The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the “Adviser”) believes have an above-average probability of outperforming the S&P 500 Index (the “S&P 500”) over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.

Consumer Cyclical

Financial Services

Industrials

Energy

Communication Services

Technology

Real Estate

Healthcare

Consumer Defensive

Miller Value Partners Appreciation ETF

MVPA Holdings & Sector Breakdown

MVPA Holdings & Sector Breakdown