v3.26.1
Shareholder Report
 6 Months Ended
May 31, 2026
USD ($)
Holding
Shareholder Report [Line Items]  
Document Type N-CSRS
Amendment Flag false
Registrant Name SMEAD FUNDS TRUST
Entity Central Index Key 0001614370
Entity Investment Company Type N-1A
Document Period End Date May 31, 2026
Smead Value Fund - Class A  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Class A
Trading Symbol SVFAX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Class A/SVFAX)
$
65		1.23
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 65
Expense Ratio, Percent 1.23% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead Value Fund (Class A/SV
FAX) p
roduced 12.36% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Cenovus Energy, Inc. (CVE CN), APA Corp. (APA), and Macerich Co. (The) (MAC).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Lennar Corp. (LEN), NVR, Inc. (NVR), and American Express Co. (AXP).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class A shares. It assumes a $10,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN A
S OF
MAY 31, 2026
1 Year
5 Year
10 Year
Smead Value Fund (Class A/SVFAX) with sales charge22.89
%
8.41
%
11.92
%
Smead Value Fund (Class A/SVFAX)30.38
%
9.70
%
12.58
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
15.65
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
11.37
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead Value Fund - Class C  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Class C
Trading Symbol SVFCX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Class C/SVFCX)
$
96		1.81
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 96
Expense Ratio, Percent 1.81% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Perf
orm
ance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead Value Fund (Class C/SVFCX) produced 12.00% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Cenovus Energy, Inc. (CVE CN), APA Corp. (APA), and Macerich Co. (The) (MAC).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Lennar Corp. (LEN), NVR, Inc. (NVR), and American Express Co. (AXP).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the completed fiscal years of the Class C shares since its inception on April 16, 2020. It assumes a $25,000 initial investment at inception in an appropriate, broad-based securities market index for the same period.
GROWTH OF $2
5,0
00
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
Since
Inception
Smead Value Fund (Class C/SVFCX)29.57
%
9.03
%
17.65
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
11.52
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
8.73
%
Performance Inception Date Apr. 16, 2020
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead Value Fund - Class I1  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Class I1
Trading Symbol SVFFX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Class I1/SVFFX)
$
50		0.95
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 50
Expense Ratio, Percent 0.95% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead Value Fund (Class I1/SVFFX) produced 12.50% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class I1 shares. It assumes a $1,000,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $
1,000,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead Value Fund (Class I1/SVFFX)30.70
%
9.98
%
12.86
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
15.65
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
11.37
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead Value Fund - Class R1  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Class R1
Trading Symbol SVFDX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Class R1/SVFDX)
$
84		1.59
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 84
Expense Ratio, Percent 1.59% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For
the first half of the fiscal year 2026, the Smead Value Fund (Class R1/SVFDX) produced 12.14% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Cenovus Energy, Inc. (CVE CN), APA Corp. (APA), and Macerich Co. (The) (MAC).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Lennar Corp. (LEN), NVR, Inc. (NVR), and American Express Co. (AXP).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class R1 shares. It assumes a $25,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $25,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead Value Fund (Class R1/SVFDX)29.77
%
9.35
%
12.23
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
15.65
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
11.37
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead Value Fund - Class R2  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Class R2
Trading Symbol SVFKX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Class R2/SVFKX)
$
76		1.44
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 76
Expense Ratio, Percent 1.44% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead Value Fund (Class R2/SVFKX) produced 12.23% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Cenovus Energy, Inc. (CVE CN), APA Corp. (APA), and Macerich Co. (The) (MAC).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Lennar Corp. (LEN), NVR, Inc. (NVR), and American Express Co. (AXP).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class R2 shares. It assumes a $25,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $25,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead Value Fund (Class R2/SVFKX)29.97
%
9.43
%
12.67
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
15.65
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
11.37
