Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX)
The investment seeks to provide capital appreciation. Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings) in equity securities issued by U.S. companies and other instruments with economic characteristics similar to equity securities issued by U.S. companies. It may also invest a portion of its assets in securities of real estate investment trusts ("REITs") that own and/or manage properties.
Fund Info
| ISIN | US83002G5045 |
|---|---|
| Issuer | Blackrock |
| Inception Date | Apr 10, 2019 |
| Category | Large Cap Blend Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
CMEUX has an expense ratio of 0.07%, which is considered low compared to other funds.
Share Price Chart
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Compare to other instruments
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Popular comparisons: CMEUX vs. CGJIX, CMEUX vs. JMUEX, CMEUX vs. QQQ, CMEUX vs. VFIAX, CMEUX vs. VFORX, CMEUX vs. ^GSPC, CMEUX vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Six Circles Managed Equity Portfolio U.S. Unconstrained Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund had a return of 27.12% year-to-date (YTD) and 37.14% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 27.12% | 25.82% |
| 1 month | 2.60% | 3.20% |
| 6 months | 15.09% | 14.94% |
| 1 year | 37.14% | 35.92% |
| 5 years (annualized) | 17.73% | 14.22% |
| 10 years (annualized) | N/A | 11.43% |
Monthly Returns
The table below presents the monthly returns of CMEUX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.79% | 5.81% | 2.88% | -4.20% | 5.12% | 4.12% | 0.51% | 2.25% | 2.50% | -1.07% | 27.12% | ||
| 2023 | 6.33% | -2.58% | 4.64% | 1.20% | 1.88% | 6.00% | 3.80% | -1.49% | -4.40% | -2.04% | 9.27% | 4.17% | 29.09% |
| 2022 | -5.75% | -3.05% | 3.80% | -9.41% | 0.00% | -7.60% | 9.28% | -4.28% | -9.37% | 7.16% | 5.27% | -6.13% | -20.29% |
| 2021 | -0.58% | 1.83% | 3.45% | 5.63% | 0.53% | 3.93% | 2.01% | 3.40% | -4.95% | 6.34% | -0.83% | 3.64% | 26.65% |
| 2020 | 0.55% | -6.69% | -8.24% | 12.99% | 4.11% | 2.33% | 6.93% | 8.29% | -3.64% | -2.59% | 10.49% | 3.75% | 29.12% |
| 2019 | 1.80% | -6.09% | 5.75% | 1.29% | -2.83% | 1.61% | 3.36% | 4.02% | 2.95% | 11.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CMEUX is 84, placing it in the top 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (CMEUX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund provided a 0.91% dividend yield over the last twelve months, with an annual payout of $0.19 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.19 | $0.18 | $0.15 | $0.20 | $0.12 |
Dividend yield | 0.91% | 1.16% | 1.38% | 0.89% | 1.48% | 1.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Managed Equity Portfolio U.S. Unconstrained Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.19 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.15 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2019 | $0.12 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Six Circles Managed Equity Portfolio U.S. Unconstrained Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Six Circles Managed Equity Portfolio U.S. Unconstrained Fund was 28.39%, occurring on Mar 23, 2020. Recovery took 53 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.39% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -25.61% | Dec 28, 2021 | 200 | Oct 12, 2022 | 294 | Dec 13, 2023 | 494 |
| -9.07% | Jul 17, 2024 | 14 | Aug 5, 2024 | 32 | Sep 19, 2024 | 46 |
| -8.1% | Apr 30, 2019 | 24 | Jun 3, 2019 | 22 | Jul 3, 2019 | 46 |
| -7.6% | Sep 3, 2020 | 14 | Sep 23, 2020 | 13 | Oct 12, 2020 | 27 |
Volatility
Volatility Chart
The current Six Circles Managed Equity Portfolio U.S. Unconstrained Fund volatility is 3.85%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.