# EDGAR Filing Document

**Accession Number:** 0001023391
**File Stem:** 0000894189-26-003745
**Filing Date:** 2026-2
**Character Count:** 30369
**Document Hash:** 2b8ac4897f7b2734ae1c44e980a2ec96
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-003745.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000894189-26-003745

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FMI FUNDS INC
- **CENTRAL INDEX KEY:** 0001023391

**ORGANIZATION NAME:**
- **EIN:** 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:** 26637073

**BUSINESS ADDRESS:**
- **STREET 1:** 790 NORTH WATER STREET, SUITE 2100
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-226-4545

**MAIL ADDRESS:**
- **STREET 1:** 790 NORTH WATER STREET, SUITE 2100
- **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 (Series ID: S000030572)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000094796 | International Fund Investor Class      | FMIJX           |
| C000174401 | International Fund Institutional Class | FMIYX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **FMI International Fund** | **FMI International Fund** | **FMI International Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.7%** | **Shares** | **Value**  |
| **<u>Britain</u> - 32.3% <sup>(a)</sup>** | **<u>Britain</u> - 32.3% <sup>(a)</sup>** | |
| **Beverages: Alcoholic - 1.8%** | | |
| Diageo PLC | 2030000 | $43742104 |
| **Beverages: Non-Alcoholic - 3.7%** |  |  |
| Coca-Cola Europacific Partners PLC | 965000 | 87525500 |
| **Electrical Products - 2.9%** |  |  |
| Smiths Group PLC | 2170000 | 68637404 |
| **Electronics/Appliances - 2.3%** |  |  |
| Howden Joinery Group PLC | 4920000 | 55062139 |
| **Finance/Rental/Leasing - 4.3%** |  |  |
| Ashtead Group PLC | 1490000 | 101586638 |
| **Food: Specialty/Candy - 2.8%** |  |  |
| Greggs PLC | 2950000 | 66495848 |
| **Household/Personal Care - 4.0%** |  |  |
| Unilever PLC | 1469999 | 96045245 |
| **Internet Software/Services - 4.0%** |  |  |
| Informa PLC | 7940000 | 94209528 |
| **Major Banks - 2.8%** |  |  |
| Lloyds Banking Group PLC | 50000000 | 66135442 |
| **Trucks/Construction/Farm Machinery - 3.7%** |  |  |
| Weir Group PLC | 2270000 | 86765886 |
| **Total Britain** | **Total Britain** | 766205734 |
| **<u>France</u> - 10.6%** | **<u>France</u> - 10.6%** |  |
| **Miscellaneous Commercial Services - 1.9%** |  |  |
| Edenred SE | 2000000 | 44211874 |
| **Restaurants - 3.7%** |  |  |
| Sodexo SA | 1730000 | 88638211 |
| **Wholesale Distributors - 5.0%** |  |  |
| Rexel SA | 3050000 | 119627429 |
| **Total France** | **Total France** | 252477514 |
| **<u>Germany</u> - 5.5%** | **<u>Germany</u> - 5.5%** |  |
| **Industrial Machinery - 3.1%** |  |  |
| Siemens AG | 265000 | 74220209 |
| **Medical/Nursing Services - 2.4%** |  |  |
| Fresenius Medical Care AG | 1180000 | 56363304 |
| **Total Germany** | **Total Germany** | 130583513 |
| **<u>Hong Kong</u> - 3.2%** | **<u>Hong Kong</u> - 3.2%** |  |
| **Tools & Hardware - 3.2%** |  |  |
| Techtronic Industries Co. Ltd. | 6500000 | 74770363 |
| **<u>Ireland</u> - 7.9%** | **<u>Ireland</u> - 7.9%** |  |
| **Airlines - 4.4%** |  |  |
| Ryanair Holdings PLC - ADR | 1450000 | 104675500 |
| **Miscellaneous Commercial Services - 3.5%** |  |  |
| ICON PLC <sup>(b)</sup> | 460000 | 83821200 |
| **Total Ireland** | **Total Ireland** | 188496700 |
| **<u>Japan</u> - 9.0%** | **<u>Japan</u> - 9.0%** |  |
| **Chemicals: Specialty - 3.5%** |  |  |
| NOF Corp. | 4375000 | 84323398 |
| **Computer Processing Hardware - 2.8%** |  |  |
| Sony Group Corp. | 2550000 | 65410021 |
| **Electronic Equipment/Instruments - 2.7%** |  |  |
| Yokogawa Electric Corp. | 2010000 | 64461839 |
| **Total Japan** | **Total Japan** | 214195258 |
| **<u>Luxembourg</u> - 2.0%** | **<u>Luxembourg</u> - 2.0%** |  |
| **Discount Stores - 2.0%** |  |  |
| B&M European Value Retail SA | 20600000 | 46698082 |
| **<u>Netherlands</u> - 5.4%** | **<u>Netherlands</u> - 5.4%** |  |
| **Chemicals: Major Diversified - 1.7%** |  |  |
| IMCD NV | 445000 | 40389226 |
| **Medical Specialties - 3.7%** |  |  |
| Koninklijke Philips NV | 3260000 | 88767093 |
| **Total Netherlands** | **Total Netherlands** | 129156319 |
| **<u>Singapore</u> - 2.5%** | **<u>Singapore</u> - 2.5%** |  |
| **Major Banks - 2.5%** |  |  |
| DBS Group Holdings Ltd. | 1375000 | 60231400 |
| **<u>Spain</u> - 3.1%** | **<u>Spain</u> - 3.1%** |  |
| **Recreational Products - 3.1%** |  |  |
| Fluidra SA | 2700000 | 73148433 |
| **<u>Sweden</u> - 2.3%** | **<u>Sweden</u> - 2.3%** |  |
| **Trucks/Construction/Farm Machinery - 2.3%** |  |  |
| Epiroc AB | 2400000 | 54100513 |
| **<u>Switzerland</u> - 5.4%** | **<u>Switzerland</u> - 5.4%** |  |
| **Medical Distributors - 2.6%** |  |  |
| DKSH Holding AG | 845000 | 60747096 |
| **Pharmaceuticals: Major - 2.8%** |  |  |
| Roche Holding AG | 160000 | 66075244 |
| **Total Switzerland** | **Total Switzerland** | 126822340 |
| **<u>United States</u> - 9.5%** | **<u>United States</u> - 9.5%** |  |
| **Contract Drilling - 2.4%** |  |  |
| SLB Ltd. | 1500000 | 57570000 |
| **Other Consumer Services - 4.1%** |  |  |
| Booking Holdings, Inc. | 18000 | 96395940 |
| **Wholesale Distributors - 3.0%** |  |  |
| Ferguson Enterprises, Inc. | 320000 | 71241600 |
| **Total United States** | **Total United States** | 225207540 |
| **TOTAL COMMON STOCKS** (Cost $1,742,957,999) | **TOTAL COMMON STOCKS** (Cost $1,742,957,999) | 2342093709 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.4%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(c)</sup> | 34369930 | 34369930 |
| **TOTAL MONEY MARKET FUNDS** (Cost $34,369,930) | **TOTAL MONEY MARKET FUNDS** (Cost $34,369,930) | 34369930 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $1,777,327,929**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $1,777,327,929**)** | 2376463639 |
| Money Market Deposit Account - 0.0% <sup>(d)(e)</sup> | Money Market Deposit Account - 0.0% <sup>(d)(e)</sup> | 337041 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (2141687) |
| **TOTAL NET ASSETS - 100.0%** |  | $2374658993 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company

