Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — 18.1% |
|
|
|
|
|
|
|
|
| American Express Credit Account Master Trust, Series 2022-2, Class A, 3.39%, 05/15/2027 |
|
|
1,200 |
|
|
|
1,191 |
|
| Americredit Automobile Receivables Trust, Series 2023-1, Class A2B, (United States 30 Day Average SOFR + 0.73%), 6.07%, 10/19/2026 (aa) |
|
|
358 |
|
|
|
358 |
|
| Asimi Funding plc, (United Kingdom), Series 2024-1, Class A, Reg. S, (SONIA Interest Rate Benchmark + 1.00%), 5.96%, 09/16/2031 (aa) |
|
GBP |
308 |
|
|
|
413 |
|
| Auto ABS Spanish Loans FT, (Spain), Series 2024-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.85%), Zero Coupon, 09/28/2038 (aa) |
|
EUR |
800 |
|
|
|
892 |
|
| AutoFlorence Srl, (Italy), |
|
|
|
|
|
|
|
|
| Series 2, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.70%), 4.07%, 12/24/2044 (aa) |
|
EUR |
298 |
|
|
|
332 |
|
| Series 2, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 0.75%), 4.12%, 12/24/2044 (aa) |
|
EUR |
62 |
|
|
|
68 |
|
| Series 3, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.95%), 4.30%, 12/25/2046 (aa) |
|
EUR |
900 |
|
|
|
1,006 |
|
| Series 3, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 2.35%), 5.70%, 12/25/2046 (aa) |
|
EUR |
90 |
|
|
|
102 |
|
| Autonoria Spain 2022 FT, (Spain), |
|
|
|
|
|
|
|
|
| Series 2022-SP, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.84%), 4.19%, 01/25/2040 (aa) |
|
EUR |
496 |
|
|
|
554 |
|
| Series 2022-SP, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 2.00%), 5.35%, 01/26/2040 (aa) |
|
EUR |
62 |
|
|
|
70 |
|
| Autonoria Spain 2023 FT, (Spain), |
|
|
|
|
|
|
|
|
| Series 2023-SP, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.70%), 4.05%, 09/30/2041 (aa) |
|
EUR |
612 |
|
|
|
682 |
|
| Series 2023-SP, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.15%), 4.50%, 09/30/2041 (aa) |
|
EUR |
87 |
|
|
|
98 |
|
| Avis Budget Rental Car Funding AESOP LLC, Series 2024-1A, Class A, 5.36%, 06/20/2030 (e) |
|
|
1,500 |
|
|
|
1,541 |
|
| BA Credit Card Trust, Series 2022-A2, Class A2, 5.00%, 04/15/2028 |
|
|
1,485 |
|
|
|
1,496 |
|
| Bank of America Auto Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1A, Class A2, 5.83%, 05/15/2026 (e) |
|
|
350 |
|
|
|
350 |
|
| Series 2023-2A, Class A2, 5.85%, 08/17/2026 (e) |
|
|
1,106 |
|
|
|
1,110 |
|
| Barings CLO Ltd. 2019-III, (Cayman Islands), Series 2019-3A, Class A1R, (CME Term SOFR 3 Month + 1.33%), 6.61%, 04/20/2031 (e) (aa) |
|
|
246 |
|
|
|
246 |
|
| Battalion CLO 18 Ltd., (Cayman Islands), Series 2020-18A, Class AR, (CME Term SOFR 3 Month + 1.46%), 6.76%, 10/15/2036 (e) (aa) |
|
|
1,000 |
|
|
|
1,001 |
|
| Bavarian Sky 5 plc, (United Kingdom), Series UK5, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.62%), 5.58%, 04/20/2031 (aa) |
|
GBP |
857 |
|
|
|
1,146 |
|
| Bavarian Sky SA, (Luxembourg), Series GE13, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.43%), 3.83%, 03/20/2032 (aa) |
|
EUR |
500 |
|
|
|
556 |
|
| Benefit Street Partners CLO Ltd., (Cayman Islands), Series 2015-6BR, Class A, (CME Term SOFR 3 Month + 1.45%), 6.73%, 07/20/2034 (e) (aa) |
|
|
1,000 |
|
|
|
1,001 |
|
| Benefit Street Partners CLO VIII Ltd., (Cayman Islands), Series 2015-8A, Class A1AR, (CME Term SOFR 3 Month + 1.36%), 6.64%, 01/20/2031 (e) (aa) |
|
|
511 |
|
|
|
512 |
|
| BMW Canada Auto Trust, (Canada), |
|
|
|
|
|
|
|
|
| Series 2023-1A, Class A1, 5.43%, 01/20/2026 (e) |
|
CAD |
128 |
|
|
|
96 |
|
| Series 2024-1A, Class A1, 5.03%, 04/20/2026 (e) |
|
CAD |
451 |
|
|
|
337 |
|
| BMW Vehicle Owner Trust, Series 2023-A, Class A2B, (United States 30 Day Average SOFR + 0.43%), 5.71%, 04/27/2026 (aa) |
|
|
1,276 |
|
|
|
1,276 |
|
| Brignole Co., (Italy), Series 2024, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.78%), 4.15%, 02/24/2042 (aa) |
|
EUR |
550 |
|
|
|
613 |
|
| Bumper DE SA, (Luxembourg), Series 2023-DE1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.58%), 3.98%, 08/23/2032 (aa) |
|
EUR |
445 |
|
|
|
495 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Capital One Multi-Asset Execution Trust, |
|
|
|
|
|
|
|
|
| Series 2021-A3, Class A3, 1.04%, 11/15/2026 |
|
|
1,300 |
|
|
|
1,294 |
|
| Series 2022-A1, Class A1, 2.80%, 03/15/2027 |
|
|
1,700 |
|
|
|
1,685 |
|
| Series 2022-A2, Class A, 3.49%, 05/15/2027 |
|
|
500 |
|
|
|
497 |
|
| Cardiff Auto Receivables Securitisation plc, (United Kingdom), Series 2024-1, Class B, Reg. S, (SONIA Interest Rate Benchmark + 1.40%), 6.36%, 08/20/2031 (aa) |
|
GBP |
264 |
|
|
|
354 |
|
| CARDS II Trust, (Canada), Series 2023-2A, Class A, (United States SOFR + 0.85%), 5.87%, 07/15/2028 (e) (aa) |
|
|
1,100 |
|
|
|
1,102 |
|
| CarMax Auto Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2021-2, Class A3, 0.52%, 02/17/2026 |
|
|
68 |
|
|
|
67 |
|
| Series 2023-3, Class A2A, 5.72%, 11/16/2026 |
|
|
505 |
|
|
|
507 |
|
| Series 2023-4, Class A2A, 6.08%, 12/15/2026 |
|
|
821 |
|
|
|
826 |
|
| Series 2024-1, Class A2A, 5.30%, 03/15/2027 |
|
|
1,672 |
|
|
|
1,676 |
|
| Series 2024-1, Class A3, 4.92%, 10/16/2028 |
|
|
474 |
|
|
|
479 |
|
| Series 2024-2, Class A2A, 5.65%, 05/17/2027 |
|
|
900 |
|
|
|
906 |
|
| Cars Alliance Auto Leases France, (France), |
|
|
|
|
|
|
|
|
| Series 2023-1FRV, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.65%), 4.05%, 10/21/2038 (aa) |
|
EUR |
900 |
|
|
|
1,003 |
|
| Series 2023-1FRV, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.30%), 4.70%, 10/21/2038 (aa) |
|
EUR |
400 |
|
|
|
449 |
|
| Carvana Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-P4, Class A2, 6.23%, 01/11/2027 (e) |
|
|
248 |
|
|
|
248 |
|
| Series 2023-P5, Class A2, 5.77%, 04/12/2027 (e) |
|
|
617 |
|
|
|
619 |
|
| Series 2024-P3, Class A2, 4.61%, 11/10/2027 |
|
|
1,000 |
|
|
|
1,001 |
|
| Citibank Credit Card Issuance Trust, |
|
|
|
|
|
|
|
|
| Series 2018-A5, Class A5, (CME Term SOFR 1 Month + 0.72%), 5.84%, 08/07/2027 (aa) |
|
|
900 |
|
|
|
903 |
|
| Series 2023-A1, Class A1, 5.23%, 12/08/2027 |
|
|
1,600 |
|
|
|
1,617 |
|
| Citizen Irish Auto Receivables Trust, (Ireland), |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.77%), 4.28%, 12/15/2032 (aa) |
|
EUR |
413 |
|
|
|
460 |
|
| Series 2023-1, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.40%), 4.91%, 12/15/2032 (aa) |
|
EUR |
121 |
|
|
|
136 |
|
| Citizens Auto Receivables Trust, Series 2023-1, Class A3, 5.84%, 01/18/2028 (e) |
|
|
1,900 |
|
|
|
1,928 |
|
| CNH Equipment Trust, |
|
|
|
|
|
|
|
|
| Series 2023-B, Class A2, 5.90%, 02/16/2027 |
|
|
300 |
|
|
|
301 |
|
| Series 2024-A, Class A3, 4.77%, 06/15/2029 |
|
|
479 |
|
|
|
486 |
|
| Compartment BL Consumer Credit, (Luxembourg), |
|
|
|
|
|
|
|
|
| Series 2024-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.63%), 3.98%, 09/25/2041 (aa) |
|
EUR |
642 |
|
|
|
716 |
|
| Series 2024-1, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 0.90%), 4.25%, 09/25/2041 (aa) |
|
EUR |
292 |
|
|
|
325 |
|
| Daimler Trucks Retail Trust, Series 2023-1, Class A2, 6.03%, 09/15/2025 |
|
|
188 |
|
|
|
188 |
|
| Dell Equipment Finance Trust, Series 2023-2, Class A2, 5.84%, 01/22/2029 (e) |
|
|
208 |
|
|
|
209 |
|
| Dryden 49 Senior Loan Fund, (Cayman Islands), Series 2017-49A, Class AR, (CME Term SOFR 3 Month + 1.21%), 6.49%, 07/18/2030 (e) (aa) |
|
|
1,177 |
|
|
|
1,178 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| E-Carat DE, (Luxembourg), Series 2024-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.45%), 4.06%, 11/25/2035 (aa) |
|
EUR |
800 |
|
|
|
890 |
|
| ELFI Graduate Loan Program LLC, Series 2021-A, Class A, 1.53%, 12/26/2046 (e) |
|
|
625 |
|
|
|
556 |
|
| Enterprise Fleet Financing LLC, Series 2023-1, Class A2, 5.51%, 01/22/2029 (e) |
|
|
518 |
|
|
|
521 |
|
| FCT Autonoria, (France), |
|
|
|
|
|
|
|
|
| Series 2023-DE, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.47%), 3.82%, 01/26/2043 (aa) |
|
EUR |
773 |
|
|
|
860 |
|
| Series 2023-DE, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.15%), 4.50%, 01/26/2043 (aa) |
|
EUR |
193 |
|
|
|
216 |
|
| Ford Credit Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2023-B, Class A2B, (United States 30 Day Average SOFR + 0.59%), 5.93%, 02/15/2026 (aa) |
|
|
504 |
|
|
|
504 |
|
| Series 2024-B, Class A2B, (United States 30 Day Average SOFR + 0.40%), 5.74%, 02/15/2027 (aa) |
|
|
1,000 |
|
|
|
999 |
|
| Ford Credit Auto Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2022-D, Class A3, 5.27%, 05/17/2027 |
|
|
94 |
|
|
|
94 |
|
| Series 2023-A, Class A2B, (United States 30 Day Average SOFR + 0.72%), 6.06%, 03/15/2026 (aa) |
|
|
389 |
|
|
|
389 |
|
| Series 2024-1, Class A, SUB, 4.87%, 08/15/2036 (e) |
|
|
789 |
|
|
|
805 |
|
| Series 2024-B, Class A2A, 5.40%, 04/15/2027 |
|
|
1,500 |
|
|
|
1,512 |
|
| Series 2024-C, Class A2A, 4.32%, 08/15/2027 |
|
|
1,500 |
|
|
|
1,500 |
|
| Series 2024-C, Class A3, 4.07%, 07/15/2029 |
|
|
829 |
|
|
|
829 |
|
| Ford Credit Floorplan Master Owner Trust A, Series 2023-1, Class A2, (United States 30 Day Average SOFR + 1.25%), 6.59%, 05/15/2028 (e) (aa) |
|
|
1,290 |
|
|
|
1,303 |
|
| GAMMA Sociedade de Titularizacao de Creditos, (Portugal), Series 2, Class A, Reg. S, (ICE LIBOR EUR 3 Month + 0.90%), 0.00%, 02/26/2034 (aa) |
|
EUR |
400 |
|
|
|
446 |
|
| GM Financial Automobile Leasing Trust, |
|
|
|
|
|
|
|
|
| Series 2023-2, Class A2A, 5.44%, 10/20/2025 |
|
|
162 |
|
|
|
162 |
|
| Series 2024-3, Class A2A, 4.29%, 01/20/2027 (w) |
|
|
1,900 |
|
|
|
1,899 |
|
| GM Financial Consumer Automobile Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-2, Class A2A, 5.10%, 05/18/2026 |
|
|
222 |
|
|
|
222 |
|
| Series 2023-2, Class A2B, (United States 30 Day Average SOFR + 0.75%), 6.09%, 05/18/2026 (aa) |
|
|
247 |
|
|
|
247 |
|
| Series 2023-2, Class A3, 4.47%, 02/16/2028 |
|
|
429 |
|
|
|
430 |
|
| Series 2023-3, Class A2B, (United States 30 Day Average SOFR + 0.47%), 5.81%, 09/16/2026 (aa) |
|
|
1,288 |
|
|
|
1,288 |
|
| Series 2023-4, Class A2A, 5.89%, 11/16/2026 |
|
|
557 |
|
|
|
560 |
|
| Series 2024-1, Class A3, 4.85%, 12/18/2028 |
|
|
940 |
|
|
|
952 |
|
| GMF Canada Leasing Trust, (Canada), Series 2024-1A, Class A1, 4.98%, 02/20/2026 (e) |
|
CAD |
610 |
|
|
|
452 |
|
| Golden Bar Securitisation Srl, (Italy), Series 2023-2, Class B, Reg. S, (ICE LIBOR EUR 3 Month + 2.90%), 6.36%, 09/22/2043 (aa) |
|
EUR |
328 |
|
|
|
373 |
|
| Harley-Davidson Motorcycle Trust, |
|
|
|
|
|
|
|
|
| Series 2024-A, Class A2, 5.65%, 02/16/2027 |
|
|
1,000 |
|
|
|
1,004 |
|
| Series 2024-B, Class A2, 4.62%, 08/16/2027 |
|
|
1,500 |
|
|
|
1,500 |
|
| Hertz Vehicle Financing III LLC, Series 2023-1A, Class A, 5.49%, 06/25/2027 (e) |
|
|
1,700 |
|
|
|
1,718 |
|
| Hill FL 2024-1BV, (Netherlands), Series 2024-1FL, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.10%), 4.51%, 02/18/2032 (aa) |
|
EUR |
200 |
|
|
|
223 |
|
| Hill FL 2024-2 BV, (Netherlands), Series 2024-2FL, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.72%), Zero Coupon, 10/18/2032 (w) (aa) (cc) |
|
EUR |
600 |
|
|
|
668 |
|
| Honda Auto Receivables Owner Trust, Series 2024-1, Class A2, 5.36%, 09/15/2026 |
|
|
2,045 |
|
|
|
2,051 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Hyundai Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-A, Class A2A, 5.19%, 12/15/2025 |
|
|
115 |
|
|
|
115 |
|
| Series 2023-A, Class A3, 4.58%, 04/15/2027 |
|
|
500 |
|
|
|
500 |
|
| Series 2023-B, Class A2B, (United States 30 Day Average SOFR + 0.48%), 5.82%, 05/15/2026 (aa) |
|
|
886 |
|
|
|
887 |
|
| Series 2024-A, Class A3, 4.99%, 02/15/2029 |
|
|
3,197 |
|
|
|
3,249 |
|
| Koromo Italy Srl, (Italy), Series 1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.80%), 4.16%, 02/26/2035 (aa) |
|
EUR |
293 |
|
|
|
326 |
|
| LT Autorahoitus IV DAC, (Ireland), Series 4, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.69%), 4.10%, 07/18/2033 (aa) |
|
EUR |
356 |
|
|
|
398 |
|
| LT Autorahoitus V DAC, (Ireland), Series 5, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 0.90%), 4.31%, 05/18/2035 (aa) |
|
EUR |
400 |
|
|
|
442 |
|
| M&T Equipment Notes, Series 2023-1A, Class A2, 6.09%, 07/15/2030 (e) |
|
|
368 |
|
|
|
369 |
|
| Madison Park Funding XXXIII Ltd., (Cayman Islands), Series 2019-33A, Class AR, (CME Term SOFR 3 Month + 1.29%), 6.59%, 10/15/2032 (e) (aa) |
|
|
250 |
|
|
|
250 |
|
| Master Credit Card Trust II, (Canada), Series 2023-1A, Class A, 4.70%, 06/21/2027 (e) |
|
|
600 |
|
|
|
602 |
|
| MBarc Credit Canada, Inc., (Canada), Series 2024-AA, Class A2, 5.30%, 10/15/2026 (e) |
|
CAD |
500 |
|
|
|
372 |
|
| Mercedes-Benz Auto Lease Trust, Series 2024-B, Class A2A, 4.57%, 12/15/2026 |
|
|
1,000 |
|
|
|
1,000 |
|
| Mercedes-Benz Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A3, 4.51%, 11/15/2027 |
|
|
986 |
|
|
|
986 |
|
| Series 2023-2, Class A2, 5.92%, 11/16/2026 |
|
|
743 |
|
|
|
746 |
|
| Navient Private Education Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2018-BX, Class A2B, Reg. S, (CME Term SOFR 1 Month + 0.83%), 5.93%, 12/15/2059 (aa) |
|
|
237 |
|
|
|
237 |
|
| Series 2020-A, Class A2B, (CME Term SOFR 1 Month + 1.01%), 6.11%, 11/15/2068 (e) (aa) |
|
|
1,198 |
|
|
|
1,193 |
|
| Navient Private Education Refi Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2019-D, Class A2B, (CME Term SOFR 1 Month + 1.16%), 6.26%, 12/15/2059 (e) (aa) |
|
|
229 |
|
|
|
229 |
|
| Series 2019-GA, Class A, 2.40%, 10/15/2068 (e) |
|
|
110 |
|
|
|
106 |
|
| Series 2021-DA, Class A, (Prime Rate-1.99%), 6.51%, 04/15/2060 (e) (aa) |
|
|
283 |
|
|
|
280 |
|
| Navient Student Loan Trust, Series 2019-BA, Class A2B, (CME Term SOFR 1 Month + 1.09%), 6.19%, 12/15/2059 (e) (aa) |
|
|
152 |
|
|
|
151 |
|
| Nelnet Student Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2019-2A, Class A, (United States 30 Day Average SOFR + 1.01%), 6.29%, 06/27/2067 (e) (aa) |
|
|
509 |
|
|
|
509 |
|
| Series 2021-CA, Class AFL, (CME Term SOFR 1 Month + 0.85%), 5.82%, 04/20/2062 (e) (aa) |
|
|
689 |
|
|
|
684 |
|
| NewDay Funding, (United Kingdom), Series 2024-1X, Class A, Reg. S, (SONIA Interest Rate Benchmark + 1.18%), 6.14%, 03/15/2032 (aa) |
|
GBP |
534 |
|
|
|
718 |
|
| Nissan Auto Lease Trust, Series 2024-B, Class A3, 4.92%, 11/15/2027 |
|
|
500 |
|
|
|
509 |
|
| OneMain Direct Auto Receivables Trust, Series 2022-1A, Class A2, (United States 30 Day Average SOFR + 1.60%), 6.94%, 03/14/2029 (e) (aa) |
|
|
658 |
|
|
|
661 |
|
| OneMain Financial Issuance Trust, Series 2023-2A, Class A2, (United States 30 Day Average SOFR + 1.50%), 6.84%, 09/15/2036 (e) (aa) |
|
|
1,652 |
|
|
|
1,677 |
|
| Oscar US Funding XVII LLC, Series 2024-2A, Class A2, 4.63%, 12/10/2027 (e) |
|
|
1,000 |
|
|
|
1,000 |
|
| Palmer Square CLO 2013-2 Ltd., (Cayman Islands), Series 2013-2A, Class A1A3, (CME Term SOFR 3 Month + 1.26%), 6.55%, 10/17/2031 (e) (aa) |
|
|
136 |
|
|
|
136 |
|
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-WCW2, Class M2, (CME Term SOFR 1 Month + 0.91%), 5.76%, 07/25/2035 (aa) |
|
|
200 |
|
|
|
199 |
|
| Pawnee Equipment Receivables LLC, Series 2021-1, Class A2, 1.10%, 07/15/2027 (e) |
|
|
50 |
|
|
|
49 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Pony SA Compartment German Auto Loans, (Luxembourg), |
|
|
|
|
|
|
|
|
| Series 2024-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.52%), 3.96%, 01/14/2033 (aa) |
|
EUR |
800 |
|
|
|
891 |
|
| Series 2024-1, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 0.85%), 4.29%, 01/14/2033 (aa) |
|
EUR |
100 |
|
|
|
111 |
|
| PRET LLC, |
|
|
|
|
|
|
|
|
| Series 2021-NPL3, Class A1, SUB, 4.87%, 07/25/2051 (e) |
|
|
505 |
|
|
|
499 |
|
| Series 2021-NPL6, Class A1, SUB, 2.49%, 07/25/2051 (e) |
|
|
178 |
|
|
|
177 |
|
| Pretium Mortgage Credit Partners LLC, Series 2021-RN1, Class A1, SUB, 4.99%, 02/25/2061 (e) |
|
|
170 |
|
|
|
170 |
|
| Prodigy Finance DAC, (Ireland), Series 2021-1A, Class A, (CME Term SOFR 1 Month + 1.36%), 6.22%, 07/25/2051 (e) (aa) |
|
|
46 |
|
|
|
45 |
|
| Red & Black Auto Germany UG, (Germany), |
|
|
|
|
|
|
|
|
| Series 8, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 0.75%), 4.19%, 09/15/2030 (aa) |
|
EUR |
87 |
|
|
|
97 |
|
| Series 10, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.20%), 4.64%, 09/15/2032 (aa) |
|
EUR |
100 |
|
|
|
112 |
|
| Red & Black Auto Italy Srl, (Italy), |
|
|
|
|
|
|
|
|
| Series 1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.70%), 4.08%, 12/28/2031 (aa) |
|
EUR |
344 |
|
|
|
383 |
|
| Series 2, Class A1, Reg. S, (ICE LIBOR EUR 1 Month + 1.00%), 4.38%, 07/28/2034 (aa) |
|
EUR |
583 |
|
|
|
652 |
|
| Series 2, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 1.80%), 5.18%, 07/28/2034 (aa) |
|
EUR |
112 |
|
|
|
126 |
|
| RevoCar UG, (Germany), Series 2024-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.56%), 3.96%, 02/21/2037 (aa) |
|
EUR |
544 |
|
|
|
605 |
|
| Rockford Tower CLO 2017-3 Ltd., (Cayman Islands), Series 2017-3A, Class A, (CME Term SOFR 3 Month + 1.45%), 6.73%, 10/20/2030 (e) (aa) |
|
|
120 |
|
|
|
120 |
|
| RR 3 Ltd., (Cayman Islands), Series 2018-3A, Class A1R2, (CME Term SOFR 3 Month + 1.35%), 6.65%, 01/15/2030 (e) (aa) |
|
|
282 |
|
|
|
282 |
|
| Santander Drive Auto Receivables Trust, Series 2023-4, Class A2, 6.18%, 02/16/2027 |
|
|
1,072 |
|
|
|
1,075 |
|
| SBNA Auto Lease Trust, Series 2024-C, Class A3, 4.56%, 02/22/2028 (e) |
|
|
900 |
|
|
|
902 |
|
| SC Germany SA Compartment Consumer, (Luxembourg), Series 2020-1, Class C, Reg. S, (ICE LIBOR EUR 1 Month + 1.75%), 5.19%, 11/14/2034 (aa) |
|
EUR |
114 |
|
|
|
128 |
|
| SLM Student Loan Trust, Series 2004-10, Class A7B, (United States 90 Day Average SOFR + 0.86%), 6.22%, 10/25/2029 (e) (aa) |
|
|
18 |
|
|
|
18 |
|
| SMB Private Education Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2016-B, Class A2B, (CME Term SOFR 1 Month + 1.56%), 6.66%, 02/17/2032 (e) (aa) |
|
|
88 |
|
|
|
88 |
|
| Series 2016-C, Class A2A, 2.34%, 09/15/2034 (e) |
|
|
56 |
|
|
|
56 |
|
| Series 2017-A, Class A2B, (CME Term SOFR 1 Month + 1.01%), 6.11%, 09/15/2034 (e) (aa) |
|
|
346 |
|
|
|
346 |
|
| Series 2020-A, Class A2B, (CME Term SOFR 1 Month + 0.94%), 6.04%, 09/15/2037 (e) (aa) |
|
|
383 |
|
|
|
382 |
|
| Series 2020-PTA, Class A2A, 1.60%, 09/15/2054 (e) |
|
|
292 |
|
|
|
272 |
|
| Series 2021-A, Class A2A1, (CME Term SOFR 1 Month + 0.84%), 5.94%, 01/15/2053 (e) (aa) |
|
|
1,390 |
|
|
|
1,374 |
|
| Series 2021-A, Class APL, (CME Term SOFR 1 Month + 0.84%), 5.94%, 01/15/2053 (e) (aa) |
|
|
165 |
|
|
|
163 |
|
| Series 2021-D, Class A1B, (CME Term SOFR 1 Month + 0.71%), 5.81%, 03/17/2053 (e) (aa) |
|
|
146 |
|
|
|
144 |
|
| Series 2022-B, Class A1B, (United States 30 Day Average SOFR + 1.45%), 6.79%, 02/16/2055 (e) (aa) |
|
|
1,301 |
|
|
|
1,306 |
|
| Series 2022-C, Class A1B, (United States 30 Day Average SOFR + 1.85%), 7.19%, 05/16/2050 (e) (aa) |
|
|
196 |
|
|
|
199 |
|
| Series 2022-D, Class A1B, (United States 30 Day Average SOFR + 1.80%), 7.14%, 10/15/2058 (e) (aa) |
|
|
2,015 |
|
|
|
2,049 |
|
| Series 2023-A, Class A1A, 5.38%, 01/15/2053 (e) |
|
|
149 |
|
|
|
152 |
|
| Synchrony Card Funding LLC, Series 2023-A1, Class A, 5.54%, 07/15/2029 |
|
|
1,000 |
|
|
|
1,021 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| TAGUS-Sociedade de Titularizacao de Creditos SA / Viriato Finance No. 1, (Portugal), Series 1, Class B, Reg. S, (ICE LIBOR EUR 1 Month + 0.95%), 4.33%, 10/28/2040 (aa) |
|
EUR |
235 |
|
|
|
258 |
|
| TCI-Symphony CLO 2016-1 Ltd., (Cayman Islands), Series 2016-1A, Class AR2, (CME Term SOFR 3 Month + 1.28%),
6.58%, 10/13/2032 (e) (aa) |
|
|
196 |
|
|
|
196 |
|
| Tesla Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2023-B, Class A2, 6.02%, 09/22/2025 (e) |
|
|
266 |
|
|
|
266 |
|
| Series 2024-A, Class A2A, 5.37%, 06/22/2026 (e) |
|
|
1,350 |
|
|
|
1,353 |
|
| Towd Point Asset Trust, Series 2021-SL1, Class A2, (CME Term SOFR 1 Month + 0.81%), 5.78%, 11/20/2061 (e) (aa) |
|
|
103 |
|
|
|
103 |
|
| Toyota Auto Loan Extended Note Trust, Series 2020-1A, Class A, 1.35%, 05/25/2033 (e) |
|
|
1,500 |
|
|
|
1,468 |
|
| Toyota Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2022-C, Class A3, 3.76%, 04/15/2027 |
|
|
698 |
|
|
|
694 |
|
| Series 2023-A, Class A3, 4.63%, 09/15/2027 |
|
|
200 |
|
|
|
201 |
|
| Series 2023-C, Class A2A, 5.60%, 08/17/2026 |
|
|
256 |
|
|
|
256 |
|
| Series 2024-A, Class A3, 4.83%, 10/16/2028 |
|
|
4,109 |
|
|
|
4,155 |
|
| Toyota Lease Owner Trust, Series 2023-B, Class A2A, 5.73%, 04/20/2026 (e) |
|
|
636 |
|
|
|
639 |
|
| Trillium Credit Card Trust II, (Canada), Series 2023-3A, Class A, (United States SOFR + 0.85%), 5.70%, 08/26/2028 (e) (aa) |
|
|
1,700 |
|
|
|
1,706 |
|
| Verizon Master Trust, |
|
|
|
|
|
|
|
|
| Series 2024-1, Class A1A, 5.00%, 12/20/2028 |
|
|
1,700 |
|
|
|
1,713 |
|
| Series 2024-1, Class A1B, (United States 30 Day Average SOFR + 0.65%), 5.99%, 12/20/2028 (aa) |
|
|
1,578 |
|
|
|
1,581 |
|
| Series 2024-6, Class A1B, (United States 30 Day Average SOFR + 0.67%), 0.00%, 08/20/2030 (aa) |
|
|
1,000 |
|
|
|
1,001 |
|
| Volkswagen Auto Lease Trust, Series 2023-A, Class A2A, 5.87%, 01/20/2026 |
|
|
456 |
|
|
|
457 |
|
| Volkswagen Auto Loan Enhanced Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A2A, 5.50%, 12/21/2026 |
|
|
443 |
|
|
|
444 |
|
| Series 2023-2, Class A2A, 5.72%, 03/22/2027 |
|
|
1,115 |
|
|
|
1,122 |
|
| Series 2023-2, Class A2B, (United States 30 Day Average SOFR + 0.63%), 5.98%, 03/22/2027 (aa) |
|
|
3,056 |
|
|
|
3,060 |
|
| VOYA CLO 2017-2, (Cayman Islands), Series 2017-2A, Class A1R, (CME Term SOFR 3 Month + 1.24%), 6.54%, 06/07/2030 (e) (aa) |
|
|
78 |
|
|
|
78 |
|
| Wind River CLO Ltd., (Cayman Islands), Series 2013-1A, Class A1RR, (CME Term SOFR 3 Month + 1.24%), 6.52%, 07/20/2030 (e) (aa) |
|
|
9 |
|
|
|
9 |
|
| World Omni Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-A, Class A2A, 5.18%, 07/15/2026 |
|
|
104 |
|
|
|
104 |
|
| Series 2023-B, Class A2A, 5.25%, 11/16/2026 |
|
|
268 |
|
|
|
268 |
|
| Series 2024-B, Class A2A, 5.48%, 09/15/2027 |
|
|
500 |
|
|
|
503 |
|
| Youni Italy Srl, (Italy), Series 2024-1, Class A, Reg. S, (ICE LIBOR EUR 1 Month + 0.88%), 4.23%, 04/20/2034 (aa) |
|
EUR |
519 |
|
|
|
580 |
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(Cost $117,421) |
|
|
|
|
|
|
118,615 |
|
|
|
|
|
|
|
|
|
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Certificates of Deposit — 0.3% |
|
|
|
|
|
|
|
|
| Financial — 0.3% |
|
|
|
|
|
|
|
|
| Banks — 0.3% |
|
|
|
|
|
|
|
|
| Mizuho Bank Ltd., (Japan), |
|
|
|
|
|
|
|
|
| (BBSW ASX Australian 3 Month + 0.54%), 4.92%, 02/21/2025 (aa) |
|
AUD |
1,300 |
|
|
|
899 |
|
| (BBSW ASX Australian 3 Month + 0.85%), 5.27%, 09/14/2026 (aa) |
|
AUD |
500 |
|
|
|
347 |
|
| MUFG Bank/Sydney Ltd., (Japan), (BBSW ASX Australian 3 Month + 0.87%), 5.23%, 02/17/2026 (aa) |
|
AUD |
700 |
|
|
|
486 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
1,732 |
|
|
|
|
|
|
|
|
|
|
Total Certificates of Deposit
(Cost $1,652) |
|
|
|
|
|
|
1,732 |
|
|
|
|
|
|
|
|
|
|
| Collateralized Mortgage Obligations — 4.0% |
|
|
|
|
|
|
|
|
| Atlas Funding plc, (United Kingdom), Series 2024-1, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.85%), 5.81%, 09/20/2061 (aa) |
|
GBP |
558 |
|
|
|
747 |
|
| Avon Finance, (United Kingdom), Series 4A, Class A, (SONIA Interest Rate Benchmark + 0.90%), 5.88%, 12/28/2049 (e) (aa) |
|
GBP |
659 |
|
|
|
882 |
|
| Braccan Mortgage Funding plc, (United Kingdom), Series 2024-1, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.84%), Zero Coupon, 02/15/2067 (aa) |
|
GBP |
757 |
|
|
|
1,013 |
|
| Cheshire plc, (United Kingdom), Series 2020-1, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.90%), 5.88%, 08/20/2045 (aa) |
|
GBP |
308 |
|
|
|
412 |
|
| CSMC Trust, Series 2021-RPL4, Class A1, 4.07%, 12/27/2060 (e) (z) |
|
|
262 |
|
|
|
261 |
|
| Dutch Property Finance BV, (Netherlands), Series 2022-1, Class A, Reg. S, (ICE LIBOR EUR 3 Month + 0.75%), 4.44%, 10/28/2059 (aa) |
|
EUR |
676 |
|
|
|
753 |
|
| Economic Master Issuer plc, (United Kingdom), Series 2023-1, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.56%), 5.52%, 06/25/2074 (aa) |
|
GBP |
242 |
|
|
|
324 |
|
| FHLMC REMICS, Series 5426, Class BF, (United States 30 Day Average SOFR + 0.90%), 6.25%, 04/15/2049 (aa) |
|
|
466 |
|
|
|
460 |
|
| FNMA REMICS, |
|
|
|
|
|
|
|
|
| Series 2018-82, Class W, 6.76%, 11/25/2058 (z) |
|
|
225 |
|
|
|
231 |
|
| Series 2020-29, Class FC, (United States 30 Day Average SOFR + 0.91%), 6.27%, 05/25/2050 (aa) |
|
|
1,137 |
|
|
|
1,132 |
|
| Series 2022-8, Class D, 2.00%, 08/25/2038 |
|
|
1,081 |
|
|
|
1,012 |
|
| Series 2024-38, Class FA, (United States 30 Day Average SOFR + 0.80%), 6.15%, 01/25/2051 (aa) |
|
|
909 |
|
|
|
921 |
|
| Friary No. 7 plc, (United Kingdom), Series 7, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.67%), 5.70%, 10/21/2070 (aa) |
|
GBP |
189 |
|
|
|
254 |
|
| GNMA, |
|
|
|
|
|
|
|
|
| Series 2015-H04, Class FA, (CME Term SOFR 1 Month + 0.76%), 6.12%, 12/20/2064 (aa) |
|
|
828 |
|
|
|
827 |
|
| Series 2017-121, Class PE, 3.00%, 07/20/2046 |
|
|
111 |
|
|
|
109 |
|
| Series 2018-H18, Class FC, (CME Term SOFR 1 Month + 0.46%), 5.82%, 08/20/2065 (aa) |
|
|
278 |
|
|
|
277 |
|
| Series 2019-54, Class KF, (CME Term SOFR 1 Month + 0.53%), 5.74%, 05/20/2044 (aa) |
|
|
268 |
|
|
|
260 |
|
| Series 2021-H09, Class FG, (United States 30 Day Average SOFR + 1.50%), 6.85%, 06/20/2071 (aa) |
|
|
1,387 |
|
|
|
1,416 |
|
| Series 2022-5, Class FA, (United States 30 Day Average SOFR + 0.30%), 3.50%, 01/20/2052 (aa) |
|
|
816 |
|
|
|
731 |
|
| Series 2022-H01, Class FA, (United States 30 Day Average SOFR + 0.35%), 5.70%, 01/20/2072 (aa) |
|
|
681 |
|
|
|
664 |
|
| Series 2023-H02, Class FA, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2073 (aa) |
|
|
498 |
|
|
|
489 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| Series 2023-H12, Class FA, (United States 30 Day Average SOFR + 1.00%), 6.35%, 05/20/2073 (aa) |
|
|
1,676 |
|
|
|
1,694 |
|
| Series 2023-H26, Class DF, (United States 30 Day Average SOFR + 0.30%), 5.65%, 09/20/2073 (aa) |
|
|
1,137 |
|
|
|
1,130 |
|
| Series 2023-H27, Class FD, (United States 30 Day Average SOFR + 1.10%), 6.45%, 11/20/2073 (aa) |
|
|
501 |
|
|
|
510 |
|
| Series 2024-H01, Class FB, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2074 (aa) |
|
|
1,004 |
|
|
|
1,010 |
|
| Series 2024-H02, Class FH, (United States 30 Day Average SOFR + 0.93%), 6.28%, 01/20/2074 (aa) |
|
|
1,006 |
|
|
|
1,014 |
|
| GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1, 1.75%, 12/25/2060 (e) (z) |
|
|
250 |
|
|
|
233 |
|
| Holmes Master Issuer plc, (United Kingdom), Series 2023-1X, Class A1, Reg. S, (SONIA Interest Rate Benchmark + 0.58%), 5.63%, 10/15/2072 (aa) |
|
GBP |
666 |
|
|
|
893 |
|
| Jupiter Mortgage No. 1 plc, (United Kingdom), Series 1X, Class AR, Reg. S, (SONIA Interest Rate Benchmark + 1.00%), 6.03%, 07/20/2055 (aa) |
|
GBP |
635 |
|
|
|
850 |
|
| Legacy Mortgage Asset Trust, Series 2021-GS3, Class A1, SUB, 4.75%, 07/25/2061 (e) |
|
|
1,011 |
|
|
|
1,003 |
|
| MFA Trust, Series 2021-RPL1, Class A1, 1.13%, 07/25/2060 (e) (z) |
|
|
284 |
|
|
|
257 |
|
| New Residential Mortgage Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2018-3A, Class A1, 4.50%, 05/25/2058 (e) (z) |
|
|
88 |
|
|
|
87 |
|
| Series 2019-NQM5, Class A1, 2.71%, 11/25/2059 (e) (z) |
|
|
246 |
|
|
|
232 |
|
| Series 2021-NQ2R, Class A1, 0.94%, 10/25/2058 (e) (z) |
|
|
364 |
|
|
|
341 |
|
| Resimac Bastille Trust, (Australia), Series 2021-2NCA, Class A1A, (CME Term SOFR 1 Month + 0.76%), 5.96%, 02/03/2053 (e) (aa) |
|
|
102 |
|
|
|
102 |
|
| Silverstone Master Issuer plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Series 2022-1X, Class 2A, Reg. S, (SONIA Interest Rate Benchmark + 0.29%), 5.32%, 01/21/2070 (aa) |
|
GBP |
550 |
|
|
|
733 |
|
| Series 2023-1, Class 2A, Reg. S, (SONIA Interest Rate Benchmark + 0.50%), 5.53%, 01/21/2070 (aa) |
|
GBP |
635 |
|
|
|
850 |
|
| Starwood Mortgage Residential Trust, |
|
|
|
|
|
|
|
|
| Series 2020-3, Class A1, 1.49%, 04/25/2065 (e) (z) |
|
|
133 |
|
|
|
128 |
|
| Series 2020-INV1, Class A1, 1.03%, 11/25/2055 (e) (z) |
|
|
81 |
|
|
|
77 |
|
| Series 2021-2, Class A1, 0.94%, 05/25/2065 (e) (z) |
|
|
183 |
|
|
|
170 |
|
| Towd Point Mortgage Funding 2024 - Granite 6 plc, (United Kingdom), Series 2024-GR6A, Class A1, (SONIA Interest Rate Benchmark + 0.93%), 5.95%, 07/20/2053 (e) (aa) |
|
GBP |
942 |
|
|
|
1,262 |
|
| Towd Point Mortgage Trust, Series 2019-HY2, Class A1, (CME Term SOFR 1 Month + 1.11%), 5.97%, 05/25/2058 (e) (aa) |
|
|
191 |
|
|
|
197 |
|
|
|
|
|
|
|
|
|
|
Total Collateralized Mortgage Obligations
(Cost $25,860) |
|
|
|
|
|
|
25,948 |
|
|
|
|
|
|
|
|
|
|
| Commercial Mortgage-Backed Securities — 3.4% |
|
|
|
|
|
|
|
|
| 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, (CME Term SOFR 1 Month + 1.18%), 6.30%, 09/15/2034 (e) (aa) |
|
|
500 |
|
|
|
487 |
|
| AREIT Trust, (Cayman Islands), Series 2021-CRE5, Class A, (CME Term SOFR 1 Month + 1.19%), 6.28%, 11/17/2038 (e) (aa) |
|
|
82 |
|
|
|
82 |
|
| Ashford Hospitality Trust, Series 2018-KEYS, Class A, (CME Term SOFR 1 Month + 1.30%), 6.39%, 06/15/2035 (e) (aa) |
|
|
56 |
|
|
|
56 |
|
| BDS LLC, Series 2022-FL12, Class A, (CME Term SOFR 1 Month + 2.14%), 7.10%, 08/19/2038 (e) (aa) |
|
|
700 |
|
|
|
702 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Commercial Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| BMP, Series 2024-MF23, Class A, (CME Term SOFR 1 Month + 1.37%), 6.47%, 06/15/2041 (e) (aa) |
|
|
690 |
|
|
|
689 |
|
| BSST Mortgage Trust, Series 2021-SSCP, Class A, (CME Term SOFR 1 Month + 0.86%), 5.96%, 04/15/2036 (e) (aa) |
|
|
579 |
|
|
|
573 |
|
| BWAY Mortgage Trust, Series 2021-1450, Class A, (CME Term SOFR 1 Month + 1.36%), 6.46%, 09/15/2036 (e) (aa) |
|
|
500 |
|
|
|
476 |
|
| BX Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2022-CSMO, Class A, (CME Term SOFR 1 Month + 2.11%), 7.21%, 06/15/2027 (e) (aa) |
|
|
800 |
|
|
|
802 |
|
| Series 2024-MF, Class A, (CME Term SOFR 1 Month + 1.44%), 6.54%, 02/15/2039 (e) (aa) |
|
|
947 |
|
|
|
947 |
|
| Series 2024-XL4, Class A, (CME Term SOFR 1 Month + 1.44%), 6.54%, 02/15/2039 (e) (aa) |
|
|
890 |
|
|
|
890 |
|
| Series 2024-XL5, Class A, (CME Term SOFR 1 Month + 1.39%), 6.49%, 03/15/2041 (e) (aa) |
|
|
407 |
|
|
|
407 |
|
| BX Trust, |
|
|
|
|
|
|
|
|
| Series 2024-CNYN, Class A, (CME Term SOFR 1 Month + 1.44%), 6.54%, 04/15/2041 (e) (aa) |
|
|
152 |
|
|
|
152 |
|
| Series 2024-PAT, Class A, (CME Term SOFR 1 Month + 2.09%), 7.19%, 03/15/2041 (e) (aa) |
|
|
270 |
|
|
|
271 |
|
| Series 2024-VLT4, Class A, (CME Term SOFR 1 Month + 1.49%), 6.59%, 07/15/2029 (e) (aa) |
|
|
555 |
|
|
|
555 |
|
| CEDR Commercial Mortgage Trust, Series 2022-SNAI, Class A, (CME Term SOFR 1 Month + 0.99%), 6.08%, 02/15/2039 (e) (aa) |
|
|
530 |
|
|
|
505 |
|
| CENT Trust, Series 2023-CITY, Class A, (CME Term SOFR 1 Month + 2.62%), 7.72%, 09/15/2038 (e) (aa) |
|
|
410 |
|
|
|
411 |
|
| CFCRE Commercial Mortgage Trust, Series 2016-C4, Class ASB, 3.09%, 05/10/2058 |
|
|
285 |
|
|
|
283 |
|
| Citigroup Commercial Mortgage Trust, Series 2021-KEYS, Class A, (CME Term SOFR 1 Month + 1.29%), 6.39%, 10/15/2036 (e) (aa) |
|
|
900 |
|
|
|
893 |
|
| COMM Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2014-UBS3, Class A4, 3.82%, 06/10/2047 |
|
|
43 |
|
|
|
43 |
|
| Series 2015-LC19, Class ASB, 3.04%, 02/10/2048 |
|
|
1 |
|
|
|
1 |
|
| Series 2024-WCL1, Class A, (CME Term SOFR 1 Month + 1.84%), 6.92%, 06/15/2041 (e) (aa) |
|
|
420 |
|
|
|
419 |
|
| CONE Trust, Series 2024-DFW1, Class A, (CME Term SOFR 1 Month + 1.64%), 6.74%, 08/15/2041 (e) (aa) |
|
|
220 |
|
|
|
220 |
|
| CSMC, Series 2021-BHAR, Class A, (CME Term SOFR 1 Month + 1.26%), 6.36%, 11/15/2038 (e) (aa) |
|
|
699 |
|
|
|
692 |
|
| DBGS Mortgage Trust, Series 2018-BIOD, Class A, (CME Term SOFR 1 Month + 1.10%), 6.20%, 05/15/2035 (e) (aa) |
|
|
613 |
|
|
|
610 |
|
| ELM Trust, |
|
|
|
|
|
|
|
|
| Series 2024-ELM, Class A10, 5.99%, 06/10/2039 (e) (z) |
|
|
800 |
|
|
|
818 |
|
| Series 2024-ELM, Class A15, 5.99%, 06/10/2039 (e) (z) |
|
|
800 |
|
|
|
818 |
|
| FS Rialto Issuer LLC, Series 2022-FL6, Class A, (CME Term SOFR 1 Month + 2.58%), 7.54%, 08/17/2037 (e) (aa) |
|
|
297 |
|
|
|
298 |
|
| ILPT Commercial Mortgage Trust, Series 2022-LPF2, Class A, (CME Term SOFR 1 Month + 2.25%), 7.34%, 10/15/2039 (e) (aa) |
|
|
480 |
|
|
|
479 |
|
| INTOWN Mortgage Trust, Series 2022-STAY, Class A, (CME Term SOFR 1 Month + 2.49%), 7.59%, 08/15/2039 (e) (aa) |
|
|
1,250 |
|
|
|
1,253 |
|
| LUX, Series 2023-LION, Class A, (CME Term SOFR 1 Month + 2.69%), 7.79%, 08/15/2040 (e) (aa) |
|
|
185 |
|
|
|
186 |
|
| MF1X, Series 2021-W10, Class A, (CME Term SOFR 1 Month + 1.07%), 6.17%, 12/15/2034 (e) (aa) |
|
|
1,130 |
|
|
|
1,115 |
|
| Morgan Stanley Capital I Trust, Series 2019-PLND, Class A, (CME Term SOFR 1 Month + 1.11%), 6.21%, 05/15/2036 (e) (aa) |
|
|
700 |
|
|
|
481 |
|
| MTN Commercial Mortgage Trust, Series 2022-LPFL, Class A, (CME Term SOFR 1 Month + 1.40%), 6.50%, 03/15/2039 (e) (aa) |
|
|
1,100 |
|
|
|
1,092 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Commercial Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Natixis Commercial Mortgage Securities Trust, Series 2022-RRI, Class A, (CME Term SOFR 1 Month + 1.82%), 6.92%, 03/15/2035 (e) (aa) |
|
|
608 |
|
|
|
608 |
|
| Sage AR Funding No. 1 plc, (United Kingdom), Series 1A, Class A, (SONIA Interest Rate Benchmark + 1.25%), 6.23%, 11/17/2030 (e) (aa) |
|
GBP |
800 |
|
|
|
1,068 |
|
| SMRT, Series 2022-MINI, Class A, (CME Term SOFR 1 Month + 1.00%), 6.10%, 01/15/2039 (e) (aa) |
|
|
350 |
|
|
|
347 |
|
| SREIT Trust, Series 2021-IND, Class A, (CME Term SOFR 1 Month + 0.81%), 5.91%, 10/15/2038 (e) (aa) |
|
|
900 |
|
|
|
892 |
|
| Taubman Centers Commercial Mortgage Trust, Series 2022-DPM, Class A, (CME Term SOFR 1 Month + 2.19%), 7.28%, 05/15/2037 (e) (aa) |
|
|
520 |
|
|
|
521 |
|
| UK Logistics DAC, (United Kingdom), Series 2024-1X, Class A, Reg. S, (SONIA Interest Rate Benchmark + 1.65%), 6.63%, 05/17/2034 (aa) |
|
GBP |
202 |
|
|
|
271 |
|
| Vita Scientia DAC, (Ireland), Series 2022-1X, Class A, Reg. S, (ICE LIBOR EUR 3 Month + 1.30%), 4.84%, 02/27/2033 (aa) |
|
EUR |
1,000 |
|
|
|
1,105 |
|
| Wells Fargo Commercial Mortgage Trust, Series 2015-NXS2, Class A2, 3.02%, 07/15/2058 |
|
|
97 |
|
|
|
97 |
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage-Backed Securities
(Cost $22,790) |
|
|
|
|
|
|
22,615 |
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds — 49.7% |
|
|
|
|
|
|
|
|
| Basic Materials — 0.6% |
|
|
|
|
|
|
|
|
| Mining — 0.6% |
|
|
|
|
|
|
|
|
| Glencore Funding LLC, |
|
|
|
|
|
|
|
|
| 3.88%, 10/27/2027 (e) |
|
|
747 |
|
|
|
737 |
|
| 4.00%, 03/27/2027 (e) |
|
|
1,760 |
|
|
|
1,743 |
|
| 6.13%, 10/06/2028 (e) |
|
|
1,650 |
|
|
|
1,747 |
|
|
|
|
|
|
|
|
|
|
| Total Basic Materials |
|
|
|
|
|
|
4,227 |
|
|
|
|
|
|
|
|
|
|
| Communications — 6.6% |
|
|
|
|
|
|
|
|
| Internet — 0.2% |
|
|
|
|
|
|
|
|
| Amazon.com, Inc., 3.15%, 08/22/2027 |
|
|
1,305 |
|
|
|
1,281 |
|
|
|
|
|
|
|
|
|
|
| Media — 1.3% |
|
|
|
|
|
|
|
|
| Charter Communications Operating LLC / Charter Communications Operating Capital, 6.15%, 11/10/2026 |
|
|
3,200 |
|
|
|
3,288 |
|
| Comcast Corp., |
|
|
|
|
|
|
|
|
| 2.35%, 01/15/2027 |
|
|
3,130 |
|
|
|
3,017 |
|
| 3.15%, 03/01/2026 |
|
|
1,402 |
|
|
|
1,383 |
|
| 3.55%, 05/01/2028 |
|
|
655 |
|
|
|
642 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,330 |
|
|
|
|
|
|
|
|
|
|
| Telecommunications — 5.1% |
|
|
|
|
|
|
|
|
| AT&T, Inc., |
|
|
|
|
|
|
|
|
| 1.70%, 03/25/2026 |
|
|
1,610 |
|
|
|
1,549 |
|
| 2.30%, 06/01/2027 |
|
|
1,880 |
|
|
|
1,795 |
|
| 2.95%, 07/15/2026 |
|
|
1,410 |
|
|
|
1,380 |
|
| NTT Finance Corp., (Japan), |
|
|
|
|
|
|
|
|
| 1.16%, 04/03/2026 (e) |
|
|
3,585 |
|
|
|
3,424 |
|
| 5.10%, 07/02/2027 (e) |
|
|
1,100 |
|
|
|
1,126 |
|
| Optus Finance Pty Ltd., (Australia), Reg. S, 1.60%, 07/01/2025 |
|
AUD |
1,000 |
|
|
|
675 |
|
| Rogers Communications, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 2.95%, 03/15/2025 |
|
|
4,750 |
|
|
|
4,706 |
|
| 3.20%, 03/15/2027 |
|
|
2,210 |
|
|
|
2,151 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Telecommunications — continued |
|
|
|
|
|
|
|
|
| Sprint LLC, 7.63%, 03/01/2026 |
|
|
2,000 |
|
|
|
2,066 |
|
| T-Mobile USA, Inc., |
|
|
|
|
|
|
|
|
| 1.50%, 02/15/2026 |
|
|
540 |
|
|
|
519 |
|
| 2.25%, 02/15/2026 |
|
|
4,440 |
|
|
|
4,314 |
|
| 2.63%, 04/15/2026 |
|
|
2,300 |
|
|
|
2,241 |
|
| 3.50%, 04/15/2025 |
|
|
1,000 |
|
|
|
993 |
|
| 3.75%, 04/15/2027 |
|
|
1,700 |
|
|
|
1,679 |
|
| Verizon Communications, Inc., |
|
|
|
|
|
|
|
|
| 2.63%, 08/15/2026 |
|
|
1,885 |
|
|
|
1,832 |
|
| 3.38%, 02/15/2025 |
|
|
1,555 |
|
|
|
1,546 |
|
| 3.50%, 11/01/2024 |
|
|
1,355 |
|
|
|
1,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,349 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
42,960 |
|
|
|
|
|
|
|
|
|
|
| Consumer Cyclical — 5.1% |
|
|
|
|
|
|
|
|
| Auto Manufacturers — 4.8% |
|
|
|
|
|
|
|
|
| American Honda Finance Corp., |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.55%), 5.65%, 02/12/2025 (aa) |
|
|
1,700 |
|
|
|
1,701 |
|
| (SOFR Compounded Index + 0.78%), 5.98%, 04/23/2025 (aa) |
|
|
2,724 |
|
|
|
2,730 |
|
| BMW US Capital LLC, |
|
|
|
|
|
|
|
|
| 4.60%, 08/13/2027 (e) |
|
|
1,105 |
|
|
|
1,117 |
|
| (SOFR Compounded Index + 0.84%), 5.71%, 04/01/2025 (e) (aa) |
|
|
1,100 |
|
|
|
1,103 |
|
| (SOFR Compounded Index + 0.80%), 5.89%, 08/13/2026 (e) (aa) |
|
|
1,900 |
|
|
|
1,907 |
|
| Daimler Truck Finance North America LLC, 5.20%, 01/17/2025 (e) |
|
|
2,000 |
|
|
|
2,000 |
|
| Ford Motor Credit Co. LLC, |
|
|
|
|
|
|
|
|
| 2.30%, 02/10/2025 |
|
|
400 |
|
|
|
395 |
|
| 2.70%, 08/10/2026 |
|
|
1,150 |
|
|
|
1,105 |
|
| 4.13%, 08/04/2025 |
|
|
200 |
|
|
|
198 |
|
| 5.13%, 06/16/2025 |
|
|
200 |
|
|
|
200 |
|
| 5.80%, 03/05/2027 |
|
|
1,250 |
|
|
|
1,273 |
|
| 7.35%, 11/04/2027 |
|
|
1,795 |
|
|
|
1,905 |
|
| (United States SOFR + 2.95%), 7.90%, 03/06/2026 (aa) |
|
|
300 |
|
|
|
308 |
|
| General Motors Financial Co., Inc., |
|
|
|
|
|
|
|
|
| 3.50%, 11/07/2024 |
|
|
2,000 |
|
|
|
1,997 |
|
| (SOFR Compounded Index + 1.30%), 6.59%, 04/07/2025 (aa) |
|
|
700 |
|
|
|
702 |
|
| Hyundai Capital America, (United States SOFR + 1.15%), 6.29%, 08/04/2025 (e) (aa) |
|
|
1,100 |
|
|
|
1,106 |
|
| Mercedes-Benz Finance North America LLC, |
|
|
|
|
|
|
|
|
| 4.88%, 07/31/2026 (e) |
|
|
1,120 |
|
|
|
1,135 |
|
| 4.90%, 01/09/2026 (e) |
|
|
2,080 |
|
|
|
2,096 |
|
| (United States SOFR + 0.63%), 5.81%, 07/31/2026 (e) (aa) |
|
|
1,400 |
|
|
|
1,399 |
|
| Nissan Motor Acceptance Co. LLC, 1.85%, 09/16/2026 (e) |
|
|
500 |
|
|
|
469 |
|
| Nissan Motor Co. Ltd., (Japan), 3.52%, 09/17/2025 (e) |
|
|
600 |
|
|
|
590 |
|
| Toyota Motor Credit Corp., |
|
|
|
|
|
|
|
|
| 4.80%, 01/05/2026 |
|
|
3,265 |
|
|
|
3,295 |
|
| (United States SOFR + 0.65%), 5.57%, 09/11/2025 (aa) |
|
|
1,000 |
|
|
|
1,003 |
|
| Volkswagen Group of America Finance LLC, |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.83%), 5.70%, 03/20/2026 (e) (aa) |
|
|
500 |
|
|
|
501 |
|
| 5.80%, 09/12/2025 (e) |
|
|
221 |
|
|
|
223 |
|
| (United States SOFR + 0.93%), 5.85%, 09/12/2025 (e) (aa) |
|
|
1,000 |
|
|
|
1,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,461 |
|
|
|
|
|
|
|
|
|
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Auto Manufacturers — continued |
|
|
|
|
|
|
|
|
| Leisure Time — 0.1% |
|
|
|
|
|
|
|
|
| Harley-Davidson Financial Services, Inc., Reg. S, 3.35%, 06/08/2025 |
|
|
500 |
|
|
|
494 |
|
|
|
|
|
|
|
|
|
|
| Lodging — 0.1% |
|
|
|
|
|
|
|
|
| Las Vegas Sands Corp., 5.90%, 06/01/2027 |
|
|
650 |
|
|
|
668 |
|
|
|
|
|
|
|
|
|
|
| Retail — 0.1% |
|
|
|
|
|
|
|
|
| Home Depot, Inc. (The), 2.80%, 09/14/2027 |
|
|
800 |
|
|
|
777 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Cyclical |
|
|
|
|
|
|
33,400 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 5.6% |
|
|
|
|
|
|
|
|
| Agriculture — 1.1% |
|
|
|
|
|
|
|
|
| BAT Capital Corp., |
|
|
|
|
|
|
|
|
| 3.22%, 09/06/2026 |
|
|
2,175 |
|
|
|
2,128 |
|
| 4.70%, 04/02/2027 |
|
|
2,750 |
|
|
|
2,774 |
|
| Imperial Brands Finance plc, (United Kingdom), 3.50%, 07/26/2026 (e) |
|
|
800 |
|
|
|
784 |
|
| Philip Morris International, Inc., 4.75%, 02/12/2027 |
|
|
1,530 |
|
|
|
1,554 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,240 |
|
|
|
|
|
|
|
|
|
|
| Biotechnology — 0.7% |
|
|
|
|
|
|
|
|
| Amgen, Inc., |
|
|
|
|
|
|
|
|
| 2.20%, 02/21/2027 |
|
|
1,640 |
|
|
|
1,570 |
|
| 5.25%, 03/02/2025 |
|
|
2,935 |
|
|
|
2,939 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,509 |
|
|
|
|
|
|
|
|
|
|
| Commercial Services — 0.6% |
|
|
|
|
|
|
|
|
| Global Payments, Inc., |
|
|
|
|
|
|
|
|
| 1.20%, 03/01/2026 |
|
|
2,500 |
|
|
|
2,389 |
|
| 1.50%, 11/15/2024 |
|
|
1,500 |
|
|
|
1,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,882 |
|
|
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — 0.1% |
|
|
|
|
|
|
|
|
| Haleon UK Capital plc, (United Kingdom), 3.13%, 03/24/2025 |
|
|
1,000 |
|
|
|
991 |
|
|
|
|
|
|
|
|
|
|
| Food — 0.2% |
|
|
|
|
|
|
|
|
| J M Smucker Co. (The), 3.50%, 03/15/2025 |
|
|
1,200 |
|
|
|
1,193 |
|
|
|
|
|
|
|
|
|
|
| Healthcare—Products — 0.3% |
|
|
|
|
|
|
|
|
| Baxter International, Inc., 1.32%, 11/29/2024 |
|
|
1,800 |
|
|
|
1,788 |
|
|
|
|
|
|
|
|
|
|
| Healthcare—Services — 1.8% |
|
|
|
|
|
|
|
|
| Elevance Health, Inc., 1.50%, 03/15/2026 |
|
|
1,875 |
|
|
|
1,803 |
|
| HCA, Inc., |
|
|
|
|
|
|
|
|
| 3.13%, 03/15/2027 |
|
|
3,820 |
|
|
|
3,712 |
|
| 5.25%, 04/15/2025 |
|
|
1,100 |
|
|
|
1,101 |
|
| 5.38%, 09/01/2026 |
|
|
2,000 |
|
|
|
2,022 |
|
| Humana, Inc., 1.35%, 02/03/2027 |
|
|
900 |
|
|
|
841 |
|
| Roche Holdings, Inc., 2.63%, 05/15/2026 (e) |
|
|
1,866 |
|
|
|
1,828 |
|
| UnitedHealth Group, Inc., 3.85%, 06/15/2028 |
|
|
620 |
|
|
|
617 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,924 |
|
|
|
|
|
|
|
|
|
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pharmaceuticals — 0.8% |
|
|
|
|
|
|
|
|
| AbbVie, Inc., 3.60%, 05/14/2025 |
|
|
1,000 |
|
|
|
994 |
|
| Bayer US Finance II LLC, 4.25%, 12/15/2025 (e) |
|
|
1,800 |
|
|
|
1,787 |
|
| Bristol-Myers Squibb Co., 1.13%, 11/13/2027 |
|
|
755 |
|
|
|
693 |
|
| Pfizer Investment Enterprises Pte Ltd., (Singapore), 4.65%, 05/19/2025 |
|
|
1,600 |
|
|
|
1,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,076 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
36,603 |
|
|
|
|
|
|
|
|
|
|
| Energy — 2.7% |
|
|
|
|
|
|
|
|
| Oil & Gas — 1.0% |
|
|
|
|
|
|
|
|
| BP Capital Markets America, Inc., |
|
|
|
|
|
|
|
|
| 3.02%, 01/16/2027 |
|
|
955 |
|
|
|
933 |
|
| 5.02%, 11/17/2027 |
|
|
1,310 |
|
|
|
1,347 |
|
| Diamondback Energy, Inc., 5.20%, 04/18/2027 |
|
|
3,410 |
|
|
|
3,480 |
|
| Occidental Petroleum Corp., 5.00%, 08/01/2027 |
|
|
830 |
|
|
|
842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,602 |
|
|
|
|
|
|
|
|
|
|
| Pipelines — 1.7% |
|
|
|
|
|
|
|
|
| Enbridge, Inc., (Canada), 5.25%, 04/05/2027 |
|
|
1,295 |
|
|
|
1,325 |
|
| ONEOK, Inc., |
|
|
|
|
|
|
|
|
| 4.55%, 07/15/2028 |
|
|
1,045 |
|
|
|
1,050 |
|
| 5.55%, 11/01/2026 |
|
|
1,500 |
|
|
|
1,534 |
|
| Sabine Pass Liquefaction LLC, |
|
|
|
|
|
|
|
|
| 4.20%, 03/15/2028 |
|
|
705 |
|
|
|
701 |
|
| 5.63%, 03/01/2025 |
|
|
1,582 |
|
|
|
1,583 |
|
| 5.88%, 06/30/2026 |
|
|
2,915 |
|
|
|
2,962 |
|
| Targa Resources Corp., 5.20%, 07/01/2027 |
|
|
1,990 |
|
|
|
2,035 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,190 |
|
|
|
|
|
|
|
|
|
|
| Total Energy |
|
|
|
|
|
|
17,792 |
|
|
|
|
|
|
|
|
|
|
| Financial — 20.8% |
|
|
|
|
|
|
|
|
| Banks — 17.7% |
|
|
|
|
|
|
|
|
| ABN AMRO Bank NV, (Netherlands), (CMT Index 1 Year + 1.55%), 6.58%, 10/13/2026 (e) (aa) |
|
|
1,900 |
|
|
|
1,934 |
|
| Banco Santander SA, (Spain), (United States SOFR + 1.12%), 6.39%, 07/15/2028 (aa) |
|
|
1,000 |
|
|
|
1,001 |
|
| Bank of America Corp., |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.35%), 3.09%, 10/01/2025 (aa) |
|
|
1,400 |
|
|
|
1,400 |
|
| (United States SOFR + 1.75%), 4.83%, 07/22/2026 (aa) |
|
|
4,000 |
|
|
|
4,002 |
|
| (United States SOFR + 1.29%), 5.08%, 01/20/2027 (aa) |
|
|
3,785 |
|
|
|
3,816 |
|
| (United States SOFR + 1.34%), 5.93%, 09/15/2027 (aa) |
|
|
3,200 |
|
|
|
3,294 |
|
| (CME Term SOFR 3 Month + 1.03%), 6.27%, 02/05/2026 (aa) |
|
|
900 |
|
|
|
900 |
|
| Bank of Nova Scotia (The), (Canada), (United States SOFR + 1.00%), 4.40%, 09/08/2028 (aa) |
|
|
1,135 |
|
|
|
1,139 |
|
| Bank of Queensland Ltd., (Australia), |
|
|
|
|
|
|
|
|
| (BBSW ASX Australian 3 Month + 1.10%), 5.58%, 10/29/2025 (aa) |
|
AUD |
700 |
|
|
|
486 |
|
| (BBSW ASX Australian 3 Month + 1.10%), 5.59%, 10/30/2024 (aa) |
|
AUD |
2,000 |
|
|
|
1,384 |
|
| Banque Federative du Credit Mutuel SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 02/04/2025 |
|
|
500 |
|
|
|
493 |
|
| 5.90%, 07/13/2026 (e) |
|
|
1,300 |
|
|
|
1,336 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Barclays plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 2.30%), 5.30%, 08/09/2026 (aa) |
|
|
4,205 |
|
|
|
4,219 |
|
| (CMT Index 1 Year + 3.05%), 7.33%, 11/02/2026 (aa) |
|
|
1,100 |
|
|
|
1,129 |
|
| BNP Paribas SA, (France), |
|
|
|
|
|
|
|
|
| (United States SOFR + 2.07%), 2.22%, 06/09/2026 (e) (aa) |
|
|
1,000 |
|
|
|
981 |
|
| (CME Term SOFR 3 Month + 1.37%), 2.82%, 11/19/2025 (e) (aa) |
|
|
900 |
|
|
|
896 |
|
| BPCE SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (BBSW ASX Australian 3 Month + 1.35%), 5.78%, 09/29/2025 (aa) |
|
AUD |
600 |
|
|
|
417 |
|
| Reg. S, (United States SOFR + 0.57%), 5.83%, 01/14/2025 (aa) |
|
|
700 |
|
|
|
701 |
|
| (United States SOFR + 0.96%), 5.83%, 09/25/2025 (e) (aa) |
|
|
2,140 |
|
|
|
2,150 |
|
| Reg. S, (BBSW ASX Australian 3 Month + 1.60%), 5.99%, 06/05/2025 (aa) |
|
AUD |
1,100 |
|
|
|
765 |
|
| Canadian Imperial Bank of Commerce, (Canada), (United States SOFR + 1.22%), 6.53%, 10/02/2026 (aa) |
|
|
1,000 |
|
|
|
1,010 |
|
| Citibank NA, |
|
|
|
|
|
|
|
|
| 4.93%, 08/06/2026 |
|
|
625 |
|
|
|
634 |
|
| (SOFR Compounded Index + 1.06%), 6.04%, 12/04/2026 (aa) |
|
|
800 |
|
|
|
807 |
|
| Citigroup, Inc., |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.69%), 2.01%, 01/25/2026 (aa) |
|
|
4,250 |
|
|
|
4,207 |
|
| (United States SOFR + 2.84%), 3.11%, 04/08/2026 (aa) |
|
|
800 |
|
|
|
792 |
|
| (United States SOFR + 1.53%), 3.29%, 03/17/2026 (aa) |
|
|
5,490 |
|
|
|
5,445 |
|
| Cooperatieve Rabobank UA, (Netherlands), (CMT Index 1 Year + 0.73%), 1.98%, 12/15/2027 (e) (aa) |
|
|
2,100 |
|
|
|
1,993 |
|
| Credit Agricole SA, (France), Reg. S, (United States SOFR + 0.87%), 5.79%, 03/11/2027 (aa) |
|
|
500 |
|
|
|
502 |
|
| Deutsche Bank AG, (Germany), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.87%), 2.13%, 11/24/2026 (f) (aa) |
|
|
500 |
|
|
|
484 |
|
| (United States SOFR + 2.58%), 3.96%, 11/26/2025 (aa) |
|
|
1,900 |
|
|
|
1,895 |
|
| DNB Bank ASA, (Norway), (SOFR Compounded Index + 1.95%), 5.90%, 10/09/2026 (e) (aa) |
|
|
600 |
|
|
|
607 |
|
| Federation des Caisses Desjardins du Quebec, (Canada), 2.05%, 02/10/2025 (e) |
|
|
500 |
|
|
|
495 |
|
| First Abu Dhabi Bank PJSC, (United Arab Emirates), (BBSW ASX Australian 3 Month + 1.10%), 5.46%, 02/18/2025 (aa) |
|
AUD |
700 |
|
|
|
484 |
|
| Goldman Sachs Bank USA, (United States SOFR + 0.78%), 5.28%, 03/18/2027 (aa) |
|
|
2,110 |
|
|
|
2,137 |
|
| Goldman Sachs Group, Inc. (The), |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.91%), 1.95%, 10/21/2027 (aa) |
|
|
2,325 |
|
|
|
2,216 |
|
| (United States SOFR + 1.85%), 3.62%, 03/15/2028 (aa) |
|
|
3,245 |
|
|
|
3,192 |
|
| 5.70%, 11/01/2024 |
|
|
2,000 |
|
|
|
2,001 |
|
| HSBC Holdings plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.40%), 2.63%, 11/07/2025 (aa) |
|
|
500 |
|
|
|
499 |
|
| (United States SOFR + 1.43%), 3.00%, 03/10/2026 (aa) |
|
|
200 |
|
|
|
198 |
|
| (United States SOFR + 1.51%), 4.18%, 12/09/2025 (aa) |
|
|
1,000 |
|
|
|
997 |
|
| (CME Term SOFR 3 Month + 1.61%), 4.29%, 09/12/2026 (aa) |
|
|
800 |
|
|
|
796 |
|
| (United States SOFR + 1.57%), 5.89%, 08/14/2027 (aa) |
|
|
2,090 |
|
|
|
2,147 |
|
| HSBC USA, Inc., 5.63%, 03/17/2025 |
|
|
1,500 |
|
|
|
1,505 |
|
| ING Bank Australia Ltd., (Australia), Reg. S, (BBSW ASX Australian 3 Month + 0.78%), 5.13%, 05/26/2025 (aa) |
|
AUD |
500 |
|
|
|
347 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| ING Groep NV, (Netherlands), |
|
|
|
|
|
|
|
|
| (SOFR Compounded Index + 1.01%), 5.88%, 04/01/2027 (aa) |
|
|
500 |
|
|
|
502 |
|
| (SOFR Compounded Index + 1.64%), 6.51%, 03/28/2026 (aa) |
|
|
1,000 |
|
|
|
1,006 |
|
| Lloyds Banking Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.00%), 2.44%, 02/05/2026 (aa) |
|
|
400 |
|
|
|
396 |
|
| 4.45%, 05/08/2025 |
|
|
1,800 |
|
|
|
1,794 |
|
| Mitsubishi UFJ Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.13%), 3.84%, 04/17/2026 (aa) |
|
|
400 |
|
|
|
398 |
|
| (United States SOFR + 0.94%), 6.01%, 02/20/2026 (aa) |
|
|
1,000 |
|
|
|
1,002 |
|
| Morgan Stanley, |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.56%), 1.16%, 10/21/2025 (aa) |
|
|
1,400 |
|
|
|
1,397 |
|
| (United States SOFR + 1.61%), 4.21%, 04/20/2028 (aa) |
|
|
870 |
|
|
|
868 |
|
| (United States SOFR + 1.01%), 5.65%, 04/13/2028 (aa) |
|
|
2,165 |
|
|
|
2,234 |
|
| Morgan Stanley Bank NA, |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.08%), 4.95%, 01/14/2028 (aa) |
|
|
4,825 |
|
|
|
4,897 |
|
| 5.88%, 10/30/2026 |
|
|
1,465 |
|
|
|
1,518 |
|
| National Australia Bank Ltd., (Australia), |
|
|
|
|
|
|
|
|
| 4.75%, 12/10/2025 |
|
|
1,450 |
|
|
|
1,460 |
|
| 4.94%, 01/12/2028 |
|
|
710 |
|
|
|
728 |
|
| National Bank of Canada, (Canada), (SOFR Compounded Index + 0.90%), 5.77%, 03/25/2027 (aa) |
|
|
1,000 |
|
|
|
1,002 |
|
| NatWest Markets plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 3.48%, 03/22/2025 (e) |
|
|
1,825 |
|
|
|
1,811 |
|
| 5.42%, 05/17/2027 (e) |
|
|
700 |
|
|
|
718 |
|
| Nordea Bank Abp, (Finland), |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.74%), 5.62%, 03/19/2027 (e) (aa) |
|
|
1,200 |
|
|
|
1,203 |
|
| (United States SOFR + 0.96%), 5.91%, 06/06/2025 (e) (aa) |
|
|
500 |
|
|
|
502 |
|
| Royal Bank of Canada, (Canada), |
|
|
|
|
|
|
|
|
| 5.66%, 10/25/2024 |
|
|
980 |
|
|
|
980 |
|
| (SOFR Compounded Index + 1.08%), 6.30%, 07/20/2026 (aa) |
|
|
2,000 |
|
|
|
2,016 |
|
| Santander Holdings USA, Inc., (United States SOFR + 1.23%), 6.12%, 05/31/2027 (aa) |
|
|
765 |
|
|
|
781 |
|
| Skandinaviska Enskilda Banken AB, (Sweden), 1.40%, 11/19/2025 (e) |
|
|
1,900 |
|
|
|
1,840 |
|
| Societe Generale SA, (France), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.05%), 6.27%, 01/21/2026 (e) (aa) |
|
|
500 |
|
|
|
501 |
|
| Reg. S, (United States SOFR + 1.05%), 6.27%, 01/21/2026 (aa) |
|
|
1,100 |
|
|
|
1,101 |
|
| Standard Chartered plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR USD 3 Month + 1.21%), 2.82%, 01/30/2026 (aa) |
|
|
1,100 |
|
|
|
1,091 |
|
| Reg. S, (United States SOFR + 0.93%), 5.96%, 11/23/2025 (aa) |
|
|
200 |
|
|
|
200 |
|
| (United States SOFR + 1.74%), 6.61%, 03/30/2026 (e) (aa) |
|
|
500 |
|
|
|
503 |
|
| Sumitomo Mitsui Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, (BBSW ASX Australian 3 Month + 1.25%), 5.69%, 10/16/2024 (aa) |
|
AUD |
2,300 |
|
|
|
1,591 |
|
| (United States SOFR + 1.30%), 6.57%, 07/13/2026 (aa) |
|
|
400 |
|
|
|
405 |
|
| Svenska Handelsbanken AB, (Sweden), (BBSW ASX Australian 3 Month + 0.45%), 4.86%, 03/04/2026 (aa) |
|
AUD |
500 |
|
|
|
345 |
|
| Swedbank AB, (Sweden), 6.14%, 09/12/2026 (e) |
|
|
2,400 |
|
|
|
2,477 |
|
| UBS AG, (Switzerland), |
|
|
|
|
|
|
|
|
| 3.70%, 02/21/2025 |
|
|
1,500 |
|
|
|
1,493 |
|
| Reg. S, (BBSW ASX Australian 3 Month + 0.87%), 5.36%, 07/30/2025 (aa) |
|
AUD |
2,100 |
|
|
|
1,457 |
|
| UBS Group AG, (Switzerland), (CMT Index 1 Year + 1.60%), 6.33%, 12/22/2027 (e) (aa) |
|
|
1,435 |
|
|
|
1,494 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Wells Fargo & Co., |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.09%), 2.41%, 10/30/2025 (aa) |
|
|
1,800 |
|
|
|
1,795 |
|
| (United States SOFR + 1.07%), 5.71%, 04/22/2028 (aa) |
|
|
1,265 |
|
|
|
1,306 |
|
| (United States SOFR + 1.07%), 6.28%, 04/22/2028 (aa) |
|
|
745 |
|
|
|
748 |
|
| Wells Fargo Bank NA, (United States SOFR + 0.80%), 5.95%, 08/01/2025 (aa) |
|
|
2,620 |
|
|
|
2,626 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
116,019 |
|
|
|
|
|
|
|
|
|
|
| Diversified Financial Services — 1.4% |
|
|
|
|
|
|
|
|
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust, (Ireland), |
|
|
|
|
|
|
|
|
| 1.65%, 10/29/2024 |
|
|
200 |
|
|
|
200 |
|
| 3.50%, 01/15/2025 |
|
|
1,300 |
|
|
|
1,294 |
|
| Series 3NC1, 1.75%, 10/29/2024 |
|
|
300 |
|
|
|
299 |
|
| American Express Co., (SOFR Compounded Index + 0.93%), 5.91%, 03/04/2025 (aa) |
|
|
1,120 |
|
|
|
1,121 |
|
| Aviation Capital Group LLC, 5.50%, 12/15/2024 (e) |
|
|
700 |
|
|
|
699 |
|
| Avolon Holdings Funding Ltd., (Cayman Islands), 2.88%, 02/15/2025 (e) |
|
|
1,400 |
|
|
|
1,385 |
|
| LeasePlan Corp. NV, (Netherlands), 2.88%, 10/24/2024 (e) |
|
|
1,500 |
|
|
|
1,498 |
|
| Mitsubishi HC Capital, Inc., (Japan), 3.64%, 04/13/2025 (e) |
|
|
300 |
|
|
|
298 |
|
| Nomura Holdings, Inc., (Japan), 1.85%, 07/16/2025 |
|
|
1,900 |
|
|
|
1,857 |
|
| ORIX Corp., (Japan), 3.25%, 12/04/2024 |
|
|
400 |
|
|
|
399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,050 |
|
|
|
|
|
|
|
|
|
|
| Insurance — 1.1% |
|
|
|
|
|
|
|
|
| MassMutual Global Funding II, 5.10%, 04/09/2027 (e) |
|
|
835 |
|
|
|
857 |
|
| New York Life Global Funding, |
|
|
|
|
|
|
|
|
| 3.00%, 01/10/2028 (e) |
|
|
1,030 |
|
|
|
997 |
|
| 5.45%, 09/18/2026 (e) |
|
|
3,790 |
|
|
|
3,895 |
|
| Protective Life Global Funding, 4.34%, 09/13/2027 (e) |
|
|
1,320 |
|
|
|
1,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,070 |
|
|
|
|
|
|
|
|
|
|
| REITS — 0.6% |
|
|
|
|
|
|
|
|
| GLP Capital LP / GLP Financing II, Inc., 5.38%, 04/15/2026 |
|
|
4,230 |
|
|
|
4,247 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
136,386 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 4.1% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 2.3% |
|
|
|
|
|
|
|
|
| BAE Systems plc, (United Kingdom), 5.00%, 03/26/2027 (e) |
|
|
1,415 |
|
|
|
1,438 |
|
| Boeing Co. (The), 4.88%, 05/01/2025 |
|
|
1,800 |
|
|
|
1,793 |
|
| General Dynamics Corp., 2.63%, 11/15/2027 |
|
|
765 |
|
|
|
736 |
|
| L3Harris Technologies, Inc., |
|
|
|
|
|
|
|
|
| 4.40%, 06/15/2028 |
|
|
1,015 |
|
|
|
1,019 |
|
| 5.40%, 01/15/2027 |
|
|
1,995 |
|
|
|
2,047 |
|
| Northrop Grumman Corp., |
|
|
|
|
|
|
|
|
| 2.93%, 01/15/2025 |
|
|
2,000 |
|
|
|
1,987 |
|
| 3.20%, 02/01/2027 |
|
|
936 |
|
|
|
917 |
|
| 3.25%, 01/15/2028 |
|
|
745 |
|
|
|
724 |
|
| RTX Corp., |
|
|
|
|
|
|
|
|
| 2.65%, 11/01/2026 |
|
|
2,000 |
|
|
|
1,941 |
|
| 3.13%, 05/04/2027 |
|
|
1,055 |
|
|
|
1,029 |
|
| 5.75%, 11/08/2026 |
|
|
1,580 |
|
|
|
1,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,260 |
|
|
|
|
|
|
|
|
|
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Engineering & Construction — 0.3% |
|
|
|
|
|
|
|
|
| Sydney Airport Finance Co. Pty Ltd., (Australia), Reg. S, 3.63%, 04/28/2026 |
|
|
1,700 |
|
|
|
1,677 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Construction & Mining — 0.4% |
|
|
|
|
|
|
|
|
| Caterpillar Financial Services Corp., |
|
|
|
|
|
|
|
|
| 5.00%, 05/14/2027 |
|
|
815 |
|
|
|
837 |
|
| (United States SOFR + 0.52%), 5.43%, 06/13/2025 (aa) |
|
|
2,000 |
|
|
|
2,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,841 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Diversified — 0.2% |
|
|
|
|
|
|
|
|
| John Deere Capital Corp., 1.75%, 03/09/2027 |
|
|
1,495 |
|
|
|
1,419 |
|
|
|
|
|
|
|
|
|
|
| Miscellaneous Manufacturers — 0.1% |
|
|
|
|
|
|
|
|
| Incitec Pivot Ltd., (Australia), Reg. S, 4.30%, 03/18/2026 |
|
AUD |
700 |
|
|
|
479 |
|
|
|
|
|
|
|
|
|
|
| Packaging & Containers — 0.1% |
|
|
|
|
|
|
|
|
| Berry Global, Inc., 4.88%, 07/15/2026 (e) |
|
|
838 |
|
|
|
837 |
|
|
|
|
|
|
|
|
|
|
| Transportation — 0.7% |
|
|
|
|
|
|
|
|
| Canadian Pacific Railway Co., (Canada), 1.35%, 12/02/2024 |
|
|
3,540 |
|
|
|
3,517 |
|
| Norfolk Southern Corp., 2.90%, 06/15/2026 |
|
|
1,255 |
|
|
|
1,229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,746 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
27,259 |
|
|
|
|
|
|
|
|
|
|
| Technology — 2.1% |
|
|
|
|
|
|
|
|
| Semiconductors — 0.8% |
|
|
|
|
|
|
|
|
| Broadcom, Inc., |
|
|
|
|
|
|
|
|
| 3.46%, 09/15/2026 |
|
|
1,740 |
|
|
|
1,716 |
|
| 3.63%, 10/15/2024 |
|
|
1,000 |
|
|
|
999 |
|
| QUALCOMM, Inc., 3.25%, 05/20/2027 |
|
|
920 |
|
|
|
905 |
|
| Renesas Electronics Corp., (Japan), 1.54%, 11/26/2024 (e) |
|
|
1,900 |
|
|
|
1,889 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,509 |
|
|
|
|
|
|
|
|
|
|
| Software — 1.3% |
|
|
|
|
|
|
|
|
| Oracle Corp., |
|
|
|
|
|
|
|
|
| 1.65%, 03/25/2026 |
|
|
2,690 |
|
|
|
2,586 |
|
| 2.80%, 04/01/2027 |
|
|
1,470 |
|
|
|
1,423 |
|
| 2.95%, 11/15/2024 |
|
|
1,000 |
|
|
|
997 |
|
| 2.95%, 05/15/2025 |
|
|
1,000 |
|
|
|
989 |
|
| VMware LLC, |
|
|
|
|
|
|
|
|
| 1.40%, 08/15/2026 |
|
|
1,990 |
|
|
|
1,885 |
|
| 3.90%, 08/21/2027 |
|
|
750 |
|
|
|
742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,622 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
14,131 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 2.1% |
|
|
|
|
|
|
|
|
| Electric — 2.1% |
|
|
|
|
|
|
|
|
| Ausgrid Finance Pty Ltd., (Australia), Reg. S, (BBSW ASX Australian 3 Month + 1.22%), 5.71%, 10/30/2024 (aa) |
|
AUD |
1,500 |
|
|
|
1,037 |
|
| Duke Energy Corp., 2.65%, 09/01/2026 |
|
|
2,489 |
|
|
|
2,420 |
|
| Edison International, 4.70%, 08/15/2025 |
|
|
200 |
|
|
|
199 |
|
| Enel Finance International NV, (Netherlands), 4.50%, 06/15/2025 (e) |
|
|
300 |
|
|
|
299 |
|
| Israel Electric Corp. Ltd., (Israel), Series 6, Reg. S, 5.00%, 11/12/2024 (e) |
|
|
1,800 |
|
|
|
1,798 |
|
| Korea Southern Power Co. Ltd., (South Korea), (BBSW ASX Australian 3 Month + 0.97%), 5.46%, 10/30/2024 (aa) |
|
AUD |
500 |
|
|
|
346 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| National Rural Utilities Cooperative Finance Corp., 4.12%, 09/16/2027 |
|
|
850 |
|
|
|
856 |
|
| NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
| 3.55%, 05/01/2027 |
|
|
1,545 |
|
|
|
1,523 |
|
| 4.63%, 07/15/2027 |
|
|
1,200 |
|
|
|
1,218 |
|
| Southern California Edison Co., |
|
|
|
|
|
|
|
|
| 4.40%, 09/06/2026 |
|
|
1,195 |
|
|
|
1,204 |
|
| 5.85%, 11/01/2027 |
|
|
1,595 |
|
|
|
1,675 |
|
| Southern Co. (The), 5.11%, 08/01/2027 |
|
|
1,105 |
|
|
|
1,130 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
13,705 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds
(Cost $323,272) |
|
|
|
|
|
|
326,463 |
|
|
|
|
|
|
|
|
|
|
| Foreign Government Security — 0.1% |
|
|
|
|
|
|
|
|
Export-Import Bank of Korea, (South Korea), 4.88%, 01/11/2026
(Cost $499) |
|
|
500 |
|
|
|
505 |
|
|
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities — 0.9% |
|
|
|
|
|
|
|
|
| FNMA or FHLMC, Single Family, 30 years, TBA, 5.50%, 11/01/2050 (w) |
|
|
4,400 |
|
|
|
4,453 |
|
| FNMA Pool, 2.80%, 06/01/2025 |
|
|
1,327 |
|
|
|
1,308 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Cost $5,773) |
|
|
|
|
|
|
5,761 |
|
|
|
|
|
|
|
|
|
|
| U.S. Government Agency Securities — 0.5% |
|
|
|
|
|
|
|
|
| FHLMC, |
|
|
|
|
|
|
|
|
| 5.08%, 10/25/2024 |
|
|
1,000 |
|
|
|
1,000 |
|
| 5.55%, 07/30/2027 |
|
|
1,400 |
|
|
|
1,399 |
|
| FNMA, 4.00%, 02/28/2025 |
|
|
1,000 |
|
|
|
998 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency Securities
(Cost $3,400) |
|
|
|
|
|
|
3,397 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 9.5% |
|
|
|
|
|
|
|
|
| U.S. Treasury Inflation Indexed Note, 2.13%, 04/15/2029 |
|
|
8,644 |
|
|
|
8,877 |
|
| U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
| 1.38%, 01/31/2025 |
|
|
8,665 |
|
|
|
8,575 |
|
| 2.75%, 06/30/2025 |
|
|
24,000 |
|
|
|
23,769 |
|
| 3.88%, 04/30/2025 |
|
|
21,285 |
|
|
|
21,232 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations
(Cost $61,987) |
|
|
|
|
|
|
62,453 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments — 14.1% |
|
|
|
|
|
|
|
|
| Certificate of Deposit — 0.6% |
|
|
|
|
|
|
|
|
| Bayerische Landesbank, (Germany), 4.66%, 08/28/2025 (n) |
|
|
4,000 |
|
|
|
4,013 |
|
|
|
|
|
|
|
|
|
|
| Commercial Papers — 4.2% |
|
|
|
|
|
|
|
|
| Banco Santader SA, (Spain), 5.60%, 04/07/2025 (e) (n) |
|
|
2,500 |
|
|
|
2,442 |
|
| Barclays Capital, Inc., 5.47%, 02/11/2025 (e) (n) |
|
|
4,250 |
|
|
|
4,178 |
|
| BofA Securities, Inc., |
|
|
|
|
|
|
|
|
| 5.15%, 07/25/2025 (e) (n) |
|
|
3,000 |
|
|
|
2,897 |
|
| 5.54%, 06/06/2025 (e) (n) |
|
|
2,000 |
|
|
|
1,941 |
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Short-Term Investments — continued |
|
|
|
|
|
|
|
|
| Commercial Papers — continued |
|
|
|
|
|
|
|
|
| HSBC USA, Inc., |
|
|
|
|
|
|
|
|
| 5.48%, 07/25/2025 (e) (n) |
|
|
2,500 |
|
|
|
2,408 |
|
| 6.52%, 10/11/2024 (e) (n) |
|
|
2,000 |
|
|
|
1,997 |
|
| LVMH Moet Hennessy Louis Vuitton SE, (France), 5.36%, 11/15/2024 (e) (n) |
|
|
5,000 |
|
|
|
4,970 |
|
| Macquarie Bank Ltd., (Australia), 4.73%, 05/27/2025 (e) (n) |
|
|
3,000 |
|
|
|
2,916 |
|
| Sempra, 5.68%, 11/12/2024 (e) (n) |
|
|
2,000 |
|
|
|
1,988 |
|
| Westpac Securities NZ Ltd., (United Kingdom), 5.49%, 05/16/2025 (e) (n) |
|
|
2,000 |
|
|
|
1,946 |
|
|
|
|
|
|
|
|
|
|
| Total Commercial Papers |
|
|
|
|
|
|
27,683 |
|
|
|
|
|
|
|
|
|
|
| Repurchase Agreement — 1.2% |
|
|
|
|
|
|
|
|
| BofA Securities, Inc., 4.95%, dated 09/30/2024 due 10/01/2024, repurchase price $8,000 collateralized by U.S. Treasury Security, 4.13%, due 03/31/2029, with a value of $1,011 |
|
|
8,000 |
|
|
|
8,000 |
|
|
|
|
|
|
|
|
|
|
| Time Deposits — 0.6% |
|
|
|
|
|
|
|
|
| Australia & New Zealand Banking Group Ltd., 2.90%, 10/01/2024 |
|
AUD |
147 |
|
|
|
101 |
|
| Citibank NA, |
|
|
|
|
|
|
|
|
| 2.33%, 10/01/2024 |
|
EUR |
857 |
|
|
|
954 |
|
| 4.18%, 10/01/2024 |
|
|
184 |
|
|
|
184 |
|
| Royal Bank of Canada, |
|
|
|
|
|
|
|
|
| 3.03%, 10/01/2024 |
|
CAD |
47 |
|
|
|
34 |
|
| 3.91%, 10/01/2024 |
|
GBP |
257 |
|
|
|
344 |
|
| 4.18%, 10/01/2024 |
|
|
193 |
|
|
|
193 |
|
| Sumitomo Mitsui Banking Corp., 0.01%, 10/01/2024 |
|
JPY |
77 |
|
|
|
1 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
2,193 |
|
|
|
2,193 |
|
|
|
|
|
|
|
|
|
|
| Total Time Deposits |
|
|
|
|
|
|
4,004 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 7.5% |
|
|
|
|
|
|
|
|
| U.S. Treasury Bills, |
|
|
|
|
|
|
|
|
| 3.92%, 09/04/2025 (n) |
|
|
23,500 |
|
|
|
22,651 |
|
| 4.33%, 03/27/2025 (n) |
|
|
10,000 |
|
|
|
9,790 |
|
| 4.54%, 12/19/2024 (n) (ii) |
|
|
205 |
|
|
|
203 |
|
| 4.74%, 07/10/2025 (n) |
|
|
14,000 |
|
|
|
13,574 |
|
| 5.19%, 10/08/2024 (n) |
|
|
437 |
|
|
|
437 |
|
| 5.19%, 10/03/2024 (n) |
|
|
32 |
|
|
|
32 |
|
| 5.23%, 10/24/2024 (n) |
|
|
2,500 |
|
|
|
2,492 |
|
| 5.23%, 10/01/2024 (n) |
|
|
27 |
|
|
|
27 |
|
| 5.27%, 10/10/2024 (n) |
|
|
4 |
|
|
|
4 |
|
|
|
|
|
|
|
|
|
|
| Total U.S. Treasury Obligations |
|
|
|
|
|
|
49,210 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $92,752) |
|
|
|
|
|
|
92,910 |
|
|
|
|
|
|
|
|
|
|
Total Investments — 100.6%
(Cost - $655,406)* |
|
|
|
|
|
|
660,399 |
|
| Liabilities in Excess of Other Assets — (0.6)% |
|
|
|
|
|
|
(4,046 |
) |
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
656,353 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Australia 3-Year Bond |
|
|
51 |
|
|
|
12/2024 |
|
|
|
AUD |
|
|
|
3,784 |
|
|
|
(5 |
) |
| Australia 10-Year Bond |
|
|
96 |
|
|
|
12/2024 |
|
|
|
AUD |
|
|
|
7,778 |
|
|
|
(53 |
) |
| Long Gilt |
|
|
28 |
|
|
|
12/2024 |
|
|
|
GBP |
|
|
|
3,703 |
|
|
|
(18 |
) |
| SOFR 3 Month |
|
|
212 |
|
|
|
09/2025 |
|
|
|
USD |
|
|
|
51,365 |
|
|
|
(66 |
) |
| U.S. Treasury 5 Year Note |
|
|
45 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
4,974 |
|
|
|
(29 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(171 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury 2 Year Note |
|
|
(291 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(60,593 |
) |
|
|
(5 |
) |
| U.S. Treasury 5 Year Note |
|
|
(384 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(42,163 |
) |
|
|
(32 |
) |
| U.S. Treasury 10 Year Note |
|
|
(88 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(10,047 |
) |
|
|
(10 |
) |
| U.S. Treasury Ultra Bond |
|
|
(35 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(4,720 |
) |
|
|
62 |
|
| U.S. Ultra Treasury 10 Year Note |
|
|
(68 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(8,046 |
) |
|
|
2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(154 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| AUD |
|
|
965 |
|
|
USD |
|
|
651 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
16 |
|
| AUD |
|
|
17,083 |
|
|
USD |
|
|
11,755 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
56 |
|
| AUD |
|
|
1,391 |
|
|
USD |
|
|
952 |
|
|
Deutsche Bank AG |
|
|
10/02/2024 |
|
|
|
9 |
|
| USD |
|
|
1,448 |
|
|
CAD |
|
|
1,951 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
6 |
|
| USD |
|
|
722 |
|
|
EUR |
|
|
645 |
|
|
Nomura International plc |
|
|
12/18/2024 |
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation |
|
|
|
|
|
|
|
|
|
88 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| USD |
|
|
502 |
|
|
AUD |
|
|
737 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(7 |
) |
| USD |
|
|
12,723 |
|
|
AUD |
|
|
18,702 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
(207 |
) |
| CAD |
|
|
269 |
|
|
USD |
|
|
200 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
(1 |
) |
| USD |
|
|
3,774 |
|
|
GBP |
|
|
2,860 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
(51 |
) |
| USD |
|
|
11,761 |
|
|
AUD |
|
|
17,083 |
|
|
Barclays Bank plc |
|
|
11/04/2024 |
|
|
|
(56 |
) |
| USD |
|
|
3,822 |
|
|
GBP |
|
|
2,860 |
|
|
Barclays Bank plc |
|
|
11/04/2024 |
|
|
|
(3 |
) |
| USD |
|
|
281 |
|
|
EUR |
|
|
252 |
|
|
UBS AG LONDON |
|
|
12/18/2024 |
|
|
|
— |
(h) |
| USD |
|
|
17,063 |
|
|
EUR |
|
|
15,283 |
|
|
UBS AG LONDON |
|
|
12/18/2024 |
|
|
|
(3 |
) |
| USD |
|
|
709 |
|
|
GBP |
|
|
542 |
|
|
UBS AG LONDON |
|
|
12/18/2024 |
|
|
|
(15 |
) |
| USD |
|
|
7,840 |
|
|
GBP |
|
|
5,975 |
|
|
UBS AG LONDON |
|
|
12/18/2024 |
|
|
|
(146 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized depreciation |
|
|
|
|
|
|
(489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized appreciation (depreciation) |
|
|
|
|
|
|
(401 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024
|
|
|
|
|
| ASX |
|
— |
|
Australian Stock Exchange |
| BBSW |
|
— |
|
Bank Bill Swap Rate |
| CLO |
|
— |
|
Collateralized Loan Obligations |
| CMT |
|
— |
|
Constant Maturity Treasury |
| FHLMC |
|
— |
|
Federal Home Loan Mortgage Corp. |
| FNMA |
|
— |
|
Federal National Mortgage Association |
| GNMA |
|
— |
|
Government National Mortgage Association |
| ICE |
|
— |
|
Intercontinental Exchange |
| LIBOR |
|
— |
|
London Interbank Offered Rate |
| Reg. S |
|
— |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), which exempts from registration securities offered and sold outside of the United States. Such a security
cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act, or pursuant to an exemption from registration. |
| REMICS |
|
— |
|
Real Estate Mortgage Investment Conduit |
| SOFR |
|
— |
|
Secured Overnight Financing Rate |
| SONIA |
|
— |
|
Sterling Overnight Interbank Average Rate |
| SUB |
|
— |
|
Step-Up Bond. The interest rate shown is the rate in effect as of September 30, 2024. |
| TBA |
|
— |
|
To Be Announced |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may
be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (f) |
|
— |
|
Security is exempt from registration under Rule 144A or Section 4 (a) (2) of the Securities Act of 1933, as amended. |
| (h) |
|
— |
|
Amount rounds to less than 500 shares or principal/ $500. |
| (n) |
|
— |
|
The rate shown is the effective yield as of September 30, 2024. |
| (w) |
|
— |
|
All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment. |
| (z) |
|
— |
|
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
September 30, 2024. |
| (aa) |
|
— |
|
Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of September 30, 2024 |
| (cc) |
|
— |
|
Security is valued in good faith at fair value by or under the direction of the Board of Trustees. |
| (ii) |
|
— |
|
Approximately $203 of these investments are restricted as collateral for forwards to various brokers. |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| AUD |
|
— |
|
Australian Dollar |
| CAD |
|
— |
|
Canadian Dollar |
| EUR |
|
— |
|
Euro |
| GBP |
|
— |
|
British Pound |
| JPY |
|
— |
|
Japanese Yen |
| NZD |
|
— |
|
New Zealand Dollar |
| USD |
|
— |
|
United States Dollar |
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — 8.6% |
|
|
|
|
|
|
|
|
| American Express Credit Account Master Trust, Series 2022-2, Class A, 3.39%, 05/15/2027 |
|
|
1,200 |
|
|
|
1,191 |
|
| Avis Budget Rental Car Funding AESOP LLC, Series 2024-1A, Class A, 5.36%, 06/20/2030 (e) |
|
|
2,000 |
|
|
|
2,054 |
|
| Bank of America Auto Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1A, Class A2, 5.83%, 05/15/2026 (e) |
|
|
350 |
|
|
|
351 |
|
| Series 2023-2A, Class A2, 5.85%, 08/17/2026 (e) |
|
|
1,659 |
|
|
|
1,664 |
|
| BMW Canada Auto Trust, (Canada), |
|
|
|
|
|
|
|
|
| Series 2023-1A, Class A1, 5.43%, 01/20/2026 (e) |
|
CAD |
142 |
|
|
|
106 |
|
| Series 2024-1A, Class A1, 5.03%, 04/20/2026 (e) |
|
CAD |
451 |
|
|
|
337 |
|
| Capital One Multi-Asset Execution Trust, |
|
|
|
|
|
|
|
|
| Series 2021-A3, Class A3, 1.04%, 11/15/2026 |
|
|
1,300 |
|
|
|
1,294 |
|
| Series 2022-A1, Class A1, 2.80%, 03/15/2027 |
|
|
2,400 |
|
|
|
2,379 |
|
| Series 2022-A2, Class A, 3.49%, 05/15/2027 |
|
|
500 |
|
|
|
496 |
|
| CARDS II Trust, (Canada), Series 2023-2A, Class A, (United States SOFR + 0.85%), 5.87%, 07/15/2028 (e) (aa) |
|
|
1,500 |
|
|
|
1,503 |
|
| Carmax Auto Owner Trust, Series 2023-3, Class A2A, 5.72%, 11/16/2026 |
|
|
505 |
|
|
|
507 |
|
| CarMax Auto Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2023-4, Class A2A, 6.08%, 12/15/2026 |
|
|
821 |
|
|
|
826 |
|
| Series 2024-1, Class A2A, 5.30%, 03/15/2027 |
|
|
1,922 |
|
|
|
1,927 |
|
| Series 2024-2, Class A2A, 5.65%, 05/17/2027 |
|
|
1,100 |
|
|
|
1,107 |
|
| Carvana Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-P4, Class A2, 6.23%, 01/11/2027 (e) |
|
|
248 |
|
|
|
248 |
|
| Series 2024-P3, Class A2, 4.61%, 11/10/2027 |
|
|
1,000 |
|
|
|
1,001 |
|
| Citibank Credit Card Issuance Trust, |
|
|
|
|
|
|
|
|
| Series 2017-A6, Class A6, (CME Term SOFR 1 Month + 0.88%), 5.98%, 05/14/2029 (aa) |
|
|
2,000 |
|
|
|
2,021 |
|
| Series 2018-A5, Class A5, (CME Term SOFR 1 Month + 0.72%), 5.84%, 08/07/2027 (aa) |
|
|
1,000 |
|
|
|
1,003 |
|
| Series 2023-A1, Class A1, 5.23%, 12/08/2027 |
|
|
2,300 |
|
|
|
2,325 |
|
| Citizens Auto Receivables Trust, Series 2023-1, Class A3, 5.84%, 01/18/2028 (e) |
|
|
2,100 |
|
|
|
2,131 |
|
| CNH Equipment Trust, Series 2023-B, Class A2, 5.90%, 02/16/2027 |
|
|
350 |
|
|
|
351 |
|
| Daimler Trucks Retail Trust, Series 2023-1, Class A2, 6.03%, 09/15/2025 |
|
|
225 |
|
|
|
226 |
|
| Dell Equipment Finance Trust, Series 2023-2, Class A2, 5.84%, 01/22/2029 (e) |
|
|
208 |
|
|
|
209 |
|
| ELFI Graduate Loan Program LLC, Series 2021-A, Class A, 1.53%, 12/26/2046 (e) |
|
|
681 |
|
|
|
606 |
|
| Enterprise Fleet Financing LLC, Series 2022-1, Class A2, 3.03%, 01/20/2028 (e) |
|
|
209 |
|
|
|
208 |
|
| Ford Credit Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2023-B, Class A2B, (United States 30 Day Average SOFR + 0.59%), 5.93%, 02/15/2026 (aa) |
|
|
605 |
|
|
|
605 |
|
| Series 2024-B, Class A2B, (United States 30 Day Average SOFR + 0.40%), 5.74%, 02/15/2027 (aa) |
|
|
1,000 |
|
|
|
999 |
|
| Ford Credit Auto Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2024-B, Class A2A, 5.40%, 04/15/2027 |
|
|
1,500 |
|
|
|
1,512 |
|
| Series 2024-C, Class A2A, 4.32%, 08/15/2027 |
|
|
2,000 |
|
|
|
2,000 |
|
| GM Financial Automobile Leasing Trust, |
|
|
|
|
|
|
|
|
| Series 2023-2, Class A2A, 5.44%, 10/20/2025 |
|
|
162 |
|
|
|
162 |
|
| Series 2024-3, Class A2A, 4.29%, 01/20/2027 (w) |
|
|
1,700 |
|
|
|
1,699 |
|
| GM Financial Consumer Automobile Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-2, Class A2A, 5.10%, 05/18/2026 |
|
|
247 |
|
|
|
247 |
|
| Series 2023-2, Class A2B, (United States 30 Day Average SOFR + 0.75%), 6.09%, 05/18/2026 (aa) |
|
|
247 |
|
|
|
247 |
|
| Series 2023-4, Class A2A, 5.89%, 11/16/2026 |
|
|
557 |
|
|
|
560 |
|
| GMF Canada Leasing Trust, (Canada), Series 2024-1A, Class A1, 4.98%, 02/20/2026 (e) |
|
CAD |
610 |
|
|
|
452 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Harley-Davidson Motorcycle Trust, |
|
|
|
|
|
|
|
|
| Series 2024-A, Class A2, 5.65%, 02/16/2027 |
|
|
1,000 |
|
|
|
1,004 |
|
| Series 2024-B, Class A2, 4.62%, 08/16/2027 |
|
|
2,000 |
|
|
|
2,000 |
|
| Hertz Vehicle Financing III LLC, Series 2023-1A, Class A, 5.49%, 06/25/2027 (e) |
|
|
2,000 |
|
|
|
2,021 |
|
| Hyundai Auto Receivables Trust, Series 2023-A, Class A2A, 5.19%, 12/15/2025 |
|
|
144 |
|
|
|
144 |
|
| M&T Equipment Notes, Series 2023-1A, Class A2, 6.09%, 07/15/2030 (e) |
|
|
368 |
|
|
|
369 |
|
| Master Credit Card Trust II, (Canada), Series 2023-1A, Class A, 4.70%, 06/21/2027 (e) |
|
|
600 |
|
|
|
602 |
|
| MBarc Credit Canada, Inc., (Canada), Series 2024-AA, Class A2, 5.30%, 10/15/2026 (e) |
|
CAD |
800 |
|
|
|
595 |
|
| Mercedes-Benz Auto Lease Trust, Series 2024-B, Class A2A, 4.57%, 12/15/2026 |
|
|
1,100 |
|
|
|
1,101 |
|
| Mercedes-Benz Auto Receivables Trust, Series 2023-1, Class A3, 4.51%, 11/15/2027 |
|
|
1,183 |
|
|
|
1,183 |
|
| Navient Private Education Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2018-BX, Class A2B, Reg. S, (CME Term SOFR 1 Month + 0.83%), 5.93%, 12/15/2059 (aa) |
|
|
395 |
|
|
|
395 |
|
| Series 2020-A, Class A2B, (CME Term SOFR 1 Month + 1.01%), 6.11%, 11/15/2068 (e) (aa) |
|
|
720 |
|
|
|
717 |
|
| Nelnet Student Loan Trust, Series 2019-2A, Class A, (United States 30 Day Average SOFR + 1.01%), 6.29%, 06/27/2067 (e) (aa) |
|
|
577 |
|
|
|
577 |
|
| Nissan Auto Lease Trust, Series 2024-B, Class A3, 4.92%, 11/15/2027 |
|
|
600 |
|
|
|
610 |
|
| Oscar US Funding XVII LLC, Series 2024-2A, Class A2, 4.63%, 12/10/2027 (e) |
|
|
1,000 |
|
|
|
1,000 |
|
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-WCW2, Class M2, (CME Term SOFR 1 Month + 0.91%), 5.76%, 07/25/2035 (aa) |
|
|
260 |
|
|
|
258 |
|
| Pawnee Equipment Receivables Series LLC, Series 2021-1, Class A2, 1.10%, 07/15/2027 (e) |
|
|
54 |
|
|
|
54 |
|
| PRET LLC, |
|
|
|
|
|
|
|
|
| Series 2021-NPL3, Class A1, SUB, 4.87%, 07/25/2051 (e) |
|
|
568 |
|
|
|
561 |
|
| Series 2021-NPL6, Class A1, SUB, 2.49%, 07/25/2051 (e) |
|
|
178 |
|
|
|
178 |
|
| Pretium Mortgage Credit Partners LLC, Series 2021-RN1, Class A1, SUB, 4.99%, 02/25/2061 (e) |
|
|
170 |
|
|
|
170 |
|
| SBNA Auto Lease Trust, Series 2024-C, Class A3, 4.56%, 02/22/2028 (e) |
|
|
900 |
|
|
|
902 |
|
| SLM Student Loan Trust, Series 2004-10, Class A7B, (United States 90 Day Average SOFR + 0.86%), 6.22%, 10/25/2029 (e) (aa) |
|
|
20 |
|
|
|
20 |
|
| SMB Private Education Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2016-C, Class A2A, 2.34%, 09/15/2034 (e) |
|
|
60 |
|
|
|
59 |
|
| Series 2020-PTA, Class A2A, 1.60%, 09/15/2054 (e) |
|
|
334 |
|
|
|
311 |
|
| Series 2022-C, Class A1B, (United States 30 Day Average SOFR + 1.85%), 7.19%, 05/16/2050 (e) (aa) |
|
|
262 |
|
|
|
266 |
|
| Series 2023-A, Class A1A, 5.38%, 01/15/2053 (e) |
|
|
149 |
|
|
|
153 |
|
| Synchrony Card Funding LLC, Series 2023-A1, Class A, 5.54%, 07/15/2029 |
|
|
1,000 |
|
|
|
1,021 |
|
| Tesla Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2023-B, Class A2, 6.02%, 09/22/2025 (e) |
|
|
319 |
|
|
|
320 |
|
| Series 2024-A, Class A2A, 5.37%, 06/22/2026 (e) |
|
|
1,620 |
|
|
|
1,623 |
|
| Towd Point Asset Trust, Series 2021-SL1, Class A2, (CME Term SOFR 1 Month + 0.81%), 5.78%, 11/20/2061 (e) (aa) |
|
|
103 |
|
|
|
103 |
|
| Toyota Auto Loan Extended Note Trust, Series 2020-1A, Class A, 1.35%, 05/25/2033 (e) |
|
|
1,800 |
|
|
|
1,762 |
|
| Toyota Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2022-C, Class A3, 3.76%, 04/15/2027 |
|
|
872 |
|
|
|
868 |
|
| Series 2023-A, Class A3, 4.63%, 09/15/2027 |
|
|
200 |
|
|
|
201 |
|
| Series 2023-C, Class A2A, 5.60%, 08/17/2026 |
|
|
256 |
|
|
|
256 |
|
| Toyota Lease Owner Trust, Series 2023-B, Class A2A, 5.73%, 04/20/2026 (e) |
|
|
694 |
|
|
|
697 |
|
| Trillium Credit Card Trust II, (Canada), Series 2023-3A, Class A, (United States SOFR + 0.85%), 5.70%, 08/26/2028 (e) (aa) |
|
|
2,000 |
|
|
|
2,006 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Verizon Master Trust, |
|
|
|
|
|
|
|
|
| Series 2024-1, Class A1A, 5.00%, 12/20/2028 |
|
|
2,000 |
|
|
|
2,015 |
|
| Series 2024-6, Class A1B, (United States 30 Day Average SOFR + 0.67%), 0.00%, 08/20/2030 (aa) |
|
|
1,100 |
|
|
|
1,101 |
|
| Volkswagen Auto Lease Trust, Series 2023-A, Class A2A, 5.87%, 01/20/2026 |
|
|
513 |
|
|
|
514 |
|
| Volkswagen Auto Loan Enhanced Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A2A, 5.50%, 12/21/2026 |
|
|
443 |
|
|
|
444 |
|
| Series 2023-2, Class A2A, 5.72%, 03/22/2027 |
|
|
1,710 |
|
|
|
1,720 |
|
| World Omni Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-A, Class A2A, 5.18%, 07/15/2026 |
|
|
148 |
|
|
|
148 |
|
| Series 2023-B, Class A2A, 5.25%, 11/16/2026 |
|
|
268 |
|
|
|
268 |
|
| Series 2024-B, Class A2A, 5.48%, 09/15/2027 |
|
|
600 |
|
|
|
604 |
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(Cost $65,246) |
|
|
|
|
|
|
65,475 |
|
|
|
|
|
|
|
|
|
|
| Certificates of Deposit — 0.3% |
|
|
|
|
|
|
|
|
| Financial — 0.3% |
|
|
|
|
|
|
|
|
| Banks — 0.3% |
|
|
|
|
|
|
|
|
| Mizuho Bank Ltd., (Japan), |
|
|
|
|
|
|
|
|
| (BBSW ASX Australian 3 Month + 0.54%), 4.92%, 02/21/2025 (aa) |
|
AUD |
1,500 |
|
|
|
1,038 |
|
| (BBSW ASX Australian 3 Month + 0.85%), 5.27%, 09/14/2026 (aa) |
|
AUD |
600 |
|
|
|
416 |
|
| MUFG Bank Ltd., (Japan), (BBSW ASX Australian 3 Month + 0.87%), 5.23%, 02/17/2026 (aa) |
|
AUD |
700 |
|
|
|
486 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
1,940 |
|
|
|
|
|
|
|
|
|
|
Total Certificates of Deposit
(Cost $1,849) |
|
|
|
|
|
|
1,940 |
|
|
|
|
|
|
|
|
|
|
| Collateralized Mortgage Obligations — 2.8% |
|
|
|
|
|
|
|
|
| Avon Finance, (United Kingdom), Series 4A, Class A, (SONIA Interest Rate Benchmark + 0.90%), 5.88%, 12/28/2049 (e) (aa) |
|
GBP |
989 |
|
|
|
1,323 |
|
| Cheshire plc, (United Kingdom), Series 2020-1, Class A, Reg. S, (SONIA Interest Rate Benchmark + 0.90%), 5.88%, 08/20/2045 (aa) |
|
GBP |
308 |
|
|
|
412 |
|
| CSMC Trust, Series 2021-RPL4, Class A1, 4.07%, 12/27/2060 (e) (z) |
|
|
262 |
|
|
|
261 |
|
| FHLMC REMICS, Series 5426, Class BF, (United States 30 Day Average SOFR + 0.90%), 6.25%, 04/15/2049 (aa) |
|
|
466 |
|
|
|
459 |
|
| FNMA REMICS, |
|
|
|
|
|
|
|
|
| Series 2018-82, Class W, 6.76%, 11/25/2058 (z) |
|
|
225 |
|
|
|
231 |
|
| Series 2020-29, Class FC, (United States 30 Day Average SOFR + 0.91%), 6.27%, 05/25/2050 (aa) |
|
|
1,267 |
|
|
|
1,262 |
|
| Series 2022-8, Class D, 2.00%, 08/25/2038 |
|
|
1,141 |
|
|
|
1,068 |
|
| Series 2024-38, Class FA, (United States 30 Day Average SOFR + 0.80%), 6.15%, 01/25/2051 (aa) |
|
|
909 |
|
|
|
921 |
|
| GNMA, |
|
|
|
|
|
|
|
|
| Series 2015-H04, Class FA, (CME Term SOFR 1 Month + 0.76%), 6.12%, 12/20/2064 (aa) |
|
|
828 |
|
|
|
827 |
|
| Series 2017-121, Class PE, 3.00%, 07/20/2046 |
|
|
132 |
|
|
|
130 |
|
| Series 2018-H18, Class FC, (CME Term SOFR 1 Month + 0.46%), 5.82%, 08/20/2065 (aa) |
|
|
278 |
|
|
|
277 |
|
| Series 2019-54, Class KF, (CME Term SOFR 1 Month + 0.53%), 5.74%, 05/20/2044 (aa) |
|
|
314 |
|
|
|
306 |
|
| Series 2021-H09, Class FG, (United States 30 Day Average SOFR + 1.50%), 6.85%, 06/20/2071 (aa) |
|
|
1,474 |
|
|
|
1,504 |
|
| Series 2022-5, Class FA, (United States 30 Day Average SOFR + 0.30%), 3.50%, 01/20/2052 (aa) |
|
|
816 |
|
|
|
731 |
|
| Series 2022-H01, Class FA, (United States 30 Day Average SOFR + 0.35%), 5.70%, 01/20/2072 (aa) |
|
|
779 |
|
|
|
759 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| Series 2023-H02, Class FA, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2073 (aa) |
|
|
399 |
|
|
|
391 |
|
| Series 2023-H12, Class FA, (United States 30 Day Average SOFR + 1.00%), 6.35%, 05/20/2073 (aa) |
|
|
1,971 |
|
|
|
1,993 |
|
| Series 2023-H26, Class DF, (United States 30 Day Average SOFR + 0.30%), 5.65%, 09/20/2073 (aa) |
|
|
1,606 |
|
|
|
1,595 |
|
| Series 2023-H27, Class FD, (United States 30 Day Average SOFR + 1.10%), 6.45%, 11/20/2073 (aa) |
|
|
501 |
|
|
|
510 |
|
| Series 2024-H01, Class FB, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2074 (aa) |
|
|
1,004 |
|
|
|
1,010 |
|
| Series 2024-H02, Class FH, (United States 30 Day Average SOFR + 0.93%), 6.28%, 01/20/2074 (aa) |
|
|
1,207 |
|
|
|
1,216 |
|
| GS Mortgage-Backed Securities Corp. Trust, Series 2021-RPL1, Class A1, 1.75%, 12/25/2060 (e) (z) |
|
|
200 |
|
|
|
187 |
|
| Legacy Mortgage Asset Trust, Series 2021-GS3, Class A1, SUB, 4.75%, 07/25/2061 (e) |
|
|
1,078 |
|
|
|
1,069 |
|
| MFA Trust, Series 2021-RPL1, Class A1, 1.13%, 07/25/2060 (e) (z) |
|
|
331 |
|
|
|
300 |
|
| New Residential Mortgage Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2018-3A, Class A1, 4.50%, 05/25/2058 (e) (z) |
|
|
88 |
|
|
|
87 |
|
| Series 2019-NQM5, Class A1, 2.71%, 11/25/2059 (e) (z) |
|
|
220 |
|
|
|
207 |
|
| Series 2021-NQ2R, Class A1, 0.94%, 10/25/2058 (e) (z) |
|
|
387 |
|
|
|
363 |
|
| Starwood Mortgage Residential Trust, |
|
|
|
|
|
|
|
|
| Series 2020-3, Class A1, 1.49%, 04/25/2065 (e) (z) |
|
|
159 |
|
|
|
154 |
|
| Series 2021-2, Class A1, 0.94%, 05/25/2065 (e) (z) |
|
|
206 |
|
|
|
191 |
|
| Towd Point Mortgage Funding 2024 - Granite 6 plc, (United Kingdom), Series 2024-GR6A, Class A1, (SONIA Interest Rate Benchmark + 0.93%), 5.95%, 07/20/2053 (e) (aa) |
|
GBP |
1,036 |
|
|
|
1,389 |
|
| Towd Point Mortgage Trust, Series 2019-HY2, Class A1, (CME Term SOFR 1 Month + 1.11%), 5.97%, 05/25/2058 (e) (aa) |
|
|
191 |
|
|
|
197 |
|
|
|
|
|
|
|
|
|
|
| Total Collateralized Mortgage Obligations (Cost $21,500) |
|
|
|
|
|
|
21,330 |
|
|
|
|
|
|
|
|
|
|
| Commercial Mortgage-Backed Securities — 0.9% |
|
|
|
|
|
|
|
|
| 280 Park Avenue Mortgage Trust, Series 2017-280P, Class A, (CME Term SOFR 1 Month + 1.18%), 6.30%, 09/15/2034 (e) (aa) |
|
|
500 |
|
|
|
488 |
|
| AREIT Trust, (Cayman Islands), |
|
|
|
|
|
|
|
|
| Series 2021-CRE5, Class A, (CME Term SOFR 1 Month + 1.19%), 6.28%, 11/17/2038 (e) (aa) |
|
|
70 |
|
|
|
70 |
|
| Series 2022-CRE6, Class A, (United States 30 Day Average SOFR + 1.25%), 6.59%, 01/20/2037 (e) (aa) |
|
|
676 |
|
|
|
672 |
|
| Ashford Hospitality Trust, Series 2018-KEYS, Class A, (CME Term SOFR 1 Month + 1.30%), 6.39%, 06/15/2035 (e) (aa) |
|
|
62 |
|
|
|
62 |
|
| BDS LLC, Series 2022-FL12, Class A, (CME Term SOFR 1 Month + 2.14%), 7.10%, 08/19/2038 (e) (aa) |
|
|
900 |
|
|
|
902 |
|
| BWAY Mortgage Trust, Series 2021-1450, Class A, (CME Term SOFR 1 Month + 1.36%), 6.46%, 09/15/2036 (e) (aa) |
|
|
500 |
|
|
|
476 |
|
| CFCRE Commercial Mortgage Trust, Series 2016-C4, Class ASB, 3.09%, 05/10/2058 |
|
|
238 |
|
|
|
236 |
|
| Citigroup Commercial Mortgage Trust, Series 2021-KEYS, Class A, (CME Term SOFR 1 Month + 1.29%), 6.39%, 10/15/2036 (e) (aa) |
|
|
900 |
|
|
|
893 |
|
| MF1X, Series 2021-W10, Class A, (CME Term SOFR 1 Month + 1.07%), 6.17%, 12/15/2034 (e) (aa) |
|
|
900 |
|
|
|
888 |
|
| Morgan Stanley Capital I Trust, Series 2019-PLND, Class A, (CME Term SOFR 1 Month + 1.11%), 6.21%, 05/15/2036 (e) (aa) |
|
|
700 |
|
|
|
481 |
|
| Natixis Commercial Mortgage Securities Trust, Series 2022-RRI, Class A, (CME Term SOFR 1 Month + 1.82%), 6.92%, 03/15/2035 (e) (aa) |
|
|
608 |
|
|
|
608 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Commercial Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Sage AR Funding No. 1 plc, (United Kingdom), Series 1A, Class A, (SONIA Interest Rate Benchmark + 1.25%), 6.23%, 11/17/2030 (e) (aa) |
|
GBP |
800 |
|
|
|
1,068 |
|
| SREIT Trust, Series 2021-IND, Class A, (CME Term SOFR 1 Month + 0.81%), 5.91%, 10/15/2038 (e) (aa) |
|
|
100 |
|
|
|
99 |
|
| VMC Finance LLC, Series 2021-FL4, Class A, (CME Term SOFR 1 Month + 1.21%), 6.23%, 06/16/2036 (e) (aa) |
|
|
29 |
|
|
|
29 |
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage-Backed Securities
(Cost $7,234) |
|
|
|
|
|
|
6,972 |
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds — 14.0% |
|
|
|
|
|
|
|
|
| Communications — 0.4% |
|
|
|
|
|
|
|
|
| Telecommunications — 0.4% |
|
|
|
|
|
|
|
|
| Optus Finance Pty Ltd., (Australia), Reg. S, 1.60%, 07/01/2025 |
|
AUD |
1,000 |
|
|
|
674 |
|
| Rogers Communications, Inc., (Canada), 2.95%, 03/15/2025 |
|
|
1,200 |
|
|
|
1,189 |
|
| T-Mobile USA, Inc., 3.50%, 04/15/2025 |
|
|
1,000 |
|
|
|
993 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
2,856 |
|
|
|
|
|
|
|
|
|
|
| Consumer Cyclical — 2.0% |
|
|
|
|
|
|
|
|
| Auto Manufacturers — 1.9% |
|
|
|
|
|
|
|
|
| American Honda Finance Corp., (United States SOFR + 0.55%), 5.65%, 02/12/2025 (aa) |
|
|
2,100 |
|
|
|
2,102 |
|
| BMW US Capital LLC, (SOFR Compounded Index + 0.80%), 5.89%, 08/13/2026 (e) (aa) |
|
|
2,200 |
|
|
|
2,208 |
|
| Ford Motor Credit Co. LLC, |
|
|
|
|
|
|
|
|
| 2.30%, 02/10/2025 |
|
|
600 |
|
|
|
593 |
|
| 4.13%, 08/04/2025 |
|
|
300 |
|
|
|
297 |
|
| 5.80%, 03/05/2027 |
|
|
1,450 |
|
|
|
1,476 |
|
| (United States SOFR + 2.95%), 7.90%, 03/06/2026 (aa) |
|
|
300 |
|
|
|
308 |
|
| General Motors Financial Co., Inc., 3.50%, 11/07/2024 |
|
|
2,500 |
|
|
|
2,496 |
|
| Hyundai Capital America, (United States SOFR + 1.15%), 6.29%, 08/04/2025 (e) (aa) |
|
|
200 |
|
|
|
201 |
|
| Mercedes-Benz Finance North America LLC, (United States SOFR + 0.63%), 5.81%, 07/31/2026 (e) (aa) |
|
|
1,500 |
|
|
|
1,499 |
|
| Nissan Motor Acceptance Co. LLC, 1.85%, 09/16/2026 (e) |
|
|
600 |
|
|
|
562 |
|
| Nissan Motor Co. Ltd., (Japan), 3.52%, 09/17/2025 (e) |
|
|
700 |
|
|
|
689 |
|
| Volkswagen Group of America Finance LLC, |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.83%), 5.70%, 03/20/2026 (e) (aa) |
|
|
600 |
|
|
|
601 |
|
| (United States SOFR + 0.93%), 5.85%, 09/12/2025 (e) (aa) |
|
|
1,500 |
|
|
|
1,504 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,536 |
|
|
|
|
|
|
|
|
|
|
| Leisure Time — 0.1% |
|
|
|
|
|
|
|
|
| Harley-Davidson Financial Services, Inc., Reg. S, 3.35%, 06/08/2025 |
|
|
500 |
|
|
|
494 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Cyclical |
|
|
|
|
|
|
15,030 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 1.2% |
|
|
|
|
|
|
|
|
| Commercial Services — 0.3% |
|
|
|
|
|
|
|
|
| Global Payments, Inc., 1.50%, 11/15/2024 |
|
|
2,000 |
|
|
|
1,991 |
|
|
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — 0.1% |
|
|
|
|
|
|
|
|
| Haleon UK Capital plc, (United Kingdom), 3.13%, 03/24/2025 |
|
|
1,000 |
|
|
|
991 |
|
|
|
|
|
|
|
|
|
|
| Food — 0.0% (g) |
|
|
|
|
|
|
|
|
| J M Smucker Co. (The), 3.50%, 03/15/2025 |
|
|
300 |
|
|
|
298 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Products — 0.3% |
|
|
|
|
|
|
|
|
| Baxter International, Inc., 1.32%, 11/29/2024 |
|
|
500 |
|
|
|
497 |
|
| (SOFR Compounded Index + 0.44%), 5.44%, 11/29/2024 (aa) |
|
|
1,900 |
|
|
|
1,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,397 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Services — 0.2% |
|
|
|
|
|
|
|
|
| HCA, Inc., 5.25%, 04/15/2025 |
|
|
1,100 |
|
|
|
1,101 |
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pharmaceuticals — 0.3% |
|
|
|
|
|
|
|
|
| Bayer US Finance II LLC, 4.25%, 12/15/2025 (e) |
|
|
2,000 |
|
|
|
1,985 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
8,763 |
|
|
|
|
|
|
|
|
|
|
| Energy — 0.1% |
|
|
|
|
|
|
|
|
| Pipelines — 0.1% |
|
|
|
|
|
|
|
|
| Sabine Pass Liquefaction LLC, 5.63%, 03/01/2025 |
|
|
776 |
|
|
|
776 |
|
|
|
|
|
|
|
|
|
|
| Financial — 8.7% |
|
|
|
|
|
|
|
|
| Banks — 7.5% |
|
|
|
|
|
|
|
|
| ABN AMRO Bank NV, (Netherlands), (CMT Index 1 Year + 1.55%), 6.58%, 10/13/2026 (e) (aa) |
|
|
2,200 |
|
|
|
2,240 |
|
| Banco Santander SA, (Spain), (United States SOFR + 1.12%), 6.39%, 07/15/2028 (aa) |
|
|
400 |
|
|
|
400 |
|
| Bank of America Corp., |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.35%), 3.09%, 10/01/2025 (aa) |
|
|
2,000 |
|
|
|
2,000 |
|
| (CME Term SOFR 3 Month + 1.03%), 6.27%, 02/05/2026 (aa) |
|
|
500 |
|
|
|
500 |
|
| Bank of Queensland Ltd., (Australia), |
|
|
|
|
|
|
|
|
| (BBSW ASX Australian 3 Month + 1.10%), 5.58%, 10/29/2025 (aa) |
|
AUD |
1,000 |
|
|
|
694 |
|
| (BBSW ASX Australian 3 Month + 1.10%), 5.59%, 10/30/2024 (aa) |
|
AUD |
2,000 |
|
|
|
1,384 |
|
| Banque Federative du Credit Mutuel SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 02/04/2025 |
|
|
600 |
|
|
|
592 |
|
| Reg. S, (SOFR Compounded Index + 0.41%), 5.55%, 02/04/2025 (aa) |
|
|
500 |
|
|
|
500 |
|
| 5.90%, 07/13/2026 (e) |
|
|
1,500 |
|
|
|
1,542 |
|
| Barclays plc, (United Kingdom), (CMT Index 1 Year + 3.05%), 7.33%, 11/02/2026 (aa) |
|
|
1,157 |
|
|
|
1,187 |
|
| BNP Paribas SA, (France), |
|
|
|
|
|
|
|
|
| (United States SOFR + 2.07%), 2.22%, 06/09/2026 (e) (aa) |
|
|
1,200 |
|
|
|
1,177 |
|
| (CME Term SOFR 3 Month + 1.37%), 2.82%, 11/19/2025 (e) (aa) |
|
|
900 |
|
|
|
896 |
|
| BPCE SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (BBSW ASX Australian 3 Month + 1.35%), 5.78%, 09/29/2025 (aa) |
|
AUD |
700 |
|
|
|
487 |
|
| Reg. S, (United States SOFR + 0.57%), 5.83%, 01/14/2025 (aa) |
|
|
800 |
|
|
|
801 |
|
| Reg. S, (BBSW ASX Australian 3 Month + 1.60%), 5.99%, 06/05/2025 (aa) |
|
AUD |
1,200 |
|
|
|
834 |
|
| Canadian Imperial Bank of Commerce, (Canada), (United States SOFR + 1.22%), 6.53%, 10/02/2026 (aa) |
|
|
1,200 |
|
|
|
1,212 |
|
| Citibank NA, (SOFR Compounded Index + 1.06%), 6.04%, 12/04/2026 (aa) |
|
|
1,200 |
|
|
|
1,211 |
|
| Citigroup, Inc., (United States SOFR + 2.84%), 3.11%, 04/08/2026 (aa) |
|
|
800 |
|
|
|
792 |
|
| Cooperatieve Rabobank UA, (Netherlands), (CMT Index 1 Year + 0.73%), 1.98%, 12/15/2027 (e) (aa) |
|
|
2,400 |
|
|
|
2,277 |
|
| Credit Agricole SA, (France), Reg. S, (United States SOFR + 0.87%), 5.79%, 03/11/2027 (aa) |
|
|
500 |
|
|
|
502 |
|
| Deutsche Bank AG, (Germany), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.87%), 2.13%, 11/24/2026 (f) (aa) |
|
|
600 |
|
|
|
581 |
|
| (United States SOFR + 2.58%), 3.96%, 11/26/2025 (aa) |
|
|
2,200 |
|
|
|
2,194 |
|
| DNB Bank ASA, (Norway), (SOFR Compounded Index + 1.95%), 5.90%, 10/09/2026 (e) (aa) |
|
|
700 |
|
|
|
708 |
|
| Federation des Caisses Desjardins du Quebec, (Canada), 2.05%, 02/10/2025 (e) |
|
|
500 |
|
|
|
495 |
|
| First Abu Dhabi Bank PJSC, (United Arab Emirates), (BBSW ASX Australian 3 Month + 1.10%), 5.46%, 02/18/2025 (aa) |
|
AUD |
700 |
|
|
|
484 |
|
| Goldman Sachs Group, Inc. (The), |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.79%), 5.74%, 12/09/2026 (aa) |
|
|
400 |
|
|
|
400 |
|
| (CME Term SOFR 3 Month + 1.43%), 6.55%, 05/15/2026 (aa) |
|
|
1,000 |
|
|
|
1,006 |
|
| HSBC Holdings plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.40%), 2.63%, 11/07/2025 (aa) |
|
|
700 |
|
|
|
698 |
|
| (United States SOFR + 1.43%), 3.00%, 03/10/2026 (aa) |
|
|
200 |
|
|
|
198 |
|
| (United States SOFR + 1.51%), 4.18%, 12/09/2025 (aa) |
|
|
1,200 |
|
|
|
1,197 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.61%), 4.29%, 09/12/2026 (aa) |
|
|
900 |
|
|
|
896 |
|
| ING Bank Australia Ltd., (Australia), Reg. S, (BBSW ASX Australian 3 Month + 0.78%), 5.13%, 05/26/2025 (aa) |
|
AUD |
500 |
|
|
|
347 |
|
| ING Groep NV, (Netherlands), |
|
|
|
|
|
|
|
|
| (SOFR Compounded Index + 1.01%), 5.88%, 04/01/2027 (aa) |
|
|
500 |
|
|
|
502 |
|
| (SOFR Compounded Index + 1.64%), 6.51%, 03/28/2026 (aa) |
|
|
1,300 |
|
|
|
1,308 |
|
| Lloyds Banking Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.00%), 2.44%, 02/05/2026 (aa) |
|
|
500 |
|
|
|
495 |
|
| 4.45%, 05/08/2025 |
|
|
2,100 |
|
|
|
2,093 |
|
| Mitsubishi UFJ Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.94%), 6.01%, 02/20/2026 (aa) |
|
|
530 |
|
|
|
531 |
|
| (United States SOFR + 1.44%), 6.70%, 04/17/2026 (aa) |
|
|
500 |
|
|
|
503 |
|
| National Bank of Canada, (Canada), (SOFR Compounded Index + 0.90%), 5.77%, 03/25/2027 (aa) |
|
|
1,200 |
|
|
|
1,203 |
|
| NatWest Markets plc, (United Kingdom), 3.48%, 03/22/2025 (e) |
|
|
1,000 |
|
|
|
992 |
|
| Nordea Bank Abp, (Finland), |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.74%), 5.62%, 03/19/2027 (e) (aa) |
|
|
1,200 |
|
|
|
1,203 |
|
| (United States SOFR + 0.96%), 5.91%, 06/06/2025 (e) (aa) |
|
|
725 |
|
|
|
728 |
|
| Santander Holdings USA, Inc., 3.45%, 06/02/2025 |
|
|
1,500 |
|
|
|
1,484 |
|
| Skandinaviska Enskilda Banken AB, (Sweden), 1.40%, 11/19/2025 (e) |
|
|
2,100 |
|
|
|
2,034 |
|
| Societe Generale SA, (France), |
|
|
|
|
|
|
|
|
| 2.63%, 10/16/2024 (e) |
|
|
300 |
|
|
|
299 |
|
| (United States SOFR + 1.05%), 6.27%, 01/21/2026 (e) (aa) |
|
|
800 |
|
|
|
801 |
|
| Reg. S, (United States SOFR + 1.05%), 6.27%, 01/21/2026 (aa) |
|
|
800 |
|
|
|
801 |
|
| Standard Chartered plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR USD 3 Month + 1.21%), 2.82%, 01/30/2026 (aa) |
|
|
800 |
|
|
|
793 |
|
| Reg. S, (United States SOFR + 0.93%), 5.96%, 11/23/2025 (aa) |
|
|
400 |
|
|
|
400 |
|
| (United States SOFR + 1.74%), 6.61%, 03/30/2026 (e) (aa) |
|
|
500 |
|
|
|
504 |
|
| (CMT Index 1 Year + 3.10%), 7.78%, 11/16/2025 (e) (aa) |
|
|
400 |
|
|
|
401 |
|
| Sumitomo Mitsui Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, (BBSW ASX Australian 3 Month + 1.25%), 5.69%, 10/16/2024 (aa) |
|
AUD |
2,400 |
|
|
|
1,660 |
|
| (United States SOFR + 1.30%), 6.57%, 07/13/2026 (aa) |
|
|
700 |
|
|
|
709 |
|
| Svenska Handelsbanken AB, (Sweden), (BBSW ASX Australian 3 Month + 0.45%), 4.86%, 03/04/2026 (aa) |
|
AUD |
600 |
|
|
|
414 |
|
| Swedbank AB, (Sweden), 6.14%, 09/12/2026 (e) |
|
|
2,900 |
|
|
|
2,993 |
|
| UBS AG, (Switzerland), Reg. S, (BBSW ASX Australian 3 Month + 0.87%), 5.36%, 07/30/2025 (aa) |
|
AUD |
2,200 |
|
|
|
1,526 |
|
| Wells Fargo & Co., |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.09%), 2.41%, 10/30/2025 (aa) |
|
|
900 |
|
|
|
898 |
|
| (United States SOFR + 1.32%), 6.51%, 04/25/2026 (aa) |
|
|
1,200 |
|
|
|
1,205 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
56,912 |
|
|
|
|
|
|
|
|
|
|
| Diversified Financial Services — 1.2% |
|
|
|
|
|
|
|
|
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust, (Ireland), |
|
|
|
|
|
|
|
|
| 1.65%, 10/29/2024 |
|
|
1,200 |
|
|
|
1,197 |
|
| 3.50%, 01/15/2025 |
|
|
600 |
|
|
|
597 |
|
| Series 3NC1, 1.75%, 10/29/2024 |
|
|
300 |
|
|
|
299 |
|
| Aviation Capital Group LLC, 5.50%, 12/15/2024 (e) |
|
|
800 |
|
|
|
799 |
|
| Avolon Holdings Funding Ltd., (Cayman Islands), 2.88%, 02/15/2025 (e) |
|
|
1,600 |
|
|
|
1,583 |
|
| LeasePlan Corp. NV, (Netherlands), 2.88%, 10/24/2024 (e) |
|
|
1,500 |
|
|
|
1,498 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| Mitsubishi HC Capital, Inc., (Japan), 3.64%, 04/13/2025 (e) |
|
|
570 |
|
|
|
566 |
|
| Nomura Holdings, Inc., (Japan), 1.85%, 07/16/2025 |
|
|
2,300 |
|
|
|
2,248 |
|
| ORIX Corp., (Japan), 3.25%, 12/04/2024 |
|
|
400 |
|
|
|
399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,186 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
66,098 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 0.8% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 0.3% |
|
|
|
|
|
|
|
|
| Boeing Co. (The), 4.88%, 05/01/2025 |
|
|
2,100 |
|
|
|
2,092 |
|
| Rolls-Royce plc, (United Kingdom), 3.63%, 10/14/2025 (e) |
|
|
500 |
|
|
|
491 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,583 |
|
|
|
|
|
|
|
|
|
|
| Engineering & Construction — 0.3% |
|
|
|
|
|
|
|
|
| Sydney Airport Finance Co. Pty Ltd., (Australia), Reg. S, 3.63%, 04/28/2026 |
|
|
2,100 |
|
|
|
2,072 |
|
|
|
|
|
|
|
|
|
|
| Miscellaneous Manufacturers — 0.1% |
|
|
|
|
|
|
|
|
| Incitec Pivot Ltd., (Australia), Reg. S, 4.30%, 03/18/2026 |
|
AUD |
800 |
|
|
|
548 |
|
|
|
|
|
|
|
|
|
|
| Packaging & Containers — 0.1% |
|
|
|
|
|
|
|
|
| Berry Global, Inc., 4.88%, 07/15/2026 (e) |
|
|
977 |
|
|
|
975 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
6,178 |
|
|
|
|
|
|
|
|
|
|
| Technology — 0.4% |
|
|
|
|
|
|
|
|
| Semiconductors — 0.4% |
|
|
|
|
|
|
|
|
| Broadcom, Inc., 3.63%, 10/15/2024 |
|
|
1,100 |
|
|
|
1,099 |
|
| Renesas Electronics Corp., (Japan), 1.54%, 11/26/2024 (e) |
|
|
2,100 |
|
|
|
2,087 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
3,186 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 0.4% |
|
|
|
|
|
|
|
|
| Electric — 0.4% |
|
|
|
|
|
|
|
|
| Edison International, 4.70%, 08/15/2025 |
|
|
200 |
|
|
|
199 |
|
| Enel Finance International NV, (Netherlands), 4.50%, 06/15/2025 (e) |
|
|
300 |
|
|
|
299 |
|
| Israel Electric Corp. Ltd., (Israel), Series 6, Reg. S, 5.00%, 11/12/2024 (e) |
|
|
2,100 |
|
|
|
2,098 |
|
| Korea Southern Power Co. Ltd., (South Korea), (BBSW ASX Australian 3 Month + 0.97%), 5.46%, 10/30/2024 (aa) |
|
AUD |
600 |
|
|
|
415 |
|
| Niagara Mohawk Power Corp., 3.51%, 10/01/2024 (e) |
|
|
129 |
|
|
|
129 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
3,140 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds
(Cost $105,544) |
|
|
|
|
|
|
106,027 |
|
|
|
|
|
|
|
|
|
|
| Foreign Government Security — 0.1% |
|
|
|
|
|
|
|
|
Export-Import Bank of Korea, (South Korea), 4.88%, 01/11/2026
(Cost $799) |
|
|
800 |
|
|
|
808 |
|
|
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities — 0.9% |
|
|
|
|
|
|
|
|
| FNMA or FHLMC, Single Family, 30 years, TBA, 5.50%, 11/01/2050 (w) |
|
|
5,000 |
|
|
|
5,060 |
|
| FNMA Pool, 2.80%, 06/01/2025 |
|
|
1,769 |
|
|
|
1,744 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Cost $6,819) |
|
|
|
|
|
|
6,804 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds — 65.4% (t) |
|
|
|
|
|
|
|
|
| Alabama — 0.2% |
|
|
|
|
|
|
|
|
| County of Jefferson Sewer Revenue, Warrants, Rev., 5.00%, 10/01/2026 |
|
|
1,250 |
|
|
|
1,302 |
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Alaska — 0.2% |
|
|
|
|
|
|
|
|
| State of Alaska, |
|
|
|
|
|
|
|
|
| Series B, GO, 5.00%, 08/01/2026 |
|
|
690 |
|
|
|
722 |
|
| Series B, GO, 5.00%, 08/01/2027 |
|
|
750 |
|
|
|
804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,526 |
|
|
|
|
|
|
|
|
|
|
| Arizona — 1.5% |
|
|
|
|
|
|
|
|
| Arizona Board of Regents, Series A, Rev., VRDO, 3.20%, 10/07/2024 (z) |
|
|
11,595 |
|
|
|
11,595 |
|
|
|
|
|
|
|
|
|
|
| California — 1.4% |
|
|
|
|
|
|
|
|
| City of Los Angeles Department of Airports, Senior Bonds Green Bond Project, Rev., AMT, 5.00%, 05/15/2025 |
|
|
2,475 |
|
|
|
2,499 |
|
| San Francisco City & County Airport Commission International Airport, Revenue Refunding, Second Series, Series A, Rev., AMT, 5.00%, 05/01/2025 |
|
|
3,000 |
|
|
|
3,028 |
|
| State of California, GO, 5.00%, 08/01/2027 |
|
|
5,000 |
|
|
|
5,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,896 |
|
|
|
|
|
|
|
|
|
|
| Connecticut — 0.9% |
|
|
|
|
|
|
|
|
| Connecticut Housing Finance Authority, Series B3, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
5,680 |
|
|
|
5,680 |
|
| State of Connecticut Special Tax Revenue, Series D, Rev., 5.00%, 11/01/2025 |
|
|
1,250 |
|
|
|
1,282 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,962 |
|
|
|
|
|
|
|
|
|
|
| District of Columbia — 3.4% |
|
|
|
|
|
|
|
|
| District of Columbia, |
|
|
|
|
|
|
|
|
| Rev., VRDO, LOC: Wells Fargo Bank NA, 3.15%, 10/07/2024 (z) |
|
|
2,325 |
|
|
|
2,325 |
|
| Series A, GO, 5.00%, 08/01/2027 (w) |
|
|
5,000 |
|
|
|
5,364 |
|
| Metropolitan Washington Airports Authority Aviation Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2025 |
|
|
9,425 |
|
|
|
9,592 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2025 |
|
|
1,665 |
|
|
|
1,695 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2026 |
|
|
2,805 |
|
|
|
2,900 |
|
| Series B, Rev., 5.00%, 10/01/2025 |
|
|
1,030 |
|
|
|
1,054 |
|
| Washington Metropolitan Area Transit Authority Dedicated Revenue, Sustainability Financed Bond, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/15/2025 |
|
|
1,250 |
|
|
|
1,271 |
|
| Rev., 5.00%, 07/15/2026 |
|
|
1,250 |
|
|
|
1,305 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,506 |
|
|
|
|
|
|
|
|
|
|
| Florida — 3.4% |
|
|
|
|
|
|
|
|
| Citizens Property Insurance, Inc., Series A1, Rev., 5.00%, 06/01/2025 (p) |
|
|
1,000 |
|
|
|
1,003 |
|
| City of Jacksonville, Series B, Rev., 5.00%, 10/01/2025 |
|
|
1,250 |
|
|
|
1,278 |
|
| City of Jacksonville FL, Series A, Rev., 5.00%, 10/01/2025 |
|
|
1,500 |
|
|
|
1,533 |
|
| County of Miami-Dade Seaport Department, Senior Bonds, Series A, Rev., AMT, 5.00%, 10/01/2025 |
|
|
1,500 |
|
|
|
1,526 |
|
| Highlands County Health Facilities Authority, Adventist Health System/Sunbelt Obligated Group, Series A, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
2,800 |
|
|
|
2,800 |
|
| Orlando Utilities Commission, Series 1, Rev., VRDO, 2.94%, 10/07/2024 (z) |
|
|
14,500 |
|
|
|
14,500 |
|
| Sarasota County School Board, Master Lease Program, COP, 5.00%, 07/01/2026 |
|
|
1,250 |
|
|
|
1,302 |
|
| State of Florida Lottery Revenue, Lottery, Series A, Rev., 5.00%, 07/01/2025 |
|
|
2,000 |
|
|
|
2,032 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,974 |
|
|
|
|
|
|
|
|
|
|
| Georgia — 1.1% |
|
|
|
|
|
|
|
|
| Main Street Natural Gas, Inc., Series A, Rev., 5.00%, 06/01/2025 |
|
|
700 |
|
|
|
707 |
|
| Municipal Electric Authority of Georgia, General Resolution Project, Rev., 5.00%, 01/01/2026 (w) |
|
|
625 |
|
|
|
642 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Georgia — continued |
|
|
|
|
|
|
|
|
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project, Rev., AGM, 5.00%, 07/01/2025 |
|
|
550 |
|
|
|
559 |
|
| Municipal Electric Authority of Georgia, Project One Subordinated, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2026 (w) |
|
|
4,000 |
|
|
|
4,108 |
|
| Rev., 5.00%, 01/01/2027 (w) |
|
|
1,000 |
|
|
|
1,051 |
|
| Private Colleges & Universities Authority, Emory University, Series B, Rev., 5.00%, 09/01/2025 |
|
|
1,020 |
|
|
|
1,040 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,107 |
|
|
|
|
|
|
|
|
|
|
| Guam — 0.1% |
|
|
|
|
|
|
|
|
| Guam Government Waterworks Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2025 |
|
|
350 |
|
|
|
355 |
|
| Series A, Rev., 5.00%, 07/01/2026 |
|
|
350 |
|
|
|
362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
717 |
|
|
|
|
|
|
|
|
|
|
| Illinois — 1.8% |
|
|
|
|
|
|
|
|
| Chicago Midway International Airport, Senior, Series C, Rev., AMT, 5.00%, 01/01/2026 |
|
|
3,000 |
|
|
|
3,062 |
|
| Chicago O’Hare International Airport, Senior Lien O’Hare International, Rev., AMT, 5.00%, 01/01/2026 |
|
|
3,500 |
|
|
|
3,587 |
|
| Illinois Finance Authority, Rev., VRDO, LOC: Northern Trust Co., 3.20%, 10/07/2024 (z) |
|
|
1,770 |
|
|
|
1,770 |
|
| State of Illinois, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 10/01/2025 |
|
|
2,465 |
|
|
|
2,515 |
|
| Series D, GO, 5.00%, 07/01/2025 |
|
|
2,600 |
|
|
|
2,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,572 |
|
|
|
|
|
|
|
|
|
|
| Indiana — 1.2% |
|
|
|
|
|
|
|
|
| Indiana Finance Authority, Health Systems, Sisters of St. Francis, Series I, Rev., VRDO, LOC: Barclays Bank plc, 4.15%, 10/01/2024 (z) |
|
|
6,000 |
|
|
|
6,000 |
|
| Indiana Municipal Power Agency, Series B, Rev., VRDO, LOC: U.S. Bank NA, 3.80%, 10/01/2024 (z) |
|
|
1,000 |
|
|
|
1,000 |
|
| Indianapolis Local Public Improvement Bond Bank, Series A, Rev., 5.00%, 06/01/2026 |
|
|
1,800 |
|
|
|
1,868 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,868 |
|
|
|
|
|
|
|
|
|
|
| Kansas — 0.3% |
|
|
|
|
|
|
|
|
| Johnson County Unified School District No. 512 Shawnee Mission, Series A, GO, 5.00%, 10/01/2025 |
|
|
1,935 |
|
|
|
1,978 |
|
|
|
|
|
|
|
|
|
|
| Louisiana — 2.4% |
|
|
|
|
|
|
|
|
| Louisiana State Citizens Property Insurance Corp., Series A, Rev., 5.00%, 06/01/2026 |
|
|
16,000 |
|
|
|
16,589 |
|
| State of Louisiana, Series C, GO, 5.00%, 12/01/2026 |
|
|
1,340 |
|
|
|
1,414 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,003 |
|
|
|
|
|
|
|
|
|
|
| Maryland — 0.7% |
|
|
|
|
|
|
|
|
| County of Baltimore, Consolidated Public Improvement, Series A, GO, 5.00%, 07/01/2027 |
|
|
6,000 |
|
|
|
6,424 |
|
|
|
|
|
|
|
|
|
|
| Massachusetts — 1.3% |
|
|
|
|
|
|
|
|
| Massachusetts Development Finance Agency, Partners Healthcare System, Inc., Series K1, Rev., VRDO, 3.05%, 10/07/2024 (z) |
|
|
5,700 |
|
|
|
5,700 |
|
| Massachusetts Educational Financing Authority, Senior Issue M, Series B, Rev., AMT, 5.00%, 07/01/2026 |
|
|
4,000 |
|
|
|
4,121 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,821 |
|
|
|
|
|
|
|
|
|
|
| Michigan — 0.7% |
|
|
|
|
|
|
|
|
| Michigan State Building Authority, Facilities Program, Series II, Rev., 5.00%, 10/15/2025 |
|
|
5,500 |
|
|
|
5,628 |
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Minnesota — 2.2% |
|
|
|
|
|
|
|
|
| City of Rochester MN, |
|
|
|
|
|
|
|
|
| Series A, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
13,000 |
|
|
|
13,000 |
|
| Series B, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
3,900 |
|
|
|
3,900 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,900 |
|
|
|
|
|
|
|
|
|
|
| Mississippi — 0.1% |
|
|
|
|
|
|
|
|
| Mississippi Development Bank, Desoto County Highway Project, Series A, Rev., 5.00%, 01/01/2027 (w) |
|
|
1,000 |
|
|
|
1,054 |
|
|
|
|
|
|
|
|
|
|
| Missouri — 1.3% |
|
|
|
|
|
|
|
|
| City of Kansas City, Series A, GO, 5.00%, 02/01/2026 |
|
|
900 |
|
|
|
929 |
|
| Curators of the University of Missouri (The), Rev., 5.00%, 11/01/2026 |
|
|
7,000 |
|
|
|
7,381 |
|
| Missouri Joint Municipal Electric Utility Commission, Plum Point Project, Rev., 5.00%, 01/01/2027 (w) |
|
|
1,530 |
|
|
|
1,610 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,920 |
|
|
|
|
|
|
|
|
|
|
| Nebraska — 0.3% |
|
|
|
|
|
|
|
|
| Public Power Generation Agency, Whelan Energy Center Unit, Rev., 5.00%, 01/01/2027 (w) |
|
|
2,000 |
|
|
|
2,105 |
|
|
|
|
|
|
|
|
|
|
| New Hampshire — 0.2% |
|
|
|
|
|
|
|
|
| New Hampshire Health and Education Facilities Authority Act, Rev., VRDO, LOC: TD Bank NA, 3.05%, 10/07/2024 (z) |
|
|
1,575 |
|
|
|
1,575 |
|
|
|
|
|
|
|
|
|
|
| New Jersey — 2.4% |
|
|
|
|
|
|
|
|
| Casino Reinvestment Development Authority, Inc., |
|
|
|
|
|
|
|
|
| Series A, Rev., AGC, 5.00%, 11/01/2026 |
|
|
1,000 |
|
|
|
1,048 |
|
| Series B, Rev., AGC, 5.00%, 11/01/2026 |
|
|
500 |
|
|
|
524 |
|
| New Jersey Economic Development Authority, Rev., 5.00%, 03/01/2026 |
|
|
500 |
|
|
|
516 |
|
| New Jersey Educational Facilities Authority, Montclair State University, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 07/01/2025 |
|
|
1,690 |
|
|
|
1,716 |
|
| Rev., AGM, 5.00%, 07/01/2026 |
|
|
1,000 |
|
|
|
1,042 |
|
| New Jersey Higher Education Student Assistance Authority, Senior, Series A, Rev., AMT, 5.00%, 12/01/2025 |
|
|
575 |
|
|
|
586 |
|
| New Jersey Transportation Trust Fund Authority, Series A, Rev., 5.00%, 06/15/2025 |
|
|
2,025 |
|
|
|
2,053 |
|
| State of New Jersey, GO, 5.00%, 06/01/2027 |
|
|
5,000 |
|
|
|
5,332 |
|
| State of New Jersey, Covid 19 Go Emergency Bonds, GO, 5.00%, 06/01/2025 |
|
|
5,320 |
|
|
|
5,396 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,213 |
|
|
|
|
|
|
|
|
|
|
| New Mexico — 0.9% |
|
|
|
|
|
|
|
|
| New Mexico Finance Authority, Subordinate, Series A, Rev., 5.00%, 06/15/2025 |
|
|
2,795 |
|
|
|
2,837 |
|
| University of New Mexico (The), Rev., VRDO, 3.25%, 10/07/2024 (z) |
|
|
3,640 |
|
|
|
3,640 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,477 |
|
|
|
|
|
|
|
|
|
|
| New York — 8.6% |
|
|
|
|
|
|
|
|
| City of New York NY, Series B, GO, VRDO, 4.15%, 10/01/2024 (z) |
|
|
3,500 |
|
|
|
3,500 |
|
| City of New York, Fiscal Year 2017, Series A4, GO, VRDO, LOC: Citibank NA, 3.17%, 10/07/2024 (z) |
|
|
1,090 |
|
|
|
1,090 |
|
| City of New York, Fiscal Year 2018, Series B5, GO, VRDO, 4.15%, 10/01/2024 (z) |
|
|
10,000 |
|
|
|
10,000 |
|
| New York City Municipal Water Finance Authority, Second General Resolution, |
|
|
|
|
|
|
|
|
| Rev., VRDO, 3.75%, 10/01/2024 (z) |
|
|
5,225 |
|
|
|
5,225 |
|
| Rev., VRDO, 3.90%, 10/01/2024 (z) |
|
|
20,825 |
|
|
|
20,825 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Series B5, Rev., VRDO, 3.90%, 10/01/2024 (z) |
|
|
5,700 |
|
|
|
5,700 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinated, Series E1, Rev., 5.00%, 11/01/2025 |
|
|
7,000 |
|
|
|
7,184 |
|
| Port Authority of New York & New Jersey, Series 242, Rev., AMT, 5.00%, 12/01/2025 |
|
|
5,000 |
|
|
|
5,105 |
|
| Triborough Bridge & Tunnel Authority, MTA Bridges And Tunnels, Rev., 5.00%, 11/15/2025 |
|
|
6,455 |
|
|
|
6,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65,258 |
|
|
|
|
|
|
|
|
|
|
| North Carolina — 1.0% |
|
|
|
|
|
|
|
|
| City of Raleigh NC, Rev., 5.00%, 10/01/2026 |
|
|
7,250 |
|
|
|
7,623 |
|
|
|
|
|
|
|
|
|
|
| Ohio — 5.2% |
|
|
|
|
|
|
|
|
| County of Franklin, Facilities, OhioHealth Corp., Series D, Rev., VRDO, LOC: Northern Trust Co., 3.05%, 10/07/2024 (z) |
|
|
1,500 |
|
|
|
1,500 |
|
| Ohio Higher Educational Facility Commission, Hospital, Cleveland Clinic Health System Obligated Group, Series B3, Rev., VRDO, 3.80%, 10/01/2024 (z) |
|
|
5,000 |
|
|
|
5,000 |
|
| Ohio State University (The), Multiyear Debt Issuance, |
|
|
|
|
|
|
|
|
| Rev., VRDO, 3.00%, 10/07/2024 (z) |
|
|
6,000 |
|
|
|
6,000 |
|
| Rev., VRDO, 3.18%, 10/07/2024 (z) |
|
|
11,600 |
|
|
|
11,600 |
|
| State of Ohio, Rev., VRDO, 3.00%, 10/07/2024 (z) |
|
|
14,000 |
|
|
|
14,000 |
|
| State of Ohio, Mental Health Facilities Improvement, Rev., 5.00%, 02/01/2026 |
|
|
1,500 |
|
|
|
1,549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
39,649 |
|
|
|
|
|
|
|
|
|
|
| Oklahoma — 0.5% |
|
|
|
|
|
|
|
|
| Oklahoma Municipal Power Authority, Power Supply System, Series A, Rev., AGM, 5.00%, 01/01/2026 |
|
|
3,500 |
|
|
|
3,598 |
|
|
|
|
|
|
|
|
|
|
| Oregon — 0.4% |
|
|
|
|
|
|
|
|
| Portland Community College District, GO, 5.00%, 06/15/2025 |
|
|
3,235 |
|
|
|
3,284 |
|
|
|
|
|
|
|
|
|
|
| Pennsylvania — 3.9% |
|
|
|
|
|
|
|
|
| City of Philadelphia Airport Revenue, Series B, Rev., AMT, 5.00%, 07/01/2026 |
|
|
2,500 |
|
|
|
2,578 |
|
| City of Philadelphia Airport Revenue, Private Activity, Rev., AMT, 5.00%, 07/01/2026 |
|
|
9,755 |
|
|
|
10,058 |
|
| City of Philadelphia Water & Wastewater Revenue, |
|
|
|
|
|
|
|
|
| Series B, Rev., AGM, 5.00%, 09/01/2026 |
|
|
2,550 |
|
|
|
2,674 |
|
| Series C, Rev., 5.00%, 06/01/2025 |
|
|
1,355 |
|
|
|
1,373 |
|
| Commonwealth of Pennsylvania, GO, 5.00%, 09/15/2026 |
|
|
2,000 |
|
|
|
2,099 |
|
| Northampton County General Purpose Authority, St. Luke’s University Health Network, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/15/2025 |
|
|
5,565 |
|
|
|
5,651 |
|
| Rev., 5.00%, 08/15/2026 |
|
|
5,000 |
|
|
|
5,192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,625 |
|
|
|
|
|
|
|
|
|
|
| Texas — 7.3% |
|
|
|
|
|
|
|
|
| Austin Independent School District, GO, 5.00%, 08/01/2025 |
|
|
4,500 |
|
|
|
4,581 |
|
| Board of Regents of the University of Texas System, Financing System, Series B, Rev., VRDO, LIQ: University of Texas Investment Management Co. (The), 3.05%, 10/07/2024 (z) |
|
|
14,000 |
|
|
|
14,000 |
|
| City of Garland Electric Utility System Revenue, Series A, Rev., 5.00%, 03/01/2025 |
|
|
2,190 |
|
|
|
2,205 |
|
| City of Houston Combined Utility System Revenue, Combined First Lien, Rev., VRDO, 3.23%, 10/07/2024 (z) |
|
|
12,380 |
|
|
|
12,380 |
|
| City of Houston TX Combined Utility System Revenue, Rev., VRDO, (SIFMA Municipal Swap Index + 0.01%), 3.23%, 10/07/2024 (aa) |
|
|
6,000 |
|
|
|
6,000 |
|
| City of San Antonio, Tax Notes, GO, 5.00%, 02/01/2026 |
|
|
1,035 |
|
|
|
1,067 |
|
| Clifton Higher Education Finance Corp., International Leadership of Texas, Inc., |
|
|
|
|
|
|
|
|
| Rev., PSF-GTD, 5.00%, 08/15/2025 |
|
|
1,385 |
|
|
|
1,410 |
|
| Rev., PSF-GTD, 5.00%, 08/15/2026 |
|
|
1,000 |
|
|
|
1,043 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Cypress-Fairbanks Independent School District, Series A, GO, PSF-GTD, 5.00%, 02/15/2025 |
|
|
2,140 |
|
|
|
2,155 |
|
| North Texas Tollway Authority, First Tier Bonds, Series A, Rev., 5.00%, 01/01/2027 (w) |
|
|
1,000 |
|
|
|
1,055 |
|
| Plano Independent School District, GO, 5.00%, 02/15/2025 |
|
|
3,600 |
|
|
|
3,626 |
|
| Texas A&M University, Financing System, Series E, Rev., 5.00%, 05/15/2025 |
|
|
3,000 |
|
|
|
3,040 |
|
| Texas Public Finance Authority, Rev., 5.00%, 02/01/2025 |
|
|
2,980 |
|
|
|
2,997 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,559 |
|
|
|
|
|
|
|
|
|
|
| Utah — 1.0% |
|
|
|
|
|
|
|
|
| City of Salt Lake City Public Utilities Revenue, Rev., 5.00%, 02/01/2025 |
|
|
1,550 |
|
|
|
1,560 |
|
| State of Utah, GO, 5.00%, 07/01/2026 |
|
|
5,000 |
|
|
|
5,222 |
|
| University of Utah, Green Bonds, Series A, Rev., 5.00%, 08/01/2025 |
|
|
925 |
|
|
|
942 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,724 |
|
|
|
|
|
|
|
|
|
|
| Virginia — 2.1% |
|
|
|
|
|
|
|
|
| Norfolk Economic Development Authority, Sentara Healthcare Obligated Group, |
|
|
|
|
|
|
|
|
| Series A, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
6,300 |
|
|
|
6,300 |
|
| Series B, Rev., VRDO, 3.20%, 10/07/2024 (z) |
|
|
8,835 |
|
|
|
8,835 |
|
| Winchester Economic Development Authority, Valley Health System, Series A, Rev., 5.00%, 01/01/2027 |
|
|
800 |
|
|
|
842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15,977 |
|
|
|
|
|
|
|
|
|
|
| Washington — 6.7% |
|
|
|
|
|
|
|
|
| Central Puget Sound Regional Transit Authority, Green Bonds, Series S1, Rev., 5.00%, 11/01/2025 |
|
|
5,000 |
|
|
|
5,132 |
|
| Chelan County Public Utility District No. 1, Series B, Rev., VRDO, 3.05%, 10/07/2024 (z) |
|
|
13,160 |
|
|
|
13,160 |
|
| Port of Seattle WA, GO, 5.00%, 06/01/2027 |
|
|
7,300 |
|
|
|
7,795 |
|
| Port of Seattle, Intermediate Lien, Rev., AMT, 5.00%, 08/01/2025 |
|
|
1,735 |
|
|
|
1,758 |
|
| Port of Seattle, Intermediate Lien, Series B, Rev., AMT, 5.00%, 07/01/2027 |
|
|
7,000 |
|
|
|
7,330 |
|
| Port of Seattle, Private Activity, Rev., AMT, 5.00%, 09/01/2025 |
|
|
6,885 |
|
|
|
7,001 |
|
| State of Washington, Series R-2023B, GO, 5.00%, 07/01/2027 |
|
|
8,000 |
|
|
|
8,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,744 |
|
|
|
|
|
|
|
|
|
|
| Wisconsin — 0.7% |
|
|
|
|
|
|
|
|
| State of Wisconsin, Series 2024-2, GO, 5.00%, 05/01/2027 |
|
|
5,000 |
|
|
|
5,330 |
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds
(Cost $496,020) |
|
|
|
|
|
|
497,494 |
|
|
|
|
|
|
|
|
|
|
| U.S. Government Agency Security — 0.1% |
|
|
|
|
|
|
|
|
FHLMC, 5.55%, 07/30/2027
(Cost $600) |
|
|
600 |
|
|
|
600 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligation — 1.3% |
|
|
|
|
|
|
|
|
U.S. Treasury Inflation Indexed Notes, 2.13%, 04/15/2029
(Cost $9,929) |
|
|
9,864 |
|
|
|
10,131 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments — 8.6% |
|
|
|
|
|
|
|
|
| Municipal Bonds — 3.7% (t) |
|
|
|
|
|
|
|
|
| County of Los Angeles CA, Rev., TRAN, 5.00%, 06/30/2025 (n) |
|
|
13,760 |
|
|
|
13,992 |
|
| Mississippi Development Bank, Desoto County Highway Project, Series A, Rev., 5.00%, 01/01/2025 (n) (w) |
|
|
3,475 |
|
|
|
3,488 |
|
| Pennsylvania Economic Development Financing Authority Parking System Revenue, Junior Insured Capitol, Rev., AGM, 5.00%, 01/01/2025 |
|
|
2,000 |
|
|
|
2,007 |
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Short-Term Investments — continued |
|
|
|
|
|
|
|
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| The Monmouth County Improvement Authority, Government Pooled Loan Project, Rev., CNTY GTD, 4.00%, 03/14/2025 (n) |
|
|
8,000 |
|
|
|
8,034 |
|
| Winchester Economic Development Authority, Valley Health System, Series A, Rev., 5.00%, 01/01/2025 (n) |
|
|
800 |
|
|
|
803 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds |
|
|
|
|
|
|
28,324 |
|
|
|
|
|
|
|
|
|
|
| Repurchase Agreement — 1.8% |
|
|
|
|
|
|
|
|
| BofA Securities, Inc., 4.98%, dated 09/30/2024 due 10/01/2024, repurchase price $13,600 collaterized by U.S. Treasury Security, 4.50%, due 05/31/2029, with a value of $1,045 |
|
|
13,600 |
|
|
|
13,600 |
|
|
|
|
|
|
|
|
|
|
| Time Deposits — 3.0% |
|
|
|
|
|
|
|
|
| Australia & New Zealand Banking Group Ltd., 2.90%, 10/01/2024 |
|
AUD |
170 |
|
|
|
118 |
|
| Citibank NA, |
|
|
|
|
|
|
|
|
| 2.33%, 10/01/2024 |
|
EUR |
8 |
|
|
|
9 |
|
| 4.18%, 10/01/2024 |
|
|
22,165 |
|
|
|
22,165 |
|
| Royal Bank of Canada, |
|
|
|
|
|
|
|
|
| 3.03%, 10/01/2024 |
|
CAD |
47 |
|
|
|
35 |
|
| 3.91%, 10/01/2024 |
|
GBP |
134 |
|
|
|
178 |
|
| Sumitomo Mitsui Banking Corp., 0.01%, 10/01/2024 |
|
JPY |
1,006 |
|
|
|
7 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
250 |
|
|
|
250 |
|
|
|
|
|
|
|
|
|
|
| Total Time Deposits |
|
|
|
|
|
|
22,762 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 0.1% |
|
|
|
|
|
|
|
|
| U.S. Treasury Bills, |
|
|
|
|
|
|
|
|
| 4.53%, 12/19/2024 (n) (ii) |
|
|
185 |
|
|
|
185 |
|
| 5.19%, 10/08/2024 (n) |
|
|
437 |
|
|
|
437 |
|
| 5.30%, 10/10/2024 (n) |
|
|
6 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
| Total U.S. Treasury Obligations |
|
|
|
|
|
|
628 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $65,253) |
|
|
|
|
|
|
65,314 |
|
|
|
|
|
|
|
|
|
|
Total Investments — 103.0%
(Cost—$780,793)* |
|
|
|
|
|
|
782,895 |
|
| Liabilities in Excess of Other Assets — (3.0)% |
|
|
|
|
|
|
(22,689 |
) |
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
760,206 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Australia 3-Year Bond |
|
|
59 |
|
|
|
12/2024 |
|
|
|
AUD |
|
|
|
4,377 |
|
|
|
(6 |
) |
| Australia 10-Year Bond |
|
|
112 |
|
|
|
12/2024 |
|
|
|
AUD |
|
|
|
9,074 |
|
|
|
(61 |
) |
| Long Gilt |
|
|
33 |
|
|
|
12/2024 |
|
|
|
GBP |
|
|
|
4,364 |
|
|
|
(21 |
) |
| SOFR 3 Month |
|
|
243 |
|
|
|
06/2025 |
|
|
|
USD |
|
|
|
58,876 |
|
|
|
(76 |
) |
| U.S. Treasury 5 Year Note |
|
|
53 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
5,858 |
|
|
|
(34 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(198 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury 2 Year Note |
|
|
(41 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(8,550 |
) |
|
|
12 |
|
| U.S. Treasury 10 Year Note |
|
|
(101 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(11,531 |
) |
|
|
(11 |
) |
| U.S. Treasury Ultra Bond |
|
|
(41 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(5,529 |
) |
|
|
72 |
|
| U.S. Ultra Treasury 10 Year Note |
|
|
(80 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(9,468 |
) |
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
