Miller Opportunity Fund - Call Replay

As the novel coronavirus gripped the world, the markets responded with the swiftest correction in history. Increasing uncertainty and fear presented our managers with what Bill Miller called the fifth greatest buying opportunity of his lifetime.

On our recent quarterly call, our team discusses their perspective on the current state of the markets and how we use periods of heightened uncertainty to position the Miller Opportunity Fund for superior long-term performance.

Click the play button to listen to a replay of our 1Q 2020 investment team call.

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.

“You don’t get these kind of opportunities often. Who knows in the short term – in the next days or weeks or even months if that will look good. But I think if we’re sitting here in a year or two years, three years, five years, we’ll be looking at this, as Bill has said, as one of the great buying opportunities that we have in our life.”

– Samantha McLemore, CFA


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.

©2020 Miller Value Partners, LLC