C000218339 Fees and Costs — Six Circles Global Bond Fund
Data updated: 2026-08-27
The net expense ratio is 0.13%: a 0.25% management fee plus 0.08% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 159%.
C000218339 Fees and Expenses
Annual operating expenses and sales charges of C000218339. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.33% |
| Fee waiver | −0.20% |
| Net expense ratio | 0.13% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000218339 Costs Over Time
On $10,000 invested in C000218339, assuming 5% a year before costs, total costs come to $83 over 5 years, cutting the return by 0.14% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.13%) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $2 | $8 |
| Total costs | $14 | $45 | $83 |
| Value after costs | $10,486 | $11,531 | $12,680 |
| Impact on return, per year | 0.14% | 0.14% | 0.14% |
C000218339 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $58.0B
- Portfolio turnover (prospectus): 159%
- Securities lending: none during the year
C000218339 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $11.5B | 22.55% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $9.8B | 19.30% |
| BARCLAYS CAPITAL INC. | $8.6B | 16.93% |
| Citigroup Global Markets Inc. | $5.9B | 11.48% |
| Goldman Sachs & Co, LLC | $5.5B | 10.75% |
| BNP Paribas Securities Corp. | $4.7B | 9.13% |
| Wells Fargo Securities LLC | $2.0B | 3.98% |
| HSBC SECURITIES (USA) INC. | $1.2B | 2.36% |
| DEUTSCHE BANK SECURITIES INC. | $929.1M | 1.82% |
| BMO Capital Markets Corp. | $864.7M | 1.69% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.