Miller Income Fund (LMCLX)

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The chart shows the growth of an initial investment of $10,000 in Miller Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Miller Income Fund (LMCLX) has returned 1.43% so far this year and 15.82% over the past 12 months. Over the last ten years, LMCLX has returned 9.37% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 5, 2014, LMCLX's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, your investment would double in approximately 8.9 years.

Historically, 54% of months were positive and 46% were negative. The best month was Nov 2020 with a return of +13.9%, while the worst month was Mar 2020 at -32.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, LMCLX closed higher 51% of trading days. The best single day was Mar 25, 2020 with a return of +6.7%, while the worst single day was Mar 9, 2020 at -9.8%.

Miller Income Fund has an annualized alpha of -1.17%, beta of 0.73, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 06, 2014.

• This fund participated in 110.02% of S&P 500 Index downside but only 89.21% of its upside — more exposed to losses than it benefited from rallies.

LMCLX has a high expense ratio of 0.96%, indicating above-average management fees.

LMCLX ranks 38 for risk / return — below 38% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Miller Income Fund (LMCLX) and compare them to a chosen benchmark (S&P 500 Index).

Miller Income Fund provided a 3.54% dividend yield over the last twelve months, with an annual payout of $0.33 per share.

The table displays the monthly dividend distributions for Miller Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Miller Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Miller Income Fund was 44.81%, occurring on Mar 23, 2020. Recovery took 206 trading sessions.

The current Miller Income Fund drawdown is 5.06%.

The chart below shows the rolling one-month volatility.