- ISIN
- US3029332059
- CUSIP
- 302933205
- Issuer
- FMI Funds
- Inception Date
- Dec 31, 2001
- Category
- Large Cap Blend Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
FMIHX Performance Chart
FMI Large Cap Fund (FMIHX) is down 1.7% since the beginning of the year. FMIHX is currently trading at $13 per share. Investors who bought $1,000 worth of FMIHX shares 5 years ago would now be looking at an investment worth $1,253.
Loading charts...
Returns By Period
FMI Large Cap Fund (FMIHX) has returned -1.65% so far this year and 0.78% over the past 12 months. Over the last ten years, FMIHX has returned 8.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.
FMI Large Cap Fund
- 1D
- -0.46%
- 1M
- 0.69%
- YTD
- -1.65%
- 6M
- -2.08%
- 1Y
- 0.78%
- 3Y*
- 9.50%
- 5Y*
- 4.61%
- 10Y*
- 8.95%
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%
FMIHX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 2001, FMIHX's average daily return is +0.04%, while the average monthly return is +0.76%. At this rate, an investment would double in approximately 7.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2020 with a return of +13.3%, while the worst month was Mar 2020 at -14.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FMIHX closed higher 52% of trading days. The best single day was Dec 20, 2024 with a return of +12.6%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.48% | 1.32% | -8.74% | 4.67% | -0.98% | 0.15% | -1.65% | ||||||
| 2025 | 3.99% | -0.20% | -2.52% | -1.70% | 3.18% | 2.95% | -0.46% | 3.01% | -1.72% | -0.58% | 0.33% | 0.02% | 6.21% |
| 2024 | -0.80% | 3.85% | 5.26% | -2.84% | 2.92% | -0.37% | 3.22% | 1.68% | 1.36% | -3.32% | 6.69% | -7.06% | 10.17% |
| 2023 | 6.88% | -1.30% | -1.46% | 2.25% | -2.34% | 5.85% | 4.86% | -2.48% | -4.76% | -2.80% | 9.43% | 6.32% | 21.03% |
| 2022 | -3.82% | -3.02% | 0.60% | -6.72% | 2.79% | -9.45% | 6.00% | -5.19% | -6.90% | 7.81% | 7.80% | -3.76% | -14.73% |
| 2021 | -3.13% | 3.39% | 5.89% | 4.64% | 0.92% | -1.42% | 0.19% | 1.67% | -4.42% | 5.68% | -2.62% | 7.04% | 18.40% |
Benchmark Metrics
FMI Large Cap Fund has an annualized alpha of 1.66%, beta of 0.84, and R2 of 0.85 versus S&P 500 Index. Calculated based on daily prices since January 02, 2002.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (89.77%) than losses (87.42%) - typical of diversified or defensive assets.
- Alpha
- 1.66%
- Beta
- 0.84
- R²
- 0.85
- Upside Capture
- 89.77%
- Downside Capture
- 87.42%
Expense Ratio
FMIHX has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMIHX ranks 3 for risk / return — in the bottom 3% 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 Large Cap Fund (FMIHX) and compare them to S&P 500 Index.
| FMIHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.41 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 2.93 | -2.75 |
| Martin ratioReturn relative to average drawdown | 0.46 | 13.52 | -13.06 |
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 Large Cap Fund provided a 16.11% dividend yield over the last twelve months, with an annual payout of $2.11 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.11 | $2.11 | $1.92 | $1.58 | $3.09 | $3.36 | $2.25 | $1.54 | $3.51 | $1.99 | $1.47 | $2.05 |
Dividend yield | 16.11% | 15.84% | 13.22% | 10.54% | 22.62% | 17.10% | 11.56% | 7.77% | 20.37% | 9.27% | 7.48% | 11.02% |
Monthly Dividends
The table displays the monthly dividend distributions for FMI Large Cap Fund. 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 | $2.11 | $2.11 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.92 | $1.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.58 | $1.58 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.09 | $3.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.36 | $3.36 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the FMI Large Cap Fund. 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 Large Cap Fund was 47.80%, occurring on Mar 9, 2009. Recovery took 457 trading sessions.
The current FMI Large Cap Fund drawdown is 7.02%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -47.80%Mar 2009 | 1y 7mo | 1y 9mo | 3y 5moJul 2007 - Dec 2010 |
COVID crash2020 | -34.15%Mar 2020 | 1mo 1d | 7mo 21d | 8mo 22dFeb 2020 - Nov 2020 |
Dot-com crash2000–2002 | -28.32%Oct 2002 | 6mo 25d | 12mo 3d | 1y 6moMar 2002 - Oct 2003 |
Bear market2022 | -24.99%Sep 2022 | 8mo 21d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2025 selloff2025 | -18.23%Apr 2025 | 3mo 16d | 10mo 8d | 1y 1moDec 2024 - Feb 2026 |
Drawdown Indicators
| FMIHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.80% | -56.78% | +8.98% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -9.10% | -2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -18.23% | -18.90% | +0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.99% | -25.43% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.15% | -33.92% | -0.23% |
Current DrawdownCurrent decline from peak | -7.02% | -0.74% | -6.28% |
Average DrawdownAverage peak-to-trough decline | -5.92% | -10.72% | +4.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.68% | 1.97% | +2.71% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with FMIHX
Add FMI Large Cap Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with FMIHX