SVXIX — Smead International Value Fund
Data updated: 2026-07-23
SVXIX — Smead International Value Fund. Developed ex-US Mid Cap Value Energy Equity · $304.18M AUM. Holdings, fees, performance and SEC filings.
SVXIX Fund Overview
SVXIX — Smead International Value Fund is a US mutual fund managed by Smead Funds Trust, categorised as Developed ex-US Mid Cap Value Energy 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: Developed ex-US Mid Cap Value Energy Equity
- Assets under management: $304.18M
- Ticker: SVXIX
- SEC CIK: 0001614370
- SEC series ID: S000075026
- Share class ID: C000233725
SVXIX Investment Objective and Strategy
Smead International 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 International Value Fund (the Fund) is long-term capital appreciation.
Principal investment strategy
To achieve its investment objective, under normal market circumstances, the Fund will invest at least 80% of its net assets (including borrowings for investment purposes) in the stock of non-U.S. companies. For this purpose, a non-U.S. company means (i) a company whose primary listing is on a non-U.S. exchange or (ii) a company whose stock is U.S.-listed but that derives a majority of its revenue from products, investments or services outside the U.S. The Fund intends to maintain approximately 25-30 companies in its portfolio and will invest primarily in the common stocks of large capitalization (large-cap) non-U.S. companies in developed countries. The Fund considers large-cap companies to be those publicly traded companies with market capitalizations exceeding $5 billion at the time of purchase.
The Fund may also invest in mid-cap and small-cap companies. The Fund considers mid-cap companies to be those publicly traded companies with market capitalizations between $3 billion and $5 billion at the time of purchase, and small-cap companies to be those publicly traded companies with market capitalizations between $1 billion and $3 billion at the time of purchase. In addition to common stocks, the Fund may also invest in convertible securities, consisting primarily of warrants that are convertible into or exchangeable for equity securities. A warrant gives the holder the right to purchase at any time during a specified period a predetermined number of shares of common stock at a fixed price. The Fund intends to invest in multiple countries outside the United States. The Fund may invest significantly (more than 10% of its net asset value) in Canada, Germany, Italy and the United Kingdom.
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), financials (financial services provided to retail and commercial customers), media (music production and telecom services), materials (mining and metals, chemicals and forest products), energy (services related to the production and supply of energy) and real estate (services related to real estate development and leasing). The Adviser selects the Funds investments by screening non-U.S. companies, regardless of capitalization, 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: 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. 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.
SVXIX Holdings
Top 10 holdings of Smead International Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Northern Institutional Funds | 10.20% |
| Cenovus Energy, Inc. | 9.73% |
| Bawag Group AG | 9.05% |
| Strathcona Resources Ltd. | 6.99% |
| Tamarack Valley Energy Ltd. | 5.66% |
| Glencore PLC | 5.14% |
| Unicredit Spa | 5.02% |
| Frontline PLC | 4.43% |
| Bankinter SA | 4.26% |
| Barclays PLC | 4.08% |
SVXIX Portfolio Allocation
Asset-class allocation of Smead International Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 88.7% |
| Cash & Equivalents | 10.2% |
| Derivatives | 0.7% |
SVXIX Performance
Total returns for SVXIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 22.4% |
| 1 year | 48.1% |
| 3 years (annualised) | 27.3% |
SVXIX Risk Information
Risk metrics for SVXIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.5%
SVXIX Costs and Fees
SVXIX costs about $111 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.11%
- Gross expense ratio: 1.15%
- Portfolio turnover: 30%
- Brokerage commissions: 5.24 bps of average net assets (SEC N-CEN)
SVXIX Cashflows
Over the 12 months to 2026-05, Smead International Value Fund had net inflows of $54.71M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | $9.69M |
| 2026-04 | $19.18M |
| 2026-03 | $4.11M |
| 2026-02 | $18.89M |
| 2026-01 | $1.75M |
| 2025-12 | $2.49M |
SVXIX Debt Constituents
No individual debt constituents are reported in Smead International Value Fund's latest SEC N-PORT filing.
SVXIX Prospectus and SEC Filings
Official Smead International 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
Related 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.