Six Circles Tax Aware Ultra Short Duration Fund (CUTAX)
The investment seeks to generate current income consistent with capital preservation. Under normal circumstances, the fund invests at least 50% of its total assets in municipal securities, the income from which is exempt from federal income tax. It also may invest in taxable instruments. While the fund may invest in securities with various maturities, under normal market conditions, it will seek to maintain an average effective portfolio duration of one year or less.
Fund Info
US83002G2075
Jul 8, 2018
$0
Expense Ratio
CUTAX has an expense ratio of 0.15%, which is considered low.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) returned 1.20% year-to-date (YTD) and 3.75% over the past 12 months.
CUTAX
1.20%
0.50%
1.61%
3.75%
1.95%
N/A
^GSPC (Benchmark)
0.08%
9.75%
-1.63%
12.74%
15.66%
10.77%
Monthly Returns
The table below presents the monthly returns of CUTAX, 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 | 0.36% | 0.35% | 0.19% | 0.19% | 0.10% | 1.20% | |||||||
| 2024 | 0.28% | 0.19% | 0.31% | 0.11% | 0.40% | 0.41% | 0.50% | 0.58% | 0.31% | 0.00% | 0.39% | 0.21% | 3.74% |
| 2023 | 0.38% | -0.10% | 0.65% | 0.03% | 0.14% | 0.36% | 0.25% | 0.29% | 0.08% | 0.35% | 0.81% | 0.54% | 3.84% |
| 2022 | -0.27% | -0.17% | -0.45% | -0.06% | 0.26% | -0.15% | 0.00% | -0.19% | -0.28% | 0.17% | 0.35% | 0.35% | -0.44% |
| 2021 | 0.06% | 0.05% | -0.02% | 0.05% | 0.00% | -0.05% | 0.05% | 0.04% | -0.06% | -0.06% | -0.07% | 0.04% | 0.03% |
| 2020 | 0.31% | 0.11% | -0.60% | 0.27% | 0.69% | 0.36% | 0.19% | 0.18% | -0.02% | 0.07% | 0.07% | 0.18% | 1.80% |
| 2019 | 0.24% | 0.14% | 0.18% | 0.29% | 0.08% | 0.19% | 0.25% | 0.05% | 0.13% | 0.13% | 0.13% | 0.13% | 1.95% |
| 2018 | 0.00% | 0.13% | 0.13% | 0.05% | 0.05% | 0.05% | 0.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, CUTAX is among the top 1% 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 Tax Aware Ultra Short Duration Fund (CUTAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Loading data...
Dividends
Dividend History
Six Circles Tax Aware Ultra Short Duration Fund provided a 3.39% dividend yield over the last twelve months, with an annual payout of $0.34 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.34 | $0.34 | $0.28 | $0.15 | $0.05 | $0.14 | $0.19 | $0.06 |
Dividend yield | 3.39% | 3.48% | 2.86% | 1.48% | 0.53% | 1.38% | 1.94% | 0.61% |
Monthly Dividends
The table displays the monthly dividend distributions for Six Circles Tax Aware 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 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.11 | |||||||
| 2024 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.34 |
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.01 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.02 | $0.01 | $0.06 | $0.15 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.03 | $0.14 |
| 2019 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.02 | $0.19 |
| 2018 | $0.01 | $0.01 | $0.00 | $0.01 | $0.02 | $0.06 |
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.
Loading data...
Worst Drawdowns
The table below displays the maximum drawdowns of the Six Circles Tax Aware 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 Tax Aware Ultra Short Duration Fund was 1.51%, occurring on Sep 29, 2022. Recovery took 112 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.51% | May 27, 2021 | 339 | Sep 29, 2022 | 112 | Mar 13, 2023 | 451 |
| -1.4% | Mar 10, 2020 | 9 | Mar 20, 2020 | 41 | May 19, 2020 | 50 |
| -0.4% | Apr 7, 2025 | 3 | Apr 9, 2025 | 11 | Apr 25, 2025 | 14 |
| -0.2% | May 17, 2023 | 5 | May 23, 2023 | 8 | Jun 5, 2023 | 13 |
| -0.2% | Dec 12, 2024 | 6 | Dec 19, 2024 | 5 | Dec 27, 2024 | 11 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...