Brandes Separately Managed Account Reserve Trust (SMARX)
7.84
+0.02
(+0.26%)
USD |
Aug 24 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 196.07M | -- | 51.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 4.479M | 3.20% |
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize long-term total return. The Fund invests in a diversified portfolio of debt securities and the Fund may also invest up to 60% of its total assets in non-US dollar securities, it uses the principles of value investing to analyze and select debt securities for the Funds investment portfolio. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD |
| Peer Group | General Bond Funds |
| Global Macro | Bond HC |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General Bond Funds |
| Fund Owner Firm Name | Brandes |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
67
-1.167B
Peer Group Low
1.316B
Peer Group High
1 Year
% Rank:
50
4.479M
-4.188B
Peer Group Low
8.922B
Peer Group High
3 Months
% Rank:
70
-2.386B
Peer Group Low
6.751B
Peer Group High
3 Years
% Rank:
47
-14.23B
Peer Group Low
17.44B
Peer Group High
6 Months
% Rank:
57
-2.394B
Peer Group Low
8.208B
Peer Group High
5 Years
% Rank:
48
-3.047B
Peer Group Low
48.67B
Peer Group High
YTD
% Rank:
51
-2.394B
Peer Group Low
8.753B
Peer Group High
10 Years
% Rank:
38
-1.900B
Peer Group Low
40.23B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of August 25, 2026.
Asset Allocation
As of June 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.96% |
| Stock | 0.00% |
| Bond | 98.04% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 4.75 02/15/2037 FIX USD Government | 12.38% | 100.71 | 0.27% |
| United States of America USGB 3.75 11/15/2043 FIX USD Government | 5.84% | 83.73 | 0.49% |
| United States of America USGB 3.0 05/15/2047 FIX USD Government | 5.83% | 71.47 | 0.58% |
| United States of America USGB 3.5 02/15/2039 FIX USD Government | 4.71% | 87.84 | 0.34% |
| United States of America USGB 2.25 02/15/2027 FIX USD Government | 3.95% | 99.24 | 0.01% |
| Organon & Co. ORGACO 4.125 04/30/2028 FIX USD Corporate 144A | 3.85% | 98.84 | 0.03% |
| USB Capital IX USB-CapIX 5.03453 12/31/2099 FLT USD Corporate '11 | 3.34% | 77.38 | 0.04% |
|
Federal National Mortgage Association 01-MAR-2036 BZ6433
|
2.98% | -- | -- |
|
Federal National Mortgage Association 01-JAN-2031 BZ6304
|
2.94% | -- | -- |
| Sabre GLBL Inc. SABRGLB 11.125 07/15/2030 FIX USD Corporate 144A | 2.81% | 98.08 | 0.06% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.00% |
| Administration Fee | -- |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
Projected Income
| Type | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of July 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks to maximize long-term total return. The Fund invests in a diversified portfolio of debt securities and the Fund may also invest up to 60% of its total assets in non-US dollar securities, it uses the principles of value investing to analyze and select debt securities for the Funds investment portfolio. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD |
| Peer Group | General Bond Funds |
| Global Macro | Bond HC |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | General Bond Funds |
| Fund Owner Firm Name | Brandes |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (8-24-26) | 5.23% |
| 30-Day SEC Yield (7-31-26) | 0.06% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 59 |
| Bond | |
| Yield to Maturity (6-30-26) | 5.34% |
| Effective Duration | 5.78 |
| Average Coupon | 4.85% |
| Calculated Average Quality | 3.275 |
| Effective Maturity | 9.038 |
| Nominal Maturity | 12.58 |
| Number of Bond Holdings | 54 |
As of June 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 10/3/2005 |
| Last Annual Report Date | 3/31/2026 |
| Last Prospectus Date | 7/29/2026 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:SMARX", "name") |
| Broad Asset Class: =YCI("M:SMARX", "broad_asset_class") |
| Broad Category: =YCI("M:SMARX", "broad_category_group") |
| Prospectus Objective: =YCI("M:SMARX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |