BRANDES INTERNATIONAL EQUITY FUND Class A Class C Class I Class R6 Equity Securities Risk Foreign Securities Risk Value Securities Risk Issuer Risk Focused Investing Risk Active Management Risk Consumer Staples Sector Risk Currency Risk Emerging Markets Risk Financial Sector Risk Health Care Sector Risk Large Transactions Risk Market Risk Mid and Small-Capitalization Company Risk Redemption Risk MSCI EAFE (Net Dividends) Index (reflects no deduction for fees, expenses or taxes) MSCI EAFE Value Index (reflects no deduction for fees, expenses or taxes) BRANDES GLOBAL EQUITY FUND Class A Class C Class I Class R6 MSCI World (Net Dividends) Index (reflects no deduction for fees, expenses or taxes) MSCI World Value Index (reflects no deduction for fees, expenses or taxes) BRANDES EMERGING MARKETS VALUE FUND Class A Class C Class I Class R6 Information Technology Sector Risk Liquidity Risk Real Estate Investment Trusts Risk Stock Connect Investing Risk MSCI Emerging Markets (Net Dividends) Index (reflects no deduction for fees, expenses or taxes) MSCI Emerging Markets Value Index (reflects no deduction for fees, expenses or taxes) BRANDES INTERNATIONAL SMALL CAP EQUITY FUND Class A Class C Class I Class R6 Industrials Sector Risk MSCI ACWI Ex-USA Index (reflects no deduction for fees, expenses or taxes) MSCI ACWI Ex-USA Small Cap Value Index (reflects no deduction for fees, expenses or taxes) BRANDES SMALL CAP VALUE FUND Class A Class I Class R6 Credit Risk [Member] Interest Rate Risk [Member] Russell 3000 Index (reflects no deduction for fees, expenses or taxes) Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes) BRANDES CORE PLUS FIXED INCOME FUND Class A Class I Class R6 Duration Risk Mortgage- and Asset-Backed Securities Risk Non-Investment Grade (High Yield Bond) Securities Risk U.S. Government Obligations Risk Value Style Risk Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) BRANDES SEPARATELY MANAGED ACCOUNT RESERVE TRUST BRANDES SEPARATELY MANAGED ACCOUNT RESERVE TRUST Shares Bloomberg U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) Bloomberg U.S. Intermediate Credit Index (reflects no deduction for fees, expenses or taxes) C000249532Member C000249533Member C000249534Member C000249531Member C000249540Member C000249538Member C000249539Member C000249541Member C000249527Member C000249528Member C000249529Member C000249530Member C000249535Member C000249537Member C000249536Member C000249542Member C000249543Member C000249544Member Index12Member