Fund Evaluator:

Smead International Value Inv Overview

Smead International Value Inv (SVXLX) is an actively managed International Equity Foreign Large Value fund. Smead Funds launched the fund in 2015.

The investment seeks long-term capital appreciation. Under normal market circumstances, the fund will invest at least 80% of its net assets (including borrowings for investment purposes) in the stock of non-U.S. companies. To achieve the fund's investment objective, the adviser will maintain approximately 25-30 companies in its portfolio and will invest in the common stocks of primarily large-cap non-U.S. companies, in developed countries. The fund is non-diversified.

About Smead International Value Inv (SVXLX)

There are 2 members of the management team with an average tenure of 11.47 years: William Smead (2015), Cole Smead (2015). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI EAFE NR USD index with a weighting of 100% and MSCI ACWI Ex USA NR USD index with a weighting of 100%. Smead International Value Inv has 61 securities in its portfolio. The top 10 holdings constitute 62.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Smead International Value Inv is part of the Equity global asset class and is within the International Equity fund group. Smead International Value Inv has 93.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.3%. There is 93.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Smead International Value Inv has 6.7% of the portfolio in cash.

Assets Under Management

The fund has $169 million in total assets, which is below the $951 million average for the Foreign Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

SVXLX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Smead International Value Inv expense ratio is high compared to funds in the Foreign Large Value category. Smead International Value Inv has an expense ratio of 1.26%, which is 20% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Smead International Value Inv has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Value category.

Recently, in the month of June 2026, Smead International Value Inv returned -0.8%, which earned it a grade of D, as the Foreign Large Value category had an average return of -0.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Smead International Value Inv has a trailing yield of 1.40%, which is below the 2.87% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Smead International Value Inv Grades

Year to date, the fund has returned 21.4%, 10.7 percentage points better than the category, which translates into a grade of A. The fund has returned 43.4% over the past year (grade of A), 23.2% over the past three years (grade of A) and 17.4% per year over the past five years (grade of A) and 15.7% per year over the past 10 years (grade of A).

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