Miller Income Opportunity Trust

[tiddman]

Bill Miller has started a new fund, with his son (Bill Miller IV) as an assistant manager.  The fund is focused on income, it sounds like a multi-strategy fund looking at equities, bonds, REIT's, BDC's, MBS, mortgage instruments, etc.

 

http://www.sec.gov/Archives/edgar/data/1474103/000119312513473423/d642829d485apos.htm

 

It just started trading a couple of days ago so not much information is available, such as holdings. I am curious to know what he is buying.

 

Fairholme has an income-focused fund as well (FOCIX), though the holdings are basically the debt securities of the equities that they hold in other funds, and about 2/3 cash.