Smead Value Fund Reaches $300 Million
May 23rd 2013 7:21AM
Updated May 23rd 2013 8:20AM
Smead Value Fund Reaches $300 Million
Large-cap fund grows 130+% YTD
SEATTLE--(BUSINESS WIRE)-- The Smead Value Fund (Investor Share Class: SMVLX, Institutional Share Class: SMVMX) recently ascended to $300 million in assets under management. This milestone stems from a 90% increase in the Fund's inflows since the beginning of the year. Additionally, the increasing inflows highlights Smead Capital Management's ability to distinguish itself from its peers by showing growth in the US Large Cap asset class, which, categorically, has seen net out-flows for the last 47 months.1
"We are humbled and gratified by the interest in the discipline we are practicing," said Bill Smead, Chief Investment Officer of Smead Capital Management. "We believe it's a sign that advisors and institutions are gravitating to a more optimistic vision of America's future. We'd like to think that we are one of the avenues that people can use to get at that future."
"We are very thankful to the advisors, family offices and institutions that have entrusted us with these assets," said Cole Smead, Director of Marketing and Sales for the firm. "We believe the opportunity to increase our market share is being lead by our mission to communicate intently and thoroughly with the groups that partner with us. We are of the opinion that the tough markets of the last 5 years have also leveled the competitive landscape for a younger firm like ours."
About the Smead Value Fund
The Smead Value Fund (Investor Share Class: SMVLX, Institutional Share Class; SMVMX) is a large cap open-end mutual fund that was launched on January 2nd, 2008. Seattle-based Smead Capital Management is the Adviser to the Fund. Bill Smead is the Lead Portfolio Manager of the Fund. He is assisted by Co-Portfolio Manager Tony Scherrer. For more information visit http://www.smeadcap.com or call (206) 838-9850.
About Smead Capital Management
Smead Capital Management manages large cap portfolios for advisors, family offices and institutions with a value-oriented investment discipline. As of May 21st, 2013, the firm managed $470 million in all accounts, including mutual funds. The firm was formed in July 2007 by CIO Bill Smead, who first created the firm's investment discipline in 1993 while he was at a predecessor firm. For more information visit http://www.smeadcap.com or call (206) 838-9850.
Mutual fund investing involves risk. Principal loss is possible.
The Smead Value Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the investment company, and may be obtained by calling 877-701-2883 or visiting www.smeadfunds.com . Read carefully before investing.
The Smead Value Fund is distributed by Quasar Distributors, LLC.
1 "For the first month in four the U.S. Diversified Equity Funds macro-group witnessed net outflows (-$2.8 billion), with large-cap funds (-$6.1 billion) witnessing their forty-seventh consecutive month of net redemptions." Source: "Fund Flows Insight Report," Lipper Research Series. Lipper.com April 30, 2013.
Smead Capital Management
Tucker Slosburg, 206-838-9859
KEYWORDS: United States North America Washington
The article Smead Value Fund Reaches $300 Million originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.