FMI Mutual Funds

Annual Distributions for 2018

INVESTOR CLASS INSTITUTIONAL CLASS TOTAL AUM (MILLIONS)
FMI Large Cap Fund FMIHX (http://www NULL.fiduciarymgt NULL.com/fmifunds/lc/) FMIQX (http://www NULL.fiduciarymgt NULL.com/fmifunds/lc/) $5,203.7
FMI Common Stock Fund FMIMX (http://www NULL.fiduciarymgt NULL.com/fmifunds/cs/) FMIUX (http://www NULL.fiduciarymgt NULL.com/fmifunds/cs/) $960.3
FMI International Fund FMIJX (http://www NULL.fiduciarymgt NULL.com/fmifunds/in/) FMIYX (http://www NULL.fiduciarymgt NULL.com/fmifunds/in/) $6,844.5

As of 2/15/2019

FUND INCEPTION DATE NAV PRICE CHANGE 1 DAY RETURN YTD PERFORMANCE
FMIHX (http://www NULL.fiduciarymgt NULL.com/fmifunds/lc/) 12/31/2001 $18.86 $0.25 1.34% 9.46%
FMIQX (http://www NULL.fiduciarymgt NULL.com/fmifunds/lc/) 10/31/2016 $18.83 $0.25 1.35% 9.48%
FMIMX (http://www NULL.fiduciarymgt NULL.com/fmifunds/cs/) 12/18/1981 $25.20 $0.23 0.92% 14.08%
FMIUX (http://www NULL.fiduciarymgt NULL.com/fmifunds/cs/) 10/31/2016 $25.22 $0.24 0.96% 14.12%
FMIJX (http://www NULL.fiduciarymgt NULL.com/fmifunds/in/) 12/31/2010 $30.62 $0.26 0.86% 6.95%
FMIYX (http://www NULL.fiduciarymgt NULL.com/fmifunds/in/) 10/31/2016 $30.63 $0.25 0.82% 6.95%

The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or the redemption of Fund shares. Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance since the above time period may be higher or lower than the performance quoted. Performance data current to the most recent month end may be obtained by visiting each fund’s performance summary page on www.fmifunds.com. Annual operating expenses for FMIHX, FMIQX, FMIMX, FMIUX, FMIJX, and FMIYX as of the Prospectus dated 1/31/2019 are as follows: 0.80%, 0.66%, 0.99%, 0.89%, 0.90%, and 0.76%, respectively.

For more information about the FMI Family of Funds, including fees and expenses, call (800) 811-5311 for a free prospectus or summary prospectus (also available from this website). Please read these prospectuses carefully to consider the investment objectives, risks, charges and expenses before investing or sending money. These prospectuses contain this and more information. Please read these prospectuses carefully before investing.

Risks associated with investing in FMIHX and FMIQX are: Stock Market Risk, Medium and Large Capitalization Companies Risks, Non-Diversification Risk (Non-Diversified funds are subject to higher volatility than funds that are invested more broadly), Value Investing Risk, Foreign Securities Risk (fluctuation of currency, different financial standards, and political instability) and Liquidity Risk.

Risks associated with investing in FMIMX and FMIUX are: Stock Market Risk, Medium and Small Capitalization Companies Risks (which includes the potential for greater volatility and less financial resources than Large-Cap Companies), Value Investing Risk, Foreign Securities Risk (fluctuation of currency, different financial standards, and political instability) and Liquidity Risk.

Risks associated with investing in FMIJX and FMIYX are: Stock Market Risk, Non-Diversified Risk (Non-Diversified Funds are subject to higher volatility than funds that are invested more broadly). Value Investing Risk, Foreign Securities Risk (fluctuation of currency, different financial standards, and political instability), Geographic Concentration Risk, Currency Hedging Risk, Large Capitalization Companies Risk, and Liquidity Risk.