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Morningstar

Six Circles Tax Aware Bond CBTAX

Morningstar Medalist Rating
Medalist Rating as of | See Six Circles Investment Hub
  • NAV / 1-Day Return 9.64  /  +0.10 %
  • Total Assets 10.0 Bil
  • Adj. Expense Ratio
    0.140%
  • Expense Ratio 0.140%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.99%
  • Effective Duration —

USD | NAV as of May 31, 2024 | 1-Day Return as of May 31, 2024, 10:14 PM GMT+0

Morningstar’s Analysis CBTAX

Will CBTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CBTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CBTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CBTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Six Circles Tax Aware Bond to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CBTAX

More CBTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Asset Offset

1.49 134.4 Mil
—

Cash And Cash Equivalents

1.18 106.2 Mil
Cash and Equivalents

NEW YORK N Y 5.25%

0.37 33.1 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25%

0.29 26.3 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.25%

0.29 26.1 Mil
municipal

TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5%

0.29 25.8 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV 4%

0.26 23.2 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.25%

0.25 22.8 Mil
municipal

SOUTHEAST ALA GAS SUPPLY DIST GAS SUPPLY REV 5%

0.25 22.6 Mil
municipal

MARICOPA CNTY ARIZ SPL HEALTH CARE DIST 4%

0.25 22.3 Mil
municipal