# EDGAR Filing Document

**Accession Number:** 0001023391
**File Stem:** 0001145549-23-006564
**Filing Date:** 2023-2
**Character Count:** 24428
**Document Hash:** c23229974d733fef5f96954c2487fe95
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006564.hdr.sgml**: 20230215

**ACCESSION NUMBER**: 0001145549-23-006564

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230215

**DATE AS OF CHANGE**: 20230215

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FMI FUNDS INC
- **CENTRAL INDEX KEY:** 0001023391
- **IRS NUMBER:** 391861095
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07831
- **FILM NUMBER:** 23634412

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST WISCONSIN AVENUE, SUITE 2200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-226-4545

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST WISCONSIN AVENUE, SUITE 2200
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FMI FOCUS FUND
- **DATE OF NAME CHANGE:** 19960921

## Series and Classes Contracts Data

### International Fund II - Currency Unhedged (Series ID: S000067413)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000216767 | International Fund II - Currency Unhedged Institutional Class | FMIFX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| FMI International Fund II - Currency Unhedged | FMI International Fund II - Currency Unhedged |  |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |  |
| December 31, 2022 (Unaudited) | December 31, 2022 (Unaudited) |  |
| **Shares** |  | **Value** |
| **LONG-TERM INVESTMENTS - 94.0% (a)** | **LONG-TERM INVESTMENTS - 94.0% (a)** |  |
| **COMMON STOCKS - 88.2% (a)** | **COMMON STOCKS - 88.2% (a)** |  |
| **<u>COMMERCIAL SERVICES SECTOR - 4.0%</u>** | **<u>COMMERCIAL SERVICES SECTOR - 4.0%</u>** |  |
|  | **Advertising/Marketing Services - 1.9%** |  |
| 113600 | WPP PLC (Jersey) \*(b) | $1122372 |
|  | **Miscellaneous Commercial Services - 2.1%** |  |
| 27000 | Genpact Ltd. (Bermuda) | 1250640 |
| **<u>CONSUMER DURABLES SECTOR - 1.9%</u>** | **<u>CONSUMER DURABLES SECTOR - 1.9%</u>** |  |
|  | **Electronics/Appliances - 1.9%** |  |
| 172000 | Howden Joinery Group PLC (Britain) (b) | 1161415 |
| **<u>CONSUMER NON-DURABLES SECTOR - 8.2%</u>** | **<u>CONSUMER NON-DURABLES SECTOR - 8.2%</u>** |  |
|  | **Food: Specialty/Candy - 3.2%** |  |
| 68500 | Greggs PLC (Britain) (b) | 1924666 |
|  | **Household/Personal Care - 5.0%** |  |
| 11450 | Henkel AG & Co. KGaA (Germany) (b) | 735829 |
| 44300 | Unilever PLC (Britain) (b) | 2236622 |
|  |  | 2972451 |
| **<u>CONSUMER SERVICES SECTOR - 10.0%</u>** | **<u>CONSUMER SERVICES SECTOR - 10.0%</u>** |  |
|  | **Media Conglomerates - 0.7%** |  |
| 45425 | Vivendi (France) (b) | 433941 |
|  | **Other Consumer Services - 4.2%** |  |
| 1250 | Booking Holdings Inc. (United States) \* | 2519100 |
|  | **Restaurants - 5.1%** |  |
| 32000 | Sodexo S.A. (France) (b) | 3061699 |
| **<u>DISTRIBUTION SERVICES SECTOR - 11.9%</u>** | **<u>DISTRIBUTION SERVICES SECTOR - 11.9%</u>** |  |
|  | **Medical Distributors - 2.8%** |  |
| 22275 | DKSH Holding AG (Switzerland) (b) | 1689185 |
|  | **Wholesale Distributors - 9.1%** |  |
| 27075 | Ferguson PLC (Jersey) (b) | 3399117 |
| 103000 | Rexel S.A. (France) (b) | 2037177 |
|  |  | 5436294 |
| **<u>ELECTRONIC TECHNOLOGY SECTOR - 10.2%</u>** | **<u>ELECTRONIC TECHNOLOGY SECTOR - 10.2%</u>** |  |
|  | **Aerospace & Defense - 4.8%** |  |
| 22775 | Safran S.A. (France) (b) | 2852649 |
|  | **Computer Processing Hardware - 3.9%** |  |
| 31000 | Sony Group Corp. (Japan) (b) | 2362870 |
|  | **Electronic Equipment/Instruments - 1.5%** |  |
| 56000 | Yokogawa Electric Corp. (Japan) (b) | 888775 |
| **<u>FINANCE SECTOR - 11.0%</u>** | **<u>FINANCE SECTOR - 11.0%</u>** |  |
|  | **Finance/Rental/Leasing - 2.0%** |  |
| 21500 | Ashtead Group PLC (Britain) (b) | 1221309 |
|  | **Major Banks - 5.7%** |  |
| 81800 | DBS Group Holdings Ltd. (Singapore) (b) | 2070489 |
| 2504750 | Lloyds Banking Group PLC (Britain) (b) | 1366884 |
|  |  | 3437373 |
|  | **Multi-Line Insurance - 3.3%** |  |
| 31700 | Arch Capital Group Ltd. (Bermuda) \* | 1990126 |
