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A Reliable--and Recently Reopened--Mid-Cap Fund

Gold-rated FMI Common Stock's valuation-centric process has rewarded patient investors.


Gretchen Rupp: FMI Common Stock is a mid-cap blend fund that's recently reopened to new investors. Pat English has managed this for nearly 20 years. He works alongside an experienced team of seven additional analysts, each of whom is also a named manager on the strategy. The team follows a valuation-centric process that shines in rough markets, making it a reliable choice for risk-averse investors.

The managers choose high-quality businesses that have steady revenues and strong returns on invested capital. They focus on companies that can grow profits, not just earnings, and their typical stock will have lower than average debt levels.

Gretchen Rupp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.