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Morningstar

Six Circles Tax Aware Ult Shr Dur CUTAX

Morningstar Medalist Rating
Medalist Rating as of | See Six Circles Investment Hub
  • NAV / 1-Day Return 9.87  /  0.00
  • Total Assets 714.9 Mil
  • Adj. Expense Ratio
    0.150%
  • Expense Ratio 0.150%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.10%
  • Effective Duration —

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:14 PM GMT+0

Morningstar’s Analysis CUTAX

Will CUTAX 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 CUTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CUTAX 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 CUTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Low Process Pillar rating limit Six Circles Tax Aware Ult Shr Dur 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 cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CUTAX

More CUTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

2 Year Treasury Note Future Mar 24

12.32 86.0 Mil
Government

Asset Offset

2.43 17.0 Mil
—

LOUISIANA ST CITIZENS PPTY INS CORP ASSMT REV 5%

2.41 16.8 Mil
municipal

UNIVERSITY TEX UNIV REVS 3.71%

2.29 16.0 Mil
municipal

ORANGE CNTY FLA HEALTH FACS AUTH REV 3.75%

2.23 15.5 Mil
municipal

ORLANDO FLA UTILS COMMN UTIL SYS REV 3.93%

2.22 15.5 Mil
municipal

Future on 10 Year Australian Treasury Bond

2.03 14.2 Mil
Government

OHIO ST HOSP FAC REV 3.75%

2.01 14.0 Mil
municipal

CHELAN CNTY WASH PUB UTIL DIST NO 001 CONS REV 3.8%

1.89 13.2 Mil
municipal

ROCHESTER MINN HEALTH CARE FACS REV 3.8%

1.86 13.0 Mil
municipal