77 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(121 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| AUD |
|
|
1,307 |
|
|
USD |
|
|
881 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
22 |
|
| AUD |
|
|
16,931 |
|
|
USD |
|
|
11,650 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
55 |
|
| AUD |
|
|
1,590 |
|
|
USD |
|
|
1,089 |
|
|
Deutsche Bank AG |
|
|
10/02/2024 |
|
|
|
11 |
|
| USD |
|
|
1,742 |
|
|
CAD |
|
|
2,347 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation |
|
|
|
|
|
|
|
|
|
95 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| USD |
|
|
606 |
|
|
AUD |
|
|
889 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(9 |
) |
| USD |
|
|
12,884 |
|
|
AUD |
|
|
18,939 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
(209 |
) |
| CAD |
|
|
390 |
|
|
USD |
|
|
290 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
(1 |
) |
| USD |
|
|
4,370 |
|
|
GBP |
|
|
3,313 |
|
|
Barclays Bank plc |
|
|
10/02/2024 |
|
|
|
(59 |
) |
| USD |
|
|
11,656 |
|
|
AUD |
|
|
16,931 |
|
|
Barclays Bank plc |
|
|
11/04/2024 |
|
|
|
(56 |
) |
| USD |
|
|
4,426 |
|
|
GBP |
|
|
3,313 |
|
|
Barclays Bank plc |
|
|
11/04/2024 |
|
|
|
(3 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized depreciation |
|
|
|
|
|
|
|
|
|
(337 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
(242 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024
|
|
|
|
|
| ASX |
|
— |
|
Australian Stock Exchange |
| AGM |
|
— |
|
Insured by Assured Guaranty Municipal Corp. |
| AMT |
|
— |
|
Alternative Minimum Tax |
| BBSW |
|
— |
|
Bank Bill Swap Rate |
| CMT |
|
— |
|
Constant Maturity Treasury |
| COP |
|
— |
|
Certificate of Participation |
| FHLMC |
|
— |
|
Federal Home Loan Mortgage Corp. |
| FNMA |
|
— |
|
Federal National Mortgage Association |
| GO |
|
— |
|
General Obligation |
| GNMA |
|
— |
|
Government National Mortgage Association |
| GTD |
|
— |
|
Guaranteed |
| ICE |
|
— |
|
Intercontinental Exchange |
| LIBOR |
|
— |
|
London Interbank Offered Rate |
| LIQ |
|
— |
|
Liquidity Agreement |
| LOC |
|
— |
|
Letter of Credit |
| PSF |
|
— |
|
Permanent School Fund |
| Reg. S |
|
— |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), which exempts from registration securities offered and sold outside of the United States. Such a
security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act, or pursuant to an exemption from registration. |
| REMICS |
|
— |
|
Real Estate Mortgage Investment Conduit |
| Rev. |
|
— |
|
Revenue |
| SIFMA |
|
— |
|
Securities Industry and Financial Markets Association |
| SOFR |
|
— |
|
Secured Overnight Financing Rate |
| SONIA |
|
— |
|
Sterling Overnight Interbank Average Rate |
| SUB |
|
— |
|
Step-Up Bond. The interest rate shown is the rate in effect as of September 30, 2024. |
| TBA |
|
— |
|
To Be Announced |
| VRDO |
|
— |
|
Variable Rate Demand Obligation. The interest rate shown is the rate in effect as of September 30, 2024. |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and
may be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (f) |
|
— |
|
Security is exempt from registration under Rule 144A or Section 4 (a) (2) of the Securities Act of 1933, as amended. |
| (g) |
|
— |
|
Amount rounds to less than 0.05%. |
| (n) |
|
— |
|
The rate shown is the effective yield as of September 30, 2024. |
| (p) |
|
— |
|
Security is prerefunded or escrowed to maturity. |
| (t) |
|
— |
|
The date shown represents the earliest of the prerefunded date, next put date or final maturity date. |
| (w) |
|
— |
|
All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment. |
Six Circles Tax Aware Ultra Short Duration Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS (continued)
|
|
|
|
|
| (z) |
|
— |
|
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
September 30, 2024. |
| (aa) |
|
— |
|
Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of September 30, 2024 |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| AUD |
|
— |
|
Australian Dollar |
| CAD |
|
— |
|
Canadian Dollar |
| EUR |
|
— |
|
Euro |
| GBP |
|
— |
|
British Pound |
| JPY |
|
— |
|
Japanese Yen |
| USD |
|
— |
|
United States Dollar |
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — 99.8% |
|
|
|
|
|
|
|
|
| Basic Materials — 1.3% |
|
|
|
|
|
|
|
|
| Chemicals — 1.2% |
|
|
|
|
|
|
|
|
| Air Products & Chemicals, Inc. |
|
|
786 |
|
|
|
233,887 |
|
| Albemarle Corp. |
|
|
18 |
|
|
|
1,661 |
|
| Celanese Corp., Class A |
|
|
14 |
|
|
|
1,906 |
|
| CF Industries Holdings, Inc. |
|
|
23 |
|
|
|
1,949 |
|
| Dow, Inc. |
|
|
115 |
|
|
|
6,270 |
|
| DuPont de Nemours, Inc. |
|
|
57 |
|
|
|
5,062 |
|
| Eastman Chemical Co. |
|
|
15 |
|
|
|
1,658 |
|
| Ecolab, Inc. |
|
|
32 |
|
|
|
8,079 |
|
| International Flavors & Fragrances, Inc. |
|
|
34 |
|
|
|
3,583 |
|
| Linde plc |
|
|
66 |
|
|
|
31,264 |
|
| LyondellBasell Industries NV, Class A |
|
|
45 |
|
|
|
4,352 |
|
| Mosaic Co. (The) |
|
|
60 |
|
|
|
1,599 |
|
| PPG Industries, Inc. |
|
|
30 |
|
|
|
3,988 |
|
| RPM International, Inc. |
|
|
8 |
|
|
|
1,010 |
|
| Sherwin-Williams Co. (The) |
|
|
32 |
|
|
|
12,275 |
|
| Westlake Corp. |
|
|
4 |
|
|
|
620 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
319,163 |
|
|
|
|
|
|
|
|
|
|
| Forest Products & Paper — 0.0% (g) |
|
|
|
|
|
|
|
|
| International Paper Co. |
|
|
56 |
|
|
|
2,749 |
|
|
|
|
|
|
|
|
|
|
| Iron/Steel — 0.0% (g) |
|
|
|
|
|
|
|
|
| Nucor Corp. |
|
|
31 |
|
|
|
4,734 |
|
| Reliance, Inc. |
|
|
4 |
|
|
|
1,228 |
|
| Steel Dynamics, Inc. |
|
|
19 |
|
|
|
2,403 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,365 |
|
|
|
|
|
|
|
|
|
|
| Mining — 0.1% |
|
|
|
|
|
|
|
|
| Freeport-McMoRan, Inc. |
|
|
176 |
|
|
|
8,795 |
|
| Newmont Corp. |
|
|
138 |
|
|
|
7,387 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,182 |
|
|
|
|
|
|
|
|
|
|
| Total Basic Materials |
|
|
|
|
|
|
346,459 |
|
|
|
|
|
|
|
|
|
|
| Communications — 16.1% |
|
|
|
|
|
|
|
|
| Advertising — 0.0% (g) |
|
|
|
|
|
|
|
|
| Interpublic Group of Cos., Inc. (The) |
|
|
90 |
|
|
|
2,834 |
|
| Omnicom Group, Inc. |
|
|
39 |
|
|
|
4,053 |
|
| Trade Desk, Inc. (The), Class A (a) |
|
|
60 |
|
|
|
6,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,479 |
|
|
|
|
|
|
|
|
|
|
| Internet — 14.9% |
|
|
|
|
|
|
|
|
| Airbnb, Inc., Class A (a) |
|
|
55 |
|
|
|
7,010 |
|
| Alphabet, Inc., Class A |
|
|
2,708 |
|
|
|
449,145 |
|
| Alphabet, Inc., Class C |
|
|
2,563 |
|
|
|
428,554 |
|
| Amazon.com, Inc. (a) |
|
|
7,417 |
|
|
|
1,382,030 |
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Internet — continued |
|
|
|
|
|
|
|
|
| Booking Holdings, Inc. |
|
|
5 |
|
|
|
20,399 |
|
| CDW Corp. |
|
|
54 |
|
|
|
12,246 |
|
| DoorDash, Inc., Class A (a) |
|
|
36 |
|
|
|
5,154 |
|
| eBay, Inc. |
|
|
64 |
|
|
|
4,165 |
|
| Expedia Group, Inc. (a) |
|
|
18 |
|
|
|
2,677 |
|
| F5, Inc. (a) |
|
|
21 |
|
|
|
4,519 |
|
| Gen Digital, Inc. |
|
|
320 |
|
|
|
8,769 |
|
| GoDaddy, Inc., Class A (a) |
|
|
16 |
|
|
|
2,522 |
|
| Match Group, Inc. (a) |
|
|
64 |
|
|
|
2,440 |
|
| MercadoLibre, Inc., (Uruguay) (a) |
|
|
6 |
|
|
|
12,581 |
|
| Meta Platforms, Inc., Class A |
|
|
1,682 |
|
|
|
962,777 |
|
| Netflix, Inc. (a) |
|
|
60 |
|
|
|
42,838 |
|
| Okta, Inc., Class A (a) |
|
|
23 |
|
|
|
1,740 |
|
| Palo Alto Networks, Inc. (a) |
|
|
181 |
|
|
|
62,020 |
|
| Pinterest, Inc., Class A (a) |
|
|
178 |
|
|
|
5,762 |
|
| Robinhood Markets, Inc., Class A (a) |
|
|
258 |
|
|
|
6,045 |
|
| Roku, Inc., Class A (a) |
|
|
19 |
|
|
|
1,382 |
|
| Snap, Inc., Class A (a) |
|
|
325 |
|
|
|
3,477 |
|
| Uber Technologies, Inc. (a) |
|
|
6,060 |
|
|
|
455,469 |
|
| VeriSign, Inc. (a) |
|
|
7 |
|
|
|
1,309 |
|
| Zillow Group, Inc., Class C (a) |
|
|
20 |
|
|
|
1,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,886,280 |
|
|
|
|
|
|
|
|
|
|
| Media — 0.3% |
|
|
|
|
|
|
|
|
| Charter Communications, Inc., Class A (a) |
|
|
12 |
|
|
|
3,816 |
|
| Comcast Corp., Class A |
|
|
514 |
|
|
|
21,482 |
|
| FactSet Research Systems, Inc. |
|
|
19 |
|
|
|
8,826 |
|
| Fox Corp., Class A |
|
|
50 |
|
|
|
2,122 |
|
| Fox Corp., Class B |
|
|
31 |
|
|
|
1,197 |
|
| Liberty Media Corp-Liberty Formula One, Class C (a) |
|
|
32 |
|
|
|
2,444 |
|
| News Corp., Class A |
|
|
64 |
|
|
|
1,701 |
|
| Paramount Global, Class B |
|
|
79 |
|
|
|
841 |
|
| Walt Disney Co. (The) |
|
|
255 |
|
|
|
24,518 |
|
| Warner Bros Discovery, Inc. (a) |
|
|
364 |
|
|
|
3,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
69,947 |
|
|
|
|
|
|
|
|
|
|
| Telecommunications — 0.9% |
|
|
|
|
|
|
|
|
| Arista Networks, Inc. (a) |
|
|
104 |
|
|
|
39,944 |
|
| AT&T, Inc. |
|
|
950 |
|
|
|
20,911 |
|
| Cisco Systems, Inc. |
|
|
1,611 |
|
|
|
85,716 |
|
| Corning, Inc. |
|
|
322 |
|
|
|
14,553 |
|
| Juniper Networks, Inc. |
|
|
127 |
|
|
|
4,967 |
|
| Motorola Solutions, Inc. |
|
|
64 |
|
|
|
28,699 |
|
| T-Mobile US, Inc. |
|
|
69 |
|
|
|
14,166 |
|
| Verizon Communications, Inc. |
|
|
564 |
|
|
|
25,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
234,287 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
4,203,993 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Consumer Cyclical — 10.2% |
|
|
|
|
|
|
|
|
| Apparel — 0.1% |
|
|
|
|
|
|
|
|
| Deckers Outdoor Corp. (a) |
|
|
19 |
|
|
|
3,057 |
|
| NIKE, Inc., Class B |
|
|
163 |
|
|
|
14,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,440 |
|
|
|
|
|
|
|
|
|
|
| Auto Manufacturers — 0.5% |
|
|
|
|
|
|
|
|
| Cummins, Inc. |
|
|
22 |
|
|
|
7,024 |
|
| Ford Motor Co. |
|
|
564 |
|
|
|
5,950 |
|
| General Motors Co. |
|
|
174 |
|
|
|
7,787 |
|
| PACCAR, Inc. |
|
|
80 |
|
|
|
7,848 |
|
| Rivian Automotive, Inc., Class A (a) |
|
|
88 |
|
|
|
992 |
|
| Tesla, Inc. (a) |
|
|
390 |
|
|
|
102,106 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
131,707 |
|
|
|
|
|
|
|
|
|
|
| Auto Parts & Equipment — 0.0% (g) |
|
|
|
|
|
|
|
|
| Aptiv plc, (Ireland) (a) |
|
|
42 |
|
|
|
3,008 |
|
|
|
|
|
|
|
|
|
|
| Distribution/Wholesale — 0.1% |
|
|
|
|
|
|
|
|
| Copart, Inc. (a) |
|
|
99 |
|
|
|
5,187 |
|
| Fastenal Co. |
|
|
73 |
|
|
|
5,232 |
|
| LKQ Corp. |
|
|
29 |
|
|
|
1,176 |
|
| Pool Corp. |
|
|
4 |
|
|
|
1,453 |
|
| Watsco, Inc. |
|
|
4 |
|
|
|
1,920 |
|
| WW Grainger, Inc. |
|
|
6 |
|
|
|
6,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,150 |
|
|
|
|
|
|
|
|
|
|
| Entertainment — 0.0% (g) |
|
|
|
|
|
|
|
|
| DraftKings, Inc., Class A (a) |
|
|
57 |
|
|
|
2,225 |
|
| Flutter Entertainment plc, (Ireland) (a) |
|
|
20 |
|
|
|
4,862 |
|
| Live Nation Entertainment, Inc. (a) |
|
|
26 |
|
|
|
2,867 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,954 |
|
|
|
|
|
|
|
|
|
|
| Home Builders — 3.8% |
|
|
|
|
|
|
|
|
| DR Horton, Inc. |
|
|
1,795 |
|
|
|
342,412 |
|
| Lennar Corp., Class A |
|
|
1,473 |
|
|
|
276,224 |
|
| NVR, Inc. (a) |
|
|
19 |
|
|
|
183,451 |
|
| PulteGroup, Inc. |
|
|
1,263 |
|
|
|
181,244 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
983,331 |
|
|
|
|
|
|
|
|
|
|
| Leisure Time — 0.0% (g) |
|
|
|
|
|
|
|
|
| Carnival Corp. (a) |
|
|
151 |
|
|
|
2,792 |
|
| Royal Caribbean Cruises Ltd. |
|
|
37 |
|
|
|
6,621 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,413 |
|
|
|
|
|
|
|
|
|
|
| Lodging — 0.1% |
|
|
|
|
|
|
|
|
| Hilton Worldwide Holdings, Inc. |
|
|
43 |
|
|
|
9,968 |
|
| Hyatt Hotels Corp., Class A |
|
|
11 |
|
|
|
1,669 |
|
| Las Vegas Sands Corp. |
|
|
30 |
|
|
|
1,509 |
|
| Marriott International, Inc., Class A |
|
|
43 |
|
|
|
10,567 |
|
| MGM Resorts International (a) |
|
|
15 |
|
|
|
572 |
|
| Wynn Resorts Ltd. |
|
|
4 |
|
|
|
362 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,647 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Retail — 5.6% |
|
|
|
|
|
|
|
|
| AutoZone, Inc. (a) |
|
|
2 |
|
|
|
6,804 |
|
| Bath & Body Works, Inc. |
|
|
23 |
|
|
|
746 |
|
| Best Buy Co., Inc. |
|
|
29 |
|
|
|
3,038 |
|
| Burlington Stores, Inc. (a) |
|
|
8 |
|
|
|
2,120 |
|
| CarMax, Inc. (a) |
|
|
28 |
|
|
|
2,187 |
|
| Chipotle Mexican Grill, Inc., Class A (a) |
|
|
184 |
|
|
|
10,587 |
|
| Costco Wholesale Corp. |
|
|
61 |
|
|
|
53,983 |
|
| Darden Restaurants, Inc. |
|
|
19 |
|
|
|
3,066 |
|
| Dick’s Sporting Goods, Inc. |
|
|
9 |
|
|
|
1,775 |
|
| Dollar General Corp. |
|
|
31 |
|
|
|
2,640 |
|
| Dollar Tree, Inc. (a) |
|
|
23 |
|
|
|
1,585 |
|
| Domino’s Pizza, Inc. |
|
|
3 |
|
|
|
1,180 |
|
| Ferguson Enterprises, Inc. |
|
|
27 |
|
|
|
5,450 |
|
| Genuine Parts Co. |
|
|
20 |
|
|
|
2,784 |
|
| Home Depot, Inc. (The) |
|
|
134 |
|
|
|
54,142 |
|
| Lowe’s Cos., Inc. |
|
|
75 |
|
|
|
20,386 |
|
| Lululemon Athletica, Inc., (Canada) (a) |
|
|
15 |
|
|
|
4,119 |
|
| McDonald’s Corp. |
|
|
99 |
|
|
|
30,121 |
|
| O’Reilly Automotive, Inc. (a) |
|
|
7 |
|
|
|
8,521 |
|
| Ross Stores, Inc. |
|
|
42 |
|
|
|
6,311 |
|
| Starbucks Corp. |
|
|
154 |
|
|
|
14,989 |
|
| Target Corp. |
|
|
64 |
|
|
|
9,984 |
|
| TJX Cos., Inc. (The) |
|
|
150 |
|
|
|
17,603 |
|
| Tractor Supply Co. |
|
|
12 |
|
|
|
3,518 |
|
| Ulta Beauty, Inc. (a) |
|
|
6 |
|
|
|
2,330 |
|
| Walgreens Boots Alliance, Inc. |
|
|
110 |
|
|
|
983 |
|
| Walmart, Inc. |
|
|
14,365 |
|
|
|
1,160,001 |
|
| Williams-Sonoma, Inc. |
|
|
17 |
|
|
|
2,706 |
|
| Yum! Brands, Inc. |
|
|
30 |
|
|
|
4,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,437,878 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Cyclical |
|
|
|
|
|
|
2,638,528 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 16.5% |
|
|
|
|
|
|
|
|
| Agriculture — 0.2% |
|
|
|
|
|
|
|
|
| Altria Group, Inc. |
|
|
225 |
|
|
|
11,483 |
|
| Archer-Daniels-Midland Co. |
|
|
70 |
|
|
|
4,202 |
|
| Bunge Global SA |
|
|
21 |
|
|
|
2,064 |
|
| Philip Morris International, Inc. |
|
|
214 |
|
|
|
25,948 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43,697 |
|
|
|
|
|
|
|
|
|
|
| Beverages — 2.0% |
|
|
|
|
|
|
|
|
| Brown-Forman Corp., Class B |
|
|
63 |
|
|
|
3,122 |
|
| Celsius Holdings, Inc. (a) |
|
|
67 |
|
|
|
2,087 |
|
| Coca-Cola Co. (The) |
|
|
4,726 |
|
|
|
339,610 |
|
| Constellation Brands, Inc., Class A |
|
|
70 |
|
|
|
18,041 |
|
| Keurig Dr Pepper, Inc. |
|
|
470 |
|
|
|
17,606 |
|
| Molson Coors Beverage Co., Class B |
|
|
82 |
|
|
|
4,733 |
|
| Monster Beverage Corp. (a) |
|
|
311 |
|
|
|
16,218 |
|
| PepsiCo., Inc. |
|
|
610 |
|
|
|
103,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
505,200 |
|
|
|
|
|
|
|
|
|
|
| Biotechnology — 0.4% |
|
|
|
|
|
|
|
|
| Alnylam Pharmaceuticals, Inc. (a) |
|
|
17 |
|
|
|
4,553 |
|
| Amgen, Inc. |
|
|
74 |
|
|
|
23,915 |
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Biotechnology — continued |
|
|
|
|
|
|
|
|
| Biogen, Inc. (a) |
|
|
20 |
|
|
|
3,922 |
|
| BioMarin Pharmaceutical, Inc. (a) |
|
|
29 |
|
|
|
2,019 |
|
| Bio-Rad Laboratories, Inc., Class A (a) |
|
|
11 |
|
|
|
3,601 |
|
| Corteva, Inc. |
|
|
89 |
|
|
|
5,229 |
|
| Gilead Sciences, Inc. |
|
|
169 |
|
|
|
14,130 |
|
| Illumina, Inc. (a) |
|
|
99 |
|
|
|
12,920 |
|
| Incyte Corp. (a) |
|
|
25 |
|
|
|
1,635 |
|
| Moderna, Inc. (a) |
|
|
47 |
|
|
|
3,141 |
|
| Regeneron Pharmaceuticals, Inc. (a) |
|
|
16 |
|
|
|
16,502 |
|
| Royalty Pharma plc, Class A |
|
|
12 |
|
|
|
329 |
|
| United Therapeutics Corp. (a) |
|
|
7 |
|
|
|
2,623 |
|
| Vertex Pharmaceuticals, Inc. (a) |
|
|
36 |
|
|
|
16,797 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
111,316 |
|
|
|
|
|
|
|
|
|
|
| Commercial Services — 1.2% |
|
|
|
|
|
|
|
|
| Automatic Data Processing, Inc. |
|
|
59 |
|
|
|
16,203 |
|
| Block, Inc., Class A (a) |
|
|
300 |
|
|
|
20,135 |
|
| Booz Allen Hamilton Holding Corp., Class A |
|
|
17 |
|
|
|
2,814 |
|
| Cintas Corp. |
|
|
61 |
|
|
|
12,517 |
|
| Corpay, Inc. (a) |
|
|
37 |
|
|
|
11,511 |
|
| Equifax, Inc. |
|
|
22 |
|
|
|
6,319 |
|
| Global Payments, Inc. |
|
|
138 |
|
|
|
14,134 |
|
| MarketAxess Holdings, Inc. |
|
|
18 |
|
|
|
4,587 |
|
| Moody’s Corp. |
|
|
97 |
|
|
|
45,829 |
|
| PayPal Holdings, Inc. (a) |
|
|
557 |
|
|
|
43,501 |
|
| Quanta Services, Inc. |
|
|
22 |
|
|
|
6,448 |
|
| Rollins, Inc. |
|
|
53 |
|
|
|
2,685 |
|
| S&P Global, Inc. |
|
|
197 |
|
|
|
101,557 |
|
| Toast, Inc., Class A (a) |
|
|
197 |
|
|
|
5,564 |
|
| TransUnion |
|
|
30 |
|
|
|
3,136 |
|
| U-Haul Holding Co., Class B |
|
|
16 |
|
|
|
1,167 |
|
| United Rentals, Inc. |
|
|
9 |
|
|
|
7,530 |
|
| Verisk Analytics, Inc., Class A |
|
|
19 |
|
|
|
5,124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
310,761 |
|
|
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — 0.7% |
|
|
|
|
|
|
|
|
| Colgate-Palmolive Co. |
|
|
98 |
|
|
|
10,182 |
|
| Estee Lauder Cos., Inc. (The), Class A |
|
|
33 |
|
|
|
3,329 |
|
| Kenvue, Inc. |
|
|
268 |
|
|
|
6,202 |
|
| Procter & Gamble Co. (The) |
|
|
951 |
|
|
|
164,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
184,431 |
|
|
|
|
|
|
|
|
|
|
| Food — 0.2% |
|
|
|
|
|
|
|
|
| Albertsons Cos., Inc., Class A |
|
|
55 |
|
|
|
1,023 |
|
| Campbell Soup Co. |
|
|
25 |
|
|
|
1,204 |
|
| Conagra Brands, Inc. |
|
|
82 |
|
|
|
2,657 |
|
| General Mills, Inc. |
|
|
90 |
|
|
|
6,647 |
|
| Hershey Co. (The) |
|
|
19 |
|
|
|
3,592 |
|
| Hormel Foods Corp. |
|
|
38 |
|
|
|
1,215 |
|
| J M Smucker Co. (The) |
|
|
15 |
|
|
|
1,784 |
|
| Kellanova |
|
|
40 |
|
|
|
3,225 |
|
| Kraft Heinz Co. (The) |
|
|
151 |
|
|
|
5,297 |
|
| Kroger Co. (The) |
|
|
93 |
|
|
|
5,338 |
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Food — continued |
|
|
|
|
|
|
|
|
| Lamb Weston Holdings, Inc. |
|
|
13 |
|
|
|
814 |
|
| McCormick & Co., Inc. |
|
|
35 |
|
|
|
2,902 |
|
| Mondelez International, Inc., Class A |
|
|
194 |
|
|
|
14,263 |
|
| Sysco Corp. |
|
|
65 |
|
|
|
5,087 |
|
| Tyson Foods, Inc., Class A |
|
|
47 |
|
|
|
2,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,871 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Products — 1.8% |
|
|
|
|
|
|
|
|
| Abbott Laboratories |
|
|
238 |
|
|
|
27,090 |
|
| Agilent Technologies, Inc. |
|
|
178 |
|
|
|
26,428 |
|
| Align Technology, Inc. (a) |
|
|
10 |
|
|
|
2,492 |
|
| Avantor, Inc. (a) |
|
|
400 |
|
|
|
10,360 |
|
| Baxter International, Inc. |
|
|
51 |
|
|
|
1,926 |
|
| Bio-Techne Corp. |
|
|
99 |
|
|
|
7,890 |
|
| Boston Scientific Corp. (a) |
|
|
192 |
|
|
|
16,129 |
|
| Cooper Cos., Inc. (The) (a) |
|
|
19 |
|
|
|
2,071 |
|
| Danaher Corp. |
|
|
411 |
|
|
|
114,203 |
|
| Edwards Lifesciences Corp. (a) |
|
|
81 |
|
|
|
5,355 |
|
| Exact Sciences Corp. (a) |
|
|
25 |
|
|
|
1,670 |
|
| GE HealthCare Technologies, Inc. |
|
|
55 |
|
|
|
5,140 |
|
| Hologic, Inc. (a) |
|
|
21 |
|
|
|
1,727 |
|
| IDEXX Laboratories, Inc. (a) |
|
|
10 |
|
|
|
5,009 |
|
| Insulet Corp. (a) |
|
|
8 |
|
|
|
1,855 |
|
| Intuitive Surgical, Inc. (a) |
|
|
47 |
|
|
|
23,267 |
|
| Medtronic plc, (Ireland) |
|
|
188 |
|
|
|
16,927 |
|
| ResMed, Inc. |
|
|
20 |
|
|
|
4,921 |
|
| Revvity, Inc. |
|
|
78 |
|
|
|
9,946 |
|
| Solventum Corp. (a) |
|
|
11 |
|
|
|
773 |
|
| STERIS plc |
|
|
11 |
|
|
|
2,573 |
|
| Stryker Corp. |
|
|
46 |
|
|
|
16,482 |
|
| Teleflex, Inc. |
|
|
5 |
|
|
|
1,133 |
|
| Thermo Fisher Scientific, Inc. |
|
|
233 |
|
|
|
143,850 |
|
| Waters Corp. (a) |
|
|
34 |
|
|
|
12,243 |
|
| West Pharmaceutical Services, Inc. |
|
|
44 |
|
|
|
13,149 |
|
| Zimmer Biomet Holdings, Inc. |
|
|
22 |
|
|
|
2,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
476,938 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Services — 3.5% |
|
|
|
|
|
|
|
|
| Catalent, Inc. (a) |
|
|
140 |
|
|
|
8,463 |
|
| Centene Corp. (a) |
|
|
75 |
|
|
|
5,644 |
|
| Charles River Laboratories International, Inc. (a) |
|
|
31 |
|
|
|
6,030 |
|
| Cigna Group (The) |
|
|
39 |
|
|
|
13,442 |
|
| DaVita, Inc. (a) |
|
|
5 |
|
|
|
882 |
|
| Elevance Health, Inc. |
|
|
32 |
|
|
|
16,630 |
|
| HCA Healthcare, Inc. |
|
|
27 |
|
|
|
10,971 |
|
| Humana, Inc. |
|
|
16 |
|
|
|
5,060 |
|
| IQVIA Holdings, Inc. (a) |
|
|
111 |
|
|
|
26,389 |
|
| Labcorp Holdings, Inc. |
|
|
10 |
|
|
|
2,165 |
|
| Molina Healthcare, Inc. (a) |
|
|
7 |
|
|
|
2,544 |
|
| Quest Diagnostics, Inc. |
|
|
12 |
|
|
|
1,887 |
|
| UnitedHealth Group, Inc. |
|
|
1,373 |
|
|
|
802,536 |
|
| Universal Health Services, Inc., Class B |
|
|
7 |
|
|
|
1,625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
904,268 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Household Products/Wares — 0.1% |
|
|
|
|
|
|
|
|
| Avery Dennison Corp. |
|
|
14 |
|
|
|
3,052 |
|
| Church & Dwight Co., Inc. |
|
|
27 |
|
|
|
2,825 |
|
| Clorox Co. (The) |
|
|
15 |
|
|
|
2,477 |
|
| Kimberly-Clark Corp. |
|
|
43 |
|
|
|
6,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,467 |
|
|
|
|
|
|
|
|
|
|
| Pharmaceuticals — 6.4% |
|
|
|
|
|
|
|
|
| AbbVie, Inc. |
|
|
243 |
|
|
|
47,889 |
|
| Becton Dickinson & Co. |
|
|
37 |
|
|
|
9,017 |
|
| Bristol-Myers Squibb Co. |
|
|
1,598 |
|
|
|
82,670 |
|
| Cardinal Health, Inc. |
|
|
32 |
|
|
|
3,538 |
|
| Cencora, Inc. |
|
|
24 |
|
|
|
5,449 |
|
| CVS Health Corp. |
|
|
176 |
|
|
|
11,078 |
|
| Dexcom, Inc. (a) |
|
|
53 |
|
|
|
3,555 |
|
| Eli Lilly & Co. |
|
|
624 |
|
|
|
552,742 |
|
| Henry Schein, Inc. (a) |
|
|
5 |
|
|
|
399 |
|
| Johnson & Johnson |
|
|
2,531 |
|
|
|
410,125 |
|
| McKesson Corp. |
|
|
17 |
|
|
|
8,447 |
|
| Merck & Co., Inc. |
|
|
2,882 |
|
|
|
327,271 |
|
| Neurocrine Biosciences, Inc. (a) |
|
|
13 |
|
|
|
1,454 |
|
| Pfizer, Inc. |
|
|
4,459 |
|
|
|
129,048 |
|
| Viatris, Inc. |
|
|
890 |
|
|
|
10,337 |
|
| Zoetis, Inc., Class A |
|
|
353 |
|
|
|
68,904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,671,923 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
4,280,872 |
|
|
|
|
|
|
|
|
|
|
| Energy — 2.9% |
|
|
|
|
|
|
|
|
| Energy - Alternate Sources — 0.1% |
|
|
|
|
|
|
|
|
| Enphase Energy, Inc. (a) |
|
|
74 |
|
|
|
8,312 |
|
| First Solar, Inc. (a) |
|
|
55 |
|
|
|
13,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,992 |
|
|
|
|
|
|
|
|
|
|
| Oil & Gas — 2.2% |
|
|
|
|
|
|
|
|
| APA Corp. |
|
|
165 |
|
|
|
4,034 |
|
| Chesapeake Energy Corp. |
|
|
81 |
|
|
|
6,665 |
|
| Chevron Corp. |
|
|
745 |
|
|
|
109,666 |
|
| Chord Energy Corp. |
|
|
21 |
|
|
|
2,695 |
|
| ConocoPhillips |
|
|
508 |
|
|
|
53,523 |
|
| Coterra Energy, Inc. |
|
|
320 |
|
|
|
7,674 |
|
| Devon Energy Corp. |
|
|
293 |
|
|
|
11,480 |
|
| Diamondback Energy, Inc. |
|
|
79 |
|
|
|
13,570 |
|
| EOG Resources, Inc. |
|
|
249 |
|
|
|
30,616 |
|
| EQT Corp. |
|
|
243 |
|
|
|
8,914 |
|
| Exxon Mobil Corp. |
|
|
1,915 |
|
|
|
224,481 |
|
| Hess Corp. |
|
|
112 |
|
|
|
15,176 |
|
| HF Sinclair Corp. |
|
|
99 |
|
|
|
4,426 |
|
| Marathon Oil Corp. |
|
|
238 |
|
|
|
6,327 |
|
| Marathon Petroleum Corp. |
|
|
151 |
|
|
|
24,658 |
|
| Occidental Petroleum Corp. |
|
|
283 |
|
|
|
14,576 |
|
| Ovintiv, Inc. |
|
|
115 |
|
|
|
4,418 |
|
| Phillips 66 |
|
|
178 |
|
|
|
23,451 |
|
| Texas Pacific Land Corp. |
|
|
7 |
|
|
|
6,580 |
|
| Valero Energy Corp. |
|
|
138 |
|
|
|
18,567 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
591,497 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Oil & Gas Services — 0.2% |
|
|
|
|
|
|
|
|
| Baker Hughes Co., Class A |
|
|
421 |
|
|
|
15,210 |
|
| Halliburton Co. |
|
|
390 |
|
|
|
11,316 |
|
| Schlumberger NV |
|
|
617 |
|
|
|
25,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52,412 |
|
|
|
|
|
|
|
|
|
|
| Pipelines — 0.4% |
|
|
|
|
|
|
|
|
| Cheniere Energy, Inc. |
|
|
91 |
|
|
|
16,393 |
|
| Kinder Morgan, Inc. |
|
|
806 |
|
|
|
17,801 |
|
| ONEOK, Inc. |
|
|
238 |
|
|
|
21,728 |
|
| Targa Resources Corp. |
|
|
82 |
|
|
|
12,172 |
|
| Williams Cos., Inc. (The) |
|
|
498 |
|
|
|
22,742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
90,836 |
|
|
|
|
|
|
|
|
|
|
| Total Energy |
|
|
|
|
|
|
756,737 |
|
|
|
|
|
|
|
|
|
|
| Financial — 15.7% |
|
|
|
|
|
|
|
|
| Banks — 4.7% |
|
|
|
|
|
|
|
|
| Bank of America Corp. |
|
|
12,045 |
|
|
|
477,965 |
|
| Bank of New York Mellon Corp. (The) |
|
|
559 |
|
|
|
40,166 |
|
| Citigroup, Inc. |
|
|
1,203 |
|
|
|
75,280 |
|
| Citizens Financial Group, Inc. |
|
|
504 |
|
|
|
20,689 |
|
| Fifth Third Bancorp |
|
|
612 |
|
|
|
26,231 |
|
| First Citizens BancShares, Inc., Class A |
|
|
11 |
|
|
|
19,976 |
|
| Goldman Sachs Group, Inc. (The) |
|
|
199 |
|
|
|
98,639 |
|
| Huntington Bancshares, Inc. |
|
|
1,491 |
|
|
|
21,921 |
|
| KeyCorp. |
|
|
1,124 |
|
|
|
18,834 |
|
| M&T Bank Corp. |
|
|
153 |
|
|
|
27,173 |
|
| Morgan Stanley |
|
|
768 |
|
|
|
80,039 |
|
| Northern Trust Corp. |
|
|
134 |
|
|
|
12,107 |
|
| PNC Financial Services Group, Inc. (The) |
|
|
277 |
|
|
|
51,257 |
|
| Regions Financial Corp. |
|
|
949 |
|
|
|
22,134 |
|
| State Street Corp. |
|
|
247 |
|
|
|
21,826 |
|
| Truist Financial Corp. |
|
|
981 |
|
|
|
41,958 |
|
| US Bancorp |
|
|
1,093 |
|
|
|
49,985 |
|
| Wells Fargo & Co. |
|
|
2,131 |
|
|
|
120,407 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,226,587 |
|
|
|
|
|
|
|
|
|
|
| Diversified Financial Services — 4.2% |
|
|
|
|
|
|
|
|
| Ally Financial, Inc. |
|
|
180 |
|
|
|
6,412 |
|
| American Express Co. |
|
|
358 |
|
|
|
97,090 |
|
| Ameriprise Financial, Inc. |
|
|
60 |
|
|
|
27,954 |
|
| Apollo Global Management, Inc. |
|
|
248 |
|
|
|
30,999 |
|
| Ares Management Corp., Class A |
|
|
101 |
|
|
|
15,745 |
|
| BlackRock, Inc., Class A |
|
|
65 |
|
|
|
61,926 |
|
| Capital One Financial Corp. |
|
|
273 |
|
|
|
40,873 |
|
| Cboe Global Markets, Inc. |
|
|
84 |
|
|
|
17,150 |
|
| Charles Schwab Corp. (The) |
|
|
893 |
|
|
|
57,863 |
|
| CME Group, Inc., Class A |
|
|
244 |
|
|
|
53,861 |
|
| Coinbase Global, Inc., Class A (a) |
|
|
107 |
|
|
|
19,018 |
|
| Discover Financial Services |
|
|
215 |
|
|
|
30,106 |
|
| Franklin Resources, Inc. |
|
|
160 |
|
|
|
3,218 |
|
| Intercontinental Exchange, Inc. |
|
|
379 |
|
|
|
60,944 |
|
| LPL Financial Holdings, Inc. |
|
|
43 |
|
|
|
9,935 |
|
| Mastercard, Inc., Class A |
|
|
467 |
|
|
|
230,662 |
|
| Nasdaq, Inc. |
|
|
258 |
|
|
|
18,816 |
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| Raymond James Financial, Inc. |
|
|
164 |
|
|
|
20,085 |
|
| SEI Investments Co. |
|
|
39 |
|
|
|
2,718 |
|
| Synchrony Financial |
|
|
318 |
|
|
|
15,845 |
|
| T Rowe Price Group, Inc. |
|
|
137 |
|
|
|
14,873 |
|
| Tradeweb Markets, Inc., Class A |
|
|
70 |
|
|
|
8,660 |
|
| Visa, Inc., Class A |
|
|
908 |
|
|
|
249,746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,094,499 |
|
|
|
|
|
|
|
|
|
|
| Insurance — 4.0% |
|
|
|
|
|
|
|
|
| Aflac, Inc. |
|
|
390 |
|
|
|
43,580 |
|
| Allstate Corp. (The) |
|
|
155 |
|
|
|
29,487 |
|
| American Financial Group, Inc. |
|
|
40 |
|
|
|
5,323 |
|
| American International Group, Inc. |
|
|
467 |
|
|
|
34,167 |
|
| Aon plc, Class A |
|
|
104 |
|
|
|
36,071 |
|
| Arch Capital Group Ltd., (Bermuda) (a) |
|
|
264 |
|
|
|
29,484 |
|
| Arthur J Gallagher & Co. |
|
|
119 |
|
|
|
33,392 |
|
| Assurant, Inc. |
|
|
38 |
|
|
|
7,604 |
|
| Berkshire Hathaway, Inc., Class B (a) |
|
|
749 |
|
|
|
344,613 |
|
| Brown & Brown, Inc. |
|
|
122 |
|
|
|
12,671 |
|
| Chubb Ltd., (Switzerland) |
|
|
248 |
|
|
|
71,598 |
|
| Cincinnati Financial Corp. |
|
|
90 |
|
|
|
12,220 |
|
| Equitable Holdings, Inc. |
|
|
198 |
|
|
|
8,321 |
|
| Erie Indemnity Co., Class A |
|
|
12 |
|
|
|
6,582 |
|
| Everest Group Ltd., (Bermuda) |
|
|
23 |
|
|
|
8,828 |
|
| Fidelity National Financial, Inc. |
|
|
151 |
|
|
|
9,349 |
|
| Hartford Financial Services Group, Inc. (The) |
|
|
250 |
|
|
|
29,364 |
|
| Loews Corp. |
|
|
130 |
|
|
|
10,243 |
|
| Markel Group, Inc. (a) |
|
|
7 |
|
|
|
11,008 |
|
| Marsh & McLennan Cos., Inc. |
|
|
270 |
|
|
|
60,165 |
|
| MetLife, Inc. |
|
|
453 |
|
|
|
37,339 |
|
| Principal Financial Group, Inc. |
|
|
220 |
|
|
|
18,872 |
|
| Progressive Corp. (The) |
|
|
356 |
|
|
|
90,359 |
|
| Prudential Financial, Inc. |
|
|
271 |
|
|
|
32,771 |
|
| Travelers Cos., Inc. (The) |
|
|
144 |
|
|
|
33,811 |
|
| Willis Towers Watson plc, (United Kingdom) |
|
|
52 |
|
|
|
15,434 |
|
| WR Berkley Corp. |
|
|
169 |
|
|
|
9,577 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,042,233 |
|
|
|
|
|
|
|
|
|
|
| Private Equity — 0.5% |
|
|
|
|
|
|
|
|
| Blackstone, Inc. |
|
|
428 |
|
|
|
65,549 |
|
| Carlyle Group, Inc. (The) |
|
|
112 |
|
|
|
4,826 |
|
| KKR & Co., Inc. |
|
|
372 |
|
|
|
48,593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
118,968 |
|
|
|
|
|
|
|
|
|
|
| Real Estate — 0.0% (g) |
|
|
|
|
|
|
|
|
| CBRE Group, Inc., Class A (a) |
|
|
45 |
|
|
|
5,543 |
|
| CoStar Group, Inc. (a) |
|
|
43 |
|
|
|
3,256 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,799 |
|
|
|
|
|
|
|
|
|
|
| REITS — 2.3% |
|
|
|
|
|
|
|
|
| Alexandria Real Estate Equities, Inc. |
|
|
23 |
|
|
|
2,700 |
|
| American Homes 4 Rent, Class A |
|
|
32 |
|
|
|
1,215 |
|
| American Tower Corp. |
|
|
1,918 |
|
|
|
445,996 |
|
| Annaly Capital Management, Inc. |
|
|
263 |
|
|
|
5,268 |
|
| AvalonBay Communities, Inc. |
|
|
20 |
|
|
|
4,452 |
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| REITS — continued |
|
|
|
|
|
|
|
|
| BXP, Inc. |
|
|
19 |
|
|
|
1,547 |
|
| Camden Property Trust |
|
|
12 |
|
|
|
1,535 |
|
| Crown Castle, Inc. |
|
|
60 |
|
|
|
7,138 |
|
| Digital Realty Trust, Inc. |
|
|
43 |
|
|
|
6,956 |
|
| Equinix, Inc. |
|
|
13 |
|
|
|
11,398 |
|
| Equity LifeStyle Properties, Inc. |
|
|
9 |
|
|
|
615 |
|
| Equity Residential |
|
|
52 |
|
|
|
3,854 |
|
| Essex Property Trust, Inc. |
|
|
8 |
|
|
|
2,371 |
|
| Extra Space Storage, Inc. |
|
|
29 |
|
|
|
5,249 |
|
| Gaming and Leisure Properties, Inc. |
|
|
39 |
|
|
|
1,985 |
|
| Healthpeak Properties, Inc. |
|
|
113 |
|
|
|
2,594 |
|
| Host Hotels & Resorts, Inc. |
|
|
90 |
|
|
|
1,588 |
|
| Invitation Homes, Inc. |
|
|
65 |
|
|
|
2,285 |
|
| Iron Mountain, Inc. |
|
|
36 |
|
|
|
4,262 |
|
| Kimco Realty Corp. |
|
|
100 |
|
|
|
2,311 |
|
| Mid-America Apartment Communities, Inc. |
|
|
17 |
|
|
|
2,698 |
|
| Prologis, Inc. |
|
|
127 |
|
|
|
16,070 |
|
| Public Storage |
|
|
23 |
|
|
|
8,371 |
|
| Realty Income Corp. |
|
|
132 |
|
|
|
8,390 |
|
| Regency Centers Corp. |
|
|
14 |
|
|
|
1,020 |
|
| SBA Communications Corp., Class A |
|
|
11 |
|
|
|
2,639 |
|
| Simon Property Group, Inc. |
|
|
45 |
|
|
|
7,654 |
|
| Sun Communities, Inc. |
|
|
13 |
|
|
|
1,795 |
|
| UDR, Inc. |
|
|
34 |
|
|
|
1,544 |
|
| Ventas, Inc. |
|
|
55 |
|
|
|
3,559 |
|
| VICI Properties, Inc., Class A |
|
|
168 |
|
|
|
5,588 |
|
| Welltower, Inc. |
|
|
79 |
|
|
|
10,163 |
|
| Weyerhaeuser Co. |
|
|
106 |
|
|
|
3,591 |
|
| WP Carey, Inc. |
|
|
35 |
|
|
|
2,198 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
590,599 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
4,081,685 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 6.2% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 0.5% |
|
|
|
|
|
|
|
|
| Boeing Co. (The) (a) |
|
|
83 |
|
|
|
12,558 |
|
| General Dynamics Corp. |
|
|
34 |
|
|
|
10,393 |
|
| General Electric Co. |
|
|
152 |
|
|
|
28,625 |
|
| HEICO Corp. |
|
|
7 |
|
|
|
1,746 |
|
| HEICO Corp., Class A |
|
|
6 |
|
|
|
1,143 |
|
| Howmet Aerospace, Inc. |
|
|
53 |
|
|
|
5,329 |
|
| L3Harris Technologies, Inc. |
|
|
25 |
|
|
|
6,064 |
|
| Lockheed Martin Corp. |
|
|
30 |
|
|
|
17,668 |
|
| Northrop Grumman Corp. |
|
|
20 |
|
|
|
10,705 |
|
| RTX Corp. |
|
|
185 |
|
|
|
22,429 |
|
| TransDigm Group, Inc. |
|
|
7 |
|
|
|
10,113 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
126,773 |
|
|
|
|
|
|
|
|
|
|
| Building Materials — 0.2% |
|
|
|
|
|
|
|
|
| Builders FirstSource, Inc. (a) |
|
|
19 |
|
|
|
3,612 |
|
| Carrier Global Corp. |
|
|
114 |
|
|
|
9,205 |
|
| CRH plc |
|
|
96 |
|
|
|
8,899 |
|
| Fortune Brands Innovations, Inc. |
|
|
19 |
|
|
|
1,702 |
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Building Materials — continued |
|
|
|
|
|
|
|
|
| Johnson Controls International plc |
|
|
97 |
|
|
|
7,558 |
|
| Lennox International, Inc. |
|
|
3 |
|
|
|
1,965 |
|
| Martin Marietta Materials, Inc. |
|
|
10 |
|
|
|
5,199 |
|
| Masco Corp. |
|
|
30 |
|
|
|
2,541 |
|
| Owens Corning |
|
|
12 |
|
|
|
2,196 |
|
| Trane Technologies plc, (Ireland) |
|
|
33 |
|
|
|
12,739 |
|
| Vulcan Materials Co. |
|
|
21 |
|
|
|
5,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,847 |
|
|
|
|
|
|
|
|
|
|
| Electrical Components & Equipment — 0.1% |
|
|
|
|
|
|
|
|
| AMETEK, Inc. |
|
|
29 |
|
|
|
4,952 |
|
| Eaton Corp. plc |
|
|
55 |
|
|
|
18,224 |
|
| Emerson Electric Co. |
|
|
78 |
|
|
|
8,565 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,741 |
|
|
|
|
|
|
|
|
|
|
| Electronics — 0.4% |
|
|
|
|
|
|
|
|
| Allegion plc, (Ireland) |
|
|
8 |
|
|
|
1,115 |
|
| Amphenol Corp., Class A |
|
|
468 |
|
|
|
30,516 |
|
| Fortive Corp. |
|
|
46 |
|
|
|
3,600 |
|
| Garmin Ltd., (Switzerland) |
|
|
19 |
|
|
|
3,387 |
|
| Honeywell International, Inc. |
|
|
91 |
|
|
|
18,826 |
|
| Hubbell, Inc., Class B |
|
|
7 |
|
|
|
3,006 |
|
| Jabil, Inc. |
|
|
48 |
|
|
|
5,723 |
|
| Keysight Technologies, Inc. (a) |
|
|
65 |
|
|
|
10,404 |
|
| Mettler-Toledo International, Inc. (a) |
|
|
13 |
|
|
|
18,917 |
|
| Trimble, Inc. (a) |
|
|
92 |
|
|
|
5,710 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
101,204 |
|
|
|
|
|
|
|
|
|
|
| Engineering & Construction — 0.0% (g) |
|
|
|
|
|
|
|
|
| AECOM |
|
|
22 |
|
|
|
2,317 |
|
| EMCOR Group, Inc. |
|
|
5 |
|
|
|
2,220 |
|
| Jacobs Solutions, Inc. |
|
|
25 |
|
|
|
3,289 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,826 |
|
|
|
|
|
|
|
|
|
|
| Environmental Control — 0.2% |
|
|
|
|
|
|
|
|
| Pentair plc, (United Kingdom) |
|
|
26 |
|
|
|
2,556 |
|
| Republic Services, Inc., Class A |
|
|
40 |
|
|
|
8,055 |
|
| Veralto Corp. |
|
|
37 |
|
|
|
4,121 |
|
| Waste Connections, Inc., (Canada) |
|
|
45 |
|
|
|
8,102 |
|
| Waste Management, Inc. |
|
|
61 |
|
|
|
12,679 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,513 |
|
|
|
|
|
|
|
|
|
|
| Hand/Machine Tools — 0.0% (g) |
|
|
|
|
|
|
|
|
| Snap-on, Inc. |
|
|
9 |
|
|
|
2,569 |
|
| Stanley Black & Decker, Inc. |
|
|
25 |
|
|
|
2,721 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,290 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Construction & Mining — 0.2% |
|
|
|
|
|
|
|
|
| Caterpillar, Inc. |
|
|
70 |
|
|
|
27,269 |
|
| GE Vernova, Inc. (a) |
|
|
38 |
|
|
|
9,596 |
|
| Vertiv Holdings Co., Class A |
|
|
51 |
|
|
|
5,123 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,988 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Machinery—Diversified — 1.1% |
|
|
|
|
|
|
|
|
| CNH Industrial NV, (United Kingdom) |
|
|
180 |
|
|
|
2,003 |
|
| Deere & Co. |
|
|
591 |
|
|
|
246,495 |
|
| Dover Corp. |
|
|
22 |
|
|
|
4,175 |
|
| Graco, Inc. |
|
|
15 |
|
|
|
1,336 |
|
| IDEX Corp. |
|
|
9 |
|
|
|
2,003 |
|
| Ingersoll Rand, Inc. |
|
|
56 |
|
|
|
5,533 |
|
| Nordson Corp. |
|
|
7 |
|
|
|
1,819 |
|
| Otis Worldwide Corp. |
|
|
48 |
|
|
|
4,965 |
|
| Rockwell Automation, Inc. |
|
|
14 |
|
|
|
3,826 |
|
| Toro Co. (The) |
|
|
12 |
|
|
|
1,064 |
|
| Westinghouse Air Brake Technologies Corp. |
|
|
25 |
|
|
|
4,612 |
|
| Xylem, Inc. |
|
|
38 |
|
|
|
5,164 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
282,995 |
|
|
|
|
|
|
|
|
|
|
| Miscellaneous Manufacturers — 0.2% |
|
|
|
|
|
|
|
|
| 3M Co. |
|
|
77 |
|
|
|
10,527 |
|
| AO Smith Corp. |
|
|
8 |
|
|
|
722 |
|
| Axon Enterprise, Inc. (a) |
|
|
10 |
|
|
|
3,990 |
|
| Carlisle Cos., Inc. |
|
|
6 |
|
|
|
2,664 |
|
| Illinois Tool Works, Inc. |
|
|
42 |
|
|
|
10,975 |
|
| Parker-Hannifin Corp. |
|
|
19 |
|
|
|
11,837 |
|
| Teledyne Technologies, Inc. (a) |
|
|
18 |
|
|
|
7,967 |
|
| Textron, Inc. |
|
|
22 |
|
|
|
1,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,625 |
|
|
|
|
|
|
|
|
|
|
| Packaging & Containers — 0.1% |
|
|
|
|
|
|
|
|
| Amcor plc, (United Kingdom) |
|
|
307 |
|
|
|
3,483 |
|
| Ball Corp. |
|
|
47 |
|
|
|
3,175 |
|
| Crown Holdings, Inc. |
|
|
19 |
|
|
|
1,848 |
|
| Packaging Corp. of America |
|
|
19 |
|
|
|
4,083 |
|
| Smurfit WestRock plc, (Ireland) |
|
|
77 |
|
|
|
3,796 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,385 |
|
|
|
|
|
|
|
|
|
|
| Shipbuilding — 0.0% (g) |
|
|
|
|
|
|
|
|
| Huntington Ingalls Industries, Inc. |
|
|
6 |
|
|
|
1,638 |
|
|
|
|
|
|
|
|
|
|
| Transportation — 3.2% |
|
|
|
|
|
|
|
|
| CH Robinson Worldwide, Inc. |
|
|
19 |
|
|
|
2,094 |
|
| CSX Corp. |
|
|
12,671 |
|
|
|
437,524 |
|
| Expeditors International of Washington, Inc. |
|
|
22 |
|
|
|
2,839 |
|
| FedEx Corp. |
|
|
33 |
|
|
|
9,073 |
|
| JB Hunt Transport Services, Inc. |
|
|
14 |
|
|
|
2,494 |
|
| Knight-Swift Transportation Holdings, Inc., Class A |
|
|
29 |
|
|
|
1,573 |
|
| Norfolk Southern Corp. |
|
|
34 |
|
|
|
8,419 |
|
| Old Dominion Freight Line, Inc. |
|
|
28 |
|
|
|
5,643 |
|
| Union Pacific Corp. |
|
|
89 |
|
|
|
21,881 |
|
| United Parcel Service, Inc., Class B |
|
|
2,577 |
|
|
|
351,281 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
842,821 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
1,605,646 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Technology — 30.3% |
|
|
|
|
|
|
|
|
| Computers — 6.0% |
|
|
|
|
|
|
|
|
| Accenture plc, (Ireland), Class A |
|
|
87 |
|
|
|
30,735 |
|
| Amentum Holdings, Inc. (a) |
|
|
25 |
|
|
|
810 |
|
| Apple, Inc. |
|
|
5,711 |
|
|
|
1,330,775 |
|
| Cognizant Technology Solutions Corp., Class A |
|
|
77 |
|
|
|
5,965 |
|
| Crowdstrike Holdings, Inc., Class A (a) |
|
|
129 |
|
|
|
36,236 |
|
| Dell Technologies, Inc., Class C |
|
|
110 |
|
|
|
13,084 |
|
| EPAM Systems, Inc. (a) |
|
|
9 |
|
|
|
1,732 |
|
| Fortinet, Inc. (a) |
|
|
366 |
|
|
|
28,377 |
|
| Gartner, Inc. (a) |
|
|
9 |
|
|
|
4,769 |
|
| Hewlett Packard Enterprise Co. |
|
|
537 |
|
|
|
10,980 |
|
| HP, Inc. |
|
|
394 |
|
|
|
14,144 |
|
| International Business Machines Corp. |
|
|
129 |
|
|
|
28,577 |
|
| Leidos Holdings, Inc. |
|
|
16 |
|
|
|
2,641 |
|
| NetApp, Inc. |
|
|
82 |
|
|
|
10,174 |
|
| Pure Storage, Inc., Class A (a) |
|
|
114 |
|
|
|
5,727 |
|
| Seagate Technology Holdings plc |
|
|
77 |
|
|
|
8,452 |
|
| Super Micro Computer, Inc. (a) |
|
|
21 |
|
|
|
8,745 |
|
| TE CONNECTIVITY plc (a) |
|
|
124 |
|
|
|
18,726 |
|
| Western Digital Corp. (a) |
|
|
125 |
|
|
|
8,524 |
|
| Zscaler, Inc. (a) |
|
|
52 |
|
|
|
8,837 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,578,010 |
|
|
|
|
|
|
|
|
|
|
| Office/Business Equipment — 0.0% (g) |
|
|
|
|
|
|
|
|
| Zebra Technologies Corp., Class A (a) |
|
|
18 |
|
|
|
6,834 |
|
|
|
|
|
|
|
|
|
|
| Semiconductors — 11.1% |
|
|
|
|
|
|
|
|
| Advanced Micro Devices, Inc. (a) |
|
|
865 |
|
|
|
141,963 |
|
| Analog Devices, Inc. |
|
|
267 |
|
|
|
61,429 |
|
| Applied Materials, Inc. |
|
|
444 |
|
|
|
89,656 |
|
| Broadcom, Inc. |
|
|
2,363 |
|
|
|
407,656 |
|
| Entegris, Inc. |
|
|
76 |
|
|
|
8,529 |
|
| Intel Corp. |
|
|
2,279 |
|
|
|
53,471 |
|
| KLA Corp. |
|
|
72 |
|
|
|
55,659 |
|
| Lam Research Corp. |
|
|
70 |
|
|
|
56,994 |
|
| Marvell Technology, Inc. |
|
|
462 |
|
|
|
33,355 |
|
| Microchip Technology, Inc. |
|
|
286 |
|
|
|
22,932 |
|
| Micron Technology, Inc. |
|
|
594 |
|
|
|
61,636 |
|
| Monolithic Power Systems, Inc. |
|
|
26 |
|
|
|
23,869 |
|
| NVIDIA Corp. |
|
|
13,179 |
|
|
|
1,600,462 |
|
| NXP Semiconductors NV, (Netherlands) |
|
|
137 |
|
|
|
32,780 |
|
| ON Semiconductor Corp. (a) |
|
|
227 |
|
|
|
16,450 |
|
| Qorvo, Inc. (a) |
|
|
48 |
|
|
|
4,974 |
|
| QUALCOMM, Inc. |
|
|
598 |
|
|
|
101,750 |
|
| Skyworks Solutions, Inc. |
|
|
87 |
|
|
|
8,598 |
|
| Teradyne, Inc. |
|
|
80 |
|
|
|
10,648 |
|
| Texas Instruments, Inc. |
|
|
488 |
|
|
|
100,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,893,690 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Software — 13.2% |
|
|
|
|
|
|
|
|
| Adobe, Inc. (a) |
|
|
249 |
|
|
|
128,967 |
|
| Akamai Technologies, Inc. (a) |
|
|
22 |
|
|
|
2,239 |
|
| ANSYS, Inc. (a) |
|
|
50 |
|
|
|
15,815 |
|
| AppLovin Corp., Class A (a) |
|
|
113 |
|
|
|
14,731 |
|
| Aspen Technology, Inc. (a) |
|
|
17 |
|
|
|
3,944 |
|
| Atlassian Corp., (Australia), Class A (a) |
|
|
88 |
|
|
|
14,034 |
|
| Autodesk, Inc. (a) |
|
|
120 |
|
|
|
33,108 |
|
| Bentley Systems, Inc., Class B |
|
|
84 |
|
|
|
4,263 |
|
| Broadridge Financial Solutions, Inc. |
|
|
20 |
|
|
|
4,286 |
|
| Cadence Design Systems, Inc. (a) |
|
|
152 |
|
|
|
41,199 |
|
| Cloudflare, Inc., Class A (a) |
|
|
43 |
|
|
|
3,512 |
|
| Datadog, Inc., Class A (a) |
|
|
154 |
|
|
|
17,765 |
|
| Dayforce, Inc. (a) |
|
|
22 |
|
|
|
1,349 |
|
| DocuSign, Inc., Class A (a) |
|
|
117 |
|
|
|
7,294 |
|
| Dynatrace, Inc. (a) |
|
|
159 |
|
|
|
8,507 |
|
| Electronic Arts, Inc. |
|
|
33 |
|
|
|
4,791 |
|
| Fair Isaac Corp. (a) |
|
|
14 |
|
|
|
26,444 |
|
| Fidelity National Information Services, Inc. |
|
|
327 |
|
|
|
27,421 |
|
| Fiserv, Inc. (a) |
|
|
360 |
|
|
|
64,752 |
|
| HubSpot, Inc. (a) |
|
|
28 |
|
|
|
14,674 |
|
| Intuit, Inc. |
|
|
157 |
|
|
|
97,730 |
|
| Jack Henry & Associates, Inc. |
|
|
32 |
|
|
|
5,694 |
|
| Manhattan Associates, Inc. (a) |
|
|
32 |
|
|
|
9,111 |
|
| Microsoft Corp. |
|
|
4,219 |
|
|
|
1,815,251 |
|
| MicroStrategy, Inc., Class A (a) |
|
|
86 |
|
|
|
14,429 |
|
| MongoDB, Inc., Class A (a) |
|
|
11 |
|
|
|
2,864 |
|
| MSCI, Inc., Class A |
|
|
44 |
|
|
|
25,814 |
|
| Oracle Corp. |
|
|
3,207 |
|
|
|
546,497 |
|
| Palantir Technologies, Inc., Class A (a) |
|
|
1,132 |
|
|
|
42,100 |
|
| Paychex, Inc. |
|
|
47 |
|
|
|
6,297 |
|
| Paycom Software, Inc. |
|
|
8 |
|
|
|
1,351 |
|
| PTC, Inc. (a) |
|
|
63 |
|
|
|
11,410 |
|
| ROBLOX Corp., Class A (a) |
|
|
62 |
|
|
|
2,737 |
|
| Roper Technologies, Inc. |
|
|
60 |
|
|
|
33,428 |
|
| Salesforce, Inc. |
|
|
544 |
|
|
|
148,938 |
|
| Samsara, Inc., Class A (a) |
|
|
109 |
|
|
|
5,227 |
|
| ServiceNow, Inc. (a) |
|
|
115 |
|
|
|
102,990 |
|
| Snowflake, Inc., Class A (a) |
|
|
44 |
|
|
|
5,043 |
|
| SS&C Technologies Holdings, Inc. |
|
|
32 |
|
|
|
2,349 |
|
| Synopsys, Inc. (a) |
|
|
86 |
|
|
|
43,342 |
|
| Take-Two Interactive Software, Inc. (a) |
|
|
23 |
|
|
|
3,549 |
|
| Twilio, Inc., Class A (a) |
|
|
25 |
|
|
|
1,623 |
|
| Tyler Technologies, Inc. (a) |
|
|
24 |
|
|
|
14,035 |
|
| Veeva Systems, Inc., Class A (a) |
|
|
21 |
|
|
|
4,307 |
|
| Workday, Inc., Class A (a) |
|
|
119 |
|
|
|
29,063 |
|
| Zoom Video Communications, Inc., Class A (a) |
|
|
143 |
|
|
|
9,996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,424,270 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
7,902,804 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Utilities — 0.6% |
|
|
|
|
|
|
|
|
| Electric — 0.6% |
|
|
|
|
|
|
|
|
| AES Corp. (The) |
|
|
81 |
|
|
|
1,628 |
|
| Alliant Energy Corp. |
|
|
22 |
|
|
|
1,342 |
|
| Ameren Corp. |
|
|
40 |
|
|
|
3,460 |
|
| American Electric Power Co., Inc. |
|
|
78 |
|
|
|
7,952 |
|
| CenterPoint Energy, Inc. |
|
|
68 |
|
|
|
1,986 |
|
| CMS Energy Corp. |
|
|
31 |
|
|
|
2,197 |
|
| Consolidated Edison, Inc. |
|
|
57 |
|
|
|
5,971 |
|
| Constellation Energy Corp. |
|
|
43 |
|
|
|
11,084 |
|
| Dominion Energy, Inc. |
|
|
127 |
|
|
|
7,335 |
|
| DTE Energy Co. |
|
|
27 |
|
|
|
3,516 |
|
| Duke Energy Corp. |
|
|
112 |
|
|
|
12,963 |
|
| Edison International |
|
|
52 |
|
|
|
4,494 |
|
| Entergy Corp. |
|
|
39 |
|
|
|
5,122 |
|
| Evergy, Inc. |
|
|
30 |
|
|
|
1,847 |
|
| Eversource Energy |
|
|
40 |
|
|
|
2,755 |
|
| Exelon Corp. |
|
|
137 |
|
|
|
5,547 |
|
| FirstEnergy Corp. |
|
|
61 |
|
|
|
2,706 |
|
| NextEra Energy, Inc. |
|
|
282 |
|
|
|
23,870 |
|
| NRG Energy, Inc. |
|
|
30 |
|
|
|
2,774 |
|
| PG&E Corp. |
|
|
255 |
|
|
|
5,048 |
|
| PPL Corp. |
|
|
77 |
|
|
|
2,536 |
|
| Public Service Enterprise Group, Inc. |
|
|
70 |
|
|
|
6,249 |
|
| Sempra |
|
|
91 |
|
|
|
7,647 |
|
| Southern Co. (The) |
|
|
168 |
|
|
|
15,115 |
|
| Vistra Corp. |
|
|
49 |
|
|
|
5,843 |
|
| WEC Energy Group, Inc. |
|
|
45 |
|
|
|
4,367 |
|
| Xcel Energy, Inc. |
|
|
81 |
|
|
|
5,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
160,618 |
|
|
|
|
|
|
|
|
|
|
| Gas — 0.0% (g) |
|
|
|
|
|
|
|
|
| Atmos Energy Corp. |
|
|
18 |
|
|
|
2,472 |
|
| NiSource, Inc. |
|
|
38 |
|
|
|
1,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,803 |
|
|
|
|
|
|
|
|
|
|
| Water — 0.0% (g) |
|
|
|
|
|
|
|
|
| American Water Works Co., Inc. |
|
|
20 |
|
|
|
2,918 |
|
| Essential Utilities, Inc. |
|
|
6 |
|
|
|
250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,168 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
167,589 |
|
|
|
|
|
|
|
|
|
|
| Total Common Stocks
(Cost $16,831,397) |
|
|
|
|
|
|
25,984,313 |
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE
($) |
|
| Short-Term Investments — 0.2% |
|
|
|
|
|
|
|
|
| Time Deposits — 0.2% |
|
|
|
|
|
|
|
|
| Australia & New Zealand Banking Group Ltd., 4.18%, 10/01/2024 |
|
|
1,481 |
|
|
|
1,481 |
|
| Citibank NA, 4.18%, 10/01/2024 |
|
|
10,319 |
|
|
|
10,319 |
|
| Royal Bank of Canada, 4.18%, 10/01/2024 |
|
|
14,359 |
|
|
|
14,359 |
|
| Sumitomo Mitsui Banking Corp., 4.18%, 10/01/2024 |
|
|
25,798 |
|
|
|
25,798 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
20,227 |
|
|
|
20,227 |
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments
(Cost $72,184) |
|
|
|
|
|
|
72,184 |
|
|
|
|
|
|
|
|
|
|
| Total Investments — 100.0%
(Cost - $16,903,581) * |
|
|
|
|
|
|
26,056,497 |
|
| Liabilities in Excess of Other Assets — 0.0% (g) |
|
|
|
|
|
|
(8,665 |
) |
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
26,047,832 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| E-mini Consumer Staples Select Sector Index |
|
|
4 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
341 |
|
|
|
(3 |
) |
| E-mini Energy Select Sector Index |
|
|
9 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
809 |
|
|
|
26 |
|
| E-mini Financial Select Sector Index |
|
|
42 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
5,867 |
|
|
|
56 |
|
| E-mini Health Care Select Sector Index |
|
|
18 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
2,873 |
|
|
|
(45 |
) |
| E-mini Technology Select Sector Index |
|
|
32 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
7,192 |
|
|
|
166 |
|
| Micro E-mini NASDAQ 100 Index |
|
|
38 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
1,499 |
|
|
|
41 |
|
| NASDAQ 100 E-mini Index |
|
|
3 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
1,193 |
|
|
|
23 |
|
| S&P 500 E-mini Index |
|
|
109 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
31,013 |
|
|
|
674 |
|
| S&P Mid-cap 400
E-mini Index |
|
|
5 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
1,527 |
|
|
|
48 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
| NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
|
| AS OF SEPTEMBER 30, 2024 |
|
|
|
| (a) |
|
— |
|
Non-income producing security. |
| (g) |
|
— |
|
Amount rounds to less than 0.05%. |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| USD |
|
— |
|
United States Dollar |
Six Circles U.S. Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Summary of Investments by Industry, September 30, 2024
The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:
|
|
|
|
|
| INDUSTRY |
|
PERCENTAGE |
|
| Internet |
|
|
14.9 |
% |
| Software |
|
|
13.1 |
% |
| Semiconductors |
|
|
11.1 |
% |
| Pharmaceuticals |
|
|
6.4 |
% |
| Computers |
|
|
6.1 |
% |
| Retail |
|
|
5.5 |
% |
| Banks |
|
|
4.7 |
% |
| Diversified Financial Services |
|
|
4.2 |
% |
| Insurance |
|
|
4.0 |
% |
| Home Builders |
|
|
3.8 |
% |
| Healthcare - Services |
|
|
3.5 |
% |
| Transportation |
|
|
3.2 |
% |
| REITS |
|
|
2.3 |
% |
| Oil & Gas |
|
|
2.3 |
% |
| Beverages |
|
|
1.9 |
% |
| Healthcare - Products |
|
|
1.8 |
% |
| Chemicals |
|
|
1.2 |
% |
| Commercial Services |
|
|
1.2 |
% |
| Machinery - Diversified |
|
|
1.1 |
% |
| Others (Each less than 1.0%) |
|
|
7.4 |
% |
| Short-Term Investments |
|
|
0.3 |
% |
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — 98.3% |
|
|
|
|
|
|
|
|
| Austria — 0.2% |
|
|
|
|
|
|
|
|
| Erste Group Bank AG |
|
|
470 |
|
|
|
25,751 |
|
| OMV AG |
|
|
125 |
|
|
|
5,333 |
|
| Verbund AG |
|
|
50 |
|
|
|
4,106 |
|
| voestalpine AG |
|
|
223 |
|
|
|
5,796 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,986 |
|
|
|
|
|
|
|
|
|
|
| Belgium — 2.0% |
|
|
|
|
|
|
|
|
| Ageas SA |
|
|
248 |
|
|
|
13,247 |
|
| Anheuser-Busch InBev SA |
|
|
3,438 |
|
|
|
227,821 |
|
| D’ieteren Group |
|
|
3 |
|
|
|
721 |
|
| Elia Group SA |
|
|
22 |
|
|
|
2,460 |
|
| Groupe Bruxelles Lambert NV |
|
|
116 |
|
|
|
9,073 |
|
| KBC Group NV |
|
|
321 |
|
|
|
25,501 |
|
| Lotus Bakeries NV |
|
|
— |
(h) |
|
|
872 |
|
| Sofina SA |
|
|
21 |
|
|
|
5,994 |
|
| Syensqo SA |
|
|
154 |
|
|
|
13,659 |
|
| UCB SA |
|
|
77 |
|
|
|
13,948 |
|
| Warehouses De Pauw CVA |
|
|
28 |
|
|
|
749 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
314,045 |
|
|
|
|
|
|
|
|
|
|
| Chile — 0.1% |
|
|
|
|
|
|
|
|
| Antofagasta plc |
|
|
941 |
|
|
|
25,352 |
|
|
|
|
|
|
|
|
|
|
| China — 0.0% (g) |
|
|
|
|
|
|
|
|
| Silergy Corp. |
|
|
123 |
|
|
|
1,811 |
|
|
|
|
|
|
|
|
|
|
| Denmark — 7.8% |
|
|
|
|
|
|
|
|
| AP Moller - Maersk A/S, Class A |
|
|
3 |
|
|
|
4,318 |
|
| AP Moller - Maersk A/S, Class B |
|
|
4 |
|
|
|
6,491 |
|
| Carlsberg A/S, Class B |
|
|
365 |
|
|
|
43,509 |
|
| Coloplast A/S, Class B |
|
|
20 |
|
|
|
2,616 |
|
| Danske Bank A/S |
|
|
963 |
|
|
|
28,951 |
|
| Demant A/S (a) |
|
|
16 |
|
|
|
616 |
|
| DSV A/S |
|
|
149 |
|
|
|
30,707 |
|
| Genmab A/S (a) |
|
|
132 |
|
|
|
32,062 |
|
| Novo Nordisk A/S, Class B |
|
|
8,233 |
|
|
|
976,539 |
|
| Novonesis (Novozymes) B, Class B |
|
|
733 |
|
|
|
52,784 |
|
| Orsted A/S (a) (e) |
|
|
137 |
|
|
|
9,048 |
|
| Pandora A/S |
|
|
100 |
|
|
|
16,538 |
|
| ROCKWOOL A/S, Class B |
|
|
8 |
|
|
|
3,843 |
|
| Tryg A/S |
|
|
528 |
|
|
|
12,528 |
|
| Vestas Wind Systems A/S (a) |
|
|
880 |
|
|
|
19,359 |
|
| Zealand Pharma A/S (a) |
|
|
134 |
|
|
|
16,350 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,256,259 |
|
|
|
|
|
|
|
|
|
|
| Finland — 1.2% |
|
|
|
|
|
|
|
|
| Elisa OYJ |
|
|
23 |
|
|
|
1,202 |
|
| Fortum OYJ |
|
|
326 |
|
|
|
5,367 |
|
| Kesko OYJ, Class B |
|
|
44 |
|
|
|
928 |
|
| Kone OYJ, Class B |
|
|
295 |
|
|
|
17,662 |
|
| Metso OYJ |
|
|
543 |
|
|
|
5,811 |
|
| Neste OYJ |
|
|
67 |
|
|
|
1,311 |
|
| Nokia OYJ |
|
|
851 |
|
|
|
3,714 |
|
| Nordea Bank Abp |
|
|
4,404 |
|
|
|
51,990 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Finland — continued |
|
|
|
|
|
|
|
|
| Orion OYJ, Class B |
|
|
66 |
|
|
|
3,628 |
|
| Sampo OYJ, Class A |
|
|
780 |
|
|
|
36,399 |
|
| Stora Enso OYJ, Class R |
|
|
1,211 |
|
|
|
15,488 |
|
| UPM-Kymmene OYJ |
|
|
1,110 |
|
|
|
37,143 |
|
| Wartsila OYJ Abp |
|
|
440 |
|
|
|
9,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
190,498 |
|
|
|
|
|
|
|
|
|
|
| France — 11.8% |
|
|
|
|
|
|
|
|
| Accor SA |
|
|
31 |
|
|
|
1,345 |
|
| Aeroports de Paris SA |
|
|
30 |
|
|
|
3,836 |
|
| Air Liquide SA |
|
|
1,202 |
|
|
|
232,133 |
|
| Airbus SE |
|
|
519 |
|
|
|
75,989 |
|
| Alstom SA (a) |
|
|
303 |
|
|
|
6,299 |
|
| Amundi SA (e) |
|
|
87 |
|
|
|
6,489 |
|
| Arkema SA |
|
|
118 |
|
|
|
11,213 |
|
| AXA SA |
|
|
2,825 |
|
|
|
108,762 |
|
| BioMerieux |
|
|
7 |
|
|
|
784 |
|
| BNP Paribas SA |
|
|
1,421 |
|
|
|
97,502 |
|
| Bollore SE |
|
|
116 |
|
|
|
778 |
|
| Bouygues SA |
|
|
166 |
|
|
|
5,554 |
|
| Bureau Veritas SA |
|
|
278 |
|
|
|
9,223 |
|
| Capgemini SE |
|
|
25 |
|
|
|
5,355 |
|
| Carrefour SA |
|
|
91 |
|
|
|
1,546 |
|
| Cie de Saint-Gobain SA, Class A |
|
|
397 |
|
|
|
36,232 |
|
| Cie Generale des Etablissements Michelin SCA |
|
|
108 |
|
|
|
4,406 |
|
| Covivio SA |
|
|
8 |
|
|
|
512 |
|
| Credit Agricole SA |
|
|
1,479 |
|
|
|
22,617 |
|
| Danone SA |
|
|
103 |
|
|
|
7,471 |
|
| Dassault Aviation SA |
|
|
18 |
|
|
|
3,654 |
|
| Dassault Systemes SE |
|
|
107 |
|
|
|
4,237 |
|
| Edenred SE |
|
|
347 |
|
|
|
13,159 |
|
| Eiffage SA |
|
|
65 |
|
|
|
6,270 |
|
| Engie SA |
|
|
1,323 |
|
|
|
22,874 |
|
| EssilorLuxottica SA |
|
|
47 |
|
|
|
11,230 |
|
| Eurazeo SE |
|
|
63 |
|
|
|
5,201 |
|
| Gecina SA |
|
|
7 |
|
|
|
857 |
|
| Getlink SE |
|
|
261 |
|
|
|
4,652 |
|
| Hermes International SCA |
|
|
39 |
|
|
|
95,451 |
|
| Ipsen SA |
|
|
23 |
|
|
|
2,857 |
|
| Kering SA |
|
|
91 |
|
|
|
26,227 |
|
| Klepierre SA |
|
|
34 |
|
|
|
1,123 |
|
| La Francaise des Jeux SAEM (e) |
|
|
17 |
|
|
|
698 |
|
| Legrand SA |
|
|
229 |
|
|
|
26,348 |
|
| L’Oreal SA |
|
|
264 |
|
|
|
118,568 |
|
| LVMH Moet Hennessy Louis Vuitton SE |
|
|
337 |
|
|
|
258,277 |
|
| Orange SA |
|
|
297 |
|
|
|
3,407 |
|
| Pernod Ricard SA |
|
|
776 |
|
|
|
117,362 |
|
| Publicis Groupe SA |
|
|
37 |
|
|
|
3,995 |
|
| Renault SA |
|
|
190 |
|
|
|
8,258 |
|
| Rexel SA |
|
|
199 |
|
|
|
5,778 |
|
| Safran SA |
|
|
300 |
|
|
|
70,544 |
|
| Sanofi SA |
|
|
697 |
|
|
|
80,297 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| France — continued |
|
|
|
|
|
|
|
|
| Sartorius Stedim Biotech |
|
|
5 |
|
|
|
985 |
|
| Schneider Electric SE |
|
|
476 |
|
|
|
125,465 |
|
| SEB SA |
|
|
4 |
|
|
|
474 |
|
| Societe Generale SA |
|
|
1,008 |
|
|
|
25,128 |
|
| Sodexo SA |
|
|
14 |
|
|
|
1,160 |
|
| Teleperformance SE |
|
|
47 |
|
|
|
4,902 |
|
| Thales SA |
|
|
84 |
|
|
|
13,356 |
|
| TotalEnergies SE |
|
|
1,826 |
|
|
|
118,553 |
|
| Unibail-Rodamco-Westfield |
|
|
19 |
|
|
|
1,656 |
|
| Veolia Environnement SA |
|
|
500 |
|
|
|
16,455 |
|
| Vinci SA |
|
|
436 |
|
|
|
51,010 |
|
| Vivendi SE |
|
|
115 |
|
|
|
1,330 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,889,844 |
|
|
|
|
|
|
|
|
|
|
| Germany — 14.5% |
|
|
|
|
|
|
|
|
| adidas AG |
|
|
198 |
|
|
|
52,534 |
|
| Allianz SE (Registered) |
|
|
609 |
|
|
|
200,276 |
|
| BASF SE |
|
|
1,856 |
|
|
|
98,357 |
|
| Bayer AG (Registered) |
|
|
601 |
|
|
|
20,347 |
|
| Bayerische Motoren Werke AG |
|
|
313 |
|
|
|
27,655 |
|
| Bechtle AG |
|
|
13 |
|
|
|
591 |
|
| Beiersdorf AG |
|
|
109 |
|
|
|
16,417 |
|
| Brenntag SE |
|
|
114 |
|
|
|
8,493 |
|
| Carl Zeiss Meditec AG |
|
|
6 |
|
|
|
504 |
|
| Commerzbank AG |
|
|
1,406 |
|
|
|
25,928 |
|
| Continental AG |
|
|
17 |
|
|
|
1,131 |
|
| Covestro AG (a) (e) |
|
|
393 |
|
|
|
24,484 |
|
| CTS Eventim AG & Co. KGaA |
|
|
10 |
|
|
|
1,031 |
|
| Daimler Truck Holding AG |
|
|
432 |
|
|
|
16,237 |
|
| Delivery Hero SE, Class A (a) (e) |
|
|
31 |
|
|
|
1,238 |
|
| Deutsche Bank AG (Registered) |
|
|
2,645 |
|
|
|
45,783 |
|
| Deutsche Boerse AG |
|
|
265 |
|
|
|
62,250 |
|
| Deutsche Lufthansa AG (Registered) |
|
|
516 |
|
|
|
3,778 |
|
| Deutsche Post AG |
|
|
890 |
|
|
|
39,683 |
|
| Deutsche Telekom AG (Registered) |
|
|
557 |
|
|
|
16,356 |
|
| E.ON SE |
|
|
1,625 |
|
|
|
24,198 |
|
| Evonik Industries AG |
|
|
533 |
|
|
|
12,473 |
|
| Fresenius Medical Care AG |
|
|
33 |
|
|
|
1,392 |
|
| Fresenius SE & Co. KGaA (a) |
|
|
67 |
|
|
|
2,562 |
|
| GEA Group AG |
|
|
136 |
|
|
|
6,668 |
|
| Hannover Rueck SE |
|
|
94 |
|
|
|
26,768 |
|
| Heidelberg Materials AG |
|
|
284 |
|
|
|
30,920 |
|
| Henkel AG & Co. KGaA |
|
|
20 |
|
|
|
1,682 |
|
| Infineon Technologies AG |
|
|
208 |
|
|
|
7,308 |
|
| Knorr-Bremse AG |
|
|
63 |
|
|
|
5,620 |
|
| LEG Immobilien SE |
|
|
12 |
|
|
|
1,239 |
|
| Mercedes-Benz Group AG |
|
|
740 |
|
|
|
47,969 |
|
| Merck KGaA |
|
|
79 |
|
|
|
13,945 |
|
| MTU Aero Engines AG |
|
|
47 |
|
|
|
14,796 |
|
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered) |
|
|
208 |
|
|
|
114,643 |
|
| Nemetschek SE |
|
|
256 |
|
|
|
26,574 |
|
| Puma SE |
|
|
129 |
|
|
|
5,402 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Germany — continued |
|
|
|
|
|
|
|
|
| Rational AG |
|
|
4 |
|
|
|
4,585 |
|
| Rheinmetall AG |
|
|
38 |
|
|
|
20,772 |
|
| RWE AG |
|
|
457 |
|
|
|
16,645 |
|
| SAP SE |
|
|
4,624 |
|
|
|
1,057,562 |
|
| Scout24 SE (e) |
|
|
12 |
|
|
|
1,030 |
|
| Siemens AG |
|
|
663 |
|
|
|
134,087 |
|
| Siemens Energy AG (a) |
|
|
558 |
|
|
|
20,607 |
|
| Siemens Healthineers AG (e) |
|
|
45 |
|
|
|
2,682 |
|
| Symrise AG, Class A |
|
|
276 |
|
|
|
38,201 |
|
| Talanx AG |
|
|
101 |
|
|
|
8,509 |
|
| Vonovia SE |
|
|
119 |
|
|
|
4,337 |
|
| Zalando SE (a) (e) |
|
|
36 |
|
|
|
1,179 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,317,428 |
|
|
|
|
|
|
|
|
|
|
| Hong Kong — 0.3% |
|
|
|
|
|
|
|
|
| Prudential plc |
|
|
5,104 |
|
|
|
47,349 |
|
|
|
|
|
|
|
|
|
|
| Ireland — 0.8% |
|
|
|
|
|
|
|
|
| AerCap Holdings NV |
|
|
171 |
|
|
|
16,151 |
|
| AIB Group plc |
|
|
2,523 |
|
|
|
14,455 |
|
| Bank of Ireland Group plc |
|
|
1,427 |
|
|
|
15,935 |
|
| DCC plc |
|
|
117 |
|
|
|
7,973 |
|
| Experian plc |
|
|
1,084 |
|
|
|
57,085 |
|
| Kerry Group plc, Class A |
|
|
26 |
|
|
|
2,657 |
|
| Kingspan Group plc |
|
|
136 |
|
|
|
12,755 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
127,011 |
|
|
|
|
|
|
|
|
|
|
| Italy — 3.1% |
|
|
|
|
|
|
|
|
| Amplifon SpA |
|
|
20 |
|
|
|
571 |
|
| Banco BPM SpA |
|
|
1,799 |
|
|
|
12,154 |
|
| Davide Campari-Milano NV |
|
|
2,355 |
|
|
|
19,965 |
|
| DiaSorin SpA |
|
|
4 |
|
|
|
418 |
|
| Enel SpA |
|
|
5,885 |
|
|
|
47,007 |
|
| Eni SpA |
|
|
1,944 |
|
|
|
29,578 |
|
| Ferrari NV |
|
|
125 |
|
|
|
58,377 |
|
| FinecoBank Banca Fineco SpA |
|
|
851 |
|
|
|
14,604 |
|
| Generali |
|
|
1,586 |
|
|
|
45,907 |
|
| Infrastrutture Wireless Italiane SpA (e) |
|
|
55 |
|
|
|
672 |
|
| Intesa Sanpaolo SpA |
|
|
20,405 |
|
|
|
87,349 |
|
| Leonardo SpA |
|
|
262 |
|
|
|
5,858 |
|
| Mediobanca Banca di Credito Finanziario SpA |
|
|
699 |
|
|
|
11,949 |
|
| Moncler SpA |
|
|
269 |
|
|
|
17,118 |
|
| Nexi SpA (a) (e) |
|
|
832 |
|
|
|
5,655 |
|
| Poste Italiane SpA (e) |
|
|
713 |
|
|
|
10,016 |
|
| Prysmian SpA |
|
|
238 |
|
|
|
17,322 |
|
| Recordati Industria Chimica e Farmaceutica SpA |
|
|
64 |
|
|
|
3,635 |
|
| Snam SpA |
|
|
1,464 |
|
|
|
7,455 |
|
| Telecom Italia SpA (a) |
|
|
1,580 |
|
|
|
439 |
|
| Terna - Rete Elettrica Nazionale |
|
|
1,037 |
|
|
|
9,341 |
|
| UniCredit SpA |
|
|
2,057 |
|
|
|
90,319 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
495,709 |
|
|
|
|
|
|
|
|
|
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Japan — 2.1% |
|
|
|
|
|
|
|
|
| Advantest Corp. |
|
|
65 |
|
|
|
3,071 |
|
| Aeon Co. Ltd. |
|
|
55 |
|
|
|
1,505 |
|
| AGC, Inc. |
|
|
17 |
|
|
|
539 |
|
| Aisin Corp. |
|
|
45 |
|
|
|
500 |
|
| Ajinomoto Co., Inc. |
|
|
40 |
|
|
|
1,540 |
|
| ANA Holdings, Inc. |
|
|
14 |
|
|
|
298 |
|
| Asahi Group Holdings Ltd. |
|
|
124 |
|
|
|
1,624 |
|
| Asahi Kasei Corp. |
|
|
106 |
|
|
|
807 |
|
| Asics Corp. |
|
|
58 |
|
|
|
1,216 |
|
| Astellas Pharma, Inc. |
|
|
153 |
|
|
|
1,773 |
|
| Bandai Namco Holdings, Inc. |
|
|
51 |
|
|
|
1,159 |
|
| Bridgestone Corp. |
|
|
48 |
|
|
|
1,869 |
|
| Brother Industries Ltd. |
|
|
20 |
|
|
|
388 |
|
| Canon, Inc. |
|
|
79 |
|
|
|
2,615 |
|
| Capcom Co. Ltd. |
|
|
29 |
|
|
|
686 |
|
| Central Japan Railway Co. |
|
|
66 |
|
|
|
1,512 |
|
| Chiba Bank Ltd. (The) |
|
|
45 |
|
|
|
367 |
|
| Chubu Electric Power Co., Inc. |
|
|
55 |
|
|
|
642 |
|
| Chugai Pharmaceutical Co. Ltd. |
|
|
57 |
|
|
|
2,777 |
|
| Concordia Financial Group Ltd. |
|
|
89 |
|
|
|
497 |
|
| Dai Nippon Printing Co. Ltd. |
|
|
33 |
|
|
|
589 |
|
| Daifuku Co. Ltd. |
|
|
28 |
|
|
|
532 |
|
| Dai-ichi Life Holdings, Inc. |
|
|
77 |
|
|
|
2,006 |
|
| Daiichi Sankyo Co. Ltd. |
|
|
157 |
|
|
|
5,199 |
|
| Daikin Industries Ltd. |
|
|
22 |
|
|
|
3,144 |
|
| Daito Trust Construction Co. Ltd. |
|
|
5 |
|
|
|
609 |
|
| Daiwa House Industry Co. Ltd. |
|
|
48 |
|
|
|
1,495 |
|
| Daiwa Securities Group, Inc. |
|
|
113 |
|
|
|
802 |
|
| Denso Corp. |
|
|
161 |
|
|
|
2,426 |
|
| Dentsu Group, Inc. |
|
|
17 |
|
|
|
530 |
|
| Disco Corp. |
|
|
8 |
|
|
|
2,081 |
|
| East Japan Railway Co. |
|
|
78 |
|
|
|
1,544 |
|
| Eisai Co. Ltd. |
|
|
21 |
|
|
|
798 |
|
| ENEOS Holdings, Inc. |
|
|
244 |
|
|
|
1,337 |
|
| FANUC Corp. |
|
|
81 |
|
|
|
2,373 |
|
| Fast Retailing Co. Ltd. |
|
|
16 |
|
|
|
5,375 |
|
| Fuji Electric Co. Ltd. |
|
|
11 |
|
|
|
691 |
|
| FUJIFILM Holdings Corp. |
|
|
95 |
|
|
|
2,457 |
|
| Fujitsu Ltd. |
|
|
141 |
|
|
|
2,899 |
|
| Hamamatsu Photonics KK |
|
|
24 |
|
|
|
316 |
|
| Hankyu Hanshin Holdings, Inc. |
|
|
19 |
|
|
|
599 |
|
| Hikari Tsushin, Inc. |
|
|
2 |
|
|
|
334 |
|
| Hitachi Construction Machinery Co. Ltd. |
|
|
9 |
|
|
|
216 |
|
| Hitachi Ltd. |
|
|
395 |
|
|
|
10,461 |
|
| Honda Motor Co. Ltd. |
|
|
382 |
|
|
|
4,079 |
|
| Hoshizaki Corp. |
|
|
9 |
|
|
|
310 |
|
| Hoya Corp. |
|
|
30 |
|
|
|
4,127 |
|
| Hulic Co. Ltd. |
|
|
33 |
|
|
|
336 |
|
| Ibiden Co. Ltd. |
|
|
10 |
|
|
|
315 |
|
| Idemitsu Kosan Co. Ltd. |
|
|
83 |
|
|
|
602 |
|
| Inpex Corp. |
|
|
80 |
|
|
|
1,084 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Japan — continued |
|
|
|
|
|
|
|
|
| Isuzu Motors Ltd. |
|
|
51 |
|
|
|
697 |
|
| ITOCHU Corp. |
|
|
101 |
|
|
|
5,454 |
|
| Japan Airlines Co. Ltd. |
|
|
12 |
|
|
|
206 |
|
| Japan Exchange Group, Inc. |
|
|
84 |
|
|
|
1,094 |
|
| Japan Post Bank Co. Ltd. |
|
|
123 |
|
|
|
1,152 |
|
| Japan Post Holdings Co. Ltd. |
|
|
164 |
|
|
|
1,570 |
|
| Japan Post Insurance Co. Ltd. |
|
|
17 |
|
|
|
303 |
|
| Japan Real Estate Investment Corp. |
|
|
— |
(h) |
|
|
437 |
|
| Japan Tobacco, Inc. |
|
|
102 |
|
|
|
2,983 |
|
| JFE Holdings, Inc. |
|
|
49 |
|
|
|
656 |
|
| Kajima Corp. |
|
|
34 |
|
|
|
632 |
|
| Kansai Electric Power Co., Inc. (The) |
|
|
60 |
|
|
|
989 |
|
| KAO Corp. |
|
|
40 |
|
|
|
1,952 |
|
| Kawasaki Kisen Kaisha Ltd. |
|
|
33 |
|
|
|
519 |
|
| KDDI Corp. |
|
|
131 |
|
|
|
4,184 |
|
| Keisei Electric Railway Co. Ltd. |
|
|
11 |
|
|
|
331 |
|
| Keyence Corp. |
|
|
17 |
|
|
|
7,956 |
|
| Kikkoman Corp. |
|
|
58 |
|
|
|
654 |
|
| Kirin Holdings Co. Ltd. |
|
|
66 |
|
|
|
1,004 |
|
| Kobe Bussan Co. Ltd. |
|
|
13 |
|
|
|
402 |
|
| Kokusai Electric Corp. |
|
|
12 |
|
|
|
271 |
|
| Komatsu Ltd. |
|
|
79 |
|
|
|
2,214 |
|
| Konami Group Corp. |
|
|
9 |
|
|
|
867 |
|
| Kubota Corp. |
|
|
85 |
|
|
|
1,211 |
|
| Kyocera Corp. |
|
|
109 |
|
|
|
1,272 |
|
| Kyowa Kirin Co. Ltd. |
|
|
21 |
|
|
|
365 |
|
| Lasertec Corp. |
|
|
7 |
|
|
|
1,134 |
|
| LY Corp. |
|
|
227 |
|
|
|
661 |
|
| M3, Inc. |
|
|
38 |
|
|
|
379 |
|
| Makita Corp. |
|
|
20 |
|
|
|
686 |
|
| Marubeni Corp. |
|
|
121 |
|
|
|
1,996 |
|
| MatsukiyoCocokara & Co. |
|
|
29 |
|
|
|
481 |
|
| Mazda Motor Corp. |
|
|
48 |
|
|
|
368 |
|
| McDonald’s Holdings Co. Japan Ltd |
|
|
8 |
|
|
|
357 |
|
| MEIJI Holdings Co. Ltd. |
|
|
20 |
|
|
|
498 |
|
| MINEBEA MITSUMI, Inc. |
|
|
31 |
|
|
|
609 |
|
| Mitsubishi Chemical Group Corp. |
|
|
115 |
|
|
|
739 |
|
| Mitsubishi Corp. |
|
|
285 |
|
|
|
5,912 |
|
| Mitsubishi Electric Corp. |
|
|
164 |
|
|
|
2,657 |
|
| Mitsubishi Estate Co. Ltd. |
|
|
97 |
|
|
|
1,538 |
|
| Mitsubishi HC Capital, Inc. |
|
|
68 |
|
|
|
486 |
|
| Mitsubishi Heavy Industries Ltd. |
|
|
273 |
|
|
|
4,080 |
|
| Mitsubishi UFJ Financial Group, Inc. |
|
|
945 |
|
|
|
9,702 |
|
| Mitsui & Co. Ltd. |
|
|
219 |
|
|
|
4,898 |
|
| Mitsui Chemicals, Inc. |
|
|
15 |
|
|
|
390 |
|
| Mitsui Fudosan Co. Ltd. |
|
|
226 |
|
|
|
2,133 |
|
| Mitsui OSK Lines Ltd. |
|
|
29 |
|
|
|
1,011 |
|
| Mizuho Financial Group, Inc. |
|
|
205 |
|
|
|
4,246 |
|
| MonotaRO Co. Ltd. |
|
|
22 |
|
|
|
359 |
|
| MS&AD Insurance Group Holdings, Inc. |
|
|
109 |
|
|
|
2,564 |
|
| Murata Manufacturing Co. Ltd. |
|
|
144 |
|
|
|
2,850 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Japan — continued |
|
|
|
|
|
|
|
|
| NEC Corp. |
|
|
21 |
|
|
|
2,009 |
|
| Nexon Co. Ltd. |
|
|
29 |
|
|
|
566 |
|
| NIDEC Corp., |
|
|
71 |
|
|
|
1,491 |
|
| Nintendo Co. Ltd. |
|
|
89 |
|
|
|
4,730 |
|
| Nippon Building Fund, Inc. |
|
|
1 |
|
|
|
596 |
|
| Nippon Paint Holdings Co. Ltd. |
|
|
80 |
|
|
|
612 |
|
| Nippon Prologis REIT, Inc. |
|
|
— |
(h) |
|
|
336 |
|
| Nippon Sanso Holdings Corp. |
|
|
15 |
|
|
|
540 |
|
| Nippon Steel Corp. |
|
|
74 |
|
|
|
1,652 |
|
| Nippon Telegraph & Telephone Corp. |
|
|
2,533 |
|
|
|
2,597 |
|
| Nippon Yusen KK |
|
|
39 |
|
|
|
1,447 |
|
| Nissan Motor Co. Ltd. |
|
|
199 |
|
|
|
565 |
|
| Nissin Foods Holdings Co. Ltd. |
|
|
17 |
|
|
|
475 |
|
| Nitori Holdings Co. Ltd. |
|
|
7 |
|
|
|
1,012 |
|
| Nitto Denko Corp. |
|
|
61 |
|
|
|
1,027 |
|
| Nomura Holdings, Inc. |
|
|
255 |
|
|
|
1,330 |
|
| Nomura Real Estate Holdings, Inc. |
|
|
9 |
|
|
|
243 |
|
| Nomura Research Institute Ltd. |
|
|
32 |
|
|
|
1,188 |
|
| NTT Data Group Corp. |
|
|
54 |
|
|
|
963 |
|
| Obayashi Corp. |
|
|
55 |
|
|
|
701 |
|
| Obic Co. Ltd. |
|
|
28 |
|
|
|
982 |
|
| Olympus Corp. |
|
|
100 |
|
|
|
1,905 |
|
| Omron Corp. |
|
|
15 |
|
|
|
681 |
|
| Ono Pharmaceutical Co. Ltd. |
|
|
32 |
|
|
|
427 |
|
| Oracle Corp. Japan |
|
|
3 |
|
|
|
351 |
|
| Oriental Land Co. Ltd. |
|
|
93 |
|
|
|
2,393 |
|
| ORIX Corp. |
|
|
98 |
|
|
|
2,288 |
|
| Osaka Gas Co. Ltd. |
|
|
31 |
|
|
|
706 |
|
| Otsuka Corp. |
|
|
20 |
|
|
|
482 |
|
| Otsuka Holdings Co. Ltd. |
|
|
36 |
|
|
|
2,016 |
|
| Pan Pacific International Holdings Corp. |
|
|
32 |
|
|
|
839 |
|
| Panasonic Holdings Corp. |
|
|
198 |
|
|
|
1,737 |
|
| Rakuten Group, Inc. |
|
|
127 |
|
|
|
821 |
|
| Recruit Holdings Co. Ltd. |
|
|
126 |
|
|
|
7,673 |
|
| Renesas Electronics Corp. |
|
|
143 |
|
|
|
2,080 |
|
| Resona Holdings, Inc. |
|
|
179 |
|
|
|
1,253 |
|
| Ricoh Co. Ltd. |
|
|
47 |
|
|
|
506 |
|
| Rohm Co. Ltd. |
|
|
30 |
|
|
|
332 |
|
| SBI Holdings, Inc. |
|
|
23 |
|
|
|
532 |
|
| SCREEN Holdings Co. Ltd. |
|
|
7 |
|
|
|
485 |
|
| SCSK Corp. |
|
|
14 |
|
|
|
282 |
|
| Secom Co. Ltd. |
|
|
36 |
|
|
|
1,317 |
|
| Seiko Epson Corp. |
|
|
25 |
|
|
|
455 |
|
| Sekisui Chemical Co. Ltd. |
|
|
32 |
|
|
|
507 |
|
| Sekisui House Ltd. |
|
|
51 |
|
|
|
1,405 |
|
| Seven & i Holdings Co. Ltd. |
|
|
190 |
|
|
|
2,856 |
|
| SG Holdings Co. Ltd. |
|
|
28 |
|
|
|
297 |
|
| Shimadzu Corp. |
|
|
20 |
|
|
|
672 |
|
| Shimano, Inc. |
|
|
7 |
|
|
|
1,237 |
|
| Shin-Etsu Chemical Co. Ltd. |
|
|
153 |
|
|
|
6,406 |
|
| Shionogi & Co. Ltd. |
|
|
64 |
|
|
|
920 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Japan — continued |
|
|
|
|
|
|
|
|
| Shiseido Co. Ltd. |
|
|
34 |
|
|
|
922 |
|
| Shizuoka Financial Group, Inc. |
|
|
38 |
|
|
|
328 |
|
| SMC Corp. |
|
|
5 |
|
|
|
2,191 |
|
| SoftBank Corp. |
|
|
2,432 |
|
|
|
3,175 |
|
| SoftBank Group Corp. |
|
|
88 |
|
|
|
5,196 |
|
| Sompo Holdings, Inc. |
|
|
80 |
|
|
|
1,806 |
|
| Sony Group Corp. |
|
|
531 |
|
|
|
10,316 |
|
| Subaru Corp. |
|
|
51 |
|
|
|
904 |
|
| SUMCO Corp. |
|
|
30 |
|
|
|
321 |
|
| Sumitomo Corp. |
|
|
88 |
|
|
|
1,978 |
|
| Sumitomo Electric Industries Ltd. |
|
|
61 |
|
|
|
984 |
|
| Sumitomo Metal Mining Co. Ltd. |
|
|
21 |
|
|
|
630 |
|
| Sumitomo Mitsui Financial Group, Inc. |
|
|
320 |
|
|
|
6,827 |
|
| Sumitomo Mitsui Trust Holdings, Inc. |
|
|
56 |
|
|
|
1,328 |
|
| Sumitomo Realty & Development Co. Ltd. |
|
|
24 |
|
|
|
819 |
|
| Suntory Beverage & Food Ltd. |
|
|
12 |
|
|
|
444 |
|
| Suzuki Motor Corp. |
|
|
133 |
|
|
|
1,500 |
|
| Sysmex Corp. |
|
|
43 |
|
|
|
845 |
|
| T&D Holdings, Inc. |
|
|
42 |
|
|
|
732 |
|
| Taisei Corp. |
|
|
14 |
|
|
|
619 |
|
| Takeda Pharmaceutical Co. Ltd. |
|
|
135 |
|
|
|
3,901 |
|
| TDK Corp. |
|
|
165 |
|
|
|
2,108 |
|
| Terumo Corp. |
|
|
115 |
|
|
|
2,171 |
|
| TIS, Inc. |
|
|
18 |
|
|
|
465 |
|
| Toho Co. Ltd. |
|
|
10 |
|
|
|
389 |
|
| Tokio Marine Holdings, Inc. |
|
|
160 |
|
|
|
5,896 |
|
| Tokyo Electric Power Co. Holdings, Inc. (a) |
|
|
129 |
|
|
|
574 |
|
| Tokyo Electron Ltd. |
|
|
38 |
|
|
|
6,795 |
|
| Tokyo Gas Co. Ltd. |
|
|
31 |
|
|
|
713 |
|
| Tokyu Corp. |
|
|
42 |
|
|
|
549 |
|
| TOPPAN Holdings, Inc. |
|
|
20 |
|
|
|
604 |
|
| Toray Industries, Inc. |
|
|
118 |
|
|
|
695 |
|
| TOTO Ltd. |
|
|
12 |
|
|
|
454 |
|
| Toyota Industries Corp. |
|
|
13 |
|
|
|
985 |
|
| Toyota Motor Corp. |
|
|
874 |
|
|
|
15,702 |
|
| Toyota Tsusho Corp. |
|
|
54 |
|
|
|
987 |
|
| Trend Micro, Inc./Japan |
|
|
11 |
|
|
|
671 |
|
| Unicharm Corp. |
|
|
34 |
|
|
|
1,232 |
|
| West Japan Railway Co. |
|
|
37 |
|
|
|
707 |
|
| Yakult Honsha Co. Ltd. |
|
|
22 |
|
|
|
507 |
|
| Yamaha Motor Co. Ltd. |
|
|
72 |
|
|
|
644 |
|
| Yaskawa Electric Corp. |
|
|
20 |
|
|
|
711 |
|
| Yokogawa Electric Corp. |
|
|
19 |
|
|
|
497 |
|
| Zensho Holdings Co. Ltd. |
|
|
8 |
|
|
|
460 |
|
| ZOZO, Inc. |
|
|
12 |
|
|
|
425 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
334,790 |
|
|
|
|
|
|
|
|
|
|
| Jordan — 0.0% (g) |
|
|
|
|
|
|
|
|
| Hikma Pharmaceuticals plc |
|
|
154 |
|
|
|
3,946 |
|
|
|
|
|
|
|
|
|
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Luxembourg — 0.2% |
|
|
|
|
|
|
|
|
| ArcelorMittal SA |
|
|
975 |
|
|
|
25,529 |
|
| Eurofins Scientific SE |
|
|
22 |
|
|
|
1,364 |
|
| Tenaris SA |
|
|
76 |
|
|
|
1,209 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,102 |
|
|
|
|
|
|
|
|
|
|
| Netherlands — 10.5% |
|
|
|
|
|
|
|
|
| ABN AMRO Bank NV, CVA (e) |
|
|
639 |
|
|
|
11,543 |
|
| Adyen NV (a) (e) |
|
|
30 |
|
|
|
47,498 |
|
| Aegon Ltd. |
|
|
2,113 |
|
|
|
13,574 |
|
| Akzo Nobel NV |
|
|
355 |
|
|
|
25,056 |
|
| Argenx SE (a) |
|
|
9 |
|
|
|
5,125 |
|
| ASM International NV |
|
|
147 |
|
|
|
97,007 |
|
| ASML Holding NV |
|
|
1,251 |
|
|
|
1,040,950 |
|
| ASR Nederland NV |
|
|
246 |
|
|
|
12,080 |
|
| BE Semiconductor Industries NV |
|
|
241 |
|
|
|
30,789 |
|
| Euronext NV (e) |
|
|
112 |
|
|
|
12,184 |
|
| EXOR NV |
|
|
138 |
|
|
|
14,833 |
|
| Ferrovial SE |
|
|
456 |
|
|
|
19,610 |
|
| Heineken Holding NV |
|
|
496 |
|
|
|
37,468 |
|
| Heineken NV |
|
|
1,102 |
|
|
|
97,811 |
|
| IMCD NV |
|
|
49 |
|
|
|
8,567 |
|
| ING Groep NV |
|
|
4,609 |
|
|
|
83,629 |
|
| JDE Peet’s NV |
|
|
19 |
|
|
|
401 |
|
| Koninklijke Ahold Delhaize NV |
|
|
151 |
|
|
|
5,202 |
|
| Koninklijke KPN NV |
|
|
629 |
|
|
|
2,568 |
|
| Koninklijke Philips NV |
|
|
128 |
|
|
|
4,202 |
|
| NN Group NV |
|
|
421 |
|
|
|
20,996 |
|
| OCI NV |
|
|
218 |
|
|
|
6,225 |
|
| Prosus NV (a) |
|
|
226 |
|
|
|
9,868 |
|
| QIAGEN NV (a) |
|
|
36 |
|
|
|
1,608 |
|
| Randstad NV |
|
|
94 |
|
|
|
4,681 |
|
| Stellantis NV |
|
|
2,092 |
|
|
|
28,975 |
|
| Universal Music Group NV |
|
|
132 |
|
|
|
3,449 |
|
| Wolters Kluwer NV |
|
|
217 |
|
|
|
36,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,682,481 |
|
|
|
|
|
|
|
|
|
|
| Norway — 0.6% |
|
|
|
|
|
|
|
|
| Aker BP ASA |
|
|
50 |
|
|
|
1,074 |
|
| DNB Bank ASA |
|
|
1,249 |
|
|
|
25,607 |
|
| Equinor ASA |
|
|
711 |
|
|
|
17,980 |
|
| Gjensidige Forsikring ASA |
|
|
308 |
|
|
|
5,762 |
|
| Kongsberg Gruppen ASA |
|
|
78 |
|
|
|
7,611 |
|
| Mowi ASA |
|
|
74 |
|
|
|
1,333 |
|
| Norsk Hydro ASA |
|
|
2,926 |
|
|
|
18,899 |
|
| Orkla ASA |
|
|
113 |
|
|
|
1,063 |
|
| Salmar ASA |
|
|
11 |
|
|
|
555 |
|
| Telenor ASA |
|
|
101 |
|
|
|
1,289 |
|
| Yara International ASA |
|
|
344 |
|
|
|
10,867 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
92,040 |
|
|
|
|
|
|
|
|
|
|
| Poland — 0.0% (g) |
|
|
|
|
|
|
|
|
| InPost SA (a) |
|
|
177 |
|
|
|
3,336 |
|
|
|
|
|
|
|
|
|
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Portugal — 0.1% |
|
|
|
|
|
|
|
|
| EDP SA |
|
|
2,279 |
|
|
|
10,395 |
|
| Galp Energia SGPS SA |
|
|
393 |
|
|
|
7,358 |
|
| Jeronimo Martins SGPS SA |
|
|
45 |
|
|
|
886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,639 |
|
|
|
|
|
|
|
|
|
|
| Spain — 2.4% |
|
|
|
|
|
|
|
|
| Acciona SA |
|
|
18 |
|
|
|
2,535 |
|
| ACS Actividades de Construccion y Servicios SA |
|
|
167 |
|
|
|
7,705 |
|
| Aena SME SA (e) |
|
|
66 |
|
|
|
14,486 |
|
| Amadeus IT Group SA |
|
|
72 |
|
|
|
5,211 |
|
| Banco Bilbao Vizcaya Argentaria SA |
|
|
8,046 |
|
|
|
86,914 |
|
| Banco de Sabadell SA |
|
|
7,570 |
|
|
|
16,076 |
|
| Banco Santander SA |
|
|
21,632 |
|
|
|
110,842 |
|
| CaixaBank SA |
|
|
5,077 |
|
|
|
30,297 |
|
| Cellnex Telecom SA (e) |
|
|
84 |
|
|
|
3,400 |
|
| EDP Renovaveis SA |
|
|
226 |
|
|
|
3,945 |
|
| Endesa SA |
|
|
235 |
|
|
|
5,142 |
|
| Grifols SA (a) |
|
|
48 |
|
|
|
540 |
|
| Iberdrola SA |
|
|
4,436 |
|
|
|
68,575 |
|
| Industria de Diseno Textil SA |
|
|
174 |
|
|
|
10,322 |
|
| Redeia Corp. SA |
|
|
243 |
|
|
|
4,726 |
|
| Repsol SA |
|
|
1,031 |
|
|
|
13,594 |
|
| Telefonica SA |
|
|
650 |
|
|
|
3,181 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
387,491 |
|
|
|
|
|
|
|
|
|
|
| Sweden — 3.3% |
|
|
|
|
|
|
|
|
| AddTech AB, Class B |
|
|
225 |
|
|
|
6,759 |
|
| Alfa Laval AB |
|
|
253 |
|
|
|
12,151 |
|
| Assa Abloy AB, Class B |
|
|
868 |
|
|
|
29,245 |
|
| Atlas Copco AB, Class A |
|
|
2,338 |
|
|
|
45,309 |
|
| Atlas Copco AB, Class B |
|
|
1,363 |
|
|
|
23,378 |
|
| Beijer Ref AB, Class B |
|
|
314 |
|
|
|
5,172 |
|
| Boliden AB |
|
|
569 |
|
|
|
19,306 |
|
| Epiroc AB, Class A |
|
|
570 |
|
|
|
12,354 |
|
| Epiroc AB, Class B |
|
|
343 |
|
|
|
6,497 |
|
| EQT AB |
|
|
519 |
|
|
|
17,832 |
|
| Essity AB, Class B |
|
|
97 |
|
|
|
3,026 |
|
| Evolution AB (e) |
|
|
29 |
|
|
|
2,811 |
|
| Fastighets AB Balder, Class B (a) |
|
|
106 |
|
|
|
929 |
|
| Getinge AB, Class B |
|
|
36 |
|
|
|
784 |
|
| H & M Hennes & Mauritz AB, Class B |
|
|
91 |
|
|
|
1,557 |
|
| Hexagon AB, Class B |
|
|
331 |
|
|
|
3,562 |
|
| Holmen AB, Class B |
|
|
158 |
|
|
|
6,827 |
|
| Husqvarna AB, Class B |
|
|
302 |
|
|
|
2,115 |
|
| Industrivarden AB, Class A |
|
|
175 |
|
|
|
6,470 |
|
| Industrivarden AB, Class C |
|
|
218 |
|
|
|
8,014 |
|
| Indutrade AB |
|
|
238 |
|
|
|
7,417 |
|
| Investment AB Latour, Class B |
|
|
131 |
|
|
|
4,089 |
|
| Investor AB, Class B |
|
|
2,415 |
|
|
|
74,431 |
|
| L E Lundbergforetagen AB, Class B |
|
|
107 |
|
|
|
6,139 |
|
| Lifco AB, Class B |
|
|
206 |
|
|
|
6,776 |
|
| Nibe Industrier AB, Class B |
|
|
1,314 |
|
|
|
7,200 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Sweden — continued |
|
|
|
|
|
|
|
|
| Saab AB, Class B |
|
|
285 |
|
|
|
6,084 |
|
| Sagax AB, Class B |
|
|
35 |
|
|
|
1,007 |
|
| Sandvik AB |
|
|
928 |
|
|
|
20,760 |
|
| Securitas AB, Class B |
|
|
431 |
|
|
|
5,474 |
|
| Skandinaviska Enskilda Banken AB, Class A |
|
|
2,215 |
|
|
|
33,903 |
|
| Skanska AB, Class B |
|
|
298 |
|
|
|
6,217 |
|
| SKF AB, Class B |
|
|
296 |
|
|
|
5,903 |
|
| Svenska Cellulosa AB SCA, Class B |
|
|
1,259 |
|
|
|
18,360 |
|
| Svenska Handelsbanken AB, Class A |
|
|
2,037 |
|
|
|
20,927 |
|
| Swedbank AB, Class A |
|
|
1,185 |
|
|
|
25,143 |
|
| Swedish Orphan Biovitrum AB (a) |
|
|
31 |
|
|
|
1,005 |
|
| Tele2 AB, Class B |
|
|
85 |
|
|
|
965 |
|
| Telefonaktiebolaget LM Ericsson, Class B |
|
|
442 |
|
|
|
3,340 |
|
| Telia Co. AB |
|
|
373 |
|
|
|
1,207 |
|
| Trelleborg AB, Class B |
|
|
186 |
|
|
|
7,177 |
|
| Volvo AB, Class A |
|
|
171 |
|
|
|
4,558 |
|
| Volvo AB, Class B |
|
|
1,392 |
|
|
|
36,830 |
|
| Volvo Car AB, Class B (a) |
|
|
733 |
|
|
|
2,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
521,028 |
|
|
|
|
|
|
|
|
|
|
| Switzerland — 15.8% |
|
|
|
|
|
|
|
|
| ABB Ltd. (Registered) |
|
|
1,383 |
|
|
|
80,230 |
|
| Adecco Group AG (Registered) |
|
|
146 |
|
|
|
4,996 |
|
| Alcon, Inc. |
|
|
80 |
|
|
|
7,974 |
|
| Avolta AG (a) |
|
|
14 |
|
|
|
613 |
|
| Bachem Holding AG, Class B |
|
|
5 |
|
|
|
456 |
|
| Baloise Holding AG (Registered) |
|
|
68 |
|
|
|
13,821 |
|
| Banque Cantonale Vaudoise (Registered) |
|
|
42 |
|
|
|
4,287 |
|
| Barry Callebaut AG (Registered) |
|
|
11 |
|
|
|
19,577 |
|
| BKW AG |
|
|
15 |
|
|
|
2,797 |
|
| Chocoladefabriken Lindt & Spruengli AG |
|
|
3 |
|
|
|
37,423 |
|
| Chocoladefabriken Lindt & Spruengli AG (Registered) |
|
|
— |
(h) |
|
|
40,886 |
|
| Cie Financiere Richemont SA, Class A (Registered) |
|
|
658 |
|
|
|
104,481 |
|
| Clariant AG (Registered) (a) |
|
|
449 |
|
|
|
6,810 |
|
| Coca-Cola HBC AG (a) |
|
|
903 |
|
|
|
32,179 |
|
| DSM-Firmenich AG |
|
|
387 |
|
|
|
53,367 |
|
| EMS-Chemie Holding AG (Registered) |
|
|
15 |
|
|
|
12,264 |
|
| Galderma Group AG (a) |
|
|
36 |
|
|
|
3,352 |
|
| Geberit AG |
|
|
29 |
|
|
|
18,949 |
|
| Givaudan SA |
|
|
19 |
|
|
|
105,336 |
|
| Glencore plc (a) |
|
|
24,761 |
|
|
|
141,799 |
|
| Helvetia Holding AG (Registered) |
|
|
58 |
|
|
|
10,020 |
|
| Holcim AG (a) |
|
|
1,084 |
|
|
|
106,126 |
|
| Julius Baer Group Ltd. |
|
|
286 |
|
|
|
17,273 |
|
| Kuehne + Nagel International AG (Registered) |
|
|
42 |
|
|
|
11,517 |
|
| Logitech International SA (Registered) |
|
|
25 |
|
|
|
2,220 |
|
| Lonza Group AG |
|
|
12 |
|
|
|
7,328 |
|
| Nestle SA |
|
|
7,786 |
|
|
|
782,450 |
|
| Novartis AG |
|
|
1,206 |
|
|
|
138,901 |
|
| Partners Group Holding AG |
|
|
32 |
|
|
|
47,747 |
|
| Roche Holding AG |
|
|
450 |
|
|
|
144,314 |
|
| Sandoz Group AG |
|
|
250 |
|
|
|
10,427 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| Switzerland — continued |
|
|
|
|
|
|
|
|
| Schindler Holding AG |
|
|
35 |
|
|
|
10,375 |
|
| Schindler Holding AG (Registered) |
|
|
21 |
|
|
|
5,832 |
|
| SGS SA (Registered) |
|
|
134 |
|
|
|
14,973 |
|
| SIG Group AG (a) |
|
|
636 |
|
|
|
14,174 |
|
| Sika AG (Registered) |
|
|
317 |
|
|
|
105,069 |
|
| Sonova Holding AG (Registered) |
|
|
8 |
|
|
|
2,901 |
|
| STMicroelectronics NV |
|
|
108 |
|
|
|
3,217 |
|
| Straumann Holding AG |
|
|
18 |
|
|
|
2,902 |
|
| Swatch Group AG (The) |
|
|
35 |
|
|
|
7,563 |
|
| Swatch Group AG (The) (Registered) |
|
|
64 |
|
|
|
2,760 |
|
| Swiss Life Holding AG (Registered) |
|
|
45 |
|
|
|
37,396 |
|
| Swiss Prime Site AG (Registered) |
|
|
12 |
|
|
|
1,361 |
|
| Swiss Re AG |
|
|
469 |
|
|
|
64,888 |
|
| Swisscom AG (Registered) |
|
|
4 |
|
|
|
2,681 |
|
| Temenos AG (Registered) |
|
|
10 |
|
|
|
710 |
|
| UBS Group AG (Registered) |
|
|
4,590 |
|
|
|
142,040 |
|
| VAT Group AG (e) |
|
|
23 |
|
|
|
12,007 |
|
| Zurich Insurance Group AG |
|
|
228 |
|
|
|
137,459 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,538,228 |
|
|
|
|
|
|
|
|
|
|
| Taiwan — 2.1% |
|
|
|
|
|
|
|
|
| Alchip Technologies Ltd. |
|
|
30 |
|
|
|
1,889 |
|
| ASE Technology Holding Co. Ltd. |
|
|
1,249 |
|
|
|
5,923 |
|
| eMemory Technology, Inc. |
|
|
24 |
|
|
|
1,975 |
|
| Global Unichip Corp. |
|
|
33 |
|
|
|
1,133 |
|
| Globalwafers Co. Ltd. |
|
|
100 |
|
|
|
1,434 |
|
| MediaTek, Inc. |
|
|
577 |
|
|
|
21,266 |
|
| Nanya Technology Corp. (a) |
|
|
471 |
|
|
|
704 |
|
| Novatek Microelectronics Corp. |
|
|
220 |
|
|
|
3,582 |
|
| Realtek Semiconductor Corp. |
|
|
185 |
|
|
|
2,746 |
|
| Taiwan Semiconductor Manufacturing Co. Ltd. |
|
|
9,354 |
|
|
|
282,062 |
|
| United Microelectronics Corp. |
|
|
4,308 |
|
|
|
7,261 |
|
| Vanguard International Semiconductor Corp. |
|
|
341 |
|
|
|
1,114 |
|
| Winbond Electronics Corp. (a) |
|
|
1,259 |
|
|
|
847 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
331,936 |
|
|
|
|
|
|
|
|
|
|
| United Arab Emirates — 0.0% |
|
|
|
|
|
|
|
|
| NMC Health plc (a) (bb) (cc) |
|
|
116 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
| United Kingdom — 19.4% |
|
|
|
|
|
|
|
|
| 3i Group plc |
|
|
1,659 |
|
|
|
73,475 |
|
| Admiral Group plc |
|
|
484 |
|
|
|
18,046 |
|
| Anglo American plc |
|
|
3,034 |
|
|
|
98,621 |
|
| Ashtead Group plc |
|
|
516 |
|
|
|
39,954 |
|
| Associated British Foods plc |
|
|
156 |
|
|
|
4,889 |
|
| AstraZeneca plc |
|
|
1,427 |
|
|
|
222,297 |
|
| Auto Trader Group plc (e) |
|
|
417 |
|
|
|
4,849 |
|
| Aviva plc |
|
|
5,002 |
|
|
|
32,399 |
|
| BAE Systems plc |
|
|
3,587 |
|
|
|
59,558 |
|
| Barclays plc |
|
|
25,156 |
|
|
|
75,582 |
|
| Barratt Developments plc |
|
|
651 |
|
|
|
4,175 |
|
| Berkeley Group Holdings plc |
|
|
48 |
|
|
|
3,011 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| United Kingdom — continued |
|
|
|
|
|
|
|
|
| BP plc |
|
|
19,085 |
|
|
|
99,541 |
|
| British American Tobacco plc |
|
|
934 |
|
|
|
34,062 |
|
| BT Group plc, Class A |
|
|
3,010 |
|
|
|
5,966 |
|
| Bunzl plc |
|
|
398 |
|
|
|
18,854 |
|
| Centrica plc |
|
|
2,439 |
|
|
|
3,814 |
|
| Coca-Cola Europacific Partners plc |
|
|
790 |
|
|
|
62,177 |
|
| Compass Group plc |
|
|
796 |
|
|
|
25,506 |
|
| Croda International plc |
|
|
316 |
|
|
|
17,877 |
|
| Diageo plc |
|
|
9,193 |
|
|
|
321,094 |
|
| Endeavour Mining plc |
|
|
438 |
|
|
|
10,366 |
|
| Entain plc |
|
|
299 |
|
|
|
3,054 |
|
| GSK plc |
|
|
3,815 |
|
|
|
77,683 |
|
| Haleon plc |
|
|
10,279 |
|
|
|
53,782 |
|
| Halma plc |
|
|
177 |
|
|
|
6,176 |
|
| Hargreaves Lansdown plc |
|
|
610 |
|
|
|
9,088 |
|
| HSBC Holdings plc |
|
|
31,555 |
|
|
|
283,081 |
|
| Imperial Brands plc |
|
|
380 |
|
|
|
11,050 |
|
| Informa plc |
|
|
622 |
|
|
|
6,838 |
|
| InterContinental Hotels Group plc |
|
|
76 |
|
|
|
8,243 |
|
| Intertek Group plc |
|
|
190 |
|
|
|
13,153 |
|
| J Sainsbury plc |
|
|
775 |
|
|
|
3,069 |
|
| JD Sports Fashion plc |
|
|
1,216 |
|
|
|
2,507 |
|
| Kingfisher plc |
|
|
855 |
|
|
|
3,692 |
|
| Land Securities Group plc |
|
|
330 |
|
|
|
2,881 |
|
| Legal & General Group plc |
|
|
11,079 |
|
|
|
33,579 |
|
| Lloyds Banking Group plc |
|
|
106,331 |
|
|
|
83,607 |
|
| London Stock Exchange Group plc |
|
|
815 |
|
|
|
111,551 |
|
| M&G plc |
|
|
3,860 |
|
|
|
10,708 |
|
| Melrose Industries plc |
|
|
1,547 |
|
|
|
9,452 |
|
| Mondi plc |
|
|
1,053 |
|
|
|
20,083 |
|
| National Grid plc |
|
|
2,251 |
|
|
|
31,115 |
|
| NatWest Group plc |
|
|
11,326 |
|
|
|
52,433 |
|
| Next plc |
|
|
56 |
|
|
|
7,362 |
|
| Pearson plc |
|
|
283 |
|
|
|
3,854 |
|
| Persimmon plc |
|
|
149 |
|
|
|
3,275 |
|
| Phoenix Group Holdings plc |
|
|
1,296 |
|
|
|
9,710 |
|
| Reckitt Benckiser Group plc |
|
|
327 |
|
|
|
19,978 |
|
| RELX plc |
|
|
2,207 |
|
|
|
104,221 |
|
| Rentokil Initial plc |
|
|
2,970 |
|
|
|
14,524 |
|
| Rio Tinto plc |
|
|
2,692 |
|
|
|
191,074 |
|
| Rolls-Royce Holdings plc (a) |
|
|
10,047 |
|
|
|
71,104 |
|
| Sage Group plc (The) |
|
|
471 |
|
|
|
6,473 |
|
| Schroders plc |
|
|
1,365 |
|
|
|
6,395 |
|
| Segro plc |
|
|
599 |
|
|
|
7,025 |
|
| Severn Trent plc |
|
|
126 |
|
|
|
4,446 |
|
| Shell plc |
|
|
7,276 |
|
|
|
236,038 |
|
| Smith & Nephew plc |
|
|
411 |
|
|
|
6,376 |
|
| Smiths Group plc |
|
|
405 |
|
|
|
9,097 |
|
| Spirax Group plc |
|
|
86 |
|
|
|
8,659 |
|
| SSE plc |
|
|
512 |
|
|
|
12,893 |
|
| Standard Chartered plc |
|
|
3,696 |
|
|
|
39,200 |
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Common Stocks — continued |
|
|
|
|
|
|
|
|
| United Kingdom — continued |
|
|
|
|
|
|
|
|
| Taylor Wimpey plc |
|
|
1,647 |
|
|
|
3,623 |
|
| Tesco plc |
|
|
3,241 |
|
|
|
15,563 |
|
| Unilever plc |
|
|
3,510 |
|
|
|
227,563 |
|
| United Utilities Group plc |
|
|
322 |
|
|
|
4,509 |
|
| Vodafone Group plc |
|
|
10,576 |
|
|
|
10,600 |
|
| Whitbread plc |
|
|
84 |
|
|
|
3,538 |
|
| Wise plc, Class A (a) |
|
|
1,133 |
|
|
|
10,191 |
|
| WPP plc |
|
|
508 |
|
|
|
5,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,115,430 |
|
|
|
|
|
|
|
|
|
|
| Total Common Stocks (Cost $12,416,253) |
|
|
|
|
|
|
15,763,739 |
|
|
|
|
|
|
|
|
|
|
| Preferred Stocks — 0.2% |
|
|
|
|
|
|
|
|
| Germany — 0.2% |
|
|
|
|
|
|
|
|
| Bayerische Motoren Werke AG |
|
|
61 |
|
|
|
5,070 |
|
| Dr Ing hc F Porsche AG (e) |
|
|
112 |
|
|
|
8,985 |
|
| Henkel AG & Co. KGaA |
|
|
24 |
|
|
|
2,301 |
|
| Porsche Automobil Holding SE |
|
|
151 |
|
|
|
6,921 |
|
| Sartorius AG |
|
|
4 |
|
|
|
1,176 |
|
| Volkswagen AG |
|
|
203 |
|
|
|
21,613 |
|
|
|
|
|
|
|
|
|
|
| Total Preferred Stocks
(Cost $50,910) |
|
|
|
|
|
|
46,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Short-Term Investments — 0.9% |
|
|
|
|
|
|
|
|
| Time Deposits — 0.9% |
|
|
|
|
|
|
|
|
| Australia & New Zealand Banking Group Ltd., 4.18%, 10/01/2024 |
|
|
1,644 |
|
|
|
1,644 |
|
| Brown Brothers Harriman, |
|
|
|
|
|
|
|
|
| 2.00%, 10/01/2024 |
|
DKK |
69,434 |
|
|
|
10,368 |
|
| 2.29%, 10/01/2024 |
|
SEK |
13,181 |
|
|
|
1,298 |
|
| 3.18%, 10/01/2024 |
|
NOK |
4,915 |
|
|
|
466 |
|
| Citibank NA, |
|
|
|
|
|
|
|
|
| 2.33%, 10/01/2024 |
|
EUR |
45,530 |
|
|
|
50,682 |
|
| 4.18%, 10/01/2024 |
|
|
1,917 |
|
|
|
1,917 |
|
| Royal Bank of Canada, |
|
|
|
|
|
|
|
|
| 3.91%, 10/01/2024 |
|
GBP |
20,663 |
|
|
|
27,625 |
|
| 4.18%, 10/01/2024 |
|
|
14,924 |
|
|
|
14,924 |
|
| Skandinaviska Enskilda Banken AB, 0.15%, 10/01/2024 |
|
CHF |
9,911 |
|
|
|
11,711 |
|
| Sumitomo Mitsui Banking Corp., |
|
|
|
|
|
|
|
|
| 0.01%, 10/01/2024 |
|
JPY |
311,712 |
|
|
|
2,169 |
|
| 4.18%, 10/01/2024 |
|
|
8,675 |
|
|
|
8,675 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
7,832 |
|
|
|
7,832 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $139,311) |
|
|
|
|
|
|
139,311 |
|
|
|
|
|
|
|
|
|
|
| Total Investments — 99.4%
(Cost - $12,606,474) * |
|
|
|
|
|
|
15,949,116 |
|
| Other Assets in Excess of Liabilities — 0.6% |
|
|
|
|
|
|
92,946 |
|
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
16,042,062 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euro STOXX 50 Index |
|
|
952 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
51,900 |
|
|
|
1,404 |
|
| FTSE 100 Index |
|
|
342 |
|
|
|
12/2024 |
|
|
|
GBP |
|
|
|
38,079 |
|
|
|
(181 |
) |
| FTSE Taiwan Index |
|
|
28 |
|
|
|
10/2024 |
|
|
|
USD |
|
|
|
2,096 |
|
|
|
(6 |
) |
| OMX Copenhagen 25 Index |
|
|
420 |
|
|
|
10/2024 |
|
|
|
DKK |
|
|
|
12,350 |
|
|
|
(106 |
) |
| STOXX 600 Insurance Index |
|
|
21 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
471 |
|
|
|
5 |
|
| STOXX Europe 600 Index |
|
|
643 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
18,568 |
|
|
|
252 |
|
| TOPIX Index |
|
|
29 |
|
|
|
12/2024 |
|
|
|
JPY |
|
|
|
5,354 |
|
|
|
(12 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,356 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024
|
|
|
|
|
| CVA |
|
— |
|
Dutch Certification |
| OYJ |
|
— |
|
Public Limited Company |
| REIT |
|
— |
|
Real Estate Investment Trust |
| (a) |
|
— |
|
Non-income producing security. |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may
be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (g) |
|
— |
|
Amount rounds to less than 0.05%. |
| (h) |
|
— |
|
Amount rounds to less than 500 shares or principal/ $500. |
| (bb) |
|
— |
|
Security has been valued using significant unobservable inputs. |
| (cc) |
|
— |
|
Security is valued in good faith at fair value by or under the direction of the Board of Trustees. |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| CHF |
|
— |
|
Swiss Franc |
| DKK |
|
— |
|
Danish Krone |
| EUR |
|
— |
|
Euro |
| GBP |
|
— |
|
British Pound |
| JPY |
|
— |
|
Japanese Yen |
| NOK |
|
— |
|
Norwegian Krone |
| SEK |
|
— |
|
Swedish Krona |
| USD |
|
— |
|
United States Dollar |
Six Circles International Unconstrained Equity Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Summary of Investments by Industry, September 30, 2024
The following table represents the portfolio investments of the Fund by industry classifications as a percentage of total investments:
|
|
|
|
|
| INDUSTRY |
|
PERCENTAGE |
|
| Pharmaceuticals |
|
|
11.0 |
% |
| Banks |
|
|
10.9 |
% |
| Semiconductors |
|
|
9.6 |
% |
| Software |
|
|
6.9 |
% |
| Insurance |
|
|
6.6 |
% |
| Beverages |
|
|
6.0 |
% |
| Food |
|
|
5.8 |
% |
| Chemicals |
|
|
4.6 |
% |
| Oil & Gas |
|
|
3.4 |
% |
| Mining |
|
|
3.2 |
% |
| Apparel |
|
|
2.7 |
% |
| Cosmetics/Personal Care |
|
|
2.7 |
% |
| Commercial Services |
|
|
2.5 |
% |
| Aerospace/Defense |
|
|
2.2 |
% |
| Building Materials |
|
|
2.2 |
% |
| Auto Manufacturers |
|
|
1.9 |
% |
| Electric |
|
|
1.8 |
% |
| Diversified Financial Services |
|
|
1.5 |
% |
| Retail |
|
|
1.2 |
% |
| Miscellaneous Manufacturers |
|
|
1.1 |
% |
| Others (Each less than 1.0%) |
|
|
11.3 |
% |
| Short-Term Investments |
|
|
0.9 |
% |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Long Positions — 106.3% |
|
|
|
|
|
|
| Asset-Backed Securities — 0.4% |
|
|
|
|
|
|
|
|
| Anchorage Capital CLO 28 Ltd., (Cayman Islands), Series 2024-28A, Class A, (CME Term SOFR 3 Month + 1.70%), 6.98%, 04/20/2037 (e) (aa) |
|
|
2,000 |
|
|
|
2,012 |
|
| Apex Credit CLO 2024-I Ltd., (Bermuda), Series 2024-1A, Class A1, (CME Term SOFR 3 Month + 1.80%), 7.08%, 04/20/2036 (e) (aa) |
|
|
1,000 |
|
|
|
1,008 |
|
| ARES L CLO Ltd., (Cayman Islands), Series 2018-50A, Class AR, (CME Term SOFR 3 Month + 1.31%), 6.61%, 01/15/2032 (e) (aa) |
|
|
2,510 |
|
|
|
2,513 |
|
| Atlas Senior Loan Fund Ltd., (Cayman Islands), Series 2017-8A, Class A, (CME Term SOFR 3 Month + 1.41%), 6.70%, 01/16/2030 (e) (aa) |
|
|
518 |
|
|
|
519 |
|
| Benefit Street Partners CLO XVII Ltd., (Cayman Islands), Series 2019-17A, Class AR, (CME Term SOFR 3 Month + 1.34%), 6.64%, 07/15/2032 (e) (aa) |
|
|
4,300 |
|
|
|
4,300 |
|
| BlueMountain CLO 2016-3 Ltd., (Cayman Islands), Series 2016-3A, Class A1R2, (CME Term SOFR 3 Month + 1.20%), 6.32%, 11/15/2030 (e) (aa) |
|
|
830 |
|
|
|
831 |
|
| CARLYLE US CLO Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| Series 2017-1A, Class A1R, (CME Term SOFR 3 Month + 1.26%), 6.54%, 04/20/2031 (e) (aa) |
|
|
904 |
|
|
|
905 |
|
| Series 2018-2A, Class A1R, (CME Term SOFR 3 Month + 1.15%), 6.45%, 10/15/2031 (e) (aa) |
|
|
2,825 |
|
|
|
2,826 |
|
| CIFC Funding Ltd., (Cayman Islands), Series 2017-4A, Class A1R, (CME Term SOFR 3 Month + 1.21%), 6.49%, 10/24/2030 (e) (aa) |
|
|
1,655 |
|
|
|
1,656 |
|
| Crestline Denali CLO XV Ltd., (Cayman Islands), Series 2017-1A, Class AR, (CME Term SOFR 3 Month + 1.29%), 6.57%, 04/20/2030 (e) (aa) |
|
|
1,432 |
|
|
|
1,432 |
|
| Diameter Capital CLO 6 Ltd., (Cayman Islands), Series 2024-6A, Class A1, (CME Term SOFR 3 Month + 1.61%), 6.94%, 04/15/2037 (e) (aa) |
|
|
2,700 |
|
|
|
2,715 |
|
| Drive Auto Receivables Trust, Series 2024-2, Class C, 4.67%, 05/17/2032 |
|
|
770 |
|
|
|
769 |
|
| Dryden 27 R Euro CLO 2017 DAC, (Ireland), Series 2017-27A, Class AR, (ICE LIBOR EUR 3 Month + 0.66%), 4.35%, 04/15/2033 (e) (aa) |
|
EUR |
7,149 |
|
|
|
7,944 |
|
| Dryden Senior Loan Fund, (Cayman Islands), Series 2014-36A, Class AR3, (CME Term SOFR 3 Month + 1.28%), 6.58%, 04/15/2029 (e) (aa) |
|
|
2,510 |
|
|
|
2,511 |
|
| Exeter Automobile Receivables Trust, Series 2024-3A, Class C, 5.70%, 07/16/2029 |
|
|
1,046 |
|
|
|
1,070 |
|
| FHLB, 2.05%, 03/19/2035 |
|
|
162 |
|
|
|
132 |
|
| Generate CLO 3 Ltd., (Cayman Islands), Series 3A, Class A2R, (CME Term SOFR 3 Month + 1.83%), 7.11%, 10/20/2036 (e) (aa) |
|
|
2,400 |
|
|
|
2,418 |
|
| GM Financial Consumer Automobile Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A3, 4.66%, 02/16/2028 |
|
|
1,850 |
|
|
|
1,856 |
|
| Series 2023-1, Class A4, 4.59%, 07/17/2028 |
|
|
230 |
|
|
|
232 |
|
| Series 2024-2, Class A3, 5.10%, 03/16/2029 |
|
|
1,175 |
|
|
|
1,197 |
|
| Series 2024-2, Class B, 5.28%, 10/16/2029 |
|
|
850 |
|
|
|
872 |
|
| Goldentree Loan Management US CLO 4 Ltd., (Cayman Islands), Series 2019-4A, Class ARR, (CME Term SOFR 3 Month + 1.15%), 6.43%, 04/24/2031 (e) (aa) |
|
|
1,956 |
|
|
|
1,956 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| KKR CLO 28 Ltd., (Cayman Islands), Series 28A, Class AR, (CME Term SOFR 3 Month + 1.44%), 6.73%, 02/09/2035 (e) (aa) |
|
|
1,100 |
|
|
|
1,101 |
|
| Madison Park Funding XXIX Ltd., (Cayman Islands), Series 2018-29A, Class AR, (CME Term SOFR 3 Month + 1.18%), 6.46%, 10/18/2030 (e) (aa) |
|
|
1,398 |
|
|
|
1,399 |
|
| Marathon CLO 14 Ltd., (Cayman Islands), Series 2019-2A, Class A1AR, (CME Term SOFR 3 Month + 1.38%), 6.66%, 01/20/2033 (e) (aa) |
|
|
1,400 |
|
|
|
1,400 |
|
| Marble Point CLO X Ltd., (Cayman Islands), Series 2017-1A, Class AR, (CME Term SOFR 3 Month + 1.30%), 6.60%, 10/15/2030 (e) (aa) |
|
|
410 |
|
|
|
410 |
|
| Mountain View CLO 2017-1 LLC, (Cayman Islands), Series 2017-1A, Class AR, (CME Term SOFR 3 Month + 1.35%), 6.64%, 10/16/2029 (e) (aa) |
|
|
153 |
|
|
|
153 |
|
| Mountain View CLO 2017-2 LLC, (Cayman Islands), Series 2017-2A, Class AR, (CME Term SOFR 3 Month + 1.30%), 6.59%, 01/16/2031 (e) (aa) |
|
|
1,497 |
|
|
|
1,498 |
|
| Octagon Investment Partners 39 Ltd., (Cayman Islands), Series 2018-3A, Class AR, (CME Term SOFR 3 Month + 1.15%), 6.43%, 10/20/2030 (e) (aa) |
|
|
3,084 |
|
|
|
3,085 |
|
| Palmer Square CLO 2022-1 Ltd., (Cayman Islands), Series 2022-1A, Class A, (CME Term SOFR 3 Month + 1.32%), 6.60%, 04/20/2035 (e) (aa) |
|
|
600 |
|
|
|
600 |
|
| Regatta XIX Funding Ltd., (Cayman Islands), Series 2022-1A, Class A1, (CME Term SOFR 3 Month + 1.32%), 6.60%, 04/20/2035 (e) (aa) |
|
|
1,000 |
|
|
|
1,000 |
|
| Sound Point CLO XXIII, (Cayman Islands), Series 2019-2A, Class AR, (CME Term SOFR 3 Month + 1.43%), 6.73%, 07/15/2034 (e) (aa) |
|
|
500 |
|
|
|
500 |
|
| Sycamore Tree CLO 2023-2 Ltd., (Cayman Islands), Series 2023-2A, Class AR, (CME Term SOFR 3 Month + 1.68%), 6.96%, 01/20/2037 (e) (aa) |
|
|
1,600 |
|
|
|
1,609 |
|
| Symphony CLO XXIV Ltd., (Cayman Islands), Series 2020-24A, Class AR, (CME Term SOFR 3 Month + 1.20%), 6.48%, 01/23/2032 (e) (aa) |
|
|
944 |
|
|
|
944 |
|
| TCW CLO 2024-1 Ltd., (Cayman Islands), Series 2024-1A, Class A1, (CME Term SOFR 3 Month + 1.60%), 6.89%, 01/16/2037 (e) (aa) |
|
|
700 |
|
|
|
703 |
|
| Venture 33 CLO Ltd., (Cayman Islands), Series 2018-33A, Class A1LR, (CME Term SOFR 3 Month + 1.32%), 6.62%, 07/15/2031 (e) (aa) |
|
|
623 |
|
|
|
623 |
|
| Voya CLO 2017-1 Ltd., (Cayman Islands), Series 2017-1A, Class A1R, (CME Term SOFR 3 Month + 1.21%), 6.50%, 04/17/2030 (e) (aa) |
|
|
1,632 |
|
|
|
1,632 |
|
| Westlake Automobile Receivables Trust, Series 2023-4A, Class C, 6.64%, 11/15/2028 (e) |
|
|
325 |
|
|
|
335 |
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(Cost $59,228) |
|
|
|
|
|
|
58,666 |
|
|
|
|
|
|
|
|
|
|
| Collateralized Mortgage Obligations — 2.1% |
|
|
|
|
|
|
|
|
| Citigroup Mortgage Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2021-INV1, Class A3A, 2.50%, 05/25/2051 (e) (z) |
|
|
5,488 |
|
|
|
4,619 |
|
| Series 2021-INV3, Class A11, (United States 30 Day Average SOFR + 0.85%), 5.00%, 05/25/2051 (e) (aa) |
|
|
394 |
|
|
|
366 |
|
| FHLMC REMICS, |
|
|
|
|
|
|
|
|
| Series 3404, Class SA, IF, IO, (5.89% - United States 30 Day Average SOFR), 0.54%, 01/15/2038 (aa) |
|
|
941 |
|
|
|
103 |
|
| Series 3680, Class SA, IF, IO, (4.89% - United States 30 Day Average SOFR), 0.00%, 06/15/2040 (aa) |
|
|
2,002 |
|
|
|
139 |
|
| Series 4023, Class S, IF, IO, (6.14% - United States 30 Day Average SOFR), 0.79%, 03/15/2042 (aa) |
|
|
973 |
|
|
|
100 |
|
| Series 4056, Class GS, IF, IO, (6.54% - United States 30 Day Average SOFR), 1.19%, 12/15/2041 (aa) |
|
|
378 |
|
|
|
34 |
|
| Series 4134, Class PI, IO, 3.00%, 11/15/2042 |
|
|
412 |
|
|
|
43 |
|
| Series 4147, Class JI, IO, 3.50%, 12/15/2032 |
|
|
3,664 |
|
|
|
284 |
|
| Series 4165, Class TI, IO, 3.00%, 12/15/2042 |
|
|
396 |
|
|
|
23 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| Series 4368, Class CZ, SUB, 3.75%, 11/15/2041 |
|
|
2,463 |
|
|
|
2,397 |
|
| Series 4479, Class AI, IO, 3.50%, 09/15/2025 |
|
|
875 |
|
|
|
9 |
|
| Series 4598, Class IK, IO, 3.50%, 03/15/2046 |
|
|
546 |
|
|
|
91 |
|
| Series 4710, Class EI, IO, 3.50%, 11/15/2031 |
|
|
2,425 |
|
|
|
148 |
|
| Series 4751, Class EF, (United States 30 Day Average SOFR + 0.36%), 5.71%, 05/15/2041 (aa) |
|
|
2,192 |
|
|
|
2,141 |
|
| Series 4764, Class WF, (United States 30 Day Average SOFR + 0.41%), 5.76%, 02/15/2048 (aa) |
|
|
4,276 |
|
|
|
4,190 |
|
| Series 4790, Class F, (United States 30 Day Average SOFR + 0.30%), 5.65%, 10/15/2043 (aa) |
|
|
1,611 |
|
|
|
1,572 |
|
| Series 4825, Class SE, IF, IO, (6.09% - United States 30 Day Average SOFR), 0.74%, 09/15/2048 (aa) |
|
|
3,652 |
|
|
|
517 |
|
| Series 4830, Class IL, IO, 4.50%, 04/15/2048 |
|
|
1,562 |
|
|
|
305 |
|
| Series 4888, Class IB, IO, 4.00%, 03/15/2047 |
|
|
291 |
|
|
|
47 |
|
| Series 4930, Class IP, IO, 3.50%, 09/25/2048 |
|
|
4,613 |
|
|
|
581 |
|
| Series 4990, Class MI, IO, 4.00%, 07/25/2050 |
|
|
3,870 |
|
|
|
866 |
|
| Series 5003, Class AS, IF, IO, (5.99% - United States 30 Day Average SOFR), 0.71%, 08/25/2050 (aa) |
|
|
6,668 |
|
|
|
1,057 |
|
| Series 5013, Class IQ, IO, 3.50%, 09/25/2050 |
|
|
4,601 |
|
|
|
789 |
|
| Series 5016, Class PI, IO, 3.00%, 09/25/2050 |
|
|
9,904 |
|
|
|
1,559 |
|
| Series 5023, Class BI, IO, 2.00%, 10/25/2050 |
|
|
20,429 |
|
|
|
2,731 |
|
| Series 5034, Class MI, IO, 2.00%, 11/25/2050 |
|
|
1,853 |
|
|
|
242 |
|
| Series 5034, Class YI, IO, 4.00%, 11/25/2050 |
|
|
2,483 |
|
|
|
484 |
|
| Series 5045, Class DI, IO, 2.50%, 11/25/2050 |
|
|
2,609 |
|
|
|
380 |
|
| Series 5047, Class CI, IO, 2.00%, 12/25/2050 |
|
|
1,629 |
|
|
|
200 |
|
| Series 5056, Class PI, IO, 2.50%, 12/25/2050 |
|
|
7,826 |
|
|
|
968 |
|
| Series 5062, Class EI, IO, 2.00%, 01/25/2051 |
|
|
3,489 |
|
|
|
437 |
|
| Series 5065, Class IG, IO, 3.00%, 01/25/2051 |
|
|
3,083 |
|
|
|
525 |
|
| Series 5069, Class DI, IO, 3.50%, 02/25/2041 |
|
|
1,157 |
|
|
|
166 |
|
| Series 5069, Class LI, IO, 2.50%, 02/25/2051 |
|
|
13,748 |
|
|
|
1,975 |
|
| Series 5071, Class IN, IO, 4.00%, 08/25/2050 |
|
|
5,045 |
|
|
|
1,084 |
|
| Series 5081, Class EI, IO, 2.50%, 03/25/2051 |
|
|
18,849 |
|
|
|
2,659 |
|
| Series 5087, Class IL, IO, 3.00%, 03/25/2051 |
|
|
1,839 |
|
|
|
313 |
|
| Series 5109, Class IE, IO, 2.50%, 05/25/2051 |
|
|
952 |
|
|
|
128 |
|
| Series 5124, Class LI, IO, 4.50%, 07/25/2051 |
|
|
10,130 |
|
|
|
2,277 |
|
| Series 5157, Class IA, IO, 3.00%, 10/25/2051 |
|
|
45,739 |
|
|
|
7,208 |
|
| Series 5202, Class UI, IO, 3.50%, 01/25/2052 |
|
|
3,802 |
|
|
|
644 |
|
| Series 5210, Class AI, IO, 3.50%, 01/25/2042 |
|
|
3,752 |
|
|
|
470 |
|
| Series 5227, Class EI, IO, 4.00%, 04/25/2050 |
|
|
3,841 |
|
|
|
356 |
|
| Series 5383, Class AF, (United States 30 Day Average SOFR + 1.00%), 6.35%, 08/15/2048 (aa) |
|
|
860 |
|
|
|
868 |
|
| FHLMC STRIPs, |
|
|
|
|
|
|
|
|
| Series 365, Class C2, IO, 4.00%, 06/15/2049 |
|
|
3,517 |
|
|
|
639 |
|
| Series 399, Class C29, IO, 2.00%, 06/25/2052 |
|
|
9,465 |
|
|
|
1,244 |
|
| Series 399, Class C30, IO, 2.00%, 06/25/2051 |
|
|
73,454 |
|
|
|
9,473 |
|
| FNMA Interest STRIP, |
|
|
|
|
|
|
|
|
| Series 379, Class S56, IF, IO, (7.79% - United States 30 Day Average SOFR), 2.51%, 05/25/2037 (aa) |
|
|
325 |
|
|
|
48 |
|
| Series 405, Class 1, PO, Zero Coupon, 10/25/2040 |
|
|
265 |
|
|
|
212 |
|
| Series 406, Class 23, IO, 6.00%, 11/25/2040 (z) |
|
|
122 |
|
|
|
26 |
|
| Series 413, Class C32, IO, 4.00%, 01/25/2039 |
|
|
1,263 |
|
|
|
197 |
|
| Series 429, Class 161, IO, 2.00%, 03/25/2051 |
|
|
2,802 |
|
|
|
300 |
|
| Series 429, Class 162, IO, 2.00%, 03/25/2051 |
|
|
2,178 |
|
|
|
233 |
|
| Series 429, Class 163, IO, 2.00%, 02/25/2051 |
|
|
519 |
|
|
|
55 |
|
| Series 429, Class 164, IO, 2.00%, 03/25/2051 |
|
|
956 |
|
|
|
104 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| FNMA REMICS, |
|
|
|
|
|
|
|
|
| Series 2007-30, Class JS, IF, IO, (6.33% - United States 30 Day Average SOFR), 1.05%, 04/25/2037 (aa) |
|
|
1,326 |
|
|
|
163 |
|
| Series 2012-35, Class SP, IF, IO, (6.39% - United States 30 Day Average SOFR), 1.11%, 04/25/2042 (aa) |
|
|
1,857 |
|
|
|
247 |
|
| Series 2012-53, Class IO, IO, 3.50%, 05/25/2027 |
|
|
237 |
|
|
|
6 |
|
| Series 2012-135, Class SB, IF, IO, (5.99% - United States 30 Day Average SOFR), 0.71%, 12/25/2042 (aa) |
|
|
829 |
|
|
|
117 |
|
| Series 2013-30, Class CA, 1.50%, 04/25/2043 |
|
|
1,139 |
|
|
|
959 |
|
| Series 2013-109, Class BO, PO, Zero Coupon, 07/25/2043 |
|
|
411 |
|
|
|
256 |
|
| Series 2014-34, Class US, IF, (8.37% - United States 30 Day Average SOFR), 0.00%, 06/25/2044 (aa) |
|
|
67 |
|
|
|
60 |
|
| Series 2014-47, Class FB, (United States 30 Day Average SOFR + 0.46%), 5.82%, 08/25/2054 (aa) |
|
|
2,228 |
|
|
|
2,172 |
|
| Series 2016-26, Class SY, IF, (6.77% - United States 30 Day Average SOFR), 0.00%, 11/25/2042 (aa) |
|
|
514 |
|
|
|
349 |
|
| Series 2016-40, Class EF, (United States 30 Day Average SOFR + 0.56%), 5.92%, 07/25/2046 (aa) |
|
|
543 |
|
|
|
538 |
|
| Series 2016-63, Class AS, IF, IO, (5.89% - United States 30 Day Average SOFR), 0.61%, 09/25/2046 (aa) |
|
|
1,327 |
|
|
|
204 |
|
| Series 2016-68, Class WI, IO, 0.79%, 10/25/2046 (z) |
|
|
3,687 |
|
|
|
236 |
|
| Series 2016-71, Class NI, IO, 3.50%, 04/25/2046 |
|
|
684 |
|
|
|
84 |
|
| Series 2017-97, Class BF, (United States 30 Day Average SOFR + 0.41%), 5.69%, 12/25/2047 (aa) |
|
|
4,172 |
|
|
|
4,102 |
|
| Series 2018-67, Class HF, (United States 30 Day Average SOFR + 0.41%), 5.69%, 09/25/2048 (aa) |
|
|
2,286 |
|
|
|
2,245 |
|
| Series 2018-67, Class SH, IF, IO, (6.09% - United States 30 Day Average SOFR), 0.81%, 09/25/2048 (aa) |
|
|
2,890 |
|
|
|
395 |
|
| Series 2018-77, Class PF, (United States 30 Day Average SOFR + 0.41%), 5.69%, 10/25/2048 (aa) |
|
|
1,822 |
|
|
|
1,789 |
|
| Series 2019-47, Class SI, IO, 0.54%, 08/25/2049 (z) |
|
|
10,420 |
|
|
|
864 |
|
| Series 2019-48, Class IB, IO, 0.65%, 06/25/2039 (z) |
|
|
18,903 |
|
|
|
359 |
|
| Series 2019-53, Class IA, IO, 0.83%, 09/25/2049 (z) |
|
|
20,500 |
|
|
|
1,558 |
|
| Series 2019-68, Class US, IF, IO, (5.89% - United States 30 Day Average SOFR), 0.61%, 11/25/2049 (aa) |
|
|
5,642 |
|
|
|
761 |
|
| Series 2019-78, Class DI, IO, 4.50%, 11/25/2049 |
|
|
528 |
|
|
|
97 |
|
| Series 2020-29, Class SA, IO, 0.58%, 05/25/2050 (z) |
|
|
4,181 |
|
|
|
242 |
|
| Series 2020-33, Class IO, IO, 0.60%, 05/25/2050 (z) |
|
|
11,440 |
|
|
|
695 |
|
| Series 2020-42, Class CI, IO, 3.00%, 06/25/2050 |
|
|
11,632 |
|
|
|
1,760 |
|
| Series 2020-60, Class BI, IO, 3.50%, 09/25/2050 |
|
|
10,498 |
|
|
|
1,887 |
|
| Series 2020-68, Class CI, IO, 3.00%, 10/25/2050 |
|
|
8,043 |
|
|
|
1,281 |
|
| Series 2020-74, Class PI, IO, 2.00%, 12/25/2049 |
|
|
9,415 |
|
|
|
1,150 |
|
| Series 2020-86, Class PI, IO, 2.50%, 12/25/2050 |
|
|
3,044 |
|
|
|
473 |
|
| Series 2020-89, Class IM, IO, 2.00%, 12/25/2050 |
|
|
9,236 |
|
|
|
1,208 |
|
| Series 2020-89, Class LI, IO, 3.00%, 12/25/2050 |
|
|
10,675 |
|
|
|
1,841 |
|
| Series 2020-99, Class IQ, IO, 3.00%, 01/25/2051 |
|
|
874 |
|
|
|
154 |
|
| Series 2021-3, Class TI, IO, 2.50%, 02/25/2051 |
|
|
2,471 |
|
|
|
399 |
|
| Series 2021-8, Class WI, IO, 1.06%, 03/25/2051 (z) |
|
|
11,830 |
|
|
|
805 |
|
| Series 2021-8, Class YF, (United States 30 Day Average SOFR + 0.20%), 5.55%, 03/25/2061 (aa) |
|
|
7,451 |
|
|
|
7,500 |
|
| Series 2021-36, Class YI, IO, 1.11%, 06/25/2061 (z) |
|
|
13,657 |
|
|
|
912 |
|
| Series 2021-47, Class PI, IO, 2.50%, 07/25/2051 |
|
|
610 |
|
|
|
75 |
|
| Series 2022-52, Class IH, IO, 3.00%, 03/25/2051 |
|
|
9,910 |
|
|
|
1,791 |
|
| Series 2024-10, Class AF, (United States 30 Day Average SOFR + 0.90%), 6.25%, 12/25/2050 (aa) |
|
|
2,420 |
|
|
|
2,417 |
|
| Series 2024-38, Class FA, (United States 30 Day Average SOFR + 0.80%), 6.15%, 01/25/2051 (aa) |
|
|
5,907 |
|
|
|
5,987 |
|
| GNMA, |
|
|
|
|
|
|
|
|
| Series 2015-H03, Class FA, (CME Term SOFR 1 Month + 0.61%), 5.97%, 12/20/2064 (aa) |
|
|
22 |
|
|
|
22 |
|
| Series 2015-H33, Class FA, (CME Term SOFR 1 Month + 0.77%), 6.13%, 12/20/2065 (aa) |
|
|
7,226 |
|
|
|
7,218 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| Series 2017-H03, Class HA, 3.00%, 01/20/2067 |
|
|
3,363 |
|
|
|
3,283 |
|
| Series 2019-65, Class ID, IO, 4.00%, 02/20/2049 |
|
|
1,206 |
|
|
|
149 |
|
| Series 2019-H02, Class JA, 3.50%, 12/20/2068 |
|
|
1,795 |
|
|
|
1,715 |
|
| Series 2019-H06, Class PT, 3.50%, 01/20/2069 (z) |
|
|
1,603 |
|
|
|
1,537 |
|
| Series 2019-H08, Class FE, (CME Term SOFR 1 Month + 0.76%), 6.12%, 01/20/2069 (aa) |
|
|
4,892 |
|
|
|
4,861 |
|
| Series 2019-H15, Class GA, 2.25%, 08/20/2069 |
|
|
149 |
|
|
|
144 |
|
| Series 2019-H16, Class FD, (CME Term SOFR 1 Month + 0.91%), 6.27%, 10/20/2069 (aa) |
|
|
2,210 |
|
|
|
2,222 |
|
| Series 2020-142, Class LI, IO, 2.50%, 09/20/2050 |
|
|
9,923 |
|
|
|
1,302 |
|
| Series 2020-142, Class MT, IF, IO, (6.04% - CME Term SOFR 1 Month), 0.05%, 07/20/2047 (aa) |
|
|
11,748 |
|
|
|
21 |
|
| Series 2020-142, Class TN, IF, IO, (6.09% - CME Term SOFR 1 Month), 0.10%, 09/20/2047 (aa) |
|
|
15,723 |
|
|
|
63 |
|
| Series 2020-176, Class FW, (CME Term SOFR 1 Month + 0.41%), 4.00%, 11/20/2050 (aa) |
|
|
2,473 |
|
|
|
2,284 |
|
| Series 2020-H12, Class F, (CME Term SOFR 1 Month + 0.61%), 5.97%, 07/20/2070 (aa) |
|
|
1,306 |
|
|
|
1,290 |
|
| Series 2020-H13, Class FA, (CME Term SOFR 1 Month + 0.56%), 5.92%, 07/20/2070 (aa) |
|
|
7,969 |
|
|
|
7,847 |
|
| Series 2020-H14, Class FH, (CME Term SOFR 1 Month + 1.36%), 6.72%, 08/20/2070 (aa) |
|
|
6,615 |
|
|
|
6,759 |
|
| Series 2020-H15, Class FH, (CME Term SOFR 1 Month + 1.16%), 6.52%, 07/20/2070 (aa) |
|
|
2,618 |
|
|
|
2,642 |
|
| Series 2020-H15, Class FK, (CME Term SOFR 1 Month + 1.36%), 6.72%, 04/20/2070 (aa) |
|
|
4,750 |
|
|
|
4,831 |
|
| Series 2020-H16, Class FN, (CME Term SOFR 1 Month + 1.36%), 6.72%, 09/20/2070 (aa) |
|
|
1,797 |
|
|
|
1,835 |
|
| Series 2021-23, Class GI, IO, 2.00%, 02/20/2051 |
|
|
10,791 |
|
|
|
1,233 |
|
| Series 2021-44, Class TF, (United States 30 Day Average SOFR + 0.30%), 4.00%, 03/20/2051 (aa) |
|
|
2,292 |
|
|
|
2,093 |
|
| Series 2021-122, Class IT, IO, 2.50%, 07/20/2051 |
|
|
10,934 |
|
|
|
1,663 |
|
| Series 2021-206, Class IG, IO, 2.50%, 09/20/2051 |
|
|
9,202 |
|
|
|
972 |
|
| Series 2021-223, Class QI, IO, 2.50%, 10/20/2051 |
|
|
9,863 |
|
|
|
1,008 |
|
| Series 2021-H03, Class ML, 7.57%, 01/20/2071 (z) |
|
|
6,555 |
|
|
|
6,620 |
|
| Series 2021-H05, Class FJ, (United States 30 Day Average SOFR + 0.75%), 6.10%, 03/20/2071 (aa) |
|
|
278 |
|
|
|
277 |
|
| Series 2021-H12, Class DF, (United States 30 Day Average SOFR + 1.50%), 6.85%, 08/20/2071 (aa) |
|
|
1,973 |
|
|
|
2,014 |
|
| Series 2021-H14, Class HF, (United States 30 Day Average SOFR + 1.50%), 6.85%, 09/20/2071 (aa) |
|
|
7,895 |
|
|
|
8,103 |
|
| Series 2021-H15, Class HB, 1.25%, 09/20/2065 |
|
|
262 |
|
|
|
242 |
|
| Series 2021-H16, Class F, (United States 30 Day Average SOFR + 1.50%), 6.85%, 09/20/2071 (aa) |
|
|
9,773 |
|
|
|
10,047 |
|
| Series 2022-H09, Class FA, (United States 30 Day Average SOFR + 0.67%), 6.02%, 04/20/2072 (aa) |
|
|
765 |
|
|
|
756 |
|
| Series 2023-H02, Class FA, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2073 (aa) |
|
|
2,867 |
|
|
|
2,815 |
|
| Series 2023-H02, Class FL, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2073 (aa) |
|
|
8,360 |
|
|
|
8,402 |
|
| Series 2023-H02, Class JF, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2073 (aa) |
|
|
6,401 |
|
|
|
6,435 |
|
| Series 2023-H03, Class FA, (United States 30 Day Average SOFR + 0.87%), 6.22%, 02/20/2073 (aa) |
|
|
11,637 |
|
|
|
11,681 |
|
| Series 2023-H09, Class FA, (United States 30 Day Average SOFR + 0.80%), 6.15%, 04/20/2073 (aa) |
|
|
1,901 |
|
|
|
1,901 |
|
| Series 2023-H11, Class FC, (United States 30 Day Average SOFR + 1.10%), 6.45%, 05/20/2073 (aa) |
|
|
8,657 |
|
|
|
8,800 |
|
| Series 2023-H11, Class FD, (United States 30 Day Average SOFR + 1.15%), 6.50%, 05/20/2073 (aa) |
|
|
1,455 |
|
|
|
1,478 |
|
| Series 2023-H15, Class FB, (United States 30 Day Average SOFR + 1.00%), 6.35%, 03/20/2073 (aa) |
|
|
2,028 |
|
|
|
2,031 |
|
| Series 2023-H27, Class FD, (United States 30 Day Average SOFR + 1.10%), 6.45%, 11/20/2073 (aa) |
|
|
5,013 |
|
|
|
5,103 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| Series 2024-H01, Class FB, (United States 30 Day Average SOFR + 0.90%), 6.25%, 01/20/2074 (aa) |
|
|
3,011 |
|
|
|
3,030 |
|
| Series 2024-H02, Class FH, (United States 30 Day Average SOFR + 0.93%), 6.28%, 01/20/2074 (aa) |
|
|
5,532 |
|
|
|
5,575 |
|
| Series 2024-H02, Class FJ, (United States 30 Day Average SOFR + 1.00%), 6.35%, 12/20/2073 (aa) |
|
|
3,954 |
|
|
|
3,963 |
|
| Series 2024-H07, Class FC, (United States 30 Day Average SOFR + 0.65%), 6.00%, 02/20/2074 (aa) |
|
|
2,769 |
|
|
|
2,761 |
|
| Series 2024-H11, Class FD, (United States 30 Day Average SOFR + 0.90%), 6.25%, 07/20/2074 (aa) |
|
|
3,107 |
|
|
|
3,127 |
|
| GS Mortgage-Backed Securities Trust, Series 2021-GR2, Class A2, 2.50%, 02/25/2052 (e) (z) |
|
|
1,019 |
|
|
|
858 |
|
| IMS Ecuadorian Mortgage Trust, Series 2021-1, Class GA, 3.40%, 08/18/2043 (e) |
|
|
1,621 |
|
|
|
1,604 |
|
| MFA Trust, Series 2020-NQM2, Class A1, 1.38%, 04/25/2065 (e) (z) |
|
|
2,115 |
|
|
|
2,009 |
|
| Morgan Stanley Residential Mortgage Loan Trust, Series 2021-6, Class A6, (United States 30 Day Average SOFR + 0.85%), 5.00%, 09/25/2051 (e) (aa) |
|
|
1,738 |
|
|
|
1,616 |
|
| OBX Trust, Series 2021-INV2, Class A11, (United States 30 Day Average SOFR + 0.90%), 5.00%, 10/25/2051 (e) (aa) |
|
|
410 |
|
|
|
382 |
|
| PMT Loan Trust, |
|
|
|
|
|
|
|
|
| Series 2021-INV1, Class A11, (United States 30 Day Average SOFR + 0.90%), 5.00%, 07/25/2051 (e) (aa) |
|
|
8,090 |
|
|
|
7,551 |
|
| Series 2021-INV1, Class A3, 2.50%, 07/25/2051 (e) (z) |
|
|
3,845 |
|
|
|
3,234 |
|
| PRET Trust, Series 2024-RPL1, Class A1, 3.90%, 10/25/2063 (e) (z) |
|
|
925 |
|
|
|
893 |
|
| PRPM, Series 2024-NQM3, Class A1, SUB, 5.23%, 08/25/2069 (e) |
|
|
4,300 |
|
|
|
4,300 |
|
| PRPM Trust, Series 2024-NQM2, Class A1, SUB, 6.33%, 06/25/2069 (e) |
|
|
975 |
|
|
|
991 |
|
|
|
|
|
|
|
|
|
|
| Total Collateralized Mortgage Obligations (Cost
$294,532) |
|
|
|
|
|
|
282,357 |
|
|
|
|
|
|
|
|
|
|
| Commercial Mortgage-Backed Securities — 0.4% |
|
|
|
|
|
|
|
|
| AREIT LLC, (Bermuda), Series 2023-CRE8, Class A, (CME Term SOFR 1 Month + 2.11%), 7.19%, 08/17/2041 (e) (aa) |
|
|
1,676 |
|
|
|
1,680 |
|
| Banc of America Commercial Mortgage Trust, Series 2015-UBS7, Class ASB, 3.43%, 09/15/2048 |
|
|
99 |
|
|
|
98 |
|
| BANK, |
|
|
|
|
|
|
|
|
| Series 2017-BNK7, Class AS, 3.75%, 09/15/2060 |
|
|
750 |
|
|
|
720 |
|
| Series 2018-BN13, Class A5, 4.22%, 08/15/2061 (z) |
|
|
500 |
|
|
|
493 |
|
| Series 2018-BN15, Class A4, 4.41%, 11/15/2061 (z) |
|
|
1,235 |
|
|
|
1,228 |
|
| Barclays Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2019-C5, Class A4, 3.06%, 11/15/2052 |
|
|
1,000 |
|
|
|
937 |
|
| Series 2019-C5, Class ASB, 2.99%, 11/15/2052 |
|
|
500 |
|
|
|
486 |
|
| BBCMS Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2020-C6, Class ASB, 2.60%, 02/15/2053 |
|
|
600 |
|
|
|
574 |
|
| Series 2020-C7, Class A5, 2.04%, 04/15/2053 |
|
|
210 |
|
|
|
184 |
|
| BCP Trust, Series 2021-330N, Class A, (CME Term SOFR 1 Month + 0.91%), 6.01%, 06/15/2038 (e) (aa) |
|
|
2,800 |
|
|
|
2,598 |
|
| Benchmark Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2020-B16, Class AM, 2.94%, 02/15/2053 (z) |
|
|
350 |
|
|
|
312 |
|
| Series 2020-B17, Class A5, 2.29%, 03/15/2053 |
|
|
500 |
|
|
|
435 |
|
| Series 2020-B20, Class A5, 2.03%, 10/15/2053 |
|
|
750 |
|
|
|
631 |
|
| BMO Mortgage Trust, Series 2023-C5, Class A5, 5.77%, 06/15/2056 |
|
|
832 |
|
|
|
896 |
|
| BWAY Mortgage Trust, Series 2021-1450, Class A, (CME Term SOFR 1 Month + 1.36%), 6.46%, 09/15/2036 (e) (aa) |
|
|
4,600 |
|
|
|
4,378 |
|
| BX Commercial Mortgage Trust, Series 2021-21M, Class A, (CME Term SOFR 1 Month + 0.84%), 5.94%, 10/15/2036 (e) (aa) |
|
|
2,025 |
|
|
|
2,011 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Commercial Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| CD Mortgage Trust, Series 2017-CD5, Class AAB, 3.22%, 08/15/2050 |
|
|
560 |
|
|
|
549 |
|
| CGMS Commercial Mortgage Trust, Series 2017-B1, Class A4, 3.46%, 08/15/2050 |
|
|
1,100 |
|
|
|
1,057 |
|
| Citigroup Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2015-GC33, Class AS, 4.11%, 09/10/2058 |
|
|
500 |
|
|
|
480 |
|
| Series 2019-GC41, Class AS, 3.02%, 08/10/2056 |
|
|
250 |
|
|
|
221 |
|
| COMM Mortgage Trust, Series 2016-CR28, Class ASB, 3.53%, 02/10/2049 |
|
|
113 |
|
|
|
112 |
|
| CSAIL Commercial Mortgage Trust, Series 2016-C7, Class ASB, 3.31%, 11/15/2049 |
|
|
119 |
|
|
|
118 |
|
| CSMC, Series 2020-FACT, Class A, (CME Term SOFR 1 Month + 1.71%), 6.81%, 10/15/2037 (e) (aa) |
|
|
2,100 |
|
|
|
2,037 |
|
| FHLMC Multifamily Structured Pass Through Certificates, |
|
|
|
|
|
|
|
|
| Series K047, Class A2, 3.33%, 05/25/2025 (z) |
|
|
989 |
|
|
|
980 |
|
| Series K057, Class A2, 2.57%, 07/25/2026 |
|
|
850 |
|
|
|
829 |
|
| Series K063, Class A2, 3.43%, 01/25/2027 (z) |
|
|
1,000 |
|
|
|
988 |
|
| Series K071, Class A2, 3.29%, 11/25/2027 |
|
|
500 |
|
|
|
491 |
|
| Series K073, Class A2, 3.35%, 01/25/2028 |
|
|
1,000 |
|
|
|
983 |
|
| Series K075, Class A2, 3.65%, 02/25/2028 (z) |
|
|
500 |
|
|
|
495 |
|
| Series K094, Class A2, 2.90%, 06/25/2029 |
|
|
112 |
|
|
|
107 |
|
| Series K103, Class A2, 2.65%, 11/25/2029 |
|
|
500 |
|
|
|
470 |
|
| Series K108, Class A2, 1.52%, 03/25/2030 |
|
|
304 |
|
|
|
268 |
|
| Series K117, Class A2, 1.41%, 08/25/2030 |
|
|
1,500 |
|
|
|
1,297 |
|
| Series K118, Class A2, 1.49%, 09/25/2030 |
|
|
500 |
|
|
|
434 |
|
| Series K729, Class A2, 3.14%, 10/25/2024 |
|
|
71 |
|
|
|
71 |
|
| Series K737, Class A2, 2.53%, 10/25/2026 |
|
|
650 |
|
|
|
633 |
|
| Series K755, Class A2, 5.20%, 02/25/2031 |
|
|
2,000 |
|
|
|
2,118 |
|
| Series KJ50, Class A2, 4.23%, 10/25/2034 (z) |
|
|
5,900 |
|
|
|
5,838 |
|
| Series K-152, Class A2, 3.78%, 11/25/2032 (z) |
|
|
2,500 |
|
|
|
2,434 |
|
| Series K-161, Class A2, 4.90%, 10/25/2033 |
|
|
1,500 |
|
|
|
1,576 |
|
| FNMA-ACES, |
|
|
|
|
|
|
|
|
| Series 2015-M10, Class A2, 3.09%, 04/25/2027 (z) |
|
|
439 |
|
|
|
430 |
|
| Series 2016-M5, Class A2, 2.47%, 04/25/2026 |
|
|
424 |
|
|
|
413 |
|
| Series 2017-M11, Class A2, 2.98%, 08/25/2029 |
|
|
950 |
|
|
|
907 |
|
| Series 2017-M12, Class A2, 3.16%, 06/25/2027 (z) |
|
|
84 |
|
|
|
82 |
|
| Series 2017-M13, Class A2, 3.03%, 09/25/2027 (z) |
|
|
455 |
|
|
|
442 |
|
| Series 2018-M8, Class A2, 3.41%, 06/25/2028 (z) |
|
|
902 |
|
|
|
883 |
|
| Series 2020-M46, Class A2, 1.32%, 05/25/2030 |
|
|
1,000 |
|
|
|
872 |
|
| GS Mortgage Securities Trust, Series 2019-GSA1, Class A4, 3.05%, 11/10/2052 |
|
|
250 |
|
|
|
234 |
|
| Morgan Stanley Bank of America Merrill Lynch Trust, |
|
|
|
|
|
|
|
|
| Series 2016-C29, Class A4, 3.33%, 05/15/2049 |
|
|
500 |
|
|
|
490 |
|
| Series 2016-C31, Class A5, 3.10%, 11/15/2049 |
|
|
500 |
|
|
|
479 |
|
| Series 2016-C32, Class A4, 3.72%, 12/15/2049 |
|
|
1,000 |
|
|
|
979 |
|
| UBS Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2018-C11, Class ASB, 4.12%, 06/15/2051 |
|
|
514 |
|
|
|
511 |
|
| Series 2018-C12, Class A5, 4.30%, 08/15/2051 |
|
|
1,380 |
|
|
|
1,355 |
|
| Wells Fargo Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2017-C39, Class A5, 3.42%, 09/15/2050 |
|
|
1,000 |
|
|
|
964 |
|
| Series 2017-C40, Class A4, 3.58%, 10/15/2050 |
|
|
550 |
|
|
|
535 |
|
| Series 2018-C44, Class A5, 4.21%, 05/15/2051 |
|
|
1,000 |
|
|
|
980 |
|
| Series 2021-C60, Class A4, 2.34%, 08/15/2054 |
|
|
550 |
|
|
|
478 |
|
|
|
|
|
|
|
|
|
|
Total Commercial Mortgage-Backed Securities
(Cost $56,622) |
|
|
|
|
|
|
53,281 |
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — 26.2% |
|
|
|
|
|
|
|
|
| Basic Materials — 0.7% |
|
|
|
|
|
|
|
|
| Chemicals — 0.5% |
|
|
|
|
|
|
|
|
| Air Liquide Finance SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 05/27/2031 |
|
EUR |
3,000 |
|
|
|
2,841 |
|
| Reg. S, 0.63%, 06/20/2030 |
|
EUR |
5,600 |
|
|
|
5,518 |
|
| Reg. S, 2.88%, 09/16/2032 |
|
EUR |
5,000 |
|
|
|
5,532 |
|
| Air Products and Chemicals, Inc., |
|
|
|
|
|
|
|
|
| 2.80%, 05/15/2050 |
|
|
5 |
|
|
|
3 |
|
| 4.00%, 03/03/2035 |
|
EUR |
1,600 |
|
|
|
1,878 |
|
| Akzo Nobel NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 03/28/2028 |
|
EUR |
1,000 |
|
|
|
1,063 |
|
| Reg. S, 2.00%, 03/28/2032 |
|
EUR |
1,000 |
|
|
|
1,018 |
|
| Argentum Netherlands BV for Givaudan SA, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 09/17/2025 |
|
EUR |
800 |
|
|
|
874 |
|
| Reg. S, 2.00%, 09/17/2030 |
|
EUR |
1,000 |
|
|
|
1,059 |
|
| Arkema SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 12/03/2029 |
|
EUR |
1,000 |
|
|
|
1,000 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.57%), 1.50%, 10/21/2025 (x) (aa) |
|
EUR |
1,000 |
|
|
|
1,077 |
|
| Reg. S, 1.50%, 04/20/2027 |
|
EUR |
1,000 |
|
|
|
1,082 |
|
| Brenntag Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 10/06/2029 |
|
EUR |
500 |
|
|
|
490 |
|
| Reg. S, 1.13%, 09/27/2025 |
|
EUR |
1,000 |
|
|
|
1,092 |
|
| Celanese US Holdings LLC, |
|
|
|
|
|
|
|
|
| 6.35%, 11/15/2028 |
|
|
10 |
|
|
|
11 |
|
| 6.70%, 11/15/2033 |
|
|
5 |
|
|
|
5 |
|
| CF Industries, Inc., 4.50%, 12/01/2026 (e) |
|
|
1,800 |
|
|
|
1,799 |
|
| Covestro AG, (Germany), Reg. S, 0.88%, 02/03/2026 |
|
EUR |
1,875 |
|
|
|
2,033 |
|
| Dow Chemical Co. (The), |
|
|
|
|
|
|
|
|
| 4.55%, 11/30/2025 |
|
|
118 |
|
|
|
118 |
|
| 5.25%, 11/15/2041 |
|
|
600 |
|
|
|
593 |
|
| 6.90%, 05/15/2053 |
|
|
460 |
|
|
|
551 |
|
| DuPont de Nemours, Inc., |
|
|
|
|
|
|
|
|
| 4.73%, 11/15/2028 |
|
|
854 |
|
|
|
870 |
|
| 5.32%, 11/15/2038 |
|
|
24 |
|
|
|
26 |
|
| 5.42%, 11/15/2048 |
|
|
297 |
|
|
|
327 |
|
| Eastman Chemical Co., 5.63%, 02/20/2034 |
|
|
110 |
|
|
|
115 |
|
| Ecolab, Inc., |
|
|
|
|
|
|
|
|
| 1.30%, 01/30/2031 |
|
|
26 |
|
|
|
22 |
|
| 2.13%, 02/01/2032 |
|
|
48 |
|
|
|
42 |
|
| 2.70%, 12/15/2051 |
|
|
2 |
|
|
|
1 |
|
| FMC Corp., |
|
|
|
|
|
|
|
|
| 5.15%, 05/18/2026 |
|
|
675 |
|
|
|
681 |
|
| 5.65%, 05/18/2033 |
|
|
2,485 |
|
|
|
2,569 |
|
| Givaudan Finance Europe BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 04/22/2027 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 4.13%, 11/28/2033 |
|
EUR |
1,950 |
|
|
|
2,311 |
|
| Huntsman International LLC, 4.50%, 05/01/2029 |
|
|
975 |
|
|
|
957 |
|
| LANXESS AG, (Germany), Reg. S, 0.63%, 12/01/2029 |
|
EUR |
500 |
|
|
|
478 |
|
| Linde Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 05/19/2027 |
|
EUR |
1,000 |
|
|
|
1,048 |
|
| Reg. S, 0.55%, 05/19/2032 |
|
EUR |
800 |
|
|
|
747 |
|
| Reg. S, 1.00%, 04/20/2028 |
|
EUR |
1,005 |
|
|
|
1,075 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Chemicals — continued |
|
|
|
|
|
|
|
|
| Linde plc, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/30/2026 |
|
EUR |
500 |
|
|
|
528 |
|
| Reg. S, 1.00%, 09/30/2051 |
|
EUR |
4,400 |
|
|
|
2,884 |
|
| Reg. S, 3.40%, 02/14/2036 |
|
EUR |
1,900 |
|
|
|
2,127 |
|
| Linde, Inc., 1.63%, 12/01/2025 |
|
EUR |
350 |
|
|
|
383 |
|
| LYB International Finance II BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 0.88%, 09/17/2026 |
|
EUR |
1,000 |
|
|
|
1,069 |
|
| 1.63%, 09/17/2031 |
|
EUR |
1,000 |
|
|
|
1,000 |
|
| LYB International Finance III LLC, 5.50%, 03/01/2034 |
|
|
110 |
|
|
|
114 |
|
| Nutrien Ltd., (Canada), 5.40%, 06/21/2034 |
|
|
2,000 |
|
|
|
2,068 |
|
| PPG Industries, Inc., |
|
|
|
|
|
|
|
|
| 0.88%, 11/03/2025 |
|
EUR |
1,000 |
|
|
|
1,086 |
|
| 1.20%, 03/15/2026 |
|
|
5 |
|
|
|
5 |
|
| 1.40%, 03/13/2027 |
|
EUR |
1,000 |
|
|
|
1,078 |
|
| 2.75%, 06/01/2029 |
|
EUR |
1,000 |
|
|
|
1,105 |
|
| RPM International, Inc., |
|
|
|
|
|
|
|
|
| 2.95%, 01/15/2032 |
|
|
50 |
|
|
|
44 |
|
| 3.75%, 03/15/2027 |
|
|
190 |
|
|
|
187 |
|
| 4.55%, 03/01/2029 |
|
|
50 |
|
|
|
50 |
|
| Sherwin-Williams Co. (The), 4.80%, 09/01/2031 |
|
|
210 |
|
|
|
214 |
|
| Syensqo SA, (Belgium), Reg. S, 2.75%, 12/02/2027 |
|
EUR |
1,000 |
|
|
|
1,108 |
|
| Westlake Corp., 1.63%, 07/17/2029 |
|
EUR |
3,000 |
|
|
|
3,084 |
|
| Yara International ASA, (Norway), 3.15%, 06/04/2030 (e) |
|
|
1,000 |
|
|
|
904 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
60,051 |
|
|
|
|
|
|
|
|
|
|
| Forest Products & Paper — 0.0% (g) |
|
|
|
|
|
|
|
|
| Georgia-Pacific LLC, 8.88%, 05/15/2031 |
|
|
10 |
|
|
|
12 |
|
| Mondi Finance Europe GmbH, (Austria), Reg. S, 2.38%, 04/01/2028 |
|
EUR |
500 |
|
|
|
546 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
558 |
|
|
|
|
|
|
|
|
|
|
| Iron/Steel — 0.0% (g) |
|
|
|
|
|
|
|
|
| ArcelorMittal SA, (Luxembourg), 6.80%, 11/29/2032 |
|
|
19 |
|
|
|
21 |
|
| Nucor Corp., |
|
|
|
|
|
|
|
|
| 2.70%, 06/01/2030 |
|
|
3 |
|
|
|
3 |
|
| 2.98%, 12/15/2055 |
|
|
8 |
|
|
|
5 |
|
| Reliance, Inc., 2.15%, 08/15/2030 |
|
|
195 |
|
|
|
171 |
|
| Steel Dynamics, Inc., 3.25%, 01/15/2031 |
|
|
3,120 |
|
|
|
2,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,081 |
|
|
|
|
|
|
|
|
|
|
| Mining — 0.2% |
|
|
|
|
|
|
|
|
| Barrick PD Australia Finance Pty Ltd., (Australia), 5.95%, 10/15/2039 |
|
|
920 |
|
|
|
990 |
|
| BHP Billiton Finance Ltd., (Australia), |
|
|
|
|
|
|
|
|
| Series 10, Reg. S, 3.25%, 09/24/2027 |
|
EUR |
1,898 |
|
|
|
2,135 |
|
| Series 12, Reg. S, 4.30%, 09/25/2042 |
|
GBP |
3,000 |
|
|
|
3,491 |
|
| BHP Billiton Finance USA Ltd., (Australia), |
|
|
|
|
|
|
|
|
| 4.75%, 02/28/2028 |
|
|
10 |
|
|
|
10 |
|
| 5.25%, 09/08/2030 |
|
|
9 |
|
|
|
9 |
|
| 5.50%, 09/08/2053 |
|
|
135 |
|
|
|
144 |
|
| Freeport-McMoRan, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 03/01/2028 |
|
|
1,500 |
|
|
|
1,490 |
|
| 5.40%, 11/14/2034 |
|
|
4 |
|
|
|
4 |
|
| 5.45%, 03/15/2043 |
|
|
30 |
|
|
|
30 |
|
| Glencore Finance Europe Ltd., (Jersey), |
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Mining — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 10/15/2026 |
|
EUR |
3,500 |
|
|
|
3,777 |
|
| Reg. S, 3.75%, 04/01/2026 |
|
EUR |
1,500 |
|
|
|
1,684 |
|
| Kinross Gold Corp., (Canada), |
|
|
|
|
|
|
|
|
| 4.50%, 07/15/2027 |
|
|
2,500 |
|
|
|
2,507 |
|
| 6.25%, 07/15/2033 |
|
|
1,070 |
|
|
|
1,160 |
|
| Newmont Corp. / Newcrest Finance Pty Ltd., 5.35%, 03/15/2034 |
|
|
550 |
|
|
|
575 |
|
| Norsk Hydro ASA, (Norway), Reg. S, 2.00%, 04/11/2029 |
|
EUR |
800 |
|
|
|
848 |
|
| Orano SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 03/08/2028 |
|
EUR |
200 |
|
|
|
219 |
|
| Reg. S, 4.00%, 03/12/2031 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 5.38%, 05/15/2027 |
|
EUR |
200 |
|
|
|
234 |
|
| Rio Tinto Finance plc, (United Kingdom), Reg. S, 4.00%, 12/11/2029 |
|
GBP |
2,000 |
|
|
|
2,616 |
|
| Rio Tinto Finance USA Ltd., (Australia), 2.75%, 11/02/2051 |
|
|
26 |
|
|
|
18 |
|
| Silfin NV, (Belgium), Reg. S, 5.13%, 07/17/2030 |
|
EUR |
2,500 |
|
|
|
2,895 |
|
| Southern Copper Corp., 5.25%, 11/08/2042 |
|
|
127 |
|
|
|
124 |
|
| Yamana Gold, Inc., (Canada), 2.63%, 08/15/2031 |
|
|
2,705 |
|
|
|
2,339 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,412 |
|
|
|
|
|
|
|
|
|
|
| Total Basic Materials |
|
|
|
|
|
|
91,102 |
|
|
|
|
|
|
|
|
|
|
| Communications — 1.5% |
|
|
|
|
|
|
|
|
| Advertising — 0.1% |
|
|
|
|
|
|
|
|
| Interpublic Group of Cos., Inc. (The), 3.38%, 03/01/2041 |
|
|
4 |
|
|
|
3 |
|
| JCDecaux SE, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 02/07/2030 |
|
EUR |
1,000 |
|
|
|
1,013 |
|
| Reg. S, 2.63%, 04/24/2028 |
|
EUR |
1,000 |
|
|
|
1,098 |
|
| Reg. S, 5.00%, 01/11/2029 |
|
EUR |
1,800 |
|
|
|
2,129 |
|
| MMS USA Holdings, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 06/13/2028 |
|
EUR |
2,200 |
|
|
|
2,311 |
|
| Reg. S, 1.75%, 06/13/2031 |
|
EUR |
6,900 |
|
|
|
7,113 |
|
| Omnicom Group, Inc., 5.30%, 11/01/2034 |
|
|
50 |
|
|
|
52 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,719 |
|
|
|
|
|
|
|
|
|
|
| Internet — 0.4% |
|
|
|
|
|
|
|
|
| Alphabet, Inc., |
|
|
|
|
|
|
|
|
| 1.90%, 08/15/2040 |
|
|
700 |
|
|
|
499 |
|
| 2.25%, 08/15/2060 |
|
|
25 |
|
|
|
15 |
|
| Amazon.com, Inc., |
|
|
|
|
|
|
|
|
| 3.10%, 05/12/2051 |
|
|
5 |
|
|
|
4 |
|
| 3.25%, 05/12/2061 |
|
|
5 |
|
|
|
3 |
|
| Booking Holdings, Inc., |
|
|
|
|
|
|
|
|
| 0.50%, 03/08/2028 |
|
EUR |
4,500 |
|
|
|
4,644 |
|
| 1.80%, 03/03/2027 |
|
EUR |
1,500 |
|
|
|
1,634 |
|
| 3.63%, 11/12/2028 |
|
EUR |
339 |
|
|
|
390 |
|
| 4.13%, 05/12/2033 |
|
EUR |
762 |
|
|
|
900 |
|
| Expedia Group, Inc., 4.63%, 08/01/2027 |
|
|
700 |
|
|
|
705 |
|
| Meta Platforms, Inc., 5.55%, 08/15/2064 |
|
|
255 |
|
|
|
270 |
|
| Netflix, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 11/15/2029 |
|
EUR |
9,850 |
|
|
|
11,411 |
|
| 4.63%, 05/15/2029 |
|
EUR |
8,050 |
|
|
|
9,601 |
|
| 5.40%, 08/15/2054 |
|
|
20 |
|
|
|
21 |
|
| Prosus NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.29%, 07/13/2029 |
|
EUR |
6,900 |
|
|
|
6,878 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Internet — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.54%, 08/03/2028 |
|
EUR |
1,000 |
|
|
|
1,034 |
|
| Reg. S, 1.99%, 07/13/2033 |
|
EUR |
3,637 |
|
|
|
3,364 |
|
| Reg. S, 2.03%, 08/03/2032 |
|
EUR |
3,900 |
|
|
|
3,751 |
|
| Reg. S, 2.09%, 01/19/2030 |
|
EUR |
1,000 |
|
|
|
1,019 |
|
| Reg. S, 2.78%, 01/19/2034 |
|
EUR |
3,000 |
|
|
|
2,929 |
|
| Uber Technologies, Inc., |
|
|
|
|
|
|
|
|
| 4.80%, 09/15/2034 |
|
|
450 |
|
|
|
449 |
|
| 5.35%, 09/15/2054 |
|
|
15 |
|
|
|
15 |
|
| VeriSign, Inc., |
|
|
|
|
|
|
|
|
| 2.70%, 06/15/2031 |
|
|
178 |
|
|
|
155 |
|
| 4.75%, 07/15/2027 |
|
|
27 |
|
|
|
27 |
|
| 5.25%, 04/01/2025 |
|
|
27 |
|
|
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49,745 |
|
|
|
|
|
|
|
|
|
|
| Media — 0.3% |
|
|
|
|
|
|
|
|
| Charter Communications Operating LLC / Charter Communications Operating Capital, |
|
|
|
|
|
|
|
|
| 3.70%, 04/01/2051 |
|
|
894 |
|
|
|
569 |
|
| 3.90%, 06/01/2052 |
|
|
980 |
|
|
|
642 |
|
| 3.95%, 06/30/2062 |
|
|
50 |
|
|
|
31 |
|
| 4.80%, 03/01/2050 |
|
|
6 |
|
|
|
4 |
|
| 5.13%, 07/01/2049 |
|
|
560 |
|
|
|
450 |
|
| 5.50%, 04/01/2063 |
|
|
5 |
|
|
|
4 |
|
| Comcast Corp., |
|
|
|
|
|
|
|
|
| 0.25%, 09/14/2029 |
|
EUR |
3,100 |
|
|
|
3,031 |
|
| 1.88%, 02/20/2036 |
|
GBP |
575 |
|
|
|
564 |
|
| 1.95%, 01/15/2031 |
|
|
2,875 |
|
|
|
2,494 |
|
| 3.20%, 07/15/2036 |
|
|
5 |
|
|
|
4 |
|
| 3.75%, 04/01/2040 |
|
|
30 |
|
|
|
26 |
|
| 4.25%, 10/15/2030 |
|
|
160 |
|
|
|
160 |
|
| 4.60%, 10/15/2038 |
|
|
10 |
|
|
|
10 |
|
| 5.10%, 06/01/2029 |
|
|
20 |
|
|
|
21 |
|
| 5.25%, 09/26/2040 |
|
GBP |
700 |
|
|
|
930 |
|
| 5.30%, 06/01/2034 |
|
|
160 |
|
|
|
168 |
|
| 5.65%, 06/01/2054 |
|
|
30 |
|
|
|
32 |
|
| Cox Communications, Inc., |
|
|
|
|
|
|
|
|
| 3.85%, 02/01/2025 (e) |
|
|
1,500 |
|
|
|
1,493 |
|
| 5.45%, 09/01/2034 (e) |
|
|
985 |
|
|
|
997 |
|
| 5.80%, 12/15/2053 (e) |
|
|
580 |
|
|
|
570 |
|
| Discovery Communications LLC, 4.13%, 05/15/2029 |
|
|
940 |
|
|
|
888 |
|
| FactSet Research Systems, Inc., |
|
|
|
|
|
|
|
|
| 2.90%, 03/01/2027 |
|
|
955 |
|
|
|
923 |
|
| 3.45%, 03/01/2032 |
|
|
47 |
|
|
|
43 |
|
| Fox Corp., |
|
|
|
|
|
|
|
|
| 5.48%, 01/25/2039 |
|
|
95 |
|
|
|
96 |
|
| 6.50%, 10/13/2033 |
|
|
950 |
|
|
|
1,038 |
|
| Informa plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 04/22/2028 |
|
EUR |
9,600 |
|
|
|
10,044 |
|
| Reg. S, 3.13%, 07/05/2026 |
|
GBP |
1,100 |
|
|
|
1,423 |
|
| ITV plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 09/26/2026 |
|
EUR |
362 |
|
|
|
390 |
|
| Reg. S, 4.25%, 06/19/2032 |
|
EUR |
8,400 |
|
|
|
9,540 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Media — continued |
|
|
|
|
|
|
|
|
| Pearson Funding plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.75%, 06/04/2030 |
|
GBP |
2,475 |
|
|
|
3,086 |
|
| Reg. S, 5.38%, 09/12/2034 |
|
GBP |
1,100 |
|
|
|
1,463 |
|
| TDF Infrastructure SASU, (France), Reg. S, 1.75%, 12/01/2029 |
|
EUR |
4,500 |
|
|
|
4,528 |
|
| Time Warner Cable LLC, |
|
|
|
|
|
|
|
|
| 4.50%, 09/15/2042 |
|
|
50 |
|
|
|
38 |
|
| 5.50%, 09/01/2041 |
|
|
800 |
|
|
|
693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46,393 |
|
|
|
|
|
|
|
|
|
|
| Telecommunications — 0.7% |
|
|
|
|
|
|
|
|
| A1 Towers Holding GmbH, (Austria), Reg. S, 5.25%, 07/13/2028 |
|
EUR |
12,500 |
|
|
|
14,712 |
|
| America Movil SAB de CV, (Mexico), |
|
|
|
|
|
|
|
|
| 2.13%, 03/10/2028 |
|
EUR |
1,300 |
|
|
|
1,417 |
|
| 4.38%, 08/07/2041 |
|
GBP |
1,500 |
|
|
|
1,759 |
|
| 5.00%, 10/27/2026 |
|
GBP |
1,200 |
|
|
|
1,613 |
|
| AT&T, Inc., |
|
|
|
|
|
|
|
|
| 1.70%, 03/25/2026 |
|
|
62 |
|
|
|
60 |
|
| 1.80%, 09/05/2026 |
|
EUR |
2,250 |
|
|
|
2,459 |
|
| 2.05%, 05/19/2032 |
|
EUR |
200 |
|
|
|
205 |
|
| 2.45%, 03/15/2035 |
|
EUR |
825 |
|
|
|
834 |
|
| 3.50%, 06/01/2041 |
|
|
2,140 |
|
|
|
1,750 |
|
| 3.65%, 06/01/2051 |
|
|
1,800 |
|
|
|
1,372 |
|
| 4.25%, 06/01/2043 |
|
GBP |
200 |
|
|
|
221 |
|
| 4.30%, 12/15/2042 |
|
|
12 |
|
|
|
11 |
|
| 5.40%, 02/15/2034 |
|
|
1,280 |
|
|
|
1,341 |
|
| 5.54%, 02/20/2026 |
|
|
2 |
|
|
|
2 |
|
| 7.00%, 04/30/2040 |
|
GBP |
400 |
|
|
|
608 |
|
| Corning, Inc., 5.45%, 11/15/2079 |
|
|
15 |
|
|
|
15 |
|
| Deutsche Telekom International Finance BV, (Netherlands), 8.75%, 06/15/2030 |
|
|
35 |
|
|
|
42 |
|
| Emirates Telecommunications Group Co. PJSC, (United Arab Emirates), Reg. S, 0.88%, 05/17/2033 |
|
EUR |
1,600 |
|
|
|
1,471 |
|
| Koninklijke KPN NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 02/16/2036 |
|
EUR |
1,600 |
|
|
|
1,822 |
|
| Reg. S, 5.75%, 09/17/2029 |
|
GBP |
2,000 |
|
|
|
2,779 |
|
| Motorola Solutions, Inc., |
|
|
|
|
|
|
|
|
| 2.75%, 05/24/2031 |
|
|
120 |
|
|
|
107 |
|
| 5.40%, 04/15/2034 |
|
|
1,540 |
|
|
|
1,606 |
|
| NBN Co. Ltd., (Australia), Reg. S, 4.13%, 03/15/2029 |
|
EUR |
2,000 |
|
|
|
2,333 |
|
| Nokia OYJ, (Finland), 6.63%, 05/15/2039 |
|
|
50 |
|
|
|
53 |
|
| NTT Finance Corp., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 0.08%, 12/13/2025 |
|
EUR |
1,000 |
|
|
|
1,075 |
|
| Reg. S, 0.34%, 03/03/2030 |
|
EUR |
500 |
|
|
|
485 |
|
| Reg. S, 0.40%, 12/13/2028 |
|
EUR |
1,000 |
|
|
|
1,007 |
|
| Optus Finance Pty Ltd., (Australia), Reg. S, 1.00%, 06/20/2029 |
|
EUR |
1,400 |
|
|
|
1,406 |
|
| Orange SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/04/2026 |
|
EUR |
2,000 |
|
|
|
2,116 |
|
| Reg. S, 0.50%, 09/04/2032 |
|
EUR |
100 |
|
|
|
92 |
|
| Reg. S, 3.25%, 01/15/2032 |
|
GBP |
1,100 |
|
|
|
1,334 |
|
| OTE plc, (United Kingdom), Reg. S, 0.88%, 09/24/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Proximus SADP, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 11/17/2036 |
|
EUR |
100 |
|
|
|
82 |
|
| Reg. S, 1.88%, 10/01/2025 |
|
EUR |
100 |
|
|
|
110 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Telecommunications — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.75%, 03/27/2034 |
|
EUR |
200 |
|
|
|
229 |
|
| Reg. S, 4.00%, 03/08/2030 |
|
EUR |
200 |
|
|
|
233 |
|
| Reg. S, 4.13%, 11/17/2033 |
|
EUR |
300 |
|
|
|
356 |
|
| Rogers Communications, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 3.80%, 03/15/2032 |
|
|
100 |
|
|
|
93 |
|
| 5.30%, 02/15/2034 |
|
|
1,550 |
|
|
|
1,575 |
|
| SES SA, (Luxembourg), Reg. S, 3.50%, 01/14/2029 |
|
EUR |
100 |
|
|
|
110 |
|
| Sprint Capital Corp., |
|
|
|
|
|
|
|
|
| 6.88%, 11/15/2028 |
|
|
2,621 |
|
|
|
2,862 |
|
| 8.75%, 03/15/2032 |
|
|
90 |
|
|
|
111 |
|
| Sprint LLC, 7.63%, 02/15/2025 |
|
|
2,800 |
|
|
|
2,809 |
|
| Swisscom Finance BV, (Netherlands), Reg. S, 3.88%, 05/29/2044 |
|
EUR |
6,875 |
|
|
|
7,875 |
|
| Tele2 AB, (Sweden), Reg. S, 3.75%, 11/22/2029 |
|
EUR |
7,800 |
|
|
|
8,887 |
|
| Telefonaktiebolaget LM Ericsson, (Sweden), Reg. S, 1.00%, 05/26/2029 |
|
EUR |
1,315 |
|
|
|
1,311 |
|
| Telefonica Emisiones SA, (Spain), Reg. S, 1.86%, 07/13/2040 |
|
EUR |
4,800 |
|
|
|
4,138 |
|
| Telekom Finanzmanagement GmbH, (Austria), Reg. S, 1.50%, 12/07/2026 |
|
EUR |
200 |
|
|
|
218 |
|
| Telenor ASA, (Norway), Reg. S, 0.25%, 02/14/2028 |
|
EUR |
1,300 |
|
|
|
1,334 |
|
| Telia Co. AB, (Sweden), Reg. S, 2.13%, 02/20/2034 |
|
EUR |
700 |
|
|
|
722 |
|
| Telstra Group Ltd., (Australia), Reg. S, 3.75%, 05/04/2031 |
|
EUR |
4,525 |
|
|
|
5,263 |
|
| T-Mobile USA, Inc., |
|
|
|
|
|
|
|
|
| 2.05%, 02/15/2028 |
|
|
40 |
|
|
|
37 |
|
| 2.55%, 02/15/2031 |
|
|
70 |
|
|
|
63 |
|
| 3.30%, 02/15/2051 |
|
|
10 |
|
|
|
7 |
|
| 3.60%, 11/15/2060 |
|
|
269 |
|
|
|
195 |
|
| 3.75%, 04/15/2027 |
|
|
31 |
|
|
|
31 |
|
| 3.88%, 04/15/2030 |
|
|
3,420 |
|
|
|
3,325 |
|
| 4.38%, 04/15/2040 |
|
|
12 |
|
|
|
11 |
|
| 4.50%, 04/15/2050 |
|
|
100 |
|
|
|
89 |
|
| 5.15%, 04/15/2034 |
|
|
10 |
|
|
|
10 |
|
| 5.25%, 06/15/2055 |
|
|
600 |
|
|
|
596 |
|
| 5.50%, 01/15/2055 |
|
|
105 |
|
|
|
108 |
|
| Verizon Communications, Inc., |
|
|
|
|
|
|
|
|
| 0.88%, 04/08/2027 |
|
EUR |
475 |
|
|
|
505 |
|
| 1.68%, 10/30/2030 |
|
|
8 |
|
|
|
7 |
|
| 2.50%, 04/08/2031 |
|
GBP |
1,000 |
|
|
|
1,160 |
|
| 2.55%, 03/21/2031 |
|
|
437 |
|
|
|
390 |
|
| 2.65%, 11/20/2040 |
|
|
950 |
|
|
|
699 |
|
| 3.25%, 02/17/2026 |
|
EUR |
200 |
|
|
|
224 |
|
| 3.88%, 03/01/2052 |
|
|
370 |
|
|
|
302 |
|
| 4.02%, 12/03/2029 |
|
|
2 |
|
|
|
2 |
|
| 4.75%, 10/31/2034 |
|
EUR |
200 |
|
|
|
247 |
|
| 4.78%, 02/15/2035 (e) |
|
|
20 |
|
|
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
92,560 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
202,417 |
|
|
|
|
|
|
|
|
|
|
| Consumer Cyclical — 1.7% |
|
|
|
|
|
|
|
|
| Airlines — 0.1% |
|
|
|
|
|
|
|
|
| easyJet FinCo. BV, (Netherlands), Reg. S, 1.88%, 03/03/2028 |
|
EUR |
3,350 |
|
|
|
3,582 |
|
| Ryanair DAC, (Ireland), Reg. S, 0.88%, 05/25/2026 |
|
EUR |
1,500 |
|
|
|
1,615 |
|
| Southwest Airlines Co., 5.13%, 06/15/2027 |
|
|
1,150 |
|
|
|
1,169 |
|
| United Airlines, Inc., |
|
|
|
|
|
|
|
|
| 4.38%, 04/15/2026 (e) |
|
|
525 |
|
|
|
517 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Airlines — continued |
|
|
|
|
|
|
|
|
| 4.63%, 04/15/2029 (e) |
|
|
360 |
|
|
|
348 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,231 |
|
|
|
|
|
|
|
|
|
|
| Apparel — 0.1% |
|
|
|
|
|
|
|
|
| Burberry Group plc, (United Kingdom), Reg. S, 1.13%, 09/21/2025 |
|
GBP |
825 |
|
|
|
1,058 |
|
| LVMH Moet Hennessy Louis Vuitton SE, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 02/11/2028 |
|
EUR |
800 |
|
|
|
822 |
|
| Reg. S, 1.13%, 02/11/2027 |
|
GBP |
1,200 |
|
|
|
1,492 |
|
| Tapestry, Inc., |
|
|
|
|
|
|
|
|
| 3.05%, 03/15/2032 |
|
|
99 |
|
|
|
85 |
|
| 7.05%, 11/27/2025 |
|
|
10 |
|
|
|
10 |
|
| 7.35%, 11/27/2028 |
|
|
5 |
|
|
|
5 |
|
| 7.70%, 11/27/2030 |
|
|
5 |
|
|
|
6 |
|
| 7.85%, 11/27/2033 |
|
|
10 |
|
|
|
11 |
|
| VF Corp., 4.25%, 03/07/2029 |
|
EUR |
9,000 |
|
|
|
9,849 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,338 |
|
|
|
|
|
|
|
|
|
|
| Auto Manufacturers — 0.6% |
|
|
|
|
|
|
|
|
| American Honda Finance Corp., |
|
|
|
|
|
|
|
|
| 1.50%, 10/19/2027 |
|
GBP |
2,300 |
|
|
|
2,818 |
|
| 3.75%, 10/25/2027 |
|
EUR |
3,300 |
|
|
|
3,763 |
|
| 4.90%, 01/10/2034 |
|
|
40 |
|
|
|
41 |
|
| Cummins, Inc., 5.45%, 02/20/2054 |
|
|
30 |
|
|
|
32 |
|
| Dongfeng Motor Hong Kong International Co. Ltd., (Hong Kong), Reg. S, 0.43%, 10/19/2024 |
|
EUR |
600 |
|
|
|
667 |
|
| Ford Motor Co., 3.25%, 02/12/2032 |
|
|
700 |
|
|
|
596 |
|
| Ford Motor Credit Co. LLC, |
|
|
|
|
|
|
|
|
| 4.00%, 11/13/2030 |
|
|
545 |
|
|
|
504 |
|
| 4.45%, 02/14/2030 |
|
EUR |
2,075 |
|
|
|
2,342 |
|
| 4.95%, 05/28/2027 |
|
|
3,065 |
|
|
|
3,057 |
|
| 6.80%, 11/07/2028 |
|
|
400 |
|
|
|
422 |
|
| 7.35%, 03/06/2030 |
|
|
600 |
|
|
|
649 |
|
| General Motors Co., |
|
|
|
|
|
|
|
|
| 5.20%, 04/01/2045 |
|
|
560 |
|
|
|
513 |
|
| 6.25%, 10/02/2043 |
|
|
95 |
|
|
|
97 |
|
| 6.60%, 04/01/2036 |
|
|
520 |
|
|
|
562 |
|
| General Motors Financial Co., Inc., |
|
|
|
|
|
|
|
|
| 2.35%, 02/26/2027 |
|
|
10 |
|
|
|
10 |
|
| 2.70%, 08/20/2027 |
|
|
1,450 |
|
|
|
1,380 |
|
| 2.70%, 06/10/2031 |
|
|
585 |
|
|
|
504 |
|
| 2.75%, 06/20/2025 |
|
|
40 |
|
|
|
39 |
|
| 5.00%, 04/09/2027 |
|
|
1,120 |
|
|
|
1,132 |
|
| 5.80%, 01/07/2029 |
|
|
60 |
|
|
|
62 |
|
| Hyundai Capital America, 6.50%, 01/16/2029 (e) |
|
|
1,085 |
|
|
|
1,163 |
|
| Mercedes-Benz Finance North America LLC, 5.00%, 01/11/2034 (e) |
|
|
210 |
|
|
|
212 |
|
| Mercedes-Benz Group AG, (Germany), Reg. S, 1.13%, 11/06/2031 |
|
EUR |
15 |
|
|
|
15 |
|
| Nissan Motor Co. Ltd., (Japan), 3.52%, 09/17/2025 (e) |
|
|
3,000 |
|
|
|
2,950 |
|
| PACCAR Financial Europe BV, (Netherlands), Reg. S, 3.25%, 11/29/2025 |
|
EUR |
5,000 |
|
|
|
5,582 |
|
| RCI Banque SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 01/15/2027 |
|
EUR |
800 |
|
|
|
851 |
|
| Reg. S, 4.75%, 07/06/2027 |
|
EUR |
2,100 |
|
|
|
2,415 |
|
| Toyota Finance Australia Ltd., (Australia), Reg. S, 3.39%, 03/18/2030 |
|
EUR |
2,675 |
|
|
|
3,003 |
|
| Toyota Motor Finance Netherlands BV, (Netherlands), Reg. S, 3.13%, 07/11/2029 |
|
EUR |
1,496 |
|
|
|
1,672 |
|
| Traton Finance Luxembourg SA, (Luxembourg), Reg. S, 3.75%, 03/27/2030 |
|
EUR |
14,500 |
|
|
|
16,235 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Auto Manufacturers — continued |
|
|
|
|
|
|
|
|
| Volkswagen Bank GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 12/15/2025 |
|
EUR |
1,000 |
|
|
|
1,090 |
|
| Reg. S, 4.63%, 05/03/2031 |
|
EUR |
2,500 |
|
|
|
2,889 |
|
| Volkswagen Financial Services NV, (Netherlands), Reg. S, 1.13%, 07/05/2026 |
|
GBP |
1,000 |
|
|
|
1,246 |
|
| Volkswagen Financial Services Overseas AG, (Germany), Reg. S, 2.25%, 10/16/2026 |
|
EUR |
10 |
|
|
|
11 |
|
| Volkswagen Group of America Finance LLC, 5.30%, 03/22/2027 (e) |
|
|
1,540 |
|
|
|
1,568 |
|
| Volkswagen International Finance NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 9 Year + 3.96%), 3.88%, 06/17/2029 (x) (aa) |
|
EUR |
2,000 |
|
|
|
2,071 |
|
| Reg. S, 4.13%, 11/15/2025 |
|
EUR |
8,000 |
|
|
|
8,997 |
|
| Reg. S, 4.25%, 03/29/2029 |
|
EUR |
1,500 |
|
|
|
1,718 |
|
| Reg. S, (EUR Swap Rate 12 Year + 2.97%), 4.63%, 03/24/2026 (x) (aa) |
|
EUR |
210 |
|
|
|
232 |
|
| Volkswagen Leasing GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 07/20/2026 |
|
EUR |
1,500 |
|
|
|
1,591 |
|
| Reg. S, 1.50%, 06/19/2026 |
|
EUR |
5,000 |
|
|
|
5,416 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,117 |
|
|
|
|
|
|
|
|
|
|
| Auto Parts & Equipment — 0.1% |
|
|
|
|
|
|
|
|
| BorgWarner, Inc., 1.00%, 05/19/2031 |
|
EUR |
1,500 |
|
|
|
1,423 |
|
| Cie Generale des Etablissements Michelin SCA, (France), Reg. S, 0.63%, 11/02/2040 |
|
EUR |
300 |
|
|
|
219 |
|
| Magna International, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 2.45%, 06/15/2030 |
|
|
1,000 |
|
|
|
902 |
|
| 4.15%, 10/01/2025 |
|
|
2,000 |
|
|
|
1,994 |
|
| Pirelli & C SpA, (Italy), Reg. S, 4.25%, 01/18/2028 |
|
EUR |
2,925 |
|
|
|
3,369 |
|
| Robert Bosch GmbH, (Germany), Reg. S, 4.00%, 06/02/2035 |
|
EUR |
4,500 |
|
|
|
5,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,080 |
|
|
|
|
|
|
|
|
|
|
| Distribution/Wholesale — 0.2% |
|
|
|
|
|
|
|
|
| Bunzl Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 10/30/2030 |
|
GBP |
1,050 |
|
|
|
1,168 |
|
| Reg. S, 3.38%, 04/09/2032 (w) |
|
EUR |
5,025 |
|
|
|
5,595 |
|
| IMCD NV, (Netherlands), Reg. S, 3.63%, 04/30/2030 |
|
EUR |
11,950 |
|
|
|
13,333 |
|
| LKQ Corp., 5.75%, 06/15/2028 |
|
|
55 |
|
|
|
57 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,153 |
|
|
|
|
|
|
|
|
|
|
| Entertainment — 0.1% |
|
|
|
|
|
|
|
|
| Smithsonian Institution, 1.87%, 09/01/2029 |
|
|
1,000 |
|
|
|
897 |
|
| Universal Music Group NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 3.75%, 06/30/2032 |
|
EUR |
3,700 |
|
|
|
4,259 |
|
| Reg. S, 4.00%, 06/13/2031 |
|
EUR |
4,200 |
|
|
|
4,915 |
|
| Warnermedia Holdings, Inc., 5.05%, 03/15/2042 |
|
|
865 |
|
|
|
706 |
|
| 5.14%, 03/15/2052 |
|
|
1,000 |
|
|
|
771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11,548 |
|
|
|
|
|
|
|
|
|
|
| Food Service — 0.1% |
|
|
|
|
|
|
|
|
| Compass Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 07/03/2029 |
|
GBP |
2,500 |
|
|
|
3,021 |
|
| Reg. S, 3.25%, 02/06/2031 |
|
EUR |
2,375 |
|
|
|
2,669 |
|
| Reg. S, 3.25%, 09/16/2033 |
|
EUR |
6,300 |
|
|
|
7,007 |
|
| Sodexo SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 07/17/2028 |
|
EUR |
500 |
|
|
|
521 |
|
| Reg. S, 1.00%, 04/27/2029 |
|
EUR |
1,000 |
|
|
|
1,026 |
|
| Reg. S, 2.50%, 06/24/2026 |
|
EUR |
500 |
|
|
|
554 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,798 |
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Home Builders — 0.0% (g) |
|
|
|
|
|
|
|
|
| Berkeley Group plc (The), (United Kingdom), Reg. S, 2.50%, 08/11/2031 |
|
GBP |
172 |
|
|
|
184 |
|
| Lennar Corp., 5.00%, 06/15/2027 |
|
|
10 |
|
|
|
10 |
|
| MDC Holdings, Inc., 6.00%, 01/15/2043 |
|
|
5 |
|
|
|
5 |
|
| NVR, Inc., 3.00%, 05/15/2030 |
|
|
152 |
|
|
|
141 |
|
| PulteGroup, Inc., |
|
|
|
|
|
|
|
|
| 6.38%, 05/15/2033 |
|
|
24 |
|
|
|
26 |
|
| 7.88%, 06/15/2032 |
|
|
30 |
|
|
|
36 |
|
| Toll Brothers Finance Corp., 3.80%, 11/01/2029 |
|
|
100 |
|
|
|
97 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
499 |
|
|
|
|
|
|
|
|
|
|
| Leisure Time — 0.0% (g) |
|
|
|
|
|
|
|
|
| Amadeus IT Group SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 09/18/2026 |
|
EUR |
1,000 |
|
|
|
1,090 |
|
| Reg. S, 2.88%, 05/20/2027 |
|
EUR |
500 |
|
|
|
558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,648 |
|
|
|
|
|
|
|
|
|
|
| Lodging — 0.2% |
|
|
|
|
|
|
|
|
| Accor SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 02/04/2026 |
|
EUR |
6,900 |
|
|
|
7,551 |
|
| Reg. S, 2.38%, 11/29/2028 |
|
EUR |
3,500 |
|
|
|
3,775 |
|
| Reg. S, 3.88%, 03/11/2031 |
|
EUR |
300 |
|
|
|
340 |
|
| Choice Hotels International, Inc., 5.85%, 08/01/2034 |
|
|
40 |
|
|
|
41 |
|
| Hyatt Hotels Corp., 4.38%, 09/15/2028 |
|
|
10 |
|
|
|
10 |
|
| IHG Finance LLC, Reg. S, 4.38%, 11/28/2029 |
|
EUR |
7,725 |
|
|
|
8,993 |
|
| InterContinental Hotels Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 08/24/2026 |
|
GBP |
600 |
|
|
|
761 |
|
| Reg. S, 2.13%, 05/15/2027 |
|
EUR |
3,000 |
|
|
|
3,274 |
|
| Reg. S, 3.38%, 10/08/2028 |
|
GBP |
450 |
|
|
|
568 |
|
| Las Vegas Sands Corp., |
|
|
|
|
|
|
|
|
| 5.90%, 06/01/2027 |
|
|
15 |
|
|
|
15 |
|
| 6.00%, 08/15/2029 |
|
|
115 |
|
|
|
119 |
|
| 6.20%, 08/15/2034 |
|
|
35 |
|
|
|
37 |
|
| Marriott International, Inc., |
|
|
|
|
|
|
|
|
| 4.88%, 05/15/2029 |
|
|
30 |
|
|
|
30 |
|
| 5.00%, 10/15/2027 |
|
|
775 |
|
|
|
791 |
|
| 5.30%, 05/15/2034 |
|
|
80 |
|
|
|
82 |
|
| 5.35%, 03/15/2035 |
|
|
830 |
|
|
|
851 |
|
| 5.45%, 09/15/2026 |
|
|
87 |
|
|
|
89 |
|
| Series HH, 2.85%, 04/15/2031 |
|
|
624 |
|
|
|
561 |
|
| Whitbread Group plc, (United Kingdom), Reg. S, 2.38%, 05/31/2027 |
|
GBP |
1,000 |
|
|
|
1,244 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,132 |
|
|
|
|
|
|
|
|
|
|
| Retail — 0.2% |
|
|
|
|
|
|
|
|
| Alimentation Couche-Tard, Inc., (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 4.01%, 02/12/2036 |
|
EUR |
1,100 |
|
|
|
1,226 |
|
| 5.27%, 02/12/2034 (e) |
|
|
560 |
|
|
|
570 |
|
| AutoNation, Inc., 4.75%, 06/01/2030 |
|
|
1,300 |
|
|
|
1,293 |
|
| AutoZone, Inc., |
|
|
|
|
|
|
|
|
| 1.65%, 01/15/2031 |
|
|
2,595 |
|
|
|
2,188 |
|
| 4.75%, 02/01/2033 |
|
|
850 |
|
|
|
850 |
|
| 5.20%, 08/01/2033 |
|
|
25 |
|
|
|
26 |
|
| 6.25%, 11/01/2028 |
|
|
30 |
|
|
|
32 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Retail — continued |
|
|
|
|
|
|
|
|
| Darden Restaurants, Inc., |
|
|
|
|
|
|
|
|
| 4.35%, 10/15/2027 (w) |
|
|
20 |
|
|
|
20 |
|
| 4.55%, 10/15/2029 (w) |
|
|
55 |
|
|
|
55 |
|
| 6.30%, 10/10/2033 |
|
|
20 |
|
|
|
22 |
|
| Dick’s Sporting Goods, Inc., 4.10%, 01/15/2052 |
|
|
105 |
|
|
|
80 |
|
| Genuine Parts Co., 4.95%, 08/15/2029 |
|
|
910 |
|
|
|
925 |
|
| Greene King Finance plc, (United Kingdom), Series A2, 5.32%, 09/15/2031 |
|
GBP |
25 |
|
|
|
33 |
|
| Home Depot, Inc. (The), |
|
|
|
|
|
|
|
|
| 4.20%, 04/01/2043 |
|
|
818 |
|
|
|
746 |
|
| 4.95%, 06/25/2034 |
|
|
155 |
|
|
|
161 |
|
| McDonald’s Corp., |
|
|
|
|
|
|
|
|
| Reg. S, 0.90%, 06/15/2026 |
|
EUR |
1,500 |
|
|
|
1,617 |
|
| Reg. S, 1.75%, 05/03/2028 |
|
EUR |
1,000 |
|
|
|
1,074 |
|
| Reg. S, 1.88%, 05/26/2027 |
|
EUR |
1,000 |
|
|
|
1,089 |
|
| Reg. S, 2.38%, 05/31/2029 |
|
EUR |
200 |
|
|
|
217 |
|
| 3.63%, 09/01/2049 |
|
|
58 |
|
|
|
46 |
|
| 4.60%, 05/26/2045 |
|
|
20 |
|
|
|
19 |
|
| O’Reilly Automotive, Inc., |
|
|
|
|
|
|
|
|
| 3.90%, 06/01/2029 |
|
|
2 |
|
|
|
2 |
|
| 4.20%, 04/01/2030 |
|
|
8 |
|
|
|
8 |
|
| 4.70%, 06/15/2032 |
|
|
6 |
|
|
|
6 |
|
| Pandora A/S, (Denmark), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 05/31/2030 |
|
EUR |
3,950 |
|
|
|
4,481 |
|
| Reg. S, 4.50%, 04/10/2028 |
|
EUR |
6,225 |
|
|
|
7,237 |
|
| Roadster Finance DAC, (Ireland), Reg. S, 2.38%, 12/08/2027 |
|
EUR |
500 |
|
|
|
525 |
|
| Walmart, Inc., |
|
|
|
|
|
|
|
|
| 2.55%, 04/08/2026 |
|
EUR |
2,550 |
|
|
|
2,835 |
|
| 4.50%, 09/09/2052 |
|
|
15 |
|
|
|
15 |
|
| 4.50%, 04/15/2053 |
|
|
19 |
|
|
|
18 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,416 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Cyclical |
|
|
|
|
|
|
218,960 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 3.8% |
|
|
|
|
|
|
|
|
| Agriculture — 0.7% |
|
|
|
|
|
|
|
|
| Altria Group, Inc., |
|
|
|
|
|
|
|
|
| 3.13%, 06/15/2031 |
|
EUR |
12,900 |
|
|
|
13,960 |
|
| 3.40%, 02/04/2041 |
|
|
75 |
|
|
|
58 |
|
| 3.70%, 02/04/2051 |
|
|
110 |
|
|
|
81 |
|
| 3.88%, 09/16/2046 |
|
|
95 |
|
|
|
74 |
|
| 4.00%, 02/04/2061 |
|
|
60 |
|
|
|
46 |
|
| 5.80%, 02/14/2039 |
|
|
6 |
|
|
|
6 |
|
| 5.95%, 02/14/2049 |
|
|
6 |
|
|
|
6 |
|
| 6.20%, 11/01/2028 |
|
|
75 |
|
|
|
80 |
|
| 6.20%, 02/14/2059 |
|
|
8 |
|
|
|
9 |
|
| BAT Capital Corp., |
|
|
|
|
|
|
|
|
| 2.26%, 03/25/2028 |
|
|
10 |
|
|
|
9 |
|
| 3.56%, 08/15/2027 |
|
|
646 |
|
|
|
633 |
|
| 4.54%, 08/15/2047 |
|
|
4 |
|
|
|
3 |
|
| 4.76%, 09/06/2049 |
|
|
5 |
|
|
|
4 |
|
| 5.83%, 02/20/2031 |
|
|
65 |
|
|
|
69 |
|
| 6.00%, 02/20/2034 |
|
|
15 |
|
|
|
16 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Agriculture — continued |
|
|
|
|
|
|
|
|
| 7.08%, 08/02/2043 |
|
|
10 |
|
|
|
12 |
|
| 7.08%, 08/02/2053 |
|
|
15 |
|
|
|
17 |
|
| BAT International Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 03/13/2027 |
|
EUR |
625 |
|
|
|
670 |
|
| Reg. S, 2.25%, 06/26/2028 |
|
GBP |
860 |
|
|
|
1,045 |
|
| Reg. S, 2.25%, 01/16/2030 |
|
EUR |
2,500 |
|
|
|
2,625 |
|
| Reg. S, 2.25%, 09/09/2052 |
|
GBP |
1,500 |
|
|
|
951 |
|
| Reg. S, 3.13%, 03/06/2029 |
|
EUR |
559 |
|
|
|
620 |
|
| Reg. S, 4.13%, 04/12/2032 |
|
EUR |
5,950 |
|
|
|
6,703 |
|
| 4.45%, 03/16/2028 |
|
|
20 |
|
|
|
20 |
|
| 5.93%, 02/02/2029 |
|
|
1,825 |
|
|
|
1,926 |
|
| Reg. S, 6.00%, 11/24/2034 |
|
GBP |
600 |
|
|
|
825 |
|
| British American Tobacco plc, (United Kingdom), Series 5.25, Reg. S, (EUR Swap Rate 5 Year + 3.37%), 3.00%, 09/27/2026 (x) (aa) |
|
EUR |
2,000 |
|
|
|
2,171 |
|
| Cargill, Inc., |
|
|
|
|
|
|
|
|
| 1.70%, 02/02/2031 (e) |
|
|
750 |
|
|
|
641 |
|
| 2.13%, 04/23/2030 (e) |
|
|
1,500 |
|
|
|
1,354 |
|
| Imperial Brands Finance Netherlands BV, (Netherlands), Reg. S, 5.25%, 02/15/2031 |
|
EUR |
9,300 |
|
|
|
11,102 |
|
| Imperial Brands Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 02/26/2026 |
|
EUR |
1,161 |
|
|
|
1,298 |
|
| Reg. S, 5.50%, 09/28/2026 |
|
GBP |
4,000 |
|
|
|
5,400 |
|
| 5.50%, 02/01/2030 (e) |
|
|
2,000 |
|
|
|
2,064 |
|
| JT International Financial Services BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 11/26/2029 |
|
EUR |
4,700 |
|
|
|
4,730 |
|
| Reg. S, 2.75%, 09/28/2033 |
|
GBP |
4,475 |
|
|
|
5,030 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.18%), 2.88%, 10/07/2083 (aa) |
|
EUR |
1,254 |
|
|
|
1,334 |
|
| Reg. S, 3.63%, 04/11/2034 |
|
EUR |
5,000 |
|
|
|
5,582 |
|
| Philip Morris International, Inc., |
|
|
|
|
|
|
|
|
| 0.13%, 08/03/2026 |
|
EUR |
1,000 |
|
|
|
1,060 |
|
| 1.75%, 11/01/2030 |
|
|
70 |
|
|
|
60 |
|
| 1.88%, 11/06/2037 |
|
EUR |
2,300 |
|
|
|
2,015 |
|
| 3.13%, 06/03/2033 |
|
EUR |
1,000 |
|
|
|
1,084 |
|
| 3.75%, 01/15/2031 |
|
EUR |
6,850 |
|
|
|
7,835 |
|
| 3.88%, 08/21/2042 |
|
|
23 |
|
|
|
19 |
|
| 4.25%, 11/10/2044 |
|
|
165 |
|
|
|
146 |
|
| 4.88%, 11/15/2043 |
|
|
15 |
|
|
|
15 |
|
| 5.13%, 02/13/2031 |
|
|
635 |
|
|
|
659 |
|
| 5.25%, 02/13/2034 |
|
|
100 |
|
|
|
104 |
|
| 6.38%, 05/16/2038 |
|
|
105 |
|
|
|
120 |
|
| Sudzucker International Finance BV, (Netherlands), Reg. S, 5.13%, 10/31/2027 |
|
EUR |
500 |
|
|
|
583 |
|
| Viterra Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 09/24/2025 |
|
EUR |
1,000 |
|
|
|
1,082 |
|
| Reg. S, 1.00%, 09/24/2028 |
|
EUR |
2,050 |
|
|
|
2,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
88,059 |
|
|
|
|
|
|
|
|
|
|
| Beverages — 0.2% |
|
|
|
|
|
|
|
|
| Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide, Inc., |
|
|
|
|
|
|
|
|
| 4.70%, 02/01/2036 (jj) |
|
|
1,700 |
|
|
|
1,705 |
|
| 4.90%, 02/01/2046 |
|
|
1,655 |
|
|
|
1,628 |
|
| Anheuser-Busch InBev SA, (Belgium), Reg. S, 2.75%, 03/17/2036 |
|
EUR |
10 |
|
|
|
10 |
|
| Anheuser-Busch InBev Worldwide, Inc., 4.35%, 06/01/2040 |
|
|
5 |
|
|
|
5 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Beverages — continued |
|
|
|
|
|
|
|
|
| Carlsberg Breweries A/S, (Denmark), Reg. S, 3.50%, 11/26/2026 |
|
EUR |
4,100 |
|
|
|
4,631 |
|
| CCEP Finance Ireland DAC, (Ireland), Reg. S, 0.50%, 09/06/2029 |
|
EUR |
300 |
|
|
|
297 |
|
| Coca-Cola Co. (The), |
|
|
|
|
|
|
|
|
| 0.13%, 03/09/2029 |
|
EUR |
4,800 |
|
|
|
4,780 |
|
| 0.50%, 03/09/2033 |
|
EUR |
700 |
|
|
|
639 |
|
| 1.25%, 03/08/2031 |
|
EUR |
1,000 |
|
|
|
1,016 |
|
| 2.75%, 06/01/2060 |
|
|
175 |
|
|
|
115 |
|
| 3.00%, 03/05/2051 |
|
|
230 |
|
|
|
169 |
|
| 3.45%, 03/25/2030 |
|
|
70 |
|
|
|
68 |
|
| 5.40%, 05/13/2064 |
|
|
450 |
|
|
|
481 |
|
| Coca-Cola Europacific Partners plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 04/12/2029 |
|
EUR |
1,000 |
|
|
|
1,031 |
|
| Reg. S, 1.75%, 03/27/2026 |
|
EUR |
2,000 |
|
|
|
2,194 |
|
| Coca-Cola HBC Finance BV, (Netherlands), Reg. S, 1.63%, 05/14/2031 |
|
EUR |
3,293 |
|
|
|
3,359 |
|
| Constellation Brands, Inc., |
|
|
|
|
|
|
|
|
| 2.25%, 08/01/2031 |
|
|
10 |
|
|
|
9 |
|
| 4.35%, 05/09/2027 |
|
|
35 |
|
|
|
35 |
|
| Diageo Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 03/28/2033 |
|
GBP |
3,000 |
|
|
|
3,111 |
|
| Reg. S, 2.50%, 03/27/2032 |
|
EUR |
600 |
|
|
|
647 |
|
| Reg. S, 2.75%, 06/08/2038 |
|
GBP |
625 |
|
|
|
657 |
|
| PepsiCo., Inc., |
|
|
|
|
|
|
|
|
| 0.40%, 10/09/2032 |
|
EUR |
1,750 |
|
|
|
1,611 |
|
| 0.75%, 10/14/2033 |
|
EUR |
2,950 |
|
|
|
2,715 |
|
| 1.13%, 03/18/2031 |
|
EUR |
1,000 |
|
|
|
1,005 |
|
| 4.20%, 07/18/2052 |
|
|
45 |
|
|
|
40 |
|
| 4.65%, 02/15/2053 |
|
|
3 |
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,961 |
|
|
|
|
|
|
|
|
|
|
| Biotechnology — 0.1% |
|
|
|
|
|
|
|
|
| Amgen, Inc., |
|
|
|
|
|
|
|
|
| 1.90%, 02/21/2025 |
|
|
10 |
|
|
|
10 |
|
| 4.05%, 08/18/2029 |
|
|
39 |
|
|
|
39 |
|
| 4.40%, 05/01/2045 |
|
|
35 |
|
|
|
31 |
|
| 5.15%, 03/02/2028 |
|
|
10 |
|
|
|
10 |
|
| 5.25%, 03/02/2033 |
|
|
1,505 |
|
|
|
1,565 |
|
| 5.60%, 03/02/2043 |
|
|
615 |
|
|
|
646 |
|
| 5.65%, 03/02/2053 |
|
|
450 |
|
|
|
473 |
|
| Gilead Sciences, Inc., |
|
|
|
|
|
|
|
|
| 3.65%, 03/01/2026 |
|
|
65 |
|
|
|
64 |
|
| 4.00%, 09/01/2036 |
|
|
315 |
|
|
|
296 |
|
| 4.80%, 04/01/2044 |
|
|
265 |
|
|
|
256 |
|
| H Lundbeck A/S, (Denmark), Reg. S, 0.88%, 10/14/2027 |
|
EUR |
8,200 |
|
|
|
8,559 |
|
| Regeneron Pharmaceuticals, Inc., 2.80%, 09/15/2050 |
|
|
155 |
|
|
|
102 |
|
| Royalty Pharma plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 2.15%, 09/02/2031 |
|
|
60 |
|
|
|
51 |
|
| 3.30%, 09/02/2040 |
|
|
65 |
|
|
|
50 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,152 |
|
|
|
|
|
|
|
|
|
|
| Commercial Services — 1.2% |
|
|
|
|
|
|
|
|
| AA Bond Co. Ltd., (Jersey), Reg. S, 6.85%, 07/31/2031 |
|
GBP |
100 |
|
|
|
136 |
|
| Abertis Infraestructuras SA, (Spain), Reg. S, 3.38%, 11/27/2026 |
|
GBP |
4,400 |
|
|
|
5,684 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Commercial Services — continued |
|
|
|
|
|
|
|
|
| APRR SA, (France), Reg. S, 1.88%, 01/03/2029 |
|
EUR |
4,000 |
|
|
|
4,278 |
|
| ASTM SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 11/25/2026 |
|
EUR |
1,000 |
|
|
|
1,068 |
|
| Reg. S, 1.63%, 02/08/2028 |
|
EUR |
500 |
|
|
|
532 |
|
| Automatic Data Processing, Inc., 1.25%, 09/01/2030 |
|
|
10 |
|
|
|
9 |
|
| Autoroutes du Sud de la France SA, (France), Reg. S, 1.25%, 01/18/2027 |
|
EUR |
3,900 |
|
|
|
4,213 |
|
| Autostrade per l’Italia SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 01/25/2028 |
|
EUR |
7,000 |
|
|
|
7,424 |
|
| Reg. S, 2.25%, 01/25/2032 |
|
EUR |
7,000 |
|
|
|
7,028 |
|
| Ayvens SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 03/02/2026 |
|
EUR |
3,000 |
|
|
|
3,258 |
|
| Reg. S, 3.88%, 01/24/2028 |
|
EUR |
1,100 |
|
|
|
1,247 |
|
| Babcock International Group plc, (United Kingdom), Reg. S, 1.38%, 09/13/2027 |
|
EUR |
22,627 |
|
|
|
23,889 |
|
| Central Nippon Expressway Co. Ltd., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 0.89%, 09/29/2025 |
|
|
1,500 |
|
|
|
1,448 |
|
| Reg. S, 0.89%, 12/10/2025 |
|
|
200 |
|
|
|
192 |
|
| Cintas Corp. No. 2, 4.00%, 05/01/2032 |
|
|
30 |
|
|
|
29 |
|
| East Nippon Expressway Co. Ltd., (Japan), Series 66, 0.10%, 12/18/2026 |
|
JPY |
100,000 |
|
|
|
689 |
|
| Edenred SE, (France), Reg. S, 1.88%, 03/06/2026 |
|
EUR |
500 |
|
|
|
549 |
|
| Elis SA, (France), Reg. S, 3.75%, 03/21/2030 |
|
EUR |
2,000 |
|
|
|
2,245 |
|
| Equifax, Inc., |
|
|
|
|
|
|
|
|
| 3.10%, 05/15/2030 |
|
|
1,800 |
|
|
|
1,684 |
|
| 5.10%, 12/15/2027 |
|
|
90 |
|
|
|
92 |
|
| ERAC USA Finance LLC, |
|
|
|
|
|
|
|
|
| 3.85%, 11/15/2024 (e) |
|
|
160 |
|
|
|
160 |
|
| 4.50%, 02/15/2045 (e) |
|
|
400 |
|
|
|
368 |
|
| 4.60%, 05/01/2028 (e) |
|
|
1,100 |
|
|
|
1,114 |
|
| 4.90%, 05/01/2033 (e) |
|
|
865 |
|
|
|
881 |
|
| 7.00%, 10/15/2037 (e) |
|
|
800 |
|
|
|
953 |
|
| Experian Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 06/25/2026 |
|
EUR |
2,625 |
|
|
|
2,857 |
|
| Reg. S, 3.25%, 04/07/2032 |
|
GBP |
425 |
|
|
|
518 |
|
| Reg. S, 3.38%, 10/10/2034 |
|
EUR |
7,000 |
|
|
|
7,834 |
|
| Global Payments, Inc., 4.88%, 03/17/2031 |
|
EUR |
2,050 |
|
|
|
2,432 |
|
| Holding d’Infrastructures de Transport SASU, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 09/14/2028 |
|
EUR |
300 |
|
|
|
303 |
|
| Reg. S, 2.50%, 05/04/2027 |
|
EUR |
1,600 |
|
|
|
1,759 |
|
| Johns Hopkins University, Series A, 2.81%, 01/01/2060 |
|
|
600 |
|
|
|
398 |
|
| Leasys SpA, (Italy), Reg. S, 4.50%, 07/26/2026 |
|
EUR |
1,000 |
|
|
|
1,141 |
|
| ManpowerGroup, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 06/22/2026 |
|
EUR |
1,000 |
|
|
|
1,096 |
|
| Reg. S, 3.50%, 06/30/2027 |
|
EUR |
500 |
|
|
|
563 |
|
| Massachusetts Institute of Technology, |
|
|
|
|
|
|
|
|
| 3.89%, 07/01/2116 |
|
|
663 |
|
|
|
522 |
|
| 4.68%, 07/01/2114 |
|
|
550 |
|
|
|
523 |
|
| Moody’s Corp., 1.75%, 03/09/2027 |
|
EUR |
1,125 |
|
|
|
1,220 |
|
| Motability Operations Group plc, (United Kingdom), Reg. S, 5.75%, 06/17/2051 |
|
GBP |
2,425 |
|
|
|
3,332 |
|
| President and Fellows of Harvard College, 2.52%, 10/15/2050 |
|
|
10 |
|
|
|
7 |
|
| Prosegur Cash SA, (Spain), Reg. S, 1.38%, 02/04/2026 |
|
EUR |
1,500 |
|
|
|
1,637 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Commercial Services — continued |
|
|
|
|
|
|
|
|
| Quanta Services, Inc., |
|
|
|
|
|
|
|
|
| 2.35%, 01/15/2032 |
|
|
60 |
|
|
|
52 |
|
| 2.90%, 10/01/2030 |
|
|
45 |
|
|
|
41 |
|
| 3.05%, 10/01/2041 |
|
|
30 |
|
|
|
23 |
|
| RELX Capital, Inc., 4.75%, 05/20/2032 |
|
|
610 |
|
|
|
616 |
|
| RELX Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 03/10/2028 |
|
EUR |
500 |
|
|
|
517 |
|
| Reg. S, 0.88%, 03/10/2032 |
|
EUR |
9,000 |
|
|
|
8,615 |
|
| Reg. S, 1.38%, 05/12/2026 |
|
EUR |
1,000 |
|
|
|
1,090 |
|
| Reg. S, 3.75%, 06/12/2031 |
|
EUR |
7,000 |
|
|
|
8,110 |
|
| Rentokil Initial plc, (United Kingdom), Reg. S, 5.00%, 06/27/2032 |
|
GBP |
4,000 |
|
|
|
5,245 |
|
| S&P Global, Inc., |
|
|
|
|
|
|
|
|
| 2.30%, 08/15/2060 |
|
|
41 |
|
|
|
23 |
|
| 2.45%, 03/01/2027 |
|
|
35 |
|
|
|
34 |
|
| 5.25%, 09/15/2033 |
|
|
35 |
|
|
|
37 |
|
| Securitas Treasury Ireland DAC, (Ireland), Reg. S, 3.88%, 02/23/2030 |
|
EUR |
6,525 |
|
|
|
7,445 |
|
| SGS Nederland Holding BV, (Netherlands), Reg. S, 0.13%, 04/21/2027 |
|
EUR |
2,500 |
|
|
|
2,602 |
|
| Transurban Finance Co. Pty Ltd., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.45%, 05/16/2029 |
|
EUR |
7,000 |
|
|
|
7,266 |
|
| Reg. S, 3.00%, 04/08/2030 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 4.23%, 04/26/2033 |
|
EUR |
1,450 |
|
|
|
1,700 |
|
| Trustees of Princeton University (The), 4.20%, 03/01/2052 |
|
|
1,295 |
|
|
|
1,200 |
|
| University of Oxford, (United Kingdom), Reg. S, 2.54%, 12/08/2117 |
|
GBP |
1,500 |
|
|
|
1,052 |
|
| University of Southern California, 4.98%, 10/01/2053 |
|
|
656 |
|
|
|
677 |
|
| Verisk Analytics, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 06/05/2034 |
|
|
80 |
|
|
|
83 |
|
| 5.50%, 06/15/2045 |
|
|
28 |
|
|
|
28 |
|
| 5.75%, 04/01/2033 |
|
|
17 |
|
|
|
18 |
|
| Washington University (The), |
|
|
|
|
|
|
|
|
| 4.35%, 04/15/2122 |
|
|
255 |
|
|
|
219 |
|
| Series 2022, 3.52%, 04/15/2054 |
|
|
900 |
|
|
|
723 |
|
| Wellcome Trust Ltd. (The), (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 07/14/2071 |
|
GBP |
1,500 |
|
|
|
764 |
|
| Reg. S, 2.52%, 02/07/2118 |
|
GBP |
200 |
|
|
|
139 |
|
| West Nippon Expressway Co. Ltd., (Japan), Series 29, 0.31%, 02/12/2026 |
|
JPY |
200,000 |
|
|
|
1,389 |
|
| Wolters Kluwer NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 03/30/2028 |
|
EUR |
1,500 |
|
|
|
1,534 |
|
| Reg. S, 0.75%, 07/03/2030 |
|
EUR |
4,475 |
|
|
|
4,413 |
|
| Reg. S, 1.50%, 03/22/2027 |
|
EUR |
4,375 |
|
|
|
4,730 |
|
| Reg. S, 3.75%, 04/03/2031 |
|
EUR |
5,000 |
|
|
|
5,784 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
161,591 |
|
|
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — 0.2% |
|
|
|
|
|
|
|
|
| Colgate-Palmolive Co., 3.70%, 08/01/2047 |
|
|
20 |
|
|
|
17 |
|
| Essity AB, (Sweden), Reg. S, 0.25%, 02/08/2031 |
|
EUR |
4,340 |
|
|
|
4,099 |
|
| Procter & Gamble Co. (The), |
|
|
|
|
|
|
|
|
| 0.35%, 05/05/2030 |
|
EUR |
2,800 |
|
|
|
2,742 |
|
| 1.88%, 10/30/2038 |
|
EUR |
325 |
|
|
|
313 |
|
| 3.25%, 08/02/2031 |
|
EUR |
3,700 |
|
|
|
4,233 |
|
| 4.55%, 01/29/2034 |
|
|
1,200 |
|
|
|
1,238 |
|
| 4.88%, 05/11/2027 |
|
EUR |
425 |
|
|
|
500 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — continued |
|
|
|
|
|
|
|
|
| Reckitt Benckiser Treasury Services Nederland BV, (Netherlands), Reg. S, 0.75%, 05/19/2030 |
|
EUR |
200 |
|
|
|
197 |
|
| Unilever Finance Netherlands BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 02/12/2027 |
|
EUR |
825 |
|
|
|
890 |
|
| Reg. S, 1.13%, 04/29/2028 |
|
EUR |
1,000 |
|
|
|
1,064 |
|
| Reg. S, 1.25%, 02/28/2031 |
|
EUR |
1,500 |
|
|
|
1,520 |
|
| Reg. S, 1.75%, 03/25/2030 |
|
EUR |
6,000 |
|
|
|
6,373 |
|
| Reg. S, 3.50%, 02/23/2035 |
|
EUR |
2,850 |
|
|
|
3,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,482 |
|
|
|
|
|
|
|
|
|
|
| Food — 0.3% |
|
|
|
|
|
|
|
|
| Campbell Soup Co., 4.75%, 03/23/2035 (w) |
|
|
1,190 |
|
|
|
1,185 |
|
| Conagra Brands, Inc., 5.30%, 11/01/2038 |
|
|
95 |
|
|
|
95 |
|
| General Mills, Inc., |
|
|
|
|
|
|
|
|
| 0.13%, 11/15/2025 |
|
EUR |
1,000 |
|
|
|
1,077 |
|
| 0.45%, 01/15/2026 |
|
EUR |
3,000 |
|
|
|
3,226 |
|
| 3.65%, 10/23/2030 |
|
EUR |
2,300 |
|
|
|
2,622 |
|
| Hormel Foods Corp., 1.70%, 06/03/2028 |
|
|
4 |
|
|
|
4 |
|
| JBS USA Holding Lux Sarl / JBS USA Food Co. / JBS Lux Co. Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| 3.00%, 05/15/2032 |
|
|
575 |
|
|
|
498 |
|
| 5.75%, 04/01/2033 |
|
|
741 |
|
|
|
768 |
|
| Kellanova, 0.50%, 05/20/2029 |
|
EUR |
1,500 |
|
|
|
1,508 |
|
| Kraft Heinz Foods Co., Reg. S, 2.25%, 05/25/2028 |
|
EUR |
1,000 |
|
|
|
1,091 |
|
| Kroger Co. (The), |
|
|
|
|
|
|
|
|
| 3.95%, 01/15/2050 |
|
|
5 |
|
|
|
4 |
|
| 4.70%, 08/15/2026 |
|
|
665 |
|
|
|
670 |
|
| 5.50%, 09/15/2054 |
|
|
30 |
|
|
|
30 |
|
| 5.65%, 09/15/2064 |
|
|
20 |
|
|
|
20 |
|
| Mars, Inc., 2.38%, 07/16/2040 (e) |
|
|
1,200 |
|
|
|
854 |
|
| Mondelez International Holdings Netherlands BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 09/09/2029 |
|
EUR |
1,000 |
|
|
|
982 |
|
| Reg. S, 0.38%, 09/22/2029 |
|
EUR |
200 |
|
|
|
197 |
|
| Mondelez International, Inc., |
|
|
|
|
|
|
|
|
| 0.25%, 03/17/2028 |
|
EUR |
1,000 |
|
|
|
1,019 |
|
| 0.75%, 03/17/2033 |
|
EUR |
500 |
|
|
|
455 |
|
| 1.50%, 02/04/2031 |
|
|
1,000 |
|
|
|
844 |
|
| Nestle Capital Corp., 5.10%, 03/12/2054 (e) |
|
|
610 |
|
|
|
635 |
|
| Nestle Finance International Ltd., (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 06/14/2026 |
|
EUR |
1,500 |
|
|
|
1,601 |
|
| Reg. S, 0.38%, 05/12/2032 |
|
EUR |
936 |
|
|
|
877 |
|
| Reg. S, 1.25%, 03/29/2031 |
|
EUR |
1,200 |
|
|
|
1,228 |
|
| Reg. S, 3.00%, 03/15/2028 |
|
EUR |
15 |
|
|
|
17 |
|
| Pilgrim’s Pride Corp., |
|
|
|
|
|
|
|
|
| 3.50%, 03/01/2032 |
|
|
35 |
|
|
|
31 |
|
| 6.25%, 07/01/2033 |
|
|
115 |
|
|
|
122 |
|
| REWE International Finance BV, (Netherlands), Reg. S, 4.88%, 09/13/2030 |
|
EUR |
5,400 |
|
|
|
6,434 |
|
| Tesco Corporate Treasury Services plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 05/29/2026 |
|
EUR |
1,500 |
|
|
|
1,619 |
|
| Reg. S, 1.88%, 11/02/2028 |
|
GBP |
1,300 |
|
|
|
1,556 |
|
| Reg. S, 2.75%, 04/27/2030 |
|
GBP |
825 |
|
|
|
990 |
|
| Reg. S, 5.50%, 02/27/2035 |
|
GBP |
2,000 |
|
|
|
2,683 |
|
| Tyson Foods, Inc., 5.70%, 03/15/2034 |
|
|
440 |
|
|
|
463 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Food — continued |
|
|
|
|
|
|
|
|
| Woolworths Group Ltd., (Australia), Reg. S, 0.38%, 11/15/2028 |
|
EUR |
1,500 |
|
|
|
1,486 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,891 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Products — 0.3% |
|
|
|
|
|
|
|
|
| Abbott Laboratories, 4.90%, 11/30/2046 |
|
|
25 |
|
|
|
26 |
|
| Agilent Technologies, Inc., 3.05%, 09/22/2026 |
|
|
35 |
|
|
|
34 |
|
| Alcon Finance BV, (Netherlands), Reg. S, 2.38%, 05/31/2028 |
|
EUR |
200 |
|
|
|
219 |
|
| American Medical Systems Europe BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 3.38%, 03/08/2029 |
|
EUR |
1,500 |
|
|
|
1,698 |
|
| 3.50%, 03/08/2032 |
|
EUR |
2,900 |
|
|
|
3,287 |
|
| Becton Dickinson Euro Finance Sarl, (Luxembourg), 1.21%, 06/04/2026 |
|
EUR |
825 |
|
|
|
895 |
|
| Boston Scientific Corp., |
|
|
|
|
|
|
|
|
| 0.63%, 12/01/2027 |
|
EUR |
800 |
|
|
|
834 |
|
| 6.50%, 11/15/2035 |
|
|
15 |
|
|
|
17 |
|
| DH Europe Finance II Sarl, (Luxembourg), 0.20%, 03/18/2026 |
|
EUR |
3,775 |
|
|
|
4,049 |
|
| Edwards Lifesciences Corp., 4.30%, 06/15/2028 |
|
|
45 |
|
|
|
45 |
|
| EssilorLuxottica SA, (France), Reg. S, 0.38%, 01/05/2026 |
|
EUR |
600 |
|
|
|
649 |
|
| GE HealthCare Technologies, Inc., 4.80%, 08/14/2029 |
|
|
50 |
|
|
|
51 |
|
| Medtronic Global Holdings SCA, (Luxembourg), |
|
|
|
|
|
|
|
|
| 1.13%, 03/07/2027 |
|
EUR |
4,000 |
|
|
|
4,289 |
|
| 1.63%, 10/15/2050 |
|
EUR |
900 |
|
|
|
656 |
|
| 1.75%, 07/02/2049 |
|
EUR |
900 |
|
|
|
679 |
|
| 3.00%, 10/15/2028 |
|
EUR |
3,400 |
|
|
|
3,821 |
|
| 3.38%, 10/15/2034 |
|
EUR |
4,200 |
|
|
|
4,753 |
|
| Medtronic, Inc., 4.15%, 10/15/2053 |
|
EUR |
270 |
|
|
|
311 |
|
| Smith & Nephew plc, (United Kingdom), 4.57%, 10/11/2029 |
|
EUR |
1,500 |
|
|
|
1,777 |
|
| Stryker Corp., |
|
|
|
|
|
|
|
|
| 1.00%, 12/03/2031 |
|
EUR |
1,300 |
|
|
|
1,256 |
|
| 3.38%, 12/11/2028 |
|
EUR |
2,200 |
|
|
|
2,494 |
|
| 3.63%, 09/11/2036 |
|
EUR |
4,525 |
|
|
|
5,049 |
|
| Thermo Fisher Scientific Finance I BV, (Netherlands), 1.13%, 10/18/2033 |
|
EUR |
1,000 |
|
|
|
941 |
|
| Thermo Fisher Scientific, Inc., 1.88%, 10/01/2049 |
|
EUR |
900 |
|
|
|
695 |
|
| Werfen SA, (Spain), Reg. S, 0.50%, 10/28/2026 |
|
EUR |
1,200 |
|
|
|
1,270 |
|
| Zimmer Biomet Holdings, Inc., |
|
|
|
|
|
|
|
|
| 1.16%, 11/15/2027 |
|
EUR |
1,000 |
|
|
|
1,056 |
|
| 2.43%, 12/13/2026 |
|
EUR |
500 |
|
|
|
552 |
|
| 2.60%, 11/24/2031 |
|
|
16 |
|
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41,417 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Services — 0.3% |
|
|
|
|
|
|
|
|
| Advocate Health & Hospitals Corp., 3.39%, 10/15/2049 |
|
|
35 |
|
|
|
27 |
|
| Aetna, Inc., 3.50%, 11/15/2024 |
|
|
58 |
|
|
|
58 |
|
| AHS Hospital Corp., Series 2021, 2.78%, 07/01/2051 |
|
|
750 |
|
|
|
514 |
|
| Ascension Health, 3.95%, 11/15/2046 |
|
|
40 |
|
|
|
35 |
|
| Centene Corp., 2.45%, 07/15/2028 |
|
|
95 |
|
|
|
87 |
|
| Cigna Group (The), |
|
|
|
|
|
|
|
|
| 2.40%, 03/15/2030 |
|
|
66 |
|
|
|
60 |
|
| 4.90%, 12/15/2048 |
|
|
800 |
|
|
|
753 |
|
| 5.60%, 02/15/2054 |
|
|
40 |
|
|
|
41 |
|
| Cleveland Clinic Foundation (The), 4.86%, 01/01/2114 |
|
|
1,000 |
|
|
|
940 |
|
| CommonSpirit Health, 3.91%, 10/01/2050 |
|
|
50 |
|
|
|
40 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Healthcare - Services — continued |
|
|
|
|
|
|
|
|
| Elevance Health, Inc., 5.65%, 06/15/2054 |
|
|
2,050 |
|
|
|
2,160 |
|
| Hackensack Meridian Health, Inc., Series 2020, 2.68%, 09/01/2041 |
|
|
1,335 |
|
|
|
991 |
|
| HCA, Inc., |
|
|
|
|
|
|
|
|
| 3.13%, 03/15/2027 |
|
|
2,560 |
|
|
|
2,488 |
|
| 4.13%, 06/15/2029 |
|
|
105 |
|
|
|
103 |
|
| 4.63%, 03/15/2052 |
|
|
85 |
|
|
|
74 |
|
| 5.13%, 06/15/2039 |
|
|
355 |
|
|
|
349 |
|
| 5.45%, 04/01/2031 |
|
|
110 |
|
|
|
114 |
|
| 5.45%, 09/15/2034 |
|
|
20 |
|
|
|
21 |
|
| 5.60%, 04/01/2034 |
|
|
20 |
|
|
|
21 |
|
| 5.95%, 09/15/2054 |
|
|
40 |
|
|
|
42 |
|
| 6.00%, 04/01/2054 |
|
|
35 |
|
|
|
37 |
|
| 6.10%, 04/01/2064 |
|
|
40 |
|
|
|
42 |
|
| Health Care Service Corp. A Mutual Legal Reserve Co., |
|
|
|
|
|
|
|
|
| 2.20%, 06/01/2030 (e) |
|
|
1,400 |
|
|
|
1,244 |
|
| 5.20%, 06/15/2029 (e) |
|
|
405 |
|
|
|
417 |
|
| 5.88%, 06/15/2054 (e) |
|
|
265 |
|
|
|
280 |
|
| Humana, Inc., 5.88%, 03/01/2033 |
|
|
50 |
|
|
|
53 |
|
| Icon Investments Six DAC, (Ireland), 5.85%, 05/08/2029 |
|
|
825 |
|
|
|
867 |
|
| IQVIA, Inc., 6.25%, 02/01/2029 |
|
|
1,067 |
|
|
|
1,135 |
|
| Kaiser Foundation Hospitals, |
|
|
|
|
|
|
|
|
| 4.15%, 05/01/2047 |
|
|
1,200 |
|
|
|
1,077 |
|
| Series 2021, 3.00%, 06/01/2051 |
|
|
50 |
|
|
|
36 |
|
| Laboratory Corp. of America Holdings, 4.80%, 10/01/2034 |
|
|
860 |
|
|
|
849 |
|
| Lonza Finance International NV, (Belgium), Reg. S, 1.63%, 04/21/2027 |
|
EUR |
2,800 |
|
|
|
3,030 |
|
| Mayo Clinic, |
|
|
|
|
|
|
|
|
| 3.77%, 11/15/2043 |
|
|
30 |
|
|
|
26 |
|
| Series 2021, 3.20%, 11/15/2061 |
|
|
440 |
|
|
|
316 |
|
| Memorial Sloan-Kettering Cancer Center, 4.13%, 07/01/2052 |
|
|
15 |
|
|
|
13 |
|
| Methodist Hospital (The), Series 20A, 2.71%, 12/01/2050 |
|
|
1,500 |
|
|
|
1,019 |
|
| MultiCare Health System, 2.80%, 08/15/2050 |
|
|
1,000 |
|
|
|
635 |
|
| MyMichigan Health, Series 2020, 3.41%, 06/01/2050 |
|
|
1,495 |
|
|
|
1,123 |
|
| New York and Presbyterian Hospital (The), |
|
|
|
|
|
|
|
|
| 2.26%, 08/01/2040 |
|
|
1,090 |
|
|
|
779 |
|
| 4.02%, 08/01/2045 |
|
|
20 |
|
|
|
18 |
|
| OhioHealth Corp., |
|
|
|
|
|
|
|
|
| 2.30%, 11/15/2031 |
|
|
830 |
|
|
|
718 |
|
| 2.83%, 11/15/2041 |
|
|
370 |
|
|
|
284 |
|
| Series 2020, 3.04%, 11/15/2050 |
|
|
535 |
|
|
|
403 |
|
| PeaceHealth Obligated Group, |
|
|
|
|
|
|
|
|
| Series 2020, 1.38%, 11/15/2025 |
|
|
700 |
|
|
|
674 |
|
| Series 2020, 3.22%, 11/15/2050 |
|
|
745 |
|
|
|
526 |
|
| Piedmont Healthcare, Inc., |
|
|
|
|
|
|
|
|
| Series 2032, 2.04%, 01/01/2032 |
|
|
470 |
|
|
|
397 |
|
| Series 2042, 2.72%, 01/01/2042 |
|
|
450 |
|
|
|
336 |
|
| Providence St Joseph Health Obligated Group, Series 21A, 2.70%, 10/01/2051 |
|
|
50 |
|
|
|
32 |
|
| Roche Holdings, Inc., |
|
|
|
|
|
|
|
|
| 4.99%, 03/08/2034 (e) |
|
|
1,950 |
|
|
|
2,031 |
|
| 5.59%, 11/13/2033 (e) (jj) |
|
|
1,650 |
|
|
|
1,788 |
|
| Sentara Health, Series 2021, 2.93%, 11/01/2051 |
|
|
2,365 |
|
|
|
1,663 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Healthcare - Services — continued |
|
|
|
|
|
|
|
|
| Texas Health Resources, 2.33%, 11/15/2050 |
|
|
750 |
|
|
|
467 |
|
| Trinity Health Corp., Series 2021, 2.63%, 12/01/2040 |
|
|
230 |
|
|
|
172 |
|
| UnitedHealth Group, Inc., |
|
|
|
|
|
|
|
|
| 2.00%, 05/15/2030 |
|
|
160 |
|
|
|
142 |
|
| 3.70%, 08/15/2049 |
|
|
1,100 |
|
|
|
884 |
|
| 5.20%, 04/15/2063 |
|
|
1,200 |
|
|
|
1,199 |
|
| 5.75%, 07/15/2064 |
|
|
925 |
|
|
|
997 |
|
| 6.05%, 02/15/2063 |
|
|
20 |
|
|
|
23 |
|
| Universal Health Services, Inc., |
|
|
|
|
|
|
|
|
| 2.65%, 10/15/2030 |
|
|
153 |
|
|
|
136 |
|
| 2.65%, 01/15/2032 |
|
|
37 |
|
|
|
32 |
|
| 5.05%, 10/15/2034 |
|
|
100 |
|
|
|
98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,916 |
|
|
|
|
|
|
|
|
|
|
| Household Products/Wares — 0.0% (g) |
|
|
|
|
|
|
|
|
| Henkel AG & Co. KGaA, (Germany), Reg. S, 0.50%, 11/17/2032 |
|
EUR |
1,000 |
|
|
|
943 |
|
| Kimberly-Clark Corp., |
|
|
|
|
|
|
|
|
| 2.88%, 02/07/2050 |
|
|
25 |
|
|
|
18 |
|
| 3.10%, 03/26/2030 |
|
|
8 |
|
|
|
8 |
|
| Reckitt Benckiser Treasury Services plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 05/19/2032 |
|
GBP |
2,175 |
|
|
|
2,342 |
|
| Reg. S, 3.88%, 09/14/2033 |
|
EUR |
1,700 |
|
|
|
1,954 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,265 |
|
|
|
|
|
|
|
|
|
|
| Pharmaceuticals — 0.5% |
|
|
|
|
|
|
|
|
| AbbVie, Inc., |
|
|
|
|
|
|
|
|
| 3.20%, 11/21/2029 (jj) |
|
|
4,960 |
|
|
|
4,740 |
|
| 4.05%, 11/21/2039 |
|
|
25 |
|
|
|
23 |
|
| 4.40%, 11/06/2042 |
|
|
5 |
|
|
|
5 |
|
| 4.50%, 05/14/2035 |
|
|
255 |
|
|
|
254 |
|
| 4.95%, 03/15/2031 |
|
|
10 |
|
|
|
10 |
|
| 5.05%, 03/15/2034 |
|
|
10 |
|
|
|
10 |
|
| 5.35%, 03/15/2044 |
|
|
10 |
|
|
|
11 |
|
| 5.50%, 03/15/2064 |
|
|
210 |
|
|
|
224 |
|
| Astrazeneca Finance LLC, 1.75%, 05/28/2028 |
|
|
50 |
|
|
|
46 |
|
| AstraZeneca plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 06/03/2029 |
|
EUR |
1,500 |
|
|
|
1,506 |
|
| Reg. S, 1.25%, 05/12/2028 |
|
EUR |
1,000 |
|
|
|
1,065 |
|
| 2.13%, 08/06/2050 |
|
|
3 |
|
|
|
2 |
|
| 4.38%, 11/16/2045 |
|
|
8 |
|
|
|
7 |
|
| Bayer AG, (Germany), Reg. S, 1.13%, 01/06/2030 |
|
EUR |
1,000 |
|
|
|
993 |
|
| Bayer Capital Corp. BV, (Netherlands), Reg. S, 2.13%, 12/15/2029 |
|
EUR |
600 |
|
|
|
630 |
|
| Bristol-Myers Squibb Co., 6.40%, 11/15/2063 |
|
|
820 |
|
|
|
963 |
|
| Cardinal Health, Inc., |
|
|
|
|
|
|
|
|
| 4.37%, 06/15/2047 |
|
|
15 |
|
|
|
13 |
|
| 4.50%, 11/15/2044 |
|
|
5 |
|
|
|
5 |
|
| 5.45%, 02/15/2034 |
|
|
23 |
|
|
|
24 |
|
| Cencora, Inc., |
|
|
|
|
|
|
|
|
| 2.70%, 03/15/2031 |
|
|
65 |
|
|
|
58 |
|
| 3.25%, 03/01/2025 |
|
|
8 |
|
|
|
8 |
|
| 3.45%, 12/15/2027 |
|
|
5 |
|
|
|
5 |
|
| 4.25%, 03/01/2045 |
|
|
21 |
|
|
|
18 |
|
| 4.30%, 12/15/2047 |
|
|
2 |
|
|
|
2 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pharmaceuticals — continued |
|
|
|
|
|
|
|
|
| CVS Health Corp., 5.05%, 03/25/2048 |
|
|
1,200 |
|
|
|
1,094 |
|
| Eli Lilly & Co., |
|
|
|
|
|
|
|
|
| 0.50%, 09/14/2033 |
|
EUR |
1,500 |
|
|
|
1,372 |
|
| 1.13%, 09/14/2051 |
|
EUR |
2,717 |
|
|
|
1,862 |
|
| 1.38%, 09/14/2061 |
|
EUR |
1,620 |
|
|
|
1,024 |
|
| 1.63%, 06/02/2026 |
|
EUR |
1,500 |
|
|
|
1,642 |
|
| 2.13%, 06/03/2030 |
|
EUR |
3,500 |
|
|
|
3,792 |
|
| 4.60%, 08/14/2034 |
|
|
522 |
|
|
|
529 |
|
| 4.70%, 02/09/2034 |
|
|
510 |
|
|
|
521 |
|
| 4.88%, 02/27/2053 |
|
|
270 |
|
|
|
270 |
|
| 4.95%, 02/27/2063 |
|
|
100 |
|
|
|
100 |
|
| GlaxoSmithKline Capital plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 5.25%, 12/19/2033 |
|
GBP |
640 |
|
|
|
900 |
|
| Reg. S, 5.25%, 04/10/2042 |
|
GBP |
150 |
|
|
|
202 |
|
| Johnson & Johnson, |
|
|
|
|
|
|
|
|
| 1.15%, 11/20/2028 |
|
EUR |
1,000 |
|
|
|
1,060 |
|
| 2.45%, 09/01/2060 |
|
|
30 |
|
|
|
19 |
|
| 5.25%, 06/01/2054 |
|
|
1,255 |
|
|
|
1,358 |
|
| McKesson Corp., |
|
|
|
|
|
|
|
|
| 0.90%, 12/03/2025 |
|
|
10 |
|
|
|
10 |
|
| 1.50%, 11/17/2025 |
|
EUR |
1,000 |
|
|
|
1,095 |
|
| 1.63%, 10/30/2026 |
|
EUR |
2,000 |
|
|
|
2,178 |
|
| 3.13%, 02/17/2029 |
|
GBP |
1,925 |
|
|
|
2,426 |
|
| Merck & Co., Inc., |
|
|
|
|
|
|
|
|
| 1.38%, 11/02/2036 |
|
EUR |
1,000 |
|
|
|
915 |
|
| 1.88%, 10/15/2026 |
|
EUR |
1,900 |
|
|
|
2,085 |
|
| 2.35%, 06/24/2040 |
|
|
10 |
|
|
|
7 |
|
| 2.50%, 10/15/2034 |
|
EUR |
500 |
|
|
|
531 |
|
| 2.90%, 12/10/2061 |
|
|
55 |
|
|
|
36 |
|
| 3.70%, 02/10/2045 |
|
|
10 |
|
|
|
9 |
|
| 3.90%, 03/07/2039 |
|
|
150 |
|
|
|
137 |
|
| 4.30%, 05/17/2030 |
|
|
20 |
|
|
|
20 |
|
| 4.90%, 05/17/2044 |
|
|
285 |
|
|
|
286 |
|
| 5.00%, 05/17/2053 |
|
|
10 |
|
|
|
10 |
|
| 5.15%, 05/17/2063 |
|
|
215 |
|
|
|
220 |
|
| Merck KGaA, (Germany), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.54%), 3.88%, 08/27/2054 (aa) |
|
EUR |
2,700 |
|
|
|
3,006 |
|
| MSD Netherlands Capital BV, (Netherlands), 3.75%, 05/30/2054 |
|
EUR |
400 |
|
|
|
442 |
|
| Novartis Capital Corp., 2.75%, 08/14/2050 |
|
|
45 |
|
|
|
32 |
|
| Novartis Finance SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 09/20/2028 |
|
EUR |
1,000 |
|
|
|
1,042 |
|
| Reg. S, 1.13%, 09/30/2027 |
|
EUR |
1,000 |
|
|
|
1,072 |
|
| Reg. S, 1.38%, 08/14/2030 |
|
EUR |
1,000 |
|
|
|
1,038 |
|
| Reg. S, 1.70%, 08/14/2038 |
|
EUR |
1,000 |
|
|
|
949 |
|
| Novo Nordisk Finance Netherlands BV, (Denmark), Reg. S, 3.38%, 05/21/2034 |
|
EUR |
6,475 |
|
|
|
7,399 |
|
| Novo Nordisk Finance Netherlands BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 09/30/2027 |
|
EUR |
1,000 |
|
|
|
1,071 |
|
| Reg. S, 1.38%, 03/31/2030 |
|
EUR |
1,000 |
|
|
|
1,040 |
|
| Pfizer Investment Enterprises Pte Ltd., (Singapore), 5.34%, 05/19/2063 |
|
|
6 |
|
|
|
6 |
|
| Sanofi SA, (France), Series 20FX, Reg. S, 1.88%, 03/21/2038 |
|
EUR |
800 |
|
|
|
777 |
|
| Upjohn Finance BV, (Netherlands), Reg. S, 1.36%, 06/23/2027 |
|
EUR |
1,000 |
|
|
|
1,066 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pharmaceuticals — continued |
|
|
|
|
|
|
|
|
| Viatris, Inc., |
|
|
|
|
|
|
|
|
| 3.85%, 06/22/2040 |
|
|
2,200 |
|
|
|
1,713 |
|
| 4.00%, 06/22/2050 |
|
|
30 |
|
|
|
21 |
|
| Zoetis, Inc., 4.70%, 02/01/2043 |
|
|
28 |
|
|
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
57,033 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
495,767 |
|
|
|
|
|
|
|
|
|
|
| Energy — 0.9% |
|
|
|
|
|
|
|
|
| Energy - Alternate Sources — 0.0% (g) |
|
|
|
|
|
|
|
|
| ERG SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 09/11/2027 |
|
EUR |
5,000 |
|
|
|
5,167 |
|
| Reg. S, 0.88%, 09/15/2031 |
|
EUR |
200 |
|
|
|
184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,351 |
|
|
|
|
|
|
|
|
|
|
| Oil & Gas — 0.6% |
|
|
|
|
|
|
|
|
| Aker BP ASA, (Norway), |
|
|
|
|
|
|
|
|
| 3.10%, 07/15/2031 (e) |
|
|
1,885 |
|
|
|
1,679 |
|
| 5.13%, 10/01/2034 (e) (w) |
|
|
195 |
|
|
|
193 |
|
| 5.60%, 06/13/2028 (e) |
|
|
795 |
|
|
|
823 |
|
| 6.00%, 06/13/2033 (e) |
|
|
715 |
|
|
|
749 |
|
| BP Capital Markets BV, (Netherlands), Reg. S, 4.32%, 05/12/2035 |
|
EUR |
1,500 |
|
|
|
1,770 |
|
| BP Capital Markets plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.64%, 06/26/2029 |
|
EUR |
1,000 |
|
|
|
1,054 |
|
| Reg. S, 2.27%, 07/03/2026 |
|
GBP |
2,000 |
|
|
|
2,577 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.78%), 3.63%, 03/22/2029 (x) (aa) |
|
EUR |
1,300 |
|
|
|
1,418 |
|
| Reg. S, (UK Gilts 5 Year + 3.89%), 4.25%, 03/22/2027 (x) (aa) |
|
GBP |
4,900 |
|
|
|
6,338 |
|
| Canadian Natural Resources Ltd., (Canada), |
|
|
|
|
|
|
|
|
| 3.85%, 06/01/2027 |
|
|
9 |
|
|
|
9 |
|
| 4.95%, 06/01/2047 |
|
|
20 |
|
|
|
18 |
|
| 6.25%, 03/15/2038 |
|
|
10 |
|
|
|
11 |
|
| 6.50%, 02/15/2037 |
|
|
60 |
|
|
|
65 |
|
| Cepsa Finance SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 2.25%, 02/13/2026 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 4.13%, 04/11/2031 |
|
EUR |
400 |
|
|
|
445 |
|
| Chevron USA, Inc., 2.34%, 08/12/2050 |
|
|
24 |
|
|
|
15 |
|
| CNOOC Petroleum North America ULC, (Canada), 6.40%, 05/15/2037 |
|
|
10 |
|
|
|
12 |
|
| ConocoPhillips Co., |
|
|
|
|
|
|
|
|
| 5.55%, 03/15/2054 |
|
|
10 |
|
|
|
10 |
|
| 5.70%, 09/15/2063 |
|
|
535 |
|
|
|
570 |
|
| Continental Resources, Inc., 4.90%, 06/01/2044 |
|
|
5 |
|
|
|
4 |
|
| Devon Energy Corp., 5.88%, 06/15/2028 |
|
|
217 |
|
|
|
219 |
|
| Diamondback Energy, Inc., |
|
|
|
|
|
|
|
|
| 3.13%, 03/24/2031 |
|
|
2,400 |
|
|
|
2,187 |
|
| 5.15%, 01/30/2030 |
|
|
30 |
|
|
|
31 |
|
| 5.20%, 04/18/2027 |
|
|
30 |
|
|
|
30 |
|
| 5.40%, 04/18/2034 |
|
|
10 |
|
|
|
10 |
|
| 5.75%, 04/18/2054 |
|
|
660 |
|
|
|
665 |
|
| 6.25%, 03/15/2033 |
|
|
300 |
|
|
|
323 |
|
| Eni SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 01/23/2030 |
|
EUR |
500 |
|
|
|
492 |
|
| Reg. S, 1.00%, 10/11/2034 |
|
EUR |
400 |
|
|
|
352 |
|
| Reg. S, 1.50%, 02/02/2026 |
|
EUR |
1,000 |
|
|
|
1,092 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Oil & Gas — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 01/17/2027 |
|
EUR |
2,700 |
|
|
|
2,929 |
|
| Reg. S, 1.63%, 05/17/2028 |
|
EUR |
1,000 |
|
|
|
1,071 |
|
| Reg. S, 2.00%, 05/18/2031 |
|
EUR |
500 |
|
|
|
519 |
|
| EOG Resources, Inc., 4.38%, 04/15/2030 |
|
|
10 |
|
|
|
10 |
|
| EQT Corp., |
|
|
|
|
|
|
|
|
| 5.70%, 04/01/2028 |
|
|
15 |
|
|
|
16 |
|
| 7.00%, 02/01/2030 |
|
|
3 |
|
|
|
3 |
|
| Equinor ASA, (Norway), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 05/22/2032 |
|
EUR |
825 |
|
|
|
820 |
|
| 1.75%, 01/22/2026 |
|
|
200 |
|
|
|
194 |
|
| 2.38%, 05/22/2030 |
|
|
30 |
|
|
|
27 |
|
| 3.25%, 11/18/2049 |
|
|
30 |
|
|
|
23 |
|
| 3.63%, 04/06/2040 |
|
|
1,800 |
|
|
|
1,549 |
|
| 3.70%, 04/06/2050 |
|
|
15 |
|
|
|
12 |
|
| Reg. S, 6.88%, 03/11/2031 |
|
GBP |
150 |
|
|
|
226 |
|
| Exxon Mobil Corp., |
|
|
|
|
|
|
|
|
| 0.84%, 06/26/2032 |
|
EUR |
1,050 |
|
|
|
987 |
|
| 1.41%, 06/26/2039 |
|
EUR |
1,205 |
|
|
|
1,010 |
|
| 3.45%, 04/15/2051 |
|
|
54 |
|
|
|
42 |
|
| Helmerich & Payne, Inc., 2.90%, 09/29/2031 |
|
|
240 |
|
|
|
206 |
|
| Hess Corp., |
|
|
|
|
|
|
|
|
| 5.60%, 02/15/2041 |
|
|
10 |
|
|
|
11 |
|
| 5.80%, 04/01/2047 |
|
|
6 |
|
|
|
6 |
|
| Marathon Oil Corp., |
|
|
|
|
|
|
|
|
| 5.30%, 04/01/2029 |
|
|
60 |
|
|
|
62 |
|
| 5.70%, 04/01/2034 |
|
|
80 |
|
|
|
86 |
|
| Marathon Petroleum Corp., 4.50%, 04/01/2048 |
|
|
15 |
|
|
|
13 |
|
| MOL Hungarian Oil & Gas plc, (Hungary), Reg. S, 1.50%, 10/08/2027 |
|
EUR |
4,300 |
|
|
|
4,492 |
|
| Occidental Petroleum Corp., |
|
|
|
|
|
|
|
|
| 5.20%, 08/01/2029 |
|
|
400 |
|
|
|
407 |
|
| 5.55%, 10/01/2034 |
|
|
545 |
|
|
|
554 |
|
| 6.13%, 01/01/2031 |
|
|
60 |
|
|
|
63 |
|
| 6.63%, 09/01/2030 |
|
|
55 |
|
|
|
59 |
|
| 8.88%, 07/15/2030 |
|
|
70 |
|
|
|
83 |
|
| ORLEN SA, (Poland), Reg. S, 1.13%, 05/27/2028 |
|
EUR |
1,300 |
|
|
|
1,339 |
|
| Ovintiv, Inc., |
|
|
|
|
|
|
|
|
| 5.65%, 05/15/2025 |
|
|
735 |
|
|
|
738 |
|
| 5.65%, 05/15/2028 |
|
|
715 |
|
|
|
737 |
|
| Pioneer Natural Resources Co., 1.90%, 08/15/2030 |
|
|
1,050 |
|
|
|
920 |
|
| Santos Finance Ltd., (Australia), 6.88%, 09/19/2033 (e) |
|
|
460 |
|
|
|
507 |
|
| Shell International Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 08/15/2028 |
|
EUR |
3,000 |
|
|
|
3,105 |
|
| Reg. S, 1.63%, 01/20/2027 |
|
EUR |
3,900 |
|
|
|
4,241 |
|
| Reg. S, 1.88%, 04/07/2032 |
|
EUR |
1,000 |
|
|
|
1,022 |
|
| 6.38%, 12/15/2038 |
|
|
15 |
|
|
|
17 |
|
| TotalEnergies Capital International SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.95%, 05/18/2031 |
|
EUR |
1,000 |
|
|
|
976 |
|
| Reg. S, 1.38%, 10/04/2029 |
|
EUR |
2,000 |
|
|
|
2,091 |
|
| Reg. S, 1.49%, 09/04/2030 |
|
EUR |
1,000 |
|
|
|
1,029 |
|
| Reg. S, 1.54%, 05/31/2039 |
|
EUR |
1,000 |
|
|
|
874 |
|
| TotalEnergies Capital SA, (France), 5.15%, 04/05/2034 |
|
|
1,150 |
|
|
|
1,195 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Oil & Gas — continued |
|
|
|
|
|
|
|
|
| TotalEnergies SE, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 1.90%), 2.00%, 01/17/2027 (x) (aa) |
|
EUR |
2,000 |
|
|
|
2,132 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.94%), 3.25%, 07/17/2036 (x) (aa) |
|
EUR |
500 |
|
|
|
493 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.35%), 3.37%, 10/06/2026 (x) (aa) |
|
EUR |
3,500 |
|
|
|
3,866 |
|
| Series NC7, Reg. S, (EUR Swap Rate 5 Year + 1.99%), 1.63%, 10/25/2027 (x) (aa) |
|
EUR |
1,000 |
|
|
|
1,038 |
|
| Valero Energy Corp., 6.63%, 06/15/2037 |
|
|
65 |
|
|
|
73 |
|
| Var Energi ASA, (Norway), |
|
|
|
|
|
|
|
|
| 5.00%, 05/18/2027 (e) |
|
|
1,600 |
|
|
|
1,606 |
|
| Reg. S, 5.50%, 05/04/2029 |
|
EUR |
4,175 |
|
|
|
5,006 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71,756 |
|
|
|
|
|
|
|
|
|
|
| Oil & Gas Services — 0.0% (g) |
|
|
|
|
|
|
|
|
| Schlumberger Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 10/15/2027 |
|
EUR |
1,500 |
|
|
|
1,554 |
|
| Reg. S, 0.50%, 10/15/2031 |
|
EUR |
500 |
|
|
|
466 |
|
| Schlumberger Finance France SAS, (France), Reg. S, 1.00%, 02/18/2026 |
|
EUR |
500 |
|
|
|
543 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,563 |
|
|
|
|
|
|
|
|
|
|
| Pipelines — 0.3% |
|
|
|
|
|
|
|
|
| Cheniere Corpus Christi Holdings LLC, 3.70%, 11/15/2029 |
|
|
8 |
|
|
|
8 |
|
| Cheniere Energy, Inc., 5.65%, 04/15/2034 (e) |
|
|
110 |
|
|
|
114 |
|
| Colonial Enterprises, Inc., 3.25%, 05/15/2030 (e) |
|
|
1,330 |
|
|
|
1,240 |
|
| Columbia Pipelines Operating Co. LLC, |
|
|
|
|
|
|
|
|
| 5.93%, 08/15/2030 (e) |
|
|
185 |
|
|
|
196 |
|
| 6.04%, 11/15/2033 (e) |
|
|
280 |
|
|
|
298 |
|
| DCP Midstream Operating LP, |
|
|
|
|
|
|
|
|
| 3.25%, 02/15/2032 |
|
|
5 |
|
|
|
4 |
|
| 5.13%, 05/15/2029 |
|
|
1,500 |
|
|
|
1,538 |
|
| 5.38%, 07/15/2025 |
|
|
4 |
|
|
|
4 |
|
| Enbridge, Inc., (Canada), |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 2.97%), 7.20%, 06/27/2054 (aa) |
|
|
50 |
|
|
|
53 |
|
| (CMT Index 5 Year + 3.12%), 7.38%, 03/15/2055 (aa) |
|
|
10 |
|
|
|
10 |
|
| Energy Transfer LP, |
|
|
|
|
|
|
|
|
| 4.20%, 04/15/2027 |
|
|
5,800 |
|
|
|
5,778 |
|
| 5.25%, 04/15/2029 |
|
|
135 |
|
|
|
139 |
|
| 5.40%, 10/01/2047 |
|
|
95 |
|
|
|
90 |
|
| 5.55%, 02/15/2028 |
|
|
1,210 |
|
|
|
1,251 |
|
| 6.05%, 12/01/2026 |
|
|
1,710 |
|
|
|
1,770 |
|
| 6.40%, 12/01/2030 |
|
|
620 |
|
|
|
676 |
|
| 6.55%, 12/01/2033 |
|
|
246 |
|
|
|
272 |
|
| Series H, (CMT Index 5 Year + 5.69%), 6.50%, 11/15/2026 (x) (aa) |
|
|
1,490 |
|
|
|
1,486 |
|
| EnLink Midstream Partners LP, 5.05%, 04/01/2045 |
|
|
35 |
|
|
|
31 |
|
| Enterprise Products Operating LLC, |
|
|
|
|
|
|
|
|
| 4.20%, 01/31/2050 |
|
|
40 |
|
|
|
34 |
|
| 5.10%, 02/15/2045 (jj) |
|
|
1,700 |
|
|
|
1,673 |
|
| (CME Term SOFR 3 Month + 2.83%), 5.38%, 02/15/2078 (aa) |
|
|
600 |
|
|
|
573 |
|
| 5.55%, 02/16/2055 |
|
|
558 |
|
|
|
576 |
|
| Series E, (CME Term SOFR 3 Month + 3.29%), 5.25%, 08/16/2077 (aa) |
|
|
70 |
|
|
|
69 |
|
| Erdoel-Lagergesellschaft mbH, (Austria), Reg. S, 2.75%, 03/20/2028 |
|
EUR |
200 |
|
|
|
222 |
|
| Kinder Morgan Energy Partners LP, 4.70%, 11/01/2042 |
|
|
850 |
|
|
|
757 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pipelines — continued |
|
|
|
|
|
|
|
|
| Kinder Morgan, Inc., |
|
|
|
|
|
|
|
|
| 1.75%, 11/15/2026 |
|
|
40 |
|
|
|
38 |
|
| 2.25%, 03/16/2027 |
|
EUR |
1,500 |
|
|
|
1,638 |
|
| 4.80%, 02/01/2033 |
|
|
100 |
|
|
|
99 |
|
| 5.00%, 02/01/2029 |
|
|
30 |
|
|
|
31 |
|
| 5.95%, 08/01/2054 |
|
|
45 |
|
|
|
47 |
|
| MPLX LP, |
|
|
|
|
|
|
|
|
| 2.65%, 08/15/2030 |
|
|
1,585 |
|
|
|
1,425 |
|
| 4.13%, 03/01/2027 |
|
|
48 |
|
|
|
48 |
|
| 4.50%, 04/15/2038 |
|
|
130 |
|
|
|
120 |
|
| 4.70%, 04/15/2048 |
|
|
1,272 |
|
|
|
1,108 |
|
| 4.90%, 04/15/2058 |
|
|
20 |
|
|
|
18 |
|
| 4.95%, 03/14/2052 |
|
|
865 |
|
|
|
775 |
|
| 5.00%, 03/01/2033 |
|
|
1,470 |
|
|
|
1,470 |
|
| 5.50%, 06/01/2034 |
|
|
40 |
|
|
|
41 |
|
| 5.50%, 02/15/2049 |
|
|
60 |
|
|
|
58 |
|
| ONEOK Partners LP, 6.65%, 10/01/2036 |
|
|
50 |
|
|
|
56 |
|
| ONEOK, Inc., |
|
|
|
|
|
|
|
|
| 2.20%, 09/15/2025 |
|
|
1,010 |
|
|
|
987 |
|
| 3.40%, 09/01/2029 |
|
|
220 |
|
|
|
209 |
|
| 3.95%, 03/01/2050 |
|
|
15 |
|
|
|
12 |
|
| 4.45%, 09/01/2049 |
|
|
2,562 |
|
|
|
2,135 |
|
| 5.00%, 03/01/2026 |
|
|
400 |
|
|
|
402 |
|
| 5.20%, 07/15/2048 |
|
|
14 |
|
|
|
13 |
|
| 5.65%, 11/01/2028 |
|
|
325 |
|
|
|
340 |
|
| 5.85%, 01/15/2026 |
|
|
25 |
|
|
|
25 |
|
| 6.05%, 09/01/2033 |
|
|
1,100 |
|
|
|
1,174 |
|
| 6.10%, 11/15/2032 |
|
|
31 |
|
|
|
33 |
|
| 6.35%, 01/15/2031 |
|
|
40 |
|
|
|
43 |
|
| 7.15%, 01/15/2051 |
|
|
7 |
|
|
|
8 |
|
| Plains All American Pipeline LP / PAA Finance Corp., 3.55%, 12/15/2029 |
|
|
90 |
|
|
|
86 |
|
| South Bow USA Infrastructure Holdings LLC, |
|
|
|
|
|
|
|
|
| 4.91%, 09/01/2027 (e) |
|
|
10 |
|
|
|
10 |
|
| 5.03%, 10/01/2029 (e) |
|
|
10 |
|
|
|
10 |
|
| 5.58%, 10/01/2034 (e) |
|
|
70 |
|
|
|
71 |
|
| Targa Resources Corp., |
|
|
|
|
|
|
|
|
| 4.20%, 02/01/2033 |
|
|
100 |
|
|
|
94 |
|
| 4.95%, 04/15/2052 |
|
|
115 |
|
|
|
103 |
|
| 5.20%, 07/01/2027 |
|
|
965 |
|
|
|
987 |
|
| 5.50%, 02/15/2035 |
|
|
985 |
|
|
|
1,014 |
|
| 6.13%, 03/15/2033 |
|
|
285 |
|
|
|
306 |
|
| 6.15%, 03/01/2029 |
|
|
75 |
|
|
|
80 |
|
| 6.50%, 02/15/2053 |
|
|
300 |
|
|
|
333 |
|
| Targa Resources Partners LP / Targa Resources Partners Finance Corp., |
|
|
|
|
|
|
|
|
| 4.88%, 02/01/2031 |
|
|
75 |
|
|
|
74 |
|
| 5.00%, 01/15/2028 |
|
|
69 |
|
|
|
69 |
|
| Transcontinental Gas Pipe Line Co. LLC, |
|
|
|
|
|
|
|
|
| 3.25%, 05/15/2030 |
|
|
80 |
|
|
|
75 |
|
| 7.85%, 02/01/2026 |
|
|
48 |
|
|
|
49 |
|
| Western Midstream Operating LP, |
|
|
|
|
|
|
|
|
| 4.05%, 02/01/2030 |
|
|
660 |
|
|
|
636 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pipelines — continued |
|
|
|
|
|
|
|
|
| 4.50%, 03/01/2028 |
|
|
1,200 |
|
|
|
1,190 |
|
| 4.65%, 07/01/2026 |
|
|
480 |
|
|
|
480 |
|
| 6.15%, 04/01/2033 |
|
|
20 |
|
|
|
21 |
|
| Williams Cos., Inc. (The), |
|
|
|
|
|
|
|
|
| 3.50%, 11/15/2030 |
|
|
1,900 |
|
|
|
1,795 |
|
| 5.15%, 03/15/2034 |
|
|
2,015 |
|
|
|
2,035 |
|
| 5.30%, 08/15/2028 |
|
|
2,350 |
|
|
|
2,425 |
|
| 5.30%, 08/15/2052 |
|
|
30 |
|
|
|
29 |
|
| 5.80%, 11/15/2043 |
|
|
5 |
|
|
|
5 |
|
| 5.80%, 11/15/2054 |
|
|
400 |
|
|
|
413 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43,605 |
|
|
|
|
|
|
|
|
|
|
| Total Energy |
|
|
|
|
|
|
123,275 |
|
|
|
|
|
|
|
|
|
|
| Financial — 10.8% |
|
|
|
|
|
|
|
|
| Banks — 7.3% |
|
|
|
|
|
|
|
|
| ABN AMRO Bank NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.40%, 09/17/2041 |
|
EUR |
100 |
|
|
|
72 |
|
| Reg. S, 1.25%, 01/10/2033 |
|
EUR |
100 |
|
|
|
99 |
|
| Reg. S, 1.38%, 01/12/2037 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 1.45%, 04/12/2038 |
|
EUR |
100 |
|
|
|
92 |
|
| Reg. S, 4.38%, 10/20/2028 |
|
EUR |
3,500 |
|
|
|
4,084 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.45%), 5.50%, 09/21/2033 (aa) |
|
EUR |
1,100 |
|
|
|
1,298 |
|
| (CMT Index 1 Year + 1.65%), 6.34%, 09/18/2027 (e) (aa) |
|
|
1,100 |
|
|
|
1,139 |
|
| (CMT Index 1 Year + 1.55%), 6.58%, 10/13/2026 (e) (aa) |
|
|
2,100 |
|
|
|
2,138 |
|
| Achmea Bank NV, (Netherlands), Reg. S, 0.50%, 02/20/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| AIB Group plc, (Ireland), Reg. S, (EUR Swap Rate 1 Year + 1.30%), 2.25%, 04/04/2028 (aa) |
|
EUR |
1,000 |
|
|
|
1,092 |
|
| AMCO - Asset Management Co. SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 04/20/2028 |
|
EUR |
163 |
|
|
|
167 |
|
| Reg. S, 4.63%, 02/06/2027 |
|
EUR |
200 |
|
|
|
231 |
|
| ANZ New Zealand Int’l Ltd., (New Zealand), Reg. S, 0.20%, 09/23/2027 |
|
EUR |
6,000 |
|
|
|
6,197 |
|
| Argenta Spaarbank NV, (Belgium), Reg. S, 3.38%, 06/22/2028 |
|
EUR |
100 |
|
|
|
114 |
|
| Arion Banki HF, (Iceland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 10/05/2026 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 0.38%, 07/14/2025 |
|
EUR |
2,950 |
|
|
|
3,207 |
|
| Arkea Public Sector SCF SA, (France), Reg. S, 3.11%, 02/28/2029 |
|
EUR |
100 |
|
|
|
114 |
|
| ASB Bank Ltd., (New Zealand), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 09/08/2028 |
|
EUR |
1,000 |
|
|
|
1,006 |
|
| Reg. S, 0.50%, 09/24/2029 |
|
EUR |
1,000 |
|
|
|
1,003 |
|
| Australia & New Zealand Banking Group Ltd., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 1.12%), 0.67%, 05/05/2031 (aa) |
|
EUR |
2,925 |
|
|
|
3,116 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.15%), 5.10%, 02/03/2033 (aa) |
|
EUR |
1,500 |
|
|
|
1,750 |
|
| Banca Monte dei Paschi di Siena SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 10/08/2026 |
|
EUR |
3,504 |
|
|
|
3,759 |
|
| Reg. S, 3.50%, 04/23/2029 |
|
EUR |
100 |
|
|
|
115 |
|
| Banco Bilbao Vizcaya Argentaria SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.52%), 0.13%, 03/24/2027 (aa) |
|
EUR |
6,700 |
|
|
|
7,170 |
|
| Reg. S, 0.38%, 11/15/2026 |
|
EUR |
1,000 |
|
|
|
1,061 |
|
| Reg. S, 0.50%, 01/14/2027 |
|
EUR |
1,000 |
|
|
|
1,058 |
|
| Reg. S, 1.00%, 06/21/2026 |
|
EUR |
1,000 |
|
|
|
1,080 |
|
| Reg. S, 3.38%, 09/20/2027 |
|
EUR |
6,800 |
|
|
|
7,732 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.50%, 02/10/2027 |
|
EUR |
500 |
|
|
|
564 |
|
| Reg. S, 3.50%, 03/26/2031 |
|
EUR |
900 |
|
|
|
1,027 |
|
| Banco BPI SA, (Portugal), Reg. S, 3.63%, 07/04/2028 |
|
EUR |
1,600 |
|
|
|
1,841 |
|
| Banco BPM SpA, (Italy), Reg. S, 3.38%, 01/24/2030 |
|
EUR |
100 |
|
|
|
114 |
|
| Banco de Sabadell SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 1 Year + 1.55%), 1.13%, 03/11/2027 (aa) |
|
EUR |
2,900 |
|
|
|
3,149 |
|
| Reg. S, 1.75%, 05/30/2029 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 3.25%, 06/05/2034 |
|
EUR |
100 |
|
|
|
115 |
|
| Banco di Desio e della Brianza SpA, (Italy), Reg. S, 4.00%, 03/13/2028 |
|
EUR |
1,700 |
|
|
|
1,962 |
|
| Banco Santander SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.10%, 02/27/2032 |
|
EUR |
200 |
|
|
|
183 |
|
| Reg. S, 0.20%, 02/11/2028 |
|
EUR |
5,900 |
|
|
|
6,011 |
|
| Reg. S, 1.13%, 10/25/2028 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 1.63%, 10/22/2030 |
|
EUR |
800 |
|
|
|
799 |
|
| Reg. S, 2.38%, 09/08/2027 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 5.13%, 01/25/2030 |
|
GBP |
1,000 |
|
|
|
1,352 |
|
| 5.29%, 08/18/2027 |
|
|
200 |
|
|
|
204 |
|
| 5.44%, 07/15/2031 |
|
|
4,200 |
|
|
|
4,388 |
|
| (CMT Index 1 Year + 1.45%), 5.54%, 03/14/2030 (aa) |
|
|
5,015 |
|
|
|
5,183 |
|
| Series DIP, Reg. S, 3.25%, 04/04/2026 |
|
EUR |
10,000 |
|
|
|
11,159 |
|
| Banco Santander Totta SA, (Portugal), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 09/26/2027 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 3.38%, 04/19/2028 |
|
EUR |
1,800 |
|
|
|
2,051 |
|
| Bank of America Corp., |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.89%), 1.66%, 04/25/2028 (aa) |
|
EUR |
2,340 |
|
|
|
2,528 |
|
| Reg. S, (UK Gilts 1 Year + 1.10%), 1.67%, 06/02/2029 (aa) |
|
GBP |
2,000 |
|
|
|
2,397 |
|
| (United States SOFR + 0.96%), 1.73%, 07/22/2027 (aa) |
|
|
1,423 |
|
|
|
1,358 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.91%), 1.95%, 10/27/2026 (aa) |
|
EUR |
2,000 |
|
|
|
2,200 |
|
| (United States SOFR + 1.06%), 2.09%, 06/14/2029 (aa) |
|
|
1,500 |
|
|
|
1,384 |
|
| (United States SOFR + 1.22%), 2.30%, 07/21/2032 (aa) |
|
|
1,000 |
|
|
|
865 |
|
| (CME Term SOFR 3 Month + 1.25%), 2.50%, 02/13/2031 (aa) |
|
|
3,300 |
|
|
|
2,986 |
|
| (United States SOFR + 1.05%), 2.55%, 02/04/2028 (aa) |
|
|
5 |
|
|
|
5 |
|
| (United States SOFR + 1.21%), 2.57%, 10/20/2032 (aa) |
|
|
2,605 |
|
|
|
2,282 |
|
| (United States SOFR + 1.93%), 2.68%, 06/19/2041 (aa) |
|
|
1,720 |
|
|
|
1,291 |
|
| (United States SOFR + 1.32%), 2.69%, 04/22/2032 (aa) |
|
|
2,150 |
|
|
|
1,916 |
|
| (CME Term SOFR 3 Month + 1.45%), 2.88%, 10/22/2030 (aa) |
|
|
5 |
|
|
|
5 |
|
| (United States SOFR + 1.33%), 2.97%, 02/04/2033 (aa) |
|
|
140 |
|
|
|
125 |
|
| (United States SOFR + 1.58%), 3.31%, 04/22/2042 (aa) |
|
|
10 |
|
|
|
8 |
|
| (CME Term SOFR 3 Month + 1.30%), 3.42%, 12/20/2028 (aa) |
|
|
350 |
|
|
|
340 |
|
| Reg. S, (UK Gilts 1 Year + 1.75%), 3.58%, 04/27/2031 (aa) |
|
GBP |
1,500 |
|
|
|
1,884 |
|
| (CME Term SOFR 3 Month + 1.63%), 3.59%, 07/21/2028 (aa) |
|
|
660 |
|
|
|
648 |
|
| (CMT Index 5 Year + 2.00%), 3.85%, 03/08/2037 (aa) |
|
|
132 |
|
|
|
122 |
|
| (CME Term SOFR 3 Month + 1.33%), 3.97%, 03/05/2029 (aa) |
|
|
120 |
|
|
|
118 |
|
| (CME Term SOFR 3 Month + 1.58%), 4.08%, 04/23/2040 (aa) |
|
|
10 |
|
|
|
9 |
|
| (CME Term SOFR 3 Month + 3.41%), 4.08%, 03/20/2051 (aa) |
|
|
10 |
|
|
|
9 |
|
| (United States SOFR + 1.58%), 4.38%, 04/27/2028 (aa) |
|
|
150 |
|
|
|
150 |
|
| (United States SOFR + 2.04%), 4.95%, 07/22/2028 (aa) |
|
|
1,012 |
|
|
|
1,030 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.63%), 5.20%, 04/25/2029 (aa) |
|
|
30 |
|
|
|
31 |
|
| (United States SOFR + 1.91%), 5.29%, 04/25/2034 (aa) |
|
|
1,016 |
|
|
|
1,054 |
|
| Reg. S, 7.00%, 07/31/2028 |
|
GBP |
650 |
|
|
|
938 |
|
| Series N, (United States SOFR + 1.22%), 2.65%, 03/11/2032 (aa) |
|
|
1,305 |
|
|
|
1,164 |
|
| Series N, (United States SOFR + 1.65%), 3.48%, 03/13/2052 (aa) |
|
|
90 |
|
|
|
71 |
|
| Bank of Montreal, (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 01/26/2027 |
|
EUR |
1,800 |
|
|
|
1,897 |
|
| Reg. S, 1.00%, 04/05/2026 |
|
EUR |
100 |
|
|
|
109 |
|
| 3.70%, 06/07/2025 |
|
|
40 |
|
|
|
40 |
|
| 5.30%, 06/05/2026 |
|
|
10 |
|
|
|
10 |
|
| 5.72%, 09/25/2028 |
|
|
30 |
|
|
|
31 |
|
| 5.92%, 09/25/2025 |
|
|
20 |
|
|
|
20 |
|
| Bank of New York Mellon Corp. (The), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.35%), 4.41%, 07/24/2026 (aa) |
|
|
13 |
|
|
|
13 |
|
| (United States SOFR + 1.17%), 4.54%, 02/01/2029 (aa) |
|
|
16 |
|
|
|
16 |
|
| (United States SOFR + 1.51%), 4.71%, 02/01/2034 (aa) |
|
|
10 |
|
|
|
10 |
|
| (SOFR Compounded Index + 1.80%), 5.80%, 10/25/2028 (aa) |
|
|
9 |
|
|
|
10 |
|
| (United States SOFR + 1.60%), 6.32%, 10/25/2029 (aa) |
|
|
2 |
|
|
|
2 |
|
| Bank of New Zealand, (New Zealand), |
|
|
|
|
|
|
|
|
| Reg. S, 2.55%, 06/29/2027 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 3.71%, 12/20/2028 |
|
EUR |
1,150 |
|
|
|
1,330 |
|
| Bank of Nova Scotia (The), (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 01/14/2027 |
|
EUR |
1,900 |
|
|
|
1,998 |
|
| Reg. S, 0.38%, 03/26/2030 |
|
EUR |
100 |
|
|
|
98 |
|
| 1.05%, 03/02/2026 |
|
|
20 |
|
|
|
19 |
|
| 3.45%, 04/11/2025 |
|
|
45 |
|
|
|
45 |
|
| Bank of Queensland Ltd., (Australia), Reg. S, 1.84%, 06/09/2027 |
|
EUR |
7,600 |
|
|
|
8,298 |
|
| Bankinter SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 07/08/2026 |
|
EUR |
3,000 |
|
|
|
3,227 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.45%), 1.25%, 12/23/2032 (aa) |
|
EUR |
1,900 |
|
|
|
1,981 |
|
| Banque Federative du Credit Mutuel SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 05/11/2026 |
|
EUR |
1,000 |
|
|
|
1,064 |
|
| Reg. S, 0.63%, 11/03/2028 |
|
EUR |
1,000 |
|
|
|
1,007 |
|
| Reg. S, 0.75%, 06/08/2026 |
|
EUR |
1,000 |
|
|
|
1,076 |
|
| Reg. S, 0.75%, 01/17/2030 |
|
EUR |
1,000 |
|
|
|
981 |
|
| Reg. S, 1.13%, 11/19/2031 |
|
EUR |
600 |
|
|
|
555 |
|
| Reg. S, 1.25%, 05/26/2027 |
|
EUR |
1,000 |
|
|
|
1,071 |
|
| Reg. S, 1.25%, 06/03/2030 |
|
EUR |
1,000 |
|
|
|
990 |
|
| Reg. S, 1.38%, 07/16/2028 |
|
EUR |
3,000 |
|
|
|
3,166 |
|
| Reg. S, 1.88%, 11/04/2026 |
|
EUR |
1,200 |
|
|
|
1,305 |
|
| Reg. S, 1.88%, 06/18/2029 |
|
EUR |
1,000 |
|
|
|
1,037 |
|
| Reg. S, 2.50%, 05/25/2028 |
|
EUR |
1,500 |
|
|
|
1,625 |
|
| Reg. S, 2.63%, 11/06/2029 |
|
EUR |
500 |
|
|
|
540 |
|
| Reg. S, 3.13%, 09/14/2027 |
|
EUR |
3,400 |
|
|
|
3,813 |
|
| Reg. S, 3.63%, 09/14/2032 |
|
EUR |
3,000 |
|
|
|
3,440 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.20%), 3.88%, 06/16/2032 (aa) |
|
EUR |
3,400 |
|
|
|
3,798 |
|
| 4.94%, 01/26/2026 (e) |
|
|
2,000 |
|
|
|
2,015 |
|
| Reg. S, 5.00%, 10/22/2029 |
|
GBP |
6,600 |
|
|
|
8,887 |
|
| 5.90%, 07/13/2026 (e) |
|
|
2,800 |
|
|
|
2,877 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Barclays Bank plc, (United Kingdom), Reg. S, 5.75%, 09/14/2026 |
|
GBP |
90 |
|
|
|
122 |
|
| Barclays plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 0.85%), 0.88%, 01/28/2028 (aa) |
|
EUR |
2,000 |
|
|
|
2,124 |
|
| Reg. S, 3.00%, 05/08/2026 |
|
GBP |
100 |
|
|
|
130 |
|
| Reg. S, 3.25%, 02/12/2027 |
|
GBP |
1,200 |
|
|
|
1,544 |
|
| Reg. S, (UK Gilts 5 Year + 3.75%), 3.75%, 11/22/2030 (aa) |
|
GBP |
825 |
|
|
|
1,078 |
|
| (United States SOFR + 1.49%), 5.67%, 03/12/2028 (aa) |
|
|
1,320 |
|
|
|
1,356 |
|
| (United States SOFR + 2.42%), 6.04%, 03/12/2055 (aa) |
|
|
210 |
|
|
|
229 |
|
| (United States SOFR + 1.88%), 6.50%, 09/13/2027 (aa) |
|
|
1,120 |
|
|
|
1,160 |
|
| Basellandschaftliche Kantonalbank, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 01/25/2027 |
|
CHF |
900 |
|
|
|
1,049 |
|
| Reg. S, 0.38%, 05/13/2030 |
|
CHF |
100 |
|
|
|
115 |
|
| Bausparkasse Schwaebisch Hall AG, (Germany), Reg. S, 2.00%, 05/17/2034 |
|
EUR |
100 |
|
|
|
104 |
|
| BAWAG PSK Bank fuer Arbeit und Wirtschaft und Oesterreichische Postsparkasse AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.10%, 05/12/2031 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 2.00%, 08/25/2032 |
|
EUR |
100 |
|
|
|
105 |
|
| Bayerische Landesbank, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 04/30/2031 |
|
EUR |
50 |
|
|
|
47 |
|
| Reg. S, 0.13%, 02/10/2028 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 0.13%, 11/02/2029 |
|
EUR |
50 |
|
|
|
50 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.40%), 1.38%, 11/22/2032 (aa) |
|
EUR |
100 |
|
|
|
102 |
|
| Reg. S, 2.13%, 09/01/2031 |
|
EUR |
50 |
|
|
|
54 |
|
| Reg. S, 3.75%, 02/07/2029 |
|
EUR |
200 |
|
|
|
230 |
|
| Reg. S, 4.25%, 06/21/2027 |
|
EUR |
400 |
|
|
|
461 |
|
| Belfius Bank SA, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 08/28/2026 |
|
EUR |
200 |
|
|
|
211 |
|
| Reg. S, 0.13%, 09/14/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 0.13%, 02/08/2028 |
|
EUR |
600 |
|
|
|
611 |
|
| Reg. S, 3.25%, 10/18/2027 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, 4.13%, 09/12/2029 |
|
EUR |
100 |
|
|
|
117 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.20%), 4.88%, 06/11/2035 (aa) |
|
EUR |
500 |
|
|
|
578 |
|
| Berlin Hyp AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 08/24/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 0.01%, 07/07/2028 |
|
EUR |
100 |
|
|
|
102 |
|
| Reg. S, 1.75%, 05/10/2032 |
|
EUR |
50 |
|
|
|
53 |
|
| Reg. S, 3.00%, 01/10/2033 |
|
EUR |
50 |
|
|
|
57 |
|
| BNP Paribas SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.73%), 0.50%, 02/19/2028 (aa) |
|
EUR |
1,000 |
|
|
|
1,047 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.83%), 0.50%, 01/19/2030 (aa) |
|
EUR |
3,500 |
|
|
|
3,455 |
|
| Reg. S, 0.63%, 12/03/2032 |
|
EUR |
1,400 |
|
|
|
1,257 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.83%), 0.88%, 07/11/2030 (aa) |
|
EUR |
2,500 |
|
|
|
2,477 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.17%), 0.88%, 08/31/2033 (aa) |
|
EUR |
1,000 |
|
|
|
997 |
|
| Reg. S, 1.13%, 06/11/2026 |
|
EUR |
1,000 |
|
|
|
1,080 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.20%), 1.13%, 01/15/2032 (aa) |
|
EUR |
1,500 |
|
|
|
1,574 |
|
| Reg. S, 1.38%, 05/28/2029 |
|
EUR |
200 |
|
|
|
205 |
|
| Reg. S, 1.50%, 05/23/2028 |
|
EUR |
500 |
|
|
|
528 |
|
| Reg. S, 1.50%, 05/25/2028 |
|
EUR |
1,500 |
|
|
|
1,599 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.91%), 1.68%, 06/30/2027 (e) (aa) |
|
|
1,250 |
|
|
|
1,191 |
|
| Reg. S, 1.88%, 12/14/2027 |
|
GBP |
2,000 |
|
|
|
2,438 |
|
| Reg. S, 2.10%, 04/07/2032 |
|
EUR |
1,500 |
|
|
|
1,520 |
|
| Reg. S, 2.25%, 01/11/2027 |
|
EUR |
500 |
|
|
|
547 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.60%), 2.50%, 03/31/2032 (aa) |
|
EUR |
2,700 |
|
|
|
2,915 |
|
| Reg. S, 2.88%, 02/24/2029 |
|
GBP |
2,000 |
|
|
|
2,458 |
|
| Reg. S, 3.38%, 01/23/2026 |
|
GBP |
600 |
|
|
|
786 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.95%), 4.13%, 09/26/2032 (aa) |
|
EUR |
2,600 |
|
|
|
3,066 |
|
| (United States SOFR + 1.52%), 5.18%, 01/09/2030 (e) (aa) |
|
|
925 |
|
|
|
949 |
|
| Reg. S, 5.75%, 06/13/2032 |
|
GBP |
1,500 |
|
|
|
2,071 |
|
| BPCE SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 01/15/2026 |
|
EUR |
6,200 |
|
|
|
6,671 |
|
| Reg. S, 0.25%, 01/14/2031 |
|
EUR |
1,900 |
|
|
|
1,779 |
|
| Reg. S, 1.00%, 12/22/2025 |
|
GBP |
2,000 |
|
|
|
2,553 |
|
| Reg. S, 1.00%, 10/05/2028 |
|
EUR |
500 |
|
|
|
519 |
|
| Reg. S, 3.50%, 01/25/2028 |
|
EUR |
10,000 |
|
|
|
11,346 |
|
| Reg. S, 4.00%, 11/29/2032 |
|
EUR |
4,300 |
|
|
|
5,034 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.65%)5.75%, 06/01/2033 (aa) |
|
EUR |
2,900 |
|
|
|
3,449 |
|
| (United States SOFR + 1.85%), 5.94%, 05/30/2035 (e) (aa) |
|
|
1,395 |
|
|
|
1,459 |
|
| (United States SOFR + 2.10%), 5.98%, 01/18/2027 (e) (aa) |
|
|
1,700 |
|
|
|
1,725 |
|
| (United States SOFR + 2.27%), 6.71%, 10/19/2029 (e) (aa) |
|
|
475 |
|
|
|
507 |
|
| Caixa Geral de Depositos SA, (Portugal), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 1 Year + 0.70%), 0.38%, 09/21/2027 (aa) |
|
EUR |
500 |
|
|
|
528 |
|
| Reg. S, (EUR Swap Rate 1 Year + 2.75%), 5.75%, 10/31/2028 (aa) |
|
EUR |
100 |
|
|
|
120 |
|
| CaixaBank SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.90%), 0.50%, 02/09/2029 (aa) |
|
EUR |
1,500 |
|
|
|
1,531 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.00%), 0.75%, 05/26/2028 (aa) |
|
EUR |
2,100 |
|
|
|
2,210 |
|
| Reg. S, 1.00%, 09/25/2025 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 1.25%, 01/11/2027 |
|
EUR |
200 |
|
|
|
216 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.63%), 1.25%, 06/18/2031 (aa) |
|
EUR |
500 |
|
|
|
537 |
|
| Reg. S, 1.38%, 06/19/2026 |
|
EUR |
2,300 |
|
|
|
2,498 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.30%), 3.63%, 09/19/2032 (aa) |
|
EUR |
10,300 |
|
|
|
11,542 |
|
| Reg. S, 3.75%, 09/07/2029 |
|
EUR |
500 |
|
|
|
579 |
|
| (United States SOFR + 2.08%), 6.68%, 09/13/2027 (e) (aa) |
|
|
1,750 |
|
|
|
1,820 |
|
| Caja Rural de Navarra SCC, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 02/16/2029 |
|
EUR |
2,000 |
|
|
|
2,048 |
|
| Reg. S, 3.00%, 04/26/2027 |
|
EUR |
100 |
|
|
|
112 |
|
| Cajamar Caja Rural SCC, (Spain), Reg. S, 3.38%, 07/25/2029 |
|
EUR |
3,500 |
|
|
|
3,993 |
|
| Canadian Imperial Bank of Commerce, (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 04/30/2029 |
|
EUR |
4,000 |
|
|
|
3,959 |
|
| 5.26%, 04/08/2029 |
|
|
10 |
|
|
|
11 |
|
| Cie de Financement Foncier SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 04/09/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 0.60%, 10/25/2041 |
|
EUR |
100 |
|
|
|
75 |
|
| Reg. S, 0.75%, 05/29/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 2.38%, 03/15/2030 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 3.13%, 04/24/2027 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.38%, 09/16/2031 |
|
EUR |
100 |
|
|
|
116 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 04/25/2055 |
|
EUR |
20 |
|
|
|
25 |
|
| Citibank NA, 4.93%, 08/06/2026 |
|
|
2,550 |
|
|
|
2,588 |
|
| Citigroup, Inc., |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.77%), 1.46%, 06/09/2027 (aa) |
|
|
3,100 |
|
|
|
2,951 |
|
| (United States SOFR + 1.17%), 2.56%, 05/01/2032 (aa) |
|
|
1,275 |
|
|
|
1,118 |
|
| (United States SOFR + 2.11%), 2.57%, 06/03/2031 (aa) |
|
|
3,621 |
|
|
|
3,253 |
|
| (United States SOFR + 1.38%), 2.90%, 11/03/2042 (aa) |
|
|
5 |
|
|
|
4 |
|
| (United States SOFR + 1.35%), 3.06%, 01/25/2033 (aa) |
|
|
445 |
|
|
|
397 |
|
| (United States SOFR + 2.84%), 3.11%, 04/08/2026 (aa) |
|
|
135 |
|
|
|
134 |
|
| (United States SOFR + 1.94%), 3.79%, 03/17/2033 (aa) |
|
|
10 |
|
|
|
9 |
|
| (CME Term SOFR 3 Month + 2.10%), 4.28%, 04/24/2048 (aa) |
|
|
20 |
|
|
|
18 |
|
| 4.40%, 06/10/2025 |
|
|
3,500 |
|
|
|
3,487 |
|
| (United States SOFR + 3.91%), 4.41%, 03/31/2031 (aa) |
|
|
98 |
|
|
|
97 |
|
| (United States SOFR + 1.36%), 5.17%, 02/13/2030 (aa) |
|
|
1,485 |
|
|
|
1,524 |
|
| 5.30%, 05/06/2044 |
|
|
5 |
|
|
|
5 |
|
| (United States SOFR + 4.55%), 5.32%, 03/26/2041 (aa) |
|
|
10 |
|
|
|
10 |
|
| (United States SOFR + 1.45%), 5.45%, 06/11/2035 (aa) |
|
|
900 |
|
|
|
938 |
|
| (United States SOFR + 2.06%), 5.83%, 02/13/2035 (aa) |
|
|
1,940 |
|
|
|
2,024 |
|
| (United States SOFR + 2.66%), 6.17%, 05/25/2034 (aa) |
|
|
40 |
|
|
|
43 |
|
| Citizens Financial Group, Inc., (United States SOFR + 1.91%), 5.72%, 07/23/2032 (aa) |
|
|
30 |
|
|
|
31 |
|
| Clydesdale Bank plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.50%, 06/22/2027 |
|
EUR |
5,000 |
|
|
|
5,541 |
|
| Reg. S, 3.75%, 08/22/2028 |
|
EUR |
1,800 |
|
|
|
2,082 |
|
| Comerica, Inc., (United States SOFR + 2.16%), 5.98%, 01/30/2030 (aa) |
|
|
708 |
|
|
|
729 |
|
| Commerzbank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 03/11/2030 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 1.00%, 03/04/2026 |
|
EUR |
1,500 |
|
|
|
1,631 |
|
| Reg. S, 1.13%, 06/22/2026 |
|
EUR |
1,100 |
|
|
|
1,191 |
|
| Reg. S, 2.63%, 09/03/2029 |
|
EUR |
25 |
|
|
|
28 |
|
| Reg. S, 2.88%, 04/28/2026 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.50%), 3.00%, 09/14/2027 (aa) |
|
EUR |
3,100 |
|
|
|
3,449 |
|
| Reg. S, 3.13%, 04/20/2029 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.10%), 4.63%, 01/17/2031 (aa) |
|
EUR |
2,300 |
|
|
|
2,698 |
|
| Commonwealth Bank of Australia, (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 02/28/2028 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 1.13%, 01/18/2028 |
|
EUR |
1,000 |
|
|
|
1,063 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.45%), 1.94%, 10/03/2029 (aa) |
|
EUR |
1,825 |
|
|
|
2,032 |
|
| Reg. S, 3.25%, 10/24/2025 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 3.77%, 08/31/2027 |
|
EUR |
100 |
|
|
|
115 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.35%), 4.27%, 06/04/2034 (aa) |
|
EUR |
5,300 |
|
|
|
6,049 |
|
| Cooperatieve Rabobank UA, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 11/27/2040 |
|
EUR |
100 |
|
|
|
69 |
|
| Reg. S, 0.13%, 12/01/2031 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 0.75%, 03/02/2032 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 0.88%, 02/08/2028 |
|
EUR |
200 |
|
|
|
212 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.18%), 0.88%, 05/05/2028 (aa) |
|
EUR |
700 |
|
|
|
741 |
|
| Reg. S, 0.88%, 02/01/2029 |
|
EUR |
100 |
|
|
|
104 |
|
| Reg. S, 1.25%, 03/23/2026 |
|
EUR |
1,475 |
|
|
|
1,608 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 02/03/2027 |
|
EUR |
25 |
|
|
|
27 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.95%), 3.88%, 11/30/2032 (aa) |
|
EUR |
2,100 |
|
|
|
2,369 |
|
| 4.38%, 08/04/2025 |
|
|
250 |
|
|
|
249 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.55%), 4.63%, 01/27/2028 (aa) |
|
EUR |
5,700 |
|
|
|
6,585 |
|
| Reg. S, 5.25%, 05/23/2041 |
|
GBP |
50 |
|
|
|
69 |
|
| Credit Agricole Italia SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 03/15/2033 |
|
EUR |
100 |
|
|
|
89 |
|
| Reg. S, 3.50%, 01/15/2030 |
|
EUR |
100 |
|
|
|
115 |
|
| Reg. S, 3.50%, 03/11/2036 |
|
EUR |
100 |
|
|
|
116 |
|
| Series 15Y, Reg. S, 1.00%, 09/30/2031 |
|
EUR |
2,100 |
|
|
|
2,069 |
|
| Credit Agricole SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 10/21/2025 |
|
EUR |
7,000 |
|
|
|
7,582 |
|
| Reg. S, 1.75%, 03/05/2029 |
|
EUR |
1,100 |
|
|
|
1,154 |
|
| Reg. S, (UK Gilts 5 Year + 1.50%), 1.87%, 12/09/2031 (aa) |
|
GBP |
600 |
|
|
|
744 |
|
| Reg. S, 1.88%, 12/20/2026 |
|
EUR |
1,000 |
|
|
|
1,090 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.77%), 1.88%, 04/22/2027 (aa) |
|
EUR |
1,000 |
|
|
|
1,095 |
|
| Reg. S, 3.50%, 09/26/2034 |
|
EUR |
3,800 |
|
|
|
4,209 |
|
| Reg. S, 3.75%, 01/22/2034 |
|
EUR |
3,300 |
|
|
|
3,806 |
|
| Reg. S, 4.00%, 01/18/2033 |
|
EUR |
2,500 |
|
|
|
2,944 |
|
| Reg. S, (UK Gilts 1 Year + 2.60%), 5.75%, 11/29/2027 (aa) |
|
GBP |
3,000 |
|
|
|
4,066 |
|
| (United States SOFR + 1.86%), 6.32%, 10/03/2029 (e) (aa) |
|
|
1,000 |
|
|
|
1,063 |
|
| Reg. S, (UK Gilts 1 Year + 2.18%), 6.38%, 06/14/2031 (aa) |
|
GBP |
4,300 |
|
|
|
6,088 |
|
| Credit Mutuel Arkea SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 06/01/2026 |
|
EUR |
500 |
|
|
|
558 |
|
| Reg. S, 3.38%, 09/19/2027 |
|
EUR |
3,000 |
|
|
|
3,387 |
|
| Reg. S, 4.25%, 12/01/2032 |
|
EUR |
3,600 |
|
|
|
4,245 |
|
| Credito Emiliano SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.05%), 1.13%, 01/19/2028 (aa) |
|
EUR |
2,000 |
|
|
|
2,136 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.60%), 4.88%, 03/26/2030 (aa) |
|
EUR |
3,900 |
|
|
|
4,646 |
|
| Crelan SA, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 5.75%, 01/26/2028 |
|
EUR |
900 |
|
|
|
1,079 |
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 2.85%), 6.00%, 02/28/2030 (aa) |
|
EUR |
2,000 |
|
|
|
2,442 |
|
| Danske Bank A/S, (Denmark), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 0.88%), 0.75%, 06/09/2029 (aa) |
|
EUR |
1,100 |
|
|
|
1,125 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.40%), 1.00%, 05/15/2031 (aa) |
|
EUR |
1,000 |
|
|
|
1,075 |
|
| Reg. S, (EUR Swap Rate 1 Year + 0.85%), 1.38%, 02/17/2027 (aa) |
|
EUR |
1,000 |
|
|
|
1,087 |
|
| Reg. S, (UK Gilts 1 Year + 1.65%), 2.25%, 01/14/2028 (aa) |
|
GBP |
5,000 |
|
|
|
6,291 |
|
| Reg. S, 3.13%, 06/06/2031 |
|
EUR |
100 |
|
|
|
115 |
|
| (CMT Index 5 Year + 1.10%), 4.61%, 10/02/2030 (e) (w) (aa) |
|
|
1,010 |
|
|
|
1,008 |
|
| (CMT Index 1 Year + 0.95%), 5.43%, 03/01/2028 (e) (aa) |
|
|
1,090 |
|
|
|
1,117 |
|
| (CMT Index 1 Year + 1.18%), 6.26%, 09/22/2026 (e) (aa) |
|
|
1,480 |
|
|
|
1,503 |
|
| (CMT Index 1 Year + 2.10%), 6.47%, 01/09/2026 (e) (aa) |
|
|
1,175 |
|
|
|
1,179 |
|
| Danske Hypotek AB, (Sweden), |
|
|
|
|
|
|
|
|
| Series 2512, Reg. S, 1.00%, 12/17/2025 |
|
SEK |
2,000 |
|
|
|
194 |
|
| Series 2812, Reg. S, 3.50%, 12/20/2028 |
|
SEK |
2,000 |
|
|
|
206 |
|
| Danske Mortgage Bank plc, (Finland), Reg. S, 0.01%, 11/24/2026 |
|
EUR |
100 |
|
|
|
106 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| de Volksbank NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 03/03/2028 |
|
EUR |
2,500 |
|
|
|
2,523 |
|
| Reg. S, 1.00%, 03/08/2028 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.10%), 1.75%, 10/22/2030 (aa) |
|
EUR |
200 |
|
|
|
218 |
|
| Reg. S, 4.63%, 11/23/2027 |
|
EUR |
300 |
|
|
|
346 |
|
| Reg. S, 4.88%, 03/07/2030 |
|
EUR |
300 |
|
|
|
357 |
|
| Deutsche Apotheker-und Aerztebank eG, (Germany), Reg. S, 0.01%, 02/06/2029 |
|
EUR |
100 |
|
|
|
100 |
|
| Deutsche Bank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 01/21/2030 |
|
EUR |
75 |
|
|
|
74 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.05%), 1.75%, 11/19/2030 (aa) |
|
EUR |
2,500 |
|
|
|
2,542 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.38%), 1.88%, 02/23/2028 (aa) |
|
EUR |
2,900 |
|
|
|
3,126 |
|
| (United States SOFR + 1.87%), 2.13%, 11/24/2026 (aa) |
|
|
2,950 |
|
|
|
2,856 |
|
| Reg. S, 2.25%, 09/20/2027 |
|
EUR |
100 |
|
|
|
111 |
|
| (United States SOFR + 1.22%), 2.31%, 11/16/2027 (aa) |
|
|
200 |
|
|
|
190 |
|
| (United States SOFR + 1.32%), 2.55%, 01/07/2028 (aa) |
|
|
200 |
|
|
|
191 |
|
| Reg. S, 3.13%, 10/19/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| (United States SOFR + 2.76%), 3.73%, 01/14/2032 (aa) |
|
|
2,160 |
|
|
|
1,937 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.95%), 5.00%, 09/05/2030 (aa) |
|
EUR |
600 |
|
|
|
709 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.50%), 5.38%, 01/11/2029 (aa) |
|
EUR |
1,300 |
|
|
|
1,539 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.00%), 5.63%, 05/19/2031 (aa) |
|
EUR |
2,500 |
|
|
|
2,847 |
|
| Deutsche Kreditbank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 05/05/2032 |
|
EUR |
50 |
|
|
|
52 |
|
| Reg. S, 2.88%, 03/21/2036 |
|
EUR |
50 |
|
|
|
56 |
|
| Reg. S, 3.00%, 07/02/2030 |
|
EUR |
100 |
|
|
|
114 |
|
| Deutsche Pfandbriefbank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 08/30/2027 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 1.00%, 04/13/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| DNB Bank ASA, (Norway), Reg. S, (EUR Swap Rate 5 Year + 2.00%), 4.63%, 02/28/2033 (aa) |
|
EUR |
3,425 |
|
|
|
3,945 |
|
| DNB Boligkreditt A/S, (Norway), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 05/12/2028 |
|
EUR |
5,000 |
|
|
|
5,102 |
|
| Reg. S, 0.01%, 01/21/2031 |
|
EUR |
100 |
|
|
|
95 |
|
| Reg. S, 2.88%, 03/12/2029 |
|
EUR |
100 |
|
|
|
113 |
|
| DZ HYP AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 06/23/2028 |
|
EUR |
100 |
|
|
|
102 |
|
| Reg. S, 0.01%, 10/27/2028 |
|
EUR |
25 |
|
|
|
25 |
|
| Reg. S, 0.38%, 03/31/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 0.88%, 04/17/2034 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 3.00%, 10/29/2027 |
|
EUR |
50 |
|
|
|
57 |
|
| Reg. S, 3.00%, 11/30/2032 |
|
EUR |
100 |
|
|
|
114 |
|
| Eika Boligkreditt A/S, (Norway), Reg. S, 0.01%, 03/12/2027 |
|
EUR |
100 |
|
|
|
105 |
|
| Equitable Bank, (Canada), Reg. S, 3.50%, 05/28/2027 |
|
EUR |
100 |
|
|
|
114 |
|
| Erste Group Bank AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/11/2029 |
|
EUR |
100 |
|
|
|
98 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.52%), 0.10%, 11/16/2028 (aa) |
|
EUR |
1,000 |
|
|
|
1,026 |
|
| Reg. S, 0.13%, 05/17/2028 |
|
EUR |
1,000 |
|
|
|
1,024 |
|
| Reg. S, 0.50%, 01/12/2037 |
|
EUR |
100 |
|
|
|
83 |
|
| Reg. S, 0.88%, 05/22/2026 |
|
EUR |
1,000 |
|
|
|
1,077 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.10%), 0.88%, 11/15/2032 (aa) |
|
EUR |
4,500 |
|
|
|
4,614 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 04/07/2026 |
|
EUR |
1,000 |
|
|
|
1,093 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.10%), 1.63%, 09/08/2031 (aa) |
|
EUR |
1,000 |
|
|
|
1,073 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.25%), 4.00%, 01/16/2031 (aa) |
|
EUR |
1,500 |
|
|
|
1,750 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.25%), 4.25%, 05/30/2030 (aa) |
|
EUR |
2,200 |
|
|
|
2,579 |
|
| Eurocaja Rural SCC, (Spain), Reg. S, 0.13%, 09/22/2031 |
|
EUR |
2,300 |
|
|
|
2,135 |
|
| Federation des Caisses Desjardins du Quebec, (Canada), Reg. S, 0.01%, 04/08/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Fifth Third Bancorp, |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.49%), 4.90%, 09/06/2030 (aa) |
|
|
120 |
|
|
|
122 |
|
| (United States SOFR + 1.84%), 5.63%, 01/29/2032 (aa) |
|
|
5 |
|
|
|
5 |
|
| (United States SOFR + 2.34%), 6.34%, 07/27/2029 (aa) |
|
|
1,415 |
|
|
|
1,503 |
|
| First Abu Dhabi Bank PJSC, (United Arab Emirates), Reg. S, 0.13%, 02/16/2026 |
|
EUR |
1,000 |
|
|
|
1,066 |
|
| Goldman Sachs Group, Inc. (The), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 01/26/2028 |
|
EUR |
1,000 |
|
|
|
1,025 |
|
| Reg. S, 0.88%, 05/09/2029 |
|
EUR |
1,000 |
|
|
|
1,010 |
|
| Reg. S, 1.00%, 03/18/2033 |
|
EUR |
1,000 |
|
|
|
931 |
|
| (United States SOFR + 0.91%), 1.95%, 10/21/2027 (aa) |
|
|
1,585 |
|
|
|
1,511 |
|
| 2.60%, 02/07/2030 |
|
|
1,895 |
|
|
|
1,738 |
|
| (United States SOFR + 1.28%), 2.62%, 04/22/2032 (aa) |
|
|
2,715 |
|
|
|
2,398 |
|
| (United States SOFR + 1.26%), 2.65%, 10/21/2032 (aa) |
|
|
80 |
|
|
|
70 |
|
| (United States SOFR + 1.47%), 2.91%, 07/21/2042 (aa) |
|
|
25 |
|
|
|
19 |
|
| Reg. S, 3.13%, 07/25/2029 |
|
GBP |
1,500 |
|
|
|
1,883 |
|
| Reg. S, (UK Gilts 1 Year + 1.95%), 3.63%, 10/29/2029 (aa) |
|
GBP |
2,000 |
|
|
|
2,558 |
|
| (CME Term SOFR 3 Month + 1.63%), 4.02%, 10/31/2038 (aa) |
|
|
185 |
|
|
|
168 |
|
| Reg. S, 4.25%, 01/29/2026 |
|
GBP |
2,000 |
|
|
|
2,656 |
|
| (United States SOFR + 1.73%), 4.48%, 08/23/2028 (aa) |
|
|
43 |
|
|
|
43 |
|
| (United States SOFR + 1.21%), 5.05%, 07/23/2030 (aa) |
|
|
135 |
|
|
|
138 |
|
| (United States SOFR + 1.55%), 5.33%, 07/23/2035 (aa) |
|
|
3,480 |
|
|
|
3,601 |
|
| (United States SOFR + 1.08%), 5.80%, 08/10/2026 (aa) |
|
|
10 |
|
|
|
10 |
|
| (United States SOFR + 1.55%), 5.85%, 04/25/2035 (aa) |
|
|
1,780 |
|
|
|
1,911 |
|
| 6.75%, 10/01/2037 |
|
|
20 |
|
|
|
23 |
|
| 6.88%, 01/18/2038 |
|
GBP |
825 |
|
|
|
1,212 |
|
| Hamburg Commercial Bank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 02/01/2028 |
|
EUR |
50 |
|
|
|
57 |
|
| Reg. S, 3.63%, 01/30/2026 |
|
EUR |
100 |
|
|
|
112 |
|
| Hamburger Sparkasse AG, (Germany), Reg. S, 0.75%, 03/30/2027 |
|
EUR |
100 |
|
|
|
107 |
|
| HSBC Holdings plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.73%), 2.01%, 09/22/2028 (aa) |
|
|
700 |
|
|
|
653 |
|
| (United States SOFR + 1.29%), 2.21%, 08/17/2029 (aa) |
|
|
2,625 |
|
|
|
2,406 |
|
| (United States SOFR + 1.43%), 3.00%, 03/10/2026 (aa) |
|
|
400 |
|
|
|
396 |
|
| (GBP Swap Rate 1 Year + 1.77%), 3.00%, 05/29/2030 (aa) |
|
GBP |
225 |
|
|
|
275 |
|
| (CME Term SOFR 3 Month + 1.87%), 3.97%, 05/22/2030 (aa) |
|
|
900 |
|
|
|
876 |
|
| (United States SOFR + 1.46%), 5.55%, 03/04/2030 (aa) |
|
|
305 |
|
|
|
317 |
|
| Reg. S, 6.00%, 03/29/2040 |
|
GBP |
2,000 |
|
|
|
2,653 |
|
| (SONIA Interest Rate Benchmark + 2.12%), 6.80%, 09/14/2031 (aa) |
|
GBP |
4,500 |
|
|
|
6,511 |
|
| Reg. S, 7.00%, 04/07/2038 |
|
GBP |
300 |
|
|
|
435 |
|
| Huntington Bancshares, Inc., |
|
|
|
|
|
|
|
|
| (SOFR Compounded Index + 1.87%), 5.71%, 02/02/2035 (aa) |
|
|
2,110 |
|
|
|
2,195 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (United States SOFR + 2.02%), 6.21%, 08/21/2029 (aa) |
|
|
235 |
|
|
|
248 |
|
| HYPO NOE Landesbank fuer Niederoesterreich und Wien AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 06/30/2026 |
|
EUR |
200 |
|
|
|
211 |
|
| Reg. S, 3.00%, 04/16/2032 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.25%, 04/19/2028 |
|
EUR |
100 |
|
|
|
114 |
|
| Hypo Vorarlberg Bank AG, (Austria), Reg. S, 4.13%, 02/16/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| Iccrea Banca SpA, (Italy), Reg. S, 3.88%, 01/12/2029 |
|
EUR |
100 |
|
|
|
116 |
|
| ING Bank NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 12/08/2031 |
|
EUR |
100 |
|
|
|
93 |
|
| Reg. S, 0.75%, 02/18/2029 |
|
EUR |
100 |
|
|
|
103 |
|
| Reg. S, 2.50%, 02/21/2030 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 3.00%, 05/21/2034 |
|
EUR |
100 |
|
|
|
114 |
|
| ING Belgium SA, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 02/20/2030 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 1.50%, 05/19/2029 |
|
EUR |
100 |
|
|
|
106 |
|
| ING Groep NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.68%), 0.25%, 02/18/2029 (aa) |
|
EUR |
4,000 |
|
|
|
4,043 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.70%), 0.38%, 09/29/2028 (aa) |
|
EUR |
1,000 |
|
|
|
1,029 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.15%), 0.88%, 06/09/2032 (aa) |
|
EUR |
1,000 |
|
|
|
1,042 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.20%), 1.00%, 11/13/2030 (aa) |
|
EUR |
1,000 |
|
|
|
1,079 |
|
| Reg. S, (SONIA Interest Rate Benchmark + 0.91%), 1.13%, 12/07/2028 (aa) |
|
GBP |
1,900 |
|
|
|
2,275 |
|
| Reg. S, 1.38%, 01/11/2028 |
|
EUR |
1,000 |
|
|
|
1,065 |
|
| (United States SOFR + 1.01%), 1.73%, 04/01/2027 (aa) |
|
|
1,265 |
|
|
|
1,214 |
|
| Reg. S, 2.00%, 09/20/2028 |
|
EUR |
800 |
|
|
|
858 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.40%), 2.13%, 05/26/2031 (aa) |
|
EUR |
1,300 |
|
|
|
1,416 |
|
| Reg. S, 3.00%, 02/18/2026 |
|
GBP |
2,000 |
|
|
|
2,609 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.30%), 3.75%, 09/03/2035 (aa) |
|
EUR |
5,800 |
|
|
|
6,536 |
|
| (United States SOFR + 1.64%), 3.87%, 03/28/2026 (aa) |
|
|
200 |
|
|
|
199 |
|
| ING-DiBa AG, (Germany), Reg. S, 0.01%, 10/07/2028 |
|
EUR |
200 |
|
|
|
202 |
|
| Intesa Sanpaolo SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 09/14/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 0.63%, 02/24/2026 |
|
EUR |
1,000 |
|
|
|
1,077 |
|
| Reg. S, 1.35%, 02/24/2031 |
|
EUR |
1,500 |
|
|
|
1,467 |
|
| Reg. S, 1.75%, 03/20/2028 |
|
EUR |
400 |
|
|
|
428 |
|
| Reg. S, 2.50%, 01/15/2030 |
|
GBP |
3,000 |
|
|
|
3,534 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.48%), 3.85%, 09/16/2032 (aa) |
|
EUR |
6,000 |
|
|
|
6,755 |
|
| Reg. S, 4.75%, 09/06/2027 |
|
EUR |
1,000 |
|
|
|
1,167 |
|
| Reg. S, 5.25%, 01/13/2030 |
|
EUR |
1,458 |
|
|
|
1,789 |
|
| 7.00%, 11/21/2025 (e) |
|
|
1,060 |
|
|
|
1,085 |
|
| 7.80%, 11/28/2053 (e) |
|
|
1,085 |
|
|
|
1,302 |
|
| (CMT Index 1 Year + 4.40%), 8.25%, 11/21/2033 (e) (aa) |
|
|
640 |
|
|
|
743 |
|
| Investec plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (UK Gilts 1 Year + 1.50%), 1.88%, 07/16/2028 (aa) |
|
GBP |
1,500 |
|
|
|
1,818 |
|
| Reg. S, (UK Gilts 5 Year + 2.05%), 2.63%, 01/04/2032 (aa) |
|
GBP |
1,000 |
|
|
|
1,227 |
|
| Investitionsbank Berlin, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 10/04/2027 |
|
EUR |
300 |
|
|
|
339 |
|
| Reg. S, 3.13%, 03/01/2033 |
|
EUR |
500 |
|
|
|
581 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Series 208, 0.05%, 03/02/2035 |
|
EUR |
100 |
|
|
|
85 |
|
| KBC Group NV, (Belgium), Reg. S, (UK Gilts 5 Year + 2.25%), 6.15%, 03/19/2034 (aa) |
|
GBP |
4,000 |
|
|
|
5,454 |
|
| KeyCorp., (SOFR Compounded Index + 2.42%), 6.40%, 03/06/2035 (aa) |
|
|
520 |
|
|
|
564 |
|
| Knab NV, (Netherlands), Reg. S, 0.01%, 11/16/2025 |
|
EUR |
100 |
|
|
|
108 |
|
| Kookmin Bank, (South Korea), Reg. S, 0.05%, 10/19/2026 |
|
EUR |
1,800 |
|
|
|
1,899 |
|
| Kreditanstalt fuer Wiederaufbau, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 06/15/2026 |
|
EUR |
500 |
|
|
|
535 |
|
| Reg. S, 0.00%, 03/31/2027 |
|
EUR |
500 |
|
|
|
526 |
|
| Reg. S, 0.00%, 04/30/2027 |
|
EUR |
1,530 |
|
|
|
1,608 |
|
| Reg. S, 0.00%, 12/15/2027 |
|
EUR |
1,140 |
|
|
|
1,181 |
|
| Reg. S, 0.00%, 09/15/2028 |
|
EUR |
1,325 |
|
|
|
1,350 |
|
| Reg. S, 0.00%, 11/09/2028 |
|
EUR |
1,490 |
|
|
|
1,511 |
|
| Reg. S, 0.00%, 06/15/2029 |
|
EUR |
254 |
|
|
|
254 |
|
| Reg. S, 0.00%, 09/17/2030 |
|
EUR |
3,108 |
|
|
|
3,007 |
|
| Reg. S, 0.00%, 01/10/2031 |
|
EUR |
670 |
|
|
|
643 |
|
| Reg. S, 0.01%, 05/05/2027 |
|
EUR |
520 |
|
|
|
547 |
|
| Reg. S, 0.05%, 09/29/2034 |
|
EUR |
780 |
|
|
|
674 |
|
| Reg. S, 0.13%, 01/09/2032 |
|
EUR |
830 |
|
|
|
784 |
|
| 0.38%, 07/18/2025 |
|
|
150 |
|
|
|
146 |
|
| Reg. S, 0.38%, 04/23/2030 |
|
EUR |
360 |
|
|
|
360 |
|
| Reg. S, 0.38%, 05/20/2036 |
|
EUR |
548 |
|
|
|
471 |
|
| Reg. S, 0.50%, 09/28/2026 |
|
EUR |
2,520 |
|
|
|
2,714 |
|
| 0.50%, 09/15/2027 |
|
EUR |
500 |
|
|
|
529 |
|
| 0.63%, 01/07/2028 |
|
EUR |
720 |
|
|
|
760 |
|
| Reg. S, 0.75%, 01/15/2029 |
|
EUR |
500 |
|
|
|
522 |
|
| Reg. S, 0.88%, 07/04/2039 |
|
EUR |
1,010 |
|
|
|
867 |
|
| Reg. S, 1.13%, 09/15/2032 |
|
EUR |
400 |
|
|
|
403 |
|
| Reg. S, 1.13%, 05/09/2033 |
|
EUR |
550 |
|
|
|
547 |
|
| Reg. S, 1.13%, 03/31/2037 |
|
EUR |
1,500 |
|
|
|
1,395 |
|
| Reg. S, 1.25%, 06/30/2027 |
|
EUR |
1,420 |
|
|
|
1,539 |
|
| Reg. S, 1.38%, 06/07/2032 |
|
EUR |
700 |
|
|
|
722 |
|
| Reg. S, 1.38%, 07/31/2035 |
|
EUR |
202 |
|
|
|
198 |
|
| Reg. S, 2.00%, 11/15/2029 |
|
EUR |
500 |
|
|
|
548 |
|
| Reg. S, 2.38%, 08/05/2027 |
|
EUR |
2,800 |
|
|
|
3,128 |
|
| Reg. S, 2.50%, 11/19/2025 |
|
EUR |
2,450 |
|
|
|
2,731 |
|
| Reg. S, 2.63%, 04/26/2029 |
|
EUR |
2,490 |
|
|
|
2,808 |
|
| Reg. S, 2.63%, 01/10/2034 |
|
EUR |
1,500 |
|
|
|
1,679 |
|
| Reg. S, 2.75%, 03/15/2028 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 2.75%, 05/15/2030 |
|
EUR |
525 |
|
|
|
597 |
|
| Reg. S, 2.75%, 02/20/2031 |
|
EUR |
600 |
|
|
|
681 |
|
| Reg. S, 2.75%, 02/14/2033 |
|
EUR |
700 |
|
|
|
796 |
|
| Reg. S, 2.88%, 05/29/2026 |
|
EUR |
1,000 |
|
|
|
1,123 |
|
| Reg. S, 2.88%, 12/28/2029 |
|
EUR |
1,280 |
|
|
|
1,462 |
|
| Reg. S, 2.88%, 03/31/2032 |
|
EUR |
700 |
|
|
|
802 |
|
| Reg. S, 2.88%, 06/07/2033 |
|
EUR |
500 |
|
|
|
573 |
|
| Reg. S, 3.13%, 10/10/2028 |
|
EUR |
2,300 |
|
|
|
2,640 |
|
| Reg. S, 3.13%, 06/07/2030 |
|
EUR |
700 |
|
|
|
811 |
|
| Reg. S, 3.25%, 03/24/2031 |
|
EUR |
400 |
|
|
|
468 |
|
| 4.70%, 06/02/2037 |
|
CAD |
140 |
|
|
|
111 |
|
| Reg. S, 4.88%, 03/15/2037 |
|
GBP |
825 |
|
|
|
1,165 |
|
| 5.00%, 03/16/2026 |
|
|
200 |
|
|
|
203 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| 5.75%, 06/07/2032 |
|
GBP |
1,300 |
|
|
|
1,933 |
|
| 6.00%, 12/07/2028 |
|
GBP |
2,500 |
|
|
|
3,598 |
|
| La Banque Postale SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 07/12/2026 |
|
EUR |
200 |
|
|
|
213 |
|
| Reg. S, 0.75%, 06/23/2031 |
|
EUR |
100 |
|
|
|
93 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.78%), 1.00%, 02/09/2028 (aa) |
|
EUR |
400 |
|
|
|
424 |
|
| Reg. S, 1.38%, 04/24/2029 |
|
EUR |
200 |
|
|
|
205 |
|
| Reg. S, 3.50%, 06/13/2030 |
|
EUR |
400 |
|
|
|
453 |
|
| Reg. S, 4.00%, 05/03/2028 |
|
EUR |
400 |
|
|
|
460 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.85%), 5.50%, 03/05/2034 (aa) |
|
EUR |
300 |
|
|
|
353 |
|
| Landesbank Baden-Wuerttemberg, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 07/21/2028 |
|
EUR |
200 |
|
|
|
201 |
|
| Reg. S, 0.38%, 02/18/2027 |
|
EUR |
200 |
|
|
|
209 |
|
| Reg. S, 0.38%, 02/28/2028 |
|
EUR |
200 |
|
|
|
203 |
|
| Reg. S, 0.38%, 05/07/2029 |
|
EUR |
300 |
|
|
|
295 |
|
| Reg. S, 0.38%, 02/21/2031 |
|
EUR |
400 |
|
|
|
369 |
|
| Reg. S, 0.88%, 09/15/2025 |
|
EUR |
100 |
|
|
|
109 |
|
| Reg. S, 2.75%, 03/12/2031 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.13%, 11/13/2029 |
|
EUR |
50 |
|
|
|
57 |
|
| Reg. S, 3.25%, 09/27/2027 |
|
EUR |
50 |
|
|
|
57 |
|
| Series 809, Reg. S, 0.38%, 07/29/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Landesbank Hessen-Thueringen Girozentrale, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 07/19/2027 |
|
EUR |
100 |
|
|
|
104 |
|
| Reg. S, 0.38%, 06/04/2029 |
|
EUR |
300 |
|
|
|
296 |
|
| Reg. S, 0.63%, 01/12/2027 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 2.88%, 02/06/2034 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 4.00%, 02/04/2030 |
|
EUR |
300 |
|
|
|
351 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.75%), 4.50%, 09/15/2032 (aa) |
|
EUR |
100 |
|
|
|
111 |
|
| Landeskreditbank Baden-Wuerttemberg Foerderbank, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 02/25/2027 |
|
EUR |
400 |
|
|
|
425 |
|
| Reg. S, 0.75%, 03/16/2032 |
|
EUR |
100 |
|
|
|
99 |
|
| Series 5614, Reg. S, 0.01%, 01/20/2031 |
|
EUR |
200 |
|
|
|
192 |
|
| Landwirtschaftliche Rentenbank, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/28/2026 |
|
EUR |
535 |
|
|
|
570 |
|
| Reg. S, 0.00%, 09/22/2027 |
|
EUR |
300 |
|
|
|
312 |
|
| Reg. S, 0.00%, 07/19/2028 |
|
EUR |
1,700 |
|
|
|
1,738 |
|
| Reg. S, 0.00%, 12/13/2028 |
|
EUR |
720 |
|
|
|
729 |
|
| Reg. S, 0.00%, 11/27/2029 |
|
EUR |
120 |
|
|
|
119 |
|
| Reg. S, 0.01%, 11/26/2040 |
|
EUR |
200 |
|
|
|
140 |
|
| Reg. S, 0.05%, 12/18/2029 |
|
EUR |
380 |
|
|
|
376 |
|
| Reg. S, 0.05%, 01/31/2031 |
|
EUR |
200 |
|
|
|
192 |
|
| Reg. S, 0.10%, 03/08/2027 |
|
EUR |
200 |
|
|
|
212 |
|
| Reg. S, 0.38%, 02/14/2028 |
|
EUR |
1,140 |
|
|
|
1,193 |
|
| Reg. S, 0.50%, 02/28/2029 |
|
EUR |
400 |
|
|
|
412 |
|
| Reg. S, 0.63%, 02/20/2030 |
|
EUR |
440 |
|
|
|
448 |
|
| Reg. S, 0.63%, 10/31/2036 |
|
EUR |
75 |
|
|
|
66 |
|
| Reg. S, 0.88%, 12/15/2026 |
|
GBP |
2,000 |
|
|
|
2,494 |
|
| Reg. S, 2.75%, 02/16/2032 |
|
EUR |
200 |
|
|
|
227 |
|
| Reg. S, 3.00%, 11/14/2034 |
|
EUR |
700 |
|
|
|
806 |
|
| Reg. S, 3.25%, 09/06/2030 |
|
EUR |
600 |
|
|
|
700 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| LFA Foerderbank Bayern, (Germany), Series 1180, 0.75%, 04/01/2031 |
|
EUR |
200 |
|
|
|
200 |
|
| Lloyds Bank plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 06/18/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 6.00%, 02/08/2029 |
|
GBP |
100 |
|
|
|
142 |
|
| Reg. S, 6.50%, 09/17/2040 |
|
GBP |
300 |
|
|
|
459 |
|
| Lloyds Banking Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (UK Gilts 5 Year + 1.60%), 1.99%, 12/15/2031 (aa) |
|
GBP |
1,900 |
|
|
|
2,373 |
|
| Reg. S, (UK Gilts 5 Year + 2.40%), 2.71%, 12/03/2035 (aa) |
|
GBP |
600 |
|
|
|
673 |
|
| (CMT Index 1 Year + 1.48%), 5.99%, 08/07/2027 (aa) |
|
|
2,150 |
|
|
|
2,207 |
|
| Luzerner Kantonalbank AG, (Switzerland), Reg. S, 0.35%, 02/05/2027 |
|
CHF |
500 |
|
|
|
584 |
|
| M&T Bank Corp., |
|
|
|
|
|
|
|
|
| (United States SOFR + 2.26%), 6.08%, 03/13/2032 (aa) |
|
|
115 |
|
|
|
122 |
|
| (United States SOFR + 2.80%), 7.41%, 10/30/2029 (aa) |
|
|
105 |
|
|
|
115 |
|
| Macquarie Group Ltd., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 10/01/2031 |
|
GBP |
1,500 |
|
|
|
1,692 |
|
| Reg. S, 4.08%, 05/31/2029 |
|
GBP |
2,000 |
|
|
|
2,600 |
|
| Mediobanca Banca di Credito Finanziario SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 07/15/2027 |
|
EUR |
425 |
|
|
|
446 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.90%), 1.00%, 07/17/2029 (aa) |
|
EUR |
5,000 |
|
|
|
5,153 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.45%), 4.88%, 09/13/2027 (aa) |
|
EUR |
2,950 |
|
|
|
3,400 |
|
| Series 4, Reg. S, 1.38%, 11/10/2025 |
|
EUR |
100 |
|
|
|
110 |
|
| Mitsubishi UFJ Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 0.75%), 1.54%, 07/20/2027 (aa) |
|
|
780 |
|
|
|
742 |
|
| Reg. S, 3.56%, 06/15/2032 |
|
EUR |
5,800 |
|
|
|
6,637 |
|
| (CMT Index 1 Year + 1.90%), 5.35%, 09/13/2028 (aa) |
|
|
3,450 |
|
|
|
3,552 |
|
| Mizuho Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 2.10%, 04/08/2032 |
|
EUR |
1,000 |
|
|
|
1,023 |
|
| (CME Term SOFR 3 Month + 1.39%), 3.15%, 07/16/2030 (aa) |
|
|
930 |
|
|
|
874 |
|
| Reg. S, 4.42%, 05/20/2033 |
|
EUR |
7,700 |
|
|
|
9,097 |
|
| Reg. S, 5.63%, 06/13/2028 |
|
GBP |
3,150 |
|
|
|
4,318 |
|
| (CMT Index 1 Year + 1.50%), 5.67%, 05/27/2029 (aa) |
|
|
470 |
|
|
|
490 |
|
| Morgan Stanley, |
|
|
|
|
|
|
|
|
| (ICE LIBOR EUR 3 Month + 0.70%), 0.41%, 10/29/2027 (aa) |
|
EUR |
4,350 |
|
|
|
4,597 |
|
| (United States SOFR + 0.86%), 1.51%, 07/20/2027 (aa) |
|
|
39 |
|
|
|
37 |
|
| (ICE LIBOR EUR 3 Month + 0.90%), 2.10%, 05/08/2026 (aa) |
|
EUR |
900 |
|
|
|
995 |
|
| (United States SOFR + 1.00%), 2.48%, 01/21/2028 (aa) |
|
|
2 |
|
|
|
2 |
|
| (United States SOFR + 1.36%), 2.48%, 09/16/2036 (aa) |
|
|
14 |
|
|
|
12 |
|
| (United States SOFR + 1.20%), 2.51%, 10/20/2032 (aa) |
|
|
65 |
|
|
|
57 |
|
| 2.63%, 03/09/2027 |
|
GBP |
1,425 |
|
|
|
1,813 |
|
| (United States SOFR + 1.14%), 2.70%, 01/22/2031 (aa) |
|
|
1,010 |
|
|
|
924 |
|
| (United States SOFR + 1.43%), 2.80%, 01/25/2052 (aa) |
|
|
45 |
|
|
|
31 |
|
| (ICE LIBOR EUR 3 Month + 1.25%), 2.95%, 05/07/2032 (aa) |
|
EUR |
2,200 |
|
|
|
2,394 |
|
| 3.95%, 04/23/2027 |
|
|
17 |
|
|
|
17 |
|
| (United States SOFR + 1.61%), 4.21%, 04/20/2028 (aa) |
|
|
3 |
|
|
|
3 |
|
| (CME Term SOFR 3 Month + 1.89%), 4.43%, 01/23/2030 (aa) |
|
|
14 |
|
|
|
14 |
|
| (United States SOFR + 1.67%), 4.68%, 07/17/2026 (aa) |
|
|
808 |
|
|
|
807 |
|
| (United States SOFR + 1.59%), 5.16%, 04/20/2029 (aa) |
|
|
10 |
|
|
|
10 |
|
| (United States SOFR + 1.45%), 5.17%, 01/16/2030 (aa) |
|
|
2,275 |
|
|
|
2,344 |
|
| (United States SOFR + 1.87%), 5.25%, 04/21/2034 (aa) |
|
|
385 |
|
|
|
397 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.56%), 5.32%, 07/19/2035 (aa) |
|
|
1,470 |
|
|
|
1,524 |
|
| (United States SOFR + 1.88%), 5.42%, 07/21/2034 (aa) |
|
|
795 |
|
|
|
828 |
|
| (United States SOFR + 1.63%), 5.45%, 07/20/2029 (aa) |
|
|
528 |
|
|
|
548 |
|
| (United States SOFR + 1.73%), 5.47%, 01/18/2035 (aa) |
|
|
20 |
|
|
|
21 |
|
| (United States SOFR + 1.58%), 5.83%, 04/19/2035 (aa) |
|
|
615 |
|
|
|
660 |
|
| (CMT Index 5 Year + 2.43%), 5.95%, 01/19/2038 (aa) |
|
|
11 |
|
|
|
11 |
|
| (United States SOFR + 2.24%), 6.30%, 10/18/2028 (aa) |
|
|
110 |
|
|
|
116 |
|
| (United States SOFR + 2.56%), 6.34%, 10/18/2033 (aa) |
|
|
30 |
|
|
|
33 |
|
| Muenchener Hypothekenbank eG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 11/02/2040 |
|
EUR |
50 |
|
|
|
35 |
|
| Reg. S, 0.13%, 02/01/2029 |
|
EUR |
50 |
|
|
|
50 |
|
| Reg. S, 1.00%, 04/18/2039 |
|
EUR |
50 |
|
|
|
43 |
|
| Reg. S, 2.50%, 07/04/2028 |
|
EUR |
50 |
|
|
|
56 |
|
| Reg. S, 3.00%, 02/01/2034 |
|
EUR |
50 |
|
|
|
57 |
|
| Series 2057, Reg. S, 3.00%, 07/11/2031 |
|
EUR |
25 |
|
|
|
29 |
|
| National Australia Bank Ltd., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 05/18/2026 |
|
EUR |
1,000 |
|
|
|
1,089 |
|
| Reg. S, (UK Gilts 5 Year + 1.40%), 1.70%, 09/15/2031 (aa) |
|
GBP |
1,425 |
|
|
|
1,778 |
|
| Reg. S, 2.13%, 05/24/2028 |
|
EUR |
500 |
|
|
|
546 |
|
| Reg. S, 2.35%, 08/30/2029 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 3.13%, 02/28/2030 |
|
EUR |
5,175 |
|
|
|
5,817 |
|
| Reg. S, 3.15%, 02/05/2031 |
|
EUR |
1,800 |
|
|
|
2,059 |
|
| National Bank of Canada, (Canada), Reg. S, 0.01%, 03/25/2028 |
|
EUR |
100 |
|
|
|
102 |
|
| NatWest Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.89%), 0.67%, 09/14/2029 (aa) |
|
EUR |
2,000 |
|
|
|
2,025 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.95%), 0.78%, 02/26/2030 (aa) |
|
EUR |
2,500 |
|
|
|
2,510 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.27%), 1.04%, 09/14/2032 (aa) |
|
EUR |
875 |
|
|
|
906 |
|
| Reg. S, (UK Gilts 5 Year + 1.75%), 2.11%, 11/28/2031 (aa) |
|
GBP |
600 |
|
|
|
752 |
|
| Reg. S, (UK Gilts 1 Year + 2.10%), 3.62%, 03/29/2029 (aa) |
|
GBP |
4,000 |
|
|
|
5,127 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.10%), 3.67%, 08/05/2031 (aa) |
|
EUR |
7,300 |
|
|
|
8,273 |
|
| NatWest Markets plc, (United Kingdom), Reg. S, 0.13%, 06/18/2026 |
|
EUR |
1,000 |
|
|
|
1,065 |
|
| NIBC Bank NV, (Netherlands), Reg. S, 0.13%, 04/21/2031 |
|
EUR |
100 |
|
|
|
94 |
|
| NORD / LB Luxembourg SA Covered Bond Bank, (Luxembourg), Reg. S, 0.01%, 06/10/2027 |
|
EUR |
100 |
|
|
|
104 |
|
| Norddeutsche Landesbank-Girozentrale, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/23/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 0.25%, 10/28/2026 |
|
EUR |
20 |
|
|
|
21 |
|
| Reg. S, 0.50%, 06/29/2026 |
|
EUR |
50 |
|
|
|
54 |
|
| Reg. S, 2.88%, 05/14/2027 |
|
EUR |
50 |
|
|
|
56 |
|
| Reg. S, 4.88%, 07/11/2028 |
|
EUR |
100 |
|
|
|
120 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.95%), 5.63%, 08/23/2034 (aa) |
|
EUR |
100 |
|
|
|
114 |
|
| Nordea Bank Abp, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 4.13%, 05/05/2028 |
|
EUR |
2,825 |
|
|
|
3,272 |
|
| Reg. S, (EUR Swap Rate 5 Year + 1.85%), 4.88%, 02/23/2034 (aa) |
|
EUR |
725 |
|
|
|
853 |
|
| Nordea Hypotek AB, (Sweden), |
|
|
|
|
|
|
|
|
| Series 5536, Reg. S, 0.50%, 09/16/2026 |
|
SEK |
1,700 |
|
|
|
162 |
|
| Series 5537, Reg. S, 1.00%, 06/16/2027 |
|
SEK |
2,000 |
|
|
|
191 |
|
| Series 5538, Reg. S, 3.50%, 09/20/2028 |
|
SEK |
2,000 |
|
|
|
206 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Nordea Kiinnitysluottopankki OYJ, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 06/18/2027 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 2.50%, 09/14/2032 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 3.00%, 01/31/2031 |
|
EUR |
150 |
|
|
|
171 |
|
| NRW Bank, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 02/18/2030 |
|
EUR |
400 |
|
|
|
392 |
|
| Reg. S, 0.00%, 07/28/2031 |
|
EUR |
138 |
|
|
|
130 |
|
| Reg. S, 0.10%, 07/09/2035 |
|
EUR |
300 |
|
|
|
253 |
|
| Reg. S, 0.38%, 05/16/2029 |
|
EUR |
550 |
|
|
|
559 |
|
| Reg. S, 0.50%, 06/17/2041 |
|
EUR |
100 |
|
|
|
75 |
|
| Reg. S, 0.75%, 06/30/2028 |
|
EUR |
260 |
|
|
|
273 |
|
| 1.20%, 03/28/2039 |
|
EUR |
100 |
|
|
|
89 |
|
| 1.25%, 05/13/2049 |
|
EUR |
87 |
|
|
|
66 |
|
| 2.75%, 02/21/2029 |
|
EUR |
500 |
|
|
|
566 |
|
| Reg. S, 2.75%, 05/15/2031 |
|
EUR |
1,502 |
|
|
|
1,705 |
|
| Reg. S, 2.88%, 04/05/2033 |
|
EUR |
300 |
|
|
|
342 |
|
| Reg. S, 3.00%, 05/31/2030 |
|
EUR |
173 |
|
|
|
199 |
|
| Nykredit Realkredit A/S, (Denmark), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 1.18%), 0.88%, 07/28/2031 (aa) |
|
EUR |
5,000 |
|
|
|
5,332 |
|
| Series 13G, Reg. S, 1.00%, 04/01/2026 |
|
DKK |
300 |
|
|
|
44 |
|
| Series 13H, Reg. S, 1.00%, 07/01/2026 |
|
DKK |
600 |
|
|
|
88 |
|
| Series 13H, Reg. S, 1.00%, 01/01/2027 |
|
DKK |
1,000 |
|
|
|
145 |
|
| Series 13H, Reg. S, 1.00%, 07/01/2027 |
|
DKK |
800 |
|
|
|
116 |
|
| Series 13H, Reg. S, 1.00%, 01/01/2028 |
|
DKK |
200 |
|
|
|
29 |
|
| Series 13H, Reg. S, 1.00%, 07/01/2028 |
|
DKK |
400 |
|
|
|
57 |
|
| Series 13H, Reg. S, 2.00%, 01/01/2026 |
|
DKK |
1,000 |
|
|
|
149 |
|
| Series SDO, Reg. S, 1.00%, 01/01/2029 |
|
DKK |
700 |
|
|
|
99 |
|
| Oesterreichische Kontrollbank AG, (Austria), Reg. S, 0.00%, 10/08/2026 |
|
EUR |
150 |
|
|
|
160 |
|
| OP Corporate Bank plc, (Finland), Reg. S, 4.13%, 04/18/2027 |
|
EUR |
3,000 |
|
|
|
3,455 |
|
| OP Mortgage Bank, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 02/15/2029 |
|
EUR |
100 |
|
|
|
102 |
|
| Reg. S, 1.00%, 10/05/2027 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 3.00%, 07/17/2031 |
|
EUR |
100 |
|
|
|
114 |
|
| Permanent TSB Group Holdings plc, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 1.60%), 4.25%, 07/10/2030 (aa) |
|
EUR |
200 |
|
|
|
229 |
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 3.50%), 6.63%, 04/25/2028 (aa) |
|
EUR |
300 |
|
|
|
359 |
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 3.50%), 6.63%, 06/30/2029 (aa) |
|
EUR |
300 |
|
|
|
369 |
|
| Pfandbriefbank schweizerischer Hypothekarinstitute AG, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 02/26/2030 |
|
CHF |
750 |
|
|
|
847 |
|
| Series 676, Reg. S, 0.25%, 04/26/2034 |
|
CHF |
100 |
|
|
|
111 |
|
| Series 678, Reg. S, 0.00%, 08/26/2049 |
|
CHF |
40 |
|
|
|
37 |
|
| Series 682, Reg. S, 0.00%, 04/06/2027 |
|
CHF |
200 |
|
|
|
232 |
|
| Series 683, Reg. S, 0.00%, 02/25/2028 |
|
CHF |
200 |
|
|
|
230 |
|
| Series 684, Reg. S, 0.00%, 05/10/2045 |
|
CHF |
125 |
|
|
|
121 |
|
| Series 695, Reg. S, 0.00%, 10/26/2029 |
|
CHF |
100 |
|
|
|
113 |
|
| Series 697, Reg. S, 0.00%, 05/20/2041 |
|
CHF |
250 |
|
|
|
251 |
|
| Series 706, Reg. S, 0.13%, 08/19/2031 |
|
CHF |
200 |
|
|
|
224 |
|
| Series 741, Reg. S, 1.88%, 06/24/2050 |
|
CHF |
10 |
|
|
|
14 |
|
| Series 743, Reg. S, 1.75%, 07/09/2038 |
|
CHF |
50 |
|
|
|
65 |
|
| Series 755, Reg. S, 1.50%, 07/13/2027 |
|
CHF |
100 |
|
|
|
121 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Pfandbriefzentrale der schweizerischen Kantonalbanken AG, (Switzerland), |
|
|
|
|
|
|
|
|
| Series 483, Reg. S, 0.00%, 01/27/2027 |
|
CHF |
600 |
|
|
|
696 |
|
| Series 490, Reg. S, 0.50%, 02/20/2032 |
|
CHF |
50 |
|
|
|
57 |
|
| Series 524, Reg. S, 0.00%, 06/21/2028 |
|
CHF |
50 |
|
|
|
57 |
|
| Series 530, Reg. S, 0.00%, 03/18/2033 |
|
CHF |
370 |
|
|
|
405 |
|
| Series 531, Reg. S, 0.00%, 02/15/2036 |
|
CHF |
365 |
|
|
|
387 |
|
| Series 534, Reg. S, 0.00%, 03/13/2028 |
|
CHF |
50 |
|
|
|
58 |
|
| Series 538, Reg. S, 0.00%, 07/25/2031 |
|
CHF |
80 |
|
|
|
89 |
|
| Series 576, Reg. S, 1.85%, 07/19/2038 |
|
CHF |
50 |
|
|
|
66 |
|
| Series 585, Reg. S, 1.50%, 04/02/2031 |
|
CHF |
100 |
|
|
|
123 |
|
| PNC Financial Services Group, Inc. (The), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.60%), 5.40%, 07/23/2035 (aa) |
|
|
75 |
|
|
|
78 |
|
| (United States SOFR + 1.20%), 5.49%, 05/14/2030 (aa) |
|
|
60 |
|
|
|
63 |
|
| (United States SOFR + 1.84%), 5.58%, 06/12/2029 (aa) |
|
|
75 |
|
|
|
78 |
|
| (United States SOFR + 1.90%), 5.68%, 01/22/2035 (aa) |
|
|
160 |
|
|
|
169 |
|
| (SOFR Compounded Index + 1.73%), 6.62%, 10/20/2027 (aa) |
|
|
10 |
|
|
|
11 |
|
| (United States SOFR + 2.28%), 6.88%, 10/20/2034 (aa) |
|
|
760 |
|
|
|
869 |
|
| Raiffeisen Bank International AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 03/16/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.95%), 4.63%, 08/21/2029 (aa) |
|
EUR |
700 |
|
|
|
801 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.95%), 4.75%, 01/26/2027 (aa) |
|
EUR |
700 |
|
|
|
795 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.20%), 7.38%, 12/20/2032 (aa) |
|
EUR |
1,300 |
|
|
|
1,546 |
|
| Raiffeisen Bausparkasse Gesellschaft mbH, (Austria), Reg. S, 3.38%, 07/10/2029 |
|
EUR |
100 |
|
|
|
115 |
|
