Morningstar

Six Circles Tax Aware Bond CBTAX

Morningstar Medalist Rating
Medalist Rating as of | See Six Circles Investment Hub
  • NAV / 1-Day Return 9.94  /  +0.10 %
  • Total Assets 10.9 Bil
  • Adj. Expense Ratio
    0.140%
  • Expense Ratio 0.140%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 3.08%
  • Effective Duration —

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:13 PM GMT+0

Morningstar’s Analysis CBTAX

Will CBTAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable CBTAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the CBTAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of CBTAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An incline in People Pillar rating is the primary driver of Six Circles Tax Aware Bond's upgrade to a Morningstar Medalist Rating of Bronze from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings CBTAX

More CBTAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 2.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash And Cash Equivalents

1.45 147.9 Mil
Cash and Equivalents

Asset Offset

1.28 130.8 Mil
—

TENDER OPT BD TR RCPTS / CTFS VAR STS 3.95%

0.38 38.8 Mil
municipal

NEW YORK N Y 5.25%

0.33 33.3 Mil
municipal

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4%

0.31 31.2 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.25%

0.28 28.2 Mil
municipal

NEW YORK ST URBAN DEV CORP REV 5%

0.27 27.8 Mil
municipal

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5.25%

0.26 26.1 Mil
municipal

TRIBOROUGH BRDG & TUNL AUTH N Y SALES TAX REV 5.25%

0.26 26.1 Mil
municipal

TEXAS PRIVATE ACTIVITY BD SURFACE TRANSN CORP REV 5%

0.25 25.0 Mil
municipal

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