The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Fund #2 Crosses $100MM In 20 Months Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, September 13, 2023

Fund #2 Crosses $100MM In 20 Months

Reported by Neil Anderson, Managing Editor

The team at a $5.7-billion-AUM (as of August 31) Arizona fund firm is celebrating the rise of their newest mutual fund into nine-figure territory.

Cole W. Smead
Smead Capital management
CEO, Portfolio Manager
On Monday, Cole Smead, CEO and president of Smead Capital Management, Inc. [profile], and Bill Smead, chief investment officer, confirmed that the Smead International Value Fund recently surpassed $100 million in AUM. The fund is the 16-year-old, Phoenix-based firm's second mutual ever.

The Smead International Value Fund, a series of the Smead Funds Trust, launched in January 2022 as a reorganization of a $25-million-AUM, seven-year-old Smead hedge fund powered by the same strategy. Cole Smead has served as lead portfolio manager since the mutual fund's inception, and Bill Smead has served as co-PM since inception. Smead Capital Management serves as the fund's investment advisor.

The 20-month-old mutual fund comes in six flavors: A shares (SVXAX), with up to 575 basis points in up-front load, up to 100bps in deferred load, an expense ratio of 142bps, and a minimum initial investment of $3,000; Investor shares (SVXLX), with an expense ratio of 125bps and a $3,000 minimum; C shares (SVXCX), with up to 100bps in deferred load, an expense ratio of 200bps, and a $25,000 minimum; I1 shares (SVXFX), with an expense ratio of 115bps and a $1 million minimum; I2 shares (SVXIX), with an expense ratio of 110bps and a $1 million minimum; and Y shares (SVXYX), with an expense ratio of 100bps and a $10 million minimum.

"Our investors joined with us as partners to utilize our investment discipline abroad over the last eight years," Cole Smead states, contrasting the fund's success with the context of many investors thinking that attractive returns are only to be found in the U.S. "Stock market failure has been rampant among foreign equity exchanges creating psychology that provides an ideal temperature to execute our investment authority."

"We continue to look forward to being invested side-by-side with the strongest owner-operators outside the U.S.," Bill Smead states.

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

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. WE Pacific NW - Year-End Holiday Social and Chapter Leadership Drive, December 5
  2. WE South - A Deep Dive Into the Offshore Ecosystem, December 6
  3. MFDF webinar - Unique Oversight Considerations For ETFs, December 6
  4. Stradley Ronon's Financial Services Regulatory Workshop, December 6
  5. MMI webinar - From an Idea to a Movement: Choosing Self-Confidence + Finding Our Strengths, December 7
  6. SEC Investor Advisory Committee Meeting, December 7
  7. MMI webinar - Make Your Money Work For You, December 12
  8. MFDF In Focus: Impacts of SCOTUS Affirmative Action Decision on Fund Boards and Industry Diversity Efforts, December 12
  9. P&I Best Places to Work In Money Management - The Future of Asset Management, December 12
  10. MFDF webinar - Investment Valuation and Governance: Deloitte's 21st Annual Fair Valuation Pricing Survey, December 13
  11. MFDF Director Discussion Series - Open Forum via Zoom, December 14
  12. MFDF 2024 Directors' Institute, January 22 - 24, 2024
  13. 2024 ICI Innovate, February 6 - 8, 2024
  14. The Advyzon Conference, February 20 - 22, 2024
  15. Raymond James 2024 Annual Shareholders Meeting, February 22, 2024
  16. MFDF 2024 Fund Governance & Regulatory Insights Conference, March 7 - 8, 2024
  17. Nicsa 2024 Strategic Leadership Forum, March 13 - 15, 2024
  18. 2024 MMI Summit, March 13 - 14, 2024
  19. Women In ETFs 10-Year Anniversary Celebration, March 14, 2024
  20. Wealth Management Edge 2024, May 13 - 16, 2024
  21. MFDF Conference of Fund Leaders Forum, June 5, 2024
  22. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20, 2024
  23. Morningstar Investment Conference Conference 2024, June 26 - 27, 2024
  24. 2024 MMI Annual Conference, October 15 - 17, 2024

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use