Miller Income Fund (LCMNX)
| Fund Assets | 180.34M |
| Expense Ratio | 1.98% |
| Min. Investment | $1,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 3.34% |
| Dividend Growth | -10.68% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 26, 2025 |
| Previous Close | 9.34 |
| YTD Return | 7.23% |
| 1-Year Return | 17.13% |
| 5-Year Return | 78.24% |
| 52-Week Low | 7.26 |
| 52-Week High | 9.39 |
| Beta (5Y) | n/a |
| Holdings | 39 |
| Inception Date | Feb 28, 2014 |
About LCMNX
Miller Income Fund Class C is an actively managed mutual fund designed to deliver a high level of income with a secondary objective of capital growth. Guided by Miller Value Partners and launched in 2014, the fund adopts a moderately aggressive allocation approach, primarily investing in undervalued, income-generating securities. Its portfolio is diversified across equities—such as those in financial services, communication services, utilities, healthcare, real estate, and energy—as well as a smaller allocation to bonds. Notable holdings include large, dividend-paying companies like AT&T and Bread Financial Holdings. The fund is characterized by a flexible strategy that adapts to changing market opportunities, targeting securities with both high yield and potential for appreciation over a three to five-year horizon. Income-seeking investors can benefit from the fund's focus on generating yield through assets trading below their intrinsic value, while also gaining exposure to a broad mix of sectors. The fund's structure includes a higher expense ratio and a contingent deferred sales charge for Class C shares, reflecting its active management and level-load share class design.
Performance
LCMNX had a total return of 17.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.09%.
Top 10 Holdings
50.22% of assets| Name | Symbol | Weight |
|---|---|---|
| Bread Financial Holdings, Inc. | BFH | 6.75% |
| UGI Corporation | UGI | 6.36% |
| Lincoln National Corporation | LNC | 5.38% |
| Jackson Financial Inc. | JXN | 5.24% |
| Verizon Communications Inc. | VZ | 5.12% |
| OneMain Holdings, Inc. | OMF | 5.08% |
| British American Tobacco PLC | BATS | 4.77% |
| CTO Realty Growth, Inc. | CTO | 4.12% |
| Western Alliance Bancorporation | WAL | 3.72% |
| Strategy Inc | MSTR | 3.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2025 | $0.06784 | Jun 26, 2025 |
| Mar 27, 2025 | $0.08777 | Mar 27, 2025 |
| Dec 27, 2024 | $0.06839 | Dec 27, 2024 |
| Sep 26, 2024 | $0.088 | Sep 26, 2024 |
| Jun 27, 2024 | $0.10373 | Jun 27, 2024 |
| Mar 28, 2024 | $0.10424 | Mar 28, 2024 |