Smead Value Fund
Smead Funds Trust · 12 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Smead Value Fund is an actively managed U.S. equity fund. 5% of SMVLX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
Fund profile
As filed in the prospectus · 2026 Q1
The investment objective of the Smead Value Fund (the Fund) is long-term capital appreciation.
The fund screens U.S. companies across all market capitalizations for eight criteria: products meeting clear economic needs, sustainable competitive advantages, long profitability histories, strong cash generation, and valuations below intrinsic value, with preference for shareholder-friendly management and insider ownership. It holds approximately 25–30 stocks with a minimum expected holding period of three to five years. Because the fund is non-diversified, it may invest a relatively high percentage of assets in a small number of issuers, creating concentration risk.
| Share class | Gross | Net | As of |
|---|---|---|---|
| SMVLX | 1.23% | 1.23% | 2026 Q1 |
| SVFCX | 1.82% | 1.82% | 2026 Q1 |
| SVFAX | 1.23% | 1.23% | 2026 Q1 |
| SVFFX | 0.96% | 0.96% | 2026 Q1 |
| SVFIX | 0.91% | 0.91% | 2026 Q1 |
| SVFDX | 2.91% | 1.60% | 2026 Q1 |
| SVFKX | 1.76% | 1.45% | 2026 Q1 |
| SVFRX | 1.37% | — | 2025 Q1 |
| SVFLX | 1.05% | — | 2025 Q1 |
| SVFYX | 0.81% | 0.81% | 2026 Q1 |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 16.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 92.83% |
| Cash & short-term | 7.35% |
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Consumer Discretionary | 20.6% |
| Financials | 19.0% |
| Energy | 17.5% |
| Health Care | 13.3% |
| 4 smaller | 29.6% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Exited: QCOM
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +35.26% | +44.20% | +65.07% | 10.57% | -17.25% | |
| +34.45% | +41.58% | +60.23% | 10.56% | -17.46% | |
| +35.30% | +44.25% | +65.07% | 10.54% | -17.27% | |
| +35.65% | +45.46% | +67.35% | 10.54% | -17.15% | |
| +34.71% | +42.78% | +62.71% | 10.59% | -17.38% | |
| +34.90% | +43.01% | +63.23% | 10.57% | -17.35% | |
| +35.72% | +45.68% | +67.95% | 10.57% | -17.12% |
These classes hold the same portfolio, so the 7.72pp spread over 5 years is the cost difference between them — roughly 1.54pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NTPXX | NORTHERN INSTITUTIONAL FUNDSNTPXX | 7.35% | — | $285.74M | — |
| CVE | CENOVUS ENERGY INCCVE | 6.88% | $27.61 | $267.39M | 9.7M |
| SPG | SIMON PROPERTY GROUP INCSPG | 6.13% | $204.91 | $238.04M | 1.2M |
| APA | APA CORPAPA | 6.09% | $36.43 | $236.71M | 6.5M |
| MRK | MERCK & COMPANY INCMRK | 5.91% | $118.72 | $229.80M | 1.9M |
| MAC | MACERICH COMPANY (THE)MAC | 5.51% | $22.52 | $214.35M | 9.5M |
| AMGN | AMGEN INCAMGN | 4.74% | $336.79 | $184.07M | 546.5K |
| DHI | D.R. HORTON INCDHI | 4.44% | $147.09 | $172.45M | 1.2M |
| FANG | DIAMONDBACK ENERGY INCFANG | 4.13% | $191.48 | $160.36M | 837.5K |
| LEN | LENNAR CORPLEN | 3.87% | $89.78 | $150.53M | 1.7M |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-29 — not a live quote, and not what the fund paid.
Top 10 positions are 55.05% of net assets, top 25 97.66%, across 27 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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