| Raiffeisenlandesbank Niederoesterreich-Wien AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 08/28/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 3.25%, 01/11/2030 |
|
EUR |
100 |
|
|
|
114 |
|
| Raiffeisenlandesbank Oberoesterreich AG, (Austria), Reg. S, 1.25%, 04/26/2027 |
|
EUR |
100 |
|
|
|
108 |
|
| Raiffeisen-Landesbank Steiermark AG, (Austria), Reg. S, 2.38%, 06/14/2028 |
|
EUR |
100 |
|
|
|
110 |
|
| Raiffeisen-Landesbank Tirol AG, (Austria), Reg. S, 3.00%, 01/24/2028 |
|
EUR |
100 |
|
|
|
112 |
|
| Regions Financial Corp., (United States SOFR + 2.06%), 5.50%, 09/06/2035 (aa) |
|
|
140 |
|
|
|
142 |
|
| Rheinland-Pfalz Bank, (Germany), SUB, 6.88%, 02/23/2028 (e) |
|
|
2,000 |
|
|
|
2,160 |
|
| Royal Bank of Canada, (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 10/05/2028 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 0.01%, 01/27/2031 |
|
EUR |
500 |
|
|
|
471 |
|
| Reg. S, 0.13%, 04/26/2027 |
|
EUR |
700 |
|
|
|
734 |
|
| Reg. S, 1.50%, 09/15/2027 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 2.38%, 09/13/2027 |
|
EUR |
150 |
|
|
|
166 |
|
| Reg. S, 4.38%, 10/02/2030 |
|
EUR |
8,100 |
|
|
|
9,662 |
|
| 4.95%, 02/01/2029 |
|
|
10 |
|
|
|
10 |
|
| 5.20%, 08/01/2028 |
|
|
56 |
|
|
|
58 |
|
| Santander Holdings USA, Inc., (United States SOFR + 2.14%), 6.34%, 05/31/2035 (aa) |
|
|
43 |
|
|
|
45 |
|
| Santander UK Group Holdings plc, (United Kingdom), (United States SOFR + 2.75%), 6.83%, 11/21/2026 (aa) |
|
|
2,200 |
|
|
|
2,246 |
|
| Santander UK plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 01/12/2027 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 1.13%, 03/12/2027 |
|
EUR |
100 |
|
|
|
108 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Skandinaviska Enskilda Banken AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 05/04/2028 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.80%), 4.50%, 11/27/2034 (aa) |
|
EUR |
9,075 |
|
|
|
10,513 |
|
| Series 581, Reg. S, 0.50%, 12/16/2026 |
|
SEK |
4,000 |
|
|
|
380 |
|
| Series 601, Reg. S, 3.00%, 12/06/2027 |
|
SEK |
2,000 |
|
|
|
202 |
|
| Slovenska Sporitelna A/S, (Slovakia), Reg. S, 0.13%, 06/12/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Societe Generale SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 02/24/2026 |
|
EUR |
1,000 |
|
|
|
1,072 |
|
| (EUR Swap Rate 5 Year + 1.55%), 1.00%, 11/24/2030 (aa) |
|
EUR |
1,000 |
|
|
|
1,075 |
|
| Reg. S, 1.25%, 12/07/2027 |
|
GBP |
3,000 |
|
|
|
3,586 |
|
| (CMT Index 1 Year + 1.05%), 2.23%, 01/21/2026 (e) (aa) |
|
|
2,850 |
|
|
|
2,823 |
|
| Reg. S, 2.63%, 05/30/2029 |
|
EUR |
1,000 |
|
|
|
1,095 |
|
| (CMT Index 1 Year + 1.30%), 2.80%, 01/19/2028 (e) (aa) |
|
|
2,595 |
|
|
|
2,479 |
|
| Reg. S, 4.00%, 11/16/2027 |
|
EUR |
3,000 |
|
|
|
3,446 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.10%), 5.25%, 09/06/2032 (aa) |
|
EUR |
200 |
|
|
|
231 |
|
| (CMT Index 1 Year + 1.50%), 5.52%, 01/19/2028 (e) (aa) |
|
|
1,800 |
|
|
|
1,825 |
|
| Reg. S, 6.25%, 06/22/2033 |
|
GBP |
2,000 |
|
|
|
2,847 |
|
| (CMT Index 1 Year + 2.95%), 7.13%, 01/19/2055 (e) (aa) |
|
|
250 |
|
|
|
255 |
|
| SpareBank 1 Boligkreditt A/S, (Norway), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/22/2027 |
|
EUR |
5,000 |
|
|
|
5,190 |
|
| Reg. S, 0.13%, 05/14/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 0.13%, 05/12/2031 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 1.00%, 01/30/2029 |
|
EUR |
100 |
|
|
|
105 |
|
| Sparebank 1 Oestlandet, (Norway), Reg. S, 1.75%, 04/27/2027 |
|
EUR |
1,000 |
|
|
|
1,084 |
|
| Sparebanken Soer Boligkreditt A/S, (Norway), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/25/2028 |
|
EUR |
5,000 |
|
|
|
5,037 |
|
| Reg. S, 0.50%, 02/06/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| SP-Kiinnitysluottopankki OYJ, (Finland), Reg. S, 3.13%, 11/01/2027 |
|
EUR |
100 |
|
|
|
113 |
|
| SR-Boligkreditt A/S, (Norway), Reg. S, 0.01%, 03/10/2031 |
|
EUR |
100 |
|
|
|
94 |
|
| Stadshypotek AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 11/24/2028 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 3.63%, 06/20/2028 |
|
SEK |
2,000 |
|
|
|
206 |
|
| Series 1591, Reg. S, 0.50%, 06/01/2026 |
|
SEK |
2,000 |
|
|
|
191 |
|
| Series 1592, Reg. S, 1.00%, 03/01/2027 |
|
SEK |
2,000 |
|
|
|
192 |
|
| Series 1594, Reg. S, 2.00%, 09/01/2028 |
|
SEK |
3,000 |
|
|
|
293 |
|
| Standard Chartered plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.00%), 1.46%, 01/14/2027 (e) (aa) |
|
|
1,200 |
|
|
|
1,150 |
|
| (CMT Index 1 Year + 1.05%), 5.69%, 05/14/2028 (e) (aa) |
|
|
1,050 |
|
|
|
1,078 |
|
| Sumitomo Mitsui Banking Corp., (Japan), Reg. S, 0.41%, 11/07/2029 |
|
EUR |
2,100 |
|
|
|
2,062 |
|
| Sumitomo Mitsui Financial Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 1.55%, 06/15/2026 |
|
EUR |
6,000 |
|
|
|
6,538 |
|
| Reg. S, 4.49%, 06/12/2030 |
|
EUR |
5,400 |
|
|
|
6,391 |
|
| Sumitomo Mitsui Trust Bank Ltd., (Japan), Reg. S, 0.01%, 10/15/2027 |
|
EUR |
2,000 |
|
|
|
2,050 |
|
| Suomen Hypoteekkiyhdistys, (Finland), Reg. S, 0.50%, 03/13/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Svenska Handelsbanken AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 09/06/2028 |
|
EUR |
1,000 |
|
|
|
1,003 |
|
| Reg. S, 0.13%, 11/03/2026 |
|
EUR |
3,200 |
|
|
|
3,374 |
|
| Reg. S, 0.50%, 02/18/2030 |
|
EUR |
1,875 |
|
|
|
1,828 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.75%, 11/01/2027 |
|
EUR |
1,200 |
|
|
|
1,378 |
|
| Sveriges Sakerstallda Obligationer AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 03/14/2030 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 0.63%, 10/30/2025 |
|
EUR |
100 |
|
|
|
109 |
|
| Series 147, Reg. S, 2.00%, 06/17/2026 |
|
SEK |
1,000 |
|
|
|
98 |
|
| Series 151, Reg. S, 1.00%, 06/12/2030 |
|
SEK |
2,000 |
|
|
|
182 |
|
| Swedbank AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 1 Year + 0.57%), 0.30%, 05/20/2027 (aa) |
|
EUR |
1,500 |
|
|
|
1,601 |
|
| Reg. S, 1.30%, 02/17/2027 |
|
EUR |
1,000 |
|
|
|
1,073 |
|
| Reg. S, (UK Gilts 1 Year + 1.00%), 1.38%, 12/08/2027 (aa) |
|
GBP |
1,500 |
|
|
|
1,869 |
|
| Reg. S, 2.10%, 05/25/2027 |
|
EUR |
1,000 |
|
|
|
1,098 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.15%), 3.63%, 08/23/2032 (aa) |
|
EUR |
3,200 |
|
|
|
3,583 |
|
| Reg. S, 4.38%, 09/05/2030 |
|
EUR |
5,500 |
|
|
|
6,521 |
|
| Sydbank A/S, (Denmark), Reg. S, (EUR Swap Rate 1 Year + 1.85%), 5.13%, 09/06/2028 (aa) |
|
EUR |
3,100 |
|
|
|
3,644 |
|
| Toronto-Dominion Bank (The), (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.86%, 03/24/2027 |
|
EUR |
1,800 |
|
|
|
1,924 |
|
| Reg. S, 2.78%, 09/03/2027 |
|
EUR |
200 |
|
|
|
224 |
|
| Reg. S, 2.86%, 04/15/2031 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.19%, 02/16/2029 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, 3.72%, 03/13/2030 |
|
EUR |
100 |
|
|
|
117 |
|
| Reg. S, 3.77%, 09/08/2026 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, 3.88%, 03/13/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| 4.69%, 09/15/2027 |
|
|
55 |
|
|
|
56 |
|
| Truist Bank, 2.25%, 03/11/2030 |
|
|
250 |
|
|
|
220 |
|
| Truist Financial Corp., |
|
|
|
|
|
|
|
|
| 3.88%, 03/19/2029 |
|
|
1,400 |
|
|
|
1,363 |
|
| (United States SOFR + 1.57%), 5.15%, 08/05/2032 (aa) |
|
|
3 |
|
|
|
3 |
|
| (United States SOFR + 1.62%), 5.44%, 01/24/2030 (aa) |
|
|
884 |
|
|
|
914 |
|
| (United States SOFR + 2.36%), 5.87%, 06/08/2034 (aa) |
|
|
400 |
|
|
|
425 |
|
| (United States SOFR + 2.45%), 7.16%, 10/30/2029 (aa) |
|
|
626 |
|
|
|
686 |
|
| UBS AG, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 01/05/2026 |
|
EUR |
1,000 |
|
|
|
1,076 |
|
| Reg. S, 0.25%, 09/01/2028 |
|
EUR |
2,400 |
|
|
|
2,414 |
|
| 5.65%, 09/11/2028 |
|
|
200 |
|
|
|
210 |
|
| UBS Group AG, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 02/24/2028 |
|
EUR |
1,000 |
|
|
|
1,014 |
|
| Reg. S, (EUR Swap Rate 1 Year + 0.77%), 0.25%, 11/05/2028 (aa) |
|
EUR |
1,200 |
|
|
|
1,225 |
|
| Reg. S, 0.63%, 01/18/2033 |
|
EUR |
10,584 |
|
|
|
9,390 |
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 0.77%), 0.65%, 01/14/2028 (aa) |
|
EUR |
900 |
|
|
|
948 |
|
| Reg. S, 1.25%, 09/01/2026 |
|
EUR |
1,000 |
|
|
|
1,081 |
|
| Reg. S, (EUR Swap Rate 1 Year + 1.60%), 2.13%, 10/13/2026 (aa) |
|
EUR |
700 |
|
|
|
771 |
|
| (CMT Index 1 Year + 1.10%), 2.75%, 02/11/2033 (e) (aa) |
|
|
1,000 |
|
|
|
866 |
|
| Reg. S, (EUR Swap Rate 1 Year + 1.95%), 2.88%, 04/02/2032 (aa) |
|
EUR |
1,600 |
|
|
|
1,725 |
|
| (United States SOFR + 1.73%), 3.09%, 05/14/2032 (e) (aa) |
|
|
755 |
|
|
|
680 |
|
| (ICE LIBOR USD 3 Month + 1.47%), 3.13%, 08/13/2030 (e) (aa) |
|
|
300 |
|
|
|
280 |
|
| Reg. S, (UK Gilts 1 Year + 4.55%), 7.38%, 09/07/2033 (aa) |
|
GBP |
5,000 |
|
|
|
7,570 |
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 4.95%), 7.75%, 03/01/2029 (aa) |
|
EUR |
1,200 |
|
|
|
1,529 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| UBS Switzerland AG, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/31/2030 |
|
CHF |
25 |
|
|
|
28 |
|
| Reg. S, 3.39%, 12/05/2025 |
|
EUR |
100 |
|
|
|
112 |
|
| UniCredit Bank Czech Republic & Slovakia A/S, (Czech Republic), |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 03/25/2029 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 3.13%, 10/11/2027 |
|
EUR |
1,900 |
|
|
|
2,134 |
|
| UniCredit Bank GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/15/2028 |
|
EUR |
50 |
|
|
|
50 |
|
| Reg. S, 0.01%, 03/10/2031 |
|
EUR |
125 |
|
|
|
118 |
|
| Reg. S, 0.85%, 05/22/2034 |
|
EUR |
50 |
|
|
|
47 |
|
| Reg. S, 0.88%, 01/11/2029 |
|
EUR |
100 |
|
|
|
104 |
|
| UniCredit SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.33%, 01/19/2026 |
|
EUR |
1,000 |
|
|
|
1,078 |
|
| Reg. S, 0.38%, 10/31/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.90%), 0.80%, 07/05/2029 (aa) |
|
EUR |
1,000 |
|
|
|
1,028 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 0.85%), 0.93%, 01/18/2028 (aa) |
|
EUR |
1,000 |
|
|
|
1,066 |
|
| Reg. S, 1.63%, 01/18/2032 |
|
EUR |
1,615 |
|
|
|
1,604 |
|
| Reg. S, 2.13%, 10/24/2026 |
|
EUR |
1,000 |
|
|
|
1,100 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.55%), 2.20%, 07/22/2027 (aa) |
|
EUR |
1,000 |
|
|
|
1,099 |
|
| (CMT Index 1 Year + 2.30%), 2.57%, 09/22/2026 (e) (aa) |
|
|
3,000 |
|
|
|
2,932 |
|
| Reg. S, 3.50%, 07/31/2030 |
|
EUR |
1,800 |
|
|
|
2,082 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.60%), 4.45%, 02/16/2029 (aa) |
|
EUR |
3,650 |
|
|
|
4,221 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 1.90%), 4.80%, 01/17/2029 (aa) |
|
EUR |
1,500 |
|
|
|
1,765 |
|
| United Overseas Bank Ltd., (Singapore), Reg. S, 0.01%, 12/01/2027 |
|
EUR |
100 |
|
|
|
103 |
|
| US Bancorp, |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 2.54%), 3.70%, 01/15/2027 (x) (aa) |
|
|
2,300 |
|
|
|
2,118 |
|
| (United States SOFR + 1.56%), 5.38%, 01/23/2030 (aa) |
|
|
30 |
|
|
|
31 |
|
| (United States SOFR + 1.86%), 5.68%, 01/23/2035 (aa) |
|
|
15 |
|
|
|
16 |
|
| (United States SOFR + 1.43%), 5.73%, 10/21/2026 (aa) |
|
|
30 |
|
|
|
31 |
|
| (United States SOFR + 2.26%), 5.84%, 06/12/2034 (aa) |
|
|
725 |
|
|
|
773 |
|
| Virgin Money UK plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (UK Gilts 1 Year + 2.80%), 4.00%, 09/25/2026 (aa) |
|
GBP |
200 |
|
|
|
264 |
|
| Reg. S, (UK Gilts 5 Year + 5.25%), 5.13%, 12/11/2030 (aa) |
|
GBP |
1,000 |
|
|
|
1,328 |
|
| Vseobecna Uverova Banka A/S, (Slovakia), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 06/23/2025 |
|
EUR |
1,700 |
|
|
|
1,847 |
|
| Reg. S, 0.01%, 03/24/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 3.25%, 03/20/2031 |
|
EUR |
100 |
|
|
|
113 |
|
| Wells Fargo & Co., |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 02/02/2027 |
|
EUR |
1,000 |
|
|
|
1,063 |
|
| Reg. S, 1.38%, 10/26/2026 |
|
EUR |
1,900 |
|
|
|
2,050 |
|
| Reg. S, 2.00%, 04/27/2026 |
|
EUR |
1,000 |
|
|
|
1,096 |
|
| Reg. S, 2.13%, 09/24/2031 |
|
GBP |
1,000 |
|
|
|
1,122 |
|
| Reg. S, 2.50%, 05/02/2029 |
|
GBP |
1,500 |
|
|
|
1,816 |
|
| (CME Term SOFR 3 Month + 1.43%), 2.88%, 10/30/2030 (aa) |
|
|
16 |
|
|
|
15 |
|
| (United States SOFR + 2.53%), 3.07%, 04/30/2041 (aa) |
|
|
2,110 |
|
|
|
1,658 |
|
| (CME Term SOFR 3 Month + 1.43%), 3.20%, 06/17/2027 (aa) |
|
|
1,590 |
|
|
|
1,559 |
|
| (United States SOFR + 1.50%), 3.35%, 03/02/2033 (aa) |
|
|
1,040 |
|
|
|
950 |
|
| Reg. S, (SONIA Interest Rate Benchmark + 1.28%), 3.47%, 04/26/2028 (aa) |
|
GBP |
1,000 |
|
|
|
1,292 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.50%, 09/12/2029 |
|
GBP |
1,500 |
|
|
|
1,892 |
|
| (CME Term SOFR 3 Month + 1.57%), 3.58%, 05/22/2028 (aa) |
|
|
3 |
|
|
|
3 |
|
| (United States SOFR + 2.13%), 4.61%, 04/25/2053 (aa) |
|
|
650 |
|
|
|
601 |
|
| 4.63%, 11/02/2035 |
|
GBP |
1,500 |
|
|
|
1,944 |
|
| 4.75%, 12/07/2046 |
|
|
15 |
|
|
|
14 |
|
| (United States SOFR + 1.98%), 4.81%, 07/25/2028 (aa) |
|
|
1,016 |
|
|
|
1,028 |
|
| Reg. S, 4.88%, 11/29/2035 |
|
GBP |
1,000 |
|
|
|
1,256 |
|
| (United States SOFR + 1.50%), 5.20%, 01/23/2030 (aa) |
|
|
1,500 |
|
|
|
1,545 |
|
| (United States SOFR + 2.02%), 5.39%, 04/24/2034 (aa) |
|
|
940 |
|
|
|
974 |
|
| (United States SOFR + 1.78%), 5.50%, 01/23/2035 (aa) |
|
|
95 |
|
|
|
99 |
|
| (United States SOFR + 1.99%), 5.56%, 07/25/2034 (aa) |
|
|
2,065 |
|
|
|
2,164 |
|
| (United States SOFR + 1.74%), 5.57%, 07/25/2029 (aa) |
|
|
1,480 |
|
|
|
1,539 |
|
| 5.61%, 01/15/2044 |
|
|
24 |
|
|
|
25 |
|
| (United States SOFR + 1.07%), 5.71%, 04/22/2028 (aa) |
|
|
1,510 |
|
|
|
1,559 |
|
| (United States SOFR + 2.06%), 6.49%, 10/23/2034 (aa) |
|
|
1,615 |
|
|
|
1,802 |
|
| Wells Fargo Bank NA, 5.25%, 12/11/2026 |
|
|
2,050 |
|
|
|
2,100 |
|
| Westpac Banking Corp., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/22/2028 |
|
EUR |
100 |
|
|
|
100 |
|
| Reg. S, 0.88%, 04/17/2027 |
|
EUR |
1,000 |
|
|
|
1,067 |
|
| Reg. S, 1.08%, 04/05/2027 |
|
EUR |
100 |
|
|
|
107 |
|
| 2.96%, 11/16/2040 |
|
|
30 |
|
|
|
23 |
|
| Westpac Securities NZ Ltd., (New Zealand), |
|
|
|
|
|
|
|
|
| Reg. S, 0.43%, 12/14/2026 |
|
EUR |
2,500 |
|
|
|
2,644 |
|
| Reg. S, 3.75%, 04/20/2028 |
|
EUR |
100 |
|
|
|
116 |
|
| Wirtschafts- und Infrastrukturbank Hessen, (Germany), 0.88%, 06/14/2028 |
|
EUR |
100 |
|
|
|
106 |
|
| 2.63%, 01/26/2033 |
|
EUR |
100 |
|
|
|
112 |
|
| 2.88%, 02/22/2034 |
|
EUR |
200 |
|
|
|
228 |
|
| Wuestenrot Bausparkasse AG, (Germany), Series 20, Reg. S, 3.38%, 11/28/2028 |
|
EUR |
100 |
|
|
|
115 |
|
| Zuercher Kantonalbank, (Switzerland), |
|
|
|
|
|
|
|
|
| Series 140, Reg. S, 0.05%, 11/23/2026 |
|
CHF |
500 |
|
|
|
581 |
|
| Series 150, Reg. S, 0.10%, 03/31/2031 |
|
CHF |
240 |
|
|
|
269 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
967,077 |
|
|
|
|
|
|
|
|
|
|
| Diversified Financial Services — 0.5% |
|
|
|
|
|
|
|
|
| Aareal Bank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 05/10/2028 |
|
EUR |
100 |
|
|
|
112 |
|
| Series 236, Reg. S, 0.01%, 02/01/2028 |
|
EUR |
100 |
|
|
|
102 |
|
| Affordable Housing Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.89%, 08/11/2043 |
|
GBP |
200 |
|
|
|
204 |
|
| Reg. S, 3.80%, 05/20/2042 |
|
GBP |
100 |
|
|
|
118 |
|
| American Express Co., |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.00%), 4.99%, 05/01/2026 (aa) |
|
|
25 |
|
|
|
25 |
|
| (United States SOFR + 1.84%), 5.04%, 05/01/2034 (aa) |
|
|
60 |
|
|
|
61 |
|
| (United States SOFR + 1.00%), 5.10%, 02/16/2028 (aa) |
|
|
30 |
|
|
|
31 |
|
| (United States SOFR + 1.93%), 5.63%, 07/28/2034 (aa) |
|
|
35 |
|
|
|
37 |
|
| Ameriprise Financial, Inc., 5.15%, 05/15/2033 |
|
|
9 |
|
|
|
9 |
|
| Apollo Global Management, Inc., |
|
|
|
|
|
|
|
|
| 5.80%, 05/21/2054 |
|
|
50 |
|
|
|
53 |
|
| 6.38%, 11/15/2033 |
|
|
18 |
|
|
|
20 |
|
| Arkea Home Loans SFH SA, (France), Reg. S, 3.25%, 08/01/2033 |
|
EUR |
100 |
|
|
|
115 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| Artesian Finance II plc, (United Kingdom), 6.00%, 09/30/2033 |
|
GBP |
30 |
|
|
|
40 |
|
| Aspire Defence Finance plc, (United Kingdom), Series B, 4.67%, 03/31/2040 |
|
GBP |
38 |
|
|
|
50 |
|
| AXA Home Loan SFH SA, (France), Reg. S, 0.01%, 10/16/2029 |
|
EUR |
100 |
|
|
|
98 |
|
| Bayerische Landesbodenkreditanstalt, (Germany), Reg. S, 2.88%, 02/28/2031 |
|
EUR |
100 |
|
|
|
114 |
|
| BlackRock Funding, Inc., 5.25%, 03/14/2054 |
|
|
225 |
|
|
|
233 |
|
| Blue Owl Finance LLC, 6.25%, 04/18/2034 (e) |
|
|
110 |
|
|
|
115 |
|
| BNP Paribas Home Loan SFH SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.00%, 05/25/2028 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.00%, 01/31/2030 |
|
EUR |
100 |
|
|
|
114 |
|
| BPCE SFH SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 11/08/2026 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 0.01%, 01/21/2027 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 0.01%, 01/29/2036 |
|
EUR |
100 |
|
|
|
80 |
|
| Reg. S, 0.13%, 12/03/2030 |
|
EUR |
100 |
|
|
|
95 |
|
| Reg. S, 0.63%, 09/22/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 1.13%, 04/12/2030 |
|
EUR |
100 |
|
|
|
103 |
|
| Reg. S, 1.75%, 05/27/2032 |
|
EUR |
100 |
|
|
|
103 |
|
| Reg. S, 2.88%, 01/15/2027 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 3.00%, 02/20/2029 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.38%, 03/13/2029 |
|
EUR |
100 |
|
|
|
115 |
|
| Caisse de Refinancement de l’Habitat SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 02/07/2028 |
|
EUR |
200 |
|
|
|
205 |
|
| Reg. S, 0.01%, 10/08/2029 |
|
EUR |
100 |
|
|
|
98 |
|
| Reg. S, 3.38%, 06/28/2032 |
|
EUR |
100 |
|
|
|
116 |
|
| Cantor Fitzgerald LP, 4.50%, 04/14/2027 (e) |
|
|
2,055 |
|
|
|
2,034 |
|
| Capital One Financial Corp., |
|
|
|
|
|
|
|
|
| 1.65%, 06/12/2029 |
|
EUR |
1,800 |
|
|
|
1,855 |
|
| (United States SOFR + 1.56%), 5.46%, 07/26/2030 (aa) |
|
|
30 |
|
|
|
31 |
|
| (United States SOFR + 2.64%), 6.31%, 06/08/2029 (aa) |
|
|
146 |
|
|
|
154 |
|
| (United States SOFR + 2.44%), 7.15%, 10/29/2027 (aa) |
|
|
2 |
|
|
|
2 |
|
| (United States SOFR + 3.07%), 7.62%, 10/30/2031 (aa) |
|
|
620 |
|
|
|
704 |
|
| Cboe Global Markets, Inc., 1.63%, 12/15/2030 |
|
|
29 |
|
|
|
25 |
|
| CCF SFH SACA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 03/22/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 2.50%, 06/28/2028 |
|
EUR |
1,900 |
|
|
|
2,105 |
|
| Charles Schwab Corp. (The), Series I, (CMT Index 5 Year + 3.17%), 4.00%, 06/01/2026 (x) (aa) |
|
|
60 |
|
|
|
58 |
|
| Credit Agricole Home Loan SFH SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 04/12/2028 |
|
EUR |
4,200 |
|
|
|
4,282 |
|
| Reg. S, 0.01%, 11/03/2031 |
|
EUR |
100 |
|
|
|
92 |
|
| Reg. S, 0.05%, 12/06/2029 |
|
EUR |
100 |
|
|
|
98 |
|
| Reg. S, 0.88%, 08/11/2028 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 0.88%, 05/06/2034 |
|
EUR |
100 |
|
|
|
93 |
|
| Reg. S, 2.13%, 01/07/2030 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 3.25%, 09/28/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.38%, 09/04/2028 |
|
EUR |
100 |
|
|
|
115 |
|
| Credit Agricole Public Sector SCF SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 08/02/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 3.00%, 06/14/2030 |
|
EUR |
100 |
|
|
|
114 |
|
| Credit Mutuel Home Loan SFH SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 07/20/2028 |
|
EUR |
5,000 |
|
|
|
5,056 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 09/15/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 0.88%, 03/04/2032 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 1.00%, 01/30/2029 |
|
EUR |
100 |
|
|
|
104 |
|
| Reg. S, 2.38%, 02/08/2028 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 3.00%, 07/23/2029 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.25%, 04/20/2029 |
|
EUR |
100 |
|
|
|
114 |
|
| DLR Kredit A/S, (Denmark), Series CCB, Reg. S, 1.00%, 04/01/2028 |
|
DKK |
700 |
|
|
|
100 |
|
| Enact Holdings, Inc., 6.25%, 05/28/2029 |
|
|
210 |
|
|
|
218 |
|
| IG Group Holdings plc, (United Kingdom), Reg. S, 3.13%, 11/18/2028 |
|
GBP |
2,000 |
|
|
|
2,377 |
|
| Intercontinental Exchange, Inc., |
|
|
|
|
|
|
|
|
| 5.20%, 06/15/2062 |
|
|
20 |
|
|
|
20 |
|
| 5.25%, 06/15/2031 |
|
|
1,175 |
|
|
|
1,232 |
|
| Jefferies Financial Group, Inc., |
|
|
|
|
|
|
|
|
| 2.63%, 10/15/2031 |
|
|
1,250 |
|
|
|
1,084 |
|
| 2.75%, 10/15/2032 |
|
|
1,420 |
|
|
|
1,210 |
|
| 5.88%, 07/21/2028 |
|
|
405 |
|
|
|
422 |
|
| Jyske Realkredit A/S, (Denmark), Series CCB, Reg. S, 1.00%, 04/01/2026 |
|
DKK |
400 |
|
|
|
59 |
|
| La Banque Postale Home Loan SFH SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.00%, 01/31/2031 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.13%, 01/29/2034 |
|
EUR |
100 |
|
|
|
115 |
|
| Lansforsakringar Hypotek AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 05/31/2027 |
|
EUR |
100 |
|
|
|
108 |
|
| Series 519, Reg. S, 1.50%, 09/16/2026 |
|
SEK |
900 |
|
|
|
88 |
|
| Series 520, Reg. S, 1.00%, 09/15/2027 |
|
SEK |
1,000 |
|
|
|
95 |
|
| Series 521, Reg. S, 0.50%, 09/20/2028 |
|
SEK |
2,200 |
|
|
|
202 |
|
| London Stock Exchange Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 04/06/2030 |
|
GBP |
2,000 |
|
|
|
2,309 |
|
| Reg. S, 1.75%, 12/06/2027 |
|
EUR |
800 |
|
|
|
865 |
|
| LPL Holdings, Inc., 6.75%, 11/17/2028 |
|
|
350 |
|
|
|
376 |
|
| Lseg Netherlands BV, (Netherlands), Reg. S, 0.75%, 04/06/2033 |
|
EUR |
1,000 |
|
|
|
914 |
|
| Mastercard, Inc., |
|
|
|
|
|
|
|
|
| 2.10%, 12/01/2027 |
|
EUR |
1,825 |
|
|
|
2,007 |
|
| 2.95%, 06/01/2029 |
|
|
20 |
|
|
|
19 |
|
| 3.35%, 03/26/2030 |
|
|
24 |
|
|
|
23 |
|
| 3.85%, 03/26/2050 |
|
|
20 |
|
|
|
17 |
|
| 4.55%, 01/15/2035 |
|
|
90 |
|
|
|
91 |
|
| Nasdaq, Inc., 5.35%, 06/28/2028 |
|
|
10 |
|
|
|
10 |
|
| Nomura Holdings, Inc., (Japan), |
|
|
|
|
|
|
|
|
| 1.85%, 07/16/2025 |
|
|
1,755 |
|
|
|
1,715 |
|
| 2.17%, 07/14/2028 |
|
|
1,500 |
|
|
|
1,373 |
|
| 2.61%, 07/14/2031 |
|
|
730 |
|
|
|
634 |
|
| 3.00%, 01/22/2032 |
|
|
320 |
|
|
|
282 |
|
| 6.07%, 07/12/2028 |
|
|
1,625 |
|
|
|
1,710 |
|
| Nordea Kredit Realkreditaktieselskab, (Denmark), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 04/01/2026 (e) |
|
DKK |
250 |
|
|
|
37 |
|
| 1.00%, 10/01/2026 |
|
DKK |
500 |
|
|
|
73 |
|
| Reg. S, 1.00%, 10/01/2027 (e) |
|
DKK |
200 |
|
|
|
29 |
|
| Series Cc2, Reg. S, 1.00%, 04/01/2029 (e) |
|
DKK |
300 |
|
|
|
42 |
|
| Series CC2, Reg. S, 1.00%, 04/01/2027 (e) |
|
DKK |
500 |
|
|
|
72 |
|
| Series CC2, Reg. S, 1.00%, 10/01/2028 (e) |
|
DKK |
300 |
|
|
|
43 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| Nuveen LLC, 5.55%, 01/15/2030 (e) |
|
|
190 |
|
|
|
199 |
|
| OSB Group plc, (United Kingdom), Reg. S, (UK Gilts 1 Year + 4.99%), 9.50%, 09/07/2028 (aa) |
|
GBP |
3,400 |
|
|
|
4,939 |
|
| Private Export Funding Corp., Series PP, 1.40%, 07/15/2028 |
|
|
775 |
|
|
|
712 |
|
| Prs Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 08/24/2034 |
|
GBP |
200 |
|
|
|
204 |
|
| Reg. S, 1.75%, 11/24/2026 |
|
GBP |
178 |
|
|
|
226 |
|
| Reg. S, 2.00%, 01/23/2029 |
|
GBP |
500 |
|
|
|
610 |
|
| Radian Group, Inc., 6.20%, 05/15/2029 |
|
|
40 |
|
|
|
42 |
|
| Realkredit Danmark A/S, (Denmark), |
|
|
|
|
|
|
|
|
| Series 10F, Reg. S, 1.00%, 01/01/2026 (e) |
|
DKK |
1,000 |
|
|
|
147 |
|
| Series 10f, Reg. S, 1.00%, 04/01/2026 |
|
DKK |
500 |
|
|
|
73 |
|
| Series 22S, Reg. S, 0.00%, 10/01/2040 (e) |
|
DKK |
39 |
|
|
|
5 |
|
| Saltaire Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.81%, 03/14/2053 |
|
GBP |
100 |
|
|
|
132 |
|
| Reg. S, 4.82%, 12/01/2033 |
|
GBP |
100 |
|
|
|
137 |
|
| Societe Generale SFH SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 01/28/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 1.75%, 05/05/2034 |
|
EUR |
200 |
|
|
|
203 |
|
| Sparebanken Vest Boligkreditt A/S, (Norway), |
|
|
|
|
|
|
|
|
| Reg. S, 2.50%, 09/22/2027 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 3.00%, 07/31/2029 |
|
EUR |
100 |
|
|
|
114 |
|
| Swedbank Hypotek AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 02/05/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Series 196, Reg. S, 1.00%, 03/18/2026 |
|
SEK |
1,000 |
|
|
|
97 |
|
| Series 197, Reg. S, 1.00%, 03/17/2027 |
|
SEK |
700 |
|
|
|
67 |
|
| Series 199, Reg. S, 3.00%, 03/28/2029 |
|
SEK |
2,000 |
|
|
|
202 |
|
| Series 200, Reg. S, 3.00%, 12/27/2029 |
|
SEK |
1,500 |
|
|
|
152 |
|
| THFC Funding No. 1 plc, (United Kingdom), Reg. S, 5.13%, 12/21/2035 |
|
GBP |
1,370 |
|
|
|
1,842 |
|
| TP ICAP Finance plc, (United Kingdom), Reg. S, 5.25%, 05/29/2026 |
|
GBP |
2,000 |
|
|
|
2,661 |
|
| Visa, Inc., |
|
|
|
|
|
|
|
|
| 2.00%, 06/15/2029 |
|
EUR |
4,100 |
|
|
|
4,440 |
|
| 2.70%, 04/15/2040 |
|
|
10 |
|
|
|
8 |
|
| 3.65%, 09/15/2047 |
|
|
20 |
|
|
|
16 |
|
| Voya Financial, Inc., 5.00%, 09/20/2034 |
|
|
170 |
|
|
|
169 |
|
| Wellcome Trust Finance plc, (United Kingdom), Reg. S, 4.63%, 07/25/2036 |
|
GBP |
225 |
|
|
|
301 |
|
| Western Union Co. (The), 1.35%, 03/15/2026 |
|
|
510 |
|
|
|
487 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59,818 |
|
|
|
|
|
|
|
|
|
|
| Insurance — 1.2% |
|
|
|
|
|
|
|
|
| Aflac, Inc., |
|
|
|
|
|
|
|
|
| 3.60%, 04/01/2030 |
|
|
40 |
|
|
|
38 |
|
| 4.75%, 01/15/2049 |
|
|
20 |
|
|
|
19 |
|
| AIA Group Ltd., (Hong Kong), Reg. S, (EUR Swap Rate 5 Year + 1.10%), 0.88%, 09/09/2033 (aa) |
|
EUR |
1,800 |
|
|
|
1,797 |
|
| Alleghany Corp., |
|
|
|
|
|
|
|
|
| 3.25%, 08/15/2051 |
|
|
15 |
|
|
|
11 |
|
| 3.63%, 05/15/2030 |
|
|
5 |
|
|
|
5 |
|
| Allianz Finance II BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 11/22/2033 |
|
EUR |
200 |
|
|
|
180 |
|
| Series 62, Reg. S, 4.50%, 03/13/2043 |
|
GBP |
1,500 |
|
|
|
1,886 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| Allianz SE, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.55%), 4.25%, 07/05/2052 (aa) |
|
EUR |
2,600 |
|
|
|
2,966 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.65%), 5.82%, 07/25/2053 (aa) |
|
EUR |
1,900 |
|
|
|
2,388 |
|
| Allstate Corp. (The), 5.05%, 06/24/2029 |
|
|
40 |
|
|
|
41 |
|
| American International Group, Inc., 1.88%, 06/21/2027 |
|
EUR |
1,000 |
|
|
|
1,084 |
|
| Argentum Netherlands BV for Zurich Insurance Co. Ltd., (Netherlands), Reg. S, (ICE LIBOR EUR 3 Month + 3.20%), 2.75%, 02/19/2049 (aa) |
|
EUR |
500 |
|
|
|
540 |
|
| Arthur J Gallagher & Co., |
|
|
|
|
|
|
|
|
| 3.05%, 03/09/2052 |
|
|
20 |
|
|
|
13 |
|
| 3.50%, 05/20/2051 |
|
|
5 |
|
|
|
4 |
|
| ASR Nederland NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 4.00%), 3.38%, 05/02/2049 (aa) |
|
EUR |
1,000 |
|
|
|
1,080 |
|
| Reg. S, (EUR Swap Rate 5 Year + 5.20%), 5.13%, 09/29/2045 (aa) |
|
EUR |
1,000 |
|
|
|
1,126 |
|
| Assurant, Inc., |
|
|
|
|
|
|
|
|
| 2.65%, 01/15/2032 |
|
|
26 |
|
|
|
22 |
|
| 3.70%, 02/22/2030 |
|
|
30 |
|
|
|
29 |
|
| 4.90%, 03/27/2028 |
|
|
7 |
|
|
|
7 |
|
| Athene Holding Ltd., |
|
|
|
|
|
|
|
|
| 3.45%, 05/15/2052 |
|
|
8 |
|
|
|
5 |
|
| 3.95%, 05/25/2051 |
|
|
5 |
|
|
|
4 |
|
| Aviva plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.88%, 11/13/2027 |
|
EUR |
500 |
|
|
|
543 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.55%), 3.38%, 12/04/2045 (aa) |
|
EUR |
1,000 |
|
|
|
1,107 |
|
| Reg. S, (UK Gilts 5 Year + 4.70%), 4.00%, 06/03/2055 (aa) |
|
GBP |
825 |
|
|
|
920 |
|
| Reg. S, (UK Gilts 5 Year + 2.85%), 6.13%, 11/14/2036 (aa) |
|
GBP |
430 |
|
|
|
588 |
|
| Reg. S, (UK Gilts 5 Year + 3.30%), 6.13%, 09/12/2054 (aa) |
|
GBP |
1,800 |
|
|
|
2,393 |
|
| AXA SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.75%), 3.38%, 07/06/2047 (aa) |
|
EUR |
1,900 |
|
|
|
2,114 |
|
| Reg. S, (EUR Swap Rate 11 Year + 3.25%), 3.88%, 10/08/2025 (x) (aa) |
|
EUR |
5,000 |
|
|
|
5,562 |
|
| Berkshire Hathaway Finance Corp., |
|
|
|
|
|
|
|
|
| 1.50%, 03/18/2030 |
|
EUR |
2,200 |
|
|
|
2,297 |
|
| 2.38%, 06/19/2039 |
|
GBP |
825 |
|
|
|
798 |
|
| 2.85%, 10/15/2050 |
|
|
5 |
|
|
|
3 |
|
| 3.85%, 03/15/2052 |
|
|
45 |
|
|
|
38 |
|
| 4.20%, 08/15/2048 |
|
|
5 |
|
|
|
4 |
|
| Berkshire Hathaway, Inc., 2.15%, 03/15/2028 |
|
EUR |
1,000 |
|
|
|
1,095 |
|
| BNP Paribas Cardif SA, (France), Reg. S, (ICE LIBOR EUR 3 Month + 3.93%), 4.03%, 11/25/2025 (x) (aa) |
|
EUR |
6,000 |
|
|
|
6,665 |
|
| Brown & Brown, Inc., |
|
|
|
|
|
|
|
|
| 2.38%, 03/15/2031 |
|
|
69 |
|
|
|
59 |
|
| 4.20%, 03/17/2032 |
|
|
8 |
|
|
|
8 |
|
| 4.95%, 03/17/2052 |
|
|
30 |
|
|
|
27 |
|
| 5.65%, 06/11/2034 |
|
|
80 |
|
|
|
84 |
|
| BUPA Finance plc, (United Kingdom), Reg. S, 5.00%, 10/12/2030 |
|
EUR |
1,700 |
|
|
|
2,038 |
|
| Caisse Nationale de Reassurance Mutuelle Agricole Groupama, (France), Reg. S, 0.75%, 07/07/2028 |
|
EUR |
4,900 |
|
|
|
4,941 |
|
| Chubb INA Holdings LLC, |
|
|
|
|
|
|
|
|
| 0.88%, 12/15/2029 |
|
EUR |
1,000 |
|
|
|
1,004 |
|
| 1.55%, 03/15/2028 |
|
EUR |
3,000 |
|
|
|
3,193 |
|
| 5.00%, 03/15/2034 |
|
|
505 |
|
|
|
524 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| Cloverie PLC for Zurich Insurance Co. Ltd., (Ireland), Reg. S, 1.50%, 12/15/2028 |
|
EUR |
1,000 |
|
|
|
1,059 |
|
| CNA Financial Corp., |
|
|
|
|
|
|
|
|
| 2.05%, 08/15/2030 |
|
|
2,500 |
|
|
|
2,189 |
|
| 5.13%, 02/15/2034 |
|
|
210 |
|
|
|
214 |
|
| CNP Assurances SACA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 03/08/2028 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 1.25%, 01/27/2029 |
|
EUR |
700 |
|
|
|
715 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.70%), 1.88%, 10/12/2053 (aa) |
|
EUR |
300 |
|
|
|
276 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.65%), 2.50%, 06/30/2051 (aa) |
|
EUR |
1,000 |
|
|
|
1,013 |
|
| Corebridge Financial, Inc., 4.35%, 04/05/2042 |
|
|
155 |
|
|
|
137 |
|
| Credit Agricole Assurances SA, (France), Reg. S, 2.00%, 07/17/2030 |
|
EUR |
600 |
|
|
|
608 |
|
| Enstar Group Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| 3.10%, 09/01/2031 |
|
|
131 |
|
|
|
113 |
|
| 4.95%, 06/01/2029 |
|
|
30 |
|
|
|
30 |
|
| Everest Reinsurance Holdings, Inc., 3.50%, 10/15/2050 |
|
|
860 |
|
|
|
624 |
|
| Fairfax Financial Holdings Ltd., (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 03/29/2028 |
|
EUR |
3,000 |
|
|
|
3,290 |
|
| 3.38%, 03/03/2031 |
|
|
2,010 |
|
|
|
1,831 |
|
| 4.85%, 04/17/2028 |
|
|
35 |
|
|
|
35 |
|
| 5.63%, 08/16/2032 |
|
|
1,100 |
|
|
|
1,139 |
|
| 6.00%, 12/07/2033 (e) |
|
|
30 |
|
|
|
32 |
|
| 6.10%, 03/15/2055 (e) |
|
|
31 |
|
|
|
32 |
|
| 6.35%, 03/22/2054 (e) |
|
|
60 |
|
|
|
64 |
|
| Fidelity National Financial, Inc., |
|
|
|
|
|
|
|
|
| 2.45%, 03/15/2031 |
|
|
210 |
|
|
|
182 |
|
| 3.20%, 09/17/2051 |
|
|
20 |
|
|
|
14 |
|
| 3.40%, 06/15/2030 |
|
|
10 |
|
|
|
9 |
|
| 4.50%, 08/15/2028 |
|
|
10 |
|
|
|
10 |
|
| Generali, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 1.71%, 06/30/2032 |
|
EUR |
100 |
|
|
|
96 |
|
| Reg. S, 2.43%, 07/14/2031 |
|
EUR |
1,000 |
|
|
|
1,029 |
|
| Reg. S, 4.13%, 05/04/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.50%), 4.60%, 11/21/2025 (x) (aa) |
|
EUR |
770 |
|
|
|
860 |
|
| Groupe des Assurances du Credit Mutuel SADIR, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.65%), 1.85%, 04/21/2042 (aa) |
|
EUR |
2,200 |
|
|
|
2,053 |
|
| Reg. S, 3.75%, 04/30/2029 |
|
EUR |
2,200 |
|
|
|
2,496 |
|
| Hannover Rueck SE, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 2.38%), 1.13%, 10/09/2039 (aa) |
|
EUR |
1,000 |
|
|
|
993 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.75%), 5.88%, 08/26/2043 (aa) |
|
EUR |
1,200 |
|
|
|
1,519 |
|
| Jackson Financial, Inc., 4.00%, 11/23/2051 |
|
|
5 |
|
|
|
4 |
|
| Just Group plc, (United Kingdom), Reg. S, 6.88%, 03/30/2035 |
|
GBP |
1,750 |
|
|
|
2,339 |
|
| Legal & General Finance plc, (United Kingdom), Reg. S, 5.88%, 04/05/2033 |
|
GBP |
425 |
|
|
|
603 |
|
| Legal & General Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (UK Gilts 5 Year + 5.25%), 4.50%, 11/01/2050 (aa) |
|
GBP |
825 |
|
|
|
1,028 |
|
| Reg. S, (UK Gilts 5 Year + 4.65%), 5.13%, 11/14/2048 (aa) |
|
GBP |
600 |
|
|
|
794 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| Liberty Mutual Group, Inc., |
|
|
|
|
|
|
|
|
| 3.95%, 10/15/2050 (e) |
|
|
875 |
|
|
|
684 |
|
| 5.50%, 06/15/2052 (e) |
|
|
450 |
|
|
|
442 |
|
| M&G plc, (United Kingdom), Reg. S, (UK Gilts 5 Year + 4.16%), 5.56%, 07/20/2055 (aa) |
|
GBP |
825 |
|
|
|
1,025 |
|
| Markel Group, Inc., |
|
|
|
|
|
|
|
|
| 3.45%, 05/07/2052 |
|
|
1,000 |
|
|
|
707 |
|
| 6.00%, 05/16/2054 |
|
|
190 |
|
|
|
202 |
|
| Marsh & McLennan Cos., Inc., |
|
|
|
|
|
|
|
|
| 1.98%, 03/21/2030 |
|
EUR |
5,050 |
|
|
|
5,341 |
|
| 2.90%, 12/15/2051 |
|
|
90 |
|
|
|
61 |
|
| 4.20%, 03/01/2048 |
|
|
40 |
|
|
|
35 |
|
| 5.45%, 03/15/2053 |
|
|
5 |
|
|
|
5 |
|
| Metropolitan Life Global Funding I, |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 05/25/2029 |
|
EUR |
500 |
|
|
|
500 |
|
| Reg. S, 0.55%, 06/16/2027 |
|
EUR |
1,475 |
|
|
|
1,552 |
|
| Reg. S, 0.63%, 12/08/2027 |
|
GBP |
1,000 |
|
|
|
1,182 |
|
| Reg. S, 1.63%, 10/12/2028 |
|
GBP |
1,000 |
|
|
|
1,199 |
|
| Reg. S, 1.63%, 09/21/2029 |
|
GBP |
2,125 |
|
|
|
2,480 |
|
| MGIC Investment Corp., 5.25%, 08/15/2028 |
|
|
26 |
|
|
|
26 |
|
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen, (Germany), Reg. S, (ICE LIBOR EUR 3 Month + 2.60%), 4.25%, 05/26/2044 (aa) |
|
EUR |
7,600 |
|
|
|
8,616 |
|
| Mutuelle Assurance Des Commercants et Industriels de France et Des Cadres et Sal, (France), Reg. S, 0.63%, 06/21/2027 |
|
EUR |
1,900 |
|
|
|
1,972 |
|
| New York Life Global Funding, Reg. S, 3.63%, 01/09/2030 |
|
EUR |
9,625 |
|
|
|
11,104 |
|
| NN Group NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.00%), 4.50%, 01/15/2026 (x) (aa) |
|
EUR |
1,350 |
|
|
|
1,510 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.00%), 6.00%, 11/03/2043 (aa) |
|
EUR |
6,600 |
|
|
|
8,160 |
|
| Old Republic International Corp., 3.85%, 06/11/2051 |
|
|
15 |
|
|
|
11 |
|
| Pension Insurance Corp. plc, (United Kingdom), Reg. S, 5.63%, 09/20/2030 |
|
GBP |
1,121 |
|
|
|
1,458 |
|
| Phoenix Group Holdings plc, (United Kingdom), Reg. S, 6.63%, 12/18/2025 |
|
GBP |
425 |
|
|
|
574 |
|
| Primerica, Inc., 2.80%, 11/19/2031 |
|
|
35 |
|
|
|
31 |
|
| Progressive Corp. (The), |
|
|
|
|
|
|
|
|
| 3.70%, 03/15/2052 |
|
|
20 |
|
|
|
16 |
|
| 3.95%, 03/26/2050 |
|
|
4 |
|
|
|
3 |
|
| Prudential Funding Asia plc, (United Kingdom), 5.88%, 05/11/2029 |
|
GBP |
1,500 |
|
|
|
2,087 |
|
| Reinsurance Group of America, Inc., 5.75%, 09/15/2034 |
|
|
87 |
|
|
|
92 |
|
| RenaissanceRe Holdings Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| 3.60%, 04/15/2029 |
|
|
50 |
|
|
|
48 |
|
| 5.75%, 06/05/2033 |
|
|
52 |
|
|
|
55 |
|
| Rothesay Life plc, (United Kingdom), Reg. S, 7.02%, 12/10/2034 |
|
GBP |
3,325 |
|
|
|
4,593 |
|
| Sampo OYJ, (Finland), Reg. S, 2.25%, 09/27/2030 |
|
EUR |
1,000 |
|
|
|
1,071 |
|
| SCOR SE, (France), Reg. S, (EUR Swap Rate 10 Year + 3.25%), 3.00%, 06/08/2046 (aa) |
|
EUR |
3,600 |
|
|
|
3,943 |
|
| Sogecap SA, (France), Reg. S, (EUR Swap Rate 5 Year + 4.15%), 4.13%, 02/18/2026 (x) (aa) |
|
EUR |
1,700 |
|
|
|
1,890 |
|
| Talanx AG, (Germany), Reg. S, 4.00%, 10/25/2029 |
|
EUR |
7,800 |
|
|
|
9,087 |
|
| Travelers Cos., Inc. (The), 5.45%, 05/25/2053 |
|
|
20 |
|
|
|
21 |
|
| UNIQA Insurance Group AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 07/09/2030 |
|
EUR |
500 |
|
|
|
504 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.35%), 2.38%, 12/09/2041 (aa) |
|
EUR |
500 |
|
|
|
483 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 5.82%), 6.00%, 07/27/2046 (aa) |
|
EUR |
500 |
|
|
|
574 |
|
| Unum Group, |
|
|
|
|
|
|
|
|
| 4.00%, 06/15/2029 |
|
|
1,764 |
|
|
|
1,728 |
|
| 4.13%, 06/15/2051 |
|
|
904 |
|
|
|
712 |
|
| 5.75%, 08/15/2042 |
|
|
5 |
|
|
|
5 |
|
| 6.00%, 06/15/2054 |
|
|
755 |
|
|
|
785 |
|
| W R Berkley Corp., 4.00%, 05/12/2050 |
|
|
700 |
|
|
|
573 |
|
| Willis North America, Inc., |
|
|
|
|
|
|
|
|
| 4.65%, 06/15/2027 |
|
|
30 |
|
|
|
30 |
|
| 5.35%, 05/15/2033 |
|
|
20 |
|
|
|
21 |
|
| 5.90%, 03/05/2054 |
|
|
70 |
|
|
|
73 |
|
| Zurich Finance Ireland Designated Activity Co., (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 06/17/2039 |
|
EUR |
500 |
|
|
|
436 |
|
| Reg. S, (UK Gilts 5 Year + 4.10%), 5.13%, 11/23/2052 (aa) |
|
GBP |
5,625 |
|
|
|
7,296 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
161,897 |
|
|
|
|
|
|
|
|
|
|
| Investment Companies — 0.2% |
|
|
|
|
|
|
|
|
| Apollo Debt Solutions BDC, 6.90%, 04/13/2029 (e) |
|
|
35 |
|
|
|
36 |
|
| Ares Capital Corp., |
|
|
|
|
|
|
|
|
| 2.15%, 07/15/2026 |
|
|
6 |
|
|
|
6 |
|
| 5.95%, 07/15/2029 |
|
|
40 |
|
|
|
41 |
|
| 7.00%, 01/15/2027 |
|
|
50 |
|
|
|
52 |
|
| Blackstone Private Credit Fund, 3.25%, 03/15/2027 |
|
|
25 |
|
|
|
24 |
|
| Blackstone Secured Lending Fund, 2.85%, 09/30/2028 |
|
|
13 |
|
|
|
12 |
|
| Blue Owl Capital Corp., 2.88%, 06/11/2028 |
|
|
45 |
|
|
|
41 |
|
| CDP Reti SpA, (Italy), Reg. S, 5.88%, 10/25/2027 |
|
EUR |
500 |
|
|
|
597 |
|
| EXOR NV, (Netherlands), Reg. S, 3.75%, 02/14/2033 |
|
EUR |
7,725 |
|
|
|
8,651 |
|
| FS KKR Capital Corp., |
|
|
|
|
|
|
|
|
| 2.63%, 01/15/2027 |
|
|
35 |
|
|
|
33 |
|
| 3.13%, 10/12/2028 |
|
|
140 |
|
|
|
127 |
|
| 7.88%, 01/15/2029 |
|
|
60 |
|
|
|
65 |
|
| Golub Capital BDC, Inc., |
|
|
|
|
|
|
|
|
| 2.50%, 08/24/2026 |
|
|
5 |
|
|
|
5 |
|
| 6.00%, 07/15/2029 |
|
|
45 |
|
|
|
45 |
|
| Investor AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 10/29/2035 |
|
EUR |
425 |
|
|
|
346 |
|
| Reg. S, 1.50%, 09/12/2030 |
|
EUR |
700 |
|
|
|
726 |
|
| Reg. S, 2.75%, 06/10/2032 |
|
EUR |
10,400 |
|
|
|
11,293 |
|
| Main Street Capital Corp., |
|
|
|
|
|
|
|
|
| 3.00%, 07/14/2026 |
|
|
45 |
|
|
|
43 |
|
| 6.95%, 03/01/2029 |
|
|
55 |
|
|
|
58 |
|
| MDGH GMTN RSC Ltd., (United Arab Emirates), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 03/10/2027 |
|
EUR |
1,000 |
|
|
|
1,039 |
|
| Reg. S, 1.00%, 03/10/2034 |
|
EUR |
600 |
|
|
|
533 |
|
| New Mountain Finance Corp., 6.88%, 02/01/2029 |
|
|
20 |
|
|
|
20 |
|
| Sixth Street Specialty Lending, Inc., 6.13%, 03/01/2029 |
|
|
15 |
|
|
|
15 |
|
| Temasek Financial I Ltd., (Singapore), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 03/01/2028 |
|
EUR |
4,700 |
|
|
|
5,017 |
|
| Reg. S, 3.25%, 02/15/2027 |
|
EUR |
1,500 |
|
|
|
1,691 |
|
| Wendel SE, (France), Reg. S, 1.00%, 06/01/2031 |
|
EUR |
2,600 |
|
|
|
2,510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,026 |
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Private Equity — 0.1% |
|
|
|
|
|
|
|
|
| 3i Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.88%, 06/14/2029 |
|
EUR |
4,925 |
|
|
|
5,820 |
|
| Reg. S, 5.75%, 12/03/2032 |
|
GBP |
350 |
|
|
|
488 |
|
| Brookfield Finance LLC / Brookfield Finance, Inc., 3.45%, 04/15/2050 |
|
|
3 |
|
|
|
2 |
|
| Brookfield Finance, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 5.68%, 01/15/2035 |
|
|
70 |
|
|
|
73 |
|
| 5.97%, 03/04/2054 |
|
|
42 |
|
|
|
46 |
|
| Intermediate Capital Group plc, (United Kingdom), Reg. S, 1.63%, 02/17/2027 |
|
EUR |
1,000 |
|
|
|
1,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,493 |
|
|
|
|
|
|
|
|
|
|
| Real Estate — 0.8% |
|
|
|
|
|
|
|
|
| Affinity Sutton Capital Markets plc, (United Kingdom), Reg. S, 5.98%, 09/17/2038 |
|
GBP |
1,000 |
|
|
|
1,428 |
|
| Akelius Residential Property Financing BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 01/17/2028 |
|
EUR |
1,000 |
|
|
|
1,020 |
|
| Reg. S, 1.13%, 01/11/2029 |
|
EUR |
4,500 |
|
|
|
4,489 |
|
| Aroundtown SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 07/16/2026 |
|
EUR |
3,800 |
|
|
|
3,958 |
|
| Reg. S, 1.45%, 07/09/2028 |
|
EUR |
6,500 |
|
|
|
6,564 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.42%), 1.63%, 04/15/2026 (x) (aa) |
|
EUR |
3,000 |
|
|
|
2,746 |
|
| Reg. S, 3.00%, 10/16/2029 |
|
GBP |
4,650 |
|
|
|
5,330 |
|
| Reg. S, 4.80%, 07/16/2029 |
|
EUR |
900 |
|
|
|
1,015 |
|
| Balder Finland OYJ, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 01/18/2027 |
|
EUR |
2,000 |
|
|
|
2,108 |
|
| Reg. S, 2.00%, 01/18/2031 |
|
EUR |
7,400 |
|
|
|
7,214 |
|
| Blackstone Property Partners Europe Holdings Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 04/20/2030 |
|
EUR |
1,000 |
|
|
|
986 |
|
| Reg. S, 1.75%, 03/12/2029 |
|
EUR |
2,500 |
|
|
|
2,557 |
|
| Reg. S, 2.63%, 10/20/2028 |
|
GBP |
1,075 |
|
|
|
1,290 |
|
| Broadgate Financing plc, (United Kingdom), Series A4, Reg. S, 4.82%, 07/05/2033 |
|
GBP |
50 |
|
|
|
67 |
|
| CBRE Services, Inc., 5.95%, 08/15/2034 |
|
|
92 |
|
|
|
99 |
|
| Citycon Treasury BV, (Netherlands), Reg. S, 6.50%, 03/08/2029 |
|
EUR |
2,150 |
|
|
|
2,531 |
|
| Clarion Funding plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 11/13/2032 |
|
GBP |
1,000 |
|
|
|
1,008 |
|
| Reg. S, 1.88%, 09/07/2051 |
|
GBP |
500 |
|
|
|
334 |
|
| Reg. S, 2.63%, 01/18/2029 |
|
GBP |
200 |
|
|
|
244 |
|
| CTP NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 01/20/2026 |
|
EUR |
558 |
|
|
|
601 |
|
| Reg. S, 1.50%, 09/27/2031 |
|
EUR |
9,850 |
|
|
|
9,336 |
|
| Reg. S, 4.75%, 02/05/2030 |
|
EUR |
225 |
|
|
|
260 |
|
| Deutsche Wohnen SE, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 04/07/2031 |
|
EUR |
500 |
|
|
|
459 |
|
| Reg. S, 1.50%, 04/30/2030 |
|
EUR |
900 |
|
|
|
907 |
|
| Fastighets AB Balder, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 01/29/2027 |
|
EUR |
4,000 |
|
|
|
4,215 |
|
| Reg. S, 1.88%, 01/23/2026 |
|
EUR |
2,000 |
|
|
|
2,179 |
|
| Heimstaden Bostad AB, (Sweden), Reg. S, 1.13%, 01/21/2026 |
|
EUR |
1,200 |
|
|
|
1,277 |
|
| Heimstaden Bostad Treasury BV, (Netherlands), 1.38%, 03/03/2027 |
|
EUR |
600 |
|
|
|
618 |
|
| Hexagon Housing Association Ltd., (United Kingdom), Reg. S, 3.63%, 04/22/2048 |
|
GBP |
1,000 |
|
|
|
950 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Real Estate — continued |
|
|
|
|
|
|
|
|
| HOWOGE Wohnungsbaugesellschaft mbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 11/01/2028 |
|
EUR |
400 |
|
|
|
403 |
|
| Reg. S, 1.13%, 11/01/2033 |
|
EUR |
100 |
|
|
|
91 |
|
| Logicor 2019-1 UK plc, (United Kingdom), Reg. S, 1.88%, 11/17/2026 |
|
GBP |
825 |
|
|
|
1,040 |
|
| Logicor Financing Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 01/14/2031 |
|
EUR |
400 |
|
|
|
370 |
|
| Reg. S, 1.50%, 07/13/2026 |
|
EUR |
1,000 |
|
|
|
1,077 |
|
| Reg. S, 1.63%, 07/15/2027 |
|
EUR |
2,500 |
|
|
|
2,657 |
|
| Reg. S, 1.63%, 01/17/2030 |
|
EUR |
200 |
|
|
|
198 |
|
| Reg. S, 2.00%, 01/17/2034 |
|
EUR |
100 |
|
|
|
94 |
|
| London & Quadrant Housing Trust, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 03/31/2032 |
|
GBP |
1,000 |
|
|
|
1,084 |
|
| Reg. S, 2.00%, 10/20/2038 |
|
GBP |
425 |
|
|
|
382 |
|
| Reg. S, 2.63%, 02/28/2028 |
|
GBP |
1,225 |
|
|
|
1,525 |
|
| Reg. S, 2.75%, 07/20/2057 |
|
GBP |
425 |
|
|
|
333 |
|
| Reg. S, 3.13%, 02/28/2053 |
|
GBP |
500 |
|
|
|
442 |
|
| Meadowhall Finance plc, (United Kingdom), Series A1, Reg. S, 4.99%, 01/12/2032 |
|
GBP |
23 |
|
|
|
30 |
|
| NE Property BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 11/23/2024 |
|
EUR |
500 |
|
|
|
554 |
|
| Reg. S, 1.88%, 10/09/2026 |
|
EUR |
1,000 |
|
|
|
1,071 |
|
| Reg. S, 2.00%, 01/20/2030 |
|
EUR |
500 |
|
|
|
503 |
|
| Reg. S, 3.38%, 07/14/2027 |
|
EUR |
500 |
|
|
|
552 |
|
| Notting Hill Genesis, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 10/12/2048 |
|
GBP |
1,000 |
|
|
|
941 |
|
| Reg. S, 4.38%, 02/20/2054 |
|
GBP |
500 |
|
|
|
559 |
|
| Reg. S, 5.25%, 07/07/2042 |
|
GBP |
1,000 |
|
|
|
1,289 |
|
| Ontario Teachers’ Cadillac Fairview Properties Trust, (Canada), |
|
|
|
|
|
|
|
|
| 2.50%, 10/15/2031 (e) |
|
|
580 |
|
|
|
498 |
|
| 4.13%, 02/01/2029 (e) |
|
|
2,100 |
|
|
|
2,062 |
|
| Optivo Finance plc, (United Kingdom), Reg. S, 5.25%, 03/13/2043 |
|
GBP |
1,000 |
|
|
|
1,277 |
|
| Orbit Capital plc, (United Kingdom), Reg. S, 3.38%, 06/14/2048 |
|
GBP |
1,325 |
|
|
|
1,277 |
|
| P3 Group Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 01/26/2026 |
|
EUR |
490 |
|
|
|
528 |
|
| Reg. S, 1.63%, 01/26/2029 |
|
EUR |
2,300 |
|
|
|
2,355 |
|
| Reg. S, 4.63%, 02/13/2030 |
|
EUR |
200 |
|
|
|
230 |
|
| Sagax Euro Mtn NL BV, (Netherlands), Reg. S, 1.63%, 02/24/2026 |
|
EUR |
1,000 |
|
|
|
1,087 |
|
| Sinochem Offshore Capital Co. Ltd., (British Virgin Islands), Reg. S, 0.75%, 11/25/2025 |
|
EUR |
1,000 |
|
|
|
1,076 |
|
| Sirius Real Estate Ltd., (Guernsey), Reg. S, 1.75%, 11/24/2028 |
|
EUR |
1,800 |
|
|
|
1,836 |
|
| Southern Housing, (United Kingdom), Reg. S, 5.63%, 10/01/2054 (w) |
|
GBP |
1,125 |
|
|
|
1,484 |
|
| Telereal Securitisation plc, (United Kingdom), Series B4, 6.16%, 12/10/2031 |
|
GBP |
39 |
|
|
|
53 |
|
| Tesco Property Finance 1 plc, (United Kingdom), Reg. S, 7.62%, 07/13/2039 |
|
GBP |
76 |
|
|
|
115 |
|
| Trafford Centre Finance Ltd. (The), (Cayman Islands), Series A2, Reg. S, 6.50%, 07/28/2033 |
|
GBP |
30 |
|
|
|
41 |
|
| VGP NV, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 01/17/2027 |
|
EUR |
1,300 |
|
|
|
1,372 |
|
| Reg. S, 2.25%, 01/17/2030 |
|
EUR |
700 |
|
|
|
698 |
|
| Vonovia SE, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 07/09/2026 |
|
EUR |
300 |
|
|
|
320 |
|
| Reg. S, 1.00%, 01/28/2041 |
|
EUR |
1,100 |
|
|
|
772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98,066 |
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| REITS - 0.6% |
|
|
|
|
|
|
|
|
| Aedifica SA, (Belgium), Reg. S, 0.75%, 09/09/2031 |
|
EUR |
1,200 |
|
|
|
1,103 |
|
| Alexandria Real Estate Equities, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 05/15/2036 |
|
|
345 |
|
|
|
350 |
|
| 5.63%, 05/15/2054 |
|
|
1,240 |
|
|
|
1,268 |
|
| Altarea SCA, (France), Reg. S, 1.75%, 01/16/2030 |
|
EUR |
400 |
|
|
|
377 |
|
| American Tower Corp., |
|
|
|
|
|
|
|
|
| 1.95%, 05/22/2026 |
|
EUR |
1,000 |
|
|
|
1,097 |
|
| 3.80%, 08/15/2029 |
|
|
627 |
|
|
|
610 |
|
| 5.20%, 02/15/2029 |
|
|
55 |
|
|
|
57 |
|
| 5.80%, 11/15/2028 |
|
|
30 |
|
|
|
31 |
|
| AvalonBay Communities, Inc., 5.35%, 06/01/2034 |
|
|
75 |
|
|
|
78 |
|
| Brixmor Operating Partnership LP, |
|
|
|
|
|
|
|
|
| 4.05%, 07/01/2030 |
|
|
1,175 |
|
|
|
1,141 |
|
| 4.13%, 06/15/2026 |
|
|
2,300 |
|
|
|
2,287 |
|
| 4.13%, 05/15/2029 |
|
|
940 |
|
|
|
920 |
|
| Crown Castle, Inc., |
|
|
|
|
|
|
|
|
| 5.60%, 06/01/2029 |
|
|
60 |
|
|
|
63 |
|
| 5.80%, 03/01/2034 |
|
|
10 |
|
|
|
10 |
|
| Digital Dutch Finco BV, (Netherlands), Reg. S, 1.50%, 03/15/2030 |
|
EUR |
2,500 |
|
|
|
2,512 |
|
| Digital Realty Trust LP, |
|
|
|
|
|
|
|
|
| 3.70%, 08/15/2027 |
|
|
43 |
|
|
|
42 |
|
| 5.55%, 01/15/2028 |
|
|
4 |
|
|
|
4 |
|
| Equinix, Inc., |
|
|
|
|
|
|
|
|
| 1.00%, 09/15/2025 |
|
|
50 |
|
|
|
48 |
|
| 1.00%, 03/15/2033 |
|
EUR |
800 |
|
|
|
734 |
|
| 1.45%, 05/15/2026 |
|
|
20 |
|
|
|
19 |
|
| 2.63%, 11/18/2024 |
|
|
5 |
|
|
|
5 |
|
| 2.90%, 11/18/2026 |
|
|
20 |
|
|
|
20 |
|
| ERP Operating LP, 4.65%, 09/15/2034 |
|
|
50 |
|
|
|
50 |
|
| Extra Space Storage LP, |
|
|
|
|
|
|
|
|
| 3.50%, 07/01/2026 |
|
|
13 |
|
|
|
13 |
|
| 5.35%, 01/15/2035 |
|
|
30 |
|
|
|
31 |
|
| 5.40%, 02/01/2034 |
|
|
15 |
|
|
|
15 |
|
| GLP Capital LP / GLP Financing II, Inc., |
|
|
|
|
|
|
|
|
| 3.25%, 01/15/2032 |
|
|
780 |
|
|
|
690 |
|
| 5.30%, 01/15/2029 |
|
|
400 |
|
|
|
407 |
|
| 5.38%, 04/15/2026 |
|
|
1,500 |
|
|
|
1,506 |
|
| 5.63%, 09/15/2034 |
|
|
60 |
|
|
|
61 |
|
| 6.25%, 09/15/2054 |
|
|
10 |
|
|
|
11 |
|
| Hammerson plc, (United Kingdom), Reg. S, 7.25%, 04/21/2028 |
|
GBP |
1,400 |
|
|
|
1,995 |
|
| Healthcare Realty Holdings LP, 2.00%, 03/15/2031 |
|
|
80 |
|
|
|
67 |
|
| Healthpeak OP LLC, 3.00%, 01/15/2030 |
|
|
1,400 |
|
|
|
1,304 |
|
| Host Hotels & Resorts LP, |
|
|
|
|
|
|
|
|
| 5.50%, 04/15/2035 |
|
|
70 |
|
|
|
71 |
|
| 5.70%, 07/01/2034 |
|
|
460 |
|
|
|
474 |
|
| Series J, 2.90%, 12/15/2031 |
|
|
415 |
|
|
|
365 |
|
| Invitation Homes Operating Partnership LP, |
|
|
|
|
|
|
|
|
| 2.00%, 08/15/2031 |
|
|
60 |
|
|
|
50 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| REITS — continued |
|
|
|
|
|
|
|
|
| 4.88%, 02/01/2035 |
|
|
810 |
|
|
|
799 |
|
| 5.45%, 08/15/2030 |
|
|
10 |
|
|
|
10 |
|
| Kimco Realty OP LLC, |
|
|
|
|
|
|
|
|
| 2.70%, 10/01/2030 |
|
|
1,900 |
|
|
|
1,725 |
|
| 4.85%, 03/01/2035 |
|
|
700 |
|
|
|
695 |
|
| Klepierre SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 12/13/2032 |
|
EUR |
1,000 |
|
|
|
986 |
|
| Reg. S, 2.00%, 05/12/2029 |
|
EUR |
1,000 |
|
|
|
1,065 |
|
| Land Securities Capital Markets plc, (United Kingdom), Reg. S, 4.63%, 09/23/2034 |
|
GBP |
2,350 |
|
|
|
3,064 |
|
| Mercialys SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.80%, 02/27/2026 |
|
EUR |
1,000 |
|
|
|
1,087 |
|
| Reg. S, 2.50%, 02/28/2029 |
|
EUR |
300 |
|
|
|
320 |
|
| Merlin Properties Socimi SA, (Spain), Reg. S, 2.38%, 07/13/2027 |
|
EUR |
1,000 |
|
|
|
1,094 |
|
| National Health Investors, Inc., 3.00%, 02/01/2031 |
|
|
50 |
|
|
|
44 |
|
| Praemia Healthcare SACA, (France), Reg. S, 5.50%, 09/19/2028 |
|
EUR |
3,600 |
|
|
|
4,258 |
|
| Prologis LP, 2.25%, 06/30/2029 |
|
GBP |
1,600 |
|
|
|
1,924 |
|
| Public Storage Operating Co., 5.35%, 08/01/2053 |
|
|
7 |
|
|
|
7 |
|
| Rayonier LP, 2.75%, 05/17/2031 |
|
|
9 |
|
|
|
8 |
|
| Realty Income Corp., |
|
|
|
|
|
|
|
|
| 1.63%, 12/15/2030 |
|
GBP |
200 |
|
|
|
218 |
|
| 1.75%, 07/13/2033 |
|
GBP |
1,100 |
|
|
|
1,121 |
|
| 3.10%, 12/15/2029 |
|
|
800 |
|
|
|
755 |
|
| 4.75%, 02/15/2029 |
|
|
30 |
|
|
|
31 |
|
| 5.00%, 10/15/2029 |
|
GBP |
2,300 |
|
|
|
3,056 |
|
| 5.25%, 09/04/2041 |
|
GBP |
1,500 |
|
|
|
1,926 |
|
| Sabra Health Care LP, 3.20%, 12/01/2031 |
|
|
90 |
|
|
|
79 |
|
| Scentre Group Trust 1 / Scentre Group Trust 2, (Australia), Reg. S, 1.45%, 03/28/2029 |
|
EUR |
2,000 |
|
|
|
2,067 |
|
| Scentre Group Trust 1, (Australia), Reg. S, 3.88%, 07/16/2026 |
|
GBP |
554 |
|
|
|
727 |
|
| Segro plc, (United Kingdom), Reg. S, 3.50%, 09/24/2032 |
|
EUR |
1,725 |
|
|
|
1,921 |
|
| SELP Finance Sarl, (Luxembourg), Reg. S, 3.75%, 08/10/2027 |
|
EUR |
2,300 |
|
|
|
2,594 |
|
| Simon Property Group LP, |
|
|
|
|
|
|
|
|
| 1.38%, 01/15/2027 |
|
|
10 |
|
|
|
9 |
|
| 2.20%, 02/01/2031 |
|
|
65 |
|
|
|
57 |
|
| 3.25%, 09/13/2049 |
|
|
2 |
|
|
|
2 |
|
| 4.25%, 10/01/2044 |
|
|
2 |
|
|
|
2 |
|
| 4.25%, 11/30/2046 |
|
|
3 |
|
|
|
3 |
|
| 5.85%, 03/08/2053 |
|
|
45 |
|
|
|
48 |
|
| 6.65%, 01/15/2054 |
|
|
12 |
|
|
|
14 |
|
| Sun Communities Operating LP, |
|
|
|
|
|
|
|
|
| 2.30%, 11/01/2028 |
|
|
2,660 |
|
|
|
2,426 |
|
| 2.70%, 07/15/2031 |
|
|
135 |
|
|
|
118 |
|
| Unibail-Rodamco-Westfield SE, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 12/04/2031 |
|
EUR |
7,600 |
|
|
|
7,318 |
|
| Reg. S, 1.88%, 01/15/2031 |
|
EUR |
3,800 |
|
|
|
3,881 |
|
| UNITE Group plc (The), (United Kingdom), Reg. S, 5.63%, 06/25/2032 |
|
GBP |
1,150 |
|
|
|
1,564 |
|
| Ventas Realty LP, |
|
|
|
|
|
|
|
|
| 4.13%, 01/15/2026 |
|
|
2,300 |
|
|
|
2,288 |
|
| 5.63%, 07/01/2034 |
|
|
90 |
|
|
|
95 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| REITS — continued |
|
|
|
|
|
|
|
|
| VICI Properties LP, |
|
|
|
|
|
|
|
|
| 4.75%, 02/15/2028 |
|
|
205 |
|
|
|
206 |
|
| 4.95%, 02/15/2030 |
|
|
1,645 |
|
|
|
1,656 |
|
| Welltower OP LLC, |
|
|
|
|
|
|
|
|
| 2.75%, 01/15/2031 |
|
|
50 |
|
|
|
45 |
|
| 3.10%, 01/15/2030 |
|
|
2,472 |
|
|
|
2,320 |
|
| 4.00%, 06/01/2025 |
|
|
7 |
|
|
|
7 |
|
| 4.25%, 04/15/2028 |
|
|
4 |
|
|
|
4 |
|
| 4.50%, 12/01/2034 |
|
GBP |
300 |
|
|
|
374 |
|
| 4.80%, 11/20/2028 |
|
GBP |
1,650 |
|
|
|
2,196 |
|
| Weyerhaeuser Co., 4.00%, 04/15/2030 |
|
|
1,500 |
|
|
|
1,469 |
|
| WP Carey, Inc., |
|
|
|
|
|
|
|
|
| 2.25%, 04/01/2033 |
|
|
1,000 |
|
|
|
826 |
|
| 4.25%, 07/23/2032 |
|
EUR |
2,100 |
|
|
|
2,408 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80,803 |
|
|
|
|
|
|
|
|
|
|
| Savings & Loans — 0.1% |
|
|
|
|
|
|
|
|
| Coventry Building Society, (United Kingdom), Reg. S, 2.63%, 12/07/2026 |
|
EUR |
5,000 |
|
|
|
5,566 |
|
| Nationwide Building Society, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 03/25/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 3.31%, 05/02/2034 |
|
EUR |
120 |
|
|
|
140 |
|
| Skipton Building Society, (United Kingdom), Reg. S, 3.25%, 06/18/2029 |
|
EUR |
1,800 |
|
|
|
2,056 |
|
| Yorkshire Building Society, (United Kingdom), Reg. S, 0.01%, 11/16/2028 |
|
EUR |
5,000 |
|
|
|
5,016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,884 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
1,421,064 |
|
|
|
|
|
|
|
|
|
|
| Government — 1.4% |
|
|
|
|
|
|
|
|
| Multi-National — 1.4% |
|
|
|
|
|
|
|
|
| African Development Bank, (Supranational), |
|
|
|
|
|
|
|
|
| 0.50%, 03/22/2027 |
|
EUR |
1,000 |
|
|
|
1,066 |
|
| 0.50%, 03/21/2029 |
|
EUR |
3,500 |
|
|
|
3,594 |
|
| 0.88%, 05/24/2028 |
|
EUR |
400 |
|
|
|
423 |
|
| 2.25%, 09/14/2029 |
|
EUR |
2,000 |
|
|
|
2,215 |
|
| Asian Development Bank, (Supranational), |
|
|
|
|
|
|
|
|
| Reg. S, 0.03%, 01/31/2030 |
|
EUR |
3,550 |
|
|
|
3,491 |
|
| 0.35%, 07/16/2025 |
|
EUR |
700 |
|
|
|
765 |
|
| 0.75%, 12/07/2027 |
|
GBP |
5,000 |
|
|
|
6,039 |
|
| 1.40%, 02/06/2037 |
|
EUR |
7,000 |
|
|
|
6,673 |
|
| 2.88%, 05/06/2025 |
|
|
150 |
|
|
|
149 |
|
| 4.13%, 02/14/2029 |
|
GBP |
5,000 |
|
|
|
6,713 |
|
| 4.50%, 08/25/2028 |
|
|
150 |
|
|
|
155 |
|
| 6.22%, 08/15/2027 |
|
|
100 |
|
|
|
106 |
|
| Corp. Andina de Fomento, (Supranational), Reg. S, 0.25%, 02/04/2026 |
|
EUR |
2,000 |
|
|
|
2,147 |
|
| Council Of Europe Development Bank, (Supranational), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 01/20/2031 |
|
EUR |
5,000 |
|
|
|
4,797 |
|
| Reg. S, 0.25%, 01/19/2032 |
|
EUR |
3,000 |
|
|
|
2,857 |
|
| Reg. S, 0.63%, 01/30/2029 |
|
EUR |
1,500 |
|
|
|
1,558 |
|
| Dexia SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 01/21/2028 |
|
EUR |
1,300 |
|
|
|
1,339 |
|
| Reg. S, 0.01%, 01/22/2027 |
|
EUR |
500 |
|
|
|
527 |
|
| Reg. S, 0.63%, 01/17/2026 |
|
EUR |
600 |
|
|
|
651 |
|
| Reg. S, 1.00%, 10/18/2027 |
|
EUR |
300 |
|
|
|
321 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Multi-National — continued |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 02/12/2025 |
|
GBP |
400 |
|
|
|
529 |
|
| Reg. S, 2.75%, 01/18/2029 |
|
EUR |
200 |
|
|
|
225 |
|
| Reg. S, 3.13%, 06/01/2028 |
|
EUR |
200 |
|
|
|
228 |
|
| Erste Abwicklungsanstalt, (Germany), Reg. S, 3.13%, 06/22/2026 |
|
EUR |
400 |
|
|
|
451 |
|
| Eurofima Europaeische Gesellschaft fuer die Finanzierung von Eisenbahnmaterial, (Supranational), |
|
|
|
|
|
|
|
|
| 4.55%, 03/30/2027 |
|
CAD |
500 |
|
|
|
381 |
|
| 5.50%, 06/07/2032 |
|
GBP |
300 |
|
|
|
428 |
|
| European Investment Bank, (Supranational), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 03/13/2026 |
|
EUR |
700 |
|
|
|
754 |
|
| Zero Coupon, 05/28/2037 (e) |
|
CAD |
150 |
|
|
|
67 |
|
| Reg. S, 0.01%, 11/15/2035 |
|
EUR |
4,200 |
|
|
|
3,477 |
|
| Reg. S, 0.01%, 05/15/2041 |
|
EUR |
5,000 |
|
|
|
3,427 |
|
| Reg. S, 0.05%, 11/15/2029 |
|
EUR |
10,000 |
|
|
|
9,904 |
|
| 0.05%, 01/16/2030 |
|
EUR |
17,900 |
|
|
|
17,677 |
|
| Reg. S, 0.05%, 10/13/2034 |
|
EUR |
19,000 |
|
|
|
16,353 |
|
| Reg. S, 0.10%, 10/15/2026 |
|
EUR |
5,000 |
|
|
|
5,337 |
|
| Reg. S, 0.13%, 12/14/2026 |
|
GBP |
1,875 |
|
|
|
2,304 |
|
| Reg. S, 0.25%, 06/15/2040 |
|
EUR |
3,950 |
|
|
|
2,928 |
|
| Reg. S, 0.50%, 11/13/2037 |
|
EUR |
2,000 |
|
|
|
1,666 |
|
| Reg. S, 0.88%, 05/15/2026 |
|
GBP |
2,000 |
|
|
|
2,540 |
|
| 0.88%, 09/13/2047 |
|
EUR |
200 |
|
|
|
146 |
|
| Reg. S, 1.00%, 03/14/2031 |
|
EUR |
20,000 |
|
|
|
20,375 |
|
| Reg. S, 1.00%, 04/14/2032 |
|
EUR |
3,275 |
|
|
|
3,283 |
|
| 1.50%, 10/16/2048 |
|
EUR |
5,000 |
|
|
|
4,125 |
|
| 2.75%, 09/13/2030 |
|
EUR |
230 |
|
|
|
261 |
|
| Reg. S, 3.50%, 04/15/2027 |
|
EUR |
10,000 |
|
|
|
11,490 |
|
| Reg. S, 3.63%, 03/14/2042 |
|
EUR |
2,025 |
|
|
|
2,445 |
|
| Reg. S, 3.88%, 06/08/2037 |
|
GBP |
3,000 |
|
|
|
3,851 |
|
| 4.38%, 03/19/2027 |
|
|
200 |
|
|
|
203 |
|
| 5.00%, 04/15/2039 |
|
GBP |
3,500 |
|
|
|
4,968 |
|
| Series 1981, 2.63%, 03/15/2035 |
|
EUR |
40 |
|
|
|
44 |
|
| Series DIP, Reg. S, 4.63%, 10/12/2054 |
|
GBP |
3,055 |
|
|
|
4,072 |
|
| FMS Wertmanagement, (Germany), Reg. S, 0.38%, 04/29/2030 |
|
EUR |
1,600 |
|
|
|
1,602 |
|
| Inter-American Development Bank, (Supranational), |
|
|
|
|
|
|
|
|
| 0.88%, 04/20/2026 |
|
|
200 |
|
|
|
191 |
|
| 2.38%, 08/03/2029 |
|
GBP |
1,000 |
|
|
|
1,242 |
|
| 6.75%, 07/15/2027 |
|
|
700 |
|
|
|
747 |
|
| International Development Association, (Supranational), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/19/2026 |
|
EUR |
1,000 |
|
|
|
1,062 |
|
| Reg. S, 0.35%, 04/22/2036 |
|
EUR |
3,500 |
|
|
|
2,966 |
|
| Reg. S, 0.38%, 09/22/2027 |
|
GBP |
2,000 |
|
|
|
2,403 |
|
| Reg. S, 0.70%, 01/17/2042 |
|
EUR |
1,000 |
|
|
|
760 |
|
| International Finance Corp., (Supranational), |
|
|
|
|
|
|
|
|
| SUB, 0.75%, 03/15/2026 |
|
|
10 |
|
|
|
10 |
|
| SUB, 0.75%, 05/15/2026 |
|
|
150 |
|
|
|
145 |
|
| North American Development Bank, (Supranational), Reg. S, 0.20%, 11/28/2028 |
|
CHF |
200 |
|
|
|
229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
180,882 |
|
|
|
|
|
|
|
|
|
|
| Municipal — 0.0% (g) |
|
|
|
|
|
|
|
|
| Transport for London, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 07/23/2042 |
|
GBP |
140 |
|
|
|
159 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Municipal — continued |
|
|
|
|
|
|
|
|
| Reg. S, 4.00%, 09/12/2033 |
|
GBP |
300 |
|
|
|
375 |
|
| Reg. S, 4.00%, 04/07/2064 |
|
GBP |
100 |
|
|
|
110 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
644 |
|
|
|
|
|
|
|
|
|
|
| Regional (State/Province) — 0.0% (g) |
|
|
|
|
|
|
|
|
| KAF Kaerntner Ausgleichszahlungs-Fonds, (Austria), Reg. S, Zero Coupon, 01/14/2032 |
|
EUR |
860 |
|
|
|
769 |
|
| UK Municipal Bonds Agency Finance Co. Designated Activity Co., (Ireland), Reg. S, 1.63%, 08/26/2060 |
|
GBP |
100 |
|
|
|
53 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
822 |
|
|
|
|
|
|
|
|
|
|
| Total Government |
|
|
|
|
|
|
182,348 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 2.3% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 0.4% |
|
|
|
|
|
|
|
|
| Airbus SE, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 06/09/2030 |
|
EUR |
3,050 |
|
|
|
3,173 |
|
| Reg. S, 2.00%, 04/07/2028 |
|
EUR |
1,715 |
|
|
|
1,861 |
|
| Reg. S, 2.38%, 04/07/2032 |
|
EUR |
2,300 |
|
|
|
2,455 |
|
| BAE Systems plc, (United Kingdom), 1.90%, 02/15/2031 (e) |
|
|
1,350 |
|
|
|
1,152 |
|
| Boeing Co. (The), |
|
|
|
|
|
|
|
|
| 3.45%, 11/01/2028 |
|
|
10 |
|
|
|
9 |
|
| 4.88%, 05/01/2025 |
|
|
27 |
|
|
|
27 |
|
| 5.15%, 05/01/2030 |
|
|
60 |
|
|
|
60 |
|
| 5.71%, 05/01/2040 |
|
|
2,300 |
|
|
|
2,242 |
|
| 5.81%, 05/01/2050 |
|
|
50 |
|
|
|
48 |
|
| 6.30%, 05/01/2029 (e) |
|
|
20 |
|
|
|
21 |
|
| 6.39%, 05/01/2031 (e) |
|
|
30 |
|
|
|
32 |
|
| 6.86%, 05/01/2054 (e) |
|
|
20 |
|
|
|
22 |
|
| 7.01%, 05/01/2064 (e) |
|
|
1,290 |
|
|
|
1,420 |
|
| GE Capital UK Funding Unlimited Co., (Ireland), Reg. S, 5.88%, 01/18/2033 |
|
GBP |
2,400 |
|
|
|
3,337 |
|
| General Dynamics Corp., |
|
|
|
|
|
|
|
|
| 2.25%, 06/01/2031 |
|
|
36 |
|
|
|
32 |
|
| 4.25%, 04/01/2040 |
|
|
2 |
|
|
|
2 |
|
| General Electric Co., |
|
|
|
|
|
|
|
|
| 1.50%, 05/17/2029 |
|
EUR |
10,950 |
|
|
|
11,486 |
|
| 1.88%, 05/28/2027 |
|
EUR |
1,000 |
|
|
|
1,083 |
|
| Reg. S, 4.13%, 09/19/2035 |
|
EUR |
600 |
|
|
|
707 |
|
| Reg. S, 4.88%, 09/18/2037 |
|
GBP |
4,000 |
|
|
|
4,967 |
|
| Hexcel Corp., 4.20%, 02/15/2027 |
|
|
25 |
|
|
|
24 |
|
| L3Harris Technologies, Inc., 5.40%, 07/31/2033 |
|
|
1,600 |
|
|
|
1,669 |
|
| Lockheed Martin Corp., |
|
|
|
|
|
|
|
|
| 2.80%, 06/15/2050 |
|
|
3 |
|
|
|
2 |
|
| 3.80%, 03/01/2045 |
|
|
30 |
|
|
|
26 |
|
| 4.30%, 06/15/2062 |
|
|
34 |
|
|
|
30 |
|
| 4.70%, 05/15/2046 |
|
|
18 |
|
|
|
17 |
|
| 5.20%, 02/15/2064 |
|
|
50 |
|
|
|
52 |
|
| 5.70%, 11/15/2054 |
|
|
10 |
|
|
|
11 |
|
| 5.90%, 11/15/2063 |
|
|
5 |
|
|
|
6 |
|
| MTU Aero Engines AG, (Germany), Reg. S, 3.88%, 09/18/2031 |
|
EUR |
3,925 |
|
|
|
4,435 |
|
| RTX Corp., 2.15%, 05/18/2030 |
|
EUR |
1,500 |
|
|
|
1,567 |
|
| Safran SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 03/16/2026 |
|
EUR |
1,000 |
|
|
|
1,071 |
|
| Reg. S, 0.75%, 03/17/2031 |
|
EUR |
5,500 |
|
|
|
5,362 |
|
| Thales SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 03/26/2026 |
|
EUR |
4,100 |
|
|
|
4,376 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Aerospace/Defense — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 05/15/2028 |
|
EUR |
1,900 |
|
|
|
1,980 |
|
| Reg. S, 4.13%, 10/18/2028 |
|
EUR |
800 |
|
|
|
928 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,692 |
|
|
|
|
|
|
|
|
|
|
| Building Materials — 0.3% |
|
|
|
|
|
|
|
|
| Carrier Global Corp., 4.13%, 05/29/2028 |
|
EUR |
1,600 |
|
|
|
1,846 |
|
| Cie de Saint-Gobain SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 04/08/2030 |
|
EUR |
900 |
|
|
|
1,014 |
|
| Reg. S, 3.63%, 04/08/2034 |
|
EUR |
2,000 |
|
|
|
2,261 |
|
| CRH Finance DAC, (Ireland), Reg. S, 1.38%, 10/18/2028 |
|
EUR |
1,164 |
|
|
|
1,223 |
|
| Crh Finance UK plc, (United Kingdom), Reg. S, 4.13%, 12/02/2029 |
|
GBP |
1,500 |
|
|
|
1,961 |
|
| CRH Funding BV, (Netherlands), Reg. S, 1.63%, 05/05/2030 |
|
EUR |
800 |
|
|
|
822 |
|
| CRH SMW Finance DAC, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 11/05/2026 |
|
EUR |
1,000 |
|
|
|
1,079 |
|
| Reg. S, 4.25%, 07/11/2035 |
|
EUR |
4,250 |
|
|
|
4,986 |
|
| Eagle Materials, Inc., 2.50%, 07/01/2031 |
|
|
61 |
|
|
|
54 |
|
| Heidelberg Materials AG, (Germany), Reg. S, 3.75%, 05/31/2032 |
|
EUR |
2,425 |
|
|
|
2,747 |
|
| Holcim Finance Luxembourg SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 09/03/2030 |
|
EUR |
500 |
|
|
|
475 |
|
| Reg. S, 0.50%, 04/23/2031 |
|
EUR |
7,700 |
|
|
|
7,178 |
|
| Reg. S, 0.63%, 01/19/2033 |
|
EUR |
10,000 |
|
|
|
8,925 |
|
| Holcim Sterling Finance Netherlands BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 2.25%, 04/04/2034 |
|
GBP |
1,900 |
|
|
|
1,990 |
|
| Reg. S, 3.00%, 05/12/2032 |
|
GBP |
3,500 |
|
|
|
4,061 |
|
| Johnson Controls International plc / Tyco Fire & Security Finance SCA, (Ireland), |
|
|
|
|
|
|
|
|
| 1.00%, 09/15/2032 |
|
EUR |
1,000 |
|
|
|
938 |
|
| 3.00%, 09/15/2028 |
|
EUR |
1,000 |
|
|
|
1,113 |
|
| Lennox International, Inc., |
|
|
|
|
|
|
|
|
| 1.35%, 08/01/2025 |
|
|
2 |
|
|
|
2 |
|
| 5.50%, 09/15/2028 |
|
|
25 |
|
|
|
26 |
|
| Martin Marietta Materials, Inc., 3.20%, 07/15/2051 |
|
|
16 |
|
|
|
11 |
|
| Owens Corning, 3.95%, 08/15/2029 |
|
|
500 |
|
|
|
488 |
|
| Trane Technologies Financing Ltd., (Ireland), 4.50%, 03/21/2049 |
|
|
5 |
|
|
|
5 |
|
| Vulcan Materials Co., 3.50%, 06/01/2030 |
|
|
60 |
|
|
|
57 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43,262 |
|
|
|
|
|
|
|
|
|
|
| Electrical Components & Equipments — 0.3% |
|
|
|
|
|
|
|
|
| Eaton Capital Unlimited Co., (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.58%, 03/08/2030 |
|
EUR |
4,500 |
|
|
|
4,411 |
|
| Reg. S, 3.60%, 05/21/2031 |
|
EUR |
2,500 |
|
|
|
2,868 |
|
| Reg. S, 3.80%, 05/21/2036 |
|
EUR |
13,600 |
|
|
|
15,670 |
|
| Emerson Electric Co., |
|
|
|
|
|
|
|
|
| 1.25%, 10/15/2025 |
|
EUR |
1,000 |
|
|
|
1,093 |
|
| 2.00%, 10/15/2029 |
|
EUR |
1,500 |
|
|
|
1,600 |
|
| 2.80%, 12/21/2051 |
|
|
17 |
|
|
|
12 |
|
| Legrand SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 06/24/2028 |
|
EUR |
1,000 |
|
|
|
1,033 |
|
| Reg. S, 1.00%, 03/06/2026 |
|
EUR |
1,000 |
|
|
|
1,088 |
|
| Reg. S, 1.88%, 07/06/2032 |
|
EUR |
1,000 |
|
|
|
1,048 |
|
| Schneider Electric SE, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 10/10/2035 |
|
EUR |
4,400 |
|
|
|
4,921 |
|
| Reg. S, 3.50%, 06/12/2033 |
|
EUR |
400 |
|
|
|
461 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electrical Components & Equipments — continued |
|
|
|
|
|
|
|
|
| Signify NV, (Netherlands), Reg. S, 2.38%, 05/11/2027 |
|
EUR |
175 |
|
|
|
192 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,397 |
|
|
|
|
|
|
|
|
|
|
| Electronics — 0.2% |
|
|
|
|
|
|
|
|
| Amphenol Corp., 5.25%, 04/05/2034 |
|
|
885 |
|
|
|
924 |
|
| Amphenol Technologies Holding GmbH, (Germany), Reg. S, 0.75%, 05/04/2026 |
|
EUR |
2,525 |
|
|
|
2,718 |
|
| Arrow Electronics, Inc., |
|
|
|
|
|
|
|
|
| 5.15%, 08/21/2029 |
|
|
70 |
|
|
|
71 |
|
| 5.88%, 04/10/2034 |
|
|
140 |
|
|
|
145 |
|
| Assa Abloy AB, (Sweden), Reg. S, 4.13%, 09/13/2035 |
|
EUR |
1,875 |
|
|
|
2,229 |
|
| Fortive Corp., |
|
|
|
|
|
|
|
|
| 3.70%, 02/13/2026 |
|
EUR |
2,250 |
|
|
|
2,530 |
|
| 3.70%, 08/15/2029 |
|
EUR |
2,600 |
|
|
|
2,950 |
|
| Honeywell International, Inc., |
|
|
|
|
|
|
|
|
| 0.75%, 03/10/2032 |
|
EUR |
2,500 |
|
|
|
2,358 |
|
| 2.25%, 02/22/2028 |
|
EUR |
1,500 |
|
|
|
1,642 |
|
| 4.13%, 11/02/2034 |
|
EUR |
3,700 |
|
|
|
4,352 |
|
| 4.50%, 01/15/2034 |
|
|
71 |
|
|
|
72 |
|
| Hubbell, Inc., 2.30%, 03/15/2031 |
|
|
59 |
|
|
|
52 |
|
| Jabil, Inc., |
|
|
|
|
|
|
|
|
| 1.70%, 04/15/2026 |
|
|
20 |
|
|
|
19 |
|
| 5.45%, 02/01/2029 |
|
|
40 |
|
|
|
41 |
|
| Tyco Electronics Group SA, (Luxembourg), 0.00%, 02/16/2029 |
|
EUR |
1,000 |
|
|
|
985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
21,088 |
|
|
|
|
|
|
|
|
|
|
| Engineering & Construction — 0.4% |
|
|
|
|
|
|
|
|
| ABB Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 01/19/2030 |
|
EUR |
2,000 |
|
|
|
1,919 |
|
| Reg. S, 3.38%, 01/16/2031 |
|
EUR |
7,200 |
|
|
|
8,213 |
|
| Reg. S, 3.38%, 01/15/2034 |
|
EUR |
3,100 |
|
|
|
3,520 |
|
| Aeroports de Paris SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 01/05/2029 |
|
EUR |
500 |
|
|
|
515 |
|
| Reg. S, 1.50%, 07/02/2032 |
|
EUR |
600 |
|
|
|
594 |
|
| Reg. S, 2.13%, 10/02/2026 |
|
EUR |
200 |
|
|
|
220 |
|
| Reg. S, 2.75%, 06/05/2028 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 2.75%, 04/02/2030 |
|
EUR |
2,500 |
|
|
|
2,738 |
|
| Arcadis NV, (Netherlands), Reg. S, 4.88%, 02/28/2028 |
|
EUR |
18,168 |
|
|
|
21,138 |
|
| Cellnex Finance Co. SA, (Spain), Reg. S, 2.25%, 04/12/2026 |
|
EUR |
2,000 |
|
|
|
2,205 |
|
| CRCC Hean Ltd., (Hong Kong), Reg. S, 0.88%, 05/20/2026 |
|
EUR |
300 |
|
|
|
320 |
|
| DAA Finance plc, (Ireland), Reg. S, 1.60%, 11/05/2032 |
|
EUR |
400 |
|
|
|
393 |
|
| Ferrovial Emisiones SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.54%, 11/12/2028 |
|
EUR |
1,000 |
|
|
|
1,014 |
|
| Reg. S, 1.38%, 05/14/2026 |
|
EUR |
1,000 |
|
|
|
1,088 |
|
| Heathrow Funding Ltd., (Jersey), |
|
|
|
|
|
|
|
|
| Reg. S, 4.63%, 10/31/2046 |
|
GBP |
325 |
|
|
|
374 |
|
| Reg. S, 6.45%, 12/10/2031 |
|
GBP |
225 |
|
|
|
323 |
|
| Reg. S, 6.75%, 12/03/2026 |
|
GBP |
150 |
|
|
|
208 |
|
| Jacobs Engineering Group, Inc., 6.35%, 08/18/2028 |
|
|
950 |
|
|
|
1,010 |
|
| Royal Schiphol Group NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 09/08/2027 |
|
EUR |
300 |
|
|
|
313 |
|
| Reg. S, 0.75%, 04/22/2033 |
|
EUR |
200 |
|
|
|
183 |
|
| Reg. S, 0.88%, 09/08/2032 |
|
EUR |
400 |
|
|
|
375 |
|
| Sydney Airport Finance Co. Pty Ltd., (Australia), Reg. S, 1.75%, 04/26/2028 |
|
EUR |
1,000 |
|
|
|
1,067 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Engineering & Construction — continued |
|
|
|
|
|
|
|
|
| Vinci SA, (France), Reg. S, 3.38%, 10/17/2032 |
|
EUR |
2,000 |
|
|
|
2,261 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,102 |
|
|
|
|
|
|
|
|
|
|
| Environmental Control — 0.0% (g) |
|
|
|
|
|
|
|
|
| Republic Services, Inc., |
|
|
|
|
|
|
|
|
| 5.00%, 12/15/2033 |
|
|
100 |
|
|
|
103 |
|
| 5.20%, 11/15/2034 |
|
|
80 |
|
|
|
84 |
|
| Waste Connections, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 2.60%, 02/01/2030 |
|
|
200 |
|
|
|
185 |
|
| 3.20%, 06/01/2032 |
|
|
10 |
|
|
|
9 |
|
| 4.20%, 01/15/2033 |
|
|
20 |
|
|
|
19 |
|
| Waste Management, Inc., |
|
|
|
|
|
|
|
|
| 2.00%, 06/01/2029 |
|
|
4 |
|
|
|
4 |
|
| 4.63%, 02/15/2033 |
|
|
19 |
|
|
|
19 |
|
| 4.95%, 07/03/2031 |
|
|
130 |
|
|
|
135 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
558 |
|
|
|
|
|
|
|
|
|
|
| Hand/Machine Tools — 0.0% (g) |
|
|
|
|
|
|
|
|
| Regal Rexnord Corp., 6.05%, 02/15/2026 |
|
|
620 |
|
|
|
630 |
|
| Snap-on, Inc., 3.10%, 05/01/2050 |
|
|
10 |
|
|
|
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
637 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Construction & Mining — 0.0% (g) |
|
|
|
|
|
|
|
|
| Sandvik AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 06/07/2027 |
|
EUR |
1,000 |
|
|
|
1,093 |
|
| Reg. S, 3.75%, 09/27/2029 |
|
EUR |
1,000 |
|
|
|
1,154 |
|
| Siemens Energy Finance BV, (Netherlands), Reg. S, 4.25%, 04/05/2029 |
|
EUR |
1,000 |
|
|
|
1,152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,399 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Diversified — 0.1% |
|
|
|
|
|
|
|
|
| Atlas Copco AB, (Sweden), Reg. S, 0.63%, 08/30/2026 |
|
EUR |
1,325 |
|
|
|
1,418 |
|
| Atlas Copco Finance DAC, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 09/03/2029 |
|
EUR |
500 |
|
|
|
491 |
|
| Reg. S, 0.75%, 02/08/2032 |
|
EUR |
2,500 |
|
|
|
2,379 |
|
| Dover Corp., |
|
|
|
|
|
|
|
|
| 0.75%, 11/04/2027 |
|
EUR |
1,000 |
|
|
|
1,046 |
|
| 1.25%, 11/09/2026 |
|
EUR |
1,000 |
|
|
|
1,078 |
|
| Flowserve Corp., 3.50%, 10/01/2030 |
|
|
12 |
|
|
|
11 |
|
| Highland Holdings Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| 0.32%, 12/15/2026 |
|
EUR |
1,500 |
|
|
|
1,582 |
|
| 0.93%, 12/15/2031 |
|
EUR |
2,050 |
|
|
|
1,950 |
|
| IDEX Corp., |
|
|
|
|
|
|
|
|
| 2.63%, 06/15/2031 |
|
|
155 |
|
|
|
137 |
|
| 3.00%, 05/01/2030 |
|
|
82 |
|
|
|
76 |
|
| 4.95%, 09/01/2029 |
|
|
690 |
|
|
|
705 |
|
| Ingersoll Rand, Inc., |
|
|
|
|
|
|
|
|
| 5.40%, 08/14/2028 |
|
|
230 |
|
|
|
240 |
|
| 5.45%, 06/15/2034 |
|
|
590 |
|
|
|
620 |
|
| 5.70%, 08/14/2033 |
|
|
20 |
|
|
|
21 |
|
| Nordson Corp., |
|
|
|
|
|
|
|
|
| 5.60%, 09/15/2028 |
|
|
95 |
|
|
|
99 |
|
| 5.80%, 09/15/2033 |
|
|
275 |
|
|
|
296 |
|
| nVent Finance Sarl, (Luxembourg), 5.65%, 05/15/2033 |
|
|
105 |
|
|
|
109 |
|
| Otis Worldwide Corp., 2.29%, 04/05/2027 |
|
|
20 |
|
|
|
19 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Machinery - Diversified — continued |
|
|
|
|
|
|
|
|
| Westinghouse Air Brake Technologies Corp., |
|
|
|
|
|
|
|
|
| 3.20%, 06/15/2025 |
|
|
40 |
|
|
|
40 |
|
| 5.61%, 03/11/2034 |
|
|
40 |
|
|
|
42 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,359 |
|
|
|
|
|
|
|
|
|
|
| Miscellaneous Manufacturers — 0.3% |
|
|
|
|
|
|
|
|
| Alfa Laval Treasury International AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 02/18/2026 |
|
EUR |
4,681 |
|
|
|
5,063 |
|
| Reg. S, 1.38%, 02/18/2029 |
|
EUR |
5,000 |
|
|
|
5,224 |
|
| Carlisle Cos., Inc., |
|
|
|
|
|
|
|
|
| 2.20%, 03/01/2032 |
|
|
54 |
|
|
|
46 |
|
| 2.75%, 03/01/2030 |
|
|
10 |
|
|
|
9 |
|
| Eaton Corp., 4.15%, 11/02/2042 |
|
|
15 |
|
|
|
14 |
|
| Illinois Tool Works, Inc., |
|
|
|
|
|
|
|
|
| 0.63%, 12/05/2027 |
|
EUR |
1,000 |
|
|
|
1,045 |
|
| 1.00%, 06/05/2031 |
|
EUR |
500 |
|
|
|
493 |
|
| 3.25%, 05/17/2028 |
|
EUR |
2,100 |
|
|
|
2,375 |
|
| 3.38%, 05/17/2032 |
|
EUR |
4,100 |
|
|
|
4,671 |
|
| Knorr-Bremse AG, (Germany), Reg. S, 3.25%, 09/30/2032 |
|
EUR |
5,775 |
|
|
|
6,387 |
|
| Pentair Finance Sarl, (Luxembourg), 4.50%, 07/01/2029 |
|
|
2,000 |
|
|
|
1,993 |
|
| Smiths Group plc, (United Kingdom), Reg. S, 2.00%, 02/23/2027 |
|
EUR |
6,402 |
|
|
|
6,965 |
|
| Teledyne Technologies, Inc., 1.60%, 04/01/2026 |
|
|
20 |
|
|
|
19 |
|
| Textron, Inc., |
|
|
|
|
|
|
|
|
| 2.45%, 03/15/2031 |
|
|
1,000 |
|
|
|
874 |
|
| 3.00%, 06/01/2030 |
|
|
130 |
|
|
|
120 |
|
| Wabtec Transportation Netherlands BV, (Netherlands), 1.25%, 12/03/2027 |
|
EUR |
1,500 |
|
|
|
1,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36,873 |
|
|
|
|
|
|
|
|
|
|
| Packaging & Containers — 0.0% (g) |
|
|
|
|
|
|
|
|
| Amcor UK Finance plc, (United Kingdom), 1.13%, 06/23/2027 |
|
EUR |
1,500 |
|
|
|
1,594 |
|
| Berry Global, Inc., 5.50%, 04/15/2028 |
|
|
615 |
|
|
|
630 |
|
| DS Smith plc, (United Kingdom), Reg. S, 0.88%, 09/12/2026 |
|
EUR |
3,300 |
|
|
|
3,528 |
|
| Packaging Corp. of America, 5.70%, 12/01/2033 |
|
|
6 |
|
|
|
6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,758 |
|
|
|
|
|
|
|
|
|
|
| Shipbuilding — 0.0% (g) |
|
|
|
|
|
|
|
|
| Huntington Ingalls Industries, Inc., 4.20%, 05/01/2030 |
|
|
30 |
|
|
|
30 |
|
|
|
|
|
|
|
|
|
|
| Transportation — 0.3% |
|
|
|
|
|
|
|
|
| Aurizon Network Pty Ltd., (Australia), Reg. S, 3.13%, 06/01/2026 |
|
EUR |
1,000 |
|
|
|
1,118 |
|
| Brambles Finance plc, (United Kingdom), Reg. S, 1.50%, 10/04/2027 |
|
EUR |
1,000 |
|
|
|
1,072 |
|
| Burlington Northern Santa Fe LLC, |
|
|
|
|
|
|
|
|
| 2.88%, 06/15/2052 |
|
|
40 |
|
|
|
28 |
|
| 4.15%, 04/01/2045 |
|
|
10 |
|
|
|
9 |
|
| 4.45%, 01/15/2053 |
|
|
5 |
|
|
|
5 |
|
| 4.55%, 09/01/2044 |
|
|
160 |
|
|
|
151 |
|
| 4.95%, 09/15/2041 |
|
|
700 |
|
|
|
699 |
|
| 5.20%, 04/15/2054 |
|
|
900 |
|
|
|
928 |
|
| 5.40%, 06/01/2041 |
|
|
20 |
|
|
|
21 |
|
| Canadian National Railway Co., (Canada), 6.13%, 11/01/2053 |
|
|
600 |
|
|
|
711 |
|
| Canadian Pacific Railway Co., (Canada), 3.10%, 12/02/2051 |
|
|
210 |
|
|
|
150 |
|
| CSX Corp., 4.90%, 03/15/2055 |
|
|
10 |
|
|
|
10 |
|
| Deutsche Bahn Finance GMBH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.35%, 09/29/2031 |
|
EUR |
700 |
|
|
|
666 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Transportation — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 04/09/2027 |
|
EUR |
140 |
|
|
|
149 |
|
| Reg. S, 0.63%, 04/15/2036 |
|
EUR |
350 |
|
|
|
296 |
|
| Reg. S, 0.63%, 12/08/2050 |
|
EUR |
200 |
|
|
|
117 |
|
| Reg. S, 1.00%, 12/17/2027 |
|
EUR |
300 |
|
|
|
320 |
|
| Reg. S, 1.13%, 12/18/2028 |
|
EUR |
300 |
|
|
|
317 |
|
| Reg. S, 1.13%, 05/29/2051 |
|
EUR |
112 |
|
|
|
75 |
|
| Reg. S, 1.38%, 03/28/2031 |
|
EUR |
2,000 |
|
|
|
2,069 |
|
| Reg. S, 1.38%, 04/16/2040 |
|
EUR |
50 |
|
|
|
42 |
|
| Reg. S, 1.63%, 08/16/2033 |
|
EUR |
89 |
|
|
|
91 |
|
| Reg. S, 1.88%, 05/24/2030 |
|
EUR |
300 |
|
|
|
321 |
|
| 1.99%, 07/08/2030 |
|
AUD |
200 |
|
|
|
118 |
|
| Reg. S, 3.25%, 05/19/2033 |
|
EUR |
300 |
|
|
|
346 |
|
| Reg. S, 3.63%, 12/18/2037 |
|
EUR |
193 |
|
|
|
225 |
|
| Reg. S, 3.75%, 10/29/2025 |
|
AUD |
1,000 |
|
|
|
684 |
|
| Reg. S, 4.00%, 11/23/2043 |
|
EUR |
300 |
|
|
|
358 |
|
| Series CB, Reg. S, (EUR Swap Rate 5 Year + 1.89%), 1.60%, 07/18/2029 (x) (aa) |
|
EUR |
1,500 |
|
|
|
1,473 |
|
| East Japan Railway Co., (Japan), Reg. S, 4.50%, 01/25/2036 |
|
GBP |
2,000 |
|
|
|
2,550 |
|
| Ferrovie dello Stato Italiane SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 4.13%, 05/23/2029 |
|
EUR |
300 |
|
|
|
349 |
|
| Reg. S, 4.50%, 05/23/2033 |
|
EUR |
200 |
|
|
|
237 |
|
| Hamburger Hochbahn AG, (Germany), Reg. S, 0.13%, 02/24/2031 |
|
EUR |
1,000 |
|
|
|
944 |
|
| International Distribution Services plc, (United Kingdom), Reg. S, 5.25%, 09/14/2028 |
|
EUR |
7,100 |
|
|
|
8,320 |
|
| La Poste SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 07/18/2029 |
|
EUR |
200 |
|
|
|
194 |
|
| Reg. S, 0.38%, 09/17/2027 |
|
EUR |
100 |
|
|
|
104 |
|
| Reg. S, 0.63%, 10/21/2026 |
|
EUR |
1,300 |
|
|
|
1,385 |
|
| Reg. S, 1.00%, 09/17/2034 |
|
EUR |
500 |
|
|
|
450 |
|
| Reg. S, 1.38%, 04/21/2032 |
|
EUR |
1,000 |
|
|
|
982 |
|
| Reg. S, 2.63%, 09/14/2028 |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 4.00%, 06/12/2035 |
|
EUR |
400 |
|
|
|
470 |
|
| Network Rail Infrastructure Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.38%, 12/09/2030 |
|
GBP |
190 |
|
|
|
258 |
|
| 4.75%, 11/29/2035 |
|
GBP |
200 |
|
|
|
276 |
|
| Norfolk Southern Corp., 5.95%, 03/15/2064 |
|
|
660 |
|
|
|
730 |
|
| OeBB-Infrastruktur AG, (Austria), |
|
|
|
|
|
|
|
|
| 2.25%, 05/28/2029 |
|
EUR |
325 |
|
|
|
360 |
|
| 3.00%, 10/24/2033 |
|
EUR |
200 |
|
|
|
229 |
|
| Reg. S, 3.38%, 05/18/2032 |
|
EUR |
4 |
|
|
|
5 |
|
| TOTE Maritime Alaska LLC, Series 45293, 6.37%, 04/15/2028 |
|
|
2,564 |
|
|
|
2,651 |
|
| United Parcel Service, Inc., 1.50%, 11/15/2032 |
|
EUR |
1,125 |
|
|
|
1,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,306 |
|
|
|
|
|
|
|
|
|
|
| Trucking & Leasing — 0.0% (g) |
|
|
|
|
|
|
|
|
| Penske Truck Leasing Co. LP / PTL Finance Corp., |
|
|
|
|
|
|
|
|
| 4.40%, 07/01/2027 (e) |
|
|
730 |
|
|
|
730 |
|
| 5.55%, 05/01/2028 (e) |
|
|
1,135 |
|
|
|
1,173 |
|
| 5.75%, 05/24/2026 (e) |
|
|
860 |
|
|
|
876 |
|
| 6.05%, 08/01/2028 (e) |
|
|
660 |
|
|
|
694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,473 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
301,934 |
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Technology — 0.8% |
|
|
|
|
|
|
|
|
| Computers — 0.2% |
|
|
|
|
|
|
|
|
| Amdocs Ltd., (Guernsey), 2.54%, 06/15/2030 |
|
|
175 |
|
|
|
156 |
|
| Apple, Inc., |
|
|
|
|
|
|
|
|
| 0.50%, 11/15/2031 |
|
EUR |
1,600 |
|
|
|
1,544 |
|
| 1.38%, 05/24/2029 |
|
EUR |
1,600 |
|
|
|
1,704 |
|
| 1.63%, 11/10/2026 |
|
EUR |
1,125 |
|
|
|
1,231 |
|
| 2.55%, 08/20/2060 |
|
|
5 |
|
|
|
3 |
|
| 2.85%, 08/05/2061 |
|
|
20 |
|
|
|
14 |
|
| 3.05%, 07/31/2029 |
|
GBP |
425 |
|
|
|
543 |
|
| 3.75%, 09/12/2047 |
|
|
1,000 |
|
|
|
860 |
|
| CGI, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 1.45%, 09/14/2026 |
|
|
60 |
|
|
|
57 |
|
| 2.30%, 09/14/2031 |
|
|
60 |
|
|
|
51 |
|
| Dell Bank International DAC, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 10/27/2026 |
|
EUR |
1,000 |
|
|
|
1,062 |
|
| Reg. S, 3.63%, 06/24/2029 |
|
EUR |
11,050 |
|
|
|
12,533 |
|
| Reg. S, 4.50%, 10/18/2027 |
|
EUR |
1,000 |
|
|
|
1,158 |
|
| Fortinet, Inc., 2.20%, 03/15/2031 |
|
|
20 |
|
|
|
17 |
|
| Genpact Luxembourg Sarl, (Luxembourg), 3.38%, 12/01/2024 |
|
|
1,400 |
|
|
|
1,394 |
|
| HP, Inc., 5.50%, 01/15/2033 |
|
|
90 |
|
|
|
95 |
|
| IBM International Capital Pte Ltd., (Singapore), 4.90%, 02/05/2034 |
|
|
110 |
|
|
|
113 |
|
| International Business Machines Corp., |
|
|
|
|
|
|
|
|
| 1.20%, 02/11/2040 |
|
EUR |
561 |
|
|
|
455 |
|
| 1.25%, 02/09/2034 |
|
EUR |
1,000 |
|
|
|
943 |
|
| 4.88%, 02/06/2038 |
|
GBP |
300 |
|
|
|
385 |
|
| 4.90%, 07/27/2052 |
|
|
100 |
|
|
|
96 |
|
| Leidos, Inc., |
|
|
|
|
|
|
|
|
| 2.30%, 02/15/2031 |
|
|
60 |
|
|
|
52 |
|
| 4.38%, 05/15/2030 |
|
|
30 |
|
|
|
29 |
|
| 5.75%, 03/15/2033 |
|
|
30 |
|
|
|
32 |
|
| NetApp, Inc., 1.88%, 06/22/2025 |
|
|
1,700 |
|
|
|
1,665 |
|
| Teledyne FLIR LLC, 2.50%, 08/01/2030 |
|
|
80 |
|
|
|
71 |
|
| Western Digital Corp., 3.10%, 02/01/2032 |
|
|
4 |
|
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,267 |
|
|
|
|
|
|
|
|
|
|
| Office/Business & Equipments — 0.0% (g) |
|
|
|
|
|
|
|
|
| CDW LLC / CDW Finance Corp., |
|
|
|
|
|
|
|
|
| 2.67%, 12/01/2026 |
|
|
989 |
|
|
|
951 |
|
| 3.25%, 02/15/2029 |
|
|
39 |
|
|
|
37 |
|
| 3.28%, 12/01/2028 |
|
|
113 |
|
|
|
107 |
|
| 3.57%, 12/01/2031 |
|
|
162 |
|
|
|
148 |
|
| 4.25%, 04/01/2028 |
|
|
12 |
|
|
|
12 |
|
| 5.10%, 03/01/2030 |
|
|
755 |
|
|
|
766 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,021 |
|
|
|
|
|
|
|
|
|
|
| Semiconductors — 0.2% |
|
|
|
|
|
|
|
|
| Analog Devices, Inc., |
|
|
|
|
|
|
|
|
| 1.70%, 10/01/2028 |
|
|
20 |
|
|
|
18 |
|
| 3.45%, 06/15/2027 |
|
|
30 |
|
|
|
30 |
|
| ASML Holding NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 02/25/2030 |
|
EUR |
6,000 |
|
|
|
5,865 |
|
| Reg. S, 0.63%, 05/07/2029 |
|
EUR |
1,200 |
|
|
|
1,219 |
|
| Reg. S, 1.38%, 07/07/2026 |
|
EUR |
2,000 |
|
|
|
2,178 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Semiconductors — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 05/28/2027 |
|
EUR |
2,750 |
|
|
|
2,986 |
|
| Broadcom, Inc., |
|
|
|
|
|
|
|
|
| 3.14%, 11/15/2035 (e) |
|
|
3,235 |
|
|
|
2,763 |
|
| 3.19%, 11/15/2036 (e) |
|
|
795 |
|
|
|
672 |
|
| 5.05%, 07/12/2029 |
|
|
1,605 |
|
|
|
1,653 |
|
| Infineon Technologies AG, (Germany), Reg. S, 1.13%, 06/24/2026 |
|
EUR |
1,400 |
|
|
|
1,514 |
|
| Intel Corp., |
|
|
|
|
|
|
|
|
| 4.75%, 03/25/2050 |
|
|
280 |
|
|
|
242 |
|
| 4.88%, 02/10/2028 |
|
|
30 |
|
|
|
30 |
|
| 5.60%, 02/21/2054 |
|
|
375 |
|
|
|
365 |
|
| 5.63%, 02/10/2043 |
|
|
225 |
|
|
|
224 |
|
| 5.90%, 02/10/2063 |
|
|
295 |
|
|
|
295 |
|
| Marvell Technology, Inc., |
|
|
|
|
|
|
|
|
| 2.95%, 04/15/2031 |
|
|
30 |
|
|
|
27 |
|
| 5.75%, 02/15/2029 |
|
|
27 |
|
|
|
28 |
|
| 5.95%, 09/15/2033 |
|
|
19 |
|
|
|
21 |
|
| Microchip Technology, Inc., 4.25%, 09/01/2025 |
|
|
3,650 |
|
|
|
3,634 |
|
| Micron Technology, Inc., |
|
|
|
|
|
|
|
|
| 5.30%, 01/15/2031 |
|
|
145 |
|
|
|
151 |
|
| 6.75%, 11/01/2029 |
|
|
10 |
|
|
|
11 |
|
| NXP BV / NXP Funding LLC / NXP USA, Inc., (Multinational), |
|
|
|
|
|
|
|
|
| 2.50%, 05/11/2031 |
|
|
70 |
|
|
|
61 |
|
| 3.40%, 05/01/2030 |
|
|
1,035 |
|
|
|
977 |
|
| 3.88%, 06/18/2026 |
|
|
590 |
|
|
|
585 |
|
| Skyworks Solutions, Inc., 3.00%, 06/01/2031 |
|
|
73 |
|
|
|
64 |
|
| Texas Instruments, Inc., |
|
|
|
|
|
|
|
|
| 1.75%, 05/04/2030 |
|
|
9 |
|
|
|
8 |
|
| 2.70%, 09/15/2051 |
|
|
30 |
|
|
|
20 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,641 |
|
|
|
|
|
|
|
|
|
|
| Software — 0.4% |
|
|
|
|
|
|
|
|
| Adobe, Inc., 2.30%, 02/01/2030 |
|
|
28 |
|
|
|
26 |
|
| Broadridge Financial Solutions, Inc., 2.60%, 05/01/2031 |
|
|
165 |
|
|
|
145 |
|
| Electronic Arts, Inc., 1.85%, 02/15/2031 |
|
|
17 |
|
|
|
15 |
|
| Fidelity National Information Services, Inc., 3.10%, 03/01/2041 |
|
|
180 |
|
|
|
139 |
|
| Fiserv, Inc., |
|
|
|
|
|
|
|
|
| 1.63%, 07/01/2030 |
|
EUR |
195 |
|
|
|
200 |
|
| 3.00%, 07/01/2031 |
|
GBP |
1,000 |
|
|
|
1,182 |
|
| 3.50%, 07/01/2029 |
|
|
170 |
|
|
|
164 |
|
| 4.40%, 07/01/2049 |
|
|
87 |
|
|
|
77 |
|
| 4.50%, 05/24/2031 |
|
EUR |
6,100 |
|
|
|
7,209 |
|
| 5.63%, 08/21/2033 |
|
|
1,060 |
|
|
|
1,122 |
|
| Intuit, Inc., |
|
|
|
|
|
|
|
|
| 1.65%, 07/15/2030 |
|
|
28 |
|
|
|
24 |
|
| 5.20%, 09/15/2033 |
|
|
10 |
|
|
|
11 |
|
| 5.50%, 09/15/2053 |
|
|
20 |
|
|
|
21 |
|
| Microsoft Corp., |
|
|
|
|
|
|
|
|
| 2.50%, 09/15/2050 |
|
|
10 |
|
|
|
7 |
|
| 2.53%, 06/01/2050 |
|
|
1,105 |
|
|
|
757 |
|
| 2.68%, 06/01/2060 |
|
|
75 |
|
|
|
49 |
|
| 3.13%, 12/06/2028 |
|
EUR |
10,005 |
|
|
|
11,419 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Software — continued |
|
|
|
|
|
|
|
|
| Oracle Corp., |
|
|
|
|
|
|
|
|
| 2.30%, 03/25/2028 |
|
|
100 |
|
|
|
94 |
|
| 2.65%, 07/15/2026 |
|
|
30 |
|
|
|
29 |
|
| 2.95%, 04/01/2030 |
|
|
5 |
|
|
|
5 |
|
| 3.60%, 04/01/2050 |
|
|
1,365 |
|
|
|
1,038 |
|
| 3.65%, 03/25/2041 |
|
|
91 |
|
|
|
75 |
|
| 3.85%, 04/01/2060 |
|
|
14 |
|
|
|
11 |
|
| 3.95%, 03/25/2051 |
|
|
250 |
|
|
|
201 |
|
| 4.00%, 07/15/2046 |
|
|
325 |
|
|
|
269 |
|
| 4.10%, 03/25/2061 |
|
|
35 |
|
|
|
27 |
|
| 4.30%, 07/08/2034 |
|
|
309 |
|
|
|
299 |
|
| 4.50%, 07/08/2044 |
|
|
10 |
|
|
|
9 |
|
| 4.70%, 09/27/2034 |
|
|
110 |
|
|
|
110 |
|
| 5.38%, 09/27/2054 |
|
|
60 |
|
|
|
60 |
|
| 5.55%, 02/06/2053 |
|
|
538 |
|
|
|
550 |
|
| 6.25%, 11/09/2032 |
|
|
70 |
|
|
|
77 |
|
| 6.90%, 11/09/2052 |
|
|
305 |
|
|
|
367 |
|
| Roper Technologies, Inc., |
|
|
|
|
|
|
|
|
| 1.75%, 02/15/2031 |
|
|
77 |
|
|
|
65 |
|
| 2.95%, 09/15/2029 |
|
|
2 |
|
|
|
2 |
|
| 4.20%, 09/15/2028 |
|
|
37 |
|
|
|
37 |
|
| Sage Group plc (The), (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 02/25/2031 |
|
GBP |
2,000 |
|
|
|
2,187 |
|
| Reg. S, 2.88%, 02/08/2034 |
|
GBP |
2,500 |
|
|
|
2,786 |
|
| SAP SE, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 05/18/2029 |
|
EUR |
7,000 |
|
|
|
7,043 |
|
| Reg. S, 1.38%, 03/13/2030 |
|
EUR |
200 |
|
|
|
209 |
|
| Reg. S, 1.63%, 03/10/2031 |
|
EUR |
14,500 |
|
|
|
15,122 |
|
| ServiceNow, Inc., 1.40%, 09/01/2030 |
|
|
5 |
|
|
|
4 |
|
| VMware LLC, 4.50%, 05/15/2025 |
|
|
25 |
|
|
|
25 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53,268 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
107,197 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 2.3% |
|
|
|
|
|
|
|
|
| Electric — 1.9% |
|
|
|
|
|
|
|
|
| A2A SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 07/15/2031 |
|
EUR |
200 |
|
|
|
186 |
|
| Reg. S, 1.00%, 07/16/2029 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 1.00%, 11/02/2033 |
|
EUR |
100 |
|
|
|
89 |
|
| Reg. S, 1.63%, 10/19/2027 |
|
EUR |
200 |
|
|
|
216 |
|
| Reg. S, 4.38%, 02/03/2034 |
|
EUR |
100 |
|
|
|
117 |
|
| Reg. S, 4.50%, 09/19/2030 |
|
EUR |
200 |
|
|
|
238 |
|
| ACEA SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 04/06/2029 |
|
EUR |
100 |
|
|
|
100 |
|
| Reg. S, 1.75%, 05/23/2028 |
|
EUR |
130 |
|
|
|
139 |
|
| Reg. S, 3.88%, 01/24/2031 |
|
EUR |
500 |
|
|
|
574 |
|
| AEP Texas, Inc., |
|
|
|
|
|
|
|
|
| 4.70%, 05/15/2032 |
|
|
885 |
|
|
|
887 |
|
| 5.45%, 05/15/2029 |
|
|
510 |
|
|
|
532 |
|
| Series I, 2.10%, 07/01/2030 |
|
|
2,600 |
|
|
|
2,289 |
|
| AEP Transmission Co. LLC, 5.15%, 04/01/2034 |
|
|
10 |
|
|
|
10 |
|
| AES Corp. (The), 2.45%, 01/15/2031 |
|
|
15 |
|
|
|
13 |
|
| Alabama Power Co., |
|
|
|
|
|
|
|
|
| 3.00%, 03/15/2052 |
|
|
10 |
|
|
|
7 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| 3.13%, 07/15/2051 |
|
|
7 |
|
|
|
5 |
|
| 3.75%, 09/01/2027 |
|
|
30 |
|
|
|
30 |
|
| Algonquin Power & Utilities Corp., (Canada), SUB, 5.37%, 06/15/2026 |
|
|
475 |
|
|
|
481 |
|
| Alliander NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 2.63%, 09/09/2027 |
|
EUR |
400 |
|
|
|
445 |
|
| Reg. S, 3.25%, 06/13/2028 |
|
EUR |
600 |
|
|
|
680 |
|
| Ameren Illinois Co., |
|
|
|
|
|
|
|
|
| 3.25%, 03/15/2050 |
|
|
1,200 |
|
|
|
877 |
|
| 5.55%, 07/01/2054 |
|
|
10 |
|
|
|
11 |
|
| American Electric Power Co., Inc., |
|
|
|
|
|
|
|
|
| 2.30%, 03/01/2030 |
|
|
5 |
|
|
|
4 |
|
| 5.95%, 11/01/2032 |
|
|
10 |
|
|
|
11 |
|
| Amprion GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 09/23/2033 |
|
EUR |
1,500 |
|
|
|
1,321 |
|
| Reg. S, 3.97%, 09/22/2032 |
|
EUR |
800 |
|
|
|
930 |
|
| Appalachian Power Co., |
|
|
|
|
|
|
|
|
| 5.65%, 04/01/2034 |
|
|
10 |
|
|
|
10 |
|
| Series BB, 4.50%, 08/01/2032 |
|
|
20 |
|
|
|
20 |
|
| Series Z, 3.70%, 05/01/2050 |
|
|
5 |
|
|
|
4 |
|
| Arizona Public Service Co., |
|
|
|
|
|
|
|
|
| 2.20%, 12/15/2031 |
|
|
10 |
|
|
|
9 |
|
| 2.60%, 08/15/2029 |
|
|
14 |
|
|
|
13 |
|
| 3.35%, 05/15/2050 |
|
|
10 |
|
|
|
7 |
|
| 5.55%, 08/01/2033 |
|
|
1,375 |
|
|
|
1,432 |
|
| Atlantic City Electric Co., 4.00%, 10/15/2028 |
|
|
10 |
|
|
|
10 |
|
| Baltimore Gas and Electric Co., |
|
|
|
|
|
|
|
|
| 2.90%, 06/15/2050 |
|
|
10 |
|
|
|
7 |
|
| 4.55%, 06/01/2052 |
|
|
30 |
|
|
|
27 |
|
| 5.40%, 06/01/2053 |
|
|
10 |
|
|
|
10 |
|
| 5.65%, 06/01/2054 |
|
|
10 |
|
|
|
11 |
|
| Berkshire Hathaway Energy Co., |
|
|
|
|
|
|
|
|
| 1.65%, 05/15/2031 |
|
|
10 |
|
|
|
8 |
|
| 2.85%, 05/15/2051 |
|
|
50 |
|
|
|
34 |
|
| 4.25%, 10/15/2050 |
|
|
5 |
|
|
|
4 |
|
| 4.60%, 05/01/2053 |
|
|
5 |
|
|
|
5 |
|
| 5.15%, 11/15/2043 |
|
|
10 |
|
|
|
10 |
|
| Black Hills Corp., 2.50%, 06/15/2030 |
|
|
10 |
|
|
|
9 |
|
| CenterPoint Energy Houston Electric LLC, |
|
|
|
|
|
|
|
|
| 5.30%, 04/01/2053 |
|
|
10 |
|
|
|
10 |
|
| Series AD, 2.90%, 07/01/2050 |
|
|
25 |
|
|
|
17 |
|
| Series AJ, 4.85%, 10/01/2052 |
|
|
10 |
|
|
|
10 |
|
| CenterPoint Energy, Inc., |
|
|
|
|
|
|
|
|
| 2.95%, 03/01/2030 |
|
|
5 |
|
|
|
5 |
|
| 4.25%, 11/01/2028 |
|
|
3 |
|
|
|
3 |
|
| CEZ A/S, (Czech Republic), Reg. S, 2.38%, 04/06/2027 |
|
EUR |
1,425 |
|
|
|
1,553 |
|
| Coentreprise de Transport d’Electricite SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 07/29/2028 |
|
EUR |
400 |
|
|
|
422 |
|
| Reg. S, 2.13%, 07/29/2032 |
|
EUR |
100 |
|
|
|
102 |
|
| Reg. S, 3.75%, 01/17/2036 |
|
EUR |
200 |
|
|
|
225 |
|
| Commonwealth Edison Co., |
|
|
|
|
|
|
|
|
| 3.00%, 03/01/2050 |
|
|
5 |
|
|
|
3 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| 4.00%, 03/01/2048 |
|
|
5 |
|
|
|
4 |
|
| 4.35%, 11/15/2045 |
|
|
980 |
|
|
|
881 |
|
| Series 131, 2.75%, 09/01/2051 |
|
|
440 |
|
|
|
290 |
|
| Series 132, 3.15%, 03/15/2032 |
|
|
60 |
|
|
|
55 |
|
| Connecticut Light and Power Co. (The), |
|
|
|
|
|
|
|
|
| 4.95%, 08/15/2034 |
|
|
338 |
|
|
|
347 |
|
| Series A, 2.05%, 07/01/2031 |
|
|
905 |
|
|
|
780 |
|
| Consolidated Edison Co. of New York, Inc., |
|
|
|
|
|
|
|
|
| 3.20%, 12/01/2051 |
|
|
50 |
|
|
|
36 |
|
| 3.60%, 06/15/2061 |
|
|
20 |
|
|
|
15 |
|
| 5.20%, 03/01/2033 |
|
|
10 |
|
|
|
10 |
|
| 6.15%, 11/15/2052 |
|
|
4 |
|
|
|
4 |
|
| Series 20A, 3.35%, 04/01/2030 |
|
|
10 |
|
|
|
10 |
|
| Series A, 4.13%, 05/15/2049 |
|
|
275 |
|
|
|
234 |
|
| Series C, 4.30%, 12/01/2056 |
|
|
740 |
|
|
|
646 |
|
| Constellation Energy Generation LLC, |
|
|
|
|
|
|
|
|
| 5.60%, 06/15/2042 |
|
|
10 |
|
|
|
10 |
|
| 6.50%, 10/01/2053 |
|
|
10 |
|
|
|
12 |
|
| Consumers Energy Co., |
|
|
|
|
|
|
|
|
| 3.75%, 02/15/2050 |
|
|
5 |
|
|
|
4 |
|
| 4.20%, 09/01/2052 |
|
|
20 |
|
|
|
18 |
|
| 4.60%, 05/30/2029 |
|
|
10 |
|
|
|
10 |
|
| Dominion Energy South Carolina, Inc., |
|
|
|
|
|
|
|
|
| 4.60%, 06/15/2043 |
|
|
1,400 |
|
|
|
1,297 |
|
| 6.25%, 10/15/2053 |
|
|
505 |
|
|
|
588 |
|
| Dominion Energy, Inc., |
|
|
|
|
|
|
|
|
| Series A, (CMT Index 5 Year + 2.39%), 6.88%, 02/01/2055 (aa) |
|
|
70 |
|
|
|
75 |
|
| Series B, 4.85%, 08/15/2052 |
|
|
25 |
|
|
|
23 |
|
| Series C, (CMT Index 5 Year + 3.20%), 4.35%, 01/15/2027 (x) (aa) |
|
|
70 |
|
|
|
68 |
|
| DTE Electric Co., |
|
|
|
|
|
|
|
|
| 2.95%, 03/01/2050 |
|
|
5 |
|
|
|
4 |
|
| 3.70%, 03/15/2045 |
|
|
1,100 |
|
|
|
913 |
|
| Series B, 3.25%, 04/01/2051 |
|
|
20 |
|
|
|
15 |
|
| DTE Energy Co., |
|
|
|
|
|
|
|
|
| 2.85%, 10/01/2026 |
|
|
30 |
|
|
|
29 |
|
| 4.95%, 07/01/2027 |
|
|
560 |
|
|
|
570 |
|
| Series C, 3.40%, 06/15/2029 |
|
|
19 |
|
|
|
18 |
|
| Duke Energy Carolinas LLC, |
|
|
|
|
|
|
|
|
| 3.55%, 03/15/2052 |
|
|
10 |
|
|
|
8 |
|
| 4.95%, 01/15/2033 |
|
|
10 |
|
|
|
10 |
|
| 5.35%, 01/15/2053 |
|
|
5 |
|
|
|
5 |
|
| Duke Energy Corp., |
|
|
|
|
|
|
|
|
| 2.45%, 06/01/2030 |
|
|
110 |
|
|
|
99 |
|
| 3.10%, 06/15/2028 |
|
EUR |
2,150 |
|
|
|
2,394 |
|
| 3.50%, 06/15/2051 |
|
|
10 |
|
|
|
7 |
|
| 3.85%, 06/15/2034 |
|
EUR |
2,200 |
|
|
|
2,462 |
|
| 4.50%, 08/15/2032 |
|
|
50 |
|
|
|
49 |
|
| 5.00%, 08/15/2052 |
|
|
30 |
|
|
|
29 |
|
| Duke Energy Florida LLC, 3.00%, 12/15/2051 |
|
|
10 |
|
|
|
7 |
|
| Duke Energy Indiana LLC, |
|
|
|
|
|
|
|
|
| 5.25%, 03/01/2034 |
|
|
10 |
|
|
|
10 |
|
| 5.40%, 04/01/2053 |
|
|
25 |
|
|
|
26 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Duke Energy Ohio, Inc., 4.30%, 02/01/2049 |
|
|
10 |
|
|
|
9 |
|
| Duke Energy Progress LLC, 4.00%, 04/01/2052 |
|
|
20 |
|
|
|
17 |
|
| E.ON International Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 5.88%, 10/30/2037 |
|
GBP |
1,000 |
|
|
|
1,389 |
|
| Reg. S, 6.13%, 07/06/2039 |
|
GBP |
1,650 |
|
|
|
2,335 |
|
| E.ON SE, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 10/07/2025 |
|
EUR |
100 |
|
|
|
109 |
|
| Reg. S, 3.50%, 01/12/2028 |
|
EUR |
11,000 |
|
|
|
12,553 |
|
| Eastern Power Networks plc, (United Kingdom), Reg. S, 5.38%, 02/26/2042 |
|
GBP |
2,800 |
|
|
|
3,690 |
|
| EDP SA, (Portugal), Reg. S, 1.63%, 04/15/2027 |
|
EUR |
200 |
|
|
|
216 |
|
| Electricite de France SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 10/13/2026 |
|
EUR |
600 |
|
|
|
644 |
|
| Reg. S, 1.00%, 11/29/2033 |
|
EUR |
300 |
|
|
|
271 |
|
| Reg. S, 1.88%, 10/13/2036 |
|
EUR |
200 |
|
|
|
183 |
|
| Reg. S, 2.00%, 12/09/2049 |
|
EUR |
700 |
|
|
|
506 |
|
| Reg. S, 4.25%, 01/25/2032 |
|
EUR |
400 |
|
|
|
467 |
|
| Reg. S, 4.38%, 10/12/2029 |
|
EUR |
300 |
|
|
|
353 |
|
| Reg. S, 4.38%, 06/17/2036 |
|
EUR |
100 |
|
|
|
116 |
|
| Reg. S, 4.63%, 01/25/2043 |
|
EUR |
400 |
|
|
|
463 |
|
| Reg. S, 4.75%, 10/12/2034 |
|
EUR |
1,600 |
|
|
|
1,939 |
|
| Reg. S, 4.75%, 06/17/2044 |
|
EUR |
300 |
|
|
|
351 |
|
| Reg. S, 5.13%, 09/22/2050 |
|
GBP |
800 |
|
|
|
915 |
|
| Reg. S, 5.50%, 03/27/2037 |
|
GBP |
500 |
|
|
|
643 |
|
| Reg. S, 5.50%, 10/17/2041 |
|
GBP |
1,000 |
|
|
|
1,246 |
|
| 5.88%, 07/18/2031 |
|
GBP |
465 |
|
|
|
640 |
|
| Reg. S, 6.00%, 01/23/2114 |
|
GBP |
600 |
|
|
|
741 |
|
| Reg. S, 6.13%, 06/02/2034 |
|
GBP |
600 |
|
|
|
832 |
|
| Reg. S, 6.25%, 05/30/2028 |
|
GBP |
3,000 |
|
|
|
4,192 |
|
| Elia Transmission Belgium SA, (Belgium), Reg. S, 3.63%, 01/18/2033 |
|
EUR |
5,400 |
|
|
|
6,185 |
|
| Emera US Finance LP, |
|
|
|
|
|
|
|
|
| 2.64%, 06/15/2031 |
|
|
10 |
|
|
|
9 |
|
| 4.75%, 06/15/2046 |
|
|
45 |
|
|
|
40 |
|
| EnBW Energie Baden-Wuerttemberg AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 1.65%), 1.38%, 08/31/2081 (aa) |
|
EUR |
100 |
|
|
|
100 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 1.73%), 1.63%, 08/05/2079 (aa) |
|
EUR |
100 |
|
|
|
104 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.32%), 1.88%, 06/29/2080 (aa) |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.66%), 5.25%, 01/23/2084 (aa) |
|
EUR |
500 |
|
|
|
578 |
|
| EnBW International Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 03/01/2028 |
|
EUR |
182 |
|
|
|
188 |
|
| Reg. S, 0.50%, 03/01/2033 |
|
EUR |
97 |
|
|
|
86 |
|
| Reg. S, 3.50%, 07/24/2028 |
|
EUR |
120 |
|
|
|
137 |
|
| Reg. S, 3.85%, 05/23/2030 |
|
EUR |
400 |
|
|
|
464 |
|
| Reg. S, 4.00%, 01/24/2035 |
|
EUR |
100 |
|
|
|
116 |
|
| Reg. S, 4.05%, 11/22/2029 |
|
EUR |
200 |
|
|
|
235 |
|
| Reg. S, 4.30%, 05/23/2034 |
|
EUR |
100 |
|
|
|
118 |
|
| Reg. S, 6.13%, 07/07/2039 |
|
EUR |
40 |
|
|
|
56 |
|
| Enel Finance International NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 11/17/2025 |
|
EUR |
2,000 |
|
|
|
2,165 |
|
| Reg. S, 0.25%, 05/28/2026 |
|
EUR |
3,000 |
|
|
|
3,204 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Reg. S, SUB, 0.25%, 06/17/2027 |
|
EUR |
627 |
|
|
|
654 |
|
| Reg. S, 0.38%, 06/17/2027 |
|
EUR |
1,000 |
|
|
|
1,050 |
|
| Reg. S, 0.63%, 05/28/2029 |
|
EUR |
10,000 |
|
|
|
9,982 |
|
| Reg. S, SUB, 0.75%, 06/17/2030 |
|
EUR |
3,000 |
|
|
|
2,931 |
|
| Reg. S, 0.88%, 01/17/2031 |
|
EUR |
3,000 |
|
|
|
2,907 |
|
| Reg. S, 0.88%, 06/17/2036 |
|
EUR |
5,700 |
|
|
|
4,679 |
|
| Reg. S, 1.25%, 01/17/2035 |
|
EUR |
741 |
|
|
|
672 |
|
| 3.50%, 04/06/2028 (e) |
|
|
1,300 |
|
|
|
1,261 |
|
| Reg. S, 3.88%, 03/09/2029 |
|
EUR |
422 |
|
|
|
487 |
|
| Enel SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 5.63%, 06/21/2027 |
|
EUR |
2,000 |
|
|
|
2,408 |
|
| Series 9.5Y, Reg. S, (EUR Swap Rate 5 Year + 2.01%), 1.88%, 06/08/2030 (x) (aa) |
|
EUR |
1,100 |
|
|
|
1,059 |
|
| e-netz Suedhessen AG, (Germany), 6.13%, 04/23/2041 |
|
EUR |
20 |
|
|
|
28 |
|
| Enexis Holding NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 04/14/2033 |
|
EUR |
400 |
|
|
|
359 |
|
| Reg. S, 0.75%, 07/02/2031 |
|
EUR |
134 |
|
|
|
131 |
|
| Reg. S, 0.88%, 04/28/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Engie SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 06/21/2027 |
|
EUR |
1,000 |
|
|
|
1,046 |
|
| Reg. S, 0.38%, 10/26/2029 |
|
EUR |
1,000 |
|
|
|
979 |
|
| Reg. S, 0.50%, 10/24/2030 |
|
EUR |
2,000 |
|
|
|
1,917 |
|
| Reg. S, 1.00%, 10/26/2036 |
|
EUR |
1,000 |
|
|
|
837 |
|
| Reg. S, 1.75%, 03/27/2028 |
|
EUR |
3,000 |
|
|
|
3,216 |
|
| Reg. S, 2.00%, 09/28/2037 |
|
EUR |
1,000 |
|
|
|
919 |
|
| Reg. S, 2.38%, 05/19/2026 |
|
EUR |
3,000 |
|
|
|
3,317 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.17%), 3.25%, 11/28/2024 (x) (aa) |
|
EUR |
1,800 |
|
|
|
2,000 |
|
| Reg. S, 3.75%, 09/06/2027 |
|
EUR |
2,000 |
|
|
|
2,279 |
|
| Reg. S, 5.00%, 10/01/2060 |
|
GBP |
1,000 |
|
|
|
1,185 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.37%), 5.13%, 03/14/2033 (x) (aa) |
|
EUR |
4,400 |
|
|
|
5,020 |
|
| 5.63%, 04/10/2034 (e) |
|
|
1,095 |
|
|
|
1,150 |
|
| Reg. S, 7.00%, 10/30/2028 |
|
GBP |
2,000 |
|
|
|
2,897 |
|
| Entergy Arkansas LLC, |
|
|
|
|
|
|
|
|
| 2.65%, 06/15/2051 |
|
|
85 |
|
|
|
54 |
|
| 4.20%, 04/01/2049 |
|
|
10 |
|
|
|
9 |
|
| Entergy Corp., 0.90%, 09/15/2025 |
|
|
30 |
|
|
|
29 |
|
| Entergy Louisiana LLC, |
|
|
|
|
|
|
|
|
| 1.60%, 12/15/2030 |
|
|
2,300 |
|
|
|
1,955 |
|
| 2.35%, 06/15/2032 |
|
|
30 |
|
|
|
26 |
|
| 3.12%, 09/01/2027 |
|
|
2,500 |
|
|
|
2,438 |
|
| 5.70%, 03/15/2054 |
|
|
44 |
|
|
|
47 |
|
| Entergy Texas, Inc., |
|
|
|
|
|
|
|
|
| 4.00%, 03/30/2029 |
|
|
15 |
|
|
|
15 |
|
| 5.00%, 09/15/2052 |
|
|
20 |
|
|
|
19 |
|
| 5.55%, 09/15/2054 |
|
|
30 |
|
|
|
31 |
|
| ESB Finance DAC, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 07/19/2034 |
|
EUR |
100 |
|
|
|
91 |
|
| Reg. S, 1.13%, 06/11/2030 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 1.88%, 06/14/2031 |
|
EUR |
224 |
|
|
|
231 |
|
| Reg. S, 2.13%, 06/08/2027 |
|
EUR |
100 |
|
|
|
109 |
|
| Reg. S, 3.75%, 01/25/2043 |
|
EUR |
100 |
|
|
|
109 |
|
| Reg. S, 4.00%, 10/03/2028 |
|
EUR |
100 |
|
|
|
116 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Reg. S, 4.25%, 03/03/2036 |
|
EUR |
100 |
|
|
|
119 |
|
| Evergy Kansas Central, Inc., 3.45%, 04/15/2050 |
|
|
5 |
|
|
|
4 |
|
| Evergy Metro, Inc., Series 2020, 2.25%, 06/01/2030 |
|
|
20 |
|
|
|
18 |
|
| Eversource Energy, |
|
|
|
|
|
|
|
|
| 3.38%, 03/01/2032 |
|
|
40 |
|
|
|
36 |
|
| 4.60%, 07/01/2027 |
|
|
100 |
|
|
|
101 |
|
| EWE AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 06/08/2028 |
|
EUR |
200 |
|
|
|
203 |
|
| Reg. S, 0.38%, 10/22/2032 |
|
EUR |
390 |
|
|
|
345 |
|
| Exelon Corp., 2.75%, 03/15/2027 |
|
|
20 |
|
|
|
19 |
|
| Fingrid OYJ, (Finland), Reg. S, 3.25%, 03/20/2034 |
|
EUR |
400 |
|
|
|
450 |
|
| FirstEnergy Corp., Series C, 3.40%, 03/01/2050 |
|
|
10 |
|
|
|
7 |
|
| FirstEnergy Transmission LLC, 4.35%, 01/15/2025 (e) |
|
|
1,100 |
|
|
|
1,098 |
|
| Florida Power & Light Co., |
|
|
|
|
|
|
|
|
| 2.45%, 02/03/2032 |
|
|
20 |
|
|
|
18 |
|
| 2.88%, 12/04/2051 |
|
|
35 |
|
|
|
24 |
|
| 3.95%, 03/01/2048 |
|
|
500 |
|
|
|
429 |
|
| 5.15%, 06/15/2029 |
|
|
10 |
|
|
|
10 |
|
| 5.30%, 04/01/2053 |
|
|
10 |
|
|
|
11 |
|
| FLUVIUS System Operator CV, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 11/24/2031 |
|
EUR |
100 |
|
|
|
93 |
|
| Reg. S, 3.88%, 03/18/2031 |
|
EUR |
200 |
|
|
|
231 |
|
| Reg. S, 3.88%, 05/02/2034 |
|
EUR |
300 |
|
|
|
345 |
|
| FLUVIUS System Operator CVBA, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 05/09/2033 |
|
EUR |
3,500 |
|
|
|
4,033 |
|
| Reg. S, 4.00%, 07/06/2032 |
|
EUR |
200 |
|
|
|
233 |
|
| Fortum OYJ, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 02/27/2029 |
|
EUR |
200 |
|
|
|
214 |
|
| Reg. S, 4.50%, 05/26/2033 |
|
EUR |
300 |
|
|
|
357 |
|
| Georgia Power Co., |
|
|
|
|
|
|
|
|
| 4.70%, 05/15/2032 |
|
|
2,350 |
|
|
|
2,392 |
|
| 5.13%, 05/15/2052 |
|
|
17 |
|
|
|
17 |
|
| Series B, 3.70%, 01/30/2050 |
|
|
10 |
|
|
|
8 |
|
| Hera SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 12/03/2030 |
|
EUR |
160 |
|
|
|
149 |
|
| Reg. S, 0.88%, 07/05/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 1.00%, 04/25/2034 |
|
EUR |
200 |
|
|
|
176 |
|
| Reg. S, 4.25%, 04/20/2033 |
|
EUR |
100 |
|
|
|
117 |
|
| Iberdrola International BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Series NC5, Reg. S, (EUR Swap Rate 5 Year + 2.32%), 1.87%, 01/28/2026 (x) (aa) |
|
EUR |
3,000 |
|
|
|
3,252 |
|
| Series NC8, Reg. S, (EUR Swap Rate 5 Year + 2.57%), 2.25%, 01/28/2029 (x) (aa) |
|
EUR |
2,000 |
|
|
|
2,071 |
|
| Idaho Power Co., 5.80%, 04/01/2054 |
|
|
5 |
|
|
|
5 |
|
| Ignitis Grupe AB, (Lithuania), |
|
|
|
|
|
|
|
|
| Reg. S, 1.88%, 07/10/2028 |
|
EUR |
200 |
|
|
|
210 |
|
| Reg. S, 2.00%, 05/21/2030 |
|
EUR |
110 |
|
|
|
110 |
|
| Interstate Power and Light Co., 3.50%, 09/30/2049 |
|
|
10 |
|
|
|
7 |
|
| Iren SpA, (Italy), Reg. S, 1.00%, 07/01/2030 |
|
EUR |
550 |
|
|
|
552 |
|
| ITC Holdings Corp., 4.95%, 09/22/2027 (e) |
|
|
1,170 |
|
|
|
1,187 |
|
| Kentucky Utilities Co., 3.30%, 06/01/2050 |
|
|
5 |
|
|
|
4 |
|
| MidAmerican Energy Co., 2.70%, 08/01/2052 |
|
|
5 |
|
|
|
3 |
|
| Mississippi Power Co., Series B, 3.10%, 07/30/2051 |
|
|
10 |
|
|
|
7 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| National Grid Electricity Distribution East Midlands plc, (United Kingdom), Reg. S, 6.25%, 12/10/2040 |
|
GBP |
1,000 |
|
|
|
1,413 |
|
| National Grid Electricity Distribution South Wales plc, (United Kingdom), Series WALE, 5.75%, 03/23/2040 |
|
GBP |
2,000 |
|
|
|
2,684 |
|
| National Grid Electricity Distribution South West plc, (United Kingdom), Reg. S, 5.88%, 03/25/2027 |
|
GBP |
20 |
|
|
|
27 |
|
| National Grid Electricity Transmission plc, (United Kingdom), Reg. S, 2.00%, 04/17/2040 |
|
GBP |
425 |
|
|
|
358 |
|
| National Grid plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 09/01/2028 |
|
EUR |
1,000 |
|
|
|
1,001 |
|
| Reg. S, 0.55%, 09/18/2029 |
|
EUR |
175 |
|
|
|
172 |
|
| Reg. S, 2.18%, 06/30/2026 |
|
EUR |
3,925 |
|
|
|
4,315 |
|
| 5.42%, 01/11/2034 |
|
|
10 |
|
|
|
10 |
|
| National Rural Utilities Cooperative Finance Corp., |
|
|
|
|
|
|
|
|
| 3.45%, 06/15/2025 |
|
|
10 |
|
|
|
10 |
|
| 5.80%, 01/15/2033 |
|
|
30 |
|
|
|
32 |
|
| Naturgy Finance Iberia SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 01/15/2026 |
|
EUR |
3,900 |
|
|
|
4,245 |
|
| Reg. S, 1.25%, 04/19/2026 |
|
EUR |
1,000 |
|
|
|
1,087 |
|
| Reg. S, 1.88%, 10/05/2029 |
|
EUR |
1,000 |
|
|
|
1,061 |
|
| Nevada Power Co., 6.00%, 03/15/2054 |
|
|
5 |
|
|
|
5 |
|
| NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
| 2.25%, 06/01/2030 |
|
|
1,180 |
|
|
|
1,054 |
|
| 2.75%, 11/01/2029 |
|
|
5 |
|
|
|
5 |
|
| 3.00%, 01/15/2052 |
|
|
205 |
|
|
|
141 |
|
| 4.63%, 07/15/2027 |
|
|
20 |
|
|
|
20 |
|
| 5.25%, 02/28/2053 |
|
|
365 |
|
|
|
366 |
|
| 5.55%, 03/15/2054 |
|
|
285 |
|
|
|
297 |
|
| 5.75%, 09/01/2025 |
|
|
10 |
|
|
|
10 |
|
| NIE Finance plc, (United Kingdom), Reg. S, 5.88%, 12/01/2032 |
|
GBP |
100 |
|
|
|
141 |
|
| Northern Powergrid Yorkshire plc, (United Kingdom), Reg. S, 5.13%, 05/04/2035 |
|
GBP |
150 |
|
|
|
200 |
|
| Northern States Power Co., |
|
|
|
|
|
|
|
|
| 2.25%, 04/01/2031 |
|
|
1,450 |
|
|
|
1,280 |
|
| 2.60%, 06/01/2051 |
|
|
25 |
|
|
|
16 |
|
| NRG Energy, Inc., |
|
|
|
|
|
|
|
|
| 2.00%, 12/02/2025 (e) |
|
|
2,150 |
|
|
|
2,075 |
|
| 2.45%, 12/02/2027 (e) |
|
|
2,275 |
|
|
|
2,131 |
|
| NSTAR Electric Co., 4.55%, 06/01/2052 |
|
|
470 |
|
|
|
431 |
|
| Oglethorpe Power Corp., 5.05%, 10/01/2048 |
|
|
10 |
|
|
|
9 |
|
| Ohio Power Co., Series R, 2.90%, 10/01/2051 |
|
|
5 |
|
|
|
3 |
|
| Oklahoma Gas and Electric Co., |
|
|
|
|
|
|
|
|
| 4.15%, 04/01/2047 |
|
|
900 |
|
|
|
766 |
|
| 5.60%, 04/01/2053 |
|
|
5 |
|
|
|
5 |
|
| Oncor Electric Delivery Co. LLC, |
|
|
|
|
|
|
|
|
| 3.10%, 09/15/2049 |
|
|
10 |
|
|
|
7 |
|
| 3.70%, 05/15/2050 |
|
|
5 |
|
|
|
4 |
|
| 4.30%, 05/15/2028 |
|
|
20 |
|
|
|
20 |
|
| 4.60%, 06/01/2052 |
|
|
15 |
|
|
|
14 |
|
| 4.95%, 09/15/2052 |
|
|
20 |
|
|
|
19 |
|
| Origin Energy Finance Ltd., (Australia), Reg. S, 1.00%, 09/17/2029 |
|
EUR |
13,992 |
|
|
|
13,848 |
|
| Orsted A/S, (Denmark), |
|
|
|
|
|
|
|
|
| Reg. S, 2.25%, 06/14/2028 |
|
EUR |
1,000 |
|
|
|
1,087 |
|
| Reg. S, 5.75%, 04/09/2040 |
|
GBP |
425 |
|
|
|
576 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Pacific Gas and Electric Co., |
|
|
|
|
|
|
|
|
| 3.15%, 01/01/2026 |
|
|
65 |
|
|
|
64 |
|
| 3.50%, 08/01/2050 |
|
|
10 |
|
|
|
7 |
|
| 3.95%, 12/01/2047 |
|
|
900 |
|
|
|
708 |
|
| 4.40%, 03/01/2032 |
|
|
24 |
|
|
|
23 |
|
| 4.50%, 07/01/2040 |
|
|
30 |
|
|
|
27 |
|
| 4.95%, 07/01/2050 |
|
|
800 |
|
|
|
727 |
|
| 5.25%, 03/01/2052 |
|
|
10 |
|
|
|
9 |
|
| 5.90%, 10/01/2054 |
|
|
20 |
|
|
|
21 |
|
| 6.75%, 01/15/2053 |
|
|
10 |
|
|
|
11 |
|
| PacifiCorp., |
|
|
|
|
|
|
|
|
| 2.90%, 06/15/2052 |
|
|
720 |
|
|
|
465 |
|
| 3.30%, 03/15/2051 |
|
|
1,750 |
|
|
|
1,233 |
|
| 4.13%, 01/15/2049 |
|
|
165 |
|
|
|
137 |
|
| 4.15%, 02/15/2050 |
|
|
110 |
|
|
|
91 |
|
| 5.30%, 02/15/2031 |
|
|
30 |
|
|
|
31 |
|
| 5.35%, 12/01/2053 |
|
|
5 |
|
|
|
5 |
|
| 5.50%, 05/15/2054 |
|
|
10 |
|
|
|
10 |
|
| PECO Energy Co., |
|
|
|
|
|
|
|
|
| 2.80%, 06/15/2050 |
|
|
50 |
|
|
|
34 |
|
| 3.05%, 03/15/2051 |
|
|
435 |
|
|
|
308 |
|
| 4.60%, 05/15/2052 |
|
|
270 |
|
|
|
251 |
|
| 4.90%, 06/15/2033 |
|
|
1,640 |
|
|
|
1,681 |
|
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, (Indonesia), Reg. S, 1.88%, 11/05/2031 |
|
EUR |
1,000 |
|
|
|
953 |
|
| Potomac Electric Power Co., 5.50%, 03/15/2054 |
|
|
5 |
|
|
|
5 |
|
| PPL Capital Funding, Inc., 4.13%, 04/15/2030 |
|
|
40 |
|
|
|
39 |
|
| PPL Electric Utilities Corp., |
|
|
|
|
|
|
|
|
| 4.85%, 02/15/2034 |
|
|
985 |
|
|
|
1,007 |
|
| 5.25%, 05/15/2053 |
|
|
10 |
|
|
|
10 |
|
| Public Service Co. of Colorado, |
|
|
|
|
|
|
|
|
| 5.25%, 04/01/2053 |
|
|
10 |
|
|
|
10 |
|
| 5.75%, 05/15/2054 |
|
|
665 |
|
|
|
719 |
|
| Series 38, 4.10%, 06/01/2032 |
|
|
20 |
|
|
|
20 |
|
| Series 39, 4.50%, 06/01/2052 |
|
|
20 |
|
|
|
18 |
|
| Public Service Electric and Gas Co., |
|
|
|
|
|
|
|
|
| 1.90%, 08/15/2031 |
|
|
5 |
|
|
|
4 |
|
| 2.05%, 08/01/2050 |
|
|
10 |
|
|
|
6 |
|
| 3.00%, 03/01/2051 |
|
|
20 |
|
|
|
14 |
|
| 3.10%, 03/15/2032 |
|
|
30 |
|
|
|
28 |
|
| 3.65%, 09/01/2028 |
|
|
10 |
|
|
|
10 |
|
| 4.65%, 03/15/2033 |
|
|
10 |
|
|
|
10 |
|
| Puget Energy, Inc., |
|
|
|
|
|
|
|
|
| 2.38%, 06/15/2028 |
|
|
1,030 |
|
|
|
954 |
|
| 4.22%, 03/15/2032 |
|
|
20 |
|
|
|
19 |
|
| Puget Sound Energy, Inc., 5.33%, 06/15/2034 |
|
|
10 |
|
|
|
10 |
|
| Redeia Corp. SA, (Spain), Reg. S, 3.38%, 07/09/2032 |
|
EUR |
4,800 |
|
|
|
5,401 |
|
| Ren Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 04/16/2029 |
|
EUR |
1,000 |
|
|
|
999 |
|
| Reg. S, 1.75%, 01/18/2028 |
|
EUR |
1,000 |
|
|
|
1,076 |
|
| RTE Reseau de Transport d’Electricite SADIR, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 01/12/2034 |
|
EUR |
100 |
|
|
|
90 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 07/08/2040 |
|
EUR |
200 |
|
|
|
158 |
|
| Reg. S, 1.13%, 09/09/2049 |
|
EUR |
100 |
|
|
|
67 |
|
| Reg. S, 1.50%, 09/27/2030 |
|
EUR |
100 |
|
|
|
103 |
|
| Reg. S, 1.63%, 11/27/2025 |
|
EUR |
300 |
|
|
|
329 |
|
| Reg. S, 2.00%, 04/18/2036 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 3.50%, 12/07/2031 |
|
EUR |
400 |
|
|
|
456 |
|
| Reg. S, 3.50%, 04/30/2033 |
|
EUR |
200 |
|
|
|
227 |
|
| Reg. S, 3.50%, 10/02/2036 (w) |
|
EUR |
100 |
|
|
|
111 |
|
| Reg. S, 3.75%, 07/04/2035 |
|
EUR |
200 |
|
|
|
228 |
|
| Reg. S, 3.75%, 04/30/2044 |
|
EUR |
200 |
|
|
|
221 |
|
| RWE AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 05/24/2026 |
|
EUR |
2,000 |
|
|
|
2,202 |
|
| Reg. S, 4.13%, 02/13/2035 |
|
EUR |
1,425 |
|
|
|
1,658 |
|
| San Diego Gas & Electric Co., |
|
|
|
|
|
|
|
|
| 4.15%, 05/15/2048 |
|
|
800 |
|
|
|
683 |
|
| 5.55%, 04/15/2054 |
|
|
10 |
|
|
|
11 |
|
| Series WWW, 2.95%, 08/15/2051 |
|
|
5 |
|
|
|
4 |
|
| Series XXX, 3.00%, 03/15/2032 |
|
|
30 |
|
|
|
27 |
|
| Scottish Hydro Electric Transmission plc, (United Kingdom), Reg. S, 2.13%, 03/24/2036 |
|
GBP |
1,500 |
|
|
|
1,483 |
|
| Sempra, |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 2.87%), 4.13%, 04/01/2052 (aa) |
|
|
105 |
|
|
|
100 |
|
| 5.50%, 08/01/2033 |
|
|
10 |
|
|
|
10 |
|
| (CMT Index 5 Year + 2.63%), 6.40%, 10/01/2054 (aa) |
|
|
50 |
|
|
|
50 |
|
| Southern California Edison Co., |
|
|
|
|
|
|
|
|
| 2.75%, 02/01/2032 |
|
|
40 |
|
|
|
36 |
|
| 3.45%, 02/01/2052 |
|
|
40 |
|
|
|
30 |
|
| 3.65%, 02/01/2050 |
|
|
10 |
|
|
|
8 |
|
| 4.00%, 04/01/2047 |
|
|
140 |
|
|
|
117 |
|
| 4.05%, 03/15/2042 |
|
|
900 |
|
|
|
776 |
|
| 4.65%, 10/01/2043 |
|
|
500 |
|
|
|
466 |
|
| 5.20%, 06/01/2034 |
|
|
10 |
|
|
|
10 |
|
| 5.88%, 12/01/2053 |
|
|
10 |
|
|
|
11 |
|
| Series B, 3.65%, 03/01/2028 |
|
|
5 |
|
|
|
5 |
|
| Series C, 4.13%, 03/01/2048 |
|
|
265 |
|
|
|
223 |
|
| Southern Co. (The), |
|
|
|
|
|
|
|
|
| 5.20%, 06/15/2033 |
|
|
20 |
|
|
|
21 |
|
| 5.70%, 10/15/2032 |
|
|
10 |
|
|
|
11 |
|
| 5.70%, 03/15/2034 |
|
|
5 |
|
|
|
5 |
|
| Series 21-A, (CMT Index 5 Year + 2.92%), 3.75%, 09/15/2051 (aa) |
|
|
10 |
|
|
|
10 |
|
| Series A, 3.70%, 04/30/2030 |
|
|
15 |
|
|
|
14 |
|
| Southwestern Electric Power Co., |
|
|
|
|
|
|
|
|
| 3.25%, 11/01/2051 |
|
|
35 |
|
|
|
24 |
|
| 5.30%, 04/01/2033 |
|
|
20 |
|
|
|
20 |
|
| Series N, 1.65%, 03/15/2026 |
|
|
10 |
|
|
|
10 |
|
| Southwestern Public Service Co., |
|
|
|
|
|
|
|
|
| 3.70%, 08/15/2047 |
|
|
1,000 |
|
|
|
792 |
|
| Series 8, 3.15%, 05/01/2050 |
|
|
20 |
|
|
|
14 |
|
| SP Transmission plc, (United Kingdom), Reg. S, 2.00%, 11/13/2031 |
|
GBP |
100 |
|
|
|
112 |
|
| SSE plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 09/04/2027 |
|
EUR |
3,000 |
|
|
|
3,217 |
|
| Reg. S, 6.25%, 08/27/2038 |
|
GBP |
3,000 |
|
|
|
4,344 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| State Grid Overseas Investment BVI Ltd., (British Virgin Islands), Reg. S, 1.30%, 08/05/2032 |
|
EUR |
500 |
|
|
|
488 |
|
| Stedin Holding NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 11/14/2029 |
|
EUR |
300 |
|
|
|
296 |
|
| Reg. S, 0.88%, 10/24/2025 |
|
EUR |
100 |
|
|
|
109 |
|
| Reg. S, 1.38%, 09/19/2028 |
|
EUR |
200 |
|
|
|
211 |
|
| Reg. S, 2.38%, 06/03/2030 |
|
EUR |
400 |
|
|
|
431 |
|
| System Energy Resources, Inc., 6.00%, 04/15/2028 |
|
|
190 |
|
|
|
199 |
|
| Tampa Electric Co., 4.30%, 06/15/2048 |
|
|
10 |
|
|
|
9 |
|
| Tauron Polska Energia SA, (Poland), Reg. S, 2.38%, 07/05/2027 |
|
EUR |
3,550 |
|
|
|
3,790 |
|
| TenneT Holding BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 11/30/2040 |
|
EUR |
200 |
|
|
|
144 |
|
| Reg. S, 0.88%, 06/03/2030 |
|
EUR |
120 |
|
|
|
120 |
|
| Reg. S, 0.88%, 06/16/2035 |
|
EUR |
300 |
|
|
|
264 |
|
| Reg. S, 1.00%, 06/13/2026 |
|
EUR |
200 |
|
|
|
216 |
|
| Reg. S, 1.13%, 06/09/2041 |
|
EUR |
300 |
|
|
|
236 |
|
| Reg. S, 1.38%, 06/26/2029 |
|
EUR |
100 |
|
|
|
105 |
|
| Reg. S, 1.63%, 11/17/2026 |
|
EUR |
450 |
|
|
|
488 |
|
| Reg. S, 2.00%, 06/05/2034 |
|
EUR |
100 |
|
|
|
101 |
|
| Reg. S, 2.75%, 05/17/2042 |
|
EUR |
200 |
|
|
|
195 |
|
| Reg. S, 4.25%, 04/28/2032 |
|
EUR |
200 |
|
|
|
238 |
|
| Reg. S, 4.50%, 10/28/2034 |
|
EUR |
500 |
|
|
|
611 |
|
| Reg. S, 4.75%, 10/28/2042 |
|
EUR |
100 |
|
|
|
122 |
|
| Terna - Rete Elettrica Nazionale, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 09/25/2030 |
|
EUR |
825 |
|
|
|
782 |
|
| Reg. S, 0.75%, 07/24/2032 |
|
EUR |
200 |
|
|
|
186 |
|
| Reg. S, 1.00%, 10/11/2028 |
|
EUR |
1,000 |
|
|
|
1,043 |
|
| Reg. S, 1.38%, 07/26/2027 |
|
EUR |
2,125 |
|
|
|
2,283 |
|
| Reg. S, 3.50%, 01/17/2031 |
|
EUR |
7,100 |
|
|
|
8,031 |
|
| Tucson Electric Power Co., |
|
|
|
|
|
|
|
|
| 1.50%, 08/01/2030 |
|
|
30 |
|
|
|
26 |
|
| 3.25%, 05/01/2051 |
|
|
10 |
|
|
|
7 |
|
| 5.20%, 09/15/2034 |
|
|
1,220 |
|
|
|
1,247 |
|
| Union Electric Co., |
|
|
|
|
|
|
|
|
| 2.15%, 03/15/2032 |
|
|
40 |
|
|
|
34 |
|
| 3.90%, 04/01/2052 |
|
|
30 |
|
|
|
25 |
|
| 5.20%, 04/01/2034 |
|
|
65 |
|
|
|
68 |
|
| Vattenfall AB, (Sweden), Reg. S, 3.88%, 11/24/2025 |
|
SEK |
2,000 |
|
|
|
199 |
|
| Verbund AG, (Austria), Reg. S, 0.90%, 04/01/2041 |
|
EUR |
100 |
|
|
|
75 |
|
| Virginia Electric and Power Co., |
|
|
|
|
|
|
|
|
| 3.30%, 12/01/2049 |
|
|
10 |
|
|
|
7 |
|
| 5.05%, 08/15/2034 |
|
|
273 |
|
|
|
280 |
|
| 5.35%, 01/15/2054 |
|
|
5 |
|
|
|
5 |
|
| 5.45%, 04/01/2053 |
|
|
10 |
|
|
|
11 |
|
| Series B, 3.80%, 09/15/2047 |
|
|
10 |
|
|
|
8 |
|
| Series C, 4.63%, 05/15/2052 |
|
|
10 |
|
|
|
9 |
|
| WEC Energy Group, Inc., |
|
|
|
|
|
|
|
|
| 3.55%, 06/15/2025 |
|
|
7 |
|
|
|
7 |
|
| 5.00%, 09/27/2025 |
|
|
30 |
|
|
|
30 |
|
| Wisconsin Power and Light Co., 3.00%, 07/01/2029 |
|
|
10 |
|
|
|
9 |
|
| Wisconsin Public Service Corp., 3.30%, 09/01/2049 |
|
|
15 |
|
|
|
11 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Xcel Energy, Inc., |
|
|
|
|
|
|
|
|
| 1.75%, 03/15/2027 |
|
|
10 |
|
|
|
10 |
|
| 4.60%, 06/01/2032 |
|
|
165 |
|
|
|
163 |
|
| Zapadoslovenska Energetika A/S, (Slovakia), Reg. S, 1.75%, 03/02/2028 |
|
EUR |
100 |
|
|
|
105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
254,411 |
|
|
|
|
|
|
|
|
|
|
| Gas — 0.3% |
|
|
|
|
|
|
|
|
| APA Infrastructure Ltd., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 03/22/2027 |
|
EUR |
2,000 |
|
|
|
2,166 |
|
| Reg. S, 2.00%, 07/15/2030 |
|
EUR |
1,000 |
|
|
|
1,032 |
|
| Reg. S, 3.50%, 03/22/2030 |
|
GBP |
2,430 |
|
|
|
2,983 |
|
| Atmos Energy Corp., |
|
|
|
|
|
|
|
|
| 1.50%, 01/15/2031 |
|
|
1,600 |
|
|
|
1,354 |
|
| 2.63%, 09/15/2029 |
|
|
5 |
|
|
|
5 |
|
| 2.85%, 02/15/2052 |
|
|
5 |
|
|
|
3 |
|
| 3.38%, 09/15/2049 |
|
|
200 |
|
|
|
151 |
|
| 5.75%, 10/15/2052 |
|
|
10 |
|
|
|
11 |
|
| Cadent Finance plc, (United Kingdom), Reg. S, 2.63%, 09/22/2038 |
|
GBP |
1,725 |
|
|
|
1,631 |
|
| CenterPoint Energy Resources Corp., 5.25%, 03/01/2028 |
|
|
20 |
|
|
|
21 |
|
| Centrica plc, (United Kingdom), Reg. S, 4.25%, 09/12/2044 |
|
GBP |
1,000 |
|
|
|
1,103 |
|
| Italgas SpA, (Italy), Reg. S, 1.00%, 12/11/2031 |
|
EUR |
1,125 |
|
|
|
1,080 |
|
| National Gas Transmission plc, (United Kingdom), Reg. S, 1.38%, 02/07/2031 |
|
GBP |
1,600 |
|
|
|
1,702 |
|
| National Grid North America, Inc., Reg. S, 0.41%, 01/20/2026 |
|
EUR |
2,500 |
|
|
|
2,690 |
|
| Nederlandse Gasunie NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 10/13/2036 |
|
EUR |
100 |
|
|
|
82 |
|
| Reg. S, 3.38%, 07/11/2034 |
|
EUR |
200 |
|
|
|
228 |
|
| Reg. S, 3.88%, 04/29/2044 |
|
EUR |
200 |
|
|
|
230 |
|
| NiSource, Inc., |
|
|
|
|
|
|
|
|
| 3.49%, 05/15/2027 |
|
|
10 |
|
|
|
10 |
|
| 3.60%, 05/01/2030 |
|
|
5 |
|
|
|
5 |
|
| 4.38%, 05/15/2047 |
|
|
5 |
|
|
|
4 |
|
| 5.00%, 06/15/2052 |
|
|
10 |
|
|
|
10 |
|
| 5.40%, 06/30/2033 |
|
|
10 |
|
|
|
10 |
|
| (CMT Index 5 Year + 2.53%), 6.38%, 03/31/2055 (aa) |
|
|
60 |
|
|
|
61 |
|
| ONE Gas, Inc., 4.25%, 09/01/2032 |
|
|
10 |
|
|
|
10 |
|
| Piedmont Natural Gas Co., Inc., |
|
|
|
|
|
|
|
|
| 2.50%, 03/15/2031 |
|
|
1,550 |
|
|
|
1,367 |
|
| 3.35%, 06/01/2050 |
|
|
5 |
|
|
|
3 |
|
| 5.05%, 05/15/2052 |
|
|
570 |
|
|
|
548 |
|
| Snam SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 12/07/2028 |
|
EUR |
500 |
|
|
|
493 |
|
| Reg. S, 0.88%, 10/25/2026 |
|
EUR |
6,000 |
|
|
|
6,430 |
|
| Southern California Gas Co., |
|
|
|
|
|
|
|
|
| 5.05%, 09/01/2034 |
|
|
865 |
|
|
|
891 |
|
| Series WW, 3.95%, 02/15/2050 |
|
|
40 |
|
|
|
33 |
|
| Southern Co. Gas Capital Corp., |
|
|
|
|
|
|
|
|
| 5.15%, 09/15/2032 |
|
|
10 |
|
|
|
10 |
|
| 5.75%, 09/15/2033 |
|
|
10 |
|
|
|
11 |
|
| Series 20-A, 1.75%, 01/15/2031 |
|
|
3,700 |
|
|
|
3,135 |
|
| Series 21A, 3.15%, 09/30/2051 |
|
|
5 |
|
|
|
4 |
|
| Southern Gas Networks plc, (United Kingdom), 6.38%, 05/15/2040 |
|
GBP |
825 |
|
|
|
1,165 |
|
| Southwest Gas Corp., 4.05%, 03/15/2032 |
|
|
15 |
|
|
|
14 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Gas — continued |
|
|
|
|
|
|
|
|
| SPP-Distribucia A/S, (Slovakia), Reg. S, 1.00%, 06/09/2031 |
|
EUR |
200 |
|
|
|
180 |
|
| Vier Gas Transport GmbH, (Germany), Reg. S, 0.50%, 09/10/2034 |
|
EUR |
1,200 |
|
|
|
1,010 |
|
| Wales & West Utilities Finance plc, (United Kingdom), Reg. S, 1.88%, 05/28/2041 |
|
GBP |
825 |
|
|
|
670 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,546 |
|
|
|
|
|
|
|
|
|
|
| Water — 0.1% |
|
|
|
|
|
|
|
|
| Affinity Water Finance 2004 plc, (United Kingdom), 5.88%, 07/13/2026 |
|
GBP |
30 |
|
|
|
40 |
|
| American Water Capital Corp., |
|
|
|
|
|
|
|
|
| 4.15%, 06/01/2049 |
|
|
10 |
|
|
|
9 |
|
| 4.45%, 06/01/2032 |
|
|
40 |
|
|
|
40 |
|
| Essential Utilities, Inc., |
|
|
|
|
|
|
|
|
| 2.40%, 05/01/2031 |
|
|
10 |
|
|
|
9 |
|
| 5.38%, 01/15/2034 |
|
|
10 |
|
|
|
10 |
|
| Northumbrian Water Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 10/11/2026 |
|
GBP |
825 |
|
|
|
1,019 |
|
| Reg. S, 5.13%, 01/23/2042 |
|
GBP |
1,000 |
|
|
|
1,169 |
|
| Reg. S, 5.63%, 04/29/2033 |
|
GBP |
425 |
|
|
|
560 |
|
| Thames Water Utilities Finance plc, (United Kingdom), Reg. S, 0.88%, 01/31/2028 |
|
EUR |
2,375 |
|
|
|
1,903 |
|
| United Utilities Water Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 07/03/2033 |
|
GBP |
900 |
|
|
|
935 |
|
| Reg. S, 5.75%, 05/28/2051 |
|
GBP |
3,275 |
|
|
|
4,226 |
|
| Wessex Water Services Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 09/17/2029 |
|
GBP |
2,700 |
|
|
|
2,943 |
|
| Reg. S, 5.38%, 03/10/2028 |
|
GBP |
2,425 |
|
|
|
3,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,036 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
302,993 |
|
|
|
|
|
|
|
|
|
|
| Total Corporate Bonds
(Cost $3,314,008) |
|
|
|
|
|
|
3,447,057 |
|
|
|
|
|
|
|
|
|
|
| Foreign Government Securities — 54.7% |
|
|
|
|
|
|
|
|
| Action Logement Services, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 10/05/2031 |
|
EUR |
500 |
|
|
|
468 |
|
| Reg. S, 3.13%, 09/28/2037 |
|
EUR |
300 |
|
|
|
323 |
|
| Reg. S, 3.63%, 05/25/2043 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 4.13%, 10/03/2038 |
|
EUR |
100 |
|
|
|
118 |
|
| Adif Alta Velocidad, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.55%, 04/30/2030 |
|
EUR |
100 |
|
|
|
98 |
|
| Reg. S, 0.55%, 10/31/2031 |
|
EUR |
200 |
|
|
|
188 |
|
| Reg. S, 0.95%, 04/30/2027 |
|
EUR |
200 |
|
|
|
213 |
|
| Reg. S, 3.25%, 05/31/2029 |
|
EUR |
800 |
|
|
|
904 |
|
| Reg. S, 3.50%, 07/30/2028 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, 3.50%, 07/30/2029 |
|
EUR |
200 |
|
|
|
229 |
|
| Reg. S, 3.50%, 04/30/2032 |
|
EUR |
100 |
|
|
|
115 |
|
| Reg. S, 3.65%, 04/30/2034 |
|
EUR |
100 |
|
|
|
114 |
|
| Agence Francaise de Developpement EPIC, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 09/29/2031 |
|
EUR |
300 |
|
|
|
275 |
|
| Reg. S, 0.25%, 07/21/2026 |
|
EUR |
1,100 |
|
|
|
1,175 |
|
| Reg. S, 0.25%, 06/29/2029 |
|
EUR |
400 |
|
|
|
396 |
|
| Reg. S, 0.38%, 05/25/2036 |
|
EUR |
500 |
|
|
|
401 |
|
| Reg. S, 0.50%, 05/25/2030 |
|
EUR |
200 |
|
|
|
196 |
|
| Reg. S, 0.50%, 05/31/2035 |
|
EUR |
500 |
|
|
|
426 |
|
| Reg. S, 1.00%, 01/31/2028 |
|
EUR |
1,600 |
|
|
|
1,690 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 03/02/2037 |
|
EUR |
300 |
|
|
|
261 |
|
| Reg. S, 1.50%, 10/31/2034 |
|
EUR |
900 |
|
|
|
865 |
|
| Reg. S, 1.63%, 05/25/2032 |
|
EUR |
200 |
|
|
|
202 |
|
| Reg. S, 3.00%, 01/17/2034 |
|
EUR |
300 |
|
|
|
332 |
|
| Reg. S, 3.38%, 05/25/2033 |
|
EUR |
500 |
|
|
|
572 |
|
| Reg. S, 3.50%, 02/25/2033 |
|
EUR |
100 |
|
|
|
115 |
|
| Agence France Locale, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/20/2027 |
|
EUR |
500 |
|
|
|
515 |
|
| Reg. S, 0.00%, 03/20/2031 |
|
EUR |
100 |
|
|
|
93 |
|
| Reg. S, 0.13%, 06/20/2026 |
|
EUR |
400 |
|
|
|
427 |
|
| Reg. S, 1.13%, 06/20/2028 |
|
EUR |
1,000 |
|
|
|
1,052 |
|
| Reg. S, 3.00%, 03/20/2030 |
|
EUR |
300 |
|
|
|
336 |
|
| Reg. S, 3.13%, 03/20/2034 |
|
EUR |
200 |
|
|
|
223 |
|
| Reg. S, 3.25%, 12/20/2031 |
|
EUR |
400 |
|
|
|
453 |
|
| Reg. S, 3.63%, 06/20/2038 |
|
EUR |
100 |
|
|
|
113 |
|
| Agricultural Development Bank of China, (China), |
|
|
|
|
|
|
|
|
| 2.87%, 05/14/2027 |
|
CNY |
44,200 |
|
|
|
6,449 |
|
| 2.91%, 02/21/2029 |
|
CNY |
18,000 |
|
|
|
2,655 |
|
| Reg. S, 3.40%, 11/06/2024 |
|
CNH |
56,000 |
|
|
|
8,004 |
|
| 3.48%, 02/04/2028 |
|
CNY |
10,400 |
|
|
|
1,552 |
|
| Reg. S, 3.80%, 10/27/2030 |
|
CNH |
14,350 |
|
|
|
2,199 |
|
| Series 1618, 3.58%, 04/22/2026 |
|
CNY |
10,000 |
|
|
|
1,463 |
|
| Series 1806, 4.65%, 05/11/2028 |
|
CNY |
38,100 |
|
|
|
5,920 |
|
| Series 1901, 3.75%, 01/25/2029 |
|
CNY |
88,500 |
|
|
|
13,495 |
|
| Series 1906, 3.74%, 07/12/2029 |
|
CNY |
55,100 |
|
|
|
8,464 |
|
| Series 1908, 3.63%, 07/19/2026 |
|
CNY |
136,000 |
|
|
|
19,990 |
|
| Series 2004, 2.96%, 04/17/2030 |
|
CNY |
94,300 |
|
|
|
14,018 |
|
| Series 2010, 3.79%, 10/26/2030 |
|
CNY |
5,000 |
|
|
|
778 |
|
| Series 2103, 3.35%, 03/24/2026 |
|
CNY |
37,000 |
|
|
|
5,392 |
|
| Series 2105, 3.52%, 05/24/2031 |
|
