C000175525 Performance — Miller Income Fund, Class I
Data updated: 2024-02-29
C000175525 returned +13.86% over one year to Dec 2023. The annualised 3-year return is +4.34%. The fund trailed its US Small Value category average: $100 invested three years ago grew to $114, against $133 for the category, and to $114 over one year, against $116. Volatility over the past three years was 20.18% a year. In the 12 months to Dec 2023 the fund took in a net $63.9M, and assets reached $147.65M.
C000175525 Growth of $100
What $100 invested in Miller Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | C000175525 | Category average |
|---|---|---|
| 1 year (Jan 2023 – Dec 2023) | $114 | $116 |
| 3 years (Jan 2021 – Dec 2023) | $114 | $133 |
| Since data start (Jul 2019 – Dec 2023) | $124 | $153 |
C000175525 Trailing Returns
Total returns to Dec 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +13.86% |
| 3 years (annualised) | +4.34% |
C000175525 Annual Returns
Calendar-year total returns of Miller Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 | +13.86% |
| 2022 | −22.72% |
| 2021 | +29.11% |
| 2020 | −2.78% |
| 2019 (Jul–Dec) | +12.42% |
C000175525 Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +8.7% | −4.4% | −6.9% | 0.0% | −5.4% | +9.3% | +8.9% | −3.4% | −2.9% | −4.2% | +7.0% | +8.7% |
| 2022 | −3.3% | −5.8% | −1.4% | −6.7% | +1.8% | −13.2% | +3.8% | −0.9% | −9.7% | +9.8% | +5.9% | −3.7% |
| 2021 | +6.9% | +4.5% | +5.0% | +1.4% | +3.2% | +5.3% | −0.7% | +1.1% | −2.7% | +3.4% | −3.9% | +2.9% |
| 2020 | −2.2% | −7.4% | −32.0% | +12.1% | +5.0% | +3.9% | +4.2% | +4.2% | −0.5% | −1.7% | +13.9% | +6.7% |
| 2019 | — | — | — | — | — | — | +2.5% | −3.4% | +3.8% | −1.3% | +3.0% | +7.6% |
C000175525 Risk
Risk measures from monthly returns over Jan 2021 – Dec 2023.
- 3-year volatility (annualised): 20.18%
- 3-year Sharpe ratio: -0.01 (vs 4.5% risk-free rate)
- Best month: +9.80% (Oct 2022)
- Worst month: −13.15% (Jun 2022)
C000175525 Fund Flows
Monthly money in and out of Miller Income Fund, from SEC Form N-PORT.
- 12-month net flow: $63.9M
- 12-month gross sales (incl. reinvestments): $16.0M
- Sales ÷ redemptions: -0.33×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2023 | $2.6M | −$4.4M | $7.0M |
| Nov 2023 | $628K | −$2.4M | $3.0M |
| Oct 2023 | $387K | −$2.2M | $2.5M |
| Sep 2023 | $2.4M | −$1.3M | $3.6M |
| Aug 2023 | $552K | −$3.2M | $3.8M |
| Jul 2023 | $261K | −$1.6M | $1.9M |
| Jun 2023 | $2.6M | −$4.5M | $7.1M |
| May 2023 | $1.4M | −$7.0M | $8.4M |
| Apr 2023 | $534K | −$3.9M | $4.4M |
| Mar 2023 | $3.2M | −$4.0M | $7.2M |
| Feb 2023 | $719K | −$11.8M | $12.5M |
| Jan 2023 | $805K | −$1.7M | $2.5M |
C000175525 Assets Under Management
Net assets of Miller Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-12-31 | $147.65M |
| 2023-09-30 | $139.54M |
| 2023-06-30 | $141.18M |
| 2023-03-31 | $150.07M |
| 2022-12-31 | $169.88M |
| 2022-09-30 | $158.35M |
| 2022-06-30 | $181.95M |
| 2022-03-31 | $222.56M |
| 2021-12-31 | $257.23M |
| 2021-09-30 | $256.32M |
| 2021-06-30 | $265.64M |
| 2021-03-31 | $239.84M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.