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LGOAX Miller Opportunity A

  • Fund
  • LGOAX
  • Price as of: Jan 18, 2019
  • $25.04
  • + $0.30
  • + 1.21%
  • Category
  • Mid Cap Value Equities

LGOAX - Profile

Vitals

  • YTD Return 16.2%
  • 3 Yr Annualized Return 4.3%
  • 5 Yr Annualized Return 4.8%
  • Net Assets $1.32 B
  • Holdings in Top 10 41.0%

52 WEEK LOW AND HIGH

$25.04
$20.48
$30.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 120.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$250

Investment Themes

CATEGORY

Mid Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return 16.2%
  • 3 Yr Annualized Total Return 2.2%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.64%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Miller Opportunity Trust
  • Fund Family Name Miller Value Funds
  • Inception Date Feb 03, 2009
  • Shares Outstanding 10366713
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Samantha McLemore

LGOAX - Performance

Return Ranking - Trailing

Period LGOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.2% -31.3% 20.9% 1.19% 1
1 Yr -9.8% -33.1% 33.5% 24.41% 2
3 Yr 4.3% * -9.7% 14.4% 55.70% 3
5 Yr 4.8% * -7.7% 16.0% 28.46% 2
10 Yr 15.5% * 0.8% 16.9% 1.80% 1

* Annualized


Return Ranking - Calendar

Period LGOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -9.8% -92.8% 17.4% 11.98% 1
2017 25.9% -23.0% 26.2% 0.51% 1
2016 -0.3% -18.5% 36.2% 84.72% 5
2015 0.5% -30.9% 35.1% 7.03% 1
2014 11.0% -18.7% 36.6% 8.73% 1

Total Return Ranking - Trailing

Period LGOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.2% -100.0% 18.7% 0.96% 1
1 Yr -15.0% -28.1% 97.8% 60.43% 4
3 Yr 2.2% * -7.6% 14.4% 83.04% 5
5 Yr 3.6% * -8.1% 22.4% 51.60% 3
10 Yr 14.8% * 0.8% 16.9% 2.40% 1

* Annualized


Total Return Ranking - Calendar

Period LGOAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -9.8% -92.8% 20.9% 12.47% 1
2017 25.9% -16.5% 26.2% 0.51% 1
2016 -0.3% -18.3% 28.0% 90.18% 5
2015 0.5% -26.7% 138.4% 15.89% 1
2014 11.0% -12.4% 159.7% 52.96% 3

NAV & Total Return History

LGOAX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

LGOAX Category Low Category High LGOAX % Rank Quintile
Net Assets 1.32 B 313 K 32.7 B 8.49% 2
Number of Holdings 39 27 2617 22.41% 5
Net Assets in Top 10 593 M 105 K 9.32 B 5.19% 1
Weighting of Top 10 41.0% 6.4% 60.3% 3.30% 1

Top 10 Holdings

  1. Delta Air Lines Inc 3.79%
  2. OneMain Holdings Inc 3.52%
  3. Amazon.com Inc 5.19%
  4. RH 5.17%
  5. Bausch Health Companies Inc 3.95%
  6. United Continental Holdings Inc 4.05%
  7. JPMorgan Chase & Co 4.05%
  8. Genworth Financial Inc 4.25%
  9. PulteGroup Inc 3.59%
  10. Bank of America Corporation 3.40%

Asset Allocation

Weighting Category Low Category High LGOAX % Rank Quintile
Stocks
98.86% 26.96% 102.07% 8.02% 2
Other
1.14% -5.25% 10.96% 2.12% 1
Preferred Stocks
0.00% 0.00% 16.51% 4.01% 3
Convertible Bonds
0.00% 0.00% 0.68% 1.18% 3
Cash
0.00% -2.15% 50.80% 30.66% 5
Bonds
0.00% -0.05% 19.44% 4.01% 3

Stock Sector Breakdown

Weighting Category Low Category High LGOAX % Rank Quintile
Consumer Cyclical
23.24% 0.00% 33.01% 1.89% 1
Healthcare
22.68% 0.00% 22.68% 0.24% 1
Financial Services
20.18% 0.00% 37.79% 18.40% 3
Industrials
14.00% 0.00% 33.76% 17.69% 3
Technology
10.91% 0.00% 31.48% 12.74% 2
Consumer Defense
4.16% 0.00% 16.80% 21.23% 4
Communication Services
2.93% 0.00% 7.32% 3.07% 1
Utilities
0.00% 0.00% 13.41% 30.66% 5
Real Estate
0.00% 0.00% 46.58% 32.31% 5
Energy
0.00% 0.00% 37.42% 32.08% 5
Basic Materials
0.00% 0.00% 22.57% 32.08% 5

Stock Geographic Breakdown

Weighting Category Low Category High LGOAX % Rank Quintile
US
87.33% 22.09% 100.47% 28.54% 5
Non US
11.53% 0.00% 36.26% 2.36% 1

LGOAX - Expenses

Operational Fees

LGOAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.34% 0.07% 19.64% 23.11% 3
Management Fee 0.77% 0.06% 1.26% 4.48% 4
12b-1 Fee 0.25% 0.00% 1.00% 3.40% 3
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

LGOAX Fees (% of AUM) Category Low Category High LGOAX Rank Quintile
Front Load 5.75% 2.50% 5.75% 1.33% 4
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

LGOAX Fees (% of AUM) Category Low Category High LGOAX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover 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.

LGOAX Fees (% of AUM) Category Low Category High LGOAX Rank Quintile
Turnover 120.00% 6.00% 852.98% 3.30% 5

LGOAX - Distributions

Dividend Yield Analysis

LGOAX Category Low Category High LGOAX % Rank Quintile
Dividend Yield N/A 0.00% 3.80% N/A N/A

Dividend Distribution Analysis

LGOAX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

LGOAX Category Low Category High LGOAX % Rank Quintile
Net Income Ratio -0.64% -4.96% 6.58% 45.75% 5

Capital Gain Distribution Analysis

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

LGOAX - Managers

Samantha McLemore

Manager

Start Date

Aug 19, 2008

Tenure

10.37

Tenure Rank

6.0%

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.


Bill Miller

Manager

Start Date

Dec 30, 1999

Tenure

19.02

Tenure Rank

1.1%

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.


Tenure Analysis

Category Low

0.1

Category High

30.3

Category Average

7.43

Category Mode

4.0