LMCLX: Miller Income Fund - MutualFunds.com
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LMCLX - Snapshot

Vitals

  • YTD Return 6.0%
  • 3 Yr Annualized Return 3.8%
  • 5 Yr Annualized Return 8.4%
  • Net Assets $206 M
  • Holdings in Top 10 50.4%

52 WEEK LOW AND HIGH

$7.93
$4.60
$8.42

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.05%

SALES FEES

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

BROKERAGE FEES

  • Turnover 77.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA $1,000,000

Fund Classification


Compare LMCLX to Popular U.S. Growth/Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$24.07

0.00%

$115.78 B

2.74%

$0.66

2.21%

0.57%

$41.41

+0.22%

$18.49 B

1.63%

$0.67

2.91%

-

$17.72

+0.06%

$12.43 B

1.51%

$0.27

2.55%

0.38%

$16.38

+0.06%

$11.11 B

2.15%

$0.35

3.54%

0.25%

$56.81

+0.09%

$7.47 B

1.55%

$0.88

2.64%

0.10%

LMCLX - Profile

Distributions

  • YTD Total Return 6.0%
  • 3 Yr Annualized Total Return 3.8%
  • 5 Yr Annualized Total Return 8.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Miller Income Fund
  • Fund Family Name
    Miller Value Funds
  • Inception Date
    Feb 28, 2014
  • Shares Outstanding
    12649042
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Bill Miller

Fund Description

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.


LMCLX - Performance

Return Ranking - Trailing

Period LMCLX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% 0.4% 7.3% 2.51%
1 Yr -2.8% -18.6% 193.7% 97.48%
3 Yr 3.8%* -7.6% 49.8% 91.94%
5 Yr 8.4%* 2.3% 36.0% 77.38%
10 Yr N/A* 3.7% 12.0% N/A

* Annualized

Return Ranking - Calendar

Period LMCLX Return Category Return Low Category Return High Rank in Category (%)
2020 -9.9% -21.4% 34.3% 97.33%
2019 15.6% 1.1% 24.7% 36.61%
2018 -15.0% -48.9% -3.9% 63.64%
2017 N/A -4.4% 23.6% N/A
2016 N/A -7.8% 13.8% N/A

Total Return Ranking - Trailing

Period LMCLX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.0% 0.4% 7.3% 2.51%
1 Yr -2.8% -18.6% 190.8% 96.53%
3 Yr 3.8%* -7.6% 49.3% 90.65%
5 Yr 8.4%* 1.9% 35.7% 74.43%
10 Yr N/A* 3.7% 12.0% N/A

* Annualized

Total Return Ranking - Calendar

Period LMCLX Return Category Return Low Category Return High Rank in Category (%)
2020 -9.9% -21.4% 34.3% 97.33%
2019 15.6% 1.1% 25.0% 36.61%
2018 -10.0% -48.9% -2.5% 43.01%
2017 N/A -4.4% 32.2% N/A
2016 N/A -7.8% 22.5% N/A

NAV & Total Return History


LMCLX - Holdings

Concentration Analysis

LMCLX Category Low Category High LMCLX % Rank
Net Assets 206 M 931 K 116 B 74.15%
Number of Holdings 37 4 19979 48.46%
Net Assets in Top 10 103 M 793 K 25.2 B 75.62%
Weighting of Top 10 50.37% 11.5% 100.0% 59.79%

Top 10 Holdings

  1. Bed Bath & Beyond 5.165% 8.52%
  2. Alliance Resource Operating Partners Lp/Alliance Resource Finance Corp 7.5% 5.98%
  3. Apollo Global Management Inc Class A 5.28%
  4. The Chemours Co 4.91%
  5. Atlas Corp 4.89%
  6. Lumen Technologies Inc 7.6% 4.80%
  7. The GEO Group Inc 4.73%
  8. Curo Group Holdings Corp 8.25% 4.22%
  9. Diebold Nixdorf Incorporated 8.5% 4.13%
  10. Cedar Fair LP 4.10%

Asset Allocation

Weighting Return Low Return High LMCLX % Rank
Stocks
46.54% 31.13% 94.26% 98.15%
Bonds
45.11% 0.00% 50.93% 1.54%
Preferred Stocks
3.28% 0.00% 11.93% 7.72%
Convertible Bonds
3.15% 0.00% 27.06% 6.17%
Cash
1.20% -9.04% 26.76% 77.47%
Other
0.72% -0.76% 12.41% 31.79%

Stock Sector Breakdown

Weighting Return Low Return High LMCLX % Rank
Financial Services
51.42% 0.00% 51.42% 0.62%
Basic Materials
18.23% 0.00% 18.23% 0.62%
Real Estate
11.61% 0.00% 66.67% 5.56%
Industrials
8.44% 0.00% 26.49% 83.33%
Consumer Defense
6.17% 0.00% 16.85% 86.11%
Consumer Cyclical
4.13% 0.00% 68.75% 93.83%
Utilities
0.00% 0.00% 18.90% 97.84%
Technology
0.00% 0.00% 57.97% 98.46%
Healthcare
0.00% 0.00% 35.76% 99.07%
Energy
0.00% 0.00% 25.23% 96.60%
Communication Services
0.00% 0.00% 16.93% 98.77%

Stock Geographic Breakdown

Weighting Return Low Return High LMCLX % Rank
US
32.52% 18.94% 84.44% 97.22%
Non US
14.02% 0.00% 38.51% 76.85%

Bond Sector Breakdown

Weighting Return Low Return High LMCLX % Rank
Corporate
97.72% 0.00% 99.97% 1.85%
Cash & Equivalents
2.28% 0.03% 100.00% 93.83%
Derivative
0.00% 0.00% 50.82% 84.26%
Securitized
0.00% 0.00% 43.44% 94.14%
Municipal
0.00% 0.00% 18.08% 89.81%
Government
0.00% 0.00% 75.80% 93.83%

Bond Geographic Breakdown

Weighting Return Low Return High LMCLX % Rank
US
45.11% 0.00% 45.11% 0.62%
Non US
0.00% -8.10% 11.35% 90.12%

LMCLX - Expenses

Operational Fees

LMCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.01% 3.97% 33.22%
Management Fee 0.70% 0.00% 1.67% 84.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.28% N/A

Sales Fees

LMCLX 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

LMCLX 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.

LMCLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 442.00% 79.74%

LMCLX - Distributions

Dividend Yield Analysis

LMCLX Category Low Category High LMCLX % Rank
Dividend Yield 0.00% 0.00% 6.32% 72.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

LMCLX Category Low Category High LMCLX % Rank
Net Income Ratio 5.89% -1.08% 6.39% 1.29%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

LMCLX - Fund Manager Analysis

Managers

Bill Miller


Start Date

Tenure

Tenure Rank

Feb 28, 2014

6.84

6.8%

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

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 40.02 6.49 1.0