- ISIN
- US3029338098
- CUSIP
- 302933809
- Issuer
- Fidelity
- Inception Date
- Dec 31, 2019
- Category
- Foreign Large Cap Equities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
FMIFX Performance Chart
FMI International Fund II - Currency Unhedged Institutional Class (FMIFX) is down 0.5% since the beginning of the year. FMIFX is currently trading at $22 per share. Investors who bought $1,000 worth of FMIFX shares 5 years ago would now be looking at an investment worth $1,136.
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Returns By Period
FMI International Fund II - Currency Unhedged Institutional Class (FMIFX) has returned -0.53% so far this year and 2.98% over the past 12 months.
FMI International Fund II - Currency Unhedged Institutional Class
- 1D
- -0.84%
- 1M
- 0.49%
- YTD
- -0.53%
- 6M
- -0.09%
- 1Y
- 2.98%
- 3Y*
- 7.45%
- 5Y*
- 2.58%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
FMIFX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2019, FMIFX's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2020 with a return of +15.0%, while the worst month was Mar 2020 at -19.7%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FMIFX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +8.8%, while the worst single day was Mar 16, 2020 at -10.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.12% | 1.96% | -11.14% | 6.20% | 0.13% | -0.84% | -0.53% | ||||||
| 2025 | 2.52% | 2.09% | -3.46% | 3.01% | 5.17% | 2.04% | -1.79% | 3.86% | -1.00% | -0.13% | 0.46% | 0.65% | 13.92% |
| 2024 | -1.71% | 1.21% | 4.02% | -2.07% | 3.80% | -4.25% | 5.67% | 2.95% | 0.87% | -6.20% | 2.34% | -3.64% | 2.22% |
| 2023 | 10.60% | -1.70% | 1.63% | 3.41% | -3.19% | 4.85% | 2.46% | -2.54% | -3.94% | -4.61% | 8.33% | 5.92% | 21.74% |
| 2022 | -2.74% | -2.34% | -3.47% | -6.64% | 0.22% | -10.46% | 4.90% | -6.63% | -8.65% | 8.32% | 11.55% | -0.46% | -17.35% |
| 2021 | -1.80% | 3.36% | 3.39% | 4.02% | 2.44% | -2.21% | -1.29% | 0.18% | -2.65% | 2.67% | -5.75% | 7.17% | 9.20% |
Benchmark Metrics
FMI International Fund II - Currency Unhedged Institutional Class has an annualized alpha of -5.25%, beta of 0.74, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since January 02, 2020.
- This fund participated in 102.82% of S&P 500 Index downside but only 68.76% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -5.25% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Alpha
- -5.25%
- Beta
- 0.74
- R²
- 0.67
- Upside Capture
- 68.76%
- Downside Capture
- 102.82%
Expense Ratio
FMIFX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMIFX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for FMI International Fund II - Currency Unhedged Institutional Class (FMIFX) and compare them to S&P 500 Index.
| FMIFX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.22 | 2.24 | -2.02 |
Sortino ratioReturn per unit of downside risk | 0.45 | 3.07 | -2.62 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.41 | -0.35 |
Calmar ratioReturn relative to maximum drawdown | 0.23 | 2.93 | -2.70 |
Martin ratioReturn relative to average drawdown | 0.75 | 13.52 | -12.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
FMI International Fund II - Currency Unhedged Institutional Class provided a 6.08% dividend yield over the last twelve months, with an annual payout of $1.36 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.36 | $1.36 | $0.48 | $0.32 | $0.25 | $0.95 | $0.18 |
Dividend yield | 6.08% | 6.05% | 2.30% | 1.51% | 1.41% | 4.41% | 0.85% |
Monthly Dividends
The table displays the monthly dividend distributions for FMI International Fund II - Currency Unhedged Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.36 | $1.36 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.48 | $0.48 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.32 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.95 | $0.95 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the FMI International Fund II - Currency Unhedged Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the FMI International Fund II - Currency Unhedged Institutional Class was 39.39%, occurring on Mar 23, 2020. Recovery took 178 trading sessions.
The current FMI International Fund II - Currency Unhedged Institutional Class drawdown is 7.23%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.39%Mar 2020 | 2mo 2d | 8mo 15d | 10mo 17dJan 2020 - Dec 2020 |
Bear market2022 | -33.90%Sep 2022 | 1y 3mo | 1y 5mo | 2y 9moJun 2021 - Mar 2024 |
2025 selloff2025 | -17.54%Apr 2025 | 6mo 13d | 1mo 19d | 8mo 2dSep 2024 - May 2025 |
2026 correction2026 | -15.17%Mar 2026 | 1mo 6d | — | 3mo 22dFeb 2026 - now |
2025 pullback2025 | -8.09%Nov 2025 | 2mo 27d | 1mo 16d | 4mo 13dAug 2025 - Jan 2026 |
Drawdown Indicators
| FMIFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.39% | -56.78% | +17.39% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -9.10% | -6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -17.54% | -18.90% | +1.36% |
Max Drawdown (5Y)Largest decline over 5 years | -33.90% | -25.43% | -8.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -7.23% | -0.74% | -6.49% |
Average DrawdownAverage peak-to-trough decline | -8.43% | -10.72% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 1.97% | +2.75% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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