| **<u>HEALTH SERVICES SECTOR - 1.3%</u>** | **<u>HEALTH SERVICES SECTOR - 1.3%</u>** |  |
|  | **Medical/Nursing Services - 1.3%** |  |
| 24650 | Fresenius Medical Care AG & Co. KGaA (Germany) (b) | 805129 |
| **<u>HEALTH TECHNOLOGY SECTOR - 8.1%</u>** | **<u>HEALTH TECHNOLOGY SECTOR - 8.1%</u>** |  |
|  | **Medical Specialties - 4.6%** |  |
| 76100 | Koninklijke Philips N.V. (Netherlands) (b) | 1145090 |
| 119250 | Smith & Nephew PLC (Britain) (b) | 1592571 |
|  |  | 2737661 |
|  | **Pharmaceuticals: Major - 3.5%** |  |
| 6700 | Roche Holding AG (Switzerland) (b) | 2105392 |
| **<u>INDUSTRIAL SERVICES SECTOR - 2.8%</u>** | **<u>INDUSTRIAL SERVICES SECTOR - 2.8%</u>** |  |
|  | **Contract Drilling - 2.8%** |  |
| 30800 | Schlumberger Ltd. (Curacao) | 1646568 |
| **<u>PROCESS INDUSTRIES SECTOR - 1.6%</u>** | **<u>PROCESS INDUSTRIES SECTOR - 1.6%</u>** |  |
|  | **Chemicals: Specialty - 1.6%** |  |
| 23700 | NOF Corp. (Japan) (b) | 944769 |
| **<u>PRODUCER MANUFACTURING SECTOR - 5.9%</u>** | **<u>PRODUCER MANUFACTURING SECTOR - 5.9%</u>** |  |
|  | **Building Products - 1.6%** |  |
| 103000 | Sanwa Holdings Corp. (Japan) (b) | 948318 |
|  | **Electrical Products - 1.4%** |  |
| 44000 | Smiths Group PLC (Britain) (b) | 844455 |
|  | **Industrial Conglomerates - 1.6%** |  |
| 19250 | Jardine Matheson Holdings Ltd. (Bermuda) (b) | 979264 |
|  | **Industrial Machinery - 1.3%** |  |
| 31100 | Nabtesco Corp. (Japan) (b) | 788832 |
| **<u>RETAIL TRADE SECTOR - 7.5%</u>** | **<u>RETAIL TRADE SECTOR - 7.5%</u>** |  |
|  | **Discount Stores - 5.2%** |  |
| 625000 | B&M European Value Retail S.A. (Luxembourg) (b) | 3102390 |
|  | **Specialty Stores - 2.3%** |  |
| 230175 | CK Hutchison Holdings Ltd. (Cayman Islands) (b) | 1378944 |
| **<u>TECHNOLOGY SERVICES SECTOR - 3.8%</u>** | **<u>TECHNOLOGY SERVICES SECTOR - 3.8%</u>** |  |
|  | **Packaged Software - 3.8%** |  |
| 22300 | SAP SE (Germany) (b) | 2302260 |
|  | Total common stocks (cost $54,541,719) | 52908847 |
| **PREFERRED STOCKS - 5.8% (a)** | **PREFERRED STOCKS - 5.8% (a)** |  |
| **<u>CONSUMER NON-DURABLES SECTOR - 1.5%</u>** | **<u>CONSUMER NON-DURABLES SECTOR - 1.5%</u>** |  |
|  | **Household/Personal Care - 1.5%** |  |
| 14100 | Amorepacific Corp. (South Korea) (b) | 540788 |
| 1300 | LG Household & Health Care Ltd. (South Korea) (b) | 325750 |
|  |  | 866538 |
| **<u>ELECTRONIC TECHNOLOGY SECTOR - 4.3%</u>** | **<u>ELECTRONIC TECHNOLOGY SECTOR - 4.3%</u>** |  |
|  | **Telecommunications Equipment - 4.3%** |  |
| 65000 | Samsung Electronics Co. Ltd. (South Korea) (b) | 2604768 |
|  | Total preferred stocks (cost $4,455,461) | 3471306 |
|  | Total long-term investments (cost $58,997,180) | 56380153 |
| **Principal Amount** |  |  |
| **SHORT-TERM INVESTMENTS - 5.1% (a)** | **SHORT-TERM INVESTMENTS - 5.1% (a)** |  |
|  | **Bank Deposit Account - 5.1%** |  |
| $3053742 | U.S. Bank N.A., 3.900% ^ | 3053742 |
|  | Total short-term investments (cost $3,053,742) | 3053742 |
|  | Total investments - 99.1% (cost $62,050,922) | 59433895 |
|  | Other assets, less liabilities **- 0.9% (a)** | 525146 |
|  | **TOTAL NET ASSETS - 100.0%** | $59959041 |
| \* | Non-income producing security. |  |
| ^ | The rate shown is as of December 31, 2022. |  |
| (a) | Percentages for the various classifications relate to total net assets. | Percentages for the various classifications relate to total net assets. |
| (b) | Security does not trade during New York Stock Exchange hours, provided that certain foreign exchanges may trade during a portion of the New York Stock Exchange hours, and has been valued in accordance with the Fund's pricing procedures and has been classified as level 2. As of December 31, 2022 the aggregate value of these securities was $48,973,719. | Security does not trade during New York Stock Exchange hours, provided that certain foreign exchanges may trade during a portion of the New York Stock Exchange hours, and has been valued in accordance with the Fund's pricing procedures and has been classified as level 2. As of December 31, 2022 the aggregate value of these securities was $48,973,719. |
| PLC | Public Limited Company |  |

