SMARX Share Prices


For standardized performance, please click on the "Performance" tab.

Share Price As Of: September 7 2010
Fund NAV Change $
Brandes Separately Managed Account
Reserve Trust (SMART) (SMARX) (10/03/2005) 		$8.28 +0.02

Past performance does not guarantee future results

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 SMART 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.

Shares of the Brandes Separately Managed Account Reserve Trust Fund may be purchased by or on behalf of clients of "wrap account" programs sponsored by broker-dealers which have an agreement with the Advisor. The Board of Trustees may from time to time allow other persons or entities to purchase shares of the Fund, including employee benefit plans and Trustees and employees of the Advisor.

The Brandes Funds are distributed by Quasar Distributors, LLC.