# EDGAR Filing Document

**Accession Number:** 0001614370
**File Stem:** 0001752724-23-009216
**Filing Date:** 2023-1
**Character Count:** 11725
**Document Hash:** 41cfebf751e078fd022538f4a46e3a62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009216.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009216

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20221130

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22985
- **FILM NUMBER:** 23546199

**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           |

## 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:** 2777 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 Value Fund

- **b. EDGAR series identifier (if any):** S000047006

- **c. LEI of Series:** 549300OM716F7C5UE104

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $4596933434.52

**Total Liabilities:** $97151642.18

**Net Assets:** $4499781792.34

**Cash Not Reported:** $513571531.26

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146930 | -7.75%               | 14.24%               | 4.59%                |
| Class ID C000146933 | -7.77%               | 14.22%               | 4.58%                |
| Class ID C000146937 | -7.70%               | 14.29%               | 4.56%                |
| Class ID C000146928 | -7.74%               | 14.25%               | 4.60%                |
| Class ID C000146931 | -7.72%               | 14.27%               | 4.62%                |
| Class ID C000146929 | -7.77%               | 14.19%               | 4.55%                |
| Class ID C000146934 | -7.75%               | 14.23%               | 4.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35914790.04            | $-270229320.07                             |
| Month 2  | $0.00                    | $514457351.46                              |
| Month 3  | $195431381.04            | $-3871580.97                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Warner Bros Discovery Inc | Warner Bros Discovery, Inc. | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |   5815531 | NS      | $66297053.40  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc             | DR Horton, Inc.             | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |   2419933 | NS      | $208114238.00 | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                  | eBay, Inc.                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |   2782320 | NS      | $126428620.80 | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp               | Lennar Corp.                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |   2490653 | NS      | $218754052.99 | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp | Occidental Petroleum Corp.  | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |   5670251 | NS      | $394025741.99 | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp              | Chevron Corp.               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    688991 | NS      | $126298940.21 | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp               | Target Corp.                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |   1077648 | NS      | $180042651.36 | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc    | Berkshire Hathaway, Inc.    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    159236 | NS      | $50732589.60  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                 | Amgen, Inc.                 | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |    963705 | NS      | $276005112.00 | 6.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp      | Bank of America Corp.       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   4396675 | NS      | $166414148.75 | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The        | Home Depot, Inc.            | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    387247 | NS      | $125464155.53 | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co/The           | Macerich Co.                | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               |  | US        |  17789366 | NS      | $225924948.20 | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                | Pfizer, Inc.                | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   1201254 | NS      | $60218863.02  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc  | Simon Property Group, Inc.  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |   2004830 | NS      | $239456895.20 | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Acceptance Corp    | Credit Acceptance Corp.     | CUSIP: 225310101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156155 | NS      | $74011223.80  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc              | QUALCOMM, Inc.              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    639611 | NS      | $80904395.39  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                   | NVR, Inc.                   | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |     44327 | NS      | $205633396.27 | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERCO                    | AMERCO                      | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |   1667201 | NS      | $105317087.17 | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc               | Ovintiv, Inc.               | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   3347734 | NS      | $186669647.84 | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERCO                    | AMERCO                      | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    510581 | NS      | $32319777.30  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc            | Merck & Co., Inc.           | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |   2514512 | NS      | $276898061.44 | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co       | JPMorgan Chase & Co.        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   1179196 | NS      | $162941303.28 | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co       | American Express Co.        | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1513457 | NS      | $238505688.63 | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips            | ConocoPhillips              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   1980371 | NS      | $244595622.21 | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-14

**Name of Applicant:** Smead Funds Trust

**Signature:** Steven LeMire

**Name of Signer:** Steven LeMire

**Title:** CCO