# EDGAR Filing Document

**Accession Number:** 0001023391
**File Stem:** 0000894189-25-013626
**Filing Date:** 2025-11
**Character Count:** 18516
**Document Hash:** 60b617a8c13d3c2cb595d05c39aa852e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-013626.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000894189-25-013626

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**PERIOD START**: 20250930

**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:** 251482270

**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           |

## 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:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $2767873768.45

**Total Liabilities:** $26298952.49

**Net Assets:** $2741574815.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000094796 | 0.69%                | 2.46%                | -0.79%               |
| Class ID C000174401 | 0.68%                | 2.50%                | -0.79%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $134782104.41            | $-187762120.94                             |
| Month 2  | $162493948.91            | $-38375996.29                              |
| Month 3  | $28082626.96             | $-60920367.61                              |

### 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        |   1705000 | NS      | $114339643.50 | 4.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Howden Joinery Group PLC               | Howden Joinery Group PLC                 | CUSIP: N/A<br>LEI: 213800KC1LJOJTY3JP45       | Long             | EC               | CORP              | GB        |   5790000 | NS      | $65872118.66  | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC               | Lloyds Banking Group PLC                 | CUSIP: N/A<br>LEI: 549300PPXHEU2JF0AM85       | Long             | EC               | CORP              | GB        |  58355000 | NS      | $66033640.58  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc               | Ferguson Enterprises Inc                 | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |    365000 | NS      | $81971700.00  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga         | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  24697865 | NS      | $24697864.85  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG              | Fresenius Medical Care AG                | CUSIP: N/A<br>LEI: 549300CP8NY40UP89Q40       | Long             | EC               | CORP              | DE        |   1335000 | NS      | $70538351.48  | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                 | Koninklijke Philips NV                   | CUSIP: N/A<br>LEI: H1FJE8H61JGM1JSGM897       | Long             | EC               | CORP              | NL        |   3805000 | NS      | $104234721.71 | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Fluidra SA                             | Fluidra SA                               | CUSIP: N/A<br>LEI: 95980020140005026620       | Long             | EC               | CORP              | ES        |   1650000 | NS      | $44884870.09  | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SE                             | Edenred SE                               | CUSIP: N/A<br>LEI: 9695006LOD5B2D7Y0N70       | Long             | EC               | CORP              | FR        |   2310000 | NS      | $55012144.88  | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                             | Greggs PLC                               | CUSIP: N/A<br>LEI: 213800I71QMUFJ64IW20       | Long             | EC               | CORP              | GB        |   3435000 | NS      | $74345905.61  | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| DKSH Holding AG                        | DKSH Holding AG                          | CUSIP: N/A<br>LEI: 549300HUUUNHO6FJUS42       | Long             | EC               | CORP              | CH        |    965000 | NS      | $65669359.80  | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Epiroc AB                              | Epiroc AB                                | CUSIP: W25918124<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |   2695000 | NS      | $57053351.82  | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Informa PLC                            | Informa PLC                              | CUSIP: N/A<br>LEI: 5493006VM2LKUPSEDU20       | Long             | EC               | CORP              | GB        |   9180000 | NS      | $113706167.76 | 4.15%             |  |  |  | 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        |  24150000 | NS      | $85193424.45  | 3.11%             |  |  |  | No            |                  2 | On Loan: No      |
| IMCD NV                                | IMCD NV                                  | CUSIP: N/A<br>LEI: 724500NSJPNFJPDAUP02       | Long             | EC               | CORP              | NL        |    505000 | NS      | $52342113.12  | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | CHF/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-385072.79   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | CHF/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $116201.38    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | EUR/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-6447674.52  | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Genpact Ltd                            | Genpact Ltd                              | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | US        |   1240000 | NS      | $51943600.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                               | ICON PLC                                 | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |    540000 | NS      | $94500000.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | GBP/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-3967544.90  | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Weir Group PLC/The                     | Weir Group PLC/The                       | CUSIP: N/A<br>LEI: 549300KDR56WHY9I3D10       | Long             | EC               | CORP              | GB        |   3185000 | NS      | $117486080.85 | 4.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                             | Siemens AG                               | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |    300000 | NS      | $80993645.32  | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| NOF Corp                               | NOF Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   4945000 | NS      | $86283391.67  | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                        | Sony Group Corp                          | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |   3240000 | NS      | $93139314.58  | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Yokogawa Electric Corp                 | Yokogawa Electric Corp                   | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |   2300000 | NS      | $66006777.62  | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Sodexo SA                              | Sodexo SA                                | CUSIP: N/A<br>LEI: 969500LCBOG12HXPYM84       | Long             | EC               | CORP              | FR        |   1995000 | NS      | $125873362.67 | 4.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                       | Roche Holding AG                         | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |    180000 | NS      | $59937041.94  | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Ryanair Holdings PLC                   | Ryanair Holdings PLC                     | CUSIP: 783513203<br>LEI: 635400BR2ROC1FVEBQ56 | Long             | EC               | CORP              | IE        |   1710000 | NS      | $102976200.00 | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                        | Schlumberger NV                          | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |   1765000 | NS      | $60663050.00  | 2.21%             |  |  |  | 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        |    333853 | NS      | $333853.01    | 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        |   7360000 | NS      | $94084541.87  | 3.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Unilever PLC                           | Unilever PLC                             | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |   1910000 | NS      | $112897473.44 | 4.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel SA                               | Rexel SA                                 | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |   3530000 | NS      | $116219370.12 | 4.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Smiths Group PLC                       | Smiths Group PLC                         | CUSIP: N/A<br>LEI: 213800MJL6IPZS3ASA11       | Long             | EC               | CORP              | GB        |   2540000 | NS      | $80531062.95  | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Sony Financial Group Inc               | Sony Financial Group Inc                 | CUSIP: N/A<br>LEI: 353800O7BDSU41WOZA60       | Long             | EC               | CORP              | JP        |   3240000 | NS      | $3593062.18   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | SEK/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2261603.83  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SEK/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $119664.53    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | SGD/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $444832.35    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Diageo PLC                             | Diageo PLC                               | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |   2410000 | NS      | $57665700.81  | 2.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                   | Booking Holdings Inc                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     21000 | NS      | $113384670.00 | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                 | DBS Group Holdings Ltd                   | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |   1580000 | NS      | $62659334.89  | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners         | Coca-Cola Europacific Partners PLC       | CUSIP: N/A<br>LEI: 549300LTH67W4GWMRF57       | Long             | EC               | CORP              | GB        |   1115000 | NS      | $100807150.00 | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                    | HKD/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-252189.01   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                    | JPY/USD FWD 20251017                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $597556.10    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-24

**Name of Applicant:** FMI Funds Inc

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

**Name of Signer:** FMI Funds Inc

**Title:** President