Brandes Separately Managed Account Reserve Trust (SMARX)
8.00
-0.01
(-0.12%)
USD |
Dec 05 2025
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.00% | 194.93M | -- | 32.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 3.136M | 4.85% | Upgrade | Upgrade |
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 |
| 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:
25
-1.133B
Peer Group Low
425.49M
Peer Group High
1 Year
% Rank:
48
3.136M
-1.423B
Peer Group Low
10.92B
Peer Group High
3 Months
% Rank:
28
-1.604B
Peer Group Low
238.71M
Peer Group High
3 Years
% Rank:
56
-9.576B
Peer Group Low
19.76B
Peer Group High
6 Months
% Rank:
50
-241.16M
Peer Group Low
6.448B
Peer Group High
5 Years
% Rank:
69
-5.109B
Peer Group Low
53.46B
Peer Group High
YTD
% Rank:
47
-612.38M
Peer Group Low
10.72B
Peer Group High
10 Years
% Rank:
74
-17.59B
Peer Group Low
77.83B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of December 06, 2025.
Asset Allocation
As of September 30, 2025.
| Type | % Net |
|---|---|
| Cash | 1.56% |
| Stock | 0.00% |
| Bond | 98.44% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.00% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| United States of America USGB 4.375 05/15/2034 FIX USD Government | 9.89% | 102.56 | -0.25% |
| United States of America USGB 4.75 02/15/2037 FIX USD Government | 9.52% | 105.07 | -0.33% |
| United States of America USGB 3.0 05/15/2047 FIX USD Government | 6.35% | 75.60 | -0.53% |
| United States of America USGB 3.75 11/15/2043 FIX USD Government | 6.10% | 88.03 | -0.47% |
| United States of America USGB 3.5 02/15/2039 FIX USD Government | 5.09% | 91.37 | -0.38% |
| USB Capital IX USB-CapIX 12/31/2099 FLT USD Corporate '11 | 3.75% | 79.06 | -0.40% |
| Bank of America Corporation BACORP 4.45 03/03/2026 FIX USD Corporate | 3.51% | 100.07 | -0.01% |
| The Goldman Sachs Group, Inc. GS 3.8 12/31/2099 FLT USD Corporate '26 | 3.15% | 99.13 | -0.01% |
| UNIVISION COMMUNICATIONS INC. UVN 8.5 07/31/2031 FIX USD Corporate 144A | 2.87% | 103.18 | -0.11% |
| Travel + Leisure Co. TRAVLEI 6.625 07/31/2026 FIX USD Corporate 144A | 2.49% | 100.62 | 0.03% |
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 |
| 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 (12-4-25) | 4.98% |
| 30-Day SEC Yield (10-31-25) | 0.05% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 59 |
| Bond | |
| Yield to Maturity (9-30-25) | 5.33% |
| Effective Duration | 5.78 |
| Average Coupon | 5.03% |
| Calculated Average Quality | 3.607 |
| Effective Maturity | 8.715 |
| Nominal Maturity | 12.78 |
| Number of Bond Holdings | 54 |
As of September 30, 2025
Fund Details
| Key Dates | |
| Inception Date | 10/3/2005 |
| Last Annual Report Date | 9/30/2024 |
| Last Prospectus Date | 1/28/2025 |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Synthetic Replication 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. |