SMARX

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.