Brandes Separately Managed Account Reserve Trust (SMARX)
7.81
-0.02
(-0.26%)
USD |
May 19 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 196.45M | -- | 6.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 4.989M | 4.56% |
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:
43
-3.511B
Peer Group Low
288.35M
Peer Group High
1 Year
% Rank:
54
4.989M
-641.24M
Peer Group Low
13.23B
Peer Group High
3 Months
% Rank:
47
-2.235B
Peer Group Low
1.456B
Peer Group High
3 Years
% Rank:
55
-12.70B
Peer Group Low
18.00B
Peer Group High
6 Months
% Rank:
49
-3.509B
Peer Group Low
2.976B
Peer Group High
5 Years
% Rank:
69
-1.455B
Peer Group Low
49.86B
Peer Group High
YTD
% Rank:
45
-2.080B
Peer Group Low
2.002B
Peer Group High
10 Years
% Rank:
80
-1.866B
Peer Group Low
81.23B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 20, 2026.
Asset Allocation
As of March 31, 2026.
| Type | % Net |
|---|---|
| Cash | 1.16% |
| Stock | 0.00% |
| Bond | 98.84% |
| 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 | 12.74% | 101.57 | 0.75% |
| United States of America USGB 3.0 05/15/2047 FIX USD Government | 7.48% | 72.28 | 1.09% |
| United States of America USGB 3.75 11/15/2043 FIX USD Government | 5.98% | 84.51 | 0.99% |
| United States of America USGB 3.5 02/15/2039 FIX USD Government | 4.83% | 88.34 | 0.88% |
| Organon & Co. ORGACO 4.125 04/30/2028 FIX USD Corporate 144A | 3.86% | 98.72 | 0.23% |
| USB Capital IX USB-CapIX 4.95471 12/31/2099 FLT USD Corporate '11 | 3.45% | 78.14 | 0.02% |
| Northern Treasury Portfolio Premier | 3.13% | 1.00 | 0.00% |
|
Federal National Mortgage Association 01-MAR-2036 BZ6433
|
3.07% | -- | -- |
| The Goldman Sachs Group, Inc. GS 12/31/2099 FLT USD Corporate '26 (Called) | 3.05% | 100.00 | -0.02% |
|
Federal National Mortgage Association 01-JAN-2031 BZ6304
|
3.04% | -- | -- |
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 |
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 (5-18-26) | 5.23% |
| 30-Day SEC Yield (3-31-26) | 0.06% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 59 |
| Bond | |
| Yield to Maturity (3-31-26) | 5.33% |
| Effective Duration | 5.78 |
| Average Coupon | 5.11% |
| Calculated Average Quality | 3.508 |
| Effective Maturity | 9.547 |
| Nominal Maturity | 13.21 |
| Number of Bond Holdings | 53 |
As of March 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 10/3/2005 |
| Last Annual Report Date | 3/31/2025 |
| Last Prospectus Date | 1/28/2025 |
| 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. |