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FMIHX FMI Large Cap

  • Fund
  • FMIHX
  • Price as of: Feb 19, 2019
  • $18.92
  • + $0.06
  • + 0.32%
  • Category
  • Large Cap Blend Equities

FMIHX - Profile

Vitals

  • YTD Return 9.8%
  • 3 Yr Annualized Return 12.8%
  • 5 Yr Annualized Return 9.7%
  • Net Assets $5.06 B
  • Holdings in Top 10 43.6%

52 WEEK LOW AND HIGH

$18.92
$16.31
$23.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.85%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 25.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$1,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return 12.8%
  • 5 Yr Annualized Total Return 9.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name FMI Large Cap Fund
  • Fund Family Name FMI Funds
  • Inception Date Dec 31, 2001
  • Shares Outstanding 143232371
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Matthew J. Goetzinger

FMIHX - Performance

Return Ranking - Trailing

Period FMIHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.8% -92.6% 141.1% 55.91% 3
1 Yr -2.3% -51.7% 28.0% 33.31% 2
3 Yr 12.8% * -19.8% 22.2% 29.48% 2
5 Yr 9.7% * -10.6% 15.4% 38.59% 2
10 Yr 13.7% * 1.4% 21.7% 39.74% 3

* Annualized


Return Ranking - Calendar

Period FMIHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -19.9% -68.6% 409.0% 73.22% 4
2017 9.0% -41.8% 41.6% 54.30% 3
2016 6.0% -51.7% 186.3% 44.44% 3
2015 -12.3% -46.9% 42.8% 77.13% 5
2014 1.7% -31.3% 35.7% 60.21% 4

Total Return Ranking - Trailing

Period FMIHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.8% -100.0% 141.1% 55.90% 3
1 Yr -2.3% -52.5% 142.7% 31.13% 2
3 Yr 12.8% * -19.8% 57.6% 26.51% 2
5 Yr 9.7% * -10.6% 15.4% 35.03% 2
10 Yr 13.7% * 1.4% 21.7% 37.44% 2

* Annualized


Total Return Ranking - Calendar

Period FMIHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -19.9% -68.6% 409.0% 73.76% 4
2017 9.0% -32.8% 42.3% 56.32% 3
2016 6.0% -27.9% 190.6% 51.79% 3
2015 -2.9% -40.3% 1119.1% 69.62% 4
2014 15.6% -37.8% 115.3% 25.77% 2

NAV & Total Return History

FMIHX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

FMIHX Category Low Category High FMIHX % Rank Quintile
Net Assets 5.06 B 7.56 K 731 B 4.59% 1
Number of Holdings 31 1 3780 18.08% 5
Net Assets in Top 10 2.08 B 13.1 K 117 B 3.39% 1
Weighting of Top 10 43.6% 2.2% 375.3% 10.81% 2

Top 10 Holdings

  1. Accenture PLC A 3.38%
  2. Berkshire Hathaway Inc B 5.70%
  3. UnitedHealth Group Inc 4.93%
  4. Dollar General Corp 5.63%
  5. Honeywell International Inc 4.29%
  6. JPMorgan Chase & Co 3.98%
  7. Twenty-First Century Fox Inc Class B 5.57%
  8. Quest Diagnostics Inc 3.26%
  9. PepsiCo Inc 3.54%
  10. Nestle SA ADR 3.33%

Asset Allocation

Weighting Category Low Category High FMIHX % Rank Quintile
Stocks
95.88% -9.22% 192.29% 18.74% 4
Cash
4.12% -172.04% 132.07% 8.36% 2
Preferred Stocks
0.00% 0.00% 88.99% 3.60% 4
Other
0.00% -81.75% 100.00% 8.93% 4
Convertible Bonds
0.00% -0.08% 2.29% 2.45% 4
Bonds
0.00% -94.35% 169.09% 7.68% 4

Stock Sector Breakdown

Weighting Category Low Category High FMIHX % Rank Quintile
Consumer Defense
18.24% 0.00% 59.58% 0.87% 1
Financial Services
16.63% -5.32% 48.58% 13.14% 2
Consumer Cyclical
14.76% -7.80% 52.21% 5.92% 1
Industrials
12.25% 0.00% 48.40% 8.74% 2
Healthcare
11.04% 0.00% 33.17% 24.12% 4
Technology
10.70% -10.25% 60.26% 29.17% 5
Basic Materials
7.71% -1.28% 36.20% 2.02% 1
Energy
2.36% -3.37% 100.00% 23.97% 5
Communication Services
2.20% -0.78% 17.25% 17.04% 4
Utilities
0.00% -1.65% 32.10% 20.94% 5
Real Estate
0.00% -1.50% 12.26% 21.30% 5

Stock Geographic Breakdown

Weighting Category Low Category High FMIHX % Rank Quintile
US
81.10% -11.35% 127.80% 27.09% 4
Non US
14.78% -1.33% 93.92% 4.83% 1

FMIHX - Expenses

Operational Fees

FMIHX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.85% 0.00% 303.36% 16.55% 2
Management Fee 0.61% 0.00% 2.25% 3.37% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.20% 0.00% 0.85% 2.11% 5

Sales Fees

FMIHX Fees (% of AUM) Category Low Category High FMIHX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

FMIHX Fees (% of AUM) Category Low Category High FMIHX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMIHX Fees (% of AUM) Category Low Category High FMIHX Rank Quintile
Turnover 25.00% 0.00% 1754.00% 13.22% 2

