SMVLX expense ratio history
Smead Value Fund, Investor Class Shares
Expense ratio: 1.23%
- In basis points
- 123 basis points
- Yearly cost per $10,000
- $123
- Prospectus dated
- 30 March 2026, filed with the SEC; rounded to 0.01%
- Last change
- Cut from 1.25% on 30 March 2024
Fee over time
Share classes
The same fund is sold as 12 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.
| Ticker | Share class | Fee | After waivers | Prospectus dated |
|---|---|---|---|---|
| SMVLX (this page) | Investor Class Shares | 1.23% | — | 30 Mar 2026 |
| SVFCX | Class C Shares | 1.82% | — | 30 Mar 2026 |
| SVFAX | Class A Shares | 1.23% | — | 30 Mar 2026 |
| SVFFX | Class I1 Shares | 0.96% | — | 30 Mar 2026 |
| SVFIX | Class I2 Shares | 0.91% | — | 30 Mar 2026 |
| SVFDX | Class R1 Shares | 2.91% | 1.60% | 30 Mar 2026 |
| SVFKX | Class R2 Shares | 1.76% | 1.45% | 30 Mar 2026 |
| SVFRX | Class R3 Shares | 1.37% | — | 30 Mar 2025 |
| SVFLX | Class R4 Shares | 1.05% | — | 30 Mar 2025 |
| SVFYX | CLASS Y SHARES | 0.81% | — | 30 Mar 2026 |
| SVFMX | Class I3 Shares | 1.03% | 1.00% | 30 Mar 2018 |
| SVFSX | Class S Shares | 1.28% | 1.25% | 30 Mar 2018 |
Every figure we've recorded
| Date | Fee | What happened |
|---|---|---|
| 30 Mar 2026 | 1.23% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2025 | 1.23% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2024 | 1.23% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-03-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497 |
| 30 Mar 2024 | 1.23% | Cut from 1.25% to 1.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-12-27 |
| 30 Mar 2023 | 1.25% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2023 | 1.25% | Cut from 1.26% to 1.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-03-30 |
| 30 Mar 2022 | 1.26% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2021 | 1.26% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2020 | 1.26% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-03-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497 |
| 30 Mar 2020 | 1.26% | Cut from 1.31% to 1.26%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-04-14 |
| 30 Mar 2019 | 1.31% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2019 | 1.31% | Raised from 1.29% to 1.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2019-04-12 |
| 30 Mar 2018 | 1.29% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2017 | 1.29% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-03-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497 |
| 30 Mar 2017 | 1.29% | Cut from 1.34% to 1.29%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2017-11-02 |
| 30 Mar 2016 | 1.34% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2016 | 1.34% | Cut from 1.37% to 1.34%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-04-15 |
| 30 Mar 2015 | 1.37% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
| 30 Mar 2015 | 1.37% | Cut from 1.46% to 1.37%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-04-15 |
| 21 Nov 2014 | 1.46% | In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-11-21 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS |
What this fee costs
Change the amount, years or return. The estimate keeps the fee at 1.23% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.
$1,495 in fees over 10 years
After fees, $10,000 grows to $14,435.
| After | Fees paid |
|---|---|
| 1 year | $126 |
| 3 years | $393 |
| 5 years | $679 |
| 10 years | $1,495 |
How we read this figure
The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.
SEC filings give 13 prospectuses for this share class since 2014. Each one is listed above with a link to the filing.