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
| ISIN | US83002G1085 |
|---|---|
| Issuer | Six Circles |
| Inception Date | Jul 9, 2018 |
| Category | Ultrashort Bond |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
The Six Circles Ultra Short Duration Fund features an expense ratio of 0.18%, falling within the medium range.
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 had a return of 1.75% year-to-date (YTD) and 5.96% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.75% | 6.92% |
| 1 month | 0.30% | -2.83% |
| 6 months | 3.06% | 23.86% |
| 1 year | 5.96% | 23.33% |
| 5 years (annualized) | 2.00% | 11.66% |
| 10 years (annualized) | N/A | 10.52% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.61% | 0.30% | 0.53% | |||||||||
| 2023 | 0.40% | 0.42% | 0.72% | 0.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Six Circles Ultra Short Duration Fund(CUSDX)
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 granted a 4.03% dividend yield in the last twelve months. The annual payout for that period amounted to $0.40 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.39 | $0.17 | $0.08 | $0.16 | $0.13 |
Dividend yield | 4.03% | 3.99% | 1.79% | 0.84% | 1.63% | 1.30% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.04 | |||||||||
| 2023 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.01 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.10 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.03 |
| 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 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $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 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 Nov 3, 2022. Recovery took 80 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.9% | Oct 4, 2021 | 275 | Nov 3, 2022 | 80 | Mar 2, 2023 | 355 |
| -1.9% | Mar 9, 2020 | 11 | Mar 23, 2020 | 46 | May 28, 2020 | 57 |
| -0.5% | Sep 27, 2018 | 65 | Dec 31, 2018 | 52 | Mar 18, 2019 | 117 |
| -0.31% | Mar 14, 2023 | 6 | Mar 21, 2023 | 9 | Apr 3, 2023 | 15 |
| -0.3% | Apr 29, 2019 | 1 | Apr 29, 2019 | 63 | Jul 29, 2019 | 64 |
Volatility
Volatility Chart
The current Six Circles Ultra Short Duration Fund volatility is 0.17%, 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.