Morningstar

Six Circles Tax Aware Bond Fund CBTAX

Morningstar Medalist Rating
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Medalist Rating as of See Six Circles Investment Hub
  • NAV / 1-Day Return $9.40  /  +0.11 %
  • Fund Size $17.3B
  • Adjusted Expense Ratio 0.130%
  • Net Expense Ratio 0.130%
  • Fee Level: Distribution Low
  • Share Class Type No Load
  • Morningstar Category Muni National Interm
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 3.78%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis CBTAX

Will CBTAX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Six Circles Tax Aware Bond holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings CBTAX

More CBTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash And Cash Equivalents

3.07 556M
Cash and Equivalents

Asset Offset

1.40 253M
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BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5%

0.30 55M
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 5.25%

0.29 52M
municipal

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 5%

0.28 51M
municipal

SOUTHEAST ENERGY AUTH COOP DIST ALA GAS SUPPLY REV 5.25%

0.23 42M
municipal

TEXAS TRANSN FIN CORP SH 288 SYS TOLL REV 5.25%

0.23 41M
municipal

FAIRFAX CNTY VA 5%

0.21 38M
municipal

NEW YORK LIBERTY DEV CORP LIBERTY REV 5%

0.21 37M
municipal

COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 4%

0.20 37M
municipal

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