# EDGAR Filing Document

**Accession Number:** 0001614370
**File Stem:** 0001193125-25-150699
**Filing Date:** 2025-6
**Character Count:** 7135
**Document Hash:** 82bd5881ab115578c375a69bcff50dca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-150699.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001193125-25-150699

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**EFFECTIVENESS DATE**: 20250627

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Smead Funds Trust
- **CENTRAL INDEX KEY:** 0001614370

**ORGANIZATION NAME:**
- **EIN:** 261547587
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-197810
- **FILM NUMBER:** 251084139

**BUSINESS ADDRESS:**
- **STREET 1:** 2502 EAST CAMELBACK ROAD, SUITE 210
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85016
- **BUSINESS PHONE:** 602-889-3660

**MAIL ADDRESS:**
- **STREET 1:** 2502 EAST CAMELBACK ROAD, SUITE 210
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85016

## Series and Classes Contracts Data

### Smead Value Fund (Series ID: S000047006)

---

|  |  |  |
|:---|:---|:---|
| Class Name            | Ticker Symbol | Class ID   |
| Investor Class Shares | SMVLX         | C000146928 |
| Class C Shares        | SVFCX         | C000146929 |
| Class A Shares        | SVFAX         | C000146930 |
| Class I1 Shares       | SVFFX         | C000146931 |
| Class R1 Shares       | SVFDX         | C000146933 |
| Class R2 Shares       | SVFKX         | C000146934 |
| Class Y Shares        | SVFYX         | C000146937 |

---

### Smead International Value Fund (Series ID: S000075026)

---

|  |  |  |
|:---|:---|:---|
| Class Name     | Ticker Symbol | Class ID   |
| Class I1       | SVXFX         | C000233723 |
| Class C        | SVXCX         | C000233724 |
| Class I2       | SVXIX         | C000233725 |
| Investor Class | SVXLX         | C000233726 |
| Class Y        | SVXYX         | C000233727 |
| Class A        | SVXAX         | C000233728 |

---

## Series and Classes Contracts Data

### Smead Value Fund (Series ID: S000047006)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000146928 | Investor Class Shares | SMVLX           |
| C000146929 | Class C Shares        | SVFCX           |
| C000146930 | Class A Shares        | SVFAX           |
| C000146931 | Class I1 Shares       | SVFFX           |
| C000146933 | Class R1 Shares       | SVFDX           |
| C000146934 | Class R2 Shares       | SVFKX           |
| C000146937 | Class Y Shares        | SVFYX           |

### Smead International Value Fund (Series ID: S000075026)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000233723 | Class I1       | SVXFX           |
| C000233724 | Class C        | SVXCX           |
| C000233725 | Class I2       | SVXIX           |
| C000233726 | Investor Class | SVXLX           |
| C000233727 | Class Y        | SVXYX           |
| C000233728 | Class A        | SVXAX           |

**SMEAD FUNDS TRUST** 

**Supplement dated June 27, 2025 to the** 

**Prospectus** 

**dated March 30, 2025** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Class I2<br>Shares** | **Class R1<br>Shares** | **Class R2<br>Shares** |
|  **Smead International Value Fund**<br> (SVXLX) (SVXAX) (SVXCX) (SVXFX) | (SVXIX) |  | — (SVXYX) |
|  **Smead Value Fund**<br> (SMVLX) (SVFAX) (SVFCX) (SVFFX) |  | (SVFDX) | (SVFKX) (SVFYX) |

---

This Supplement updates certain information contained in the Prospectus dated March 30, 2025, for the Smead International Value Fund and Smead Value Fund (each, a "Fund," and together, the "Funds"). You should retain this Supplement and the Prospectus for future reference. Additional copies of the Prospectus may be obtained free of charge by calling the Funds (toll-free) at 877-807-4122 or by visiting the Funds' website at

https://smeadcap.com/smead-funds/.

The following disclosure is being added to Exhibit A – Sales Charge Waivers, beginning on page 60 of the Prospectus:

**Wells Fargo** 

**Wells Fargo Clearing Services, LLC operates a First Clearing business, but these rules are not intended to include First Clearing firms.** 

Effective October 1, 2025, clients of Wells Fargo Advisors Financial Network, LLC (collectively, "Wells Fargo Advisors") purchasing Fund shares through Wells Fargo Advisors are eligible for the following sales charge discounts (also referred to as "breakpoints") and waivers, which can differ from discounts and waivers described elsewhere in the Funds' prospectus or statement of additional information ("SAI"). In all instances, it is the investor's responsibility to inform Wells Fargo Advisors at the time of purchase of any relationship, holdings, or other facts qualifying the investor for discounts or waivers. Wells Fargo Advisors can ask for documentation supporting the qualification.

**Wells Fargo Advisors Class A share front-end sales charge waivers information.** 

Wells Fargo Advisors clients purchasing or converting to Class A shares of a Fund in a Wells Fargo Advisors brokerage account are entitled to a waiver of the front-end load in the following circumstances:

• Wells Fargo Advisors employee and employee-related accounts according to Wells Fargo Advisor's
employee account linking rules. Legacy accounts and positions receiving affiliate discounts prior to the effective date will continue to receive discounts. Going forward employees of affiliate businesses will not be offered NAV.

• Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the
same Fund.

WellsTrade, the firm's online self-directed brokerage account, generally offers no-load share classes but there could be instances where a Class A share is offered without a front-end sales charge.

**Wells Fargo Advisors Contingent Deferred Sales Charge information.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Contingent deferred sales charges (CDSC) imposed on Fund redemptions will not be rebated based on future
purchases.

------

**Wells Fargo Advisors Class A front-end load discounts** 

Wells Fargo Advisors Clients purchasing Class A shares of a Fund through Wells Fargo Advisors brokerage accounts will follow the following aggregation rules for breakpoint discounts:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• As of the effective date, SEP or SIMPLE IRAs will not be aggregated as a group plan. They will aggregate with the
client's personal accounts based on Social Security Number. Previously established SEP and SIMPLE IRAs may still be aggregated as a group plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Effective October 1, 2025, Employer-sponsored retirement plan (e.g., 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, SIMPLE IRAs, SAR-SEPs or Keogh plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Gift of shares will not be considered when determining breakpoint discounts

**PLEASE RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE**