Fund Evaluator:
FMI Global Institutional (FMIGX)
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Best Performing in Global Large-Stock Value Over the Last Year
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| 38.9% | LSV Global Value Investor (LVAGX) |
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Fund Details
FMI Global Institutional Overview
FMI Global Institutional (FMIGX) is an actively managed International Equity Global Large-Stock Value fund. FMI Funds launched the fund in 2024.
The investment seeks long-term capital appreciation. The fund invests mainly in a limited number of large capitalization (namely, companies with more than $5 billion market capitalization at the time of initial purchase) value stocks of global companies (U.S. and non-U.S. companies). It normally invests in common stocks and other equity securities, including preferred stocks, convertible preferred stocks, warrants, ADRs, ADSs, and ETFs.
About FMI Global Institutional (FMIGX)
There are 6 members of the management team with an average tenure of 1.71 years: Jonathan Bloom (2024), Matthew Sullivan (2024), Jordan Teschendorf (2024), Benjamin Karek (2024), Dain Tofson (2024), John Brandser (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and MSCI ACWI NR USD index with a weighting of 100%. FMI Global Institutional has 32 securities in its portfolio. The top 10 holdings constitute 44.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
FMI Global Institutional is part of the Equity global asset class and is within the International Equity fund group. FMI Global Institutional has 33.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 62.7%. There is 33.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FMI Global Institutional has 3.4% of the portfolio in cash.
Assets Under Management
The fund has $12 million in total assets, which is below the $514 million average for the Global Large-Stock Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
FMIGX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FMI Global Institutional expense ratio is high compared to funds in the Global Large-Stock Value category. FMI Global Institutional has an expense ratio of 0.90%, which is 14% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FMI Global Institutional has a portfolio turnover rate of 18%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 47% for the Global Large-Stock Value category.
Recently, in the month of August 2026, FMI Global Institutional returned 1.2%, which earned it a grade of D, as the Global Large-Stock Value category had an average return of 2.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
FMI Global Institutional has a trailing yield of 0.99%, which is below the 1.74% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FMI Global Institutional Grades
Year to date, the fund has returned 6.4%, 8.4 percentage points worse than the category, which translates into a grade of F. The fund has returned 4.6% over the past year (grade of F).
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FMIGX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| FMIGX Return (NAV) | 1.2% | 9.5% | 4.6% | na | na | na |
| FMIGX Grade | D | A | F | na | na | na |
| +/- Category | -0.8% | 4.6% | -17.6% | na | na | na |
| Global Large-Stock Value Avg | 2.0% | 4.9% | 22.2% | 18.2% | 10.7% | 10.4% |
| FMIGX Tax Cost Ratio | na | na | 0.6% | na | na | na |
FMIGX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| FMIGX Return (NAV) | 6.4% | 5.5% | na | na | na | na | na | na | na | na | na |
| FMIGX Grade | F | F | na | na | na | na | na | na | na | na | na |
| +/- Category | -8.4% | -18.6% | na | na | na | na | na | na | na | na | na |
| Global Large-Stock Value Avg | 14.8% | 24.1% | 9.7% | 14.7% | -9.1% | 19.1% | 4.1% | 22.9% | -10.3% | 18.7% | 9.5% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $12 Mil |
| Fund Total Assets: | $ 12 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 18% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 1.7 years | |||
| Average Tenure: 1.7 years | |||
| Managers (Year): Bloom Jonathan (2024), Sullivan Matthew (2024), Teschendorf Jordan (2024), Karek Benjamin (2024), Tofson Dain (2024), Brandser John (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 32 |
| % in Top 10 Holdings: | 44.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 33.9% |
Portfolio Allocation |
|
| Domestic Stock: | 62.7% |
| Foreign Stock: | 33.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.4% |
Purchase Information
| Fund Family: | FMI Funds |
| Phone Number: | 800-811-5311 |
| Website: | www.fmifunds.com |
| Status: | Open |
| Inception Date: | December 31, 2024 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.90% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.05% |
| Share Class: | FMI Global Institutional |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 0 |
