysis

MVISX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MVISX - Fund Manager Analysis

Managers

Bill Miller


Start Date

Tenure

Tenure Rank

Dec 30, 1999

20.52

20.5%

Bill Miller, CFA is the founder of Miller Value Partners, and currently serves as the Chairman and Chief Investment Officer, and co-Portfolio Manager for the Opportunity Equity strategy. Prior to Miller Value Partners, Bill and his partner, Ernie Kiehne, founded Legg Mason Capital Management and served as portfolio managers of the Legg Mason Capital Management Value Trust from its inception in 1982. Bill took over as sole manager in December 1990 and served in this role for the next 20 years. Bill was the director of research for Legg Mason from October 1981 through June 1985 and assumed ov

Samantha McLemore


Start Date

Tenure

Tenure Rank

Aug 19, 2008

11.87

11.9%

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
0.03 41.52 8.35 6.75