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The
following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead Value Fund - Class Y  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Class Y
Trading Symbol SVFYX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Class Y/SVFYX)
$
42		0.80
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 42
Expense Ratio, Percent 0.80% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead Value Fund (Class Y/SVFYX) produced 12.58% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Cenovus Energy, Inc. (CVE CN), APA Corp. (APA), and Macerich Co. (The) (MAC).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Lennar Corp. (LEN), NVR, Inc. (NVR), and American Express Co. (AXP).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class Y shares. It assumes a $10,000,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead Value Fund (Class Y/SVFYX)30.80
%
10.07
%
12.99
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
15.65
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
11.37
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead Value Fund - Investor Class  
Shareholder Report [Line Items]  
Fund Name Smead Value Fund
Class Name Investor Class
Trading Symbol SMVLX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead Value Fund
(Investor Class/SMVLX)
$
65		1.23
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 65
Expense Ratio, Percent 1.23% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead Value Fund (Investor Class/SMVLX) produced 12.33% for the shareholders compared to 11.34% for the S&P 500 Index and 14.45% for the Russell 1000 Value Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Cenovus Energy, Inc. (CVE CN), APA Corp. (APA), and Macerich Co. (The) (MAC).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Lennar Corp. (LEN), NVR, Inc. (NVR), and American Express Co. (AXP).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Investor Class shares. It assumes a $10,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead Value Fund (Investor Class/SMVLX)30.31
%
9.67
%
12.55
%
S&P 500
®
Index (Total Return)		29.78
%
14.15
%
15.65
%
Russell 1000
®
Value Index (Total Return)		28.55
%
10.42
%
11.37
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 3,882,307,601
Holdings Count | Holding 27
Investment Company, Portfolio Turnover 4.10%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
3,882,307,601
Total number of portfolio holdings27
Portfolio turnover rate4.10
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.6.9
%
Simon Property Group, Inc. – REIT6.1
%
APA Corp.6.1
%
Merck & Co., Inc.5.9
%
Macerich Co. (The) – REIT5.5
%
Amgen, Inc.4.7
%
DR Horton, Inc.4.5
%
Diamondback Energy, Inc.4.1
%
Lennar Corp. – Class A3.9
%
American Express Co.3.9
%
Smead International Value Fund - Class A  
Shareholder Report [Line Items]  
Fund Name Smead International Value Fund
Class Name Class A
Trading Symbol SVXAX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead International Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead International Value Fund
(Class A/SVXAX)
$
76		1.35
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 76
Expense Ratio, Percent 1.35% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead International Value Fund (Class A/SVXAX) produced 25.22% for the shareholders compared to 12.65% for the MSCI EAFE NR Index and 17.79% for the MSCI ACWI ex-US NR Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Tamarack Valley Energy Ltd. (TVE CN), Bawag Group AG (BG AV), and Cenovus Energy, Inc. (CVE CN).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Pandora AS (PNDORA DC), Subaru Corp. (7270 JP), and Autotrader Group PLC (AUTO LN).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class A shares. It assumes a $10,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead International Value Fund (Class A/SVXAX) with sales charge39.20
%
15.51
%
13.29
%
Smead International Value Fund (Class A/SVXAX)47.70
%
16.89
%
13.96
%
MSCI All Country World Index ex-USA (Net-USD)32.77
%
8.77
%
9.82
%
MSCI EAFE Index Net22.80
%
8.79
%
9.28
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 303,978,739
Holdings Count | Holding 29
Investment Company, Portfolio Turnover 8.81%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
303,978,739
Total number of portfolio holdings29
Portfolio turnover rate8.81
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
GEOGRAPHIC ALLOCATION
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
Smead International Value Fund - Class C  
Shareholder Report [Line Items]  
Fund Name Smead International Value Fund
Class Name Class C
Trading Symbol SVXCX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead International Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead International Value Fund
(Class C/SVXCX)
$
112		2.00
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 112
Expense Ratio, Percent 2.00% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead International Value Fund (Class C/SVXCX) produced 24.81% for the shareholders compared to 12.65% for the MSCI EAFE NR Index and 17.79% for the MSCI ACWI ex-US NR Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Tamarack Valley Energy Ltd. (TVE CN), Bawag Group AG (BG AV), and Cenovus Energy, Inc. (CVE CN).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Pandora AS (PNDORA DC), Subaru Corp. (7270 JP), and Autotrader Group PLC (AUTO LN).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class C shares. It assumes a $25,000 initial investment at the beginning of the first fiscal year in an appropriate, br
oad-
based securities market index for the same period.
