# EDGAR Filing Document

**Accession Number:** 0001614370
**File Stem:** 0001145549-25-047160
**Filing Date:** 2025-7
**Character Count:** 13317
**Document Hash:** 57c701faa0a1298a80135acd42b0f9c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047160.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001145549-25-047160

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250530

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**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:** 251142337

**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:** 2025-05-30

**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:** $169040651.80

**Total Liabilities:** $167664.25

**Net Assets:** $168872987.55

**Cash Not Reported:** $2193.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233723 | 0.71%                | -1.86%               | 10.92%               |
| Class ID C000233724 | 0.64%                | -1.93%               | 10.85%               |
| Class ID C000233726 | 0.71%                | -1.86%               | 10.91%               |
| Class ID C000233727 | 0.72%                | -1.85%               | 10.94%               |
| Class ID C000233728 | 0.70%                | -1.88%               | 10.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-382928.22              | $822186.53                                 |
| Month 2  | $-3021672.77             | $-437004.29                                |
| Month 3  | $-933976.28              | $16984396.29                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BAWAG Group AG                | BAWAG Group AG NPV                           | CUSIP: A0997C107<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |    138452 | NS      | $17226636.93  | 10.20%            |  |  |  | Yes           |                  2 | On Loan: No      |
| Northern Institutional Funds  | Northern Institutional Funds TREAS PRT PRMR  | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   8768997 | NS      | $8768997.42   | 5.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Imperial Oil Ltd.             | Imperial Oil Ltd. COM NPV                    | CUSIP: 453038408<br>LEI: 549300JZNB745JT5WY51 | Long             | EC               | CORP              | CA        |     58473 | NS      | $4174725.50   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.    | Occidental Petroleum Corp. COM USD0.20       | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     39054 | NS      | $1592622.12   | 0.94%             |  |  |  | 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        |     70702 | NS      | $5208563.56   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Next PLC                      | Next PLC ORD GBP0.10                         | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |     26470 | NS      | $4591100.90   | 2.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Porsche Automobil Holding SE  | Porsche Automobil Holding SE NON VTG PRF NPV | CUSIP: D6240C122<br>LEI: 52990053Z17ZYM1KFV27 | Long             | EP               | CORP              | DE        |     48940 | PA      | $1950730.75   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Volkswagen AG                 | Volkswagen AG NON VTG PRF NPV                | CUSIP: D94523103<br>LEI: 529900NNUPAGGOMPXZ31 | Long             | EP               | CORP              | DE        |     37481 | PA      | $4060114.25   | 2.40%             |  |  |  | No            |                  2 | On Loan: No      |
| NatWest Group PLC             | NatWest Group PLC ORD GBP1.0769              | CUSIP: G6422B147<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |    836388 | NS      | $5933937.35   | 3.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc. | Alimentation Couche-Tard Inc. COM            | CUSIP: 01626P148<br>LEI: 549300OSW32RVX8CCZ87 | Long             | EC               | CORP              | CA        |     28281 | NS      | $1466239.04   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Strathcona Resources Ltd.     | Strathcona Resources Ltd. COM                | CUSIP: 862952108<br>LEI: 549300YNIUISTSZMLF56 | Long             | EC               | CORP              | CA        |    561638 | NS      | $11909254.78  | 7.05%             |  |  |  | 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        |     72778 | NS      | $2324999.30   | 1.38%             |  |  |  | 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        |     62355 | NS      | $3007072.90   | 1.78%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Glencore PLC                  | Glencore PLC ORD USD0.01                     | CUSIP: G39420107<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |   1739086 | NS      | $6682629.59   | 3.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Cenovus Energy Inc            | Cenovus Energy Inc COM NPV                   | CUSIP: 15135U109<br>LEI: 549300F4XPHJ7NOSP309 | Long             | EC               | CORP              | CA        |    707490 | NS      | $9320814.08   | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.              | UniCredit S.p.A. NPV                         | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |    163623 | NS      | $10526683.52  | 6.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Subaru Corp.                  | Subaru Corp. NPV                             | CUSIP: J7676H100<br>LEI: 549300N244BVAEE6HH86 | Long             | EC               | CORP              | JP        |    278208 | NS      | $5124452.36   | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Bankinter SA                  | Bankinter SA EUR0.30(REGD)                   | CUSIP: E2116H880<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |    654124 | NS      | $8445766.39   | 5.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Pandora A/S                   | Pandora A/S DKK1                             | CUSIP: K7681L102<br>LEI: 5299007OWYZ6I1E46843 | Long             | EC               | CORP              | DK        |     38992 | NS      | $7126873.92   | 4.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Frontline Plc                 | Frontline Plc COM                            | CUSIP: M46528101<br>LEI: 5493004BCIKYU1YL3H63 | Long             | EC               | CORP              | CY        |    346911 | NS      | $6277113.39   | 3.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG              | Roche Holding AG GENUSSCHEINE NPV            | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |     13704 | NS      | $4443959.95   | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitehaven Coal Ltd.          | Whitehaven Coal Ltd. NPV                     | CUSIP: Q97664108<br>LEI: 529900WCZ4I6ZO3RRP86 | Long             | EC               | CORP              | AU        |    508511 | NS      | $1821877.13   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Tamarack Valley Energy Ltd    | Tamarack Valley Energy Ltd COM NPV           | CUSIP: 87505Y409<br>LEI: 549300TLKPX8BE14MH06 | Long             | EC               | CORP              | CA        |   1097715 | NS      | $3495474.59   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                  | Barclays PLC ORD GBP0.25                     | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |   1718270 | NS      | $7623379.35   | 4.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Burberry Group PLC            | Burberry Group PLC ORD GBP0.0005             | CUSIP: G1700D105<br>LEI: 213800PE1KEFCNFR1R50 | Long             | EC               | CORP              | GB        |    411638 | NS      | $5744437.94   | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Generali S.p.A.               | Generali S.p.A. NPV                          | CUSIP: T05040109<br>LEI: 549300X5UKJVE386ZB61 | Long             | EC               | CORP              | IT        |    165271 | NS      | $6020348.31   | 3.57%             |  |  |  | No            |                  2 | On Loan: No      |
| MEG Energy Corporation        | MEG Energy Corporation COM NPV               | CUSIP: 552704108<br>LEI: 5493002WXPTG5ZC1T326 | Long             | EC               | CORP              | CA        |    666941 | NS      | $11673350.69  | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM CORP     | OCCIDENTAL PETROLEUM CORP                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     90431 | NC      | $1757074.33   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-18

**Name of Applicant:** Smead Funds Trust

**Signature:** Steven LeMire

**Name of Signer:** Steven LeMire

**Title:** CCO