- Issuer
- FMI
- Inception Date
- Oct 31, 2016
- Category
- Small Cap Value Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
FMIUX Performance Chart
FMI Common Stock Fund Institutional Class (FMIUX) is up 8.6% since the beginning of the year. FMIUX is currently trading at $36 per share. Investors who bought $1,000 worth of FMIUX shares 5 years ago would now be looking at an investment worth $1,521.
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Returns By Period
FMI Common Stock Fund Institutional Class (FMIUX) has returned 8.62% so far this year and 10.92% over the past 12 months.
FMI Common Stock Fund Institutional Class
- 1D
- 0.28%
- 1M
- 3.63%
- YTD
- 8.62%
- 6M
- 8.09%
- 1Y
- 10.92%
- 3Y*
- 12.59%
- 5Y*
- 8.75%
- 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%
FMIUX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, FMIUX's average daily return is +0.05%, while the average monthly return is +0.96%. At this rate, an investment would double in approximately 6.0 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +17.2%, while the worst month was Mar 2020 at -18.0%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, FMIUX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.2%, while the worst single day was Mar 16, 2020 at -9.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.96% | 4.32% | -8.96% | 7.17% | 0.44% | 0.28% | 8.62% | ||||||
| 2025 | 4.81% | -3.97% | -4.00% | -2.04% | 4.60% | 3.60% | 0.69% | 4.53% | -3.46% | -3.55% | 1.48% | 0.20% | 2.20% |
| 2024 | -0.94% | 5.14% | 4.58% | -4.14% | 3.53% | -3.25% | 6.99% | -1.44% | 1.01% | -0.76% | 7.65% | -7.13% | 10.53% |
| 2023 | 8.64% | 0.92% | -1.91% | -0.36% | -3.25% | 9.67% | 2.38% | -0.64% | -3.53% | -4.30% | 8.56% | 7.87% | 25.01% |
| 2022 | -4.67% | 1.48% | -1.33% | -4.50% | 1.00% | -7.73% | 9.82% | -3.86% | -6.43% | 9.15% | 6.37% | -3.35% | -5.83% |
| 2021 | -1.56% | 7.76% | 6.04% | 6.57% | 3.08% | -2.87% | 2.75% | 1.70% | -3.87% | 4.90% | -3.89% | 7.48% | 30.64% |
Benchmark Metrics
FMI Common Stock Fund Institutional Class has an annualized alpha of -0.82%, beta of 0.88, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since January 04, 2017.
- This fund participated in 94.09% of S&P 500 Index downside but only 83.42% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.88 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.82%
- Beta
- 0.88
- R²
- 0.68
- Upside Capture
- 83.42%
- Downside Capture
- 94.09%
Expense Ratio
FMIUX has an expense ratio of 0.84%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FMIUX ranks 9 for risk / return — in the bottom 9% 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 Common Stock Fund Institutional Class (FMIUX) and compare them to S&P 500 Index.
| FMIUX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.71 | 2.24 | -1.53 |
Sortino ratioReturn per unit of downside risk | 1.19 | 3.07 | -1.88 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 2.93 | -2.04 |
Martin ratioReturn relative to average drawdown | 2.21 | 13.52 | -11.31 |
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 Common Stock Fund Institutional Class provided a 12.36% dividend yield over the last twelve months, with an annual payout of $4.48 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $4.48 | $4.48 | $0.79 | $1.00 | $1.90 | $4.01 | $0.23 | $1.32 | $2.28 | $3.15 |
Dividend yield | 12.36% | 13.42% | 2.14% | 2.92% | 6.76% | 12.56% | 0.85% | 5.01% | 10.33% | 11.84% |
Monthly Dividends
The table displays the monthly dividend distributions for FMI Common Stock Fund 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 | $4.48 | $4.48 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.79 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $1.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.90 | $1.90 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.01 | $4.01 |
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 Common Stock Fund 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 Common Stock Fund Institutional Class was 38.04%, occurring on Mar 23, 2020. Recovery took 172 trading sessions.
The current FMI Common Stock Fund Institutional Class drawdown is 4.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.04%Mar 2020 | 2mo 6d | 8mo 6d | 10mo 12dJan 2020 - Nov 2020 |
2025 selloff2025 | -21.27%Apr 2025 | 4mo 13d | 4mo 16d | 8mo 29dNov 2024 - Aug 2025 |
Bear market2022 | -19.23%Jun 2022 | 5mo 12d | 7mo 19d | 1y 26dJan 2022 - Jan 2023 |
Rate-hike selloffLate 2018 | -17.38%Dec 2018 | 3mo 8d | 2mo 7d | 5mo 15dSep 2018 - Mar 2019 |
2026 correction2026 | -13.78%Mar 2026 | 1mo 17d | — | 3mo 23dFeb 2026 - now |
Drawdown Indicators
| FMIUX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.04% | -56.78% | +18.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.78% | -9.10% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -18.90% | -2.37% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -25.43% | +4.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.90% | -0.74% | -4.16% |
Average DrawdownAverage peak-to-trough decline | -4.93% | -10.72% | +5.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 1.97% | +3.53% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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