SEATTLE--(BUSINESS WIRE)--The Smead Value Fund (Investor Share Class: SMVLX) has reached $1 billion in assets. This milestone reflects continuing demand from advisors in an asset class which has seen net outflows continuously over the last 5 years.
“We believe active management is alive and well,” said Chief Investment Officer Bill Smead, Lead Portfolio Manager of the Fund. “Many in the active management arena today are befuddled by the growth of passive investments. We believe this has created an outstanding opportunity for us to pick common stocks on behalf of our shareholders against a less-competitive environment.”
The Smead Value Fund launched in January of 2008. The asset base of the mutual fund has climbed higher in the most recent three years, despite growing investor enthusiasm for passive vehicles. This has also benefited existing shareholders by lowering expenses.
“Passive investors have their religion. Those of us in Graham and Doddsville have ours,” observed Cole Smead, Managing Director and Portfolio Manager. “We look for investors who need a concentrated portfolio of high-quality businesses and enjoy sitting on their hands with those companies.”
About the Smead Value Fund
The Smead Value Fund (Investor Share Class: SMVLX; I1 Share Class: SVFFX) 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 Managers Tony Scherrer, CFA, and Cole Smead, CFA. For more information, visit http://www.smeadcap.com or call (877) 701-2883.
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 March 15, 2015, the firm managed $1.35 billion 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. For more information, visit http://www.smeadcap.com or call (877) 701-2883.
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 877-807-4122 or visiting www.smeadfunds.com. Read carefully before investing.
The fund is designed for long-term investors who can accept the special risks associated with value investing. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.
Graham and Doddsville is a reference to a 1984 article that expounds upon the benefits of value-investing. It was published by the Columbia Business School Magazine, Hermes, and was written by Warren Buffett.
The Smead Value Fund is distributed by ALPS Distributors, Inc. ALPS Distributors, Inc. and Smead Capital Management are not affiliated.
