CRDOX Fees and Costs — Six Circles Credit Opportunities Fund
Data updated: 2026-08-27
The net expense ratio is 0.25%: a 0.75% management fee plus 0.04% other expenses, less a 0.54% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $18K in broker commissions, 0.0002% of average net assets, and portfolio turnover was 69%.
CRDOX Fees and Expenses
Annual operating expenses and sales charges of CRDOX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.04% |
| Gross expense ratio | 0.79% |
| Fee waiver | −0.54% |
| Net expense ratio | 0.25% |
| 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 |
CRDOX Costs Over Time
On $10,000 invested in CRDOX, assuming 5% a year before costs, total costs come to $159 over 5 years, cutting the return by 0.26% 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 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $4 | $14 |
| Total costs | $26 | $87 | $159 |
| Value after costs | $10,474 | $11,490 | $12,604 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
CRDOX 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): 0.0002%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $27.8B
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
CRDOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $18K | 99.99% |
| UBS Securities LLC | $2 | 0.01% |
CRDOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Wells Fargo Securities LLC | $7.3B | 31.02% |
| Goldman Sachs & Co, LLC | $3.0B | 12.88% |
| Citigroup Global Markets Inc. | $2.8B | 12.00% |
| MORGAN STANLEY & CO. LLC | $2.8B | 11.66% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $2.4B | 10.33% |
| BARCLAYS CAPITAL INC. | $2.4B | 10.26% |
| BNP Paribas Securities Corp. | $1.1B | 4.59% |
| DEUTSCHE BANK SECURITIES INC. | $680.5M | 2.88% |
| Jefferies LLC | $528.0M | 2.24% |
| ROYAL BANK OF CANADA | $506.2M | 2.14% |
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.