SVFIX — Smead Value Fund
Data updated: 2026-07-23
SVFIX — Smead Value Fund. United States Mid Cap Value Equity · $3.89B AUM · 0.91% expense ratio. Holdings, fees, performance and SEC filings.
SVFIX Fund Overview
SVFIX — Smead Value Fund is a US mutual fund managed by Smead Funds Trust, categorised as United States Mid Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Smead Funds Trust
- Category: United States Mid Cap Value Equity
- Assets under management: $3.89B
- Ticker: SVFIX
- SEC CIK: 0001614370
- SEC series ID: S000047006
- Share class ID: C000146932
SVFIX Investment Objective and Strategy
Smead Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Smead Funds Trust.
Investment objective
The investment objective of the Smead Value Fund (the “Fund”) is long-term capital appreciation.
Principal investment strategy
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 Funds investment policies, the market capitalization of a company is based on its capitalization at the time the Fund purchases the companys securities. The Adviser selects the Funds investments by screening large-cap companies using the following eight criteria: Required over entire holding period products or services that meet a clear economic need; strong competitive advantage (wide moats or barriers to entry); long history of profitability and strong metrics (net profit margin, return on equity and net income ratios); 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 managements 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 Funds portfolio is built around high quality companies whose businesses have strong competitive advantages that the Adviser believes can be sustained for the long term. Once securities are purchased, the Adviser maintains a responsive process that is designed to manage overall portfolio risk by protecting against a significant decline in value of a security. 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. 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), information technology (goods and services related to technology), financials (financial services provided to retail and commercial customers) and health care (medical services, goods and equipment).
SVFIX Holdings
Top 10 holdings of Smead Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Northern Institutional Funds | 7.35% |
| Cenovus Energy, Inc. | 6.88% |
| Simon Property Group, Inc. | 6.12% |
| Apa Corp. | 6.09% |
| Merck & Company, Inc. | 5.91% |
| Macerich Company (the) | 5.52% |
| Amgen, Inc. | 4.74% |
| D.r. Horton, Inc. | 4.44% |
| Diamondback Energy, Inc. | 4.13% |
| Lennar Corp. | 3.87% |
SVFIX Portfolio Allocation
Asset-class allocation of Smead Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 92.8% |
| Cash & Equivalents | 7.4% |
SVFIX Performance
Total returns for SVFIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 13.1% |
| 1 year | 30.3% |
| 3 years (annualised) | 15.0% |
| 5 years (annualised) | 9.7% |
SVFIX Risk Information
Risk metrics for SVFIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 11.2%
SVFIX Costs and Fees
SVFIX costs about $91 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.91%
- Gross expense ratio: 0.91%
- Portfolio turnover: 16%
- Brokerage commissions: 2.32 bps of average net assets (SEC N-CEN)
SVFIX Cashflows
Over the 12 months to 2026-05, Smead Value Fund had net outflows of $1.64B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$47.89M |
| 2026-04 | −$97.80M |
| 2026-03 | −$504.92M |
| 2026-02 | −$71.10M |
| 2026-01 | −$146.13M |
| 2025-12 | −$8.78M |
SVFIX Debt Constituents
No individual debt constituents are reported in Smead Value Fund's latest SEC N-PORT filing.
SVFIX Prospectus and SEC Filings
Official Smead Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-03-26
- Prospectus (485BPOS) — filed 2025-03-27
- Prospectus supplement (497) — filed 2024-12-27
- Portfolio holdings (N-PORT) — filed 2026-07-23
- Portfolio holdings (N-PORT) — filed 2026-04-24
- Portfolio holdings (N-PORT) — filed 2026-01-20
- Annual census (N-CEN) — filed 2026-02-12
- Annual census (N-CEN) — filed 2025-02-10
Related Funds
Other United States Mid Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.