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Economic uncertainty recently hit record highs—but is the tide turning? We're seeing signs of stabilization, and history says this could be a powerful setup for small cap value. In this video, Bill Miller IV, CIO and portfolio manager, and Dan Lysik, portfolio manager, breakdown: Why stretched valuations and index concentration mirror 1999-2000 How declining policy uncertainty and a falling dollar support a rotation into small caps Why Miller Income Fund and MVPA ETF are positioned for this moment The latest on Bitcoin regulation and how we gain crypto exposure without owning BTC directly � Did you know? Over 25% of the S&P 500 trades above 10x sales—and the top 5 stocks are now 30% of the index. Mean reversion is a real risk. Watch now to see why we think the next cycle may be led by overlooked, undervalued names. #markets #Investing #SmallCapValue #MVPA #Bitcoin #InterestRates #MacroOutlook #ValuationRisk #EconomicPolicy #IncomeInvesting #ETF #CryptoRegulation #MillerValuePartners Subscribe for more insights and market updates from Miller Value Partners! Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund’s Prospectus and Summary Prospectus, which may be obtained by visiting: https://etf.millervaluefunds.com/stat... https://millervaluefunds.com/content/... Read the Prospectus and Summary Prospectus carefully before investing. Investing involves risk, including loss of principal. Diversification does not assure a profit or protect against a loss in a declining market. Earnings growth is not a measure of the Fund’s future performance. Miller Value Funds are distributed by Quasar Distributors LLC. ©2025 Miller Value Partners LLC