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Brew Up Great Returns in Your Portfolio

Zoe Van Schyndel, CFA
January 30, 2009

Finding a mutual fund with good performance these days is like trying to find a drink in the Sahara Desert -- you just don't have that many options. But in a city famous for beer, Milwaukee-based FMI Common Stock Fund (FMIMX) stands out as a consistent performer. The fund has brewed up quite a record and beaten its benchmark, the Russell 2000, by a solid 2% in the nearly three decades since its inception.

And even though the fund was down in 2008, its decline was significantly less than the market average. With solid performance and consistent management over several decades, this no-load fund might be a worthy addition to many an investor’s portfolio.

Fund facts

  • Inception date: Dec. 18, 1981
  • Expense ratio: 1.23%
  • Net assets: $429 million
  • Investment minimum: $1,000

Fund prospects
Selecting good businesses at value prices is the mantra that has helped the FMI Stock fund to an outstanding average annual return of more than 11% since its inception 27 years ago. Top holdings include a range of stocks, from recession-resistant companies like PetSmart (Nasdaq: