FMI International Fund

FMI International Fund

FMIJX
FMI International FundUS flagNASDAQ
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Capital Structure

FRC

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Business
FMI International Fund (FMIJX) 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 non-U.S. companies, typically holding 25-40 stocks across most major industry groups; it offers Investor Class (FMIJX) and Institutional Class (FMIYX) shares. The fund emphasizes good businesses at value prices, characterized by high recurring revenue, attractive returns on invested capital, above-average growth prospects, and low absolute and relative valuations; since inception, it has generally hedged a significant portion of its foreign equity investments against currency fluctuations to align returns more closely with underlying market performance rather than currency movements. Managed by Fiduciary Management, Inc. (FMI), all investment ideas are generated by the research team and overseen by FMI’s Portfolio Management Committee. FMI International Fund was launched on December 31, 2010, and is headquartered in Milwaukee, Wisconsin, the base of FMI, an independent money management firm founded in 1980 with approximately $12.7 billion in assets under administration as of September 30, 2025. The fund normally invests at least 65% of its assets in equity securities of non-U.S. companies with market capitalizations exceeding $5 billion at purchase, focusing on those with global operations rather than regionally limited businesses. It targets institutional and individual investors, including Registered Investment Advisors, through mutual fund shares available on platforms such as Fidelity Investments. Recent developments include the release of the Q3 2025 commentary for the FMI International Equity Portfolio (Unhedged), highlighting the strategy's performance and investment philosophy amid ongoing market conditions; as of late 2025, the fund reported year-to-date returns of approximately 7.89% for FMIJX, with a 10-year annualized return of 5.49%. No major acquisitions, partnerships, funding rounds, or structural reorganizations have been reported for the fund or its manager in the last 1-2 years, maintaining its consistent value-oriented approach without significant strategic shifts. The fund continues to operate without notable changes in share classes, hedging policy, or portfolio construction parameters.