Six Circles Managed Equity Portfolio U.S. Unconstrained Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Six Circles Managed Equity Portfolio U.S. Unconstrained Fund held 617 positions with $33.98B in net assets. Its ten largest holdings made up 38.9% of the fund. The CMEUX share class costs 0.06% a year. Over the 12 months to May 2026, CMEUX returned 32.0%, with dividends reinvested. In 2026 Q2 it added 16 new positions and exited 27.
The Fund seeks to provide capital appreciation.
The fund's adviser allocates assets among U.S. equity indexes and individual large-cap securities, with BlackRock as sub-adviser executing day-to-day investment decisions to replicate the performance of selected indexes or individual securities. The fund is non-diversified and may concentrate holdings in fewer issuers. Because the fund samples indexes rather than holding all constituents, its performance may diverge from the indexes it tracks.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA CORP | 7.56% | $2.57B | 12.8M | $200.09 |
AAPLAPPLE INC | 6.64% | $2.26B | 7.8M | $289.36 |
MSFTMICROSOFT CORP | 5.20% | $1.77B | 4.7M | $373.02 |
AMZNAMAZON.COM INC | 4.42% | $1.50B | 6.3M | $238.34 |
AVGOBROADCOM INC | 3.27% | $1.11B | 2.9M | $377.75 |
GOOGLALPHABET INC-CL A | 3.26% | $1.11B | 3.1M | $357.37 |
2.62% | $890.47M | 2.5M | $353.33 | |
2.08% | $706.90M | 612.4K | $1,154.29 | |
1.98% | $671.56M | 1.2M | $563.29 | |
1.87% | $636.37M | 530.6K | $1,199.43 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 617 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.23% |
| Real assets | 1.25% |
| Derivatives | 0.39% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 40.7%
- Health Care
- 10.4%
- Communication Services
- 9.7%
- Consumer Discretionary
- 9.4%
- 9 other sectors
- 29.8%
- Information Technology
- 40.7%
- Health Care
- 10.4%
- Communication Services
- 9.7%
- Consumer Discretionary
- 9.4%
- Industrials
- 9.3%
- Financials
- 5.6%
- Consumer Staples
- 5.1%
- Energy
- 3.7%
- Utilities
- 2.9%
- Real Estate
- 1.3%
- Materials
- 1.1%
- Other
- 0.4%
- International
- 0.3%
How it has done
CMEUX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.83%. Past returns are a record, not a forecast.
Jun 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.
Fees & fund details
Six Circles Managed Equity Portfolio U.S. Unconstrained Fund is an actively managed U.S. equity fund. 22% of CMEUX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 99% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.06%· CMEUX 0.06%
- Portfolio turnover
- 24.86% a year · as of 2026 Q2
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
16 new· the largest 8
27 exited· the largest 8
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
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 2026Q2
Understand how this fund fits with the rest.
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