Six Circles Credit Opportunities Fund (CRDOX)
The mutual fund aims to generate total return through investments in global fixed income opportunities, including below investment-grade debt and tactical credit opportunities. It offers flexibility in investing across various debt securities and instruments without a set target duration or average weighted maturity.
Fund Info
| Issuer | Six Circles |
|---|---|
| Inception Date | Nov 22, 2020 |
| Category | High Yield Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
CRDOX has a high expense ratio of 0.29%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: CRDOX vs. HEFA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Six Circles Credit Opportunities 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 Credit Opportunities Fund had a return of 0.78% year-to-date (YTD) and 6.99% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 0.78% | 5.57% |
| 1 month | -1.36% | -4.16% |
| 6 months | 8.34% | 20.07% |
| 1 year | 6.99% | 20.82% |
| 5 years (annualized) | N/A | 11.56% |
| 10 years (annualized) | N/A | 10.37% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.56% | 0.43% | 1.16% | |||||||||
| 2023 | -0.89% | 4.23% | 3.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of CRDOX is 77, placing it in the top 23% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Six Circles Credit Opportunities Fund(CRDOX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Six Circles Credit Opportunities Fund (CRDOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Six Circles Credit Opportunities Fund granted a 7.02% dividend yield in the last twelve months. The annual payout for that period amounted to $0.61 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dividend | $0.61 | $0.72 | $0.51 | $0.33 | $0.03 |
Dividend yield | 7.02% | 8.22% | 5.82% | 3.20% | 0.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Credit Opportunities 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.05 | $0.05 | |||||||||
| 2023 | $0.06 | $0.07 | $0.05 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 |
| 2022 | $0.03 | $0.04 | $0.05 | $0.05 | $0.04 | $0.03 | $0.05 | $0.05 | $0.00 | $0.05 | $0.06 | $0.05 |
| 2021 | $0.03 | $0.02 | $0.03 | $0.03 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 |
| 2020 | $0.03 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Six Circles Credit Opportunities 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 Credit Opportunities Fund was 15.92%, occurring on Oct 21, 2022. Recovery took 359 trading sessions.
The current Six Circles Credit Opportunities Fund drawdown is 1.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -15.92% | Dec 29, 2021 | 206 | Oct 21, 2022 | 359 | Mar 28, 2024 | 565 |
| -2.09% | Sep 9, 2020 | 12 | Sep 24, 2020 | 13 | Oct 13, 2020 | 25 |
| -1.59% | Oct 14, 2020 | 13 | Oct 30, 2020 | 4 | Nov 5, 2020 | 17 |
| -1.49% | Feb 16, 2021 | 23 | Mar 18, 2021 | 29 | Apr 29, 2021 | 52 |
| -1.48% | Apr 1, 2024 | 12 | Apr 16, 2024 | — | — | — |
Volatility
Volatility Chart
The current Six Circles Credit Opportunities Fund volatility is 1.08%, 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.