FMI Large Cap Fund Investor Class
FMIHX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Wisconsin Avenue, Suite 2200 Milwaukee WI United States of America 53202
- IPO Date
- Dec 31, 2001
- CIK
- 0001023391
- Website
- fmimgt.com
- Similar Companies
- Business
- FMI Large Cap Fund Investor Class (FMIHX) is a no-load mutual fund that seeks long-term capital appreciation by investing primarily in a limited number of large capitalization value stocks of companies listed or traded on national securities exchanges or associations, including foreign securities via American Depositary Receipts (ADRs) or American Depositary Shares (ADSs); it normally invests at least 80% of its net assets in such large cap equities (over $5 billion market cap at purchase), with potential allocation to medium capitalization companies, emphasizing firms with strong market niches, recurring revenue, attractive returns on investment, and undervalued prices based on fundamental analysis. The fund offers Investor Class shares (FMIHX) with a net expense ratio of 0.84%, minimum initial investment of $1,000, and Institutional Class shares (FMIQX) with a lower expense ratio of 0.71% and $100,000 minimum; as of late 2025, it manages approximately $1.45 billion in total net assets, with a portfolio turnover rate of 14%, focusing on sectors like industrials, financial services, healthcare, and consumer cyclical through concentrated holdings such as Charles Schwab Corp., Berkshire Hathaway Inc., Booking Holdings Inc., and Alphabet Inc.. Launched on December 31, 2001, the fund is managed by Fiduciary Management, Inc. (FMI), an independent, 100% employee-owned investment adviser founded in 1980 and headquartered in Milwaukee, Wisconsin, which oversees $12.5 billion in assets under management across domestic and international equity strategies for institutions, individuals, and RIAs via separate accounts and FMI Funds, Inc. mutual funds including FMI Common Stock Fund, FMI International Fund, and FMI Global Fund. In April 2025, the fund initiated a new 2% position in Capital One Financial and sold its remaining 1.8% stake in Smith & Nephew, reflecting ongoing portfolio adjustments to optimize value potential amid market conditions; it distributed a dividend of $0.09 per share on December 14, 2025, contributing to a trailing twelve-month yield of about 0.57%. The fund operates principally in the U.S. market with exposure to non-U.S. stocks (around 13-16% of assets), targeting long-term investors tolerant of stock market volatility, value style risks, foreign securities fluctuations, and liquidity constraints.