Six Circles Tax Aware Ult Shr Dur
CUTAX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 383 Madison Avenue New York NY United States of America 10172
- IPO Date
- Jul 9, 2018
- CIK
- 0001724826
- Website
- sixcirclesfunds.com
- Similar Companies
- Business
- Six Circles Tax Aware Ultra Short Duration Fund (CUTAX) is an open-end mutual fund that seeks to generate current income consistent with capital preservation. The fund, domiciled in the United States and launched on July 9, 2018, invests at least 50% of its total assets in municipal securities exempt from federal income tax; it may also invest in taxable instruments, including U.S. government securities, corporate bonds, asset-backed securities, and futures contracts, with an average effective portfolio duration not exceeding two years under normal market conditions. Its portfolio emphasizes ultrashort bond strategies, with key sectors comprising municipal tax-exempt (65.93%), government-related (40.16%), corporate bonds (12.87%), cash equivalents (9.58%), and asset-backed securities (8.44%); top holdings as of recent data include Future Contract on 3 Month SOFR Futures (29.64%), 5-Year Treasury Note Future (7.08%), and various municipal revenue bonds such as New York City Transitional Finance Authority Revenue (2.77%). Available exclusively to investors in investment advisory programs or trusts managed by JPMorgan Chase Bank, N.A., J.P. Morgan Private Investments Inc., or affiliates, the fund is distributed by Foreside Fund Services, LLC and operates with a net expense ratio of 0.15% and total net assets of approximately $973 million. Six Circles Trust, the registrant for CUTAX and other Six Circles Funds, maintains principal executive offices at 383 Madison Avenue, New York, NY, with registered agent services in Wilmington, Delaware. The fund targets high-net-worth individuals and institutional clients through J.P. Morgan's wealth management channels, focusing on U.S. taxable and tax-aware fixed income markets. In recent developments, J.P. Morgan Private Investments Inc., the fund's investment adviser, entered into an amendment to the Investment Sub-Advisory Agreement with Insight North America LLC on July 10, 2025, enhancing sub-advisory arrangements for certain Six Circles strategies. Portfolio management saw additions of Jeffrey Eshleman and Tasneem Nalwala effective April 30, 2024, to the existing team led by Jerome Schneider since inception. The Six Circles Trust filed Post-Effective Amendment No. 55 on January 15, 2025, relating to international strategies, signaling ongoing product evolution within the family. As of December 31, 2024, the fund reported assets of $788.78 million, a turnover ratio of 62.66%, effective duration of 0.82 years, and a subsidized SEC yield of 3.38%.