Fund Evaluator:
Six Circles Mgd Eq Port US Uncons (CMEUX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Six Circles Mgd Eq Port US Uncons Overview
Six Circles Mgd Eq Port US Uncons (CMEUX) is an actively managed U.S. Equity Large Blend fund. Six Circles launched the fund in 2019.
The investment seeks to provide capital appreciation. 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. It may also invest a portion of its assets in securities of real estate investment trusts ("REITs") that own and/or manage properties. The fund is non-diversified.
About Six Circles Mgd Eq Port US Uncons (CMEUX)
There are 7 members of the management team with an average tenure of 4.74 years: Miles Wixon (2019), David Cassese (2022), Jennifer Hsui (2019), Peter Sietsema (2022), Matt Waldron (2025), Steven White (2025), Richard Madigan (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI USA NR USD index with a weighting of 100%. Six Circles Mgd Eq Port US Uncons has 621 securities in its portfolio. The top 10 holdings constitute 38.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Six Circles Mgd Eq Port US Uncons is part of the Equity global asset class and is within the U.S. Equity fund group. Six Circles Mgd Eq Port US Uncons has 1.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.6%. There is 1.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Six Circles Mgd Eq Port US Uncons has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $35 billion in total assets, which is above the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CMEUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Six Circles Mgd Eq Port US Uncons expense ratio is low compared to funds in the Large Blend category. Six Circles Mgd Eq Port US Uncons has an expense ratio of 0.06%, which is 93% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Six Circles Mgd Eq Port US Uncons has a portfolio turnover rate of 61%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of August 2026, Six Circles Mgd Eq Port US Uncons returned 2.5%, which earned it a grade of C, as the Large Blend category had an average return of 2.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Six Circles Mgd Eq Port US Uncons has a trailing yield of 0.85%, which is above the 0.55% category average. The fund normally distributes its income annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Six Circles Mgd Eq Port US Uncons Grades
Year to date, the fund has returned 12.5%, 0.9 percentage points better than the category, which translates into a grade of C. The fund has returned 20.5% over the past year (grade of B), 21.0% over the past three years (grade of B) and 12.2% per year over the past five years (grade of B).
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CMEUX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CMEUX Return (NAV) | 2.5% | 0.9% | 20.5% | 21.0% | 12.2% | na |
| CMEUX Grade | C | F | B | B | B | na |
| +/- Category | 0.4% | -1.4% | 2.9% | 2.2% | 1.2% | na |
| Large Blend Avg | 2.1% | 2.3% | 17.6% | 18.8% | 11.0% | 13.9% |
| CMEUX Tax Cost Ratio | na | na | 0.4% | 0.4% | 0.6% | na |
CMEUX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CMEUX Return (NAV) | 12.5% | 18.4% | 24.9% | 29.1% | -20.3% | 26.7% | 29.1% | na | na | na | na |
| CMEUX Grade | C | B | B | A | F | C | A | na | na | na | na |
| +/- Category | 0.9% | 2.6% | 2.9% | 5.4% | -3.0% | 0.1% | 11.6% | na | na | na | na |
| Large Blend Avg | 11.6% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 13.4% |
| Total Risk Index: | 1.11 - Above Average |
| Category Risk Index: | 1.02 - Above Average |
| Category Risk Grade: | D (74% Rank) |
| Beta: | 1.03 |
| R-Squared: | 99% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.9% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | |
| Total Assets: | $35950 Mil |
| Fund Total Assets: | $35,950 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 61% |
Management Team
| Number of Managers: 7 | |||
| Longest Tenure: 7.4 years | |||
| Average Tenure: 4.7 years | |||
| Managers (Year): Hsui Jennifer (2019), Wixon Miles (2019), Madigan Richard (2019), Sietsema Peter (2022), Cassese David (2022), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 621 |
| % in Top 10 Holdings: | 38.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 1.6% |
Portfolio Allocation |
|
| Domestic Stock: | 98.6% |
| Foreign Stock: | 1.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | -0.3% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Six Circles |
| Phone Number: | 212-464-2070 |
| Website: |
| Status: | Open |
| Inception Date: | April 10, 2019 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.06% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Six Circles Mgd Eq Port US Uncons |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
