SMEAD CAPITAL MANAGEMENT, INC.

Advisory Business

Type of Organization	Corporation
Fiscal Year End	DECEMBER
Legal Location	Washington, United States

Employees

Total Number of Employees	17
Investment Advisory/Research	10
Registered Broker-Dealer Representatives	7
Registered State Investment Advisers	7
Licensed Agents of an Insurance Company	0
No. of Firms/People that Solicit Clients	0

RAUM

Provides Management of Securities Portfolios	Yes

Type	Accounts	RAUM
Discretionary	26	$5.9B
Non-Discretionary	61	$158.1M
Total	87	$6.1B

Clients

Type	Number	RAUM
Individuals	<5	$1.5M
HNW Individuals	11	$88.7M
Banking or thrift institutions	0	$0
Investment companies	2	$5.2B
Business development companies	0	$0
Pooled investment vehicles	1	$285.9M
Pension and profit sharing plans	0	$0
Charitable organizations	0	$0
State or municipal gov entities	0	$0
Other investment advisers	0	$0
Insurance companies	0	$0
Sovereign wealth funds and foreign official institutions	0	$0
Corporations or other businesses	10	$349.2M
Other	61	$158.1M

Type	Number
No. of Non-RAUM Clients	0
No. of Non-U.S. Clients	9

Services

Advisory Services	Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients
Compensation	% of AUM
Other Business Activities	Commodity pool operator or commodity trading advisor

Wrap Fee Program

Offers Wrap Fee Program	Yes

Acting As	RAUM
Sponsor	0
Portfolio Manager	15.9M
Both for Same	0

Portfolio Manager to Program	Sponsor
MORGAN STANLEY FIDUCIARY SERVICES	MORGAN STANLEY

Identifiers

SEC RIA File Number	801-67839
SEC ERA File Number	801-67839
SEC CIK Numbers	1427008
SEC CRD Numbers	143567
Legal Entity Identifier	549300VHW12HIPPPXV63

Principal Office

2502 EAST CAMELBACK ROAD
SUITE 210
PHOENIX
AZ
United States

Websites

Chief Compliance Officer

No. Employees, Historic

RAUM, Historic

No. Clients, Historic