Smead International Value Fund Class A Shares · NASDAQ:SVXAX
Smead International Value Fund Class A Shares — Smead Capital Management — Investor Presentation (March 2025)
13 slides from Smead International Value Fund Class A Shares's investor presentation, March 2025
Slide 1: Investing Unrealized Gains: The Key to Long-Term Success in Common Stock Investing
SMEAD INVESTOR OASIS // SMEAD CAPITAL MANAGEMENT Investing Unrealized Gains: The Key to Long-Term Success in Common Stock Investing P re s e n t e d by : Bill Smead Chief Investment Officer Opinions expressed are those of Smead Capital Management, are subject to change, are not guaranteed, and shoul
Slide 2: A Portfolio Is Like a Bar of Soap
INVESTING UNREALIZED GAINS A PORTFOLIO IS LIKE A BAR OF SOAP – THE MORE YOU RUB IT, THE MORE IT SHRINKS! 2
Slide 3: Berkshire Hathaway Has Not Been Exempted from Downside Volatility
INVESTING UNREALIZED GAINS BERKSHIRE HATHAWAY HAS NOT BEEN EXEMPTED FROM DOWNSIDE VOLATILITY Berkshire Hathaway 25%+ Drawdowns, 1980-Present $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 '80 '82 '84 '86 '88 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 '18 '20
Slide 4: Capacity to Suffer
INVESTING UNREALIZED GAINS CAPACITY TO SUFFER Past performance is no guarantee of future results. Source: MOIC: Multiple on Invested Capital. Source: Bloomberg. 4
Slide 5: Capacity to Suffer
INVESTING UNREALIZED GAINS CAPACITY TO SUFFER Past performance is no guarantee of future results. Source: MOIC: Multiple on Invested Capital. Source: Bloomberg. 5
Slide 6: Capacity to Suffer
INVESTING UNREALIZED GAINS CAPACITY TO SUFFER Past performance is no guarantee of future results. Source: MOIC: Multiple on Invested Capital. Source: Bloomberg. 6
Slide 7: Holding Winners to a Fault
INVESTING UNREALIZED GAINS HOLDING WINNERS TO A FAULT 7
Slide 8: Unmanaged vs. Managed Portfolios
INVESTING UNREALIZED GAINS UNMANAGED VS. MANAGED PORTFOLIOS Past performance is no guarantee of future results. Source: Bloomberg, data as of 10/31/2024. 8
Slide 9: Unmanaged vs. Managed Portfolios
INVESTING UNREALIZED GAINS UNMANAGED VS. MANAGED PORTFOLIOS Past performance is no guarantee of future results. Source: Bloomberg, data as of 10/31/2024. 9
Slide 10: Unmanaged vs. Managed Portfolios
INVESTING UNREALIZED GAINS UNMANAGED VS. MANAGED PORTFOLIOS Past performance is no guarantee of future results. Source: Bloomberg, data as of 10/31/2024. 10
Slide 11: Unmanaged vs. Managed Portfolios
INVESTING UNREALIZED GAINS UNMANAGED VS. MANAGED PORTFOLIOS Past performance is no guarantee of future results. Source: Bloomberg, data as of 10/31/2024. 11
Slide 12: Important Information
IMPORTANT INFORMATION Information provided does not constitute investment advice and no investment decisions should be made based on any information provided. Information reflects the views of Smead Capital Management as of a particular time. Such views are subject to change without notice. Informat
Slide 13: Questions & Answers
Questions & Answers Information provided does not constitute investment advice and no investment decisions should be made based on any information provided. Information reflects the views of Smead Capital Management as of a particular time. Such views are subject to change without notice. Informatio
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