FMIMX Fees and Costs — FMI Common Stock Fund, Investor Class
Data updated: 2026-08-14
The net expense ratio is 0.96%: a 0.78% management fee plus 0.18% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $661K in broker commissions, 0.0297% of average net assets, and portfolio turnover was 35%.
FMIMX Fees and Expenses
Annual operating expenses and sales charges of FMIMX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.78% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
FMIMX Costs Over Time
On $10,000 invested in FMIMX, assuming 5% a year before costs, total costs come to $619 over 5 years, cutting the return by 1.04% 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 0.96%) | $101 | $315 | $546 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $340 | $619 |
| Value after costs | $10,396 | $11,236 | $12,144 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
FMIMX 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): 0.0297%
- Total broker commissions: $661K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
FMIMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ROBERT W. BAIRD & CO. INCORPORATED | $89K | 16.06% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $76K | 13.62% |
| PIPER SANDLER & CO. | $68K | 12.19% |
| FERRETTI GROUP INC. | $61K | 10.91% |
| MAXIM GROUP LLC | $60K | 10.86% |
| J.P. MORGAN SECURITIES LLC | $46K | 8.36% |
| RBC CAPITAL MARKETS LLC | $41K | 7.47% |
| UBS SECURITIES LLC | $39K | 6.99% |
| ACADEMY SECURITIES INC. | $39K | 6.98% |
| VIRTU FINANCIAL CAPITAL MARKETS LLC | $36K | 6.56% |
FMI Common Stock Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FMIUX | Institutional Class | 0.84% | none |
| FMIMX | Investor Class | 0.96% | 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.