(a) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions
 affecting such country or region.

(b) Non-income producing security.

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(d) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of December 31, 2025 was 3.36%. This MMDA is held as collateral for certain forward currency contracts.

(e) Represents less than 0.05% of net assets.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FMI International Fund** | **FMI International Fund** | **FMI International Fund** | **FMI International Fund** | **FMI International Fund** | **FMI International Fund** |
| **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation**<br> (Depreciation) |
| BNY Mellon Capital Markets LLC | 01/16/2026 | 672134750 | EUR | 575000000 | $(4128635) |
| BNY Mellon Capital Markets LLC | 01/16/2026 | 219948825 | JPY | 33000000000 | 8963606 |
| J.P. Morgan Securities, Inc. | 01/16/2026 | 77281743 | HKD | 600000000 | 141296 |
| J.P. Morgan Securities, Inc. | 01/16/2026 | 53031994 | SEK | 500000000 | (1324347) |
| J.P. Morgan Securities, Inc. | 01/16/2026 | 58219643 | SGD | 75000000 | (192816) |
| State Street Bank & Trust Co. | 01/16/2026 | 113795131 | CHF | 90000000 | (28298) |
| State Street Bank & Trust Co. | 01/16/2026 | 780931125 | GBP | 585000000 | (7606336) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(4175530) |
| CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc | CHF - Swiss Franc |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound | GBP - British Pound |
| HKD - Hong Kong Dollar | HKD - Hong Kong Dollar | HKD - Hong Kong Dollar | HKD - Hong Kong Dollar | HKD - Hong Kong Dollar | HKD - Hong Kong Dollar |
| JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen | JPY - Japanese Yen |
| SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona |
| SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar | SGD - Singapore Dollar |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |

---

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
FMI International Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $501229740 | $1840863969 | $– | $2342093709 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 34369930 | – | – | 34369930 |
| Total Investments | $535599670 | $1840863969 | $– | $2376463639 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $9104902 | $– | $9104902 |
| Total Other Financial Instruments | $– | $9104902 | $– | $9104902 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $(13280432) | $– | $(13280432) |
| Total Other Financial Instruments | $– | $(13280432) | $– | $(13280432) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's core financial statements.

