Smead International Value Fund Class A Shares · NASDAQ:SVXAX
Smead International Value Fund Class A Shares — Smead Capital Management — Investor Presentation (March 2021)
10 slides from Smead International Value Fund Class A Shares's investor presentation, Mar 31, 2021
Slide 1: Smead Capital Appreciation Strategy
Smead Capital Appreciation Strategy U.S. Large Cap Equity As of March 31, 2021 FOR INSTITUTIONAL INVESTOR USE ONLY www.smeadcap.com © 2021 Smead Capital Management, All Rights Reserved. Opinions expressed are those of Smead Capital Management, are subject to change, are not guaranteed, and should no
Slide 2: Smead Capital Management Overview
Smead Capital Management Overview “Investing is the only sphere of life where victory, security and success is always to the minority and never to the majority.” -John Maynard Keynes > A contrarian Smead Capital Management is a Phoenix-based investment firm that manages a high approach quality, U.S.
Slide 3: Investment Team Bios
Investment Team Bios William Smead – Chief Investment Officer Whitman College, B.A. Economics William is the founder of Smead Capital Management, where he oversees the firm. As Chief Investment Officer he is responsible for all investment and portfolio decisions and reviewing the implementation of t
Slide 4: Investment Philosophy and Portfolio Traits
Investment Philosophy and Portfolio Traits Our Investment Philosophy 1. Valuation matters dearly to investment success 2. We are business owners on behalf of our clients and shareholders 3. We seek out high-quality businesses to focus our research Portfolio Traits > Generally U.S. domiciled > Typica
Slide 5: Eight Investment Criteria
Eight Investment Criteria Our portfolio managers evaluate and purchase stocks based on the following Eight Investment Criteria: > Required over entire holding period 1. Meets an economic need 2. Strong competitive advantage (wide moats or barriers to entry) 3. Long history of profitability and stron
Slide 6: Sell Discipline
Sell Discipline Risk Management > Successful investments likely to be trimmed if weighting becomes outsized (in the 8-10% range) Change in Thesis > Company fundamentals violate our Eight Investment Criteria > Maniacal pricing Downside Protection > When a security falls 15-20% from our purchase price
Slide 7: Portfolio Holdings
Portfolio Holdings As of March 31, 2021 Ticker Weighting % S&P GICS Sector Lennar Corp LEN 6.21 Consumer Discretionary American Express Co AXP 5.64 Financials Target Corp TGT 5.58 Consumer Discretionary NVR Inc NVR 5.28 Consumer Discretionary Amgen Inc AMGN 4.92 Health Care Merck & Co Inc MRK 4.89 H
Slide 8: Sector Weighting and Asset Allocation
Sector Weighting and Asset Allocation As of March 31, 2021 Sector Weightings Asset Allocation 50% 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% Stock 96.6% Cash 3.4% Estate Industrials Utilities Consumer Energy Information Financials Healthcare Materials Discretionary Communication Technology Real Consumer
Slide 9: Trailing Returns (%)
Trailing Returns (%) As of March 31, 2021 90% 81.18 79.77 80% 70% 60% 56.09 56.35 50% 40% 30% 20.12 19.91 20.12 19.91 20% 16.3515.32 16.78 15.64 14.61 16.29 15.72 14.80 11.74 13.91 12.22 11.40 11.02 11.26 11.26 10.96 10.99 8.38 10% 6.18 6.18 0% Q1 2021 YTD 1 Year 3 Year 5 Year 10 Year Since Inceptio
Slide 10: Capital Appreciation Composite Presentation
Capital Appreciation Composite Presentation Total 3 Year 3 Year Composite Total Firm Standard Standard Assets Assets Total Return Total Return Russell 1000 Internal Deviation Deviation # of Portfolios End of Period End of Period Year Gross of Fees Net of Fees Value Index Dispersion Composite Benchma
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