---

------

---

| |
|:---|
| FMI International Fund II - Currency Unhedged |
| Summary of Fair Value Exposure at December 31, 2022 (Unaudited) |
| The Fund has adopted fair valuation accounting standards that establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs used to develop the measurements of fair value. These inputs are summarized in the three broad levels listed below: |
| <u>Level 1</u> – Valuations based on unadjusted quoted prices in active markets for identical assets. |
| <u>Level 2</u> – Valuations based on quoted prices for similar securities or in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |
| <u>Level 3</u> – Valuations based on inputs that are unobservable and significant to the overall fair value measurement. |
| The following table summarizes the Fund's investments as of December 31, 2022, based on the inputs used to value them: |

---

---

| | |
|:---|:---|
|  | Investments |
| <u>Valuation Inputs</u> | <u>in Securities</u> |
| Assets: |  |
| Level 1 - Common Stocks\* | $7406434 |
| Level 1 - Bank Deposit Account | 3053742 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Level 1 | 10460176 |
| Level 2 - Common Stocks\* | 45502413 |
| Level 2 - Preferred Stocks\* | 3471306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Level 2 | 48973719 |
| Level 3 - | - |
| Total Assets | 59433895 |
| Total | $59433895 |
| \*See the Schedule of Investments for investments detailed by industry classifications. |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FMI Funds Inc

- **b. Investment Company Act file number:** 811-07831

- **c. CIK number of Registrant:** 0001023391

- **d. LEI of Registrant:** 549300LLBZ5DPX7B5F83

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 100 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-226-4545

**Item A.2. Information about the Series.**

- **a. Name of Series:** FMI International Fund II - Currency Unhedged

- **b. EDGAR series identifier (if any):** S000067413

- **c. LEI of Series:** 549300MF3JX1BB78YW31

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $59934331.37

**Total Liabilities:** $75722.55

**Net Assets:** $59858608.82

**Cash Not Reported:** $0.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216767 | 8.32%                | 11.55%               | -0.46%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-765496.41              | $4769769.53                                |
| Month 2  | $-58446.28               | $6182160.21                                |
| Month 3  | $-332722.86              | $-45141.39                                 |

