Sensible Investor

Immutable verification record

Smead Value Fund

Run 363649da-fcfb-4007-87ef-de06de7710ca · portfolio period 2026-05-29 · captured 2026-07-29T14:22:09.616Z

This is the permanent record of what our July 29, 2026 data run computed for Smead Value Fund, and the exact SEC documents every number came from — it exists so anyone can check us.

Current interpretation · methodology 1.5

How to read this prior-run record now

This portfolio genuinely differs from the Russell 1000 Value index (91.9% active share). Its 1.23% fee buys real active management; whether it earned that fee is not something holdings can show.

This interpretation is computed under the current methodology and is not inserted into the immutable record below.

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Smead Value Fund — best-fit active share,” 91.9% versus the Russell 1000 Value index, fund portfolio as of 2026-05-29; measured against the filed holdings of iShares Russell 1000 Value ETF (IWD), as of 2026-03-31. https://sensible-investor.com/registry/smvlx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

SMVLX filed expense ratio

Sensible Investor, “Smead Value Fund — filed expense ratio,” 1.23% for SMVLX, as of 2025-11-30. https://sensible-investor.com/registry/smvlx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

SMVLX fee per active unit

Sensible Investor, “Smead Value Fund — fee per unit of active management,” 1.34% using the SMVLX expense ratio as of 2025-11-30 and fund portfolio as of 2026-05-29. https://sensible-investor.com/registry/smvlx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

Active share by comparison index

Holdings difference for every comparison calculated in this run.
IndexActive shareHoldings evidenceIdentifier match
the Russell 1000 Value index91.9%measured against the filed holdings of iShares Russell 1000 Value ETF (IWD), as of 2026-03-3186.6%
the S&P 50094.8%measured against the filed holdings of iShares Core S&P 500 ETF (IVV), as of 2026-03-3177.3%
the Russell 1000 index95.1%measured against the filed holdings of iShares Russell 1000 ETF (IWB), as of 2026-03-3186.6%
the total US market95.4%measured against the filed holdings of Vanguard Total Stock Market ETF (VTI), as of 2026-03-3192.6%
the Russell 1000 Growth index98.2%measured against the filed holdings of iShares Russell 1000 Growth ETF (IWF), as of 2026-03-3130.4%
the S&P MidCap 40099.6%measured against the filed holdings of iShares Core S&P Mid-Cap ETF (IJH), as of 2026-03-314.3%
the S&P SmallCap 60099.7%measured against the filed holdings of iShares Core S&P Small-Cap ETF (IJR), as of 2026-03-315.9%
the Russell 2000 index99.8%measured against the filed holdings of iShares Russell 2000 ETF (IWM), as of 2026-03-315.9%

Filed expense ratios by share class

Each fee is tied to its filed SEC source and period.
Share classExpense ratioFiling periodSEC document
SMVLX (Smead Value Fund)1.23%2025-11-30Open SEC expense filing
SVFAX (Smead Value Fund)1.23%2025-11-30Open SEC expense filing
SVFCX (Smead Value Fund)1.82%2025-11-30Open SEC expense filing
SVFDX (Smead Value Fund)1.60%2025-11-30Open SEC expense filing
SVFFX (Smead Value Fund)0.96%2025-11-30Open SEC expense filing
SVFIX (Smead Value Fund)0.91%2025-11-30Open SEC expense filing
SVFKX (Smead Value Fund)1.45%2025-11-30Open SEC expense filing
SVFLX (Smead Value Fund)not-filed-yetNot filed yetSource link unavailable
SVFMX (Smead Value Fund)not-filed-yetNot filed yetSource link unavailable
SVFRX (Smead Value Fund)not-filed-yetNot filed yetSource link unavailable
SVFSX (Smead Value Fund)not-filed-yetNot filed yetSource link unavailable
SVFYX (Smead Value Fund)0.81%2025-11-30Open SEC expense filing

Match rates

How much of the fund filing could be matched to comparison holdings. A benchmark proxy is not compared with itself.
Fund identifier match86.6%
the Russell 1000 Value index86.6%
the S&P 50077.3%
the Russell 1000 index86.6%
the total US market92.6%
the Russell 1000 Growth index30.4%
the S&P MidCap 4004.3%
the S&P SmallCap 6005.9%
the Russell 2000 index5.9%

Fee-drag windows

Dollar fee drag from licensed return windows; the lowest-cost control class is omitted rather than compared with itself, and missing history remains explicit.
Share classWindowFee dragWindow dates
SMVLX10 years$30,6892016-07-29 to 2026-07-29
SMVLX20 years$106,4632006-07-31 to 2026-07-29
SMVLX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFAX10 years$30,6892016-07-29 to 2026-07-29
SVFAX20 years$106,4632006-07-31 to 2026-07-29
SVFAX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFCX10 years$44,4712016-07-29 to 2026-07-29
SVFCX20 years$150,2862006-07-31 to 2026-07-29
SVFCX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFDX10 years$39,4102016-07-29 to 2026-07-29
SVFDX20 years$134,4792006-07-31 to 2026-07-29
SVFDX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFFX10 years$24,1572016-07-29 to 2026-07-29
SVFFX20 years$84,8302006-07-31 to 2026-07-29
SVFFX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFIX10 years$22,9322016-07-29 to 2026-07-29
SVFIX20 years$80,7102006-07-31 to 2026-07-29
SVFIX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFKX10 years$35,9062016-07-29 to 2026-07-29
SVFKX20 years$123,3422006-07-31 to 2026-07-29
SVFKX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26
SVFLXfiled expense ratio unavailable
SVFMXfiled expense ratio unavailable
SVFRXfiled expense ratio unavailable
SVFSXfiled expense ratio unavailable
SVFYX10 years$20,4662016-07-29 to 2026-07-29
SVFYX20 years$72,3592006-07-31 to 2026-07-29
SVFYX30 yearsproxy history begins 2000 — no full 30-year windowProxy history begins 2000-05-26

Check it yourself

  1. Open the fund’s linked SEC holdings filing and, for fees, the linked SEC expense filing in the table above.
  2. Find each security identifier and portfolio weight in the holdings filing, and the net annual operating expense for the relevant share class in its expense filing.
  3. Recalculate the comparison using the active-share formula and portfolio rules.
Raw record (JSON)

Download this record as JSON

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