Smead Value Fund

Investment Objective

The Fund's investment objective is long-term capital appreciation.

Principal Investment Strategies

The Fund will seek long-term capital appreciation through concentrated positions, therefore the fund will maintain approximately 25-30 companies in its portfolio. The Fund will invest in U.S. large capitalization ("large cap") companies through the ownership of common stock.

The Eight Criteria

Required over entire holding period
  • Meets an economic need
  • Strong competitive advantage (wide moats or barriers to entry)
  • Long history of profitability and strong operating metrics
  • Generates high levels of free cash flow
  • Available at a low price in relation to intrinsic value
Favored, but not required
  • Management's history of shareholder friendliness
  • Strong balance sheet
  • Strong insider ownership (Preferably with recent purchases)
 

Key Facts
Fund Inception: 1/2/08
Investment Style: Large-Cap Value
Total Net Assets as of 12/31/11:
$52.0 million
 

Tickers, CUSIPs and Minimums
Investor Share Class
Ticker: SMVLX
CUSIP: 89833W774
Minimum Investment: $3,000
Institutional Share Class
Ticker: SMVMX
CUSIP: 89833W568
Minimum Investment: $1,000,000
 

Fund Literature
Fact Sheet
Prospectus
Statement of Additional Information
Annual Report (November 30, 2011)
Semi-Annual Report (May 31, 2011)
Shareholder Letter 4th Quarter 2011

» Learn how to invest in the Smead Value Fund

 

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Smead Value Fund
Investor Share Class   Price
SMVLX   $22.93
   
Institutional Share Class Price
SMVMX   $22.89






Click here for a Fund Prospectus or Application. Please refer to the prospectus for important information about the investment company including objectives, risks, charges, and expenses. Read and consider it carefully before investing. You may also obtain a hard copy of the prospectus by calling 1-877-807-4122.

Mutual fund investing involves risk. Principal loss is possible. The fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the fund is more exposed to individual stock volatility than a diversified fund.

Free Cash Flow (FCF): measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.

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