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Rating:15 Years, $4.5B In AUM Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 7, 2023

15 Years, $4.5B In AUM

Reported by Neil Anderson, Managing Editor

The team at a boutique asset manager is celebrating the crystal anniversary of their flagship large cap equity mutual fund.

Cole W. Smead
Smead Capital management
CEO, Portfolio Manager
Last week, Cole Smead, CEO of Smead Capital Management, Inc. [profile], and Bill Smead, founder and chief investment officer, trumpeted the recent 15th anniversary of the Smead Value Fund. The fund's inception date was January 2, 2008, and as of December 31, 2022 it had grown to $4.5 billion in AUM (out of more than $5 billion total for the whole Phoenix-based firm).

The fund is a series of the Smead Funds Trust, will Bill Smead and Cole Smead serving as PMs. (Bill Smead has PMed the fund since inception.)

The fund comes in seven flavors: investor shares (SMVLX), with an expense ratio of 126 basis points; A shares (SVFAX), with an expense ratio of 126 bps, plus up to 575 bps in front end load and up to 100 bps in deferred load; C shares (SVFCX), with an expense ratio of 184 bps and up to 100 bps in deferred load; I1 shares (SVFFX) with an expense ratio of 99 bps; R1 shares (SVFDX) with an expense ratio of 159 bps; R2 shares (SVFKX) with an expense ratio of 144 bps; and Y shares (SVFYX) with an expense ratio of 84 bps.

"We applaud our investors for the success they have had over the last 15 years," Cole Smead states. (The Smead Capital Management team notes that the fund's investor shares had returned 10.07 percent since inception as of January 31, 2023, which is 0.77 percent better than the fund's benchmark: the S&P 500.)

The fund's other service providers include: Cohen & Company, Ltd. as independent accounting firm; Godfrey & Kahn, S.C. as counsel; State Street Bank and Trust Company as custodian, fund accountant, and fund administrator; UMB Distribution Services, LLC as distributor; and UMB Fund Services, Inc. as dividend paying agent and transfer agent. 

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