Six Circles International Unconstrained Equity Fund

SIX CIRCLES TRUST · Series S000061647 · 1 share classes

Equity fund · 99% stocks· rate + credit risk filed
One fund, 1 share classes:CIUEX
$19.78B NAV
697 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q2

The Fund seeks to provide capital appreciation.

Strategy · summarised

The fund's adviser allocates assets among non-U.S. equity indexes and individual securities, with BlackRock as sub-adviser executing trades and seeking to replicate the performance of each assigned index or security selection. The fund is non-diversified and may concentrate holdings in fewer issuers. Because the sub-adviser may invest in a quantitatively selected portfolio rather than holding all index constituents, performance may diverge from the indexes to which assets are allocated.

Expenses
0.08%one share class
Share classGrossNet
CIUEX0.28%0.08%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 48.43% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.36%
of net assets
Stocks98.85%
Derivatives0.46%
Real assets0.05%

Derivatives are shown at market value, not notional exposure.

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 42 new54 exited

Largest new: ROCHE HOLDING AG /CHF, AIA GROUP LTD /HKD, F/C EURO STOXX 50 JUN26, SUNB, BAWAG GROUP AG /EUR, ITALGAS SPA /EUR, CSG NV /EUR, TELECOM ITALIA-RSP /EUR

Largest exited: ROCHE HOLDING AG-GENUSSC /CHF, F/C EURO STOXX 50 MAR26, F/C FTSE 100 IDX FUT MAR26, ASHTEAD GROUP PLC /GBP, MEDIATEK INC /TWD, RECKITT BENCKISER GROUP /GBP, F/C STOXX EUROPE 600 MAR26, ASE TECHNOLOGY HOLDING C /TWD

Return profile

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

1-year
3-year
5-year
Volatility
Worst 3-yr fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
Not disclosed

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
ASML HOLDING NV /EURASMLF3.43%$678.62M
HSBC HOLDINGS PLC /GBPHBCYF2.85%$564.12M
SIEMENS ENERGY AG /EURSMEGF2.79%$551.50M
DEUTSCHE TELEKOM AG-REG /EURDTEGF2.74%$542.06M
ROLLS-ROYCE HOLDINGS PLC /GBPRYCEF2.45%$483.84M
SAP SE /EURSAPGF2.34%$462.84M
TAIWAN SEMICONDUCTOR MAN /TWDTSMWF2.07%$409.12M
NOVARTIS AG-REG /CHFNVSEF1.99%$393.30M
NESTLE SA-REG /CHFNSRGF1.96%$388.21M
ROCHE HOLDING AG /CHFRHHVF1.91%$377.89M
Showing 10 of 697Sign in to see more

Top 10 positions are 24.52% of net assets, top 25 43.01%, across 670 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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