Miller Income Fund Class I (LMCLX) Fund Details & Analysis

Fund Information

Fund Category Allocation--70% to 85% Equity

Fund Family Miller Value Funds

Fund Style Large

ISIN US00777X6866

CUSIP 89832P390

Inception Date 2014-02-28

Domicile United States

Country USA

Fiscal Year End September

NAV Chart

Fund Metrics

Net Assets $141.18 Million

Share Class Net Assets $51.70 Million

Expense Ratio 0.97%

Expense Ratio Date 2023-01-31

Dividend Yield 0.05%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 1.43%

1-Year Return 6.85%

3-Year Return 15.27%

5-Year Return 9.10%

NAV $9.20

Previous Close Price $9.27

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.05%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Miller Income Fund Class I

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. It can invest without limit in foreign securities in any country, including countries with developing or emerging markets. The fund is non-diversified.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 6943.94%

Giant 0.00%

Large 16.30%

Medium 9.33%

Micro 21.05%

Small 39.04%

Value & Growth Metrics

Book-Value Growth % 5.96%

Cash-Flow Growth % -11.95%

Dividend Yield % 6.96%

Historical Earnings % -6.38%

Long-Term Earnings % 10.52%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	9.16%	9.16%	0.00%	30.71%	18.90%
Cash	0.34%	0.34%	0.00%	15.63%	0.00%
Non US Stock	11.73%	11.73%	0.00%	13.84%	15.20%
Not Classified	4.71%	4.71%	0.00%	1.53%	0.00%
Other	0.00%	0.00%	0.00%	15.09%	3.53%
US Stock	74.05%	74.05%	0.00%	62.97%	62.37%

Top Holdings

Name	Weight	Owned	Change
ATT Inc	7.25%	-	-
Jackson Financial Inc	4.02%	-	-
Bread Financial Holdings Inc	5.23%	-	-
Stellantis NV	5.46%	-	-
Lincoln National Corp	5.39%	-	-
CTO Realty Growth Inc	4.04%	-	-
Western Alliance Bancorp	6.30%	-	-
Chord Energy Corp	4.94%	-	-
OneMain Holdings Inc	4.34%	-	-
MicroStrategy Inc	5.24%	-	-
Hoegh Autoliners ASA	4.51%	-	-
Viatris Inc	3.54%	-	-
UGI Corp	5.03%	-	-
Verizon Communications Inc	5.02%	-	-
Ituran Location and Control Ltd	4.43%	-	-
United Parcel Service Inc	4.17%	-	-
Build-A-Bear Workshop Inc	3.95%	-	-