GROWTH OF $25,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead International Value Fund (Class C/SVXCX)46.79
%
16.23
%
13.30
%
MSCI All Country World Index ex-USA (Net-USD)32.77
%
8.77
%
9.82
%
MSCI EAFE Index Net22.80
%
8.79
%
9.28
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 303,978,739
Holdings Count | Holding 29
Investment Company, Portfolio Turnover 8.81%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
303,978,739
Total number of portfolio holdings29
Portfolio turnover rate8.81
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the
investment
makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
GEOGRAPHIC ALLOCATION
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
Smead International Value Fund - Class I1  
Shareholder Report [Line Items]  
Fund Name Smead International Value Fund
Class Name Class I1
Trading Symbol SVXFX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead International Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead International Value Fund
(Class I1/SVXFX)
$
60		1.06
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 60
Expense Ratio, Percent 1.06% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead International Value Fund (Class I1/SVXFX) produced 25.41% for the shareholders compared to 12.65% for the MSCI EAFE NR Index and 17.79% for the MSCI ACWI ex-US NR Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Tamarack Valley Energy Ltd. (TVE CN), Bawag Group AG (BG AV), and Cenovus Energy, Inc. (CVE CN).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Pandora AS (PNDORA DC), Subaru Corp. (7270 JP), and Autotrader Group PLC (AUTO LN).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class I1 shares. It assumes a $1,000,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $1,000,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead International Value Fund (Class I1/SVXFX)48.15
%
17.22
%
14.28
%
MSCI All Country World Index ex-USA (Net-USD)32.77
%
8.77
%
9.82
%
MSCI EAFE Index Net22.80
%
8.79
%
9.28
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 303,978,739
Holdings Count | Holding 29
Investment Company, Portfolio Turnover 8.81%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
303,978,739
Total number of portfolio holdings29
Portfolio turnover rate8.81
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
GEOGRAPHIC ALLOCATION
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
Smead International Value Fund - Class Y  
Shareholder Report [Line Items]  
Fund Name Smead International Value Fund
Class Name Class Y
Trading Symbol SVXYX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead International Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund atsmeadcap.com/smead-funds/forms/. You can also request this information by contacting us at877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead International Value Fund
(Class Y/SVXYX)
$
56		1.00
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 56
Expense Ratio, Percent 1.00% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead International Value Fund (Class Y/SVXYX) produced 25.42% for the shareholders compared to 12.65% for the MSCI EAFE NR Index and 17.79% for the MSCI ACWI ex-US NR Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Tamarack Valley Energy Ltd. (TVE CN), Bawag Group AG (BG AV), and Cenovus Energy, Inc. (CVE CN).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Pandora AS (PNDORA DC), Subaru Corp. (7270 JP), and Autotrader Group PLC (AUTO LN).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Class Y shares. It assumes a $10,000,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead International Value Fund (Class Y/SVXYX)48.27
%
17.38
%
14.43
%
MSCI All Country World Index ex-USA (Net-USD)32.77
%
8.77
%
9.82
%
MSCI EAFE Index Net22.80
%
8.79
%
9.28
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 303,978,739
Holdings Count | Holding 29
Investment Company, Portfolio Turnover 8.81%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
303,978,739
Total number of portfolio holdings29
Portfolio turnover rate8.81
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
GEOGRAPHIC ALLOCATION
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
Smead International Value Fund - Investor Class  
Shareholder Report [Line Items]  
Fund Name Smead International Value Fund
Class Name Investor Class
Trading Symbol SVXLX
Annual or Semi-Annual Statement [Text Block] This semi-annual shareholder report contains important information about the Smead International Value Fund (“Fund”) for the period of December 1, 2025, to May 31, 2026.
