Miller Value Partners Appreciation ETF

Miller Value Partners Appreciation ETF is an actively managed exchange-traded fund designed to seek long-term capital appreciation through a concentrated portfolio of U.S. and global equities. The fund focuses on companies that the adviser believes are undervalued relative to their intrinsic value, using a bottom-up, fundamental approach rather than tracking a benchmark. Its holdings span a range of market capitalizations and include businesses in sectors such as consumer discretionary, financial services, technology, industrials, and real estate. The ETF is built for investors looking for diversified equity exposure with an emphasis on value opportunities and active security selection. Miller Value Partners Appreciation ETF plays a niche role in the market as a rules-light, research-driven portfolio that reflects the manager’s best ideas across multiple industries and business models.