MVPA – Miller Value Ptnrs Appreciation ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation. The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the Adviser) believes have an above-average probability of outperforming the S&P 500® Index (the S&P 500) over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
MVPA	Miller Value Ptnrs Appreciation ETF	ETF	Open	—		Jan 30, 2024	$68.42M	0.600%	—	—	−$1.53M

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