CUSUX: Six Circles U.S. Unconstrained Equity

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CUSUX Six Circles U.S. Unconstrained Equity


Profile

CUSUX - Profile

Vitals

  • YTD Return 5.0%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $11.3 B
  • Holdings in Top 10 38.6%

52 WEEK LOW AND HIGH

$11.68
$8.12
$11.75

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.29%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 15.24%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.05%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Six Circles U.S. Unconstrained Equity Fund
  • Fund Family Name
    JPMorgan
  • Inception Date
    Jul 09, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rachel Aguirre

Fund Description

Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings) in equity securities issued by U.S. companies and other instruments with economic characteristics similar to equity securities issued by U.S. companies. Equity securities include common stock, preferred stock and securities or other instruments whose price is linked to the value of common or preferred stock. The fund may also invest a portion of its assets in securities of real estate investment trusts ("REITs") that own and/or manage properties. It is non-diversified.


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Categories

Performance

CUSUX - Performance

Return Ranking - Trailing

Period CUSUX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -36.9% 1892.0% 2.63%
1 Yr 10.1% -73.2% 2003.4% 4.56%
3 Yr N/A* -33.7% 189.0% N/A
5 Yr N/A* -21.2% 94.7% N/A
10 Yr N/A* -6.3% 39.1% N/A

* Annualized

Return Ranking - Calendar

Period CUSUX Return Category Return Low Category Return High Rank in Category (%)
2019 22.9% -72.6% 39.5% 46.74%
2018 N/A -67.0% 10.0% N/A
2017 N/A -32.8% 33.2% N/A
2016 N/A -18.6% 19.7% N/A
2015 N/A -35.5% 7.8% N/A

Total Return Ranking - Trailing

Period CUSUX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -36.9% 1892.0% 2.63%
1 Yr 10.1% -73.2% 2003.4% 4.56%
3 Yr N/A* -33.7% 189.0% N/A
5 Yr N/A* -15.7% 94.7% N/A
10 Yr N/A* -4.2% 39.1% N/A

* Annualized

Total Return Ranking - Calendar

Period CUSUX Return Category Return Low Category Return High Rank in Category (%)
2019 22.9% -72.6% 39.5% 46.74%
2018 N/A -67.0% 10.0% N/A
2017 N/A -22.1% 33.2% N/A
2016 N/A -16.4% 26.8% N/A
2015 N/A -26.4% 106.5% N/A

NAV & Total Return History


Holdings

CUSUX - Holdings

Concentration Analysis

CUSUX Category Low Category High CUSUX % Rank
Net Assets 11.3 B 1.14 K 872 B 7.57%
Number of Holdings 809 1 3498 5.25%
Net Assets in Top 10 3.7 B -27.1 M 186 B 6.91%
Weighting of Top 10 38.59% 3.2% 100.0% 21.40%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High CUSUX % Rank
Stocks
100.12% 81.36% 167.47% 6.74%
Preferred Stocks
0.00% 0.00% 14.17% 25.73%
Other
0.00% -7.25% 89.69% 26.14%
Convertible Bonds
0.00% 0.00% 13.48% 22.90%
Bonds
0.00% 0.00% 78.72% 31.11%
Cash
-0.13% -141.62% 13.02% 91.59%

Stock Sector Breakdown

Weighting Return Low Return High CUSUX % Rank
Healthcare
21.65% 0.00% 31.87% 3.04%
Technology
20.82% 0.00% 41.55% 65.88%
Communication Services
13.51% 0.00% 29.84% 8.19%
Financial Services
10.81% 0.00% 47.71% 89.36%
Consumer Defense
10.68% 0.00% 35.63% 12.92%
Consumer Cyclical
9.56% 0.00% 45.17% 71.03%
Industrials
6.43% 0.00% 27.72% 89.19%
Utilities
2.65% 0.00% 18.14% 58.36%
Energy
2.09% -1.47% 14.48% 69.09%
Basic Materials
1.26% -0.14% 11.81% 80.15%
Real Estate
0.54% 0.00% 54.83% 83.36%

Stock Geographic Breakdown

Weighting Return Low Return High CUSUX % Rank
US
98.90% 80.18% 157.79% 16.32%
Non US
1.22% -4.87% 18.41% 58.20%

Expenses

CUSUX - Expenses

Operational Fees

CUSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.29% 0.01% 49.73% 90.22%
Management Fee 0.25% 0.00% 2.00% 19.05%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.01% 0.00% 0.95% 0.78%

Sales Fees

CUSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

CUSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

CUSUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.24% 0.00% 438.00% 27.42%

Distributions

CUSUX - Distributions

Dividend Yield Analysis

CUSUX Category Low Category High CUSUX % Rank
Dividend Yield 1.59% 0.00% 16.25% 1.91%

Dividend Distribution Analysis

CUSUX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

CUSUX Category Low Category High CUSUX % Rank
Net Income Ratio 2.05% -3.93% 3.34% 5.25%

Capital Gain Distribution Analysis

CUSUX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

CUSUX - Fund Manager Analysis

Managers

Rachel Aguirre


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Rachel Aguirre is a Managing Director of BlackRock, Inc. since 2018. Ms. Aguirre was previously a Director of BlackRock, Inc. from 2012 to 2017, Vice President of BlackRock, Inc. from 2009 to 2011 and Principal and Portfolio Manager of Barclays Global Investors from 2005 to 2009.

