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.
Fund Family Miller Value Funds
Category Allocation--70% to 85% Equity
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol LCMNX
Share Class Class C
Index ICE BofA US High Yield TR USD
LCMNX had a total return of 16.45% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.97%.
