Fund Information
Mutual fund investing involves risk; principal loss is possible. The Brandes Funds will invest in foreign securities and emerging markets, which involve risks such as currency fluctuation, immature economic structures and legal systems, and political instability. Investment by the Brandes Separately Managed Account Reserve Trust Fund, Institutional Core Plus Fixed Income Fund, and Institutional Enhanced Income Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. The Funds may also use options and future contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors. Please refer to the Brandes Institutional International Equity Fund Prospectus, Institutional Global Equity Fund Prospectus, Separately Managed Account Reserve Trust - SMART Prospectus and the Institutional Core Plus Fixed Income Prospectus for important information about the investment company including investment objectives, risks, charges and expenses. To obtain a hard copy Prospectus, please call the Mutual Fund Group at 800.395.3807. The Brandes Funds are distributed by Quasar Distributors, LLC. |
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