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Holdings

2Q 2021 Smead US Value UCITS Fund

1Q 2021 Smead US Value UCITS Fund

4Q 2020 Smead US Value UCITS Fund

3Q 2020 Smead US Value UCITS Fund

Shareholder Letters

2Q 2021 Shareholder Letter Smead US Value UCITS Fund

1Q 2021 Shareholder Letter Smead US Value UCITS Fund

4Q 2020 Shareholder Letter Smead US Value UCITS Fund

3Q 2020 Shareholder Letter Smead US Value UCITS Fund

Prospectus

Smead Funds Prospectus

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Applications

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Reports

Semi-Annual Report - 30/06/2020

Annual Report - 31/12/2020

Investor Tax Report

Investor Tax Report - 2016

Privacy Notice

Smead Funds - Notices to Shareholders

  • Fact Sheets
  • Holdings
  • Shareholder Letters
  • Prospectus & Articles of Incorporation
  • Applications & Forms
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  • KIIDs

Fact Sheets - Offshore

Q2 2021 Fund Fact Sheet - Offshore

Q1 Fund Fact Sheet - Offshore

Q4 2020 Fund Fact Sheet - Offshore

Q3 2020 Fund Fact Sheet - Offshore

Fact Sheets - US

Q2 2021 Fund Fact Sheet - US

Q1 2021 Fund Fact Sheet - US

Q4 2020 Fund Fact Sheet - US

Q3 2020 Fund Fact Sheet - US

Fact Sheets - Spanish

Q2 2021 Fund Fact Sheet - Spanish

Q1 2021 Fund Fact Sheet - Spanish

Q4 2020 Fund Fact Sheet - Spanish

Q3 2020 Fund Fact Sheet - Spanish

Fact Sheets - German

Q2 2021 Fund Fact Sheet - German

Q1 2021 Fund Fact Sheet - German

Q4 2020 Fund Fact Sheet - German

Q3 2020 Fund Fact Sheet - German

Fact Sheets - French

Q2 2021 Fund Fact Sheet - French

Q1 2021 Fund Fact Sheet - French

Q4 2020 Fund Fact Sheet - French

Q3 2020 Fund Fact Sheet - French

Fact Sheets - Dutch

Q2 2021 Fund Fact Sheet - Dutch

Q1 2021 Fund Fact Sheet - Dutch

Q4 2020 Fund Fact Sheet - Dutch

Q3 2020 Fund Fact Sheet - Dutch

Holdings

2Q 2021 Smead US Value UCITS Fund

1Q 2021 Smead US Value UCITS Fund

4Q 2020 Smead US Value UCITS Fund

3Q 2020 Smead US Value UCITS Fund

Shareholder Letters

2Q 2021 Shareholder Letter Smead US Value UCITS Fund

1Q 2021 Shareholder Letter Smead US Value UCITS Fund

4Q 2020 Shareholder Letter Smead US Value UCITS Fund

3Q 2020 Shareholder Letter Smead US Value UCITS Fund

Prospectus

Smead Funds Prospectus

Smead Funds Prospectus for Austrian Investors

Smead Funds Prospectus for French Investors

Smead Funds Prospectus for German Investors

Smead Funds Prospectus for U.K. Investors

Articles of Incorporation

Articles of Incorporation

Applications

Institutional Account Application

Institutional Self Certification

Individual Account Application

Individual Self Certification

Forms

Subscription Request Form

Redemption Request Form

Exchange Request Form

Reports

Semi-Annual Report - 30/06/2020

Annual Report - 31/12/2020

Investor Tax Report

Investor Tax Report - 2016

Privacy Notice

Smead Funds - Notices to Shareholders

KIIDS English (US-Inst)

M ACC USD

KIIDS English (Bel-Retail)

A ACC USD

R ACC USD

KIIDS French (Bel-Retail)

A ACC USD

R ACC USD

KIIDS Dutch (Bel-Retail)

A ACC USD

KIIDS English (Lux-Retail)

R ACC USD

KIIDS French (Lux-Retail)

R ACC USD

English KIIDS (Lux-Inst)

I USD ACC

I GBP ACC

I EUR ACC

I EUR ACC (Hedged)

I GBP DIS

A ACC USD

R ACC USD

Y ACC USD

KIIDS German (Lux-Inst)