## 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:** 790 North Water Street

  - **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

- **b. EDGAR series identifier (if any):** S000030572

- **c. LEI of Series:** 5493007OUQ0VACOCZT71

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $2395096803.54

**Total Liabilities:** $18751852.24

**Net Assets:** $2376344951.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000094796 | 1.55%                | 0.20%                | -0.25%               |
| Class ID C000174401 | 1.56%                | 0.20%                | -0.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $32534129.74             | $-29445698.19                              |
| Month 2  | $36702147.03             | $-34316474.68                              |
| Month 3  | $15219940.02             | $-2251188.79                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Weir Group PLC/The                     | Weir Group PLC/The                       | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |   2270000 | NS      | $86765885.63  | 3.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp                 | Yokogawa Electric Corp                   | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |   2010000 | NS      | $64461838.58  | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                           | Unilever PLC                             | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   1469999 | NS      | $96045245.03  | 4.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                             | Siemens AG                               | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    265000 | NS      | $74220209.47  | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp                               | NOF Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   4375000 | NS      | $84323398.36  | 3.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                              | Sodexo SA                                | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |   1730000 | NS      | $88638210.63  | 3.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                       | Roche Holding AG                         | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    160000 | NS      | $66075244.24  | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                   | Ryanair Holdings PLC                     | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |   1450000 | NS      | $104675500.00 | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                | SLB Ltd                                  | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |   1500000 | NS      | $57570000.00  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexel SA                               | Rexel SA                                 | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |   3050000 | NS      | $119627428.90 | 5.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                       | Smiths Group PLC                         | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               | CORP              | GB        |   2170000 | NS      | $68637403.91  | 2.89%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | EUR/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-4128635.28  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | GBP/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7606335.80  | -0.32%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | HKD/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $141296.04    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | JPY/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $8963605.95   | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SEK/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1324346.64  | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SGD/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-192815.77   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                      | Ashtead Group PLC                        | CUSIP: N/A<br>LEI: 2138007UTBN8X9K1A235       | Long             | EC               | CORP              | GB        |   1490000 | NS      | $101586638.24 | 4.27%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | CHF/USD FWD 20260116                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-28298.54    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                             | Diageo PLC                               | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |   2030000 | NS      | $43742104.09  | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC               | Howden Joinery Group PLC                 | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |   4920000 | NS      | $55062139.51  | 2.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group PLC                 | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  50000000 | NS      | $66135441.52  | 2.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                   | Booking Holdings Inc                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     18000 | NS      | $96395940.00  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc               | Ferguson Enterprises Inc                 | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    320000 | NS      | $71241600.00  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga         | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  37717877 | NS      | $37717876.63  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG              | Fresenius Medical Care AG                | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |   1180000 | NS      | $56363303.51  | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                 | Koninklijke Philips NV                   | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |   3260000 | NS      | $88767092.91  | 3.74%             |  |  |  | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                 | DBS Group Holdings Ltd                   | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |   1375000 | NS      | $60231400.05  | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                        | Sony Group Corp                          | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |   2550000 | NS      | $65410020.71  | 2.75%             |  |  |  | No            |                  2 | 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        |    337041 | NS      | $337040.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd           | Techtronic Industries Co Ltd             | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |   6500000 | NS      | $74770363.50  | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluidra SA                             | Fluidra SA                               | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |   2700000 | NS      | $73148432.87  | 3.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                             | Edenred SE                               | CUSIP: N/A<br>LEI: 9695006LOD5B2D7Y0N70       | Long             | EC               | CORP              | FR        |   2000000 | NS      | $44211874.21  | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                             | Greggs PLC                               | CUSIP: N/A<br>LEI: 213800I71QMUFJ64IW20       | Long             | EC               | CORP              | GB        |   2950000 | NS      | $66495847.92  | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| DKSH Holding AG                        | DKSH Holding AG                          | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |    845000 | NS      | $60747095.87  | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                              | Epiroc AB                                | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |   2400000 | NS      | $54100513.51  | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                            | Informa PLC                              | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |   7940000 | NS      | $94209528.27  | 3.96%             |  |  |  | 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        |  20600000 | NS      | $46698081.60  | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                | IMCD NV                                  | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |    445000 | NS      | $40389225.95  | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners         | Coca-Cola Europacific Partners PLC       | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |    965000 | NS      | $87525500.00  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                               | ICON PLC                                 | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |    460000 | NS      | $83821200.00  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** FMI Funds Inc

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

**Name of Signer:** FMI Funds Inc

**Title:** President