CNY |
38,600 |
|
|
|
5,939 |
|
| Series 2108, 2.99%, 08/11/2026 |
|
CNY |
126,000 |
|
|
|
18,326 |
|
| Series 2110, 3.30%, 11/05/2031 |
|
CNY |
125,800 |
|
|
|
19,148 |
|
| Series 2202, 2.74%, 02/23/2027 |
|
CNY |
9,800 |
|
|
|
1,425 |
|
| Series 2205, 3.06%, 06/06/2032 |
|
CNY |
61,400 |
|
|
|
9,216 |
|
| Series 2207, 2.50%, 08/24/2027 |
|
CNY |
68,300 |
|
|
|
9,892 |
|
| Series 2210, 2.97%, 10/14/2032 |
|
CNY |
135,300 |
|
|
|
20,222 |
|
| Series 2212, 2.60%, 12/01/2025 |
|
CNY |
7,200 |
|
|
|
1,036 |
|
| Series 2301, 3.01%, 03/16/2030 |
|
CNY |
10,000 |
|
|
|
1,488 |
|
| Series 2302, 3.10%, 02/27/2033 |
|
CNY |
59,600 |
|
|
|
8,989 |
|
| Series 2303, 2.90%, 03/08/2028 |
|
CNY |
137,900 |
|
|
|
20,245 |
|
| Series 2304, 2.72%, 03/16/2026 |
|
CNY |
3,200 |
|
|
|
462 |
|
| Series 2307, 2.63%, 06/07/2028 |
|
CNY |
115,300 |
|
|
|
16,780 |
|
| Series 2310, 2.83%, 06/16/2033 |
|
CNY |
43,500 |
|
|
|
6,433 |
|
| Series 2313, 2.35%, 09/07/2026 |
|
CNY |
130,700 |
|
|
|
18,795 |
|
| Series 2320, 2.85%, 10/20/2033 |
|
CNY |
27,900 |
|
|
|
4,139 |
|
| Series 2410, 2.47%, 04/02/2034 |
|
CNY |
25,000 |
|
|
|
3,598 |
|
| Series 2420, 2.30%, 07/04/2034 |
|
CNY |
18,400 |
|
|
|
2,612 |
|
| Andorra International Bond, (Andorra), |
|
|
|
|
|
|
|
|
| Reg. S, 1.25%, 02/23/2027 |
|
EUR |
800 |
|
|
|
851 |
|
| Reg. S, 1.25%, 05/06/2031 |
|
EUR |
1,000 |
|
|
|
983 |
|
| Auckland Council, (New Zealand), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 09/26/2029 |
|
EUR |
200 |
|
|
|
197 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 11/17/2031 |
|
EUR |
200 |
|
|
|
188 |
|
| Reg. S, 1.00%, 01/19/2027 |
|
EUR |
300 |
|
|
|
323 |
|
| Reg. S, 1.50%, 11/28/2025 |
|
CHF |
300 |
|
|
|
358 |
|
| Australia Government Bond, (Australia), |
|
|
|
|
|
|
|
|
| Series 136, Reg. S, 4.75%, 04/21/2027 |
|
AUD |
5,470 |
|
|
|
3,892 |
|
| Series 138, Reg. S, 3.25%, 04/21/2029 |
|
AUD |
3,200 |
|
|
|
2,181 |
|
| Series 139, Reg. S, 3.25%, 04/21/2025 |
|
AUD |
1,475 |
|
|
|
1,015 |
|
| Series 142, Reg. S, 4.25%, 04/21/2026 |
|
AUD |
4,040 |
|
|
|
2,818 |
|
| Series 144, Reg. S, 3.75%, 04/21/2037 |
|
AUD |
820 |
|
|
|
547 |
|
| Series 147, Reg. S, 3.25%, 06/21/2039 |
|
AUD |
1,730 |
|
|
|
1,068 |
|
| Series 149, Reg. S, 2.25%, 05/21/2028 |
|
AUD |
7,880 |
|
|
|
5,211 |
|
| Series 150, Reg. S, 3.00%, 03/21/2047 |
|
AUD |
1,926 |
|
|
|
1,044 |
|
| Series 152, Reg. S, 2.75%, 11/21/2028 |
|
AUD |
6,428 |
|
|
|
4,308 |
|
| Series 154, Reg. S, 2.75%, 11/21/2029 |
|
AUD |
605 |
|
|
|
401 |
|
| Series 155, Reg. S, 2.50%, 05/21/2030 |
|
AUD |
8,465 |
|
|
|
5,502 |
|
| Series 156, Reg. S, 2.75%, 05/21/2041 |
|
AUD |
2,480 |
|
|
|
1,390 |
|
| Series 157, Reg. S, 1.50%, 06/21/2031 |
|
AUD |
4,300 |
|
|
|
2,572 |
|
| Series 158, 1.25%, 05/21/2032 |
|
AUD |
7,510 |
|
|
|
4,296 |
|
| Series 160, Reg. S, 1.00%, 12/21/2030 |
|
AUD |
2,850 |
|
|
|
1,673 |
|
| Series 161, Reg. S, 0.25%, 11/21/2025 |
|
AUD |
3,490 |
|
|
|
2,318 |
|
| Series 162, Reg. S, 1.75%, 06/21/2051 |
|
AUD |
1,860 |
|
|
|
726 |
|
| Series 163, Reg. S, 1.00%, 11/21/2031 |
|
AUD |
1,730 |
|
|
|
986 |
|
| Series 164, Reg. S, 0.50%, 09/21/2026 |
|
AUD |
4,960 |
|
|
|
3,229 |
|
| Series 165, Reg. S, 1.75%, 11/21/2032 |
|
AUD |
5,800 |
|
|
|
3,408 |
|
| Series 166, Reg. S, 3.00%, 11/21/2033 |
|
AUD |
4,720 |
|
|
|
3,023 |
|
| Series 167, Reg. S, 3.75%, 05/21/2034 |
|
AUD |
3,040 |
|
|
|
2,063 |
|
| Series 168, Reg. S, 3.50%, 12/21/2034 |
|
AUD |
5,060 |
|
|
|
3,350 |
|
| Series 169, Reg. S, 4.75%, 06/21/2054 |
|
AUD |
1,120 |
|
|
|
795 |
|
| Australian Capital Territory, (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 05/17/2030 |
|
AUD |
400 |
|
|
|
243 |
|
| Reg. S, 4.50%, 10/23/2034 |
|
AUD |
400 |
|
|
|
268 |
|
| Autobahnen- und Schnell- strassen-Finanzierungs AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.10%, 07/09/2029 |
|
EUR |
700 |
|
|
|
701 |
|
| Reg. S, 0.10%, 07/16/2035 |
|
EUR |
100 |
|
|
|
84 |
|
| Reg. S, 2.75%, 06/11/2032 |
|
EUR |
300 |
|
|
|
339 |
|
| Reg. S, 2.75%, 06/20/2033 |
|
EUR |
130 |
|
|
|
146 |
|
| Autonomous Community of Andalusia Spain, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 04/30/2031 |
|
EUR |
363 |
|
|
|
346 |
|
| Reg. S, 1.38%, 04/30/2029 |
|
EUR |
30 |
|
|
|
32 |
|
| Reg. S, 3.40%, 04/30/2034 |
|
EUR |
500 |
|
|
|
569 |
|
| Autonomous Community of Catalonia, (Spain), 4.22%, 04/26/2035 |
|
EUR |
100 |
|
|
|
115 |
|
| Autonomous Community of Madrid Spain, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.42%, 04/30/2030 |
|
EUR |
161 |
|
|
|
158 |
|
| Reg. S, 0.42%, 04/30/2031 |
|
EUR |
300 |
|
|
|
287 |
|
| Reg. S, 1.57%, 04/30/2029 |
|
EUR |
200 |
|
|
|
213 |
|
| Reg. S, 1.72%, 04/30/2032 |
|
EUR |
110 |
|
|
|
113 |
|
| Reg. S, 1.77%, 04/30/2028 |
|
EUR |
200 |
|
|
|
217 |
|
| Reg. S, 2.82%, 10/31/2029 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 3.46%, 04/30/2034 |
|
EUR |
300 |
|
|
|
346 |
|
| Reg. S, 3.60%, 04/30/2033 |
|
EUR |
400 |
|
|
|
467 |
|
| 4.30%, 09/15/2026 |
|
EUR |
500 |
|
|
|
575 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Autonomous Region of the Azores, (Portugal), |
|
|
|
|
|
|
|
|
| Reg. S, 1.10%, 09/27/2036 |
|
EUR |
200 |
|
|
|
169 |
|
| Reg. S, 2.16%, 04/06/2032 |
|
EUR |
300 |
|
|
|
312 |
|
| Bangko Sentral ng Pilipinas International Bond, (Philippines), Series A, 8.60%, 06/15/2027 |
|
|
300 |
|
|
|
328 |
|
| Basque Government, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 04/30/2031 |
|
EUR |
300 |
|
|
|
285 |
|
| Reg. S, 0.45%, 04/30/2032 |
|
EUR |
200 |
|
|
|
187 |
|
| Reg. S, 0.85%, 04/30/2030 |
|
EUR |
50 |
|
|
|
51 |
|
| Reg. S, 1.75%, 03/16/2026 |
|
EUR |
170 |
|
|
|
187 |
|
| Reg. S, 3.40%, 04/30/2034 |
|
EUR |
300 |
|
|
|
345 |
|
| Reg. S, 3.50%, 04/30/2033 |
|
EUR |
100 |
|
|
|
117 |
|
| Bermuda Government International Bond, (Bermuda), 2.38%, 08/20/2030 (e) |
|
|
670 |
|
|
|
589 |
|
| BNG Bank NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Zero Coupon, 04/05/2028 |
|
CAD |
1,000 |
|
|
|
667 |
|
| Reg. S, 0.00%, 01/20/2031 |
|
EUR |
200 |
|
|
|
191 |
|
| Reg. S, 0.01%, 10/05/2032 |
|
EUR |
500 |
|
|
|
455 |
|
| Reg. S, 0.10%, 01/15/2030 |
|
EUR |
320 |
|
|
|
316 |
|
| Reg. S, 0.13%, 04/11/2026 |
|
EUR |
530 |
|
|
|
571 |
|
| Reg. S, 0.13%, 04/19/2033 |
|
EUR |
700 |
|
|
|
632 |
|
| Reg. S, 0.13%, 07/09/2035 |
|
EUR |
580 |
|
|
|
490 |
|
| Reg. S, 0.25%, 11/22/2036 |
|
EUR |
300 |
|
|
|
246 |
|
| Reg. S, 0.63%, 06/19/2027 |
|
EUR |
650 |
|
|
|
693 |
|
| Reg. S, 0.75%, 01/11/2028 |
|
EUR |
500 |
|
|
|
530 |
|
| Reg. S, 0.81%, 06/28/2049 |
|
EUR |
200 |
|
|
|
133 |
|
| Reg. S, 0.88%, 10/17/2035 |
|
EUR |
100 |
|
|
|
92 |
|
| Reg. S, 0.88%, 10/24/2036 |
|
EUR |
400 |
|
|
|
357 |
|
| Reg. S, 1.25%, 03/30/2037 |
|
EUR |
200 |
|
|
|
185 |
|
| Reg. S, 1.50%, 03/29/2038 |
|
EUR |
190 |
|
|
|
177 |
|
| Reg. S, 1.50%, 07/15/2039 |
|
EUR |
170 |
|
|
|
155 |
|
| Reg. S, 1.88%, 07/13/2032 |
|
EUR |
820 |
|
|
|
869 |
|
| Reg. S, 2.75%, 10/04/2027 |
|
EUR |
1,910 |
|
|
|
2,156 |
|
| Reg. S, 2.75%, 04/05/2029 |
|
EUR |
300 |
|
|
|
339 |
|
| Reg. S, 2.75%, 01/11/2034 |
|
EUR |
300 |
|
|
|
336 |
|
| Reg. S, 3.00%, 02/23/2028 |
|
EUR |
600 |
|
|
|
684 |
|
| Reg. S, 3.00%, 04/23/2030 |
|
EUR |
500 |
|
|
|
573 |
|
| Reg. S, 3.00%, 01/11/2033 |
|
EUR |
500 |
|
|
|
573 |
|
| Reg. S, 3.25%, 08/29/2033 |
|
EUR |
550 |
|
|
|
642 |
|
| Reg. S, 3.50%, 09/27/2038 |
|
EUR |
100 |
|
|
|
118 |
|
| Bonos de la Tesoreria de la Republica en pesos, (Chile), Reg. S, 4.70%, 09/01/2030 (e) |
|
CLP |
300,000 |
|
|
|
327 |
|
| Bpifrance SACA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 11/25/2028 |
|
EUR |
300 |
|
|
|
301 |
|
| Reg. S, 0.25%, 03/29/2030 |
|
EUR |
200 |
|
|
|
195 |
|
| Reg. S, 0.25%, 06/04/2031 |
|
EUR |
200 |
|
|
|
188 |
|
| Reg. S, 0.63%, 05/25/2026 |
|
EUR |
500 |
|
|
|
540 |
|
| Reg. S, 0.88%, 09/26/2028 |
|
EUR |
200 |
|
|
|
208 |
|
| Reg. S, 2.13%, 11/29/2027 |
|
EUR |
400 |
|
|
|
440 |
|
| Reg. S, 2.88%, 11/25/2029 |
|
EUR |
500 |
|
|
|
561 |
|
| Reg. S, 3.00%, 09/10/2026 |
|
EUR |
1,800 |
|
|
|
2,022 |
|
| Reg. S, 3.38%, 11/25/2032 |
|
EUR |
200 |
|
|
|
230 |
|
| Reg. S, 3.38%, 05/25/2034 |
|
EUR |
1,000 |
|
|
|
1,142 |
|
| Reg. S, 3.50%, 09/27/2027 |
|
EUR |
200 |
|
|
|
229 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Bulgaria Government International Bond, (Bulgaria), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 09/23/2050 |
|
EUR |
1,300 |
|
|
|
876 |
|
| Reg. S, 4.13%, 09/23/2029 |
|
EUR |
1,000 |
|
|
|
1,163 |
|
| Reg. S, 4.50%, 01/27/2033 |
|
EUR |
6,000 |
|
|
|
7,180 |
|
| Reg. S, 4.63%, 09/23/2034 |
|
EUR |
1,000 |
|
|
|
1,207 |
|
| Series 12YR, Reg. S, 3.00%, 03/21/2028 |
|
EUR |
800 |
|
|
|
893 |
|
| Bundesobligation, (Germany), |
|
|
|
|
|
|
|
|
| Series 183, Reg. S, 0.00%, 04/10/2026 |
|
EUR |
14,576 |
|
|
|
15,723 |
|
| Series 184, Reg. S, 0.00%, 10/09/2026 |
|
EUR |
3,690 |
|
|
|
3,946 |
|
| Series 185, Reg. S, 0.00%, 04/16/2027 |
|
EUR |
2,083 |
|
|
|
2,209 |
|
| Series 186, Reg. S, 1.30%, 10/15/2027 |
|
EUR |
4,080 |
|
|
|
4,465 |
|
| Series 187, Reg. S, 2.20%, 04/13/2028 |
|
EUR |
3,120 |
|
|
|
3,506 |
|
| Series 188, Reg. S, 2.40%, 10/19/2028 |
|
EUR |
650 |
|
|
|
737 |
|
| Series 189, Reg. S, 2.10%, 04/12/2029 |
|
EUR |
2,950 |
|
|
|
3,305 |
|
| Series G, Reg. S, 0.00%, 10/10/2025 |
|
EUR |
1,400 |
|
|
|
1,522 |
|
| Series G, Reg. S, 2.10%, 04/12/2029 |
|
EUR |
8,940 |
|
|
|
10,020 |
|
| Bundesrepublik Deutschland Bundesanleihe, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 08/15/2026 |
|
EUR |
5,510 |
|
|
|
5,911 |
|
| Reg. S, 0.00%, 11/15/2027 |
|
EUR |
2,951 |
|
|
|
3,098 |
|
| Reg. S, 0.00%, 11/15/2028 |
|
EUR |
1,385 |
|
|
|
1,429 |
|
| Reg. S, 0.00%, 08/15/2029 |
|
EUR |
5,432 |
|
|
|
5,521 |
|
| Reg. S, 0.00%, 02/15/2030 |
|
EUR |
7,293 |
|
|
|
7,338 |
|
| Reg. S, 0.00%, 08/15/2030 |
|
EUR |
1,540 |
|
|
|
1,535 |
|
| Reg. S, 0.00%, 02/15/2031 |
|
EUR |
1,739 |
|
|
|
1,716 |
|
| Reg. S, 0.00%, 08/15/2031 |
|
EUR |
3,460 |
|
|
|
3,376 |
|
| Reg. S, 0.00%, 02/15/2032 |
|
EUR |
6,744 |
|
|
|
6,505 |
|
| Reg. S, 0.00%, 05/15/2035 |
|
EUR |
2,829 |
|
|
|
2,502 |
|
| Reg. S, 0.00%, 05/15/2036 |
|
EUR |
2,870 |
|
|
|
2,468 |
|
| Reg. S, 0.00%, 08/15/2050 |
|
EUR |
9,701 |
|
|
|
5,798 |
|
| Reg. S, 0.00%, 08/15/2052 |
|
EUR |
6,475 |
|
|
|
3,689 |
|
| Reg. S, 0.25%, 02/15/2027 |
|
EUR |
4,730 |
|
|
|
5,065 |
|
| Reg. S, 0.25%, 08/15/2028 |
|
EUR |
2,899 |
|
|
|
3,036 |
|
| Reg. S, 0.25%, 02/15/2029 |
|
EUR |
4,610 |
|
|
|
4,789 |
|
| Reg. S, 0.50%, 02/15/2026 |
|
EUR |
5,197 |
|
|
|
5,658 |
|
| Reg. S, 0.50%, 08/15/2027 |
|
EUR |
6,576 |
|
|
|
7,045 |
|
| Reg. S, 0.50%, 02/15/2028 |
|
EUR |
6,910 |
|
|
|
7,355 |
|
| Reg. S, 1.00%, 05/15/2038 |
|
EUR |
5,082 |
|
|
|
4,777 |
|
| Reg. S, 1.25%, 08/15/2048 |
|
EUR |
6,290 |
|
|
|
5,492 |
|
| Reg. S, 1.70%, 08/15/2032 |
|
EUR |
2,310 |
|
|
|
2,519 |
|
| Reg. S, 1.80%, 08/15/2053 |
|
EUR |
4,760 |
|
|
|
4,586 |
|
| Reg. S, 2.10%, 11/15/2029 |
|
EUR |
3,620 |
|
|
|
4,059 |
|
| Reg. S, 2.20%, 02/15/2034 |
|
EUR |
3,660 |
|
|
|
4,110 |
|
| Reg. S, 2.30%, 02/15/2033 |
|
EUR |
6,930 |
|
|
|
7,874 |
|
| Reg. S, 2.40%, 11/15/2030 |
|
EUR |
4,370 |
|
|
|
4,981 |
|
| Reg. S, 2.50%, 07/04/2044 |
|
EUR |
6,635 |
|
|
|
7,422 |
|
| Reg. S, 2.50%, 08/15/2046 |
|
EUR |
5,146 |
|
|
|
5,759 |
|
| Reg. S, 2.50%, 08/15/2054 |
|
EUR |
2,705 |
|
|
|
3,037 |
|
| Reg. S, 2.60%, 08/15/2034 |
|
EUR |
2,520 |
|
|
|
2,922 |
|
| Reg. S, 3.25%, 07/04/2042 |
|
EUR |
3,326 |
|
|
|
4,128 |
|
| Reg. S, 4.00%, 01/04/2037 |
|
EUR |
1,493 |
|
|
|
1,963 |
|
| Reg. S, 4.25%, 07/04/2039 |
|
EUR |
7,684 |
|
|
|
10,509 |
|
| Reg. S, 4.75%, 07/04/2034 |
|
EUR |
9,511 |
|
|
|
13,024 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 07/04/2040 |
|
EUR |
2,264 |
|
|
|
3,286 |
|
| Reg. S, 5.50%, 01/04/2031 |
|
EUR |
300 |
|
|
|
403 |
|
| Reg. S, 5.63%, 01/04/2028 |
|
EUR |
780 |
|
|
|
969 |
|
| Reg. S, 6.25%, 01/04/2030 |
|
EUR |
1,025 |
|
|
|
1,382 |
|
| Reg. S, 6.50%, 07/04/2027 |
|
EUR |
16,810 |
|
|
|
20,965 |
|
| Reg. S, 2.60%, 08/15/2033 |
|
EUR |
2,180 |
|
|
|
2,532 |
|
| Series G, Reg. S, 0.00%, 08/15/2030 |
|
EUR |
1,320 |
|
|
|
1,316 |
|
| Series G, Reg. S, 0.00%, 08/15/2031 |
|
EUR |
9,760 |
|
|
|
9,522 |
|
| Series G, Reg. S, 0.00%, 08/15/2050 |
|
EUR |
1,102 |
|
|
|
660 |
|
| Series G, Reg. S, 1.80%, 08/15/2053 |
|
EUR |
2,408 |
|
|
|
2,323 |
|
| Series G, Reg. S, 2.30%, 02/15/2033 |
|
EUR |
1,850 |
|
|
|
2,102 |
|
| Bundesschatzanweisungen, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.90%, 06/18/2026 |
|
EUR |
3,120 |
|
|
|
3,517 |
|
| Series 2Y, Reg. S, 3.10%, 12/12/2025 |
|
EUR |
2,130 |
|
|
|
2,393 |
|
| Caisse d’Amortissement de la Dette Sociale, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 02/25/2028 |
|
EUR |
200 |
|
|
|
205 |
|
| Reg. S, 0.00%, 05/25/2029 |
|
EUR |
500 |
|
|
|
494 |
|
| Reg. S, 0.00%, 11/25/2030 |
|
EUR |
700 |
|
|
|
662 |
|
| Reg. S, 0.00%, 05/25/2031 |
|
EUR |
1,000 |
|
|
|
932 |
|
| Reg. S, 0.13%, 09/15/2031 |
|
EUR |
300 |
|
|
|
279 |
|
| Reg. S, 0.45%, 01/19/2032 |
|
EUR |
800 |
|
|
|
757 |
|
| Reg. S, 0.60%, 11/25/2029 |
|
EUR |
600 |
|
|
|
603 |
|
| Reg. S, 1.50%, 05/25/2032 |
|
EUR |
1,500 |
|
|
|
1,524 |
|
| Reg. S, 1.75%, 11/25/2027 |
|
EUR |
700 |
|
|
|
763 |
|
| Reg. S, 2.75%, 09/24/2027 |
|
EUR |
400 |
|
|
|
449 |
|
| Reg. S, 2.75%, 02/25/2029 |
|
EUR |
2,400 |
|
|
|
2,689 |
|
| Reg. S, 2.75%, 11/25/2032 |
|
EUR |
400 |
|
|
|
443 |
|
| Reg. S, 2.88%, 05/25/2027 |
|
EUR |
700 |
|
|
|
788 |
|
| Reg. S, 3.00%, 05/25/2028 |
|
EUR |
800 |
|
|
|
905 |
|
| Reg. S, 3.00%, 11/25/2031 |
|
EUR |
600 |
|
|
|
679 |
|
| Reg. S, 3.13%, 03/01/2030 |
|
EUR |
1,000 |
|
|
|
1,141 |
|
| Reg. S, 4.00%, 12/15/2025 |
|
EUR |
1,383 |
|
|
|
1,564 |
|
| Caisse des Depots et Consignations, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.00%, 11/25/2027 |
|
EUR |
400 |
|
|
|
452 |
|
| Reg. S, 3.00%, 05/25/2028 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.00%, 05/25/2029 |
|
EUR |
400 |
|
|
|
453 |
|
| Reg. S, 3.13%, 05/25/2033 |
|
EUR |
200 |
|
|
|
226 |
|
| Caisse Francaise de Financement Local, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 06/30/2031 |
|
EUR |
100 |
|
|
|
93 |
|
| Reg. S, 0.50%, 01/19/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 1.25%, 05/11/2032 |
|
EUR |
100 |
|
|
|
100 |
|
| Reg. S, 3.00%, 10/02/2028 |
|
EUR |
5,000 |
|
|
|
5,655 |
|
| Reg. S, 3.13%, 11/24/2033 |
|
EUR |
100 |
|
|
|
114 |
|
| Reg. S, 3.13%, 05/17/2039 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.63%, 01/17/2029 |
|
EUR |
100 |
|
|
|
116 |
|
| Canadian Government Bond, (Canada), |
|
|
|
|
|
|
|
|
| 1.00%, 06/01/2027 |
|
CAD |
200 |
|
|
|
142 |
|
| 1.25%, 03/01/2025 |
|
CAD |
1,115 |
|
|
|
816 |
|
| 1.50%, 06/01/2031 |
|
CAD |
600 |
|
|
|
408 |
|
| 1.75%, 12/01/2053 |
|
CAD |
400 |
|
|
|
218 |
|
| 2.00%, 06/01/2032 |
|
CAD |
600 |
|
|
|
417 |
|
| 2.00%, 12/01/2051 |
|
CAD |
530 |
|
|
|
310 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| 3.50%, 03/01/2028 |
|
CAD |
500 |
|
|
|
379 |
|
| 3.50%, 09/01/2029 |
|
CAD |
100 |
|
|
|
77 |
|
| 3.50%, 12/01/2045 |
|
CAD |
2,090 |
|
|
|
1,636 |
|
| 4.00%, 06/01/2041 |
|
CAD |
150 |
|
|
|
124 |
|
| Canton of Zurich, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 11/10/2033 |
|
CHF |
700 |
|
|
|
777 |
|
| Reg. S, 0.10%, 06/23/2045 |
|
CHF |
50 |
|
|
|
51 |
|
| Cassa Depositi e Prestiti SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 1.00%, 09/21/2028 |
|
EUR |
300 |
|
|
|
309 |
|
| Reg. S, 2.00%, 04/20/2027 |
|
EUR |
200 |
|
|
|
219 |
|
| Reg. S, 3.63%, 01/13/2030 |
|
EUR |
400 |
|
|
|
456 |
|
| Reg. S, 3.88%, 02/13/2029 |
|
EUR |
200 |
|
|
|
230 |
|
| CDP Financial, Inc., (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 04/06/2027 |
|
EUR |
2,000 |
|
|
|
2,157 |
|
| 5.60%, 11/25/2039 (e) |
|
|
250 |
|
|
|
271 |
|
| Chile Government International Bond, (Chile), |
|
|
|
|
|
|
|
|
| 0.83%, 07/02/2031 |
|
EUR |
1,050 |
|
|
|
1,002 |
|
| 1.25%, 01/22/2051 |
|
EUR |
6,900 |
|
|
|
4,417 |
|
| 1.30%, 07/26/2036 |
|
EUR |
1,000 |
|
|
|
872 |
|
| 2.55%, 07/27/2033 |
|
|
200 |
|
|
|
171 |
|
| 4.13%, 07/05/2034 |
|
EUR |
4,047 |
|
|
|
4,704 |
|
| China Development Bank, (China), |
|
|
|
|
|
|
|
|
| Reg. S, 2.95%, 07/19/2027 |
|
CNH |
15,000 |
|
|
|
2,193 |
|
| Reg. S, 3.23%, 11/27/2025 |
|
CNH |
10,000 |
|
|
|
1,449 |
|
| Reg. S, 4.20%, 01/19/2027 |
|
CNH |
13,000 |
|
|
|
1,939 |
|
| Reg. S, 4.30%, 08/02/2032 |
|
CNH |
7,000 |
|
|
|
1,129 |
|
| Reg. S, 4.50%, 11/13/2028 |
|
CNH |
2,500 |
|
|
|
391 |
|
| Series 1605, 3.80%, 01/25/2036 |
|
CNY |
98,000 |
|
|
|
15,928 |
|
| Series 1613, 3.05%, 08/25/2026 |
|
CNY |
208,000 |
|
|
|
30,292 |
|
| Series 1710, 4.04%, 04/10/2027 |
|
CNY |
244,900 |
|
|
|
36,711 |
|
| Series 1715, 4.24%, 08/24/2027 |
|
CNY |
20,000 |
|
|
|
3,035 |
|
| Series 1810, 4.04%, 07/06/2028 |
|
CNY |
139,200 |
|
|
|
21,299 |
|
| Series 1814, 4.15%, 10/26/2025 |
|
CNY |
7,200 |
|
|
|
1,052 |
|
| Series 1904, 3.68%, 02/26/2026 |
|
CNY |
700 |
|
|
|
102 |
|
| Series 1905, 3.48%, 01/08/2029 |
|
CNY |
328,200 |
|
|
|
49,552 |
|
| Series 1910, 3.65%, 05/21/2029 |
|
CNY |
286,500 |
|
|
|
43,724 |
|
| Series 1915, 3.45%, 09/20/2029 |
|
CNY |
66,300 |
|
|
|
10,060 |
|
| Series 2004, 3.43%, 01/14/2027 |
|
CNY |
14,500 |
|
|
|
2,137 |
|
| Series 2005, 3.07%, 03/10/2030 |
|
CNY |
41,600 |
|
|
|
6,220 |
|
| Series 2009, 3.39%, 07/10/2027 |
|
CNY |
28,000 |
|
|
|
4,148 |
|
| Series 2010, 3.09%, 06/18/2030 |
|
CNY |
36,000 |
|
|
|
5,390 |
|
| Series 2015, 3.70%, 10/20/2030 |
|
CNY |
18,000 |
|
|
|
2,796 |
|
| Series 2104, 3.40%, 01/08/2028 |
|
CNY |
8,000 |
|
|
|
1,192 |
|
| Series 2105, 3.66%, 03/01/2031 |
|
CNY |
64,700 |
|
|
|
10,011 |
|
| Series 2108, 2.83%, 09/10/2026 |
|
CNY |
16,800 |
|
|
|
2,438 |
|
| Series 2110, 3.41%, 06/07/2031 |
|
CNY |
81,400 |
|
|
|
12,454 |
|
| Series 2115, 3.12%, 09/13/2031 |
|
CNY |
83,800 |
|
|
|
12,632 |
|
| Series 2204, 2.99%, 03/01/2029 |
|
CNY |
4,000 |
|
|
|
593 |
|
| Series 2205, 3.00%, 01/17/2032 |
|
CNY |
182,200 |
|
|
|
27,242 |
|
| Series 2210, 2.98%, 04/22/2032 |
|
CNY |
52,700 |
|
|
|
7,871 |
|
| Series 2215, 2.96%, 07/18/2032 |
|
CNY |
120,600 |
|
|
|
17,994 |
|
| Series 2220, 2.77%, 10/24/2032 |
|
CNY |
166,600 |
|
|
|
24,537 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 2305, 3.02%, 03/06/2033 |
|
CNY |
97,300 |
|
|
|
14,621 |
|
| Series 2307, 2.25%, 07/06/2026 |
|
CNY |
35,400 |
|
|
|
5,081 |
|
| Series 2310, 2.82%, 05/22/2033 |
|
CNY |
95,400 |
|
|
|
14,110 |
|
| Series 2315, 2.69%, 09/11/2033 |
|
CNY |
110,000 |
|
|
|
16,115 |
|
| Series 2318, 2.35%, 10/16/2025 |
|
CNY |
3,500 |
|
|
|
502 |
|
| Series 2402, 2.34%, 01/05/2027 |
|
CNY |
35,000 |
|
|
|
5,041 |
|
| Series 2405, 2.63%, 01/08/2034 |
|
CNY |
17,200 |
|
|
|
2,510 |
|
| Series 2415, 2.26%, 07/19/2034 |
|
CNY |
28,500 |
|
|
|
4,050 |
|
| China Government Bond, (China), |
|
|
|
|
|
|
|
|
| 2.11%, 08/25/2034 |
|
CNY |
64,900 |
|
|
|
9,193 |
|
| 2.18%, 08/15/2026 |
|
CNY |
171,500 |
|
|
|
24,704 |
|
| 2.27%, 05/25/2034 |
|
CNY |
60,000 |
|
|
|
8,606 |
|
| 2.28%, 03/25/2031 |
|
CNY |
22,600 |
|
|
|
3,284 |
|
| 2.30%, 05/15/2026 |
|
CNY |
127,800 |
|
|
|
18,442 |
|
| 2.35%, 02/25/2034 |
|
CNY |
33,600 |
|
|
|
4,846 |
|
| 2.37%, 01/20/2027 |
|
CNY |
283,000 |
|
|
|
41,084 |
|
| 2.40%, 07/15/2028 |
|
CNY |
55,000 |
|
|
|
8,004 |
|
| 2.44%, 10/15/2027 |
|
CNY |
602,200 |
|
|
|
87,749 |
|
| 2.46%, 02/15/2026 |
|
CNY |
470,000 |
|
|
|
67,741 |
|
| 2.48%, 04/15/2027 |
|
CNY |
148,300 |
|
|
|
21,591 |
|
| 2.48%, 09/25/2028 |
|
CNY |
117,900 |
|
|
|
17,230 |
|
| 2.52%, 08/25/2033 |
|
CNY |
54,500 |
|
|
|
7,964 |
|
| 2.60%, 09/15/2030 |
|
CNY |
172,700 |
|
|
|
25,354 |
|
| 2.60%, 09/01/2032 |
|
CNY |
307,900 |
|
|
|
45,238 |
|
| 2.62%, 04/15/2028 |
|
CNY |
25,000 |
|
|
|
3,666 |
|
| 2.62%, 09/25/2029 |
|
CNY |
56,000 |
|
|
|
8,279 |
|
| 2.62%, 06/25/2030 |
|
CNY |
264,500 |
|
|
|
38,831 |
|
| 2.65%, 03/25/2074 |
|
CNY |
73,900 |
|
|
|
11,430 |
|
| 2.67%, 05/25/2033 |
|
CNY |
54,800 |
|
|
|
8,095 |
|
| 2.67%, 11/25/2033 |
|
CNY |
70,300 |
|
|
|
10,398 |
|
| 2.68%, 05/21/2030 |
|
CNY |
517,300 |
|
|
|
76,184 |
|
| 2.69%, 08/15/2032 |
|
CNY |
33,400 |
|
|
|
4,937 |
|
| Reg. S, 2.71%, 06/16/2033 |
|
CNH |
11,000 |
|
|
|
1,605 |
|
| 2.75%, 06/15/2029 |
|
CNY |
132,500 |
|
|
|
19,635 |
|
| 2.75%, 02/17/2032 |
|
CNY |
221,300 |
|
|
|
32,857 |
|
| 2.76%, 05/15/2032 |
|
CNY |
208,500 |
|
|
|
30,990 |
|
| 2.80%, 03/24/2029 |
|
CNY |
283,600 |
|
|
|
42,042 |
|
| 2.80%, 03/25/2030 |
|
CNY |
14,000 |
|
|
|
2,085 |
|
| 2.80%, 11/15/2032 |
|
CNY |
69,400 |
|
|
|
10,366 |
|
| Reg. S, 2.82%, 08/12/2032 |
|
CNY |
10,000 |
|
|
|
1,469 |
|
| 2.85%, 06/04/2027 |
|
CNY |
272,800 |
|
|
|
40,107 |
|
| 2.88%, 02/25/2033 |
|
CNY |
9,000 |
|
|
|
1,352 |
|
| 2.89%, 11/18/2031 |
|
CNY |
187,300 |
|
|
|
28,176 |
|
| 3.00%, 10/15/2053 |
|
CNY |
4,600 |
|
|
|
748 |
|
| 3.12%, 10/25/2052 |
|
CNY |
173,600 |
|
|
|
28,595 |
|
| 3.19%, 04/15/2053 |
|
CNY |
9,400 |
|
|
|
1,569 |
|
| 3.27%, 03/25/2073 |
|
CNY |
117,870 |
|
|
|
21,192 |
|
| Reg. S, 3.31%, 11/30/2025 |
|
CNH |
2,000 |
|
|
|
291 |
|
| 3.32%, 04/15/2052 |
|
CNY |
301,030 |
|
|
|
50,172 |
|
| Reg. S, 3.38%, 11/21/2024 |
|
CNH |
3,000 |
|
|
|
429 |
|
| Reg. S, 3.38%, 07/04/2026 |
|
CNH |
24,000 |
|
|
|
3,521 |
|
| 3.39%, 03/16/2050 |
|
CNY |
49,540 |
|
|
|
8,441 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| 3.53%, 10/18/2051 |
|
CNY |
133,600 |
|
|
|
23,462 |
|
| Reg. S, 3.60%, 06/27/2028 |
|
CNH |
26,500 |
|
|
|
3,990 |
|
| Reg. S, 3.60%, 05/21/2030 |
|
CNH |
8,500 |
|
|
|
1,299 |
|
| 3.72%, 04/12/2051 |
|
CNY |
97,700 |
|
|
|
17,517 |
|
| 3.73%, 05/25/2070 |
|
CNY |
14,670 |
|
|
|
2,890 |
|
| 3.81%, 09/14/2050 |
|
CNY |
87,700 |
|
|
|
15,966 |
|
| Reg. S, 3.85%, 12/12/2026 |
|
CNH |
19,000 |
|
|
|
2,826 |
|
| Reg. S, 3.90%, 07/04/2036 |
|
CNH |
13,500 |
|
|
|
2,213 |
|
| Reg. S, 4.00%, 11/30/2035 |
|
CNH |
30,500 |
|
|
|
5,013 |
|
| Reg. S, 4.15%, 12/04/2027 |
|
CNH |
20,000 |
|
|
|
3,040 |
|
| Reg. S, 4.15%, 12/12/2031 |
|
CNH |
3,000 |
|
|
|
479 |
|
| Reg. S, 4.29%, 05/22/2029 |
|
CNH |
3,000 |
|
|
|
469 |
|
| Reg. S, 4.40%, 12/12/2046 |
|
CNH |
26,000 |
|
|
|
4,701 |
|
| Series 1908, 4.00%, 06/24/2069 |
|
CNY |
5,000 |
|
|
|
1,024 |
|
| Series 2216, 2.50%, 07/25/2027 |
|
CNY |
81,700 |
|
|
|
11,901 |
|
| China Government International Bond, (China), Reg. S, 0.13%, 11/12/2026 |
|
EUR |
8,700 |
|
|
|
9,184 |
|
| City of Milan Italy, (Italy), 4.02%, 06/29/2035 |
|
EUR |
40 |
|
|
|
45 |
|
| City of Montreal Canada, (Canada), 1.75%, 09/01/2030 |
|
CAD |
500 |
|
|
|
339 |
|
| City of Ottawa Ontario, (Canada), 4.45%, 06/04/2033 |
|
CAD |
200 |
|
|
|
157 |
|
| City of Quebec Canada, (Canada), |
|
|
|
|
|
|
|
|
| 2.10%, 07/06/2031 |
|
CAD |
300 |
|
|
|
202 |
|
| 2.65%, 12/20/2027 |
|
CAD |
565 |
|
|
|
410 |
|
| City of Toronto Canada, (Canada), |
|
|
|
|
|
|
|
|
| 2.60%, 09/24/2039 |
|
CAD |
300 |
|
|
|
183 |
|
| 2.95%, 04/28/2035 |
|
CAD |
200 |
|
|
|
136 |
|
| Colombia Government International Bond, (Colombia), 9.85%, 06/28/2027 |
|
COP |
500,000 |
|
|
|
117 |
|
| Communaute Francaise de Belgique, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 01/23/2030 |
|
EUR |
300 |
|
|
|
294 |
|
| Reg. S, 1.63%, 05/03/2032 |
|
EUR |
200 |
|
|
|
203 |
|
| Reg. S, 3.38%, 06/22/2034 |
|
EUR |
200 |
|
|
|
228 |
|
| Reg. S, 3.75%, 06/22/2033 |
|
EUR |
100 |
|
|
|
117 |
|
| Comunidad Autonoma de Canarias, (Spain), Reg. S, 0.71%, 10/31/2031 |
|
EUR |
300 |
|
|
|
287 |
|
| Corp. de Reservas Estrategicas de Productos Petroliferos Cores, (Spain), Reg. S, 1.75%, 11/24/2027 |
|
EUR |
200 |
|
|
|
217 |
|
| CPPIB Capital, Inc., (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 04/06/2027 |
|
EUR |
2,550 |
|
|
|
2,692 |
|
| Reg. S, 0.75%, 07/15/2049 |
|
EUR |
600 |
|
|
|
399 |
|
| Reg. S, 1.63%, 10/22/2071 |
|
GBP |
2,000 |
|
|
|
1,095 |
|
| Croatia Government International Bond, (Croatia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.13%, 06/19/2029 |
|
EUR |
300 |
|
|
|
311 |
|
| Reg. S, 1.50%, 06/17/2031 |
|
EUR |
120 |
|
|
|
123 |
|
| Reg. S, 1.75%, 03/04/2041 |
|
EUR |
500 |
|
|
|
449 |
|
| Reg. S, 2.70%, 06/15/2028 |
|
EUR |
510 |
|
|
|
569 |
|
| Reg. S, 2.88%, 04/22/2032 |
|
EUR |
520 |
|
|
|
579 |
|
| Reg. S, 3.00%, 03/20/2027 |
|
EUR |
300 |
|
|
|
336 |
|
| Reg. S, 3.38%, 03/12/2034 |
|
EUR |
1,230 |
|
|
|
1,402 |
|
| Cyprus Government International Bond, (Cyprus), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 01/21/2030 |
|
EUR |
235 |
|
|
|
237 |
|
| Reg. S, 0.95%, 01/20/2032 |
|
EUR |
300 |
|
|
|
295 |
|
| Reg. S, 1.25%, 01/21/2040 |
|
EUR |
720 |
|
|
|
592 |
|
| Reg. S, 2.25%, 04/16/2050 |
|
EUR |
10 |
|
|
|
9 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 05/03/2049 |
|
EUR |
230 |
|
|
|
226 |
|
| Reg. S, 3.25%, 06/27/2031 |
|
EUR |
239 |
|
|
|
275 |
|
| Reg. S, 4.13%, 04/13/2033 |
|
EUR |
360 |
|
|
|
438 |
|
| Czech Republic Government Bond, (Czech Republic), |
|
|
|
|
|
|
|
|
| Series 49, Reg. S, 4.20%, 12/04/2036 |
|
CZK |
5,390 |
|
|
|
246 |
|
| Series 53, Reg. S, 4.85%, 11/26/2057 |
|
CZK |
2,340 |
|
|
|
112 |
|
| Series 78, Reg. S, 2.50%, 08/25/2028 |
|
CZK |
39,010 |
|
|
|
1,669 |
|
| Series 89, Reg. S, 2.40%, 09/17/2025 |
|
CZK |
16,910 |
|
|
|
739 |
|
| Series 94, Reg. S, 0.95%, 05/15/2030 |
|
CZK |
17,380 |
|
|
|
671 |
|
| Series 95, Reg. S, 1.00%, 06/26/2026 |
|
CZK |
25,480 |
|
|
|
1,080 |
|
| Series 100, 0.25%, 02/10/2027 |
|
CZK |
60,340 |
|
|
|
2,476 |
|
| Series 103, 2.00%, 10/13/2033 |
|
CZK |
20,000 |
|
|
|
769 |
|
| Series 105, 2.75%, 07/23/2029 |
|
CZK |
29,860 |
|
|
|
1,282 |
|
| Series 121, 1.20%, 03/13/2031 |
|
CZK |
27,250 |
|
|
|
1,046 |
|
| Series 125, 1.50%, 04/24/2040 |
|
CZK |
22,990 |
|
|
|
724 |
|
| Series 130, 0.05%, 11/29/2029 |
|
CZK |
13,030 |
|
|
|
486 |
|
| Series 138, 1.75%, 06/23/2032 |
|
CZK |
20,400 |
|
|
|
791 |
|
| Series 142, 1.95%, 07/30/2037 |
|
CZK |
12,960 |
|
|
|
459 |
|
| Series 145, 3.50%, 05/30/2035 |
|
CZK |
11,300 |
|
|
|
486 |
|
| Series 148, 6.00%, 02/26/2026 |
|
CZK |
5,910 |
|
|
|
270 |
|
| Series 149, 5.50%, 12/12/2028 |
|
CZK |
10,640 |
|
|
|
509 |
|
| Series 150, 5.00%, 09/30/2030 |
|
CZK |
4,140 |
|
|
|
198 |
|
| Series 151, 4.90%, 04/14/2034 |
|
CZK |
22,710 |
|
|
|
1,093 |
|
| Series 152, 6.20%, 06/16/2031 |
|
CZK |
17,600 |
|
|
|
904 |
|
| Series 153, 5.75%, 03/29/2029 |
|
CZK |
18,100 |
|
|
|
878 |
|
| Series 154, 4.50%, 11/11/2032 |
|
CZK |
14,800 |
|
|
|
693 |
|
| Series 156, 3.00%, 03/03/2033 |
|
CZK |
13,630 |
|
|
|
572 |
|
| Denmark Government Bond, (Denmark), |
|
|
|
|
|
|
|
|
| 0.25%, 11/15/2052 |
|
DKK |
8,661 |
|
|
|
744 |
|
| 0.50%, 11/15/2027 |
|
DKK |
20,078 |
|
|
|
2,880 |
|
| 0.50%, 11/15/2029 |
|
DKK |
13,494 |
|
|
|
1,884 |
|
| 1.75%, 11/15/2025 |
|
DKK |
5,460 |
|
|
|
812 |
|
| 2.25%, 11/15/2033 |
|
DKK |
9,720 |
|
|
|
1,479 |
|
| 4.50%, 11/15/2039 |
|
DKK |
17,230 |
|
|
|
3,286 |
|
| Series G, 0.00%, 11/15/2031 |
|
DKK |
960 |
|
|
|
126 |
|
| Series G, 2.25%, 11/15/2033 |
|
DKK |
3,650 |
|
|
|
556 |
|
| Series TWIN, 0.00%, 11/15/2031 |
|
DKK |
14,257 |
|
|
|
1,862 |
|
| Development Bank of Japan, Inc., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 10/10/2025 |
|
EUR |
1,000 |
|
|
|
1,092 |
|
| Reg. S, 2.13%, 09/01/2026 |
|
EUR |
1,000 |
|
|
|
1,105 |
|
| 4.75%, 11/26/2027 |
|
EUR |
900 |
|
|
|
1,070 |
|
| Series 86, 0.24%, 10/13/2027 |
|
JPY |
100,000 |
|
|
|
689 |
|
| Emissionskonsortium der gemeinsamen Landesfoerderinstitute, (Germany), Reg. S, 2.50%, 09/28/2029 |
|
EUR |
100 |
|
|
|
112 |
|
| Estonia Government International Bond, (Estonia), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 06/10/2030 |
|
EUR |
200 |
|
|
|
192 |
|
| Reg. S, 3.25%, 01/17/2034 |
|
EUR |
400 |
|
|
|
452 |
|
| Reg. S, 4.00%, 10/12/2032 |
|
EUR |
290 |
|
|
|
347 |
|
| European Financial Stability Facility, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/13/2027 |
|
EUR |
4,325 |
|
|
|
4,493 |
|
| Reg. S, 0.00%, 01/20/2031 |
|
EUR |
9,600 |
|
|
|
9,157 |
|
| Reg. S, 0.05%, 10/17/2029 |
|
EUR |
9,000 |
|
|
|
8,916 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 01/18/2052 |
|
EUR |
1,000 |
|
|
|
504 |
|
| Reg. S, 0.63%, 10/16/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 0.70%, 01/20/2050 |
|
EUR |
2,500 |
|
|
|
1,649 |
|
| Reg. S, 0.88%, 04/10/2035 |
|
EUR |
15,900 |
|
|
|
14,704 |
|
| Reg. S, 1.20%, 02/17/2045 |
|
EUR |
2,325 |
|
|
|
1,880 |
|
| Reg. S, 1.70%, 02/13/2043 |
|
EUR |
1,900 |
|
|
|
1,726 |
|
| Reg. S, 1.75%, 07/17/2053 |
|
EUR |
2,050 |
|
|
|
1,705 |
|
| Reg. S, 2.00%, 02/28/2056 |
|
EUR |
2,000 |
|
|
|
1,748 |
|
| Reg. S, 2.38%, 06/21/2032 |
|
EUR |
5,000 |
|
|
|
5,496 |
|
| Reg. S, 2.75%, 12/03/2029 |
|
EUR |
1,020 |
|
|
|
1,155 |
|
| Reg. S, 2.88%, 02/13/2034 |
|
EUR |
10,000 |
|
|
|
11,300 |
|
| Reg. S, 3.00%, 12/15/2028 |
|
EUR |
2,000 |
|
|
|
2,284 |
|
| Reg. S, 3.38%, 04/03/2037 |
|
EUR |
3,000 |
|
|
|
3,512 |
|
| European Stability Mechanism, (Supranational), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 03/04/2030 |
|
EUR |
2,900 |
|
|
|
2,844 |
|
| Reg. S, 0.01%, 10/15/2031 |
|
EUR |
7,900 |
|
|
|
7,430 |
|
| Reg. S, 0.50%, 03/05/2029 |
|
EUR |
6,000 |
|
|
|
6,176 |
|
| Reg. S, 0.75%, 09/05/2028 |
|
EUR |
2,750 |
|
|
|
2,887 |
|
| Reg. S, 0.88%, 07/18/2042 |
|
EUR |
1,020 |
|
|
|
806 |
|
| Reg. S, 1.75%, 10/20/2045 |
|
EUR |
1,050 |
|
|
|
949 |
|
| Reg. S, 1.80%, 11/02/2046 |
|
EUR |
10,420 |
|
|
|
9,449 |
|
| Reg. S, 1.85%, 12/01/2055 |
|
EUR |
180 |
|
|
|
151 |
|
| European Union, (Supranational), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/04/2028 |
|
EUR |
1,900 |
|
|
|
1,928 |
|
| Reg. S, 0.00%, 04/22/2031 |
|
EUR |
5,800 |
|
|
|
5,518 |
|
| Reg. S, 0.00%, 07/04/2031 |
|
EUR |
20,000 |
|
|
|
18,862 |
|
| Reg. S, 0.25%, 04/22/2036 |
|
EUR |
21,900 |
|
|
|
18,391 |
|
| Reg. S, 0.45%, 07/04/2041 |
|
EUR |
9,800 |
|
|
|
7,129 |
|
| Reg. S, 0.70%, 07/06/2051 |
|
EUR |
5,900 |
|
|
|
3,663 |
|
| Reg. S, 0.75%, 04/04/2031 |
|
EUR |
3,925 |
|
|
|
3,938 |
|
| Reg. S, 1.00%, 07/06/2032 |
|
EUR |
5,800 |
|
|
|
5,748 |
|
| Reg. S, 1.13%, 04/04/2036 |
|
EUR |
1,265 |
|
|
|
1,186 |
|
| Reg. S, 1.38%, 10/04/2029 |
|
EUR |
8,000 |
|
|
|
8,513 |
|
| Reg. S, 1.50%, 10/04/2035 |
|
EUR |
5,000 |
|
|
|
4,937 |
|
| Reg. S, 1.63%, 12/04/2029 |
|
EUR |
32,000 |
|
|
|
34,267 |
|
| Reg. S, 2.50%, 10/04/2052 |
|
EUR |
18,000 |
|
|
|
17,087 |
|
| Reg. S, 2.88%, 12/06/2027 |
|
EUR |
30,000 |
|
|
|
33,932 |
|
| Reg. S, 3.00%, 03/04/2053 |
|
EUR |
8,000 |
|
|
|
8,387 |
|
| Reg. S, 3.13%, 12/05/2028 |
|
EUR |
30,000 |
|
|
|
34,368 |
|
| Reg. S, 3.38%, 04/04/2032 |
|
EUR |
1,200 |
|
|
|
1,420 |
|
| Reg. S, 3.38%, 04/04/2038 |
|
EUR |
15,000 |
|
|
|
17,655 |
|
| Reg. S, 3.38%, 10/04/2038 |
|
EUR |
10,000 |
|
|
|
11,540 |
|
| Reg. S, 3.75%, 04/04/2042 |
|
EUR |
5,015 |
|
|
|
6,120 |
|
| Series SURE, Reg. S, 0.00%, 06/02/2028 |
|
EUR |
5,000 |
|
|
|
5,130 |
|
| Series SURE, Reg. S, 0.00%, 10/04/2030 |
|
EUR |
10,000 |
|
|
|
9,660 |
|
| Series SURE, Reg. S, 0.00%, 07/04/2035 |
|
EUR |
10,800 |
|
|
|
9,016 |
|
| Series SURE, Reg. S, 0.10%, 10/04/2040 |
|
EUR |
7,675 |
|
|
|
5,485 |
|
| Series SURE, Reg. S, 0.20%, 06/04/2036 |
|
EUR |
9,600 |
|
|
|
7,981 |
|
| Series SURE, Reg. S, 0.30%, 11/04/2050 |
|
EUR |
1,220 |
|
|
|
699 |
|
| Series SURE, Reg. S, 0.45%, 05/02/2046 |
|
EUR |
5,000 |
|
|
|
3,312 |
|
| Series SURE, Reg. S, 0.75%, 01/04/2047 |
|
EUR |
5,000 |
|
|
|
3,538 |
|
| Series SURE, Reg. S, 1.13%, 06/04/2037 |
|
EUR |
5,000 |
|
|
|
4,565 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Export Development Canada, (Canada), Reg. S, 0.50%, 02/25/2027 |
|
EUR |
2,000 |
|
|
|
2,134 |
|
| Export-Import Bank of China (The), (China), |
|
|
|
|
|
|
|
|
| Series 1610, 3.18%, 09/05/2026 |
|
CNY |
50,000 |
|
|
|
7,303 |
|
| Series 1910, 3.86%, 05/20/2029 |
|
CNY |
97,800 |
|
|
|
15,052 |
|
| Series 2007, 3.26%, 02/24/2027 |
|
CNY |
86,000 |
|
|
|
12,641 |
|
| Series 2010, 3.23%, 03/23/2030 |
|
CNY |
41,400 |
|
|
|
6,231 |
|
| Series 2011, 3.74%, 11/16/2030 |
|
CNY |
10,000 |
|
|
|
1,552 |
|
| Series 2015, 3.43%, 10/23/2025 |
|
CNY |
39,000 |
|
|
|
5,656 |
|
| Series 2105, 3.22%, 05/14/2026 |
|
CNY |
51,400 |
|
|
|
7,486 |
|
| Series 2110, 3.38%, 07/16/2031 |
|
CNY |
5,900 |
|
|
|
902 |
|
| Series 2205, 2.61%, 01/27/2027 |
|
CNY |
18,000 |
|
|
|
2,606 |
|
| Series 2207, 2.74%, 09/05/2029 |
|
CNY |
8,200 |
|
|
|
1,207 |
|
| Series 2210, 3.18%, 03/11/2032 |
|
CNY |
169,600 |
|
|
|
25,671 |
|
| Series 2211, 2.90%, 08/19/2032 |
|
CNY |
99,100 |
|
|
|
14,742 |
|
| Series 2215, 2.82%, 06/17/2027 |
|
CNY |
27,300 |
|
|
|
3,980 |
|
| Series 2305, 2.87%, 02/06/2028 |
|
CNY |
118,500 |
|
|
|
17,372 |
|
| Series 2310, 3.10%, 02/13/2033 |
|
CNY |
80,400 |
|
|
|
12,129 |
|
| Series 2311, 2.85%, 07/07/2033 |
|
CNY |
59,000 |
|
|
|
8,740 |
|
| Series 2313, 2.50%, 10/13/2026 |
|
CNY |
95,400 |
|
|
|
13,763 |
|
| Series 2402, 2.06%, 03/18/2026 |
|
CNY |
10,000 |
|
|
|
1,430 |
|
| Series 2410, 2.44%, 04/12/2034 |
|
CNY |
5,200 |
|
|
|
747 |
|
| Export-Import Bank of Korea, (South Korea), 3.63%, 09/18/2027 |
|
EUR |
500 |
|
|
|
571 |
|
| Finland Government Bond, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/15/2026 (e) |
|
EUR |
660 |
|
|
|
704 |
|
| Reg. S, 0.00%, 09/15/2030 (e) |
|
EUR |
130 |
|
|
|
126 |
|
| Reg. S, 0.13%, 09/15/2031 (e) |
|
EUR |
755 |
|
|
|
717 |
|
| Reg. S, 0.13%, 04/15/2052 (e) |
|
EUR |
800 |
|
|
|
428 |
|
| Reg. S, 0.25%, 09/15/2040 (e) |
|
EUR |
654 |
|
|
|
482 |
|
| Reg. S, 0.50%, 04/15/2026 (e) |
|
EUR |
1,440 |
|
|
|
1,561 |
|
| Reg. S, 0.50%, 09/15/2027 (e) |
|
EUR |
660 |
|
|
|
700 |
|
| Reg. S, 0.50%, 09/15/2028 (e) |
|
EUR |
484 |
|
|
|
504 |
|
| Reg. S, 0.50%, 09/15/2029 (e) |
|
EUR |
1,680 |
|
|
|
1,714 |
|
| Reg. S, 0.50%, 04/15/2043 (e) |
|
EUR |
450 |
|
|
|
327 |
|
| Reg. S, 0.75%, 04/15/2031 (e) |
|
EUR |
1,321 |
|
|
|
1,323 |
|
| Reg. S, 1.13%, 04/15/2034 (e) |
|
EUR |
421 |
|
|
|
410 |
|
| Reg. S, 1.38%, 04/15/2027 (e) |
|
EUR |
1,760 |
|
|
|
1,921 |
|
| Reg. S, 1.50%, 09/15/2032 (e) |
|
EUR |
1,300 |
|
|
|
1,340 |
|
| Reg. S, 2.63%, 07/04/2042 (e) |
|
EUR |
1,375 |
|
|
|
1,466 |
|
| Reg. S, 2.75%, 07/04/2028 (e) |
|
EUR |
960 |
|
|
|
1,090 |
|
| Reg. S, 2.75%, 04/15/2038 (e) |
|
EUR |
540 |
|
|
|
593 |
|
| Reg. S, 2.88%, 04/15/2029 (e) |
|
EUR |
1,160 |
|
|
|
1,324 |
|
| Reg. S, 3.00%, 09/15/2033 (e) |
|
EUR |
1,120 |
|
|
|
1,287 |
|
| Series 10Y, Reg. S, 3.00%, 09/15/2034 (e) |
|
EUR |
1,720 |
|
|
|
1,971 |
|
| Series 30Y, Reg. S, 1.38%, 04/15/2047 (e) |
|
EUR |
1,217 |
|
|
|
1,008 |
|
| Series 31Y, Reg. S, 2.95%, 04/15/2055 (e) |
|
EUR |
550 |
|
|
|
605 |
|
| Finnvera OYJ, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/15/2027 |
|
EUR |
500 |
|
|
|
521 |
|
| Reg. S, 0.38%, 04/09/2029 |
|
EUR |
300 |
|
|
|
307 |
|
| Reg. S, 0.75%, 08/07/2028 |
|
EUR |
1,300 |
|
|
|
1,367 |
|
| Reg. S, 1.25%, 07/14/2033 |
|
EUR |
200 |
|
|
|
200 |
|
| Reg. S, 2.13%, 03/08/2028 |
|
EUR |
300 |
|
|
|
333 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Free and Hanseatic City of Hamburg, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 04/07/2026 |
|
EUR |
280 |
|
|
|
301 |
|
| Reg. S, 0.01%, 06/30/2028 |
|
EUR |
380 |
|
|
|
389 |
|
| Reg. S, 0.01%, 06/03/2030 |
|
EUR |
500 |
|
|
|
488 |
|
| 0.01%, 11/05/2035 |
|
EUR |
70 |
|
|
|
58 |
|
| Reg. S, 0.20%, 09/03/2049 |
|
EUR |
70 |
|
|
|
40 |
|
| Reg. S, 0.25%, 02/18/2041 |
|
EUR |
394 |
|
|
|
287 |
|
| 2.38%, 10/02/2029 (w) |
|
EUR |
200 |
|
|
|
223 |
|
| 2.88%, 04/30/2032 |
|
EUR |
200 |
|
|
|
229 |
|
| Free State of Bavaria, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 01/18/2035 |
|
EUR |
352 |
|
|
|
304 |
|
| Series 134, Reg. S, 0.01%, 05/07/2029 |
|
EUR |
600 |
|
|
|
601 |
|
| Free State of Saxony, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 11/05/2029 |
|
EUR |
197 |
|
|
|
195 |
|
| Reg. S, 2.88%, 05/15/2034 |
|
EUR |
200 |
|
|
|
229 |
|
| Series 132, Reg. S, 0.01%, 12/17/2035 |
|
EUR |
210 |
|
|
|
175 |
|
| Series 135, Reg. S, 0.40%, 05/12/2036 |
|
EUR |
300 |
|
|
|
259 |
|
| French Republic Government Bond OAT, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 02/25/2026 (e) |
|
EUR |
8,580 |
|
|
|
9,245 |
|
| Reg. S, 0.00%, 02/25/2027 (e) |
|
EUR |
5,895 |
|
|
|
6,213 |
|
| Reg. S, 0.00%, 11/25/2029 (e) |
|
EUR |
10,505 |
|
|
|
10,302 |
|
| Reg. S, 0.00%, 11/25/2030 (e) |
|
EUR |
6,780 |
|
|
|
6,460 |
|
| Reg. S, 0.00%, 11/25/2031 (e) |
|
EUR |
14,604 |
|
|
|
13,491 |
|
| Reg. S, 0.00%, 05/25/2032 (e) |
|
EUR |
4,920 |
|
|
|
4,471 |
|
| Reg. S, 0.25%, 11/25/2026 (e) |
|
EUR |
4,076 |
|
|
|
4,345 |
|
| Reg. S, 0.50%, 05/25/2026 (e) |
|
EUR |
7,309 |
|
|
|
7,902 |
|
| Reg. S, 0.50%, 05/25/2029 (e) |
|
EUR |
20,987 |
|
|
|
21,374 |
|
| Reg. S, 0.50%, 05/25/2040 (e) |
|
EUR |
72,593 |
|
|
|
53,851 |
|
| Reg. S, 0.50%, 06/25/2044 (e) |
|
EUR |
56,980 |
|
|
|
37,780 |
|
| Reg. S, 0.50%, 05/25/2072 (e) |
|
EUR |
31,903 |
|
|
|
12,903 |
|
| Reg. S, 0.75%, 02/25/2028 (e) |
|
EUR |
9,480 |
|
|
|
10,006 |
|
| Reg. S, 0.75%, 05/25/2028 (e) |
|
EUR |
7,363 |
|
|
|
7,740 |
|
| Reg. S, 0.75%, 11/25/2028 (e) |
|
EUR |
3,737 |
|
|
|
3,890 |
|
| Reg. S, 0.75%, 05/25/2052 (e) |
|
EUR |
81,108 |
|
|
|
47,357 |
|
| Reg. S, 0.75%, 05/25/2053 (e) |
|
EUR |
78,983 |
|
|
|
44,927 |
|
| Reg. S, 1.00%, 11/25/2025 (e) |
|
EUR |
4,070 |
|
|
|
4,458 |
|
| Reg. S, 1.00%, 05/25/2027 (e) |
|
EUR |
18,958 |
|
|
|
20,401 |
|
| Reg. S, 1.25%, 05/25/2034 (e) |
|
EUR |
14,206 |
|
|
|
13,672 |
|
| Reg. S, 1.25%, 05/25/2036 (e) |
|
EUR |
114,947 |
|
|
|
105,856 |
|
| Reg. S, 1.25%, 05/25/2038 (e) |
|
EUR |
69,672 |
|
|
|
61,221 |
|
| Reg. S, 1.50%, 05/25/2031 (e) |
|
EUR |
16,243 |
|
|
|
16,894 |
|
| Reg. S, 1.50%, 05/25/2050 (e) |
|
EUR |
77,024 |
|
|
|
57,557 |
|
| Reg. S, 1.75%, 06/25/2039 (e) |
|
EUR |
91,760 |
|
|
|
85,223 |
|
| Reg. S, 1.75%, 05/25/2066 (e) |
|
EUR |
45,403 |
|
|
|
32,038 |
|
| Reg. S, 2.00%, 11/25/2032 (e) |
|
EUR |
8,910 |
|
|
|
9,382 |
|
| Reg. S, 2.00%, 05/25/2048 (e) |
|
EUR |
68,908 |
|
|
|
59,239 |
|
| Reg. S, 2.50%, 09/24/2026 (e) |
|
EUR |
8,738 |
|
|
|
9,762 |
|
| Reg. S, 2.50%, 09/24/2027 (e) |
|
EUR |
10,280 |
|
|
|
11,497 |
|
| Reg. S, 2.50%, 05/25/2030 (e) |
|
EUR |
10,861 |
|
|
|
12,077 |
|
| Reg. S, 2.50%, 05/25/2043 (e) |
|
EUR |
48,682 |
|
|
|
47,886 |
|
| Reg. S, 2.75%, 10/25/2027 (e) |
|
EUR |
5,509 |
|
|
|
6,209 |
|
| Reg. S, 2.75%, 02/25/2029 (e) |
|
EUR |
2,400 |
|
|
|
2,703 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 02/25/2030 (e) |
|
EUR |
4,320 |
|
|
|
4,858 |
|
| Reg. S, 3.00%, 05/25/2033 (e) |
|
EUR |
5,240 |
|
|
|
5,924 |
|
| Reg. S, 3.00%, 11/25/2034 (e) |
|
EUR |
48,920 |
|
|
|
54,810 |
|
| Reg. S, 3.00%, 06/25/2049 (e) |
|
EUR |
23,044 |
|
|
|
23,834 |
|
| Reg. S, 3.00%, 05/25/2054 (e) |
|
EUR |
62,873 |
|
|
|
63,151 |
|
| Reg. S, 3.25%, 05/25/2045 (e) |
|
EUR |
74,410 |
|
|
|
81,493 |
|
| Reg. S, 3.25%, 05/25/2055 (e) |
|
EUR |
36,811 |
|
|
|
38,635 |
|
| Reg. S, 3.50%, 04/25/2026 (e) |
|
EUR |
11,886 |
|
|
|
13,467 |
|
| Reg. S, 3.50%, 11/25/2033 (e) |
|
EUR |
9,395 |
|
|
|
11,010 |
|
| Reg. S, 4.00%, 10/25/2038 (e) |
|
EUR |
61,331 |
|
|
|
74,714 |
|
| Reg. S, 4.00%, 04/25/2055 (e) |
|
EUR |
56,111 |
|
|
|
67,723 |
|
| Reg. S, 4.00%, 04/25/2060 (e) |
|
EUR |
48,531 |
|
|
|
59,076 |
|
| Reg. S, 4.50%, 04/25/2041 (e) |
|
EUR |
86,515 |
|
|
|
111,476 |
|
| Reg. S, 4.75%, 04/25/2035 (e) |
|
EUR |
67,455 |
|
|
|
87,399 |
|
| Reg. S, 5.50%, 04/25/2029 (e) |
|
EUR |
4,037 |
|
|
|
5,073 |
|
| Reg. S, 5.75%, 10/25/2032 (e) |
|
EUR |
1,029 |
|
|
|
1,392 |
|
| Reg. S, 6.00%, 10/25/2025 (e) |
|
EUR |
1,290 |
|
|
|
1,488 |
|
| Gemeinsame Deutsche Bundeslaender, (Germany), |
|
|
|
|
|
|
|
|
| Series 58, Reg. S, 0.00%, 02/19/2027 |
|
EUR |
220 |
|
|
|
232 |
|
| Series 59, Reg. S, 0.01%, 08/26/2030 |
|
EUR |
500 |
|
|
|
486 |
|
| Series 60, Reg. S, 0.01%, 02/04/2031 |
|
EUR |
146 |
|
|
|
140 |
|
| Series 62, Reg. S, 1.25%, 05/04/2029 |
|
EUR |
580 |
|
|
|
616 |
|
| Series 63, Reg. S, 3.00%, 04/26/2030 |
|
EUR |
200 |
|
|
|
230 |
|
| Series 64, Reg. S, 2.63%, 02/07/2031 |
|
EUR |
500 |
|
|
|
564 |
|
| Gestion Securite de Stocks Securite SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 10/25/2027 |
|
EUR |
1,000 |
|
|
|
1,074 |
|
| Reg. S, 3.38%, 06/29/2030 |
|
EUR |
900 |
|
|
|
1,024 |
|
| Reg. S, 3.50%, 11/25/2029 |
|
EUR |
300 |
|
|
|
344 |
|
| Hellenic Republic Government Bond, (Greece), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 06/18/2031 (e) |
|
EUR |
2,170 |
|
|
|
2,117 |
|
| Reg. S, 1.50%, 06/18/2030 (e) |
|
EUR |
750 |
|
|
|
783 |
|
| Reg. S, 1.88%, 07/23/2026 (e) |
|
EUR |
2,250 |
|
|
|
2,494 |
|
| Reg. S, 1.88%, 02/04/2035 (e) |
|
EUR |
1,400 |
|
|
|
1,377 |
|
| Reg. S, 1.88%, 01/24/2052 (e) |
|
EUR |
480 |
|
|
|
368 |
|
| Reg. S, 3.38%, 06/15/2034 (e) |
|
EUR |
1,480 |
|
|
|
1,683 |
|
| Reg. S, 3.75%, 01/30/2028 |
|
EUR |
1,400 |
|
|
|
1,635 |
|
| Reg. S, 3.88%, 03/12/2029 (e) |
|
EUR |
1,480 |
|
|
|
1,748 |
|
| Reg. S, 4.13%, 06/15/2054 (e) |
|
EUR |
700 |
|
|
|
804 |
|
| Reg. S, 4.20%, 01/30/2042 |
|
EUR |
870 |
|
|
|
1,037 |
|
| Reg. S, 4.25%, 06/15/2033 (e) |
|
EUR |
2,000 |
|
|
|
2,434 |
|
| Reg. S, 4.38%, 07/18/2038 (e) |
|
EUR |
1,100 |
|
|
|
1,342 |
|
| HM Treasury UK Sovereign Sukuk plc, (United Kingdom), Reg. S, 0.33%, 07/22/2026 |
|
GBP |
900 |
|
|
|
1,126 |
|
| Hong Kong Government Bond Programme, (Hong Kong), |
|
|
|
|
|
|
|
|
| 1.97%, 01/17/2029 |
|
HKD |
200 |
|
|
|
25 |
|
| 2.02%, 03/07/2034 |
|
HKD |
3,000 |
|
|
|
361 |
|
| Hong Kong Government International Bond, (Hong Kong), |
|
|
|
|
|
|
|
|
| Reg. S, 2.80%, 11/30/2024 |
|
CNH |
5,000 |
|
|
|
715 |
|
| Reg. S, 2.95%, 06/07/2028 |
|
CNH |
8,500 |
|
|
|
1,241 |
|
| Reg. S, 3.00%, 11/30/2026 |
|
CNH |
10,000 |
|
|
|
1,452 |
|
| Reg. S, 3.30%, 06/07/2033 |
|
CNH |
16,000 |
|
|
|
2,426 |
|
| Hungary Government Bond, (Hungary), |
|
|
|
|
|
|
|
|
| Series 26/E, 1.50%, 04/22/2026 |
|
HUF |
739,160 |
|
|
|
1,948 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 26/F, 1.50%, 08/26/2026 |
|
HUF |
623,300 |
|
|
|
1,621 |
|
| Series 26/D, 2.75%, 12/22/2026 |
|
HUF |
80,210 |
|
|
|
212 |
|
| Series 27/A, 3.00%, 10/27/2027 |
|
HUF |
194,780 |
|
|
|
506 |
|
| Series 28/B, 4.50%, 03/23/2028 |
|
HUF |
422,060 |
|
|
|
1,139 |
|
| Series 28/A, 6.75%, 10/22/2028 |
|
HUF |
75,000 |
|
|
|
218 |
|
| Series 29/A, 2.00%, 05/23/2029 |
|
HUF |
200,000 |
|
|
|
478 |
|
| Series 30/A, 3.00%, 08/21/2030 |
|
HUF |
297,350 |
|
|
|
720 |
|
| Series 31/A, 3.25%, 10/22/2031 |
|
HUF |
207,050 |
|
|
|
494 |
|
| Series 32/G, 4.50%, 05/27/2032 |
|
HUF |
372,050 |
|
|
|
948 |
|
| Series 32/A, 4.75%, 11/24/2032 |
|
HUF |
58,400 |
|
|
|
150 |
|
| Series 33/A, 2.25%, 04/20/2033 |
|
HUF |
194,590 |
|
|
|
411 |
|
| Series 34/A, 2.25%, 06/22/2034 |
|
HUF |
100,520 |
|
|
|
203 |
|
| Series 38/A, 3.00%, 10/27/2038 |
|
HUF |
82,470 |
|
|
|
160 |
|
| Series 41/A, 3.00%, 04/25/2041 |
|
HUF |
149,290 |
|
|
|
274 |
|
| Hungary Government International Bond, (Hungary), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 11/18/2030 |
|
EUR |
1,000 |
|
|
|
923 |
|
| Reg. S, 1.63%, 04/28/2032 |
|
EUR |
1,000 |
|
|
|
946 |
|
| Reg. S, 1.75%, 10/10/2027 |
|
EUR |
825 |
|
|
|
877 |
|
| Reg. S, 1.75%, 06/05/2035 |
|
EUR |
5,000 |
|
|
|
4,369 |
|
| Hydro-Quebec, (Canada), |
|
|
|
|
|
|
|
|
| 6.00%, 02/15/2040 |
|
CAD |
300 |
|
|
|
272 |
|
| SUB, 8.40%, 03/28/2025 |
|
|
1,000 |
|
|
|
1,016 |
|
| SUB, 8.91%, 11/18/2024 |
|
|
800 |
|
|
|
803 |
|
| Series HH, 8.50%, 12/01/2029 |
|
|
100 |
|
|
|
119 |
|
| Series HK, 9.38%, 04/15/2030 |
|
|
500 |
|
|
|
623 |
|
| Ile-de-France Mobilites, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.40%, 05/28/2031 |
|
EUR |
500 |
|
|
|
473 |
|
| Reg. S, 0.68%, 11/24/2036 |
|
EUR |
100 |
|
|
|
82 |
|
| Reg. S, 1.00%, 05/25/2034 |
|
EUR |
300 |
|
|
|
275 |
|
| Reg. S, 1.28%, 02/14/2042 |
|
EUR |
100 |
|
|
|
78 |
|
| Reg. S, 3.05%, 02/03/2033 |
|
EUR |
300 |
|
|
|
334 |
|
| Reg. S, 3.40%, 05/25/2043 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 3.45%, 06/25/2049 |
|
EUR |
300 |
|
|
|
321 |
|
| Reg. S, 3.50%, 10/04/2039 (w) |
|
EUR |
100 |
|
|
|
112 |
|
| Indonesia Government International Bond, (Indonesia), |
|
|
|
|
|
|
|
|
| 0.90%, 02/14/2027 |
|
EUR |
1,600 |
|
|
|
1,681 |
|
| 1.10%, 03/12/2033 |
|
EUR |
1,000 |
|
|
|
914 |
|
| Reg. S, 3.75%, 06/14/2028 |
|
EUR |
1,000 |
|
|
|
1,130 |
|
| 4.65%, 09/20/2032 |
|
|
200 |
|
|
|
202 |
|
| Indonesia Treasury Bond, (Indonesia), |
|
|
|
|
|
|
|
|
| Series 100, 6.63%, 02/15/2034 |
|
IDR |
34,992,000 |
|
|
|
2,339 |
|
| Series 101, 6.88%, 04/15/2029 |
|
IDR |
14,964,000 |
|
|
|
1,015 |
|
| Series 102, 6.88%, 07/15/2054 |
|
IDR |
6,598,000 |
|
|
|
436 |
|
| Series FR56, 8.38%, 09/15/2026 |
|
IDR |
3,269,000 |
|
|
|
225 |
|
| Series FR65, 6.63%, 05/15/2033 |
|
IDR |
400,000 |
|
|
|
27 |
|
| Series FR67, 8.75%, 02/15/2044 |
|
IDR |
2,074,000 |
|
|
|
165 |
|
| Series FR75, 7.50%, 05/15/2038 |
|
IDR |
1,300,000 |
|
|
|
92 |
|
| Series FR76, 7.38%, 05/15/2048 |
|
IDR |
21,821,000 |
|
|
|
1,528 |
|
| Series FR78, 8.25%, 05/15/2029 |
|
IDR |
1,000,000 |
|
|
|
71 |
|
| Series FR79, 8.38%, 04/15/2039 |
|
IDR |
13,027,000 |
|
|
|
988 |
|
| Series FR80, 7.50%, 06/15/2035 |
|
IDR |
47,876,000 |
|
|
|
3,389 |
|
| Series FR82, 7.00%, 09/15/2030 |
|
IDR |
38,229,000 |
|
|
|
2,608 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series FR83, 7.50%, 04/15/2040 |
|
IDR |
32,000,000 |
|
|
|
2,262 |
|
| Series FR86, 5.50%, 04/15/2026 |
|
IDR |
10,000,000 |
|
|
|
653 |
|
| Series FR87, 6.50%, 02/15/2031 |
|
IDR |
24,043,000 |
|
|
|
1,598 |
|
| Series FR89, 6.88%, 08/15/2051 |
|
IDR |
300,000 |
|
|
|
20 |
|
| Series FR90, 5.13%, 04/15/2027 |
|
IDR |
100,000,000 |
|
|
|
6,433 |
|
| Series FR91, 6.38%, 04/15/2032 |
|
IDR |
28,200,000 |
|
|
|
1,853 |
|
| Series FR95, 6.38%, 08/15/2028 |
|
IDR |
29,000,000 |
|
|
|
1,924 |
|
| Series FR96, 7.00%, 02/15/2033 |
|
IDR |
46,000,000 |
|
|
|
3,142 |
|
| Series FR97, 7.13%, 06/15/2043 |
|
IDR |
26,858,000 |
|
|
|
1,835 |
|
| Industrial Bank of Korea, (South Korea), Reg. S, 0.02%, 07/16/2025 |
|
CHF |
300 |
|
|
|
352 |
|
| Instituto de Credito Oficial, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 04/30/2027 |
|
EUR |
1,000 |
|
|
|
1,046 |
|
| Reg. S, 2.65%, 01/31/2028 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 3.05%, 04/30/2031 |
|
EUR |
400 |
|
|
|
456 |
|
| International Bank for Reconstruction & Development, (Supranational), |
|
|
|
|
|
|
|
|
| Zero Coupon, 07/15/2029 |
|
|
143 |
|
|
|
117 |
|
| Zero Coupon, 11/01/2029 |
|
|
65 |
|
|
|
53 |
|
| Zero Coupon, 05/01/2030 |
|
|
228 |
|
|
|
182 |
|
| Zero Coupon, 10/31/2030 |
|
|
1,500 |
|
|
|
1,158 |
|
| 0.10%, 09/17/2035 |
|
EUR |
5,475 |
|
|
|
4,598 |
|
| Reg. S, 0.20%, 01/21/2061 |
|
EUR |
1,000 |
|
|
|
436 |
|
| 0.25%, 09/23/2027 |
|
GBP |
2,900 |
|
|
|
3,475 |
|
| 0.25%, 05/21/2029 |
|
EUR |
600 |
|
|
|
608 |
|
| 0.50%, 06/21/2035 |
|
EUR |
50 |
|
|
|
44 |
|
| 0.65%, 02/10/2026 |
|
|
750 |
|
|
|
720 |
|
| Reg. S, 0.70%, 10/22/2046 |
|
EUR |
2,000 |
|
|
|
1,419 |
|
| 1.00%, 12/21/2029 |
|
GBP |
2,000 |
|
|
|
2,303 |
|
| 1.20%, 08/08/2034 |
|
EUR |
9,000 |
|
|
|
8,779 |
|
| 2.14%, 02/04/2041 |
|
|
500 |
|
|
|
352 |
|
| (SOFR Compounded Index + 0.26%), 2.33%, 05/31/2026 (aa) |
|
|
1,000 |
|
|
|
969 |
|
| 2.90%, 01/19/2033 |
|
EUR |
7,000 |
|
|
|
8,001 |
|
| 4.00%, 08/27/2026 |
|
|
80 |
|
|
|
80 |
|
| 4.63%, 08/01/2028 |
|
|
250 |
|
|
|
259 |
|
| InvestitionsBank des Landes Brandenburg, (Germany), Reg. S, 3.25%, 03/13/2030 |
|
EUR |
200 |
|
|
|
233 |
|
| Investitionsbank Schleswig-Holstein, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 05/15/2026 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 2.88%, 02/21/2034 |
|
EUR |
300 |
|
|
|
342 |
|
| Reg. S, 3.25%, 03/10/2031 |
|
EUR |
300 |
|
|
|
350 |
|
| Ireland Government Bond, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/18/2031 |
|
EUR |
2,377 |
|
|
|
2,258 |
|
| Reg. S, 0.20%, 05/15/2027 |
|
EUR |
1,290 |
|
|
|
1,369 |
|
| Reg. S, 0.20%, 10/18/2030 |
|
EUR |
1,111 |
|
|
|
1,095 |
|
| Reg. S, 0.35%, 10/18/2032 |
|
EUR |
290 |
|
|
|
277 |
|
| Reg. S, 0.40%, 05/15/2035 |
|
EUR |
1,200 |
|
|
|
1,071 |
|
| Reg. S, 0.55%, 04/22/2041 |
|
EUR |
1,035 |
|
|
|
817 |
|
| Reg. S, 0.90%, 05/15/2028 |
|
EUR |
1,812 |
|
|
|
1,936 |
|
| Reg. S, 1.00%, 05/15/2026 |
|
EUR |
1,480 |
|
|
|
1,617 |
|
| Reg. S, 1.10%, 05/15/2029 |
|
EUR |
2,567 |
|
|
|
2,725 |
|
| Reg. S, 1.30%, 05/15/2033 |
|
EUR |
1,230 |
|
|
|
1,257 |
|
| Reg. S, 1.35%, 03/18/2031 |
|
EUR |
1,265 |
|
|
|
1,333 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 05/15/2050 |
|
EUR |
1,663 |
|
|
|
1,409 |
|
| Reg. S, 1.70%, 05/15/2037 |
|
EUR |
800 |
|
|
|
799 |
|
| Reg. S, 2.00%, 02/18/2045 |
|
EUR |
1,485 |
|
|
|
1,440 |
|
| Reg. S, 2.40%, 05/15/2030 |
|
EUR |
1,000 |
|
|
|
1,124 |
|
| Reg. S, 2.60%, 10/18/2034 |
|
EUR |
1,100 |
|
|
|
1,237 |
|
| Reg. S, 3.00%, 10/18/2043 |
|
EUR |
990 |
|
|
|
1,138 |
|
| Israel Government AID Bond, (Israel), |
|
|
|
|
|
|
|
|
| 5.50%, 09/18/2033 |
|
|
25 |
|
|
|
28 |
|
| Series 2, Zero Coupon, 11/01/2024 |
|
|
749 |
|
|
|
745 |
|
| Israel Government Bond - Fixed, (Israel), |
|
|
|
|
|
|
|
|
| Series 142, 5.50%, 01/31/2042 |
|
ILS |
290 |
|
|
|
83 |
|
| Series 327, 2.00%, 03/31/2027 |
|
ILS |
800 |
|
|
|
205 |
|
| Series 330, 1.00%, 03/31/2030 |
|
ILS |
1,200 |
|
|
|
268 |
|
| Series 537, 1.50%, 05/31/2037 |
|
ILS |
305 |
|
|
|
56 |
|
| Israel Government International Bond, (Israel), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 01/18/2032 |
|
EUR |
3,000 |
|
|
|
2,643 |
|
| Reg. S, 1.50%, 01/18/2027 |
|
EUR |
2,000 |
|
|
|
2,106 |
|
| Reg. S, 2.50%, 01/16/2049 |
|
EUR |
825 |
|
|
|
754 |
|
| Italy Buoni Poliennali Del Tesoro, (Italy), |
|
|
|
|
|
|
|
|
| Series 2Y, Reg. S, 3.60%, 09/29/2025 |
|
EUR |
3,200 |
|
|
|
3,592 |
|
| Series 3Y, Reg. S, 1.20%, 08/15/2025 |
|
EUR |
4,660 |
|
|
|
5,118 |
|
| Series 3Y, Reg. S, 2.95%, 02/15/2027 |
|
EUR |
3,600 |
|
|
|
4,053 |
|
| Series 3Y, Reg. S, 3.50%, 01/15/2026 |
|
EUR |
2,240 |
|
|
|
2,522 |
|
| Series 3Y, Reg. S, 3.80%, 04/15/2026 |
|
EUR |
2,600 |
|
|
|
2,950 |
|
| Series 3Y, Reg. S, 3.85%, 09/15/2026 |
|
EUR |
1,800 |
|
|
|
2,057 |
|
| Series 5Y, Reg. S, 0.00%, 04/01/2026 |
|
EUR |
4,060 |
|
|
|
4,358 |
|
| Series 5Y, Reg. S, 0.00%, 08/01/2026 |
|
EUR |
3,447 |
|
|
|
3,673 |
|
| Series 5Y, Reg. S, 0.50%, 02/01/2026 |
|
EUR |
5,270 |
|
|
|
5,712 |
|
| Series 5Y, Reg. S, 1.10%, 04/01/2027 |
|
EUR |
3,160 |
|
|
|
3,406 |
|
| Series 5Y, Reg. S, 2.65%, 12/01/2027 |
|
EUR |
660 |
|
|
|
739 |
|
| Series 5Y, Reg. S, 3.00%, 10/01/2029 |
|
EUR |
1,210 |
|
|
|
1,360 |
|
| Series 5Y, Reg. S, 3.35%, 07/01/2029 |
|
EUR |
7,570 |
|
|
|
8,654 |
|
| Series 5Y, Reg. S, 3.80%, 08/01/2028 |
|
EUR |
450 |
|
|
|
523 |
|
| Series 5Y, Reg. S, 4.10%, 02/01/2029 |
|
EUR |
2,195 |
|
|
|
2,585 |
|
| Series 7Y, Reg. S, 0.25%, 03/15/2028 |
|
EUR |
7,600 |
|
|
|
7,833 |
|
| Series 7Y, Reg. S, 0.45%, 02/15/2029 |
|
EUR |
1,360 |
|
|
|
1,378 |
|
| Series 7Y, Reg. S, 0.50%, 07/15/2028 |
|
EUR |
4,074 |
|
|
|
4,204 |
|
| Series 7Y, Reg. S, 0.95%, 09/15/2027 |
|
EUR |
3,660 |
|
|
|
3,903 |
|
| Series 7Y, Reg. S, 2.10%, 07/15/2026 |
|
EUR |
5,850 |
|
|
|
6,477 |
|
| Series 7Y, Reg. S, 2.50%, 11/15/2025 |
|
EUR |
545 |
|
|
|
607 |
|
| Series 7Y, Reg. S, 2.80%, 06/15/2029 |
|
EUR |
4,820 |
|
|
|
5,388 |
|
| Series 7Y, Reg. S, 3.50%, 02/15/2031 (e) |
|
EUR |
2,910 |
|
|
|
3,337 |
|
| Series 7Y, Reg. S, 3.70%, 06/15/2030 |
|
EUR |
1,800 |
|
|
|
2,088 |
|
| Series 7Y, Reg. S, 3.85%, 12/15/2029 |
|
EUR |
1,500 |
|
|
|
1,755 |
|
| Series 7Y, Reg. S, 4.00%, 11/15/2030 |
|
EUR |
1,550 |
|
|
|
1,827 |
|
| Series 8Y, Reg. S, 0.85%, 01/15/2027 (e) |
|
EUR |
6,435 |
|
|
|
6,919 |
|
| Series 8Y, Reg. S, 4.00%, 10/30/2031 (e) |
|
EUR |
1,770 |
|
|
|
2,098 |
|
| Series 10Y, Reg. S, 0.60%, 08/01/2031 (e) |
|
EUR |
14,464 |
|
|
|
13,749 |
|
| Series 10Y, Reg. S, 0.95%, 08/01/2030 |
|
EUR |
910 |
|
|
|
909 |
|
| Series 10Y, Reg. S, 0.95%, 12/01/2031 (e) |
|
EUR |
3,605 |
|
|
|
3,484 |
|
| Series 10Y, Reg. S, 0.95%, 06/01/2032 |
|
EUR |
3,305 |
|
|
|
3,151 |
|
| Series 10Y, Reg. S, 1.25%, 12/01/2026 |
|
EUR |
1,457 |
|
|
|
1,584 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 10Y, Reg. S, 1.60%, 06/01/2026 |
|
EUR |
5,740 |
|
|
|
6,307 |
|
| Series 10Y, Reg. S, 1.65%, 12/01/2030 (e) |
|
EUR |
124 |
|
|
|
128 |
|
| Series 10Y, Reg. S, 2.00%, 02/01/2028 |
|
EUR |
2,552 |
|
|
|
2,798 |
|
| Series 10Y, Reg. S, 2.05%, 08/01/2027 |
|
EUR |
3,580 |
|
|
|
3,945 |
|
| Series 10Y, Reg. S, 2.20%, 06/01/2027 |
|
EUR |
15,277 |
|
|
|
16,920 |
|
| Series 10Y, Reg. S, 2.50%, 12/01/2032 |
|
EUR |
5,610 |
|
|
|
5,970 |
|
| Series 10Y, Reg. S, 2.80%, 12/01/2028 |
|
EUR |
3,430 |
|
|
|
3,851 |
|
| Series 10Y, Reg. S, 3.00%, 08/01/2029 |
|
EUR |
11,056 |
|
|
|
12,472 |
|
| Series 10Y, Reg. S, 3.85%, 07/01/2034 |
|
EUR |
12,730 |
|
|
|
14,753 |
|
| Series 10Y, Reg. S, 4.20%, 03/01/2034 |
|
EUR |
4,200 |
|
|
|
5,012 |
|
| Series 10Y, Reg. S, 4.35%, 11/01/2033 |
|
EUR |
2,300 |
|
|
|
2,779 |
|
| Series 10Y, Reg. S, 4.40%, 05/01/2033 |
|
EUR |
3,770 |
|
|
|
4,578 |
|
| Series 11Y, Reg. S, 0.90%, 04/01/2031 |
|
EUR |
2,707 |
|
|
|
2,650 |
|
| Series 11Y, Reg. S, 1.35%, 04/01/2030 |
|
EUR |
3,150 |
|
|
|
3,249 |
|
| Series 11Y, Reg. S, 3.85%, 02/01/2035 |
|
EUR |
860 |
|
|
|
992 |
|
| Series 13Y, Reg. S, 4.00%, 04/30/2035 (e) |
|
EUR |
800 |
|
|
|
940 |
|
| Series 13Y, Reg. S, 4.05%, 10/30/2037 (e) |
|
EUR |
1,840 |
|
|
|
2,147 |
|
| Series 15Y, Reg. S, 2.45%, 09/01/2033 (e) |
|
EUR |
2,770 |
|
|
|
2,908 |
|
| Series 15Y, Reg. S, 4.15%, 10/01/2039 (e) |
|
EUR |
1,900 |
|
|
|
2,206 |
|
| Series 15Y, Reg. S, 4.75%, 09/01/2028 (e) |
|
EUR |
1,720 |
|
|
|
2,068 |
|
| Series 16Y, Reg. S, 0.95%, 03/01/2037 (e) |
|
EUR |
3,214 |
|
|
|
2,652 |
|
| Series 16Y, Reg. S, 1.45%, 03/01/2036 (e) |
|
EUR |
2,229 |
|
|
|
2,012 |
|
| Series 16Y, Reg. S, 3.25%, 03/01/2038 (e) |
|
EUR |
3,490 |
|
|
|
3,713 |
|
| Series 16Y, Reg. S, 3.50%, 03/01/2030 (e) |
|
EUR |
6,136 |
|
|
|
7,086 |
|
| Series 16Y, Reg. S, 4.50%, 03/01/2026 (e) |
|
EUR |
2,853 |
|
|
|
3,263 |
|
| Series 17Y, Reg. S, 1.65%, 03/01/2032 (e) |
|
EUR |
2,246 |
|
|
|
2,273 |
|
| Series 20Y, Reg. S, 2.25%, 09/01/2036 (e) |
|
EUR |
2,564 |
|
|
|
2,509 |
|
| Series 20Y, Reg. S, 2.95%, 09/01/2038 (e) |
|
EUR |
3,722 |
|
|
|
3,821 |
|
| Series 20Y, Reg. S, 4.45%, 09/01/2043 (e) |
|
EUR |
2,450 |
|
|
|
2,918 |
|
| Series 21Y, Reg. S, 1.80%, 03/01/2041 (e) |
|
EUR |
3,104 |
|
|
|
2,615 |
|
| Series 21Y, Reg. S, 3.10%, 03/01/2040 (e) |
|
EUR |
4,852 |
|
|
|
4,979 |
|
| Series 26Y, Reg. S, 3.35%, 03/01/2035 (e) |
|
EUR |
4,860 |
|
|
|
5,390 |
|
| Series 30Y, Reg. S, 2.15%, 09/01/2052 (e) |
|
EUR |
2,751 |
|
|
|
2,130 |
|
| Series 30Y, Reg. S, 3.85%, 09/01/2049 (e) |
|
EUR |
5,450 |
|
|
|
5,952 |
|
| Series 30Y, Reg. S, 4.30%, 10/01/2054 (e) |
|
EUR |
880 |
|
|
|
1,003 |
|
| Series 30Y, Reg. S, 4.50%, 10/01/2053 (e) |
|
EUR |
2,955 |
|
|
|
3,519 |
|
| Series 30Y, Reg. S, 6.50%, 11/01/2027 |
|
EUR |
890 |
|
|
|
1,110 |
|
| Series 30Y, Reg. S, 7.25%, 11/01/2026 |
|
EUR |
1,355 |
|
|
|
1,657 |
|
| Series 31Y, Reg. S, 1.70%, 09/01/2051 (e) |
|
EUR |
2,267 |
|
|
|
1,609 |
|
| Series 31Y, Reg. S, 2.70%, 03/01/2047 (e) |
|
EUR |
1,350 |
|
|
|
1,236 |
|
| Series 31Y, Reg. S, 3.25%, 09/01/2046 (e) |
|
EUR |
1,926 |
|
|
|
1,938 |
|
| Series 31Y, Reg. S, 3.45%, 03/01/2048 (e) |
|
EUR |
2,815 |
|
|
|
2,905 |
|
| Series 31Y, Reg. S, 4.00%, 02/01/2037 (e) |
|
EUR |
1,310 |
|
|
|
1,533 |
|
| Series 31Y, Reg. S, 4.75%, 09/01/2044 (e) |
|
EUR |
5,355 |
|
|
|
6,650 |
|
| Series 31Y, Reg. S, 5.00%, 08/01/2034 (e) |
|
EUR |
966 |
|
|
|
1,226 |
|
| Series 31Y, Reg. S, 5.00%, 09/01/2040 (e) |
|
EUR |
560 |
|
|
|
711 |
|
| Series 31Y, Reg. S, 5.25%, 11/01/2029 |
|
EUR |
1,777 |
|
|
|
2,215 |
|
| Series 31Y, Reg. S, 5.75%, 02/01/2033 |
|
EUR |
1,260 |
|
|
|
1,663 |
|
| Series 31Y, Reg. S, 6.00%, 05/01/2031 |
|
EUR |
4,453 |
|
|
|
5,864 |
|
| Series 32Y, Reg. S, 5.00%, 08/01/2039 (e) |
|
EUR |
7,023 |
|
|
|
8,912 |
|
| Series 34Y, Reg. S, 1.50%, 04/30/2045 (e) |
|
EUR |
3,821 |
|
|
|
2,843 |
|
| Series 50Y, Reg. S, 2.15%, 03/01/2072 (e) |
|
EUR |
1,280 |
|
|
|
900 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 50Y, Reg. S, 2.80%, 03/01/2067 (e) |
|
EUR |
1,945 |
|
|
|
1,655 |
|
| Series CAC, Reg. S, 2.45%, 09/01/2050 (e) |
|
EUR |
2,842 |
|
|
|
2,401 |
|
| Japan Bank for International Cooperation, (Japan), |
|
|
|
|
|
|
|
|
| 0.63%, 07/15/2025 |
|
|
250 |
|
|
|
243 |
|
| 3.13%, 02/15/2028 |
|
EUR |
1,000 |
|
|
|
1,136 |
|
| Japan Expressway Holding and Debt Repayment Agency, (Japan), |
|
|
|
|
|
|
|
|
| Series 37, 2.42%, 06/20/2028 |
|
JPY |
100,000 |
|
|
|
743 |
|
| Series 75, 1.96%, 09/19/2031 |
|
JPY |
100,000 |
|
|
|
752 |
|
| Series 271, 0.02%, 03/31/2026 |
|
JPY |
30,000 |
|
|
|
208 |
|
| Japan Finance Organization for Municipalities, (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 02/02/2028 |
|
EUR |
1,000 |
|
|
|
1,025 |
|
| Reg. S, 0.05%, 02/12/2027 |
|
EUR |
500 |
|
|
|
525 |
|
| Reg. S, 0.63%, 09/02/2025 |
|
|
1,000 |
|
|
|
967 |
|
| Series 69, 0.48%, 02/28/2025 |
|
JPY |
100,000 |
|
|
|
696 |
|
| Series 2022, 2.32%, 06/18/2027 |
|
JPY |
20,000 |
|
|
|
146 |
|
| Japan Government Five Year Bond, (Japan), |
|
|
|
|
|
|
|
|
| Series 143, 0.10%, 03/20/2025 |
|
JPY |
15,700 |
|
|
|
109 |
|
| Series 144, 0.10%, 06/20/2025 |
|
JPY |
329,000 |
|
|
|
2,289 |
|
| Series 146, 0.10%, 12/20/2025 |
|
JPY |
452,050 |
|
|
|
3,139 |
|
| Series 148, 0.01%, 06/20/2026 |
|
JPY |
409,750 |
|
|
|
2,834 |
|
| Series 149, 0.01%, 09/20/2026 |
|
JPY |
10,000 |
|
|
|
69 |
|
| Series 150, 0.01%, 12/20/2026 |
|
JPY |
77,150 |
|
|
|
532 |
|
| Series 151, 0.01%, 03/20/2027 |
|
JPY |
4,208,000 |
|
|
|
29,012 |
|
| Series 153, 0.01%, 06/20/2027 |
|
JPY |
3,159,600 |
|
|
|
21,762 |
|
| Series 154, 0.10%, 09/20/2027 |
|
JPY |
1,355,000 |
|
|
|
9,347 |
|
| Series 161, 0.30%, 06/20/2028 |
|
JPY |
290,000 |
|
|
|
2,008 |
|
| Series 164, 0.20%, 12/20/2028 |
|
JPY |
3,606,700 |
|
|
|
24,821 |
|
| Series 167, 0.40%, 03/20/2029 |
|
JPY |
2,435,000 |
|
|
|
16,880 |
|
| Series 168, 0.60%, 03/20/2029 |
|
JPY |
800,000 |
|
|
|
5,594 |
|
| Series 170, 0.60%, 06/20/2029 |
|
JPY |
188,450 |
|
|
|
1,317 |
|
| Japan Government Forty Year Bond, (Japan), |
|
|
|
|
|
|
|
|
| Series 1, 2.40%, 03/20/2048 |
|
JPY |
100,000 |
|
|
|
762 |
|
| Series 3, 2.20%, 03/20/2050 |
|
JPY |
505,350 |
|
|
|
3,679 |
|
| Series 6, 1.90%, 03/20/2053 |
|
JPY |
650 |
|
|
|
4 |
|
| Series 7, 1.70%, 03/20/2054 |
|
JPY |
127,050 |
|
|
|
809 |
|
| Series 8, 1.40%, 03/20/2055 |
|
JPY |
14,350 |
|
|
|
84 |
|
| Series 9, 0.40%, 03/20/2056 |
|
JPY |
617,800 |
|
|
|
2,605 |
|
| Series 10, 0.90%, 03/20/2057 |
|
JPY |
174,350 |
|
|
|
863 |
|
| Series 11, 0.80%, 03/20/2058 |
|
JPY |
91,700 |
|
|
|
432 |
|
| Series 12, 0.50%, 03/20/2059 |
|
JPY |
210,000 |
|
|
|
869 |
|
| Series 13, 0.50%, 03/20/2060 |
|
JPY |
683,000 |
|
|
|
2,765 |
|
| Series 14, 0.70%, 03/20/2061 |
|
JPY |
650,000 |
|
|
|
2,797 |
|
| Series 15, 1.00%, 03/20/2062 |
|
JPY |
544,850 |
|
|
|
2,584 |
|
| Series 16, 1.30%, 03/20/2063 |
|
JPY |
488,850 |
|
|
|
2,534 |
|
| Series 17, 2.20%, 03/20/2064 |
|
JPY |
12,300 |
|
|
|
83 |
|
| Japan Government Ten Year Bond, (Japan), |
|
|
|
|
|
|
|
|
| Series 1, 0.70%, 12/20/2033 |
|
JPY |
3,242,750 |
|
|
|
22,355 |
|
| Series 2, 1.00%, 03/20/2034 |
|
JPY |
180,650 |
|
|
|
1,276 |
|
| Series 342, 0.10%, 03/20/2026 |
|
JPY |
2,000,000 |
|
|
|
13,869 |
|
| Series 343, 0.10%, 06/20/2026 |
|
JPY |
202,900 |
|
|
|
1,406 |
|
| Series 344, 0.10%, 09/20/2026 |
|
JPY |
131,500 |
|
|
|
910 |
|
| Series 345, 0.10%, 12/20/2026 |
|
JPY |
21,950 |
|
|
|
152 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 346, 0.10%, 03/20/2027 |
|
JPY |
4,398,500 |
|
|
|
30,396 |
|
| Series 347, 0.10%, 06/20/2027 |
|
JPY |
2,600,000 |
|
|
|
17,954 |
|
| Series 349, 0.10%, 12/20/2027 |
|
JPY |
152,200 |
|
|
|
1,049 |
|
| Series 353, 0.10%, 12/20/2028 |
|
JPY |
4,700,000 |
|
|
|
32,209 |
|
| Series 354, 0.10%, 03/20/2029 |
|
JPY |
900,000 |
|
|
|
6,157 |
|
| Series 357, 0.10%, 12/20/2029 |
|
JPY |
210,100 |
|
|
|
1,431 |
|
| Series 358, 0.10%, 03/20/2030 |
|
JPY |
90,300 |
|
|
|
614 |
|
| Series 359, 0.10%, 06/20/2030 |
|
JPY |
1,935,000 |
|
|
|
13,149 |
|
| Series 360, 0.10%, 09/20/2030 |
|
JPY |
53,450 |
|
|
|
363 |
|
| Series 361, 0.10%, 12/20/2030 |
|
JPY |
4,351,300 |
|
|
|
29,453 |
|
| Series 362, 0.10%, 03/20/2031 |
|
JPY |
649,500 |
|
|
|
4,390 |
|
| Series 363, 0.10%, 06/20/2031 |
|
JPY |
2,906,200 |
|
|
|
19,598 |
|
| Series 364, 0.10%, 09/20/2031 |
|
JPY |
531,050 |
|
|
|
3,573 |
|
| Series 365, 0.10%, 12/20/2031 |
|
JPY |
112,350 |
|
|
|
754 |
|
| Series 366, 0.20%, 03/20/2032 |
|
JPY |
4,345,100 |
|
|
|
29,296 |
|
| Series 367, 0.20%, 06/20/2032 |
|
JPY |
6,000 |
|
|
|
40 |
|
| Series 368, 0.20%, 09/20/2032 |
|
JPY |
116,450 |
|
|
|
781 |
|
| Series 369, 0.50%, 12/20/2032 |
|
JPY |
181,000 |
|
|
|
1,241 |
|
| Series 370, 0.50%, 03/20/2033 |
|
JPY |
242,700 |
|
|
|
1,659 |
|
| Series 371, 0.40%, 06/20/2033 |
|
JPY |
65,000 |
|
|
|
439 |
|
| Series 372, 0.80%, 09/20/2033 |
|
JPY |
206,850 |
|
|
|
1,443 |
|
| Series 373, 0.60%, 12/20/2033 |
|
JPY |
2,829,400 |
|
|
|
19,331 |
|
| Series 374, 0.80%, 03/20/2034 |
|
JPY |
3,940,600 |
|
|
|
27,344 |
|
| Series 375, 1.10%, 06/20/2034 |
|
JPY |
587,050 |
|
|
|
4,174 |
|
| Japan Government Thirty Year Bond, (Japan), |
|
|
|
|
|
|
|
|
| Series 11, 1.70%, 06/20/2033 |
|
JPY |
100,000 |
|
|
|
752 |
|
| Series 21, 2.30%, 12/20/2035 |
|
JPY |
704,850 |
|
|
|
5,564 |
|
| Series 22, 2.50%, 03/20/2036 |
|
JPY |
116,250 |
|
|
|
935 |
|
| Series 24, 2.50%, 09/20/2036 |
|
JPY |
46,950 |
|
|
|
378 |
|
| Series 33, 2.00%, 09/20/2040 |
|
JPY |
333,000 |
|
|
|
2,491 |
|
| Series 34, 2.20%, 03/20/2041 |
|
JPY |
23,000 |
|
|
|
176 |
|
| Series 40, 1.80%, 09/20/2043 |
|
JPY |
5,450 |
|
|
|
39 |
|
| Series 42, 1.70%, 03/20/2044 |
|
JPY |
1,650,000 |
|
|
|
11,510 |
|
| Series 43, 1.70%, 06/20/2044 |
|
JPY |
620,200 |
|
|
|
4,315 |
|
| Series 44, 1.70%, 09/20/2044 |
|
JPY |
14,000 |
|
|
|
97 |
|
| Series 47, 1.60%, 06/20/2045 |
|
JPY |
10,000 |
|
|
|
68 |
|
| Series 49, 1.40%, 12/20/2045 |
|
JPY |
165,000 |
|
|
|
1,071 |
|
| Series 59, 0.70%, 06/20/2048 |
|
JPY |
1,250,000 |
|
|
|
6,717 |
|
| Series 61, 0.70%, 12/20/2048 |
|
JPY |
2,550 |
|
|
|
14 |
|
| Series 62, 0.50%, 03/20/2049 |
|
JPY |
1,600,000 |
|
|
|
8,046 |
|
| Series 63, 0.40%, 06/20/2049 |
|
JPY |
195,100 |
|
|
|
948 |
|
| Series 64, 0.40%, 09/20/2049 |
|
JPY |
45,650 |
|
|
|
220 |
|
| Series 65, 0.40%, 12/20/2049 |
|
JPY |
1,800,000 |
|
|
|
8,658 |
|
| Series 66, 0.40%, 03/20/2050 |
|
JPY |
1,465,150 |
|
|
|
7,006 |
|
| Series 67, 0.60%, 06/20/2050 |
|
JPY |
50,000 |
|
|
|
251 |
|
| Series 68, 0.60%, 09/20/2050 |
|
JPY |
121,500 |
|
|
|
608 |
|
| Series 69, 0.70%, 12/20/2050 |
|
JPY |
130,000 |
|
|
|
665 |
|
| Series 71, 0.70%, 06/20/2051 |
|
JPY |
385,800 |
|
|
|
1,954 |
|
| Series 73, 0.70%, 12/20/2051 |
|
JPY |
8,000 |
|
|
|
40 |
|
| Series 74, 1.00%, 03/20/2052 |
|
JPY |
114,000 |
|
|
|
619 |
|
| Series 75, 1.30%, 06/20/2052 |
|
JPY |
56,000 |
|
|
|
328 |
|
| Series 76, 1.40%, 09/20/2052 |
|
JPY |
3,000 |
|
|
|
18 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 77, 1.60%, 12/20/2052 |
|
JPY |
41,500 |
|
|
|
260 |
|
| Series 78, 1.40%, 03/20/2053 |
|
JPY |
1,006,000 |
|
|
|
5,994 |
|
| Series 79, 1.20%, 06/20/2053 |
|
JPY |
750,000 |
|
|
|
4,241 |
|
| Series 80, 1.80%, 09/20/2053 |
|
JPY |
11,800 |
|
|
|
77 |
|
| Series 81, 1.60%, 12/20/2053 |
|
JPY |
1,036,600 |
|
|
|
6,447 |
|
| Series 82, 1.80%, 03/20/2054 |
|
JPY |
1,213,150 |
|
|
|
7,901 |
|
| Series 83, 2.20%, 06/20/2054 |
|
JPY |
83,950 |
|
|
|
597 |
|
| Japan Government Twenty Year Bond, (Japan), |
|
|
|
|
|
|
|
|
| Series 80, 2.10%, 06/20/2025 |
|
JPY |
517,000 |
|
|
|
3,648 |
|
| Series 105, 2.10%, 09/20/2028 |
|
JPY |
214,950 |
|
|
|
1,593 |
|
| Series 117, 2.10%, 03/20/2030 |
|
JPY |
38,000 |
|
|
|
287 |
|
| Series 118, 2.00%, 06/20/2030 |
|
JPY |
6,800 |
|
|
|
51 |
|
| Series 121, 1.90%, 09/20/2030 |
|
JPY |
3,500,000 |
|
|
|
26,307 |
|
| Series 122, 1.80%, 09/20/2030 |
|
JPY |
924,000 |
|
|
|
6,908 |
|
| Series 129, 1.80%, 06/20/2031 |
|
JPY |
233,450 |
|
|
|
1,756 |
|
| Series 131, 1.70%, 09/20/2031 |
|
JPY |
61,200 |
|
|
|
458 |
|
| Series 140, 1.70%, 09/20/2032 |
|
JPY |
163,950 |
|
|
|
1,232 |
|
| Series 142, 1.80%, 12/20/2032 |
|
JPY |
10,900 |
|
|
|
82 |
|
| Series 143, 1.60%, 03/20/2033 |
|
JPY |
4,800 |
|
|
|
36 |
|
| Series 147, 1.60%, 12/20/2033 |
|
JPY |
2,900,000 |
|
|
|
21,601 |
|
| Series 148, 1.50%, 03/20/2034 |
|
JPY |
450,250 |
|
|
|
3,322 |
|
| Series 149, 1.50%, 06/20/2034 |
|
JPY |
498,700 |
|
|
|
3,675 |
|
| Series 151, 1.20%, 12/20/2034 |
|
JPY |
65,700 |
|
|
|
470 |
|
| Series 153, 1.30%, 06/20/2035 |
|
JPY |
10,000 |
|
|
|
72 |
|
| Series 157, 0.20%, 06/20/2036 |
|
JPY |
900,000 |
|
|
|
5,662 |
|
| Series 160, 0.70%, 03/20/2037 |
|
JPY |
258,000 |
|
|
|
1,702 |
|
| Series 161, 0.60%, 06/20/2037 |
|
JPY |
2,800,000 |
|
|
|
18,175 |
|
| Series 163, 0.60%, 12/20/2037 |
|
JPY |
180,000 |
|
|
|
1,158 |
|
| Series 164, 0.50%, 03/20/2038 |
|
JPY |
237,350 |
|
|
|
1,500 |
|
| Series 165, 0.50%, 06/20/2038 |
|
JPY |
3,450 |
|
|
|
22 |
|
| Series 167, 0.50%, 12/20/2038 |
|
JPY |
2,482,750 |
|
|
|
15,456 |
|
| Series 168, 0.40%, 03/20/2039 |
|
JPY |
15,500 |
|
|
|
95 |
|
| Series 169, 0.30%, 06/20/2039 |
|
JPY |
784,700 |
|
|
|
4,694 |
|
| Series 170, 0.30%, 09/20/2039 |
|
JPY |
833,900 |
|
|
|
4,954 |
|
| Series 171, 0.30%, 12/20/2039 |
|
JPY |
89,000 |
|
|
|
526 |
|
| Series 172, 0.40%, 03/20/2040 |
|
JPY |
2,952,950 |
|
|
|
17,631 |
|
| Series 173, 0.40%, 06/20/2040 |
|
JPY |
125,000 |
|
|
|
743 |
|
| Series 174, 0.40%, 09/20/2040 |
|
JPY |
150,000 |
|
|
|
886 |
|
| Series 175, 0.50%, 12/20/2040 |
|
JPY |
80,000 |
|
|
|
478 |
|
| Series 176, 0.50%, 03/20/2041 |
|
JPY |
173,050 |
|
|
|
1,029 |
|
| Series 177, 0.40%, 06/20/2041 |
|
JPY |
40,000 |
|
|
|
233 |
|
| Series 178, 0.50%, 09/20/2041 |
|
JPY |
410,950 |
|
|
|
2,419 |
|
| Series 179, 0.50%, 12/20/2041 |
|
JPY |
3,537,600 |
|
|
|
20,734 |
|
| Series 180, 0.80%, 03/20/2042 |
|
JPY |
190,000 |
|
|
|
1,167 |
|
| Series 183, 1.40%, 12/20/2042 |
|
JPY |
35,000 |
|
|
|
235 |
|
| Series 184, 1.10%, 03/20/2043 |
|
JPY |
13,650 |
|
|
|
87 |
|
| Series 185, 1.10%, 06/20/2043 |
|
JPY |
14,000 |
|
|
|
89 |
|
| Series 186, 1.50%, 09/20/2043 |
|
JPY |
268,800 |
|
|
|
1,822 |
|
| Series 187, 1.30%, 12/20/2043 |
|
JPY |
2,016,000 |
|
|
|
13,186 |
|
| Series 188, 1.60%, 03/20/2044 |
|
JPY |
2,420,550 |
|
|
|
16,589 |
|
| Series 189, 1.90%, 06/20/2044 |
|
JPY |
228,800 |
|
|
|
1,645 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Japan Government Two Year Bond, (Japan), |
|
|
|
|
|
|
|
|
| Series 454, 0.10%, 11/01/2025 |
|
JPY |
800,000 |
|
|
|
5,558 |
|
| Series 455, 0.01%, 12/01/2025 |
|
JPY |
1,600,000 |
|
|
|
11,098 |
|
| Series 458, 0.20%, 03/01/2026 |
|
JPY |
625,000 |
|
|
|
4,341 |
|
| Series 459, 0.20%, 04/01/2026 |
|
JPY |
2,000,000 |
|
|
|
13,889 |
|
| Series 460, 0.30%, 05/01/2026 |
|
JPY |
1,986,500 |
|
|
|
13,812 |
|
| Series 464, 0.40%, 09/01/2026 |
|
JPY |
520,200 |
|
|
|
3,621 |
|
| Japan Housing Finance Agency, (Japan), |
|
|
|
|
|
|
|
|
| Series 71, 1.75%, 03/19/2026 |
|
JPY |
200,000 |
|
|
|
1,418 |
|
| Series 108, 1.43%, 06/18/2027 |
|
JPY |
100,000 |
|
|
|
712 |
|
| Japan International Cooperation Agency, (Japan), Series 35, 0.08%, 06/19/2026 |
|
JPY |
200,000 |
|
|
|
1,382 |
|
| Japanese Government CPI Linked Bond, (Japan), Series 25, 0.20%, 03/10/2030 |
|
JPY |
108,312 |
|
|
|
809 |
|
| Jersey International Bond, (Jersey), Reg. S, 3.75%, 06/09/2054 |
|
GBP |
400 |
|
|
|
431 |
|
| Junta de Castilla y Leon, (Spain), Reg. S, 0.43%, 04/30/2030 |
|
EUR |
62 |
|
|
|
61 |
|
| Kazakhstan Government International Bond, (Kazakhstan), Reg. S, 1.50%, 09/30/2034 |
|
EUR |
400 |
|
|
|
381 |
|
| Kingdom of Belgium Government Bond, (Belgium), |
|
|
|
|
|
|
|
|
| Series 44, Reg. S, 5.00%, 03/28/2035 (e) |
|
EUR |
3,430 |
|
|
|
4,569 |
|
| Series 60, Reg. S, 4.25%, 03/28/2041 (e) |
|
EUR |
2,330 |
|
|
|
2,959 |
|
| Series 64, Reg. S, 4.50%, 03/28/2026 (e) |
|
EUR |
1,245 |
|
|
|
1,431 |
|
| Series 66, Reg. S, 4.00%, 03/28/2032 |
|
EUR |
992 |
|
|
|
1,211 |
|
| Series 71, Reg. S, 3.75%, 06/22/2045 |
|
EUR |
1,313 |
|
|
|
1,569 |
|
| Series 73, Reg. S, 3.00%, 06/22/2034 (e) |
|
EUR |
3,738 |
|
|
|
4,265 |
|
| Series 75, Reg. S, 1.00%, 06/22/2031 (e) |
|
EUR |
2,797 |
|
|
|
2,834 |
|
| Series 76, Reg. S, 1.90%, 06/22/2038 (e) |
|
EUR |
1,740 |
|
|
|
1,695 |
|
| Series 77, Reg. S, 1.00%, 06/22/2026 (e) |
|
EUR |
2,862 |
|
|
|
3,121 |
|
| Series 78, Reg. S, 1.60%, 06/22/2047 (e) |
|
EUR |
2,317 |
|
|
|
1,890 |
|
| Series 80, Reg. S, 2.15%, 06/22/2066 (e) |
|
EUR |
1,561 |
|
|
|
1,295 |
|
| Series 81, Reg. S, 0.80%, 06/22/2027 (e) |
|
EUR |
2,270 |
|
|
|
2,436 |
|
| Series 83, Reg. S, 2.25%, 06/22/2057 (e) |
|
EUR |
967 |
|
|
|
835 |
|
| Series 84, Reg. S, 1.45%, 06/22/2037 (e) |
|
EUR |
830 |
|
|
|
778 |
|
| Series 85, Reg. S, 0.80%, 06/22/2028 (e) |
|
EUR |
5,432 |
|
|
|
5,743 |
|
| Series 86, Reg. S, 1.25%, 04/22/2033 (e) |
|
EUR |
2,674 |
|
|
|
2,679 |
|
| Series 87, Reg. S, 0.90%, 06/22/2029 (e) |
|
EUR |
3,854 |
|
|
|
4,025 |
|
| Series 88, Reg. S, 1.70%, 06/22/2050 (e) |
|
EUR |
1,736 |
|
|
|
1,391 |
|
| Series 89, Reg. S, 0.10%, 06/22/2030 (e) |
|
EUR |
1,501 |
|
|
|
1,470 |
|
| Series 90, Reg. S, 0.40%, 06/22/2040 (e) |
|
EUR |
1,285 |
|
|
|
950 |
|
| Series 91, Reg. S, 0.00%, 10/22/2027 (e) |
|
EUR |
6,446 |
|
|
|
6,713 |
|
| Series 92, Reg. S, 0.00%, 10/22/2031 (e) |
|
EUR |
2,187 |
|
|
|
2,045 |
|
| Series 93, Reg. S, 0.65%, 06/22/2071 (e) |
|
EUR |
1,508 |
|
|
|
713 |
|
| Series 94, Reg. S, 0.35%, 06/22/2032 (e) |
|
EUR |
1,880 |
|
|
|
1,768 |
|
| Series 95, Reg. S, 1.40%, 06/22/2053 (e) |
|
EUR |
2,395 |
|
|
|
1,707 |
|
| Series 96, Reg. S, 2.75%, 04/22/2039 (e) |
|
EUR |
1,550 |
|
|
|
1,666 |
|
| Series 97, Reg. S, 3.00%, 06/22/2033 (e) |
|
EUR |
3,020 |
|
|
|
3,456 |
|
| Series 98, Reg. S, 3.30%, 06/22/2054 (e) |
|
EUR |
1,680 |
|
|
|
1,830 |
|
| Series 99, Reg. S, 3.45%, 06/22/2043 (e) |
|
EUR |
929 |
|
|
|
1,067 |
|
| Series 100, Reg. S, 2.85%, 10/22/2034 (e) |
|
EUR |
1,740 |
|
|
|
1,953 |
|
| Series 101, Reg. S, 3.50%, 06/22/2055 (e) |
|
EUR |
1,290 |
|
|
|
1,451 |
|
| Series 102, Reg. S, 2.70%, 10/22/2029 (e) |
|
EUR |
700 |
|
|
|
792 |
|
| Kommunalbanken A/S, (Norway), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 10/24/2029 |
|
EUR |
1,500 |
|
|
|
1,486 |
|
| Reg. S, 0.88%, 05/24/2027 |
|
EUR |
500 |
|
|
|
536 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Kommunekredit, (Denmark), |
|
|
|
|
|
|
|
|
| 0.00%, 11/17/2029 |
|
EUR |
800 |
|
|
|
790 |
|
| Reg. S, 0.01%, 05/04/2034 |
|
EUR |
500 |
|
|
|
432 |
|
| Reg. S, 0.50%, 01/24/2025 |
|
EUR |
460 |
|
|
|
508 |
|
| Reg. S, 2.88%, 01/19/2035 |
|
EUR |
7,000 |
|
|
|
7,903 |
|
| Kommuninvest I Sverige AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 06/10/2026 |
|
SEK |
2,000 |
|
|
|
191 |
|
| Reg. S, 3.00%, 06/18/2031 |
|
SEK |
4,000 |
|
|
|
407 |
|
| Series 2505, Reg. S, 1.00%, 05/12/2025 |
|
SEK |
5,000 |
|
|
|
487 |
|
| Series 2602, Reg. S, 0.75%, 02/04/2026 |
|
SEK |
2,880 |
|
|
|
278 |
|
| Series 2611, Reg. S, 1.00%, 11/12/2026 |
|
SEK |
4,000 |
|
|
|
386 |
|
| Korea Development Bank (The), (South Korea), |
|
|
|
|
|
|
|
|
| Reg. S, 1.83%, 08/10/2027 |
|
SEK |
2,000 |
|
|
|
189 |
|
| 2.63%, 09/08/2027 |
|
EUR |
1,500 |
|
|
|
1,668 |
|
| 6.00%, 01/22/2025 |
|
IDR |
15,000,000 |
|
|
|
987 |
|
| Korea Expressway Corp., (South Korea), Reg. S, 3.10%, 06/08/2026 |
|
|
800 |
|
|
|
771 |
|
| Korea Housing Finance Corp., (South Korea), |
|
|
|
|
|
|
|
|
| Reg. S, 0.26%, 10/27/2028 |
|
EUR |
1,900 |
|
|
|
1,928 |
|
| Reg. S, 1.96%, 07/19/2026 |
|
EUR |
1,800 |
|
|
|
1,981 |
|
| Reg. S, 3.71%, 04/11/2027 |
|
EUR |
100 |
|
|
|
114 |
|
| Korea National Oil Corp., (South Korea), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/04/2024 |
|
CHF |
300 |
|
|
|
355 |
|
| Reg. S, 0.26%, 07/30/2027 |
|
CHF |
300 |
|
|
|
347 |
|
| Korea Treasury Bond, (South Korea), |
|
|
|
|
|
|
|
|
| Series 2512, 4.25%, 12/10/2025 |
|
KRW |
6,500,000 |
|
|
|
5,049 |
|
| Series 2603, 1.25%, 03/10/2026 |
|
KRW |
4,145,000 |
|
|
|
3,099 |
|
| Series 2603, 3.25%, 03/10/2026 |
|
KRW |
6,000,000 |
|
|
|
4,614 |
|
| Series 2612, 1.50%, 12/10/2026 |
|
KRW |
569,490 |
|
|
|
423 |
|
| Series 2612, 3.88%, 12/10/2026 |
|
KRW |
9,000,000 |
|
|
|
7,036 |
|
| Series 2706, 2.13%, 06/10/2027 |
|
KRW |
5,500,000 |
|
|
|
4,130 |
|
| Series 2803, 3.25%, 03/10/2028 |
|
KRW |
110,000 |
|
|
|
85 |
|
| Series 2806, 2.63%, 06/10/2028 |
|
KRW |
6,050,000 |
|
|
|
4,588 |
|
| Series 2809, 3.50%, 09/10/2028 |
|
KRW |
5,800,000 |
|
|
|
4,539 |
|
| Series 2912, 1.38%, 12/10/2029 |
|
KRW |
5,000,000 |
|
|
|
3,538 |
|
| Series 3006, 1.38%, 06/10/2030 |
|
KRW |
3,160,000 |
|
|
|
2,218 |
|
| Series 3012, 1.50%, 12/10/2030 |
|
KRW |
1,500,000 |
|
|
|
1,054 |
|
| Series 3106, 2.00%, 06/10/2031 |
|
KRW |
4,491,310 |
|
|
|
3,243 |
|
| Series 3112, 2.38%, 12/10/2031 |
|
KRW |
60,920 |
|
|
|
45 |
|
| Series 3206, 3.38%, 06/10/2032 |
|
KRW |
4,500,000 |
|
|
|
3,553 |
|
| Series 3212, 4.25%, 12/10/2032 |
|
KRW |
2,600,000 |
|
|
|
2,159 |
|
| Series 3306, 3.25%, 06/10/2033 |
|
KRW |
160,000 |
|
|
|
125 |
|
| Series 3312, 4.13%, 12/10/2033 |
|
KRW |
4,024,390 |
|
|
|
3,363 |
|
| Series 3406, 3.50%, 06/10/2034 |
|
KRW |
698,030 |
|
|
|
556 |
|
| Series 3709, 2.25%, 09/10/2037 |
|
KRW |
3,000,000 |
|
|
|
2,108 |
|
| Series 3809, 2.38%, 09/10/2038 |
|
KRW |
1,406,080 |
|
|
|
999 |
|
| Series 4009, 1.50%, 09/10/2040 |
|
KRW |
277,980 |
|
|
|
172 |
|
| Series 4109, 1.88%, 09/10/2041 |
|
KRW |
2,115,790 |
|
|
|
1,378 |
|
| Series 4209, 3.25%, 09/10/2042 |
|
KRW |
2,135,980 |
|
|
|
1,692 |
|
| Series 4212, 3.00%, 12/10/2042 |
|
KRW |
70,000 |
|
|
|
54 |
|
| Series 4309, 3.88%, 09/10/2043 |
|
KRW |
4,168,100 |
|
|
|
3,593 |
|
| Series 4803, 2.63%, 03/10/2048 |
|
KRW |
6,000,000 |
|
|
|
4,346 |
|
| Series 4903, 2.00%, 03/10/2049 |
|
KRW |
5,014,620 |
|
|
|
3,210 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 5003, 1.50%, 03/10/2050 |
|
KRW |
4,937,810 |
|
|
|
2,821 |
|
| Series 5103, 1.88%, 03/10/2051 |
|
KRW |
2,881,580 |
|
|
|
1,792 |
|
| Series 5303, 3.25%, 03/10/2053 |
|
KRW |
4,251,170 |
|
|
|
3,446 |
|
| Series 5309, 3.63%, 09/10/2053 |
|
KRW |
3,979,440 |
|
|
|
3,452 |
|
| Series 5403, 3.25%, 03/10/2054 |
|
KRW |
4,188,600 |
|
|
|
3,383 |
|
| Series 5409, 2.75%, 09/10/2054 |
|
KRW |
761,650 |
|
|
|
565 |
|
| Series 6809, 2.00%, 09/10/2068 |
|
KRW |
1,200,000 |
|
|
|
720 |
|
| Series 7009, 1.63%, 09/10/2070 |
|
KRW |
250,340 |
|
|
|
131 |
|
| Series 7209, 3.50%, 09/10/2072 |
|
KRW |
1,300,000 |
|
|
|
1,167 |
|
| Kuntarahoitus OYJ, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/14/2030 |
|
EUR |
500 |
|
|
|
481 |
|
| Reg. S, 0.05%, 09/06/2029 |
|
EUR |
400 |
|
|
|
398 |
|
| Reg. S, 0.25%, 02/25/2032 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 1.25%, 02/23/2033 |
|
EUR |
600 |
|
|
|
600 |
|
| Reg. S, 2.75%, 02/02/2034 |
|
EUR |
300 |
|
|
|
335 |
|
| Reg. S, 2.88%, 01/18/2028 |
|
EUR |
1,600 |
|
|
|
1,814 |
|
| Reg. S, 3.00%, 09/25/2028 |
|
EUR |
200 |
|
|
|
228 |
|
| Land Baden-Wuerttemberg, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 09/02/2030 |
|
EUR |
218 |
|
|
|
212 |
|
| Reg. S, 0.01%, 03/07/2031 |
|
EUR |
400 |
|
|
|
383 |
|
| Reg. S, 0.13%, 11/19/2040 |
|
EUR |
100 |
|
|
|
72 |
|
| Reg. S, 0.63%, 01/27/2026 |
|
EUR |
380 |
|
|
|
413 |
|
| Reg. S, 3.00%, 06/27/2033 |
|
EUR |
800 |
|
|
|
928 |
|
| Land Berlin, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 07/02/2030 |
|
EUR |
490 |
|
|
|
477 |
|
| Reg. S, 0.05%, 08/06/2040 |
|
EUR |
200 |
|
|
|
143 |
|
| Reg. S, 0.10%, 01/18/2030 |
|
EUR |
635 |
|
|
|
629 |
|
| Reg. S, 0.13%, 11/24/2045 |
|
EUR |
90 |
|
|
|
56 |
|
| Reg. S, 0.15%, 02/22/2036 |
|
EUR |
200 |
|
|
|
168 |
|
| Reg. S, 0.63%, 02/05/2029 |
|
EUR |
800 |
|
|
|
830 |
|
| Reg. S, 0.63%, 01/26/2052 |
|
EUR |
200 |
|
|
|
124 |
|
| Reg. S, 1.25%, 06/01/2028 |
|
EUR |
500 |
|
|
|
536 |
|
| Reg. S, 1.63%, 08/02/2032 |
|
EUR |
180 |
|
|
|
188 |
|
| Reg. S, 2.88%, 02/15/2034 |
|
EUR |
200 |
|
|
|
228 |
|
| Reg. S, 3.00%, 03/13/2054 |
|
EUR |
510 |
|
|
|
567 |
|
| Series 493, Reg. S, 0.63%, 02/08/2027 |
|
EUR |
220 |
|
|
|
236 |
|
| Series 495, Reg. S, 1.38%, 06/05/2037 |
|
EUR |
260 |
|
|
|
247 |
|
| Series 506, Reg. S, 1.38%, 08/27/2038 |
|
EUR |
115 |
|
|
|
107 |
|
| Series 530, Reg. S, 0.10%, 01/18/2041 |
|
EUR |
80 |
|
|
|
57 |
|
| Series 546, 2.75%, 02/14/2033 |
|
EUR |
1,080 |
|
|
|
1,226 |
|
| Series 557, Reg. S, 3.00%, 05/15/2029 |
|
EUR |
300 |
|
|
|
344 |
|
| Land Thueringen, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 05/06/2030 |
|
EUR |
260 |
|
|
|
255 |
|
| Reg. S, 0.13%, 01/13/2051 |
|
EUR |
100 |
|
|
|
53 |
|
| 0.50%, 03/02/2029 |
|
EUR |
600 |
|
|
|
618 |
|
| Reg. S, 3.00%, 11/15/2028 |
|
EUR |
800 |
|
|
|
916 |
|
| Latvia Government International Bond, (Latvia), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 03/17/2031 |
|
EUR |
100 |
|
|
|
92 |
|
| Reg. S, 0.25%, 01/23/2030 |
|
EUR |
1,000 |
|
|
|
966 |
|
| Reg. S, 1.13%, 05/30/2028 |
|
EUR |
390 |
|
|
|
411 |
|
| Reg. S, 1.38%, 05/16/2036 |
|
EUR |
610 |
|
|
|
558 |
|
| Reg. S, 1.88%, 02/19/2049 |
|
EUR |
100 |
|
|
|
81 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.50%, 01/17/2028 |
|
EUR |
650 |
|
|
|
743 |
|
| Reg. S, 3.88%, 05/22/2029 |
|
EUR |
1,020 |
|
|
|
1,181 |
|
| LCR Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.50%, 12/07/2028 |
|
GBP |
400 |
|
|
|
543 |
|
| Reg. S, 4.50%, 12/07/2038 |
|
GBP |
110 |
|
|
|
148 |
|
| 5.10%, 03/07/2051 |
|
GBP |
150 |
|
|
|
211 |
|
| Lithuania Government International Bond, (Lithuania), |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 07/28/2050 |
|
EUR |
560 |
|
|
|
320 |
|
| Reg. S, 0.75%, 05/06/2030 |
|
EUR |
440 |
|
|
|
434 |
|
| Reg. S, 0.95%, 05/26/2027 |
|
EUR |
500 |
|
|
|
532 |
|
| Reg. S, 2.13%, 06/01/2032 |
|
EUR |
1,010 |
|
|
|
1,054 |
|
| Reg. S, 3.88%, 06/14/2033 |
|
EUR |
800 |
|
|
|
941 |
|
| Malaysia Government Bond, (Malaysia), |
|
|
|
|
|
|
|
|
| Series 119, 3.91%, 07/15/2026 |
|
MYR |
5,600 |
|
|
|
1,373 |
|
| Series 120, 4.07%, 06/15/2050 |
|
MYR |
4,100 |
|
|
|
982 |
|
| Series 122, 3.58%, 07/15/2032 |
|
MYR |
9,710 |
|
|
|
2,332 |
|
| Series 123, 4.46%, 03/31/2053 |
|
MYR |
4,600 |
|
|
|
1,162 |
|
| Series 124, 4.05%, 04/18/2039 |
|
MYR |
10,770 |
|
|
|
2,655 |
|
| Series 219, 3.89%, 08/15/2029 |
|
MYR |
6,600 |
|
|
|
1,627 |
|
| Series 220, 2.63%, 04/15/2031 |
|
MYR |
11,660 |
|
|
|
2,653 |
|
| Series 222, 4.70%, 10/15/2042 |
|
MYR |
8,700 |
|
|
|
2,291 |
|
| Series 223, 3.52%, 04/20/2028 |
|
MYR |
11,000 |
|
|
|
2,673 |
|
| Series 316, 3.90%, 11/30/2026 |
|
MYR |
7,500 |
|
|
|
1,843 |
|
| Series 318, 4.64%, 11/07/2033 |
|
MYR |
200 |
|
|
|
52 |
|
| Series 322, 4.50%, 04/30/2029 |
|
MYR |
10,000 |
|
|
|
2,526 |
|
| Series 417, 3.90%, 11/16/2027 |
|
MYR |
3,500 |
|
|
|
861 |
|
| Series 518, 4.92%, 07/06/2048 |
|
MYR |
4,000 |
|
|
|
1,086 |
|
| Series 519, 3.76%, 05/22/2040 |
|
MYR |
640 |
|
|
|
151 |
|
| Malaysia Government Investment Issue, (Malaysia), |
|
|
|
|
|
|
|
|
| Series 119, 4.13%, 07/09/2029 |
|
MYR |
810 |
|
|
|
202 |
|
| Series 120, 3.42%, 09/30/2027 |
|
MYR |
3,270 |
|
|
|
793 |
|
| Series 122, 4.19%, 10/07/2032 |
|
MYR |
140 |
|
|
|
35 |
|
| Series 222, 5.36%, 05/15/2052 |
|
MYR |
20 |
|
|
|
6 |
|
| Series 223, 4.29%, 08/14/2043 |
|
MYR |
5,200 |
|
|
|
1,300 |
|
| Series 417, 4.90%, 05/08/2047 |
|
MYR |
271 |
|
|
|
74 |
|
| Series 617, 4.72%, 06/15/2033 |
|
MYR |
505 |
|
|
|
131 |
|
| Series 619, 4.12%, 11/30/2034 |
|
MYR |
15,000 |
|
|
|
3,748 |
|
| Metropolitano de Lisboa EPE, (Portugal), |
|
|
|
|
|
|
|
|
| 4.80%, 12/07/2027 |
|
EUR |
800 |
|
|
|
952 |
|
| 7.30%, 12/23/2025 |
|
EUR |
500 |
|
|
|
586 |
|
| Mexican Bonos, (Mexico), |
|
|
|
|
|
|
|
|
| Series M, 7.50%, 06/03/2027 |
|
MXN |
17,000 |
|
|
|
830 |
|
| Series M, 7.75%, 05/29/2031 |
|
MXN |
12,000 |
|
|
|
566 |
|
| Series M, 7.75%, 11/13/2042 |
|
MXN |
2,000 |
|
|
|
85 |
|
| Series M, 8.00%, 11/07/2047 |
|
MXN |
5,000 |
|
|
|
214 |
|
| Series M, 8.50%, 05/31/2029 |
|
MXN |
1,000 |
|
|
|
49 |
|
| Series M, 8.50%, 11/18/2038 |
|
MXN |
2,000 |
|
|
|
93 |
|
| Series M, 10.00%, 11/20/2036 |
|
MXN |
3,000 |
|
|
|
159 |
|
| Mexico Government International Bond, (Mexico), |
|
|
|
|
|
|
|
|
| 1.13%, 01/17/2030 |
|
EUR |
1,200 |
|
|
|
1,157 |
|
| 1.45%, 10/25/2033 |
|
EUR |
7,000 |
|
|
|
6,076 |
|
| 1.63%, 04/08/2026 |
|
EUR |
200 |
|
|
|
217 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| 1.75%, 04/17/2028 |
|
EUR |
2,000 |
|
|
|
2,107 |
|
| 3.00%, 03/06/2045 |
|
EUR |
825 |
|
|
|
692 |
|
| Reg. S, 3.38%, 02/23/2031 |
|
EUR |
3,000 |
|
|
|
3,212 |
|
| 3.50%, 02/12/2034 |
|
|
200 |
|
|
|
170 |
|
| Reg. S, 4.00%, 03/15/2115 |
|
EUR |
3,500 |
|
|
|
2,891 |
|
| 4.49%, 05/25/2032 |
|
EUR |
4,900 |
|
|
|
5,512 |
|
| Reg. S, 5.63%, 03/19/2114 |
|
GBP |
800 |
|
|
|
794 |
|
| 5.75%, 10/12/2110 |
|
|
80 |
|
|
|
69 |
|
| Ministeries Van de Vlaamse Gemeenschap, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.30%, 10/20/2031 |
|
EUR |
900 |
|
|
|
844 |
|
| Reg. S, 1.00%, 01/23/2051 |
|
EUR |
100 |
|
|
|
64 |
|
| Reg. S, 1.38%, 11/21/2033 |
|
EUR |
500 |
|
|
|
490 |
|
| Reg. S, 1.50%, 07/12/2038 |
|
EUR |
100 |
|
|
|
90 |
|
| Reg. S, 1.50%, 04/11/2044 |
|
EUR |
100 |
|
|
|
81 |
|
| Reg. S, 3.00%, 10/12/2032 |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 3.13%, 06/22/2034 |
|
EUR |
600 |
|
|
|
679 |
|
| Reg. S, 3.25%, 01/12/2043 |
|
EUR |
200 |
|
|
|
217 |
|
| Reg. S, 3.50%, 06/22/2045 |
|
EUR |
700 |
|
|
|
788 |
|
| Reg. S, 4.00%, 09/26/2042 |
|
EUR |
300 |
|
|
|
361 |
|
| Municipal Finance Authority of British Columbia, (Canada), |
|
|
|
|
|
|
|
|
| 1.10%, 06/01/2025 |
|
CAD |
200 |
|
|
|
146 |
|
| 2.55%, 10/09/2029 |
|
CAD |
300 |
|
|
|
216 |
|
| Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden NV, (Netherlands), Reg. S, 3.00%, 10/25/2027 |
|
EUR |
400 |
|
|
|
456 |
|
| Nederlandse Waterschapsbank NV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 09/08/2031 |
|
EUR |
930 |
|
|
|
874 |
|
| Reg. S, 0.00%, 02/16/2037 |
|
EUR |
850 |
|
|
|
668 |
|
| Reg. S, 0.05%, 01/28/2030 |
|
EUR |
374 |
|
|
|
368 |
|
| Reg. S, 0.25%, 01/19/2032 |
|
EUR |
600 |
|
|
|
567 |
|
| Reg. S, 0.38%, 09/28/2046 |
|
EUR |
269 |
|
|
|
171 |
|
| Reg. S, 0.63%, 01/18/2027 |
|
EUR |
1,000 |
|
|
|
1,073 |
|
| Reg. S, 0.63%, 02/06/2029 |
|
EUR |
500 |
|
|
|
516 |
|
| Reg. S, 0.75%, 10/04/2041 |
|
EUR |
200 |
|
|
|
154 |
|
| Reg. S, 1.00%, 03/01/2028 |
|
EUR |
300 |
|
|
|
319 |
|
| Reg. S, 1.25%, 06/07/2032 |
|
EUR |
200 |
|
|
|
203 |
|
| Reg. S, 1.25%, 05/27/2036 |
|
EUR |
140 |
|
|
|
132 |
|
| Reg. S, 1.50%, 04/27/2038 |
|
EUR |
440 |
|
|
|
414 |
|
| Reg. S, 1.50%, 06/15/2039 |
|
EUR |
160 |
|
|
|
147 |
|
| Reg. S, 2.50%, 09/13/2027 |
|
EUR |
200 |
|
|
|
224 |
|
| Reg. S, 2.63%, 01/10/2034 |
|
EUR |
200 |
|
|
|
222 |
|
| Reg. S, 2.75%, 12/17/2029 |
|
EUR |
1,000 |
|
|
|
1,132 |
|
| 5.20%, 03/31/2025 |
|
CAD |
1,000 |
|
|
|
744 |
|
| Netherlands Government Bond, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 01/15/2027 (e) |
|
EUR |
3,000 |
|
|
|
3,188 |
|
| Reg. S, 0.00%, 01/15/2029 (e) |
|
EUR |
1,980 |
|
|
|
2,015 |
|
| Reg. S, 0.00%, 07/15/2030 (e) |
|
EUR |
1,014 |
|
|
|
996 |
|
| Reg. S, 0.00%, 07/15/2031 (e) |
|
EUR |
2,477 |
|
|
|
2,372 |
|
| Reg. S, 0.00%, 01/15/2038 (e) |
|
EUR |
1,332 |
|
|
|
1,050 |
|
| Reg. S, 0.00%, 01/15/2052 (e) |
|
EUR |
2,924 |
|
|
|
1,611 |
|
| Reg. S, 0.25%, 07/15/2029 (e) |
|
EUR |
5,649 |
|
|
|
5,757 |
|
| Reg. S, 0.50%, 07/15/2026 (e) |
|
EUR |
5,210 |
|
|
|
5,639 |
|
| Reg. S, 0.50%, 07/15/2032 (e) |
|
EUR |
2,160 |
|
|
|
2,099 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 01/15/2040 (e) |
|
EUR |
4,920 |
|
|
|
4,015 |
|
| Reg. S, 0.75%, 07/15/2027 (e) |
|
EUR |
3,413 |
|
|
|
3,666 |
|
| Reg. S, 0.75%, 07/15/2028 (e) |
|
EUR |
2,880 |
|
|
|
3,051 |
|
| Reg. S, 2.00%, 01/15/2054 (e) |
|
EUR |
3,335 |
|
|
|
3,206 |
|
| Reg. S, 2.50%, 01/15/2030 (e) |
|
EUR |
600 |
|
|
|
679 |
|
| Reg. S, 2.50%, 01/15/2033 (e) |
|
EUR |
2,288 |
|
|
|
2,580 |
|
| Reg. S, 2.50%, 07/15/2033 (e) |
|
EUR |
2,259 |
|
|
|
2,541 |
|
| Reg. S, 2.50%, 07/15/2034 (e) |
|
EUR |
3,750 |
|
|
|
4,202 |
|
| Reg. S, 2.75%, 01/15/2047 (e) |
|
EUR |
3,197 |
|
|
|
3,601 |
|
| Reg. S, 3.25%, 01/15/2044 (e) |
|
EUR |
1,900 |
|
|
|
2,293 |
|
| Reg. S, 3.75%, 01/15/2042 (e) |
|
EUR |
2,212 |
|
|
|
2,825 |
|
| Reg. S, 4.00%, 01/15/2037 (e) |
|
EUR |
974 |
|
|
|
1,246 |
|
| Reg. S, 5.50%, 01/15/2028 (e) |
|
EUR |
1,366 |
|
|
|
1,684 |
|
| New South Wales Treasury Corp., (Australia), |
|
|
|
|
|
|
|
|
| 1.25%, 11/20/2030 |
|
AUD |
880 |
|
|
|
512 |
|
| Reg. S, 1.75%, 03/20/2034 |
|
AUD |
1,040 |
|
|
|
556 |
|
| Reg. S, 2.00%, 03/20/2031 |
|
AUD |
1,310 |
|
|
|
789 |
|
| Reg. S, 2.00%, 03/08/2033 |
|
AUD |
2,100 |
|
|
|
1,190 |
|
| 2.25%, 05/07/2041 |
|
AUD |
400 |
|
|
|
186 |
|
| Reg. S, 2.50%, 11/22/2032 |
|
AUD |
50 |
|
|
|
30 |
|
| Reg. S, 3.00%, 03/20/2028 |
|
AUD |
1,700 |
|
|
|
1,143 |
|
| Reg. S, 3.00%, 02/20/2030 |
|
AUD |
3,960 |
|
|
|
2,591 |
|
| Reg. S, 4.25%, 02/20/2036 |
|
AUD |
1,560 |
|
|
|
1,015 |
|
| Reg. S, 4.75%, 02/20/2035 |
|
AUD |
1,820 |
|
|
|
1,252 |
|
| Reg. S, 4.75%, 02/20/2037 |
|
AUD |
400 |
|
|
|
270 |
|
| Series 27, Reg. S, 3.00%, 05/20/2027 |
|
AUD |
1,970 |
|
|
|
1,335 |
|
| New Zealand Government Bond, (New Zealand), |
|
|
|
|
|
|
|
|
| Series 427, Reg. S, 4.50%, 04/15/2027 |
|
NZD |
2,740 |
|
|
|
1,776 |
|
| Series 429, 3.00%, 04/20/2029 |
|
NZD |
1,630 |
|
|
|
1,002 |
|
| Series 433, Reg. S, 3.50%, 04/14/2033 |
|
NZD |
40 |
|
|
|
24 |
|
| Series 528, 0.25%, 05/15/2028 |
|
NZD |
880 |
|
|
|
494 |
|
| Series 530, 4.50%, 05/15/2030 |
|
NZD |
1,260 |
|
|
|
824 |
|
| Series 531, 1.50%, 05/15/2031 |
|
NZD |
2,250 |
|
|
|
1,222 |
|
| Series 532, 2.00%, 05/15/2032 |
|
NZD |
2,420 |
|
|
|
1,326 |
|
| Series 534, 4.25%, 05/15/2034 |
|
NZD |
50 |
|
|
|
32 |
|
| Series 535, 4.50%, 05/15/2035 |
|
NZD |
1,590 |
|
|
|
1,023 |
|
| Series 541, 1.75%, 05/15/2041 |
|
NZD |
1,380 |
|
|
|
577 |
|
| Series 551, 2.75%, 05/15/2051 |
|
NZD |
760 |
|
|
|
333 |
|
| Series 554, 5.00%, 05/15/2054 |
|
NZD |
430 |
|
|
|
279 |
|
| New Zealand Local Government Funding Agency Bond, (New Zealand), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 04/20/2029 |
|
NZD |
2,000 |
|
|
|
1,132 |
|
| Reg. S, 2.00%, 04/15/2037 |
|
NZD |
250 |
|
|
|
114 |
|
| 3.50%, 04/14/2033 |
|
NZD |
1,800 |
|
|
|
1,044 |
|
| Niedersachsen Invest GmbH, (Germany), Reg. S, 0.25%, 07/16/2035 |
|
EUR |
400 |
|
|
|
348 |
|
| Northern Territory Treasury Corp., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 04/21/2031 |
|
AUD |
300 |
|
|
|
178 |
|
| Reg. S, 5.25%, 03/21/2034 |
|
AUD |
800 |
|
|
|
563 |
|
| Norway Government Bond, (Norway), |
|
|
|
|
|
|
|
|
| Series 478, Reg. S, 1.50%, 02/19/2026 (e) |
|
NOK |
4,500 |
|
|
|
414 |
|
| Series 479, Reg. S, 1.75%, 02/17/2027 (e) |
|
NOK |
17,520 |
|
|
|
1,600 |
|
| Series 480, Reg. S, 2.00%, 04/26/2028 (e) |
|
NOK |
16,060 |
|
|
|
1,457 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series 481, Reg. S, 1.75%, 09/06/2029 (e) |
|
NOK |
3,040 |
|
|
|
269 |
|
| Series 482, Reg. S, 1.38%, 08/19/2030 (e) |
|
NOK |
7,050 |
|
|
|
602 |
|
| Series 483, Reg. S, 1.25%, 09/17/2031 (e) |
|
NOK |
18,344 |
|
|
|
1,524 |
|
| Series 484, Reg. S, 2.13%, 05/18/2032 (e) |
|
NOK |
5,867 |
|
|
|
513 |
|
| Series 485, Reg. S, 3.50%, 10/06/2042 (e) |
|
NOK |
3,780 |
|
|
|
366 |
|
| Series 486, Reg. S, 3.00%, 08/15/2033 (e) |
|
NOK |
6,100 |
|
|
|
565 |
|
| Series 487, Reg. S, 3.63%, 04/13/2034 (e) |
|
NOK |
12,280 |
|
|
|
1,190 |
|
| OMERS Finance Trust, (Canada), |
|
|
|
|
|
|
|
|
| 0.45%, 05/13/2025 (e) |
|
EUR |
250 |
|
|
|
274 |
|
| Reg. S, 0.45%, 05/13/2025 |
|
EUR |
3,200 |
|
|
|
3,506 |
|
| Reg. S, 2.60%, 05/14/2029 |
|
CAD |
500 |
|
|
|
361 |
|
| Reg. S, 3.13%, 01/25/2029 |
|
EUR |
500 |
|
|
|
568 |
|
| Ontario Electricity Financial Corp., (Canada), Series 40, Zero Coupon, 04/11/2031 |
|
CAD |
1,500 |
|
|
|
886 |
|
| Ontario Teachers’ Finance Trust, (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.10%, 05/19/2028 |
|
EUR |
100 |
|
|
|
102 |
|
| Reg. S, 0.50%, 05/06/2025 |
|
EUR |
1,700 |
|
|
|
1,864 |
|
| Reg. S, 0.90%, 05/20/2041 |
|
EUR |
1,650 |
|
|
|
1,293 |
|
| Reg. S, 3.30%, 10/05/2029 |
|
EUR |
800 |
|
|
|
918 |
|
| Panama Government International Bond, (Panama), 6.70%, 01/26/2036 |
|
|
100 |
|
|
|
104 |
|
| Perusahaan Penerbit SBSN Indonesia, (Indonesia), 6.88%, 03/15/2036 |
|
IDR |
5,968,000 |
|
|
|
408 |
|
| Peruvian Government International Bond, (Peru), |
|
|
|
|
|
|
|
|
| 1.25%, 03/11/2033 |
|
EUR |
2,000 |
|
|
|
1,806 |
|
| Reg. S, 1.95%, 11/17/2036 |
|
EUR |
1,000 |
|
|
|
883 |
|
| Reg. S, 2.75%, 01/30/2026 |
|
EUR |
825 |
|
|
|
911 |
|
| 2.78%, 01/23/2031 |
|
|
110 |
|
|
|
98 |
|
| 3.00%, 01/15/2034 |
|
|
60 |
|
|
|
51 |
|
| 3.23%, 07/28/2121 |
|
|
5 |
|
|
|
3 |
|
| 3.55%, 03/10/2051 |
|
|
5 |
|
|
|
4 |
|
| Reg. S, 6.90%, 08/12/2037 |
|
PEN |
1,000 |
|
|
|
278 |
|
| Philippine Government International Bond, (Philippines), 1.75%, 04/28/2041 |
|
EUR |
1,000 |
|
|
|
813 |
|
| Portugal Obrigacoes do Tesouro OT, (Portugal), |
|
|
|
|
|
|
|
|
| Reg. S, 0.30%, 10/17/2031 (e) |
|
EUR |
1,542 |
|
|
|
1,489 |
|
| Reg. S, 0.48%, 10/18/2030 (e) |
|
EUR |
1,782 |
|
|
|
1,786 |
|
| Reg. S, 0.70%, 10/15/2027 (e) |
|
EUR |
2,825 |
|
|
|
3,020 |
|
| Reg. S, 0.90%, 10/12/2035 (e) |
|
EUR |
1,461 |
|
|
|
1,336 |
|
| Reg. S, 1.00%, 04/12/2052 (e) |
|
EUR |
1,040 |
|
|
|
674 |
|
| Reg. S, 1.15%, 04/11/2042 (e) |
|
EUR |
395 |
|
|
|
321 |
|
| Reg. S, 1.65%, 07/16/2032 (e) |
|
EUR |
1,210 |
|
|
|
1,269 |
|
| Reg. S, 1.95%, 06/15/2029 (e) |
|
EUR |
2,553 |
|
|
|
2,812 |
|
| Reg. S, 2.13%, 10/17/2028 (e) |
|
EUR |
2,137 |
|
|
|
2,382 |
|
| Reg. S, 2.88%, 10/15/2025 (e) |
|
EUR |
1,500 |
|
|
|
1,677 |
|
| Reg. S, 2.88%, 07/21/2026 (e) |
|
EUR |
1,710 |
|
|
|
1,928 |
|
| Reg. S, 3.50%, 06/18/2038 (e) |
|
EUR |
1,400 |
|
|
|
1,641 |
|
| Reg. S, 3.88%, 02/15/2030 (e) |
|
EUR |
1,020 |
|
|
|
1,228 |
|
| Reg. S, 4.10%, 04/15/2037 (e) |
|
EUR |
837 |
|
|
|
1,046 |
|
| Reg. S, 4.10%, 02/15/2045 (e) |
|
EUR |
1,660 |
|
|
|
2,066 |
|
| Reg. S, 4.13%, 04/14/2027 (e) |
|
EUR |
1,480 |
|
|
|
1,732 |
|
| Series 11Y, Reg. S, 2.88%, 10/20/2034 (e) |
|
EUR |
1,120 |
|
|
|
1,265 |
|
| Series 15Y, Reg. S, 2.25%, 04/18/2034 (e) |
|
EUR |
1,576 |
|
|
|
1,698 |
|
| Series 30Y, Reg. S, 3.63%, 06/12/2054 (e) |
|
EUR |
420 |
|
|
|
480 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Province of Alberta Canada, (Canada), Reg. S, 1.40%, 02/20/2029 |
|
SEK |
2,000 |
|
|
|
185 |
|
| Province of British Columbia Canada, (Canada), |
|
|
|
|
|
|
|
|
| 2.80%, 06/18/2048 |
|
CAD |
400 |
|
|
|
236 |
|
| 7.25%, 09/01/2036 |
|
|
300 |
|
|
|
377 |
|
| Province of Manitoba Canada, (Canada), 2.05%, 09/05/2052 |
|
CAD |
100 |
|
|
|
48 |
|
| Province of Nova Scotia Canada, (Canada), |
|
|
|
|
|
|
|
|
| 3.15%, 12/01/2051 |
|
CAD |
100 |
|
|
|
62 |
|
| 3.45%, 06/01/2045 |
|
CAD |
200 |
|
|
|
132 |
|
| Province of Ontario Canada, (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 11/25/2030 |
|
EUR |
3,000 |
|
|
|
2,848 |
|
| Reg. S, 0.25%, 12/15/2026 |
|
GBP |
1,900 |
|
|
|
2,329 |
|
| Reg. S, 0.25%, 06/09/2031 |
|
EUR |
3,000 |
|
|
|
2,849 |
|
| Reg. S, 0.38%, 04/08/2027 |
|
EUR |
1,500 |
|
|
|
1,587 |
|
| 5.60%, 06/02/2035 |
|
CAD |
300 |
|
|
|
258 |
|
| Province of Quebec Canada, (Canada), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/15/2029 |
|
EUR |
1,000 |
|
|
|
982 |
|
| Reg. S, 0.50%, 01/25/2032 |
|
EUR |
3,000 |
|
|
|
2,860 |
|
| Reg. S, 0.88%, 05/04/2027 |
|
EUR |
3,500 |
|
|
|
3,747 |
|
| Reg. S, 0.88%, 07/05/2028 |
|
EUR |
1,025 |
|
|
|
1,077 |
|
| 3.50%, 12/01/2045 |
|
CAD |
200 |
|
|
|
135 |
|
| 4.50%, 09/08/2033 |
|
|
610 |
|
|
|
626 |
|
| Series PD, 7.50%, 09/15/2029 |
|
|
100 |
|
|
|
116 |
|
| Province of Saskatchewan Canada, (Canada), 3.30%, 06/02/2048 |
|
CAD |
400 |
|
|
|
258 |
|
| PSP Capital, Inc., (Canada), 3.25%, 07/02/2034 (e) |
|
EUR |
2,600 |
|
|
|
2,970 |
|
| Queensland Treasury Corp., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 08/21/2031 (e) |
|
AUD |
2,170 |
|
|
|
1,269 |
|
| Reg. S, 1.75%, 07/20/2034 (e) |
|
AUD |
1,660 |
|
|
|
878 |
|
| Reg. S, 2.00%, 08/22/2033 (e) |
|
AUD |
70 |
|
|
|
39 |
|
| Reg. S, 2.50%, 03/06/2029 (e) |
|
AUD |
570 |
|
|
|
371 |
|
| Reg. S, 3.25%, 08/21/2029 (e) |
|
AUD |
970 |
|
|
|
647 |
|
| Reg. S, 3.50%, 08/21/2030 (e) |
|
AUD |
1,000 |
|
|
|
667 |
|
| Reg. S, 4.50%, 03/09/2033 (e) |
|
AUD |
1,680 |
|
|
|
1,157 |
|
| Reg. S, 4.75%, 02/02/2034 (e) |
|
AUD |
770 |
|
|
|
536 |
|
| Reg. S, 5.25%, 07/21/2036 (e) |
|
AUD |
1,040 |
|
|
|
737 |
|
| Series 26, Reg. S, 3.25%, 07/21/2026 (e) |
|
AUD |
2,090 |
|
|
|
1,429 |
|
| Series 27, Reg. S, 2.75%, 08/20/2027 (e) |
|
AUD |
400 |
|
|
|
268 |
|
| Regiao Autonoma Madeira, (Portugal), 0.94%, 05/29/2032 |
|
EUR |
1,200 |
|
|
|
1,166 |
|
| Regie Autonome des Transports Parisiens EPIC, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.35%, 06/20/2029 |
|
EUR |
500 |
|
|
|
499 |
|
| Reg. S, 0.40%, 12/19/2036 |
|
EUR |
960 |
|
|
|
888 |
|
| Reg. S, 0.88%, 05/25/2027 |
|
EUR |
100 |
|
|
|
106 |
|
| Reg. S, 1.88%, 05/25/2032 |
|
EUR |
100 |
|
|
|
103 |
|
| Reg. S, 3.25%, 04/11/2033 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 3.25%, 05/25/2034 |
|
EUR |
200 |
|
|
|
225 |
|
| Region of Ile de France, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 04/20/2028 |
|
EUR |
200 |
|
|
|
203 |
|
| Reg. S, 0.63%, 04/23/2027 |
|
EUR |
200 |
|
|
|
211 |
|
| Reg. S, 2.23%, 07/19/2032 |
|
EUR |
200 |
|
|
|
210 |
|
| Region of Lazio Italy, (Italy), Reg. S, 3.09%, 03/31/2043 |
|
EUR |
160 |
|
|
|
165 |
|
| Region Wallonne Belgium, (Belgium), |
|
|
|
|
|
|
|
|
| Reg. S, 0.25%, 05/03/2026 |
|
EUR |
300 |
|
|
|
321 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.38%, 10/22/2031 |
|
EUR |
100 |
|
|
|
94 |
|
| Reg. S, 0.50%, 06/22/2037 |
|
EUR |
100 |
|
|
|
79 |
|
| Reg. S, 1.05%, 06/22/2040 |
|
EUR |
100 |
|
|
|
78 |
|
| Reg. S, 1.25%, 05/03/2034 |
|
EUR |
200 |
|
|
|
189 |
|
| Reg. S, 1.38%, 04/06/2032 |
|
EUR |
200 |
|
|
|
199 |
|
| Reg. S, 2.88%, 01/14/2038 |
|
EUR |
300 |
|
|
|
315 |
|
| Reg. S, 3.00%, 12/06/2030 |
|
EUR |
1,500 |
|
|
|
1,688 |
|
| Reg. S, 3.25%, 06/22/2033 |
|
EUR |
400 |
|
|
|
453 |
|
| Reg. S, 3.50%, 03/15/2043 |
|
EUR |
100 |
|
|
|
110 |
|
| Reg. S, 3.75%, 04/22/2039 |
|
EUR |
400 |
|
|
|
461 |
|
| Reg. S, 3.90%, 06/22/2054 |
|
EUR |
100 |
|
|
|
113 |
|
| Republic of Austria Government Bond, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 10/20/2028 (e) |
|
EUR |
990 |
|
|
|
1,008 |
|
| Reg. S, 0.00%, 02/20/2030 (e) |
|
EUR |
1,768 |
|
|
|
1,737 |
|
| Reg. S, 0.00%, 02/20/2031 (e) |
|
EUR |
3,244 |
|
|
|
3,096 |
|
| Reg. S, 0.00%, 10/20/2040 (e) |
|
EUR |
1,410 |
|
|
|
986 |
|
| Reg. S, 0.25%, 10/20/2036 (e) |
|
EUR |
1,450 |
|
|
|
1,195 |
|
| Reg. S, 0.50%, 04/20/2027 (e) |
|
EUR |
2,700 |
|
|
|
2,884 |
|
| Reg. S, 0.50%, 02/20/2029 (e) |
|
EUR |
1,219 |
|
|
|
1,259 |
|
| Reg. S, 0.70%, 04/20/2071 (e) |
|
EUR |
1,951 |
|
|
|
1,015 |
|
| Reg. S, 0.75%, 10/20/2026 (e) |
|
EUR |
3,950 |
|
|
|
4,275 |
|
| Reg. S, 0.75%, 02/20/2028 (e) |
|
EUR |
2,740 |
|
|
|
2,908 |
|
| Reg. S, 0.75%, 03/20/2051 (e) |
|
EUR |
1,892 |
|
|
|
1,256 |
|
| Reg. S, 0.85%, 06/30/2120 (e) |
|
EUR |
1,010 |
|
|
|
523 |
|
| Reg. S, 0.90%, 02/20/2032 (e) |
|
EUR |
2,990 |
|
|
|
2,972 |
|
| Reg. S, 1.20%, 10/20/2025 (e) |
|
EUR |
1,760 |
|
|
|
1,933 |
|
| Reg. S, 1.50%, 02/20/2047 (e) |
|
EUR |
895 |
|
|
|
753 |
|
| Reg. S, 1.50%, 11/02/2086 (e) |
|
EUR |
190 |
|
|
|
131 |
|
| Reg. S, 1.85%, 05/23/2049 (e) |
|
EUR |
1,530 |
|
|
|
1,363 |
|
| Reg. S, 2.00%, 07/15/2026 (e) |
|
EUR |
1,900 |
|
|
|
2,108 |
|
| Reg. S, 2.10%, 09/20/2117 (e) |
|
EUR |
756 |
|
|
|
661 |
|
| Reg. S, 2.40%, 05/23/2034 (e) |
|
EUR |
2,173 |
|
|
|
2,370 |
|
| Reg. S, 2.90%, 05/23/2029 (e) |
|
EUR |
3,770 |
|
|
|
4,314 |
|
| Reg. S, 2.90%, 02/20/2033 (e) |
|
EUR |
1,660 |
|
|
|
1,891 |
|
| Reg. S, 2.90%, 02/20/2034 (e) |
|
EUR |
2,450 |
|
|
|
2,786 |
|
| Reg. S, 3.15%, 06/20/2044 (e) |
|
EUR |
1,648 |
|
|
|
1,874 |
|
| Reg. S, 3.15%, 10/20/2053 (e) |
|
EUR |
1,510 |
|
|
|
1,709 |
|
| Reg. S, 3.20%, 07/15/2039 (e) |
|
EUR |
660 |
|
|
|
759 |
|
| Reg. S, 3.45%, 10/20/2030 (e) |
|
EUR |
620 |
|
|
|
730 |
|
| Reg. S, 3.80%, 01/26/2062 (e) |
|
EUR |
540 |
|
|
|
703 |
|
| Reg. S, 4.15%, 03/15/2037 (e) |
|
EUR |
1,445 |
|
|
|
1,830 |
|
| Reg. S, 4.85%, 03/15/2026 (e) |
|
EUR |
461 |
|
|
|
532 |
|
| Reg. S, 6.25%, 07/15/2027 |
|
EUR |
783 |
|
|
|
967 |
|
| Republic of Austria Government International Bond, (Austria), Reg. S, 5.38%, 12/01/2034 (e) |
|
CAD |
200 |
|
|
|
167 |
|
| Republic of Italy Government International Bond, (Italy), |
|
|
|
|
|
|
|
|
| 1.25%, 02/17/2026 |
|
|
2,000 |
|
|
|
1,919 |
|
| 2.88%, 10/17/2029 |
|
|
200 |
|
|
|
185 |
|
| Reg. S, (ICE EURIBOR Swap Rate 30 Year + 0.00%), 4.25%, 06/28/2029 (aa) |
|
EUR |
1,000 |
|
|
|
1,170 |
|
| 5.20%, 07/31/2034 |
|
EUR |
200 |
|
|
|
250 |
|
| Reg. S, 6.00%, 08/04/2028 |
|
GBP |
1,050 |
|
|
|
1,450 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Republic of Poland Government Bond, (Poland), |
|
|
|
|
|
|
|
|
| Series 426, Zero Coupon, 04/25/2026 |
|
PLN |
7,200 |
|
|
|
1,747 |
|
| Series 428, 2.75%, 04/25/2028 |
|
PLN |
6,310 |
|
|
|
1,534 |
|
| Series 429, 5.75%, 04/25/2029 |
|
PLN |
4,630 |
|
|
|
1,244 |
|
| Series 432, 1.75%, 04/25/2032 |
|
PLN |
11,723 |
|
|
|
2,419 |
|
| Series 447, 4.00%, 04/25/2047 |
|
PLN |
1,523 |
|
|
|
318 |
|
| Series 527, 3.75%, 05/25/2027 |
|
PLN |
10,290 |
|
|
|
2,607 |
|
| Series 725, 3.25%, 07/25/2025 |
|
PLN |
4,160 |
|
|
|
1,074 |
|
| Series 726, 2.50%, 07/25/2026 |
|
PLN |
4,870 |
|
|
|
1,218 |
|
| Series 727, 2.50%, 07/25/2027 |
|
PLN |
8,450 |
|
|
|
2,069 |
|
| Series 728, 7.50%, 07/25/2028 |
|
PLN |
6,150 |
|
|
|
1,746 |
|
| Series 729, 4.75%, 07/25/2029 |
|
PLN |
12,430 |
|
|
|
3,202 |
|
| Series 1026, 0.25%, 10/25/2026 |
|
PLN |
6,040 |
|
|
|
1,434 |
|
| Series 1029, 2.75%, 10/25/2029 |
|
PLN |
3,773 |
|
|
|
888 |
|
| Series 1030, 1.25%, 10/25/2030 |
|
PLN |
5,923 |
|
|
|
1,247 |
|
| Series 1033, 6.00%, 10/25/2033 |
|
PLN |
6,530 |
|
|
|
1,794 |
|
| Series 1034, 5.00%, 10/25/2034 |
|
PLN |
2,140 |
|
|
|
545 |
|
| Republic of Poland Government International Bond, (Poland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 02/10/2025 |
|
EUR |
160 |
|
|
|
176 |
|
| Reg. S, 0.88%, 05/10/2027 |
|
EUR |
1,900 |
|
|
|
2,030 |
|
| Reg. S, 1.13%, 08/07/2026 |
|
EUR |
1,825 |
|
|
|
1,979 |
|
| Reg. S, 1.38%, 10/22/2027 |
|
EUR |
6,000 |
|
|
|
6,465 |
|
| Reg. S, 2.00%, 03/08/2049 |
|
EUR |
53 |
|
|
|
43 |
|
| Reg. S, 2.38%, 01/18/2036 |
|
EUR |
1,000 |
|
|
|
1,003 |
|
| Reg. S, 2.75%, 05/25/2032 |
|
EUR |
3,000 |
|
|
|
3,258 |
|
| Romania Government Bond, (Romania), |
|
|
|
|
|
|
|
|
| Series 5Y, 3.25%, 06/24/2026 |
|
RON |
11,015 |
|
|
|
2,354 |
|
| Series 5Y, 3.65%, 07/28/2025 |
|
RON |
7,370 |
|
|
|
1,619 |
|
| Series 5Y, 4.25%, 04/28/2036 |
|
RON |
1,215 |
|
|
|
220 |
|
| Series 6Y, 8.75%, 10/30/2028 |
|
RON |
5,850 |
|
|
|
1,418 |
|
| Series 7Y, 2.50%, 10/25/2027 |
|
RON |
6,350 |
|
|
|
1,277 |
|
| Series 8Y, 4.15%, 01/26/2028 |
|
RON |
1,930 |
|
|
|
404 |
|
| Series 8Y, 7.35%, 04/28/2031 |
|
RON |
2,000 |
|
|
|
465 |
|
| Series 10YR, 4.15%, 10/24/2030 |
|
RON |
6,005 |
|
|
|
1,184 |
|
| Series 10Y, 6.70%, 02/25/2032 |
|
RON |
3,130 |
|
|
|
703 |
|
| Series 10Y, 8.25%, 09/29/2032 |
|
RON |
5,080 |
|
|
|
1,246 |
|
| Series 11Y, 7.10%, 07/31/2034 |
|
RON |
6,060 |
|
|
|
1,395 |
|
| Series 15Y, 7.90%, 02/24/2038 |
|
RON |
1,650 |
|
|
|
410 |
|
| Romanian Government International Bond, (Romania), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 12/02/2029 |
|
EUR |
2,000 |
|
|
|
1,925 |
|
| Reg. S, 1.75%, 07/13/2030 |
|
EUR |
1,000 |
|
|
|
950 |
|
| Reg. S, 2.00%, 04/14/2033 |
|
EUR |
1,500 |
|
|
|
1,298 |
|
| Reg. S, 2.12%, 07/16/2031 |
|
EUR |
3,000 |
|
|
|
2,794 |
|
| Reg. S, 2.63%, 12/02/2040 |
|
EUR |
1,000 |
|
|
|
745 |
|
| Reg. S, 2.75%, 02/26/2026 |
|
EUR |
15 |
|
|
|
16 |
|
| Reg. S, 2.75%, 04/14/2041 |
|
EUR |
800 |
|
|
|
601 |
|
| Reg. S, 2.88%, 10/28/2024 |
|
EUR |
1,475 |
|
|
|
1,640 |
|
| Reg. S, 2.88%, 04/13/2042 |
|
EUR |
1,000 |
|
|
|
751 |
|
| Reg. S, 3.38%, 02/08/2038 |
|
EUR |
1,425 |
|
|
|
1,247 |
|
| Reg. S, 3.38%, 01/28/2050 |
|
EUR |
1,265 |
|
|
|
956 |
|
| Reg. S, 3.62%, 05/26/2030 |
|
EUR |
1,875 |
|
|
|
1,995 |
|
| Reg. S, 3.75%, 02/07/2034 |
|
EUR |
1,000 |
|
|
|
985 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 10/29/2035 |
|
EUR |
5,000 |
|
|
|
4,800 |
|
| Reg. S, 4.63%, 04/03/2049 |
|
EUR |
2,000 |
|
|
|
1,872 |
|
| Reg. S, 5.00%, 09/27/2026 |
|
EUR |
1,000 |
|
|
|
1,143 |
|
| Reg. S, 6.63%, 09/27/2029 |
|
EUR |
2,000 |
|
|
|
2,440 |
|
| Saudi Government International Bond, (Saudi Arabia), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 07/09/2039 |
|
EUR |
1,200 |
|
|
|
1,045 |
|
| 5.75%, 01/16/2054 (e) |
|
|
2,645 |
|
|
|
2,695 |
|
| SFIL SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 06/04/2029 |
|
EUR |
1,800 |
|
|
|
1,770 |
|
| Reg. S, 1.50%, 03/05/2032 |
|
EUR |
300 |
|
|
|
302 |
|
| Reg. S, 2.88%, 01/18/2028 |
|
EUR |
1,000 |
|
|
|
1,121 |
|
| Reg. S, 2.88%, 01/22/2031 |
|
EUR |
200 |
|
|
|
223 |
|
| Reg. S, 3.25%, 11/25/2030 |
|
EUR |
200 |
|
|
|
228 |
|
| Reg. S, 3.25%, 10/05/2032 |
|
EUR |
200 |
|
|
|
227 |
|
| Singapore Government Bond, (Singapore), |
|
|
|
|
|
|
|
|
| 1.63%, 07/01/2031 |
|
SGD |
1,010 |
|
|
|
740 |
|
| 1.88%, 03/01/2050 |
|
SGD |
1,083 |
|
|
|
720 |
|
| 1.88%, 10/01/2051 |
|
SGD |
1,000 |
|
|
|
661 |
|
| 2.13%, 06/01/2026 |
|
SGD |
2,134 |
|
|
|
1,652 |
|
| 2.38%, 07/01/2039 |
|
SGD |
1,490 |
|
|
|
1,116 |
|
| 2.63%, 08/01/2032 |
|
SGD |
1,400 |
|
|
|
1,090 |
|
| 2.75%, 04/01/2042 |
|
SGD |
30 |
|
|
|
23 |
|
| 2.75%, 03/01/2046 |
|
SGD |
1,130 |
|
|
|
891 |
|
| 2.88%, 09/01/2027 |
|
SGD |
1,230 |
|
|
|
969 |
|
| 2.88%, 08/01/2028 |
|
SGD |
2,240 |
|
|
|
1,770 |
|
| 2.88%, 07/01/2029 |
|
SGD |
150 |
|
|
|
119 |
|
| 2.88%, 09/01/2030 |
|
SGD |
2,215 |
|
|
|
1,756 |
|
| 3.00%, 04/01/2029 |
|
SGD |
1,720 |
|
|
|
1,369 |
|
| Reg. S, 3.00%, 08/01/2072 |
|
SGD |
740 |
|
|
|
634 |
|
| Reg. S, 3.25%, 06/01/2054 |
|
SGD |
260 |
|
|
|
228 |
|
| 3.38%, 09/01/2033 |
|
SGD |
340 |
|
|
|
280 |
|
| 3.38%, 05/01/2034 |
|
SGD |
1,650 |
|
|
|
1,365 |
|
| Slovakia Government Bond, (Slovakia), |
|
|
|
|
|
|
|
|
| Series 227, Reg. S, 3.63%, 01/16/2029 |
|
EUR |
470 |
|
|
|
546 |
|
| Series 229, Reg. S, 1.63%, 01/21/2031 |
|
EUR |
1,200 |
|
|
|
1,238 |
|
| Series 231, 0.63%, 05/22/2026 |
|
EUR |
860 |
|
|
|
928 |
|
| Series 232, Reg. S, 1.88%, 03/09/2037 |
|
EUR |
160 |
|
|
|
147 |
|
| Series 233, Reg. S, 2.00%, 10/17/2047 |
|
EUR |
460 |
|
|
|
374 |
|
| Series 234, Reg. S, 1.00%, 06/12/2028 |
|
EUR |
700 |
|
|
|
737 |
|
| Series 235, Reg. S, 2.25%, 06/12/2068 |
|
EUR |
399 |
|
|
|
312 |
|
| Series 236, Reg. S, 0.75%, 04/09/2030 |
|
EUR |
420 |
|
|
|
421 |
|
| Series 239, Reg. S, 1.00%, 05/14/2032 |
|
EUR |
718 |
|
|
|
694 |
|
| Series 241, Reg. S, 0.13%, 06/17/2027 |
|
EUR |
1,362 |
|
|
|
1,422 |
|
| Series 242, Reg. S, 0.38%, 04/21/2036 |
|
EUR |
379 |
|
|
|
295 |
|
| Series 243, Reg. S, 1.00%, 10/13/2051 |
|
EUR |
280 |
|
|
|
173 |
|
| Series 244, Reg. S, 4.00%, 10/19/2032 |
|
EUR |
80 |
|
|
|
94 |
|
| Series 245, Reg. S, 3.75%, 02/23/2035 |
|
EUR |
1,140 |
|
|
|
1,301 |
|
| Series 246, Reg. S, 4.00%, 02/23/2043 |
|
EUR |
160 |
|
|
|
184 |
|
| Series 247, Reg. S, 3.63%, 06/08/2033 |
|
EUR |
375 |
|
|
|
431 |
|
| Series 250, Reg. S, 3.75%, 03/06/2034 |
|
EUR |
1,360 |
|
|
|
1,565 |
|
| Slovenia Government Bond, (Slovenia), |
|
|
|
|
|
|
|
|
| Series RS70, Reg. S, 5.13%, 03/30/2026 |
|
EUR |
470 |
|
|
|
544 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Series RS74, Reg. S, 1.50%, 03/25/2035 |
|
EUR |
120 |
|
|
|
116 |
|
| Series RS76, Reg. S, 3.13%, 08/07/2045 |
|
EUR |
290 |
|
|
|
312 |
|
| Series RS77, Reg. S, 2.25%, 03/03/2032 |
|
EUR |
130 |
|
|
|
140 |
|
| Series RS78, Reg. S, 1.75%, 11/03/2040 |
|
EUR |
612 |
|
|
|
557 |
|
| Series RS80, Reg. S, 1.00%, 03/06/2028 |
|
EUR |
500 |
|
|
|
535 |
|
| Series RS81, Reg. S, 1.19%, 03/14/2029 |
|
EUR |
420 |
|
|
|
446 |
|
| Series RS82, Reg. S, 0.28%, 01/14/2030 |
|
EUR |
586 |
|
|
|
585 |
|
| Series RS84, Reg. S, 0.88%, 07/15/2030 |
|
EUR |
190 |
|
|
|
194 |
|
| Series RS85, Reg. S, 0.49%, 10/20/2050 |
|
EUR |
450 |
|
|
|
257 |
|
| Series RS86, Reg. S, 0.00%, 02/12/2031 |
|
EUR |
800 |
|
|
|
758 |
|
| Series RS87, Reg. S, 0.69%, 03/03/2081 |
|
EUR |
121 |
|
|
|
58 |
|
| Series RS91, Reg. S, 3.63%, 03/11/2033 |
|
EUR |
760 |
|
|
|
900 |
|
| Series RS93, Reg. S, 3.00%, 03/10/2034 |
|
EUR |
690 |
|
|
|
773 |
|
| Slovenia Government International Bond, (Slovenia), Reg. S, 5.00%, 09/19/2033 |
|
|
1,000 |
|
|
|
1,043 |
|
| SNCF Reseau, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.88%, 01/22/2029 |
|
EUR |
200 |
|
|
|
206 |
|
| Reg. S, 1.00%, 11/09/2031 |
|
EUR |
300 |
|
|
|
293 |
|
| Reg. S, 1.13%, 05/19/2027 |
|
EUR |
500 |
|
|
|
536 |
|
| Reg. S, 1.13%, 05/25/2030 |
|
EUR |
500 |
|
|
|
508 |
|
| Reg. S, 1.50%, 05/29/2037 |
|
EUR |
300 |
|
|
|
269 |
|
| Reg. S, 2.00%, 11/12/2026 |
|
CHF |
300 |
|
|
|
363 |
|
| Reg. S, 2.00%, 02/05/2048 |
|
EUR |
100 |
|
|
|
80 |
|
| Reg. S, 2.25%, 12/20/2047 |
|
EUR |
100 |
|
|
|
85 |
|
| Reg. S, 3.13%, 10/25/2028 |
|
EUR |
1,000 |
|
|
|
1,130 |
|
| 4.70%, 06/01/2035 |
|
CAD |
100 |
|
|
|
79 |
|
| Reg. S, 4.83%, 03/25/2060 |
|
GBP |
2,000 |
|
|
|
2,512 |
|
| Reg. S, 5.00%, 10/10/2033 |
|
EUR |
200 |
|
|
|
255 |
|
| Reg. S, 5.00%, 03/11/2052 |
|
GBP |
145 |
|
|
|
188 |
|
| Reg. S, 5.25%, 12/07/2028 |
|
GBP |
300 |
|
|
|
416 |
|
| Societe Des Grands Projects EPIC, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 11/25/2030 |
|
EUR |
700 |
|
|
|
658 |
|
| Reg. S, 0.30%, 11/25/2031 |
|
EUR |
300 |
|
|
|
279 |
|
| Reg. S, 0.30%, 09/02/2036 |
|
EUR |
200 |
|
|
|
158 |
|
| Reg. S, 0.70%, 10/15/2060 |
|
EUR |
300 |
|
|
|
133 |
|
| Reg. S, 0.88%, 05/10/2046 |
|
EUR |
600 |
|
|
|
399 |
|
| Reg. S, 1.00%, 11/26/2051 |
|
EUR |
200 |
|
|
|
121 |
|
| Reg. S, 1.13%, 10/22/2028 |
|
EUR |
700 |
|
|
|
735 |
|
| Reg. S, 1.13%, 05/25/2034 |
|
EUR |
200 |
|
|
|
186 |
|
| Reg. S, 1.70%, 05/25/2050 |
|
EUR |
300 |
|
|
|
226 |
|
| Reg. S, 3.38%, 05/25/2045 |
|
EUR |
200 |
|
|
|
215 |
|
| Reg. S, 3.50%, 05/25/2043 |
|
EUR |
400 |
|
|
|
440 |
|
| Reg. S, 3.50%, 06/25/2049 |
|
EUR |
700 |
|
|
|
761 |
|
| Reg. S, 3.70%, 05/25/2053 |
|
EUR |
200 |
|
|
|
222 |
|
| Societe Nationale SNCF SACA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 04/17/2030 |
|
EUR |
500 |
|
|
|
494 |
|
| Reg. S, 1.00%, 05/25/2040 |
|
EUR |
100 |
|
|
|
77 |
|
| Reg. S, 1.00%, 01/19/2061 |
|
EUR |
100 |
|
|
|
46 |
|
| Reg. S, 1.50%, 02/02/2029 |
|
EUR |
300 |
|
|
|
317 |
|
| Reg. S, 3.13%, 05/25/2034 |
|
EUR |
700 |
|
|
|
778 |
|
| Reg. S, 3.38%, 05/25/2033 |
|
EUR |
400 |
|
|
|
456 |
|
| Reg. S, 5.38%, 03/18/2027 |
|
GBP |
400 |
|
|
|
544 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| South Australian Government Financing Authority, (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 05/24/2032 |
|
AUD |
670 |
|
|
|
382 |
|
| Reg. S, 2.00%, 05/23/2036 |
|
AUD |
89 |
|
|
|
45 |
|
| Reg. S, 2.75%, 05/24/2030 |
|
AUD |
500 |
|
|
|
322 |
|
| Reg. S, 4.00%, 05/24/2029 |
|
AUD |
1,000 |
|
|
|
691 |
|
| Reg. S, 4.50%, 05/23/2031 |
|
AUD |
400 |
|
|
|
279 |
|
| Reg. S, 4.75%, 05/24/2038 |
|
AUD |
400 |
|
|
|
268 |
|
| Spain Government Bond, (Spain), |
|
|
|
|
|
|
|
|
| 0.00%, 01/31/2026 |
|
EUR |
3,200 |
|
|
|
3,449 |
|
| 0.00%, 01/31/2027 |
|
EUR |
3,250 |
|
|
|
3,429 |
|
| Reg. S, 0.00%, 01/31/2028 (e) |
|
EUR |
3,878 |
|
|
|
3,997 |
|
| Reg. S, 0.10%, 04/30/2031 (e) |
|
EUR |
9,780 |
|
|
|
9,280 |
|
| Reg. S, 0.50%, 04/30/2030 (e) |
|
EUR |
6,473 |
|
|
|
6,472 |
|
| Reg. S, 0.50%, 10/31/2031 (e) |
|
EUR |
5,188 |
|
|
|
4,998 |
|
| Reg. S, 0.60%, 10/31/2029 (e) |
|
EUR |
2,750 |
|
|
|
2,794 |
|
| Reg. S, 0.70%, 04/30/2032 (e) |
|
EUR |
3,110 |
|
|
|
3,003 |
|
| Reg. S, 0.80%, 07/30/2027 (e) |
|
EUR |
3,441 |
|
|
|
3,675 |
|
| 0.80%, 07/30/2029 |
|
EUR |
8,100 |
|
|
|
8,349 |
|
| Reg. S, 0.85%, 07/30/2037 (e) |
|
EUR |
4,393 |
|
|
|
3,700 |
|
| Reg. S, 1.00%, 07/30/2042 (e) |
|
EUR |
1,293 |
|
|
|
982 |
|
| Reg. S, 1.00%, 10/31/2050 (e) |
|
EUR |
4,370 |
|
|
|
2,777 |
|
| Reg. S, 1.20%, 10/31/2040 (e) |
|
EUR |
2,511 |
|
|
|
2,050 |
|
| Reg. S, 1.25%, 10/31/2030 (e) |
|
EUR |
1,058 |
|
|
|
1,094 |
|
| Reg. S, 1.30%, 10/31/2026 (e) |
|
EUR |
2,251 |
|
|
|
2,456 |
|
| Reg. S, 1.40%, 04/30/2028 (e) |
|
EUR |
3,456 |
|
|
|
3,725 |
|
| Reg. S, 1.40%, 07/30/2028 (e) |
|
EUR |
2,991 |
|
|
|
3,215 |
|
| Reg. S, 1.45%, 10/31/2027 (e) |
|
EUR |
4,440 |
|
|
|
4,818 |
|
| Reg. S, 1.45%, 04/30/2029 (e) |
|
EUR |
5,130 |
|
|
|
5,478 |
|
| Reg. S, 1.45%, 10/31/2071 (e) |
|
EUR |
1,529 |
|
|
|
871 |
|
| Reg. S, 1.50%, 04/30/2027 (e) |
|
EUR |
3,815 |
|
|
|
4,163 |
|
| Reg. S, 1.85%, 07/30/2035 (e) |
|
EUR |
4,233 |
|
|
|
4,224 |
|
| Reg. S, 1.90%, 10/31/2052 (e) |
|
EUR |
2,842 |
|
|
|
2,215 |
|
| Reg. S, 1.95%, 04/30/2026 (e) |
|
EUR |
2,228 |
|
|
|
2,465 |
|
| Reg. S, 1.95%, 07/30/2030 (e) |
|
EUR |
1,744 |
|
|
|
1,885 |
|
| Reg. S, 2.15%, 10/31/2025 (e) |
|
EUR |
7,035 |
|
|
|
7,800 |
|
| Reg. S, 2.35%, 07/30/2033 (e) |
|
EUR |
2,841 |
|
|
|
3,056 |
|
| 2.50%, 05/31/2027 |
|
EUR |
8,130 |
|
|
|
9,088 |
|
| Reg. S, 2.55%, 10/31/2032 (e) |
|
EUR |
3,290 |
|
|
|
3,619 |
|
| 2.80%, 05/31/2026 |
|
EUR |
5,540 |
|
|
|
6,208 |
|
| Reg. S, 2.90%, 10/31/2046 (e) |
|
EUR |
3,443 |
|
|
|
3,479 |
|
| Reg. S, 3.10%, 07/30/2031 |
|
EUR |
1,410 |
|
|
|
1,616 |
|
| Reg. S, 3.15%, 04/30/2033 (e) |
|
EUR |
4,020 |
|
|
|
4,603 |
|
| Reg. S, 3.25%, 04/30/2034 (e) |
|
EUR |
10,700 |
|
|
|
12,273 |
|
| Reg. S, 3.45%, 10/31/2034 (e) |
|
EUR |
3,050 |
|
|
|
3,547 |
|
| Reg. S, 3.45%, 07/30/2043 (e) |
|
EUR |
2,113 |
|
|
|
2,337 |
|
| Reg. S, 3.45%, 07/30/2066 (e) |
|
EUR |
2,310 |
|
|
|
2,425 |
|
| 3.50%, 05/31/2029 |
|
EUR |
7,550 |
|
|
|
8,795 |
|
| Reg. S, 3.55%, 10/31/2033 (e) |
|
EUR |
2,315 |
|
|
|
2,724 |
|
| Reg. S, 3.90%, 07/30/2039 (e) |
|
EUR |
7,530 |
|
|
|
8,958 |
|
| Reg. S, 4.00%, 10/31/2054 (e) |
|
EUR |
1,820 |
|
|
|
2,134 |
|
| Reg. S, 4.20%, 01/31/2037 (e) |
|
EUR |
1,173 |
|
|
|
1,451 |
|
| Reg. S, 4.70%, 07/30/2041 (e) |
|
EUR |
1,804 |
|
|
|
2,345 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 4.90%, 07/30/2040 (e) |
|
EUR |
2,339 |
|
|
|
3,095 |
|
| Reg. S, 5.15%, 10/31/2028 (e) |
|
EUR |
3,906 |
|
|
|
4,812 |
|
| Reg. S, 5.15%, 10/31/2044 (e) |
|
EUR |
4,751 |
|
|
|
6,557 |
|
| 5.75%, 07/30/2032 |
|
EUR |
2,406 |
|
|
|
3,255 |
|
| Reg. S, 5.90%, 07/30/2026 (e) |
|
EUR |
5,670 |
|
|
|
6,708 |
|
| 6.00%, 01/31/2029 |
|
EUR |
2,430 |
|
|
|
3,106 |
|
| Series 30Y, Reg. S, 2.70%, 10/31/2048 (e) |
|
EUR |
3,341 |
|
|
|
3,213 |
|
| State of Brandenburg, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 01/26/2046 |
|
EUR |
259 |
|
|
|
160 |
|
| Reg. S, 1.13%, 07/04/2033 |
|
EUR |
200 |
|
|
|
199 |
|
| Reg. S, 1.45%, 11/26/2038 |
|
EUR |
180 |
|
|
|
168 |
|
| Reg. S, 2.50%, 01/25/2029 |
|
EUR |
200 |
|
|
|
225 |
|
| Reg. S, 2.88%, 05/23/2034 |
|
EUR |
500 |
|
|
|
573 |
|
| Reg. S, 3.00%, 02/27/2032 |
|
EUR |
200 |
|
|
|
231 |
|
| State of Bremen, (Germany), |
|
|
|
|
|
|
|
|
| Series 215, Reg. S, 1.20%, 01/30/2034 |
|
EUR |
40 |
|
|
|
39 |
|
| Series 217, Reg. S, 1.00%, 05/27/2039 |
|
EUR |
200 |
|
|
|
173 |
|
| Series 224, Reg. S, 0.40%, 08/20/2049 |
|
EUR |
30 |
|
|
|
18 |
|
| Series 232, Reg. S, 0.55%, 02/04/2050 |
|
EUR |
30 |
|
|
|
19 |
|
| Series 247, Reg. S, 0.15%, 09/14/2040 |
|
EUR |
310 |
|
|
|
225 |
|
| Series 250, Reg. S, 0.01%, 10/06/2028 |
|
EUR |
640 |
|
|
|
651 |
|
| Series 258, Reg. S, 0.50%, 05/06/2041 |
|
EUR |
138 |
|
|
|
105 |
|
| Series 272, Reg. S, 3.00%, 03/02/2033 |
|
EUR |
700 |
|
|
|
808 |
|
| Series 274, Reg. S, 2.75%, 01/30/2032 |
|
EUR |
100 |
|
|
|
114 |
|
| State of Hesse, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 10/10/2031 |
|
EUR |
403 |
|
|
|
382 |
|
| 2.50%, 10/01/2031 (w) |
|
EUR |
200 |
|
|
|
223 |
|
| Reg. S, 2.75%, 01/10/2034 |
|
EUR |
200 |
|
|
|
226 |
|
| Reg. S, 3.25%, 10/05/2028 |
|
EUR |
300 |
|
|
|
346 |
|
| Series 1801, Reg. S, 0.63%, 08/02/2028 |
|
EUR |
230 |
|
|
|
240 |
|
| Series 2006, Reg. S, 0.01%, 03/11/2030 |
|
EUR |
990 |
|
|
|
973 |
|
| Series 2010, Reg. S, 0.00%, 11/08/2030 |
|
EUR |
500 |
|
|
|
482 |
|
| Series 2301, 2.88%, 01/10/2033 |
|
EUR |
1,100 |
|
|
|
1,260 |
|
| State of Lower Austria, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 11/16/2035 |
|
EUR |
300 |
|
|
|
246 |
|
| Reg. S, 3.63%, 10/04/2033 |
|
EUR |
300 |
|
|
|
359 |
|
| State of Lower Saxony, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 02/11/2027 |
|
EUR |
1,310 |
|
|
|
1,383 |
|
| Reg. S, 0.01%, 01/10/2031 |
|
EUR |
779 |
|
|
|
748 |
|
| Reg. S, 0.05%, 03/09/2035 |
|
EUR |
277 |
|
|
|
237 |
|
| Reg. S, 0.38%, 05/14/2029 |
|
EUR |
1,500 |
|
|
|
1,529 |
|
| Reg. S, 1.50%, 10/17/2029 |
|
EUR |
200 |
|
|
|
214 |
|
| Reg. S, 2.63%, 03/18/2032 |
|
EUR |
200 |
|
|
|
225 |
|
| Reg. S, 2.75%, 02/17/2031 |
|
EUR |
700 |
|
|
|
796 |
|
| Series 884, Reg. S, 0.88%, 10/25/2028 |
|
EUR |
320 |
|
|
|
337 |
|
| Series 898, Reg. S, 0.01%, 08/13/2030 |
|
EUR |
149 |
|
|
|
145 |
|
| Series 908, Reg. S, 0.25%, 04/09/2029 |
|
EUR |
700 |
|
|
|
711 |
|
| Series 917, Reg. S, 2.63%, 01/09/2034 |
|
EUR |
200 |
|
|
|
224 |
|
| State of Mecklenburg-Western Pomerania, (Germany), |
|
|
|
|
|
|
|
|
| 2.55%, 01/12/2032 |
|
EUR |
200 |
|
|
|
224 |
|
| Reg. S, 2.95%, 06/05/2034 |
|
EUR |
100 |
|
|
|
115 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| State of North Rhine-Westphalia Germany, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 01/15/2029 |
|
EUR |
161 |
|
|
|
162 |
|
| Reg. S, 0.13%, 06/04/2031 |
|
EUR |
300 |
|
|
|
288 |
|
| Reg. S, 0.20%, 03/31/2027 |
|
EUR |
490 |
|
|
|
518 |
|
| Reg. S, 0.20%, 04/09/2030 |
|
EUR |
694 |
|
|
|
687 |
|
| Reg. S, 0.20%, 01/27/2051 |
|
EUR |
270 |
|
|
|
146 |
|
| Reg. S, 0.38%, 09/02/2050 |
|
EUR |
385 |
|
|
|
224 |
|
| Reg. S, 0.50%, 11/25/2039 |
|
EUR |
110 |
|
|
|
87 |
|
| Reg. S, 0.60%, 06/04/2041 |
|
EUR |
300 |
|
|
|
231 |
|
| Reg. S, 0.75%, 08/16/2041 |
|
EUR |
360 |
|
|
|
283 |
|
| Reg. S, 0.80%, 07/30/2049 |
|
EUR |
100 |
|
|
|
68 |
|
| Reg. S, 0.90%, 11/15/2028 |
|
EUR |
600 |
|
|
|
631 |
|
| Reg. S, 0.95%, 03/13/2028 |
|
EUR |
144 |
|
|
|
153 |
|
| Reg. S, 0.95%, 01/10/2121 |
|
EUR |
195 |
|
|
|
98 |
|
| Reg. S, 1.00%, 10/16/2046 |
|
EUR |
1,360 |
|
|
|
1,024 |
|
| Reg. S, 1.25%, 05/12/2036 |
|
EUR |
1,400 |
|
|
|
1,336 |
|
| Reg. S, 1.38%, 01/15/2120 |
|
EUR |
434 |
|
|
|
256 |
|
| Reg. S, 1.45%, 02/16/2043 |
|
EUR |
100 |
|
|
|
87 |
|
| Reg. S, 1.45%, 01/19/2122 |
|
EUR |
150 |
|
|
|
92 |
|
| Reg. S, 1.65%, 02/22/2038 |
|
EUR |
480 |
|
|
|
466 |
|
| Reg. S, 1.65%, 05/16/2047 |
|
EUR |
220 |
|
|
|
190 |
|
| Reg. S, 1.75%, 10/26/2057 |
|
EUR |
172 |
|
|
|
140 |
|
| Reg. S, 1.75%, 07/11/2068 |
|
EUR |
104 |
|
|
|
81 |
|
| Reg. S, 1.95%, 09/26/2078 |
|
EUR |
254 |
|
|
|
204 |
|
| Reg. S, 2.00%, 06/15/2032 |
|
EUR |
450 |
|
|
|
484 |
|
| Reg. S, 2.15%, 03/21/2119 |
|
EUR |
376 |
|
|
|
311 |
|
| Reg. S, 2.75%, 01/15/2032 |
|
EUR |
430 |
|
|
|
488 |
|
| Reg. S, 2.90%, 06/07/2033 |
|
EUR |
200 |
|
|
|
229 |
|
| Reg. S, 2.90%, 01/15/2053 |
|
EUR |
390 |
|
|
|
421 |
|
| Reg. S, 3.00%, 01/27/2028 |
|
EUR |
400 |
|
|
|
456 |
|
| Reg. S, 3.00%, 06/06/2029 |
|
EUR |
300 |
|
|
|
344 |
|
| Reg. S, 3.00%, 03/20/2054 |
|
EUR |
200 |
|
|
|
221 |
|
| Reg. S, 3.38%, 10/31/2028 |
|
EUR |
500 |
|
|
|
580 |
|
| Reg. S, 3.40%, 03/07/2073 |
|
EUR |
1,310 |
|
|
|
1,582 |
|
| Series 15YR, Reg. S, 0.00%, 10/12/2035 |
|
EUR |
1,054 |
|
|
|
877 |
|
| Series 15YR, Reg. S, 1.10%, 03/13/2034 |
|
EUR |
240 |
|
|
|
234 |
|
| Series 1250, Reg. S, 2.38%, 05/13/2033 |
|
EUR |
1,050 |
|
|
|
1,156 |
|
| Series 1409, Reg. S, 0.50%, 04/16/2026 |
|
EUR |
980 |
|
|
|
1,061 |
|
| Series 1439, Reg. S, 1.55%, 06/16/2048 |
|
EUR |
200 |
|
|
|
168 |
|
| State of Rhineland-Palatinate, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.01%, 02/25/2028 |
|
EUR |
500 |
|
|
|
516 |
|
| Reg. S, 0.01%, 01/21/2031 |
|
EUR |
410 |
|
|
|
394 |
|
| Reg. S, 0.38%, 01/26/2027 |
|
EUR |
220 |
|
|
|
235 |
|
| Reg. S, 0.38%, 03/10/2051 |
|
EUR |
200 |
|
|
|
116 |
|
| Reg. S, 0.75%, 01/19/2026 |
|
EUR |
725 |
|
|
|
790 |
|
| 2.75%, 02/23/2028 |
|
EUR |
300 |
|
|
|
339 |
|
| Reg. S, 3.00%, 05/02/2034 |
|
EUR |
350 |
|
|
|
404 |
|
| State of Saarland, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 11/05/2040 |
|
EUR |
68 |
|
|
|
49 |
|
| 2.75%, 01/18/2030 |
|
EUR |
300 |
|
|
|
341 |
|
| 2.75%, 04/10/2031 |
|
EUR |
100 |
|
|
|
113 |
|
| State of Saxony-Anhalt, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 03/10/2031 |
|
EUR |
280 |
|
|
|
267 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| 0.35%, 02/09/2032 |
|
EUR |
300 |
|
|
|
288 |
|
| Reg. S, 0.50%, 03/24/2051 |
|
EUR |
123 |
|
|
|
75 |
|
| 3.15%, 02/06/2054 |
|
EUR |
150 |
|
|
|
172 |
|
| Series 10Y, Reg. S, 0.75%, 01/29/2029 |
|
EUR |
200 |
|
|
|
209 |
|
| Series 32, Reg. S, 2.95%, 06/20/2033 |
|
EUR |
450 |
|
|
|
518 |
|
| State of Schleswig-Holstein Germany, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 0.05%, 07/08/2031 |
|
EUR |
400 |
|
|
|
380 |
|
| Reg. S, 0.13%, 06/12/2029 |
|
EUR |
331 |
|
|
|
333 |
|
| Reg. S, 0.38%, 02/08/2027 |
|
EUR |
310 |
|
|
|
330 |
|
| Reg. S, 0.50%, 03/22/2029 |
|
EUR |
440 |
|
|
|
452 |
|
| Reg. S, 0.63%, 08/31/2028 |
|
EUR |
140 |
|
|
|
146 |
|
| Reg. S, 1.38%, 07/14/2027 |
|
EUR |
200 |
|
|
|
217 |
|
| Reg. S, 2.88%, 06/25/2029 |
|
EUR |
400 |
|
|
|
457 |
|
| Reg. S, 2.88%, 05/30/2034 |
|
EUR |
200 |
|
|
|
229 |
|
| Reg. S, 3.00%, 08/16/2033 |
|
EUR |
400 |
|
|
|
463 |
|
| State of the Grand-Duchy of Luxembourg, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 11/13/2026 |
|
EUR |
400 |
|
|
|
425 |
|
| Reg. S, 0.00%, 04/28/2030 |
|
EUR |
150 |
|
|
|
147 |
|
| Reg. S, 0.00%, 03/24/2031 |
|
EUR |
103 |
|
|
|
98 |
|
| Reg. S, 0.00%, 09/14/2032 |
|
EUR |
400 |
|
|
|
367 |
|
| Reg. S, 1.38%, 05/25/2029 |
|
EUR |
380 |
|
|
|
406 |
|
| Reg. S, 1.75%, 05/25/2042 |
|
EUR |
710 |
|
|
|
661 |
|
| Reg. S, 3.25%, 03/02/2043 |
|
EUR |
100 |
|
|
|
115 |
|
| States of Guernsey Bond, (Guernsey), Reg. S, 3.38%, 12/12/2046 |
|
GBP |
200 |
|
|
|
210 |
|
| Svensk Exportkredit AB, (Sweden), |
|
|
|
|
|
|
|
|
| Zero Coupon, 05/11/2037 |
|
|
224 |
|
|
|
125 |
|
| Reg. S, 2.00%, 06/30/2027 |
|
EUR |
1,000 |
|
|
|
1,101 |
|
| Reg. S, 2.75%, 02/23/2028 |
|
EUR |
395 |
|
|
|
444 |
|
| Sweden Government Bond, (Sweden), |
|
|
|
|
|
|
|
|
| Series 1053, Reg. S, 3.50%, 03/30/2039 |
|
SEK |
5,820 |
|
|
|
669 |
|
| Series 1056, Reg. S, 2.25%, 06/01/2032 |
