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FMI Common Stock Investor FMIMX Fund Analysis

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Morningstar’s Fund Analysis FMIMX

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Manager Departure from FMI Large Cap, FMI Common Stock, and FMI International; Ratings Unchanged

Director

Analyst Note

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Twenty-year firm veteran Andy Ramer stepped down from his portfolio management duties at FMI Large Cap, FMI Common Stock, and FMI International on May 31. He is pursuing an opportunity at a smaller Wisconsin firm where he will have more autonomy than at the Milwaukee-based Fiduciary Management Incorporated. FMI's portfolio committee approach entails teamwide dialogue and debate about one’s stock picks and position sizing.

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