Six Circles Ultra Short Duration Fund (CUSDX)
The fund mainly invests in U.S. dollar and non-U.S. dollar denominated investment grade short-term fixed and floating rate debt securities. While it may invest in securities with various maturities, under normal market conditions, the fund will seek to maintain an average effective portfolio duration of one year or less.
Fund Info
US83002G1085
Jul 9, 2018
$0
Expense Ratio
CUSDX has an expense ratio of 0.18%, which is considered low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Six Circles Ultra Short Duration 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 Ultra Short Duration Fund (CUSDX) returned 1.42% year-to-date (YTD) and 5.40% over the past 12 months.
CUSDX
1.42%
0.38%
2.21%
5.40%
2.97%
N/A
^GSPC (Benchmark)
-3.70%
13.67%
-5.18%
9.18%
14.14%
10.43%
Monthly Returns
The table below presents the monthly returns of CUSDX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.37% | 0.41% | 0.25% | 0.38% | 0.00% | 1.42% | |||||||
| 2024 | 0.61% | 0.30% | 0.53% | 0.31% | 0.52% | 0.42% | 0.63% | 0.69% | 0.53% | 0.29% | 0.40% | 0.57% | 5.96% |
| 2023 | 0.67% | 0.16% | 0.43% | 0.45% | 0.35% | 0.46% | 0.57% | 0.49% | 0.41% | 0.42% | 0.72% | 0.65% | 5.94% |
| 2022 | -0.05% | -0.25% | -0.53% | -0.03% | 0.08% | -0.31% | -0.00% | 0.14% | -0.11% | -0.01% | 0.42% | 0.50% | -0.15% |
| 2021 | 0.20% | -0.04% | -0.01% | 0.07% | 0.10% | -0.05% | 0.05% | 0.05% | -0.10% | -0.15% | -0.06% | -0.03% | 0.03% |
| 2020 | 0.26% | 0.16% | -1.15% | 0.83% | 0.64% | 0.49% | 0.31% | 0.20% | -0.01% | 0.10% | 0.08% | 0.14% | 2.05% |
| 2019 | 0.41% | 0.31% | 0.25% | 0.25% | 0.23% | 0.24% | 0.32% | 0.12% | 0.18% | 0.19% | 0.18% | 0.21% | 2.91% |
| 2018 | 0.00% | 0.18% | 0.18% | 0.05% | 0.10% | 0.00% | 0.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 100, CUSDX is among the top 0% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Six Circles Ultra Short Duration Fund (CUSDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Six Circles Ultra Short Duration Fund provided a 4.65% dividend yield over the last twelve months, with an annual payout of $0.46 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.46 | $0.48 | $0.40 | $0.21 | $0.08 | $0.16 | $0.27 | $0.08 |
Dividend yield | 4.65% | 4.76% | 4.00% | 2.20% | 0.83% | 1.63% | 2.67% | 0.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Ultra Short Duration 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.15 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.48 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.01 | $0.40 |
| 2022 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.10 | $0.21 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.03 | $0.08 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.16 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2018 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.08 |
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 Ultra Short Duration 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 Ultra Short Duration Fund was 1.90%, occurring on Mar 23, 2020. Recovery took 46 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.9% | Mar 9, 2020 | 11 | Mar 23, 2020 | 46 | May 28, 2020 | 57 |
| -1.53% | Oct 4, 2021 | 195 | Jul 13, 2022 | 132 | Jan 20, 2023 | 327 |
| -0.31% | Mar 14, 2023 | 6 | Mar 21, 2023 | 3 | Mar 24, 2023 | 9 |
| -0.3% | Apr 4, 2025 | 4 | Apr 9, 2025 | 6 | Apr 17, 2025 | 10 |
| -0.1% | Oct 31, 2023 | 1 | Oct 31, 2023 | 1 | Nov 1, 2023 | 2 |
Volatility
Volatility Chart
The current Six Circles Ultra Short Duration Fund volatility is 0.31%, 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.