|
SEK |
9,200 |
|
|
|
930 |
|
| Series 1059, Reg. S, 1.00%, 11/12/2026 |
|
SEK |
31,600 |
|
|
|
3,069 |
|
| Series 1060, Reg. S, 0.75%, 05/12/2028 (e) |
|
SEK |
16,175 |
|
|
|
1,542 |
|
| Series 1061, Reg. S, 0.75%, 11/12/2029 (e) |
|
SEK |
27,090 |
|
|
|
2,540 |
|
| Series 1062, Reg. S, 0.13%, 05/12/2031 (e) |
|
SEK |
14,255 |
|
|
|
1,257 |
|
| Series 1063, Reg. S, 0.50%, 11/24/2045 |
|
SEK |
4,650 |
|
|
|
328 |
|
| Series 1064, Reg. S, 1.38%, 06/23/2071 (e) |
|
SEK |
570 |
|
|
|
40 |
|
| Series 1065, Reg. S, 1.75%, 11/11/2033 |
|
SEK |
11,000 |
|
|
|
1,068 |
|
| Series 1066, Reg. S, 2.25%, 05/11/2035 |
|
SEK |
3,500 |
|
|
|
353 |
|
| Swiss Confederation Government Bond, (Switzerland), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 06/22/2029 |
|
CHF |
1,250 |
|
|
|
1,452 |
|
| Reg. S, 0.00%, 06/26/2034 |
|
CHF |
1,929 |
|
|
|
2,192 |
|
| Reg. S, 0.00%, 07/24/2039 |
|
CHF |
1,319 |
|
|
|
1,460 |
|
| Reg. S, 0.50%, 05/27/2030 |
|
CHF |
540 |
|
|
|
642 |
|
| Reg. S, 0.50%, 06/27/2032 |
|
CHF |
2,090 |
|
|
|
2,492 |
|
| Reg. S, 0.50%, 06/28/2045 |
|
CHF |
1,060 |
|
|
|
1,269 |
|
| Reg. S, 0.50%, 05/24/2055 |
|
CHF |
622 |
|
|
|
756 |
|
| Reg. S, 0.50%, 05/30/2058 |
|
CHF |
260 |
|
|
|
320 |
|
| Reg. S, 1.25%, 06/27/2037 |
|
CHF |
680 |
|
|
|
886 |
|
| Reg. S, 1.50%, 04/30/2042 |
|
CHF |
1,140 |
|
|
|
1,589 |
|
| Reg. S, 2.00%, 06/25/2064 |
|
CHF |
611 |
|
|
|
1,170 |
|
| Reg. S, 2.25%, 06/22/2031 |
|
CHF |
752 |
|
|
|
999 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 06/27/2027 |
|
CHF |
1,360 |
|
|
|
1,733 |
|
| Reg. S, 4.00%, 04/08/2028 |
|
CHF |
663 |
|
|
|
883 |
|
| Reg. S, 4.00%, 01/06/2049 |
|
CHF |
460 |
|
|
|
991 |
|
| Tasmanian Public Finance Corp., (Australia), 4.75%, 01/25/2035 |
|
AUD |
400 |
|
|
|
274 |
|
| Thailand Government Bond, (Thailand), |
|
|
|
|
|
|
|
|
| 1.00%, 06/17/2027 |
|
THB |
40,000 |
|
|
|
1,205 |
|
| 1.59%, 12/17/2035 |
|
THB |
1,400 |
|
|
|
39 |
|
| 1.60%, 12/17/2029 |
|
THB |
123,830 |
|
|
|
3,725 |
|
| 2.00%, 12/17/2031 |
|
THB |
68,600 |
|
|
|
2,081 |
|
| 2.00%, 06/17/2042 |
|
THB |
46,000 |
|
|
|
1,268 |
|
| 2.13%, 12/17/2026 |
|
THB |
3,024 |
|
|
|
94 |
|
| 2.35%, 06/17/2026 |
|
THB |
70,000 |
|
|
|
2,182 |
|
| 2.40%, 11/17/2027 |
|
THB |
4,660 |
|
|
|
146 |
|
| 2.40%, 03/17/2029 |
|
THB |
37,000 |
|
|
|
1,158 |
|
| 2.65%, 06/17/2028 |
|
THB |
94,700 |
|
|
|
2,991 |
|
| 2.80%, 06/17/2034 |
|
THB |
87,770 |
|
|
|
2,801 |
|
| 2.88%, 06/17/2046 |
|
THB |
1,430 |
|
|
|
43 |
|
| 3.14%, 06/17/2047 |
|
THB |
52,160 |
|
|
|
1,633 |
|
| 3.39%, 06/17/2037 |
|
THB |
71,500 |
|
|
|
2,399 |
|
| 3.40%, 06/17/2036 |
|
THB |
4,000 |
|
|
|
134 |
|
| 3.45%, 06/17/2043 |
|
THB |
46,630 |
|
|
|
1,566 |
|
| 3.65%, 06/20/2031 |
|
THB |
3,480 |
|
|
|
117 |
|
| 4.00%, 06/17/2055 |
|
THB |
30,000 |
|
|
|
1,083 |
|
| 4.00%, 06/17/2066 |
|
THB |
26,620 |
|
|
|
909 |
|
| 4.00%, 06/17/2072 |
|
THB |
25,000 |
|
|
|
868 |
|
| Series THAI, 2.75%, 06/17/2052 |
|
THB |
740 |
|
|
|
22 |
|
| Tokyo Metropolitan Government, (Japan), Reg. S, 0.75%, 07/16/2025 |
|
|
1,000 |
|
|
|
972 |
|
| Treasury Corp. of Victoria, (Australia), |
|
|
|
|
|
|
|
|
| 1.25%, 11/19/2027 |
|
AUD |
2,370 |
|
|
|
1,513 |
|
| Reg. S, 1.50%, 11/20/2030 |
|
AUD |
1,400 |
|
|
|
823 |
|
| Reg. S, 1.50%, 09/10/2031 |
|
AUD |
2,000 |
|
|
|
1,142 |
|
| Reg. S, 2.25%, 09/15/2033 |
|
AUD |
1,730 |
|
|
|
981 |
|
| 2.25%, 11/20/2034 |
|
AUD |
500 |
|
|
|
273 |
|
| 2.25%, 11/20/2041 |
|
AUD |
1,500 |
|
|
|
678 |
|
| Reg. S, 2.50%, 10/22/2029 |
|
AUD |
200 |
|
|
|
128 |
|
| Reg. S, 3.00%, 10/20/2028 |
|
AUD |
3,390 |
|
|
|
2,261 |
|
| 4.25%, 12/20/2032 |
|
AUD |
2,790 |
|
|
|
1,884 |
|
| Reg. S, 4.75%, 09/15/2036 |
|
AUD |
1,500 |
|
|
|
1,008 |
|
| Reg. S, 5.25%, 09/15/2038 |
|
AUD |
810 |
|
|
|
561 |
|
| 5.50%, 11/17/2026 |
|
AUD |
1,880 |
|
|
|
1,343 |
|
| Tyollisyysrahasto, (Finland), 0.01%, 06/16/2027 |
|
EUR |
200 |
|
|
|
210 |
|
| U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
| 4.13%, 09/30/2027 |
|
|
45 |
|
|
|
46 |
|
| 4.38%, 08/31/2028 |
|
|
19 |
|
|
|
19 |
|
| UNEDIC ASSEO, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.00%, 03/05/2030 |
|
EUR |
100 |
|
|
|
97 |
|
| Reg. S, 0.00%, 11/19/2030 |
|
EUR |
200 |
|
|
|
189 |
|
| Reg. S, 0.01%, 05/25/2031 |
|
EUR |
1,300 |
|
|
|
1,214 |
|
| Reg. S, 0.10%, 11/25/2026 |
|
EUR |
600 |
|
|
|
635 |
|
| Reg. S, 0.10%, 05/25/2034 |
|
EUR |
100 |
|
|
|
85 |
|
| Reg. S, 0.25%, 11/25/2029 |
|
EUR |
2,000 |
|
|
|
1,977 |
|
| Reg. S, 0.25%, 07/16/2035 |
|
EUR |
600 |
|
|
|
503 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 0.50%, 05/25/2036 |
|
EUR |
300 |
|
|
|
250 |
|
| Reg. S, 0.63%, 03/03/2026 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 1.25%, 10/21/2027 |
|
EUR |
200 |
|
|
|
215 |
|
| Reg. S, 1.25%, 05/25/2033 |
|
EUR |
700 |
|
|
|
686 |
|
| Reg. S, 1.50%, 04/20/2032 |
|
EUR |
200 |
|
|
|
204 |
|
| Reg. S, 1.75%, 11/25/2032 |
|
EUR |
600 |
|
|
|
618 |
|
| Reg. S, 3.13%, 11/25/2034 |
|
EUR |
300 |
|
|
|
339 |
|
| United Kingdom Gilt, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 0.13%, 01/30/2026 |
|
GBP |
6,250 |
|
|
|
7,968 |
|
| Reg. S, 0.13%, 01/31/2028 |
|
GBP |
8,227 |
|
|
|
9,792 |
|
| Reg. S, 0.25%, 07/31/2031 |
|
GBP |
7,276 |
|
|
|
7,671 |
|
| Reg. S, 0.38%, 10/22/2026 |
|
GBP |
5,227 |
|
|
|
6,521 |
|
| Reg. S, 0.38%, 10/22/2030 |
|
GBP |
6,129 |
|
|
|
6,711 |
|
| Reg. S, 0.50%, 01/31/2029 |
|
GBP |
9,330 |
|
|
|
10,870 |
|
| Reg. S, 0.50%, 10/22/2061 |
|
GBP |
12,552 |
|
|
|
5,122 |
|
| Reg. S, 0.63%, 07/31/2035 |
|
GBP |
18,924 |
|
|
|
17,789 |
|
| Reg. S, 0.63%, 10/22/2050 |
|
GBP |
19,596 |
|
|
|
10,772 |
|
| Reg. S, 0.88%, 10/22/2029 |
|
GBP |
6,830 |
|
|
|
7,949 |
|
| Reg. S, 0.88%, 07/31/2033 |
|
GBP |
5,801 |
|
|
|
5,997 |
|
| Reg. S, 0.88%, 01/31/2046 |
|
GBP |
13,769 |
|
|
|
9,328 |
|
| Reg. S, 1.00%, 01/31/2032 |
|
GBP |
9,482 |
|
|
|
10,388 |
|
| Reg. S, 1.13%, 01/31/2039 |
|
GBP |
13,976 |
|
|
|
12,484 |
|
| Reg. S, 1.13%, 10/22/2073 |
|
GBP |
7,187 |
|
|
|
3,569 |
|
| Reg. S, 1.25%, 07/22/2027 |
|
GBP |
13,571 |
|
|
|
16,946 |
|
| Reg. S, 1.25%, 10/22/2041 |
|
GBP |
18,131 |
|
|
|
15,202 |
|
| Reg. S, 1.25%, 07/31/2051 |
|
GBP |
14,756 |
|
|
|
9,730 |
|
| Reg. S, 1.50%, 07/22/2026 |
|
GBP |
11,911 |
|
|
|
15,270 |
|
| Reg. S, 1.50%, 07/22/2047 |
|
GBP |
12,225 |
|
|
|
9,354 |
|
| Reg. S, 1.50%, 07/31/2053 |
|
GBP |
10,360 |
|
|
|
7,111 |
|
| Reg. S, 1.63%, 10/22/2028 |
|
GBP |
8,345 |
|
|
|
10,302 |
|
| Reg. S, 1.63%, 10/22/2054 |
|
GBP |
19,321 |
|
|
|
13,572 |
|
| Reg. S, 1.63%, 10/22/2071 |
|
GBP |
11,690 |
|
|
|
7,214 |
|
| Reg. S, 1.75%, 09/07/2037 |
|
GBP |
14,769 |
|
|
|
15,028 |
|
| Reg. S, 1.75%, 01/22/2049 |
|
GBP |
16,929 |
|
|
|
13,415 |
|
| Reg. S, 1.75%, 07/22/2057 |
|
GBP |
15,394 |
|
|
|
10,955 |
|
| Reg. S, 2.50%, 07/22/2065 |
|
GBP |
12,362 |
|
|
|
10,461 |
|
| Reg. S, 3.25%, 01/31/2033 |
|
GBP |
5,150 |
|
|
|
6,554 |
|
| Reg. S, 3.25%, 01/22/2044 |
|
GBP |
18,050 |
|
|
|
20,273 |
|
| Reg. S, 3.50%, 10/22/2025 |
|
GBP |
2,450 |
|
|
|
3,246 |
|
| Reg. S, 3.50%, 01/22/2045 |
|
GBP |
21,577 |
|
|
|
24,977 |
|
| Reg. S, 3.50%, 07/22/2068 |
|
GBP |
9,520 |
|
|
|
10,384 |
|
| Reg. S, 3.75%, 03/07/2027 |
|
GBP |
2,860 |
|
|
|
3,804 |
|
| Reg. S, 3.75%, 01/29/2038 |
|
GBP |
16,450 |
|
|
|
21,005 |
|
| Reg. S, 3.75%, 07/22/2052 |
|
GBP |
10,137 |
|
|
|
11,812 |
|
| Reg. S, 3.75%, 10/22/2053 |
|
GBP |
14,546 |
|
|
|
16,867 |
|
| Reg. S, 4.00%, 10/22/2031 |
|
GBP |
5,240 |
|
|
|
7,047 |
|
| Reg. S, 4.00%, 01/22/2060 |
|
GBP |
10,928 |
|
|
|
13,259 |
|
| Reg. S, 4.00%, 10/22/2063 |
|
GBP |
10,365 |
|
|
|
12,506 |
|
| Reg. S, 4.13%, 01/29/2027 |
|
GBP |
3,270 |
|
|
|
4,385 |
|
| Reg. S, 4.13%, 07/22/2029 |
|
GBP |
5,530 |
|
|
|
7,474 |
|
| Reg. S, 4.25%, 12/07/2027 |
|
GBP |
2,300 |
|
|
|
3,119 |
|
| Reg. S, 4.25%, 06/07/2032 |
|
GBP |
2,800 |
|
|
|
3,845 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 4.25%, 07/31/2034 |
|
GBP |
4,565 |
|
|
|
6,222 |
|
| Reg. S, 4.25%, 03/07/2036 |
|
GBP |
12,293 |
|
|
|
16,669 |
|
| Reg. S, 4.25%, 09/07/2039 |
|
GBP |
20,057 |
|
|
|
26,657 |
|
| Reg. S, 4.25%, 12/07/2040 |
|
GBP |
11,975 |
|
|
|
15,798 |
|
| Reg. S, 4.25%, 12/07/2046 |
|
GBP |
13,498 |
|
|
|
17,308 |
|
| Reg. S, 4.25%, 12/07/2049 |
|
GBP |
12,255 |
|
|
|
15,626 |
|
| Reg. S, 4.25%, 12/07/2055 |
|
GBP |
11,359 |
|
|
|
14,386 |
|
| Reg. S, 4.38%, 01/31/2040 |
|
GBP |
4,170 |
|
|
|
5,604 |
|
| Reg. S, 4.38%, 07/31/2054 |
|
GBP |
10,566 |
|
|
|
13,637 |
|
| Reg. S, 4.50%, 06/07/2028 |
|
GBP |
1,150 |
|
|
|
1,570 |
|
| Reg. S, 4.50%, 09/07/2034 |
|
GBP |
5,520 |
|
|
|
7,681 |
|
| Reg. S, 4.50%, 12/07/2042 |
|
GBP |
11,215 |
|
|
|
15,108 |
|
| Reg. S, 4.63%, 01/31/2034 |
|
GBP |
10,445 |
|
|
|
14,657 |
|
| Reg. S, 4.75%, 12/07/2030 |
|
GBP |
2,976 |
|
|
|
4,186 |
|
| Reg. S, 4.75%, 12/07/2038 |
|
GBP |
11,274 |
|
|
|
15,892 |
|
| Reg. S, 4.75%, 10/22/2043 |
|
GBP |
10,302 |
|
|
|
14,242 |
|
| Reg. S, 6.00%, 12/07/2028 |
|
GBP |
912 |
|
|
|
1,327 |
|
| United States Department of Housing and Urban Development, 3.26%, 08/01/2029 |
|
|
25 |
|
|
|
24 |
|
| United States International Development Finance Corp., |
|
|
|
|
|
|
|
|
| 3.25%, 10/15/2030 |
|
|
694 |
|
|
|
678 |
|
| 3.37%, 10/05/2034 |
|
|
81 |
|
|
|
77 |
|
| Series 1, 1.11%, 05/15/2029 |
|
|
729 |
|
|
|
681 |
|
| Series 2, 0.80%, 05/15/2029 |
|
|
363 |
|
|
|
336 |
|
| Ville de Paris, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 11/30/2041 |
|
EUR |
100 |
|
|
|
71 |
|
| Reg. S, 1.38%, 11/20/2034 |
|
EUR |
300 |
|
|
|
279 |
|
| Reg. S, 1.63%, 02/02/2033 |
|
EUR |
200 |
|
|
|
197 |
|
| Reg. S, 1.75%, 05/25/2031 |
|
EUR |
200 |
|
|
|
206 |
|
| 3.02%, 10/25/2029 |
|
EUR |
400 |
|
|
|
443 |
|
| Reg. S, 3.50%, 02/02/2044 |
|
EUR |
100 |
|
|
|
110 |
|
| 3.88%, 12/29/2025 |
|
EUR |
600 |
|
|
|
676 |
|
| Western Australian Treasury Corp., (Australia), |
|
|
|
|
|
|
|
|
| Reg. S, 1.50%, 10/22/2030 |
|
AUD |
780 |
|
|
|
464 |
|
| Reg. S, 2.25%, 07/23/2041 |
|
AUD |
50 |
|
|
|
24 |
|
| Reg. S, 4.25%, 07/20/2033 |
|
AUD |
1,000 |
|
|
|
680 |
|
| Series 28, Reg. S, 3.25%, 07/20/2028 |
|
AUD |
1,000 |
|
|
|
677 |
|
| Series 29, Reg. S, 2.75%, 07/24/2029 |
|
AUD |
670 |
|
|
|
438 |
|
| Xunta de Galicia, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.27%, 07/30/2028 |
|
EUR |
300 |
|
|
|
306 |
|
| Reg. S, 3.30%, 04/30/2031 |
|
EUR |
200 |
|
|
|
229 |
|
|
|
|
|
|
|
|
|
|
| Total Foreign Government Securities (Cost
$6,970,378) |
|
|
|
|
|
|
7,193,251 |
|
|
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities — 14.1% |
|
|
|
|
|
|
|
|
| FHLMC Gold Pool, |
|
|
|
|
|
|
|
|
| 3.00%, 10/01/2046 |
|
|
162 |
|
|
|
146 |
|
| 3.50%, 12/01/2044 |
|
|
390 |
|
|
|
369 |
|
| 3.50%, 06/01/2045 |
|
|
788 |
|
|
|
741 |
|
| 3.50%, 05/01/2046 |
|
|
123 |
|
|
|
116 |
|
| 3.50%, 10/01/2046 |
|
|
178 |
|
|
|
166 |
|
| FHLMC Gold Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 3.00%, 10/01/2026 |
|
|
27 |
|
|
|
26 |
|
| 3.00%, 11/01/2026 |
|
|
143 |
|
|
|
142 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 3.00%, 01/01/2027 |
|
|
776 |
|
|
|
766 |
|
| 3.00%, 05/01/2029 |
|
|
3,187 |
|
|
|
3,130 |
|
| 3.00%, 02/01/2032 |
|
|
289 |
|
|
|
281 |
|
| 3.00%, 04/01/2032 |
|
|
1,496 |
|
|
|
1,453 |
|
| 3.00%, 05/01/2032 |
|
|
1,009 |
|
|
|
981 |
|
| 3.00%, 07/01/2032 |
|
|
548 |
|
|
|
533 |
|
| 3.00%, 10/01/2032 |
|
|
573 |
|
|
|
557 |
|
| 3.00%, 11/01/2032 |
|
|
1,001 |
|
|
|
972 |
|
| FHLMC Gold Pool, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| 3.00%, 03/01/2046 |
|
|
16 |
|
|
|
15 |
|
| 3.00%, 12/01/2046 |
|
|
26 |
|
|
|
24 |
|
| 4.00%, 08/01/2040 |
|
|
213 |
|
|
|
210 |
|
| 4.00%, 10/01/2040 |
|
|
2,039 |
|
|
|
2,017 |
|
| 4.00%, 11/01/2040 |
|
|
495 |
|
|
|
489 |
|
| 4.00%, 11/01/2047 |
|
|
1,517 |
|
|
|
1,480 |
|
| 4.00%, 01/01/2048 |
|
|
33 |
|
|
|
32 |
|
| FHLMC Non Gold Pool, ARM, (USD IBOR Consumer Cash Fallbacks 1 Year + 1.64%), 3.69%, 01/01/2050 (aa) |
|
|
44 |
|
|
|
43 |
|
| FHLMC Pool, |
|
|
|
|
|
|
|
|
| 3.05%, 03/01/2032 |
|
|
885 |
|
|
|
815 |
|
| 3.50%, 02/01/2043 |
|
|
46 |
|
|
|
44 |
|
| 3.50%, 02/01/2044 |
|
|
72 |
|
|
|
69 |
|
| 6.00%, 08/01/2035 |
|
|
50 |
|
|
|
50 |
|
| FHLMC Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 1.50%, 12/01/2035 |
|
|
320 |
|
|
|
287 |
|
| 1.50%, 03/01/2036 |
|
|
489 |
|
|
|
439 |
|
| 1.50%, 02/01/2037 |
|
|
712 |
|
|
|
636 |
|
| 1.50%, 03/01/2037 |
|
|
740 |
|
|
|
660 |
|
| 2.00%, 12/01/2035 |
|
|
628 |
|
|
|
579 |
|
| 2.00%, 02/01/2036 |
|
|
4,246 |
|
|
|
3,908 |
|
| 2.00%, 03/01/2036 |
|
|
359 |
|
|
|
329 |
|
| 2.00%, 05/01/2036 |
|
|
2,174 |
|
|
|
1,999 |
|
| 2.00%, 08/01/2036 |
|
|
1,041 |
|
|
|
956 |
|
| 2.00%, 10/01/2036 |
|
|
552 |
|
|
|
507 |
|
| 2.00%, 11/01/2036 |
|
|
3,126 |
|
|
|
2,871 |
|
| 2.00%, 12/01/2036 |
|
|
315 |
|
|
|
289 |
|
| 2.00%, 01/01/2037 |
|
|
3,806 |
|
|
|
3,499 |
|
| 2.00%, 04/01/2037 |
|
|
1,435 |
|
|
|
1,313 |
|
| 2.00%, 05/01/2037 |
|
|
893 |
|
|
|
816 |
|
| 2.00%, 06/01/2037 |
|
|
1,710 |
|
|
|
1,564 |
|
| 2.50%, 07/01/2032 |
|
|
1,608 |
|
|
|
1,544 |
|
| 2.50%, 10/01/2035 |
|
|
7,147 |
|
|
|
6,754 |
|
| 2.50%, 07/01/2036 |
|
|
1,110 |
|
|
|
1,043 |
|
| 2.50%, 04/01/2037 |
|
|
131 |
|
|
|
123 |
|
| 2.50%, 05/01/2037 |
|
|
329 |
|
|
|
309 |
|
| 3.00%, 04/01/2028 |
|
|
22 |
|
|
|
21 |
|
| 3.00%, 10/01/2028 |
|
|
830 |
|
|
|
813 |
|
| 3.00%, 04/01/2029 |
|
|
22 |
|
|
|
22 |
|
| 3.00%, 05/01/2030 |
|
|
4 |
|
|
|
4 |
|
| 3.00%, 06/01/2030 |
|
|
424 |
|
|
|
415 |
|
| 3.00%, 11/01/2030 |
|
|
82 |
|
|
|
80 |
|
| 3.00%, 11/01/2031 |
|
|
23 |
|
|
|
22 |
|
| 3.00%, 11/01/2032 |
|
|
86 |
|
|
|
83 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 3.00%, 01/01/2033 |
|
|
41 |
|
|
|
40 |
|
| 3.50%, 11/01/2025 |
|
|
100 |
|
|
|
99 |
|
| 3.50%, 09/01/2033 |
|
|
231 |
|
|
|
228 |
|
| 3.50%, 02/01/2034 |
|
|
569 |
|
|
|
561 |
|
| 3.50%, 05/01/2035 |
|
|
494 |
|
|
|
487 |
|
| 3.50%, 12/01/2035 |
|
|
48 |
|
|
|
47 |
|
| 3.50%, 02/01/2036 |
|
|
165 |
|
|
|
162 |
|
| 4.00%, 07/01/2025 |
|
|
4 |
|
|
|
4 |
|
| 4.00%, 05/01/2026 |
|
|
5 |
|
|
|
5 |
|
| 4.00%, 07/01/2029 |
|
|
100 |
|
|
|
99 |
|
| 4.00%, 11/01/2033 |
|
|
18 |
|
|
|
18 |
|
| 4.00%, 01/01/2034 |
|
|
12 |
|
|
|
12 |
|
| 4.00%, 08/01/2037 |
|
|
123 |
|
|
|
122 |
|
| 4.00%, 02/01/2038 |
|
|
127 |
|
|
|
127 |
|
| FHLMC Pool, Single Family, 20 years, |
|
|
|
|
|
|
|
|
| 3.00%, 07/01/2042 |
|
|
329 |
|
|
|
305 |
|
| 3.00%, 08/01/2042 |
|
|
114 |
|
|
|
106 |
|
| 3.50%, 06/01/2039 |
|
|
228 |
|
|
|
220 |
|
| 3.50%, 07/01/2039 |
|
|
131 |
|
|
|
127 |
|
| 3.50%, 08/01/2039 |
|
|
504 |
|
|
|
485 |
|
| 3.50%, 09/01/2039 |
|
|
318 |
|
|
|
307 |
|
| FHLMC Pool, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| 1.50%, 02/01/2051 |
|
|
25 |
|
|
|
20 |
|
| 1.50%, 04/01/2051 |
|
|
46 |
|
|
|
37 |
|
| 1.50%, 05/01/2051 |
|
|
5,122 |
|
|
|
4,054 |
|
| 1.50%, 07/01/2051 |
|
|
858 |
|
|
|
679 |
|
| 2.00%, 09/01/2050 |
|
|
664 |
|
|
|
554 |
|
| 2.00%, 10/01/2050 |
|
|
4,119 |
|
|
|
3,438 |
|
| 2.00%, 02/01/2051 |
|
|
3,695 |
|
|
|
3,082 |
|
| 2.00%, 03/01/2051 |
|
|
2,687 |
|
|
|
2,249 |
|
| 2.00%, 05/01/2051 |
|
|
10,565 |
|
|
|
8,789 |
|
| 2.00%, 06/01/2051 |
|
|
1,253 |
|
|
|
1,044 |
|
| 2.00%, 07/01/2051 |
|
|
1,279 |
|
|
|
1,072 |
|
| 2.00%, 10/01/2051 |
|
|
1,643 |
|
|
|
1,380 |
|
| 2.00%, 11/01/2051 |
|
|
5,311 |
|
|
|
4,444 |
|
| 2.00%, 12/01/2051 |
|
|
4,195 |
|
|
|
3,479 |
|
| 2.00%, 01/01/2052 |
|
|
456 |
|
|
|
379 |
|
| 2.00%, 02/01/2052 |
|
|
2,039 |
|
|
|
1,693 |
|
| 2.00%, 03/01/2052 |
|
|
5,170 |
|
|
|
4,283 |
|
| 2.50%, 11/01/2050 (gg) |
|
|
21,265 |
|
|
|
18,457 |
|
| 2.50%, 12/01/2050 |
|
|
730 |
|
|
|
636 |
|
| 2.50%, 02/01/2051 |
|
|
11,598 |
|
|
|
10,088 |
|
| 2.50%, 04/01/2051 |
|
|
379 |
|
|
|
327 |
|
| 2.50%, 08/01/2051 (gg) |
|
|
13,994 |
|
|
|
12,255 |
|
| 2.50%, 11/01/2051 |
|
|
714 |
|
|
|
625 |
|
| 2.50%, 02/01/2052 |
|
|
2,155 |
|
|
|
1,865 |
|
| 2.50%, 03/01/2052 |
|
|
1,614 |
|
|
|
1,405 |
|
| 2.50%, 04/01/2052 |
|
|
193 |
|
|
|
168 |
|
| 3.00%, 02/01/2049 |
|
|
1,980 |
|
|
|
1,829 |
|
| 3.00%, 11/01/2049 |
|
|
1,419 |
|
|
|
1,301 |
|
| 3.00%, 05/01/2050 |
|
|
3,218 |
|
|
|
2,954 |
|
| 3.00%, 07/01/2050 |
|
|
1,651 |
|
|
|
1,494 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 3.00%, 08/01/2050 |
|
|
3,589 |
|
|
|
3,282 |
|
| 3.00%, 10/01/2050 |
|
|
729 |
|
|
|
665 |
|
| 3.00%, 12/01/2050 |
|
|
238 |
|
|
|
217 |
|
| 3.00%, 06/01/2051 |
|
|
2,969 |
|
|
|
2,679 |
|
| 3.00%, 07/01/2051 |
|
|
5,581 |
|
|
|
5,103 |
|
| 3.00%, 11/01/2051 |
|
|
8,324 |
|
|
|
7,494 |
|
| 3.00%, 12/01/2051 |
|
|
3,518 |
|
|
|
3,161 |
|
| 3.00%, 02/01/2052 |
|
|
933 |
|
|
|
838 |
|
| 3.00%, 03/01/2052 |
|
|
2,716 |
|
|
|
2,445 |
|
| 3.00%, 04/01/2052 |
|
|
4,422 |
|
|
|
3,990 |
|
| 3.00%, 05/01/2052 |
|
|
1,707 |
|
|
|
1,533 |
|
| 3.50%, 03/01/2042 |
|
|
2 |
|
|
|
2 |
|
| 3.50%, 09/01/2042 |
|
|
2,059 |
|
|
|
1,967 |
|
| 3.50%, 07/01/2043 |
|
|
2 |
|
|
|
2 |
|
| 3.50%, 11/01/2047 |
|
|
299 |
|
|
|
282 |
|
| 3.50%, 02/01/2048 |
|
|
1,557 |
|
|
|
1,469 |
|
| 3.50%, 03/01/2048 |
|
|
262 |
|
|
|
248 |
|
| 3.50%, 05/01/2048 |
|
|
3,394 |
|
|
|
3,201 |
|
| 3.50%, 06/01/2048 |
|
|
4 |
|
|
|
3 |
|
| 3.50%, 01/01/2049 |
|
|
35 |
|
|
|
33 |
|
| 3.50%, 02/01/2049 |
|
|
482 |
|
|
|
458 |
|
| 3.50%, 09/01/2049 |
|
|
1,973 |
|
|
|
1,864 |
|
| 3.50%, 10/01/2049 |
|
|
1,819 |
|
|
|
1,718 |
|
| 3.50%, 04/01/2050 |
|
|
2,662 |
|
|
|
2,518 |
|
| 4.00%, 05/01/2045 |
|
|
3,999 |
|
|
|
3,914 |
|
| 4.00%, 10/01/2048 |
|
|
2,466 |
|
|
|
2,397 |
|
| 4.00%, 04/01/2049 |
|
|
2,028 |
|
|
|
1,971 |
|
| 4.00%, 09/01/2049 |
|
|
1,280 |
|
|
|
1,251 |
|
| 4.00%, 05/01/2050 |
|
|
933 |
|
|
|
904 |
|
| 4.00%, 08/01/2050 |
|
|
984 |
|
|
|
954 |
|
| 4.00%, 09/01/2050 |
|
|
8,482 |
|
|
|
8,235 |
|
| 4.00%, 04/01/2052 |
|
|
53 |
|
|
|
51 |
|
| 4.00%, 06/01/2052 |
|
|
879 |
|
|
|
846 |
|
| 4.00%, 07/01/2052 |
|
|
891 |
|
|
|
856 |
|
| 4.00%, 08/01/2052 |
|
|
1,595 |
|
|
|
1,534 |
|
| 4.00%, 09/01/2052 |
|
|
533 |
|
|
|
512 |
|
| 4.00%, 10/01/2052 |
|
|
531 |
|
|
|
515 |
|
| 4.00%, 02/01/2053 |
|
|
436 |
|
|
|
423 |
|
| 4.50%, 12/01/2047 |
|
|
155 |
|
|
|
155 |
|
| 4.50%, 04/01/2048 |
|
|
338 |
|
|
|
338 |
|
| 4.50%, 08/01/2048 |
|
|
19 |
|
|
|
18 |
|
| 4.50%, 09/01/2048 |
|
|
624 |
|
|
|
619 |
|
| 4.50%, 08/01/2049 |
|
|
1,171 |
|
|
|
1,174 |
|
| 4.50%, 09/01/2050 |
|
|
814 |
|
|
|
807 |
|
| 4.50%, 10/01/2050 |
|
|
3,142 |
|
|
|
3,111 |
|
| 4.50%, 07/01/2052 |
|
|
196 |
|
|
|
193 |
|
| 4.50%, 08/01/2052 |
|
|
479 |
|
|
|
471 |
|
| 4.50%, 12/01/2052 |
|
|
1,646 |
|
|
|
1,638 |
|
| 4.50%, 08/01/2053 |
|
|
93 |
|
|
|
91 |
|
| 5.00%, 12/01/2049 |
|
|
348 |
|
|
|
356 |
|
| 5.00%, 08/01/2052 |
|
|
235 |
|
|
|
236 |
|
| 5.00%, 09/01/2052 |
|
|
556 |
|
|
|
561 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/2052 |
|
|
269 |
|
|
|
269 |
|
| 5.00%, 11/01/2052 |
|
|
228 |
|
|
|
228 |
|
| 5.00%, 01/01/2053 |
|
|
3,844 |
|
|
|
3,883 |
|
| 5.00%, 04/01/2053 |
|
|
1,259 |
|
|
|
1,260 |
|
| 5.00%, 06/01/2053 |
|
|
183 |
|
|
|
184 |
|
| 5.50%, 11/01/2052 |
|
|
379 |
|
|
|
389 |
|
| 5.50%, 12/01/2052 |
|
|
1,145 |
|
|
|
1,171 |
|
| 5.50%, 01/01/2053 |
|
|
816 |
|
|
|
833 |
|
| 5.50%, 02/01/2053 |
|
|
541 |
|
|
|
553 |
|
| 5.50%, 03/01/2053 |
|
|
529 |
|
|
|
539 |
|
| 5.50%, 04/01/2053 |
|
|
379 |
|
|
|
385 |
|
| 5.50%, 05/01/2053 |
|
|
1,862 |
|
|
|
1,891 |
|
| 5.50%, 06/01/2053 |
|
|
101 |
|
|
|
103 |
|
| 5.50%, 03/01/2054 |
|
|
2,508 |
|
|
|
2,541 |
|
| 5.50%, 05/01/2054 |
|
|
3,943 |
|
|
|
4,030 |
|
| 5.50%, 08/01/2054 |
|
|
488 |
|
|
|
497 |
|
| 6.00%, 06/01/2053 |
|
|
320 |
|
|
|
330 |
|
| 6.00%, 08/01/2053 |
|
|
2,778 |
|
|
|
2,879 |
|
| 6.00%, 09/01/2053 |
|
|
852 |
|
|
|
877 |
|
| 6.00%, 02/01/2054 |
|
|
453 |
|
|
|
468 |
|
| 6.00%, 04/01/2054 |
|
|
353 |
|
|
|
367 |
|
| 6.00%, 05/01/2054 |
|
|
4,334 |
|
|
|
4,473 |
|
| 6.00%, 07/01/2054 |
|
|
807 |
|
|
|
833 |
|
| 6.50%, 09/01/2053 |
|
|
764 |
|
|
|
790 |
|
| 6.50%, 10/01/2053 |
|
|
489 |
|
|
|
507 |
|
| 6.50%, 11/01/2053 |
|
|
219 |
|
|
|
226 |
|
| 6.50%, 12/01/2053 |
|
|
1,241 |
|
|
|
1,285 |
|
| 6.50%, 01/01/2054 |
|
|
102 |
|
|
|
105 |
|
| 6.50%, 02/01/2054 |
|
|
228 |
|
|
|
235 |
|
| 6.50%, 05/01/2054 |
|
|
708 |
|
|
|
738 |
|
| 7.00%, 07/01/2054 |
|
|
300 |
|
|
|
312 |
|
| FNMA or FHLMC, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| TBA, 1.50%, 10/01/2054 (w) |
|
|
1,241 |
|
|
|
1,108 |
|
| TBA, 2.00%, 10/01/2052 (w) |
|
|
1,550 |
|
|
|
1,418 |
|
| TBA, 2.50%, 10/25/2037 (w) |
|
|
3,275 |
|
|
|
3,071 |
|
| TBA, 3.00%, 10/01/2039 (w) |
|
|
3,375 |
|
|
|
3,236 |
|
| TBA, 3.50%, 10/01/2054 (w) |
|
|
4,350 |
|
|
|
4,260 |
|
| TBA, 4.00%, 10/01/2039 (w) |
|
|
3,125 |
|
|
|
3,104 |
|
| TBA, 4.50%, 10/01/2039 (w) |
|
|
6,800 |
|
|
|
6,818 |
|
| TBA, 5.50%, 10/01/2043 (w) |
|
|
3,000 |
|
|
|
3,065 |
|
| FNMA or FHLMC, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| TBA, 1.50%, 10/15/2052 (w) |
|
|
7,300 |
|
|
|
5,768 |
|
| TBA, 2.00%, 10/01/2054 (w) |
|
|
9,025 |
|
|
|
7,463 |
|
| TBA, 2.00%, 11/01/2054 (w) |
|
|
92,000 |
|
|
|
76,195 |
|
| TBA, 2.50%, 10/01/2052 (w) |
|
|
20,775 |
|
|
|
17,923 |
|
| TBA, 3.00%, 10/01/2054 (w) |
|
|
21,478 |
|
|
|
19,282 |
|
| TBA, 3.50%, 10/01/2054 (w) |
|
|
66,904 |
|
|
|
62,270 |
|
| TBA, 4.00%, 10/01/2054 (w) |
|
|
44,775 |
|
|
|
42,966 |
|
| TBA, 4.00%, 11/01/2054 (w) |
|
|
72,400 |
|
|
|
69,534 |
|
| TBA, 4.50%, 11/01/2042 (w) |
|
|
6,075 |
|
|
|
5,973 |
|
| TBA, 4.50%, 10/01/2054 (w) |
|
|
5,393 |
|
|
|
5,300 |
|
| TBA, 5.00%, 10/01/2054 (w) |
|
|
49,479 |
|
|
|
49,429 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| TBA, 5.00%, 11/01/2054 (w) |
|
|
13,400 |
|
|
|
13,388 |
|
| TBA, 5.50%, 11/01/2050 (w) |
|
|
39,400 |
|
|
|
39,871 |
|
| TBA, 5.50%, 10/01/2054 (w) |
|
|
6,443 |
|
|
|
6,520 |
|
| TBA, 6.00%, 10/01/2054 (w) |
|
|
49,800 |
|
|
|
50,915 |
|
| TBA, 6.00%, 11/01/2054 (w) |
|
|
153,700 |
|
|
|
157,135 |
|
| TBA, 6.50%, 11/01/2041 (w) |
|
|
35,700 |
|
|
|
36,785 |
|
| TBA, 6.50%, 10/01/2054 (w) |
|
|
5,625 |
|
|
|
5,798 |
|
| TBA, 7.00%, 10/01/2054 (w) |
|
|
4,000 |
|
|
|
4,156 |
|
| FNMA Pool, |
|
|
|
|
|
|
|
|
| 1.41%, 01/01/2031 |
|
|
5,000 |
|
|
|
4,240 |
|
| 2.00%, 11/01/2027 |
|
|
219 |
|
|
|
213 |
|
| 2.32%, 01/01/2026 |
|
|
2,042 |
|
|
|
1,988 |
|
| 2.92%, 10/01/2025 (z) (gg) |
|
|
6,654 |
|
|
|
6,568 |
|
| 3.00%, 12/01/2042 |
|
|
223 |
|
|
|
205 |
|
| 3.00%, 06/01/2043 |
|
|
951 |
|
|
|
859 |
|
| 3.00%, 05/01/2045 |
|
|
295 |
|
|
|
266 |
|
| 3.00%, 07/01/2045 |
|
|
31 |
|
|
|
28 |
|
| 3.00%, 11/01/2046 |
|
|
29 |
|
|
|
26 |
|
| 3.00%, 03/01/2060 |
|
|
15,481 |
|
|
|
13,746 |
|
| 3.01%, 04/01/2032 |
|
|
4,035 |
|
|
|
3,751 |
|
| 3.02%, 03/01/2028 |
|
|
400 |
|
|
|
388 |
|
| 3.15%, 03/01/2026 |
|
|
3,900 |
|
|
|
3,839 |
|
| 3.29%, 04/01/2027 |
|
|
2,600 |
|
|
|
2,554 |
|
| 3.29%, 03/01/2028 |
|
|
1,400 |
|
|
|
1,367 |
|
| 3.43%, 05/01/2028 |
|
|
500 |
|
|
|
489 |
|
| 3.44%, 01/01/2037 |
|
|
309 |
|
|
|
289 |
|
| 3.50%, 09/01/2027 |
|
|
72 |
|
|
|
71 |
|
| 3.50%, 12/01/2028 |
|
|
41 |
|
|
|
41 |
|
| 3.50%, 08/01/2032 |
|
|
48 |
|
|
|
46 |
|
| 3.50%, 12/01/2042 |
|
|
132 |
|
|
|
125 |
|
| 3.50%, 04/01/2043 |
|
|
190 |
|
|
|
180 |
|
| 3.50%, 11/01/2043 |
|
|
92 |
|
|
|
88 |
|
| 3.50%, 02/01/2045 |
|
|
230 |
|
|
|
219 |
|
| 3.50%, 02/01/2048 |
|
|
695 |
|
|
|
649 |
|
| 3.50%, 09/01/2048 |
|
|
71 |
|
|
|
66 |
|
| 3.50%, 07/01/2049 |
|
|
279 |
|
|
|
258 |
|
| 3.59%, 12/01/2025 |
|
|
3,900 |
|
|
|
3,859 |
|
| 4.00%, 04/01/2041 |
|
|
104 |
|
|
|
104 |
|
| 4.00%, 08/01/2046 |
|
|
90 |
|
|
|
89 |
|
| 4.13%, 08/01/2031 |
|
|
2,290 |
|
|
|
2,284 |
|
| 4.14%, 04/01/2028 |
|
|
521 |
|
|
|
523 |
|
| 4.25%, 01/01/2033 |
|
|
3,820 |
|
|
|
3,834 |
|
| 4.39%, 04/01/2033 |
|
|
552 |
|
|
|
557 |
|
| 4.50%, 06/01/2030 |
|
|
100 |
|
|
|
102 |
|
| 4.55%, 05/01/2028 |
|
|
100 |
|
|
|
102 |
|
| 4.59%, 06/01/2033 |
|
|
1,173 |
|
|
|
1,201 |
|
| 4.62%, 08/01/2031 |
|
|
200 |
|
|
|
205 |
|
| 4.64%, 09/01/2028 |
|
|
229 |
|
|
|
234 |
|
| 4.70%, 08/01/2031 |
|
|
1,700 |
|
|
|
1,756 |
|
| 4.79%, 06/01/2033 |
|
|
1,280 |
|
|
|
1,320 |
|
| 4.82%, 09/01/2028 |
|
|
700 |
|
|
|
720 |
|
| 4.83%, 06/01/2030 |
|
|
3,310 |
|
|
|
3,436 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 4.83%, 12/01/2031 |
|
|
1,838 |
|
|
|
1,914 |
|
| 4.83%, 12/01/2032 |
|
|
3,252 |
|
|
|
3,379 |
|
| 4.88%, 06/01/2028 |
|
|
5,168 |
|
|
|
5,309 |
|
| 4.88%, 09/01/2028 |
|
|
1,101 |
|
|
|
1,133 |
|
| 4.90%, 10/01/2028 |
|
|
355 |
|
|
|
365 |
|
| 4.94%, 05/01/2031 |
|
|
1,076 |
|
|
|
1,116 |
|
| 4.99%, 03/01/2031 |
|
|
496 |
|
|
|
512 |
|
| 5.09%, 02/01/2031 |
|
|
1,741 |
|
|
|
1,818 |
|
| 5.17%, 08/01/2034 |
|
|
742 |
|
|
|
784 |
|
| 5.24%, 11/01/2031 |
|
|
1,143 |
|
|
|
1,207 |
|
| 5.27%, 03/01/2031 |
|
|
725 |
|
|
|
764 |
|
| 5.42%, 08/01/2030 |
|
|
3,845 |
|
|
|
4,067 |
|
| 5.57%, 10/01/2028 |
|
|
435 |
|
|
|
449 |
|
| 5.73%, 12/01/2033 |
|
|
700 |
|
|
|
771 |
|
| 5.75%, 06/01/2034 |
|
|
1,144 |
|
|
|
1,264 |
|
| 5.80%, 05/01/2033 |
|
|
995 |
|
|
|
1,095 |
|
| FNMA Pool, 30 years, FHA/VA, 3.00%, 01/01/2047 |
|
|
738 |
|
|
|
680 |
|
| FNMA Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 1.50%, 10/01/2036 |
|
|
468 |
|
|
|
419 |
|
| 1.50%, 11/01/2036 |
|
|
415 |
|
|
|
372 |
|
| 1.50%, 03/01/2037 |
|
|
414 |
|
|
|
370 |
|
| 1.50%, 05/01/2037 |
|
|
167 |
|
|
|
149 |
|
| 1.50%, 08/01/2037 |
|
|
459 |
|
|
|
410 |
|
| 2.00%, 02/01/2028 |
|
|
9 |
|
|
|
9 |
|
| 2.00%, 09/01/2028 |
|
|
80 |
|
|
|
77 |
|
| 2.00%, 11/01/2028 |
|
|
74 |
|
|
|
71 |
|
| 2.00%, 07/01/2032 |
|
|
8 |
|
|
|
7 |
|
| 2.00%, 12/01/2035 |
|
|
701 |
|
|
|
646 |
|
| 2.00%, 02/01/2036 |
|
|
5,258 |
|
|
|
4,835 |
|
| 2.00%, 03/01/2036 |
|
|
400 |
|
|
|
368 |
|
| 2.00%, 08/01/2036 |
|
|
993 |
|
|
|
913 |
|
| 2.00%, 10/01/2036 |
|
|
310 |
|
|
|
284 |
|
| 2.00%, 11/01/2036 |
|
|
2,029 |
|
|
|
1,866 |
|
| 2.00%, 12/01/2036 |
|
|
1,041 |
|
|
|
955 |
|
| 2.00%, 01/01/2037 |
|
|
497 |
|
|
|
457 |
|
| 2.00%, 02/01/2037 |
|
|
855 |
|
|
|
783 |
|
| 2.00%, 04/01/2037 |
|
|
996 |
|
|
|
916 |
|
| 2.00%, 05/01/2037 |
|
|
621 |
|
|
|
568 |
|
| 2.50%, 08/01/2035 |
|
|
203 |
|
|
|
192 |
|
| 2.50%, 03/01/2036 |
|
|
1,871 |
|
|
|
1,768 |
|
| 2.50%, 07/01/2036 |
|
|
742 |
|
|
|
697 |
|
| 2.50%, 08/01/2036 |
|
|
115 |
|
|
|
108 |
|
| 2.50%, 03/01/2037 |
|
|
216 |
|
|
|
203 |
|
| 2.50%, 04/01/2037 |
|
|
444 |
|
|
|
416 |
|
| 2.50%, 05/01/2037 |
|
|
116 |
|
|
|
108 |
|
| 3.00%, 10/01/2026 |
|
|
35 |
|
|
|
35 |
|
| 3.00%, 11/01/2026 |
|
|
526 |
|
|
|
518 |
|
| 3.00%, 12/01/2026 |
|
|
68 |
|
|
|
67 |
|
| 3.00%, 01/01/2027 |
|
|
720 |
|
|
|
709 |
|
| 3.00%, 02/01/2027 |
|
|
147 |
|
|
|
145 |
|
| 3.00%, 04/01/2027 |
|
|
273 |
|
|
|
268 |
|
| 3.00%, 11/01/2027 |
|
|
19 |
|
|
|
19 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 3.00%, 02/01/2028 |
|
|
128 |
|
|
|
126 |
|
| 3.00%, 10/01/2029 |
|
|
39 |
|
|
|
38 |
|
| 3.00%, 03/01/2030 |
|
|
28 |
|
|
|
27 |
|
| 3.00%, 05/01/2030 |
|
|
12 |
|
|
|
12 |
|
| 3.00%, 07/01/2030 |
|
|
14 |
|
|
|
13 |
|
| 3.00%, 09/01/2030 |
|
|
450 |
|
|
|
440 |
|
| 3.00%, 12/01/2030 |
|
|
21 |
|
|
|
20 |
|
| 3.00%, 04/01/2031 |
|
|
77 |
|
|
|
75 |
|
| 3.00%, 12/01/2031 |
|
|
178 |
|
|
|
174 |
|
| 3.00%, 02/01/2032 |
|
|
285 |
|
|
|
277 |
|
| 3.00%, 03/01/2032 |
|
|
278 |
|
|
|
270 |
|
| 3.00%, 04/01/2032 |
|
|
1,370 |
|
|
|
1,329 |
|
| 3.00%, 05/01/2032 |
|
|
413 |
|
|
|
401 |
|
| 3.00%, 07/01/2032 |
|
|
896 |
|
|
|
871 |
|
| 3.00%, 08/01/2032 |
|
|
355 |
|
|
|
344 |
|
| 3.00%, 11/01/2032 |
|
|
711 |
|
|
|
691 |
|
| 3.00%, 01/01/2033 |
|
|
52 |
|
|
|
51 |
|
| 3.00%, 07/01/2033 |
|
|
89 |
|
|
|
86 |
|
| 3.00%, 02/01/2034 |
|
|
1,039 |
|
|
|
1,009 |
|
| 3.00%, 09/01/2034 |
|
|
401 |
|
|
|
388 |
|
| 3.00%, 12/01/2035 |
|
|
392 |
|
|
|
380 |
|
| 3.50%, 12/01/2025 |
|
|
52 |
|
|
|
51 |
|
| 3.50%, 01/01/2026 |
|
|
171 |
|
|
|
169 |
|
| 3.50%, 07/01/2031 |
|
|
47 |
|
|
|
46 |
|
| 3.50%, 07/01/2034 |
|
|
278 |
|
|
|
275 |
|
| 3.50%, 03/01/2035 |
|
|
1,101 |
|
|
|
1,088 |
|
| 3.50%, 04/01/2035 |
|
|
683 |
|
|
|
672 |
|
| 3.50%, 05/01/2035 |
|
|
62 |
|
|
|
61 |
|
| 3.50%, 06/01/2035 |
|
|
217 |
|
|
|
214 |
|
| 4.00%, 03/01/2025 |
|
|
6 |
|
|
|
6 |
|
| 4.00%, 06/01/2026 |
|
|
29 |
|
|
|
29 |
|
| 4.00%, 08/01/2026 |
|
|
16 |
|
|
|
16 |
|
| 4.00%, 08/01/2027 |
|
|
18 |
|
|
|
17 |
|
| 4.00%, 12/01/2028 |
|
|
15 |
|
|
|
15 |
|
| 4.00%, 04/01/2033 |
|
|
402 |
|
|
|
402 |
|
| 4.00%, 10/01/2033 |
|
|
63 |
|
|
|
63 |
|
| 4.00%, 11/01/2033 |
|
|
37 |
|
|
|
37 |
|
| 4.00%, 12/01/2033 |
|
|
14 |
|
|
|
14 |
|
| 4.00%, 03/01/2035 |
|
|
402 |
|
|
|
399 |
|
| 4.00%, 09/01/2037 |
|
|
168 |
|
|
|
167 |
|
| 4.00%, 11/01/2037 |
|
|
243 |
|
|
|
242 |
|
| 4.00%, 05/01/2038 |
|
|
111 |
|
|
|
110 |
|
| 4.00%, 11/01/2038 |
|
|
70 |
|
|
|
70 |
|
| FNMA Pool, Single Family, 20 years, |
|
|
|
|
|
|
|
|
| 3.00%, 05/01/2042 |
|
|
674 |
|
|
|
624 |
|
| 3.00%, 06/01/2042 |
|
|
350 |
|
|
|
324 |
|
| 3.00%, 07/01/2042 |
|
|
1,268 |
|
|
|
1,181 |
|
| 3.50%, 03/01/2037 |
|
|
404 |
|
|
|
393 |
|
| 3.50%, 08/01/2038 |
|
|
92 |
|
|
|
89 |
|
| 3.50%, 04/01/2039 |
|
|
11 |
|
|
|
11 |
|
| 3.50%, 08/01/2039 |
|
|
143 |
|
|
|
138 |
|
| 4.50%, 06/01/2039 |
|
|
27 |
|
|
|
27 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 4.50%, 07/01/2043 |
|
|
922 |
|
|
|
927 |
|
| FNMA Pool, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| 1.50%, 11/01/2050 |
|
|
1,259 |
|
|
|
997 |
|
| 1.50%, 06/01/2051 |
|
|
1,879 |
|
|
|
1,489 |
|
| 1.50%, 07/01/2051 |
|
|
1,160 |
|
|
|
919 |
|
| 1.50%, 04/01/2052 |
|
|
884 |
|
|
|
699 |
|
| 2.00%, 07/01/2050 |
|
|
1,336 |
|
|
|
1,115 |
|
| 2.00%, 09/01/2050 |
|
|
1,165 |
|
|
|
975 |
|
| 2.00%, 10/01/2050 |
|
|
887 |
|
|
|
740 |
|
| 2.00%, 12/01/2050 |
|
|
7,386 |
|
|
|
6,159 |
|
| 2.00%, 01/01/2051 |
|
|
3,718 |
|
|
|
3,113 |
|
| 2.00%, 02/01/2051 |
|
|
1,250 |
|
|
|
1,041 |
|
| 2.00%, 03/01/2051 |
|
|
1,869 |
|
|
|
1,568 |
|
| 2.00%, 04/01/2051 |
|
|
3,392 |
|
|
|
2,842 |
|
| 2.00%, 05/01/2051 |
|
|
1,694 |
|
|
|
1,415 |
|
| 2.00%, 06/01/2051 |
|
|
5,507 |
|
|
|
4,603 |
|
| 2.00%, 07/01/2051 |
|
|
2,903 |
|
|
|
2,418 |
|
| 2.00%, 10/01/2051 |
|
|
17,672 |
|
|
|
14,708 |
|
| 2.00%, 11/01/2051 |
|
|
2,116 |
|
|
|
1,770 |
|
| 2.00%, 12/01/2051 |
|
|
17,873 |
|
|
|
14,832 |
|
| 2.00%, 05/01/2052 |
|
|
3,373 |
|
|
|
2,795 |
|
| 2.50%, 08/01/2046 |
|
|
4,631 |
|
|
|
4,124 |
|
| 2.50%, 08/01/2050 |
|
|
15 |
|
|
|
14 |
|
| 2.50%, 10/01/2050 |
|
|
10,703 |
|
|
|
9,302 |
|
| 2.50%, 12/01/2050 |
|
|
13,008 |
|
|
|
11,247 |
|
| 2.50%, 02/01/2051 |
|
|
1,822 |
|
|
|
1,588 |
|
| 2.50%, 03/01/2051 |
|
|
4,885 |
|
|
|
4,262 |
|
| 2.50%, 04/01/2051 |
|
|
6,086 |
|
|
|
5,282 |
|
| 2.50%, 07/01/2051 |
|
|
1,589 |
|
|
|
1,386 |
|
| 2.50%, 08/01/2051 |
|
|
3,514 |
|
|
|
3,071 |
|
| 2.50%, 09/01/2051 |
|
|
474 |
|
|
|
413 |
|
| 2.50%, 10/01/2051 |
|
|
2,989 |
|
|
|
2,592 |
|
| 2.50%, 11/01/2051 |
|
|
4,836 |
|
|
|
4,191 |
|
| 2.50%, 12/01/2051 |
|
|
14,107 |
|
|
|
12,299 |
|
| 2.50%, 01/01/2052 |
|
|
17,298 |
|
|
|
14,994 |
|
| 2.50%, 02/01/2052 |
|
|
988 |
|
|
|
859 |
|
| 2.50%, 03/01/2052 |
|
|
14,702 |
|
|
|
12,788 |
|
| 2.50%, 04/01/2052 |
|
|
4,387 |
|
|
|
3,821 |
|
| 2.50%, 05/01/2052 |
|
|
844 |
|
|
|
735 |
|
| 2.50%, 07/01/2052 |
|
|
466 |
|
|
|
405 |
|
| 3.00%, 08/01/2046 |
|
|
1,050 |
|
|
|
962 |
|
| 3.00%, 11/01/2046 |
|
|
2,800 |
|
|
|
2,598 |
|
| 3.00%, 02/01/2047 |
|
|
542 |
|
|
|
502 |
|
| 3.00%, 04/01/2048 |
|
|
5,507 |
|
|
|
5,109 |
|
| 3.00%, 01/01/2050 |
|
|
2,620 |
|
|
|
2,404 |
|
| 3.00%, 03/01/2050 |
|
|
1,378 |
|
|
|
1,262 |
|
| 3.00%, 06/01/2050 |
|
|
253 |
|
|
|
231 |
|
| 3.00%, 07/01/2050 |
|
|
11,438 |
|
|
|
10,405 |
|
| 3.00%, 08/01/2050 |
|
|
3,077 |
|
|
|
2,813 |
|
| 3.00%, 09/01/2050 |
|
|
285 |
|
|
|
259 |
|
| 3.00%, 11/01/2050 |
|
|
504 |
|
|
|
459 |
|
| 3.00%, 12/01/2050 |
|
|
3,606 |
|
|
|
3,290 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 3.00%, 01/01/2051 |
|
|
1,553 |
|
|
|
1,415 |
|
| 3.00%, 05/01/2051 |
|
|
10,126 |
|
|
|
9,178 |
|
| 3.00%, 06/01/2051 |
|
|
6,266 |
|
|
|
5,669 |
|
| 3.00%, 07/01/2051 |
|
|
1,725 |
|
|
|
1,563 |
|
| 3.00%, 08/01/2051 |
|
|
1,154 |
|
|
|
1,052 |
|
| 3.00%, 10/01/2051 |
|
|
2,939 |
|
|
|
2,645 |
|
| 3.00%, 11/01/2051 |
|
|
2,505 |
|
|
|
2,259 |
|
| 3.00%, 12/01/2051 |
|
|
2,436 |
|
|
|
2,190 |
|
| 3.00%, 02/01/2052 |
|
|
891 |
|
|
|
806 |
|
| 3.00%, 03/01/2052 |
|
|
471 |
|
|
|
429 |
|
| 3.00%, 04/01/2052 |
|
|
4,977 |
|
|
|
4,487 |
|
| 3.00%, 05/01/2052 |
|
|
1,312 |
|
|
|
1,180 |
|
| 3.50%, 07/01/2042 |
|
|
1 |
|
|
|
1 |
|
| 3.50%, 09/01/2042 |
|
|
143 |
|
|
|
137 |
|
| 3.50%, 05/01/2043 |
|
|
4 |
|
|
|
4 |
|
| 3.50%, 07/01/2043 |
|
|
6,248 |
|
|
|
5,975 |
|
| 3.50%, 08/01/2043 |
|
|
15,871 |
|
|
|
15,161 |
|
| 3.50%, 01/01/2044 |
|
|
193 |
|
|
|
185 |
|
| 3.50%, 10/01/2045 |
|
|
18 |
|
|
|
17 |
|
| 3.50%, 12/01/2045 |
|
|
1,788 |
|
|
|
1,687 |
|
| 3.50%, 07/01/2046 |
|
|
3,282 |
|
|
|
3,119 |
|
| 3.50%, 02/01/2047 |
|
|
3,573 |
|
|
|
3,410 |
|
| 3.50%, 07/01/2047 |
|
|
796 |
|
|
|
755 |
|
| 3.50%, 10/01/2047 |
|
|
1,203 |
|
|
|
1,135 |
|
| 3.50%, 02/01/2048 |
|
|
1,896 |
|
|
|
1,788 |
|
| 3.50%, 03/01/2048 |
|
|
167 |
|
|
|
158 |
|
| 3.50%, 03/01/2049 |
|
|
306 |
|
|
|
289 |
|
| 3.50%, 06/01/2049 |
|
|
3,338 |
|
|
|
3,149 |
|
| 3.50%, 08/01/2049 |
|
|
1,651 |
|
|
|
1,558 |
|
| 3.50%, 04/01/2050 |
|
|
157 |
|
|
|
148 |
|
| 3.50%, 05/01/2050 |
|
|
3,750 |
|
|
|
3,537 |
|
| 3.50%, 07/01/2050 |
|
|
8,697 |
|
|
|
8,114 |
|
| 3.50%, 01/01/2051 |
|
|
647 |
|
|
|
609 |
|
| 3.50%, 03/01/2052 (gg) |
|
|
11,293 |
|
|
|
10,685 |
|
| 3.50%, 05/01/2052 (gg) |
|
|
18,170 |
|
|
|
16,991 |
|
| 3.50%, 06/01/2052 |
|
|
4,198 |
|
|
|
3,935 |
|
| 3.50%, 07/01/2052 |
|
|
922 |
|
|
|
859 |
|
| 4.00%, 04/01/2039 |
|
|
1,102 |
|
|
|
1,093 |
|
| 4.00%, 03/01/2042 |
|
|
495 |
|
|
|
491 |
|
| 4.00%, 04/01/2043 |
|
|
199 |
|
|
|
196 |
|
| 4.00%, 04/01/2044 |
|
|
1,469 |
|
|
|
1,434 |
|
| 4.00%, 02/01/2045 |
|
|
211 |
|
|
|
208 |
|
| 4.00%, 08/01/2045 |
|
|
2,474 |
|
|
|
2,426 |
|
| 4.00%, 09/01/2046 |
|
|
120 |
|
|
|
119 |
|
| 4.00%, 09/01/2047 |
|
|
36 |
|
|
|
35 |
|
| 4.00%, 10/01/2047 |
|
|
442 |
|
|
|
430 |
|
| 4.00%, 03/01/2048 |
|
|
67 |
|
|
|
66 |
|
| 4.00%, 04/01/2048 |
|
|
389 |
|
|
|
379 |
|
| 4.00%, 06/01/2048 |
|
|
26 |
|
|
|
25 |
|
| 4.00%, 07/01/2048 |
|
|
4,152 |
|
|
|
4,061 |
|
| 4.00%, 08/01/2048 |
|
|
110 |
|
|
|
107 |
|
| 4.00%, 09/01/2048 |
|
|
260 |
|
|
|
253 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 4.00%, 03/01/2049 |
|
|
1,045 |
|
|
|
1,016 |
|
| 4.00%, 05/01/2049 |
|
|
5,154 |
|
|
|
5,096 |
|
| 4.00%, 06/01/2049 |
|
|
1,032 |
|
|
|
1,007 |
|
| 4.00%, 11/01/2049 |
|
|
435 |
|
|
|
424 |
|
| 4.00%, 05/01/2050 |
|
|
829 |
|
|
|
805 |
|
| 4.00%, 03/01/2051 |
|
|
2,216 |
|
|
|
2,127 |
|
| 4.00%, 05/01/2051 |
|
|
218 |
|
|
|
212 |
|
| 4.00%, 04/01/2052 |
|
|
54 |
|
|
|
52 |
|
| 4.00%, 05/01/2052 |
|
|
1,736 |
|
|
|
1,671 |
|
| 4.00%, 06/01/2052 |
|
|
602 |
|
|
|
579 |
|
| 4.00%, 07/01/2052 |
|
|
441 |
|
|
|
424 |
|
| 4.00%, 08/01/2052 |
|
|
1,908 |
|
|
|
1,834 |
|
| 4.00%, 09/01/2052 |
|
|
295 |
|
|
|
284 |
|
| 4.00%, 07/01/2053 |
|
|
433 |
|
|
|
421 |
|
| 4.50%, 05/01/2047 |
|
|
2 |
|
|
|
2 |
|
| 4.50%, 11/01/2047 |
|
|
556 |
|
|
|
554 |
|
| 4.50%, 01/01/2048 |
|
|
508 |
|
|
|
506 |
|
| 4.50%, 04/01/2048 |
|
|
25 |
|
|
|
24 |
|
| 4.50%, 08/01/2048 |
|
|
14 |
|
|
|
14 |
|
| 4.50%, 09/01/2048 |
|
|
404 |
|
|
|
403 |
|
| 4.50%, 02/01/2049 |
|
|
4,415 |
|
|
|
4,373 |
|
| 4.50%, 05/01/2049 |
|
|
395 |
|
|
|
393 |
|
| 4.50%, 08/01/2049 |
|
|
7 |
|
|
|
7 |
|
| 4.50%, 01/01/2050 |
|
|
149 |
|
|
|
150 |
|
| 4.50%, 04/01/2050 (gg) |
|
|
6,527 |
|
|
|
6,480 |
|
| 4.50%, 05/01/2052 |
|
|
20 |
|
|
|
20 |
|
| 4.50%, 06/01/2052 |
|
|
1,289 |
|
|
|
1,269 |
|
| 4.50%, 07/01/2052 (gg) |
|
|
8,657 |
|
|
|
8,519 |
|
| 4.50%, 08/01/2052 |
|
|
356 |
|
|
|
351 |
|
| 4.50%, 09/01/2052 |
|
|
2,104 |
|
|
|
2,069 |
|
| 4.50%, 10/01/2052 |
|
|
887 |
|
|
|
873 |
|
| 4.50%, 11/01/2052 |
|
|
3,067 |
|
|
|
3,019 |
|
| 4.50%, 12/01/2052 |
|
|
461 |
|
|
|
454 |
|
| 4.50%, 08/01/2053 |
|
|
270 |
|
|
|
266 |
|
| 5.00%, 09/01/2049 |
|
|
878 |
|
|
|
896 |
|
| 5.00%, 10/01/2052 |
|
|
530 |
|
|
|
536 |
|
| 5.00%, 11/01/2052 |
|
|
1,019 |
|
|
|
1,025 |
|
| 5.00%, 12/01/2052 |
|
|
519 |
|
|
|
523 |
|
| 5.00%, 01/01/2053 |
|
|
2,187 |
|
|
|
2,188 |
|
| 5.00%, 02/01/2053 |
|
|
1,331 |
|
|
|
1,330 |
|
| 5.00%, 03/01/2053 |
|
|
330 |
|
|
|
334 |
|
| 5.00%, 04/01/2053 |
|
|
902 |
|
|
|
902 |
|
| 5.00%, 05/01/2053 |
|
|
199 |
|
|
|
199 |
|
| 5.00%, 06/01/2053 |
|
|
251 |
|
|
|
255 |
|
| 5.00%, 07/01/2053 |
|
|
1,942 |
|
|
|
1,941 |
|
| 5.00%, 08/01/2053 |
|
|
1,096 |
|
|
|
1,094 |
|
| 5.50%, 09/01/2052 |
|
|
296 |
|
|
|
306 |
|
| 5.50%, 01/01/2053 |
|
|
431 |
|
|
|
445 |
|
| 5.50%, 02/01/2053 |
|
|
1,839 |
|
|
|
1,868 |
|
| 5.50%, 03/01/2053 |
|
|
1,408 |
|
|
|
1,445 |
|
| 5.50%, 04/01/2053 |
|
|
1,791 |
|
|
|
1,837 |
|
| 5.50%, 05/01/2053 |
|
|
1,659 |
|
|
|
1,689 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 5.50%, 06/01/2053 |
|
|
3,891 |
|
|
|
3,989 |
|
| 5.50%, 09/01/2053 |
|
|
351 |
|
|
|
366 |
|
| 5.50%, 04/01/2054 |
|
|
710 |
|
|
|
722 |
|
| 5.50%, 07/01/2054 |
|
|
391 |
|
|
|
398 |
|
| 5.50%, 08/01/2054 |
|
|
619 |
|
|
|
630 |
|
| 6.00%, 01/01/2053 |
|
|
2,157 |
|
|
|
2,208 |
|
| 6.00%, 07/01/2053 |
|
|
1,240 |
|
|
|
1,269 |
|
| 6.00%, 08/01/2053 |
|
|
468 |
|
|
|
488 |
|
| 6.00%, 09/01/2053 |
|
|
1,908 |
|
|
|
1,975 |
|
| 6.00%, 11/01/2053 |
|
|
2,196 |
|
|
|
2,258 |
|
| 6.00%, 12/01/2053 |
|
|
735 |
|
|
|
759 |
|
| 6.00%, 04/01/2054 |
|
|
2,215 |
|
|
|
2,281 |
|
| 6.00%, 08/01/2054 |
|
|
3,335 |
|
|
|
3,434 |
|
| 6.00%, 09/01/2054 |
|
|
1,540 |
|
|
|
1,578 |
|
| 6.50%, 10/01/2053 |
|
|
763 |
|
|
|
797 |
|
| 6.50%, 11/01/2053 |
|
|
1,895 |
|
|
|
1,959 |
|
| 6.50%, 12/01/2053 |
|
|
1,342 |
|
|
|
1,408 |
|
| 6.50%, 01/01/2054 |
|
|
1,556 |
|
|
|
1,615 |
|
| 6.50%, 02/01/2054 |
|
|
792 |
|
|
|
840 |
|
| 6.50%, 07/01/2054 |
|
|
759 |
|
|
|
787 |
|
| 6.50%, 08/01/2054 |
|
|
2,489 |
|
|
|
2,581 |
|
| GNMA I Pool, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| 3.00%, 10/15/2049 |
|
|
172 |
|
|
|
157 |
|
| 3.00%, 03/15/2050 |
|
|
14 |
|
|
|
13 |
|
| GNMA II Pool, |
|
|
|
|
|
|
|
|
| 2.50%, 12/20/2049 |
|
|
239 |
|
|
|
208 |
|
| 3.00%, 01/20/2047 |
|
|
1,142 |
|
|
|
1,039 |
|
| 3.00%, 02/20/2047 |
|
|
417 |
|
|
|
379 |
|
| 3.00%, 06/20/2047 |
|
|
474 |
|
|
|
431 |
|
| 3.00%, 07/20/2047 |
|
|
1,105 |
|
|
|
1,006 |
|
| 3.00%, 08/20/2047 |
|
|
463 |
|
|
|
421 |
|
| 3.00%, 09/20/2047 |
|
|
376 |
|
|
|
342 |
|
| 3.00%, 10/20/2047 |
|
|
386 |
|
|
|
351 |
|
| 3.00%, 12/20/2047 |
|
|
527 |
|
|
|
479 |
|
| 3.00%, 01/20/2048 |
|
|
535 |
|
|
|
487 |
|
| 3.00%, 08/20/2050 |
|
|
592 |
|
|
|
537 |
|
| 3.50%, 09/20/2042 |
|
|
2,233 |
|
|
|
2,088 |
|
| 3.50%, 08/20/2045 |
|
|
2,148 |
|
|
|
2,008 |
|
| 3.50%, 09/20/2045 |
|
|
658 |
|
|
|
615 |
|
| 3.50%, 12/20/2047 |
|
|
3,266 |
|
|
|
3,052 |
|
| 3.50%, 06/20/2048 |
|
|
45 |
|
|
|
42 |
|
| 3.50%, 07/20/2048 |
|
|
29 |
|
|
|
27 |
|
| 3.50%, 08/20/2049 |
|
|
89 |
|
|
|
82 |
|
| 3.50%, 11/20/2049 |
|
|
152 |
|
|
|
140 |
|
| 3.50%, 07/20/2050 |
|
|
148 |
|
|
|
136 |
|
| 4.00%, 11/20/2041 |
|
|
19 |
|
|
|
19 |
|
| 4.00%, 10/20/2050 |
|
|
328 |
|
|
|
313 |
|
| 4.50%, 08/20/2040 |
|
|
17 |
|
|
|
16 |
|
| 4.50%, 10/20/2040 |
|
|
36 |
|
|
|
36 |
|
| ARM, (CMT Index 1 Year + 1.84%), 6.93%, 07/20/2072 (aa) (gg) |
|
|
19,084 |
|
|
|
19,881 |
|
| ARM, (USD IBOR Consumer Cash Fallbacks 1 Month + 2.21%), 7.66%, 10/20/2071 (aa) (gg) |
|
|
7,397 |
|
|
|
7,616 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| ARM, (USD IBOR Consumer Cash Fallbacks 1 Month + 2.22%), 7.66%, 02/20/2071 (aa) |
|
|
2,389 |
|
|
|
2,463 |
|
| GNMA II Pool, Single Family, 15 years, 2.00%, 12/20/2035 |
|
|
2,560 |
|
|
|
2,367 |
|
| GNMA II Pool, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| 1.50%, 10/20/2051 |
|
|
283 |
|
|
|
232 |
|
| 2.00%, 07/20/2050 |
|
|
137 |
|
|
|
117 |
|
| 2.00%, 08/20/2050 |
|
|
4,475 |
|
|
|
3,805 |
|
| 2.00%, 11/20/2050 |
|
|
1,564 |
|
|
|
1,328 |
|
| 2.00%, 12/20/2050 |
|
|
2,602 |
|
|
|
2,209 |
|
| 2.00%, 01/20/2051 |
|
|
1,101 |
|
|
|
935 |
|
| 2.00%, 02/20/2051 |
|
|
951 |
|
|
|
807 |
|
| 2.00%, 10/20/2051 |
|
|
5,127 |
|
|
|
4,349 |
|
| 2.00%, 12/20/2051 |
|
|
5,069 |
|
|
|
4,300 |
|
| 2.00%, 01/20/2052 |
|
|
471 |
|
|
|
400 |
|
| 2.00%, 03/20/2052 |
|
|
1,287 |
|
|
|
1,092 |
|
| 2.00%, 04/20/2052 |
|
|
2,996 |
|
|
|
2,543 |
|
| 2.50%, 01/20/2051 |
|
|
283 |
|
|
|
249 |
|
| 2.50%, 02/20/2051 |
|
|
4,025 |
|
|
|
3,553 |
|
| 2.50%, 05/20/2051 |
|
|
5,862 |
|
|
|
5,170 |
|
| 2.50%, 07/20/2051 |
|
|
7,510 |
|
|
|
6,618 |
|
| 2.50%, 09/20/2051 (gg) |
|
|
10,775 |
|
|
|
9,491 |
|
| 2.50%, 11/20/2051 |
|
|
3,226 |
|
|
|
2,841 |
|
| 2.50%, 12/20/2051 |
|
|
3,541 |
|
|
|
3,119 |
|
| 2.50%, 03/20/2052 |
|
|
847 |
|
|
|
746 |
|
| 2.50%, 04/20/2052 |
|
|
425 |
|
|
|
374 |
|
| 2.50%, 05/20/2052 |
|
|
755 |
|
|
|
665 |
|
| 2.50%, 07/20/2052 |
|
|
246 |
|
|
|
217 |
|
| 2.50%, 08/20/2052 |
|
|
410 |
|
|
|
361 |
|
| 3.00%, 01/20/2043 |
|
|
401 |
|
|
|
373 |
|
| 3.00%, 11/20/2043 |
|
|
83 |
|
|
|
77 |
|
| 3.00%, 03/20/2045 |
|
|
87 |
|
|
|
81 |
|
| 3.00%, 09/20/2046 |
|
|
1,899 |
|
|
|
1,751 |
|
| 3.00%, 11/20/2046 |
|
|
1,167 |
|
|
|
1,078 |
|
| 3.00%, 10/20/2047 |
|
|
381 |
|
|
|
352 |
|
| 3.00%, 04/20/2049 |
|
|
29 |
|
|
|
27 |
|
| 3.00%, 04/20/2050 (gg) |
|
|
6,910 |
|
|
|
6,328 |
|
| 3.00%, 07/20/2050 |
|
|
5,864 |
|
|
|
5,349 |
|
| 3.00%, 08/20/2050 |
|
|
3,175 |
|
|
|
2,907 |
|
| 3.00%, 08/20/2051 |
|
|
583 |
|
|
|
532 |
|
| 3.00%, 10/20/2051 |
|
|
2,610 |
|
|
|
2,382 |
|
| 3.00%, 11/20/2051 |
|
|
3,274 |
|
|
|
2,987 |
|
| 3.00%, 12/20/2051 |
|
|
799 |
|
|
|
729 |
|
| 3.00%, 01/20/2052 (gg) |
|
|
7,525 |
|
|
|
6,866 |
|
| 3.00%, 02/20/2052 |
|
|
325 |
|
|
|
296 |
|
| 3.00%, 03/20/2052 |
|
|
1,071 |
|
|
|
968 |
|
| 3.00%, 09/20/2052 |
|
|
860 |
|
|
|
785 |
|
| 3.00%, 02/20/2053 |
|
|
3,025 |
|
|
|
2,768 |
|
| 3.50%, 09/20/2045 |
|
|
2,370 |
|
|
|
2,260 |
|
| 3.50%, 09/20/2047 |
|
|
3,041 |
|
|
|
2,882 |
|
| 3.50%, 08/20/2048 |
|
|
154 |
|
|
|
146 |
|
| 3.50%, 11/20/2048 |
|
|
185 |
|
|
|
175 |
|
| 3.50%, 12/20/2048 |
|
|
5 |
|
|
|
5 |
|
| 3.50%, 03/20/2049 |
|
|
889 |
|
|
|
841 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 3.50%, 07/20/2049 |
|
|
873 |
|
|
|
829 |
|
| 3.50%, 09/20/2049 |
|
|
1,100 |
|
|
|
1,039 |
|
| 3.50%, 10/20/2049 |
|
|
465 |
|
|
|
440 |
|
| 3.50%, 12/20/2049 |
|
|
367 |
|
|
|
347 |
|
| 3.50%, 01/20/2050 |
|
|
551 |
|
|
|
521 |
|
| 3.50%, 04/20/2050 |
|
|
109 |
|
|
|
103 |
|
| 3.50%, 01/20/2052 |
|
|
3,952 |
|
|
|
3,714 |
|
| 3.50%, 02/20/2052 |
|
|
2,354 |
|
|
|
2,210 |
|
| 3.50%, 05/20/2052 |
|
|
694 |
|
|
|
652 |
|
| 3.50%, 02/20/2053 |
|
|
3,078 |
|
|
|
2,901 |
|
| 4.00%, 07/20/2048 |
|
|
895 |
|
|
|
875 |
|
| 4.00%, 09/20/2048 |
|
|
1,523 |
|
|
|
1,488 |
|
| 4.00%, 11/20/2048 |
|
|
27 |
|
|
|
26 |
|
| 4.00%, 12/20/2048 |
|
|
770 |
|
|
|
750 |
|
| 4.00%, 05/20/2049 |
|
|
475 |
|
|
|
463 |
|
| 4.00%, 01/20/2050 |
|
|
849 |
|
|
|
827 |
|
| 4.00%, 03/20/2050 |
|
|
182 |
|
|
|
178 |
|
| 4.00%, 12/20/2050 |
|
|
2,198 |
|
|
|
2,146 |
|
| 4.00%, 07/20/2052 |
|
|
188 |
|
|
|
181 |
|
| 4.00%, 09/20/2052 |
|
|
1,692 |
|
|
|
1,636 |
|
| 4.00%, 12/20/2052 |
|
|
389 |
|
|
|
376 |
|
| 4.50%, 03/20/2047 |
|
|
419 |
|
|
|
417 |
|
| 4.50%, 06/20/2047 |
|
|
762 |
|
|
|
758 |
|
| 4.50%, 07/20/2047 |
|
|
1,324 |
|
|
|
1,327 |
|
| 4.50%, 10/20/2047 |
|
|
287 |
|
|
|
286 |
|
| 4.50%, 11/20/2047 |
|
|
974 |
|
|
|
967 |
|
| 4.50%, 05/20/2048 |
|
|
6,799 |
|
|
|
6,753 |
|
| 4.50%, 09/20/2048 |
|
|
601 |
|
|
|
582 |
|
| 4.50%, 11/20/2048 |
|
|
736 |
|
|
|
731 |
|
| 4.50%, 01/20/2049 |
|
|
1,650 |
|
|
|
1,649 |
|
| 4.50%, 03/20/2049 |
|
|
417 |
|
|
|
417 |
|
| 4.50%, 05/20/2049 |
|
|
231 |
|
|
|
229 |
|
| 4.50%, 10/20/2049 |
|
|
587 |
|
|
|
585 |
|
| 4.50%, 08/20/2052 |
|
|
1,483 |
|
|
|
1,466 |
|
| 4.50%, 06/20/2053 |
|
|
1,245 |
|
|
|
1,229 |
|
| 4.50%, 12/20/2053 |
|
|
392 |
|
|
|
387 |
|
| 5.00%, 12/20/2048 |
|
|
133 |
|
|
|
134 |
|
| 5.00%, 06/20/2049 |
|
|
291 |
|
|
|
295 |
|
| 5.00%, 07/20/2052 |
|
|
107 |
|
|
|
107 |
|
| 5.00%, 09/20/2052 |
|
|
815 |
|
|
|
818 |
|
| 5.00%, 12/20/2052 |
|
|
1,187 |
|
|
|
1,190 |
|
| 5.00%, 04/20/2053 |
|
|
1,115 |
|
|
|
1,119 |
|
| 5.00%, 05/20/2053 |
|
|
1,214 |
|
|
|
1,217 |
|
| 5.00%, 07/20/2053 |
|
|
1,810 |
|
|
|
1,815 |
|
| 5.50%, 12/20/2052 |
|
|
1,094 |
|
|
|
1,106 |
|
| 5.50%, 01/20/2053 |
|
|
135 |
|
|
|
136 |
|
| 5.50%, 03/20/2053 |
|
|
496 |
|
|
|
502 |
|
| 5.50%, 04/20/2053 |
|
|
1,281 |
|
|
|
1,295 |
|
| 5.50%, 06/20/2053 |
|
|
1,105 |
|
|
|
1,116 |
|
| 5.50%, 07/20/2053 |
|
|
389 |
|
|
|
396 |
|
| 5.50%, 08/20/2054 |
|
|
2,332 |
|
|
|
2,354 |
|
| 6.00%, 09/20/2053 |
|
|
606 |
|
|
|
618 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| 6.00%, 10/20/2053 |
|
|
928 |
|
|
|
945 |
|
| 6.00%, 08/20/2054 |
|
|
2,101 |
|
|
|
2,138 |
|
| 6.50%, 06/20/2054 |
|
|
1,982 |
|
|
|
2,029 |
|
| 6.50%, 07/20/2054 |
|
|
1,198 |
|
|
|
1,227 |
|
| 6.50%, 08/20/2054 |
|
|
673 |
|
|
|
689 |
|
| 7.00%, 01/20/2053 |
|
|
1,484 |
|
|
|
1,520 |
|
| 7.00%, 05/20/2054 |
|
|
4,766 |
|
|
|
4,888 |
|
| GNMA, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| TBA, 2.00%, 10/01/2054 (w) |
|
|
4,325 |
|
|
|
3,668 |
|
| TBA, 2.00%, 11/01/2054 (w) |
|
|
15,000 |
|
|
|
12,738 |
|
| TBA, 2.50%, 10/01/2054 (w) |
|
|
3,000 |
|
|
|
2,643 |
|
| TBA, 2.50%, 11/01/2054 (w) |
|
|
6,600 |
|
|
|
5,820 |
|
| TBA, 3.00%, 10/01/2054 (w) |
|
|
41,862 |
|
|
|
38,184 |
|
| TBA, 3.00%, 11/01/2054 (w) |
|
|
19,000 |
|
|
|
17,346 |
|
| TBA, 3.50%, 10/01/2054 (w) |
|
|
5,245 |
|
|
|
4,925 |
|
| TBA, 3.50%, 11/01/2054 (w) |
|
|
1,000 |
|
|
|
940 |
|
| TBA, 4.00%, 10/01/2054 (w) |
|
|
8,185 |
|
|
|
7,911 |
|
| TBA, 4.50%, 10/01/2054 (w) |
|
|
3,375 |
|
|
|
3,331 |
|
| TBA, 4.50%, 11/01/2054 (w) |
|
|
6,000 |
|
|
|
5,920 |
|
| TBA, 5.00%, 10/01/2054 (w) |
|
|
3,305 |
|
|
|
3,311 |
|
| TBA, 5.00%, 11/01/2054 (w) |
|
|
15,325 |
|
|
|
15,345 |
|
| TBA, 5.50%, 10/01/2054 (w) |
|
|
7,814 |
|
|
|
7,887 |
|
| TBA, 6.00%, 10/01/2054 (w) |
|
|
6,500 |
|
|
|
6,612 |
|
| TBA, 6.50%, 10/01/2054 (w) |
|
|
3,175 |
|
|
|
3,248 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Cost $1,925,669) |
|
|
|
|
|
|
1,849,072 |
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds — 0.1% (t) |
|
|
|
|
|
|
|
|
| Arizona — 0.0% (g) |
|
|
|
|
|
|
|
|
| Salt River Project Agricultural Improvement & Power District, Series A, Rev., 4.84%,
01/01/2041 |
|
|
100 |
|
|
|
98 |
|
|
|
|
|
|
|
|
|
|
| California — 0.0% (g) |
|
|
|
|
|
|
|
|
| California State University, Taxable Systemwide, Series E, Rev., 2.90%, 11/01/2051 |
|
|
15 |
|
|
|
11 |
|
| Regents of the University of California Medical Center Pooled Revenue, Build America Bonds, Series
F, Rev., 6.58%, 05/15/2049 |
|
|
100 |
|
|
|
115 |
|
| State of California, Taxable Construction Bond Bidding Group, GO, 1.75%, 11/01/2030 |
|
|
100 |
|
|
|
89 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
215 |
|
|
|
|
|
|
|
|
|
|
| District of Columbia — 0.1% |
|
|
|
|
|
|
|
|
| District of Columbia, Water & Sewer Authority, Senior Lien, Green Bonds, Series A, Rev., 4.81%, 10/01/2114 |
|
|
890 |
|
|
|
860 |
|
|
|
|
|
|
|
|
|
|
| Illinois — 0.0% (g) |
|
|
|
|
|
|
|
|
| State of Illinois, Taxable Pension, GO, 5.10%, 06/01/2033 |
|
|
94 |
|
|
|
96 |
|
|
|
|
|
|
|
|
|
|
| Louisiana — 0.0% (g) |
|
|
|
|
|
|
|
|
| State of Louisiana Gasoline & Fuels Tax Revenue, Taxable, Series A, Rev., 2.95%, 05/01/2041 |
|
|
1,450 |
|
|
|
1,168 |
|
|
|
|
|
|
|
|
|
|
| Maryland — 0.0% (g) |
|
|
|
|
|
|
|
|
| Maryland Economic Development Corp., Rev., 5.43%, 05/31/2056 |
|
|
1,560 |
|
|
|
1,622 |
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Michigan — 0.0% (g) |
|
|
|
|
|
|
|
|
| University of Michigan, Rev., 4.45%, 04/01/2122 |
|
|
1,000 |
|
|
|
880 |
|
|
|
|
|
|
|
|
|
|
| New York — 0.0% (g) |
|
|
|
|
|
|
|
|
| Port Authority of New York & New Jersey, |
|
|
|
|
|
|
|
|
| Rev., 5.07%, 07/15/2053 |
|
|
2,205 |
|
|
|
2,257 |
|
| Series 21, Rev., 3.29%, 08/01/2069 |
|
|
40 |
|
|
|
28 |
|
| Port Authority of New York & New Jersey, Taxable Consolidated 160, Rev., 5.65%, 11/01/2040 |
|
|
100 |
|
|
|
108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,393 |
|
|
|
|
|
|
|
|
|
|
| Oklahoma — 0.0% (g) |
|
|
|
|
|
|
|
|
| Oklahoma Development Finance Authority, Rev., 4.62%, 06/01/2044 |
|
|
10 |
|
|
|
10 |
|
|
|
|
|
|
|
|
|
|
| Oregon — 0.0% (g) |
|
|
|
|
|
|
|
|
| Oregon State University, Rev., BAM, 3.42%, 03/01/2060 |
|
|
10 |
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
| Texas — 0.0% (g) |
|
|
|
|
|
|
|
|
| Dallas Fort Worth International Airport, Taxable, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.09%, 11/01/2051 |
|
|
425 |
|
|
|
381 |
|
| Series C, Rev., 3.09%, 11/01/2040 |
|
|
100 |
|
|
|
82 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
463 |
|
|
|
|
|
|
|
|
|
|
| Virginia — 0.0% (g) |
|
|
|
|
|
|
|
|
| University of Virginia, Rev., 2.26%, 09/01/2050 |
|
|
1,480 |
|
|
|
924 |
|
| University of Virginia, Taxable, Series C, Rev., 4.18%, 09/01/2117 |
|
|
40 |
|
|
|
34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
958 |
|
|
|
|
|
|
|
|
|
|
Total Municipal Bonds
(Cost $9,499) |
|
|
|
|
|
|
8,771 |
|
|
|
|
|
|
|
|
|
|
| U.S. Government Agency Securities — 0.1% |
|
|
|
|
|
|
|
|
| Federal Agricultural Mortgage Corp., 2.00%, 10/27/2031 |
|
|
1,000 |
|
|
|
874 |
|
| Federal Farm Credit Banks Funding Corp., |
|
|
|
|
|
|
|
|
| 1.28%, 06/03/2030 |
|
|
540 |
|
|
|
468 |
|
| 1.30%, 11/04/2030 |
|
|
5 |
|
|
|
4 |
|
| 1.30%, 02/03/2031 |
|
|
1,235 |
|
|
|
1,046 |
|
| 1.43%, 12/11/2030 |
|
|
44 |
|
|
|
38 |
|
| 2.20%, 12/09/2031 |
|
|
1,030 |
|
|
|
911 |
|
| 2.20%, 01/12/2032 |
|
|
60 |
|
|
|
53 |
|
| 5.48%, 06/27/2042 |
|
|
1,000 |
|
|
|
1,000 |
|
| FHLBs, |
|
|
|
|
|
|
|
|
| 0.50%, 04/14/2025 |
|
|
25 |
|
|
|
24 |
|
| 1.00%, 03/23/2026 |
|
|
366 |
|
|
|
350 |
|
| 1.28%, 12/02/2030 |
|
|
15 |
|
|
|
13 |
|
| 1.30%, 02/11/2030 |
|
|
10 |
|
|
|
9 |
|
| 1.50%, 09/11/2029 |
|
|
110 |
|
|
|
98 |
|
| 1.85%, 06/11/2035 |
|
|
25 |
|
|
|
20 |
|
| 3.25%, 11/16/2028 |
|
|
25 |
|
|
|
25 |
|
| FHLMC, |
|
|
|
|
|
|
|
|
| Zero Coupon, 12/14/2029 |
|
|
710 |
|
|
|
584 |
|
| 0.38%, 07/21/2025 |
|
|
25 |
|
|
|
24 |
|
| 1.22%, 08/19/2030 |
|
|
215 |
|
|
|
184 |
|
| 1.25%, 11/19/2030 |
|
|
10 |
|
|
|
9 |
|
| 1.38%, 07/15/2030 |
|
|
17 |
|
|
|
15 |
|
| 1.40%, 06/28/2030 |
|
|
30 |
|
|
|
26 |
|
| 1.50%, 02/12/2025 |
|
|
25 |
|
|
|
25 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| U.S. Government Agency Securities — continued |
|
|
|
|
|
|
|
|
| 6.25%, 07/15/2032 |
|
|
7 |
|
|
|
8 |
|
| 6.75%, 03/15/2031 |
|
|
50 |
|
|
|
58 |
|
| FHLMC STRIPs, Zero Coupon, 03/15/2031 |
|
|
542 |
|
|
|
420 |
|
| FNMA, |
|
|
|
|
|
|
|
|
| Zero Coupon, 11/15/2030 |
|
|
445 |
|
|
|
350 |
|
| 0.88%, 08/05/2030 |
|
|
50 |
|
|
|
42 |
|
| 5.38%, 12/07/2028 |
|
GBP |
460 |
|
|
|
640 |
|
| Resolution Funding Corp. Interest STRIP, |
|
|
|
|
|
|
|
|
| Zero Coupon, 10/15/2027 |
|
|
129 |
|
|
|
115 |
|
| Zero Coupon, 10/15/2028 |
|
|
635 |
|
|
|
547 |
|
| Zero Coupon, 01/15/2030 |
|
|
1,750 |
|
|
|
1,428 |
|
| Zero Coupon, 04/15/2030 |
|
|
2,965 |
|
|
|
2,392 |
|
| Resolution Funding Corp. Principal STRIP, |
|
|
|
|
|
|
|
|
| Zero Coupon, 01/15/2030 |
|
|
1,050 |
|
|
|
857 |
|
| Zero Coupon, 04/15/2030 |
|
|
395 |
|
|
|
318 |
|
| Tennessee Valley Authority, 4.63%, 06/07/2043 |
|
GBP |
200 |
|
|
|
250 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Agency Securities
(Cost $13,443) |
|
|
|
|
|
|
13,225 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 6.8% |
|
|
|
|
|
|
|
|
| U.S. Treasury Bonds, |
|
|
|
|
|
|
|
|
| 1.13%, 05/15/2040 (jj) |
|
|
755 |
|
|
|
498 |
|
| 1.13%, 08/15/2040 |
|
|
35 |
|
|
|
23 |
|
| 1.25%, 05/15/2050 (jj) |
|
|
6,208 |
|
|
|
3,316 |
|
| 1.38%, 11/15/2040 |
|
|
203 |
|
|
|
138 |
|
| 1.38%, 08/15/2050 |
|
|
63 |
|
|
|
35 |
|
| 1.63%, 11/15/2050 |
|
|
462 |
|
|
|
271 |
|
| 1.75%, 08/15/2041 |
|
|
486 |
|
|
|
344 |
|
| 1.88%, 02/15/2041 |
|
|
46 |
|
|
|
34 |
|
| 1.88%, 02/15/2051 |
|
|
68 |
|
|
|
43 |
|
| 1.88%, 11/15/2051 |
|
|
494 |
|
|
|
307 |
|
| 2.00%, 11/15/2041 |
|
|
26 |
|
|
|
19 |
|
| 2.00%, 02/15/2050 |
|
|
1,607 |
|
|
|
1,046 |
|
| 2.00%, 08/15/2051 |
|
|
70 |
|
|
|
45 |
|
| 2.25%, 05/15/2041 |
|
|
47 |
|
|
|
36 |
|
| 2.25%, 08/15/2046 |
|
|
470 |
|
|
|
336 |
|
| 2.25%, 08/15/2049 |
|
|
39 |
|
|
|
27 |
|
| 2.25%, 02/15/2052 |
|
|
59 |
|
|
|
40 |
|
| 2.38%, 02/15/2042 |
|
|
45 |
|
|
|
35 |
|
| 2.38%, 11/15/2049 |
|
|
36 |
|
|
|
26 |
|
| 2.38%, 05/15/2051 |
|
|
70 |
|
|
|
49 |
|
| 2.50%, 02/15/2045 |
|
|
949 |
|
|
|
724 |
|
| 2.50%, 02/15/2046 |
|
|
27 |
|
|
|
20 |
|
| 2.50%, 05/15/2046 |
|
|
418 |
|
|
|
315 |
|
| 2.75%, 08/15/2042 |
|
|
14 |
|
|
|
12 |
|
| 2.75%, 11/15/2042 |
|
|
25 |
|
|
|
20 |
|
| 2.75%, 08/15/2047 |
|
|
29 |
|
|
|
23 |
|
| 2.75%, 11/15/2047 |
|
|
707 |
|
|
|
550 |
|
| 2.88%, 05/15/2043 |
|
|
247 |
|
|
|
205 |
|
| 2.88%, 08/15/2045 |
|
|
1,195 |
|
|
|
970 |
|
| 2.88%, 11/15/2046 |
|
|
19 |
|
|
|
15 |
|
| 2.88%, 05/15/2049 |
|
|
42 |
|
|
|
33 |
|
| 2.88%, 05/15/2052 |
|
|
56 |
|
|
|
44 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| U.S. Treasury Obligations — continued |
|
|
|
|
|
|
|
|
| 3.00%, 05/15/2042 |
|
|
19 |
|
|
|
16 |
|
| 3.00%, 11/15/2044 |
|
|
35 |
|
|
|
29 |
|
| 3.00%, 05/15/2045 |
|
|
855 |
|
|
|
710 |
|
| 3.00%, 11/15/2045 |
|
|
9 |
|
|
|
7 |
|
| 3.00%, 02/15/2047 |
|
|
27 |
|
|
|
22 |
|
| 3.00%, 05/15/2047 |
|
|
20 |
|
|
|
16 |
|
| 3.00%, 02/15/2048 |
|
|
33 |
|
|
|
27 |
|
| 3.00%, 08/15/2048 |
|
|
51 |
|
|
|
41 |
|
| 3.00%, 02/15/2049 |
|
|
2,339 |
|
|
|
1,891 |
|
| 3.00%, 08/15/2052 |
|
|
53 |
|
|
|
43 |
|
| 3.13%, 11/15/2041 |
|
|
21 |
|
|
|
19 |
|
| 3.13%, 02/15/2042 |
|
|
10 |
|
|
|
9 |
|
| 3.13%, 02/15/2043 |
|
|
91 |
|
|
|
79 |
|
| 3.13%, 08/15/2044 |
|
|
371 |
|
|
|
316 |
|
| 3.13%, 05/15/2048 |
|
|
35 |
|
|
|
29 |
|
| 3.25%, 05/15/2042 |
|
|
40 |
|
|
|
36 |
|
| 3.38%, 08/15/2042 |
|
|
34 |
|
|
|
31 |
|
| 3.38%, 05/15/2044 |
|
|
5 |
|
|
|
4 |
|
| 3.38%, 11/15/2048 |
|
|
54 |
|
|
|
47 |
|
| 3.50%, 02/15/2039 |
|
|
19 |
|
|
|
18 |
|
| 3.63%, 08/15/2043 |
|
|
1,117 |
|
|
|
1,033 |
|
| 3.63%, 02/15/2044 |
|
|
1,021 |
|
|
|
941 |
|
| 3.63%, 02/15/2053 |
|
|
53 |
|
|
|
48 |
|
| 3.63%, 05/15/2053 |
|
|
53 |
|
|
|
48 |
|
| 3.75%, 08/15/2041 |
|
|
4 |
|
|
|
4 |
|
| 3.75%, 11/15/2043 |
|
|
1,577 |
|
|
|
1,482 |
|
| 3.88%, 08/15/2040 |
|
|
19 |
|
|
|
19 |
|
| 3.88%, 02/15/2043 |
|
|
34 |
|
|
|
33 |
|
| 3.88%, 05/15/2043 |
|
|
272 |
|
|
|
262 |
|
| 4.00%, 11/15/2042 |
|
|
34 |
|
|
|
33 |
|
| 4.00%, 11/15/2052 |
|
|
53 |
|
|
|
51 |
|
| 4.13%, 08/15/2044 |
|
|
18 |
|
|
|
18 |
|
| 4.13%, 08/15/2053 |
|
|
59 |
|
|
|
59 |
|
| 4.25%, 05/15/2039 |
|
|
9 |
|
|
|
9 |
|
| 4.25%, 11/15/2040 |
|
|
30 |
|
|
|
31 |
|
| 4.25%, 02/15/2054 |
|
|
272 |
|
|
|
277 |
|
| 4.25%, 08/15/2054 |
|
|
36 |
|
|
|
36 |
|
| 4.38%, 02/15/2038 |
|
|
12 |
|
|
|
13 |
|
| 4.38%, 11/15/2039 |
|
|
12 |
|
|
|
13 |
|
| 4.38%, 05/15/2040 |
|
|
10 |
|
|
|
10 |
|
| 4.38%, 05/15/2041 |
|
|
16 |
|
|
|
17 |
|
| 4.38%, 08/15/2043 (ff) |
|
|
412 |
|
|
|
423 |
|
| 4.50%, 02/15/2036 |
|
|
60 |
|
|
|
64 |
|
| 4.50%, 05/15/2038 |
|
|
5 |
|
|
|
5 |
|
| 4.50%, 08/15/2039 |
|
|
11 |
|
|
|
12 |
|
| 4.50%, 02/15/2044 |
|
|
285 |
|
|
|
297 |
|
| 4.63%, 02/15/2040 |
|
|
15 |
|
|
|
16 |
|
| 4.63%, 05/15/2044 |
|
|
14 |
|
|
|
15 |
|
| 4.63%, 05/15/2054 |
|
|
54 |
|
|
|
59 |
|
| 4.75%, 02/15/2037 |
|
|
12 |
|
|
|
13 |
|
| 4.75%, 02/15/2041 |
|
|
31 |
|
|
|
34 |
|
| 4.75%, 11/15/2043 |
|
|
47 |
|
|
|
51 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| U.S. Treasury Obligations — continued |
|
|
|
|
|
|
|
|
| 4.75%, 11/15/2053 |
|
|
62 |
|
|
|
68 |
|
| 5.00%, 05/15/2037 |
|
|
12 |
|
|
|
13 |
|
| 5.25%, 02/15/2029 |
|
|
365 |
|
|
|
391 |
|
| 5.38%, 02/15/2031 |
|
|
5 |
|
|
|
5 |
|
| U.S. Treasury Inflation Indexed Bonds, 2.38%, 01/15/2025 (ee) (ii) |
|
|
834 |
|
|
|
829 |
|
| U.S. Treasury Inflation Indexed Notes, |
|
|
|
|
|
|
|
|
| 0.13%, 04/15/2025 |
|
|
49 |
|
|
|
48 |
|
| 0.25%, 01/15/2025 (ee) (ii) |
|
|
3,851 |
|
|
|
3,804 |
|
| U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
| 0.38%, 11/30/2025 |
|
|
46 |
|
|
|
44 |
|
| 0.38%, 12/31/2025 |
|
|
49 |
|
|
|
47 |
|
| 0.38%, 01/31/2026 |
|
|
53 |
|
|
|
51 |
|
| 0.38%, 07/31/2027 |
|
|
42 |
|
|
|
38 |
|
| 0.38%, 09/30/2027 |
|
|
43 |
|
|
|
39 |
|
| 0.50%, 04/30/2027 |
|
|
32 |
|
|
|
30 |
|
| 0.50%, 05/31/2027 |
|
|
28 |
|
|
|
26 |
|
| 0.50%, 06/30/2027 |
|
|
35 |
|
|
|
32 |
|
| 0.50%, 08/31/2027 |
|
|
33 |
|
|
|
30 |
|
| 0.50%, 10/31/2027 |
|
|
28 |
|
|
|
26 |
|
| 0.63%, 07/31/2026 |
|
|
91 |
|
|
|
86 |
|
| 0.63%, 03/31/2027 |
|
|
39 |
|
|
|
36 |
|
| 0.63%, 11/30/2027 |
|
|
38 |
|
|
|
35 |
|
| 0.63%, 12/31/2027 |
|
|
20 |
|
|
|
18 |
|
| 0.63%, 05/15/2030 |
|
|
71 |
|
|
|
60 |
|
| 0.63%, 08/15/2030 (jj) |
|
|
99 |
|
|
|
83 |
|
| 0.75%, 03/31/2026 |
|
|
58 |
|
|
|
55 |
|
| 0.75%, 04/30/2026 |
|
|
58 |
|
|
|
55 |
|
| 0.75%, 05/31/2026 |
|
|
73 |
|
|
|
70 |
|
| 0.75%, 08/31/2026 |
|
|
77 |
|
|
|
73 |
|
| 0.75%, 01/31/2028 |
|
|
41 |
|
|
|
37 |
|
| 0.88%, 06/30/2026 |
|
|
41 |
|
|
|
39 |
|
| 0.88%, 09/30/2026 |
|
|
89 |
|
|
|
84 |
|
| 0.88%, 11/15/2030 |
|
|
101 |
|
|
|
86 |
|
| 1.00%, 07/31/2028 |
|
|
615 |
|
|
|
558 |
|
| 1.13%, 10/31/2026 |
|
|
51 |
|
|
|
48 |
|
| 1.13%, 02/28/2027 |
|
|
39 |
|
|
|
37 |
|
| 1.13%, 02/29/2028 |
|
|
52 |
|
|
|
48 |
|
| 1.13%, 08/31/2028 |
|
|
116 |
|
|
|
106 |
|
| 1.13%, 02/15/2031 |
|
|
100 |
|
|
|
86 |
|
| 1.25%, 11/30/2026 |
|
|
58 |
|
|
|
55 |
|
| 1.25%, 12/31/2026 |
|
|
66 |
|
|
|
63 |
|
| 1.25%, 03/31/2028 |
|
|
20 |
|
|
|
18 |
|
| 1.25%, 04/30/2028 |
|
|
81 |
|
|
|
75 |
|
| 1.25%, 05/31/2028 |
|
|
695 |
|
|
|
639 |
|
| 1.25%, 06/30/2028 |
|
|
198 |
|
|
|
182 |
|
| 1.25%, 09/30/2028 |
|
|
70 |
|
|
|
64 |
|
| 1.25%, 08/15/2031 |
|
|
103 |
|
|
|
88 |
|
| 1.38%, 08/31/2026 |
|
|
4 |
|
|
|
4 |
|
| 1.38%, 10/31/2028 |
|
|
2,089 |
|
|
|
1,914 |
|
| 1.38%, 12/31/2028 |
|
|
97 |
|
|
|
89 |
|
| 1.38%, 11/15/2031 |
|
|
71,369 |
|
|
|
61,068 |
|
| 1.50%, 08/15/2026 |
|
|
41 |
|
|
|
39 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| U.S. Treasury Obligations — continued |
|
|
|
|
|
|
|
|
| 1.50%, 01/31/2027 |
|
|
73 |
|
|
|
70 |
|
| 1.50%, 11/30/2028 |
|
|
41 |
|
|
|
38 |
|
| 1.50%, 02/15/2030 |
|
|
52 |
|
|
|
47 |
|
| 1.63%, 02/15/2026 |
|
|
46 |
|
|
|
45 |
|
| 1.63%, 05/15/2026 |
|
|
58 |
|
|
|
56 |
|
| 1.63%, 09/30/2026 |
|
|
10 |
|
|
|
10 |
|
| 1.63%, 10/31/2026 |
|
|
23 |
|
|
|
22 |
|
| 1.63%, 11/30/2026 |
|
|
19 |
|
|
|
18 |
|
| 1.63%, 08/15/2029 |
|
|
41 |
|
|
|
37 |
|
| 1.63%, 05/15/2031 |
|
|
93 |
|
|
|
82 |
|
| 1.75%, 12/31/2026 |
|
|
32 |
|
|
|
31 |
|
| 1.75%, 01/31/2029 |
|
|
47 |
|
|
|
44 |
|
| 1.75%, 11/15/2029 |
|
|
20 |
|
|
|
18 |
|
| 1.88%, 06/30/2026 |
|
|
10 |
|
|
|
10 |
|
| 1.88%, 07/31/2026 |
|
|
10 |
|
|
|
10 |
|
| 1.88%, 02/28/2027 |
|
|
58 |
|
|
|
56 |
|
| 1.88%, 02/28/2029 |
|
|
52 |
|
|
|
48 |
|
| 1.88%, 02/15/2032 |
|
|
68,245 |
|
|
|
60,215 |
|
| 2.00%, 11/15/2026 |
|
|
46 |
|
|
|
44 |
|
| 2.13%, 05/31/2026 |
|
|
8 |
|
|
|
8 |
|
| 2.25%, 11/15/2025 |
|
|
52 |
|
|
|
51 |
|
| 2.25%, 03/31/2026 |
|
|
23 |
|
|
|
23 |
|
| 2.25%, 02/15/2027 |
|
|
46 |
|
|
|
45 |
|
| 2.25%, 08/15/2027 |
|
|
38 |
|
|
|
37 |
|
| 2.25%, 11/15/2027 |
|
|
10 |
|
|
|
10 |
|
| 2.38%, 04/30/2026 |
|
|
19 |
|
|
|
19 |
|
| 2.38%, 05/15/2027 |
|
|
51 |
|
|
|
49 |
|
| 2.38%, 03/31/2029 |
|
|
45 |
|
|
|
43 |
|
| 2.38%, 05/15/2029 |
|
|
47 |
|
|
|
45 |
|
| 2.50%, 03/31/2027 |
|
|
45 |
|
|
|
44 |
|
| 2.63%, 05/31/2027 |
|
|
50 |
|
|
|
49 |
|
| 2.63%, 02/15/2029 |
|
|
61 |
|
|
|
59 |
|
| 2.63%, 07/31/2029 |
|
|
35 |
|
|
|
34 |
|
| 2.75%, 04/30/2027 |
|
|
58 |
|
|
|
57 |
|
| 2.75%, 07/31/2027 |
|
|
44 |
|
|
|
43 |
|
| 2.75%, 02/15/2028 |
|
|
1,021 |
|
|
|
994 |
|
| 2.75%, 05/31/2029 |
|
|
41 |
|
|
|
40 |
|
| 2.75%, 08/15/2032 |
|
|
65,098 |
|
|
|
60,765 |
|
| 2.88%, 11/30/2025 |
|
|
50 |
|
|
|
49 |
|
| 2.88%, 05/15/2028 |
|
|
60 |
|
|
|
59 |
|
| 2.88%, 08/15/2028 |
|
|
70 |
|
|
|
68 |
|
| 2.88%, 04/30/2029 |
|
|
41 |
|
|
|
40 |
|
| 2.88%, 05/15/2032 |
|
|
67,884 |
|
|
|
64,113 |
|
| 3.00%, 07/15/2025 |
|
|
4,000 |
|
|
|
3,967 |
|
| 3.00%, 09/30/2025 |
|
|
20 |
|
|
|
20 |
|
| 3.00%, 10/31/2025 |
|
|
1,185 |
|
|
|
1,174 |
|
| 3.13%, 08/31/2027 |
|
|
41 |
|
|
|
40 |
|
| 3.13%, 11/15/2028 |
|
|
2,683 |
|
|
|
2,635 |
|
| 3.13%, 08/31/2029 |
|
|
32 |
|
|
|
31 |
|
| 3.25%, 06/30/2027 |
|
|
42 |
|
|
|
42 |
|
| 3.25%, 06/30/2029 |
|
|
39 |
|
|
|
38 |
|
| 3.38%, 09/15/2027 |
|
|
80 |
|
|
|
80 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| U.S. Treasury Obligations — continued |
|
|
|
|
|
|
|
|
| 3.38%, 05/15/2033 |
|
|
64,500 |
|
|
|
62,653 |
|
| 3.50%, 09/15/2025 |
|
|
36 |
|
|
|
36 |
|
| 3.50%, 01/31/2028 |
|
|
20 |
|
|
|
20 |
|
| 3.50%, 04/30/2028 |
|
|
20 |
|
|
|
20 |
|
| 3.50%, 09/30/2029 |
|
|
40 |
|
|
|
40 |
|
| 3.50%, 01/31/2030 |
|
|
34 |
|
|
|
34 |
|
| 3.50%, 04/30/2030 |
|
|
30 |
|
|
|
30 |
|
| 3.50%, 02/15/2033 |
|
|
64,509 |
|
|
|
63,327 |
|
| 3.63%, 05/15/2026 |
|
|
58 |
|
|
|
58 |
|
| 3.63%, 03/31/2028 |
|
|
28 |
|
|
|
28 |
|
| 3.63%, 05/31/2028 |
|
|
30 |
|
|
|
30 |
|
| 3.63%, 08/31/2029 |
|
|
59 |
|
|
|
59 |
|
| 3.63%, 03/31/2030 |
|
|
31 |
|
|
|
31 |
|
| 3.63%, 09/30/2031 |
|
|
32 |
|
|
|
32 |
|
| 3.75%, 04/15/2026 |
|
|
36 |
|
|
|
36 |
|
| 3.75%, 08/15/2027 |
|
|
75 |
|
|
|
75 |
|
| 3.75%, 12/31/2028 |
|
|
78 |
|
|
|
78 |
|
| 3.75%, 05/31/2030 |
|
|
39 |
|
|
|
39 |
|
| 3.75%, 06/30/2030 |
|
|
32 |
|
|
|
32 |
|
| 3.75%, 12/31/2030 |
|
|
57 |
|
|
|
57 |
|
| 3.75%, 08/31/2031 |
|
|
40 |
|
|
|
40 |
|
| 3.88%, 01/15/2026 |
|
|
39 |
|
|
|
39 |
|
| 3.88%, 11/30/2027 |
|
|
73 |
|
|
|
74 |
|
| 3.88%, 12/31/2027 |
|
|
34 |
|
|
|
34 |
|
| 3.88%, 09/30/2029 |
|
|
32 |
|
|
|
32 |
|
| 3.88%, 11/30/2029 |
|
|
28 |
|
|
|
28 |
|
| 3.88%, 12/31/2029 |
|
|
442 |
|
|
|
447 |
|
| 3.88%, 08/15/2033 |
|
|
70,383 |
|
|
|
70,881 |
|
| 3.88%, 08/15/2034 |
|
|
53,251 |
|
|
|
53,567 |
|
| 4.00%, 12/15/2025 |
|
|
66 |
|
|
|
66 |
|
| 4.00%, 02/15/2026 |
|
|
58 |
|
|
|
58 |
|
| 4.00%, 01/15/2027 |
|
|
3,310 |
|
|
|
3,336 |
|
| 4.00%, 02/29/2028 |
|
|
36 |
|
|
|
36 |
|
| 4.00%, 06/30/2028 |
|
|
36 |
|
|
|
37 |
|
| 4.00%, 01/31/2029 |
|
|
57 |
|
|
|
58 |
|
| 4.00%, 07/31/2029 |
|
|
230 |
|
|
|
234 |
|
| 4.00%, 10/31/2029 |
|
|
39 |
|
|
|
40 |
|
| 4.00%, 02/28/2030 |
|
|
28 |
|
|
|
29 |
|
| 4.00%, 07/31/2030 |
|
|
46 |
|
|
|
47 |
|
| 4.00%, 01/31/2031 |
|
|
113 |
|
|
|
115 |
|
| 4.00%, 02/15/2034 |
|
|
78,200 |
|
|
|
79,459 |
|
| 4.13%, 06/15/2026 |
|
|
77 |
|
|
|
78 |
|
| 4.13%, 02/15/2027 |
|
|
144 |
|
|
|
146 |
|
| 4.13%, 10/31/2027 |
|
|
28 |
|
|
|
28 |
|
| 4.13%, 07/31/2028 |
|
|
137 |
|
|
|
140 |
|
| 4.13%, 03/31/2029 |
|
|
65 |
|
|
|
66 |
|
| 4.13%, 08/31/2030 |
|
|
32 |
|
|
|
33 |
|
| 4.13%, 03/31/2031 |
|
|
61 |
|
|
|
63 |
|
| 4.13%, 07/31/2031 |
|
|
33 |
|
|
|
34 |
|
| 4.13%, 11/15/2032 (jj) |
|
|
70,652 |
|
|
|
72,608 |
|
| 4.25%, 05/31/2025 |
|
|
2,515 |
|
|
|
2,516 |
|
| 4.25%, 10/15/2025 |
|
|
56 |
|
|
|
56 |
|
| 4.25%, 12/31/2025 |
|
|
77 |
|
|
|
77 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| U.S. Treasury Obligations — continued |
|
|
|
|
|
|
|
|
| 4.25%, 03/15/2027 |
|
|
106 |
|
|
|
108 |
|
| 4.25%, 02/28/2029 |
|
|
78 |
|
|
|
80 |
|
| 4.25%, 06/30/2029 |
|
|
328 |
|
|
|
337 |
|
| 4.25%, 02/28/2031 |
|
|
61 |
|
|
|
63 |
|
| 4.25%, 06/30/2031 |
|
|
40 |
|
|
|
41 |
|
| 4.38%, 08/15/2026 |
|
|
58 |
|
|
|
59 |
|
| 4.38%, 12/15/2026 |
|
|
87 |
|
|
|
88 |
|
| 4.38%, 07/15/2027 |
|
|
60 |
|
|
|
61 |
|
| 4.38%, 11/30/2028 |
|
|
49 |
|
|
|
50 |
|
| 4.38%, 11/30/2030 |
|
|
3,459 |
|
|
|
3,595 |
|
| 4.38%, 05/15/2034 |
|
|
78,191 |
|
|
|
81,795 |
|
| 4.50%, 11/15/2025 |
|
|
39 |
|
|
|
39 |
|
| 4.50%, 03/31/2026 |
|
|
22 |
|
|
|
22 |
|
| 4.50%, 07/15/2026 |
|
|
58 |
|
|
|
59 |
|
| 4.50%, 04/15/2027 |
|
|
130 |
|
|
|
133 |
|
| 4.50%, 05/15/2027 |
|
|
65 |
|
|
|
66 |
|
| 4.50%, 05/31/2029 |
|
|
61 |
|
|
|
64 |
|
| 4.50%, 11/15/2033 |
|
|
74,539 |
|
|
|
78,630 |
|
| 4.63%, 06/30/2025 |
|
|
540 |
|
|
|
542 |
|
| 4.63%, 02/28/2026 |
|
|
42 |
|
|
|
42 |
|
| 4.63%, 03/15/2026 |
|
|
77 |
|
|
|
78 |
|
| 4.63%, 06/30/2026 |
|
|
4,000 |
|
|
|
4,061 |
|
| 4.63%, 09/15/2026 |
|
|
52 |
|
|
|
53 |
|
| 4.63%, 10/15/2026 |
|
|
41 |
|
|
|
42 |
|
| 4.63%, 11/15/2026 |
|
|
46 |
|
|
|
47 |
|
| 4.63%, 06/15/2027 |
|
|
84 |
|
|
|
86 |
|
| 4.63%, 09/30/2028 |
|
|
8 |
|
|
|
8 |
|
| 4.63%, 04/30/2029 |
|
|
50 |
|
|
|
52 |
|
| 4.63%, 09/30/2030 |
|
|
32 |
|
|
|
34 |
|
| 4.63%, 04/30/2031 |
|
|
42 |
|
|
|
44 |
|
| 4.63%, 05/31/2031 |
|
|
596 |
|
|
|
629 |
|
| 4.88%, 11/30/2025 |
|
|
1,438 |
|
|
|
1,454 |
|
| 4.88%, 05/31/2026 |
|
|
40 |
|
|
|
41 |
|
| 4.88%, 10/31/2028 |
|
|
40 |
|
|
|
42 |
|
| 4.88%, 10/31/2030 |
|
|
33 |
|
|
|
35 |
|
| 5.00%, 09/30/2025 |
|
|
13 |
|
|
|
13 |
|
| 5.00%, 10/31/2025 |
|
|
42 |
|
|
|
42 |
|
| U.S. Treasury STRIP Coupon Bonds, |
|
|
|
|
|
|
|
|
| Zero Coupon, 05/15/2026 |
|
|
5,000 |
|
|
|
4,702 |
|
| Zero Coupon, 11/15/2026 |
|
|
5,000 |
|
|
|
4,628 |
|
| Zero Coupon, 11/15/2028 (ee) (ff) (jj) |
|
|
12,000 |
|
|
|
10,324 |
|
| Zero Coupon, 11/15/2038 (ee) (jj) |
|
|
6,250 |
|
|
|
3,458 |
|
| Zero Coupon, 11/15/2041 |
|
|
200 |
|
|
|
95 |
|
| Zero Coupon, 08/15/2045 |
|
|
600 |
|
|
|
238 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations
(Cost $880,359) |
|
|
|
|
|
|
892,903 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments — 1.4% |
|
|
|
|
|
|
|
|
| Time Deposits — 0.6% |
|
|
|
|
|
|
|
|
| Australia & New Zealand Banking Group Ltd., |
|
|
|
|
|
|
|
|
| 2.83%, 10/01/2024 |
|
NZD |
137 |
|
|
|
87 |
|
| 2.90%, 10/01/2024 |
|
AUD |
543 |
|
|
|
375 |
|
| 4.18%, 10/01/2024 |
|
|
3,011 |
|
|
|
3,011 |
|
| Brown Brothers Harriman & Co., |
|
|
|
|
|
|
|
|
| 2.00%, 10/01/2024 |
|
DKK |
991 |
|
|
|
148 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Short-Term Investments — continued |
|
|
|
|
|
|
|
|
| Time Deposits — continued |
|
|
|
|
|
|
|
|
| 2.29%, 10/01/2024 |
|
SEK |
927 |
|
|
|
91 |
|
| 2.45%, 10/01/2024 |
|
SGD |
485 |
|
|
|
377 |
|
| 3.18%, 10/01/2024 |
|
NOK |
1,895 |
|
|
|
180 |
|
| 4.15%, 10/02/2024 |
|
HKD |
541 |
|
|
|
69 |
|
| Citibank NA, |
|
|
|
|
|
|
|
|
| 2.33%, 10/01/2024 |
|
EUR |
11,423 |
|
|
|
12,715 |
|
| 4.18%, 10/01/2024 |
|
|
13,783 |
|
|
|
13,783 |
|
| Royal Bank of Canada, 3.91%, 10/01/2024 |
|
GBP |
1,913 |
|
|
|
2,558 |
|
| Skandinaviska Enskilda Banken AB, 0.15%, 10/01/2024 |
|
CHF |
439 |
|
|
|
519 |
|
| Sumitomo Mitsui Banking Corp., 0.01%, 10/01/2024 |
|
JPY |
44,791 |
|
|
|
312 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
44,790 |
|
|
|
44,790 |
|
|
|
|
|
|
|
|
|
|
| Total Time Deposits |
|
|
|
|
|
|
79,015 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 0.8% |
|
|
|
|
|
|
|
|
| U.S. Treasury Bills, |
|
|
|
|
|
|
|
|
| 4.53%, 12/19/2024 (n) (ii) |
|
|
10 |
|
|
|
10 |
|
| 4.93%, 10/15/2024 (n) |
|
|
110,800 |
|
|
|
110,596 |
|
|
|
|
|
|
|
|
|
|
| Total U.S. Treasury Obligations |
|
|
|
|
|
|
110,606 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $189,613) |
|
|
|
|
|
|
189,621 |
|
|
|
|
|
|
|
|
|
|
Total Investments, Before Short Positions — 106.3%
(Cost - $13,713,351)* |
|
|
|
|
|
|
13,988,204 |
|
| Liabilities in Excess of Other Assets — (6.3)% |
|
|
|
|
|
|
(832,574 |
) |
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
13,155,630 |
|
|
|
|
|
|
|
|
|
|
| Short Positions — 2.2% |
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities — 2.2% |
|
|
|
|
|
|
|
|
| FHLMC Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 3.50%, 12/01/2035 |
|
|
48 |
|
|
|
46 |
|
| 3.50%, 02/01/2036 |
|
|
165 |
|
|
|
162 |
|
| FNMA or FHLMC, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| TBA, 2.00%, 11/01/2039 (w) |
|
|
200 |
|
|
|
183 |
|
| TBA, 2.00%, 10/01/2052 (w) |
|
|
200 |
|
|
|
183 |
|
| TBA, 3.00%, 10/01/2039 (w) |
|
|
4,500 |
|
|
|
4,315 |
|
| TBA, 3.50%, 11/01/2039 (w) |
|
|
100 |
|
|
|
98 |
|
| TBA, 3.50%, 10/01/2054 (w) |
|
|
100 |
|
|
|
98 |
|
| FNMA or FHLMC, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| TBA, 2.50%, 10/01/2052 (w) |
|
|
14,200 |
|
|
|
12,251 |
|
| TBA, 2.50%, 11/01/2054 (w) |
|
|
14,200 |
|
|
|
12,264 |
|
| TBA, 3.00%, 10/01/2054 (w) |
|
|
15,200 |
|
|
|
13,646 |
|
| TBA, 3.00%, 11/01/2054 (w) |
|
|
69,400 |
|
|
|
62,377 |
|
| TBA, 3.50%, 10/01/2054 (w) |
|
|
63,765 |
|
|
|
59,349 |
|
| TBA, 3.50%, 11/01/2054 (w) |
|
|
63,765 |
|
|
|
59,396 |
|
| TBA, 4.00%, 10/01/2054 (w) |
|
|
21,300 |
|
|
|
20,440 |
|
| TBA, 5.00%, 10/01/2054 (w) |
|
|
42,100 |
|
|
|
42,057 |
|
| FNMA Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 3.50%, 06/01/2035 |
|
|
217 |
|
|
|
214 |
|
| 3.50%, 04/01/2035 |
|
|
683 |
|
|
|
672 |
|
| GNMA II Pool, Single Family, 30 years, 4.00%, 12/20/2050 |
|
|
2,198 |
|
|
|
2,146 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Cost $290,566) |
|
|
|
|
|
|
289,897 |
|
|
|
|
|
|
|
|
|
|
Total Securities Sold Short— 2.2%
(Cost $290,566)* |
|
|
|
|
|
|
289,897 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euro Bund |
|
|
130 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
19,355 |
|
|
|
169 |
|
| Euro Buxl |
|
|
83 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
12,341 |
|
|
|
251 |
|
| Euro Schatz |
|
|
119 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
14,118 |
|
|
|
79 |
|
| EURO-OAT |
|
|
19 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
2,671 |
|
|
|
12 |
|
| SOFR 3 Month |
|
|
96 |
|
|
|
03/2027 |
|
|
|
USD |
|
|
|
23,306 |
|
|
|
(36 |
) |
| U.S. Treasury 2 Year Note |
|
|
79 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
16,419 |
|
|
|
32 |
|
| U.S. Treasury 5 Year Note |
|
|
150 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
16,483 |
|
|
|
(—
|
)(h) |
| U.S. Treasury 10 Year Note |
|
|
73 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
8,403 |
|
|
|
(60 |
) |
| U.S. Treasury Long Bond |
|
|
191 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
23,789 |
|
|
|
(69 |
) |
| U.S. Treasury Ultra Bond |
|
|
39 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
5,223 |
|
|
|
(32 |
) |
| U.S. Ultra Treasury 10 Year Note |
|
|
23 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
2,722 |
|
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
345 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euro BOBL |
|
|
(694 |
) |
|
|
12/2024 |
|
|
|
EUR |
|
|
|
(91,885 |
) |
|
|
(857 |
) |
| Euro Bund |
|
|
(308 |
) |
|
|
12/2024 |
|
|
|
EUR |
|
|
|
(46,094 |
) |
|
|
(163 |
) |
| Euro Schatz |
|
|
(37 |
) |
|
|
12/2024 |
|
|
|
EUR |
|
|
|
(4,403 |
) |
|
|
(11 |
) |
| Long Gilt |
|
|
(159 |
) |
|
|
12/2024 |
|
|
|
GBP |
|
|
|
(21,039 |
) |
|
|
116 |
|
| SOFR 3 Month |
|
|
(42 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(9,994 |
) |
|
|
(10 |
) |
| SOFR 3 Month |
|
|
(96 |
) |
|
|
03/2026 |
|
|
|
USD |
|
|
|
(23,311 |
) |
|
|
31 |
|
| U.S. Treasury 2 Year Note |
|
|
(90 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(18,672 |
) |
|
|
(70 |
) |
| U.S. Treasury 5 Year Note |
|
|
(145 |
) |
|
|
10/2024 |
|
|
|
USD |
|
|
|
(57,352 |
) |
|
|
(157 |
) |
| U.S. Treasury 5 Year Note |
|
|
(15 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(1,646 |
) |
|
|
(2 |
) |
| U.S. Treasury 10 Year Note |
|
|
(234 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(26,707 |
) |
|
|
(35 |
) |
| U.S. Treasury Long Bond |
|
|
(1 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(125 |
) |
|
|
1 |
|
| U.S. Ultra Treasury 10 Year Note |
|
|
(86 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(10,178 |
) |
|
|
4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,153 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(808 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| AUD |
|
|
602 |
|
|
USD |
|
|
408 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
8 |
|
| USD |
|
|
140 |
|
|
CAD |
|
|
189 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
1 |
|
| USD |
|
|
115 |
|
|
CHF |
|
|
97 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
— |
(h) |
| USD |
|
|
20 |
|
|
CHF |
|
|
17 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
— |
(h) |
| USD |
|
|
4,260 |
|
|
CHF |
|
|
3,602 |
|
|
Westpac Banking Corp. |
|
10/02/2024 |
|
|
5 |
|
| USD |
|
|
22,462 |
|
|
CHF |
|
|
18,990 |
|
|
Westpac Banking Corp. |
|
10/02/2024 |
|
|
24 |
|
| USD |
|
|
17,012 |
|
|
CZK |
|
|
384,013 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
58 |
|
| USD |
|
|
424 |
|
|
CZK |
|
|
9,580 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
1 |
|
| USD |
|
|
2,339 |
|
|
EUR |
|
|
2,090 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
12 |
|
| USD |
|
|
10,383 |
|
|
EUR |
|
|
9,320 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
9 |
|
| USD |
|
|
3,552 |
|
|
EUR |
|
|
3,190 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
1 |
|
| USD |
|
|
1,928 |
|
|
EUR |
|
|
1,730 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
2 |
|
| USD |
|
|
2,351 |
|
|
EUR |
|
|
2,110 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
2 |
|
| USD |
|
|
73 |
|
|
EUR |
|
|
65 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
— |
(h) |
| EUR |
|
|
1,060 |
|
|
USD |
|
|
1,175 |
|
|
Barclays Bank plc |
|
10/02/2024 |
|
|
5 |
|
| USD |
|
|
4,043 |
|
|
EUR |
|
|
3,627 |
|
|
BNP Paribas |
|
10/02/2024 |
|
|
6 |
|
| USD |
|
|
2,311 |
|
|
EUR |
|
|
2,070 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
7 |
|
| USD |
|
|
1,281 |
|
|
EUR |
|
|
1,150 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
1 |
|
| EUR |
|
|
25,110 |
|
|
USD |
|
|
27,831 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
120 |
|
| USD |
|
|
2,585 |
|
|
EUR |
|
|
2,320 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
3 |
|
| USD |
|
|
1,288 |
|
|
EUR |
|
|
1,150 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
8 |
|
| USD |
|
|
2,701 |
|
|
EUR |
|
|
2,426 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
1 |
|
| USD |
|
|
850 |
|
|
EUR |
|
|
762 |
|
|
HSBC Bank plc |
|
10/02/2024 |
|
|
2 |
|
| USD |
|
|
110,095 |
|
|
EUR |
|
|
98,785 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
132 |
|
| EUR |
|
|
41,700 |
|
|
USD |
|
|
46,219 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
199 |
|
| USD |
|
|
700 |
|
|
EUR |
|
|
626 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
4 |
|
| USD |
|
|
118,712 |
|
|
EUR |
|
|
106,145 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
556 |
|
| USD |
|
|
63,828 |
|
|
EUR |
|
|
57,071 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
299 |
|
| EUR |
|
|
23,450 |
|
|
USD |
|
|
25,991 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
112 |
|
| USD |
|
|
5,785 |
|
|
EUR |
|
|
5,190 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
8 |
|
| USD |
|
|
4,922 |
|
|
EUR |
|
|
4,420 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
2 |
|
| EUR |
|
|
630 |
|
|
USD |
|
|
698 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
3 |
|
| EUR |
|
|
631 |
|
|
USD |
|
|
700 |
|
|
Westpac Banking Corp. |
|
10/02/2024 |
|
|
2 |
|
| USD |
|
|
2,064 |
|
|
GBP |
|
|
1,540 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
5 |
|
| USD |
|
|
1,086 |
|
|
GBP |
|
|
810 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
3 |
|
| GBP |
|
|
317 |
|
|
USD |
|
|
421 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
3 |
|
| USD |
|
|
1,513 |
|
|
GBP |
|
|
1,130 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
2 |
|
| USD |
|
|
429 |
|
|
GBP |
|
|
320 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
1 |
|
| GBP |
|
|
2,540 |
|
|
USD |
|
|
3,339 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
57 |
|
| GBP |
|
|
3,000 |
|
|
USD |
|
|
3,953 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
58 |
|
| GBP |
|
|
6,210 |
|
|
USD |
|
|
8,164 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
139 |
|
| USD |
|
|
9,386 |
|
|
HUF |
|
|
3,327,107 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
64 |
|
| USD |
|
|
4,106 |
|
|
JPY |
|
|
582,470 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
54 |
|
| JPY |
|
|
2,814,490 |
|
|
USD |
|
|
19,411 |
|
|
Deutsche Bank AG |
|
10/02/2024 |
|
|
171 |
|
| USD |
|
|
2,457 |
|
|
JPY |
|
|
352,760 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
3 |
|
| JPY |
|
|
8,432,398 |
|
|
USD |
|
|
58,494 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
176 |
|
| USD |
|
|
1,529 |
|
|
JPY |
|
|
217,660 |
|
|
Royal Bank of Canada |
|
10/02/2024 |
|
|
15 |
|
| USD |
|
|
8,351 |
|
|
NOK |
|
|
87,860 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
26 |
|
| NZD |
|
|
16,742 |
|
|
USD |
|
|
10,629 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
8 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| SGD |
|
|
1,220 |
|
|
USD |
|
|
938 |
|
|
Deutsche Bank AG |
|
10/02/2024 |
|
|
12 |
|
| THB |
|
|
6,110 |
|
|
USD |
|
|
181 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
9 |
|
| THB |
|
|
793,080 |
|
|
USD |
|
|
24,640 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
7 |
|
| CNY |
|
|
34,000 |
|
|
USD |
|
|
4,801 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
48 |
|
| CNY |
|
|
12,531,700 |
|
|
USD |
|
|
1,786,797 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
510 |
|
| AUD |
|
|
1,418 |
|
|
USD |
|
|
969 |
|
|
Morgan Stanley & Co. |
|
10/21/2024 |
|
|
12 |
|
| CHF |
|
|
319 |
|
|
USD |
|
|
365 |
|
|
Goldman Sachs International |
|
10/21/2024 |
|
|
13 |
|
| JPY |
|
|
245,511 |
|
|
USD |
|
|
1,576 |
|
|
Goldman Sachs International |
|
10/21/2024 |
|
|
137 |
|
| USD |
|
|
32,489 |
|
|
AUD |
|
|
46,885 |
|
|
Bank of New York Mellon |
|
11/04/2024 |
|
|
58 |
|
| USD |
|
|
257 |
|
|
AUD |
|
|
370 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
18,047 |
|
|
AUD |
|
|
26,045 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
31 |
|
| USD |
|
|
312 |
|
|
AUD |
|
|
450 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
11,542 |
|
|
AUD |
|
|
16,670 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
11 |
|
| USD |
|
|
28,155 |
|
|
AUD |
|
|
40,630 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
51 |
|
| USD |
|
|
4,339 |
|
|
CHF |
|
|
3,651 |
|
|
Bank of New York Mellon |
|
11/04/2024 |
|
|
8 |
|
| USD |
|
|
22,570 |
|
|
CHF |
|
|
18,990 |
|
|
Bank of New York Mellon |
|
11/04/2024 |
|
|
41 |
|
| USD |
|
|
31 |
|
|
CHF |
|
|
26 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
— |
(h) |
| USD |
|
|
17,494 |
|
|
CZK |
|
|
393,593 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
104 |
|
| USD |
|
|
13,174 |
|
|
DKK |
|
|
87,655 |
|
|
Bank of America, NA |
|
11/04/2024 |
|
|
60 |
|
| USD |
|
|
1,423 |
|
|
DKK |
|
|
9,468 |
|
|
Bank of America, NA |
|
11/04/2024 |
|
|
7 |
|
| USD |
|
|
42 |
|
|
DKK |
|
|
281 |
|
|
BNP Paribas |
|
11/04/2024 |
|
|
— |
(h) |
| USD |
|
|
858 |
|
|
DKK |
|
|
5,725 |
|
|
BNP Paribas |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
1,233 |
|
|
DKK |
|
|
8,233 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
14 |
|
|
DKK |
|
|
91 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
— |
(h) |
| USD |
|
|
150 |
|
|
DKK |
|
|
1,002 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
416,917 |
|
|
EUR |
|
|
371,770 |
|
|
Bank of America, NA |
|
11/04/2024 |
|
|
2,468 |
|
| USD |
|
|
114,581 |
|
|
EUR |
|
|
102,412 |
|
|
BNP Paribas |
|
11/04/2024 |
|
|
412 |
|
| USD |
|
|
417,020 |
|
|
EUR |
|
|
371,770 |
|
|
Goldman Sachs International |
|
11/04/2024 |
|
|
2,571 |
|
| USD |
|
|
2,552,517 |
|
|
EUR |
|
|
2,276,541 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
14,629 |
|
| USD |
|
|
1,676,251 |
|
|
EUR |
|
|
1,495,016 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
9,607 |
|
| USD |
|
|
226 |
|
|
EUR |
|
|
202 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
417,866 |
|
|
EUR |
|
|
372,887 |
|
|
Standard Chartered Bank |
|
11/04/2024 |
|
|
2,172 |
|
| USD |
|
|
23,656 |
|
|
EUR |
|
|
21,091 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
144 |
|
| USD |
|
|
171 |
|
|
EUR |
|
|
153 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
7,991 |
|
|
EUR |
|
|
7,150 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
20 |
|
| USD |
|
|
6,605 |
|
|
EUR |
|
|
5,910 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
16 |
|
| USD |
|
|
112,081 |
|
|
GBP |
|
|
83,615 |
|
|
Bank of America, NA |
|
11/04/2024 |
|
|
294 |
|
| USD |
|
|
427,036 |
|
|
GBP |
|
|
318,477 |
|
|
Citibank, NA |
|
11/04/2024 |
|
|
1,258 |
|
| USD |
|
|
345,035 |
|
|
GBP |
|
|
257,322 |
|
|
Citibank, NA |
|
11/04/2024 |
|
|
1,016 |
|
| USD |
|
|
112,115 |
|
|
GBP |
|
|
83,615 |
|
|
Goldman Sachs International |
|
11/04/2024 |
|
|
328 |
|
| USD |
|
|
112,270 |
|
|
GBP |
|
|
83,870 |
|
|
Standard Chartered Bank |
|
11/04/2024 |
|
|
143 |
|
| USD |
|
|
747 |
|
|
GBP |
|
|
557 |
|
|
Westpac Banking Corp. |
|
11/04/2024 |
|
|
2 |
|
| USD |
|
|
420 |
|
|
HKD |
|
|
3,260 |
|
|
Toronto-Dominion Bank (The) |
|
11/04/2024 |
|
|
— |
(h) |
| USD |
|
|
9,346 |
|
|
HUF |
|
|
3,327,107 |
|
|
Citibank, NA |
|
11/04/2024 |
|
|
37 |
|
| USD |
|
|
8,347 |
|
|
NOK |
|
|
87,860 |
|
|
Bank of New York Mellon |
|
11/04/2024 |
|
|
18 |
|
| USD |
|
|
24,523 |
|
|
PLN |
|
|
93,825 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
165 |
|
| USD |
|
|
638 |
|
|
PLN |
|
|
2,450 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
2 |
|
| USD |
|
|
12,709 |
|
|
RON |
|
|
56,555 |
|
|
Goldman Sachs International |
|
11/04/2024 |
|
|
61 |
|
| USD |
|
|
426 |
|
|
RON |
|
|
1,900 |
|
|
UBS AG London |
|
11/04/2024 |
|
|
1 |
|
| USD |
|
|
13,243 |
|
|
SEK |
|
|
133,575 |
|
|
Bank of America, NA |
|
11/04/2024 |
|
|
68 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| USD |
|
|
3,904 |
|
|
SEK |
|
|
39,382 |
|
|
Bank of America, NA |
|
|
11/04/2024 |
|
|
|
20 |
|
| USD |
|
|
14,356 |
|
|
SGD |
|
|
18,361 |
|
|
Bank of America, NA |
|
|
11/04/2024 |
|
|
|
45 |
|
| USD |
|
|
141 |
|
|
CAD |
|
|
189 |
|
|
Morgan Stanley & Co. |
|
|
11/05/2024 |
|
|
|
1 |
|
| USD |
|
|
123,304 |
|
|
EUR |
|
|
110,370 |
|
|
Citibank, NA |
|
|
11/05/2024 |
|
|
|
259 |
|
| USD |
|
|
64,893 |
|
|
EUR |
|
|
58,086 |
|
|
Citibank, NA |
|
|
11/05/2024 |
|
|
|
136 |
|
| USD |
|
|
1,346 |
|
|
EUR |
|
|
1,204 |
|
|
Goldman Sachs International |
|
|
11/05/2024 |
|
|
|
3 |
|
| USD |
|
|
2,804 |
|
|
EUR |
|
|
2,509 |
|
|
HSBC Bank plc |
|
|
11/05/2024 |
|
|
|
7 |
|
| USD |
|
|
121,207 |
|
|
EUR |
|
|
107,944 |
|
|
Morgan Stanley & Co. |
|
|
11/05/2024 |
|
|
|
866 |
|
| USD |
|
|
65,223 |
|
|
EUR |
|
|
58,086 |
|
|
Morgan Stanley & Co. |
|
|
11/05/2024 |
|
|
|
466 |
|
| USD |
|
|
17,189 |
|
|
GBP |
|
|
12,841 |
|
|
HSBC Bank plc |
|
|
11/05/2024 |
|
|
|
22 |
|
| USD |
|
|
33,454 |
|
|
GBP |
|
|
24,992 |
|
|
HSBC Bank plc |
|
|
11/05/2024 |
|
|
|
42 |
|
| USD |
|
|
746,230 |
|
|
JPY |
|
|
105,925,926 |
|
|
Deutsche Bank AG |
|
|
11/05/2024 |
|
|
|
5,470 |
|
| USD |
|
|
648 |
|
|
CNH |
|
|
4,508 |
|
|
Goldman Sachs International |
|
|
12/18/2024 |
|
|
|
— |
(h) |
| KRW |
|
|
957,090 |
|
|
USD |
|
|
718 |
|
|
Bank of America, NA |
|
|
12/18/2024 |
|
|
|
17 |
|
| KRW |
|
|
996,606 |
|
|
USD |
|
|
750 |
|
|
Morgan Stanley & Co. |
|
|
12/18/2024 |
|
|
|
16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation |
|
|
|
|
|
|
46,306 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| AUD |
|
|
46,885 |
|
|
USD |
|
|
32,473 |
|
|
Bank of New York Mellon |
|
|
10/02/2024 |
|
|
|
(59 |
) |
| USD |
|
|
613 |
|
|
AUD |
|
|
920 |
|
|
Deutsche Bank AG |
|
|
10/02/2024 |
|
|
|
(23 |
) |
| AUD |
|
|
26,045 |
|
|
USD |
|
|
18,038 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(32 |
) |
| USD |
|
|
61,559 |
|
|
AUD |
|
|
90,515 |
|
|
Royal Bank of Canada |
|
|
10/02/2024 |
|
|
|
(1,019 |
) |
| USD |
|
|
26,405 |
|
|
AUD |
|
|
38,795 |
|
|
UBS AG London |
|
|
10/02/2024 |
|
|
|
(416 |
) |
| AUD |
|
|
40,630 |
|
|
USD |
|
|
28,141 |
|
|
UBS AG London |
|
|
10/02/2024 |
|
|
|
(52 |
) |
| AUD |
|
|
16,670 |
|
|
USD |
|
|
11,537 |
|
|
UBS AG London |
|
|
10/02/2024 |
|
|
|
(12 |
) |
| CAD |
|
|
189 |
|
|
USD |
|
|
141 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(1 |
) |
| CHF |
|
|
18,990 |
|
|
USD |
|
|
22,485 |
|
|
Bank of New York Mellon |
|
|
10/02/2024 |
|
|
|
(48 |
) |
| CHF |
|
|
3,651 |
|
|
USD |
|
|
4,323 |
|
|
Bank of New York Mellon |
|
|
10/02/2024 |
|
|
|
(9 |
) |
| CHF |
|
|
65 |
|
|
USD |
|
|
77 |
|
|
UBS AG London |
|
|
10/02/2024 |
|
|
|
(— |
)(h) |
| CZK |
|
|
393,593 |
|
|
USD |
|
|
17,482 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(105 |
) |
| DKK |
|
|
9,468 |
|
|
USD |
|
|
1,421 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(7 |
) |
| DKK |
|
|
87,655 |
|
|
USD |
|
|
13,152 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(62 |
) |
| USD |
|
|
1,028 |
|
|
DKK |
|
|
6,920 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(5 |
) |
| DKK |
|
|
5,735 |
|
|
USD |
|
|
858 |
|
|
BNP Paribas |
|
|
10/02/2024 |
|
|
|
(1 |
) |
| USD |
|
|
1,398 |
|
|
DKK |
|
|
9,395 |
|
|
Goldman Sachs International |
|
|
10/02/2024 |
|
|
|
(5 |
) |
| USD |
|
|
12,626 |
|
|
DKK |
|
|
84,835 |
|
|
Goldman Sachs International |
|
|
10/02/2024 |
|
|
|
(43 |
) |
| USD |
|
|
419 |
|
|
DKK |
|
|
2,820 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(2 |
) |
| USD |
|
|
1,244 |
|
|
DKK |
|
|
8,348 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(3 |
) |
| DKK |
|
|
8,248 |
|
|
USD |
|
|
1,233 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(1 |
) |
| DKK |
|
|
1,004 |
|
|
USD |
|
|
150 |
|
|
Morgan Stanley & Co. |
|
|
10/02/2024 |
|
|
|
(1 |
) |
| USD |
|
|
11 |
|
|
DKK |
|
|
73 |
|
|
UBS AG London |
|
|
10/02/2024 |
|
|
|
(— |
)(h) |
| USD |
|
|
137 |
|
|
EUR |
|
|
123 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(— |
)(h) |
| USD |
|
|
2,092 |
|
|
EUR |
|
|
1,890 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(12 |
) |
| USD |
|
|
1,240 |
|
|
EUR |
|
|
1,120 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(7 |
) |
| USD |
|
|
2,952 |
|
|
EUR |
|
|
2,660 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(9 |
) |
| USD |
|
|
23,870 |
|
|
EUR |
|
|
21,508 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(72 |
) |
| USD |
|
|
10,272 |
|
|
EUR |
|
|
9,300 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(80 |
) |
| USD |
|
|
849 |
|
|
EUR |
|
|
766 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(4 |
) |
| USD |
|
|
412,712 |
|
|
EUR |
|
|
371,875 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(1,240 |
) |
| USD |
|
|
2,484 |
|
|
EUR |
|
|
2,232 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(— |
)(h) |
| EUR |
|
|
371,770 |
|
|
USD |
|
|
416,353 |
|
|
Bank of America, NA |
|
|
10/02/2024 |
|
|
|
(2,517 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| USD |
|
|
640 |
|
|
EUR |
|
|
580 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
(6 |
) |
| USD |
|
|
13,904 |
|
|
EUR |
|
|
12,500 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
(10 |
) |
| USD |
|
|
2,781 |
|
|
EUR |
|
|
2,510 |
|
|
Barclays Bank plc |
|
10/02/2024 |
|
|
(13 |
) |
| USD |
|
|
1,995 |
|
|
EUR |
|
|
1,799 |
|
|
Barclays Bank plc |
|
10/02/2024 |
|
|
(7 |
) |
| EUR |
|
|
102,412 |
|
|
USD |
|
|
114,426 |
|
|
BNP Paribas |
|
10/02/2024 |
|
|
(426 |
) |
| USD |
|
|
63,525 |
|
|
EUR |
|
|
57,071 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(4 |
) |
| USD |
|
|
118,148 |
|
|
EUR |
|
|
106,145 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(7 |
) |
| EUR |
|
|
58,086 |
|
|
USD |
|
|
64,803 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(144 |
) |
| EUR |
|
|
110,370 |
|
|
USD |
|
|
123,132 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(273 |
) |
| USD |
|
|
421 |
|
|
EUR |
|
|
380 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(2 |
) |
| USD |
|
|
1,450 |
|
|
EUR |
|
|
1,310 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(8 |
) |
| USD |
|
|
2,534,061 |
|
|
EUR |
|
|
2,287,121 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(11,846 |
) |
| USD |
|
|
1,668,731 |
|
|
EUR |
|
|
1,506,116 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(7,801 |
) |
| USD |
|
|
413,945 |
|
|
EUR |
|
|
372,987 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(1,245 |
) |
| EUR |
|
|
371,770 |
|
|
USD |
|
|
416,449 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(2,614 |
) |
| USD |
|
|
559 |
|
|
EUR |
|
|
502 |
|
|
HSBC Bank plc |
|
10/02/2024 |
|
|
(— |
)(h) |
| USD |
|
|
1,134 |
|
|
EUR |
|
|
1,023 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(5 |
) |
| EUR |
|
|
58,086 |
|
|
USD |
|
|
65,132 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(473 |
) |
| USD |
|
|
957 |
|
|
EUR |
|
|
860 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(1 |
) |
| EUR |
|
|
1,495,016 |
|
|
USD |
|
|
1,673,969 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(9,793 |
) |
| EUR |
|
|
3,648 |
|
|
USD |
|
|
4,075 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(14 |
) |
| EUR |
|
|
2,276,541 |
|
|
USD |
|
|
2,549,043 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(14,913 |
) |
| EUR |
|
|
107,944 |
|
|
USD |
|
|
121,038 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(880 |
) |
| EUR |
|
|
372,887 |
|
|
USD |
|
|
417,298 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
(2,219 |
) |
| USD |
|
|
412,772 |
|
|
EUR |
|
|
371,875 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
(1,180 |
) |
| USD |
|
|
3,740 |
|
|
EUR |
|
|
3,360 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
(— |
)(h) |
| EUR |
|
|
21,091 |
|
|
USD |
|
|
23,624 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(146 |
) |
| USD |
|
|
210 |
|
|
EUR |
|
|
190 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(1 |
) |
| USD |
|
|
164 |
|
|
EUR |
|
|
148 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(1 |
) |
| USD |
|
|
109,870 |
|
|
GBP |
|
|
83,355 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(1,572 |
) |
| USD |
|
|
400 |
|
|
GBP |
|
|
300 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(1 |
) |
| USD |
|
|
429 |
|
|
GBP |
|
|
326 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(7 |
) |
| GBP |
|
|
83,615 |
|
|
USD |
|
|
112,083 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(294 |
) |
| USD |
|
|
4,875 |
|
|
GBP |
|
|
3,722 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(102 |
) |
| GBP |
|
|
318,477 |
|
|
USD |
|
|
427,046 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(1,258 |
) |
| USD |
|
|
426 |
|
|
GBP |
|
|
320 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(1 |
) |
| USD |
|
|
633 |
|
|
GBP |
|
|
480 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(8 |
) |
| USD |
|
|
421 |
|
|
GBP |
|
|
320 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(7 |
) |
| GBP |
|
|
257,322 |
|
|
USD |
|
|
345,043 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(1,016 |
) |
| USD |
|
|
492 |
|
|
GBP |
|
|
370 |
|
|
Deutsche Bank AG |
|
10/02/2024 |
|
|
(3 |
) |
| USD |
|
|
1,362 |
|
|
GBP |
|
|
1,020 |
|
|
Deutsche Bank AG |
|
10/02/2024 |
|
|
(2 |
) |
| GBP |
|
|
83,615 |
|
|
USD |
|
|
112,118 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(329 |
) |
| GBP |
|
|
24,992 |
|
|
USD |
|
|
33,455 |
|
|
HSBC Bank plc |
|
10/02/2024 |
|
|
(43 |
) |
| GBP |
|
|
12,841 |
|
|
USD |
|
|
17,190 |
|
|
HSBC Bank plc |
|
10/02/2024 |
|
|
(22 |
) |
| USD |
|
|
28,499 |
|
|
GBP |
|
|
21,586 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(360 |
) |
| USD |
|
|
423,274 |
|
|
GBP |
|
|
321,037 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(5,937 |
) |
| USD |
|
|
339,874 |
|
|
GBP |
|
|
257,782 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(4,767 |
) |
| USD |
|
|
734 |
|
|
GBP |
|
|
557 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(10 |
) |
| USD |
|
|
16,523 |
|
|
GBP |
|
|
12,515 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(209 |
) |
| USD |
|
|
109,872 |
|
|
GBP |
|
|
83,355 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
(1,570 |
) |
| GBP |
|
|
83,870 |
|
|
USD |
|
|
112,273 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
(143 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| USD |
|
|
2,392 |
|
|
GBP |
|
|
1,820 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(41 |
) |
| USD |
|
|
110,305 |
|
|
GBP |
|
|
83,610 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(1,477 |
) |
| USD |
|
|
588 |
|
|
GBP |
|
|
440 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(— |
)(h) |
| USD |
|
|
841 |
|
|
GBP |
|
|
640 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(14 |
) |
| GBP |
|
|
557 |
|
|
USD |
|
|
747 |
|
|
Westpac Banking Corp. |
|
10/02/2024 |
|
|
(2 |
) |
| HUF |
|
|
3,327,107 |
|
|
USD |
|
|
9,358 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(36 |
) |
| USD |
|
|
425 |
|
|
JPY |
|
|
61,691 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(4 |
) |
| USD |
|
|
58,162 |
|
|
JPY |
|
|
8,370,707 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(79 |
) |
| JPY |
|
|
105,925,926 |
|
|
USD |
|
|
742,766 |
|
|
Deutsche Bank AG |
|
10/02/2024 |
|
|
(5,762 |
) |
| USD |
|
|
744,095 |
|
|
JPY |
|
|
107,587,526 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(4,470 |
) |
| NOK |
|
|
87,860 |
|
|
USD |
|
|
8,344 |
|
|
Bank of New York Mellon |
|
10/02/2024 |
|
|
(18 |
) |
| USD |
|
|
10,483 |
|
|
NZD |
|
|
16,742 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(153 |
) |
| USD |
|
|
24,295 |
|
|
PLN |
|
|
93,825 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(81 |
) |
| PLN |
|
|
93,825 |
|
|
USD |
|
|
24,540 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(163 |
) |
| USD |
|
|
12,593 |
|
|
RON |
|
|
56,555 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(60 |
) |
| RON |
|
|
56,555 |
|
|
USD |
|
|
12,713 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(61 |
) |
| SEK |
|
|
133,575 |
|
|
USD |
|
|
13,222 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(70 |
) |
| SEK |
|
|
39,382 |
|
|
USD |
|
|
3,898 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(20 |
) |
| USD |
|
|
13,072 |
|
|
SEK |
|
|
133,575 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(80 |
) |
| USD |
|
|
3,824 |
|
|
SEK |
|
|
39,078 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(23 |
) |
| USD |
|
|
30 |
|
|
SEK |
|
|
304 |
|
|
UBS AG London |
|
10/02/2024 |
|
|
(— |
)(h) |
| SGD |
|
|
18,361 |
|
|
USD |
|
|
14,332 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(47 |
) |
| USD |
|
|
15,056 |
|
|
SGD |
|
|
19,581 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(178 |
) |
| USD |
|
|
23,606 |
|
|
THB |
|
|
799,190 |
|
|
Standard Chartered Bank |
|
10/02/2024 |
|
|
(1,231 |
) |
| USD |
|
|
419 |
|
|
HKD |
|
|
3,260 |
|
|
Bank of America, NA |
|
10/03/2024 |
|
|
(1 |
) |
| HKD |
|
|
3,260 |
|
|
USD |
|
|
420 |
|
|
Toronto-Dominion Bank (The) |
|
10/03/2024 |
|
|
(— |
)(h) |
| USD |
|
|
1,792 |
|
|
CNY |
|
|
12,700 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
(19 |
) |
| USD |
|
|
1,776,820 |
|
|
CNY |
|
|
12,554,300 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
(13,710 |
) |
| USD |
|
|
892 |
|
|
CNY |
|
|
6,300 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
(7 |
) |
| USD |
|
|
2,831 |
|
|
CNY |
|
|
20,000 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
(22 |
) |
| USD |
|
|
5,043 |
|
|
CNY |
|
|
35,800 |
|
|
Brown Brothers Harriman & Co. |
|
10/09/2024 |
|
|
(63 |
) |
| USD |
|
|
436 |
|
|
AUD |
|
|
642 |
|
|
Bank of America, NA |
|
10/21/2024 |
|
|
(8 |
) |
| USD |
|
|
7,056 |
|
|
AUD |
|
|
10,440 |
|
|
Citibank, NA |
|
10/21/2024 |
|
|
(165 |
) |
| CAD |
|
|
271 |
|
|
USD |
|
|
201 |
|
|
Citibank, NA |
|
10/21/2024 |
|
|
(1 |
) |
| USD |
|
|
517 |
|
|
CAD |
|
|
712 |
|
|
Goldman Sachs International |
|
10/21/2024 |
|
|
(10 |
) |
| USD |
|
|
10,639 |
|
|
CAD |
|
|
14,519 |
|
|
HSBC Bank plc |
|
10/21/2024 |
|
|
(101 |
) |
| CHF |
|
|
508 |
|
|
USD |
|
|
603 |
|
|
Citibank, NA |
|
10/21/2024 |
|
|
(1 |
) |
| USD |
|
|
2,799 |
|
|
CHF |
|
|
2,476 |
|
|
HSBC Bank plc |
|
10/21/2024 |
|
|
(133 |
) |
| USD |
|
|
949 |
|
|
CZK |
|
|
22,045 |
|
|
Morgan Stanley & Co. |
|
10/21/2024 |
|
|
(24 |
) |
| USD |
|
|
679 |
|
|
DKK |
|
|
4,651 |
|
|
Goldman Sachs International |
|
10/21/2024 |
|
|
(17 |
) |
| USD |
|
|
451 |
|
|
HUF |
|
|
163,362 |
|
|
Bank of America, NA |
|
10/21/2024 |
|
|
(6 |
) |
| USD |
|
|
343 |
|
|
NOK |
|
|
3,663 |
|
|
Citibank, NA |
|
10/21/2024 |
|
|
(4 |
) |
| USD |
|
|
687 |
|
|
NZD |
|
|
1,136 |
|
|
Citibank, NA |
|
10/21/2024 |
|
|
(35 |
) |
| USD |
|
|
839 |
|
|
PLN |
|
|
3,307 |
|
|
Citibank, NA |
|
10/21/2024 |
|
|
(20 |
) |
| USD |
|
|
572 |
|
|
RON |
|
|
2,629 |
|
|
HSBC Bank plc |
|
10/21/2024 |
|
|
(16 |
) |
| USD |
|
|
1,100 |
|
|
SEK |
|
|
11,538 |
|
|
Goldman Sachs International |
|
10/21/2024 |
|
|
(37 |
) |
| USD |
|
|
8,574 |
|
|
CNY |
|
|
60,000 |
|
|
Brown Brothers Harriman & Co. |
|
11/04/2024 |
|
|
(6 |
) |
| USD |
|
|
1,790,896 |
|
|
CNY |
|
|
12,531,700 |
|
|
Brown Brothers Harriman & Co. |
|
11/04/2024 |
|
|
(1,012 |
) |
| EUR |
|
|
2,670 |
|
|
USD |
|
|
2,987 |
|
|
Citibank, NA |
|
11/04/2024 |
|
|
(10 |
) |
| EUR |
|
|
625 |
|
|
USD |
|
|
700 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
(3 |
) |
| EUR |
|
|
5,000 |
|
|
USD |
|
|
5,588 |
|
|
Morgan Stanley & Co. |
|
11/04/2024 |
|
|
(14 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| EUR |
|
|
6,860 |
|
|
USD |
|
|
7,667 |
|
|
Standard Chartered Bank |
|
|
11/04/2024 |
|
|
|
(19 |
) |
| GBP |
|
|
1,010 |
|
|
USD |
|
|
1,355 |
|
|
BNP Paribas |
|
|
11/04/2024 |
|
|
|
(4 |
) |
| GBP |
|
|
2,200 |
|
|
USD |
|
|
2,951 |
|
|
Morgan Stanley & Co. |
|
|
11/04/2024 |
|
|
|
(10 |
) |
| GBP |
|
|
4,780 |
|
|
USD |
|
|
6,412 |
|
|
Morgan Stanley & Co. |
|
|
11/04/2024 |
|
|
|
(21 |
) |
| GBP |
|
|
4,090 |
|
|
USD |
|
|
5,486 |
|
|
UBS AG London |
|
|
11/04/2024 |
|
|
|
(18 |
) |
| USD |
|
|
10,630 |
|
|
NZD |
|
|
16,742 |
|
|
Morgan Stanley & Co. |
|
|
11/04/2024 |
|
|
|
(8 |
) |
| SEK |
|
|
2,311 |
|
|
USD |
|
|
228 |
|
|
UBS AG London |
|
|
11/04/2024 |
|
|
|
(— |
)(h) |
| USD |
|
|
514 |
|
|
THB |
|
|
16,530 |
|
|
Goldman Sachs International |
|
|
11/04/2024 |
|
|
|
(1 |
) |
| USD |
|
|
24,690 |
|
|
THB |
|
|
793,080 |
|
|
Goldman Sachs International |
|
|
11/04/2024 |
|
|
|
(17 |
) |
| USD |
|
|
58,765 |
|
|
JPY |
|
|
8,432,398 |
|
|
Morgan Stanley & Co. |
|
|
11/05/2024 |
|
|
|
(204 |
) |
| JPY |
|
|
1,169,980 |
|
|
USD |
|
|
8,218 |
|
|
UBS AG London |
|
|
11/05/2024 |
|
|
|
(36 |
) |
| USD |
|
|
338 |
|
|
CLP |
|
|
319,372 |
|
|
HSBC Bank plc |
|
|
12/18/2024 |
|
|
|
(17 |
) |
| USD |
|
|
57,802 |
|
|
CNH |
|
|
408,370 |
|
|
Morgan Stanley & Co. |
|
|
12/18/2024 |
|
|
|
(849 |
) |
| USD |
|
|
996 |
|
|
IDR |
|
|
15,451,037 |
|
|
Bank of America, NA |
|
|
12/18/2024 |
|
|
|
(21 |
) |
| USD |
|
|
412 |
|
|
IDR |
|
|
6,344,210 |
|
|
Goldman Sachs International |
|
|
12/18/2024 |
|
|
|
(5 |
) |
| USD |
|
|
32,665 |
|
|
IDR |
|
|
506,658,432 |
|
|
UBS AG London |
|
|
12/18/2024 |
|
|
|
(695 |
) |
| USD |
|
|
777 |
|
|
ILS |
|
|
2,907 |
|
|
Citibank, NA |
|
|
12/18/2024 |
|
|
|
(4 |
) |
| USD |
|
|
87,831 |
|
|
KRW |
|
|
117,433,600 |
|
|
UBS AG London |
|
|
12/18/2024 |
|
|
|
(2,386 |
) |
| USD |
|
|
87 |
|
|
MXN |
|
|
1,733 |
|
|
Bank of America, NA |
|
|
12/18/2024 |
|
|
|
(— |
)(h) |
| USD |
|
|
1,659 |
|
|
MXN |
|
|
33,500 |
|
|
Goldman Sachs International |
|
|
12/18/2024 |
|
|
|
(22 |
) |
| USD |
|
|
28,076 |
|
|
MYR |
|
|
121,640 |
|
|
Morgan Stanley & Co. |
|
|
12/18/2024 |
|
|
|
(1,533 |
) |
| USD |
|
|
1,425 |
|
|
MYR |
|
|
6,136 |
|
|
Morgan Stanley & Co. |
|
|
12/18/2024 |
|
|
|
(69 |
) |
| USD |
|
|
205 |
|
|
PEN |
|
|
778 |
|
|
Bank of America, NA |
|
|
12/18/2024 |
|
|
|
(5 |
) |
| USD |
|
|
1,300 |
|
|
SGD |
|
|
1,689 |
|
|
Citibank, NA |
|
|
12/18/2024 |
|
|
|
(20 |
) |
| USD |
|
|
718 |
|
|
THB |
|
|
24,028 |
|
|
Goldman Sachs International |
|
|
12/18/2024 |
|
|
|
(32 |
) |
| USD |
|
|
716 |
|
|
THB |
|
|
24,028 |
|
|
HSBC Bank plc |
|
|
12/18/2024 |
|
|
|
(35 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized depreciation |
|
|
|
|
|
|
(113,086 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized appreciation (depreciation) |
|
|
|
|
|
|
(66,780 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTC Interest Rate Swaps contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/
RECEIVE
FLOATING
RATE |
|
|
COUNTERPARTY |
|
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| Bank Negara Malaysia KLIBOR Interbank Offered Rate Fixing 3 Month |
|
2.44%
quarterly |
|
|
Pay |
|
|
|
Morgan
Stanley &
Co. |
|
|
|
11/17/2030 |
|
|
MYR |
5,000 |
|
|
|
(— |
)(h) |
|
|
(74 |
) |
|
|
(74 |
) |
| Bank Negara Malaysia KLIBOR Interbank Offered Rate Fixing 3 Month |
|
3.88%
quarterly |
|
|
Pay |
|
|
|
Morgan
Stanley &
Co. |
|
|
|
11/23/2030 |
|
|
MYR |
1,030 |
|
|
|
— |
|
|
|
5 |
|
|
|
5 |
|
| Bank Negara Malaysia KLIBOR Interbank Offered Rate Fixing 3 Month |
|
3.81%
quarterly |
|
|
Pay |
|
|
|
Goldman
Sachs |
|
|
|
05/17/2031 |
|
|
MYR |
2,300 |
|
|
|
— |
|
|
|
10 |
|
|
|
10 |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.36%
quarterly |
|
|
Pay |
|
|
|
Morgan
Stanley &
Co. |
|
|
|
09/01/2030 |
|
|
CNY |
7,000 |
|
|
|
— |
|
|
|
29 |
|
|
|
29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
(— |
)(h) |
|
|
(30 |
) |
|
|
(30 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| Bank of Israel Tel Aviv Interbank Offered 3 Month |
|
4.22%
annually |
|
Pay |
|
|
5/17/2029 |
|
|
ILS |
1,000 |
|
|
|
(2 |
) |
|
|
5 |
|
|
|
3 |
|
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.10%
semi-
annually |
|
Pay |
|
|
12/3/2025 |
|
|
JPY |
140,000 |
|
|
|
(— |
)(h) |
|
|
(4 |
) |
|
|
(4 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.24%
annually |
|
Pay |
|
|
2/2/2026 |
|
|
JPY |
120,000 |
|
|
|
— |
(h) |
|
|
(1 |
) |
|
|
(1 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
(0.05)%
annually |
|
Pay |
|
|
7/8/2027 |
|
|
JPY |
400,000 |
|
|
|
(32 |
) |
|
|
(13 |
) |
|
|
(45 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
(0.05)%
annually |
|
Pay |
|
|
7/8/2028 |
|
|
JPY |
975,000 |
|
|
|
(162 |
) |
|
|
4 |
|
|
|
(158 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.65%
annually |
|
Pay |
|
|
7/8/2029 |
|
|
JPY |
365,000 |
|
|
|
(— |
)(h) |
|
|
9 |
|
|
|
9 |
|
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
(0.05)%
annually |
|
Receive |
|
|
7/8/2029 |
|
|
JPY |
25,000 |
|
|
|
5 |
|
|
|
(— |
)(h) |
|
|
5 |
|
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
(0.05)%
annually |
|
Receive |
|
|
7/8/2030 |
|
|
JPY |
780,000 |
|
|
|
257 |
|
|
|
(40 |
) |
|
|
217 |
|
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.30%
semi-
annually |
|
Pay |
|
|
12/3/2030 |
|
|
JPY |
143,500 |
|
|
|
(— |
)(h) |
|
|
(25 |
) |
|
|
(25 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.05%
annually |
|
Pay |
|
|
7/8/2032 |
|
|
JPY |
120,000 |
|
|
|
(40 |
) |
|
|
(5 |
) |
|
|
(45 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.10%
annually |
|
Pay |
|
|
7/8/2033 |
|
|
JPY |
245,000 |
|
|
|
(98 |
) |
|
|
(5 |
) |
|
|
(103 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.01%
annually |
|
Pay |
|
|
7/8/2034 |
|
|
JPY |
200,000 |
|
|
|
(95 |
) |
|
|
(18 |
) |
|
|
(113 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.15%
annually |
|
Pay |
|
|
7/8/2037 |
|
|
JPY |
135,000 |
|
|
|
(79 |
) |
|
|
(23 |
) |
|
|
(102 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.30%
annually |
|
Pay |
|
|
7/8/2043 |
|
|
JPY |
210,000 |
|
|
|
(225 |
) |
|
|
(36 |
) |
|
|
(261 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
1.55%
annually |
|
Pay |
|
|
7/8/2044 |
|
|
JPY |
110,000 |
|
|
|
3 |
|
|
|
21 |
|
|
|
24 |
|
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.45%
annually |
|
Pay |
|
|
7/8/2048 |
|
|
JPY |
115,000 |
|
|
|
(142 |
) |
|
|
(31 |
) |
|
|
(173 |
) |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
0.45%
annually |
|
Pay |
|
|
7/8/2054 |
|
|
JPY |
255,000 |
|
|
|
(463 |
) |
|
|
(33 |
) |
|
|
(496 |
) |
| BBSW ASX Australian 6 Month |
|
2.50%
semi-
annually |
|
Pay |
|
|
12/3/2025 |
|
|
AUD |
3,390 |
|
|
|
270 |
|
|
|
(329 |
) |
|
|
(59 |
) |
| BBSW ASX Australian 6 Month |
|
2.55%
semi-
annually |
|
Pay |
|
|
12/3/2026 |
|
|
AUD |
770 |
|
|
|
(26 |
) |
|
|
9 |
|
|
|
(17 |
) |
| BBSW ASX Australian 6 Month |
|
2.75%
semi-
annually |
|
Pay |
|
|
12/3/2030 |
|
|
AUD |
1,035 |
|
|
|
144 |
|
|
|
(191 |
) |
|
|
(47 |
) |
| BBSW ASX Australian 6 Month |
|
2.75%
semi-
annually |
|
Pay |
|
|
12/3/2031 |
|
|
AUD |
210 |
|
|
|
(13 |
) |
|
|
2 |
|
|
|
(11 |
) |
| BBSW ASX Australian 6 Month |
|
2.80%
semi-
annually |
|
Pay |
|
|
12/3/2033 |
|
|
AUD |
3,695 |
|
|
|
(326 |
) |
|
|
71 |
|
|
|
(255 |
) |
| BBSW ASX Australian 6 Month |
|
2.80%
semi-
annually |
|
Pay |
|
|
12/3/2033 |
|
|
AUD |
485 |
|
|
|
(42 |
) |
|
|
8 |
|
|
|
(34 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| BBSW ASX Australian 6 Month |
|
2.85%
semi-
annually |
|
Pay |
|
|
12/3/2034 |
|
|
AUD |
520 |
|
|
|
(46 |
) |
|
|
7 |
|
|
|
(39 |
) |
| Canadian Overnight Repo Rate Average |
|
4.45%
semi-
annually |
|
Pay |
|
|
12/3/2024 |
|
|
CAD |
13,145 |
|
|
|
45 |
|
|
|
(44 |
) |
|
|
1 |
|
| Canadian Overnight Repo Rate Average |
|
3.85%
semi-
annually |
|
Pay |
|
|
12/3/2026 |
|
|
CAD |
4,285 |
|
|
|
2 |
|
|
|
63 |
|
|
|
65 |
|
| Canadian Overnight Repo Rate Average |
|
3.65%
semi-
annually |
|
Pay |
|
|
12/3/2027 |
|
|
CAD |
10,850 |
|
|
|
133 |
|
|
|
80 |
|
|
|
213 |
|
| Canadian Overnight Repo Rate Average |
|
3.50%
semi-
annually |
|
Pay |
|
|
12/3/2029 |
|
|
CAD |
3,550 |
|
|
|
56 |
|
|
|
47 |
|
|
|
103 |
|
| Canadian Overnight Repo Rate Average |
|
3.45%
semi-
annually |
|
Pay |
|
|
12/3/2032 |
|
|
CAD |
3,490 |
|
|
|
40 |
|
|
|
85 |
|
|
|
125 |
|
| Canadian Overnight Repo Rate Average |
|
3.50%
semi-
annually |
|
Pay |
|
|
12/3/2033 |
|
|
CAD |
800 |
|
|
|
(2 |
) |
|
|
34 |
|
|
|
32 |
|
| Canadian Overnight Repo Rate Average |
|
3.55%
semi-
annually |
|
Pay |
|
|
12/3/2042 |
|
|
CAD |
1,895 |
|
|
|
57 |
|
|
|
34 |
|
|
|
91 |
|
| Canadian Overnight Repo Rate Average |
|
3.40%
semi-
annually |
|
Pay |
|
|
12/3/2049 |
|
|
CAD |
480 |
|
|
|
(1 |
) |
|
|
23 |
|
|
|
22 |
|
| Canadian Overnight Repo Rate Average |
|
3.30%
semi-
annually |
|
Pay |
|
|
12/3/2052 |
|
|
CAD |
1,510 |
|
|
|
36 |
|
|
|
26 |
|
|
|
62 |
|
| Canadian Overnight Repo Rate Average |
|
3.30%
semi-
annually |
|
Pay |
|
|
12/3/2053 |
|
|
CAD |
860 |
|
|
|
23 |
|
|
|
15 |
|
|
|
38 |
|
| Canadian Overnight Repo Rate Average |
|
3.25%
semi-
annually |
|
Pay |
|
|
12/3/2054 |
|
|
CAD |
275 |
|
|
|
(1 |
) |
|
|
12 |
|
|
|
11 |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.30%
quarterly |
|
Pay |
|
|
5/11/2025 |
|
|
CNY |
19,045 |
|
|
|
12 |
|
|
|
(— |
)(h) |
|
|
12 |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.81%
quarterly |
|
Pay |
|
|
4/12/2026 |
|
|
CNY |
3,590 |
|
|
|
— |
(h) |
|
|
10 |
|
|
|
10 |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.40%
quarterly |
|
Pay |
|
|
5/11/2026 |
|
|
CNY |
5,970 |
|
|
|
7 |
|
|
|
4 |
|
|
|
11 |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.60%
quarterly |
|
Pay |
|
|
5/11/2028 |
|
|
CNY |
91,220 |
|
|
|
206 |
|
|
|
210 |
|
|
|
416 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.40%
quarterly |
|
Pay |
|
|
12/6/2028 |
|
|
CNY |
5,000 |
|
|
|
11 |
|
|
|
8 |
|
|
|
19 |
|
| CFETS China Fixing Repo Rates 7 Day |
|
2.65%
quarterly |
|
Pay |
|
|
5/10/2029 |
|
|
CNY |
53,435 |
|
|
|
269 |
|
|
|
31 |
|
|
|
300 |
|
| Colombia IBR Overnight Nominal Interbank Reference Rate |
|
7.81%
quarterly |
|
Pay |
|
|
5/21/2029 |
|
|
COP |
1,000,000 |
|
|
|
—
|
(h) |
|
|
6 |
|
|
|
6 |
|
| Colombia IBR Overnight Nominal Interbank Reference Rate |
|
4.44%
quarterly |
|
Pay |
|
|
9/10/2030 |
|
|
COP |
2,257,000 |
|
|
|
—
|
(h) |
|
|
(73 |
) |
|
|
(73 |
) |
| Copenhagen Interbank Offered Rates 6 Month |
|
3.20%
annually |
|
Pay |
|
|
7/10/2034 |
|
|
DKK |
1,000 |
|
|
|
6 |
|
|
|
3 |
|
|
|
9 |
|
| Czech Interbank Offered Rates 6 Month |
|
3.51%
annually |
|
Pay |
|
|
3/20/2031 |
|
|
CZK |
10,000 |
|
|
|
(14 |
) |
|
|
31 |
|
|
|
17 |
|
| ESTR Volume Weighted Trimmed Mean Rate |
|
1.20%
annually |
|
Pay |
|
|
5/11/2052 |
|
|
EUR |
1,810 |
|
|
|
(182 |
) |
|
|
(282 |
) |
|
|
(464 |
) |
| GPW Benchmark WIBID/WIBOR PLN 6 Months |
|
4.35%
annually |
|
Pay |
|
|
5/11/2031 |
|
|
PLN |
1,000 |
|
|
|
(11 |
) |
|
|
10 |
|
|
|
(1 |
) |
| GPW Benchmark WIBID/WIBOR PLN 6 Months |
|
4.82%
annually |
|
Pay |
|
|
11/28/2030 |
|
|
PLN |
1,000 |
|
|
|
—
|
(h) |
|
|
12 |
|
|
|
12 |
|
| KRW Certificate of Deposit 3 Month |
|
1.00%
quarterly |
|
Pay |
|
|
9/1/2025 |
|
|
KRW |
2,400,000 |
|
|
|
—
|
(h) |
|
|
(39 |
) |
|
|
(39 |
) |
| KRW Certificate of Deposit 3 Month |
|
3.14%
quarterly |
|
Pay |
|
|
4/19/2028 |
|
|
KRW |
860,000 |
|
|
|
—
|
(h) |
|
|
7 |
|
|
|
7 |
|
| KRW Certificate of Deposit 3 Month |
|
1.07%
quarterly |
|
Pay |
|
|
4/27/2030 |
|
|
KRW |
200,000 |
|
|
|
(8 |
) |
|
|
(6 |
) |
|
|
(14 |
) |
| KRW Certificate of Deposit 3 Month |
|
0.97%
quarterly |
|
Pay |
|
|
8/14/2030 |
|
|
KRW |
2,100,000 |
|
|
|
—
|
(h) |
|
|
(165 |
) |
|
|
(165 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| KRW Certificate of Deposit 3 Month |
|
0.94%
quarterly |
|
Pay |
|
|
8/19/2030 |
|
|
KRW |
5,075,000 |
|
|
|
(82 |
) |
|
|
(315 |
) |
|
|
(397 |
) |
| KRW Certificate of Deposit 3 Month |
|
2.82%
quarterly |
|
Pay |
|
|
4/28/2032 |
|
|
KRW |
1,245,595 |
|
|
|
(13 |
) |
|
|
14 |
|
|
|
1 |
|
| KRW Certificate of Deposit 3 Month |
|
3.15%
quarterly |
|
Pay |
|
|
3/10/2033 |
|
|
KRW |
1,868,660 |
|
|
|
(15 |
) |
|
|
52 |
|
|
|
37 |
|
| KRW Certificate of Deposit 3 Month |
|
3.61%
quarterly |
|
Pay |
|
|
11/24/2033 |
|
|
KRW |
805,000 |
|
|
|
—
|
(h) |
|
|
40 |
|
|
|
40 |
|
| KRW Certificate of Deposit 3 Month |
|
3.15%
quarterly |
|
Pay |
|
|
3/10/2034 |
|
|
KRW |
2,157,620 |
|
|
|
(17 |
) |
|
|
62 |
|
|
|
45 |
|
| KRW Certificate of Deposit 3 Month |
|
3.10%
quarterly |
|
Pay |
|
|
3/10/2043 |
|
|
KRW |
161,125 |
|
|
|
(3 |
) |
|
|
9 |
|
|
|
6 |
|
| National Bank of Hungary Budapest Interbank Offered Rates 6 Month Index |
|
6.85%
annually |
|
Pay |
|
|
5/6/2031 |
|
|
HUF |
60,000 |
|
|
|
5 |
|
|
|
7 |
|
|
|
12 |
|
| Norway Interbank Offered Rate Fixing 6 Month |
|
3.85%
annually |
|
Pay |
|
|
7/10/2034 |
|
|
NOK |
1,300 |
|
|
|
3 |
|
|
|
1 |
|
|
|
4 |
|
| NZD Bank Bill 3 Month |
|
4.24%
semi-
annually |
|
Pay |
|
|
6/30/2032 |
|
|
NZD |
500 |
|
|
|
(6 |
) |
|
|
20 |
|
|
|
14 |
|
| Singapore Domestic Interbank Overnight Rate Average |
|
3.24%
semi-
annually |
|
Pay |
|
|
5/3/2034 |
|
|
SGD |
300 |
|
|
|
4 |
|
|
|
12 |
|
|
|
16 |
|
| SONIA Interest Rate Benchmark |
|
0.45%
annually |
|
Pay |
|
|
3/31/2026 |
|
|
GBP |
1,250 |
|
|
|
—
|
(h) |
|
|
(125 |
) |
|
|
(125 |
) |
| SONIA Interest Rate Benchmark |
|
1.00%
annually |
|
Receive |
|
|
5/8/2026 |
|
|
GBP |
1,330 |
|
|
|
(115 |
) |
|
|
5 |
|
|
|
(110 |
) |
| SONIA Interest Rate Benchmark |
|
1.10%
annually |
|
Receive |
|
|
5/8/2029 |
|
|
GBP |
2,010 |
|
|
|
(308 |
) |
|
|
(19 |
) |
|
|
(327 |
) |
| SONIA Interest Rate Benchmark |
|
1.10%
annually |
|
Receive |
|
|
5/8/2030 |
|
|
GBP |
4,590 |
|
|
|
1,148 |
|
|
|
(284 |
) |
|
|
864 |
|
| SONIA Interest Rate Benchmark |
|
3.90%
annually |
|
Receive |
|
|
5/8/2031 |
|
|
GBP |
1,145 |
|
|
|
(20 |
) |
|
|
(—
|
)(h) |
|
|
(20 |
) |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| SONIA Interest Rate Benchmark |
|
1.15%
annually |
|
Receive |
|
|
5/8/2033 |
|
|
GBP |
165 |
|
|
|
(50 |
) |
|
|
7 |
|
|
|
(43 |
) |
| SONIA Interest Rate Benchmark |
|
1.20%
annually |
|
Pay |
|
|
5/8/2038 |
|
|
GBP |
345 |
|
|
|
(140 |
) |
|
|
10 |
|
|
|
(130 |
) |
| SONIA Interest Rate Benchmark |
|
1.25%
annually |
|
Pay |
|
|
5/8/2039 |
|
|
GBP |
1,080 |
|
|
|
(468 |
) |
|
|
44 |
|
|
|
(424 |
) |
| SONIA Interest Rate Benchmark |
|
3.90%
annually |
|
Receive |
|
|
5/8/2039 |
|
|
GBP |
1,470 |
|
|
|
(28 |
) |
|
|
4 |
|
|
|
(24 |
) |
| SONIA Interest Rate Benchmark |
|
1.25%
annually |
|
Receive |
|
|
5/8/2043 |
|
|
GBP |
895 |
|
|
|
381 |
|
|
|
41 |
|
|
|
422 |
|
| SONIA Interest Rate Benchmark |
|
1.25%
annually |
|
Pay |
|
|
5/8/2046 |
|
|
GBP |
1,865 |
|
|
|
299 |
|
|
|
(1,273 |
) |
|
|
(974 |
) |
| SONIA Interest Rate Benchmark |
|
1.25%
annually |
|
Pay |
|
|
5/8/2048 |
|
|
GBP |
1,155 |
|
|
|
(638 |
) |
|
|
1 |
|
|
|
(637 |
) |
| SONIA Interest Rate Benchmark |
|
1.25%
annually |
|
Pay |
|
|
5/8/2054 |
|
|
GBP |
950 |
|
|
|
(579 |
) |
|
|
(11 |
) |
|
|
(590 |
) |
| SONIA Interest Rate Benchmark |
|
3.90%
annually |
|
Pay |
|
|
5/8/2054 |
|
|
GBP |
330 |
|
|
|
(2 |
) |
|
|
8 |
|
|
|
6 |
|
| Stockholm Interbank Offered Rates 3 Month |
|
3.15%
annually |
|
Pay |
|
|
7/10/2032 |
|
|
SEK |
1,000 |
|
|
|
5 |
|
|
|
2 |
|
|
|
7 |
|
| Swiss Average Rate ON Intraday Value |
|
2.00%
annually |
|
Pay |
|
|
5/8/2030 |
|
|
CHF |
1,700 |
|
|
|
80 |
|
|
|
97 |
|
|
|
177 |
|
| Swiss Average Rate ON Intraday Value |
|
0.13%
annually |
|
Pay |
|
|
11/5/2031 |
|
|
CHF |
150 |
|
|
|
2 |
|
|
|
(9 |
) |
|
|
(7 |
) |
| Swiss Average Rate ON Intraday Value |
|
1.91%
annually |
|
Pay |
|
|
3/31/2033 |
|
|
CHF |
400 |
|
|
|
—
|
(h) |
|
|
56 |
|
|
|
56 |
|
| Swiss Average Rate ON Intraday Value |
|
2.00%
annually |
|
Pay |
|
|
5/8/2034 |
|
|
CHF |
440 |
|
|
|
40 |
|
|
|
32 |
|
|
|
72 |
|
| Thailand Overnight Repo Rate ON |
|
1.15%
quarterly |
|
Pay |
|
|
11/19/2030 |
|
|
THB |
31,000 |
|
|
|
—
|
(h) |
|
|
(59 |
) |
|
|
(59 |
) |
| Thailand Overnight Repo Rate ON |
|
2.86%
quarterly |
|
Pay |
|
|
4/23/2034 |
|
|
THB |
15,000 |
|
|
|
—
|
(h) |
|
|
19 |
|
|
|
19 |
|
| United States SOFR |
|
1.75%
annually |
|
Pay |
|
|
6/15/2025 |
|
|
USD |
15,200 |
|
|
|
(730 |
) |
|
|
317 |
|
|
|
(413 |
) |
| United States SOFR |
|
3.50%
annually |
|
Receive |
|
|
6/21/2026 |
|
|
USD |
5,500 |
|
|
|
130 |
|
|
|
(99 |
) |
|
|
31 |
|
| United States SOFR |
|
3.75%
annually |
|
Pay |
|
|
12/18/2026 |
|
|
USD |
21,400 |
|
|
|
143 |
|
|
|
56 |
|
|
|
199 |
|
| United States SOFR |
|
2.00%
annually |
|
Receive |
|
|
12/21/2027 |
|
|
USD |
5,400 |
|
|
|
449 |
|
|
|
(91 |
) |
|
|
358 |
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
PAY/RECEIVE
FLOATING
RATE |
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS) ($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
|
VALUE ($) |
|
| United States SOFR |
|
1.22%
annually |
|
Receive |
|
|
8/15/2028 |
|
|
USD |
5,797 |
|
|
|
— |
(h) |
|
|
464 |
|
|
|
464 |
|
| United States SOFR |
|
1.50%
semi-
annually |
|
Pay |
|
|
12/15/2028 |
|
|
USD |
27,300 |
|
|
|
(3,606 |
) |
|
|
1,470 |
|
|
|
(2,136 |
) |
| United States SOFR |
|
4.25%
annually |
|
Receive |
|
|
3/20/2029 |
|
|
USD |
15,800 |
|
|
|
(513 |
) |
|
|
(32 |
) |
|
|
(545 |
) |
| United States SOFR |
|
3.75%
annually |
|
Pay |
|
|
12/18/2029 |
|
|
USD |
18,000 |
|
|
|
256 |
|
|
|
196 |
|
|
|
452 |
|
| United States SOFR |
|
3.50%
annually |
|
Pay |
|
|
12/20/2030 |
|
|
USD |
14,000 |
|
|
|
484 |
|
|
|
(458 |
) |
|
|
26 |
|
| United States SOFR |
|
3.75%
annually |
|
Receive |
|
|
6/20/2031 |
|
|
USD |
19,200 |
|
|
|
(121 |
) |
|
|
578 |
|
|
|
457 |
|
| United States SOFR |
|
3.75%
annually |
|
Receive |
|
|
6/20/2031 |
|
|
USD |
2,500 |
|
|
|
13 |
|
|
|
(73 |
) |
|
|
(60 |
) |
| United States SOFR |
|
3.50%
annually |
|
Receive |
|
|
12/20/2033 |
|
|
USD |
45,100 |
|
|
|
2,149 |
|
|
|
(2,141 |
) |
|
|
8 |
|
| United States SOFR |
|
3.75%
annually |
|
Receive |
|
|
6/20/2034 |
|
|
USD |
4,800 |
|
|
|
171 |
|
|
|
(316 |
) |
|
|
(145 |
) |
| United States SOFR |
|
3.75%
annually |
|
Pay |
|
|
12/18/2034 |
|
|
USD |
14,500 |
|
|
|
(195 |
) |
|
|
(350 |
) |
|
|
(545 |
) |
| United States SOFR |
|
3.25%
annually |
|
Receive |
|
|
12/20/2053 |
|
|
USD |
7,200 |
|
|
|
835 |
|
|
|
(607 |
) |
|
|
228 |
|
| United States SOFR |
|
3.50%
annually |
|
Receive |
|
|
12/18/2054 |
|
|
USD |
4,500 |
|
|
|
(53 |
) |
|
|
(115 |
) |
|
|
(168 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
(1,533 |
) |
|
|
(3,229 |
) |
|
|
(4,762 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Value of floating rate index as of September 30, 2024 was as follows: |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
| FLOATING RATE INDEX |
|
|
|
| Bank Negara Malaysia KLIBOR Interbank Offered Rate Fixing 3 Month |
|
|
3.55 |
% |
| Bank Of Israel Tel Aviv Interbank Offered 3 Month |
|
|
4.51 |
% |
| Bank of Japan Final Result: Unsecured Overnight Call Rate TONAR |
|
|
0.23 |
% |
| BBSW ASX Australian 6 Month |
|
|
4.62 |
% |
| Canadian Overnight Repo Rate Average |
|
|
4.30 |
% |
| CFETS China Fixing Repo Rates 7 Day |
|
|
2.40 |
% |
| Colombia IBR Overnight Nominal Interbank Reference Rate |
|
|
10.08 |
% |
| Copenhagen Interbank Offered Rates 6 Month |
|
|
3.17 |
% |
| Czech Interbank Offered Rates 6 Month |
|
|
3.94 |
% |
| ESTR Volume Weighted Trimmed Mean Rate |
|
|
3.41 |
% |
| GPW Benchmark WIBID/WIBOR PLN 6 Months |
|
|
5.75 |
% |
| KRW Certificate of Deposit 3 Month |
|
|
3.53 |
% |
| National Bank of Hungary Budapest Interbank Offered Rates 6 Month Index |
|
|
6.21 |
% |
| Norway Interbank Offered Rate Fixing 6 Month |
|
|
4.72 |
% |
| NZD Bank Bill 3 Months |
|
|
4.87 |
% |
| Singapore Domestic Interbank Overnight Rate Average |
|
|
3.88 |
% |
| SONIA Interest Rate Benchmark |
|
|
4.95 |
% |
| Stockholm Interbank Offered Rates 3 months |
|
|
3.08 |
% |
| Swiss Average Rate ON Intraday Value |
|
|
0.96 |
% |
| Thailand Overnight Repo Rate ON |
|
|
2.48 |
% |
| United States SOFR |
|
|
4.96 |
% |
Centrally Cleared Credit Default Swaps contracts outstanding — buy protection (1) as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REFERENCE
OBLIGATION/
INDEX |
|
FINANCING
RATE PAID
BY THE FUND(%) |
|
|
PAYMENT
FREQUENCY |
|
|
MATURITY
DATE |
|
|
IMPLIED
CREDIT
SPREAD
(%) (2) |
|
|
NOTIONAL
AMOUNT (3) |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) (4) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| CDX.NA.IG.43 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
12/20/2029 |
|
|
|
0.53 |
|
|
|
USD |
|
|
|
4,240 |
|
|
|
(96 |
) |
|
|
— |
(h) |
|
|
(96 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
(96 |
) |
|
|
— |
(h) |
|
|
(96 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
The Fund, as a buyer of credit protection, is generally obligated to make periodic payments and may also pay or
receive an upfront premium to or from the protection seller, in exchange for the right to receive a contingent payment, upon occurrence of a credit event with respect to an underlying reference obligation, as defined under the terms of individual
swap contracts. |
| (2) |
Implied credit spreads are an indication of the seller’s performance risk, related to the likelihood of a
credit event occurring that would require a seller to make payment to a buyer. Implied credit spreads are used to determine the value of swap contracts and reflect the cost of buying/selling protection, which may include upfront payments made to
enter into the contract. Therefore, higher spreads would indicate a greater likelihood that a seller will be obligated to perform (i.e. make payment) under the swap contract. Increasing values, in absolute terms and relative to notional amounts, are
also indicative of greater performance risk. Implied credit spreads for credit default swaps on credit indices are linked to the weighted average spread across the underlying reference obligations included in a particular index.
