FMIHX – Fund Analysis – FMI Large Cap Investor | Morningstar

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Will FMIHX outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMIHX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

The People Pillar is our evaluation of the FMIHX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar

The Parent Pillar is our rating of FMIHX’s parent organization’s priorities and whether they’re in line with investors’ interests.

It’s not easy being different.

Analyst Katherine Wu

Katherine Wu

Analyst

Summary

FMI Large Cap remains committed to its value-oriented approach, but several team changes drive a People rating downgrade to Average from Above Average.

by Katherine Wu

Rated on Sep 22, 2026 Published on Sep 22, 2026

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