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Miller Opportunity A LGOAX

Analyst rating as of
NAV / 1-Day Return
23.97  /  1.28 %
Total Assets
1.2 Bil
Adj. Expense Ratio
1.210%
Expense Ratio
1.210%
Fee Level
Above Average
Longest Manager Tenure
22.75 years
Category
Mid-Cap Blend
Investment Style
Mid Value
Min. Initial Investment
1,000
Status
Open
TTM Yield
0.00%
Turnover
55%

Morningstar’s Fund Analysis LGOAX

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Miller Opportunity's Longtime Manager Formalizes Succession Plan; Ratings Unchanged

Associate Director

Analyst Note

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Bill Miller, a legendary stock-picker whose career has spanned 50 years, has formalized his succession plan. Miller will hand over Miller Opportunity to current comanager Samantha McLemore but will stay on as comanager through 2022. Pending shareholder approval, the fund will shift from Miller Value Partners to Patient Capital Management, which McLemore established in 2020. After the transition, Miller will be a senior advisor and minority owner of Patient Capital Management and Miller Value Partners, where his son Bill Miller IV will continue to run Miller Income and will launch a related exchange-traded fund in 2022.

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