Brandes

Brandes Core Plus Fixed Income Fund

The Brandes Core Plus Fixed Income Fund formerly named the Brandes Institutional Core Plus Fixed Income Fund, seeks to maximize long-term total return, consisting of both current income and capital appreciation.

Brandes Emerging Markets Value Fund

The Fund seeks long-term capital appreciation by investing in equity securities of issuers in developing markets that the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.

Brandes Global Equity Fund

The Fund seeks long-term capital appreciation by investing in equity securities of issuers that the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.

Brandes Global Equity Income Fund

The Fund seeks long-term capital appreciation and current income by investing primarily in equity securities of U.S. and foreign companies.

Brandes Global Opportunities Value Fund

The Fund seeks long-term capital appreciation by investing primarily in the equity securities of both U.S. and non-U.S. issuers irrespective of equity market capitalizations.

Brandes International Equity Fund

The Fund seeks long-term capital appreciation by investing in equity securities of non-U.S. issuers that the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.

Brandes International Small Cap Equity Fund

The Fund seeks long-term capital appreciation by investing in equity securities of non-U.S. issuers the Fund’s investment team believes are undervalued relative to their financial strength and upside potential.

Brandes Separately Managed Account Reserve Trust

The Fund seeks to maximize long-term total return by investing principally in a diversified portfolio of debt securities.