Key stats
About Miller Value Partners Appreciation ETF
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Inception date
Jan 30, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Miller Value Partners LLC
Distributor
Quasar Distributors LLC
ISIN
US00777X5611
MVPA aims to beat the S&P 500 over a multi-year time horizon by holding 20 to 40 stocks deemed undervalued and likely to generate returns. The adviser gauges possible outcomes from various scenarios through a model to determine intrinsic values by projecting future free cash flows and asset values. During market dislocations, the fund seizes opportunities presented by compelling businesses facing pressure, allowing for a shift in capital appreciation. Key considerations include a company's capital allocation, business strategy, and stakeholder alignment, influencing the dynamic weighting of each portfolio position based on risk-adjusted return assessments. The fund may exhibit a high active share, leading to potential volatility, as its performance can significantly differ from the S&P 500. While sector diversification is not a primary objective, the fund extends to emerging markets and may leverage opportunities within regulatory constraints.
Related funds
Classification
What's in the fund
Exposure type
Finance
Technology Services
Retail Trade
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
MVPA trades at 34.95 USD today, its price has fallen −0.01% in the past 24 hours. Track more dynamics on MVPA price chart.
MVPA net asset value is 34.88 today — it's fallen 0.80% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
MVPA assets under management is 70.03 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
MVPA price has fallen by −0.95% over the last month, and its yearly performance shows a 9.20% increase. See more dynamics on MVPA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −0.80% over the last month, have fallen by −0.80% over the last month, showed a 0.39% increase in three-month performance and has increased by 1.68% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −0.80% over the last month, have fallen by −0.80% over the last month, showed a 0.39% increase in three-month performance and has increased by 1.68% in a year.
MVPA fund flows account for 8.61 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
MVPA invests in stocks. See more details in our Analysis section.
MVPA expense ratio is 0.60%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, MVPA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, MVPA technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MVPA shows the buy signal. See more of MVPA technicals for a more comprehensive analysis.
Today, MVPA technical analysis shows the neutral rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating MVPA shows the buy signal. See more of MVPA technicals for a more comprehensive analysis.
Yes, MVPA pays dividends to its holders with the dividend yield of 0.75%.
MVPA trades at a premium (0.23%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
MVPA shares are issued by Miller Value Partners LLC
MVPA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Jan 30, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.