Six Circles Tax Aware Ult Shr Dur

Frequently Asked Questions About CUTAX

What does CUTAX invest in?

This fund typically commits a minimum of 50% of its total capital to municipal bonds, which yield income that is exempt from federal income taxation. It also possesses the flexibility to incorporate taxable investments into its portfolio. Although the fund can hold securities with a range of maturity dates, its primary aim under ordinary market conditions is to ensure the average effective duration of its holdings remains at or below one year.

What is the expense ratio of CUTAX?

Six Circles Tax Aware Ult Shr Dur (CUTAX) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations.

What is CUTAX's dividend yield?

CUTAX's trailing-twelve-month yield is 3.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of CUTAX?

Effective duration measures CUTAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. CUTAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of CUTAX?

CUTAX'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 CUTAX?

Yield to maturity (YTM) is the total return you'd earn from CUTAX if every bond in the portfolio is held to maturity at the current price. CUTAX'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.