Miller Income Fund Class A (LMCJX)

Overview

This fund operates with a primary focus on the long-term growth of capital. Managed by portfolio managers who utilize a flexible investment strategy, it is not confined by any particular investment style or asset class. This flexibility allows it to invest in a broad range of securities, including both U.S. and foreign companies of all sizes, as well as other types of U.S. and foreign securities. The fund is characterized by its willingness to employ strategies such as leveraging, where it may borrow money for investment purposes up to an amount equal to 10% of its net assets at the time of borrowing. Despite the broad scope of its investment strategy, it is classified as non-diversified, meaning it may concentrate its investments more than a diversified fund might.

Products and Services

• Flexible Investment Strategy

  The fund distinguishes itself by employing a flexible investment strategy not limited by investment style or asset class. This enables the fund to adapt to varying market conditions and to seek out the best opportunities for long-term growth of capital, irrespective of the market segment or geographical location of the investments.

• U.S. and Foreign Securities

  Investments span across the common stock of U.S. and foreign issuers, including companies of all sizes. This broadens the investment horizon of the fund, giving it access to a wide array of growth opportunities in various sectors and regions around the world. This approach not only diversifies the investment portfolio but also allows for the potential tapping into emerging markets and industries.

• Leveraging for Investment Purposes

  The fund has the capability to borrow money for investment purposes, a practice known as leveraging. This can be up to 10% of the fund's net assets measured at the time of borrowing. By doing so, the fund aims to amplify its investment capacity and potential returns. However, it's important to note that leveraging also increases the risk of loss.

• Non-Diversified Fund Structure

  Though it invests in a wide range of securities, the fund is classified as non-diversified. This means it has the freedom to concentrate its investments in fewer securities than a diversified fund. While this could potentially lead to higher returns if those investments perform well, it also involves a higher risk, as the portfolio may be more susceptible to the performance of individual investments.