Brandes Separately Managed Account Reserve Trust (SMARX)

Fund Assets	176.51M
Expense Ratio	n/a
Min. Investment	$0.00
Turnover	n/a
Dividend (ttm)	0.38
Dividend Yield	4.81%
Dividend Growth	1.34%
Payout Frequency	Monthly
Ex-Dividend Date	May 30, 2025

Previous Close	7.91
YTD Return	1.41%
1-Year Return	3.21%
5-Year Return	5.90%
52-Week Low	7.78
52-Week High	8.19
Beta (5Y)	0.28
Holdings	57
Inception Date	Oct 3, 2005

About SMARX

The Brandes Separately Managed Account Reserve Trust (SMARX) seeks to maximize long-term total return. SMARX 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.

• Category: Miscellaneous Fixed Income
• Stock Exchange: NASDAQ
• Ticker Symbol: SMARX
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

SMARX had a total return of 3.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.76%.

Top 10 Holdings

50.79% of assets

Name	Symbol	Weight
United States Treasury Bonds - T 4.75 02/15/37	T	12.81%
United States Treasury Bonds - T 3.75 11/15/43	T	7.31%
United States Treasury Bonds - T 3 05/15/47	T	6.60%
United States Treasury Bonds - T 3.5 02/15/39	T	5.22%
USB Capital IX - USB V0 PERP	USB	4.02%
Bank of America Corp. - BAC 4.45 03/03/26 MTN	BAC	3.61%
Citigroup Inc. - C 4.4 06/10/25	C	3.21%
Range Resources Corp. - RRC 4.875 05/15/25	RRC	2.96%
Travel Plus Leisure Co - TNL 6.625 07/31/26 144A	TNL	2.57%
Goldman Sachs Group, Inc. - GS V3.8 PERP T	GS	2.49%

Dividend History

Ex-Dividend	Amount	Pay Date
May 30, 2025	$0.03399	May 30, 2025
Apr 30, 2025	$0.03255	Apr 30, 2025
Mar 31, 2025	$0.03344	Mar 31, 2025
Feb 28, 2025	$0.02936	Feb 28, 2025
Jan 31, 2025	$0.03209	Jan 31, 2025
Dec 31, 2024	$0.03217	Dec 31, 2024