FMI Funds to reopen the FMI Large Cap Fund and the FMI Common Stock Fund

TheShadow

https://www.sec.gov/Archives/edgar/data/1023391/000089853116000863/fmif-497e.htm

497 1 fmif-497e.htm FMI FUNDS SUPPLEMENT TO THE SUMMARY PROSPECTUS AND PROSPECTUS 6-27-16

Filed pursuant to Rule 497(e)

1933 Act File No. 333-12745

1940 Act File No. 811-07831


FMI Funds, Inc.

June 27, 2016

Supplement to the Summary Prospectuses and Prospectus

each dated January 29, 2016, as supplemented to date

FMI Large Cap Fund and FMI Common Stock Fund Re-Opening to All Investors


The FMI Large Cap Fund and the FMI Common Stock Fund (together, the “Funds”) have been closed to new investors. The Board of Directors of the FMI Large Cap Fund and the FMI Common Stock Fund recently voted to re-open both Funds to all investors. The FMI Large Cap Fund and the FMI Common Stock Fund will both re-open to all investors effective June 30, 2016. All references to the FMI Large Cap Fund and the FMI Common Stock Fund being closed to new investors are hereby deleted from the Summary Prospectuses and the Prospectus effective as of June 30, 2016.

* * *

The date of this Supplement is June 30, 2016.

Please retain this Supplement for future reference.

Sven

Thank you.

BrianW

Thank you very much!!!!!

PopTart

Thank you for this heads up. I have a Fido brokerage account and I'm being shown that there's a 1.53% load on FMIHX (FMI Large Cap). Anyone else seeing this?

msf

Not me. Here's Fidelity's page for the fund (it shows up as NTF). A test trade shows no fee/load/commission charged either.

https://fundresearch.fidelity.com/mutual-funds/summary/302933205?type=o-NavBar

BrianW

@PopTart: FMI is a no load family. If you're seeing that, it is a mistake.

PopTart

@msf @BrianW. Thanks, I thought that FMI is a no load family & NTF. I'll call Fido tomorrow and ask them what's going on.