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	4.84%
Dividend Growth	2.63%
Payout Frequency	Monthly
Ex-Dividend Date	Apr 30, 2025

Previous Close	7.90
YTD Return	1.03%
1-Year Return	4.61%
5-Year Return	7.07%
52-Week Low	n/a
52-Week High	n/a
Beta (5Y)	0.29
Holdings	10
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
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SMARX
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

SMARX had a total return of 4.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.75%.

Top 10 Holdings

51.35% of assets

Name	Symbol	Weight
United States Treasury Bonds 4.75%	T 4.75 02.15.37	12.95%
United States Treasury Bonds 3.75%	T 3.75 11.15.43	7.39%
United States Treasury Bonds 3%	T 3 05.15.47	6.67%
United States Treasury Bonds 3.5%	T 3.5 02.15.39	5.28%
USB Capital IX 5.58359%	n/a	4.06%
Bank of America Corp. 4.45%	BAC 4.45 03.03.26 MTN	3.65%
Citigroup Inc. 4.4%	C 4.4 06.10.25	3.25%
Range Resources Corp. 4.875%	n/a	2.99%
Travel Plus Leisure Co 6.625%	TNL 6.625 07.31.26 144A	2.60%
Goldman Sachs Group, Inc. 3.8%	GS V3.8 PERP T	2.52%

Dividend History

Ex-Dividend	Amount	Pay Date
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
Nov 29, 2024	$0.03119	Nov 29, 2024