# EDGAR Filing Document

**Accession Number:** 0001614370
**File Stem:** 0001752724-23-009217
**Filing Date:** 2023-1
**Character Count:** 12491
**Document Hash:** 59ca7b01b508b857ae9aa90c734ed4a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009217.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009217

**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:** 23546200

**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 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           |

## 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 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:** 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:** $75382111.26

**Total Liabilities:** $143702.11

**Net Assets:** $75238409.15

**Cash Not Reported:** $2204544.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233726 | -14.59%              | 14.53%               | 6.21%                |
| Class ID C000233728 | -14.60%              | 14.53%               | 6.20%                |
| Class ID C000233723 | -14.58%              | 14.56%               | 6.24%                |
| Class ID C000233727 | -14.55%              | 14.54%               | 6.31%                |
| Class ID C000233724 | -14.65%              | 14.45%               | 6.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1476552.32             | $-7302127.44                               |
| Month 2  | $-471434.34              | $7625705.00                                |
| Month 3  | $-752971.11              | $5616459.00                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Universal Music Group NV     | Universal Music Group NV       | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |     43698 | NS      | $1046856.53   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MEG Energy Corp              | MEG Energy Corp.               | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    395526 | NS      | $5630838.87   | 7.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellway PLC                  | Bellway PLC                    | CUSIP: 000000000<br>LEI: 213800CY4L3HST4FGZ98 | Long             | EC               | CORP              | GB        |     35944 | NS      | $872443.33    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd    | West Fraser Timber Co. Ltd.    | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     56251 | NS      | $4400052.20   | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Porsche Automobil Holding SE | Porsche Automobil Holding SE   | CUSIP: 000000000<br>LEI: 52990053Z17ZYM1KFV27 | Long             | EP               | CORP              | DE        |     54225 | NS      | $3292223.73   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Next PLC                     | Next PLC                       | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |     15892 | NS      | $1134072.28   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cenovus Energy Inc           | Cenovus Energy, Inc.           | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    283826 | NS      | $5644237.07   | 7.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lloyds Banking Group PLC     | Lloyds Banking Group PLC       | CUSIP: 000000000<br>LEI: 549300PPXHEU2JF0AM85 | Long             | EC               | CORP              | GB        |   2099436 | NS      | $1208936.25   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                  | Pandora AS                     | CUSIP: 000000000<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     23413 | NS      | $1781506.27   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontline Ltd/Bermuda        | Frontline Ltd.                 | CUSIP: 000000000<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | BM        |    240464 | NS      | $3338873.83   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NatWest Group PLC            | NatWest Group PLC              | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    452877 | NS      | $1439966.25   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alimentation Couche-Tard Inc | Alimentation Couche-Tard, Inc. | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     16974 | NS      | $773271.92    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG       | Dr Ing hc F Porsche AG         | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |      9696 | NS      | $1101746.23   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp    | Occidental Petroleum Corp.     | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     82908 | NS      | $5761276.92   | 7.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG  | Bayerische Motoren Werke AG    | CUSIP: 000000000<br>LEI: YEH5ZCD6E441RHVHD759 | Long             | EC               | CORP              | DE        |     13864 | NS      | $1245218.80   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                | Volkswagen AG                  | CUSIP: 000000000<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |     22503 | NS      | $3277875.79   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                 | Bankinter SA                   | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    389037 | NS      | $2564365.31   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG               | BAWAG Group AG                 | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |     66811 | NS      | $3496876.50   | 4.65%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Occidental Petroleum Corp    | Occidental Petroleum Corp.     | CUSIP: 674599162<br>LEI: IM7X0T3ECJW4C1T7ON55 | N/A              | DE               |  | US        |    148479 | NS      | $7052752.50   | 9.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit SpA                | UniCredit SpA                  | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    253985 | NS      | $3499200.88   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Assicurazioni Generali SpA   | Assicurazioni Generali SpA     | CUSIP: 000000000<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |    151881 | NS      | $2715983.00   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitecap Resources Inc       | Whitecap Resources, Inc.       | CUSIP: 96467A200<br>LEI: 5493004AMPGZA0JO5Q37 | Long             | EC               | CORP              | CA        |    192918 | NS      | $1538869.38   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IWG PLC                      | IWG PLC                        | CUSIP: 000000000<br>LEI: 2138003LWDII27UTAG52 | Long             | EC               | CORP              | JE        |   1099483 | NS      | $2113068.29   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Smith PLC                 | WH Smith PLC                   | CUSIP: 000000000<br>LEI: 2138001KJNGUJ34G7X91 | Long             | EC               | CORP              | GB        |     72483 | NS      | $1243846.06   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Goose Holdings Inc    | Canada Goose Holdings, Inc.    | CUSIP: 135086106<br>LEI: 529900891XBE6RV8JR07 | Long             | EC               | CORP              | CA        |    116702 | NS      | $2186291.79   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Interfor Corp                | Interfor Corp.                 | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |    180994 | NS      | $3390736.20   | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkeley Group Holdings PLC  | Berkeley Group Holdings PLC    | CUSIP: 000000000<br>LEI: 2138009OQSSLVVHQAL78 | Long             | EC               | CORP              | GB        |     24885 | NS      | $1147857.52   | 1.53%             |  |  |  | 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