See the full breakdown of LMCLX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	6.87%	20.30%	2.40%	0.01%
Bond Sector	Corporate	6.87%	13.82%	97.60%	33.30%
Bond Sector	Derivative	6.87%	12.02%	0.00%	0.00%
Bond Sector	Government	6.87%	46.85%	0.00%	45.53%
Bond Sector	Municipal	6.87%	0.14%	0.00%	0.03%
Bond Sector	Securitized	6.87%	6.87%	0.00%	21.13%
Cyclical	Basic Materials	3.06%	2.85%	0.00%	2.93%
Cyclical	Consumer Cyclical	6.62%	10.73%	0.00%	10.47%
Cyclical	Financial Services	28.01%	15.90%	0.00%	15.36%
Cyclical	Real Estate	7.33%	2.43%	0.00%	2.28%
Defensive	Consumer Defensive	3.45%	5.48%	0.00%	4.80%
Defensive	Healthcare	9.63%	10.18%	0.00%	9.59%
Defensive	Utilities	6.87%	2.82%	0.00%	2.41%
Sensitive	Communication Services	5.65%	9.23%	0.00%	9.29%
Sensitive	Energy	5.90%	3.30%	0.00%	3.16%
Sensitive	Industrials	13.46%	10.57%	0.00%	10.22%
Sensitive	Technology	10.02%	26.52%	0.00%	29.49%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.53%	-	0.34%
Americas	North America	83.06%	86.41%	82.37%
Greater Asia	Asia Developed	2.12%	-	1.42%
Greater Asia	Asia Emerging	1.84%	-	1.40%
Greater Asia	Australasia	0.59%	-	1.04%
Greater Asia	Japan	2.63%	-	3.65%
Greater Europe	Africa/Middle East	0.43%	6.48%	0.44%
Greater Europe	Europe Developed	6.55%	7.12%	7.16%
Greater Europe	Europe Emerging	0.10%	-	0.12%
Greater Europe	United Kingdom	2.14%	-	2.07%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-27	$0.091	$0.091	USD	-	-	-	-
2024-09-26	$0.125	$0.125	USD	-	2024-09-25	2024-09-26	Quarterly
2024-06-27	$0.123	$0.123	USD	-	2024-06-26	2024-06-27	Quarterly
2024-03-28	$0.123	$0.123	USD	-	2024-03-27	2024-03-28	Quarterly
2023-12-28	$0.146	$0.146	USD	-	-	-	-
2023-09-28	$0.086	$0.086	USD	-	2023-09-27	2023-09-28	Quarterly
2023-06-29	$0.115	$0.115	USD	-	2023-06-28	2023-06-29	Quarterly
2023-03-30	$0.123	$0.123	USD	-	2023-03-29	2023-03-30	Quarterly
2022-12-29	$0.092	$0.092	USD	2022-12-29	2022-12-28	2022-12-29	Quarterly
2022-09-29	$0.114	$0.114	USD	2022-09-29	2022-09-28	2022-09-29	Quarterly
2022-06-29	$0.108	$0.108	USD	2022-06-29	2022-06-28	2022-06-29	Quarterly
2022-03-30	$0.108	$0.108	USD	2022-03-30	2022-03-29	2022-03-30	Quarterly
2021-12-29	$0.108	$0.108	USD	2021-12-29	2021-12-28	2021-12-29	Quarterly
2021-09-29	$0.153	$0.153	USD	2021-09-29	2021-09-28	2021-09-29	Quarterly
2021-06-29	$0.125	$0.125	USD	2021-06-29	2021-06-28	2021-06-29	Quarterly
2021-03-30	$0.119	$0.119	USD	2021-03-30	2021-03-29	2021-03-30	Quarterly
2020-12-29	$0.098	$0.098	USD	2020-12-29	2020-12-28	2020-12-29	Quarterly
2020-09-29	$0.098	$0.098	USD	2020-09-29	2020-09-28	2020-09-29	Quarterly
2020-06-29	$0.096	$0.096	USD	2020-06-29	2020-06-26	2020-06-29	Quarterly
2020-03-30	$0.161	$0.161	USD	2020-03-30	2020-03-27	2020-03-30	Quarterly
2019-12-27	$0.150	$0.150	USD	2019-12-27	2019-12-26	2019-12-27	Quarterly
2019-09-27	$0.148	$0.148	USD	2019-09-27	2019-09-26	2019-09-27	Quarterly
2019-06-27	$0.163	$0.163	USD	2019-06-27	2019-06-26	2019-06-27	Quarterly
2019-03-28	$0.163	$0.163	USD	2019-03-28	2019-03-27	2019-03-28	Quarterly
2018-12-20	$0.164	$0.164	USD	2018-12-20	2018-12-19	2018-12-20	Quarterly
2018-09-28	$0.173	$0.173	USD	2018-09-28	2018-09-27	2018-09-28	Quarterly
2018-06-29	$0.167	$0.167	USD	2018-06-29	2018-06-28	2018-06-29	Quarterly
2018-03-29	$0.159	$0.159	USD	2018-03-29	2018-03-28	2018-03-29	Quarterly
2017-12-21	$0.170	$0.170	USD	2017-12-21	2017-12-20	2017-12-21	Quarterly
2017-09-29	$0.170	$0.170	USD	2017-09-29	2017-09-28	2017-09-29	Quarterly
2017-06-30	$0.172	$0.172	USD	2017-06-30	2017-06-29	2017-06-30	Quarterly
2017-03-31	$0.163	$0.163	USD	2017-03-31	2017-03-30	2017-03-31	Other
2016-12-22	$0.159	$0.159	USD	-	-	-	-
2016-09-30	$0.166	$0.166	USD	-	-	-	-
2016-06-30	$0.171	$0.171	USD	-	-	-	-
2016-03-31	$0.173	$0.173	USD	-	-	-	-
2015-12-22	$0.177	$0.177	USD	-	-	-	-
2015-09-30	$0.164	$0.164	USD	-	-	-	-
2015-06-30	$0.156	$0.156	USD	-	-	-	-
2015-03-31	$0.132	$0.132	USD	-	-	-	-
2014-12-23	$0.243	$0.243	USD	-	-	-	-
2014-09-30	$0.155	$0.155	USD	-	-	-	-
2014-06-27	$0.109	$0.109	USD	-	-	-	-

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Miller Income Fund Class I NMFQS:LMCLX