FMI Large Cap Fund Institutional Class (FMIQX)

Fund Assets	1.10B
Expense Ratio	0.71%
Min. Investment	$100,000
Turnover	23.00%
Dividend (ttm)	2.14
Dividend Yield	14.50%
Dividend Growth	9.71%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	14.74
YTD Return	11.08%
1-Year Return	7.69%
5-Year Return	40.02%
52-Week Low	12.36
52-Week High	15.77
Beta (5Y)	0.92
Holdings	25
Inception Date	Oct 31, 2016

About FMIQX

FMI Large Cap Fund Institutional Class is a no-load mutual fund designed to provide long-term capital appreciation by investing primarily in large capitalization value stocks. Managed by Fiduciary Management, Inc., the fund follows a disciplined strategy focused on selecting a limited number of high-quality businesses—typically holding around 20 to 30 stocks—whose shares are considered undervalued relative to their intrinsic worth. Companies targeted often exhibit attractive characteristics such as high recurring revenues and robust returns on invested capital. The fund emphasizes industries with strong fundamentals and seeks businesses with above-average growth or improving profitability prospects. With an expense ratio of 0.70% and a minimum investment requirement of $100,000, the institutional class aims to deliver above-average performance while maintaining below-average risk, making it a distinctive choice for investors seeking diversified exposure to established, value-oriented large-cap equities.

• Fund Family: FMI Funds
• Category: Large Blend
• Performance Rating: Low
• Risk Rating: Below Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FMIQX
• Share Class: Institutional Class
• Index: S&P 500 TR

Performance

FMIQX had a total return of 7.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.81%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FMIHX	Investor Class	0.84%

Top 10 Holdings

53.82% of assets

Name	Symbol	Weight
The Charles Schwab Corporation	SCHW	6.87%
Booking Holdings Inc.	BKNG	6.51%
CDW Corporation	CDW	6.46%
Aramark	ARMK	5.44%
Ferguson Enterprises Inc.	FERG	5.34%
Avery Dennison Corporation	AVY	5.02%
Capital One Financial Corporation	COF	4.98%
Carrier Global Corporation	CARR	4.57%
UnitedHealth Group Incorporated	UNH	4.48%
Masco Corporation	MAS	4.16%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$2.136	Dec 19, 2025
Dec 20, 2024	$1.947	Dec 20, 2024
Dec 15, 2023	$1.59632	Dec 15, 2023
Dec 16, 2022	$3.10864	Dec 16, 2022
Dec 17, 2021	$3.39246	Dec 17, 2021
Dec 18, 2020	$2.28509	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:

Aug 27, 2026

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