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About Miller Value Partners Leverage ETF
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Inception date
Feb 28, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Miller Value Partners LLC
Distributor
Quasar Distributors LLC
ISIN
US00777X5538
MVPL seeks to capitalize on the S&P 500's propensity to increase in value over long-term horizons by opportunistically timing the use of leverage when conditions seem favorable. It typically invests in a single unleveraged or leveraged S&P 500 ETF at any given time, depending on signals from proprietary models. The adviser uses an adaptive, data-driven approach to determine the daily trading signal, considering price levels, price changes, valuation, correlations, interest rates, and volatility measures. On a leveraged position, the fund invests in an ETF that provides 2x the daily performance of the S&P 500 and expects to be invested for periods greater than one day. As a result, the fund will be subject to the risks of compounding, and its returns during this period can materially differ from that of the underlying ETF. The fund will not invest in a combination of unleveraged and leveraged ETFs at any time. Due to its strategy, the fund may engage in active and frequent trading.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF99.87%
Cash0.13%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
MVPL last dividends amounted to 2.06 USD. The year before, the issuer paid 0.01 USD in dividends, which shows a 99.72% increase.
MVPL assets under management is 20.65 M USD. It's risen 4.94% over the last month.
MVPL fund flows account for 10.71 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, MVPL pays dividends to its holders with the dividend yield of 0.02%. The last dividend (Dec 30, 2024) amounted to 2.07 USD. The dividends are paid annually.
MVPL shares are issued by Miller Value Partners LLC under the brand Miller. The ETF was launched on Feb 28, 2024, and its management style is Active.
MVPL expense ratio is 1.39% meaning you'd have to pay 1.39% of your investment to help manage the fund.
MVPL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
MVPL invests in funds.
MVPL price has risen by 3.95% over the last month, and its yearly performance shows a 16.26% increase. See more dynamics on MVPL price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 4.61% over the last month, showed a 14.29% increase in three-month performance and has increased by 21.76% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 4.61% over the last month, showed a 14.29% increase in three-month performance and has increased by 21.76% in a year.
MVPL trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.