Shareholder Report Annual or Semi-Annual semi-annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at smeadcap.com/smead-funds/forms/. You can also request this information by contacting us at 877-807-4122.
Additional Information Phone Number 877-807-4122
Additional Information Website smeadcap.com/smead-funds/forms/
Expenses [Text Block]
Fund Expenses for the Last Six Months
(Based on a hypothetical $10,000 investment)
Fund (Class)
Costs of a $10,000 investment
Costs paid as a percentage of a $10,000 investment
1
Smead International Value Fund
(Investor Class/SVXLX)
$
70		1.25
%
 
1
Expense ratio is expressed on an annualized basis.
Expenses Paid, Amount $ 70
Expense Ratio, Percent 1.25% [1]
Factors Affecting Performance [Text Block]
Management’s Discussion of Fund Performance
SUMMARY OF RESULTS
For the first half of the fiscal year 2026, the Smead International Value Fund (Investor Class/SVXLX) produced 25.29% for the shareholders compared to 12.65% for the MSCI EAFE NR Index and 17.79% for the MSCI ACWI ex-US NR Index.
TOP PERFORMANCE CONTRIBUTORS
Our biggest contributors for the fiscal period were Tamarack Valley Energy Ltd. (TVE CN), Bawag Group AG (BG AV), and Cenovus Energy, Inc. (CVE CN).
TOP PERFORMANCE DETRACTORS
The largest detractors for the fiscal period were Pandora AS (PNDORA DC), Subaru Corp. (7270 JP), and Autotrader Group PLC (AUTO LN).
Performance Past Does Not Indicate Future [Text] Performance data quoted represents past performance; past performance does not guarantee future results.
Line Graph [Table Text Block]
Fund Performance
The following graph compares the initial and subsequent account values at the end of each of the most recently completed 10 fiscal years of the Investor Class shares. It assumes a $10,000 initial investment at the beginning of the first fiscal year in an appropriate, broad-based securities market index for the same period.
GROWTH OF $10,000
Fund Performance - Growth of 10K
Average Annual Return [Table Text Block]
AVERAGE ANNUAL TOTAL RETURN AS OF MAY 31, 2026
1 Year
5 Year
10 Year
Smead International Value Fund (Investor Class/SVXLX)47.89
%
17.08
%
14.13
%
MSCI All Country World Index ex-USA (Net-USD)32.77
%
8.77
%
9.82
%
MSCI EAFE Index Net22.80
%
8.79
%
9.28
%
No Deduction of Taxes [Text Block] The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.
Updated Performance Information Location [Text Block] Visit
smeadcap.com/smead-funds/forms/
for the most recent performance information.
Net Assets $ 303,978,739
Holdings Count | Holding 29
Investment Company, Portfolio Turnover 8.81%
Additional Fund Statistics [Text Block]
Key Fund Statistics (as of
 
May 31, 2026)
The following table outlines key Fund statistics that you should pay attention to.
Fund Net Assets
$
303,978,739
Total number of portfolio holdings29
Portfolio turnover rate8.81
%
Holdings [Text Block]
Graphical Representation of Holdings (as of May 31, 2026)
The tables below show the investment makeup of the Fund, representing the percentage of the total net assets of the Fund.
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
SECTOR ALLOCATION
Graphical Representation - Allocation 1 Chart
GEOGRAPHIC ALLOCATION
Graphical Representation - Allocation 2 Chart
Largest Holdings [Text Block]
TOP TEN HOLDINGS
Cenovus Energy, Inc.9.7
%
BAWAG Group AG9.2
%
Strathcona Resources Ltd.7.8
%
Tamarack Valley Energy Ltd.5.8
%
Glencore PLC5.3
%
UniCredit SpA5.1
%
Frontline PLC4.5
%
Bankinter SA4.4
%
Barclays PLC4.2
%
Roche Holding AG3.7
%
[1] Expense ratio is expressed on an annualized basis.