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I GBP ACC

I EUR ACC

I EUR ACC (Hedged)

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KIIDS French (Lux-Inst)

A ACC USD

I USD ACC

I EUR ACC

I EUR ACC (Hedged)

R ACC USD

KIIDS Dutch (Lux-Inst)

A ACC USD

KIIDS - English (Bel-Inst)

I USD ACC

I EUR ACC

I EUR ACC (Hedged)

A ACC USD

R ACC USD

Y ACC USD

KIIDS German (Bel-Inst)

I USD ACC

I EUR ACC

I EUR ACC (Hedged)

Y USD ACC

KIIDS French (Bel-Inst)

A ACC USD

I USD ACC

I EUR ACC

I EUR ACC (Hedged)

R ACC USD

KIIDS Dutch (Bel-Inst)

A ACC USD

KIIDS English (UK-Inst)

I USD ACC

I GBP ACC

I EUR ACC

I EUR ACC (Hedged)

I GBP DIS

R ACC USD

Y ACC USD

KIIDS German (UK-Inst)

I USD ACC

I GBP ACC

I EUR ACC

I EUR ACC (Hedged)

Y USD ACC

KIIDS French (UK-Inst)

I USD ACC

I EUR ACC

I EUR ACC (Hedged)

R ACC USD

KIIDS English (UK-Retail)

R ACC USD

KIIDS French (UK-Retail)

R ACC USD

KIIDs English (Ger-Aus-Inst)

I USD ACC

I GBP ACC

I EUR ACC

I EUR ACC (Hedged)

KIIDS German (Ger-Aus-Inst)

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KIIDS French (Ger-Aus-Inst)

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I EUR ACC

I EUR ACC (Hedged)

  • Daily Share Price
  • Tickers, ISINs & Minimums

As of 07/21/2021


I Share Class

USD ACC: $587.33

Bloomberg: SMVUSIU

EUR ACC: $498.91

Bloomberg: SMVUSIE

GBP ACC: $684.38

Bloomberg: SMVUSIG

GBP DIS: $681.44

Bloomberg: SMDUSIG

R Share Class

USD: $326.81

Bloomberg: SMVUSRU

Y Share Class

USD ACC: $264.74

Bloomberg: SMVUSYU

M Share Class

USD: $560.25

Bloomberg: SMVUSMU

A Share Class

USD: $558.45

Bloomberg: SMDUSAU

I Share Class

Minimum Investment: $1,000,000

USD ACC: $587.33

Bloomberg: SMVUSIU

ISIN: LU0979706610

EUR ACC: €498.91

Bloomberg: SMVUSIE

ISIN: LU0979706966

GBP ACC: £684.38

Bloomberg: SMVUSIG

ISIN: LU0979706883

GBP DIS: £681.44

Bloomberg: SMDUSIG

ISIN: LU1373908331

R Share Class

Minimum Investment: $3,500

USD: $326.81

Bloomberg: SMVUSRU

ISIN: LU2100869861

Y Share Class

Minimum Investment: $25,000,000

USD ACC: $264.74

Bloomberg: SMVUSYU

ISIN: LU2314635694

M Share Class

Minimum Investment: $10,000

USD: $560.25

Bloomberg: SMVUSMU

ISIN: LU1373909149

A Share Class

Minimum Investment: $10,000

USD: $558.45

Bloomberg: SMDUSAU

ISIN: LU1376305246

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Investors should carefully read the prospectus, the key investor information document and all other relevant documentation before investing in the fund. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Currency fluctuations may have a negative impact on the value of an investment in the fund. Net performance results are calculated after management fees and certain operational costs, commissions, fees and other charges that could have a negative impact on performance. The performance figures given are a measure of the change in net asset value of the Fund which are net of all Fund fees and expenses but do not take into account taxes or charges. The S&P 500 NR Index is a market-value weighted index consisting of 500 stocks chosen for market size, liquidity, and industry group representation. The Russell 1000 Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values. Both indexes include a 30% withholding for non-US securities. One cannot invest directly in an index.

Smead US Value UCITS Fund Disclosure

Smead Funds – Smead US Value UCITS Fund, incorporated on December 4, 2015, is a UCITS organized as an investment company with variable capital, with one sub-fund (Société d’investissement à capital variable, “SICAV”) under the laws of Luxembourg, and is regulated by the Commission de Surveillance du Secteur Financier (“CSSF”) which is the Luxembourg supervisory authority.