Jeffrey Gaffney


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Mr. Gaffney is an Executive Director and the Head of Multi-Asset Portfolio Management–Americas for J.P. Morgan Private Bank, based in New York. He is responsible for constructing efficient multi-asset class portfolios for clients across the spectrum of investment objectives, risk tolerances, and liquidity constraints. Mr. Gaffney has been with J.P. Morgan since 2009, and has been a member of the Private Bank CIO Team since 2011. He chairs the WM U.S. Investment Committee and is a member of the Global Investment Committee. In addition, Mr. Gaffney serves as a portfolio manager for several J.P. Morgan asset allocation strategies. Mr. Gaffney holds a Bachelor of Science in Engineering degree from Princeton University in Operations Research and Financial Engineering. He also holds a Masters of Business Administration from Yale University with an emphasis in Finance.

Richard Madigan


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Madigan is a portfolio manager with Offitbank, his employer since 1998. Previously, he was vice president and principal of the emerging markets fixed income institutional sales group at JP Morgan Securities from 1996 to 1998. Prior to that, from 1994 to 1996, he was vice president and principal of the cross border finance group at Citicorp Securities. From 1990 to 1994, he was a corporate banker with Citibank. Mr. Madigan is the Chief Investment Officer for J.P. Morgan’s Private Bank, based in New York. In his role, he and his team (the “Private Bank CIO Team”) are responsible for the development of investment strategy, tactical and strategic asset allocation for $1 trillion in private bank and institutional client assets. Mr. Madigan is chair of the Private Bank’s Global Investment Committee. Previously, Mr. Madigan was the Chief Investment Officer for J.P. Morgan’s Global Access Portfolios, where he and his team managed in excess of $16 billion in client assets across 35 countries. Prior to his roles at J.P. Morgan, Mr. Madigan held the title of Managing Director, Head of Emerging Markets Investments and Senior Portfolio Manager at Offitbank, a New York-based wealth management boutique, where he managed peak assets in excess of $1 billion in both domestic and offshore portfolios, including the firm’s flagship emerging markets mutual fund. He was also a senior member of the firm’s investment committee. Before joining Offitbank, Mr. Madigan worked for J.P. Morgan’s Investment Banking division in New York in the emerging markets securities business. He previously spent six years with Citicorp first as a banker in Mexico, and then in the firm’s international corporate finance division in New York.

Miles Wixon


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Mr. Wixon is a Managing Director and the Head of Equity for the J.P. Morgan Private Bank CIO Team, based in New York. He also is a member of the Global Investment Committee. Mr. Wixon is responsible for coordinating the Private Bank CIO Team’s research and strategy efforts across global equity markets. Mr. Wixon joined J.P. Morgan in 2016 with 20 years of capital markets experience and brings substantial expertise in bottom-up, fundamental equity research and portfolio management. Previously, Mr. Wixon was a Portfolio Manager at McKinley Capital Management where he managed international equity strategies. Prior to joining McKinley, Mr. Wixon was a Senior Vice President and Portfolio Manager for Oppenheimer’s Global Equity Strategy where he co-managed a team of international sector analysts dedicated to a bottom-up, fundament investment process. He was also a Managing Director at Rockefeller & Company where co-managed global, international and U.S. equity strategies. Mr. Wixon began his career as a Japanese Financial sector analyst at Nikko Salomon Smith Barney in Tokyo.

Jennifer Hsui


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Jennifer Hsui has been employed by BlackRock Fund Advisors as a senior portfolio manager since 2007. Prior to that, Ms. Hsui was a portfolio manager from 2006 to 2007 for BGFA. She was a research analyst for RBC Capital Markets from 2003 to 2006.

Alan Mason


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Alan Mason is a Managing Director of BlackRock Advisors, LLC since 2009. Previously, Mr. Mason was a Managing Director of Barclays Global Investors from 2008 to 2009 and a Principal from 1996 to 2008.

Amy Whitelaw


Start Date

Tenure

Tenure Rank

Jul 09, 2018

1.98

2.0%

Amy Whitelaw is Managing Director of BlackRock, Inc. since 2013 and was Director of the firm from 2009 to 2012. Ms. Whitelaw's service with the firm dates back to 1998, including her years with Barclays Global Investors (BGI), which merged with BlackRock in 2009. Ms. Whitelaw served as Principal of BGI from 2000 to 2009. Previously Ms. Whitelaw worked in the Transition Services group as a transition manager and strategist, and was also an international equity trader on BGI’s trading desk.

Suzanne Henige


Start Date

Tenure

Tenure Rank

Dec 31, 2019

0.5

0.5%

Mrs. Henige is a Director and member of BlackRock’s Index Equity Portfolio Management team. Her service with the firm dates back to 2009.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 33.98 6.23 0.5