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Smead Value Fund
mutual fund
SVFDX
Payout Change
Pending
Price as of:
$77.17
+0.58
+0.76%
primary theme
U.S. Large-Cap Value Equity
SVFDX (Mutual Fund)
Smead Value Fund
Payout Change
Pending
Price as of:
$77.17
+0.58
+0.76%
primary theme
U.S. Large-Cap Value Equity
SVFDX (Mutual Fund)
Smead Value Fund
Payout Change
Pending
Price as of:
$77.17
+0.58
+0.76%
primary theme
U.S. Large-Cap Value Equity
Name
As of 12/24/2024Price
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
Vitals
YTD Return
2.9%
1 yr return
3.4%
3 Yr Avg Return
6.2%
5 Yr Avg Return
11.2%
Net Assets
$6.18 B
Holdings in Top 10
54.8%
52 WEEK LOW AND HIGH
$76.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 17.40%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
SVFDX - Profile
Distributions
- YTD Total Return 2.9%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 11.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.05%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameSmead Value Fund
-
Fund Family NameSmead Funds
-
Inception DateNov 25, 2014
-
Shares Outstanding2595
-
Share ClassR1
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerWilliam 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.
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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.
SVFDX - Performance
Return Ranking - Trailing
| Period | SVFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.9% | -32.7% | 51.5% | 96.25% |
| 1 Yr | 3.4% | -32.4% | 51.6% | 96.34% |
| 3 Yr | 6.2%* | -9.5% | 17.8% | 65.21% |
| 5 Yr | 11.2%* | -2.1% | 43.8% | 18.17% |
| 10 Yr | 10.2%* | 1.2% | 24.7% | 11.34% |
* Annualized
Return Ranking - Calendar
| Period | SVFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.0% | -16.9% | 46.1% | 6.94% |
| 2022 | -4.7% | -64.7% | 4.6% | 9.79% |
| 2021 | 37.1% | -44.2% | 57.5% | 0.78% |
| 2020 | 0.3% | -23.2% | 285.0% | 43.98% |
| 2019 | 22.0% | -21.4% | 48.5% | 31.23% |
Total Return Ranking - Trailing
| Period | SVFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.9% | -32.7% | 51.5% | 96.25% |
| 1 Yr | 3.4% | -32.4% | 51.6% | 96.34% |
| 3 Yr | 6.2%* | -9.5% | 17.8% | 65.21% |
| 5 Yr | 11.2%* | -2.1% | 43.8% | 18.17% |
| 10 Yr | 10.2%* | 1.2% | 24.7% | 11.34% |
* Annualized
Total Return Ranking - Calendar
| Period | SVFDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 18.3% | -15.9% | 46.7% | 11.54% |
| 2022 | -3.1% | -42.0% | 8.5% | 26.24% |
| 2021 | 42.3% | 3.6% | 129.7% | 0.88% |
| 2020 | 1.4% | -22.6% | 304.8% | 64.56% |
| 2019 | 25.9% | -12.7% | 52.1% | 45.71% |
NAV & Total Return History
SVFDX - Holdings
Concentration Analysis
| SVFDX | Category Low | Category High | SVFDX % Rank | |
|---|---|---|---|---|
| Net Assets | 6.18 B | 2.09 M | 163 B | 20.02% |
| Number of Holdings | 28 | 2 | 1727 | 96.54% |
| Net Assets in Top 10 | 3.51 B | 466 K | 39.5 B | 10.94% |
| Weighting of Top 10 | 54.77% | 4.4% | 99.1% | 4.12% |
Top 10 Holdings
- Lennar Corp. COM USD0.10 CLASS A 6.56%
- D.R. Horton, Inc. COM USD0.01 6.42%
- Northern Inst Fds TREAS PRT PRMR 6.00%
- Simon Property Group Inc COM USD0.0001 5.93%
- American Express Company COM USD0.20 5.70%
- Amgen Inc. COM USD0.0001 5.29%
- Occidental Petroleum Corporation COM USD0.20 5.07%
- Merck Co., Inc COM USD0.50 4.90%
- NVR Inc COM USD0.01 4.49%
- The Macerich Company COM USD0.01 4.41%
Asset Allocation
| Weighting | Return Low | Return High | SVFDX % Rank | |
|---|---|---|---|---|
| Stocks | 93.95% | 4.16% | 102.49% | 92.61% |
| Cash | 6.05% | 0.00% | 17.28% | 3.93% |
| Preferred Stocks | 0.00% | 0.00% | 13.68% | 49.86% |
| Other | 0.00% | -2.59% | 39.89% | 57.81% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 46.71% |
| Bonds | 0.00% | 0.00% | 97.99% | 48.83% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SVFDX % Rank | |
|---|---|---|---|---|
| Energy | 27.79% | 0.00% | 54.00% | 0.57% |
| Consumer Cyclical | 19.31% | 0.00% | 22.74% | 1.04% |
| Financial Services | 17.15% | 0.00% | 58.05% | 70.63% |
| Healthcare | 14.05% | 0.00% | 30.08% | 83.19% |
| Real Estate | 8.46% | 0.00% | 90.54% | 2.36% |
| Communication Services | 4.84% | 0.00% | 26.58% | 61.28% |
| Consumer Defense | 4.16% | 0.00% | 34.10% | 88.48% |
| Technology | 2.19% | 0.00% | 54.02% | 96.79% |
| Industrials | 2.04% | 0.00% | 42.76% | 98.21% |
| Utilities | 0.00% | 0.00% | 27.04% | 93.11% |
| Basic Materials | 0.00% | 0.00% | 20.01% | 94.90% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SVFDX % Rank | |
|---|---|---|---|---|
| US | 90.85% | 4.16% | 102.49% | 84.57% |
| Non US | 3.10% | 0.00% | 24.08% | 20.11% |
SVFDX - Expenses
Operational Fees
| SVFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.57% | 0.03% | 14.82% | 16.71% |
| Management Fee | 0.75% | 0.00% | 1.50% | 84.80% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 67.89% |
| Administrative Fee | N/A | 0.00% | 0.50% | N/A |
Sales Fees
| SVFDX 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
| SVFDX 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.
| SVFDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 17.40% | 0.00% | 488.00% | 15.30% |
SVFDX - Distributions
Dividend Yield Analysis
| SVFDX | Category Low | Category High | SVFDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.53% | 0.00% | 16.67% | 87.08% |
Dividend Distribution Analysis
| SVFDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| SVFDX | Category Low | Category High | SVFDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.05% | -1.51% | 4.28% | 96.84% |
Capital Gain Distribution Analysis
| SVFDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $1.173 | OrdinaryDividend |
| Dec 14, 2023 | $0.849 | OrdinaryDividend |
| Dec 15, 2022 | $1.078 | OrdinaryDividend |
| Dec 16, 2021 | $2.552 | CapitalGainLongTerm |
| Dec 17, 2020 | $0.207 | OrdinaryDividend |
| Dec 17, 2020 | $0.360 | CapitalGainLongTerm |
| Dec 19, 2019 | $1.574 | CapitalGainLongTerm |
| Dec 13, 2018 | $3.096 | CapitalGainLongTerm |
| Dec 14, 2017 | $2.003 | CapitalGainLongTerm |
| Dec 14, 2017 | $0.021 | OrdinaryDividend |
| Dec 15, 2016 | $1.030 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.240 | OrdinaryDividend |
| Dec 17, 2015 | $0.294 | OrdinaryDividend |
| Dec 17, 2015 | $1.003 | CapitalGainLongTerm |
SVFDX - 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 | 8.12 | 6.71 |
