Address And Details

One South Street, Suite 2550 , Baltimore, MD 21202
Fund Manager Bill Miller
Manager Tenure 17 Years 7 Months

Strategy And Objective

The Miller Opportunity Trust(the “Fund”) seeks long term growth of capital.The Fund normally invests in securities,derivatives and other financial instruments that,in the portfolio managers’ opinion,offer the opportunity forlong-term growth of capital.The portfolio managers exercise a flexible strategy in the selection of investments,not limited by investment style or asset class.The investment strategy typically involves identifying instances where the Adviser believes the capital markets have mispriced investment opportunities and exploiting price discrepancies and inefficiencies in the market.The Fund may invest without limit in the common stock of U.S.and foreign issuers of all sizes and in other U.S.and foreign securities,including emerging markets,and including: securities convertible into common stock; securities issued through private placements; preferred securities; warrants and rights; securities issued by investment companies,including open-end mutual funds,closed-end funds,unit investment trusts,business development companies (“BDCs”),private investment companies (including hedge funds and private equity funds),and foreign investment companies; U.S.government securities; securities issued by exchange-traded funds (“ETFs”);securities issued by real estate investment trusts (“REITs”) and other issuers that invest,deal,or otherwise engage in transactions in real estate;debt securities; sovereign debt; currencies; asset-backed and mortgage-backed securities; derivative instruments including options,futures,forward contracts, swaps (including buying and selling credit default swaps),caps, floors, collars,indexed securities,currency related derivatives;commodity-linked derivatives; and other instruments,including repurchase agreements.Further,the Fund may engage in short sales of securities and other instruments to a substantial degree.The Fund may also borrow money for investment purposes,in amounts up to 10% of the Fund’s net assets,a practice known as “leveraging.”Compliance with this percentage limit is measured as of the time of the borrowing.Although the portfolio managers consider ratings in determining whether securities convertible into common stock or debt securities are appropriate investments for the Fund,such securities may include investments rated below investment grade,commonly known as “junk” bonds,and unrated securities.

Net Asset Value

as of 5:06 PM ET 09/23/2021

Performance

  • 1 Week
  • +1.76%
  • 1 Month
  • +1.81%
  • 3 Months
  • -11.29%
  • 1 Yr Return
  • +53.84%
  • 5 Yr Return
  • +136.81%

Equity Sector Breakdown

RetailTrade 18.52%
Finance 17.60%
Health 13.92%
ConsumerDurables 11.27%
Technology 10.98%
Services 10.57%
IndustrialCyclical 5.72%
NonDurables 4.16%
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 101.96%
ForeignStocks 6.21%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.32 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -12.56 -8.12 -6.21
Beta 1.86 1.81 1.73
R Squared 0.82 0.79 0.75
Std Deviation 37.96 30.66 26.89
Sharpe Ratio 0.54 0.79 n/a

Purchase Information

as of 4:56 PM ET 09/22/2021
Minimum Initial $1000000
Minimum Additional $0
Minimum Initial IRA $1000000

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +40.23%
  • +87.35%
+40.23% +87.35%
3 Year
  • +13.52%
  • +22.65%
+13.52% +22.65%
10 Year
  • +18.84%
  • +17.38%
+18.84% +17.38%
Life Of Fund
  • +9.00%
  • +9.62%
+9.00% +9.62%

Top 10 Holdings

Symbol Company Name % Of Assets
DXC DXC TECHNOLOGY COMPANY 4.64%
FTCH FARFETCH LTD 3.54%
TEVA TEVA PHARMACEUTICAL SP ADR 3.51%
AMZN AMAZON COM INC 3.45%
OMF ONEMAIN HOLDINGS INC 3.39%
ADT ADT INC 3.13%
NCLH NORWEGIAN CRUISE LINE HOLDIN 3.07%
VRM VROOM INC 3.04%
QUOT QUOTIENT TECHNOLOGY INC 2.97%
BHC BAUSCH HEALTH COMPANIES INC 2.95%

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