Miller Income Fund (LMCLX)
The investment seeks to provide a high level of income while maintaining the potential for growth. Under normal market conditions, the fund will invest without limit primarily in cash distributing equity, and equity-like securities, fixed income securities, derivatives, and other financial instruments of issuers located anywhere in the world. It can invest without limit in foreign securities in any country, including countries with developing or emerging markets.
Fund Info
US89832P3901
89832P390
Feb 27, 2014
$1,000,000
Small-Cap
Value
Expense Ratio
LMCLX has a high expense ratio of 0.96%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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.
Returns By Period
Miller Income Fund had a return of 4.38% year-to-date (YTD) and 33.99% in the last 12 months. Over the past 10 years, Miller Income Fund had an annualized return of 6.58%, while the S&P 500 had an annualized return of 11.29%, indicating that Miller Income Fund did not perform as well as the benchmark.
LMCLX
4.38%
1.68%
16.77%
33.99%
8.23%
6.58%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of LMCLX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.34% | 4.38% | |||||||||||
| 2024 | -2.11% | 5.17% | 8.77% | -4.72% | 5.76% | -1.85% | 7.99% | -0.24% | 1.18% | 3.54% | 9.43% | -5.51% | 29.27% |
| 2023 | 8.72% | -4.43% | -6.87% | 0.00% | -5.39% | 9.32% | 8.89% | -3.44% | -2.84% | -4.18% | 6.95% | 9.61% | 14.86% |
| 2022 | -3.28% | -5.76% | -1.37% | -6.65% | 1.85% | -13.16% | 3.79% | -0.88% | -9.69% | 9.80% | 5.90% | -3.67% | -22.76% |
| 2021 | 6.94% | 4.49% | 5.03% | 1.38% | 3.19% | 5.35% | -0.74% | 1.07% | -2.73% | 3.43% | -3.85% | 2.88% | 29.14% |
| 2020 | -2.17% | -7.38% | -32.06% | 12.10% | 5.03% | 3.89% | 4.19% | 4.18% | -0.50% | -1.73% | 13.94% | 6.73% | -2.81% |
| 2019 | 11.82% | 0.00% | -1.08% | 3.08% | -6.23% | 4.06% | 2.48% | -3.43% | 3.78% | -1.29% | 3.01% | 7.64% | 25.07% |
| 2018 | 2.48% | -2.88% | -0.48% | 3.28% | 5.54% | 2.65% | 3.54% | -3.10% | 0.04% | -6.75% | -0.24% | -11.11% | -8.00% |
| 2017 | 4.21% | 5.51% | -1.82% | 1.57% | -2.02% | 4.03% | 0.83% | -1.30% | 4.31% | 0.47% | -1.86% | 2.26% | 16.99% |
| 2016 | -7.89% | -0.43% | 7.64% | 0.28% | 3.32% | 1.24% | 6.09% | 0.51% | 1.10% | -1.28% | 4.93% | -1.19% | 14.26% |
| 2015 | -1.38% | 7.53% | -0.68% | 1.02% | -1.11% | -5.04% | -2.30% | -6.94% | -4.98% | 1.29% | -0.77% | -1.45% | -14.50% |
| 2014 | -0.20% | -0.20% | 2.62% | 3.04% | -2.21% | 3.54% | -4.71% | 1.52% | -0.70% | -2.88% | -0.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 87, LMCLX is among the top 13% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Miller Income Fund (LMCLX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Miller Income Fund provided a 5.10% dividend yield over the last twelve months, with an annual payout of $0.46 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.46 | $0.47 | $0.42 | $0.51 | $0.45 | $0.62 | $0.66 | $0.68 | $0.67 | $0.63 | $0.51 |
Dividend yield | 5.10% | 5.32% | 6.61% | 6.35% | 5.52% | 6.05% | 7.51% | 9.22% | 7.98% | 8.54% | 8.41% | 5.38% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.46 |
| 2023 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.47 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.42 |
| 2021 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.11 | $0.51 |
| 2020 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.45 |
| 2019 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.15 | $0.62 |
| 2018 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.66 |
| 2017 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.68 |
| 2016 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.16 | $0.67 |
| 2015 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.63 |
| 2014 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.24 | $0.51 |
Drawdowns
Drawdowns Chart
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.
Worst Drawdowns
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 2.00%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -44.81% | Jan 23, 2020 | 42 | Mar 23, 2020 | 206 | Jan 14, 2021 | 248 |
| -34.66% | Nov 10, 2021 | 223 | Sep 29, 2022 | 453 | Jul 22, 2024 | 676 |
| -34.44% | Apr 17, 2015 | 208 | Feb 11, 2016 | 259 | Feb 22, 2017 | 467 |
| -22.29% | Aug 1, 2018 | 101 | Dec 24, 2018 | 256 | Dec 31, 2019 | 357 |
| -10.4% | Sep 2, 2014 | 75 | Dec 16, 2014 | 81 | Apr 15, 2015 | 156 |
Volatility
Volatility Chart
The current Miller Income Fund volatility is 3.10%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.