FMI International Fund
FMIJX
Quarter-End Positions
12/31/2014
Unaudited
CUSIP /
SEDOL
G1151C101
7110720
B02J639
5458314
B1638D8
BLNN3L4
B1Y9TB3
0309644
2566351
B1VXKN7
5002465
6489302
6472960
6346935
7123870
4689803
4689814
73755L107
2718301
B63H849
B03MLX2
B11TCY0
806857108
6791591
6804585
6763965
B1WY233
6877811
H84989104
B10RZP7
B8KF9B4
SYMBOL
ACN
ADEN VX
ADM LN
AKZA NA
090435 KS
CPG LN
BN FP
ECM LN
FFH CN
GENM MK
HEN GR
005440 KS
JS SP
051905 KS
NESN VX
PC IM
PCP IM
POT
SQM/BCI
RR/ LN
RDSA LN
SCHP VX
SLB
9735 JP
4063 JP
6273 JP
SMIN LN
9917 TT
TEL
ULVR LN
WPP LN
SECURITY DESCRIPTION
Accenture PLC
Adecco S.A.
Admiral Group PLC
Akzo Nobel N.V.
Amorepacific Corp.
Compass Group PLC
Danone S.A.
Electrocomponents PLC
Fairfax Financial Holdings Ltd.
Genting Malaysia Berhad
Henkel AG & Co. KGaA
Hyundai GreenFood Co. Ltd.
Jardine Strategic Holdings Ltd.
LG Household & Health Care Ltd.
Nestle` S.A.
Pirelli & Co. SpA
Pirelli & Co. Saving Shares
Potash Corp. of Saskatchewan Inc.
Sociedad Quimica y Minera de Chile SA
Rolls-Royce Holdings PLC
Royal Dutch Shell PLC
Schindler Holding AG
Schlumberger Ltd.
Secom Co. Ltd.
Shin-Etsu Chemical Co. Ltd.
SMC Corp.
Smiths Group PLC
Taiwan Secom
TE Connectivity Ltd.
Unilever PLC
WPP PLC
Short-Term Investments *
Other assets, less liabilities
SHARES HELD
451,000
389,000
736,000
264,000
15,000
838,000
415,000
4,780,000
49,000
13,055,000
267,000
1,101,000
747,000
56,000
217,000
1,690,000
582,000
1,027,000
590,000
1,971,000
450,000
47,000
263,000
311,000
115,000
55,000
1,432,000
3,269,740
295,000
571,000
1,268,000
84,100,000
PRICE
89.3100
68.7393
20.5151
69.1902
979.4451
17.0929
65.3782
3.3231
523.9972
1.1612
96.8688
17.1735
34.0073
247.5868
72.9010
13.4874
11.9822
35.3200
24.2236
13.4339
33.3730
144.3642
85.4100
57.4546
65.0998
262.2241
17.0041
2.6203
63.2500
40.6283
20.7917
MARKET
VALUE
40,278,810
26,739,588
15,099,141
18,266,220
14,691,676
14,323,869
27,131,959
15,884,195
25,675,865
15,159,743
25,863,961
18,908,078
25,403,435
13,864,861
15,819,520
22,793,767
6,973,656
36,273,640
14,291,931
26,478,149
15,017,831
6,785,117
22,462,830
17,868,385
7,486,473
14,422,325
24,349,941
8,567,576
18,658,750
23,198,738
26,363,880
84,100,000
PERCENTAGE
OF TOTAL NET
ASSETS
5.20
3.40
1.90
2.40
1.90
1.80
3.50
2.00
3.30
2.00
3.30
2.40
3.30
1.70
2.00
2.90
0.90
4.70
1.80
3.40
1.90
0.90
2.90
2.30
1.00
1.80
3.10
1.10
2.40
3.00
3.40
19.50
2.90
100.00
* Includes unrealized appreciation (depreciation) of forward currency contracts.
The Fund's portfolio holdings are as of the date indicated and are subject to change without notice. The listing of holdings does not consitute a
recommendation of any individual security. This listing is for informational purposes only and may not be identical to the official books and records of the
Fund. Security names may not represent the official legal corporate name. Please refer to the Fund's most recent Annual Report for an audited portfolio
holdings list.
Fiduciary Management, Inc. ~ 100 East Wisconsin Avenue ~ Milwaukee, WI 53202
Distributed by Rafferty Capital Markets, LLC

2014 - London Hong Kong Dragon Boat Festival

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