X0102 24F-2NT LIVE 1614370 XXXXXXXX false N-1A Smead Funds Trust 2502 East Camelback Road Suite 210 Phoenix AZ X1 85016 SMEAD VALUE FUND S000047006 Investor Class Shares C000146928 Class C Shares C000146929 Class A Shares C000146930 Class I1 Shares C000146931 Class I2 Shares C000146932 Class R1 Shares C000146933 Class R2 Shares C000146934 Class R3 Shares C000146935 Class R4 Shares C000146936 Class Y Shares C000146937 SMEAD INTERNATIONAL VALUE FUND S000075026 Class I1 C000233723 Class C C000233724 Class I2 C000233725 Investor Class C000233726 Class Y C000233727 Class A C000233728 811-22985 333-197810 11/30/2025 false false 1139641131.00 2824461830.00 0.00 2824461830.00 0.00 (1684820699.00) 0.0001381 0.00 0 0.00 Cole Smead Cole Smead, Chief Executive Officer 02/23/2026