# Six Circles Tax Aware Bond (CBTAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/cbtax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Six Circles · Asset class: Bond - Strategy: Actively Managed · Inception: 2020-05-19 Under normal operating conditions, this fund is committed to investing at least 80% of its total net assets (including any borrowed capital) in a range of fixed-income securities and other debt-like instruments that offer comparable economic characteristics. A significant portion, specifically a minimum of 50% of its holdings, will be allocated to municipal securities, generating income that is exempt from federal income tax. The fund also retains the flexibility to invest in fixed-income instruments where the income is subject to taxation. ## Key Facts | Metric | Value | |---|---| | Price | $9.53 | | Expense Ratio | — | | Assets Under Management | $17.58B | | NAV | $9.53 | | Holdings Count | — | | Distribution Yield (TTM) | 3.67% | | Annual Distribution (TTM) | $0.35 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.17 – $9.97 | | Beta | 0.88 | ## Latest Distribution - Amount: $0.0295 /share - Ex-date: 2026-09-29 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does CBTAX invest in? Under normal operating conditions, this fund is committed to investing at least 80% of its total net assets (including any borrowed capital) in a range of fixed-income securities and other debt-like instruments that offer comparable economic characteristics. A significant portion, specifically a minimum of 50% of its holdings, will be allocated to municipal securities, generating income that is exempt from federal income tax. The fund also retains the flexibility to invest in fixed-income instruments where the income is subject to taxation. ### What is the expense ratio of CBTAX? An expense ratio for Six Circles Tax Aware Bond (CBTAX) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### What is CBTAX's dividend yield? CBTAX's trailing-twelve-month yield is 3.67%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of CBTAX? Effective duration measures CBTAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CBTAX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of CBTAX? CBTAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of CBTAX? Yield to maturity (YTM) is the total return you'd earn from CBTAX if every bond in the portfolio is held to maturity at the current price. CBTAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does CBTAX pay a dividend? Yes, Six Circles Tax Aware Bond (CBTAX) distributes dividends to shareholders. The trailing-twelve-month yield is 3.67%. Full dividend history is on this page. ### How often does CBTAX pay dividends? Six Circles Tax Aware Bond pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is CBTAX's next ex-dividend date? The most recently announced ex-dividend date for CBTAX was 2026-09-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is CBTAX's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Six Circles Tax Aware Bond (CBTAX). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does CBTAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from CBTAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/cbtax - Distribution history: https://www.dividenddata.com/funds/cbtax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/cbtax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/cbtax/expenses - Peer comparison: https://www.dividenddata.com/funds/cbtax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.