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    <isConfidential>false</isConfidential>
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          <cik>0001023391</cik>
          <ccc>XXXXXXXX</ccc>
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        <classId>C000174402</classId>
        <classId>C000133547</classId>
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      <regFileNumber>811-07831</regFileNumber>
      <regCik>0001023391</regCik>
      <regLei>549300LLBZ5DPX7B5F83</regLei>
      <regStreet1>790 North Water Street</regStreet1>
      <regStreet2>Suite 2100</regStreet2>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>414-226-4545</regPhone>
      <seriesName>FMI Common Stock Fund</seriesName>
      <seriesId>S000043149</seriesId>
      <seriesLei>5493008BPLB0WO8JM055</seriesLei>
      <repPdEnd>2025-09-30</repPdEnd>
      <repPdDate>2025-06-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>1497771.900000000000</totLiabs>
      <netAssets>2224035160.810000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
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          <indexIdentifier>N/A</indexIdentifier>

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        <name>Arrow Electronics Inc</name>
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        <name>Core &amp; Main Inc</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>Fortune Brands Innovations Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Houlihan Lokey Inc</name>
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        <name>White Mountains Insurance Grou</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Applied Industrial Technologie</name>
        <lei>549300NU173IJRC6PO38</lei>
        <title>Applied Industrial Technologies Inc</title>
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        <name>Aramark</name>
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        <title>Aramark</title>
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        <name>BJ's Wholesale Club Holdings I</name>
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        <title>BJ's Wholesale Club Holdings Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Carlisle Cos Inc</name>
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        <name>First American Treasury Obliga</name>
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        <assetCat>STIV</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>Hayward Holdings Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Insight Enterprises Inc</name>
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        <title>Insight Enterprises Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Louisiana-Pacific Corp</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Plexus Corp</name>
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        <title>Plexus Corp</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Timken Co/The</name>
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        <title>Timken Co/The</title>
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        <fairValLevel>1</fairValLevel>
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        <name>Valvoline Inc</name>
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        <title>Valvoline Inc</title>
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        <name>Zions Bancorp NA</name>
        <lei>8WH0EE09O9V05QJZ3V89</lei>
        <title>Zions Bancorp NA</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>nVent Electric PLC</name>
        <lei>N/A</lei>
        <title>nVent Electric PLC</title>
        <cusip>N/A</cusip>
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          <ticker value="NVT"/>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>CTS Corp</name>
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        <title>CTS Corp</title>
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        <name>Gates Industrial Corp PLC</name>
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        <name>Simpson Manufacturing Co Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Primerica Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Robert Half Inc</name>
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          <ticker value="RHI"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Skechers USA Inc</name>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Genpact Ltd</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG3922B1072"/>
          <ticker value="G"/>
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        <balance>1225000.000000000000</balance>
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        <valUSD>53912250.000000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-07-28</ncom:dateSigned>
      <ncom:nameOfApplicant>FMI Funds Inc</ncom:nameOfApplicant>
      <ncom:signature>/s/ John S. Brandser</ncom:signature>
      <ncom:signerName>FMI Funds Inc</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
