# EDGAR Filing Document

**Accession Number:** 0001614370
**File Stem:** 0002066578-26-000050
**Filing Date:** 2026-1
**Character Count:** 13371
**Document Hash:** 77e6beab8fcbf5a7c8acbef855b8fa8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-000050.hdr.sgml**: 20260120

**ACCESSION NUMBER**: 0002066578-26-000050

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251128

**FILED AS OF DATE**: 20260120

**DATE AS OF CHANGE**: 20260120

**PERIOD START**: 20251130

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22985
- **FILM NUMBER:** 26541701

**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 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           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Smead Funds Trust

- **b. Investment Company Act file number:** 811-22985

- **c. CIK number of Registrant:** 0001614370

- **d. LEI of Registrant:** 549300OM716F7C5UE104

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 2502 East Camelback Road

  - **City:** Phoenix

  - **State:** AZ

  - **Foreign country:** US

  - **Zip / Postal Code:** 85016

  - **Telephone number:** 877-807-4122

**Item A.2. Information about the Series.**

- **a. Name of Series:** Smead International Value Fund

- **b. EDGAR series identifier (if any):** S000075026

- **c. LEI of Series:** 894500UIA880NBNT7123

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-28

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $198226767.35

**Total Liabilities:** $204478.19

**Net Assets:** $198022289.16

**Cash Not Reported:** $0.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233723 | 0.85%                | 1.02%                | 4.61%                |
| Class ID C000233724 | 0.76%                | 0.94%                | 4.55%                |
| Class ID C000233726 | 0.83%                | 1.02%                | 4.61%                |
| Class ID C000233727 | 0.86%                | 1.02%                | 4.64%                |
| Class ID C000233728 | 0.81%                | 0.99%                | 4.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1178197.30                                |
| Month 2  | $-570195.66              | $3190003.36                                |
| Month 3  | $5333994.63              | $3096237.74                                |

### Schedule of Portfolio Investments

| Name                             | Title                                       | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Glencore PLC                     | Glencore PLC ORD USD0.01                    | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1721354 | NS      | $8244467.93   | 4.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Oil Ltd.                | Imperial Oil Ltd. COM NPV                   | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     57873 | NS      | $5786678.67   | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.       | Occidental Petroleum Corp. COM USD0.20      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     38656 | NS      | $1623552.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd.       | West Fraser Timber Co Ltd. COM NPV          | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     32102 | NS      | $1990018.41   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BAWAG Group AG                   | BAWAG Group AG NPV                          | CUSIP: A0997C107<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |    137040 | NS      | $18293927.41  | 9.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds     | Northern Institutional Funds TREAS PRT PRMR | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   7515733 | NS      | $7515732.70   | 3.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays PLC                     | Barclays PLC ORD GBP0.25                    | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |   1700750 | NS      | $9671432.81   | 4.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC               | Burberry Group PLC ORD GBP0.0005            | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |    407441 | NS      | $6174656.40   | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Next PLC                         | Next PLC ORD GBP0.10                        | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |     31799 | NS      | $5951812.01   | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Assicurazioni Generali S.p.A.    | Assicurazioni Generali S.p.A. NPV           | CUSIP: T05040109<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |    163586 | NS      | $6493902.00   | 3.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc               | Cenovus Energy Inc COM NPV                  | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |   1497932 | NS      | $26728300.30  | 13.50%            |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                 | UniCredit S.p.A. NPV                        | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    161955 | NS      | $12103118.75  | 6.11%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC                | NatWest Group PLC ORD GBP1.0769             | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    827860 | NS      | $6909756.12   | 3.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.    | Alimentation Couche-Tard Inc. COM           | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     27981 | NS      | $1528676.04   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Strathcona Resources Ltd.        | Strathcona Resources Ltd. COM               | CUSIP: 862952108<br>LEI: 549300YNIUISTSZMLF56 | Long             | EC               | CORP              | CA        |    555938 | NS      | $16628600.38  | 8.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                     | Subaru Corp. NPV                            | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |    275408 | NS      | $6175198.76   | 3.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                     | Bankinter SA EUR0.30(REGD)                  | CUSIP: E2116H880<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    647455 | NS      | $10200320.36  | 5.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                      | Pandora A/S DKK1                            | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     52458 | NS      | $6271555.22   | 3.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Spin Master Corporation          | Spin Master Corporation SUB VTG NPV         | CUSIP: 848510103<br>LEI: 254900ACUT127TXKWO71 | Long             | EC               | CORP              | CA        |    116435 | NS      | $1715919.30   | 0.87%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Frontline Plc                    | Frontline Plc COM                           | CUSIP: M46528101<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | CY        |    343374 | NS      | $8217486.91   | 4.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                 | Roche Holding AG GENUSSCHEINE NPV           | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     22064 | NS      | $8441220.27   | 4.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitehaven Coal Ltd.             | Whitehaven Coal Ltd. NPV                    | CUSIP: Q97664108<br>LEI: 529900WCZ4I6ZO3RRP86 | Long             | EC               | CORP              | AU        |    503326 | NS      | $2285478.79   | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tamarack Valley Energy Ltd       | Tamarack Valley Energy Ltd COM NPV          | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |   1560213 | NS      | $8721514.18   | 4.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Garrett Motion Inc               | Garrett Motion Inc COM USD0.001             | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    143328 | NS      | $2369211.84   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group N.V        | Universal Music Group N.V EUR10.00          | CUSIP: N90313102<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     72036 | NS      | $1845211.70   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr Ing H C F Porsche AG          | Dr Ing H C F Porsche AG NON-VTG PRF NPV     | CUSIP: D2R3HA114<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |     37648 | NS      | $1949733.98   | 0.98%             |  |  |  | Yes           |                  2 | On Loan: No      |
| H&R Real Estate Investment Trust | H&R Real Estate Investment Trust UNITS      | CUSIP: 403925407<br>LEI: 549300TGNP6B6GUVGW10 | Long             | EC               | CORP              | CA        |    237100 | NS      | $1751330.92   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP        | OCCIDENTAL PETROLEUM CORP                   | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     89509 | NC      | $1791075.09   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-16

**Name of Applicant:** Smead Funds Trust

**Signature:** Steven LeMire

**Name of Signer:** Steven LeMire

**Title:** CCO