C000218340 Fees and Costs — Six Circles Tax Aware Bond Fund
Data updated: 2026-08-27
The net expense ratio is 0.13%: a 0.25% management fee plus 0.02% other expenses, less a 0.14% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 18%.
C000218340 Fees and Expenses
Annual operating expenses and sales charges of C000218340. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.02% |
| Gross expense ratio | 0.27% |
| Fee waiver | −0.14% |
| 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 |
C000218340 Costs Over Time
On $10,000 invested in C000218340, 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% |
C000218340 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): $7.9B
- Portfolio turnover (prospectus): 18%
- Securities lending: none during the year
C000218340 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2.0B | 30.43% |
| BARCLAYS CAPITAL INC. | $925.2M | 13.77% |
| ROYAL BANK OF CANADA | $812.0M | 12.08% |
| MORGAN STANLEY & CO. LLC | $764.3M | 11.37% |
| Goldman Sachs & Co, LLC | $595.2M | 8.86% |
| Wells Fargo Securities LLC | $551.3M | 8.20% |
| TD Securities (USA) LLC. | $290.0M | 4.31% |
| Jefferies LLC | $288.0M | 4.29% |
| BNY MELLON CAPITAL MARKETS, LLC | $239.8M | 3.57% |
| DEUTSCHE BANK SECURITIES INC. | $209.8M | 3.12% |
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.