Board/Beta Book/MVPA

MVPA

Miller Value Partners Appreciation ETF

Miller Value Partners · $67.6m in assets, October 8, 2026

An actively managed ETF: Miller Value Partners holds about 20 to 40 stocks of any size that it judges attractive over a multi-year horizon.

MVPA, the Miller Value Partners Appreciation ETF ($68 million), sits in StoryVector’s Beta Book: a manager chooses its holdings without a stated theme. It carries no market story, so it is not ranked against one. Over the past year it returned −0.5%, against +16.8% for broad US ETFs. Figures to October 2, 2026; past performance, not a recommendation.

MVPA · the ETFFRI OCT 2Market price total return
+14.2% a yearTotal return since launch, January 2024
−0.5%Last 12 months
+4.3%Year to date
22.3%Volatility since launch

Checked, and added to the Beta Book

A manager chooses its holdings without a stated theme.

Mandate
Discretionary →
Last checked
September 8, 2026

We check every ETF against the 22 narratives. This one follows the market, a factor or a manager’s choices rather than a story, so it has no narrative and no Share of Narrative. See the narratives on the board → · See the whole Beta Book →

FRI OCT 2MARKET PRICE TOTAL RETURN

1M3MYTD1Y3Y*5Y*
MVPA−7.2%+2.2%+4.3%−0.5%––
The marketbroad US ETFs+0.8%+2.6%+14.6%+16.8%+22.9%+12.9%

1M, 3M, 1Y, 3Y, 5Y: one month to five years. YTD: year to date. * A year, annualised. A dash means the ETF has not traded for the whole period. Since it started trading on January 31, 2024: +14.2% a year.

$10,000 invested January 31, 2024

MVPA $14,248The market $16,334
$10,000$20,000Jan 2024Jan 2025Jan 2026$10,000$20,000Jan 2024Jan 2026

Year by year

MVPAThe market
-10%0%10%20%MVPA 2025: -2.9%The market 2025: +16.8%2025MVPA YTD: +4.3%The market YTD: +14.6%YTD-10%0%10%20%MVPA 2025: -2.9%The market 2025: +16.8%2025MVPA YTD: +4.3%The market YTD: +14.6%YTD

Total return in each calendar year; this year is year to date. A year appears only if MVPA traded for all of it.

Total return on the market price, with each distribution reinvested on its ex-date. Not the NAV return the issuer publishes; the two differ when the ETF trades above or below the value of its holdings. The market is the asset-weighted return of broad US index ETFs. Past performance is no guarantee of future results.

Common questions

Why does MVPA have no story?

A manager chooses its holdings without a stated theme.

How has MVPA performed?

MVPA returned −0.5% over the past year, against +16.8% for broad US ETFs, to October 2, 2026. Past performance only.

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Narrative figures are from the weekly board. Performance is market price total return as of October 2, 2026. Assets are StoryVector’s weekly figure. Classification and measurement. Not investment advice. How the measurement works →