SMARX – Brandes Separately Managed Acct Rsrv Tr Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize long-term total return. The fund invests primarily in a diversified portfolio of debt securities. These include debt obligations issued or guaranteed by the U.S. government and foreign governments and their agencies and instrumentalities, debt securities issued by U.S. and foreign companies, collateralized mortgage obligations, and U.S. and foreign mortgage-backed and asset-backed debt securities. The fund may invest in debt instruments of any maturity or with no maturity and it may invest in both investment-grade securities and non-investment grade securities (also known as "high-yield bonds" or "junk bonds").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
SMARX	Brandes Separately Managed Account Reserve Trust	No Load	Open	—	—	Oct 3, 2005	$192.57M	0.000%	Low	$0	$11.41M

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