Smead Capital Management, Inc.

Smead Capital Management, Inc. (SCM) is a registered investment adviser established in July 2007, specializing in providing investment management services to separate accounts, mutual funds, advisors, family offices, and institutions. SCM's investment strategy focuses on Capital Appreciation, managing the Smead Value Fund, Smead International Value Fund, and Smead US Value UCITS Fund. The firm offers discretionary investment management services with a minimum portfolio value of 0.85% of the account's market value. SCM may negotiate fees based on certain criteria. The firm does not charge performance-based fees and acts as a fiduciary for its clients. SCM exercises investment discretion for managed assets totaling over $7 billion as of December 31, 2024. The firm's investment philosophy involves assessing securities based on eight criteria and managing risks through regular reviews and adherence to a Code of Ethics. SCM also provides model delivery services to certain unified managed accounts. Clients receive quarterly reports and are encouraged to discuss their needs and objectives with SCM. The firm votes proxies on behalf of clients and has no financial commitments impairing its ability to meet obligations. SCM does not compensate for client referrals and maintains custody through qualified custodians, ensuring clients receive regular statements.