Investors should carefully read the prospectus, more specifically its section on risk factors, the Key Investor Information Document (“KIID”) and all other relevant documentation before investing in the fund. Further information about the sub-fund, including copies of its prospectus, the last annual reports and any subsequent half yearly reports of the Fund can be obtained free of charge, in English, at the registered office of the Fund, Central Administrator, the Custodian Bank, the Fund distributors or online here. Holdings are available upon request.

These agreements may be amended by mutual agreement of the parties involved. Luxembourg taxation regime may have an impact on the personal tax position of the investors. Depending on your own country of residence, this might have an impact on your investment. For further details you should consult a tax adviser. The latest prices of share class of the Fund can be found at the depositary and at all distributors or on the Delegated Manager website (www.smeadcap.com). The assets and the liabilities of the sub-fund are segregated by law. Shareholders may request at any time the conversion of all or part of their holdings into shares of another category and/ or class of shares. There are no conversion fees. For more details on how to exercise that right refer to the Fund’s prospectus. Lemanik Asset Management S.A. was appointed as Management Company of the Fund with effect 1 October 2020 and may be held liable solely on the basis of any statement contained in this document that is misleading, inaccurate or inconsistent with the relevant parts of the prospectus for the Fund. Smead Capital Management is the Delegated manager of this sub-fund. This fund is authorized in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. Lemanik Asset Management S.A. is authorized in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier. This key investor information is accurate as at 22/02/2016.

Fund holdings and sector allocation and asset allocations are subject to change and are not recommendations to buy or sell any security.

This does not constitute the solicitation of an offer to purchase or subscribe for any investment, financial instrument or service in any jurisdiction where such a solicitation of an offer is unlawful. The Fund is only available for investment by non-US citizens who are not residents of the US. The Fund is not offered for sale or sold in the US, its territories or possessions. The Fund is not registered for sale to the public in all jurisdictions. Subscriptions will only be received and shares issued on the basis of the current prospectus for the Fund, the most recent financial reports and the simplified prospectus. Smead Capital Management is the investment manager of the Smead US Value UCITS Fund.

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell ® is a trademark of Russell Investment Group.

The information contained within this document has not been reviewed in light of your personal circumstances.

Smead Capital Management UK (LTD) is authorised and regulated by the Financial Conduct Authority.

  • Daily Share Price
  • Tickers, ISINs & Minimums

As of 07/21/2021


I Share Class

USD ACC: $587.33

Bloomberg: SMVUSIU

EUR ACC: $498.91

Bloomberg: SMVUSIE

GBP ACC: $684.38

Bloomberg: SMVUSIG

GBP DIS: $681.44

Bloomberg: SMDUSIG

R Share Class

USD: $326.81

Bloomberg: SMVUSRU

Y Share Class

USD ACC: $264.74

Bloomberg: SMVUSYU

M Share Class

USD: $560.25

Bloomberg: SMVUSMU

A Share Class

USD: $558.45

Bloomberg: SMDUSAU

I Share Class

Minimum Investment: $1,000,000

USD ACC: $587.33

Bloomberg: SMVUSIU

ISIN: LU0979706610

EUR ACC: €498.91

Bloomberg: SMVUSIE

ISIN: LU0979706966

GBP ACC: £684.38

Bloomberg: SMVUSIG

ISIN: LU0979706883

GBP DIS: £681.44

Bloomberg: SMDUSIG

ISIN: LU1373908331

R Share Class

Minimum Investment: $3,500

USD: $326.81

Bloomberg: SMVUSRU

ISIN: LU2100869861

Y Share Class

Minimum Investment: $25,000,000

USD ACC: $264.74

Bloomberg: SMVUSYU

ISIN: LU2314635694

M Share Class

Minimum Investment: $10,000

USD: $560.25

Bloomberg: SMVUSMU

ISIN: LU1373909149

A Share Class

Minimum Investment: $10,000

USD: $558.45

Bloomberg: SMDUSAU

ISIN: LU1376305246

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This concentrated fund looks for a few high-quality stocks at bargain prices.

by Ryan Ermey

P/E (Price to Earnings) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. P/FCF (Price to Free-Cash-Flow) is a valuation method used to compare a company’s current share price to its per-share free cash flow.