Miller Income IS (LMCMX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.24
0.00 (0.00%)
Sep 5, 2025, 4:00 PM EDT
Fund Assets180.34M
Expense Ratio0.91%
Min. Investment$1,000
Turnover38.00%
Dividend (ttm)0.48
Dividend Yield5.15%
Dividend Growth11.11%
Payout FrequencyQuarterly
Ex-Dividend DateJun 26, 2025
Previous Close9.24
YTD Return6.70%
1-Year Return16.67%
5-Year Return85.36%
52-Week Low7.21
52-Week High9.32
Beta (5Y)n/a
Holdings39
Inception DateFeb 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.

Fund Family Miller Value Funds
Category Allocation--70% to 85% Equity
Stock Exchange NASDAQ
Ticker Symbol LMCMX
Share Class Class Is
Index ICE BofA US High Yield TR USD

Performance

LMCMX had a total return of 16.67% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.15%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
LMCLXClass I0.97%
LMCJXClass A1.23%
LMCKXClass Fi1.32%
LCMNXClass C1.98%

Top 10 Holdings

50.22% of assets
NameSymbolWeight
Bread Financial Holdings, Inc.BFH6.75%
UGI CorporationUGI6.36%
Lincoln National CorporationLNC5.38%
Jackson Financial Inc.JXN5.24%
Verizon Communications Inc.VZ5.12%
OneMain Holdings, Inc.OMF5.08%
British American Tobacco PLCBATS4.77%
CTO Realty Growth, Inc.CTO4.12%
Western Alliance BancorporationWAL3.72%
Strategy IncMSTR3.68%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 26, 2025$0.13823Jun 26, 2025
Mar 27, 2025$0.11156Mar 27, 2025
Dec 27, 2024$0.09278Dec 27, 2024
Sep 26, 2024$0.13329Sep 26, 2024
Jun 27, 2024$0.12458Jun 27, 2024
Mar 28, 2024$0.12419Mar 28, 2024
Full Dividend History