# EDGAR Filing Document

**Accession Number:** 0001614370
**File Stem:** 0001193125-23-035994
**Filing Date:** 2023-2
**Character Count:** 6886
**Document Hash:** 066fff281f5e5c0085e353ada9e09a47
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-035994.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001193125-23-035994

**CONFORMED SUBMISSION TYPE**: DEFA14A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Smead Funds Trust
- **CENTRAL INDEX KEY:** 0001614370
- **IRS NUMBER:** 261547587
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** DEFA14A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 811-22985
- **FILM NUMBER:** 23619429

**BUSINESS ADDRESS:**
- **STREET 1:** 2777 EAST CAMELBACK ROAD, SUITE 375
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85016
- **BUSINESS PHONE:** 602-889-3660

**MAIL ADDRESS:**
- **STREET 1:** 2777 EAST CAMELBACK ROAD, SUITE 375
- **CITY:** PHOENIX
- **STATE:** AZ
- **ZIP:** 85016

## 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           |
| C000233726 | Investor Class | SVXLX           |
| C000233727 | Class Y        | SVXYX           |
| C000233728 | Class A        | SVXAX           |

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**WASHINGTON D.C. 20549** 

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**SCHEDULE 14A** 

**Proxy Statement Pursuant to Section 14(a) of the** 

**Securities Exchange Act of 1934** 

**(Amendment No.)** 

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Filed by the Registrant ☒

Filed by a Party other than the Registrant ☐

Check the appropriate box:

☐ Preliminary Proxy Statement

☐ **Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)).** 

☐ Definitive Proxy Statement

☒ Definitive Additional Materials

☐ Soliciting Material Pursuant to §240.14a-12

**SMEAD FUNDS TRUST** 

**(Name of Registrant as Specified in its Charter)** 

**(Name of Person(s) Filing Proxy Statement if other than the Registrant)** 

Payment of Filing Fee (Check the appropriate box):

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| | | |
|:---|:---|:---|
| ☒ | No fee required. | No fee required. |
| ☐ | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 240.0-11. | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 240.0-11. |
|  | (1) | Title of each class of securities to which transaction applies:<br>|
|  | (2) | Aggregate number of securities to which transaction applies:<br>|
|  | (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 240.0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined):<br>|
|  | (4) | Proposed maximum aggregate value of transaction:<br>|
|  | (5) | Total fee paid:<br>|
| ☐ | Fee paid previously with preliminary materials. | Fee paid previously with preliminary materials. |
| ☐ | Check box if any part of the fee is offset as provided by Exchange Act Rule.0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. | Check box if any part of the fee is offset as provided by Exchange Act Rule.0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. |
|  | (1) | Amount Previously Paid:<br>|
|  | (2) | Form, Schedule or Registration Statement No.:<br>|
|  | (3) | Filing Party:<br>|
|  | (4) | Date Filed:<br>|

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![LOGO](g409938dsp02a.jpg)

Dear Valued Shareholder,

We hope this finds you well. Recently we distributed materials regarding the Special Meeting of Shareholders of the Smead Funds in which you were invested as of the record date of December 15, 2022. The Special Meeting of Shareholders is fast approaching and we have not yet received your vote. **We are asking that you submit your vote today via the easy voting found in your email.** 

Shareholders are being asked to approve two proposals. The first proposal is to approve an amendment to the fundamental policy regarding industry concentration that would provide each Fund with the flexibility to adjust its policy on industry concentration to match the SEC definition of "concentration" if and when the SEC changes how it defines "concentration" in the future without having to incur the expense of another proxy vote. If approved, the Funds will continue to be managed subject to the applicable limitations imposed by the 1940 Act and the rules and interpretive guidance provided thereunder, as well as each Fund's investment objective and principal investment strategies and policies, none of which will change.

The second proposal is to approve an amendment to the Trust's Declaration of Trust to lower the quorum requirement for a shareholders' meeting from 33-1/3% to 20%. The Funds have a wide shareholder base, which can make it very difficult to obtain a sufficient number of responses from shareholders to achieve a quorum at a shareholder meeting. *Obtaining responses may require substantial time, money, and resources, which could result in considerable costs and expenses to the Funds.* Please note that although the lower quorum requirement will allow for the approval of some matters by shareholders with fewer shares represented, certain other proposals will still require a higher number of shares to be voted to meet the threshold required to approve the proposal.

The full proxy statement is available for your review here: <u>www.okapivote.com/Smead</u>

**We are asking that you please vote your shares via the link below, so that we have enough participation to hold the March 10th Special Meeting of Shareholders as required by law. Every Vote Counts.** 

In order for your vote to be represented, ***<u>we must receive your voting instructions</u>***. **<u>EVEN IF IT IS PAST THE INDICATED MEETING DATE, PLEASE SUBMIT YOUR VOTE TODAY USING THE URL PROVIDED IN YOUR EMAIL.</u>**

If you have any questions, please call Okapi Partners, the Funds' proxy solicitor, toll-free at **(844) 343-2623.** Representatives are available Monday—Friday 9:00am to 10:00pm (ET).

Thank you for your continued support of the Funds and your assistance in this matter.