### Schedule of Portfolio Investments

| Name                                   | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ashtead Group PLC                      | Ashtead Group PLC                      | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |     21500 | NS      | $1221309.04   | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC               | Howden Joinery Group PLC               | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |    172000 | NS      | $1161415.05   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group PLC               | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |   2504750 | NS      | $1366883.83   | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                     | Smith & Nephew PLC                     | CUSIP: G82343164<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    119250 | NS      | $1592571.24   | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                   | Booking Holdings Inc                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1250 | NS      | $2519100.00   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivendi SE                             | Vivendi SE                             | CUSIP: F97982106<br>LEI: 969500FU4DRAEVJW7U54 | Long             | EC               | CORP              | FR        |     45425 | NS      | $433940.84    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| SAP SE                                 | SAP SE                                 | CUSIP: N/A<br>LEI: 529900D6BF99LW9R2E68       | Long             | EC               | CORP              | DE        |     22300 | NS      | $2302259.96   | 3.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Henkel AG & Co KGaA                    | Henkel AG & Co KGaA                    | CUSIP: N/A<br>LEI: 549300VZCL1HTH4O4Y49       | Long             | EC               | CORP              | DE        |     11450 | NS      | $735828.50    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Fresenius Medical Care AG & Co         | Fresenius Medical Care AG & Co KGaA    | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |     24650 | NS      | $805128.86    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                 | Koninklijke Philips NV                 | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |     76100 | NS      | $1145089.41   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                 | DBS Group Holdings Ltd                 | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |     81800 | NS      | $2070489.18   | 3.46%             |  |  |  | No            |                  2 | On Loan: No      |
| LG H&H Co Ltd                          | LG H&H Co Ltd                          | CUSIP: Y5275R118<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |      1300 | NS      | $325749.47    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Jardine Matheson Holdings Ltd          | Jardine Matheson Holdings Ltd          | CUSIP: G50736100<br>LEI: 2138009KENVUNWOLPK41 | Long             | EC               | CORP              | HK        |     19250 | NS      | $979263.75    | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp                               | NOF Corp                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     23700 | NS      | $944769.17    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Nabtesco Corp                          | Nabtesco Corp                          | CUSIP: N/A<br>LEI: 529900DVHQXYRTGW7739       | Long             | EC               | CORP              | JP        |     31100 | NS      | $788831.89    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd             | Samsung Electronics Co Ltd             | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     65000 | NS      | $2604768.23   | 4.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanwa Holdings Corp                    | Sanwa Holdings Corp                    | CUSIP: N/A<br>LEI: 5299003X6BCA4ROO5A70       | Long             | EC               | CORP              | JP        |    103000 | NS      | $948317.51    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                        | Sony Group Corp                        | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |     31000 | NS      | $2362870.25   | 3.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp                 | Yokogawa Electric Corp                 | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |     56000 | NS      | $888774.69    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                              | Sodexo SA                              | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |     32000 | NS      | $3061699.29   | 5.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                       | Roche Holding AG                       | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |      6700 | NS      | $2105391.62   | 3.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger Ltd                       | Schlumberger Ltd                       | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     30800 | NS      | $1646568.00   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3053741 | NS      | $3053741.47   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                              | Safran SA                              | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |     22775 | NS      | $2852649.29   | 4.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                           | Unilever PLC                           | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |     44300 | NS      | $2236622.36   | 3.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Amorepacific Corp                      | Amorepacific Corp                      | CUSIP: Y01258113<br>LEI: N/A                  | Long             | EP               | CORP              | KR        |     14100 | NS      | $540788.39    | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                               | Rexel SA                               | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |    103000 | NS      | $2037176.91   | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                       | Smiths Group PLC                       | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               | CORP              | GB        |     44000 | NS      | $844455.41    | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                             | Greggs PLC                             | CUSIP: N/A<br>LEI: 213800I71QMUFJ64IW20       | Long             | EC               | CORP              | GB        |     68500 | NS      | $1924666.07   | 3.22%             |  |  |  | No            |                  2 | On Loan: No      |
| DKSH Holding AG                        | DKSH Holding AG                        | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |     22275 | NS      | $1689185.12   | 2.82%             |  |  |  | No            |                  2 | On Loan: No      |
| WPP PLC                                | WPP PLC                                | CUSIP: N/A<br>LEI: 549300LSGBXPYHXGDT93       | Long             | EC               | CORP              | GB        |    113600 | NS      | $1122372.15   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson PLC                           | Ferguson PLC                           | CUSIP: N/A<br>LEI: 213800DU1LGY3R2S2X42       | Long             | EC               | CORP              | GB        |     27075 | NS      | $3399117.22   | 5.68%             |  |  |  | No            |                  2 | On Loan: No      |
| B&M European Value Retail SA           | B&M European Value Retail SA           | CUSIP: L1175H106<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | GB        |    625000 | NS      | $3102390.26   | 5.18%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Ltd              | CK Hutchison Holdings Ltd              | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | HK        |    230175 | NS      | $1378944.31   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd                 | Arch Capital Group Ltd                 | CUSIP: N/A<br>LEI: 549300AYR4P8AFKDCE43       | Long             | EC               | CORP              | BM        |     31700 | NS      | $1990126.00   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                            | Genpact Ltd                            | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | US        |     27000 | NS      | $1250640.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** FMI Funds Inc

**Signature:** /s/ John S. Brandser

**Name of Signer:** FMI Funds Inc

**Title:** President and Treasurer