FMIFX Performance — FMI International Fund II - Currency Unhedged, Institutional Class
Data updated: 2026-08-14
FMIFX returned +3.28% year to date and +5.31% over one year to Jun 2026. Annualised returns are +8.08% over 3 years and +3.86% over 5 years. The fund trailed its International Mid-Cap Value category average: $100 invested three years ago grew to $126, against $158 for the category, and to $105 over one year, against $120. Volatility over the past three years was 13.92% a year. In the 12 months to Jun 2026 the fund lost a net $18.0M, and assets reached $51.83M.
FMIFX Growth of $100
What $100 invested in FMI International Fund II - Currency Unhedged grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Mid-Cap Value category average over the same months.
| Period | FMIFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $105 | $120 |
| 3 years (Jul 2023 – Jun 2026) | $126 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $121 | $152 |
| Since data start (Jan 2020 – Jun 2026) | $137 | $182 |
FMIFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.28% |
| 1 year | +5.31% |
| 3 years (annualised) | +8.08% |
| 5 years (annualised) | +3.86% |
FMIFX Annual Returns
Calendar-year total returns of FMI International Fund II - Currency Unhedged, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +3.28% |
| 2025 | +13.89% |
| 2024 | +2.21% |
| 2023 | +21.78% |
| 2022 | −17.34% |
| 2021 | +9.19% |
| 2020 | +3.94% |
FMIFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.1% | +2.0% | −11.1% | +6.2% | +0.1% | +3.0% | — | — | — | — | — | — |
| 2025 | +2.5% | +2.1% | −3.5% | +3.0% | +5.2% | +2.0% | −1.8% | +3.9% | −1.0% | −0.1% | +0.5% | +0.6% |
| 2024 | −1.7% | +1.2% | +4.0% | −2.1% | +3.8% | −4.2% | +5.7% | +2.9% | +0.9% | −6.2% | +2.3% | −3.7% |
| 2023 | +10.6% | −1.7% | +1.6% | +3.4% | −3.2% | +4.9% | +2.5% | −2.5% | −3.9% | −4.6% | +8.3% | +5.9% |
| 2022 | −2.7% | −2.3% | −3.5% | −6.6% | +0.2% | −10.5% | +4.9% | −6.6% | −8.6% | +8.3% | +11.6% | −0.5% |
| 2021 | −1.8% | +3.4% | +3.4% | +4.0% | +2.4% | −2.2% | −1.3% | +0.2% | −2.6% | +2.7% | −5.8% | +7.2% |
| 2020 | −4.9% | −7.4% | −19.7% | +6.9% | +2.8% | +4.0% | +4.1% | +4.6% | −2.1% | −1.3% | +15.0% | +6.2% |
FMIFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 13.92%
- 3-year Sharpe ratio: 0.26 (vs 4.5% risk-free rate)
- Best month: +8.33% (Nov 2023)
- Worst month: −11.14% (Mar 2026)
FMIFX Fund Flows
Monthly money in and out of FMI International Fund II - Currency Unhedged, from SEC Form N-PORT.
- 12-month net flow: −$18.0M
- 12-month gross sales (incl. reinvestments): $6.0M
- Sales ÷ redemptions: 0.25×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $3K | $210K | −$207K |
| May 2026 | $35K | $1.2M | −$1.2M |
| Apr 2026 | $200 | $3.8M | −$3.8M |
| Mar 2026 | $25K | $15.7M | −$15.7M |
| Feb 2026 | $114K | $741K | −$627K |
| Jan 2026 | $265K | $111K | $154K |
| Dec 2025 | $4.5M | $1.5M | $3.0M |
| Nov 2025 | $167K | $77K | $89K |
| Oct 2025 | $246K | $206K | $40K |
| Sep 2025 | $226K | $45K | $181K |
| Aug 2025 | $184K | $119K | $64K |
| Jul 2025 | $307K | $344K | −$37K |
FMIFX Assets Under Management
Net assets of FMI International Fund II - Currency Unhedged by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $51.83M |
| 2026-03-31 | $52.36M |
| 2025-12-31 | $72.10M |
| 2025-09-30 | $72.42M |
| 2025-06-30 | $71.51M |
| 2025-03-31 | $64.20M |
| 2024-12-31 | $66.49M |
| 2024-09-30 | $72.70M |
| 2024-06-30 | $65.98M |
| 2024-03-31 | $81.39M |
| 2023-12-31 | $78.06M |
| 2023-09-30 | $71.19M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.