|
| (3) |
The notional amount is the maximum amount that a seller of credit protection would be obligated to pay and a
buyer of credit protection would receive, upon occurrence of a credit event. |
| (4) |
Upfront payments and receipts generally represent premiums paid or received at the initiation of the agreement
to compensate the differences between the stated terms of the swap agreement and current market conditions (credit spreads, interest rates and other relevant factors). |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Written Put Option contracts on securities as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
COUNTERPARTY |
|
|
NUMBER OF
CONTRACTS |
|
|
NOTIONAL
AMOUNT |
|
|
EXERCISE
PRICE |
|
|
EXPIRATION
DATE |
|
|
VALUE |
|
| FNMA or FHLMC, Single Family, 30 years, TBA, 4.00%, 10/15/2054 |
|
|
Citigroup Global
Markets, Inc. |
|
|
|
(12,000 |
) |
|
USD |
— |
(h) |
|
USD |
91.13 |
|
|
|
10/08/2024 |
|
|
|
— |
(h) |
| FNMA or FHLMC, Single Family, 30 years, TBA, 5.00%, 10/15/2054 |
|
|
Citigroup Global
Markets, Inc. |
|
|
|
(8,000 |
) |
|
USD |
(70 |
) |
|
USD |
98.48 |
|
|
|
10/08/2024 |
|
|
|
(1 |
) |
| FNMA or FHLMC, Single Family, 30 years, TBA, 5.00%, 10/15/2054 |
|
|
Citigroup Global
Markets, Inc. |
|
|
|
(9,500 |
) |
|
USD |
(407 |
) |
|
USD |
99.13 |
|
|
|
10/08/2024 |
|
|
|
(4 |
) |
| FNMA or FHLMC, Single Family, 30 years, TBA, 5.00%, 10/15/2054 |
|
|
Citigroup Global
Markets, Inc. |
|
|
|
(24,000 |
) |
|
USD |
(6,100 |
) |
|
USD |
99.94 |
|
|
|
10/08/2024 |
|
|
|
(61 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(66 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Written Call Option contracts on securities as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
COUNTERPARTY |
|
|
NUMBER OF
CONTRACTS |
|
|
NOTIONAL
AMOUNT |
|
|
EXERCISE
PRICE |
|
|
EXPIRATION
DATE |
|
|
VALUE |
|
| FNMA or FHLMC, Single Family, 30 years, TBA, 4.00%, 10/15/2054 |
|
|
Citigroup Global
Markets, Inc. |
|
|
|
(12,000 |
) |
|
USD |
(22,024 |
) |
|
USD |
94.13 |
|
|
|
10/08/2024 |
|
|
$ |
(234 |
) |
| FNMA or FHLMC, Single Family, 30 years, TBA, 4.50%, 10/15/2054 |
|
|
Citigroup Global
Markets, Inc. |
|
|
|
(13,000 |
) |
|
USD |
(2,488 |
) |
|
USD |
98.64 |
|
|
|
10/08/2024 |
|
|
|
(25 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(259 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Written Options Contracts (Premiums Received $249) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(325 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Reverse Repurchase Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| COUNTERPARTY |
|
BORROWING
RATE |
|
|
SETTLEMENT
DATE |
|
|
MATURITY
DATE |
|
|
AMOUNT
BORROWED |
|
|
PAYABLE
FOR REVERSE
REPURCHASE
AGREEMENTS |
|
|
COLLATERAL
PLEDGED/
(RECEIVED) |
|
|
NET AMOUNT
(DUE TO)/ FROM
COUNTERPATRY |
|
| Wells Fargo Bank NA |
|
|
5.07 |
% |
|
|
9/27/2024 |
|
|
|
10/15/2024 |
|
|
|
(8,026 |
) |
|
|
(8,030 |
) |
|
|
8,030 |
|
|
|
— |
|
| Citigroup Global Markets Ltd. |
|
|
5.29 |
% |
|
|
9/16/2024 |
|
|
|
10/15/2024 |
|
|
|
(116,551 |
) |
|
|
(6,469 |
) |
|
|
6,469 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14,499 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounted for as Secured Borrowings
Remaining Contractual Maturity of the Agreements
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
OVERNIGHT
AND
CONTINUOUS |
|
|
UP TO 30 DAYS |
|
|
31-90 DAYS |
|
|
GREATER THAN
90 DAYS |
|
|
TOTAL |
|
| Reverse Repurchase Agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage Backed Securities |
|
|
— |
|
|
|
(14,499 |
) |
|
|
— |
|
|
|
— |
|
|
|
(14,499 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payable for Reverse Repurchase Agreements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sale-Buyback Transactions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| COUNTERPARTY |
|
BORROWING
DATE |
|
|
MATURITY
DATE |
|
|
BORROWING
RATE |
|
|
AMOUNT
BORROWED |
|
|
PAYABLE FOR
SALE-BUYBACK
TRANSACTIONS |
|
| BofA Securities, Inc. |
|
|
9/27/2024 |
|
|
|
10/3/2024 |
|
|
|
5.19 |
% |
|
|
(1,670 |
) |
|
|
(1,671 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024
|
|
|
|
|
| ACES |
|
— |
|
Alternative Credit Enhancement Securities |
| ARM |
|
— |
|
Adjustable Rate Mortgage. The interest rate shown is the rate in effect as of September 30, 2024. |
| ASX |
|
— |
|
Australian Stock Exchange |
| BAM |
|
— |
|
Insured by Build America Mutual |
| BBSW |
|
— |
|
Bank Bill Swap Rate |
| CDX |
|
— |
|
Credit Default Swap Index |
| CFETS |
|
— |
|
China Foreign Exchange Trade System |
| CLO |
|
— |
|
Collateralized Loan Obligations |
| CMT |
|
— |
|
Constant Maturity Treasury |
| CPI |
|
— |
|
Consumer Price Index |
| EURIBOR |
|
— |
|
Euro Interbank Offered Rate |
| ESTR |
|
— |
|
Euro short-term rate |
| FHA |
|
— |
|
Federal Housing Administration |
| FHLB |
|
— |
|
Federal Home Loan Bank |
| FHLMC |
|
— |
|
Federal Home Loan Mortgage Corp. |
| FNMA |
|
— |
|
Federal National Mortgage Association |
| GNMA |
|
— |
|
Government National Mortgage Association |
| GO |
|
— |
|
General Obligation |
| GPW |
|
— |
|
Polish Stock Market |
| IBR |
|
— |
|
Indicador Bancario de Referencia |
| IF |
|
— |
|
Inverse Floaters represent securities that pay interest at a rate that increases (decreases) with a decline (incline) in a specified index. The interest rate shown is the rate in effect as of September 30, 2024. The rate may be
subject to a cap and floor. |
| IO |
|
— |
|
Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are
subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably. |
| KLIBOR |
|
— |
|
Kuala Lumpur Interbank Offered Rate |
| OYJ |
|
— |
|
Public Limited Company |
| PO |
|
— |
|
Principal Only represents the right to receive the principal portion only on an underlying pool of mortgage loans. The market value of these securities is extremely volatile in response to changes in market interest rates. As
prepayments on the underlying mortgages of these securities increase, the yield on these securities increases. |
| REIT |
|
— |
|
Real Estate Investment Trust |
| Reg. S |
|
— |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), which exempts from registration securities offered and sold outside of the United States. Such a security
cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act, or pursuant to an exemption from registration. |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS (continued)
|
|
|
|
|
| REMICS |
|
— |
|
Real Estate Mortgage Investment Conduit |
| Rev. |
|
— |
|
Revenue |
| SOFR |
|
— |
|
Secured Overnight Financing Rate |
| SONIA |
|
— |
|
Sterling Overnight Interbank Average Rate |
| STRIP |
|
— |
|
Separate Trading of Registered Interest and Principal of Securities. The STRIPS Program lets investors hold and trade individual interest and principal components of eligible notes and bonds as separate securities. |
| SUB |
|
— |
|
Step-Up Bond. The interest rate shown is the rate in effect as of September 30, 2024. |
| TBA |
|
— |
|
To Be Announced |
| TONAR |
|
— |
|
Tokyo Overnight Average Rate |
| VA |
|
— |
|
Veterans Administration |
| WIBID |
|
— |
|
Warsaw Interbank Bid Rate |
| WIBOR |
|
— |
|
Warsaw Interbank Offered Rate |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may
be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (g) |
|
— |
|
Amount rounds to less than 0.05%. |
| (h) |
|
— |
|
Amount rounds to less than 500 shares or principal/ $500. |
| (n) |
|
— |
|
The rate shown is the effective yield as of September 30, 2024. |
| (t) |
|
— |
|
The date shown represents the earliest of the next put date or final maturity date. |
| (w) |
|
— |
|
All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment. |
| (x) |
|
— |
|
Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the
next call date. The coupon rate shown is the rate in effect as of September 30, 2024. |
| (z) |
|
— |
|
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
September 30, 2024. |
| (aa) |
|
— |
|
Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of September 30, 2024 |
| (ee) |
|
— |
|
Approximately $3,213 of these investments are restricted as collateral for swaps to various brokers. |
| (ff) |
|
— |
|
Approximately $1,016 of these investments are restricted as collateral for futures to Citigroup Global Markets, Inc. |
| (gg) |
|
— |
|
Position, or portion thereof, has been segregated to collateralize reverse repurchase agreements. |
| (ii) |
|
— |
|
Approximately $592 of these investments are restricted as collateral for forwards to Citigroup Global Markets, Inc. |
| (jj) |
|
— |
|
Approximately $3,995 of these investments are restricted as collateral for bi-lateral derivatives to various brokers. |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
Six Circles Global Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS (continued)
|
|
|
|
|
| AUD |
|
— |
|
Australian Dollar |
| CAD |
|
— |
|
Canadian Dollar |
| CHF |
|
— |
|
Swiss Franc |
| CLP |
|
— |
|
Chilean Peso |
| CNH |
|
— |
|
Chinese Yuan |
| CNY |
|
— |
|
Chinese Yuan |
| COP |
|
— |
|
Colombian Peso |
| CZK |
|
— |
|
Czech Koruna |
| DKK |
|
— |
|
Danish Krone |
| EUR |
|
— |
|
Euro |
| GBP |
|
— |
|
British Pound |
| HKD |
|
— |
|
Hong Kong Dollar |
| HUF |
|
— |
|
Hungarian Forint |
| IDR |
|
— |
|
Indonesian Rupiah |
| ILS |
|
— |
|
Israeli New Shekel |
| JPY |
|
— |
|
Japanese Yen |
| KRW |
|
— |
|
Korean Won |
| MXN |
|
— |
|
Mexican Peso |
| MYR |
|
— |
|
Malaysian Ringgit |
| NOK |
|
— |
|
Norwegian Krone |
| NZD |
|
— |
|
New Zealand Dollar |
| PEN |
|
— |
|
Peruvian Nuevo Sol |
| PLN |
|
— |
|
Polish Zloty |
| RON |
|
— |
|
Romanian Leu |
| SEK |
|
— |
|
Swedish Krona |
| SGD |
|
— |
|
Singapore Dollar |
| THB |
|
— |
|
Thai Baht |
| USD |
|
— |
|
United States Dollar |
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — 98.7% (t) |
|
| Alabama — 3.8% |
|
|
|
|
|
|
|
|
| Alabama Economic Settlement Authority, BP Settlement, Series A, Rev., 4.00%, 09/15/2033 |
|
|
1,000 |
|
|
|
1,013 |
|
| Alabama Federal Aid Highway Finance Authority, Garvee, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 09/01/2032 (p) |
|
|
1,160 |
|
|
|
1,242 |
|
| Series A, Rev., 5.00%, 09/01/2035 (p) |
|
|
1,000 |
|
|
|
1,071 |
|
| Series A, Rev., 5.00%, 09/01/2036 (p) |
|
|
2,000 |
|
|
|
2,095 |
|
| Alabama Housing Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 4.45%, 10/01/2044 |
|
|
760 |
|
|
|
770 |
|
| Rev., GNMA/FNMA/FHLMC, 5.75%, 04/01/2055 |
|
|
3,350 |
|
|
|
3,698 |
|
| Alabama Housing Finance Authority, South Oak Residence Project, Rev., 1.25%, 12/01/2025 (z) |
|
|
4,270 |
|
|
|
4,248 |
|
| Alabama Public School and College Authority, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/01/2037 |
|
|
6,400 |
|
|
|
7,107 |
|
| Series A, Rev., 5.00%, 11/01/2039 |
|
|
10,000 |
|
|
|
11,021 |
|
| Alabama Special Care Facilities Financing Authority, Ascension Senior Credit Group, Series C, Rev., 5.00%, 11/15/2046 |
|
|
5,000 |
|
|
|
5,080 |
|
| Auburn University, Series A, Rev., 4.00%, 06/01/2041 |
|
|
7,000 |
|
|
|
7,002 |
|
| Birmingham-Jefferson Civic Center Authority, Series A, Special Tax, 5.00%, 07/01/2048 |
|
|
3,200 |
|
|
|
3,308 |
|
| Birmingham-Jefferson Civic Center Authority, City of Birmingham, Rev., 5.00%, 05/01/2048 |
|
|
12,700 |
|
|
|
13,085 |
|
| Black Belt Energy Gas District, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 06/01/2051 (z) |
|
|
23,030 |
|
|
|
23,708 |
|
| Rev., 5.00%, 05/01/2055 (z) |
|
|
24,270 |
|
|
|
26,415 |
|
| Series A, Rev., 5.25%, 05/01/2055 (z) |
|
|
2,000 |
|
|
|
2,204 |
|
| Series B1, Rev., 4.00%, 04/01/2053 (z) |
|
|
2,000 |
|
|
|
2,020 |
|
| Series B2, Rev., (SIFMA Municipal Swap Index + 0.65%), 3.80%, 04/01/2053 (aa) |
|
|
9,250 |
|
|
|
8,977 |
|
| Series B, Rev., LIQ: Royal Bank of Canada, 5.25%, 12/01/2053 (z) |
|
|
4,845 |
|
|
|
5,320 |
|
| Series C1, Rev., 5.25%, 02/01/2053 (z) |
|
|
9,000 |
|
|
|
9,653 |
|
| Series C, Rev., 5.50%, 10/01/2054 (z) |
|
|
5,000 |
|
|
|
5,575 |
|
| Series D1, Rev., LIQ: Royal Bank of Canada, 4.00%, 07/01/2052 (z) |
|
|
1,800 |
|
|
|
1,821 |
|
| Black Belt Energy Gas District, Gas Project, |
|
|
|
|
|
|
|
|
| Series D1, Rev., 5.50%, 06/01/2049 (z) |
|
|
7,100 |
|
|
|
7,682 |
|
| Series F, Rev., 5.50%, 11/01/2053 (z) |
|
|
10,625 |
|
|
|
11,447 |
|
| Black Belt Energy Gas District, Gas Project Bonds Project No. 7, Rev., 4.00%, 10/01/2052 (z) |
|
|
13,120 |
|
|
|
13,244 |
|
| Black Belt Energy Gas District, Gas Project No. 8, Series A, Rev., 4.00%, 12/01/2052 (z) |
|
|
4,910 |
|
|
|
4,948 |
|
| Black Belt Energy Gas District, Project No. 4, Series A1, Rev., 4.00%, 12/01/2049 (z) |
|
|
6,810 |
|
|
|
6,849 |
|
| Black Belt Energy Gas District, Project No. 5, Series A1, Rev., 4.00%, 10/01/2049 (z) |
|
|
5,000 |
|
|
|
5,037 |
|
| Black Belt Energy Gas District, Project No. 6, Series B, Rev., 4.00%, 10/01/2052 (z) |
|
|
9,005 |
|
|
|
9,090 |
|
| City of Birmingham, Warrants, Series A, GO, 4.00%, 06/01/2032 |
|
|
4,075 |
|
|
|
4,266 |
|
| County of Jefferson AL, Rev., 4.00%, 09/15/2036 |
|
|
2,590 |
|
|
|
2,624 |
|
| County of Jefferson Sewer Revenue, Warrants, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/01/2035 |
|
|
2,285 |
|
|
|
2,589 |
|
| Rev., 5.00%, 10/01/2036 |
|
|
1,455 |
|
|
|
1,640 |
|
| Rev., 5.00%, 10/01/2037 |
|
|
8,685 |
|
|
|
9,753 |
|
| Rev., 5.00%, 10/01/2038 |
|
|
2,190 |
|
|
|
2,444 |
|
| Rev., 5.00%, 10/01/2039 |
|
|
4,285 |
|
|
|
4,753 |
|
| Rev., 5.25%, 10/01/2049 |
|
|
3,805 |
|
|
|
4,143 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Alabama — continued |
|
|
|
|
|
|
|
|
| Energy Southeast A Cooperative District, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 5.50%, 11/01/2053 (z) |
|
|
1,500 |
|
|
|
1,664 |
|
| Series B1, Rev., 5.75%, 04/01/2054 (z) |
|
|
650 |
|
|
|
738 |
|
| Series B, Rev., 5.25%, 07/01/2054 (z) |
|
|
7,695 |
|
|
|
8,518 |
|
| Health Care Authority for Baptist Health, Affiliate of UAB Health System Community, Rev., 5.00%, 11/15/2032 |
|
|
10,495 |
|
|
|
11,604 |
|
| Health Care Authority of the City of Huntsville, Health System, |
|
|
|
|
|
|
|
|
| Series B1, Rev., 4.00%, 06/01/2045 |
|
|
1,750 |
|
|
|
1,701 |
|
| Series B1, Rev., 5.00%, 06/01/2038 |
|
|
1,000 |
|
|
|
1,068 |
|
| Homewood Educational Building Authority, Rev., 5.50%, 10/01/2049 |
|
|
3,500 |
|
|
|
3,788 |
|
| Hoover Industrial Development Board, Green Bonds, Rev., AMT, 6.38%, 11/01/2050 (z) |
|
|
2,375 |
|
|
|
2,736 |
|
| Hoover Industrial Development Board, United States Steel Corporation, Rev., AMT, 5.75%, 10/01/2049 |
|
|
3,500 |
|
|
|
3,691 |
|
| Huntsville Public Building Authority, Rev., 5.00%, 02/01/2052 |
|
|
3,000 |
|
|
|
3,207 |
|
| Industrial Development Board of the City of Mobile Alabama, Alabama Power Co. Barry Plant, Rev., 3.65%, 07/15/2034 (z) |
|
|
8,795 |
|
|
|
8,789 |
|
| Lower Alabama Gas District (The), Gas Project Revenue Bonds, Rev., 4.00%, 12/01/2050 (z) |
|
|
3,250 |
|
|
|
3,269 |
|
| Madison Water & Wastewater Board, Rev., 5.25%, 12/01/2048 |
|
|
1,700 |
|
|
|
1,916 |
|
| Mobile County Industrial Development Authority, Rev., AMT, 5.00%, 06/01/2054 |
|
|
5,800 |
|
|
|
6,018 |
|
| Selma Industrial Development Board, Rev., 3.45%, 11/01/2033 (w) (z) |
|
|
2,150 |
|
|
|
2,164 |
|
| Selma Industrial Development Board, International Paper Co. Project, Rev., 1.38%, 05/01/2034 (z) |
|
|
1,000 |
|
|
|
982 |
|
| Southeast Alabama Gas Supply District, Project No. 1, Series A, Rev., 5.00%, 08/01/2054 (z) |
|
|
21,175 |
|
|
|
23,010 |
|
| Southeast Alabama Gas Supply District, Project No. 2, Rev., 5.00%, 06/01/2049 (z) |
|
|
20,485 |
|
|
|
22,510 |
|
| Southeast Energy Authority A Cooperative District, Project #4, Series B1, Rev., 5.00%, 05/01/2053 (z) |
|
|
4,935 |
|
|
|
5,215 |
|
| Southeast Energy Authority A Cooperative District, Project #6, |
|
|
|
|
|
|
|
|
| Series B, Rev., LIQ: Royal Bank of Canada, 5.00%, 06/01/2030 |
|
|
2,225 |
|
|
|
2,398 |
|
| Series B, Rev., LIQ: Royal Bank of Canada, 5.00%, 01/01/2054 (z) |
|
|
10,000 |
|
|
|
10,769 |
|
| Southeast Energy Authority A Cooperative District, Project 1, Series A, Rev., 4.00%, 11/01/2051 (z) |
|
|
4,580 |
|
|
|
4,656 |
|
| Southeast Energy Authority A Cooperative District, Project 2, Series B, Rev., 4.00%, 12/01/2051 (z) |
|
|
8,830 |
|
|
|
8,989 |
|
| Southeast Energy Authority A Cooperative District, Project No. 3, Series A1, Rev., 5.50%, 01/01/2053 (z) |
|
|
1,820 |
|
|
|
1,985 |
|
| Southeast Energy Authority A Cooperative District, Project No. 5, Series A, Rev., 5.25%, 01/01/2054 (z) |
|
|
15,000 |
|
|
|
16,163 |
|
| State of Alabama Docks Department, Docks, |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, AMT, 5.00%, 10/01/2025 |
|
|
1,750 |
|
|
|
1,775 |
|
| Series A, Rev., AGM, AMT, 5.00%, 10/01/2026 |
|
|
1,890 |
|
|
|
1,947 |
|
| Tender Option Bond Trust, Floater Certificates, Series 2022-XF3073, Rev., LIQ: Morgan Stanley, 3.45%, 02/01/2053 (e) (z) |
|
|
10,000 |
|
|
|
10,000 |
|
| Tuscaloosa City Board of Education, Warrants, Rev., 5.00%, 08/01/2041 (p) |
|
|
2,525 |
|
|
|
2,643 |
|
| UAB Medicine Finance Authority, Series B, Rev., 5.00%, 09/01/2041 |
|
|
1,750 |
|
|
|
1,783 |
|
| University of South Alabama, |
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Alabama — continued |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 11/01/2035 |
|
|
2,000 |
|
|
|
2,018 |
|
| Rev., BAM, 5.25%, 04/01/2054 |
|
|
2,845 |
|
|
|
3,122 |
|
| Water Works Board of the City of Birmingham (The), Rev., 3.75%, 09/01/2026 (e) |
|
|
2,690 |
|
|
|
2,693 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
420,471 |
|
|
|
|
|
|
|
|
|
|
| Alaska — 0.2% |
|
|
|
|
|
|
|
|
| Alaska Housing Finance Corp., General Mortgage, Series B, Rev., 3.25%, 12/01/2044 |
|
|
1,340 |
|
|
|
1,332 |
|
| Alaska Housing Finance Corp., General Mortgage Revenue II, Series A, Rev., 4.50%, 06/01/2044 |
|
|
5,000 |
|
|
|
5,097 |
|
| Alaska Housing Finance Corp., Social Bonds State Capital, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2032 |
|
|
920 |
|
|
|
1,032 |
|
| Rev., 5.00%, 12/01/2032 |
|
|
945 |
|
|
|
1,059 |
|
| City of Anchorage Electric Revenue, Senior Lien, Series A, Rev., 5.00%, 12/01/2041 (p) |
|
|
1,000 |
|
|
|
1,002 |
|
| State of Alaska, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 08/01/2033 |
|
|
2,000 |
|
|
|
2,346 |
|
| GO, 5.00%, 08/01/2034 |
|
|
1,125 |
|
|
|
1,335 |
|
| GO, 5.00%, 08/01/2035 |
|
|
2,000 |
|
|
|
2,356 |
|
| State of Alaska International Airports System, |
|
|
|
|
|
|
|
|
| Series C, Rev., AMT, 5.00%, 10/01/2025 |
|
|
1,000 |
|
|
|
1,019 |
|
| Series C, Rev., AMT, 5.00%, 10/01/2027 |
|
|
2,000 |
|
|
|
2,107 |
|
| Series C, Rev., AMT, 5.00%, 10/01/2030 |
|
|
5,000 |
|
|
|
5,466 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,151 |
|
|
|
|
|
|
|
|
|
|
| Arizona — 1.4% |
|
|
|
|
|
|
|
|
| Arizona Board of Regents, Series A, Rev., 5.00%, 07/01/2043 |
|
|
2,480 |
|
|
|
2,682 |
|
| Arizona Health Facilities Authority, Scottsdale Lincoln Hospital Project, Rev., 5.00%, 12/01/2029 |
|
|
2,705 |
|
|
|
2,712 |
|
| Arizona Industrial Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2061 |
|
|
3,000 |
|
|
|
2,744 |
|
| Series 2019-2, Rev., 3.63%, 05/20/2033 |
|
|
1,592 |
|
|
|
1,560 |
|
| Series A, Rev., 4.00%, 09/01/2035 |
|
|
225 |
|
|
|
230 |
|
| Series A, Rev., 4.00%, 09/01/2036 |
|
|
250 |
|
|
|
255 |
|
| Arizona Industrial Development Authority, Greathearts Arizona Project, Series A, Rev., 5.00%, 07/01/2026 |
|
|
125 |
|
|
|
129 |
|
| Arizona Industrial Development Authority, Jerome Facilities Project, Series B, Rev., 4.00%, 07/01/2051 |
|
|
2,000 |
|
|
|
1,875 |
|
| Arizona Industrial Development Authority, Phoenix Children’s Hospital, Rev., 5.00%, 02/01/2033 |
|
|
2,000 |
|
|
|
2,280 |
|
| Arizona Industrial Development Authority, Somerset Academy of Las Vegas, Aliante, |
|
|
|
|
|
|
|
|
| Rev., 3.00%, 12/15/2031 (e) |
|
|
475 |
|
|
|
443 |
|
| Rev., 4.00%, 12/15/2041 (e) |
|
|
500 |
|
|
|
461 |
|
| Rev., 4.00%, 12/15/2051 (e) |
|
|
700 |
|
|
|
595 |
|
| Arizona Industrial Development Authority, Sustainable Bonds Equitable, Rev., 5.00%, 11/01/2028 |
|
|
2,870 |
|
|
|
3,069 |
|
| Arizona State University, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2043 |
|
|
1,105 |
|
|
|
1,177 |
|
| Series C, Rev., 5.00%, 07/01/2042 |
|
|
2,000 |
|
|
|
2,053 |
|
| Arizona State University, Board of Regents, |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 07/01/2026 |
|
|
100 |
|
|
|
104 |
|
| Series B, Rev., 5.00%, 07/01/2042 |
|
|
2,000 |
|
|
|
2,074 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Arizona — continued |
|
|
|
|
|
|
|
|
| Chandler Industrial Development Authority, Intel Corp. Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 09/01/2042 (z) |
|
|
3,000 |
|
|
|
3,086 |
|
| Rev., AMT, 5.00%, 09/01/2052 (z) |
|
|
2,860 |
|
|
|
2,942 |
|
| City of Glendale AZ, Rev., 5.00%, 07/01/2038 |
|
|
5,190 |
|
|
|
6,071 |
|
| City of Mesa, GO, 5.00%, 07/01/2042 |
|
|
2,665 |
|
|
|
3,010 |
|
| City of Mesa Utility System Revenue, Rev., 5.00%, 07/01/2032 |
|
|
1,000 |
|
|
|
1,079 |
|
| City of Phoenix, Civic Improvement Corp., |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2029 |
|
|
1,000 |
|
|
|
1,094 |
|
| Series A, Rev., 5.00%, 07/01/2031 |
|
|
2,000 |
|
|
|
2,170 |
|
| Series A, Rev., 5.00%, 07/01/2032 |
|
|
1,000 |
|
|
|
1,085 |
|
| Series A, Rev., 5.00%, 07/01/2034 |
|
|
3,785 |
|
|
|
4,178 |
|
| City of Phoenix, Civic Improvement Corp., Airport Revenue, Junior Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2044 |
|
|
1,000 |
|
|
|
1,061 |
|
| Series B, Rev., AMT, 5.00%, 07/01/2027 |
|
|
1,500 |
|
|
|
1,574 |
|
| Series B, Rev., AMT, 5.00%, 07/01/2033 |
|
|
2,000 |
|
|
|
2,137 |
|
| City of Phoenix, Civic Improvement Corp., Junior Lien, Series A, Rev., 5.00%, 07/01/2029 |
|
|
1,515 |
|
|
|
1,691 |
|
| City of Phoenix, Civic Improvement Corp., Junior Lien Airport Special Obligation, Rev., 4.00%, 07/01/2040 |
|
|
3,555 |
|
|
|
3,556 |
|
| County of Pima Sewer System Revenue, Rev., 5.00%, 07/01/2028 |
|
|
500 |
|
|
|
545 |
|
| Gilbert Public Facilities Municipal Property Corp., Rev., 5.00%, 07/01/2026 |
|
|
1,025 |
|
|
|
1,070 |
|
| Gilbert Water Resource Municipal Property Corp., Green Bond Senior Lien, Rev., 4.00%, 07/15/2047 |
|
|
1,000 |
|
|
|
1,003 |
|
| Industrial Development Authority of the County of Pima (The), American Leadership Academy, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 06/15/2025 (e) |
|
|
2,555 |
|
|
|
2,553 |
|
| Rev., 4.00%, 06/15/2027 (e) |
|
|
2,680 |
|
|
|
2,691 |
|
| Rev., 4.00%, 06/15/2030 (e) |
|
|
1,510 |
|
|
|
1,511 |
|
| Industrial Development Authority of the County of Yavapai, Waste Management, Inc. Project, Rev., AMT, 1.30%, 06/01/2027 |
|
|
3,260 |
|
|
|
2,987 |
|
| Maricopa County Industrial Development Authority, Rev., 4.00%, 01/01/2048 |
|
|
5,450 |
|
|
|
5,358 |
|
| Maricopa County Industrial Development Authority, Banner Health, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2053 (z) |
|
|
2,925 |
|
|
|
3,131 |
|
| Series A3, Rev., 5.00%, 01/01/2053 (z) |
|
|
3,000 |
|
|
|
3,343 |
|
| Series A, Rev., 4.00%, 01/01/2041 |
|
|
4,000 |
|
|
|
4,009 |
|
| Maricopa County Pollution Control Corp., Rev., 3.88%, 01/01/2038 (z) |
|
|
1,165 |
|
|
|
1,203 |
|
| Maricopa County Pollution Control Corp., Southern California Edison, Rev., 2.40%, 06/01/2035 |
|
|
4,280 |
|
|
|
3,682 |
|
| Maricopa County Special Health Care District, Series C, GO, 4.00%, 07/01/2037 |
|
|
21,910 |
|
|
|
22,240 |
|
| Maricopa County Unified School District No. 69 Paradise Valley, GO, 4.00%, 07/01/2036 |
|
|
1,170 |
|
|
|
1,210 |
|
| Maricopa County Unified School District No. 97-Deer Valley, Series E, GO, 5.00%, 07/01/2025 |
|
|
500 |
|
|
|
508 |
|
| Salt River Project Agricultural Improvement & Power District, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/01/2039 (w) |
|
|
3,740 |
|
|
|
4,374 |
|
| Series A, Rev., 5.00%, 12/01/2036 |
|
|
5,000 |
|
|
|
5,065 |
|
| Series A, Rev., 5.00%, 12/01/2045 |
|
|
3,200 |
|
|
|
3,239 |
|
| Salt River Project Agricultural Improvement & Power District, Salt River Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 01/01/2026 |
|
|
3,000 |
|
|
|
3,094 |
|
| Series B, Rev., 5.00%, 01/01/2044 |
|
|
3,325 |
|
|
|
3,749 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Arizona — continued |
|
|
|
|
|
|
|
|
| Salt Verde Financial Corp., Rev., 5.00%, 12/01/2032 |
|
|
420 |
|
|
|
460 |
|
| Sierra Vista Industrial Development Authority, Rev., 5.00%, 06/15/2044 (e) (w) |
|
|
750 |
|
|
|
763 |
|
| Yuma Industrial Development Authority, |
|
|
|
|
|
|
|
|
| Rev., AGC, 4.00%, 08/01/2049 (w) |
|
|
4,420 |
|
|
|
4,344 |
|
| Rev., AGC, 5.25%, 08/01/2042 (w) |
|
|
1,495 |
|
|
|
1,705 |
|
| Rev., AGC, 5.25%, 08/01/2044 (w) |
|
|
1,915 |
|
|
|
2,165 |
|
| Rev., 5.25%, 08/01/2049 (w) |
|
|
7,000 |
|
|
|
7,768 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
152,947 |
|
|
|
|
|
|
|
|
|
|
| Arkansas — 0.1% |
|
|
|
|
|
|
|
|
| Arkansas Development Finance Authority, Rev., 5.00%, 06/01/2027 |
|
|
535 |
|
|
|
571 |
|
| Arkansas Development Finance Authority, Big River Steel Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.50%, 09/01/2049 (e) |
|
|
3,130 |
|
|
|
3,107 |
|
| Rev., AMT, 4.75%, 09/01/2049 (e) |
|
|
7,000 |
|
|
|
7,004 |
|
| Arkansas Development Finance Authority, Green Bond United States, Rev., AMT, 5.45%, 09/01/2052 |
|
|
3,000 |
|
|
|
3,143 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,825 |
|
|
|
|
|
|
|
|
|
|
| California — 8.0% |
|
|
|
|
|
|
|
|
| Alameda County, Oakland Unified School District, GO, 5.00%, 08/01/2027 |
|
|
65 |
|
|
|
68 |
|
| Anaheim City School District, Election 2016, Series A, GO, 4.00%, 08/01/2048 |
|
|
4,000 |
|
|
|
3,955 |
|
| Anaheim Housing & Public Improvements Authority, Series A, Rev., 5.00%, 10/01/2050 |
|
|
1,780 |
|
|
|
1,806 |
|
| Anaheim Public Financing Authority, Senior Public Improvement Project, Series A, Rev., BAM, 5.00%, 09/01/2036 |
|
|
2,250 |
|
|
|
2,349 |
|
| Anaheim Union High School District, Capital Appreciation Election 2002, GO, NATL, Zero Coupon, 08/01/2028 |
|
|
2,175 |
|
|
|
1,973 |
|
| Bay Area Toll Authority, San Francisco Bay Area, Series C, Rev., (SIFMA Municipal Swap Index + 0.45%), 3.60%, 04/01/2056 (aa) |
|
|
2,675 |
|
|
|
2,667 |
|
| Bay Area Toll Authority, San Francisco Bay Area Toll, Rev., (SIFMA Municipal Swap Index + 0.41%), 3.56%, 04/01/2056 (aa) |
|
|
5,000 |
|
|
|
4,924 |
|
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.25%, 07/01/2040 |
|
|
950 |
|
|
|
1,075 |
|
| Rev., AMT, 5.25%, 07/01/2049 |
|
|
5,870 |
|
|
|
6,440 |
|
| Cabrillo Unified School District, Election 2018, Series B, GO, 5.00%, 08/01/2050 |
|
|
5,000 |
|
|
|
5,239 |
|
| California Community Choice Financing Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2055 (z) |
|
|
9,985 |
|
|
|
10,962 |
|
| Series B1, Rev., 4.00%, 02/01/2052 (z) |
|
|
17,880 |
|
|
|
18,437 |
|
| California Community Choice Financing Authority, Clean Energy Project Revenue, Rev., 5.00%, 05/01/2054 (z) |
|
|
17,000 |
|
|
|
18,699 |
|
| California Community Choice Financing Authority, Green Bond, Series A1, Rev., 4.00%, 05/01/2053 (z) |
|
|
6,860 |
|
|
|
7,024 |
|
| California Community Choice Financing Authority, Green Bonds Clean Energy Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2053 (z) |
|
|
8,685 |
|
|
|
9,319 |
|
| Rev., 5.00%, 12/01/2053 (z) |
|
|
6,160 |
|
|
|
6,592 |
|
| Rev., 5.00%, 02/01/2054 (z) |
|
|
3,245 |
|
|
|
3,525 |
|
| Rev., 5.25%, 01/01/2054 (z) |
|
|
14,375 |
|
|
|
15,530 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| California Community Choice Financing Authority, Sustainability Bonds Clean Energy, Rev., 5.25%, 11/01/2054 (z) |
|
|
17,825 |
|
|
|
19,403 |
|
| California Community Choice Financing Authority, Sustainable Bond Clean Energy, Rev., 5.50%, 10/01/2054 (z) |
|
|
2,220 |
|
|
|
2,484 |
|
| California County, Tobacco Securitization Agency, Series A, Rev., 5.00%, 06/01/2027 |
|
|
10 |
|
|
|
10 |
|
| California County, Tobacco Securitization Agency, Senior Bonds, Merced County Tobacco Funding Corporation, Rev., 5.00%, 06/01/2032 |
|
|
340 |
|
|
|
372 |
|
| California County, Tobacco Securitization Agency, Sonoma County Securitization, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2031 |
|
|
255 |
|
|
|
279 |
|
| Rev., 5.00%, 06/01/2032 |
|
|
250 |
|
|
|
273 |
|
| Rev., 5.00%, 06/01/2033 |
|
|
300 |
|
|
|
327 |
|
| Rev., 5.00%, 06/01/2049 |
|
|
185 |
|
|
|
191 |
|
| California Educational Facilities Authority, Loyola Marymount University, Series A, Rev., NATL, Zero Coupon, 10/01/2037 |
|
|
340 |
|
|
|
213 |
|
| California Educational Facilities Authority, University of Southern California, Series C, Rev., 5.25%, 10/01/2024 (p) |
|
|
210 |
|
|
|
210 |
|
| California Health Facilities Financing Authority, Rev., 5.00%, 10/01/2039 (p) (z) |
|
|
945 |
|
|
|
968 |
|
| California Health Facilities Financing Authority, Cedars Sinai Health System, Rev., 4.00%, 08/15/2040 |
|
|
4,050 |
|
|
|
4,239 |
|
| California Health Facilities Financing Authority, Children’s Hospital of Orange, Rev., 3.00%, 11/01/2039 |
|
|
3,765 |
|
|
|
3,533 |
|
| California Health Facilities Financing Authority, City of Hope, Rev., 5.00%, 11/15/2049 |
|
|
3,000 |
|
|
|
3,040 |
|
| California Health Facilities Financing Authority, Commonspirit Health, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 04/01/2037 |
|
|
3,000 |
|
|
|
3,063 |
|
| Series A, Rev., 4.00%, 04/01/2038 |
|
|
3,500 |
|
|
|
3,563 |
|
| Series A, Rev., 5.00%, 04/01/2033 |
|
|
3,000 |
|
|
|
3,345 |
|
| California Health Facilities Financing Authority, Episcopal Communities & Service, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/15/2038 |
|
|
570 |
|
|
|
619 |
|
| Rev., 5.00%, 11/15/2043 |
|
|
570 |
|
|
|
607 |
|
| California Health Facilities Financing Authority, Initial Entrance Fees, Series A, Rev., 3.85%, 11/15/2027 |
|
|
40 |
|
|
|
40 |
|
| California Health Facilities Financing Authority, Kaiser Permanente, |
|
|
|
|
|
|
|
|
| Series A2, Rev., 4.00%, 11/01/2044 |
|
|
3,000 |
|
|
|
3,007 |
|
| Series A-1-S, Rev., 5.00%, 11/01/2027 |
|
|
2,500 |
|
|
|
2,718 |
|
| Series A-2, Rev., 4.00%, 11/01/2038 |
|
|
6,270 |
|
|
|
6,358 |
|
| California Health Facilities Financing Authority, PIH Health, Series A, Rev., 5.00%, 06/01/2035 |
|
|
3,010 |
|
|
|
3,293 |
|
| California Health Facilities Financing Authority, Stanford Health Care, |
|
|
|
|
|
|
|
|
| Rev., 3.00%, 08/15/2054 (z) |
|
|
5,000 |
|
|
|
4,994 |
|
| Series A, Rev., 5.00%, 11/15/2030 |
|
|
2,000 |
|
|
|
2,147 |
|
| California Health Facilities Financing Authority, Sutter Health, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 11/15/2048 |
|
|
2,240 |
|
|
|
2,202 |
|
| Series A, Rev., 5.00%, 08/15/2043 (p) |
|
|
465 |
|
|
|
475 |
|
| California Health Facilities Financing Authority, Unrefunded, Rev., 5.00%, 10/01/2039 (z) |
|
|
1,055 |
|
|
|
1,066 |
|
| California Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., 3.25%, 08/20/2036 |
|
|
9,223 |
|
|
|
8,813 |
|
| Rev., 3.50%, 11/20/2035 |
|
|
1,420 |
|
|
|
1,389 |
|
| Rev., 4.25%, 01/15/2035 |
|
|
2,302 |
|
|
|
2,417 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| California Housing Finance Agency, Symphony at Del Sur, Rev., 5.00%, 05/01/2054 (z) |
|
|
425 |
|
|
|
442 |
|
| California Infrastructure & Economic Development Bank, J. Paul Getty Trust, Rev., 3.00%, 10/01/2047 (z) |
|
|
1,000 |
|
|
|
1,003 |
|
| California Infrastructure & Economic Development Bank, Los Angeles County, Series B, Rev., (SIFMA Municipal Swap Index + 0.70%), 3.85%, 12/01/2050 (aa) |
|
|
1,370 |
|
|
|
1,369 |
|
| California Infrastructure & Economic Development Bank, Sanford Consortium Project, Series A, Rev., 5.00%, 05/15/2031 |
|
|
1,230 |
|
|
|
1,278 |
|
| California Municipal Finance Authority, Community Facilities No. 2023-5 Improvement, Special Tax, 5.50%, 09/01/2048 |
|
|
600 |
|
|
|
655 |
|
| California Municipal Finance Authority, Draw Down Waste Management, Rev., AMT, 4.80%, 11/01/2041 (z) |
|
|
1,460 |
|
|
|
1,465 |
|
| California Municipal Finance Authority, Open Door Community Health Center, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 09/15/2034 |
|
|
920 |
|
|
|
976 |
|
| Rev., 4.00%, 09/15/2035 |
|
|
960 |
|
|
|
1,015 |
|
| Rev., 4.00%, 09/15/2036 |
|
|
1,000 |
|
|
|
1,053 |
|
| California Municipal Finance Authority, Republic Services, Rev., AMT, 4.38%, 09/01/2053 (z) |
|
|
4,350 |
|
|
|
4,589 |
|
| California Municipal Finance Authority, Republic Services, Inc., Rev., AMT, 3.88%, 03/01/2054 (z) |
|
|
550 |
|
|
|
562 |
|
| California Municipal Finance Authority, Simpson University, Series A, Rev., 6.00%, 10/01/2050 (e) |
|
|
2,000 |
|
|
|
2,062 |
|
| California Municipal Finance Authority, Southern California Institute, Rev., 5.00%, 12/01/2037 |
|
|
745 |
|
|
|
773 |
|
| California Municipal Finance Authority, Taxable Virginia Oceanside Health Care Center, Rev., 3.64%, 07/01/2030 (e) |
|
|
2,970 |
|
|
|
2,767 |
|
| California Municipal Finance Authority, United Airlines, Inc. Project, Rev., AMT, 4.00%, 07/15/2029 |
|
|
2,500 |
|
|
|
2,520 |
|
| California Municipal Finance Authority, Waste Management, Inc. Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 3.95%, 10/01/2045 (z) |
|
|
3,500 |
|
|
|
3,498 |
|
| Series A, Rev., AMT, 2.40%, 10/01/2044 (z) |
|
|
4,960 |
|
|
|
4,765 |
|
| California Pollution Control Financing Authority, Plant Bonds, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2037 (e) |
|
|
1,500 |
|
|
|
1,503 |
|
| Rev., AMT, 5.00%, 11/21/2045 (e) |
|
|
6,000 |
|
|
|
6,009 |
|
| California Pollution Control Financing Authority, Poseidon Resources, Rev., AMT, 5.00%, 07/01/2037 (e) |
|
|
2,200 |
|
|
|
2,430 |
|
| California Pollution Control Financing Authority, Republic Services, Inc., |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.05%, 07/01/2043 (e) (z) |
|
|
2,920 |
|
|
|
2,917 |
|
| Rev., AMT, 4.10%, 11/01/2042 (e) (z) |
|
|
1,410 |
|
|
|
1,410 |
|
| California Public Finance Authority, Enso Village Project, Green Bond, Rev., 5.00%, 11/15/2036 (e) |
|
|
325 |
|
|
|
333 |
|
| California Public Finance Authority, Henry Mayo Newhall Hospital, Rev., 5.00%, 10/15/2032 |
|
|
1,000 |
|
|
|
1,023 |
|
| California School Finance Authority, Rev., 5.00%, 07/01/2046 (e) |
|
|
1,500 |
|
|
|
1,515 |
|
| California School Finance Authority, Rocketship Education Obligated, Series A, Rev., 5.00%, 06/01/2034 (e) |
|
|
1,230 |
|
|
|
1,247 |
|
| California State Public Works Board, Series H, Rev., 5.00%, 12/01/2026 |
|
|
1,000 |
|
|
|
1,028 |
|
| California State Public Works Board, Corrections Facilities, Series A, Rev., 5.00%, 09/01/2039 |
|
|
7,560 |
|
|
|
7,574 |
|
| California State Public Works Board, Forward Delivery, Series A, Rev., 5.00%, 02/01/2030 |
|
|
1,665 |
|
|
|
1,880 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| California State Public Works Board, Various Capital Projects, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2030 |
|
|
1,245 |
|
|
|
1,268 |
|
| Rev., 4.00%, 11/01/2031 |
|
|
1,000 |
|
|
|
1,014 |
|
| Rev., 5.00%, 11/01/2026 |
|
|
565 |
|
|
|
597 |
|
| Series D, Rev., 4.00%, 11/01/2037 |
|
|
1,000 |
|
|
|
1,057 |
|
| California State Public Works Board, Various Corrections Facilities, Series A, Rev., 5.00%, 09/01/2031 |
|
|
4,560 |
|
|
|
4,570 |
|
| California State University, Series A, Rev., 5.00%, 11/01/2044 |
|
|
2,640 |
|
|
|
2,841 |
|
| California State University, Systemwide, Series A, Rev., 4.00%, 11/01/2035 |
|
|
1,000 |
|
|
|
1,016 |
|
| California Statewide Communities Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2034 |
|
|
1,750 |
|
|
|
2,092 |
|
| Series B, Special Assessment, 4.00%, 09/02/2040 |
|
|
570 |
|
|
|
565 |
|
| California Statewide Communities Development Authority, Enloe Medical Center, Series A, Rev., AGM, 5.13%, 08/15/2047 |
|
|
500 |
|
|
|
545 |
|
| California Statewide Communities Development Authority, Green Bond, Marin General Hospital, Rev., 4.00%, 08/01/2045 |
|
|
3,000 |
|
|
|
2,758 |
|
| California Statewide Communities Development Authority, Loma Linda University Medical, Rev., 5.50%, 12/01/2058 (e) |
|
|
2,000 |
|
|
|
2,071 |
|
| California Statewide Communities Development Authority, Loma Linda University Medical Center, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 12/01/2044 |
|
|
6,065 |
|
|
|
6,065 |
|
| Rev., 5.50%, 12/01/2054 |
|
|
1,100 |
|
|
|
1,101 |
|
| Series A, Rev., 5.00%, 12/01/2026 (e) |
|
|
300 |
|
|
|
311 |
|
| Series A, Rev., 5.00%, 12/01/2041 (e) |
|
|
2,000 |
|
|
|
2,028 |
|
| Series A, Rev., 5.25%, 12/01/2056 (e) |
|
|
9,750 |
|
|
|
9,870 |
|
| California Statewide Communities Development Authority, Montage Health, Series A, Rev., 4.00%, 06/01/2028 |
|
|
435 |
|
|
|
459 |
|
| California Statewide Communities Development Authority, Southern California Edison, Rev., 4.50%, 11/01/2033 |
|
|
1,000 |
|
|
|
1,082 |
|
| Chino Valley Unified School District, Election of 2016, Series C, GO, Zero Coupon, 08/01/2034 |
|
|
125 |
|
|
|
89 |
|
| City & County of San Francisco Special Tax District No. 2020-1, Mission Rock Facilities and Services, |
|
|
|
|
|
|
|
|
| Special Tax, 4.00%, 09/01/2031 (e) |
|
|
300 |
|
|
|
307 |
|
| Special Tax, 4.00%, 09/01/2036 (e) |
|
|
155 |
|
|
|
156 |
|
| City & County of San Francisco Special Tax District No. 2020-1, Special Tax, |
|
|
|
|
|
|
|
|
| Special Tax, 5.50%, 09/01/2043 (e) |
|
|
2,060 |
|
|
|
2,257 |
|
| City of Dixon, Community Facilities District Improvement, Special Tax, 4.00%, 09/01/2036 |
|
|
200 |
|
|
|
201 |
|
| City of Long Beach Airport System Revenue, |
|
|
|
|
|
|
|
|
| Series C, Rev., AGM, AMT, 5.00%, 06/01/2042 |
|
|
1,000 |
|
|
|
1,083 |
|
| Series C, Rev., AGM, AMT, 5.25%, 06/01/2047 |
|
|
1,000 |
|
|
|
1,089 |
|
| City of Los Angeles Department of Airports, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 05/15/2026 |
|
|
1,500 |
|
|
|
1,546 |
|
| Series B, Rev., AMT, 5.00%, 05/15/2046 |
|
|
21,965 |
|
|
|
22,285 |
|
| City of Los Angeles Department of Airports, Los Angeles International Airport, Rev., AMT, 5.00%, 05/15/2032 |
|
|
1,000 |
|
|
|
1,071 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| City of Los Angeles Department of Airports, Senior, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 4.75%, 05/15/2040 |
|
|
2,415 |
|
|
|
2,423 |
|
| Series B, Rev., 5.00%, 05/15/2034 |
|
|
1,600 |
|
|
|
1,815 |
|
| Series C, Rev., AMT, 5.00%, 05/15/2036 |
|
|
4,090 |
|
|
|
4,388 |
|
| City of Los Angeles Department of Airports, Senior Bonds Green Bond Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 05/15/2029 |
|
|
4,000 |
|
|
|
4,354 |
|
| Rev., AMT, 5.25%, 05/15/2047 |
|
|
4,000 |
|
|
|
4,329 |
|
| City of Los Angeles Department of Airports, Senior Bonds Private Activity, Rev., AMT, 5.50%, 05/15/2047 |
|
|
4,625 |
|
|
|
5,083 |
|
| City of Los Angeles Department of Airports, Subordinate, |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 05/15/2040 |
|
|
900 |
|
|
|
1,010 |
|
| Series C, Rev., AMT, 5.00%, 05/15/2033 |
|
|
1,330 |
|
|
|
1,388 |
|
| Series C, Rev., 5.00%, 05/15/2038 |
|
|
2,000 |
|
|
|
2,025 |
|
| Series D, Rev., AMT, 5.00%, 05/15/2027 |
|
|
2,605 |
|
|
|
2,739 |
|
| Series D, Rev., AMT, 5.00%, 05/15/2028 |
|
|
500 |
|
|
|
535 |
|
| Series D, Rev., AMT, 5.00%, 05/15/2029 |
|
|
4,485 |
|
|
|
4,881 |
|
| Series E, Rev., 5.00%, 05/15/2039 |
|
|
1,510 |
|
|
|
1,637 |
|
| Series E, Rev., 5.00%, 05/15/2044 |
|
|
1,000 |
|
|
|
1,066 |
|
| City of Los Angeles Department of Airports, Subordinate Los Angeles International Airport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 05/15/2027 |
|
|
1,235 |
|
|
|
1,299 |
|
| Rev., AMT, 5.00%, 05/15/2029 |
|
|
1,000 |
|
|
|
1,088 |
|
| Rev., 5.00%, 05/15/2036 |
|
|
1,000 |
|
|
|
1,103 |
|
| Rev., AMT, 5.25%, 05/15/2038 |
|
|
1,735 |
|
|
|
1,833 |
|
| City of Los Angeles Department of Airports, Subordinate P3 Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 05/15/2026 |
|
|
1,180 |
|
|
|
1,216 |
|
| Series A, Rev., AMT, 5.00%, 05/15/2046 |
|
|
8,000 |
|
|
|
8,490 |
|
| City of Los Angeles Department of Airports, Subordinated Los Angeles International, Rev., AMT, 5.25%, 05/15/2048 |
|
|
3,000 |
|
|
|
3,122 |
|
| City of Los Angeles Department of Airports, Subordinated Los Angeles International Airport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 3.25%, 05/15/2049 |
|
|
3,000 |
|
|
|
2,484 |
|
| Series D, Rev., AMT, 4.00%, 05/15/2051 |
|
|
23,000 |
|
|
|
22,322 |
|
| City of Los Angeles Department of Airports, Sustainable Bond Subordinate, Rev., AMT, 5.00%, 05/15/2036 |
|
|
1,650 |
|
|
|
1,853 |
|
| City of Los Angeles Department of Airports, Unrefunded Subordinate, Rev., AMT, 4.00%, 05/15/2038 |
|
|
1,995 |
|
|
|
2,010 |
|
| City of Los Angeles Wastewater System Revenue, Subordinate, Series C, Rev., 5.00%, 06/01/2026 |
|
|
500 |
|
|
|
522 |
|
| City of Roseville, |
|
|
|
|
|
|
|
|
| Special Tax, 4.00%, 09/01/2040 |
|
|
1,000 |
|
|
|
1,005 |
|
| Special Tax, 5.00%, 09/01/2035 |
|
|
1,160 |
|
|
|
1,236 |
|
| City of San Francisco, Public Utilities Commission Water Revenue, Regional Water, Series B, Rev., 5.00%, 11/01/2050 |
|
|
4,235 |
|
|
|
4,414 |
|
| City of Santa Rosa Wastewater Revenue, Series A, Rev., 5.00%, 09/01/2033 |
|
|
1,770 |
|
|
|
2,015 |
|
| City of Victorville Electric Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 05/01/2038 |
|
|
1,055 |
|
|
|
1,195 |
|
| Series A, Rev., 5.00%, 05/01/2039 |
|
|
1,110 |
|
|
|
1,247 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| City of Woodland, Facilities District Number 2004 1 Capital Project, Special Tax, 4.00%, 09/01/2041 |
|
|
500 |
|
|
|
496 |
|
| Coachella Valley Water District Drinking Water System Revenue, Notes, Series A, Rev., 1.38%, 06/01/2025 |
|
|
2,000 |
|
|
|
1,969 |
|
| Coast Community College District, Election of 2012, Series F, GO, Zero Coupon, 08/01/2040 |
|
|
3,020 |
|
|
|
1,685 |
|
| Compton Community Redevelopment Agency Successor Agency, Series A, Tax Allocation, AGM, 5.00%, 08/01/2042 |
|
|
750 |
|
|
|
824 |
|
| Compton Unified School District, Series B, GO, BAM, Zero Coupon, 06/01/2036 |
|
|
1,400 |
|
|
|
921 |
|
| County of Los Angeles Community Facilities District No. 2021-01, Valencia Facilities, Special Tax, 5.00%, 09/01/2033 |
|
|
105 |
|
|
|
114 |
|
| County of Los Angeles, Community Facilities District No. 2021-01, Valencia Facilities, Special Tax, 5.00%, 09/01/2042 |
|
|
540 |
|
|
|
579 |
|
| County of Sacramento, Community Facilities District #2004-1, Special Tax, 5.00%, 09/01/2035 |
|
|
1,335 |
|
|
|
1,374 |
|
| CSCDA Community Improvement Authority, Series A, Rev., 5.00%, 01/01/2054 (e) |
|
|
5,995 |
|
|
|
5,461 |
|
| CSCDA Community Improvement Authority, Renaissance at City Center, Series A, Rev., 5.00%, 07/01/2051 (e) |
|
|
215 |
|
|
|
215 |
|
| CSCDA Community Improvement Authority, Social Bonds, Rev., 4.00%, 08/01/2056 (e) |
|
|
410 |
|
|
|
371 |
|
| CSCDA Community Improvement Authority, Union South Bay, Social Bonds, Rev., 4.00%, 07/01/2056 (e) |
|
|
2,000 |
|
|
|
1,690 |
|
| Department of Veterans Affairs, Veteran’s Farm & Home Purchase Program, Series A, Rev., 3.00%, 12/01/2050 |
|
|
665 |
|
|
|
659 |
|
| East Bay Municipal Utility District Water System Revenue, Green Bond, Series A, Rev., 5.00%, 06/01/2035 |
|
|
1,200 |
|
|
|
1,277 |
|
| East County Advanced Water Purification Joint Powers Authority, Rev., 5.00%, 09/01/2026 |
|
|
2,000 |
|
|
|
2,081 |
|
| East Side Union High School District, 2014 Election Education Tech, Series D, GO, 5.00%, 08/01/2025 |
|
|
400 |
|
|
|
408 |
|
| Elk Grove Finance Authority, Special Tax, 4.00%, 09/01/2040 |
|
|
1,280 |
|
|
|
1,251 |
|
| FHLMC Multifamily ML Certificates, |
|
|
|
|
|
|
|
|
| Rev., 4.03%, 12/25/2036 (z) |
|
|
1,774 |
|
|
|
1,822 |
|
| Rev., 4.55%, 08/25/2040 |
|
|
3,598 |
|
|
|
3,809 |
|
| Series 2021-ML10, Class A, Rev., 2.03%, 01/25/2038 (e) |
|
|
332 |
|
|
|
268 |
|
| Foothill-De Anza Community College District, Capital Appreciation, Series B, GO, AMBAC, Zero Coupon, 08/01/2032 |
|
|
7,930 |
|
|
|
6,351 |
|
| Fremont Unified School District, Series D, GO, 3.00%, 08/01/2033 |
|
|
1,205 |
|
|
|
1,186 |
|
| Fremont Unified School District, Election 2014, Series E, GO, 4.00%, 08/01/2042 |
|
|
2,230 |
|
|
|
2,294 |
|
| Golden State Tobacco Securitization Corp., Subordinated, Series B2, Rev., Zero Coupon, 06/01/2066 |
|
|
5,000 |
|
|
|
595 |
|
| Golden State Tobacco Securitization Corp., Taxable Tobacco Settlement Asset Backed Bonds, Series C, Rev., 2.75%, 06/01/2034 |
|
|
1,900 |
|
|
|
1,661 |
|
| Golden State Tobacco Securitization Corp., Tobacco Settlement Asset Backed Bonds, Rev., 5.00%, 06/01/2051 |
|
|
3,235 |
|
|
|
3,411 |
|
| Hayward Unified School District, COP, 5.25%, 08/01/2047 |
|
|
3,000 |
|
|
|
3,116 |
|
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, Green Bond Measure R, Rev., 5.00%, 06/01/2027 |
|
|
1,000 |
|
|
|
1,074 |
|
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue, Proposition C, Series A, Rev., 5.00%, 07/01/2027 |
|
|
1,255 |
|
|
|
1,353 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| Los Angeles County Metropolitan Transportation Authority, Measure R Junior Subordinated, Green Bonds, Series A, Rev., 5.00%, 06/01/2034 |
|
|
7,000 |
|
|
|
7,435 |
|
| Los Angeles County Sanitation Districts Financing Authority, Series A, Rev., 4.00%, 10/01/2033 |
|
|
1,000 |
|
|
|
1,023 |
|
| Los Angeles County, Metropolitan Transportation Authority, Green Bond, Measure R Junior Subordinated, Series A, Rev., 5.00%, 06/01/2030 |
|
|
750 |
|
|
|
857 |
|
| Los Angeles Department of Water, |
|
|
|
|
|
|
|
|
| Series B, Rev., 4.00%, 07/01/2027 |
|
|
1,500 |
|
|
|
1,570 |
|
| Series B, Rev., 5.00%, 07/01/2037 |
|
|
740 |
|
|
|
798 |
|
| Los Angeles Department of Water & Power, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2029 |
|
|
1,000 |
|
|
|
1,129 |
|
| Series B, Rev., 5.00%, 07/01/2039 |
|
|
500 |
|
|
|
576 |
|
| Series C, Rev., 5.00%, 07/01/2038 |
|
|
275 |
|
|
|
316 |
|
| Los Angeles Department of Water & Power Water System Revenue, Series A, Rev., 4.00%, 07/01/2047 |
|
|
8,000 |
|
|
|
8,004 |
|
| Los Angeles Department of Water & Power, Power System Bonds, Series C, Rev., 5.00%, 07/01/2037 |
|
|
1,000 |
|
|
|
1,093 |
|
| Los Angeles Department of Water & Power, Power System Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.25%, 07/01/2049 |
|
|
9,500 |
|
|
|
10,164 |
|
| Series B, Rev., 5.00%, 07/01/2038 |
|
|
1,000 |
|
|
|
1,041 |
|
| Los Angeles Unified School District, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 07/01/2049 (w) |
|
|
2,000 |
|
|
|
2,020 |
|
| Series A, GO, 3.00%, 01/01/2034 |
|
|
2,000 |
|
|
|
1,976 |
|
| Series C, GO, 4.00%, 07/01/2036 |
|
|
1,000 |
|
|
|
1,051 |
|
| Series C, GO, 4.00%, 07/01/2038 |
|
|
1,860 |
|
|
|
1,936 |
|
| Series C, GO, 5.00%, 07/01/2026 |
|
|
2,285 |
|
|
|
2,392 |
|
| Los Angeles Unified School District, Election 2008, Series B1, GO, BAM, 5.00%, 07/01/2029 |
|
|
100 |
|
|
|
108 |
|
| Los Angeles Unified School District, Sustainability Bonds, Series QRR, GO, 5.00%, 07/01/2026 |
|
|
550 |
|
|
|
576 |
|
| Marin Municipal Water District, Subordinate, Rev., 4.00%, 06/15/2045 |
|
|
3,500 |
|
|
|
3,555 |
|
| Metropolitan Water District of Southern California, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2037 (z) |
|
|
550 |
|
|
|
620 |
|
| Rev., 5.00%, 01/01/2038 |
|
|
3,015 |
|
|
|
3,255 |
|
| Natomas Unified School District, |
|
|
|
|
|
|
|
|
| Series A, GO, AGM, 4.00%, 08/01/2045 |
|
|
7,740 |
|
|
|
7,740 |
|
| Series A, GO, AGM, 4.00%, 08/01/2049 |
|
|
2,655 |
|
|
|
2,609 |
|
| Norman Y Mineta San Jose International Airport SJC, |
|
|
|
|
|
|
|
|
| Series A, Rev., BAM, AMT, 4.00%, 03/01/2034 |
|
|
3,875 |
|
|
|
3,964 |
|
| Series A, Rev., AMT, 5.00%, 03/01/2027 |
|
|
1,480 |
|
|
|
1,550 |
|
| Series A, Rev., AMT, 5.00%, 03/01/2031 |
|
|
1,000 |
|
|
|
1,109 |
|
| Series A, Rev., AMT, 5.00%, 03/01/2032 |
|
|
2,000 |
|
|
|
2,210 |
|
| Series A, Rev., AMT, 5.00%, 03/01/2036 |
|
|
1,160 |
|
|
|
1,192 |
|
| Northern California Energy Authority, Rev., 5.00%, 12/01/2054 (z) |
|
|
2,000 |
|
|
|
2,164 |
|
| Norwalk-La Mirada Unified School District, Series D, GO, 3.00%, 08/01/2043 |
|
|
2,000 |
|
|
|
1,784 |
|
| Norwalk-La Mirada Unified School District, Election 2014, Series E, GO, 3.00%, 08/01/2050 |
|
|
10,000 |
|
|
|
8,458 |
|
| Oakland Unified School District, Election Of 2020, |
|
|
|
|
|
|
|
|
| Series A, GO, AGM, 5.00%, 08/01/2037 |
|
|
1,850 |
|
|
|
2,153 |
|
| Series A, GO, AGM, 5.25%, 08/01/2041 |
|
|
1,410 |
|
|
|
1,636 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| Oakland Unified School District/Alameda County, Election Of 2012, Series A, GO, AGM, 4.00%, 08/01/2034 |
|
|
1,000 |
|
|
|
1,022 |
|
| Ontario International Airport Authority, Series A, Rev., AGM, 5.00%, 05/15/2046 |
|
|
1,500 |
|
|
|
1,643 |
|
| Orange County Community Facilities District, District No. 2021-1 Rienda, Series A, Special Tax, 5.00%, 08/15/2033 |
|
|
300 |
|
|
|
328 |
|
| Orange County Transportation Authority, 405 Improvement Project, Rev., BAN, 5.00%, 10/15/2024 (p) |
|
|
3,230 |
|
|
|
3,232 |
|
| Oxnard Union High School District, Series B, GO, 5.00%, 08/01/2045 |
|
|
3,000 |
|
|
|
3,170 |
|
| Palo Alto Unified School District, Capital Appreciation Election Of 2008, GO, Zero Coupon, 08/01/2032 |
|
|
15,385 |
|
|
|
12,417 |
|
| Palomar Health, Rev., 5.00%, 11/01/2039 |
|
|
4,000 |
|
|
|
4,005 |
|
| Palomar Health, Capital Appreciation, Electric of 2004, |
|
|
|
|
|
|
|
|
| Series A, GO, AGC, Zero Coupon, 08/01/2028 |
|
|
500 |
|
|
|
442 |
|
| Series A, GO, AGC, Zero Coupon, 08/01/2031 |
|
|
330 |
|
|
|
261 |
|
| Peralta Community College District, GO, 5.25%, 08/01/2037 |
|
|
2,000 |
|
|
|
2,360 |
|
| Pittsburg Public Financing Authority, Series A, Rev., AGM, 4.13%, 08/01/2047 |
|
|
1,400 |
|
|
|
1,419 |
|
| Port of Oakland, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 05/01/2027 (p) |
|
|
2,500 |
|
|
|
2,631 |
|
| Rev., AMT, 5.00%, 05/01/2028 (p) |
|
|
4,275 |
|
|
|
4,571 |
|
| Rev., AMT, 5.00%, 05/01/2029 |
|
|
980 |
|
|
|
1,060 |
|
| Rancho Mirage Community Facilities District, Special Tax, 5.00%, 09/01/2049 |
|
|
1,000 |
|
|
|
1,052 |
|
| River Islands Public Financing Authority, Community Facilities District No. 2003-1, Special Tax, AGM, 5.25%, 09/01/2052 |
|
|
1,085 |
|
|
|
1,191 |
|
| Sacramento City Unified School District, GO, BAM, 5.00%, 07/01/2031 |
|
|
525 |
|
|
|
604 |
|
| Sacramento Municipal Utility District, Electric, Series H, Rev., 4.00%, 08/15/2040 |
|
|
2,000 |
|
|
|
2,064 |
|
| San Bernardino Community College District, Election of 2018, Series A, GO, 3.00%, 08/01/2041 (p) |
|
|
2,000 |
|
|
|
2,045 |
|
| San Diego Community College District, GO, 4.00%, 08/01/2032 (p) |
|
|
2,910 |
|
|
|
3,000 |
|
| San Diego County Regional Airport Authority, Rev., AMT, 5.00%, 07/01/2053 |
|
|
2,500 |
|
|
|
2,661 |
|
| San Diego County Regional Airport Authority Subordinate, Series B, Rev., AMT, 4.00%, 07/01/2035 |
|
|
2,915 |
|
|
|
2,965 |
|
| San Diego County Regional Airport Authority, Subordinated, Series B, Rev., AMT, 5.00%, 07/01/2031 |
|
|
775 |
|
|
|
803 |
|
| San Diego Unified School District, Series K2, GO, Zero Coupon, 07/01/2038 |
|
|
2,045 |
|
|
|
1,207 |
|
| San Diego Unified School District, Election 2008, Series E, GO, Zero Coupon, 07/01/2034 |
|
|
1,250 |
|
|
|
937 |
|
| San Diego Unified School District, Election 2012, Series I, GO, 4.00%, 07/01/2047 |
|
|
8,000 |
|
|
|
7,957 |
|
| San Diego Unified School District, Election Of 2008, |
|
|
|
|
|
|
|
|
| Series SR-3A, GO, 5.00%, 07/01/2034 |
|
|
500 |
|
|
|
599 |
|
| Series SR-3A, GO, 5.00%, 07/01/2035 |
|
|
500 |
|
|
|
597 |
|
| San Dieguito School Facilities Financing Authority, Special Tax, 5.00%, 03/01/2031 |
|
|
1,030 |
|
|
|
1,112 |
|
| San Francisco Bay Area Rapid Transit District Sales Tax Revenue, Series A, Rev., 4.00%, 07/01/2037 |
|
|
2,350 |
|
|
|
2,391 |
|
| San Francisco Bay Area Rapid Transit District, Election 2004, Green Bond, GO, 5.00%, 08/01/2036 |
|
|
1,875 |
|
|
|
1,978 |
|
| San Francisco Bay Area Rapid Transit District, Green Bonds, Series C1, GO, 4.00%, 08/01/2032 |
|
|
1,000 |
|
|
|
1,064 |
|
| San Francisco Bay Area Rapid Transit District, Sustainable Bond Transit District, GO, 3.00%, 08/01/2037 |
|
|
2,495 |
|
|
|
2,427 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| San Francisco City & County Airport Commission-San Francisco International Airport, |
|
|
|
|
|
|
|
|
| Series H, Rev., AMT, 5.00%, 05/01/2025 |
|
|
1,500 |
|
|
|
1,514 |
|
| Series H, Rev., AMT, 5.00%, 05/01/2028 |
|
|
3,000 |
|
|
|
3,209 |
|
| San Francisco City & County Airport Commission-San Francisco International Airport, Unrefunded, Rev., AMT, 5.00%, 05/01/2027 |
|
|
775 |
|
|
|
813 |
|
| San Francisco City & County Airport Comm-San Francisco International Airport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.25%, 05/01/2042 |
|
|
6,895 |
|
|
|
7,125 |
|
| Rev., AMT, 5.25%, 05/01/2044 |
|
|
5,645 |
|
|
|
6,268 |
|
| Series A, Rev., AMT, 5.00%, 05/01/2025 |
|
|
2,000 |
|
|
|
2,019 |
|
| Series A, Rev., AMT, 5.00%, 05/01/2027 |
|
|
3,000 |
|
|
|
3,152 |
|
| Series A, Rev., AMT, 5.00%, 05/01/2030 |
|
|
2,000 |
|
|
|
2,202 |
|
| Series A, Rev., AMT, 5.00%, 05/01/2032 |
|
|
2,000 |
|
|
|
2,214 |
|
| Series C, Rev., 5.00%, 05/01/2046 |
|
|
1,920 |
|
|
|
1,961 |
|
| Series H, Rev., AMT, 5.00%, 05/01/2027 |
|
|
5,500 |
|
|
|
5,779 |
|
| San Francisco City & County Public Utilities Commission Wastewater Revenue, Rev., 4.00%, 10/01/2039 |
|
|
1,325 |
|
|
|
1,329 |
|
| San Francisco City & County Public Utilities Commission Wastewater Revenue, Green Bonds, Series C, Rev., 4.00%, 10/01/2048 (z) |
|
|
2,290 |
|
|
|
2,427 |
|
| San Francisco City & County Redevelopment Agency Successor Agency, Community Facilities No. 6 Mission Bay, |
|
|
|
|
|
|
|
|
| Special Tax, AGM, 5.00%, 08/01/2036 |
|
|
1,000 |
|
|
|
1,167 |
|
| Special Tax, AGM, 5.25%, 08/01/2037 |
|
|
1,000 |
|
|
|
1,181 |
|
| Special Tax, AGM, 5.25%, 08/01/2038 |
|
|
1,000 |
|
|
|
1,175 |
|
| San Jacinto Unified School District, Election 2016, GO, 4.00%, 08/01/2042 |
|
|
2,580 |
|
|
|
2,691 |
|
| San Joaquin Hills Transportation Corridor Agency, Junior Lien, |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.25%, 01/15/2044 |
|
|
8,020 |
|
|
|
8,056 |
|
| Series B, Rev., 5.25%, 01/15/2049 |
|
|
8,000 |
|
|
|
8,033 |
|
| San Joaquin Hills Transportation Corridor Agency, Senior Lien Toll Road, Rev., 4.00%, 01/15/2034 |
|
|
3,000 |
|
|
|
3,194 |
|
| San Jose Unified School District, Taxable, GO, 1.01%, 08/01/2027 |
|
|
1,700 |
|
|
|
1,576 |
|
| San Mateo County Community College District, Capital Appreciation Election 2005, Series B, GO, NATL, Zero Coupon, 09/01/2035 |
|
|
1,955 |
|
|
|
1,404 |
|
| South San Francisco Public Facilities Financing Authority, Multiple Capital Projects at Orange Memorial Park, Rev., 5.25%, 06/01/2046 |
|
|
1,000 |
|
|
|
1,095 |
|
| Southern California Public Power Authority, Rev., 5.00%, 04/01/2055 (z) |
|
|
13,320 |
|
|
|
14,419 |
|
| Southern California Public Power Authority, Green Bond Milford Wind Co., Rev., 5.00%, 07/01/2025 |
|
|
250 |
|
|
|
255 |
|
| State of California, |
|
|
|
|
|
|
|
|
| GO, 3.00%, 11/01/2040 |
|
|
500 |
|
|
|
452 |
|
| GO, 4.00%, 09/01/2028 |
|
|
2,060 |
|
|
|
2,183 |
|
| GO, 4.00%, 11/01/2041 |
|
|
1,000 |
|
|
|
1,000 |
|
| GO, 5.00%, 10/01/2026 |
|
|
2,000 |
|
|
|
2,105 |
|
| GO, 5.00%, 04/01/2027 |
|
|
145 |
|
|
|
154 |
|
| GO, 5.00%, 09/01/2027 |
|
|
2,000 |
|
|
|
2,152 |
|
| GO, 5.00%, 04/01/2028 |
|
|
1,000 |
|
|
|
1,090 |
|
| GO, 5.00%, 09/01/2028 |
|
|
3,160 |
|
|
|
3,476 |
|
| GO, 5.00%, 04/01/2029 |
|
|
80 |
|
|
|
89 |
|
| GO, 5.00%, 08/01/2029 |
|
|
1,000 |
|
|
|
1,121 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| GO, 5.00%, 09/01/2029 |
|
|
2,005 |
|
|
|
2,252 |
|
| GO, 5.00%, 11/01/2029 |
|
|
8,215 |
|
|
|
9,256 |
|
| GO, 5.00%, 08/01/2030 |
|
|
700 |
|
|
|
798 |
|
| GO, 5.00%, 08/01/2031 |
|
|
3,840 |
|
|
|
4,437 |
|
| GO, 5.00%, 08/01/2032 |
|
|
2,450 |
|
|
|
2,868 |
|
| GO, 5.00%, 09/01/2034 |
|
|
3,335 |
|
|
|
3,652 |
|
| GO, 5.00%, 10/01/2047 |
|
|
1,500 |
|
|
|
1,537 |
|
| Series CU, GO, 5.50%, 12/01/2052 |
|
|
230 |
|
|
|
255 |
|
| State of California, Bidding Group A, GO, 5.00%, 09/01/2027 |
|
|
3,000 |
|
|
|
3,228 |
|
| State of California, Taxable, GO, 4.60%, 04/01/2038 |
|
|
16,000 |
|
|
|
15,714 |
|
| State of California, Taxable Bidding Group A, GO, 1.75%, 10/01/2028 |
|
|
5,000 |
|
|
|
4,598 |
|
| State of California, Taxable Group B, GO, 5.50%, 10/01/2025 |
|
|
9,000 |
|
|
|
9,112 |
|
| State of California, Various Purpose, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 09/01/2031 |
|
|
1,000 |
|
|
|
1,022 |
|
| GO, 4.00%, 11/01/2033 |
|
|
3,550 |
|
|
|
3,660 |
|
| GO, 4.00%, 10/01/2035 |
|
|
2,825 |
|
|
|
3,006 |
|
| GO, 4.00%, 10/01/2036 |
|
|
8,850 |
|
|
|
9,345 |
|
| GO, 4.00%, 10/01/2037 |
|
|
6,000 |
|
|
|
6,330 |
|
| GO, 5.00%, 10/01/2029 |
|
|
1,000 |
|
|
|
1,125 |
|
| GO, 5.00%, 04/01/2031 |
|
|
1,000 |
|
|
|
1,150 |
|
| GO, 5.00%, 03/01/2034 |
|
|
1,455 |
|
|
|
1,623 |
|
| GO, 5.00%, 04/01/2035 |
|
|
1,000 |
|
|
|
1,090 |
|
| State of California, Veterans Bonds, GO, 5.00%, 12/01/2031 |
|
|
5,500 |
|
|
|
5,518 |
|
| Stockton Unified School District, Series B, GO, AGM, 5.00%, 08/01/2031 |
|
|
5,000 |
|
|
|
5,817 |
|
| Tejon Ranch Public Facilities Finance Authority, |
|
|
|
|
|
|
|
|
| Special Tax, 5.00%, 09/01/2038 |
|
|
1,000 |
|
|
|
1,105 |
|
| Special Tax, 5.00%, 09/01/2042 |
|
|
615 |
|
|
|
666 |
|
| Tobacco Securitization Authority of Southern California, San Diego County Tobacco Asset Securitization, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2027 |
|
|
750 |
|
|
|
785 |
|
| Rev., 5.00%, 06/01/2028 |
|
|
750 |
|
|
|
798 |
|
| University of California, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/15/2031 |
|
|
2,000 |
|
|
|
2,319 |
|
| Series BM, Rev., 5.00%, 05/15/2029 |
|
|
1,665 |
|
|
|
1,874 |
|
| Series BN, Rev., 5.00%, 05/15/2037 |
|
|
1,000 |
|
|
|
1,174 |
|
| Series BN, Rev., 5.00%, 05/15/2038 |
|
|
5,000 |
|
|
|
5,846 |
|
| Series BT, Rev., 5.00%, 05/15/2026 |
|
|
4,000 |
|
|
|
4,175 |
|
| University of California, Limited Project, |
|
|
|
|
|
|
|
|
| Series M, Rev., 4.00%, 05/15/2047 |
|
|
1,300 |
|
|
|
1,294 |
|
| Series M, Rev., 5.00%, 05/15/2034 |
|
|
1,500 |
|
|
|
1,581 |
|
| University of California, Limited Project Bonds, Series Q, Rev., 4.00%, 05/15/2040 |
|
|
1,000 |
|
|
|
1,038 |
|
| University of California, Limited Project Revenue Bonds, Series Q, Rev., 5.00%, 05/15/2032 |
|
|
350 |
|
|
|
404 |
|
| Upper Santa Clara Valley Joint Powers Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 08/01/2045 |
|
|
1,500 |
|
|
|
1,500 |
|
| Series A, Rev., 4.00%, 08/01/2050 |
|
|
2,000 |
|
|
|
2,000 |
|
| Victor Valley Union High School District, Series B, GO, AGM, 4.00%, 08/01/2036 |
|
|
1,270 |
|
|
|
1,289 |
|
| West Contra Costa Healthcare District, Special Tax, 5.00%, 07/01/2027 |
|
|
805 |
|
|
|
864 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| California — continued |
|
|
|
|
|
|
|
|
| William S Hart Union High School District, Capital Appreciation Election 2001, Series B, GO, AGM, Zero Coupon, 09/01/2025 |
|
|
1,960 |
|
|
|
1,912 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
871,115 |
|
|
|
|
|
|
|
|
|
|
| Colorado — 3.3% |
|
|
|
|
|
|
|
|
| Adams & Weld Counties School District No. 27J Brighton, GO, 5.00%, 12/01/2042 |
|
|
1,000 |
|
|
|
1,050 |
|
| Aerotropolis Regional Transportation Authority, Rev., 4.25%, 12/01/2041 |
|
|
500 |
|
|
|
475 |
|
| Alpine Mountain Ranch Metropolitan District Special Improvement District No. 1, Special Assessment, 4.00%, 12/01/2040 |
|
|
500 |
|
|
|
473 |
|
| Baseline Metropolitan District No. 1, |
|
|
|
|
|
|
|
|
| GO, AGC, 4.00%, 12/01/2046 (w) |
|
|
2,000 |
|
|
|
1,972 |
|
| GO, AGC, 5.00%, 12/01/2049 (w) |
|
|
1,970 |
|
|
|
2,107 |
|
| Board of Water Commissioners City & County of Denver, Green Bond, Series A, Rev., 4.00%, 09/15/2042 |
|
|
2,180 |
|
|
|
2,190 |
|
| Brighton Crossing Metropolitan District No. 6, Series A, GO, 5.00%, 12/01/2035 |
|
|
525 |
|
|
|
522 |
|
| Castle Oaks Metropolitan District No. 3, GO, AGM, 4.00%, 12/01/2026 |
|
|
220 |
|
|
|
226 |
|
| Centennial Water & Sanitation District, Rev., 5.00%, 12/01/2053 |
|
|
2,750 |
|
|
|
3,006 |
|
| Centerra Metropolitan District No. 1, Rev., 6.50%, 12/01/2053 |
|
|
500 |
|
|
|
521 |
|
| City & County of Denver Airport System Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 11/15/2026 |
|
|
3,500 |
|
|
|
3,644 |
|
| Series A, Rev., AMT, 5.00%, 11/15/2027 |
|
|
3,000 |
|
|
|
3,173 |
|
| Series A, Rev., AMT, 5.00%, 11/15/2028 |
|
|
1,000 |
|
|
|
1,071 |
|
| Series A, Rev., AMT, 5.00%, 11/15/2029 |
|
|
1,000 |
|
|
|
1,085 |
|
| Series A, Rev., AMT, 5.00%, 12/01/2030 |
|
|
3,000 |
|
|
|
3,283 |
|
| Series A, Rev., AMT, 5.00%, 11/15/2047 |
|
|
13,500 |
|
|
|
14,337 |
|
| Series A, Rev., AMT, 5.50%, 11/15/2053 |
|
|
4,000 |
|
|
|
4,402 |
|
| Series B2, Rev., AMT, 5.00%, 11/15/2031 (z) |
|
|
1,000 |
|
|
|
1,018 |
|
| Series B, Rev., 5.25%, 11/15/2053 |
|
|
4,775 |
|
|
|
5,291 |
|
| Series D, Rev., AMT, 5.75%, 11/15/2040 |
|
|
4,750 |
|
|
|
5,479 |
|
| Series D, Rev., AMT, 5.75%, 11/15/2041 |
|
|
3,000 |
|
|
|
3,445 |
|
| Series D, Rev., AMT, 5.75%, 11/15/2045 |
|
|
11,050 |
|
|
|
12,525 |
|
| City & County of Denver Airport System Revenue, Subordinate, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 11/15/2029 |
|
|
3,250 |
|
|
|
3,526 |
|
| Series B, Rev., AMT, 5.00%, 11/15/2030 |
|
|
6,215 |
|
|
|
6,798 |
|
| Series B, Rev., AMT, 5.00%, 11/15/2031 |
|
|
4,250 |
|
|
|
4,688 |
|
| Series B, Rev., AMT, 5.50%, 11/15/2037 |
|
|
700 |
|
|
|
818 |
|
| City & County of Denver Airport System Revenue, Subordinated, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 12/01/2027 |
|
|
5,840 |
|
|
|
6,171 |
|
| Series A, Rev., AMT, 5.00%, 12/01/2034 |
|
|
2,510 |
|
|
|
2,647 |
|
| Series A, Rev., AMT, 5.00%, 12/01/2043 |
|
|
3,000 |
|
|
|
3,098 |
|
| City & County of Denver CO Airport System Revenue, Rev., AMT, 4.13%, 11/15/2053 |
|
|
5,000 |
|
|
|
4,906 |
|
| City & County of Denver Dedicated Excise Tax Revenue, Series A, Rev., 4.00%, 08/01/2051 |
|
|
9,925 |
|
|
|
9,727 |
|
| Colorado Bridge & Tunnel Enterprise, Senior Infrastructure, Series A, Rev., AGM, 5.25%, 12/01/2049 |
|
|
2,330 |
|
|
|
2,618 |
|
| Colorado Bridge Enterprise, Rev., AMT, 4.00%, 06/30/2051 |
|
|
1,500 |
|
|
|
1,339 |
|
| Colorado Bridge Enterprise, Central 70 Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 12/31/2025 |
|
|
1,000 |
|
|
|
1,007 |
|
| Rev., AMT, 4.00%, 12/31/2030 |
|
|
1,505 |
|
|
|
1,518 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Colorado — continued |
|
|
|
|
|
|
|
|
| Colorado Educational & Cultural Facilities Authority, Aspen View Academy Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/01/2036 |
|
|
175 |
|
|
|
175 |
|
| Rev., 4.00%, 05/01/2041 |
|
|
175 |
|
|
|
168 |
|
| Colorado Health Facilities Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2048 |
|
|
9,000 |
|
|
|
8,794 |
|
| Rev., 4.00%, 05/15/2052 |
|
|
11,610 |
|
|
|
11,229 |
|
| Rev., 5.00%, 05/15/2054 |
|
|
33,325 |
|
|
|
35,522 |
|
| Rev., 5.00%, 11/15/2059 (z) |
|
|
2,000 |
|
|
|
2,204 |
|
| Colorado Health Facilities Authority, AdventHealth Obligated Group, |
|
|
|
|
|
|
|
|
| Rev., 3.00%, 11/15/2051 |
|
|
9,790 |
|
|
|
7,782 |
|
| Rev., 4.00%, 11/15/2038 |
|
|
2,000 |
|
|
|
2,032 |
|
| Rev., 5.00%, 11/15/2038 |
|
|
1,000 |
|
|
|
1,116 |
|
| Colorado Health Facilities Authority, Adventist Health System, Rev., 5.00%, 11/15/2036 (z) |
|
|
1,295 |
|
|
|
1,353 |
|
| Colorado Health Facilities Authority, Adventist Health System Sunbelt, Rev., 5.00%, 11/15/2041 |
|
|
4,000 |
|
|
|
4,082 |
|
| Colorado Health Facilities Authority, Children’s Hospital, Series C, Rev., 5.00%, 12/01/2030 |
|
|
1,000 |
|
|
|
1,032 |
|
| Colorado Health Facilities Authority, Commonspirit Health, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 11/01/2052 |
|
|
2,710 |
|
|
|
2,960 |
|
| Series A1, Rev., 5.00%, 08/01/2027 |
|
|
1,025 |
|
|
|
1,089 |
|
| Series A1, Rev., 5.00%, 08/01/2034 |
|
|
1,240 |
|
|
|
1,332 |
|
| Series A2, Rev., 5.00%, 08/01/2028 |
|
|
2,215 |
|
|
|
2,396 |
|
| Series A2, Rev., 5.00%, 08/01/2044 |
|
|
20,440 |
|
|
|
21,307 |
|
| Series A, Rev., 5.00%, 12/01/2034 |
|
|
5,680 |
|
|
|
6,561 |
|
| Colorado Health Facilities Authority, Improvement Bonds Christian Living Communities, Rev., 4.00%, 01/01/2042 |
|
|
500 |
|
|
|
455 |
|
| Colorado Health Facilities Authority, Intermountain Healthcare, Rev., 5.00%, 05/15/2052 |
|
|
2,500 |
|
|
|
2,681 |
|
| Colorado Health Facilities Authority, Sanford Health, Series A, Rev., 4.00%, 11/01/2039 |
|
|
3,400 |
|
|
|
3,408 |
|
| Colorado Health Facilities Authority, SCL Health System, Series A, Rev., 5.00%, 01/01/2030 |
|
|
1,175 |
|
|
|
1,314 |
|
| Colorado Housing and Finance Authority, Series H, Rev., GNMA COLL, 3.00%, 05/01/2050 |
|
|
1,560 |
|
|
|
1,541 |
|
| Colorado Housing and Finance Authority, Class III Bonds Sustainable Bond, Rev., GNMA COLL, 6.50%, 05/01/2054 |
|
|
695 |
|
|
|
785 |
|
| Colorado Housing and Finance Authority, Social Bonds, |
|
|
|
|
|
|
|
|
| Series E, Rev., GNMA, 3.00%, 11/01/2051 |
|
|
2,290 |
|
|
|
2,261 |
|
| Series H, Rev., GNMA, 3.00%, 11/01/2051 |
|
|
1,020 |
|
|
|
1,005 |
|
| Series I, Rev., GNMA COLL, 6.00%, 05/01/2053 |
|
|
1,360 |
|
|
|
1,509 |
|
| Series L, Rev., GNMA COLL, 3.25%, 11/01/2051 |
|
|
1,520 |
|
|
|
1,511 |
|
| Colorado Housing and Finance Authority, Wintergreen Ridge Apartments Project, Rev., 4.00%, 05/01/2041 (z) |
|
|
80 |
|
|
|
80 |
|
| Colorado Science and Technology Park Metropolitan District No. 1, Series B, Rev., AGM, 4.75%, 12/15/2054 |
|
|
1,000 |
|
|
|
1,037 |
|
| Copperleaf Metropolitan District No. 2, GO, BAM, 4.00%, 12/01/2025 |
|
|
470 |
|
|
|
476 |
|
| Crystal Valley, Metropolitan District No. 2, |
|
|
|
|
|
|
|
|
| Series A, GO, AGM, 5.00%, 12/01/2028 |
|
|
500 |
|
|
|
547 |
|
| Series A, GO, AGM, 5.00%, 12/01/2030 |
|
|
360 |
|
|
|
406 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Colorado — continued |
|
|
|
|
|
|
|
|
| Dawson Trails Metropolitan District No. 1, GO, Zero Coupon, 12/01/2031 |
|
|
6,740 |
|
|
|
3,831 |
|
| Denver City & County, School District No. 1, GO, 5.00%, 12/01/2029 |
|
|
1,000 |
|
|
|
1,054 |
|
| Denver Convention Center Hotel Authority, Senior, Rev., 5.00%, 12/01/2036 |
|
|
1,320 |
|
|
|
1,346 |
|
| Denver Urban Renewal Authority, Senior Subordinated Stapleton, Series B, Tax Allocation, 5.00%, 12/01/2025 |
|
|
500 |
|
|
|
513 |
|
| E-470 Public Highway Authority, Rev., 5.00%, 09/01/2040 |
|
|
1,550 |
|
|
|
1,772 |
|
| E-470 Public Highway Authority, Capital Appreciation, Series A, Rev., NATL, Zero Coupon, 09/01/2027 |
|
|
1,250 |
|
|
|
1,146 |
|
| E-470 Public Highway Authority, Capital Appreciation School Reform, Series B, Rev., NATL, Zero Coupon, 09/01/2030 |
|
|
290 |
|
|
|
239 |
|
| E-470 Public Highway Authority, Senior, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 09/01/2027 |
|
|
1,000 |
|
|
|
1,071 |
|
| Series A, Rev., 5.00%, 09/01/2028 |
|
|
1,000 |
|
|
|
1,094 |
|
| Falcon Area Water & Wastewater Authority, Series A, Rev., 6.75%, 12/01/2034 (e) |
|
|
3,000 |
|
|
|
3,004 |
|
| Garfield Pitkin & Eagle Counties School District No. RE-1 Roaring Fork, GO, 4.00%, 12/15/2034 (p) |
|
|
2,000 |
|
|
|
2,033 |
|
| Jefferson Center Metropolitan District No. 1, |
|
|
|
|
|
|
|
|
| Series A2, Rev., 4.13%, 12/01/2040 |
|
|
575 |
|
|
|
543 |
|
| Series A2, Rev., 4.38%, 12/01/2047 |
|
|
795 |
|
|
|
757 |
|
| Jefferson County School District, Series R1, GO, 5.00%, 12/15/2031 |
|
|
2,000 |
|
|
|
2,185 |
|
| Jefferson County School District No. R-1, GO, 4.00%, 12/15/2032 |
|
|
1,500 |
|
|
|
1,604 |
|
| Kremmling Memorial Hospital District, COP, 6.13%, 12/01/2044 (e) |
|
|
3,850 |
|
|
|
3,789 |
|
| Mesa County School District No. 50, GO, 5.50%, 12/01/2049 |
|
|
1,835 |
|
|
|
2,074 |
|
| Park Creek Metropolitan District, Senior, Series A, Rev., AGM, 5.00%, 12/01/2043 |
|
|
1,500 |
|
|
|
1,627 |
|
| Peak Metropolitan District No. 3, GO, 0.00%, 12/01/2042 |
|
|
3,950 |
|
|
|
2,475 |
|
| Public Authority for Colorado Energy, Rev., 6.50%, 11/15/2038 |
|
|
6,000 |
|
|
|
7,523 |
|
| Pueblo Urban Renewal Authority, EVRAZ Project Tax, Increment, Tax Allocation, 4.75%, 12/01/2045 (e) |
|
|
635 |
|
|
|
442 |
|
| Regional Transportation District Sales Tax Revenue, Fastracks Project, Series A, Rev., 5.00%, 11/01/2033 |
|
|
1,000 |
|
|
|
1,186 |
|
| Regional Transportation District, Denver Transit Partners Eagle, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/15/2026 |
|
|
575 |
|
|
|
594 |
|
| Series A, Rev., 5.00%, 01/15/2027 |
|
|
1,000 |
|
|
|
1,042 |
|
| Series A, Rev., 5.00%, 01/15/2032 |
|
|
1,470 |
|
|
|
1,613 |
|
| Riverpark Metropolitan District/Arapahoe County, GO, 6.00%, 12/01/2042 |
|
|
1,150 |
|
|
|
1,188 |
|
| Siena Lake Metropolitan District, GO, 3.75%, 12/01/2041 |
|
|
500 |
|
|
|
414 |
|
| South Suburban Park & Recreation District, COP, 4.00%, 12/15/2036 |
|
|
1,350 |
|
|
|
1,385 |
|
| Spring Valley Metropolitan District No. 3, Series A, GO, 5.00%, 12/01/2049 |
|
|
2,035 |
|
|
|
2,018 |
|
| State of Colorado, |
|
|
|
|
|
|
|
|
| COP, 4.00%, 12/15/2040 |
|
|
1,600 |
|
|
|
1,624 |
|
| COP, 6.00%, 12/15/2041 |
|
|
15,000 |
|
|
|
17,918 |
|
| Series A, COP, 4.00%, 12/15/2039 |
|
|
1,500 |
|
|
|
1,532 |
|
| Series A, COP, 5.00%, 12/15/2029 |
|
|
1,000 |
|
|
|
1,119 |
|
| Series L, COP, 5.00%, 03/15/2028 |
|
|
1,000 |
|
|
|
1,081 |
|
| Sterling Ranch Community Authority Board, Senior, Rev., 6.50%, 12/01/2054 |
|
|
1,000 |
|
|
|
1,054 |
|
| Sterling Ranch Community Authority Board, Special Improvement District No. 1, Special Assessment, 5.63%, 12/01/2043 |
|
|
1,500 |
|
|
|
1,568 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Colorado — continued |
|
|
|
|
|
|
|
|
| Sterling Ranch Metropolitan District No. 1, GO, 5.00%, 12/01/2040 |
|
|
500 |
|
|
|
497 |
|
| Trails at Crowfoot Metropolitan District No. 3, GO, AGC, 4.25%, 12/01/2054 |
|
|
1,500 |
|
|
|
1,498 |
|
| University of Colorado, Series B1, Rev., 4.00%, 06/01/2034 (p) |
|
|
4,000 |
|
|
|
4,106 |
|
| University of Colorado Hospital Authority, Rev., 5.00%, 11/15/2031 |
|
|
2,665 |
|
|
|
3,052 |
|
| University of Colorado, University Enterprise, |
|
|
|
|
|
|
|
|
| Rev., 2.00%, 06/01/2051 (z) |
|
|
4,000 |
|
|
|
3,928 |
|
| Verve Metropolitan District No. 1, GO, 5.00%, 12/01/2036 |
|
|
1,500 |
|
|
|
1,376 |
|
| Village Metropolitan District (The), GO, 4.15%, 12/01/2030 |
|
|
425 |
|
|
|
422 |
|
| Villages at Johnstown Metropolitan District No. 3, Senior Bond, Series A, GO, 5.00%, 12/01/2040 |
|
|
585 |
|
|
|
575 |
|
| Waterview II Metropolitan District, GO, 5.00%, 12/01/2041 |
|
|
1,250 |
|
|
|
1,267 |
|
| Weld County School District No. RE-4, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 12/01/2029 |
|
|
1,100 |
|
|
|
1,235 |
|
| GO, 5.00%, 12/01/2031 |
|
|
1,000 |
|
|
|
1,155 |
|
| GO, 5.25%, 12/01/2047 |
|
|
5,000 |
|
|
|
5,601 |
|
| Windler Public Improvement Authority, Series A1, Rev., 4.00%, 12/01/2036 |
|
|
2,565 |
|
|
|
2,352 |
|
| Windy Gap Firming Project Water Activity Enterprise, Windy Gap Firming Project, Rev., 5.00%, 07/15/2051 |
|
|
5,000 |
|
|
|
5,356 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
358,184 |
|
|
|
|
|
|
|
|
|
|
| Connecticut — 1.0% |
|
|
|
|
|
|
|
|
| City of Bridgeport, Series A, GO, 4.00%, 06/01/2039 |
|
|
250 |
|
|
|
254 |
|
| Connecticut Housing Finance Authority, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 3.50%, 11/15/2051 |
|
|
65 |
|
|
|
65 |
|
| Series B, Rev., 4.50%, 11/15/2043 |
|
|
2,725 |
|
|
|
2,782 |
|
| Connecticut Housing Finance Authority, Sustainable Bond, Housing Mortgage Finance, |
|
|
|
|
|
|
|
|
| Rev., 5.13%, 11/15/2043 |
|
|
5,000 |
|
|
|
5,339 |
|
| Rev., 6.25%, 05/15/2054 |
|
|
4,875 |
|
|
|
5,392 |
|
| Connecticut Housing Finance Authority, Sustainable Bonds, Rev., GNMA/FNMA/FHLMC, 4.45%, 11/15/2044 |
|
|
10,000 |
|
|
|
10,123 |
|
| Connecticut State Health & Educational Facilities Authority, |
|
|
|
|
|
|
|
|
| Series 2017 B1, Rev., 5.00%, 07/01/2029 |
|
|
4,845 |
|
|
|
5,437 |
|
| Series A, Rev., 2.80%, 07/01/2048 (z) |
|
|
2,000 |
|
|
|
2,003 |
|
| Connecticut State Health & Educational Facilities Authority, Connecticut Children’s Medical Center, Rev., 5.25%, 07/15/2048 |
|
|
4,575 |
|
|
|
5,031 |
|
| Connecticut State Health & Educational Facilities Authority, Hartford Healthcare Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2026 |
|
|
555 |
|
|
|
576 |
|
| Series A, Rev., 5.00%, 07/01/2033 |
|
|
565 |
|
|
|
617 |
|
| Connecticut State Health & Educational Facilities Authority, Quinnipiac University Issue, Rev., 5.00%, 07/01/2048 |
|
|
3,000 |
|
|
|
3,226 |
|
| Connecticut State Health & Educational Facilities Authority, Stamford Hospital Issue, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2035 |
|
|
1,000 |
|
|
|
1,027 |
|
| Rev., 4.00%, 07/01/2038 |
|
|
2,500 |
|
|
|
2,539 |
|
| Rev., 4.00%, 07/01/2041 |
|
|
2,250 |
|
|
|
2,234 |
|
| Rev., 5.00%, 07/01/2030 |
|
|
865 |
|
|
|
962 |
|
| Connecticut State Higher Education Supplement Loan Authority, Rev., AMT, 4.13%, 11/15/2040 |
|
|
2,315 |
|
|
|
2,350 |
|
| Connecticut State Higher Education Supplement Loan Authority, CHESLA Loan Program, Series B, Rev., AMT, 5.00%, 11/15/2030 |
|
|
500 |
|
|
|
537 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Connecticut — continued |
|
|
|
|
|
|
|
|
| Connecticut State, Health & Educational Facilities Authority, Sacred Heart University, |
|
|
|
|
|
|
|
|
| Series K, Rev., 4.00%, 07/01/2045 |
|
|
2,625 |
|
|
|
2,599 |
|
| Series K, Rev., 5.00%, 07/01/2037 |
|
|
950 |
|
|
|
1,033 |
|
| Connecticut State, Health & Educational Facilities Authority, Yale University, Series C1, Rev., 5.00%, 07/01/2040 (z) |
|
|
2,150 |
|
|
|
2,332 |
|
| State of Connecticut, |
|
|
|
|
|
|
|
|
| Series 2021A, GO, 3.00%, 01/15/2026 |
|
|
5,000 |
|
|
|
5,025 |
|
| Series 2021A, GO, 3.00%, 01/15/2032 |
|
|
2,250 |
|
|
|
2,227 |
|
| Series 2021A, GO, 3.00%, 01/15/2033 |
|
|
500 |
|
|
|
496 |
|
| Series 2021A, GO, 4.00%, 01/15/2028 |
|
|
3,500 |
|
|
|
3,677 |
|
| Series A, GO, 4.00%, 03/15/2032 |
|
|
850 |
|
|
|
853 |
|
| Series B, GO, 5.00%, 08/01/2033 |
|
|
1,750 |
|
|
|
2,063 |
|
| Series C, GO, 5.00%, 06/15/2037 |
|
|
40 |
|
|
|
46 |
|
| State of Connecticut Special Tax Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2028 |
|
|
500 |
|
|
|
547 |
|
| Series A, Rev., 5.00%, 05/01/2035 |
|
|
500 |
|
|
|
565 |
|
| Series A, Rev., 5.25%, 07/01/2042 |
|
|
10,000 |
|
|
|
11,394 |
|
| Series D, Rev., 4.00%, 11/01/2038 |
|
|
3,500 |
|
|
|
3,643 |
|
| Series D, Rev., 5.00%, 11/01/2028 |
|
|
1,480 |
|
|
|
1,630 |
|
| Series D, Rev., 5.00%, 11/01/2033 |
|
|
1,675 |
|
|
|
1,921 |
|
| State of Connecticut, Social Bonds, Series F, GO, 5.00%, 11/15/2041 |
|
|
1,525 |
|
|
|
1,717 |
|
| State of Connecticut, Special Tax Obligation Bonds, Rev., 5.00%, 05/01/2040 |
|
|
300 |
|
|
|
327 |
|
| State of Connecticut, Special Tax Revenue, Transportation Infrastructure, Series A, Rev., 5.00%, 09/01/2031 |
|
|
1,220 |
|
|
|
1,222 |
|
| State of Connecticut, Sustainable Bond, |
|
|
|
|
|
|
|
|
| Series B, GO, 4.00%, 01/15/2041 |
|
|
1,000 |
|
|
|
1,038 |
|
| Series B, GO, 5.00%, 01/15/2040 |
|
|
1,000 |
|
|
|
1,147 |
|
| Steel Point Infrastructure Improvement District, Steelpointe Harbor Project, Tax Allocation, 4.00%, 04/01/2036 (e) |
|
|
195 |
|
|
|
192 |
|
| Town of Hamden, |
|
|
|
|
|
|
|
|
| GO, BAM, 4.00%, 08/15/2027 |
|
|
535 |
|
|
|
554 |
|
| GO, BAM, 5.00%, 08/15/2029 |
|
|
575 |
|
|
|
636 |
|
| GO, BAM, 5.00%, 08/15/2031 |
|
|
500 |
|
|
|
566 |
|
| Series A, GO, BAM, 5.00%, 08/01/2032 |
|
|
2,255 |
|
|
|
2,507 |
|
| University of Connecticut, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 02/15/2025 |
|
|
1,200 |
|
|
|
1,208 |
|
| Series A, Rev., 5.00%, 01/15/2037 |
|
|
3,000 |
|
|
|
3,127 |
|
| Series A, Rev., 5.00%, 08/15/2039 |
|
|
650 |
|
|
|
745 |
|
| Series A, Rev., 5.00%, 08/15/2040 |
|
|
860 |
|
|
|
980 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
106,511 |
|
|
|
|
|
|
|
|
|
|
| Delaware — 0.3% |
|
|
|
|
|
|
|
|
| County of Kent DE, Rev., 5.00%, 07/01/2033 |
|
|
1,190 |
|
|
|
1,227 |
|
| Delaware State Economic Development Authority, NRG Energy Project, Rev., 1.25%, 10/01/2045 (z) |
|
|
4,065 |
|
|
|
3,957 |
|
| Delaware State Health Facilities Authority, Beebe Medical Center, Rev., 5.00%, 06/01/2050 |
|
|
2,250 |
|
|
|
2,289 |
|
| Delaware State Health Facilities Authority, Christiana Health Care System, Rev., 5.00%, 10/01/2039 |
|
|
5,345 |
|
|
|
5,702 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Delaware — continued |
|
|
|
|
|
|
|
|
| Delaware Transportation Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2027 |
|
|
1,000 |
|
|
|
1,070 |
|
| Rev., 5.00%, 07/01/2033 |
|
|
2,265 |
|
|
|
2,547 |
|
| Delaware Transportation Authority, Garvee, Rev., 5.00%, 09/01/2025 |
|
|
1,000 |
|
|
|
1,021 |
|
| State of Delaware, |
|
|
|
|
|
|
|
|
| GO, 2.00%, 02/01/2036 |
|
|
6,910 |
|
|
|
5,653 |
|
| GO, 4.00%, 02/01/2031 |
|
|
1,000 |
|
|
|
1,055 |
|
| GO, 5.00%, 02/01/2028 |
|
|
5,020 |
|
|
|
5,453 |
|
| GO, 5.00%, 02/01/2031 |
|
|
85 |
|
|
|
98 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,072 |
|
|
|
|
|
|
|
|
|
|
| District of Columbia — 1.9% |
|
|
|
|
|
|
|
|
| District of Columbia, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 12/01/2030 (w) |
|
|
1,070 |
|
|
|
1,223 |
|
| GO, 5.00%, 12/01/2031 (w) |
|
|
2,210 |
|
|
|
2,562 |
|
| Rev., 5.00%, 06/01/2040 |
|
|
1,725 |
|
|
|
1,754 |
|
| Series A, Rev., 4.00%, 03/01/2037 |
|
|
2,000 |
|
|
|
2,068 |
|
| Series A, Rev., 4.00%, 03/01/2040 |
|
|
10,000 |
|
|
|
10,117 |
|
| Series A, GO, 5.00%, 01/01/2027 |
|
|
475 |
|
|
|
502 |
|
| Series A, Rev., 5.00%, 03/01/2031 |
|
|
1,500 |
|
|
|
1,669 |
|
| Series A, GO, 5.00%, 01/01/2038 |
|
|
1,000 |
|
|
|
1,148 |
|
| Series A, GO, 5.00%, 01/01/2040 |
|
|
2,400 |
|
|
|
2,716 |
|
| Series B, GO, 5.00%, 06/01/2025 |
|
|
1,000 |
|
|
|
1,015 |
|
| Series C, Rev., 4.00%, 05/01/2039 |
|
|
2,500 |
|
|
|
2,571 |
|
| Series C, Rev., 4.00%, 05/01/2045 |
|
|
5,000 |
|
|
|
5,004 |
|
| Series D, GO, 5.00%, 02/01/2028 |
|
|
820 |
|
|
|
890 |
|
| Series D, GO, 5.00%, 02/01/2029 |
|
|
70 |
|
|
|
78 |
|
| Series E, GO, 5.00%, 06/01/2025 |
|
|
2,000 |
|
|
|
2,030 |
|
| Series E, GO, 5.00%, 02/01/2028 |
|
|
110 |
|
|
|
119 |
|
| District of Columbia Housing Finance Agency, Rev., 5.00%, 12/01/2028 (z) |
|
|
225 |
|
|
|
238 |
|
| District of Columbia Housing Finance Agency, Kenilworth 166 Apartments, Rev., HUD, 1.25%, 06/01/2025 (z) |
|
|
3,225 |
|
|
|
3,208 |
|
| District of Columbia Income Tax Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 10/01/2037 |
|
|
2,000 |
|
|
|
2,358 |
|
| Series A, Rev., 5.00%, 05/01/2038 |
|
|
1,450 |
|
|
|
1,669 |
|
| Series A, Rev., 5.00%, 05/01/2039 |
|
|
2,000 |
|
|
|
2,286 |
|
| District of Columbia Water & Sewer Authority, |
|
|
|
|
|
|
|
|
| Rev., VRDO, 3.90%, 10/01/2024 (z) |
|
|
20,000 |
|
|
|
20,000 |
|
| Rev., 4.00%, 10/01/2041 |
|
|
2,000 |
|
|
|
1,988 |
|
| District of Columbia Water & Sewer Authority, Green Bond Subordinate, Series A, Rev., 5.00%, 10/01/2038 |
|
|
1,010 |
|
|
|
1,098 |
|
| District of Columbia Water & Sewer Authority, Subordinate, Series C1, Rev., 5.00%, 10/01/2031 |
|
|
2,000 |
|
|
|
2,311 |
|
| District of Columbia, Latin American Montessori, Rev., 4.00%, 06/01/2030 |
|
|
655 |
|
|
|
655 |
|
| District of Columbia, National Public Radio, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 04/01/2032 (p) |
|
|
1,500 |
|
|
|
1,531 |
|
| Rev., 5.00%, 04/01/2028 (p) |
|
|
270 |
|
|
|
280 |
|
| Rev., 5.00%, 04/01/2029 (p) |
|
|
275 |
|
|
|
285 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| District of Columbia — continued |
|
|
|
|
|
|
|
|
| Metropolitan Washington Airports Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2026 |
|
|
1,335 |
|
|
|
1,380 |
|
| Rev., AMT, 5.00%, 10/01/2029 |
|
|
2,000 |
|
|
|
2,101 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2027 |
|
|
1,515 |
|
|
|
1,592 |
|
| Metropolitan Washington Airports Authority Aviation Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 10/01/2051 |
|
|
2,500 |
|
|
|
2,426 |
|
| Rev., AMT, 5.00%, 10/01/2027 |
|
|
1,000 |
|
|
|
1,051 |
|
| Rev., AMT, 5.00%, 10/01/2030 |
|
|
3,845 |
|
|
|
4,190 |
|
| Rev., AMT, 5.00%, 10/01/2044 |
|
|
3,500 |
|
|
|
3,740 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2025 |
|
|
450 |
|
|
|
458 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2028 |
|
|
4,880 |
|
|
|
5,206 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2030 |
|
|
6,000 |
|
|
|
6,091 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2032 |
|
|
5,000 |
|
|
|
5,441 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2034 |
|
|
8,000 |
|
|
|
8,002 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2044 |
|
|
3,890 |
|
|
|
3,891 |
|
| Series A, Rev., AMT, 5.25%, 10/01/2039 |
|
|
1,135 |
|
|
|
1,266 |
|
| Series A, Rev., AMT, 5.25%, 10/01/2048 |
|
|
7,000 |
|
|
|
7,575 |
|
| Metropolitan Washington Airports Authority Aviation Revenue, Airport System, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 10/01/2033 |
|
|
3,000 |
|
|
|
3,207 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2049 |
|
|
5,000 |
|
|
|
5,185 |
|
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Dulles Metrorail & Capital, Rev., AGM, 4.00%, 10/01/2052 |
|
|
10,000 |
|
|
|
9,789 |
|
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Subordinated Dulles Metrorail, Rev., AGM, 4.00%, 10/01/2053 |
|
|
1,965 |
|
|
|
1,887 |
|
| Metropolitan Washington Airports Authority, Dulles Toll Road Revenue, Second Lien, Series C, Rev., AGC, 6.50%, 10/01/2041 (p) |
|
|
350 |
|
|
|
377 |
|
| Washington Convention & Sports Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 10/01/2034 |
|
|
1,015 |
|
|
|
1,055 |
|
| Series A, Rev., 5.00%, 10/01/2033 |
|
|
1,000 |
|
|
|
1,112 |
|
| Washington Convention & Sports Authority, Senior Lien, |
|
|
|
|
|
|
|
|
| Series B, Tax Allocation, 5.00%, 10/01/2029 |
|
|
1,000 |
|
|
|
1,111 |
|
| Series B, Tax Allocation, 5.00%, 10/01/2030 |
|
|
1,500 |
|
|
|
1,685 |
|
| Washington Metropolitan Area Transit Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/15/2026 |
|
|
1,650 |
|
|
|
1,723 |
|
| Series A, Rev., 5.00%, 07/15/2037 |
|
|
2,000 |
|
|
|
2,203 |
|
| Series B, Rev., 5.00%, 07/01/2032 |
|
|
1,115 |
|
|
|
1,172 |
|
| Washington Metropolitan Area Transit Authority Dedicated Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/15/2054 |
|
|
23,750 |
|
|
|
25,939 |
|
| Rev., 5.00%, 07/15/2056 |
|
|
8,750 |
|
|
|
9,556 |
|
| Rev., 5.25%, 07/15/2059 |
|
|
12,870 |
|
|
|
14,339 |
|
| Series A, Rev., 5.00%, 07/15/2025 |
|
|
1,990 |
|
|
|
2,024 |
|
| Washington Metropolitan Area Transit Authority Dedicated Revenue, Sustainability Financed Bond, Rev., 5.00%, 07/15/2029 |
|
|
3,000 |
|
|
|
3,342 |
|
| Washington Metropolitan Area Transit Authority, Green Bond, Series A, Rev., 5.00%, 07/15/2029 |
|
|
1,540 |
|
|
|
1,715 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
215,204 |
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — 5.2% |
|
|
|
|
|
|
|
|
| Alachua County Health Facilities Authority, Oak Hammock at The University of Florida, Inc. Project, Rev., 4.00%, 10/01/2031 |
|
|
615 |
|
|
|
617 |
|
| Alachua County Health Facilities Authority, Shands Teaching Hospital & Clinics, Rev., 5.00%, 12/01/2034 |
|
|
2,570 |
|
|
|
2,790 |
|
| Ave Maria Stewardship Community District, Phase 3 Master Improvements Project, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.75%, 05/01/2031 |
|
|
420 |
|
|
|
386 |
|
| Special Assessment, 3.13%, 05/01/2041 |
|
|
1,775 |
|
|
|
1,437 |
|
| Aventura Isles Community Development District, |
|
|
|
|
|
|
|
|
| Special Assessment, 5.00%, 05/01/2034 |
|
|
720 |
|
|
|
770 |
|
| Special Assessment, 5.00%, 05/01/2043 |
|
|
1,000 |
|
|
|
1,023 |
|
| Babcock Ranch Community Independent Special District, Special Assessment, 4.00%, 05/01/2052 |
|
|
695 |
|
|
|
595 |
|
| Belmond Reserve Community Development District, 202 Project, Special Assessment, 4.00%, 05/01/2040 |
|
|
345 |
|
|
|
341 |
|
| Belmont II Community Development District, 2020 Assessment Area, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.50%, 12/15/2025 |
|
|
10 |
|
|
|
10 |
|
| Special Assessment, 3.13%, 12/15/2030 |
|
|
125 |
|
|
|
121 |
|
| Boggy Branch Community Development District, Special Assessment, 2.50%, 05/01/2026 |
|
|
100 |
|
|
|
98 |
|
| Boggy Creek Improvement District, Special Assessment, Series 2013, Special Assessment, 5.13%, 05/01/2043 (e) |
|
|
1,000 |
|
|
|
1,000 |
|
| Brevard County Health Facilities Authority, Health First Obligated Group, Rev., 5.00%, 04/01/2052 |
|
|
8,235 |
|
|
|
8,761 |
|
| Brevard County Health Facilities Authority, Health First, Inc., Rev., 4.00%, 04/01/2036 |
|
|
1,790 |
|
|
|
1,790 |
|
| Broward County Housing Finance Authority, Pinnacle 441 Phase 2, Rev., 4.05%, 09/01/2056 (z) |
|
|
990 |
|
|
|
1,003 |
|
| Broward County Water & Sewer Utility Revenue, Series A, Rev., 4.00%, 10/01/2038 |
|
|
675 |
|
|
|
705 |
|
| Capital Projects Finance Authority, Florida University Project, Series A1, Rev., 5.00%, 10/01/2032 |
|
|
1,350 |
|
|
|
1,427 |
|
| Capital Projects Finance Authority, IPS Enterprises, Inc. Projects, Rev., 7.00%, 06/15/2030 (e) |
|
|
4,000 |
|
|
|
4,201 |
|
| Capital Projects Finance Authority/FL, Rev., 5.00%, 06/15/2044 (e) |
|
|
760 |
|
|
|
768 |
|
| Capital Trust Agency, Inc., Imagine School at North Manatee, Rev., 5.00%, 06/01/2041 (e) |
|
|
325 |
|
|
|
320 |
|
| Capital Trust Agency, Inc., Lutz Preparatory School, Inc. Project, Series A, Rev., 4.00%, 06/01/2041 |
|
|
300 |
|
|
|
289 |
|
| Capital Trust Agency, Inc., Tallahassee Classical School, Rev., 4.00%, 07/01/2036 (e) |
|
|
1,370 |
|
|
|
1,182 |
|
| Capital Trust Agency, Inc., Franklin Academy Project, Rev., 5.00%, 12/15/2050 (e) |
|
|
2,350 |
|
|
|
2,212 |
|
| Capital Trust Authority, Ips Enterprises, Inc., Series A, Rev., 6.00%, 06/15/2043 (e) |
|
|
4,350 |
|
|
|
4,596 |
|
| Central Florida Expressway Authority, |
|
|
|
|
|
|
|
|
| Rev., AGC, 5.00%, 07/01/2032 |
|
|
1,500 |
|
|
|
1,730 |
|
| Series D, Rev., 5.00%, 07/01/2029 |
|
|
565 |
|
|
|
628 |
|
| Series D, Rev., AGM, 5.00%, 07/01/2034 |
|
|
3,000 |
|
|
|
3,411 |
|
| Series D, Rev., AGM, 5.00%, 07/01/2035 |
|
|
10,000 |
|
|
|
11,332 |
|
| Central Florida Expressway Authority, Senior Lien, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 07/01/2038 |
|
|
3,625 |
|
|
|
3,773 |
|
| Rev., AGM, 4.00%, 07/01/2039 |
|
|
1,260 |
|
|
|
1,306 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| Centre Lake Community Development District, Special Assessment, 3.00%, 05/01/2042 |
|
|
605 |
|
|
|
489 |
|
| Chapel Creek Community Development District, Special Assessment, 3.00%, 05/01/2031 (e) |
|
|
185 |
|
|
|
172 |
|
| Charlotte County Industrial Development Authority, Town & Country Utilities Project, Rev., AMT, 5.00%, 10/01/2049 (e) |
|
|
1,545 |
|
|
|
1,557 |
|
| City of Doral FL, GO, 4.00%, 07/01/2043 |
|
|
3,055 |
|
|
|
3,084 |
|
| City of Jacksonville, Baptist Health, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
4,755 |
|
|
|
4,755 |
|
| City of Jacksonville, Baptist Health, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
1,300 |
|
|
|
1,300 |
|
| City of Jacksonville, Brooks Rehabilitation Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2034 |
|
|
500 |
|
|
|
504 |
|
| Rev., 4.00%, 11/01/2045 |
|
|
1,500 |
|
|
|
1,410 |
|
| City of Miami Beach, Arts and Cultural Facilities, Series A, GO, 5.25%, 05/01/2053 |
|
|
5,000 |
|
|
|
5,508 |
|
| City of Pompano Beach, John Knox Village Project, Series A, Rev., 4.00%, 09/01/2036 |
|
|
175 |
|
|
|
176 |
|
| City of Port St. Lucie Stormwater Utility Revenue, Rev., 4.00%, 05/01/2039 |
|
|
1,075 |
|
|
|
1,092 |
|
| City of Tallahassee, Energy System Revenue, Rev., 5.00%, 10/01/2028 |
|
|
2,000 |
|
|
|
2,200 |
|
| City of Tampa, Baycare, Series A, Rev., 5.00%, 11/15/2046 |
|
|
10,000 |
|
|
|
10,153 |
|
| City of Tampa, H. Lee Moffitt Cancer Center, Rev., 5.00%, 07/01/2050 |
|
|
4,000 |
|
|
|
4,202 |
|
| Collier County Health Facilities Authority, The Moorings, Inc., Rev., 4.00%, 05/01/2052 |
|
|
145 |
|
|
|
137 |
|
| County of Broward Port Facilities Revenue, Rev., AMT, 5.50%, 09/01/2052 |
|
|
3,675 |
|
|
|
4,000 |
|
| County of Broward Tourist Development Tax Revenue, Convention Center Expansion Project, Rev., 5.00%, 09/01/2031 |
|
|
3,000 |
|
|
|
3,404 |
|
| County of Broward, Airport System Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2033 |
|
|
655 |
|
|
|
682 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2028 |
|
|
800 |
|
|
|
855 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2036 |
|
|
2,000 |
|
|
|
2,128 |
|
| County of Broward, Port Facilities Revenue, Senior Bond, Series B, Rev., AMT, 4.00%, 09/01/2044 |
|
|
3,000 |
|
|
|
2,915 |
|
| County of Broward, Tourist Development Tax Revenue, Convention Center Expansion Project, Rev., 4.00%, 09/01/2047 |
|
|
3,000 |
|
|
|
2,950 |
|
| County of Hillsborough, Rev., 4.00%, 08/01/2034 |
|
|
4,370 |
|
|
|
4,612 |
|
| County of Lee Airport Revenue, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 10/01/2029 |
|
|
180 |
|
|
|
195 |
|
| Series B, Rev., AMT, 5.00%, 10/01/2032 |
|
|
2,000 |
|
|
|
2,179 |
|
| County of Lee Local Option Gas Tax Revenue, Rev., 5.25%, 08/01/2049 |
|
|
13,000 |
|
|
|
14,107 |
|
| County of Miami-Dade Aviation Department, Series A, Rev., AMT, 5.00%, 10/01/2033 |
|
|
1,000 |
|
|
|
1,001 |
|
| County of Miami-Dade Aviation Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2028 |
|
|
7,000 |
|
|
|
7,008 |
|
| Rev., 5.00%, 10/01/2041 |
|
|
6,000 |
|
|
|
6,125 |
|
| Series A, Rev., 5.00%, 10/01/2025 |
|
|
1,250 |
|
|
|
1,279 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2027 |
|
|
1,325 |
|
|
|
1,326 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2030 |
|
|
2,000 |
|
|
|
2,029 |
|
| Series A, Rev., 5.00%, 10/01/2031 |
|
|
2,000 |
|
|
|
2,246 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2044 |
|
|
2,200 |
|
|
|
2,276 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2049 |
|
|
3,250 |
|
|
|
3,348 |
|
| Series B, Rev., AMT, 5.00%, 10/01/2040 |
|
|
23,000 |
|
|
|
23,587 |
|
| County of Miami-Dade FL Aviation Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2027 |
|
|
3,700 |
|
|
|
3,894 |
|
| Rev., AMT, 5.00%, 10/01/2029 |
|
|
4,920 |
|
|
|
5,320 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2035 |
|
|
15,000 |
|
|
|
16,614 |
|
| Rev., AMT, 5.00%, 10/01/2036 |
|
|
3,710 |
|
|
|
4,086 |
|
| County of Miami-Dade FL Transit System, Rev., 4.00%, 07/01/2035 |
|
|
3,405 |
|
|
|
3,430 |
|
| County of Miami-Dade FL Water & Sewer System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/01/2041 |
|
|
4,500 |
|
|
|
5,105 |
|
| Rev., 5.00%, 10/01/2042 |
|
|
5,000 |
|
|
|
5,639 |
|
| County of Miami-Dade Seaport Department, Senior Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 10/01/2030 |
|
|
1,970 |
|
|
|
2,135 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2031 |
|
|
2,975 |
|
|
|
3,249 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2033 |
|
|
3,500 |
|
|
|
3,845 |
|
| Series A, Rev., AMT, 5.25%, 10/01/2052 |
|
|
2,000 |
|
|
|
2,143 |
|
| County of Miami-Dade Seaport Department, Subordinate, Series A1, Rev., AGM, AMT, 4.00%, 10/01/2040 |
|
|
2,675 |
|
|
|
2,683 |
|
| County of Miami-Dade Transit System, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2048 |
|
|
5,000 |
|
|
|
4,923 |
|
| Series A, Rev., 4.00%, 07/01/2045 |
|
|
2,070 |
|
|
|
2,075 |
|
| County of Miami-Dade, Building Better Communities Project, Series A, GO, 4.00%, 07/01/2044 |
|
|
350 |
|
|
|
352 |
|
| County of Miami-Dade, Public Health Trust Program, GO, 4.00%, 07/01/2042 |
|
|
3,000 |
|
|
|
3,023 |
|
| County of Monroe Airport Revenue, Key West International Airport, Series 202, Rev., AMT, 5.00%, 10/01/2052 |
|
|
2,450 |
|
|
|
2,504 |
|
| County of Orange Water Utility System Revenue, Rev., 5.00%, 10/01/2028 |
|
|
2,040 |
|
|
|
2,239 |
|
| Currents Community Development District, Series A, Special Assessment, 4.00%, 05/01/2051 (e) |
|
|
2,000 |
|
|
|
1,724 |
|
| Cypress Mill Community Development District, 2023 Project, Special Assessment, 5.00%, 05/01/2053 |
|
|
1,025 |
|
|
|
1,041 |
|
| Daytona Beach Housing Authority, The WM at River Project, Rev., 1.25%, 12/01/2025 (z) |
|
|
115 |
|
|
|
114 |
|
| DG Farms Community Development District, Special Assessment, 3.75%, 05/01/2040 |
|
|
400 |
|
|
|
365 |
|
| Duval County Public Schools, Series A, COP, AGM, 5.00%, 07/01/2032 |
|
|
4,750 |
|
|
|
5,286 |
|
| Eden Hills Community Development District, Special Assessment, 4.00%, 05/01/2040 |
|
|
300 |
|
|
|
294 |
|
| Epperson North Community Development District, Assessment Area, Special Assessment, 2.50%, 05/01/2026 |
|
|
85 |
|
|
|
83 |
|
| Epperson Ranch II Community Development District, Assessment Area Two Capital Improvement, Special Assessment, 4.20%, 05/01/2040 |
|
|
1,385 |
|
|
|
1,314 |
|
| Everlands II Community Development District, Special Assessment, 5.20%, 06/15/2044 |
|
|
725 |
|
|
|
735 |
|
| Florida Development Finance Corp., |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2044 (e) |
|
|
1,750 |
|
|
|
1,804 |
|
| Rev., 5.25%, 06/01/2059 (e) |
|
|
1,145 |
|
|
|
1,177 |
|
| Rev., AMT, 8.25%, 07/01/2057 (e) (z) |
|
|
15,300 |
|
|
|
15,758 |
|
| Series A, Rev., 4.00%, 06/01/2030 |
|
|
500 |
|
|
|
482 |
|
| Florida Development Finance Corp., Brightline Florida Passenger, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2041 |
|
|
11,000 |
|
|
|
11,331 |
|
| Rev., AGM, AMT, 5.00%, 07/01/2044 |
|
|
7,800 |
|
|
|
8,215 |
|
| Rev., AGM, AMT, 5.25%, 07/01/2047 |
|
|
6,050 |
|
|
|
6,457 |
|
| Rev., AGM, AMT, 5.25%, 07/01/2053 |
|
|
4,000 |
|
|
|
4,228 |
|
| Rev., AMT, 5.50%, 07/01/2053 |
|
|
7,000 |
|
|
|
7,329 |
|
| Rev., AMT, 12.00%, 07/15/2032 (e) |
|
|
3,980 |
|
|
|
4,244 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| Florida Development Finance Corp., Discovery High School Project, Series A, Rev., 4.00%, 06/01/2030 (e) |
|
|
1,200 |
|
|
|
1,069 |
|
| Florida Development Finance Corp., Lakeland Regional Health System, Rev., 4.00%, 11/15/2037 |
|
|
2,400 |
|
|
|
2,472 |
|
| Florida Development Finance Corp., Mater Academy Project, Series A, Rev., 5.00%, 06/15/2040 |
|
|
400 |
|
|
|
408 |
|
| Florida Development Finance Corp., Tampa General Hospital Project, Rev., 5.25%, 08/01/2055 (e) |
|
|
4,750 |
|
|
|
5,065 |
|
| Florida Development Finance Corp., UF Health Jacksonville Project, Rev., 5.00%, 02/01/2035 |
|
|
1,200 |
|
|
|
1,247 |
|
| Florida Development Finance Corp., Waste Pro USA, Inc., Rev., AMT, 5.00%, 05/01/2029 (e) |
|
|
2,500 |
|
|
|
2,553 |
|
| Florida Housing Finance Corp., |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 01/01/2055 |
|
|
2,960 |
|
|
|
3,317 |
|
| Series 2, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2052 |
|
|
475 |
|
|
|
468 |
|
| Series 3, Rev., GNMA/FNMA/FHLMC COLL, 5.75%, 01/01/2054 |
|
|
645 |
|
|
|
712 |
|
| Florida Housing Finance Corp., Social Bond, Social Bond, Series 1, Rev., GNMA/FNMA/FHLMC, 3.00%, 01/01/2052 |
|
|
1,065 |
|
|
|
1,052 |
|
| Florida Housing Finance Corp., Social Bonds, |
|
|
|
|
|
|
|
|
| Series 1, Rev., GNMA/FNMA/FHLMC, 3.50%, 07/01/2052 |
|
|
895 |
|
|
|
895 |
|
| Series 2, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2051 |
|
|
4,685 |
|
|
|
4,632 |
|
| Florida State Board of Governors Florida International University Dormitory Rev, Series A, Rev., BAM, 5.00%, 07/01/2029 |
|
|
1,900 |
|
|
|
2,100 |
|
| Florida State Board of Governors University of North Florida Dormitory Revenue, Series A, Rev., BAM, 5.00%, 11/01/2053 |
|
|
6,375 |
|
|
|
6,929 |
|
| Fort Pierce Utilities Authority, Series A, Rev., AGM, 5.00%, 10/01/2039 |
|
|
925 |
|
|
|
1,022 |
|
| Greater Orlando Aviation Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 10/01/2026 (p) |
|
|
1,785 |
|
|
|
1,814 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2027 (p) |
|
|
1,875 |
|
|
|
1,906 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2030 (p) |
|
|
1,005 |
|
|
|
1,021 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2032 |
|
|
1,500 |
|
|
|
1,609 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2046 (p) |
|
|
5,000 |
|
|
|
5,204 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2049 |
|
|
8,880 |
|
|
|
9,184 |
|
| Greater Orlando Aviation Authority, Priority Subordinated, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 10/01/2033 |
|
|
1,500 |
|
|
|
1,562 |
|
| Series A, Rev., AMT, 5.00%, 10/01/2036 |
|
|
2,230 |
|
|
|
2,313 |
|
| Hammock Reserve Community Development District, Assessment Area One Project, Special Assessment, 4.00%, 05/01/2040 |
|
|
545 |
|
|
|
521 |
|
| Highlands County Health Facilities Authority, Adventist Health System/Sunbelt Obligated Group, Series A, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
17,000 |
|
|
|
17,000 |
|
| Hillsborough County Aviation Authority, Tampa, Rev., AMT, 5.00%, 10/01/2040 (p) |
|
|
750 |
|
|
|
750 |
|
| Hillsborough County Industrial Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.13%, 11/15/2051 |
|
|
6,965 |
|
|
|
6,841 |
|
| Rev., 5.00%, 11/15/2029 |
|
|
1,270 |
|
|
|
1,420 |
|
| Rev., 5.25%, 11/15/2049 |
|
|
1,500 |
|
|
|
1,686 |
|
| Hillsborough County Industrial Development Authority, Tampa General Hospital Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/01/2050 |
|
|
5,000 |
|
|
|
4,659 |
|
| Series A, Rev., 4.00%, 08/01/2045 |
|
|
3,275 |
|
|
|
3,138 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| Hobe-St Lucie Conservancy District, Special Assessment, 5.88%, 05/01/2055 |
|
|
1,000 |
|
|
|
1,044 |
|
| JEA Electric System Revenue, |
|
|
|
|
|
|
|
|
| Rev., AGC, 5.00%, 10/01/2033 (w) |
|
|
1,000 |
|
|
|
1,164 |
|
| Series 3A, Rev., 5.00%, 10/01/2035 |
|
|
5,000 |
|
|
|
5,532 |
|
| Series IIIB, Rev., 5.00%, 10/01/2032 |
|
|
1,295 |
|
|
|
1,365 |
|
| JEA Electric System Revenue, Subordinate, Series A, Rev., 5.00%, 10/01/2031 |
|
|
1,795 |
|
|
|
2,050 |
|
| JEA Water & Sewer System Revenue, Series A, Rev., 4.00%, 10/01/2037 |
|
|
750 |
|
|
|
786 |
|
| Julington Creek Plantation Community Development District, Special Assessment, Special Assessment, AGM, 5.50%, 05/01/2043 |
|
|
1,500 |
|
|
|
1,680 |
|
| Lake Hideaway Community Development District, Assessment Area One, Special Assessment, 5.65%, 05/01/2044 |
|
|
1,000 |
|
|
|
1,019 |
|
| Lakewood Ranch Stewardship District, Special Assessment, 5.30%, 05/01/2044 |
|
|
485 |
|
|
|
497 |
|
| Lakewood Ranch Stewardship District, Del Webb Project, Special Assessment, 5.00%, 05/01/2037 (e) |
|
|
1,655 |
|
|
|
1,685 |
|
| Lakewood Ranch Stewardship District, Lorraine Lakes Project, |
|
|
|
|
|
|
|
|
| Special Assessment, 3.13%, 05/01/2030 (e) |
|
|
315 |
|
|
|
301 |
|
| Special Assessment, 3.88%, 05/01/2051 (e) |
|
|
2,000 |
|
|
|
1,762 |
|
| Lakewood Ranch Stewardship District, Northeast Sector Project, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.50%, 05/01/2025 (e) |
|
|
295 |
|
|
|
293 |
|
| Special Assessment, 3.20%, 05/01/2030 (e) |
|
|
545 |
|
|
|
522 |
|
| Special Assessment, 3.50%, 05/01/2040 |
|
|
925 |
|
|
|
813 |
|
| Lakewood Ranch Stewardship District, Zario Project, Special Assessment, 2.63%, 05/01/2025 |
|
|
145 |
|
|
|
144 |
|
| Lee County Industrial Development Authority, Shell Point/Waterside Health, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/15/2044 |
|
|
3,000 |
|
|
|
3,127 |
|
| Rev., 5.00%, 11/15/2049 |
|
|
2,550 |
|
|
|
2,638 |
|
| Lee County Industrial Development Authority/FL, |
|
|
|
|
|
|
|
|
| Rev., 4.13%, 11/15/2029 |
|
|
1,000 |
|
|
|
1,007 |
|
| Rev., 5.25%, 11/15/2054 |
|
|
2,000 |
|
|
|
2,148 |
|
| Lee Memorial Health System, Series A1, Rev., 4.00%, 04/01/2037 |
|
|
3,000 |
|
|
|
3,043 |
|
| Miami Beach Health Facilities Authority, Mount Sinai Medical Center, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/15/2039 |
|
|
2,000 |
|
|
|
2,002 |
|
| Rev., 5.00%, 11/15/2044 |
|
|
5,000 |
|
|
|
5,004 |
|
| Miami Beach Redevelopment Agency, Tax, Increment Revenue, Tax Allocation, 5.00%, 02/01/2028 |
|
|
1,000 |
|
|
|
1,004 |
|
| Miami-Dade County Health Facilities Authority, Rev., AGM-CR, 4.00%, 08/01/2046 |
|
|
1,790 |
|
|
|
1,754 |
|
| Miami-Dade County Housing Finance Authority, Cutler Vista, Rev., 5.00%, 03/01/2027 (z) |
|
|
2,445 |
|
|
|
2,484 |
|
| Miami-Dade County Housing Finance Authority, Doral Academy, Inc., Rev., 5.00%, 01/15/2048 |
|
|
1,570 |
|
|
|
1,584 |
|
| Midtown Miami Community Development District, Series A, Special Assessment, 5.00%, 05/01/2037 |
|
|
350 |
|
|
|
350 |
|
| Mirada Community Development District, Assessment Area Five, Special Assessment, 5.00%, 05/01/2034 |
|
|
1,620 |
|
|
|
1,658 |
|
| North Loop Community Development District, Special Assessment, 6.38%, 05/01/2043 |
|
|
1,000 |
|
|
|
1,092 |
|
| North Powerline Road Community Development District, Special Assessment, 3.63%, 05/01/2040 |
|
|
1,345 |
|
|
|
1,184 |
|
| Old Hickory Community Development District, Special Assessment, 2.50%, 06/15/2025 |
|
|
55 |
|
|
|
55 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| Orange County Health Facilities Authority, Orlando Health Obligated Group, Rev., 4.00%, 10/01/2052 |
|
|
5,000 |
|
|
|
4,791 |
|
| Orange County Health Facilities Authority, Presbyterian Retirement Communities, Rev., 4.00%, 08/01/2036 |
|
|
295 |
|
|
|
303 |
|
| Orlando Utilities Commission, |
|
|
|
|
|
|
|
|
| Series 2018A, Rev., 5.00%, 10/01/2035 |
|
|
2,480 |
|
|
|
2,631 |
|
| Series A, Rev., 5.00%, 10/01/2027 |
|
|
500 |
|
|
|
537 |
|
| Palm Beach County Health Facilities Authority, BRRH Corporation Obligated Group, Rev., 5.00%, 12/01/2024 (p) |
|
|
1,910 |
|
|
|
1,914 |
|
| Palm Beach County Health Facilities Authority, Retirement Life Communities, Rev., 5.00%, 11/15/2032 |
|
|
2,270 |
|
|
|
2,339 |
|
| Palm Coast Park Community Development District, Sawmill Branch at Palm Coast Park Homeowners Association, Inc., Special Assessment, 5.13%, 05/01/2051 |
|
|
1,500 |
|
|
|
1,519 |
|
| Parkview at Long Lake Ranch Community Development District, Special Assessment, 4.00%, 05/01/2051 |
|
|
800 |
|
|
|
690 |
|
| Parrish Lakes Community Development District, Special Assessment, 5.00%, 05/01/2031 |
|
|
580 |
|
|
|
584 |
|
| Pasco County School Board, Series A, COP, BAM, 5.00%, 08/01/2036 |
|
|
1,720 |
|
|
|
1,843 |
|
| Pine Island Community Development District, Special Assessment, 5.75%, 05/01/2035 |
|
|
3,700 |
|
|
|
3,718 |
|
| Reunion East Community Development District, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.40%, 05/01/2026 (e) |
|
|
50 |
|
|
|
49 |
|
| Special Assessment, 2.85%, 05/01/2031 |
|
|
25 |
|
|
|
23 |
|
| Saddle Creek Preserve of Polk County Community Development District, Special Assessment, 4.00%, 06/15/2040 |
|
|
500 |
|
|
|
488 |
|
| Sarasota County Health Facilities Authority, Sunnyside Village Project, Rev., 5.00%, 05/15/2048 |
|
|
425 |
|
|
|
427 |
|
| Sarasota County Public Hospital District, Sarasota Memorial Hospital Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2052 |
|
|
6,000 |
|
|
|
5,727 |
|
| Rev., 5.00%, 07/01/2052 |
|
|
1,175 |
|
|
|
1,254 |
|
| Sarasota County School Board, Series A, COP, 5.00%, 07/01/2033 |
|
|
1,000 |
|
|
|
1,169 |
|
| Sarasota National Community Development District, Special Assessment, 4.00%, 05/01/2039 |
|
|
615 |
|
|
|
620 |
|
| Sawyers Landing Community Development District, Special Assessment, 3.75%, 05/01/2031 |
|
|
400 |
|
|
|
385 |
|
| School District of Broward County, Series A, COP, 5.00%, 07/01/2027 |
|
|
1,500 |
|
|
|
1,600 |
|
| Somerset Community Development District, Special Assessment, 4.00%, 05/01/2032 |
|
|
845 |
|
|
|
831 |
|
| South Broward Hospital District, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/01/2048 |
|
|
6,500 |
|
|
|
6,293 |
|
| Series A, Rev., 4.00%, 05/01/2044 |
|
|
4,000 |
|
|
|
3,903 |
|
| South Kendall Community Development District, Special Assessment, 4.25%, 11/01/2037 |
|
|
1,575 |
|
|
|
1,578 |
|
| St. John’s County School Board, |
|
|
|
|
|
|
|
|
| Series A, COP, AGM, 5.25%, 07/01/2046 |
|
|
1,500 |
|
|
|
1,678 |
|
| Series A, COP, AGM, 5.25%, 07/01/2047 |
|
|
3,000 |
|
|
|
3,331 |
|
| State Board of Administration Finance Corp., Taxable, Series A, Rev., 1.71%, 07/01/2027 |
|
|
4,000 |
|
|
|
3,741 |
|
| State of Florida Department of Transportation Turnpike System Revenue, Series C, Rev., 3.00%, 07/01/2046 |
|
|
1,650 |
|
|
|
1,390 |
|
| State of Florida Department of Transportation Turnpike System Revenue, Department Of Transportation, Rev., 4.00%, 07/01/2041 |
|
|
1,000 |
|
|
|
1,027 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| State of Florida Department of Transportation Turnpike System Revenue, Turnpike Revenue, Series B, Rev., 3.00%, 07/01/2033 |
|
|
2,390 |
|
|
|
2,366 |
|
| State of Florida Department of Transportation Turnpike System, Revenue Refunding, Series A, Rev., 5.00%, 07/01/2026 |
|
|
1,000 |
|
|
|
1,044 |
|
| State of Florida, Capital Outlay, Series C, GO, 5.00%, 06/01/2027 |
|
|
1,060 |
|
|
|
1,101 |
|
| State of Florida, Department of Transportation, Turnpike System Revenue, Series A, Rev., 5.00%, 07/01/2029 |
|
|
500 |
|
|
|
557 |
|
| Stellar North Community Development District, Special Assessment, 4.00%, 05/01/2052 |
|
|
1,560 |
|
|
|
1,331 |
|
| Stillwater Community Development District, Project 2021, Special Assessment, 3.00%, 06/15/2031 (e) |
|
|
225 |
|
|
|
209 |
|
| Stonegate Preserve Community Development District, 2023 Project Area, Special Assessment, 5.88%, 12/15/2043 |
|
|
1,000 |
|
|
|
1,065 |
|
| Stoneybrook South Community Development District, Fox South Assessment Area, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.50%, 12/15/2025 (e) |
|
|
280 |
|
|
|
276 |
|
| Special Assessment, 3.00%, 12/15/2030 (e) |
|
|
475 |
|
|
|
462 |
|
| Special Assessment, 3.50%, 12/15/2040 (e) |
|
|
1,030 |
|
|
|
965 |
|
| Storey Park Community Development District, Assessment Area Four Project, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.38%, 06/15/2026 (e) |
|
|
20 |
|
|
|
19 |
|
| Special Assessment, 2.88%, 06/15/2031 (e) |
|
|
60 |
|
|
|
58 |
|
| Summit View Community Development District, Assessment Area Two, Special Assessment, 5.63%, 05/01/2044 |
|
|
1,025 |
|
|
|
1,048 |
|
| Tampa Bay Water, Rev., 5.25%, 10/01/2054 (w) |
|
|
14,500 |
|
|
|
16,261 |
|
| Touchstone Community Development District, Senior Lien, Series A1, Special Assessment, 5.38%, 05/01/2042 |
|
|
1,000 |
|
|
|
1,052 |
|
| Towne Park Community Development District, Assessment Area 3D Project, Special Assessment, 2.63%, 05/01/2025 (e) |
|
|
130 |
|
|
|
129 |
|
| Tradition Community Development District No. 9, Special Assessment, 3.00%, 05/01/2041 |
|
|
130 |
|
|
|
103 |
|
| Turtle Run Community Development District, Special Assessment, Series 2, Special Assessment, 5.00%, 05/01/2047 |
|
|
1,500 |
|
|
|
1,513 |
|
| Two Rivers West Community Development District, Special Assessment, 5.63%, 05/01/2044 (e) |
|
|
580 |
|
|
|
592 |
|
| Village Community Development District No. 13, |
|
|
|
|
|
|
|
|
| Special Assessment, 1.88%, 05/01/2025 (e) |
|
|
245 |
|
|
|
243 |
|
| Special Assessment, 2.63%, 05/01/2030 (e) |
|
|
1,455 |
|
|
|
1,377 |
|
| Village Community Development District No. 15, |
|
|
|
|
|
|
|
|
| Special Assessment, 4.00%, 05/01/2034 (e) (w) |
|
|
120 |
|
|
|
122 |
|
| Special Assessment, 4.20%, 05/01/2039 (e) (w) |
|
|
500 |
|
|
|
506 |
|
| Villamar Community Development District, Special Assessment, 3.75%, 05/01/2040 |
|
|
655 |
|
|
|
618 |
|
| Volusia County Educational Facility Authority, Educational Facilities Embry Riddle, Rev., 5.00%, 10/15/2029 |
|
|
1,000 |
|
|
|
1,058 |
|
| West Hillcrest Community Development District, Series 2023, Special Assessment, 5.50%, 06/15/2053 |
|
|
1,250 |
|
|
|
1,303 |
|
| West Villages Improvement District, Special Assessment, Unit Of Development #8, Special Assessment, 5.38%, 05/01/2042 |
|
|
1,875 |
|
|
|
1,966 |
|
| Wildwood Utility Dependent District, Senior South Sumter Utilities Project, |
|
|
|
|
|
|
|
|
| Rev., BAM, 5.00%, 10/01/2031 |
|
|
1,300 |
|
|
|
1,464 |
|
| Rev., BAM, 5.00%, 10/01/2033 |
|
|
1,150 |
|
|
|
1,290 |
|
| Rev., BAM, 5.00%, 10/01/2039 |
|
|
1,490 |
|
|
|
1,636 |
|
| Rev., BAM, 5.00%, 10/01/2040 |
|
|
1,610 |
|
|
|
1,754 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Florida — continued |
|
|
|
|
|
|
|
|
| Wildwood Utility Dependent District, Senior South Sumter Utility Project, Rev., BAM, 5.00%, 10/01/2052 |
|
|
1,640 |
|
|
|
1,737 |
|
| Wildwood Utility Dependent District, Subordinate South Sumter Utilities Project, Rev., BAM, 5.00%, 10/01/2041 |
|
|
650 |
|
|
|
705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
576,526 |
|
|
|
|
|
|
|
|
|
|
| Georgia — 3.5% |
|
|
|
|
|
|
|
|
| Bartow County Development Authority, Georgia Power Co. Pollution Bowen Project, Rev., 1.80%, 09/01/2029 (z) |
|
|
4,425 |
|
|
|
3,900 |
|
| Board of Water Light & Sinking Fund Commissioners of The City of Dalton, Combined Utilities Revenue Bonds, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 03/01/2035 |
|
|
1,100 |
|
|
|
1,119 |
|
| Rev., 4.00%, 03/01/2036 |
|
|
1,000 |
|
|
|
1,015 |
|
| Rev., 4.00%, 03/01/2037 |
|
|
1,135 |
|
|
|
1,152 |
|
| Rev., 4.00%, 03/01/2038 |
|
|
1,000 |
|
|
|
1,017 |
|
| Brookhaven Development Authority, Children’s Healthcare of Atlanta, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2036 |
|
|
2,425 |
|
|
|
2,631 |
|
| Rev., 5.00%, 07/01/2037 |
|
|
2,400 |
|
|
|
2,595 |
|
| Series A, Rev., 4.00%, 07/01/2044 |
|
|
3,000 |
|
|
|
3,016 |
|
| Brookhaven Urban Redevelopment Agency, Series A, Rev., 4.00%, 07/01/2045 |
|
|
3,260 |
|
|
|
3,317 |
|
| City of Atlanta Airport Passenger Facility Charge, Airport Revenue Subordinated, Rev., AMT, 4.00%, 07/01/2038 |
|
|
2,825 |
|
|
|
2,838 |
|
| City of Atlanta Department of Aviation, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 07/01/2028 |
|
|
3,300 |
|
|
|
3,514 |
|
| Series C, Rev., AMT, 5.00%, 07/01/2026 |
|
|
960 |
|
|
|
994 |
|
| Series C, Rev., AMT, 5.00%, 07/01/2034 |
|
|
540 |
|
|
|
590 |
|
| Series C, Rev., AMT, 5.00%, 07/01/2048 |
|
|
1,000 |
|
|
|
1,063 |
|
| Series G, Rev., AMT, 5.00%, 07/01/2025 |
|
|
750 |
|
|
|
760 |
|
| Series G, Rev., AMT, 5.00%, 07/01/2028 |
|
|
2,500 |
|
|
|
2,662 |
|
| City of Atlanta GA Department of Aviation, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.25%, 07/01/2041 |
|
|
1,775 |
|
|
|
1,994 |
|
| Rev., AMT, 5.25%, 07/01/2043 |
|
|
1,500 |
|
|
|
1,674 |
|
| City of Atlanta Water & Wastewater Revenue, Series B, Rev., 4.00%, 11/01/2037 |
|
|
1,000 |
|
|
|
1,023 |
|
| City of Atlanta, Airport Passenger Facility, Subordinated Lien, Series C, Rev., 5.00%, 07/01/2040 |
|
|
2,000 |
|
|
|
2,149 |
|
| City of Atlanta, Department of Aviation, Airport Revenue, Series B, Rev., AMT, 5.00%, 07/01/2031 |
|
|
1,155 |
|
|
|
1,239 |
|
| Cobb County Hospital Authority, Rev., VRDO, LOC: Truist Bank, 3.18%, 10/07/2024 (z) |
|
|
8,000 |
|
|
|
8,000 |
|
| Cobb County Kennestone Hospital Authority, Revenue Anticipation Certificates, Rev., 5.00%, 04/01/2036 |
|
|
500 |
|
|
|
520 |
|
| Cobb County Kennestone Hospital Authority, Wellstar Health System, Inc., Rev., 3.00%, 04/01/2037 |
|
|
700 |
|
|
|
643 |
|
| Columbia County Hospital Authority, Anticipation Certificate Wellstar, Rev., 5.13%, 04/01/2053 |
|
|
3,625 |
|
|
|
3,923 |
|
| DeKalb County Housing Authority, Kensington Station Project, Series A, Rev., 4.00%, 12/01/2033 |
|
|
10,000 |
|
|
|
10,143 |
|
| Development Authority for Fulton County, Jonesboro Road Senior Village, Rev., 3.00%, 10/01/2025 (z) |
|
|
2,020 |
|
|
|
2,020 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Georgia — continued |
|
|
|
|
|
|
|
|
| Development Authority of Burke County (The), Rev., 3.30%, 12/01/2049 (z) |
|
|
515 |
|
|
|
523 |
|
| Development Authority of Burke County, Georgia Power Co. Plant Vogtle Project, Rev., 3.38%, 11/01/2053 (z) |
|
|
1,000 |
|
|
|
1,011 |
|
| Development Authority of Burke County (The), Oglethorpe Power Corp. Scherer Project, Series A, Rev., 1.50%, 01/01/2040 (z) |
|
|
250 |
|
|
|
247 |
|
| Development Authority of Cobb County, The Northwest Classical Academy Project, Rev., 5.70%, 06/15/2038 (e) |
|
|
605 |
|
|
|
626 |
|
| Development Authority of Monroe County (The), Oglethorpe Power Corporation Scherer Project, Series A, Rev., 1.50%, 01/01/2039 (z) |
|
|
125 |
|
|
|
123 |
|
| Development Authority of Monroe County, Georgia Power Company Plant Scherer, Rev., 3.88%, 06/01/2042 (z) |
|
|
1,250 |
|
|
|
1,267 |
|
| Development Authority of Monroe County (The), Georgia Power Co. Plant Scherer, Rev., 1.00%, 07/01/2049 (z) |
|
|
1,785 |
|
|
|
1,674 |
|
| Development Authority of Rockdale County, Arbours at Conyers Project, Rev., 3.63%, 02/01/2026 (z) |
|
|
1,085 |
|
|
|
1,083 |
|
| Fayette County Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/01/2036 |
|
|
900 |
|
|
|
1,006 |
|
| Rev., 5.00%, 10/01/2037 |
|
|
925 |
|
|
|
1,030 |
|
| Rev., 5.00%, 10/01/2041 |
|
|
950 |
|
|
|
1,034 |
|
| Rev., 5.00%, 10/01/2043 |
|
|
1,400 |
|
|
|
1,510 |
|
| Rev., 5.00%, 10/01/2044 |
|
|
1,250 |
|
|
|
1,344 |
|
| Gainesville & Hall County Hospital Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/15/2030 |
|
|
3,500 |
|
|
|
3,892 |
|
| Rev., 5.00%, 10/15/2034 |
|
|
7,545 |
|
|
|
8,694 |
|
| George L Smith II Congress Center Authority, Convention Center Hotel, Series 2, Rev., 5.00%, 01/01/2054 (e) |
|
|
1,000 |
|
|
|
965 |
|
| George L Smith II Congress Center Authority, Convention Center Hotel First, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 01/01/2054 |
|
|
3,850 |
|
|
|
3,505 |
|
| Series 1, Rev., 4.00%, 01/01/2036 |
|
|
2,750 |
|
|
|
2,777 |
|
| Georgia Housing & Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.70%, 12/01/2054 |
|
|
15,000 |
|
|
|
15,282 |
|
| Series A, Rev., 2.75%, 12/01/2035 |
|
|
500 |
|
|
|
442 |
|
| Georgia Ports Authority, Rev., 5.25%, 07/01/2043 |
|
|
2,705 |
|
|
|
3,061 |
|
| Georgia State Road & Tollway Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2027 |
|
|
5,250 |
|
|
|
5,604 |
|
| Rev., 5.00%, 06/01/2028 |
|
|
5,500 |
|
|
|
6,005 |
|
| Rev., 5.00%, 06/01/2030 |
|
|
6,205 |
|
|
|
7,020 |
|
| Main Street Natural Gas, Inc., |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2054 (z) |
|
|
1,730 |
|
|
|
1,867 |
|
| Series A, Rev., 4.00%, 07/01/2052 (z) |
|
|
14,500 |
|
|
|
14,678 |
|
| Series A, Rev., 5.00%, 05/15/2033 |
|
|
4,950 |
|
|
|
5,189 |
|
| Series A, Rev., 5.00%, 05/15/2043 |
|
|
8,000 |
|
|
|
8,303 |
|
| Series A, Rev., 5.00%, 06/01/2053 (z) |
|
|
15,000 |
|
|
|
16,016 |
|
| Series A, Rev., 5.00%, 05/01/2054 (z) |
|
|
15,925 |
|
|
|
17,407 |
|
| Series A, Rev., 5.50%, 09/15/2028 |
|
|
1,000 |
|
|
|
1,079 |
|
| Series B, Rev., 5.00%, 06/01/2028 |
|
|
2,500 |
|
|
|
2,650 |
|
| Series B, Rev., 5.00%, 06/01/2029 |
|
|
1,500 |
|
|
|
1,607 |
|
| Series B, Rev., 5.00%, 12/01/2052 (z) |
|
|
5,000 |
|
|
|
5,289 |
|
| Series B, Rev., 5.00%, 07/01/2053 (z) |
|
|
8,020 |
|
|
|
8,682 |
|
| Series B, Rev., 5.00%, 12/01/2054 (z) |
|
|
11,185 |
|
|
|
12,265 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Georgia — continued |
|
|
|
|
|
|
|
|
| Series C, Rev., 4.00%, 03/01/2050 (z) |
|
|
6,350 |
|
|
|
6,408 |
|
| Series C, Rev., 4.00%, 05/01/2052 (z) |
|
|
15,310 |
|
|
|
15,573 |
|
| Series C, Rev., 5.00%, 09/01/2053 (z) |
|
|
11,285 |
|
|
|
12,190 |
|
| Series D, Rev., 5.00%, 05/01/2054 (z) |
|
|
9,500 |
|
|
|
10,148 |
|
| Series E1, Rev., 5.00%, 12/01/2053 (z) |
|
|
3,000 |
|
|
|
3,267 |
|
| Main Street Natural Gas, Inc., Gas Supply, Series C, Rev., 4.00%, 08/01/2052 (e) (z) |
|
|
32,600 |
|
|
|
32,550 |
|
| Metropolitan Atlanta Rapid Transit Authority, Rev., 5.00%, 07/01/2036 |
|
|
8,500 |
|
|
|
10,030 |
|
| Milledgeville & Baldwin County Development Authority, Georgia College & State University Projects, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 06/15/2037 |
|
|
500 |
|
|
|
511 |
|
| Rev., 5.00%, 06/15/2025 |
|
|
360 |
|
|
|
365 |
|
| Municipal Electric Authority of Georgia, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2029 (w) |
|
|
1,000 |
|
|
|
1,093 |
|
| Rev., 5.00%, 01/01/2059 |
|
|
2,000 |
|
|
|
2,032 |
|
| Municipal Electric Authority of Georgia, Combined Cycle Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/01/2027 |
|
|
250 |
|
|
|
268 |
|
| Series A, Rev., 5.00%, 11/01/2029 |
|
|
250 |
|
|
|
277 |
|
| Municipal Electric Authority of Georgia, General Resolution Project, Series A, Rev., 4.00%, 01/01/2037 |
|
|
1,125 |
|
|
|
1,147 |
|
| Municipal Electric Authority of Georgia, Plant Vogtle Unis 3&4 Project, Rev., 5.00%, 01/01/2059 |
|
|
3,000 |
|
|
|
3,077 |
|
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3 and 4 Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, 5.00%, 07/01/2033 |
|
|
1,610 |
|
|
|
1,824 |
|
| Series A, Rev., AGM, 5.00%, 07/01/2035 |
|
|
1,300 |
|
|
|
1,464 |
|
| Series A, Rev., AGM, 5.00%, 07/01/2036 |
|
|
2,795 |
|
|
|
3,134 |
|
| Municipal Electric Authority of Georgia, Plant Vogtle Units 3&4 Project, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 01/01/2036 |
|
|
330 |
|
|
|
339 |
|
| Rev., AGM, 4.00%, 01/01/2041 |
|
|
1,000 |
|
|
|
1,010 |
|
| Rev., AGM, 5.00%, 01/01/2025 |
|
|
200 |
|
|
|
201 |
|
| Rev., AGM, 5.00%, 01/01/2027 |
|
|
125 |
|
|
|
132 |
|
| Rev., AGM, 5.00%, 07/01/2027 |
|
|
500 |
|
|
|
533 |
|
| Rev., 5.00%, 01/01/2039 |
|
|
1,310 |
|
|
|
1,360 |
|
| Rev., BAM, 5.00%, 01/01/2049 |
|
|
2,000 |
|
|
|
2,073 |
|
| Rev., AGM, 5.00%, 07/01/2053 |
|
|
3,675 |
|
|
|
3,948 |
|
| Rev., AGM, 5.00%, 07/01/2055 |
|
|
4,615 |
|
|
|
4,918 |
|
| Municipal Electric Authority of Georgia, Power Revenue, |
|
|
|
|
|
|
|
|
| Series HH, Rev., 5.00%, 01/01/2033 |
|
|
1,000 |
|
|
|
1,057 |
|
| Series HH, Rev., 5.00%, 01/01/2034 |
|
|
1,000 |
|
|
|
1,055 |
|
| Municipal Electric Authority of Georgia, Project One Subordinated, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2029 |
|
|
1,110 |
|
|
|
1,214 |
|
| Rev., 5.00%, 01/01/2037 |
|
|
1,250 |
|
|
|
1,372 |
|
| Series A, Rev., 5.00%, 01/01/2035 |
|
|
2,245 |
|
|
|
2,254 |
|
| Municipal Electric Authority of Georgia, Project One, Subordinated, Series B, Rev., 4.00%, 01/01/2039 |
|
|
1,400 |
|
|
|
1,413 |
|
| Municipal Electric Authority of Georgia, Subordinate General Resolution, Rev., 5.00%, 01/01/2033 |
|
|
1,010 |
|
|
|
1,139 |
|
| Municipal Electric Authority of Georgia, Subordinate Project One, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 01/01/2030 |
|
|
705 |
|
|
|
783 |
|
| Series A, Rev., 5.00%, 01/01/2031 |
|
|
1,715 |
|
|
|
1,924 |
|
| Paulding County Hospital Authority, Anticipation Certificates Wellstar Health, |
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Georgia — continued |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/01/2036 |
|
|
325 |
|
|
|
364 |
|
| Rev., 5.00%, 04/01/2038 |
|
|
500 |
|
|
|
555 |
|
| Private Colleges & Universities Authority, Emory University, |
|
|
|
|
|
|
|
|
| Series B, Rev., 4.00%, 10/01/2038 |
|
|
13,500 |
|
|
|
13,589 |
|
| Series B, Rev., 4.00%, 09/01/2039 |
|
|
1,420 |
|
|
|
1,463 |
|
| Private Colleges & Universities Authority, Savannah College of Art And Design, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 04/01/2038 |
|
|
1,400 |
|
|
|
1,435 |
|
| Rev., 5.00%, 04/01/2027 |
|
|
400 |
|
|
|
422 |
|
| State of Georgia, Series E, GO, 5.00%, 12/01/2027 |
|
|
1,570 |
|
|
|
1,656 |
|
| State of Georgia, Bidding Group 1, Series A, GO, 5.00%, 07/01/2033 |
|
|
2,000 |
|
|
|
2,299 |
|
| State of Georgia, Bidding Group 2, Series A, GO, 4.00%, 07/01/2035 |
|
|
750 |
|
|
|
808 |
|
| State of Georgia, Tranche 2, Series A, GO, 5.00%, 07/01/2030 |
|
|
2,000 |
|
|
|
2,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
387,169 |
|
|
|
|
|
|
|
|
|
|
| Guam — 0.0% (g) |
|
|
|
|
|
|
|
|
| Antonio B Won Pat International Airport Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 10/01/2031 (w) |
|
|
250 |
|
|
|
268 |
|
| Rev., AMT, 5.25%, 10/01/2035 (w) |
|
|
250 |
|
|
|
275 |
|
| Antonio B. Won Pat International Airport Authority, Rev., AMT, 5.25%, 10/01/2030 |
|
|
750 |
|
|
|
812 |
|
| Territory of Guam, Series F, Rev., 4.00%, 01/01/2042 |
|
|
1,000 |
|
|
|
987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,342 |
|
|
|
|
|
|
|
|
|
|
| Hawaii — 0.4% |
|
|
|
|
|
|
|
|
| City & County Honolulu HI Wastewater System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2032 (w) |
|
|
290 |
|
|
|
327 |
|
| Rev., 5.00%, 07/01/2036 (w) |
|
|
1,310 |
|
|
|
1,523 |
|
| Rev., 5.00%, 07/01/2041 |
|
|
2,945 |
|
|
|
3,366 |
|
| Rev., 5.25%, 07/01/2054 |
|
|
6,900 |
|
|
|
7,751 |
|
| City & County Honolulu Wastewater System Revenue, Green Bonds Senior Lien, Rev., 5.00%, 07/01/2040 |
|
|
540 |
|
|
|
611 |
|
| City & County Honolulu Wastewater System Revenue, Senior First Bond Resolution, Series A, Rev., 5.00%, 07/01/2035 |
|
|
2,110 |
|
|
|
2,245 |
|
| City & County of Honolulu, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 10/01/2025 |
|
|
15 |
|
|
|
15 |
|
| Series A, GO, 5.00%, 09/01/2027 |
|
|
30 |
|
|
|
32 |
|
| Series C, GO, 5.00%, 10/01/2028 |
|
|
1,450 |
|
|
|
1,594 |
|
| Series C, GO, 5.00%, 10/01/2029 |
|
|
1,000 |
|
|
|
1,122 |
|
| City & County of Honolulu, Rail Transit Project, |
|
|
|
|
|
|
|
|
| GO, 3.00%, 07/01/2032 |
|
|
430 |
|
|
|
427 |
|
| GO, 3.00%, 07/01/2035 |
|
|
1,000 |
|
|
|
977 |
|
| State of Hawaii, |
|
|
|
|
|
|
|
|
| Series FG, GO, 4.00%, 10/01/2032 |
|
|
2,000 |
|
|
|
2,036 |
|
| Series FG, GO, 4.00%, 10/01/2033 |
|
|
3,000 |
|
|
|
3,053 |
|
| State of Hawaii Airports System Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 07/01/2032 |
|
|
1,500 |
|
|
|
1,579 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2033 |
|
|
1,630 |
|
|
|
1,714 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2034 |
|
|
2,000 |
|
|
|
2,159 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Hawaii — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 07/01/2035 |
|
|
1,000 |
|
|
|
1,048 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2051 |
|
|
1,905 |
|
|
|
2,011 |
|
| Series B, Rev., 5.00%, 07/01/2026 |
|
|
1,250 |
|
|
|
1,302 |
|
| State of Hawaii Department of Budget & Finance, |
|
|
|
|
|
|
|
|
| Rev., 3.20%, 07/01/2039 |
|
|
3,000 |
|
|
|
2,528 |
|
| Rev., 5.00%, 07/01/2034 (e) |
|
|
1,350 |
|
|
|
1,398 |
|
| State of Hawaii Harbor System Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 4.00%, 07/01/2031 |
|
|
250 |
|
|
|
261 |
|
| Series A, Rev., AMT, 4.00%, 07/01/2032 |
|
|
500 |
|
|
|
519 |
|
| Series A, Rev., AMT, 4.00%, 07/01/2033 |
|
|
750 |
|
|
|
774 |
|
| Series A, Rev., AMT, 4.00%, 07/01/2034 |
|
|
3,555 |
|
|
|
3,649 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2027 |
|
|
250 |
|
|
|
263 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2028 |
|
|
500 |
|
|
|
534 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2029 |
|
|
250 |
|
|
|
271 |
|
| Series C, Rev., 4.00%, 07/01/2032 |
|
|
200 |
|
|
|
212 |
|
| State of Hawaii State Highway Fund, Rev., 5.00%, 01/01/2029 |
|
|
1,000 |
|
|
|
1,102 |
|
| State of Hawaii, Airports System Revenue, Series D, Rev., 5.00%, 07/01/2030 |
|
|
1,000 |
|
|
|
1,127 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47,530 |
|
|
|
|
|
|
|
|
|
|
| Idaho — 0.1% |
|
|
|
|
|
|
|
|
| Idaho Health Facilities Authority, Trinity Health Credit Group, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 12/01/2043 |
|
|
4,460 |
|
|
|
4,473 |
|
| Series A, Rev., 5.00%, 12/01/2047 |
|
|
1,715 |
|
|
|
1,762 |
|
| Idaho Housing & Finance Association, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 08/15/2029 |
|
|
1,000 |
|
|
|
1,118 |
|
| Series A, Rev., 5.00%, 08/15/2034 |
|
|
1,130 |
|
|
|
1,332 |
|
| Series A, Rev., GNMA/FNMA/FHLMC, 6.00%, 07/01/2054 |
|
|
3,750 |
|
|
|
4,213 |
|
| Idaho Housing & Finance Association, Garvee, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 07/15/2039 |
|
|
1,440 |
|
|
|
1,465 |
|
| Series A, Rev., 5.00%, 07/15/2030 |
|
|
1,250 |
|
|
|
1,409 |
|
| Idaho Housing & Finance Association, Transportation Expansion & Mitigation, Rev., 5.00%, 08/15/2037 |
|
|
165 |
|
|
|
188 |
|
| Spring Valley Community Infrastructure District No. 1, Assessment Area Two, Special Assessment, 6.25%, 09/01/2053 (e) |
|
|
1,120 |
|
|
|
1,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,156 |
|
|
|
|
|
|
|
|
|
|
| Illinois — 6.8% |
|
|
|
|
|
|
|
|
| Champaign County Community Unit School District No. 4 Champaign, GO, 5.00%, 01/01/2029 |
|
|
1,765 |
|
|
|
1,814 |
|
| Chicago Board of Education, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 12/01/2032 |
|
|
600 |
|
|
|
628 |
|
| Series A, GO, AGM, 5.00%, 12/01/2026 |
|
|
10 |
|
|
|
10 |
|
| Series A, GO, 5.00%, 12/01/2033 |
|
|
2,000 |
|
|
|
2,070 |
|
| Series A, GO, 5.00%, 12/01/2041 |
|
|
1,000 |
|
|
|
1,028 |
|
| Series A, GO, 5.00%, 12/01/2042 |
|
|
10,000 |
|
|
|
9,999 |
|
| Series A, GO, 5.25%, 12/01/2036 |
|
|
5,500 |
|
|
|
5,992 |
|
| Series D, GO, 5.00%, 12/01/2046 |
|
|
7,500 |
|
|
|
7,500 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| Chicago Board of Education Dedicated Capital Improvement Tax, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 04/01/2039 |
|
|
3,125 |
|
|
|
3,464 |
|
| Rev., 5.75%, 04/01/2048 |
|
|
4,000 |
|
|
|
4,459 |
|
| Chicago Board of Education, Capital Appreciation School Reform, |
|
|
|
|
|
|
|
|
| Series A, GO, NATL, Zero Coupon, 12/01/2024 |
|
|
500 |
|
|
|
497 |
|
| Series A, GO, NATL, Zero Coupon, 12/01/2025 |
|
|
255 |
|
|
|
245 |
|
| Series A, GO, NATL, Zero Coupon, 12/01/2029 |
|
|
1,220 |
|
|
|
1,000 |
|
| Series B1, GO, NATL, Zero Coupon, 12/01/2028 |
|
|
500 |
|
|
|
429 |
|
| Series B1, GO, NATL, Zero Coupon, 12/01/2029 |
|
|
1,105 |
|
|
|
905 |
|
| Chicago Board of Education, Dedicated, |
|
|
|
|
|
|
|
|
| Series C, GO, 5.00%, 12/01/2034 |
|
|
2,000 |
|
|
|
2,050 |
|
| Series G, GO, 5.00%, 12/01/2034 |
|
|
1,000 |
|
|
|
1,025 |
|
| Series H, GO, 5.00%, 12/01/2036 |
|
|
2,000 |
|
|
|
2,042 |
|
| Series H, GO, 5.00%, 12/01/2046 |
|
|
1,000 |
|
|
|
1,008 |
|
| Chicago Midway International Airport, Series B, Rev., 5.00%, 01/01/2046 |
|
|
10,000 |
|
|
|
10,098 |
|
| Chicago Midway International Airport, Senior, |
|
|
|
|
|
|
|
|
| Series C, Rev., AMT, 5.00%, 01/01/2028 |
|
|
2,825 |
|
|
|
2,977 |
|
| Series C, Rev., AMT, 5.00%, 01/01/2034 |
|
|
6,000 |
|
|
|
6,640 |
|
| Series C, Rev., AMT, 5.00%, 01/01/2040 |
|
|
2,610 |
|
|
|
2,798 |
|
| Chicago Midway International Airport, Senior Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., BAM, AMT, 5.00%, 01/01/2033 |
|
|
2,400 |
|
|
|
2,663 |
|
| Series A, Rev., AMT, 5.00%, 01/01/2034 |
|
|
1,660 |
|
|
|
1,837 |
|
| Chicago O’Hare International Airport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 01/01/2030 |
|
|
3,400 |
|
|
|
3,411 |
|
| Rev., AMT, 5.00%, 01/01/2031 |
|
|
8,500 |
|
|
|
8,525 |
|
| Rev., AMT, 5.00%, 01/01/2032 |
|
|
2,000 |
|
|
|
2,005 |
|
| Rev., 5.00%, 01/01/2052 |
|
|
4,030 |
|
|
|
4,109 |
|
| Rev., 5.25%, 01/01/2053 |
|
|
5,000 |
|
|
|
5,533 |
|
| Chicago O’Hare International Airport, General Senior Lien, Series B, Rev., 5.00%, 01/01/2053 |
|
|
4,895 |
|
|
|
5,096 |
|
| Chicago O’Hare International Airport, Passenger Facility Charge, Rev., AMT, 5.00%, 01/01/2032 |
|
|
3,500 |
|
|
|
3,501 |
|
| Chicago O’Hare International Airport, Senior Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 01/01/2035 |
|
|
3,500 |
|
|
|
3,603 |
|
| Series A, Rev., 5.00%, 01/01/2035 |
|
|
6,000 |
|
|
|
6,568 |
|
| Series A, Rev., AMT, 5.00%, 01/01/2039 |
|
|
2,000 |
|
|
|
2,083 |
|
| Series F, Rev., BAM, 4.25%, 01/01/2047 |
|
|
2,180 |
|
|
|
2,187 |
|
| Chicago O’Hare International Airport, Senior Lien Customer Facility, Rev., BAM, 5.25%, 01/01/2042 |
|
|
1,465 |
|
|
|
1,645 |
|
| Chicago O’Hare International Airport, Trips Obligated Group, Rev., AMT, 5.00%, 07/01/2048 |
|
|
3,000 |
|
|
|
3,041 |
|
| Chicago Transit Authority Capital Grant Receipts Revenue, Section 5357, Rev., 5.00%, 06/01/2028 |
|
|
1,000 |
|
|
|
1,070 |
|
| Chicago Transit Authority Sales Tax Receipts Fund, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2044 |
|
|
5,000 |
|
|
|
5,007 |
|
| Rev., AGM, 5.00%, 12/01/2044 |
|
|
6,000 |
|
|
|
6,009 |
|
| Rev., 5.00%, 12/01/2046 |
|
|
4,780 |
|
|
|
4,854 |
|
| Rev., 5.25%, 12/01/2049 |
|
|
13,000 |
|
|
|
13,017 |
|
| Series A, Rev., 5.00%, 12/01/2045 |
|
|
6,500 |
|
|
|
6,825 |
|
| Series A, Rev., BAM, 5.00%, 12/01/2046 |
|
|
4,500 |
|
|
|
4,812 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| Chicago Transit Authority Sales Tax Receipts Fund, Second Lien, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2051 |
|
|
4,750 |
|
|
|
4,784 |
|
| Series A, Rev., 4.00%, 12/01/2049 |
|
|
4,000 |
|
|
|
3,846 |
|
| Series A, Rev., 5.00%, 12/01/2052 |
|
|
5,000 |
|
|
|
5,307 |
|
| Series A, Rev., 5.00%, 12/01/2055 |
|
|
2,000 |
|
|
|
2,069 |
|
| City of Aurora Waterworks & Sewerage Revenue, Series B, Rev., 4.00%, 12/01/2034 |
|
|
1,565 |
|
|
|
1,565 |
|
| City of Berwyn, Series A, GO, 5.00%, 12/01/2029 |
|
|
1,000 |
|
|
|
1,012 |
|
| City of Chicago, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 01/01/2027 |
|
|
5,500 |
|
|
|
5,724 |
|
| Series A, GO, 5.00%, 01/01/2034 |
|
|
4,500 |
|
|
|
4,864 |
|
| Series A, GO, 5.50%, 01/01/2049 |
|
|
6,325 |
|
|
|
6,599 |
|
| Series A, GO, 6.00%, 01/01/2038 |
|
|
8,775 |
|
|
|
9,170 |
|
| Series B, GO, 4.00%, 01/01/2038 (e) |
|
|
521 |
|
|
|
516 |
|
| Series C, GO, Zero Coupon, 01/01/2027 (p) |
|
|
500 |
|
|
|
468 |
|
| Series C, GO, 5.00%, 01/01/2025 |
|
|
45 |
|
|
|
45 |
|
| Series C, GO, 5.00%, 01/01/2028 |
|
|
1,450 |
|
|
|
1,471 |
|
| City of Chicago IL Wastewater Transmission Revenue, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 01/01/2036 |
|
|
1,000 |
|
|
|
1,134 |
|
| Rev., BAM, 5.00%, 01/01/2041 |
|
|
1,000 |
|
|
|
1,127 |
|
| Rev., BAM, 5.00%, 01/01/2042 |
|
|
785 |
|
|
|
886 |
|
| Rev., BAM, 5.00%, 01/01/2043 |
|
|
1,125 |
|
|
|
1,264 |
|
| Rev., AGM, 5.25%, 01/01/2058 |
|
|
1,910 |
|
|
|
2,089 |
|
| City of Chicago IL Waterworks Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/01/2031 |
|
|
665 |
|
|
|
756 |
|
| Rev., AGM, 5.00%, 11/01/2037 |
|
|
1,000 |
|
|
|
1,121 |
|
| City of Chicago Special Assessment Revenue, Lakeshore East Project, |
|
|
|
|
|
|
|
|
| Special Assessment, 2.69%, 12/01/2026 (e) |
|
|
305 |
|
|
|
301 |
|
| Special Assessment, 3.04%, 12/01/2028 (e) |
|
|
270 |
|
|
|
265 |
|
| City of Chicago Wastewater Transmission Revenue, Second Lien, |
|
|
|
|
|
|
|
|
| Series B, Rev., AGM, 5.00%, 01/01/2037 |
|
|
1,050 |
|
|
|
1,186 |
|
| Series B, Rev., AGM, 5.00%, 01/01/2039 |
|
|
2,000 |
|
|
|
2,227 |
|
| Series C, Rev., 5.00%, 01/01/2034 |
|
|
2,430 |
|
|
|
2,439 |
|
| City of Chicago Wastewater Transmission Revenue, Second Lien Wastewater Transmission Revenue Bonds, Rev., BAM, 5.00%, 01/01/2044 |
|
|
1,500 |
|
|
|
1,683 |
|
| City of Chicago Waterworks Revenue, Second Lien, |
|
|
|
|
|
|
|
|
| Series 2017-2, Rev., AGM, 5.00%, 11/01/2038 |
|
|
3,500 |
|
|
|
3,649 |
|
| Series B, Rev., AGM, 5.00%, 11/01/2038 |
|
|
1,000 |
|
|
|
1,113 |
|
| Series B, Rev., AGM, 5.00%, 11/01/2039 |
|
|
1,000 |
|
|
|
1,112 |
|
| City of Chicago Waterworks Revenue, Second Lien Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2037 |
|
|
215 |
|
|
|
215 |
|
| Rev., 5.00%, 11/01/2044 |
|
|
5,410 |
|
|
|
5,430 |
|
| City of Chicago, Chicago Works, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.25%, 01/01/2038 |
|
|
2,680 |
|
|
|
2,934 |
|
| Series A, GO, 5.50%, 01/01/2039 |
|
|
1,180 |
|
|
|
1,302 |
|
| Series A, GO, 5.50%, 01/01/2040 |
|
|
1,000 |
|
|
|
1,098 |
|
| Series A, GO, 5.50%, 01/01/2041 |
|
|
1,000 |
|
|
|
1,071 |
|
| Series A, GO, 5.50%, 01/01/2043 |
|
|
1,500 |
|
|
|
1,598 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| City of Chicago, Wastewater Transmission Revenue, Second Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, 5.25%, 01/01/2048 |
|
|
5,000 |
|
|
|
5,475 |
|
| Series B, Rev., AGM-CR, 5.00%, 01/01/2027 |
|
|
1,000 |
|
|
|
1,053 |
|
| Series B, Rev., AGM, 5.00%, 01/01/2029 |
|
|
300 |
|
|
|
329 |
|
| Series B, Rev., AGM, 5.00%, 01/01/2038 |
|
|
1,940 |
|
|
|
2,180 |
|
| City of Chicago, Waterworks Revenue, Second Lien, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/01/2034 |
|
|
7,000 |
|
|
|
7,025 |
|
| Series A, Rev., AGM, 5.25%, 11/01/2048 |
|
|
1,500 |
|
|
|
1,661 |
|
| Series B, Rev., AGM, 4.00%, 11/01/2040 |
|
|
4,320 |
|
|
|
4,391 |
|
| Series B, Rev., AGM, 5.00%, 11/01/2028 |
|
|
300 |
|
|
|
328 |
|
| Series B, Rev., AGM, 5.00%, 11/01/2031 |
|
|
400 |
|
|
|
457 |
|
| Series B, Rev., AGM, 5.00%, 11/01/2033 |
|
|
2,350 |
|
|
|
2,653 |
|
| City of Granite City, Waste Management, Inc., Rev., AMT, 1.25%, 05/01/2027 |
|
|
5,000 |
|
|
|
4,587 |
|
| Cook County Community College District No. 508, City Colleges of Chicago, |
|
|
|
|
|
|
|
|
| GO, BAM, 5.00%, 12/01/2041 |
|
|
3,000 |
|
|
|
3,270 |
|
| GO, BAM, 5.00%, 12/01/2042 |
|
|
2,000 |
|
|
|
2,171 |
|
| Cook County Community Consolidated School District No. 34 Glenview, GO, 4.00%, 12/01/2029 |
|
|
2,000 |
|
|
|
2,143 |
|
| Cook County High School District No. 214 Arlington Heights, GO, 4.00%, 12/01/2026 |
|
|
1,910 |
|
|
|
1,973 |
|
| Cook County School District No. 87 Berkeley, GO, AGM, 3.00%, 12/01/2034 |
|
|
1,500 |
|
|
|
1,427 |
|
| Cook County, Community School District No. 97, Oak Park, GO, 4.00%, 01/01/2034 |
|
|
2,000 |
|
|
|
2,064 |
|
| County of Cook, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 11/15/2025 |
|
|
960 |
|
|
|
981 |
|
| Series A, GO, AGM, 5.00%, 11/15/2026 |
|
|
1,000 |
|
|
|
1,049 |
|
| Series A, GO, 5.00%, 11/15/2026 |
|
|
3,900 |
|
|
|
4,089 |
|
| Series A, GO, 5.00%, 11/15/2033 |
|
|
250 |
|
|
|
288 |
|
| County of Cook IL Sales Tax Revenue, Rev., 5.00%, 11/15/2031 |
|
|
2,000 |
|
|
|
2,280 |
|
| County of Cook Sales Tax Revenue, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2037 |
|
|
3,500 |
|
|
|
3,563 |
|
| Rev., 4.00%, 11/15/2038 |
|
|
1,545 |
|
|
|
1,561 |
|
| Series A, Rev., 4.00%, 11/15/2039 |
|
|
2,000 |
|
|
|
2,019 |
|
| Series A, Rev., 4.00%, 11/15/2040 |
|
|
5,250 |
|
|
|
5,286 |
|
| Series A, Rev., 5.00%, 11/15/2025 |
|
|
690 |
|
|
|
707 |
|
| Series A, Rev., 5.25%, 11/15/2045 |
|
|
2,500 |
|
|
|
2,780 |
|
| County of Cook, Sales Tax Revenue, Series A, Rev., 5.00%, 11/15/2038 |
|
|
1,240 |
|
|
|
1,359 |
|
| County of Will, GO, 4.00%, 11/15/2047 |
|
|
7,000 |
|
|
|
6,842 |
|
| Illinois Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/01/2036 |
|
|
3,000 |
|
|
|
3,512 |
|
| Rev., 5.25%, 04/01/2038 |
|
|
3,250 |
|
|
|
3,839 |
|
| Rev., 5.25%, 04/01/2040 |
|
|
1,660 |
|
|
|
1,832 |
|
| Rev., 5.25%, 04/01/2043 |
|
|
1,200 |
|
|
|
1,301 |
|
| Series A, Rev., 4.00%, 07/15/2036 |
|
|
710 |
|
|
|
736 |
|
| Series A, Rev., 4.00%, 07/15/2039 |
|
|
3,000 |
|
|
|
3,066 |
|
| Series B2, Rev., 5.00%, 05/15/2050 (z) |
|
|
4,800 |
|
|
|
4,944 |
|
| Illinois Finance Authority, Acero Charter Schools, Inc., Rev., 4.00%, 10/01/2042 (e) |
|
|
500 |
|
|
|
454 |
|
| Illinois Finance Authority, Advocate Health Care Network Project, Rev., 4.00%, 11/01/2030 |
|
|
2,165 |
|
|
|
2,190 |
|
| Illinois Finance Authority, Ann & Robert H. Lurie Child, Rev., 4.00%, 08/15/2037 |
|
|
500 |
|
|
|
502 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| Illinois Finance Authority, Ann & Robert H. Lurie Children’s Hospital of Chicago, Rev., 5.00%, 08/15/2035 |
|
|
1,610 |
|
|
|
1,678 |
|
| Illinois Finance Authority, Carle Foundation, Series A, Rev., 5.00%, 02/15/2045 |
|
|
20,275 |
|
|
|
20,507 |
|
| Illinois Finance Authority, Depaul College Prep Foundation, Rev., 5.50%, 08/01/2043 (e) |
|
|
1,360 |
|
|
|
1,489 |
|
| Illinois Finance Authority, Green Bond, Rev., 4.00%, 07/01/2038 |
|
|
4,160 |
|
|
|
4,307 |
|
| Illinois Finance Authority, Green Bonds, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 01/01/2033 |
|
|
8,190 |
|
|
|
8,710 |
|
| Rev., 4.00%, 07/01/2040 |
|
|
1,500 |
|
|
|
1,551 |
|
| Illinois Finance Authority, Health Services Facility Lease Revenue, Provident Group UIC Surgery, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 10/01/2040 |
|
|
1,750 |
|
|
|
1,697 |
|
| Rev., 5.00%, 10/01/2032 |
|
|
750 |
|
|
|
802 |
|
| Illinois Finance Authority, Illinois State Clean Water Initiative, Green Bond, Rev., 5.00%, 01/01/2028 |
|
|
100 |
|
|
|
108 |
|
| Illinois Finance Authority, Mercy Health Corp., Rev., 5.00%, 12/01/2040 |
|
|
1,080 |
|
|
|
1,100 |
|
| Illinois Finance Authority, Northshore University Health System, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/15/2037 |
|
|
1,000 |
|
|
|
1,015 |
|
| Rev., 5.00%, 08/15/2035 |
|
|
750 |
|
|
|
825 |
|
| Illinois Finance Authority, Northwestern Memorial HealthCare, Rev., 4.00%, 07/15/2047 |
|
|
9,000 |
|
|
|
8,741 |
|
| Illinois Finance Authority, OSF Healthcare System, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/15/2050 |
|
|
1,000 |
|
|
|
923 |
|
| Series A, Rev., 5.00%, 11/15/2045 |
|
|
10,900 |
|
|
|
10,970 |
|
| Series B1, Rev., 5.00%, 05/15/2050 (z) |
|
|
2,250 |
|
|
|
2,254 |
|
| Illinois Finance Authority, Plymouth Place, Inc., Rev., 5.00%, 05/15/2041 |
|
|
400 |
|
|
|
393 |
|
| Illinois Finance Authority, Presbyterian Homes, Series B, Rev., (SIFMA Municipal Swap Index + 0.70%), 3.85%, 05/01/2042 (aa) |
|
|
180 |
|
|
|
178 |
|
| Illinois Finance Authority, Rush University Medical Center, Series A, Rev., 4.00%, 11/15/2039 |
|
|
1,320 |
|
|
|
1,296 |
|
| Illinois Finance Authority, Silver Cross Hospital & Medical, Rev., 5.00%, 08/15/2044 |
|
|
7,500 |
|
|
|
7,540 |
|
| Illinois Finance Authority, Southern Illinois Healthcare, Rev., 5.00%, 03/01/2031 |
|
|
2,135 |
|
|
|
2,203 |
|
| Illinois Finance Authority, State Clean Water Initiative, Rev., 4.00%, 07/01/2026 |
|
|
2,100 |
|
|
|
2,136 |
|
| Illinois Finance Authority, Swedish Covenant Hospital, Rev., 5.00%, 08/15/2032 (p) |
|
|
4,000 |
|
|
|
4,161 |
|
| Illinois Finance Authority, The Carle Foundation, |
|
|
|
|
|
|
|
|
| Series A, Rev., 3.00%, 08/15/2048 |
|
|
2,850 |
|
|
|
2,276 |
|
| Series A, Rev., 4.00%, 08/15/2038 |
|
|
1,615 |
|
|
|
1,631 |
|
| Series A, Rev., 5.00%, 08/15/2031 |
|
|
2,530 |
|
|
|
2,861 |
|
| Series B, Rev., 5.00%, 08/15/2053 (z) |
|
|
285 |
|
|
|
318 |
|
| Illinois Finance Authority, UChicago Medicine, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/15/2052 (z) |
|
|
1,710 |
|
|
|
1,805 |
|
| Series A, Rev., 5.00%, 08/15/2047 |
|
|
17,000 |
|
|
|
18,128 |
|
| Illinois Finance Authority, University of Chicago, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 10/01/2028 |
|
|
3,000 |
|
|
|
3,285 |
|
| Series A, Rev., 5.00%, 10/01/2030 |
|
|
3,000 |
|
|
|
3,000 |
|
| Series A, Rev., 5.00%, 10/01/2034 |
|
|
1,750 |
|
|
|
2,067 |
|
| Series A, Rev., 5.00%, 10/01/2035 |
|
|
1,400 |
|
|
|
1,668 |
|
| Series A, Rev., 5.00%, 10/01/2038 |
|
|
10,600 |
|
|
|
10,600 |
|
| Series A, Rev., 5.25%, 05/15/2048 |
|
|
2,000 |
|
|
|
2,231 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| Illinois Housing Development Authority, |
|
|
|
|
|
|
|
|
| Series C, Rev., FHA, 0.80%, 07/01/2026 |
|
|
270 |
|
|
|
257 |
|
| Series D, Rev., GNMA/FNMA/FHLMC, 3.75%, 04/01/2050 |
|
|
1,090 |
|
|
|
1,094 |
|
| Illinois Housing Development Authority, 6900 Crandon, Rev., FHA HUD, 5.00%, 02/01/2027 (z) |
|
|
1,700 |
|
|
|
1,743 |
|
| Illinois Housing Development Authority, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., GNMA FNMA FHLMC COLL, 3.00%, 04/01/2051 |
|
|
3,140 |
|
|
|
3,101 |
|
| Series B, Rev., GNMA FNMA FHLMC COLL, 3.00%, 04/01/2051 |
|
|
335 |
|
|
|
330 |
|
| Series H, Rev., GNMA/FNMA/FHLMC COLL, 5.75%, 10/01/2053 |
|
|
660 |
|
|
|
715 |
|
| Illinois Housing Development Authority, South Shore HHDC, Rev., HUD, 5.00%, 02/01/2027 (z) |
|
|
1,520 |
|
|
|
1,558 |
|
| Illinois Housing Development Authority, Sustainable Bond, Series A, Rev., GNMA/FNMA/FHLMC, 6.00%, 10/01/2054 |
|
|
810 |
|
|
|
895 |
|
| Illinois Housing Development Authority, Sustainable Bonds, |
|
|
|
|
|
|
|
|
| Series C, Rev., GNMA/FNMA/FHLMC, 4.85%, 04/01/2049 |
|
|
5,000 |
|
|
|
5,143 |
|
| Series N, Rev., GNMA/FNMA/FHLMC, 6.25%, 04/01/2054 |
|
|
9,705 |
|
|
|
10,748 |
|
| Illinois Sports Facilities Authority (The), State Tax Supported, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/15/2030 |
|
|
500 |
|
|
|
536 |
|
| Rev., AGM, 5.25%, 06/15/2031 |
|
|
225 |
|
|
|
226 |
|
| Rev., AGM, 5.25%, 06/15/2032 |
|
|
5,000 |
|
|
|
5,027 |
|
| Illinois State Toll Highway Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 01/01/2044 |
|
|
1,000 |
|
|
|
1,001 |
|
| Series A, Rev., 4.00%, 01/01/2046 |
|
|
14,950 |
|
|
|
14,821 |
|
| Series A, Rev., 5.00%, 01/01/2028 |
|
|
100 |
|
|
|
108 |
|
| Series A, Rev., 5.00%, 01/01/2040 |
|
|
4,500 |
|
|
|
4,549 |
|
| Series A, Rev., 5.00%, 01/01/2041 |
|
|
3,300 |
|
|
|
3,670 |
|
| Series A, Rev., 5.00%, 01/01/2043 |
|
|
4,000 |
|
|
|
4,399 |
|
| Series A, Rev., 5.00%, 01/01/2044 |
|
|
6,580 |
|
|
|
7,005 |
|
| Series B, Rev., 5.00%, 01/01/2029 |
|
|
100 |
|
|
|
103 |
|
| Series B, Rev., 5.00%, 01/01/2040 |
|
|
5,500 |
|
|
|
5,610 |
|
| Illinois State Toll Highway Authority, Senior, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 01/01/2029 |
|
|
800 |
|
|
|
877 |
|
| Series A, Rev., 5.00%, 12/01/2031 |
|
|
5,115 |
|
|
|
5,248 |
|
| Series A, Rev., 5.00%, 01/01/2036 |
|
|
1,300 |
|
|
|
1,521 |
|
| Series A, Rev., 5.00%, 01/01/2037 |
|
|
800 |
|
|
|
932 |
|
| Series A, Rev., 5.25%, 01/01/2043 |
|
|
2,315 |
|
|
|
2,623 |
|
| Series B, Rev., 5.00%, 01/01/2028 |
|
|
4,000 |
|
|
|
4,312 |
|
| Series B, Rev., 5.00%, 01/01/2041 |
|
|
2,190 |
|
|
|
2,248 |
|
| Illinois State Toll Highway Authority, Toll Highway Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 01/01/2036 |
|
|
1,000 |
|
|
|
1,119 |
|
| Series A, Rev., 5.00%, 01/01/2037 |
|
|
1,555 |
|
|
|
1,734 |
|
| Kane & DuPage Counties Community Unit School District No. 303 St Charles, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 01/01/2041 |
|
|
2,110 |
|
|
|
2,159 |
|
| GO, 4.00%, 01/01/2042 |
|
|
2,210 |
|
|
|
2,246 |
|
| Macon County, School District No. 61 Decatur, |
|
|
|
|
|
|
|
|
| GO, AGM, 4.00%, 01/01/2040 |
|
|
1,420 |
|
|
|
1,427 |
|
| GO, AGM, 4.00%, 01/01/2045 |
|
|
3,000 |
|
|
|
2,934 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| Metropolitan Pier & Exposition Authority, |
|
|
|
|
|
|
|
|
| Rev., NATL, Zero Coupon, 12/15/2034 |
|
|
500 |
|
|
|
347 |
|
| Rev., 5.00%, 12/15/2036 |
|
|
540 |
|
|
|
611 |
|
| Rev., 5.00%, 12/15/2037 |
|
|
1,090 |
|
|
|
1,229 |
|
| Metropolitan Pier & Exposition Authority Revenue, McCormick Place Expansion, Rev., 5.00%, 06/15/2042 |
|
|
5,645 |
|
|
|
6,006 |
|
| Metropolitan Pier & Exposition Authority, Capital Appreciation McCormick, |
|
|
|
|
|
|
|
|
| Rev., NATL, Zero Coupon, 12/15/2035 |
|
|
500 |
|
|
|
332 |
|
| Rev., NATL, Zero Coupon, 06/15/2036 |
|
|
6,000 |
|
|
|
3,898 |
|
| Rev., NATL, Zero Coupon, 06/15/2037 |
|
|
500 |
|
|
|
311 |
|
| Rev., AGM, Zero Coupon, 06/15/2044 |
|
|
500 |
|
|
|
222 |
|
| Series B, Rev., AGM, Zero Coupon, 06/15/2027 |
|
|
4,310 |
|
|
|
3,974 |
|
| Metropolitan Pier & Exposition Authority, Capital Appreciation McCormick Project, Rev., NATL, Zero Coupon, 06/15/2028 |
|
|
4,250 |
|
|
|
3,789 |
|
| Metropolitan Pier & Exposition Authority, McCormick Expansion Project, Series B, Rev., 5.00%, 12/15/2027 |
|
|
125 |
|
|
|
128 |
|
| Metropolitan Pier & Exposition Authority, McCormick Place, |
|
|
|
|
|
|
|
|
| Rev., Zero Coupon, 06/15/2037 |
|
|
1,175 |
|
|
|
727 |
|
| Rev., Zero Coupon, 06/15/2041 |
|
|
1,750 |
|
|
|
878 |
|
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion, |
|
|
|
|
|
|
|
|
| Rev., Zero Coupon, 12/15/2035 |
|
|
3,200 |
|
|
|
2,115 |
|
| Rev., 3.00%, 06/15/2025 |
|
|
150 |
|
|
|
149 |
|
| Rev., 4.00%, 12/15/2042 |
|
|
1,000 |
|
|
|
999 |
|
| Rev., 4.00%, 06/15/2050 |
|
|
1,000 |
|
|
|
953 |
|
| Metropolitan Pier & Exposition Authority, McCormick Place Expansion Project, Rev., 5.00%, 06/15/2057 |
|
|
1,760 |
|
|
|
1,796 |
|
| Metropolitan Water Reclamation District of Greater Chicago, Green Bond, Series C, GO, 5.00%, 12/01/2045 |
|
|
3,000 |
|
|
|
3,069 |
|
| Metropolitan Water Reclamation District of Greater Chicago, Green Bonds, Series E, GO, 5.00%, 12/01/2036 |
|
|
2,065 |
|
|
|
2,151 |
|
| Northern Illinois University, Auxiliary Facilities Systems Revenue Bonds, Rev., BAM, 4.00%, 10/01/2041 |
|
|
825 |
|
|
|
825 |
|
| Northern Illinois University, Board of Trustees Auxiliary Facilities, Rev., BAM, 4.00%, 10/01/2033 |
|
|
1,000 |
|
|
|
1,026 |
|
| Regional Transportation Authority, Series A, Rev., NATL, 6.00%, 07/01/2025 |
|
|
25 |
|
|
|
26 |
|
| Sales Tax Securitization Corp., Series A, Rev., 5.00%, 01/01/2048 |
|
|
2,000 |
|
|
|
2,053 |
|
| Sales Tax Securitization Corp., Second Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 01/01/2039 |
|
|
3,000 |
|
|
|
3,034 |
|
| Series A, Rev., 5.00%, 01/01/2035 |
|
|
10,935 |
|
|
|
11,463 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., BAM, 5.00%, 01/01/2037 |
|
|
750 |
|
|
|
812 |
|
| Series C, Rev., 5.00%, 01/01/2029 |
|
|
850 |
|
|
|
928 |
|
| Series C, Rev., 5.00%, 01/01/2032 |
|
|
1,400 |
|
|
|
1,581 |
|
| Southwestern Illinois Development Authority, Southwestern Il Flood Prevention, Rev., 4.00%, 10/15/2035 |
|
|
1,215 |
|
|
|
1,245 |
|
| State of Illinois, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 06/01/2032 |
|
|
1,980 |
|
|
|
1,994 |
|
| GO, 4.00%, 06/01/2034 |
|
|
4,485 |
|
|
|
4,509 |
|
| GO, 4.00%, 06/01/2035 |
|
|
1,000 |
|
|
|
1,004 |
|
| GO, 4.00%, 06/01/2036 |
|
|
485 |
|
|
|
487 |
|
| GO, 5.00%, 01/01/2028 |
|
|
6,810 |
|
|
|
6,983 |
|
| GO, 5.00%, 02/01/2028 |
|
|
1,050 |
|
|
|
1,102 |
|
| GO, 5.00%, 01/01/2029 |
|
|
2,085 |
|
|
|
2,135 |
|
| GO, 5.00%, 02/01/2029 |
|
|
1,450 |
|
|
|
1,536 |
|
| GO, 5.00%, 02/01/2030 (w) |
|
|
1,460 |
|
|
|
1,609 |
|
| GO, 5.00%, 05/01/2041 |
|
|
850 |
|
|
|
939 |
|
| GO, 5.25%, 02/01/2030 |
|
|
2,000 |
|
|
|
2,010 |
|
| GO, 5.50%, 05/01/2030 |
|
|
2,000 |
|
|
|
2,187 |
|
| Series A, GO, 4.00%, 03/01/2041 |
|
|
250 |
|
|
|
249 |
|
| Series A, GO, 5.00%, 11/01/2026 |
|
|
1,360 |
|
|
|
1,421 |
|
| Series A, GO, 5.00%, 03/01/2027 |
|
|
855 |
|
|
|
899 |
|
| Series A, GO, 5.00%, 03/01/2028 |
|
|
1,500 |
|
|
|
1,608 |
|
| Series A, GO, 5.00%, 03/01/2030 |
|
|
1,000 |
|
|
|
1,104 |
|
| Series A, GO, 5.00%, 03/01/2046 |
|
|
1,000 |
|
|
|
1,060 |
|
| Series A, GO, 5.50%, 03/01/2042 |
|
|
1,500 |
|
|
|
1,674 |
|
| Series A, GO, 5.50%, 03/01/2047 |
|
|
2,690 |
|
|
|
2,961 |
|
| Series A, GO, 6.00%, 05/01/2025 |
|
|
500 |
|
|
|
508 |
|
| Series B, GO, 4.00%, 10/01/2033 |
|
|
2,000 |
|
|
|
2,057 |
|
| Series B, GO, 5.00%, 10/01/2029 |
|
|
1,000 |
|
|
|
1,098 |
|
| Series B, GO, 5.00%, 10/01/2031 |
|
|
5,000 |
|
|
|
5,528 |
|
| Series B, GO, 5.50%, 05/01/2039 |
|
|
250 |
|
|
|
275 |
|
| Series B, GO, 5.50%, 05/01/2047 |
|
|
2,500 |
|
|
|
2,756 |
|
| Series C, GO, 4.00%, 10/01/2037 |
|
|
2,000 |
|
|
|
2,023 |
|
| Series C, GO, 5.00%, 11/01/2029 |
|
|
4,200 |
|
|
|
4,449 |
|
| Series C, GO, 5.25%, 10/01/2047 |
|
|
3,000 |
|
|
|
3,258 |
|
| Series D, GO, 5.00%, 11/01/2024 |
|
|
1,000 |
|
|
|
1,001 |
|
| Series D, GO, 5.00%, 11/01/2026 |
|
|
1,980 |
|
|
|
2,070 |
|
| Series D, GO, 5.00%, 11/01/2027 |
|
|
6,080 |
|
|
|
6,479 |
|
| Series D, GO, 5.00%, 11/01/2028 |
|
|
2,500 |
|
|
|
2,655 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Illinois — continued |
|
|
|
|
|
|
|
|
| State of Illinois Sales Tax Revenue, Series A, Rev., BAM, 4.00%, 06/15/2029 |
|
|
2,250 |
|
|
|
2,354 |
|
| State of Illinois Sales Tax Revenue, Junior Obligation, |
|
|
|
|
|
|
|
|
| Series A, Rev., BAM, 4.00%, 06/15/2026 |
|
|
505 |
|
|
|
515 |
|
| Series A, Rev., BAM, 4.00%, 06/15/2031 |
|
|
1,500 |
|
|
|
1,563 |
|
| State of Illinois, Build America Bonds, |
|
|
|
|
|
|
|
|
| GO, 6.90%, 03/01/2035 |
|
|
1,000 |
|
|
|
1,119 |
|
| GO, 7.35%, 07/01/2035 |
|
|
3,143 |
|
|
|
3,453 |
|
| State of Illinois, Rebuild Illinois Program, Series B, GO, 4.00%, 11/01/2039 |
|
|
1,500 |
|
|
|
1,502 |
|
| University of Illinois Auxiliary Facilities System, Rev., 5.25%, 04/01/2041 |
|
|
4,390 |
|
|
|
5,044 |
|
| University of Illinois, Auxiliary Facility, Series A, Rev., AGM-CR, 4.00%, 04/01/2036 |
|
|
4,730 |
|
|
|
4,767 |
|
| Village of Rosemont, Series A, GO, BAM, 5.00%, 12/01/2042 |
|
|
10,000 |
|
|
|
10,645 |
|
| Will County Community Unit School District No. 209-U Wilmington, GO, AGM, 5.50%, 02/01/2038 |
