Miller Opportunity Fund - Call Replay

The market sharply reversed to an upward trend in the second quarter of 2020. While many investors scratch their heads at the seeming disconnect between the market and the economy, Bill Miller reminds us that the market predicts the economy, not the other way around.

On our recent quarterly call, our team discussed why we still see return potential in the portfolio. As portfolio managers, we are constantly evaluating the opportunities presented by the market conditions. We stay true to our approach through these sometimes extreme changes with our eye always on the goal to deliver long-term outperformance.

Click the play button to listen to a replay of our discussion of the second quarter.

Bill Miller, CFA
Chief Investment Officer

Samantha McLemore, CFA
Portfolio Manager

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The Miller Opportunity Fund is a value-oriented, active US Equity Fund positioned for a market recovery. Submit your information and we’ll be in touch to discuss how the Fund can add long-term return potential to an equity portfolio.


FOR INSTITUTIONAL USE ONLY. This information is not for use within any country or with respect to any person(s) where such use could constitute a violation of the applicable law.

No investment decisions should be made without first reviewing the prospectus for the Primo UCITS Platform ICAV, the supplement for the Fund and the key investor information document (“KIID’’) for the Share Class, which can be obtained free of charge from http://carnegroup.com.

The Prospectus for the ICAV and the supplement for the Fund are available in English only. The KIID for the Premier Class (USD/Accumulating) is available in French, Dutch, Norwegian, Finnish, German, Italian, English, Danish, Spanish, and Swedish.

The Fund may invest directly and/or indirectly in equity securities, debt securities, and currencies. There can be no assurance that the Fund will achieve its stated objectives. Comparison to the S&P 500 is for reference purposes only. The S&P 500 is a market capitalisation-weighted index of 500 widely held common stocks. The Fund has significant active share, which is a measure of the percentage of stock holdings in a manager’s portfolio that differs from the benchmark index. The Fund may experience significant volatility. There is no guarantee that investors will get back the full amount invested. The value of any investment may increase or decrease over time.

The views expressed in this report reflect those of Miller Value Partners portfolio manager(s) as of the date of the report. Any views are subject to change at any time based on market or other conditions, and Miller Value Partners disclaims any responsibility to update such views. The information presented should not be considered a recommendation to purchase or sell any security and should not be relied upon as investment advice. It should not be assumed that any purchase or sale decisions will be profitable or will equal the performance of any security mentioned. Past performance is no guarantee of future results.

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