Brandes Separately Managed Acct Rsrv Tr (SMARX)

Fund Assets	196.17M
Expense Ratio	n/a
Min. Investment	$0.00
Turnover	50.64%
Dividend (ttm)	0.41
Dividend Yield	5.22%
Dividend Growth	6.00%
Payout Frequency	Monthly
Ex-Dividend Date	Jul 31, 2026

Previous Close	7.87
YTD Return	0.96%
1-Year Return	3.41%
5-Year Return	7.88%
52-Week Low	7.81
52-Week High	8.09
Beta (5Y)	0.29
Holdings	10
Inception Date	n/a

About SMARX

Brandes Separately Managed Account Reserve Trust is a mutual fund that primarily focuses on maximizing long-term total return through a diversified portfolio of debt securities. The fund is structured specifically for clients participating in wrap account programs managed by affiliated broker-dealers, meaning it is not typically available as a stand-alone investment. It invests in a range of fixed income securities, which may include those with yield premiums over U.S. Treasury securities, and has flexibility to hold both U.S. dollar and non-U.S. dollar instruments, with the ability to hedge currency exposure as needed. The fund typically maintains a portfolio duration between one and ten years, adjusting based on the economic outlook and interest rate environment. Managed by a dedicated fixed income team with significant industry experience, the fund plays a role as a component within broader fixed income strategies, aiming to deliver steady risk-adjusted returns for clients within managed investment solutions. Its low expense structure is a notable feature, as most associated fees are charged at the wrap account level rather than within the fund itself, supporting its use as an efficient fixed income building block in portfolio construction.

• Fund Family: Brandes
• Category: Miscellaneous Fixed Income
• Performance Rating: High
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SMARX

Performance

SMARX had a total return of 3.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.96%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
FIWGX	Fidelity	Strategic Advisers Fidelity Core Income Fund	0.17%
FPCIX	Fidelity	Strategic Advisers Core Income Fund	0.25%

Dividend History

Ex-Dividend	Amount	Pay Date
Jul 31, 2026	$0.03469	Jul 31, 2026
Jun 30, 2026	$0.03336	Jun 30, 2026
May 29, 2026	$0.03433	May 29, 2026
Apr 30, 2026	$0.03371	Apr 30, 2026
Mar 31, 2026	$0.03488	Mar 31, 2026
Feb 27, 2026	$0.03147	Feb 27, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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