h1>Brandes Separately Managed Account Reserve Trust - Fund Facts
Brandes Separately Managed Account Reserve Trust - SMART as of 03/31/12 (Reporting Currency - USD)
Fund Facts:
Summary:
| Ticker Symbol: | SMARX |
| NAV: | 8.76 |
| Total Net Assets: | $152.0mm |
| Inception Date: | 10/03/05 |
| Dividend Frequency: | Monthly |
Sector Allocation*:
| U.S. Treasuries & Agencies | 6.2% |
| Corporate Securities | 78.1% |
| Mortgage-Backed Securities | 5.4% |
| Asset Backed Securities | 9.1% |
| Cash | 1.2% |
| Total | 100.0% |
Credit Quality Exposure:
| Aaa (including cash) | 12.2% |
| Aa | 2.0% |
| A | 6.8% |
| Baa | 45.2% |
| Less than Baa | 33.8% |
| Unrated Securities | 0.0% |
| Total | 100.0% |
Rating Agency: Moody's
Risk Measures:
| Portfolio | Barclays U.S. Aggregate* | |
| Average Maturity | 6.36 | 7.10 |
| Average Duration | 3.79 | 5.01 |
| Current Yield | 5.79 | 3.60 |
| Average Coupon | 5.27% | 3.89% |
| Average Price | 109.33 | 108.11 |
| Average Yield to Maturity | 5.16% | 2.23% |
| Number of Holdings | 64 | 7,929 |
Rating Agency: Moody's
Top 10 Holdings** (Excluding Treasuries and Agencies):
| JPMORGAN CHASE & CO |
| TYSON FOODS INC |
| UNITED STATES TREAS NTS |
| FIRSTENERGY CORP |
| TOLL BROS FIN CORP |
| LENNAR CORP |
| INTERPUBLIC GROUP COS INC |
| MASCO CORP |
| REGIONS FINANCIAL CORP NEW |
| GMAC INC |
Complete holdings can be viewed by clicking here.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 800.395.3807 or clicking below.
Click here for Standardized Performance and 30-Day SEC Yield.
* The Barclays Capital U.S. Aggregate Bond Index is an unmanaged index consisting of U.S. dollar- denominated, fixed-rate, taxable bonds. The U.S. Aggregate Bond Index is a broad-based benchmark that measures the investment grade, U.S. dollar-denominated, fixed-rate taxable bond market, including Treasuries, government-related and corporate securities, MBS (agency fixed-rate and hybrid ARM passthroughs), ABS, and CMBS. The U.S. Aggregate rolls up into other Barclays Capital flagship indices such as the multi-currency Global Aggregate Index and the U.S. Universal Index, which includes high yield and emerging markets debt. The U.S. Aggregate Index was created in 1986, with index history backfilled to January 1, 1976. The index is a total return index which reflects the price changes and interest of each bond in the index.
The Brandes Separately Managed Account Reserve Trust Fund may invest in foreign securities, which involve risks such as currency fluctuation and political instability. Investment by The Brandes Separately Managed Account Reserve Trust 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 Fund 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 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.