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
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol LMCMX
Share Class Class Is
Index ICE BofA US High Yield TR USD
LMCMX had a total return of 29.48% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.63%.
