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Trending ETFs

Smead Value Fund

mutual fund
SMVLX
Payout Change
Pending
Price as of:
$79.01 -0.61 -0.77%
primary theme
U.S. Large-Cap Value Equity
SMVLX (Mutual Fund)

Smead Value Fund

Payout Change
Pending
Price as of:
$79.01 -0.61 -0.77%
primary theme
U.S. Large-Cap Value Equity
SMVLX (Mutual Fund)

Smead Value Fund

Payout Change
Pending
Price as of:
$79.01 -0.61 -0.77%
primary theme
U.S. Large-Cap Value Equity

Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Smead Value Fund

SMVLX | Fund

$79.01

$5.68 B

1.29%

$1.02

1.23%

Vitals

YTD Return

3.6%

1 yr return

18.6%

3 Yr Avg Return

9.4%

5 Yr Avg Return

13.5%

Net Assets

$5.68 B

Holdings in Top 10

57.8%

52 WEEK LOW AND HIGH

$79.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.23%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 17.40%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$3,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/14/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Smead Value Fund

SMVLX | Fund

$79.01

$5.68 B

1.29%

$1.02

1.23%

SMVLX - Profile

Distributions

  • YTD Total Return 3.6%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 13.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.27%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Smead Value Fund
  • Fund Family Name
    Smead Funds
  • Inception Date
    Jan 02, 2008
  • Shares Outstanding
    1562911
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William Smead

Fund Description

To achieve its investment objective, the Fund will maintain approximately 25‑30 companies in its portfolio and will invest in the common stocks of large capitalization (“large‑cap”) U.S. companies. The Fund considers large‑cap companies to be those publicly traded U.S. companies with capitalizations exceeding $5 billion. For purposes of the Fund’s investment policies, the market capitalization of a company is based on its capitalization at the time the Fund purchases the company’s securities.
The Fund may invest a large percentage of its assets in a few sectors, including consumer discretionary (goods and services considered non‑essential by consumers), energy (services related to the production and supply of energy), financials (financial services provided to retail and commercial customers), health care (medical services, goods and equipment), real estate (services related to real estate development and operation) and telecommunication services (telecom services, goods and equipment).
The Adviser selects the Fund’s investments by screening large‑cap U.S. companies using the following eight criteria:
Required over entire holding period:
products or services that meet a clear economic need;
strong competitive advantage (barriers to entry);
long history of profitability and strong metrics;
generates high levels of cash flow;
available at a low price in relation to intrinsic value (the perception of value based on all factors of business, tangible and intangible);
Favored, but not required:
management’s history of shareholder friendliness (dividends, buybacks, earnings quality, reporting transparency, executive compensation and acquisition history);
strong balance sheet; and
strong management (directors and officers) ownership (preferably with recent purchases).
The Fund’s portfolio is built around high quality companies whose businesses have strong competitive advantages that the Adviser believes can be sustained for the long term. When a security is purchased, the Adviser frequently monitors the security for large price declines in an effort to protect from single stock risk on new investments. The Fund aims to be a low‑turnover fund, and the expected holding period of a newly purchased security is a minimum of three to five years.
The Fund is classified as a non‑diversified mutual fund. This means that the Fund may invest a relatively high percentage of its assets in a small number of issuers.
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SMVLX - Performance

Return Ranking - Trailing

Period SMVLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -6.8% 36.1% 81.42%
1 Yr 18.6% -5.5% 44.2% 18.03%
3 Yr 9.4%* -4.5% 30.4% 6.41%
5 Yr 13.5%* -0.2% 43.6% 7.99%
10 Yr N/A* 1.0% 24.2% 0.69%

* Annualized

Return Ranking - Calendar

Period SMVLX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% -16.9% 46.1% 8.30%
2022 -4.5% -64.7% 4.6% 8.97%
2021 37.0% -44.2% 57.5% 0.94%
2020 0.3% -23.2% 285.0% 43.59%
2019 21.6% -21.4% 48.5% 33.80%

Total Return Ranking - Trailing

Period SMVLX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.6% -6.8% 36.1% 81.42%
1 Yr 18.6% -5.5% 44.2% 18.03%
3 Yr 9.4%* -4.5% 30.4% 6.41%
5 Yr 13.5%* -0.2% 43.6% 7.99%
10 Yr N/A* 1.0% 24.2% 0.58%

* Annualized

Total Return Ranking - Calendar

Period SMVLX Return Category Return Low Category Return High Rank in Category (%)
2023 16.8% -15.9% 46.7% 16.25%
2022 -2.8% -42.0% 8.5% 24.15%
2021 42.5% 3.6% 129.7% 0.66%
2020 1.7% -22.6% 304.8% 61.72%
2019 26.3% -12.7% 52.1% 40.36%

