Miller Income IS (LMCMX)
| Fund Assets | 180.34M |
| Expense Ratio | 0.91% |
| Min. Investment | $1,000,000 |
| Turnover | 38.00% |
| Dividend (ttm) | 0.48 |
| Dividend Yield | 5.14% |
| Dividend Growth | 11.11% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 26, 2025 |
| Previous Close | 9.32 |
| YTD Return | 6.81% |
| 1-Year Return | 20.38% |
| 5-Year Return | 85.00% |
| 52-Week Low | 7.21 |
| 52-Week High | 9.32 |
| Beta (5Y) | n/a |
| Holdings | 39 |
| Inception Date | Feb 28, 2014 |
About LMCMX
Miller Income Fund Institutional Shares is a diversified mutual fund designed to provide a high level of income while maintaining the potential for capital growth. Managed by Miller Value Partners, the fund takes a flexible, actively managed approach, primarily investing in undervalued income-generating securities across a spectrum of asset classes. Its portfolio consists predominantly of equities and preferred shares, with a smaller allocation to bonds, enabling broad sector exposure that includes financial services, utilities, healthcare, real estate, energy, and communication services. The fund targets companies trading below their intrinsic value, seeking to balance attractive yield opportunities with the potential for long-term capital appreciation over a 3–5-year horizon. Its sector allocation and ability to invest in both equity and fixed income aim to offer diversification within income-oriented portfolios. With a history of substantial yields and a distribution fee level above average, Miller Income Fund Institutional Shares serves investors interested in an actively managed solution for income generation and diversification across market cycles.
Performance
LMCMX had a total return of 20.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.15%.
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 | $0.13823 | Jun 26, 2025 |
| Mar 27, 2025 | $0.11156 | Mar 27, 2025 |
| Dec 27, 2024 | $0.09278 | Dec 27, 2024 |
| Sep 26, 2024 | $0.13329 | Sep 26, 2024 |
| Jun 27, 2024 | $0.12458 | Jun 27, 2024 |
| Mar 28, 2024 | $0.12419 | Mar 28, 2024 |