FMIHX - Distributions

Dividend Yield Analysis

FMIHX Category Low Category High FMIHX % Rank Quintile
Dividend Yield 0.2% 0.00% 15.04% 50.20% 3

Dividend Distribution Analysis

FMIHX Category Low Category High Category Mode
Dividend Distribution Frequency None Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FMIHX Category Low Category High FMIHX % Rank Quintile
Net Income Ratio 1.07% -1.94% 3.95% 10.48% 3

Capital Gain Distribution Analysis

FMIHX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

FMIHX - Managers

Matthew J. Goetzinger

Manager

Start Date

Jan 30, 2009

Tenure

10.01

Tenure Rank

4.7%

Mr. Goetzinger joined Fiduciary Management, Inc. in 2004. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining Fiduciary, Mr. Goetzinger was employed at Strong Capital Management (2001-2002). Mr. Goetzinger received a BBA degree from the University of Wisconsin and an MS degree from the University of Wisconsin-Applied Securities Program. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Robert M. Helf

Manager

Start Date

Jan 30, 2009

Tenure

10.01

Tenure Rank

4.7%

Mr. Helf joined Fiduciary Management, Inc. in 1998. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining Fiduciary, Mr. Helf was a research analyst with Robert W. Baird (1990-1992) and then Everen Securities (1994-1997). Mr. Helf received a BS degree from the University of Southern California and an MS degree from the University of Wisconsin-Applied Securities Program. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Andy P. Ramer

Manager

Start Date

Jan 30, 2009

Tenure

10.01

Tenure Rank

4.7%

Mr. Ramer joined Fiduciary Management, Inc. in 2002. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining FMI, Mr. Ramer was a research analyst with Bufka & Rodgers, LLC (1997-2002). Mr. Ramer received a BS degree from the University of Illinois. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Daniel G. Sievers

Manager

Start Date

Jan 29, 2010

Tenure

9.01

Tenure Rank

5.6%

Mr. Sievers joined Fiduciary Management, Inc. in 2009. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining Fiduciary, Mr. Sievers was employed at Evergreen Investment Management Company, LLC (2008-2009). Mr. Sievers received a BS degree from Boston College. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Jonathan T. Bloom

Manager

Start Date

Jan 31, 2011

Tenure

8.01

Tenure Rank

6.4%

Mr. Bloom joined Fiduciary Management, Inc. in 2010. He is a partner and member of the firm’s Portfolio Management Committee. Mr. Bloom serves as the Director of Research, working with the firm’s analysts on vetting new research ideas. Mr. Bloom received a BA degree from Brown University and an MBA from Columbia Business School. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Matthew T. Sullivan

Manager

Start Date

Jan 31, 2014

Tenure

5.0

Tenure Rank

9.3%

Mr. Sullivan joined Fiduciary Management, Inc. full time in 2013. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Mr. Sullivan worked during the summer of 2012 as a research intern at FMI, and joined the team permanently after completing his BA degree from Brown University. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Patrick J. English

Manager

Start Date

Dec 31, 2001

Tenure

17.1

Tenure Rank

1.8%

Mr. English joined Fiduciary Management, Inc. in 1986. He is the CEO and Chief Investment Officer, Treasurer and is a partner and member of the Portfolio Management Committee. Mr. English (along with Mr. Ramer) serves as the co-head of equity research, and they work with the firm’s analysts in vetting new research ideas. Pat is also responsible for covering approximately 10 companies across a variety of industries. Prior to joining Fiduciary, Mr. English was a research analyst with Dodge & Cox (1985-1986). Mr. English received a BA degree from Stanford University. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the AIMR® Chartered Financial Analyst designation.


John S. Brandser

Manager

Start Date

Jan 30, 2009

Tenure

10.01

Tenure Rank

4.7%

Mr. Brandser joined Fiduciary Management, Inc. in 1995. He is the President, Secretary, Chief Operating Officer, and Chief Compliance Officer. He is also a partner and member of the Portfolio Management Committee. Mr. Brandser is primarily responsible for the firm’s trading/accounting operations, as well as the compliance of the firm. Prior to joining Fiduciary, Mr. Brandser was a lending officer with Marshall & Ilsley Corporation (1985-1995). Mr. Brandser received a BA degree from the University of Minnesota-Duluth.


Jordan S Teschendorf

Manager

Start Date

May 31, 2016

Tenure

2.67

Tenure Rank

12.2%

Mr. Teschendorf joined Fiduciary Management, Inc. full time in 2015. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. He worked during the summer of 2014 as a research intern at Heartland Advisors, and joined the FMI team permanently after receiving a BBA degree from the University of Wisconsin and an MS degree from the University of Wisconsin-Applied Securities Program. He is a member of the CFA Society of Milwaukee, and he has earned the right to use the Chartered Financial Analyst designation.


Benjamin D. Karek

Manager

Start Date

Jan 31, 2018

Tenure

1.0

Tenure Rank

14.3%

Mr. Karek joined Fiduciary Management, Inc. full time in 2017. He is a partner and member of the firm’s Portfolio Management Committee. He is primarily responsible for equity research covering a wide range of industries. Prior to joining Fiduciary, Mr. Karek earned a BA from the University of Michigan, and was a US Army officer, earning the bronze star medal for meritorious service in combat. Mr. Karek worked during the summer of 2016 as a research intern at FMI, and joined the team permanently after completing his MBA degree from Columbia Business School. Mr. Karek is a CFA level III candidate.


Tenure Analysis

Category Low

0.0

Category High

83.3

Category Average

6.74

Category Mode

1.9