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FMIJX income dist.

sfnative
in Fund Discussions
I don't own it but noticed that the FMI International fund made an income distribution on Friday -- that's income, not capital gains -- amounting to around 13% of its NAV. Can someone suggest how an equity mutual fund could make such a large income distribution? It's not something I've seen before. Maybe I'm missing something.

Comments

  • yogibearbullyogibearbull
    May be due to currency hedging.

    Skipped distribution in 2020.
  • Sven
    Good point. FMIJX is currency hedged int’l fund. FMI also has a unhedged version of the same fund, and the income distribution part should be much smaller.
  • Derf
    Appears the same took place 2018 - 2019
  • Sven
    Best is to call FMI directly in order to get the appropriate answers. We are guessing here although there are few possibilities.
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