FMI International Fund II - Currency Unhedged Institutional Class (FMIFX)

Fund Assets	48.96M
Expense Ratio	0.876%
Min. Investment	$100,000
Turnover	22.00%
Dividend (ttm)	0.48
Dividend Yield	2.01%
Dividend Growth	-0.83%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	23.54
YTD Return	5.80%
1-Year Return	6.85%
5-Year Return	26.49%
52-Week Low	20.53
52-Week High	25.29
Beta (5Y)	0.82
Holdings	30
Inception Date	n/a

About FMIFX

FMI International Fund II - Currency Unhedged Institutional Class is a mutual fund focused on achieving long-term capital appreciation by investing primarily in a select group of large capitalization value stocks issued by non-U.S. companies. Managed by Fiduciary Management, Inc., the fund emphasizes fundamental research to identify businesses with attributes such as strong recurring revenues and attractive returns on invested capital. The fund's strategy is characterized by a disciplined approach to valuation, favoring companies with above-average growth prospects or improving profitability, while maintaining a preference for low absolute and relative valuations. Typically holding between 25 and 40 stocks, the fund ensures broad industry representation within developed international markets, with minimal exposure to U.S. equities. The institutional class offers an expense ratio competitive with its peers and is designed for investors seeking international equity exposure without currency hedging, allowing portfolio returns to fully reflect foreign exchange movements alongside underlying asset performance. This fund plays a significant role for institutions and investors aiming to diversify globally with a value-oriented international strategy.

• Fund Family: FMI Funds
• Category: Foreign Large Blend
• Performance Rating: Low
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FMIFX
• Share Class: Institutional Class

Performance

FMIFX had a total return of 6.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.47%.

Top 10 Holdings

45.19% of assets

Name	Symbol	Weight
Booking Holdings Inc.	BKNG	6.47%
Informa PLC	INF	5.28%
Fluidra SA	FDR	4.63%
Techtronic Industries Co Ltd	669	4.56%
Smurfit Westrock Plc	SW	4.37%
Unilever PLC	ULVR	4.35%
Ryanair Holdings plc	RYAAY	4.09%
Howden Joinery Group PLC	HWDN	3.97%
IMCD NV	IMCD	3.82%
Siemens AG	SIE	3.66%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$1.36483	Dec 19, 2025
Dec 20, 2024	$0.48378	Dec 20, 2024
Dec 15, 2023	$0.31763	Dec 15, 2023
Dec 16, 2022	$0.24679	Dec 16, 2022
Dec 17, 2021	$0.94979	Dec 17, 2021
Dec 18, 2020	$0.17554	Dec 18, 2020

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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