NAV & Total Return History


SMVLX - Holdings

Concentration Analysis

SMVLX Category Low Category High SMVLX % Rank
Net Assets 5.68 B 1.69 M 163 B 19.26%
Number of Holdings 28 2 1683 96.31%
Net Assets in Top 10 3.11 B 435 K 38.9 B 11.52%
Weighting of Top 10 57.81% 4.8% 98.8% 2.80%

Top 10 Holdings

  1. Lennar Corp. COM USD0.10 CLASS A 7.21%
  2. D.R. Horton, Inc. COM USD0.01 6.53%
  3. Merck Co., Inc COM USD0.50 6.23%
  4. American Express Company COM USD0.20 6.22%
  5. Occidental Petroleum Corporation COM USD0.20 5.98%
  6. Simon Property Group Inc COM USD0.0001 5.72%
  7. The Macerich Company COM USD0.01 5.55%
  8. NVR Inc COM USD0.01 5.05%
  9. Amgen Inc. COM USD0.0001 4.73%
  10. Ovintiv Inc COM 4.59%

Asset Allocation

Weighting Return Low Return High SMVLX % Rank
Stocks
96.67% 2.48% 108.67% 78.76%
Cash
4.06% 0.00% 20.27% 14.13%
Preferred Stocks
0.00% 0.00% 14.68% 30.87%
Other
0.00% -1.68% 42.55% 47.43%
Convertible Bonds
0.00% 0.00% 3.66% 26.85%
Bonds
0.00% -1.92% 77.58% 30.33%

Stock Sector Breakdown

Weighting Return Low Return High SMVLX % Rank
Energy
27.79% 0.00% 54.00% 0.54%
Consumer Cyclical
19.31% 0.00% 22.74% 1.00%
Financial Services
17.15% 0.00% 58.05% 70.75%
Healthcare
14.05% 0.00% 30.08% 82.92%
Real Estate
8.46% 0.00% 90.54% 2.27%
Communication Services
4.84% 0.00% 26.58% 60.94%
Consumer Defense
4.16% 0.00% 34.10% 88.28%
Technology
2.19% 0.00% 54.02% 96.91%
Industrials
2.04% 0.00% 42.76% 98.27%
Utilities
0.00% 0.00% 27.04% 90.64%
Basic Materials
0.00% 0.00% 21.69% 93.10%

Stock Geographic Breakdown

Weighting Return Low Return High SMVLX % Rank
US
96.67% 2.48% 108.67% 61.21%
Non US
0.00% 0.00% 26.07% 48.96%

SMVLX - Expenses

Operational Fees

SMVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.03% 14.82% 27.82%
Management Fee 0.75% 0.00% 1.50% 82.94%
12b-1 Fee 0.25% 0.00% 1.00% 31.12%
Administrative Fee N/A 0.00% 0.50% 54.47%

Sales Fees

SMVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

SMVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SMVLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 17.40% 0.00% 488.00% 14.93%

SMVLX - Distributions

Dividend Yield Analysis

SMVLX Category Low Category High SMVLX % Rank
Dividend Yield 1.29% 0.00% 16.67% 82.07%

Dividend Distribution Analysis

SMVLX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Annual

Net Income Ratio Analysis

SMVLX Category Low Category High SMVLX % Rank
Net Income Ratio 0.27% -1.51% 4.28% 92.27%

Capital Gain Distribution Analysis

SMVLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

SMVLX - Fund Manager Analysis

Managers

William Smead


Start Date

Tenure

Tenure Rank

Jan 02, 2008

14.42

14.4%

William W. Smead founded Smead Capital Management, Inc. in July 2007, and serves as Chief Investment Officer of the firm. Prior to founding Smead Capital Management, Inc., Mr. Smead served as Portfolio Manager and Director of Investments for Smead Investment Group of Wachovia Securities from September 2001 through June 2007. Prior to that, Mr. Smead served as a financial advisor and portfolio manager with Smith Barney from February 1993 to September 2001

Cole Smead


Start Date

Tenure

Tenure Rank

Aug 31, 2014

7.75

7.8%

Cole W. Smead, CFA® joined Smead Capital Management, Inc. at its inception in 2007 and serves as President and Portfolio Manager of the firm. Mr. Smead received his B.A. in Economics/History from Whitman College in 2006. Prior to joining Smead Capital Management, Inc., Mr. Smead was a Financial Advisor at Wachovia Securities in Scottsdale, Arizona. Mr. Smead holds the Chartered Financial Analyst® designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 7.96 6.71