Miller Opportunity A
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
Vitals
YTD Return
-37.3%
1 yr return
-35.9%
3 Yr Avg Return
11.6%
5 Yr Avg Return
7.7%
Net Assets
$1.63 B
Holdings in Top 10
38.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 55.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Investment Style
Mid-Cap Blend
Name
Price
Aum/Mkt Cap
YIELD & DIV
Exp Ratio
Watchlist
LGOAX - Profile
Distributions
- YTD Total Return -37.3%
- 3 Yr Annualized Total Return 9.4%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.17%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Semi-Annually
Fund Details
-
Legal NameMiller Opportunity Trust
-
Fund Family NameMiller Value Funds
-
Inception DateFeb 03, 2009
-
Shares Outstanding22301292
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerBill Miller
LGOAX - Performance
Return Ranking - Trailing
| Period | LGOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -37.3% | -56.0% | 25.9% | 98.57% |
| 1 Yr | -35.9% | -41.1% | 52.2% | 99.04% |
| 3 Yr | 11.6%* | -2.2% | 22.7% | 72.73% |
| 5 Yr | 7.7%* | 3.9% | 14.7% | 83.00% |
| 10 Yr | 14.2%* | 5.8% | 14.7% | 1.37% |
* Annualized
Return Ranking - Calendar
| Period | LGOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | -4.4% | -69.6% | 32.4% | 93.27% |
| 2020 | 38.6% | -17.7% | 2510.2% | 2.07% |
| 2019 | 33.9% | -24.4% | 37.5% | 0.82% |
| 2018 | -9.8% | -77.7% | 7.9% | 8.50% |
| 2017 | N/A | -62.4% | 26.9% | N/A |
Total Return Ranking - Trailing
| Period | LGOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -37.3% | -56.0% | 25.9% | 98.34% |
| 1 Yr | -39.6% | -41.1% | 102.7% | 99.76% |
| 3 Yr | 9.4%* | -2.2% | 28.6% | 88.46% |
| 5 Yr | 6.4%* | 3.9% | 21.1% | 92.44% |
| 10 Yr | 13.5%* | 5.8% | 14.7% | 2.41% |
* Annualized
Total Return Ranking - Calendar
| Period | LGOAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2021 | -4.4% | -69.6% | 32.4% | 93.28% |
| 2020 | 38.6% | -17.7% | 2510.2% | 2.07% |
| 2019 | 33.9% | -24.4% | 37.5% | 0.81% |
| 2018 | -9.8% | -77.7% | 7.9% | 17.80% |
| 2017 | N/A | -62.4% | 26.9% | N/A |
NAV & Total Return History
LGOAX - Holdings
Concentration Analysis
| LGOAX | Category Low | Category High | LGOAX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.63 B | 481 K | 145 B | 19.25% |
| Number of Holdings | 46 | 1 | 2445 | 79.21% |
| Net Assets in Top 10 | 820 M | 3.49 K | 10.8 B | 9.01% |
| Weighting of Top 10 | 38.05% | 2.8% | 100.0% | 24.07% |
Top 10 Holdings
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
- Uber Tec Cll Opt 1/22 32 5.20%
Asset Allocation
| Weighting | Return Low | Return High | LGOAX % Rank | |
|---|---|---|---|---|
| Stocks | 99.25% | 0.00% | 100.57% | 40.42% |
| Bonds | 3.05% | 0.00% | 14.82% | 1.39% |
| Other | 0.22% | -1.04% | 36.11% | 3.70% |
| Preferred Stocks | 0.00% | 0.00% | 21.68% | 20.55% |
| Convertible Bonds | 0.00% | 0.00% | 1.78% | 20.09% |
| Cash | -2.51% | -2.51% | 100.00% | 99.08% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LGOAX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 28.87% | 2.49% | 61.84% | 2.55% |
| Technology | 16.07% | 0.00% | 43.45% | 43.29% |
| Healthcare | 15.94% | 0.00% | 47.15% | 9.95% |
| Financial Services | 10.47% | 0.00% | 46.10% | 82.41% |
| Energy | 10.08% | 0.00% | 58.13% | 8.56% |
| Communication Services | 6.82% | 0.00% | 30.98% | 9.72% |
| Industrials | 6.58% | 0.00% | 45.89% | 91.44% |
| Basic Materials | 2.78% | 0.00% | 26.18% | 85.42% |
| Consumer Defense | 2.40% | 0.00% | 32.18% | 79.86% |
| Utilities | 0.00% | 0.00% | 18.97% | 84.95% |
| Real Estate | 0.00% | 0.00% | 25.82% | 90.74% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LGOAX % Rank | |
|---|---|---|---|---|
| US | 84.15% | 0.00% | 100.04% | 91.22% |
| Non US | 15.10% | 0.00% | 27.19% | 3.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LGOAX % Rank | |
|---|---|---|---|---|
| Government | 93.66% | 0.00% | 93.66% | 0.51% |
| Cash & Equivalents | 6.34% | 2.42% | 100.00% | 97.97% |
| Derivative | 0.00% | 0.00% | 4.53% | 20.76% |
| Securitized | 0.00% | 0.00% | 0.00% | 17.72% |
| Corporate | 0.00% | 0.00% | 97.58% | 23.29% |
| Municipal | 0.00% | 0.00% | 0.00% | 17.72% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LGOAX % Rank | |
|---|---|---|---|---|
| US | 3.05% | 0.00% | 14.82% | 1.39% |
| Non US | 0.00% | 0.00% | 0.00% | 18.01% |
LGOAX - Expenses
Operational Fees
| LGOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.03% | 8.45% | 24.94% |
| Management Fee | 0.77% | 0.00% | 1.67% | 79.76% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 35.68% |
| Administrative Fee | N/A | 0.01% | 0.30% | N/A |
Sales Fees
| LGOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.75% | 0.00% | 5.75% | 12.96% |
| Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
| LGOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| LGOAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 55.00% | 0.00% | 321.00% | 59.29% |
LGOAX - Distributions
Dividend Yield Analysis
| LGOAX | Category Low | Category High | LGOAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 18.58% | 52.53% |
Dividend Distribution Analysis
| LGOAX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Semi-Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| LGOAX | Category Low | Category High | LGOAX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.17% | -2.06% | 3.38% | 78.81% |
Capital Gain Distribution Analysis
| LGOAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
LGOAX - Fund Manager Analysis
Managers
Bill Miller
Start Date
Tenure
Tenure Rank
Dec 30, 1999
22.43
22.4%
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
13.79
13.8%
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 |
|---|---|---|---|
| 0.25 | 38.44 | 7.36 | 5.78 |