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Miller Opportunity FI LMOFX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
47.23  /  0.04 %
Total Assets
2.7 Bil
Adj. Expense Ratio
1.350%
Expense Ratio
1.350%
Fee Level
High
Longest Manager Tenure
21.57 years
Category
Mid-Cap Blend
Investment Style
Mid Value
Min. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
64%

USD | NAV as of Jul 23, 2021 | 1-Day Return as of Jul 23, 2021, 10:18 PM GMT+00:00

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Morningstar’s Analysis

Will LMOFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LMOFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the LMOFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

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The Parent Pillar is our rating of LMOFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Miller Opportunity Files to Amend Prospectus to Allow Purchase of Bitcoin ETF

Senior Analyst

Analyst Note

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Miller Opportunity has filed a request to amend its prospectus so that it may invest indirectly in bitcoin through the Grayscale Bitcoin Trust GBTC. The fund would be allowed to invest up to 15% of assets in Grayscale. Comanager Bill Miller has long been a believer in bitcoin's potential. He previously owned it in a privately managed version of this strategy.

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