Fiduciary Management Small Cap Equity Fund’s Q3 2021 Investor Letter

Fiduciary Management, an investment management firm, published its “Small Cap Equity Fund” third quarter 2021 investor letter – a copy of which can be downloaded here. The FMI Small Cap portfolios gained approximately 0.6% in the September quarter compared to declines of 4.36% for the Russell 2000 Index and 2.98% for the Russell 2000 Value Index. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.