FMIGX Fees and Costs — FMI Global Fund, Institutional Class
Data updated: 2026-08-14
The net expense ratio is 0.90%: a 0.70% management fee plus 2.77% other expenses, less a 2.57% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.0519% of average net assets, and portfolio turnover was 18%.
FMIGX Fees and Expenses
Annual operating expenses and sales charges of FMIGX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.77% |
| Gross expense ratio | 3.47% |
| Fee waiver | −2.57% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FMIGX Costs Over Time
On $10,000 invested in FMIGX, assuming 5% a year before costs, total costs come to $596 over 5 years, cutting the return by 1.00% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $327 | $596 |
| Value after costs | $10,400 | $11,249 | $12,167 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
FMIGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0519%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
FMIGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $2K | 55.69% |
| JEFFERIES LLC | $701 | 16.39% |
| VIRTU ITG LLC | $230 | 5.37% |
| UBS ASSET MANAGEMENT (US) INC. | $201 | 4.69% |
| PERSHING LLC | $164 | 3.84% |
| COWEN AND COMPANY LLC | $155 | 3.62% |
| FERRETTI GROUP INC. | $130 | 3.04% |
| SANFORD C. BERNSTEIN & CO. LLC | $114 | 2.67% |
| BARCLAYS CAPITAL INC. | $106 | 2.48% |
| ACADEMY SECURITIES INC. | $95 | 2.21% |
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.