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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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Finance
Retail Trade
Stocks97.38%
Technology Services23.56%
Finance20.85%
Retail Trade14.14%
Commercial Services7.24%
Consumer Services7.17%
Consumer Non-Durables5.11%
Industrial Services4.83%
Transportation3.45%
Health Technology2.85%
Distribution Services2.64%
Consumer Durables2.19%
Energy Minerals1.85%
Non-Energy Minerals1.52%
Bonds, Cash & Other2.62%
Miscellaneous2.41%
Cash0.18%
Rights & Warrants0.04%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MVPA invests in stocks. The fund's major sectors are Technology Services, with 23.56% stocks, and Finance, with 20.85% of the basket. The assets are mostly located in the North America region.
MVPA top holdings are Alphabet Inc. Class A and Bread Financial Holdings, Inc., occupying 6.66% and 6.05% of the portfolio correspondingly.
MVPA last dividends amounted to 0.06 USD. The year before, the issuer paid 0.26 USD in dividends, which shows a 339.88% decrease.
MVPA assets under management is 70.01 M USD. It's fallen 1.45% over the last month.
MVPA fund flows account for 9.81 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.
Yes, MVPA pays dividends to its holders with the dividend yield of 0.75%. The last dividend (Dec 30, 2024) amounted to 0.32 USD. The dividends are paid annually.
MVPA shares are issued by Miller Value Partners LLC under the brand Miller. The ETF was launched on Jan 30, 2024, and its management style is Active.
MVPA expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
MVPA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MVPA invests in stocks.
MVPA price has risen by 4.98% over the last month, and its yearly performance shows a 12.39% increase. See more dynamics on MVPA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 5.88% over the last month, showed a 6.24% increase in three-month performance and has increased by 2.51% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 5.88% over the last month, showed a 6.24% increase in three-month performance and has increased by 2.51% in a year.
MVPA trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.