FMIJX Fees and Costs — FMI International Fund, Investor Class
Data updated: 2026-08-14
The net expense ratio is 0.95%: a 0.73% management fee plus 0.22% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.0455% of average net assets, and portfolio turnover was 16%.
FMIJX Fees and Expenses
Annual operating expenses and sales charges of FMIJX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.73% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.22% |
| Gross expense ratio | 0.95% |
| Fee waiver | — |
| Net expense ratio | 0.95% |
| 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 | No |
| Waived fees subject to recoupment | No |
FMIJX Costs Over Time
On $10,000 invested in FMIJX, assuming 5% a year before costs, total costs come to $623 over 5 years, cutting the return by 1.05% 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 0.95%) | $100 | $311 | $540 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $105 | $342 | $623 |
| Value after costs | $10,395 | $11,234 | $12,140 |
| Impact on return, per year | 1.05% | 1.05% | 1.05% |
FMIJX 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): 0.0455%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
FMIJX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS ASSET MANAGEMENT (US) INC. | $205K | 16.04% |
| VIRTU ITG LLC | $168K | 13.09% |
| INSTINET LLC | $154K | 12.06% |
| RBC CAPITAL MARKETS LLC | $154K | 12.01% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $138K | 10.78% |
| JEFFERIES LLC | $112K | 8.77% |
| COWEN AND COMPANY LLC | $101K | 7.90% |
| PIPER SANDLER & CO. | $88K | 6.87% |
| BNP PARIBAS SECURITIES CORP. | $82K | 6.42% |
| CLSA AMERICAS LLC | $78K | 6.06% |
FMI International Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMIYX | Institutional Class | 0.80% | none |
| FMIJX | Investor Class | 0.95% | none |
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.