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Smead Capital [profile] has reported that the Smead Value Fund (Investor Share Class: SMVLX, Institutional Share Class: SMVMX) recently hit $400 million in assets under management.

According to the company, the fund saw an increase of $100 million in assets under management in just under a month and a half, as a result of partnerships with RIA�s and brokerage firms.

�As we focus on growing our business, we believe that our humble offering is having an impact with the advisors and family offices that we work with,� stated Cole Smead, Director of Marketing and Sales. �Our firm�s greatest opportunity over the next 3 years is to expand the Smead Value Fund�s involvement with wealth managers in the major wirehouses and the registered investment advisor community.�

Here is the press release:

Company Press Release

Smead Value Fund Reaches $400 Million

Large-cap fund sees rapid growth SEATTLE--The Smead Value Fund (Investor Share Class: SMVLX, Institutional Share Class: SMVMX) recently ascended to $400 million in assets under management. This milestone represents an increase of $100 million in assets under management in just under a month and a half, as a result of partnerships with RIA�s and brokerage firms.

�We feel tremendous gratitude for the traction our fund is gaining in the marketplace,� said Bill Smead, Chief Investment Officer of Smead Capital Management. �We think we are the 3rd inning of a long game and we continue to be excited the market on a going forward basis.�

�As we focus on growing our business, we believe that our humble offering is having an impact with the advisors and family offices that we work with,� noted Cole Smead, Director of Marketing and Sales. �Our firm�s greatest opportunity over the next 3 years is to expand the Smead Value Fund�s involvement with wealth managers in the major wirehouses and the registered investment advisor community.�

About the Smead Value Fund

The Smead Value Fund (Investor Share Class: SMVLX, Institutional Share Class; SMVMX) is a large-cap open-end mutual fund that was launched on January 2nd, 2008. Seattle-based Smead Capital Management is the Adviser to the Fund. Bill Smead is the Lead Portfolio Manager of the Fund. He is assisted by Co-Portfolio Manager Tony Scherrer. For more information, visit http://www.smeadcap.com or call (206) 838-9850.

About Smead Capital Management

Smead Capital Management manages large-cap portfolios for advisors, family offices and institutions with a value-oriented investment discipline. As of May 21st, 2013, the firm managed $470 million in all accounts, including mutual funds. The firm was formed in July 2007 by CIO Bill Smead, who first created the firm�s investment discipline in 1993 while he was at a predecessor firm. For more information, visit http://www.smeadcap.com or call (206) 838-9850.

Mutual fund investing involves risk. Principal loss is possible.

The Smead Value Fund�s investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and may be obtained by calling 877-701-2883 or visitingwww.smeadfunds.com. Read carefully before investing.

The Smead Value Fund is distributed by Quasar Distributors, LLC.

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