|
|
1,195 |
|
|
|
1,316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
744,942 |
|
|
|
|
|
|
|
|
|
|
| Indiana — 1.4% |
|
|
|
|
|
|
|
|
| City of Carmel IN Waterworks Revenue, Rev., BAM, 5.25%, 05/01/2051 |
|
|
1,375 |
|
|
|
1,479 |
|
| City of Fishers Sewage Works Revenue, Rev., BAM, 4.00%, 07/01/2047 |
|
|
1,000 |
|
|
|
980 |
|
| City of Rockport, Industry Pollution Control, Michigan Power Company Project, Rev., 2.75%, 06/01/2025 |
|
|
100 |
|
|
|
99 |
|
| City of Valparaiso, Pratt Paper (In) LLC, Rev., AMT, 4.88%, 01/01/2044 (e) |
|
|
3,000 |
|
|
|
3,149 |
|
| City of Whiting, BP Products North America, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.40%, 11/01/2045 (z) |
|
|
6,000 |
|
|
|
6,157 |
|
| Rev., AMT, 4.40%, 03/01/2046 (z) |
|
|
4,500 |
|
|
|
4,613 |
|
| City of Whiting, BP Products North America, Inc. Project, Rev., AMT, 5.00%, 11/01/2047 (z) |
|
|
5,000 |
|
|
|
5,004 |
|
| Evansville Waterworks District, Series A, Rev., BAM, 5.00%, 07/01/2042 |
|
|
925 |
|
|
|
1,007 |
|
| Indiana Finance Authority, Rev., 5.25%, 10/01/2044 |
|
|
5,000 |
|
|
|
5,696 |
|
| Indiana Finance Authority, Citizens Water Westfield Project, Series A, Rev., 4.00%, 10/01/2048 |
|
|
1,500 |
|
|
|
1,460 |
|
| Indiana Finance Authority, Community Foundation of Northwest Industry, Rev., 5.00%, 09/01/2036 |
|
|
1,000 |
|
|
|
1,033 |
|
| Indiana Finance Authority, DePauw University Project, Series A, Rev., 5.00%, 07/01/2047 |
|
|
8,000 |
|
|
|
8,301 |
|
| Indiana Finance Authority, Duke Energy Indian, Rev., AMT, 4.50%, 05/01/2035 (z) |
|
|
3,305 |
|
|
|
3,361 |
|
| Indiana Finance Authority, First Lien, Series A, Rev., 5.00%, 10/01/2025 |
|
|
1,625 |
|
|
|
1,628 |
|
| Indiana Finance Authority, First Lien CWA Authority Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/01/2033 |
|
|
1,250 |
|
|
|
1,474 |
|
| Rev., 5.00%, 10/01/2034 |
|
|
955 |
|
|
|
1,129 |
|
| Rev., 5.00%, 10/01/2035 |
|
|
1,250 |
|
|
|
1,464 |
|
| Rev., 5.00%, 10/01/2040 |
|
|
1,250 |
|
|
|
1,429 |
|
| Rev., 5.00%, 10/01/2041 |
|
|
500 |
|
|
|
567 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Indiana — continued |
|
|
|
|
|
|
|
|
| Indiana Finance Authority, Green Bonds CWA Authority Project, Rev., 4.00%, 10/01/2037 |
|
|
1,440 |
|
|
|
1,473 |
|
| Indiana Finance Authority, IN University Health Obligation Group, Rev., 4.00%, 12/01/2040 |
|
|
1,000 |
|
|
|
995 |
|
| Indiana Finance Authority, Indianapolis Power, |
|
|
|
|
|
|
|
|
| Series A, Rev., 0.75%, 12/01/2038 (z) |
|
|
4,875 |
|
|
|
4,717 |
|
| Series B, Rev., AMT, 0.95%, 12/01/2038 (z) |
|
|
7,025 |
|
|
|
6,818 |
|
| Indiana Finance Authority, Margaret Mary Health, |
|
|
|
|
|
|
|
|
| Rev., 5.50%, 03/01/2044 |
|
|
2,650 |
|
|
|
2,875 |
|
| Rev., 5.75%, 03/01/2054 |
|
|
4,050 |
|
|
|
4,422 |
|
| Indiana Finance Authority, Marion General Hospital, Series A, Rev., 4.00%, 07/01/2040 |
|
|
5,060 |
|
|
|
4,952 |
|
| Indiana Finance Authority, Ohio Valley Electric Corp., Rev., 3.00%, 11/01/2030 |
|
|
1,230 |
|
|
|
1,196 |
|
| Indiana Finance Authority, Ohio Valley Electric Corp. Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.25%, 11/01/2030 |
|
|
2,000 |
|
|
|
2,098 |
|
| Series B, Rev., 2.50%, 11/01/2030 |
|
|
1,000 |
|
|
|
932 |
|
| Indiana Finance Authority, Second Lien, CWA Authority Project, Rev., 5.00%, 10/01/2035 |
|
|
3,000 |
|
|
|
3,396 |
|
| Indiana Finance Authority, United States Steel Corp., Series A, Rev., 4.13%, 12/01/2026 |
|
|
145 |
|
|
|
147 |
|
| Indiana Finance Authority, University of Evansville, Rev., 5.25%, 09/01/2037 |
|
|
1,150 |
|
|
|
1,196 |
|
| Indiana Finance Authority, Valley Electric Corporation Project, Series B, Rev., 3.00%, 11/01/2030 |
|
|
1,000 |
|
|
|
972 |
|
| Indiana Finance Authority, Valparaiso University Project, Rev., 4.00%, 10/01/2034 |
|
|
1,315 |
|
|
|
1,301 |
|
| Indiana Health & Educational Facilities Financing Authority, Rev., 4.00%, 11/15/2046 |
|
|
3,400 |
|
|
|
3,221 |
|
| Indiana Housing & Community Development Authority, Series A, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2051 |
|
|
595 |
|
|
|
588 |
|
| Indiana Housing & Community Development Authority, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A1, Rev., GNMA/FNMA/FHLMC COLL, 5.75%, 07/01/2053 |
|
|
245 |
|
|
|
263 |
|
| Series A, Rev., GNMA/FNMA/FHLMC COLL, 3.00%, 07/01/2052 |
|
|
865 |
|
|
|
851 |
|
| Series C1, Rev., GNMA/FNMA/FHLMC, 3.00%, 01/01/2052 |
|
|
40 |
|
|
|
40 |
|
| Indiana Housing & Community Development Authority, Sustainable Bond, Series A1, Rev., GNMA/FNMA/FHLMC, 4.50%, 07/01/2044 |
|
|
4,000 |
|
|
|
4,067 |
|
| Indiana Municipal Power Agency, Series A, Rev., 5.00%, 01/01/2029 |
|
|
400 |
|
|
|
436 |
|
| Indiana University, Rev., 5.00%, 06/01/2034 |
|
|
2,665 |
|
|
|
3,165 |
|
| Indianapolis Local Public Improvement Bond Bank, |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, 4.00%, 06/01/2036 |
|
|
5,000 |
|
|
|
5,222 |
|
| Series A, Rev., AGM, 4.00%, 06/01/2041 |
|
|
9,000 |
|
|
|
9,162 |
|
| Series A, Rev., 5.00%, 06/01/2025 |
|
|
500 |
|
|
|
507 |
|
| Indianapolis Local Public Improvement Bond Bank, Airport Authority, Series A1, Rev., AMT, 5.00%, 01/01/2028 |
|
|
200 |
|
|
|
206 |
|
| Indianapolis Local Public Improvement Bond Bank, Indianapolis Airport, Rev., AMT, 5.00%, 01/01/2029 |
|
|
2,855 |
|
|
|
3,062 |
|
| Indianapolis Local Public Improvement Bond Bank, Indianapolis Airport Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 01/01/2026 |
|
|
1,500 |
|
|
|
1,533 |
|
| Rev., AMT, 5.00%, 01/01/2029 |
|
|
4,245 |
|
|
|
4,553 |
|
| Rev., AMT, 5.00%, 01/01/2031 |
|
|
3,500 |
|
|
|
3,833 |
|
| Series I, Rev., AMT, 5.00%, 01/01/2032 |
|
|
4,885 |
|
|
|
4,902 |
|
| Series I, Rev., AMT, 5.00%, 01/01/2033 |
|
|
5,000 |
|
|
|
5,017 |
|
| Indianapolis Local Public Improvement Bond Bank, Metropolitan Thoroughfare District, Series D, Rev., 4.00%, 01/01/2041 |
|
|
10,000 |
|
|
|
10,254 |
|
| Indianapolis Local Public Improvement Bond Bank, Senior, Convention Center Hotel, |
|
|
|
|
|
|
|
|
| Rev., 5.50%, 03/01/2038 |
|
|
2,150 |
|
|
|
2,419 |
|
| Rev., 6.00%, 03/01/2053 |
|
|
2,050 |
|
|
|
2,280 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Indiana — continued |
|
|
|
|
|
|
|
|
| Northern Indiana Commuter Transportation District, Rev., 5.25%, 01/01/2049 |
|
|
1,500 |
|
|
|
1,669 |
|
| Northwestern School Building Corp., |
|
|
|
|
|
|
|
|
| Rev., 6.00%, 07/15/2040 |
|
|
700 |
|
|
|
805 |
|
| Rev., 6.00%, 07/15/2041 |
|
|
900 |
|
|
|
1,030 |
|
| Purdue University, Series A, Rev., 5.00%, 07/01/2027 |
|
|
1,500 |
|
|
|
1,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
158,207 |
|
|
|
|
|
|
|
|
|
|
| Iowa — 0.4% |
|
|
|
|
|
|
|
|
| Iowa Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 4.00%, 07/01/2039 |
|
|
3,545 |
|
|
|
3,606 |
|
| Rev., GNMA/FNMA/FHLMC, 4.50%, 07/01/2044 |
|
|
5,665 |
|
|
|
5,764 |
|
| Series D, Rev., GNMA/FNMA/FHLMC, 3.50%, 01/01/2049 |
|
|
245 |
|
|
|
246 |
|
| Iowa Finance Authority, Ahepa 192, IV Apartments Project, Rev., HUD, 5.00%, 11/01/2026 (z) |
|
|
3,040 |
|
|
|
3,097 |
|
| Iowa Finance Authority, Alcoa, Inc. Project, Rev., 4.75%, 08/01/2042 |
|
|
5,000 |
|
|
|
5,005 |
|
| Iowa Finance Authority, Iowa Fertilizer Company Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 12/01/2050 (p) (z) |
|
|
5,905 |
|
|
|
6,480 |
|
| Rev., 5.00%, 12/01/2050 (p) |
|
|
5,255 |
|
|
|
6,151 |
|
| Iowa Finance Authority, Social Bond, Series A, Rev., GNMA/FNMA/FHLMC, 3.00%, 01/01/2052 |
|
|
1,770 |
|
|
|
1,741 |
|
| Iowa Finance Authority, Social Bonds, Series A, Rev., GNMA/FNMA/FHLMC, 3.00%, 01/01/2047 |
|
|
1,485 |
|
|
|
1,465 |
|
| Iowa Finance Authority, Sustainable Bond Mortgage Backed, Rev., GNMA/FNMA/FHLMC, 4.50%, 07/01/2044 |
|
|
2,000 |
|
|
|
2,035 |
|
| Iowa Student Loan Liquidity Corp., Series B, Rev., AMT, 5.00%, 12/01/2030 |
|
|
1,000 |
|
|
|
1,074 |
|
| Iowa Tobacco Settlement Authority, Subordinate, |
|
|
|
|
|
|
|
|
| Series B1, Rev., 4.00%, 06/01/2049 |
|
|
910 |
|
|
|
917 |
|
| Series B, Rev., Zero Coupon, 06/01/2065 |
|
|
10,635 |
|
|
|
1,720 |
|
| PEFA, Inc., Rev., 5.00%, 09/01/2049 (z) |
|
|
2,745 |
|
|
|
2,823 |
|
| Sioux City Community School District, Rev., BAM, 3.00%, 10/01/2025 |
|
|
3,625 |
|
|
|
3,626 |
|
| Southeast Polk Community School District, Series A, GO, 5.00%, 05/01/2028 |
|
|
5,185 |
|
|
|
5,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51,377 |
|
|
|
|
|
|
|
|
|
|
| Kansas — 0.2% |
|
|
|
|
|
|
|
|
| Butler County Unified School District No. 385 Andover, Refunding and School Building, GO, 5.00%, 09/01/2032 (p) |
|
|
1,000 |
|
|
|
1,072 |
|
| City of Lawrence KS, Rev., 4.00%, 07/01/2036 |
|
|
1,500 |
|
|
|
1,487 |
|
| City of Manhattan, Meadowlark Hills, Series A, Rev., 4.00%, 06/01/2036 |
|
|
1,000 |
|
|
|
987 |
|
| City of Wichita KS, Rev., 5.25%, 05/15/2039 (w) |
|
|
2,460 |
|
|
|
2,465 |
|
| Johnson County Unified School District No. 512 Shawnee Mission, Series A, GO, 4.00%, 10/01/2043 |
|
|
2,000 |
|
|
|
2,025 |
|
| Kansas Development Finance Authority, Unrefunded, Rev., 5.00%, 11/15/2054 (z) |
|
|
1,500 |
|
|
|
1,626 |
|
| Riley County Unified School District No. 383 Manhattan-Ogden, Series A, GO, 5.00%, 09/01/2034 (p) |
|
|
1,000 |
|
|
|
1,072 |
|
| University of Kansas Hospital Authority, Improvement Ku Health System, Rev., 5.00%, 09/01/2045 |
|
|
3,800 |
|
|
|
3,837 |
|
| University of Kansas Hospital Authority, University Kansas Health System, Rev., 5.00%, 03/01/2047 (p) |
|
|
3,865 |
|
|
|
4,088 |
|
| University of Kansas Hospital Authority, Unrefunded University Kansas Health System, Rev., 5.00%, 03/01/2047 |
|
|
7,350 |
|
|
|
7,505 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Kansas — continued |
|
|
|
|
|
|
|
|
| Wyandotte County Unified School District No. 203 Piper, |
|
|
|
|
|
|
|
|
| Series A, GO, AGM, 5.00%, 09/01/2040 |
|
|
900 |
|
|
|
995 |
|
| Series A, GO, AGM, 5.25%, 09/01/2052 |
|
|
1,000 |
|
|
|
1,088 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28,247 |
|
|
|
|
|
|
|
|
|
|
| Kentucky — 1.5% |
|
|
|
|
|
|
|
|
| City of Henderson, Pratt Paper LLC Project, Rev., AMT, 4.45%, 01/01/2042 (e) |
|
|
1,685 |
|
|
|
1,693 |
|
| County of Carroll, Utilities Company Project, Rev., AMT, 2.00%, 02/01/2032 |
|
|
8,620 |
|
|
|
7,334 |
|
| County of Trimble, Kentucky Utilities Co., Rev., AMT, 4.70%, 06/01/2054 (z) |
|
|
8,000 |
|
|
|
8,082 |
|
| County of Trimble, Louisville Gas & Electric, Rev., 0.63%, 09/01/2026 |
|
|
605 |
|
|
|
573 |
|
| County of Trimble, Louisville Gas & Electricity, Rev., AMT, 1.35%, 11/01/2027 |
|
|
8,100 |
|
|
|
7,627 |
|
| County of Trimble, Louisville Gas and Electric, Rev., AMT, 4.70%, 06/01/2054 (z) |
|
|
6,665 |
|
|
|
6,733 |
|
| County of Trimble, Louisville Gas and Electric Company, Rev., AMT, 1.30%, 09/01/2044 (z) |
|
|
4,500 |
|
|
|
4,145 |
|
| County of Warren, Bowling Green Warren County, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/01/2042 |
|
|
2,540 |
|
|
|
2,802 |
|
| Rev., 5.00%, 04/01/2043 |
|
|
2,500 |
|
|
|
2,747 |
|
| Rev., 5.25%, 04/01/2049 |
|
|
5,000 |
|
|
|
5,513 |
|
| Fayette County School District Finance Corp., Series A, Rev., 4.00%, 05/01/2038 |
|
|
3,000 |
|
|
|
3,013 |
|
| Kenton County Airport Board, Rev., AMT, 5.00%, 01/01/2032 |
|
|
1,175 |
|
|
|
1,290 |
|
| Kentucky Bond Development Corp., Centre College, Rev., 4.00%, 06/01/2040 |
|
|
420 |
|
|
|
422 |
|
| Kentucky Economic Development Finance Authority, Baptist Healthcare System, Series B, Rev., 5.00%, 08/15/2041 |
|
|
9,550 |
|
|
|
9,836 |
|
| Kentucky Economic Development Finance Authority, Commonspirit Health, Series A, Rev., 5.00%, 08/01/2044 |
|
|
3,500 |
|
|
|
3,648 |
|
| Kentucky Economic Development Finance Authority, Norton Healthcare, Inc., |
|
|
|
|
|
|
|
|
| Series B, Rev., NATL, Zero Coupon, 10/01/2026 |
|
|
4,305 |
|
|
|
3,993 |
|
| Series B, Rev., NATL, Zero Coupon, 10/01/2027 |
|
|
2,195 |
|
|
|
1,959 |
|
| Kentucky Economic Development Finance Authority, Owensboro Health, Series A, Rev., 5.00%, 06/01/2045 |
|
|
1,000 |
|
|
|
1,010 |
|
| Kentucky Economic Development Finance Authority, Senior Next Generation Information, |
|
|
|
|
|
|
|
|
| Rev., 4.25%, 07/01/2035 |
|
|
2,645 |
|
|
|
2,649 |
|
| Rev., 5.00%, 07/01/2040 |
|
|
5,000 |
|
|
|
5,024 |
|
| Rev., 5.00%, 01/01/2045 |
|
|
3,295 |
|
|
|
3,306 |
|
| Kentucky Housing Corp., |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 01/01/2055 |
|
|
1,070 |
|
|
|
1,199 |
|
| Series A, Rev., GNMA/FNMA/FHLMC, 6.25%, 07/01/2054 |
|
|
2,390 |
|
|
|
2,709 |
|
| Kentucky Housing Corp., Beecher Terrace Phase IV, Rev., HUD, 5.00%, 09/01/2043 (z) |
|
|
1,015 |
|
|
|
1,044 |
|
| Kentucky Public Energy Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2055 (z) |
|
|
8,010 |
|
|
|
8,759 |
|
| Series A1, Rev., 4.00%, 08/01/2052 (z) |
|
|
1,000 |
|
|
|
1,027 |
|
| Series A1, Rev., 5.25%, 04/01/2054 (z) |
|
|
24,200 |
|
|
|
26,895 |
|
| Series A2, Rev., (United States SOFR * 0.67 + 1.20%), 4.44%, 08/01/2052 (aa) |
|
|
2,500 |
|
|
|
2,505 |
|
| Series A2, Rev., (CME Term SOFR 1 Month * 0.67 + 1.12%), 4.68%, 12/01/2049 (aa) |
|
|
1,000 |
|
|
|
1,002 |
|
| Series A, Rev., 5.00%, 05/01/2055 (z) |
|
|
10,285 |
|
|
|
11,063 |
|
| Series C, Rev., 4.00%, 02/01/2050 (z) |
|
|
10,885 |
|
|
|
11,082 |
|
| Kentucky State University, Kentucky State University Project, |
|
|
|
|
|
|
|
|
| COP, BAM, 4.00%, 11/01/2033 |
|
|
145 |
|
|
|
153 |
|
| COP, BAM, 4.00%, 11/01/2035 |
|
|
135 |
|
|
|
142 |
|
| COP, BAM, 4.00%, 11/01/2036 |
|
|
155 |
|
|
|
162 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Kentucky — continued |
|
|
|
|
|
|
|
|
| COP, BAM, 4.00%, 11/01/2038 |
|
|
650 |
|
|
|
672 |
|
| Louisville and Jefferson County Metropolitan Government, Louisville Gas And Electric Co. Project, Series A, Rev., 0.90%, 09/01/2026 |
|
|
2,750 |
|
|
|
2,624 |
|
| Louisville and Jefferson County Metropolitan Government, Norton Healthcare, Inc., Rev., 5.00%, 10/01/2031 |
|
|
670 |
|
|
|
689 |
|
| Louisville/Jefferson County Metropolitan Government, Louisville Gas & Electric, Rev., 2.00%, 10/01/2033 |
|
|
1,000 |
|
|
|
827 |
|
| Louisville/Jefferson County Metropolitan Government, Louisville Gas & Electric Co. Project, Rev., AMT, 1.35%, 11/01/2027 |
|
|
2,000 |
|
|
|
1,875 |
|
| Louisville/Jefferson County Metropolitan Government, UofL Health Project, Series A, Rev., 5.00%, 05/15/2047 |
|
|
3,180 |
|
|
|
3,353 |
|
| Rural Water Financing Agency, Public Projects Construction, Rev., 3.70%, 05/01/2027 |
|
|
4,000 |
|
|
|
4,031 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
165,212 |
|
|
|
|
|
|
|
|
|
|
| Louisiana — 1.1% |
|
|
|
|
|
|
|
|
| City of New Orleans LA, GO, 5.00%, 12/01/2039 |
|
|
2,000 |
|
|
|
2,272 |
|
| City of New Orleans Sewerage Service Revenue, Rev., 5.00%, 06/01/2045 (p) |
|
|
2,000 |
|
|
|
2,028 |
|
| Consolidated Government of the City of Baton Rouge & Parish of East Baton Rouge, Sales Tax, Rev., AGC, 5.00%, 08/01/2027 |
|
|
1,400 |
|
|
|
1,494 |
|
| East Baton Rouge Sewerage Commission, Series A, Rev., 1.30%, 02/01/2041 (z) |
|
|
4,500 |
|
|
|
4,063 |
|
| Ernest N Morial New Orleans Exhibition Hall Authority, Special Tax, 5.25%, 07/15/2048 |
|
|
6,000 |
|
|
|
6,617 |
|
| Lakeshore Villages Master Community Development District, Parish of St. Tammany, Special Assessment, 3.20%, 06/01/2041 (e) |
|
|
630 |
|
|
|
522 |
|
| Louisiana Housing Corp., Home Ownership Program, Rev., GNMA/FNMA/FHLMC COLL, 5.75%, 06/01/2054 |
|
|
400 |
|
|
|
438 |
|
| Louisiana Housing Corp., Social Bonds Home Ownership Project, Rev., GNMA/FNMA/FHLMC, 5.00%, 06/01/2052 |
|
|
1,115 |
|
|
|
1,167 |
|
| Louisiana Local Government Environmental Facilities & Community Development Authority, Entergy Louisiana LLC Project, |
|
|
|
|
|
|
|
|
| Rev., 2.00%, 06/01/2030 |
|
|
2,755 |
|
|
|
2,502 |
|
| Rev., 2.50%, 04/01/2036 |
|
|
1,185 |
|
|
|
1,009 |
|
| Louisiana Local Government Environmental Facilities & Community Development Authority, Subordinate, East Baton Rouge, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/01/2036 |
|
|
640 |
|
|
|
716 |
|
| Rev., 5.00%, 02/01/2041 |
|
|
1,560 |
|
|
|
1,708 |
|
| Louisiana Local Government Environmental Facilities & Community Development Authority, Westlake Chemical Corp. Project, Rev., 3.50%, 11/01/2032 |
|
|
3,685 |
|
|
|
3,625 |
|
| Louisiana Public Facilities Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.50%, 09/01/2054 |
|
|
3,000 |
|
|
|
3,307 |
|
| Rev., AMT, 5.75%, 09/01/2064 |
|
|
2,500 |
|
|
|
2,780 |
|
| Louisiana Public Facilities Authority, Children’s Medical Center Project, Rev., 5.00%, 06/01/2045 (z) |
|
|
450 |
|
|
|
478 |
|
| Louisiana Public Facilities Authority, Elementus Minerals LLC Project, Rev., AMT, 5.00%, 10/01/2043 (e) (z) |
|
|
6,365 |
|
|
|
6,446 |
|
| Louisiana Public Facilities Authority, Loyola University Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 10/01/2038 |
|
|
2,560 |
|
|
|
2,564 |
|
| Rev., 5.25%, 10/01/2048 |
|
|
2,100 |
|
|
|
2,226 |
|
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation, Series B, Rev., 5.00%, 05/15/2050 (z) |
|
|
1,100 |
|
|
|
1,111 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Louisiana — continued |
|
|
|
|
|
|
|
|
| Louisiana Public Facilities Authority, Ochsner Clinic Foundation Project, Rev., 5.00%, 05/15/2042 |
|
|
1,480 |
|
|
|
1,519 |
|
| Louisiana Stadium & Exposition District, Senior Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2042 |
|
|
5,460 |
|
|
|
6,069 |
|
| Series A, Rev., 5.00%, 07/01/2048 |
|
|
2,500 |
|
|
|
2,741 |
|
| Series A, Rev., 5.25%, 07/01/2053 |
|
|
7,500 |
|
|
|
8,307 |
|
| New Orleans Aviation Board, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 01/01/2040 |
|
|
22,075 |
|
|
|
22,099 |
|
| Series B, Rev., AMT, 5.00%, 01/01/2045 |
|
|
4,000 |
|
|
|
4,002 |
|
| New Orleans Aviation Board, General Airport, Series D2, Rev., AMT, 5.00%, 01/01/2033 |
|
|
1,100 |
|
|
|
1,128 |
|
| New Orleans Aviation Board, General Airport North Terminal, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 01/01/2038 |
|
|
1,000 |
|
|
|
1,020 |
|
| Series B, Rev., AMT, 5.00%, 01/01/2048 |
|
|
5,000 |
|
|
|
5,044 |
|
| Parish of St John the Baptist, Marathon Oil Corporation Project, Rev., 4.05%, 06/01/2037 (z) |
|
|
2,625 |
|
|
|
2,653 |
|
| Port New Orleans Board of Commissioners, Series E, Rev., AMT, 5.00%, 04/01/2039 |
|
|
1,170 |
|
|
|
1,233 |
|
| St. Tammany Parish Hospital Service District No. 1, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2032 |
|
|
1,615 |
|
|
|
1,721 |
|
| Series A, Rev., 5.00%, 07/01/2034 |
|
|
1,655 |
|
|
|
1,761 |
|
| State of Louisiana, Series A, GO, 5.00%, 03/01/2037 |
|
|
9,555 |
|
|
|
10,280 |
|
| State of Louisiana Gasoline & Fuels Tax Revenue, Second Lien, Series A, Rev., (United States SOFR * 0.70 + 0.50%), 3.89%, 05/01/2043 (aa) |
|
|
1,120 |
|
|
|
1,117 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
117,767 |
|
|
|
|
|
|
|
|
|
|
| Maine — 0.2% |
|
|
|
|
|
|
|
|
| Finance Authority of Maine, Supplemental Educational Loan Program, |
|
|
|
|
|
|
|
|
| Series A1, Rev., AGM, AMT, 2.38%, 12/01/2033 |
|
|
705 |
|
|
|
613 |
|
| Series A1, Rev., AGM, AMT, 5.00%, 12/01/2024 |
|
|
75 |
|
|
|
75 |
|
| Series A1, Rev., AGM, AMT, 5.00%, 12/01/2025 |
|
|
85 |
|
|
|
87 |
|
| Maine Health & Higher Educational Facilities Authority, Series A, Rev., AGM, 4.38%, 07/01/2048 |
|
|
2,100 |
|
|
|
2,116 |
|
| Maine Health & Higher Educational Facilities Authority, Maine Healthcare, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2041 |
|
|
3,500 |
|
|
|
3,504 |
|
| Series A, Rev., 5.00%, 07/01/2046 |
|
|
4,000 |
|
|
|
4,003 |
|
| Maine State Housing Authority, Social Bonds, Series D, Rev., 3.00%, 11/15/2051 |
|
|
870 |
|
|
|
859 |
|
| Maine Turnpike Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2045 |
|
|
9,000 |
|
|
|
9,060 |
|
| Rev., 5.00%, 07/01/2028 |
|
|
2,000 |
|
|
|
2,185 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,502 |
|
|
|
|
|
|
|
|
|
|
| Maryland — 1.8% |
|
|
|
|
|
|
|
|
| City of Baltimore MD, Rev., 4.88%, 06/01/2042 |
|
|
1,275 |
|
|
|
1,306 |
|
| City of Baltimore, Wastewater Projects, Series A, Rev., 5.00%, 07/01/2049 |
|
|
5,000 |
|
|
|
5,264 |
|
| City of Baltimore, Water Project, Series A, Rev., 5.00%, 07/01/2050 |
|
|
3,200 |
|
|
|
3,403 |
|
| City of Brunswick, Brunswick Crossing Special Tax, Special Tax, 4.00%, 07/01/2029 |
|
|
500 |
|
|
|
501 |
|
| County of Baltimore, GO, 4.00%, 03/01/2042 |
|
|
10,300 |
|
|
|
10,351 |
|
| County of Howard, Series D, GO, 5.00%, 02/15/2030 |
|
|
3,000 |
|
|
|
3,240 |
|
| County of Montgomery, Series B, GO, 4.00%, 11/01/2028 |
|
|
1,500 |
|
|
|
1,596 |
|
| County of Montgomery MD, |
|
|
|
|
|
|
|
|
| GO, 2.00%, 08/01/2039 |
|
|
2,000 |
|
|
|
1,552 |
|
| GO, 3.00%, 12/01/2028 |
|
|
8,500 |
|
|
|
8,502 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Maryland — continued |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2045 |
|
|
5,000 |
|
|
|
5,074 |
|
| County of Montgomery, Trinity Health Credit Group, Rev., 4.00%, 12/01/2044 |
|
|
3,000 |
|
|
|
2,965 |
|
| County of Prince George’s, Chesapeake Lighthouse Obligations, Series A, Rev., 6.50%, 08/01/2035 (e) (p) |
|
|
750 |
|
|
|
779 |
|
| Maryland Community Development Administration, |
|
|
|
|
|
|
|
|
| Series B, Rev., 3.00%, 09/01/2051 |
|
|
120 |
|
|
|
118 |
|
| Series D, Rev., 3.25%, 09/01/2050 |
|
|
1,885 |
|
|
|
1,873 |
|
| Maryland Community Development Administration, Community Dev Admin Social Bonds, Rev., GNMA/FNMA/FHLMC COLL, 4.95%, 09/01/2042 |
|
|
1,430 |
|
|
|
1,505 |
|
| Maryland Community Development Administration, Park Heights Senior, Series C, Rev., 5.25%, 11/01/2025 |
|
|
4,880 |
|
|
|
4,938 |
|
| Maryland Community Development Administration, Residential, |
|
|
|
|
|
|
|
|
| Series A, Rev., 3.75%, 03/01/2050 |
|
|
1,020 |
|
|
|
1,024 |
|
| Series B, Rev., AMT, 4.50%, 09/01/2048 |
|
|
1,115 |
|
|
|
1,128 |
|
| Maryland Community Development Administration, Social Bonds, |
|
|
|
|
|
|
|
|
| Series C, Rev., 3.00%, 09/01/2051 |
|
|
4,791 |
|
|
|
4,723 |
|
| Series C, Rev., GNMA/FNMA/FHLMC COLL, 5.75%, 09/01/2054 |
|
|
445 |
|
|
|
483 |
|
| Maryland Community Development Administration, Sustainable Bonds, Series E, Rev., GNMA/FNMA/FHLMC, 6.25%, 03/01/2054 |
|
|
4,880 |
|
|
|
5,394 |
|
| Maryland Economic Development Corp., CNX Marine Terminals, Inc., Rev., 5.75%, 09/01/2025 |
|
|
750 |
|
|
|
756 |
|
| Maryland Economic Development Corp., Green Bond Purple Line Light, Rev., AMT, 5.25%, 06/30/2052 |
|
|
2,000 |
|
|
|
2,100 |
|
| Maryland Economic Development Corp., Green Bond, Purple Line, Rev., AMT, 5.25%, 06/30/2047 |
|
|
1,300 |
|
|
|
1,374 |
|
| Maryland Economic Development Corp., Morgan State University Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2040 |
|
|
665 |
|
|
|
656 |
|
| Rev., 5.38%, 07/01/2038 |
|
|
1,250 |
|
|
|
1,380 |
|
| Maryland Economic Development Corp., Port Covington Project, |
|
|
|
|
|
|
|
|
| Tax Allocation, 3.25%, 09/01/2030 |
|
|
1,260 |
|
|
|
1,236 |
|
| Tax Allocation, 4.00%, 09/01/2040 |
|
|
2,280 |
|
|
|
2,169 |
|
| Maryland Economic Development Corp., Transportation Facilities Project, Series A, Rev., 5.00%, 06/01/2035 |
|
|
1,000 |
|
|
|
1,049 |
|
| Maryland Health & Higher Educational Facilities Authority, Adventist Healthcare, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 01/01/2038 |
|
|
2,020 |
|
|
|
2,004 |
|
| Rev., 5.00%, 01/01/2025 |
|
|
470 |
|
|
|
470 |
|
| Rev., 5.00%, 01/01/2036 |
|
|
4,580 |
|
|
|
4,860 |
|
| Maryland Health & Higher Educational Facilities Authority, Doctors Community Hospital, Rev., 5.00%, 07/01/2034 |
|
|
2,000 |
|
|
|
2,059 |
|
| Maryland Health & Higher Educational Facilities Authority, Lifebridge Health, Rev., 4.00%, 07/01/2041 |
|
|
2,315 |
|
|
|
2,277 |
|
| Maryland Health & Higher Educational Facilities Authority, Medstar Health Issue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 05/15/2042 |
|
|
3,000 |
|
|
|
3,093 |
|
| Series A, Rev., 5.00%, 05/15/2045 |
|
|
9,565 |
|
|
|
9,815 |
|
| Series B, Rev., 5.00%, 08/15/2038 |
|
|
1,000 |
|
|
|
1,001 |
|
| Maryland Health & Higher Educational Facilities Authority, Meritus Medical Center, Rev., 5.00%, 07/01/2028 |
|
|
1,300 |
|
|
|
1,317 |
|
| Maryland Health & Higher Educational Facilities Authority, UPMC Health System, Series B, Rev., 4.00%, 04/15/2050 |
|
|
3,000 |
|
|
|
2,879 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Maryland — continued |
|
|
|
|
|
|
|
|
| Maryland Stadium Authority Built to Learn Revenue, Series A, Rev., 5.00%, 06/01/2033 |
|
|
1,375 |
|
|
|
1,578 |
|
| Maryland State Transportation Authority Passenger Facility Charge Revenue, Rev., AMT, 4.00%, 06/01/2039 |
|
|
5,145 |
|
|
|
5,149 |
|
| State of Maryland, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 06/01/2036 |
|
|
5,000 |
|
|
|
5,930 |
|
| Series B, GO, 5.00%, 08/01/2026 |
|
|
1,000 |
|
|
|
1,047 |
|
| State of Maryland Department of Transportation, Rev., 3.00%, 10/01/2030 |
|
|
1,500 |
|
|
|
1,493 |
|
| State of Maryland Department of Transportation, Baltimore Washington International, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 08/01/2038 |
|
|
965 |
|
|
|
971 |
|
| Rev., AMT, 4.00%, 08/01/2039 |
|
|
1,160 |
|
|
|
1,161 |
|
| State of Maryland, Group 1, Series A, GO, 5.00%, 08/01/2028 |
|
|
1,500 |
|
|
|
1,648 |
|
| State of Maryland, Local Facilities Loan, Series A, GO, 5.00%, 08/01/2028 |
|
|
5,000 |
|
|
|
5,493 |
|
| State of Maryland, State & Local Facilities Loan of 2022, GO, 5.00%, 06/01/2033 |
|
|
1,000 |
|
|
|
1,163 |
|
| Tender Option Bond Trust Receipts/Certificates, Rev., LIQ: Morgan Stanley, 3.22%, 07/01/2030 (e) (z) |
|
|
19,385 |
|
|
|
19,385 |
|
| University System of Maryland, Series A, Rev., 4.00%, 04/01/2051 |
|
|
1,500 |
|
|
|
1,482 |
|
| Washington Suburban Sanitary Commission, |
|
|
|
|
|
|
|
|
| Rev., CNTY GTD, 2.13%, 06/01/2036 |
|
|
7,885 |
|
|
|
6,681 |
|
| Rev., CNTY GTD, 3.00%, 06/01/2038 |
|
|
4,550 |
|
|
|
4,279 |
|
| Rev., CNTY GTD, 5.00%, 06/01/2029 |
|
|
2,000 |
|
|
|
2,235 |
|
| Rev., CNTY GTD, 5.00%, 06/01/2039 |
|
|
9,080 |
|
|
|
10,464 |
|
| Washington Suburban Sanitary Commission, Consolidated Public Improvement, |
|
|
|
|
|
|
|
|
| Rev., CNTY GTD, 3.00%, 06/01/2035 |
|
|
3,045 |
|
|
|
2,975 |
|
| Rev., CNTY GTD, 3.00%, 06/01/2037 |
|
|
5,180 |
|
|
|
4,928 |
|
| Rev., CNTY GTD, 5.00%, 06/01/2029 |
|
|
1,500 |
|
|
|
1,638 |
|
| Rev., CNTY GTD, 5.00%, 06/01/2038 |
|
|
5,000 |
|
|
|
5,883 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
191,797 |
|
|
|
|
|
|
|
|
|
|
| Massachusetts — 2.1% |
|
|
|
|
|
|
|
|
| Boston Water & Sewer Commission, Senior Bonds, Series B, Rev., 4.00%, 11/01/2039 |
|
|
1,570 |
|
|
|
1,651 |
|
| City of Brockton, GO, 4.00%, 08/01/2047 |
|
|
3,145 |
|
|
|
3,133 |
|
| Collegiate Charter School of Lowell, Rev., 5.00%, 06/15/2049 |
|
|
1,250 |
|
|
|
1,254 |
|
| Commonwealth of Massachusetts, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 09/01/2036 |
|
|
11,765 |
|
|
|
11,819 |
|
| GO, 4.00%, 07/01/2037 |
|
|
10,000 |
|
|
|
10,035 |
|
| GO, 4.00%, 09/01/2044 |
|
|
13,020 |
|
|
|
13,022 |
|
| GO, 4.00%, 05/01/2045 |
|
|
10,000 |
|
|
|
9,972 |
|
| Rev., NATL, 5.50%, 01/01/2034 |
|
|
1,500 |
|
|
|
1,728 |
|
| Series B, GO, 5.00%, 11/01/2041 |
|
|
9,000 |
|
|
|
10,333 |
|
| Series C, GO, 5.00%, 10/01/2049 |
|
|
10,000 |
|
|
|
11,010 |
|
| Series D, GO, 5.00%, 10/01/2053 |
|
|
10,000 |
|
|
|
10,919 |
|
| Series E, GO, 4.00%, 09/01/2043 |
|
|
10,000 |
|
|
|
10,005 |
|
| Series E, GO, 5.00%, 11/01/2047 |
|
|
5,000 |
|
|
|
5,490 |
|
| Commonwealth of Massachusetts Transportation Fund Revenue, Rail Enhancement Project, Series B, Rev., 5.00%, 06/01/2025 |
|
|
375 |
|
|
|
380 |
|
| Commonwealth of Massachusetts, Consolidated Loan, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 01/01/2041 |
|
|
1,500 |
|
|
|
1,716 |
|
| Series A, GO, 5.00%, 01/01/2054 |
|
|
10,000 |
|
|
|
10,931 |
|
| Commonwealth of Massachusetts, Consolidated Loans, Series E, GO, 5.00%, 11/01/2050 |
|
|
2,175 |
|
|
|
2,328 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Massachusetts — continued |
|
|
|
|
|
|
|
|
| Massachusetts Clean Water Trust (The), Sustainable Bonds, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/01/2033 |
|
|
1,000 |
|
|
|
1,191 |
|
| Rev., 5.00%, 02/01/2035 |
|
|
3,760 |
|
|
|
4,435 |
|
| Rev., 5.00%, 02/01/2038 |
|
|
250 |
|
|
|
291 |
|
| Massachusetts Development Finance Agency, Beth Israel Lahey Health Issue, Rev., 5.00%, 07/01/2032 |
|
|
4,385 |
|
|
|
5,006 |
|
| Massachusetts Development Finance Agency, Boston Medical Center, Rev., 5.25%, 07/01/2052 |
|
|
2,000 |
|
|
|
2,194 |
|
| Massachusetts Development Finance Agency, Emerson College, Series A, Rev., 5.00%, 01/01/2047 |
|
|
3,075 |
|
|
|
3,110 |
|
| Massachusetts Development Finance Agency, Green Bond, Boston Medical Center, Rev., 5.00%, 07/01/2044 |
|
|
2,840 |
|
|
|
2,851 |
|
| Massachusetts Development Finance Agency, Lahey Health System, Series F, Rev., 5.00%, 08/15/2045 |
|
|
10,000 |
|
|
|
10,063 |
|
| Massachusetts Development Finance Agency, Lowell General Hospital, Series G, Rev., 5.00%, 07/01/2044 |
|
|
2,000 |
|
|
|
1,994 |
|
| Massachusetts Development Finance Agency, Mass General Brigham, |
|
|
|
|
|
|
|
|
| Series D, Rev., 5.00%, 07/01/2047 |
|
|
8,010 |
|
|
|
8,790 |
|
| Series D, Rev., 5.00%, 07/01/2054 |
|
|
8,000 |
|
|
|
8,679 |
|
| Massachusetts Development Finance Agency, Milford Regional Medical Center, Rev., 5.00%, 07/15/2046 (e) |
|
|
1,000 |
|
|
|
1,011 |
|
| Massachusetts Development Finance Agency, Northeastern University Issue, Rev., 5.00%, 10/01/2044 |
|
|
2,000 |
|
|
|
2,225 |
|
| Massachusetts Development Finance Agency, Partners Healthcare System, Rev., (SIFMA Municipal Swap Index + 0.60%), 3.75%, 07/01/2049 (aa) (e) |
|
|
100 |
|
|
|
100 |
|
| Massachusetts Development Finance Agency, Suffolk University Project, Rev., 4.00%, 07/01/2051 |
|
|
1,250 |
|
|
|
1,100 |
|
| Massachusetts Development Finance Agency, UMass Memorial Health Care, Rev., 5.00%, 07/01/2044 |
|
|
1,000 |
|
|
|
1,018 |
|
| Massachusetts Educational Financing Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.25%, 07/01/2032 |
|
|
80 |
|
|
|
81 |
|
| Rev., AMT, 5.00%, 07/01/2029 |
|
|
2,250 |
|
|
|
2,423 |
|
| Rev., AMT, 5.00%, 07/01/2032 |
|
|
585 |
|
|
|
633 |
|
| Series B, Rev., AMT, 2.63%, 07/01/2036 |
|
|
300 |
|
|
|
299 |
|
| Series I, Rev., AMT, 5.00%, 01/01/2025 |
|
|
3,000 |
|
|
|
3,009 |
|
| Massachusetts Educational Financing Authority, Educational Loan Revenue Bonds, Rev., AMT, 2.00%, 07/01/2037 |
|
|
140 |
|
|
|
122 |
|
| Massachusetts Educational Financing Authority, Senior, Series B, Rev., AMT, 5.00%, 07/01/2029 |
|
|
1,400 |
|
|
|
1,487 |
|
| Massachusetts Educational Financing Authority, Senior Bonds, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 4.25%, 07/01/2044 |
|
|
305 |
|
|
|
301 |
|
| Series B, Rev., AMT, 5.00%, 07/01/2029 |
|
|
2,650 |
|
|
|
2,815 |
|
| Massachusetts Educational Financing Authority, Senior Issue M, Series B, Rev., AMT, 3.63%, 07/01/2038 |
|
|
780 |
|
|
|
734 |
|
| Massachusetts Housing Finance Agency, Mill Road Apartments Project, Rev., VRDO, 3.15%, 10/07/2024 (z) |
|
|
5,875 |
|
|
|
5,875 |
|
| Massachusetts Housing Finance Agency, Social Bond, Series 220, Rev., GNMA/FNMA/FHLMC, 3.00%, 12/01/2050 |
|
|
2,815 |
|
|
|
2,781 |
|
| Massachusetts Housing Finance Agency, Social Bonds, |
|
|
|
|
|
|
|
|
| Series 223, Rev., GNMA/FNMA/FHLMC, 3.00%, 06/01/2047 |
|
|
900 |
|
|
|
889 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Massachusetts — continued |
|
|
|
|
|
|
|
|
| Series 227, Rev., GNMA/FNMA/FHLMC COLL, 4.70%, 12/01/2043 |
|
|
2,250 |
|
|
|
2,326 |
|
| Massachusetts Housing Finance Agency, Sustainability Bond, |
|
|
|
|
|
|
|
|
| Series B2, Rev., 0.75%, 06/01/2025 |
|
|
115 |
|
|
|
112 |
|
| Series C1, Rev., 2.65%, 12/01/2034 |
|
|
1,000 |
|
|
|
883 |
|
| Series D3, Rev., FHA HUD, 3.35%, 06/01/2027 |
|
|
650 |
|
|
|
655 |
|
| Massachusetts Housing Finance Agency, Sustainable Bond, Series 234, Rev., GNMA/FNMA/FHLMC, 4.50%, 12/01/2044 |
|
|
575 |
|
|
|
585 |
|
| Massachusetts Port Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 07/01/2046 |
|
|
8,000 |
|
|
|
7,651 |
|
| Rev., AMT, 5.00%, 07/01/2049 |
|
|
2,735 |
|
|
|
2,833 |
|
| Series E, Rev., AMT, 5.00%, 07/01/2031 |
|
|
1,495 |
|
|
|
1,668 |
|
| Series E, Rev., AMT, 5.00%, 07/01/2032 |
|
|
2,000 |
|
|
|
2,218 |
|
| Massachusetts Port Authority, Green Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 07/01/2031 |
|
|
925 |
|
|
|
1,032 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2038 |
|
|
2,580 |
|
|
|
2,828 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2040 |
|
|
3,500 |
|
|
|
3,794 |
|
| Massachusetts School Building Authority, Rev., 4.00%, 02/15/2042 |
|
|
5,700 |
|
|
|
5,700 |
|
| Massachusetts School Building Authority, Sales Tax, Series A, Rev., 5.00%, 11/15/2027 |
|
|
1,105 |
|
|
|
1,135 |
|
| Massachusetts Water Resources Authority, Green Bond, Series B, Rev., 5.00%, 08/01/2026 |
|
|
1,000 |
|
|
|
1,047 |
|
| Town of Watertown MA, GO, 4.00%, 06/15/2050 |
|
|
1,850 |
|
|
|
1,857 |
|
| University of Massachusetts Building Authority, Series 2021, Rev., 5.00%, 11/01/2026 |
|
|
5,000 |
|
|
|
5,271 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
232,828 |
|
|
|
|
|
|
|
|
|
|
| Michigan — 1.8% |
|
|
|
|
|
|
|
|
| City of Detroit Sewage Disposal System Revenue, Floating Rate Notes Refunding System Libor D, Rev., AGM, (CME Term SOFR 3 Month * 0.67 + 0.60%), 4.35%, 07/01/2032 (aa) |
|
|
1,000 |
|
|
|
979 |
|
| City of Detroit, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A, GO, 4.00%, 04/01/2041 |
|
|
500 |
|
|
|
497 |
|
| Series A, GO, 5.00%, 04/01/2039 |
|
|
115 |
|
|
|
123 |
|
| Series A, GO, 5.00%, 04/01/2046 |
|
|
35 |
|
|
|
37 |
|
| Series A, GO, 5.00%, 04/01/2050 |
|
|
30 |
|
|
|
31 |
|
| City of Grand Rapids MI, GO, 5.00%, 04/01/2054 |
|
|
2,700 |
|
|
|
2,965 |
|
| Detroit Downtown Development Authority, Tax Allocation, 5.00%, 07/01/2048 |
|
|
1,120 |
|
|
|
1,192 |
|
| Gerald R Ford International Airport Authority, |
|
|
|
|
|
|
|
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2026 |
|
|
225 |
|
|
|
230 |
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2027 |
|
|
350 |
|
|
|
368 |
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2028 |
|
|
275 |
|
|
|
295 |
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2029 |
|
|
600 |
|
|
|
654 |
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2034 |
|
|
1,140 |
|
|
|
1,275 |
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2038 |
|
|
1,300 |
|
|
|
1,433 |
|
| Rev., CNTY GTD, AMT, 5.00%, 01/01/2039 |
|
|
1,000 |
|
|
|
1,095 |
|
| Grand Rapids Public Schools, |
|
|
|
|
|
|
|
|
| GO, AGM, 5.00%, 05/01/2042 |
|
|
1,225 |
|
|
|
1,372 |
|
| GO, AGM, 5.00%, 05/01/2043 |
|
|
1,700 |
|
|
|
1,896 |
|
| GO, AGM, 5.00%, 05/01/2044 |
|
|
1,450 |
|
|
|
1,611 |
|
| GO, AGM, 5.00%, 05/01/2046 |
|
|
4,000 |
|
|
|
4,449 |
|
| Great Lakes Water Authority Sewage Disposal System Revenue, Senior Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2038 |
|
|
645 |
|
|
|
745 |
|
| Series B, Rev., 5.00%, 07/01/2025 |
|
|
1,115 |
|
|
|
1,133 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Michigan — continued |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 07/01/2028 |
|
|
140 |
|
|
|
153 |
|
| Series C, Rev., 5.00%, 07/01/2037 |
|
|
850 |
|
|
|
987 |
|
| Series C, Rev., 5.00%, 07/01/2038 |
|
|
725 |
|
|
|
837 |
|
| Series C, Rev., 5.00%, 07/01/2040 |
|
|
1,150 |
|
|
|
1,310 |
|
| Series C, Rev., 5.00%, 07/01/2041 |
|
|
1,140 |
|
|
|
1,292 |
|
| Series C, Rev., 5.00%, 07/01/2042 |
|
|
1,200 |
|
|
|
1,354 |
|
| Series C, Rev., 5.00%, 07/01/2043 |
|
|
875 |
|
|
|
983 |
|
| Great Lakes Water Authority Water Supply System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2036 |
|
|
10,625 |
|
|
|
12,293 |
|
| Rev., 5.00%, 07/01/2037 |
|
|
1,570 |
|
|
|
1,822 |
|
| Rev., 5.25%, 07/01/2052 |
|
|
3,000 |
|
|
|
3,307 |
|
| Great Lakes Water Authority Water Supply System Revenue, Senior Lien, Series C, Rev., 5.25%, 07/01/2033 |
|
|
2,515 |
|
|
|
2,614 |
|
| Great Lakes Water Authority Water Supply System Revenue, Senior Lien Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2037 |
|
|
2,510 |
|
|
|
2,913 |
|
| Series A, Rev., 5.00%, 07/01/2038 |
|
|
2,000 |
|
|
|
2,308 |
|
| Series B, Rev., 5.00%, 07/01/2037 |
|
|
550 |
|
|
|
639 |
|
| Series B, Rev., 5.00%, 07/01/2038 |
|
|
500 |
|
|
|
577 |
|
| Great Lakes Water Authority, Sewage Disposal System, Second Lien, Series C, Rev., 5.00%, 07/01/2032 |
|
|
75 |
|
|
|
77 |
|
| Great Lakes Water Authority, Sewage Disposal System, Senior Lien, Series B, Rev., 5.00%, 07/01/2030 |
|
|
3,200 |
|
|
|
3,327 |
|
| Lansing Board of Water & Light, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2037 |
|
|
1,625 |
|
|
|
1,892 |
|
| Series A, Rev., 5.00%, 07/01/2039 |
|
|
405 |
|
|
|
466 |
|
| Series A, Rev., 5.00%, 07/01/2041 |
|
|
1,500 |
|
|
|
1,706 |
|
| Series A, Rev., 5.00%, 07/01/2048 |
|
|
1,675 |
|
|
|
1,770 |
|
| Series A, Rev., 5.25%, 07/01/2054 |
|
|
7,000 |
|
|
|
7,788 |
|
| Michigan Finance Authority, Series A, Rev., 4.00%, 12/01/2049 |
|
|
1,000 |
|
|
|
958 |
|
| Michigan Finance Authority, Aquinas College Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/01/2036 |
|
|
300 |
|
|
|
274 |
|
| Rev., 5.00%, 05/01/2046 |
|
|
2,000 |
|
|
|
1,670 |
|
| Michigan Finance Authority, Beaumont Health Credit Group, Rev., 5.00%, 11/01/2044 |
|
|
8,090 |
|
|
|
8,160 |
|
| Michigan Finance Authority, Beaumont Spectrum, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 04/15/2042 |
|
|
2,500 |
|
|
|
2,519 |
|
| Rev., 5.00%, 04/15/2030 |
|
|
3,000 |
|
|
|
3,362 |
|
| Michigan Finance Authority, Beaumont Spectrum Consolidated, Rev., 4.00%, 04/15/2038 |
|
|
1,175 |
|
|
|
1,200 |
|
| Michigan Finance Authority, Che Trinity Health, Rev., 4.00%, 12/01/2040 (p) |
|
|
95 |
|
|
|
102 |
|
| Michigan Finance Authority, Henry Ford Health System, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/15/2041 |
|
|
3,145 |
|
|
|
3,218 |
|
| Series A, Rev., 5.00%, 11/15/2048 |
|
|
7,000 |
|
|
|
7,341 |
|
| Michigan Finance Authority, Higher Educational Facilities Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 09/01/2032 |
|
|
690 |
|
|
|
759 |
|
| Rev., 5.00%, 09/01/2033 |
|
|
800 |
|
|
|
874 |
|
| Rev., 5.00%, 09/01/2034 |
|
|
570 |
|
|
|
622 |
|
| Rev., 5.00%, 09/01/2035 |
|
|
1,200 |
|
|
|
1,306 |
|
| Michigan Finance Authority, Local Government Loan Program, Rev., 5.00%, 07/01/2044 |
|
|
4,000 |
|
|
|
4,002 |
|
| Michigan Finance Authority, Multi Modal McLaren Health Care, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/15/2044 |
|
|
9,625 |
|
|
|
9,604 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Michigan — continued |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/15/2047 |
|
|
3,000 |
|
|
|
2,941 |
|
| Rev., 4.00%, 02/15/2050 |
|
|
2,500 |
|
|
|
2,400 |
|
| Michigan Finance Authority, Senior Turbo, Series A2, Rev., 5.00%, 06/01/2040 |
|
|
1,655 |
|
|
|
1,758 |
|
| Michigan Finance Authority, Sparrow Obligated Group, Rev., 5.00%, 11/15/2045 (p) |
|
|
2,250 |
|
|
|
2,279 |
|
| Michigan Finance Authority, Trinity Health Credit Group, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 12/01/2040 |
|
|
9,130 |
|
|
|
9,157 |
|
| Rev., 4.00%, 12/01/2048 |
|
|
1,300 |
|
|
|
1,255 |
|
| Rev., 5.00%, 12/01/2036 |
|
|
1,000 |
|
|
|
1,110 |
|
| Michigan Finance Authority, Unrefunded Trinity Health Co., Rev., 5.00%, 12/01/2045 |
|
|
2,250 |
|
|
|
2,281 |
|
| Michigan State Building Authority, Series I, Rev., 5.00%, 10/15/2027 |
|
|
2,500 |
|
|
|
2,685 |
|
| Michigan State Building Authority, Facilities Program, |
|
|
|
|
|
|
|
|
| Series II, Rev., 4.00%, 10/15/2043 |
|
|
1,000 |
|
|
|
1,013 |
|
| Series II, Rev., 5.00%, 10/15/2026 |
|
|
3,500 |
|
|
|
3,674 |
|
| Series II, Rev., 5.00%, 10/15/2042 |
|
|
1,350 |
|
|
|
1,513 |
|
| Michigan State Hospital Finance Authority, Hospital Trinity Health Credit, Series C, Rev., 5.00%, 12/01/2027 |
|
|
100 |
|
|
|
107 |
|
| Michigan State Housing Development Authority, |
|
|
|
|
|
|
|
|
| Rev., HUD, 4.45%, 10/01/2044 |
|
|
1,500 |
|
|
|
1,524 |
|
| Series A, Rev., 0.55%, 04/01/2025 |
|
|
240 |
|
|
|
236 |
|
| Series C, Rev., 3.00%, 06/01/2051 |
|
|
1,800 |
|
|
|
1,778 |
|
| Michigan State Housing Development Authority, Social Bond, |
|
|
|
|
|
|
|
|
| Series A, Rev., 3.00%, 06/01/2052 |
|
|
3,050 |
|
|
|
3,009 |
|
| Series A, Rev., 5.00%, 06/01/2053 |
|
|
2,090 |
|
|
|
2,193 |
|
| Michigan State Housing Development Authority, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.50%, 12/01/2053 |
|
|
1,255 |
|
|
|
1,368 |
|
| Series D, Rev., 5.50%, 06/01/2053 |
|
|
330 |
|
|
|
352 |
|
| Michigan State Housing Development Authority, Sustainable Bonds, Series A, Rev., 6.00%, 06/01/2054 |
|
|
2,890 |
|
|
|
3,196 |
|
| Michigan State University, Series C, Rev., 4.00%, 02/15/2039 |
|
|
2,000 |
|
|
|
2,035 |
|
| Michigan Strategic Fund, Consumers Energy Co. Project, Rev., AMT, 0.88%, 04/01/2035 (z) |
|
|
1,620 |
|
|
|
1,485 |
|
| Michigan Strategic Fund, Detroit Edison Co. Exempt, Rev., 1.35%, 08/01/2029 |
|
|
3,450 |
|
|
|
3,069 |
|
| Michigan Strategic Fund, Detroit Edison Company, Rev., 1.45%, 09/01/2030 |
|
|
810 |
|
|
|
699 |
|
| Michigan Strategic Fund, Green Bond Recycling, Rev., AMT, 4.00%, 10/01/2061 (z) |
|
|
1,685 |
|
|
|
1,694 |
|
| Okemos Public Schools, Series II, GO, Q-SBLF, 5.00%, 05/01/2046 |
|
|
1,200 |
|
|
|
1,321 |
|
| State of Michigan Trunk Line Revenue, State Trunk Line Fund Bonds, Rev., 4.00%, 11/15/2037 |
|
|
2,015 |
|
|
|
2,100 |
|
| State of Michigan Trunk Line Revenue, State Trunkline Fund Bonds, Series A, Rev., 4.00%, 11/15/2046 |
|
|
8,125 |
|
|
|
8,115 |
|
| State of Michigan, Environmental Program Bonds, Series A, GO, 5.00%, 05/15/2030 |
|
|
400 |
|
|
|
453 |
|
| State of Michigan, Gans Garvee, Rev., GAN, 5.00%, 03/15/2027 |
|
|
2,000 |
|
|
|
2,122 |
|
| Troy School District, GO, Q-SBLF, 5.00%, 05/01/2039 |
|
|
1,025 |
|
|
|
1,159 |
|
| Wayne County Airport Authority, Series F, Rev., AMT, 5.00%, 12/01/2034 |
|
|
1,470 |
|
|
|
1,492 |
|
| Wayne County Airport Authority, Detroit Metropolitan Wayne County Airport, Series B, Rev., BAM, 5.00%, 12/01/2039 |
|
|
3,000 |
|
|
|
3,004 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
193,343 |
|
|
|
|
|
|
|
|
|
|
| Minnesota — 1.1% |
|
|
|
|
|
|
|
|
| Brainerd Independent School District No. 181, GO, 4.00%, 02/01/2039 |
|
|
6,760 |
|
|
|
6,833 |
|
| City of Minneapolis, Allina Health System, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/15/2052 (z) |
|
|
1,000 |
|
|
|
1,078 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Minnesota — continued |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 11/15/2053 (z) |
|
|
2,650 |
|
|
|
2,899 |
|
| City of Minneapolis, Fairview Health Services, Series A, Rev., 4.00%, 11/15/2048 |
|
|
4,120 |
|
|
|
3,800 |
|
| County of Hennepin, Series C, GO, 5.00%, 12/15/2032 |
|
|
1,500 |
|
|
|
1,672 |
|
| Duluth Economic Development Authority, Essentia Health Obligation Group, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/15/2048 |
|
|
3,000 |
|
|
|
3,071 |
|
| Rev., 5.25%, 02/15/2058 |
|
|
1,000 |
|
|
|
1,029 |
|
| Housing & Redevelopment Authority of The City of St. Paul Minnesota, Fairview Health Services, Series A, Rev., 5.00%, 11/15/2047 |
|
|
9,000 |
|
|
|
9,151 |
|
| Housing & Redevelopment Authority of The City of St. Paul Minnesota, Hope Community Academy Project, Series A, Rev., 5.00%, 12/01/2043 |
|
|
1,000 |
|
|
|
806 |
|
| Housing & Redevelopment Authority of The City of St. Paul Minnesota, System Fairview Health Services, Series 2015, Rev., AGM-CR, 5.00%, 11/15/2047 |
|
|
4,500 |
|
|
|
4,612 |
|
| Minneapolis St. Paul Metropolitan Airports Commission, Subordinate, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 01/01/2034 |
|
|
1,345 |
|
|
|
1,470 |
|
| Series B, Rev., AMT, 5.25%, 01/01/2047 |
|
|
1,845 |
|
|
|
1,988 |
|
| Minneapolis-St Paul Metropolitan Airports Commission, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 01/01/2035 |
|
|
5,000 |
|
|
|
5,553 |
|
| Rev., AMT, 5.00%, 01/01/2038 |
|
|
5,000 |
|
|
|
5,484 |
|
| Rev., AMT, 5.00%, 01/01/2040 |
|
|
1,800 |
|
|
|
1,944 |
|
| Rev., AMT, 5.25%, 01/01/2049 |
|
|
6,000 |
|
|
|
6,544 |
|
| Minnesota Agricultural & Economic Development Board, Healthpartners Obligated Group, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 01/01/2047 |
|
|
5,000 |
|
|
|
5,580 |
|
| Rev., 5.25%, 01/01/2054 |
|
|
5,000 |
|
|
|
5,510 |
|
| Minnesota Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 01/01/2055 |
|
|
3,310 |
|
|
|
3,783 |
|
| Series B, Rev., GNMA/FNMA/FHLMC, 2.63%, 01/01/2040 |
|
|
1,920 |
|
|
|
1,618 |
|
| Series B, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2051 |
|
|
845 |
|
|
|
832 |
|
| Series C, Rev., 5.00%, 08/01/2032 |
|
|
2,365 |
|
|
|
2,670 |
|
| Series D, Rev., GNMA/FNMA/FHLMC, 3.00%, 01/01/2052 |
|
|
1,420 |
|
|
|
1,396 |
|
| Series G, Rev., GNMA/FNMA/FHLMC, 3.00%, 01/01/2051 |
|
|
2,600 |
|
|
|
2,570 |
|
| Series I, Rev., GNMA/FNMA/FHLMC, 2.80%, 12/01/2047 |
|
|
303 |
|
|
|
252 |
|
| Series I, Rev., 3.00%, 01/01/2051 |
|
|
1,430 |
|
|
|
1,413 |
|
| Minnesota Housing Finance Agency, Social Bond, Series H, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2052 |
|
|
350 |
|
|
|
345 |
|
| Minnesota Housing Finance Agency, Social Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2052 |
|
|
1,045 |
|
|
|
1,029 |
|
| Series F, Rev., GNMA/FNMA/FHLMC, 3.00%, 07/01/2052 |
|
|
205 |
|
|
|
202 |
|
| Series F, Rev., GNMA/FNMA/FHLMC, 5.75%, 07/01/2053 |
|
|
385 |
|
|
|
416 |
|
| Minnesota Housing Finance Agency, State Appropriation Bond Housing, Rev., 5.00%, 08/01/2029 |
|
|
1,245 |
|
|
|
1,378 |
|
| Minnesota Housing Finance Agency, Sustainable Bonds, Series R, Rev., GNMA/FNMA/FHLMC, 6.25%, 07/01/2054 |
|
|
4,980 |
|
|
|
5,514 |
|
| Minnesota Municipal Gas Agency, Series A, Rev., LIQ: Royal Bank of Canada, 4.00%, 12/01/2052 (z) |
|
|
2,910 |
|
|
|
2,949 |
|
| Minnesota Office of Higher Education, Supplemental Student Loan, Rev., AMT, 4.00%, 11/01/2037 |
|
|
665 |
|
|
|
666 |
|
| St. Paul Port Authority, Solid Gerdau St. Paul Steel Mill Project, Rev., AMT, 4.50%, 10/01/2037 (e) |
|
|
4,600 |
|
|
|
4,567 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Minnesota — continued |
|
|
|
|
|
|
|
|
| State of Minnesota, |
|
|
|
|
|
|
|
|
| Series A, GO, 4.00%, 09/01/2037 |
|
|
690 |
|
|
|
734 |
|
| Series A, GO, 5.00%, 08/01/2026 |
|
|
250 |
|
|
|
262 |
|
| Series A, GO, 5.00%, 10/01/2029 |
|
|
45 |
|
|
|
48 |
|
| Series A, GO, 5.00%, 10/01/2032 |
|
|
1,000 |
|
|
|
1,070 |
|
| Series A, GO, 5.00%, 08/01/2033 |
|
|
3,375 |
|
|
|
3,689 |
|
| Series A, GO, 5.00%, 08/01/2034 |
|
|
2,000 |
|
|
|
2,173 |
|
| Series E, GO, 3.00%, 08/01/2026 |
|
|
710 |
|
|
|
712 |
|
| University of Minnesota, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 01/01/2040 |
|
|
405 |
|
|
|
466 |
|
| Series A, Rev., 5.00%, 01/01/2041 |
|
|
2,500 |
|
|
|
2,859 |
|
| Series A, Rev., 5.00%, 01/01/2042 |
|
|
2,750 |
|
|
|
3,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,769 |
|
|
|
|
|
|
|
|
|
|
| Mississippi — 0.0% (g) |
|
|
|
|
|
|
|
|
| Mississippi Business Finance Corp., System Energy Resources, Inc. Project, Rev., 2.38%, 06/01/2044 |
|
|
175 |
|
|
|
116 |
|
| Mississippi Development Bank, Hinds County School District Project, Rev., 5.00%, 03/01/2048 |
|
|
1,360 |
|
|
|
1,402 |
|
| Mississippi Home Corp., Social Bond, Series C, Rev., GNMA/FNMA/FHLMC COLL, 5.00%, 12/01/2052 |
|
|
170 |
|
|
|
178 |
|
| Mississippi Hospital Equipment & Facilities Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 09/01/2036 |
|
|
1,250 |
|
|
|
1,268 |
|
| Rev., 5.00%, 09/01/2046 |
|
|
1,500 |
|
|
|
1,509 |
|
| Mississippi Hospital Equipment & Facilities Authority, Baptist Memorial Health Care, Rev., 5.00%, 09/01/2044 (z) |
|
|
250 |
|
|
|
252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,725 |
|
|
|
|
|
|
|
|
|
|
| Missouri — 0.7% |
|
|
|
|
|
|
|
|
| Cape Girardeau County Industrial Development Authority, Rev., 4.00%, 06/01/2043 |
|
|
5,305 |
|
|
|
5,287 |
|
| Cape Girardeau County Industrial Development Authority, Southeasthealth, Rev., 4.00%, 03/01/2041 |
|
|
870 |
|
|
|
877 |
|
| City of Kansas City Sanitary Sewer System Revenue, Series A, Rev., 5.00%, 01/01/2041 |
|
|
1,000 |
|
|
|
1,125 |
|
| City of St Louis MO Airport Revenue, Rev., AGM, 5.00%, 07/01/2032 |
|
|
1,000 |
|
|
|
1,148 |
|
| Curators of the University of Missouri (The), Series A, Rev., 4.00%, 11/01/2034 |
|
|
2,500 |
|
|
|
2,501 |
|
| Health & Educational Facilities Authority of the State of Missouri, Series C, Rev., 5.00%, 05/01/2052 (z) |
|
|
2,695 |
|
|
|
2,902 |
|
| Health & Educational Facilities Authority of the State of Missouri, Luke’s Health System, Rev., 4.00%, 11/15/2038 |
|
|
2,000 |
|
|
|
2,036 |
|
| Health & Educational Facilities Authority of the State of Missouri, Lutheran Senior Service Projects, Series A, Rev., 5.00%, 02/01/2029 |
|
|
1,410 |
|
|
|
1,468 |
|
| Health & Educational Facilities Authority of the State of Missouri, Lutheran Senior Services, Rev., 4.00%, 02/01/2034 |
|
|
500 |
|
|
|
512 |
|
| Kansas City Industrial Development Authority, Rev., AMT, 5.00%, 03/01/2032 |
|
|
900 |
|
|
|
964 |
|
| Kansas City Industrial Development Authority, Kansas City International Airport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 03/01/2036 |
|
|
1,250 |
|
|
|
1,265 |
|
| Rev., AMT, 5.00%, 03/01/2029 |
|
|
3,050 |
|
|
|
3,267 |
|
| Rev., AMT, 5.00%, 03/01/2038 |
|
|
2,480 |
|
|
|
2,588 |
|
| Kansas City Industrial Development Authority, Kansas City International Airport, Rev., AMT, 5.00%, 03/01/2044 |
|
|
5,000 |
|
|
|
5,184 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Missouri — continued |
|
|
|
|
|
|
|
|
| Kansas City Planned Industrial Expansion Authority, The Depot On Old Santa Fe, Rev., 5.00%, 07/01/2045 (z) |
|
|
5,722 |
|
|
|
5,975 |
|
| Missouri Development Finance Board, Procter & Gamble Paper Products, Rev., AMT, 5.20%, 03/15/2029 |
|
|
370 |
|
|
|
402 |
|
| Missouri Housing Development Commission, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 4.45%, 11/01/2044 |
|
|
4,445 |
|
|
|
4,502 |
|
| Rev., GNMA/FNMA/FHLMC, 4.55%, 11/01/2044 |
|
|
1,000 |
|
|
|
1,022 |
|
| Rev., GNMA/FNMA/FHLMC, 6.00%, 05/01/2055 |
|
|
10,345 |
|
|
|
11,664 |
|
| Missouri Housing Development Commission, First Place Homeownership Loan, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 3.00%, 05/01/2052 |
|
|
3,360 |
|
|
|
3,315 |
|
| Rev., GNMA/FNMA/FHLMC, 3.25%, 11/01/2052 |
|
|
370 |
|
|
|
368 |
|
| Rev., GNMA/FNMA/FHLMC, 4.45%, 11/01/2044 |
|
|
1,745 |
|
|
|
1,767 |
|
| Rev., GNMA/FNMA/FHLMC, 5.75%, 05/01/2055 |
|
|
2,885 |
|
|
|
3,180 |
|
| Rev., GNMA/FNMA/FHLMC, 6.50%, 05/01/2054 |
|
|
2,665 |
|
|
|
3,047 |
|
| Series D, Rev., GNMA/FNMA/FHLMC, 3.25%, 05/01/2051 |
|
|
5 |
|
|
|
5 |
|
| Missouri State Environmental Improvement & Energy Resources Authority, Union Electric Company Project, Series AR, Rev., 2.90%, 09/01/2033 |
|
|
2,000 |
|
|
|
1,842 |
|
| Plaza at Noah’s Ark Community Improvement District, Rev., 3.00%, 05/01/2030 |
|
|
575 |
|
|
|
547 |
|
| St. Louis Municipal Finance Corp., Convention Center Expansion, Rev., AGM, 5.00%, 10/01/2045 |
|
|
3,215 |
|
|
|
3,388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
72,148 |
|
|
|
|
|
|
|
|
|
|
| Montana — 0.1% |
|
|
|
|
|
|
|
|
| City of Forsyth, Northwestern Corp. Colstrip, Rev., 3.88%, 07/01/2028 |
|
|
3,275 |
|
|
|
3,362 |
|
| Montana Board of Housing, |
|
|
|
|
|
|
|
|
| Rev., 3.00%, 12/01/2050 |
|
|
2,310 |
|
|
|
2,282 |
|
| Rev., 4.60%, 12/01/2049 |
|
|
2,785 |
|
|
|
2,816 |
|
| Rev., 6.00%, 12/01/2054 |
|
|
410 |
|
|
|
455 |
|
| Series A, Rev., 3.00%, 06/01/2052 |
|
|
330 |
|
|
|
325 |
|
| Series B2, Rev., AMT, 3.50%, 12/01/2042 |
|
|
150 |
|
|
|
149 |
|
| Series B, Rev., 3.00%, 12/01/2051 |
|
|
1,015 |
|
|
|
1,001 |
|
| Series C, Rev., 6.25%, 06/01/2054 |
|
|
1,440 |
|
|
|
1,596 |
|
| Montana Facility Finance Authority, Rev., 5.00%, 02/15/2033 |
|
|
1,000 |
|
|
|
1,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,020 |
|
|
|
|
|
|
|
|
|
|
| Nebraska — 0.4% |
|
|
|
|
|
|
|
|
| Central Plains Energy Project, |
|
|
|
|
|
|
|
|
| Rev., LIQ: Royal Bank of Canada, 4.00%, 12/01/2049 (z) |
|
|
15,845 |
|
|
|
15,921 |
|
| Series 1, Rev., 5.00%, 05/01/2053 (z) |
|
|
3,915 |
|
|
|
4,176 |
|
| County of Douglas, Creighton University Project, Rev., (SIFMA Municipal Swap Index + 0.53%), 3.68%, 07/01/2035 (aa) |
|
|
2,185 |
|
|
|
2,172 |
|
| County of Washington, Cargill, Inc. Project, Rev., AMT, 0.90%, 09/01/2030 (z) |
|
|
350 |
|
|
|
343 |
|
| Douglas County Hospital Authority No. 2, Children’s Hospital Obligation, Rev., 4.00%, 11/15/2038 |
|
|
1,125 |
|
|
|
1,138 |
|
| Douglas County Hospital Authority No. 2, Health Facilities Children’s Hospital, Rev., 5.00%, 11/15/2047 |
|
|
3,000 |
|
|
|
3,057 |
|
| Douglas County Hospital Authority No. 2, Madonna Rehabilitation Hospital, Rev., 4.00%, 05/15/2033 |
|
|
2,100 |
|
|
|
2,019 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Nebraska — continued |
|
|
|
|
|
|
|
|
| Douglas County, Hospital Authority No. 2, Children’s Hospital Obligated Group, Rev., 5.00%, 11/15/2053 (z) |
|
|
2,190 |
|
|
|
2,219 |
|
| Nebraska Educational Health Cultural & Social Services Finance Authority, Rev., 4.00%, 01/01/2044 |
|
|
500 |
|
|
|
473 |
|
| Nebraska Educational Health Cultural & Social Services Finance Authority, Immanuel Obligated Group, Rev., 4.00%, 01/01/2037 |
|
|
1,000 |
|
|
|
998 |
|
| Nebraska Public Power District, Series A, Rev., 5.00%, 07/01/2028 |
|
|
300 |
|
|
|
324 |
|
| Omaha Public Power District, Rev., 5.00%, 02/01/2038 |
|
|
5,505 |
|
|
|
6,353 |
|
| Omaha School District, GO, 4.00%, 12/15/2038 |
|
|
5,000 |
|
|
|
5,000 |
|
| University of Nebraska Lincoln Student, Rev., 3.00%, 07/01/2035 (p) |
|
|
1,030 |
|
|
|
1,039 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45,232 |
|
|
|
|
|
|
|
|
|
|
| Nevada — 0.9% |
|
|
|
|
|
|
|
|
| City of Carson City, Carson Tahoe Regional Medical Center, Rev., 5.00%, 09/01/2047 |
|
|
1,000 |
|
|
|
1,015 |
|
| City of Henderson, Series A1, GO, 4.00%, 06/01/2045 |
|
|
2,000 |
|
|
|
2,014 |
|
| City of Las Vegas Special Improvement District No. 612 Skye Hills, Special Assessment, 3.50%, 06/01/2035 |
|
|
205 |
|
|
|
187 |
|
| City of Las Vegas Special Improvement District No. 817 Summerlin Village 29, Special Improvement No. 817, Summerlin Village, |
|
|
|
|
|
|
|
|
| Special Assessment, 5.50%, 06/01/2038 |
|
|
400 |
|
|
|
427 |
|
| Special Assessment, 5.75%, 06/01/2043 |
|
|
500 |
|
|
|
529 |
|
| City of North Las Vegas, GO, BAM, 5.00%, 06/01/2027 |
|
|
2,000 |
|
|
|
2,128 |
|
| Clark County School District, |
|
|
|
|
|
|
|
|
| Series A, GO, AGM, 4.00%, 06/15/2040 |
|
|
1,375 |
|
|
|
1,399 |
|
| Series B, GO, 5.00%, 06/15/2030 |
|
|
1,445 |
|
|
|
1,628 |
|
| Series C, GO, 5.00%, 06/15/2026 |
|
|
1,250 |
|
|
|
1,301 |
|
| Clark County School District, Building, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 06/15/2029 |
|
|
500 |
|
|
|
543 |
|
| Series B, GO, AGM-CR, 5.00%, 06/15/2033 |
|
|
3,000 |
|
|
|
3,232 |
|
| County of Clark, GO, 4.00%, 06/01/2038 |
|
|
4,300 |
|
|
|
4,329 |
|
| County of Clark Department of Aviation, Airport Systems, Subordinate, Rev., 5.00%, 07/01/2033 |
|
|
1,010 |
|
|
|
1,147 |
|
| County of Clark Department of Aviation, Jet Aviation Fuel Tax, Rev., AMT, 5.00%, 07/01/2025 |
|
|
1,625 |
|
|
|
1,645 |
|
| County of Clark Department of Aviation, Subordinate, Series B, Rev., AMT, 5.00%, 07/01/2027 |
|
|
6,000 |
|
|
|
6,295 |
|
| County of Clark Department of Aviation, System Senior, Series A, Rev., 5.00%, 07/01/2040 |
|
|
4,000 |
|
|
|
4,037 |
|
| County of Clark Passenger Facility Charge Revenue, McCarran International, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2029 |
|
|
5,000 |
|
|
|
5,558 |
|
| Rev., 5.00%, 07/01/2031 |
|
|
1,950 |
|
|
|
2,138 |
|
| Rev., 5.00%, 07/01/2032 |
|
|
2,385 |
|
|
|
2,609 |
|
| County of Clark, Detention Center, GO, 4.00%, 06/01/2034 |
|
|
3,335 |
|
|
|
3,457 |
|
| County of Clark, Passenger Facility Charge Revenue, Las Vegas McCarran International Airport, Rev., 5.00%, 07/01/2030 |
|
|
1,425 |
|
|
|
1,571 |
|
| County of Clark, Southern CA Edison Company, Rev., 2.10%, 06/01/2031 |
|
|
1,000 |
|
|
|
891 |
|
| County of Clark, Streets and Highway Project, Rev., 4.00%, 07/01/2043 |
|
|
4,465 |
|
|
|
4,532 |
|
| County of Washoe, Sierra Pacific Power Company, Rev., AMT, 4.13%, 03/01/2036 (z) |
|
|
9,000 |
|
|
|
9,134 |
|
| Las Vegas Convention & Visitors Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2027 |
|
|
900 |
|
|
|
959 |
|
| Series A, Rev., 5.00%, 07/01/2028 |
|
|
1,250 |
|
|
|
1,361 |
|
| Series A, Rev., 5.00%, 07/01/2040 |
|
|
250 |
|
|
|
279 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Nevada — continued |
|
|
|
|
|
|
|
|
| Series B, Rev., 4.00%, 07/01/2049 |
|
|
10,765 |
|
|
|
10,273 |
|
| Series B, Rev., 5.00%, 07/01/2029 |
|
|
1,345 |
|
|
|
1,490 |
|
| Series B, Rev., 5.00%, 07/01/2034 |
|
|
1,275 |
|
|
|
1,452 |
|
| Series B, Rev., 5.00%, 07/01/2038 |
|
|
1,000 |
|
|
|
1,118 |
|
| Series B, Rev., 5.00%, 07/01/2043 |
|
|
5,150 |
|
|
|
5,393 |
|
| Las Vegas Valley Water District, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 06/01/2026 |
|
|
1,500 |
|
|
|
1,562 |
|
| Series D, GO, 5.00%, 06/01/2027 |
|
|
2,025 |
|
|
|
2,161 |
|
| Las Vegas Valley Water District, Water Improvement, Series A, GO, 5.00%, 06/01/2046 |
|
|
5,000 |
|
|
|
5,107 |
|
| State of Nevada Department of Business & Industry, Republic Services Project, Rev., AMT, 4.15%, 12/01/2026 (e) (z) |
|
|
1,000 |
|
|
|
1,001 |
|
| Truckee Meadows Water Authority, Rev., 5.00%, 07/01/2034 |
|
|
2,000 |
|
|
|
2,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
96,286 |
|
|
|
|
|
|
|
|
|
|
| New Hampshire — 0.4% |
|
|
|
|
|
|
|
|
| New Hampshire Business Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., 3.63%, 08/20/2039 |
|
|
10,554 |
|
|
|
10,110 |
|
| Rev., 4.13%, 01/20/2034 |
|
|
2,966 |
|
|
|
3,011 |
|
| Rev., 4.25%, 07/20/2041 |
|
|
5,098 |
|
|
|
5,126 |
|
| Rev., 4.38%, 09/20/2036 |
|
|
645 |
|
|
|
663 |
|
| New Hampshire Business Finance Authority, Caritas Oregon Project, Series A, Rev., 4.13%, 08/15/2040 (e) |
|
|
2,000 |
|
|
|
1,831 |
|
| New Hampshire Business Finance Authority, Presbyterian Senior Living Project, Rev., 5.25%, 07/01/2048 |
|
|
750 |
|
|
|
803 |
|
| New Hampshire Business Finance Authority, Saint Luke’s University Health, Rev., 4.00%, 08/15/2036 |
|
|
720 |
|
|
|
730 |
|
| New Hampshire Business Finance Authority, Springpoint Senior Living, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 01/01/2026 |
|
|
270 |
|
|
|
270 |
|
| Rev., 4.00%, 01/01/2027 |
|
|
250 |
|
|
|
250 |
|
| Rev., 4.00%, 01/01/2028 |
|
|
290 |
|
|
|
290 |
|
| Rev., 4.00%, 01/01/2029 |
|
|
300 |
|
|
|
300 |
|
| Rev., 4.00%, 01/01/2030 |
|
|
280 |
|
|
|
279 |
|
| Rev., 4.00%, 01/01/2031 |
|
|
580 |
|
|
|
578 |
|
| New Hampshire Business Finance Authority, Sustainable Bond, Series B, Rev., AMT, 3.75%, 07/01/2045 (e) (z) |
|
|
3,000 |
|
|
|
2,592 |
|
| New Hampshire Business Finance Authority, Sustainable Certificates, Series 2, Rev., 3.88%, 01/20/2038 |
|
|
1,234 |
|
|
|
1,215 |
|
| New Hampshire Business Finance Authority, Taxable Virginia Birmingham Care Center, Rev., 3.78%, 01/01/2036 |
|
|
2,000 |
|
|
|
1,698 |
|
| New Hampshire Business Finance Authority, University of Nevada, Reno Project, Rev., BAM, 5.25%, 06/01/2051 |
|
|
1,875 |
|
|
|
2,055 |
|
| New Hampshire Health and Education Facilities Authority Act, |
|
|
|
|
|
|
|
|
| Rev., 3.30%, 06/01/2040 (z) |
|
|
2,500 |
|
|
|
2,528 |
|
| Rev., 4.00%, 08/01/2043 |
|
|
5,000 |
|
|
|
4,820 |
|
| Series B, Rev., AMT, 5.00%, 11/01/2043 |
|
|
1,430 |
|
|
|
1,519 |
|
| New Hampshire Health and Education Facilities Authority Act, Dartmouth Hitchcock Obligation, Rev., BAM, 4.00%, 08/01/2033 |
|
|
5,000 |
|
|
|
5,000 |
|
| New Hampshire Housing Finance Authority, Social Bonds, Series A, Rev., GNMA/FNMA/FHLMC COLL, 6.00%, 07/01/2053 |
|
|
430 |
|
|
|
466 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New Hampshire — continued |
|
|
|
|
|
|
|
|
| New Hampshire Housing Finance Authority, Sustainable Bonds, Series D, Rev., GNMA/FNMA/FHLMC, 6.50%, 07/01/2055 |
|
|
2,090 |
|
|
|
2,337 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
48,471 |
|
|
|
|
|
|
|
|
|
|
| New Jersey — 2.4% |
|
|
|
|
|
|
|
|
| Camden County Improvement Authority, Social Bonds, KIPP Cooper Norcross Academy, |
|
|
|
|
|
|
|
|
| Rev., 6.00%, 06/15/2042 |
|
|
530 |
|
|
|
584 |
|
| Rev., 6.00%, 06/15/2047 |
|
|
1,000 |
|
|
|
1,093 |
|
| City of Bayonne, Qualified General Improvement, GO, BAM, 5.00%, 07/01/2034 (p) |
|
|
1,000 |
|
|
|
1,043 |
|
| City of Newark, Series A, GO, AGM, 5.00%, 10/01/2028 |
|
|
750 |
|
|
|
815 |
|
| Garden State Preservation Trust, Capital Appreciation, Series B, Rev., AGM, Zero Coupon, 11/01/2026 |
|
|
1,000 |
|
|
|
942 |
|
| Gloucester County Improvement Authority, The Rowan University Fossil Park, |
|
|
|
|
|
|
|
|
| Rev., BAM, 4.00%, 07/01/2046 |
|
|
725 |
|
|
|
726 |
|
| Rev., BAM, 4.00%, 07/01/2051 |
|
|
1,000 |
|
|
|
987 |
|
| Jersey City Municipal Utilities Authority, Sewer Project Notes, Series B, Rev., 5.00%, 05/01/2025 |
|
|
210 |
|
|
|
212 |
|
| Jersey City Municipal Utilities Authority, Water Project Notes, Series A, Rev., 5.00%, 05/01/2025 |
|
|
170 |
|
|
|
172 |
|
| New Brunswick Parking Authority, City Guaranteed Parking, Series A, Rev., BAM, 5.00%, 09/01/2026 |
|
|
1,000 |
|
|
|
1,046 |
|
| New Jersey Economic Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 03/01/2028 |
|
|
785 |
|
|
|
849 |
|
| Series A, Rev., 5.00%, 11/01/2027 |
|
|
2,500 |
|
|
|
2,679 |
|
| Series AAA, Rev., 5.00%, 06/15/2036 (p) |
|
|
1,000 |
|
|
|
1,057 |
|
| Series AAA, Rev., 5.00%, 06/15/2041 (p) |
|
|
500 |
|
|
|
528 |
|
| Series AAA, Rev., 5.50%, 06/15/2028 |
|
|
5,000 |
|
|
|
5,263 |
|
| Series AAA, Rev., 5.50%, 06/15/2032 (p) |
|
|
2,000 |
|
|
|
2,135 |
|
| Series BBB, Rev., 5.50%, 06/15/2030 (p) |
|
|
1,225 |
|
|
|
1,308 |
|
| Series DDD, Rev., 5.00%, 06/15/2031 (p) |
|
|
2,000 |
|
|
|
2,141 |
|
| Series WW, Rev., 5.00%, 06/15/2034 (p) |
|
|
1,500 |
|
|
|
1,522 |
|
| Series WW, Rev., 5.25%, 06/15/2030 (p) |
|
|
1,000 |
|
|
|
1,017 |
|
| New Jersey Economic Development Authority, Higher Education Capital Improvement Fund, Series A, Rev., 5.00%, 09/01/2025 |
|
|
245 |
|
|
|
245 |
|
| New Jersey Economic Development Authority, Middlesex Water Company, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 08/01/2059 |
|
|
4,200 |
|
|
|
3,889 |
|
| Rev., AMT, 5.00%, 08/01/2059 |
|
|
3,000 |
|
|
|
3,095 |
|
| New Jersey Economic Development Authority, New Jersey American Water Company, Inc., |
|
|
|
|
|
|
|
|
| Rev., AMT, 1.10%, 11/01/2029 (z) |
|
|
2,610 |
|
|
|
2,365 |
|
| Series E, Rev., AMT, 0.85%, 12/01/2025 |
|
|
1,940 |
|
|
|
1,857 |
|
| New Jersey Economic Development Authority, Port Newark Container, Rev., AMT, 5.00%, 10/01/2037 |
|
|
1,000 |
|
|
|
1,036 |
|
| New Jersey Economic Development Authority, Portal North Bridge NJ Transit, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/01/2038 |
|
|
5,345 |
|
|
|
5,987 |
|
| Rev., 5.00%, 11/01/2052 |
|
|
6,190 |
|
|
|
6,662 |
|
| Rev., 5.25%, 11/01/2041 |
|
|
6,000 |
|
|
|
6,735 |
|
| New Jersey Economic Development Authority, School Facilities Construction, |
|
|
|
|
|
|
|
|
| Series EEE, Rev., 5.00%, 06/15/2032 |
|
|
1,500 |
|
|
|
1,615 |
|
| Series GGG, Rev., 5.25%, 09/01/2026 (e) |
|
|
8,000 |
|
|
|
8,398 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New Jersey — continued |
|
|
|
|
|
|
|
|
| New Jersey Economic Development Authority, Self Designated Social Bonds, |
|
|
|
|
|
|
|
|
| Series QQQ, Rev., 5.00%, 06/15/2026 |
|
|
555 |
|
|
|
577 |
|
| Series QQQ, Rev., 5.00%, 06/15/2027 |
|
|
410 |
|
|
|
436 |
|
| Series QQQ, Rev., 5.00%, 06/15/2028 |
|
|
400 |
|
|
|
434 |
|
| New Jersey Economic Development Authority, State House Project, |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 06/15/2027 |
|
|
10,690 |
|
|
|
11,360 |
|
| Series B, Rev., 5.00%, 06/15/2028 |
|
|
8,635 |
|
|
|
9,364 |
|
| New Jersey Economic Development Authority, Sustainable Bonds, Series QQQ, Rev., 4.00%, 06/15/2037 |
|
|
2,400 |
|
|
|
2,455 |
|
| New Jersey Educational Facilities Authority, Higher Education Capital Improvement Fund Issue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 09/01/2038 |
|
|
1,000 |
|
|
|
1,130 |
|
| Rev., 5.00%, 09/01/2040 |
|
|
2,200 |
|
|
|
2,461 |
|
| New Jersey Educational Facilities Authority, Montclair State University, Series D, Rev., 5.00%, 07/01/2028 |
|
|
2,000 |
|
|
|
2,030 |
|
| New Jersey Educational Facilities Authority, Princeton University, Series I, Rev., 5.00%, 07/01/2036 |
|
|
1,015 |
|
|
|
1,069 |
|
| New Jersey Educational Facilities Authority, Princeton University Revenue, Rev., 5.00%, 03/01/2044 |
|
|
2,250 |
|
|
|
2,574 |
|
| New Jersey Educational Facilities Authority, Ramapo College of New Jersey, Series A, Rev., AGM, 5.00%, 07/01/2035 |
|
|
200 |
|
|
|
228 |
|
| New Jersey Health Care Facilities Financing Authority, Rev., 5.00%, 07/01/2036 |
|
|
7,500 |
|
|
|
8,761 |
|
| New Jersey Health Care Facilities Financing Authority, Atlanticare Health System Obligated, Rev., 5.00%, 07/01/2032 |
|
|
2,070 |
|
|
|
2,312 |
|
| New Jersey Health Care Facilities Financing Authority, Atlanticare Health System Obligation, Rev., 3.00%, 07/01/2051 |
|
|
1,715 |
|
|
|
1,367 |
|
| New Jersey Health Care Facilities Financing Authority, RWJ Barnabas Health Obligated Group, |
|
|
|
|
|
|
|
|
| Rev., 4.25%, 07/01/2054 |
|
|
1,875 |
|
|
|
1,920 |
|
| Rev., 5.25%, 07/01/2044 |
|
|
8,780 |
|
|
|
10,045 |
|
| New Jersey Higher Education Student Assistance Authority, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 12/01/2024 |
|
|
570 |
|
|
|
571 |
|
| Series B, Rev., AMT, 5.00%, 12/01/2027 |
|
|
1,340 |
|
|
|
1,409 |
|
| Series B, Rev., AMT, 5.00%, 12/01/2028 |
|
|
1,480 |
|
|
|
1,576 |
|
| Series B, Rev., AMT, 5.00%, 12/01/2029 |
|
|
1,440 |
|
|
|
1,547 |
|
| New Jersey Higher Education Student Assistance Authority, Senior, |
|
|
|
|
|
|
|
|
| Series 2015-1A, Rev., AMT, 4.00%, 12/01/2030 |
|
|
755 |
|
|
|
750 |
|
| Series A, Rev., AMT, 3.50%, 12/01/2039 |
|
|
95 |
|
|
|
90 |
|
| Series B, Rev., AMT, 4.00%, 12/01/2041 |
|
|
720 |
|
|
|
723 |
|
| Series B, Rev., AMT, 4.00%, 12/01/2044 |
|
|
2,200 |
|
|
|
2,146 |
|
| Series B, Rev., AMT, 4.25%, 12/01/2045 |
|
|
3,880 |
|
|
|
3,961 |
|
| Series B, Rev., AMT, 5.00%, 12/01/2027 |
|
|
1,060 |
|
|
|
1,115 |
|
| New Jersey Higher Education Student Assistance Authority, Senior Bonds, Series B, Rev., AMT, 5.00%, 12/01/2024 |
|
|
300 |
|
|
|
301 |
|
| New Jersey Higher Education Student Assistance Authority, Subordinated, Series C, Rev., AMT, 4.00%, 12/01/2048 |
|
|
1,195 |
|
|
|
1,110 |
|
| New Jersey Housing & Mortgage Finance Agency, Series E, Rev., 3.50%, 04/01/2051 |
|
|
1,965 |
|
|
|
1,963 |
|
| New Jersey Housing & Mortgage Finance Agency, New Irvine Turner Apartments, Rev., HUD, 3.67%, 02/01/2026 |
|
|
550 |
|
|
|
552 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New Jersey — continued |
|
|
|
|
|
|
|
|
| New Jersey Housing & Mortgage Finance Agency, Social Bond, Rev., 5.00%, 10/01/2053 |
|
|
185 |
|
|
|
194 |
|
| New Jersey Housing & Mortgage Finance Agency, Social Bonds, Series H, Rev., 3.00%, 10/01/2052 |
|
|
725 |
|
|
|
713 |
|
| New Jersey Housing & Mortgage Finance Agency, Sustainable Bond, Series K, Rev., 4.55%, 10/01/2044 |
|
|
665 |
|
|
|
677 |
|
| New Jersey Transportation Trust Fund Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 06/15/2029 |
|
|
1,550 |
|
|
|
1,710 |
|
| Series A, Rev., 5.00%, 06/15/2030 |
|
|
3,000 |
|
|
|
3,357 |
|
| Series AA, Rev., 4.00%, 06/15/2040 |
|
|
3,750 |
|
|
|
3,821 |
|
| Series AA, Rev., 5.00%, 06/15/2029 |
|
|
1,000 |
|
|
|
1,103 |
|
| Series AA, Rev., 5.00%, 06/15/2035 |
|
|
3,000 |
|
|
|
3,395 |
|
| Series AA, Rev., 5.00%, 06/15/2045 |
|
|
660 |
|
|
|
708 |
|
| Series BB, Rev., 5.00%, 06/15/2032 |
|
|
2,000 |
|
|
|
2,162 |
|
| New Jersey Transportation Trust Fund Authority, Capital Appreciation, |
|
|
|
|
|
|
|
|
| Series A, Rev., BAM, TRAN, Zero Coupon, 12/15/2038 |
|
|
1,000 |
|
|
|
599 |
|
| Series C, Rev., AMBAC, TRAN, Zero Coupon, 12/15/2026 |
|
|
2,000 |
|
|
|
1,875 |
|
| New Jersey Transportation Trust Fund Authority, Program B, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/15/2037 |
|
|
2,000 |
|
|
|
2,258 |
|
| Rev., 5.25%, 06/15/2046 |
|
|
14,455 |
|
|
|
16,114 |
|
| New Jersey Transportation Trust Fund Authority, Transportation Program, |
|
|
|
|
|
|
|
|
| Series BB, Rev., 5.00%, 06/15/2036 |
|
|
3,000 |
|
|
|
3,447 |
|
| Series BB, Rev., 5.00%, 06/15/2037 |
|
|
2,745 |
|
|
|
3,138 |
|
| Series BB, Rev., 5.00%, 06/15/2038 |
|
|
4,000 |
|
|
|
4,551 |
|
| Series BB, Rev., 5.00%, 06/15/2040 |
|
|
8,120 |
|
|
|
9,134 |
|
| New Jersey Transportation Trust Fund Authority, Transportation Program Bonds, Rev., 5.00%, 06/15/2035 |
|
|
500 |
|
|
|
561 |
|
| New Jersey Transportation Trust Fund Authority, Transportation System, Series A, Rev., 5.00%, 06/15/2038 |
|
|
500 |
|
|
|
565 |
|
| New Jersey Transportation Trust Fund Authority, Transportation System Bond, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 12/15/2039 |
|
|
2,000 |
|
|
|
2,036 |
|
| Rev., 5.00%, 12/15/2028 |
|
|
1,000 |
|
|
|
1,094 |
|
| Rev., 5.00%, 12/15/2031 |
|
|
1,560 |
|
|
|
1,723 |
|
| New Jersey Turnpike Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2042 (w) |
|
|
10,000 |
|
|
|
11,290 |
|
| Series A, Rev., 4.00%, 01/01/2042 |
|
|
1,000 |
|
|
|
1,022 |
|
| Series B, Rev., 4.50%, 01/01/2048 |
|
|
1,750 |
|
|
|
1,819 |
|
| Series D, Rev., 5.00%, 01/01/2028 |
|
|
2,400 |
|
|
|
2,479 |
|
| Series E, Rev., 5.00%, 01/01/2032 |
|
|
7,000 |
|
|
|
7,025 |
|
| Newark Board of Education, Sustainability Bonds, |
|
|
|
|
|
|
|
|
| GO, BAM, 4.00%, 07/15/2034 |
|
|
400 |
|
|
|
421 |
|
| GO, BAM, 4.00%, 07/15/2035 |
|
|
410 |
|
|
|
429 |
|
| GO, BAM, 4.00%, 07/15/2036 |
|
|
425 |
|
|
|
442 |
|
| GO, BAM, 4.00%, 07/15/2037 |
|
|
430 |
|
|
|
447 |
|
| North Hudson Sewerage Authority, Senior Lien Lease Certificates, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 06/01/2039 |
|
|
1,100 |
|
|
|
1,290 |
|
| Rev., AGM, 5.00%, 06/01/2040 |
|
|
1,100 |
|
|
|
1,289 |
|
| Rev., AGM, 5.00%, 06/01/2041 |
|
|
1,000 |
|
|
|
1,170 |
|
| Rev., AGM, 5.00%, 06/01/2042 |
|
|
1,000 |
|
|
|
1,170 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New Jersey — continued |
|
|
|
|
|
|
|
|
| South Jersey Port Corp., Marine Terminal, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 01/01/2025 |
|
|
500 |
|
|
|
501 |
|
| Series B, Rev., AMT, 5.00%, 01/01/2026 |
|
|
1,015 |
|
|
|
1,036 |
|
| South Jersey Port Corp., Marine Terminal, Subordinated, Series B, Rev., AMT, 5.00%, 01/01/2037 |
|
|
1,000 |
|
|
|
1,042 |
|
| South Jersey Port Corp., Subordinate Marine Term, Series B, Rev., AMT, 5.00%, 01/01/2032 |
|
|
2,140 |
|
|
|
2,253 |
|
| South Jersey Port Corp., Subordinate, Marine Terminal, |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 01/01/2033 |
|
|
1,220 |
|
|
|
1,281 |
|
| Series B, Rev., AMT, 5.00%, 01/01/2034 |
|
|
1,250 |
|
|
|
1,310 |
|
| Series B, Rev., AMT, 5.00%, 01/01/2036 |
|
|
1,000 |
|
|
|
1,043 |
|
| South Jersey Transportation Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, 5.00%, 11/01/2030 |
|
|
500 |
|
|
|
547 |
|
| Series A, Rev., AGM, 5.00%, 11/01/2033 |
|
|
1,215 |
|
|
|
1,320 |
|
| Series A, Rev., BAM, 5.00%, 11/01/2041 |
|
|
2,925 |
|
|
|
3,176 |
|
| South Jersey Transportation Authority, Transportation System, Rev., BAM, 5.25%, 11/01/2052 |
|
|
3,100 |
|
|
|
3,393 |
|
| State of New Jersey, Covid-19 Emergency Bonds, General Obligations, |
|
|
|
|
|
|
|
|
| Series A, GO, 4.00%, 06/01/2030 |
|
|
2,000 |
|
|
|
2,154 |
|
| Series A, GO, 5.00%, 06/01/2028 |
|
|
4,245 |
|
|
|
4,627 |
|
| The Gloucester County Improvement Authority, Rowan University Project, Rev., BAM, 5.00%, 07/01/2044 |
|
|
900 |
|
|
|
987 |
|
| Tobacco Settlement Financing Corp., Series A, Rev., 5.00%, 06/01/2025 |
|
|
1,650 |
|
|
|
1,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
265,906 |
|
|
|
|
|
|
|
|
|
|
| New Mexico — 0.3% |
|
|
|
|
|
|
|
|
| City of Farmington NM, |
|
|
|
|
|
|
|
|
| Rev., 3.88%, 06/01/2040 (z) |
|
|
8,750 |
|
|
|
9,036 |
|
| City of Farmington, Four Corners Project, Rev., 1.80%, 04/01/2029 |
|
|
3,000 |
|
|
|
2,758 |
|
| City of Farmington, Public Service Company, San Juan, Rev., 3.90%, 06/01/2040 (z) |
|
|
1,000 |
|
|
|
1,029 |
|
| City of Farmington, San Juan and Four Corners, |
|
|
|
|
|
|
|
|
| Rev., 2.15%, 04/01/2033 |
|
|
4,890 |
|
|
|
4,068 |
|
| New Mexico Educational Assistance Foundation, Series 1A, Rev., AMT, 2.05%, 09/01/2051 |
|
|
170 |
|
|
|
152 |
|
| New Mexico Finance Authority, Senior Lien Public Project, Series C, Rev., 4.00%, 06/01/2028 |
|
|
1,070 |
|
|
|
1,094 |
|
| New Mexico Hospital Equipment Loan Council, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2030 |
|
|
1,050 |
|
|
|
1,134 |
|
| Rev., 5.00%, 06/01/2032 |
|
|
1,000 |
|
|
|
1,062 |
|
| New Mexico Hospital Equipment Loan Council, Presbyterian Healthcare, Rev., 4.00%, 08/01/2037 |
|
|
500 |
|
|
|
503 |
|
| New Mexico Mortgage Finance Authority, Series C, Rev., GNMA/FNMA/FHLMC, 4.70%, 09/01/2049 |
|
|
2,000 |
|
|
|
2,032 |
|
| New Mexico Mortgage Finance Authority, Single Family Mortgage Program, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC COLL, 5.75%, 03/01/2054 |
|
|
605 |
|
|
|
661 |
|
| Series C, Rev., GNMA/FNMA/FHLMC, 4.00%, 01/01/2049 |
|
|
130 |
|
|
|
131 |
|
| New Mexico Municipal Energy Acquisition Authority, Series A, Rev., LIQ: Royal Bank of Canada, 5.00%, 11/01/2039 (z) |
|
|
3,500 |
|
|
|
3,533 |
|
| Santa Fe Public School District, GO, 5.00%, 08/01/2029 |
|
|
1,375 |
|
|
|
1,488 |
|
| Winrock Town Center, Increment Development District No 1, Senior Lien, Tax Allocation, 4.25%, 05/01/2040 (e) |
|
|
1,750 |
|
|
|
1,682 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30,363 |
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — 12.1% |
|
|
|
|
|
|
|
|
| Battery Park City Authority, Series B, Rev., 5.00%, 11/01/2036 |
|
|
2,000 |
|
|
|
2,372 |
|
| Broome County, Local Development Corp., United Health Services Hospital, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 04/01/2039 |
|
|
2,750 |
|
|
|
2,775 |
|
| Rev., AGM, 5.00%, 04/01/2026 |
|
|
500 |
|
|
|
514 |
|
| Build NYC Resource Corp., Rev., 5.00%, 07/01/2026 |
|
|
325 |
|
|
|
329 |
|
| Build NYC Resource Corp., Family Life Academy Charter, Series A1, Rev., 5.25%, 06/01/2040 (e) |
|
|
1,220 |
|
|
|
1,224 |
|
| Build NYC Resource Corp., Family Life Academy Charter Project, Rev., 7.25%, 06/01/2055 (e) |
|
|
250 |
|
|
|
271 |
|
| Build NYC Resource Corp., Friends of Hellenic Classical, Series A, Rev., 4.00%, 12/01/2031 (e) |
|
|
700 |
|
|
|
675 |
|
| Build NYC Resource Corp., Grand Concourse Academy Charter School, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2042 |
|
|
555 |
|
|
|
573 |
|
| Rev., 5.00%, 07/01/2052 |
|
|
700 |
|
|
|
713 |
|
| City of Long Beach, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 09/01/2025 |
|
|
1,990 |
|
|
|
2,017 |
|
| Series A, GO, 5.00%, 09/01/2027 |
|
|
1,500 |
|
|
|
1,606 |
|
| City of New York, |
|
|
|
|
|
|
|
|
| Series 1I, GO, 5.00%, 03/01/2026 |
|
|
360 |
|
|
|
361 |
|
| Series A1, GO, 4.00%, 08/01/2034 |
|
|
3,000 |
|
|
|
3,152 |
|
| Series A1, GO, 4.00%, 08/01/2036 |
|
|
1,000 |
|
|
|
1,049 |
|
| Series A1, GO, 5.00%, 08/01/2029 |
|
|
2,900 |
|
|
|
3,235 |
|
| Series A1, GO, 5.00%, 09/01/2034 |
|
|
2,000 |
|
|
|
2,302 |
|
| Series A1, GO, 5.00%, 08/01/2041 |
|
|
3,000 |
|
|
|
3,212 |
|
| Series A1, GO, 5.25%, 09/01/2042 |
|
|
8,715 |
|
|
|
9,824 |
|
| Series B1, GO, 5.00%, 08/01/2031 |
|
|
1,000 |
|
|
|
1,144 |
|
| Series B1, GO, 5.00%, 10/01/2031 |
|
|
500 |
|
|
|
573 |
|
| Series B1, GO, 5.00%, 08/01/2035 |
|
|
90 |
|
|
|
103 |
|
| Series C1, GO, 5.00%, 08/01/2031 |
|
|
500 |
|
|
|
562 |
|
| Series C4, GO, AGM, 5.00%, 10/01/2027 |
|
|
5,000 |
|
|
|
5,382 |
|
| Series C, GO, 5.00%, 08/01/2027 |
|
|
2,000 |
|
|
|
2,142 |
|
| Series C, GO, 5.00%, 03/01/2042 |
|
|
1,340 |
|
|
|
1,508 |
|
| Series C, GO, 5.25%, 03/01/2053 |
|
|
30,140 |
|
|
|
33,553 |
|
| Series D1, GO, 5.00%, 12/01/2024 |
|
|
150 |
|
|
|
150 |
|
| Series D1, GO, 5.00%, 12/01/2031 |
|
|
1,380 |
|
|
|
1,501 |
|
| Series D1, GO, 5.00%, 12/01/2036 |
|
|
11,955 |
|
|
|
12,835 |
|
| Series E, GO, LOC: Bank of America NA, 3.90%, 08/01/2034 (z) |
|
|
15,000 |
|
|
|
15,000 |
|
| Series E, GO, 5.00%, 08/01/2028 |
|
|
1,625 |
|
|
|
1,778 |
|
| Series E, GO, 5.00%, 08/01/2033 |
|
|
2,000 |
|
|
|
2,171 |
|
| Series F1, GO, 3.00%, 03/01/2035 |
|
|
2,135 |
|
|
|
2,039 |
|
| Series F1, GO, 5.00%, 03/01/2043 |
|
|
1,000 |
|
|
|
1,086 |
|
| Series G6, GO, VRDO, LOC: Mizuho Bank Ltd., 3.75%, 10/01/2024 (z) |
|
|
10,000 |
|
|
|
10,000 |
|
| City of New York NY, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 08/01/2031 |
|
|
6,000 |
|
|
|
6,864 |
|
| GO, 5.00%, 09/01/2041 |
|
|
2,000 |
|
|
|
2,270 |
|
| City of New York, Fiscal 2001, |
|
|
|
|
|
|
|
|
| Series 2, GO, VRDO, 4.15%, 10/07/2024 (z) |
|
|
120 |
|
|
|
120 |
|
| Series 3, GO, VRDO, 4.15%, 10/01/2024 (z) |
|
|
1,590 |
|
|
|
1,590 |
|
| City of New York, Fiscal 2015, Series F4, GO, 5.00%, 06/01/2044 (z) |
|
|
125 |
|
|
|
127 |
|
| City of New York, Fiscal 2020, Series B1, GO, 5.00%, 10/01/2038 |
|
|
5,000 |
|
|
|
5,416 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| City of New York, Fiscal 2021, |
|
|
|
|
|
|
|
|
| Series C, GO, 4.00%, 08/01/2037 |
|
|
450 |
|
|
|
467 |
|
| Series C, GO, 5.00%, 08/01/2035 |
|
|
4,740 |
|
|
|
5,270 |
|
| City of New York, Fiscal 2022, |
|
|
|
|
|
|
|
|
| GO, 5.25%, 05/01/2039 |
|
|
200 |
|
|
|
227 |
|
| GO, 5.25%, 05/01/2041 |
|
|
2,000 |
|
|
|
2,252 |
|
| GO, 5.50%, 05/01/2044 |
|
|
1,000 |
|
|
|
1,133 |
|
| City of New York, Fiscal 2024, Series A, GO, 5.00%, 08/01/2028 |
|
|
360 |
|
|
|
394 |
|
| City of New York, Subordinated, |
|
|
|
|
|
|
|
|
| Series E1, GO, 4.00%, 04/01/2050 |
|
|
8,500 |
|
|
|
8,403 |
|
| Series F1, GO, 5.00%, 08/01/2025 |
|
|
390 |
|
|
|
397 |
|
| Series F1, GO, 5.00%, 08/01/2027 |
|
|
1,750 |
|
|
|
1,874 |
|
| Series F1, GO, 5.00%, 08/01/2028 |
|
|
350 |
|
|
|
383 |
|
| City of Yonkers, |
|
|
|
|
|
|
|
|
| Series F, GO, BAM, 5.00%, 11/15/2038 |
|
|
500 |
|
|
|
571 |
|
| Series F, GO, BAM, 5.00%, 11/15/2039 |
|
|
1,000 |
|
|
|
1,135 |
|
| County of Nassau, |
|
|
|
|
|
|
|
|
| Series A, GO, AGM, 4.00%, 04/01/2046 |
|
|
1,300 |
|
|
|
1,313 |
|
| Series B, GO, BAM, 5.00%, 10/01/2027 |
|
|
1,450 |
|
|
|
1,525 |
|
| Dutchess County, Local Development Corp., Health Quest System, Inc. Project, Series B, Rev., 5.00%, 07/01/2046 |
|
|
6,250 |
|
|
|
6,308 |
|
| Genesee County Funding Corp. (The), Rochester Regional Health Obligation, Rev., 5.25%, 12/01/2052 |
|
|
2,000 |
|
|
|
2,099 |
|
| Hempstead Town Local Development Corp., Evergreen Charter School Project, Series A, Rev., 5.25%, 06/15/2042 |
|
|
4,000 |
|
|
|
4,198 |
|
| Hudson Yards Infrastructure Corp., |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, 4.00%, 02/15/2047 |
|
|
9,335 |
|
|
|
9,229 |
|
| Series A, Rev., 5.00%, 02/15/2045 |
|
|
2,210 |
|
|
|
2,280 |
|
| Long Island Power Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 09/01/2042 |
|
|
2,070 |
|
|
|
2,165 |
|
| Series A, Rev., 5.00%, 09/01/2037 |
|
|
1,250 |
|
|
|
1,391 |
|
| Series A, Rev., 5.00%, 09/01/2044 |
|
|
1,000 |
|
|
|
1,002 |
|
| Series B, Rev., 1.50%, 09/01/2051 (z) |
|
|
5,700 |
|
|
|
5,480 |
|
| Long Island Power Authority, Green Bond, Series E, Rev., 5.00%, 09/01/2048 |
|
|
2,440 |
|
|
|
2,678 |
|
| Long Island Power Authority, Notes, Rev., 1.00%, 09/01/2025 |
|
|
2,680 |
|
|
|
2,596 |
|
| Metropolitan Transportation Authority, |
|
|
|
|
|
|
|
|
| Rev., BAM, 4.00%, 11/15/2048 |
|
|
4,415 |
|
|
|
4,374 |
|
| Rev., AGM, (United States SOFR * 0.67 + 0.80%), 4.04%, 11/01/2032 (aa) |
|
|
430 |
|
|
|
430 |
|
| Rev., 5.00%, 11/15/2049 |
|
|
2,000 |
|
|
|
2,098 |
|
| Special Tax, 5.25%, 11/15/2042 |
|
|
2,140 |
|
|
|
2,483 |
|
| Rev., 5.25%, 11/15/2044 |
|
|
5,045 |
|
|
|
5,052 |
|
| Special Tax, 5.25%, 11/15/2045 |
|
|
8,500 |
|
|
|
9,703 |
|
| Series A, Rev., 5.25%, 11/15/2030 |
|
|
1,475 |
|
|
|
1,548 |
|
| Series A, Rev., 5.25%, 11/15/2034 |
|
|
8,000 |
|
|
|
8,367 |
|
| Series B, Rev., 5.00%, 11/15/2024 |
|
|
340 |
|
|
|
340 |
|
| Series B, Rev., 5.00%, 11/15/2025 |
|
|
540 |
|
|
|
553 |
|
| Series B, Rev., TRAN, 5.00%, 11/15/2040 |
|
|
2,450 |
|
|
|
2,468 |
|
| Series C1, Rev., 5.00%, 11/15/2056 |
|
|
3,100 |
|
|
|
3,145 |
|
| Series D, Rev., BAM, 4.00%, 11/15/2042 |
|
|
3,295 |
|
|
|
3,283 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| Series D, Rev., 5.00%, 11/15/2027 |
|
|
1,200 |
|
|
|
1,250 |
|
| Metropolitan Transportation Authority, Build America Bonds, Rev., 6.67%, 11/15/2039 |
|
|
2,500 |
|
|
|
2,820 |
|
| Metropolitan Transportation Authority, Green Bond, |
|
|
|
|
|
|
|
|
| Series A2, Rev., 5.00%, 11/15/2027 |
|
|
1,085 |
|
|
|
1,131 |
|
| Series C2, Rev., Zero Coupon, 11/15/2032 |
|
|
500 |
|
|
|
376 |
|
| Series C, Rev., 5.00%, 11/15/2040 |
|
|
2,465 |
|
|
|
2,623 |
|
| Series D, Rev., 5.00%, 11/15/2034 (z) |
|
|
5,000 |
|
|
|
5,005 |
|
| Series E, Rev., 4.00%, 11/15/2045 |
|
|
60 |
|
|
|
59 |
|
| Series E, Rev., 5.00%, 11/15/2029 |
|
|
250 |
|
|
|
277 |
|
| Metropolitan Transportation Authority, Green Bonds, |
|
|
|
|
|
|
|
|
| Series A2, Rev., 5.00%, 11/15/2025 |
|
|
1,000 |
|
|
|
1,024 |
|
| Series B1, Rev., 5.00%, 11/15/2046 |
|
|
2,000 |
|
|
|
2,050 |
|
| Series D1, Rev., 5.00%, 11/15/2043 |
|
|
2,000 |
|
|
|
2,133 |
|
| Series D3, Rev., 4.00%, 11/15/2049 |
|
|
1,000 |
|
|
|
974 |
|
| Metropolitan Transportation Authority, Green Bonds, Subordinated, Series B1, Rev., 5.00%, 11/15/2036 |
|
|
10,000 |
|
|
|
10,377 |
|
| Metropolitan Transportation Authority, Sustainable Bond, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.25%, 11/15/2049 |
|
|
2,000 |
|
|
|
2,199 |
|
| Series E, Rev., 5.00%, 11/15/2033 |
|
|
2,400 |
|
|
|
2,659 |
|
| Metropolitan Transportation Authority, Transportation Green Bonds, Series B, Rev., 5.00%, 11/15/2026 |
|
|
1,720 |
|
|
|
1,804 |
|
| Monroe County Industrial Development Corp., Andrews Terrace Community, |
|
|
|
|
|
|
|
|
| Rev., HUD, 5.00%, 07/01/2028 (z) |
|
|
3,915 |
|
|
|
4,126 |
|
| Monroe County Industrial Development Corp., Rochester Regional Health Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2027 |
|
|
1,000 |
|
|
|
1,053 |
|
| Rev., 5.00%, 12/01/2028 |
|
|
1,700 |
|
|
|
1,815 |
|
| Rev., 5.00%, 12/01/2029 |
|
|
1,900 |
|
|
|
2,044 |
|
| Monroe County Industrial Development Corp., University of Rochester Project, Series A, Rev., 5.00%, 07/01/2053 |
|
|
13,650 |
|
|
|
14,983 |
|
| MTA Hudson Rail Yards Trust Obligations, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/15/2051 |
|
|
5,000 |
|
|
|
5,008 |
|
| Series A, Rev., 5.00%, 11/15/2056 |
|
|
2,000 |
|
|
|
2,003 |
|
| New York City Health and Hospitals Corp., |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 02/15/2026 |
|
|
6,055 |
|
|
|
6,258 |
|
| Series A, Rev., 5.00%, 02/15/2027 |
|
|
5,360 |
|
|
|
5,686 |
|
| New York City Housing Development Corp., Rev., HUD, 3.70%, 05/01/2064 (z) |
|
|
2,450 |
|
|
|
2,508 |
|
| New York City Housing Development Corp., Sustainability Bonds, |
|
|
|
|
|
|
|
|
| Rev., 0.70%, 11/01/2060 (z) |
|
|
2,500 |
|
|
|
2,449 |
|
| Series C2, Rev., 0.70%, 11/01/2060 (z) |
|
|
1,095 |
|
|
|
1,069 |
|
| New York City Housing Development Corp., Sustainable Bond, Series E2, Rev., 3.80%, 11/01/2063 (z) |
|
|
1,300 |
|
|
|
1,328 |
|
| New York City Industrial Development Agency, Queens Baseball Stadium Project, |
|
|
|
|
|
|
|
|
| Rev., AGM, 2.00%, 01/01/2038 |
|
|
675 |
|
|
|
522 |
|
| Rev., AGM, 3.00%, 01/01/2040 |
|
|
250 |
|
|
|
224 |
|
| Series A, Rev., AGM, 4.00%, 01/01/2032 |
|
|
1,000 |
|
|
|
1,051 |
|
| Series A, Rev., AGM, 5.00%, 01/01/2025 |
|
|
250 |
|
|
|
251 |
|
| Series A, Rev., AGM, 5.00%, 01/01/2027 |
|
|
625 |
|
|
|
656 |
|
| Series A, Rev., AGM, 5.00%, 01/01/2029 |
|
|
1,000 |
|
|
|
1,090 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, 5.00%, 01/01/2030 |
|
|
1,500 |
|
|
|
1,660 |
|
| New York City Industrial Development Agency, Yankee Stadium Project Pilot, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 03/01/2045 |
|
|
8,825 |
|
|
|
8,757 |
|
| Rev., AGM, 5.00%, 03/01/2028 |
|
|
1,250 |
|
|
|
1,348 |
|
| Rev., AGM, 5.00%, 03/01/2029 |
|
|
1,500 |
|
|
|
1,646 |
|
| Rev., AGM, 5.00%, 03/01/2030 |
|
|
3,900 |
|
|
|
4,338 |
|
| New York City Municipal Water Finance Authority, |
|
|
|
|
|
|
|
|
| Series CC1, Rev., 4.00%, 06/15/2052 |
|
|
5,000 |
|
|
|
4,957 |
|
| Series CC, Rev., 5.25%, 06/15/2054 |
|
|
5,000 |
|
|
|
5,585 |
|
| Series DD, Rev., 5.00%, 06/15/2034 |
|
|
1,920 |
|
|
|
2,269 |
|
| New York City Municipal Water Finance Authority, Second General Resolution, |
|
|
|
|
|
|
|
|
| Rev., VRDO, 3.90%, 10/01/2024 (z) |
|
|
8,000 |
|
|
|
8,000 |
|
| Rev., 4.00%, 06/15/2051 |
|
|
6,205 |
|
|
|
6,165 |
|
| Rev., 5.00%, 06/15/2044 |
|
|
2,755 |
|
|
|
3,080 |
|
| Rev., 5.25%, 06/15/2054 |
|
|
9,605 |
|
|
|
10,680 |
|
| Series CC1, Rev., 5.00%, 06/15/2049 |
|
|
5,000 |
|
|
|
5,321 |
|
| New York City Transitional Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/01/2027 |
|
|
4,490 |
|
|
|
4,833 |
|
| Rev., 5.00%, 05/01/2030 (w) |
|
|
2,000 |
|
|
|
2,252 |
|
| Rev., 5.00%, 05/01/2038 |
|
|
4,900 |
|
|
|
5,673 |
|
| Rev., 5.00%, 11/01/2038 |
|
|
3,485 |
|
|
|
4,047 |
|
| Rev., 5.00%, 05/01/2041 |
|
|
6,000 |
|
|
|
6,792 |
|
| Rev., 5.25%, 05/01/2048 |
|
|
5,165 |
|
|
|
5,780 |
|
| Rev., 5.25%, 05/01/2049 |
|
|
3,000 |
|
|
|
3,351 |
|
| New York City Transitional Finance Authority Building Aid Revenue, Fiscal 2015, Subordinate, Series S, Rev., 5.00%, 07/15/2040 |
|
|
17,800 |
|
|
|
18,010 |
|
| New York City Transitional Finance Authority Building Aid Revenue, Fiscal Year 2015, Series S1, Rev., 5.00%, 07/15/2035 |
|
|
585 |
|
|
|
588 |
|
| New York City Transitional Finance Authority Building Aid Revenue, Subordinate, |
|
|
|
|
|
|
|
|
| Series S1, Rev., 4.00%, 07/15/2034 |
|
|
1,000 |
|
|
|
1,062 |
|
| Series S1, Rev., 5.00%, 07/15/2043 |
|
|
1,505 |
|
|
|
1,531 |
|
| New York City Transitional Finance Authority Building Aid Revenue, Subordinate Fiscal 2015, Series S, Rev., 5.00%, 07/15/2028 |
|
|
2,060 |
|
|
|
2,073 |
|
| New York City Transitional Finance Authority Future Tax Secured, Rev., 5.00%, 08/01/2029 |
|
|
1,000 |
|
|
|
1,114 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/01/2036 |
|
|
11,260 |
|
|
|
11,485 |
|
| Rev., 5.00%, 11/01/2028 |
|
|
600 |
|
|
|
659 |
|
| Series A4, Rev., VRDO, 4.15%, 10/01/2024 (z) |
|
|
11,200 |
|
|
|
11,200 |
|
| Series B1, Rev., 4.00%, 08/01/2042 |
|
|
17,500 |
|
|
|
17,584 |
|
| Series E1, Rev., 3.00%, 02/01/2028 |
|
|
730 |
|
|
|
739 |
|
| Series F1, Rev., 5.00%, 02/01/2039 |
|
|
3,000 |
|
|
|
3,346 |
|
| Series F1, Rev., 5.00%, 02/01/2041 |
|
|
2,000 |
|
|
|
2,253 |
|
| Series F1, Rev., 5.00%, 02/01/2045 |
|
|
5,000 |
|
|
|
5,530 |
|
| Series F1, Rev., 5.00%, 02/01/2046 |
|
|
3,335 |
|
|
|
3,669 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Future Tax Secured, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2035 |
|
|
7,000 |
|
|
|
7,351 |
|
| Series A3, Rev., 4.00%, 08/01/2043 |
|
|
5,645 |
|
|
|
5,667 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Future Tax Secured Subordinate, Series B1, Rev., 5.00%, 08/01/2038 |
|
|
1,000 |
|
|
|
1,029 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Future Tax Subordinated, |
|
|
|
|
|
|
|
|
| Series A3, Rev., 4.00%, 08/01/2042 |
|
|
2,500 |
|
|
|
2,512 |
|
| Series E1, Rev., 4.00%, 02/01/2041 |
|
|
12,000 |
|
|
|
12,030 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinate, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/01/2038 |
|
|
2,000 |
|
|
|
2,077 |
|
| Rev., 5.00%, 11/01/2025 |
|
|
255 |
|
|
|
262 |
|
| Series B1, Rev., 4.00%, 08/01/2036 |
|
|
7,415 |
|
|
|
7,794 |
|
| Series DS, Rev., 4.00%, 11/01/2038 |
|
|
4,000 |
|
|
|
4,145 |
|
| Series E1, Rev., 4.00%, 02/01/2046 |
|
|
2,000 |
|
|
|
2,001 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinate Future Tax Secured, Rev., 4.00%, 11/01/2040 |
|
|
5,000 |
|
|
|
5,081 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinate Multi Modal, Series A, Rev., 5.00%, 05/01/2040 |
|
|
1,000 |
|
|
|
1,124 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinate, Future Tax Secured, Rev., 3.75%, 11/01/2025 |
|
|
8,000 |
|
|
|
7,969 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Subordinated, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/01/2026 |
|
|
1,000 |
|
|
|
1,052 |
|
| Rev., 5.00%, 05/01/2031 |
|
|
1,000 |
|
|
|
1,129 |
|
| Rev., 5.25%, 08/01/2042 |
|
|
3,000 |
|
|
|
3,368 |
|
| Series A3, Rev., 4.00%, 05/01/2042 |
|
|
2,000 |
|
|
|
2,019 |
|
| Series A3, Rev., 5.00%, 08/01/2040 |
|
|
1,720 |
|
|
|
1,802 |
|
| New York City Transitional Finance Authority Future Tax Secured Revenue, Taxable Subordinate, Series F2, Rev., 2.85%, 05/01/2025 |
|
|
6,600 |
|
|
|
6,533 |
|
| New York City Transitional Finance Authority, Multi Modal Bonds Subordinate, Rev., 5.00%, 05/01/2039 |
|
|
1,500 |
|
|
|
1,709 |
|
| New York City Transitional Finance Authority, Subordinate, |
|
|
|
|
|
|
|
|
| Series D1, Rev., 5.00%, 11/01/2034 |
|
|
4,410 |
|
|
|
5,195 |
|
| Series D1, Rev., 5.00%, 11/01/2037 |
|
|
715 |
|
|
|
830 |
|
| Series D1, Rev., 5.00%, 11/01/2039 |
|
|
3,000 |
|
|
|
3,437 |
|
| New York City Trust for Cultural Resources, Refunding Lincoln Center, Series A, Rev., 5.00%, 12/01/2032 |
|
|
500 |
|
|
|
562 |
|
| New York City Water & Sewer System, |
|
|
|
|
|
|
|
|
| Series AA2, Rev., 5.00%, 06/15/2029 |
|
|
1,350 |
|
|
|
1,512 |
|
| Series BB1, Rev., 5.00%, 06/15/2049 |
|
|
500 |
|
|
|
532 |
|
| Series FF, Rev., 5.00%, 06/15/2041 |
|
|
2,000 |
|
|
|
2,178 |
|
| Series GG1, Rev., 5.00%, 06/15/2030 |
|
|
1,000 |
|
|
|
1,137 |
|
| Series GG, Rev., 5.00%, 06/15/2039 |
|
|
2,660 |
|
|
|
2,690 |
|
| New York City Water & Sewer System, Second General Resolution, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/15/2026 |
|
|
1,005 |
|
|
|
1,049 |
|
| Rev., 5.00%, 06/15/2029 |
|
|
535 |
|
|
|
599 |
|
| Series CC1, Rev., 5.00%, 06/15/2048 |
|
|
2,730 |
|
|
|
2,836 |
|
| Series CC1, Rev., 5.25%, 06/15/2037 |
|
|
2,345 |
|
|
|
2,462 |
|
| Series DD1, Rev., 5.00%, 06/15/2048 |
|
|
3,115 |
|
|
|
3,258 |
|
| Series DD2, Rev., 5.00%, 06/15/2040 |
|
|
2,000 |
|
|
|
2,111 |
|
| Series DD, Rev., 5.00%, 06/15/2047 |
|
|
6,680 |
|
|
|
6,901 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| New York City Water & Sewer System, Various Second General Resolution, Series BB4, Rev., VRDO, 4.15%, 10/01/2024 (z) |
|
|
2,000 |
|
|
|
2,000 |
|
| New York City Water & Sewer System, Water and Sewer System Revenue Second General Resolution, Series BB2, Rev., 4.00%, 06/15/2042 |
|
|
1,180 |
|
|
|
1,198 |
|
| New York Liberty Development Corp., |
|
|
|
|
|
|
|
|
| Series 1WTC, Rev., 3.00%, 02/15/2042 |
|
|
1,755 |
|
|
|
1,526 |
|
| Series 1WTC, Rev., 4.00%, 02/15/2043 |
|
|
4,985 |
|
|
|
4,998 |
|
| New York Liberty Development Corp., 3 World Trade Center, Rev., 5.38%, 11/15/2040 (e) |
|
|
1,945 |
|
|
|
1,947 |
|
| New York Liberty Development Corp., 7 World Trade Center Project, Rev., 3.13%, 09/15/2050 |
|
|
3,000 |
|
|
|
2,466 |
|
| New York Liberty Development Corp., World Trade Center Project, Series 1, Rev., 5.00%, 11/15/2044 (e) |
|
|
19,900 |
|
|
|
19,912 |
|
| New York Power Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2049 (w) |
|
|
2,000 |
|
|
|
1,999 |
|
| Rev., 5.00%, 11/15/2041 (w) |
|
|
1,500 |
|
|
|
1,736 |
|
| Series A, Rev., 4.00%, 11/15/2045 |
|
|
9,000 |
|
|
|
8,991 |
|
| New York Power Authority, Green Transmission Project, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 11/15/2036 |
|
|
145 |
|
|
|
154 |
|
| Rev., AGM, 5.00%, 11/15/2028 |
|
|
1,000 |
|
|
|
1,107 |
|
| Rev., AGM, 5.00%, 11/15/2034 |
|
|
635 |
|
|
|
732 |
|
| Rev., AGM, 5.00%, 11/15/2035 |
|
|
1,250 |
|
|
|
1,436 |
|
| New York State Dormitory Authority, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 10/01/2025 |
|
|
1,350 |
|
|
|
1,381 |
|
| Rev., AGM, 5.00%, 10/01/2026 |
|
|
875 |
|
|
|
920 |
|
| Rev., 5.00%, 07/01/2035 (w) |
|
|
750 |
|
|
|
895 |
|
| Rev., AGM, 5.00%, 10/01/2037 |
|
|
1,000 |
|
|
|
1,143 |
|
| Rev., AGM, 5.00%, 10/01/2039 |
|
|
860 |
|
|
|
971 |
|
| Series A1, Rev., 5.00%, 03/15/2036 |
|
|
2,500 |
|
|
|
2,899 |
|
| Series A, Rev., 4.00%, 03/15/2039 |
|
|
1,000 |
|
|
|
1,029 |
|
| Series A, Rev., 4.00%, 03/15/2054 |
|
|
8,090 |
|
|
|
7,810 |
|
| Series A, Rev., 5.00%, 03/15/2029 |
|
|
3,000 |
|
|
|
3,327 |
|
| Series A, Rev., 5.00%, 03/15/2034 |
|
|
2,000 |
|
|
|
2,078 |
|
| Series A, Rev., 5.00%, 03/15/2036 |
|
|
1,765 |
|
|
|
2,070 |
|
| Series A, Rev., 5.00%, 03/15/2040 |
|
|
1,000 |
|
|
|
1,068 |
|
| Series A, Rev., 5.00%, 03/15/2044 |
|
|
2,460 |
|
|
|
2,751 |
|
| New York State Dormitory Authority, Bidding Group 1, Series E, Rev., 5.00%, 03/15/2029 |
|
|
3,000 |
|
|
|
3,327 |
|
| New York State Dormitory Authority, Cornell University, Series A, Rev., 5.50%, 07/01/2054 |
|
|
5,000 |
|
|
|
5,781 |
|
| New York State Dormitory Authority, Exchange Bonds, Series C, Rev., 5.00%, 07/01/2031 |
|
|
1,227 |
|
|
|
1,399 |
|
| New York State Dormitory Authority, General Purpose, Series D, Rev., 5.00%, 02/15/2026 (p) |
|
|
95 |
|
|
|
98 |
|
| New York State Dormitory Authority, Green Bond, Cornell University, Rev., 5.00%, 07/01/2034 |
|
|
1,100 |
|
|
|
1,339 |
|
| New York State Dormitory Authority, Group 2, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 03/15/2033 |
|
|
2,000 |
|
|
|
2,250 |
|
| Series A, Rev., 5.00%, 03/15/2036 |
|
|
2,015 |
|
|
|
2,180 |
|
| New York State Dormitory Authority, Group 3, Series A, Rev., 5.00%, 03/15/2037 |
|
|
5,000 |
|
|
|
5,391 |
|
| New York State Dormitory Authority, Icahn School of Medicine at Mount Sinai, Rev., 5.00%, 07/01/2040 |
|
|
1,500 |
|
|
|
1,505 |
|
| New York State Dormitory Authority, Montefiore Obligated Group, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 08/01/2025 |
|
|
1,000 |
|
|
|
1,003 |
|
| Series A, Rev., 5.00%, 08/01/2026 |
|
|
900 |
|
|
|
919 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 08/01/2031 |
|
|
1,010 |
|
|
|
1,050 |
|
| New York State Dormitory Authority, Northwell Health Obligated Group, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/01/2045 |
|
|
6,500 |
|
|
|
6,372 |
|
| Rev., 4.25%, 05/01/2052 |
|
|
4,930 |
|
|
|
4,923 |
|
| Rev., 5.00%, 05/01/2052 |
|
|
3,000 |
|
|
|
3,207 |
|
| New York State Dormitory Authority, Refunded General Purpose, Series B, Rev., 5.00%, 02/15/2026 (p) |
|
|
2,835 |
|
|
|
2,926 |
|
| New York State Dormitory Authority, Second Bond Financing Program, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 10/01/2029 |
|
|
2,000 |
|
|
|
2,243 |
|
| Rev., AGM, 5.00%, 10/01/2030 |
|
|
4,000 |
|
|
|
4,539 |
|
| Rev., AGM, 5.00%, 10/01/2036 |
|
|
260 |
|
|
|
294 |
|
| New York State Dormitory Authority, St John’s University, Series A, Rev., 4.00%, 07/01/2048 |
|
|
1,000 |
|
|
|
971 |
|
| New York State Dormitory Authority, Unrefunded General Purpose, Series D, Rev., 5.00%, 02/15/2026 (p) |
|
|
5 |
|
|
|
5 |
|
| New York State Dormitory Authority, Unrefunded Group 2, Series E, Rev., 5.00%, 03/15/2028 (p) |
|
|
1,000 |
|
|
|
1,093 |
|
| New York State Dormitory Authority, Yeshiva University, Series A, Rev., 5.00%, 07/15/2037 |
|
|
2,500 |
|
|
|
2,672 |
|
| New York State Environmental Facilities Corp., Green Bond 2010 Master Financing Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 09/15/2028 |
|
|
575 |
|
|
|
634 |
|
| Rev., 5.00%, 09/15/2031 |
|
|
250 |
|
|
|
290 |
|
| New York State Environmental Facilities Corp., Solid Waste Disposal Revenue, Casella Waste System, Inc. Project, Rev., AMT, 2.75%, 09/01/2050 (e) (z) |
|
|
250 |
|
|
|
247 |
|
| New York State Housing Finance Agency, Sustainability Bonds, |
|
|
|
|
|
|
|
|
| Series B, Rev., HUD, SONYMA, 3.60%, 11/01/2062 (z) |
|
|
1,705 |
|
|
|
1,712 |
|
| Series I, Rev., SONYMA, 0.70%, 11/01/2056 (z) |
|
|
1,290 |
|
|
|
1,249 |
|
| Series J, Rev., HUD, SONYMA, 1.10%, 11/01/2061 (z) |
|
|
4,170 |
|
|
|
3,922 |
|
| Series K2, Rev., HUD, SONYMA, 1.00%, 11/01/2061 (z) |
|
|
1,945 |
|
|
|
1,846 |
|
| Series K, Rev., SONYMA, 0.70%, 11/01/2024 |
|
|
1,085 |
|
|
|
1,080 |
|
| New York State Thruway Authority, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 4.00%, 03/15/2041 |
|
|
500 |
|
|
|
508 |
|
| Series A1, Rev., 5.00%, 03/15/2033 |
|
|
1,000 |
|
|
|
1,137 |
|
| Series A, Rev., 5.00%, 03/15/2027 (p) |
|
|
1,000 |
|
|
|
1,065 |
|
| New York State Thruway Authority, Group 2, Series N, Rev., 4.00%, 01/01/2041 |
|
|
3,120 |
|
|
|
3,151 |
|
| New York State Urban Development Corp., |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 03/15/2042 |
|
|
2,000 |
|
|
|
2,014 |
|
| Series E, Rev., 4.00%, 03/15/2046 |
|
|
10,000 |
|
|
|
9,954 |
|
| New York State Urban Development Corp., Bidding Group 1, Series A, Rev., 5.00%, 03/15/2034 |
|
|
1,690 |
|
|
|
1,931 |
|
| New York State Urban Development Corp., Bidding Group 4, Series A, Rev., 3.00%, 03/15/2050 |
|
|
4,000 |
|
|
|
3,256 |
|
| New York State Urban Development Corp., Group 2, Series E, Rev., 4.00%, 03/15/2038 |
|
|
1,000 |
|
|
|
1,027 |
|
| New York State Urban Development Corp., Personal Income Tax, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 03/15/2037 |
|
|
2,000 |
|
|
|
2,067 |
|
| Rev., 4.00%, 03/15/2041 |
|
|
5,000 |
|
|
|
5,059 |
|
| Rev., 5.00%, 03/15/2030 |
|
|
500 |
|
|
|
565 |
|
| Series C3, Rev., 5.00%, 03/15/2038 |
|
|
1,860 |
|
|
|
1,958 |
|
| New York State Urban Development Corp., State Personal Income Tax, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 03/15/2042 |
|
|
2,000 |
|
|
|
2,018 |
|
| Series AG, Rev., 5.00%, 03/15/2038 |
|
|
5,000 |
|
|
|
5,220 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| New York State Urban Development Corp., State Personal Income Tax, General Purpose, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 03/15/2042 |
|
|
5,000 |
|
|
|
5,279 |
|
| Series B, Rev., 3.54%, 03/15/2028 (p) |
|
|
7,000 |
|
|
|
6,961 |
|
| New York State Urban Development Corp., Sustainable Bond State Person, Rev., 5.00%, 03/15/2063 |
|
|
25,905 |
|
|
|
28,088 |
|
| New York Transportation Development Corp., |
|
|
|
|
|
|
|
|
| Rev., AGM, AMT, 5.00%, 06/30/2049 |
|
|
12,000 |
|
|
|
12,649 |
|
| Rev., AGM, AMT, 5.00%, 06/30/2054 |
|
|
5,000 |
|
|
|
5,228 |
|
| Rev., AMT, 5.25%, 06/30/2049 |
|
|
5,000 |
|
|
|
5,309 |
|
| Rev., AMT, 5.50%, 06/30/2060 |
|
|
14,000 |
|
|
|
14,965 |
|
| New York Transportation Development Corp., American Airlines, Inc., |
|
|
|
|
|
|
|
|
| Rev., AMT, 2.25%, 08/01/2026 |
|
|
395 |
|
|
|
385 |
|
| Rev., AMT, 5.00%, 08/01/2026 |
|
|
3,670 |
|
|
|
3,677 |
|
| New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.38%, 10/01/2045 |
|
|
9,630 |
|
|
|
9,424 |
|
| Rev., AMT, 5.00%, 01/01/2032 |
|
|
3,000 |
|
|
|
3,104 |
|
| New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia, Rev., AMT, 4.00%, 10/01/2030 |
|
|
2,500 |
|
|
|
2,522 |
|
| New York Transportation Development Corp., Delta Air Lines, Inc., LaGuardia, Rev., AMT, 5.00%, 10/01/2035 |
|
|
11,000 |
|
|
|
11,612 |
|
| New York Transportation Development Corp., John F. Kennedy International Airport, Rev., AMT, 5.38%, 08/01/2036 |
|
|
2,000 |
|
|
|
2,145 |
|
| New York Transportation Development Corp., LaGuardia Airport Terminal, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.63%, 04/01/2040 |
|
|
15,355 |
|
|
|
16,686 |
|
| Rev., AMT, 6.00%, 04/01/2035 |
|
|
5,000 |
|
|
|
5,653 |
|
| New York Transportation Development Corp., LaGuardia Airport Terminal B, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 07/01/2033 |
|
|
2,500 |
|
|
|
2,500 |
|
| Rev., AMT, 5.00%, 07/01/2046 |
|
|
15,180 |
|
|
|
15,180 |
|
| Rev., AMT, 5.25%, 01/01/2050 |
|
|
8,425 |
|
|
|
8,426 |
|
| New York Transportation Development Corp., LaGuardia Airport Terminal B Redevelopment, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 07/01/2031 |
|
|
4,500 |
|
|
|
4,500 |
|
| Rev., AGM, AMT, 4.00%, 07/01/2035 |
|
|
5,080 |
|
|
|
5,080 |
|
| Rev., AMT, 5.00%, 07/01/2041 |
|
|
1,000 |
|
|
|
1,000 |
|
| New York Transportation Development Corp., New York State Thruway, Rev., AMT, 4.00%, 10/31/2034 |
|
|
600 |
|
|
|
596 |
|
| New York Transportation Development Corp., Sustainable Bond, JFK International Airport, |
|
|
|
|
|
|
|
|
| Rev., AGM, AMT, 5.00%, 06/30/2049 |
|
|
14,750 |
|
|
|
15,390 |
|
| Rev., AMT, 5.38%, 06/30/2060 |
|
|
2,390 |
|
|
|
2,497 |
|
| Rev., AGM, AMT, 5.50%, 06/30/2043 |
|
|
1,585 |
|
|
|
1,741 |
|
| Rev., AMT, 6.00%, 06/30/2054 |
|
|
10,575 |
|
|
|
11,556 |
|
| New York Transportation Development Corp., Terminal 4 JFK International, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 12/01/2030 |
|
|
1,710 |
|
|
|
1,854 |
|
| Rev., AMT, 5.00%, 12/01/2032 |
|
|
2,005 |
|
|
|
2,185 |
|
| Rev., AMT, 5.00%, 12/01/2033 |
|
|
1,000 |
|
|
|
1,068 |
|
| Rev., AMT, 5.00%, 12/01/2037 |
|
|
3,500 |
|
|
|
3,753 |
|
| Rev., AMT, 5.00%, 12/01/2038 |
|
|
1,000 |
|
|
|
1,067 |
|
| New York Transportation Development Corp., Terminal 4 JFK International Airport, Rev., AMT, 5.00%, 12/01/2030 |
|
|
4,160 |
|
|
|
4,509 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| New York Transportation Development Corp., Terminal 4 John F Kennedy International, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.00%, 12/01/2038 |
|
|
300 |
|
|
|
299 |
|
| Rev., AMT, 4.00%, 12/01/2039 |
|
|
300 |
|
|
|
297 |
|
| Rev., AMT, 4.00%, 12/01/2040 |
|
|
1,475 |
|
|
|
1,448 |
|
| Rev., AMT, 4.00%, 12/01/2041 |
|
|
300 |
|
|
|
292 |
|
| Rev., AMT, 4.00%, 12/01/2042 |
|
|
300 |
|
|
|
290 |
|
| Rev., 5.00%, 12/01/2024 |
|
|
200 |
|
|
|
200 |
|
| Rev., 5.00%, 12/01/2025 |
|
|
200 |
|
|
|
205 |
|
| Rev., 5.00%, 12/01/2026 |
|
|
995 |
|
|
|
1,041 |
|
| Rev., 5.00%, 12/01/2027 |
|
|
200 |
|
|
|
213 |
|
| Rev., 5.00%, 12/01/2028 |
|
|
200 |
|
|
|
217 |
|
| Rev., 5.00%, 12/01/2037 |
|
|
250 |
|
|
|
270 |
|
| Rev., 5.00%, 12/01/2038 |
|
|
2,250 |
|
|
|
2,427 |
|
| Port Authority of New York & New Jersey, |
|
|
|
|
|
|
|
|
| Series 207, Rev., AMT, 5.00%, 09/15/2027 |
|
|
2,210 |
|
|
|
2,327 |
|
| Series 207, Rev., AMT, 5.00%, 09/15/2028 |
|
|
1,080 |
|
|
|
1,144 |
|
| Series 207, Rev., AMT, 5.00%, 09/15/2031 |
|
|
5,000 |
|
|
|
5,245 |
|
| Series 226, Rev., AMT, 5.00%, 10/15/2031 |
|
|
4,500 |
|
|
|
4,975 |
|
| Series 226, Rev., AMT, 5.00%, 10/15/2032 |
|
|
1,250 |
|
|
|
1,377 |
|
| Series 226, Rev., AMT, 5.00%, 10/15/2036 |
|
|
2,040 |
|
|
|
2,221 |
|
| Series 242, Rev., AMT, 5.00%, 12/01/2042 |
|
|
7,000 |
|
|
|
7,622 |
|
| Port Authority of New York & New Jersey, Consolidated, |
|
|
|
|
|
|
|
|
| Series 197, Rev., AMT, 5.00%, 11/15/2032 |
|
|
3,000 |
|
|
|
3,104 |
|
| Series 206, Rev., AMT, 5.00%, 11/15/2032 |
|
|
3,000 |
|
|
|
3,127 |
|
| Series 221, Rev., AMT, 5.00%, 07/15/2031 |
|
|
1,620 |
|
|
|
1,765 |
|
| Series 221, Rev., AMT, 5.00%, 07/15/2032 |
|
|
1,500 |
|
|
|
1,630 |
|
| Port Authority of New York & New Jersey, Consolidated 211, Rev., 4.00%, 09/01/2043 |
|
|
18,590 |
|
|
|
18,703 |
|
| Port Authority of New York & New Jersey, Consolidated Bond 233, Rev., 5.00%, 08/01/2038 |
|
|
670 |
|
|
|
764 |
|
| Port Authority of New York & New Jersey, Consolidated Bond Two, Rev., AMT, 5.50%, 08/01/2052 |
|
|
8,500 |
|
|
|
9,324 |
|
| Port Authority of New York & New Jersey, Consolidated Bond Two Hund, Rev., AMT, 5.00%, 01/15/2039 |
|
|
1,250 |
|
|
|
1,365 |
|
| Port Authority of New York & New Jersey, Consolidated Bonds, |
|
|
|
|
|
|
|
|
| Series 221, Rev., AMT, 4.00%, 07/15/2039 |
|
|
5,000 |
|
|
|
5,060 |
|
| Series 221, Rev., AMT, 4.00%, 07/15/2040 |
|
|
3,715 |
|
|
|
3,744 |
|
| Port Authority of New York & New Jersey, Consolidated One Hundred Eighty, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 09/01/2026 |
|
|
3,000 |
|
|
|
3,004 |
|
| Series 222, Rev., 4.00%, 07/15/2036 |
|
|
10,250 |
|
|
|
10,674 |
|
| RBC Municipal Products, Inc. Trust, Rev., AMT, LOC: Royal Bank of Canada, LIQ: Royal Bank of Canada, 3.21%, 10/01/2029 (e) (z) |
|
|
7,600 |
|
|
|
7,600 |
|
| State of New York Mortgage Agency Homeowner Mortgage Revenue, Social Bonds, Series 253, Rev., SONYMA, AMT, 4.70%, 10/01/2038 |
|
|
2,085 |
|
|
|
2,179 |
|
| State of New York Mortgage Agency, Social Bonds, Series 233, Rev., 3.00%, 10/01/2045 |
|
|
1,930 |
|
|
|
1,905 |
|
| State of New York Mortgage Agency, Social Bonds 242, Rev., SONYMA, 3.50%, 10/01/2052 |
|
|
100 |
|
|
|
100 |
|
| Suffolk Regional Off-Track Betting Co., Rev., 6.00%, 12/01/2053 |
|
|
1,000 |
|
|
|
1,054 |
|
| Triborough Bridge & Tunnel Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 05/15/2054 |
|
|
9,940 |
|
|
|
11,129 |
|
| Series A2, Rev., 2.00%, 05/15/2045 (z) |
|
|
4,250 |
|
|
|
4,034 |
|
| Series A, Rev., 5.00%, 11/15/2041 |
|
|
1,975 |
|
|
|
2,026 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| New York — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/15/2047 |
|
|
2,500 |
|
|
|
2,724 |
|
| Series A, Rev., 5.00%, 11/15/2049 |
|
|
3,040 |
|
|
|
3,239 |
|
| Triborough Bridge & Tunnel Authority Sales Tax Revenue, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 5.00%, 05/15/2049 |
|
|
2,600 |
|
|
|
2,866 |
|
| Series A1, Rev., 5.00%, 05/15/2054 |
|
|
2,355 |
|
|
|
2,577 |
|
| Series A1, Rev., 5.25%, 05/15/2059 |
|
|
16,710 |
|
|
|
18,580 |
|
| Series A1, Rev., 5.25%, 05/15/2064 |
|
|
25,770 |
|
|
|
28,544 |
|
| Series A2, Rev., 5.25%, 05/15/2064 |
|
|
24,000 |
|
|
|
26,358 |
|
| Triborough Bridge & Tunnel Authority, Green Bond, |
|
|
|
|
|
|
|
|
| Series E1, Rev., 5.00%, 11/15/2027 |
|
|
1,155 |
|
|
|
1,241 |
|
| Series E-2B, Rev., 5.00%, 11/15/2032 |
|
|
575 |
|
|
|
670 |
|
| Triborough Bridge & Tunnel Authority, MTA Bridges & Tunnels, Rev., 5.00%, 05/15/2047 |
|
|
5,250 |
|
|
|
5,713 |
|
| Triborough Bridge & Tunnel Authority, MTA Bridges and Tunnels, Rev., 5.00%, 11/15/2026 |
|
|
2,440 |
|
|
|
2,574 |
|
| Triborough Bridge & Tunnel Authority, MTA Bridges and Tunnels, Green Bonds, Rev., 5.00%, 11/15/2029 |
|
|
1,615 |
|
|
|
1,817 |
|
| Triborough Bridge & Tunnel Authority, Senior, Series C, Rev., 5.00%, 05/15/2040 |
|
|
5,000 |
|
|
|
5,608 |
|
| Triborough Bridge & Tunnel Authority, Senior Lien, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/15/2050 (z) |
|
|
7,000 |
|
|
|
7,223 |
|
| Series C, Rev., 5.25%, 05/15/2052 |
|
|
10,000 |
|
|
|
11,006 |
|
| Series C1-A, Rev., 5.00%, 05/15/2038 |
|
|
2,000 |
|
|
|
2,250 |
|
| Triborough Bridge & Tunnel Authority, Senior Lien MTA Bridges & Tunnels, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/15/2035 |
|
|
2,000 |
|
|
|
2,305 |
|
| Rev., 5.00%, 05/15/2036 |
|
|
2,000 |
|
|
|
2,292 |
|
| Rev., 5.00%, 05/15/2038 |
|
|
4,240 |
|
|
|
4,814 |
|
| Troy Capital Resource Corp., Rensselaer Polytechnic Institute, Rev., 4.00%, 09/01/2036 |
|
|
750 |
|
|
|
766 |
|
| TSASC, Inc., Series B, Rev., 5.00%, 06/01/2048 |
|
|
6,780 |
|
|
|
6,116 |
|
| Utility Debt Securitization Authority, |
|
|
|
|
|
|
|
|
| Series 1, Rev., 5.00%, 12/15/2031 |
|
|
3,000 |
|
|
|
3,370 |
|
| Series 1, Rev., 5.00%, 12/15/2039 |
|
|
1,000 |
|
|
|
1,179 |
|
| Series 1, Rev., 5.00%, 12/15/2040 |
|
|
1,420 |
|
|
|
1,661 |
|
| Utility Debt Securitization Authority, Restructuring Bonds, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/15/2033 |
|
|
1,500 |
|
|
|
1,537 |
|
| Series TE, Rev., 5.00%, 12/15/2029 |
|
|
1,500 |
|
|
|
1,607 |
|
| Westchester County Local Development Corp., Westchester Med. Ctr. Obligated, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 11/01/2047 |
|
|
5,610 |
|
|
|
6,058 |
|
| Rev., AGM, 5.75%, 11/01/2048 |
|
|
1,400 |
|
|
|
1,600 |
|
| Rev., AGM, 5.75%, 11/01/2049 |
|
|
2,000 |
|
|
|
2,282 |
|
| Rev., 6.25%, 11/01/2052 |
|
|
420 |
|
|
|
482 |
|
| Western Regional Off-Track Betting Corp., Rev., 3.00%, 12/01/2026 (e) |
|
|
235 |
|
|
|
231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,321,158 |
|
|
|
|
|
|
|
|
|
|
| North Carolina — 1.0% |
|
|
|
|
|
|
|
|
| Charlotte-Mecklenburg Hospital Authority, Atrium Health, Series B, Rev., 1.95%, 01/15/2048 (z) |
|
|
2,285 |
|
|
|
2,107 |
|
| Charlotte-Mecklenburg Hospital Authority, The Atrium Health, Series D, Rev., 3.63%, 01/15/2048 (z) |
|
|
2,200 |
|
|
|
2,223 |
|
| City of Charlotte Airport Revenue, Rev., 5.00%, 07/01/2040 |
|
|
2,375 |
|
|
|
2,697 |
|
| City of Charlotte Airport Revenue, Airport, Series A, Rev., 4.00%, 07/01/2036 |
|
|
1,520 |
|
|
|
1,590 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| North Carolina — continued |
|
|
|
|
|
|
|
|
| City of Charlotte Airport Revenue, Charlotte Douglas International, Rev., AMT, 5.00%, 07/01/2026 |
|
|
1,315 |
|
|
|
1,361 |
|
| City of Charlotte Airport Special Facilities Revenue, Charlotte Douglas International, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2049 |
|
|
5,000 |
|
|
|
5,282 |
|
| Rev., AMT, 5.00%, 07/01/2049 |
|
|
7,335 |
|
|
|
7,593 |
|
| City of Charlotte NC Water & Sewer System Revenue, Rev., 5.00%, 07/01/2041 |
|
|
500 |
|
|
|
579 |
|
| City of Charlotte, Airport Special Facilities Revenue, Series B, Rev., AMT, 5.00%, 07/01/2027 |
|
|
1,315 |
|
|
|
1,380 |
|
| Columbus County Industrial Facilities & Pollution Control Financing Authority, |
|
|
|
|
|
|
|
|
| Rev., 3.45%, 11/01/2033 (w) (z) |
|
|
2,500 |
|
|
|
2,516 |
|
| County of Cumberland, Qualified School Construction Bonds, COP, 1.25%, 12/15/2025 |
|
|
4,000 |
|
|
|
3,858 |
|
| County of Macon NC, Rev., 4.00%, 10/01/2043 |
|
|
650 |
|
|
|
653 |
|
| Greater Asheville Regional Airport Authority, |
|
|
|
|
|
|
|
|
| Rev., AGM, AMT, 5.25%, 07/01/2040 |
|
|
500 |
|
|
|
551 |
|
| Rev., AGM, AMT, 5.25%, 07/01/2041 |
|
|
415 |
|
|
|
455 |
|
| Rev., AGM, AMT, 5.25%, 07/01/2048 |
|
|
1,750 |
|
|
|
1,897 |
|
| North Carolina Capital Facilities Finance Agency, Republic Services Project A, Rev., 3.50%, 07/01/2034 (z) |
|
|
7,000 |
|
|
|
7,000 |
|
| North Carolina Department of Transportation, I-77 Hot Lanes Project, Rev., AMT, 5.00%, 06/30/2054 |
|
|
3,825 |
|
|
|
3,833 |
|
| North Carolina Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 3.20%, 07/01/2056 (w) (z) |
|
|
3,760 |
|
|
|
3,758 |
|
| Rev., GNMA/FNMA/FHLMC, 4.35%, 01/01/2044 (w) |
|
|
1,080 |
|
|
|
1,091 |
|
| Rev., GNMA/FNMA/FHLMC, 4.55%, 07/01/2044 |
|
|
835 |
|
|
|
850 |
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 01/01/2055 |
|
|
930 |
|
|
|
1,060 |
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 07/01/2055 (w) |
|
|
1,855 |
|
|
|
2,092 |
|
| Series 37A, Rev., AMT, 3.50%, 07/01/2039 |
|
|
20 |
|
|
|
20 |
|
| Series 44, Rev., 2.30%, 01/01/2031 |
|
|
1,030 |
|
|
|
942 |
|
| Series 44, Rev., 4.00%, 07/01/2050 |
|
|
245 |
|
|
|
247 |
|
| Series 45, Rev., GNMA/FNMA/FHLMC, 1.90%, 01/01/2032 |
|
|
1,525 |
|
|
|
1,305 |
|
| North Carolina Housing Finance Agency, Home Ownership, Series 47, Rev., GNMA/FNMA/FHLMC COLL, 3.00%, 07/01/2051 |
|
|
770 |
|
|
|
760 |
|
| North Carolina Housing Finance Agency, Sustainable Bond 1998 Trust Agency, Rev., GNMA/FNMA/FHLMC, 6.25%, 01/01/2055 |
|
|
2,125 |
|
|
|
2,365 |
|
| North Carolina Housing Finance Agency, Sustainable Bonds 1998 Trust, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 4.90%, 07/01/2043 |
|
|
5,000 |
|
|
|
5,237 |
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 01/01/2055 |
|
|
4,915 |
|
|
|
5,439 |
|
| North Carolina Medical Care Commission, CaroMont Health, Series A, Rev., 4.00%, 02/01/2036 |
|
|
1,875 |
|
|
|
1,934 |
|
| North Carolina Medical Care Commission, Lutheran Services for the Aging, Rev., 4.00%, 03/01/2041 |
|
|
1,050 |
|
|
|
990 |
|
| North Carolina Medical Care Commission, Presbyterian Homes Obligations, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 10/01/2027 |
|
|
600 |
|
|
|
606 |
|
| Series A, Rev., 4.00%, 10/01/2040 |
|
|
1,600 |
|
|
|
1,588 |
|
| Series A, Rev., 4.00%, 10/01/2045 |
|
|
2,250 |
|
|
|
2,145 |
|
| North Carolina Medical Care Commission, Rex Healthcare, Series A, Rev., 5.00%, 07/01/2031 |
|
|
1,760 |
|
|
|
1,925 |
|
| North Carolina Medical Care Commission, The Forest at Duke Project, Rev., 4.00%, 09/01/2041 |
|
|
830 |
|
|
|
786 |
|
| North Carolina Medical Care Commission, Vidant Health, Rev., 5.00%, 06/01/2045 |
|
|
1,145 |
|
|
|
1,150 |
|
| North Carolina State Education Assistance Authority, Senior Bonds, Series A, Rev., AMT, 5.00%, 06/01/2043 |
|
|
1,190 |
|
|
|
1,218 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| North Carolina — continued |
|
|
|
|
|
|
|
|
| North Carolina Turnpike Authority, Senior Lien, Rev., AGM, 5.00%, 01/01/2038 |
|
|
2,375 |
|
|
|
2,533 |
|
| North Carolina Turnpike Authority, Triangle Expressway System, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 01/01/2053 |
|
|
2,000 |
|
|
|
2,167 |
|
| Rev., AGM, 5.00%, 01/01/2058 |
|
|
2,020 |
|
|
|
2,178 |
|
| North Carolina Turnpike Authority, Triangle Expressway System, Senior Lien, Rev., AGM, 5.00%, 01/01/2049 |
|
|
1,000 |
|
|
|
1,049 |
|
| Raleigh Durham Airport Authority, Series A, Rev., AMT, 5.00%, 05/01/2032 |
|
|
505 |
|
|
|
524 |
|
| State of North Carolina, Rev., 3.00%, 05/01/2028 |
|
|
3,000 |
|
|
|
3,000 |
|
| State of North Carolina, Build Nc Programs, Series B, Rev., 5.00%, 05/01/2027 |
|
|
2,750 |
|
|
|
2,932 |
|
| State of North Carolina, Grant Anticipation Revenue, Rev., 5.00%, 03/01/2029 |
|
|
1,000 |
|
|
|
1,107 |
|
| Town of Fuquay-Varina Combined Utilities Revenue, Series A, Rev., 4.00%, 02/01/2049 |
|
|
3,250 |
|
|
|
3,247 |
|
| Western Carolina University, Series B, Rev., 5.00%, 04/01/2031 |
|
|
2,120 |
|
|
|
2,364 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
104,184 |
|
|
|
|
|
|
|
|
|
|
| North Dakota — 0.4% |
|
|
|
|
|
|
|
|
| Cass County Joint Water Resource District, Series A, Rev., CNTY GTD, 3.45%, 04/01/2027 |
|
|
17,250 |
|
|
|
17,369 |
|
| City of Grand Forks, Altru Health System, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2031 |
|
|
1,500 |
|
|
|
1,568 |
|
| Series A, Rev., AGM, 5.00%, 12/01/2041 |
|
|
1,000 |
|
|
|
1,078 |
|
| County of Ward, Trinity Obligation Group, Series C, Rev., 5.00%, 06/01/2043 |
|
|
2,500 |
|
|
|
2,511 |
|
| North Dakota Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., 4.65%, 07/01/2044 |
|
|
5,000 |
|
|
|
5,149 |
|
| Series B, Rev., 3.00%, 07/01/2051 |
|
|
1,570 |
|
|
|
1,551 |
|
| Series C, Rev., 4.00%, 01/01/2050 |
|
|
585 |
|
|
|
593 |
|
| North Dakota Housing Finance Agency, Home Mortgage Financing Program, Series A, Rev., 3.00%, 01/01/2052 |
|
|
40 |
|
|
|
39 |
|
| North Dakota Housing Finance Agency, Housing Finance Program, Home Mortgage Finance, Series D, Rev., 4.25%, 01/01/2049 |
|
|
1,930 |
|
|
|
1,949 |
|
| North Dakota Housing Finance Agency, Social Bonds, Series B, Rev., 3.00%, 07/01/2052 |
|
|
915 |
|
|
|
900 |
|
| North Dakota Housing Finance Agency, Social Bonds Home Mortgage Finance Program, Rev., 5.75%, 01/01/2054 |
|
|
500 |
|
|
|
541 |
|
| North Dakota Housing Finance Agency, Social Bonds Home Mortgage Financing, Rev., 5.75%, 07/01/2053 |
|
|
1,275 |
|
|
|
1,372 |
|
| North Dakota Housing Finance Agency, Sustainable Bonds Home Mortgage, Rev., 6.25%, 01/01/2054 |
|
|
3,750 |
|
|
|
4,155 |
|
| North Dakota Public Finance Authority, Rev., 5.00%, 10/01/2038 |
|
|
4,840 |
|
|
|
5,681 |
|
| University of North Dakota, Series A, COP, AGM, 4.00%, 06/01/2046 |
|
|
1,480 |
|
|
|
1,469 |
|
| West Fargo Public School District No. 6, Series C, GO, 4.00%, 08/01/2026 |
|
|
300 |
|
|
|
308 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46,233 |
|
|
|
|
|
|
|
|
|
|
| Ohio — 2.1% |
|
|
|
|
|
|
|
|
| Akron Bath Copley Joint Township Hospital District, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/15/2030 |
|
|
700 |
|
|
|
762 |
|
| Rev., 5.25%, 11/15/2046 |
|
|
6,275 |
|
|
|
6,371 |
|
| Akron Bath Copley Joint Township Hospital District, Children’s Hospital Medical, Rev., 4.00%, 11/15/2042 |
|
|
1,265 |
|
|
|
1,247 |
|
| Akron Bath Copley Joint Township Hospital District, Summa Health Obligations, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2034 |
|
|
500 |
|
|
|
499 |
|
| Rev., 4.00%, 11/15/2035 |
|
|
1,000 |
|
|
|
994 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Ohio — continued |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2038 |
|
|
750 |
|
|
|
733 |
|
| American Municipal Power, Inc., Fremont Energy Center Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/15/2036 |
|
|
1,750 |
|
|
|
1,815 |
|
| Rev., 5.00%, 02/15/2026 |
|
|
600 |
|
|
|
620 |
|
| American Municipal Power, Inc., Prairie State Energy Campus, Rev., 5.00%, 02/15/2026 |
|
|
2,500 |
|
|
|
2,581 |
|
| Buckeye Tobacco Settlement Financing Authority, Series B2, Rev., 5.00%, 06/01/2055 |
|
|
7,665 |
|
|
|
7,209 |
|
| Buckeye Tobacco Settlement Financing Authority, Senior, Series A2, Rev., 4.00%, 06/01/2048 |
|
|
2,210 |
|
|
|
2,062 |
|
| City of Chillicothe, Adena Health System, Rev., 5.00%, 12/01/2047 |
|
|
6,000 |
|
|
|
6,103 |
|
| City of Cincinnati, Mercer Commons Phase 2 Project, Rev., 5.00%, 11/01/2035 |
|
|
1,085 |
|
|
|
1,107 |
|
| Columbus Metropolitan Housing Authority, Rev., 4.00%, 06/01/2034 |
|
|
2,000 |
|
|
|
2,024 |
|
| Columbus-Franklin County Finance Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2029 (e) |
|
|
970 |
|
|
|
1,028 |
|
| Rev., 5.00%, 12/01/2038 (e) |
|
|
1,345 |
|
|
|
1,394 |
|
| Columbus-Franklin County Finance Authority, Bridge Park D Block Project, Series A, Rev., 5.00%, 12/01/2051 |
|
|
1,750 |
|
|
|
1,770 |
|
| Columbus-Franklin County Finance Authority, Dering Family Homes Project, Rev., HUD, 5.00%, 07/01/2045 (z) |
|
|
2,200 |
|
|
|
2,288 |
|
| County of Allen OH Hospital Facilities Revenue, Rev., 4.00%, 12/01/2040 |
|
|
1,415 |
|
|
|
1,426 |
|
| County of Allen, Hospital Facilities Revenue, Series A, Rev., 5.00%, 08/01/2027 |
|
|
50 |
|
|
|
53 |
|
| County of Butler, UC Health, Rev., 5.00%, 11/15/2030 |
|
|
1,300 |
|
|
|
1,334 |
|
| County of Franklin, Nationwide Children’s Hospital, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2040 |
|
|
2,000 |
|
|
|
2,001 |
|
| Rev., 5.00%, 11/01/2031 |
|
|
1,000 |
|
|
|
1,137 |
|
| County of Hamilton OH Sewer System Revenue, Rev., 5.00%, 12/01/2049 |
|
|
2,915 |
|
|
|
3,221 |
|
| County of Hamilton, Trihealth, Inc. Obligated Group, Rev., 5.00%, 08/15/2040 |
|
|
1,510 |
|
|
|
1,599 |
|
| County of Lucas, ProMedica Healthcare Obligated Group, Rev., 5.25%, 11/15/2048 |
|
|
2,500 |
|
|
|
2,554 |
|
| County of Miami, Improvement, Kettering Health Network, Rev., 5.00%, 08/01/2049 |
|
|
2,000 |
|
|
|
2,042 |
|
| County of Montgomery, Dayton Children’s Hospital, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/01/2027 |
|
|
725 |
|
|
|
769 |
|
| Rev., 5.00%, 08/01/2029 |
|
|
145 |
|
|
|
159 |
|
| Rev., 5.00%, 08/01/2033 |
|
|
230 |
|
|
|
257 |
|
| County of Montgomery, Kettering Health Network Obligations, Rev., 4.00%, 08/01/2041 |
|
|
1,200 |
|
|
|
1,204 |
|
| County of Van Wert, Van Wert Health Obligated, Rev., 6.13%, 12/01/2049 (p) |
|
|
1,900 |
|
|
|
2,164 |
|
| Franklin County Convention Facilities Authority, Greater Columbus Convention Center, Rev., 5.00%, 12/01/2044 |
|
|
1,000 |
|
|
|
1,008 |
|
| Hamilton City School District, Various Purpose, GO, 5.00%, 12/01/2034 (p) |
|
|
1,500 |
|
|
|
1,504 |
|
| Jefferson County Port Authority, JSW Steel USA Ohio, Rev., AMT, 5.00%, 12/01/2053 (e) (z) |
|
|
5,835 |
|
|
|
5,985 |
|
| Lancaster Port Authority, Series A, Rev., LIQ: Royal Bank of Canada, 5.00%, 08/01/2049 (z) |
|
|
5,000 |
|
|
|
5,028 |
|
| Miami University, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 09/01/2028 |
|
|
515 |
|
|
|
563 |
|
| Series A, Rev., 5.00%, 09/01/2030 |
|
|
1,005 |
|
|
|
1,137 |
|
| Series A, Rev., 5.00%, 09/01/2037 |
|
|
925 |
|
|
|
1,079 |
|
| Northeast Ohio Medical University, Rev., BAM, 5.00%, 12/01/2043 |
|
|
1,475 |
|
|
|
1,569 |
|
| Ohio Air Quality Development Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 3.70%, 04/01/2028 (w) |
|
|
3,345 |
|
|
|
3,358 |
|
| Rev., AMT, 3.70%, 10/01/2028 (w) |
|
|
3,345 |
|
|
|
3,360 |
|
| Ohio Air Quality Development Authority, American Electric Power, Rev., AMT, 2.10%, 07/01/2028 (z) |
|
|
2,500 |
|
|
|
2,500 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Ohio — continued |
|
|
|
|
|
|
|
|
| Ohio Air Quality Development Authority, American Electric Power Co. Project, Rev., AMT, 2.50%, 08/01/2040 (z) |
|
|
2,500 |
|
|
|
2,357 |
|
| Ohio Air Quality Development Authority, American Electric Power Company, |
|
|
|
|
|
|
|
|
| Rev., 1.90%, 05/01/2026 (z) |
|
|
5,000 |
|
|
|
5,000 |
|
| Series A, Rev., AMT, 2.10%, 01/01/2029 (z) |
|
|
1,250 |
|
|
|
1,250 |
|
| Ohio Air Quality Development Authority, AMG Vanadium Project, Rev., AMT, 5.00%, 07/01/2049 (e) |
|
|
9,000 |
|
|
|
9,000 |
|
| Ohio Air Quality Development Authority, Dayton Power & Light, Rev., AMT, 4.25%, 11/01/2040 (z) |
|
|
7,000 |
|
|
|
7,183 |
|
| Ohio Air Quality Development Authority, Duke Energy, Rev., AMT, 4.25%, 11/01/2039 (z) |
|
|
7,205 |
|
|
|
7,334 |
|
| Ohio Air Quality Development Authority, Ohio Valley Electric Corp., Rev., AMT, 2.50%, 11/01/2042 (z) |
|
|
1,000 |
|
|
|
943 |
|
| Ohio Air Quality Development Authority, Ohio Valley Electric Corp. Project, |
|
|
|
|
|
|
|
|
| Rev., 1.38%, 02/01/2026 (z) |
|
|
1,875 |
|
|
|
1,870 |
|
| Rev., 1.50%, 02/01/2026 (z) |
|
|
120 |
|
|
|
116 |
|
| Ohio Higher Educational Facility Commission, Rev., 4.00%, 10/01/2050 |
|
|
1,500 |
|
|
|
1,380 |
|
| Ohio Higher Educational Facility Commission, Case Western Reserve, Rev., (SIFMA Municipal Swap Index + 0.23%), 3.38%, 12/01/2042 (aa) |
|
|
155 |
|
|
|
153 |
|
| Ohio Higher Educational Facility Commission, Case Western Reserve University, Rev., 5.00%, 12/01/2040 |
|
|
1,065 |
|
|
|
1,108 |
|
| Ohio Higher Educational Facility Commission, Hospital Cleveland Clinic, Series B4, Rev., VRDO, 4.10%, 10/01/2024 (z) |
|
|
15,000 |
|
|
|
15,000 |
|
| Ohio Higher Educational Facility Commission, Senior University Circle, Inc., Rev., 5.00%, 01/15/2050 |
|
|
1,000 |
|
|
|
1,047 |
|
| Ohio Higher Educational Facility Commission, University of Dayton, Rev., 5.00%, 02/01/2034 |
|
|
1,125 |
|
|
|
1,231 |
|
| Ohio Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 03/01/2055 |
|
|
1,250 |
|
|
|
1,405 |
|
| Series A, Rev., GNMA/FNMA/FHLMC, 4.50%, 09/01/2048 |
|
|
790 |
|
|
|
802 |
|
| Ohio Housing Finance Agency, Mortgage Backed Securities Program, Rev., GNMA/FNMA/FHLMC, 3.25%, 09/01/2052 |
|
|
5,510 |
|
|
|
5,478 |
|
| Ohio Housing Finance Agency, Robert Cassidy Manor Apartments, Rev., FHA HUD, 5.00%, 04/01/2026 (z) |
|
|
3,060 |
|
|
|
3,082 |
|
| Ohio Housing Finance Agency, Thornwood Commons, Rev., FHA HUD, 5.00%, 12/01/2026 (z) |
|
|
2,000 |
|
|
|
2,041 |
|
| Ohio State University (The), Sustainable Bonds Multiyear Debt, Rev., 4.00%, 12/01/2041 |
|
|
2,060 |
|
|
|
2,120 |
|
| Ohio Turnpike & Infrastructure Commission, Infrastructure Projects, Series A, Rev., 4.00%, 02/15/2038 |
|
|
1,500 |
|
|
|
1,523 |
|
| Ohio Turnpike & Infrastructure Commission, Junior Lien Infrastructure, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/15/2028 |
|
|
500 |
|
|
|
541 |
|
| Rev., 5.00%, 02/15/2033 |
|
|
365 |
|
|
|
426 |
|
| Ohio Water Development Authority, Series A, Rev., 5.00%, 06/01/2029 |
|
|
500 |
|
|
|
556 |
|
| Ohio Water Development Authority Water Pollution Control Loan Fund, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 12/01/2030 |
|
|
3,000 |
|
|
|
3,427 |
|
| Series B, Rev., 3.00%, 12/01/2034 |
|
|
125 |
|
|
|
124 |
|
| Ohio Water Development Authority Water Pollution Control Loan Fund, Loan Fund, Series A, Rev., 5.00%, 12/01/2031 |
|
|
1,000 |
|
|
|
1,060 |
|
| Ohio Water Development Authority Water Pollution Control Loan Fund, Sustainable Bonds Water Pollution, Rev., 5.00%, 12/01/2033 |
|
|
4,420 |
|
|
|
5,224 |
|
| Ohio Water Development Authority, Sustainability Bond, Series A, Rev., 5.00%, 06/01/2031 |
|
|
300 |
|
|
|
345 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Ohio — continued |
|
|
|
|
|
|
|
|
| Port of Greater Cincinnati Development Authority, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.25%, 12/01/2048 |
|
|
4,865 |
|
|
|
4,889 |
|
| Rev., 5.00%, 12/01/2053 |
|
|
5,985 |
|
|
|
6,414 |
|
| State of Ohio, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 08/15/2048 |
|
|
3,000 |
|
|
|
3,353 |
|
| Series A2, Rev., 4.00%, 04/01/2033 |
|
|
3,000 |
|
|
|
3,009 |
|
| Series A, GO, 5.00%, 03/01/2034 |
|
|
1,000 |
|
|
|
1,176 |
|
| Series X, GO, 5.00%, 05/01/2035 |
|
|
300 |
|
|
|
346 |
|
| State of Ohio, Cleveland Clinic Health System, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2033 |
|
|
2,410 |
|
|
|
2,761 |
|
| Rev., 5.00%, 01/01/2034 |
|
|
2,425 |
|
|
|
2,772 |
|
| Rev., 5.00%, 01/01/2039 |
|
|
570 |
|
|
|
635 |
|
| Series A, Rev., 5.00%, 01/01/2027 |
|
|
940 |
|
|
|
992 |
|
| State of Ohio, Common Schools, Series C, GO, 5.00%, 03/15/2030 |
|
|
125 |
|
|
|
141 |
|
| State of Ohio, Garvee, |
|
|
|
|
|
|
|
|
| Series 1A, Rev., 5.00%, 12/15/2025 |
|
|
800 |
|
|
|
823 |
|
| Series 1A, Rev., 5.00%, 12/15/2028 |
|
|
1,000 |
|
|
|
1,103 |
|
| Series 2022-1, Rev., 5.00%, 12/15/2028 |
|
|
1,000 |
|
|
|
1,103 |
|
| Series 2022-1, Rev., 5.00%, 12/15/2031 |
|
|
1,000 |
|
|
|
1,134 |
|
| State of Ohio, Higher Education, |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 05/01/2032 |
|
|
10,000 |
|
|
|
10,589 |
|
| Series C, GO, 5.00%, 08/01/2028 (p) |
|
|
350 |
|
|
|
384 |
|
| State of Ohio, Infrastructure Improvement, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 09/01/2025 |
|
|
1,075 |
|
|
|
1,088 |
|
| GO, 4.00%, 09/01/2027 |
|
|
1,690 |
|
|
|
1,766 |
|
| GO, 5.00%, 03/01/2034 |
|
|
1,000 |
|
|
|
1,159 |
|
| State of Ohio, Premier Health Partners, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2039 |
|
|
1,320 |
|
|
|
1,257 |
|
| Rev., 4.00%, 11/15/2041 |
|
|
1,450 |
|
|
|
1,359 |
|
| Rev., 5.00%, 11/15/2028 |
|
|
680 |
|
|
|
716 |
|
| State of Ohio, University Hospital Health, Rev., VRDO, 3.40%, 10/01/2024 (z) |
|
|
1,500 |
|
|
|
1,500 |
|
| State of Ohio, University Hospitals Health, Rev., 4.00%, 01/15/2037 |
|
|
1,000 |
|
|
|
1,012 |
|
| State of Ohio, University Hospitals Health System, Series A, Rev., 5.00%, 01/15/2041 |
|
|
1,000 |
|
|
|
1,015 |
|
| Summit County Development Finance Authority, University of Akron Parking Project, Rev., 5.63%, 12/01/2048 |
|
|
4,645 |
|
|
|
5,064 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
228,304 |
|
|
|
|
|
|
|
|
|
|
| Oklahoma — 0.7% |
|
|
|
|
|
|
|
|
| Creek County Educational Facilities Authority, Sapulpa Public Schools Project, Rev., BAM, 4.13%, 09/01/2048 |
|
|
4,250 |
|
|
|
4,269 |
|
| Grand River Dam Authority, Rev., 5.00%, 06/01/2037 |
|
|
1,850 |
|
|
|
2,129 |
|
| Oklahoma City Economic Development Trust, Increment District #8 Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 03/01/2032 |
|
|
1,640 |
|
|
|
1,742 |
|
| Rev., 4.00%, 03/01/2033 |
|
|
5,000 |
|
|
|
5,304 |
|
| Rev., 4.00%, 03/01/2034 |
|
|
4,440 |
|
|
|
4,697 |
|
| Oklahoma City Water Utilities Trust, Rev., 5.25%, 07/01/2059 |
|
|
10,000 |
|
|
|
11,233 |
|
| Oklahoma Development Finance Authority, Integris, Series A, Rev., 4.00%, 08/15/2038 |
|
|
2,000 |
|
|
|
2,002 |
|
| Oklahoma Development Finance Authority, Integris Obligated Group, Rev., VRDO, 3.60%, 10/07/2024 (z) |
|
|
1,810 |
|
|
|
1,810 |
|
Oklahoma Development Finance Authority, OU Health Project, Series A, Rev., 5.50%,
08/15/2037 (e) |
|
|
1,110 |
|
|
|
1,184 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Oklahoma — continued |
|
|
|
|
|
|
|
|
| Oklahoma Development Finance Authority, OU Medicine Project, Series B, Rev., 5.50%, 08/15/2057 |
|
|
8,000 |
|
|
|
8,255 |
|
| Oklahoma Housing Finance Agency, Rev., GNMA/FNMA/FHLMC, 6.25%, 09/01/2055 |
|
|
775 |
|
|
|
883 |
|
| Oklahoma Housing Finance Agency, Home Ownership Loan Program, Rev., GNMA/FNMA/FHLMC, 6.50%, 09/01/2054 |
|
|
2,670 |
|
|
|
3,052 |
|
| Oklahoma Turnpike Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., 3.75%, 01/01/2033 |
|
|
1,000 |
|
|
|
1,004 |
|
| Series A, Rev., 5.00%, 01/01/2037 |
|
|
1,665 |
|
|
|
1,707 |
|
| Oklahoma Water Resources Board, |
|
|
|
|
|
|
|
|
| Rev., 4.25%, 10/01/2050 |
|
|
4,200 |
|
|
|
4,268 |
|
| Series B, Rev., 5.00%, 10/01/2026 |
|
|
1,255 |
|
|
|
1,319 |
|
| Oklahoma Water Resources Board, Drinking Water Program 2019 Master, Rev., 4.00%, 04/01/2048 |
|
|
13,950 |
|
|
|
13,993 |
|
| Osage County Industrial Authority, Rev., 5.75%, 09/01/2053 |
|
|
1,000 |
|
|
|
1,020 |
|
| Tulsa County Independent School District No. 1 Tulsa, Series B, GO, 2.00%, 09/01/2026 |
|
|
1,500 |
|
|
|
1,470 |
|
| University of Oklahoma, Series A, Rev., BAM, 5.00%, 07/01/2042 |
|
|
1,740 |
|
|
|
1,965 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73,306 |
|
|
|
|
|
|
|
|
|
|
| Oregon — 1.1% |
|
|
|
|
|
|
|
|
| Astoria Hospital Facilities Authority, Rev., 5.25%, 08/01/2054 |
|
|
1,340 |
|
|
|
1,435 |
|
| City of Portland Sewer System Revenue, Second Lien, Series A, Rev., 5.00%, 12/01/2031 |
|
|
2,670 |
|
|
|
3,081 |
|
| City of Portland Water System Revenue, Second Lien, Series A, Rev., 4.00%, 05/01/2039 |
|
|
500 |
|
|
|
511 |
|
| Jackson County School District No. 5 Ashland, GO, SCH BD GTY, 5.00%, 06/15/2030 |
|
|
1,000 |
|
|
|
1,105 |
|
| Medford Hospital Facilities Authority, Asante Project, Series A, Rev., AGM, 4.00%, 08/15/2045 |
|
|
9,740 |
|
|
|
9,611 |
|
| Multnomah County School District No. 1 Portland, GO, SCH BD GTY, 5.00%, 06/15/2028 |
|
|
1,850 |
|
|
|
2,022 |
|
| Oregon Health & Science University, Series B1, Rev., 5.00%, 07/01/2046 (z) |
|
|
1,500 |
|
|
|
1,641 |
|
| Oregon State Facilities Authority, Samaritan Health Services, Rev., 5.00%, 10/01/2040 |
|
|
1,750 |
|
|
|
1,829 |
|
| Oregon State Facilities Authority, Samaritan Health Services Project, Rev., 5.00%, 10/01/2031 |
|
|
1,740 |
|
|
|
1,781 |
|
| Port of Portland Airport Revenue, |
|
|
|
|
|
|
|
|
| Series 24B, Rev., AMT, 5.00%, 07/01/2037 |
|
|
1,000 |
|
|
|
1,027 |
|
| Series 27A, Rev., AMT, 5.00%, 07/01/2028 |
|
|
1,595 |
|
|
|
1,698 |
|
| Series 27A, Rev., AMT, 5.00%, 07/01/2034 |
|
|
1,455 |
|
|
|
1,565 |
|
| Series 27A, Rev., AMT, 5.00%, 07/01/2036 |
|
|
1,000 |
|
|
|
1,070 |
|
| Port of Portland Airport Revenue, Green Bonds, Rev., AMT, 5.00%, 07/01/2036 |
|
|
500 |
|
|
|
550 |
|
| Port of Portland Airport Revenue, Portland International Air, Rev., AMT, 5.00%, 07/01/2035 |
|
|
1,270 |
|
|
|
1,346 |
|
| Port of Portland Airport Revenue, Portland International Airport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2026 |
|
|
1,145 |
|
|
|
1,182 |
|
| Rev., AMT, 5.00%, 07/01/2031 |
|
|
2,230 |
|
|
|
2,381 |
|
| Series 25B, Rev., AMT, 5.00%, 07/01/2039 |
|
|
1,020 |
|
|
|
1,070 |
|
| Port of Portland OR Airport Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2047 |
|
|
5,000 |
|
|
|
5,083 |
|
| Rev., AMT, 5.25%, 07/01/2040 |
|
|
2,000 |
|
|
|
2,259 |
|
| Rev., AMT, 5.25%, 07/01/2041 |
|
|
1,895 |
|
|
|
2,129 |
|
| Rev., AMT, 5.25%, 07/01/2049 |
|
|
23,500 |
|
|
|
25,823 |
|
| Rev., AMT, 5.25%, 07/01/2054 |
|
|
21,250 |
|
|
|
23,147 |
|
| Salem Hospital Facility Authority, Capital Manor Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/15/2032 |
|
|
185 |
|
|
|
182 |
|
| Rev., 4.00%, 05/15/2040 |
|
|
750 |
|
|
|
698 |
|
| Salem Hospital Facility Authority, Salem Health Projects, Series A, Rev., 5.00%, 05/15/2046 |
|
|
3,000 |
|
|
|
3,035 |
|
| State of Oregon Department of Transportation, Subordinate, Series A, Rev., 5.00%, 11/15/2036 |
|
|
9,095 |
|
|
|
9,992 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Oregon — continued |
|
|
|
|
|
|
|
|
| State of Oregon Housing & Community Services Department, Series C, Rev., 3.00%, 01/01/2052 |
|
|
3,130 |
|
|
|
3,093 |
|
| State of Oregon Housing & Community Services Department, Single Family Mortgage Program, Series A, Rev., 3.00%, 07/01/2052 |
|
|
615 |
|
|
|
607 |
|
| State of Oregon, Article XI Q, Series F, GO, 5.00%, 05/01/2030 |
|
|
100 |
|
|
|
104 |
|
| State of Oregon, Article XI Q State Project, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 05/01/2025 |
|
|
500 |
|
|
|
506 |
|
| GO, 5.00%, 05/01/2030 |
|
|
405 |
|
|
|
459 |
|
| State of Oregon, Article XI-Q State Project, Series A, GO, 5.00%, 05/01/2027 |
|
|
1,220 |
|
|
|
1,300 |
|
| State of Oregon, Veterans Welfare Bonds, GO, 5.50%, 12/01/2053 |
|
|
260 |
|
|
|
283 |
|
| State of Oregon, Veterans Welfare Bonds Series, GO, 3.00%, 12/01/2051 |
|
|
1,295 |
|
|
|
1,273 |
|
| University of Oregon, Series A, Rev., 5.00%, 04/01/2048 |
|
|
1,000 |
|
|
|
1,040 |
|
| Yamhill Clackamas & Washington Counties School District No. 29J Newberg, Series B, GO, SCH BD GTY, 4.00%, 06/15/2039 |
|
|
3,620 |
|
|
|
3,748 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
119,666 |
|
|
|
|
|
|
|
|
|
|
| Pennsylvania — 4.7% |
|
|
|
|
|
|
|
|
| Allegheny County Airport Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., AGM, AMT, 4.00%, 01/01/2046 |
|
|
11,800 |
|
|
|
11,634 |
|
| Series A, Rev., AGM-CR, AMT, 4.00%, 01/01/2056 |
|
|
8,920 |
|
|
|
8,465 |
|
| Series B, Rev., AGM, 4.00%, 01/01/2039 |
|
|
2,635 |
|
|
|
2,682 |
|
| Allegheny County Hospital Development Authority, Health Network Obligations, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/01/2033 |
|
|
1,000 |
|
|
|
1,054 |
|
| Series A, Rev., 5.00%, 04/01/2047 |
|
|
1,560 |
|
|
|
1,599 |
|
| Allegheny County Hospital Development Authority, University of Pittsburgh Medical Center, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/15/2037 |
|
|
1,000 |
|
|
|
1,017 |
|
| Rev., 4.00%, 07/15/2038 |
|
|
3,185 |
|
|
|
3,217 |
|
| Rev., 5.00%, 07/15/2030 |
|
|
1,000 |
|
|
|
1,093 |
|
| Allegheny County Industrial Development Authority, United States Steel Corp., Rev., 4.88%, 11/01/2024 |
|
|
1,500 |
|
|
|
1,501 |
|
| Allegheny County Sanitary Authority, Rev., 5.75%, 06/01/2047 |
|
|
2,250 |
|
|
|
2,597 |
|
| Allegheny County, Hospital Development Authority, Pittsburg University Medical Center, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 07/15/2036 |
|
|
4,795 |
|
|
|
4,884 |
|
| Series A, Rev., 5.00%, 07/15/2027 |
|
|
765 |
|
|
|
816 |
|
| Allegheny County, Sanitary Authority, |
|
|
|
|
|
|
|
|
| Series B, Rev., 4.00%, 06/01/2035 |
|
|
400 |
|
|
|
418 |
|
| Series B, Rev., 4.00%, 06/01/2036 |
|
|
675 |
|
|
|
703 |
|
| Series B, Rev., 5.00%, 06/01/2030 |
|
|
500 |
|
|
|
563 |
|
| Allentown Neighborhood Improvement Zone Development Authority, Rev., 5.25%, 05/01/2032 (e) |
|
|
500 |
|
|
|
525 |
|
| Allentown Neighborhood Improvement Zone Development Authority, Forward Delivery, Rev., 5.00%, 05/01/2042 |
|
|
1,000 |
|
|
|
1,057 |
|
| Allentown Neighborhood Improvement Zone Development Authority, Neuweiler Lofts Project, Rev., 6.25%, 05/01/2042 (e) |
|
|
2,010 |
|
|
|
2,050 |
|
| Allentown Neighborhood Improvement Zone Development Authority, Senior Tax Revenue, Rev., 6.00%, 05/01/2042 (e) |
|
|
180 |
|
|
|
192 |
|
| Altoona Area School District, GO, BAM, 5.00%, 12/01/2048 (p) |
|
|
1,000 |
|
|
|
1,027 |
|
| Bentworth School District, Series A, GO, BAM, 4.00%, 03/15/2025 |
|
|
1,380 |
|
|
|
1,385 |
|
| Berks County Municipal Authority (The), |
|
|
|
|
|
|
|
|
| Rev., 0.00%, 06/30/2044 |
|
|
1,647 |
|
|
|
1,007 |
|
| Rev., 5.00%, 06/30/2039 |
|
|
3,054 |
|
|
|
3,023 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Pennsylvania — continued |
|
|
|
|
|
|
|
|
| Rev., 6.00%, 06/30/2034 |
|
|
243 |
|
|
|
264 |
|
| Rev., 7.00%, 06/30/2039 |
|
|
700 |
|
|
|
637 |
|
| Rev., 8.00%, 06/30/2034 |
|
|
510 |
|
|
|
521 |
|
| Bethlehem Area School District Authority, Bethlehem Area School District, |
|
|
|
|
|
|
|
|
| Rev., (United States SOFR * 0.67 + 0.35%), 3.59%, 01/01/2030 (aa) |
|
|
230 |
|
|
|
229 |
|
| Rev., (United States SOFR * 0.67 + 0.35%), 3.59%, 07/01/2031 (aa) |
|
|
270 |
|
|
|
268 |
|
| Rev., (United States SOFR * 0.67 + 0.35%), 3.59%, 01/01/2032 (aa) |
|
|
240 |
|
|
|
239 |
|
| Capital Region Water, Water Revenue, Rev., 5.00%, 07/15/2032 |
|
|
1,000 |
|
|
|
1,075 |
|
| Central Bradford Progress Authority, Guthrie Clinic, Rev., VRDO, 3.77%, 10/07/2024 (z) |
|
|
400 |
|
|
|
400 |
|
| Chartiers Valley School District, Series B, GO, 5.00%, 10/15/2040 (p) |
|
|
1,000 |
|
|
|
1,010 |
|
| Chester County Industrial Development Authority, Avon Grove Charter School, Rev., 5.00%, 03/01/2027 |
|
|
185 |
|
|
|
190 |
|
| Chester County School Authority, Chester County Intermediate Unit, |
|
|
|
|
|
|
|
|
| Rev., BAM, 5.00%, 04/01/2037 |
|
|
1,000 |
|
|
|
1,101 |
|
| Rev., BAM, 5.00%, 04/01/2039 |
|
|
1,000 |
|
|
|
1,086 |
|
| Rev., BAM, 5.00%, 04/01/2040 |
|
|
1,550 |
|
|
|
1,678 |
|
| Rev., BAM, 5.00%, 04/01/2043 |
|
|
1,000 |
|
|
|
1,074 |
|
| City of Lancaster, GO, BAM, 5.00%, 11/01/2047 |
|
|
6,665 |
|
|
|
7,131 |
|
| City of Philadelphia, |
|
|
|
|
|
|
|
|
| GO, AGM, 5.00%, 08/01/2031 |
|
|
1,795 |
|
|
|
1,901 |
|
| Series A, GO, 5.00%, 08/01/2030 |
|
|
4,000 |
|
|
|
4,059 |
|
| City of Philadelphia Airport Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 07/01/2047 |
|
|
5,000 |
|
|
|
5,136 |
|
| Series B, Rev., AMT, 5.00%, 07/01/2035 |
|
|
2,235 |
|
|
|
2,316 |
|
| Series C, Rev., AMT, 4.00%, 07/01/2050 |
|
|
1,500 |
|
|
|
1,418 |
|
| Series C, Rev., AMT, 5.00%, 07/01/2028 |
|
|
10,000 |
|
|
|
10,639 |
|
| City of Philadelphia Airport Revenue, Private Activity, Rev., AGM, AMT, 4.00%, 07/01/2041 |
|
|
1,100 |
|
|
|
1,093 |
|
| City of Philadelphia PA Airport Revenue, Rev., AMT, 5.00%, 07/01/2042 |
|
|
4,440 |
|
|
|
4,545 |
|
| City of Philadelphia Water & Wastewater Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/01/2040 |
|
|
2,790 |
|
|
|
3,039 |
|
| Series A, Rev., 5.00%, 11/01/2045 |
|
|
7,000 |
|
|
|
7,509 |
|
| Series C, Rev., 5.00%, 06/01/2042 |
|
|
1,000 |
|
|
|
1,099 |
|
| Commonwealth Financing Authority, Tobacco Master Settlement Payment, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 06/01/2039 |
|
|
6,340 |
|
|
|
6,385 |
|
| Rev., 5.00%, 06/01/2025 |
|
|
1,820 |
|
|
|
1,842 |
|
| Commonwealth of Pennsylvania, |
|
|
|
|
|
|
|
|
| Series 1, GO, 4.00%, 03/15/2034 |
|
|
5,000 |
|
|
|
5,020 |
|
| Series 1, GO, 4.00%, 03/01/2035 |
|
|
3,650 |
|
|
|
3,745 |
|
| Commonwealth of Pennsylvania, Bidding Group C First Series, Series 1, GO, 4.00%, 09/01/2040 |
|
|
5,000 |
|
|
|
5,193 |
|
| County of Allegheny, Series C75, GO, 5.00%, 11/01/2028 |
|
|
2,305 |
|
|
|
2,421 |
|
| County of Lehigh, St. Luke’s Hospital Project, Rev., (SIFMA Municipal Swap Index + 1.10%), 4.25%, 08/15/2038 (aa) |
|
|
355 |
|
|
|
352 |
|
| Cumberland County Municipal Authority, Rev., 5.00%, 05/01/2030 |
|
|
1,000 |
|
|
|
1,030 |
|
| Cumberland County Municipal Authority, Unrefunded Diakon Lutheran, Rev., 5.00%, 01/01/2038 |
|
|
3,000 |
|
|
|
3,004 |
|
| Delaware River Port Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2037 |
|
|
3,000 |
|
|
|
3,008 |
|
| Rev., 5.00%, 01/01/2040 |
|
|
10,000 |
|
|
|
10,040 |
|
| Delaware Valley Regional Finance Authority, |
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Pennsylvania — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., AMBAC, 5.50%, 08/01/2028 |
|
|
3,595 |
|
|
|
3,936 |
|
| Series C, Rev., (CME Term SOFR 3 Month * 0.67 + 0.75%), 4.31%, 06/01/2037 (aa) |
|
|
250 |
|
|
|
234 |
|
| DuBois Hospital Authority, Penn Highlands Healthcare Bay, Rev., BAM, 4.00%, 07/15/2043 |
|
|
6,450 |
|
|
|
6,374 |
|
| Geisinger Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/15/2039 |
|
|
1,750 |
|
|
|
1,756 |
|
| Rev., 4.00%, 02/15/2047 |
|
|
2,500 |
|
|
|
2,457 |
|
| Geisinger Authority, Geisinger Health System Obligation Group, Rev., 4.00%, 04/01/2039 |
|
|
7,000 |
|
|
|
7,033 |
|
| Geisinger Authority, Geisinger Health System Se, Rev., 5.00%, 02/15/2045 |
|
|
5,560 |
|
|
|
5,688 |
|
| Lancaster County Hospital Authority, Auth Masonic Villages Project, Rev., 5.13%, 11/01/2038 |
|
|
1,675 |
|
|
|
1,832 |
|
| Lancaster County Hospital Authority, Penn State Health, Rev., 5.00%, 11/01/2037 |
|
|
600 |
|
|
|
642 |
|
| Lancaster Industrial Development Authority, Landis Homes Retirement Community, Rev., 4.00%, 07/01/2056 |
|
|
765 |
|
|
|
678 |
|
| Lancaster Municipal Authority, Rev., 5.00%, 05/01/2049 |
|
|
900 |
|
|
|
949 |
|
| Lehigh County Industrial Development Authority, PPL Electric Utilities Project, Series A, Rev., 3.00%, 09/01/2029 |
|
|
3,455 |
|
|
|
3,451 |
|
| Monroe County Hospital Authority/PA, Rev., 5.10%, 06/15/2039 (e) |
|
|
4,890 |
|
|
|
4,972 |
|
| Monroeville Finance Authority, |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 02/15/2029 |
|
|
1,425 |
|
|
|
1,565 |
|
| Series B, Rev., 5.00%, 02/15/2038 |
|
|
1,200 |
|
|
|
1,330 |
|
| Series B, Rev., 5.00%, 02/15/2039 |
|
|
2,000 |
|
|
|
2,198 |
|
| Montgomery County Higher Education and Health Authority, Thomas Jefferson University, Rev., 4.00%, 05/01/2038 |
|
|
250 |
|
|
|
253 |
|
| Montgomery County Higher Education and Health Authority, Thomas Jefferson University Project, Rev., 4.00%, 09/01/2044 |
|
|
1,610 |
|
|
|
1,554 |
|
| Montgomery County Industrial Development Authority, Constellation Energy, Rev., 4.10%, 04/01/2053 (z) |
|
|
8,435 |
|
|
|
8,668 |
|
| Montgomery County Industrial Development Authority, Retirement Life Communities, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 11/15/2033 |
|
|
1,500 |
|
|
|
1,545 |
|
| Series C, Rev., 5.00%, 11/15/2045 |
|
|
2,585 |
|
|
|
2,696 |
|
| New Castle Sanitation Authority, Series A, Rev., AGM, 3.00%, 06/01/2029 |
|
|
500 |
|
|
|
503 |
|
| Norristown Area School District, GO, 5.00%, 09/01/2026 |
|
|
1,500 |
|
|
|
1,564 |
|
| Northampton County General Purpose Authority, Rev., 5.00%, 08/15/2048 |
|
|
1,125 |
|
|
|
1,155 |
|
| Northampton County General Purpose Authority, St. Luke’s University Health Network, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/15/2046 |
|
|
5,030 |
|
|
|
5,075 |
|
| Rev., AGM, 5.00%, 08/15/2049 |
|
|
4,000 |
|
|
|
4,433 |
|
| Pennsylvania Economic Development Financing Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/15/2048 |
|
|
2,055 |
|
|
|
2,005 |
|
| Rev., 5.00%, 05/15/2031 |
|
|
2,385 |
|
|
|
2,671 |
|
| Rev., 5.25%, 12/01/2038 (z) |
|
|
1,500 |
|
|
|
1,528 |
|
| Pennsylvania Economic Development Financing Authority Parking System Revenue, Senior Insured Capitol, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 01/01/2041 |
|
|
1,000 |
|
|
|
1,013 |
|
| Rev., AGM, 4.00%, 01/01/2042 |
|
|
1,035 |
|
|
|
1,042 |
|
| Rev., AGM, 4.13%, 01/01/2043 |
|
|
1,070 |
|
|
|
1,079 |
|
| Rev., AGM, 5.00%, 01/01/2034 |
|
|
2,000 |
|
|
|
2,211 |
|
| Pennsylvania Economic Development Financing Authority, Covanta Project Sustainable, Rev., AMT, 3.25%, 08/01/2039 (e) |
|
|
2,515 |
|
|
|
2,089 |
|
| Pennsylvania Economic Development Financing Authority, Pennsylvania Bridges Finco LP P3 Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 12/31/2030 |
|
|
3,460 |
|
|
|
3,542 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Pennsylvania — continued |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 12/31/2034 |
|
|
2,000 |
|
|
|
2,041 |
|
| Rev., AMT, 5.00%, 06/30/2042 |
|
|
1,250 |
|
|
|
1,266 |
|
| Pennsylvania Economic Development Financing Authority, Philadelphia Biosolids Facility, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 01/01/2028 |
|
|
1,590 |
|
|
|
1,601 |
|
| Rev., 4.00%, 01/01/2029 |
|
|
450 |
|
|
|
453 |
|
| Rev., 4.00%, 01/01/2031 |
|
|
800 |
|
|
|
803 |
|
| Pennsylvania Economic Development Financing Authority, The Penndot Major Bridges, |
|
|
|
|
|
|
|
|
| Rev., AGM, AMT, 5.00%, 12/31/2057 |
|
|
6,730 |
|
|
|
7,079 |
|
| Rev., AMT, 5.25%, 06/30/2035 |
|
|
1,500 |
|
|
|
1,669 |
|
| Rev., AGM, AMT, 5.50%, 06/30/2042 |
|
|
5,640 |
|
|
|
6,304 |
|
| Rev., AMT, 5.75%, 06/30/2048 |
|
|
3,750 |
|
|
|
4,181 |
|
| Rev., AGM, AMT, 5.75%, 12/31/2062 |
|
|
2,500 |
|
|
|
2,819 |
|
| Rev., AMT, 6.00%, 06/30/2061 |
|
|
1,150 |
|
|
|
1,300 |
|
| Pennsylvania Economic Development Financing Authority, The PennDOT Major Bridges, Rev., AMT, 5.25%, 06/30/2053 |
|
|
2,000 |
|
|
|
2,115 |
|
| Pennsylvania Economic Development Financing Authority, UPMC, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 4.00%, 04/15/2045 |
|
|
5,440 |
|
|
|
5,374 |
|
| Series A, Rev., 4.00%, 02/15/2042 |
|
|
1,330 |
|
|
|
1,335 |
|
| Series A, Rev., 5.00%, 02/01/2030 |
|
|
4,960 |
|
|
|
4,965 |
|
| Pennsylvania Economic Development Financing Authority, Villanova University Project, Rev., 5.00%, 08/01/2049 |
|
|
2,525 |
|
|
|
2,813 |
|
| Pennsylvania Economic Development Financing Authority, Waste Management Project, Rev., 0.95%, 12/01/2033 (z) |
|
|
2,000 |
|
|
|
1,861 |
|
| Pennsylvania Economic Development Financing Authority, Waste Management, Inc., Rev., AMT, 1.10%, 06/01/2031 (z) |
|
|
2,000 |
|
|
|
1,889 |
|
| Pennsylvania Economic Development Financing Authority, Waste Management, Inc. Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.25%, 08/01/2038 (z) |
|
|
8,000 |
|
|
|
8,007 |
|
| Rev., AMT, 4.25%, 08/01/2045 (z) |
|
|
10,000 |
|
|
|
9,998 |
|
| Rev., AMT, 4.60%, 10/01/2046 (z) |
|
|
10,000 |
|
|
|
10,109 |
|
| Pennsylvania Higher Education Assistance Agency, Series A, Rev., AMT, 5.00%, 06/01/2026 |
|
|
95 |
|
|
|
97 |
|
| Pennsylvania Higher Education Assistance Agency, Senior, |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.13%, 06/01/2045 |
|
|
490 |
|
|
|
481 |
|
| Series A, Rev., AMT, 5.00%, 06/01/2028 |
|
|
3,775 |
|
|
|
3,961 |
|
| Pennsylvania Higher Educational Facilities Authority, Thomas Jefferson University, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 09/01/2050 |
|
|
1,345 |
|
|
|
1,348 |
|
| Rev., AGM-CR, 5.25%, 09/01/2050 |
|
|
7,000 |
|
|
|
7,033 |
|
| Pennsylvania Higher Educational Facilities Authority, Trustees University, Series A, Rev., 4.00%, 02/15/2043 |
|
|
1,000 |
|
|
|
1,005 |
|
| Pennsylvania Higher Educational Facilities Authority, University of Pennsylvania Health System, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/15/2042 |
|
|
1,250 |
|
|
|
1,288 |
|
| Rev., 5.00%, 08/15/2049 |
|
|
3,000 |
|
|
|
3,133 |
|
| Pennsylvania Higher Educational Facilities Authority, University Pennsylvania Health System, Series A, Rev., 4.00%, 08/15/2035 |
|
|
1,170 |
|
|
|
1,191 |
|
| Pennsylvania Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., 4.50%, 10/01/2044 |
|
|
5,000 |
|
|
|
5,093 |
|
| Rev., 4.60%, 10/01/2044 |
|
|
7,500 |
|
|
|
7,665 |
|
| Rev., 6.00%, 10/01/2054 |
|
|
3,275 |
|
|
|
3,638 |
|
| Rev., 6.25%, 10/01/2054 |
|
|
2,955 |
|
|
|
3,326 |
|
| Series 133, Rev., 3.00%, 10/01/2050 |
|
|
2,710 |
|
|
|
2,678 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Pennsylvania — continued |
|
|
|
|
|
|
|
|
| Pennsylvania Housing Finance Agency, Social Bond, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.85%, 10/01/2043 |
|
|
4,000 |
|
|
|
4,182 |
|
| Series A, Rev., 5.50%, 10/01/2053 |
|
|
1,485 |
|
|
|
1,592 |
|
| Pennsylvania Housing Finance Agency, Social Bonds, Series 141A, Rev., 5.75%, 10/01/2053 |
|
|
2,970 |
|
|
|
3,194 |
|
| Pennsylvania Housing Finance Agency, Sustainable Bond, |
|
|
|
|
|
|
|
|
| Series 144A, Rev., 4.45%, 10/01/2044 |
|
|
2,000 |
|
|
|
2,025 |
|
| Series 144A, Rev., 6.00%, 10/01/2054 |
|
|
2,535 |
|
|
|
2,803 |
|
| Pennsylvania Housing Finance Agency, Sustainable Bonds, Series 2022, Rev., 4.25%, 10/01/2052 |
|
|
1,975 |
|
|
|
2,015 |
|
| Pennsylvania Turnpike Commission, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2043 |
|
|
2,250 |
|
|
|
2,253 |
|
| Rev., 5.50%, 12/01/2046 |
|
|
6,430 |
|
|
|
6,641 |
|
| Series A1, Rev., 5.00%, 12/01/2027 |
|
|
1,000 |
|
|
|
1,077 |
|
| Series A1, Rev., 5.00%, 12/01/2034 |
|
|
1,000 |
|
|
|
1,063 |
|
| Series A1, Rev., 5.00%, 12/01/2045 |
|
|
7,685 |
|
|
|
7,742 |
|
| Series A1, Rev., 5.00%, 12/01/2046 |
|
|
1,000 |
|
|
|
1,019 |
|
| Series A2, Rev., 5.00%, 12/01/2024 |
|
|
100 |
|
|
|
100 |
|
| Series A, Rev., 4.00%, 12/01/2041 |
|
|
1,250 |
|
|
|
1,272 |
|
| Series A, Rev., 5.25%, 12/01/2044 |
|
|
2,500 |
|
|
|
2,670 |
|
| Series B1, Rev., 5.25%, 06/01/2047 |
|
|
2,465 |
|
|
|
2,545 |
|
| Series B, Rev., 4.00%, 12/01/2039 |
|
|
3,000 |
|
|
|
3,060 |
|
| Series B, Rev., 5.00%, 12/01/2026 |
|
|
400 |
|
|
|
421 |
|
| Series B, Rev., 5.00%, 12/01/2027 |
|
|
500 |
|
|
|
539 |
|
| Series B, Rev., 5.00%, 12/01/2039 |
|
|
1,305 |
|
|
|
1,473 |
|
| Series B, Rev., 5.25%, 12/01/2047 |
|
|
3,000 |
|
|
|
3,353 |
|
| Series C, Rev., 4.00%, 12/01/2040 |
|
|
1,400 |
|
|
|
1,432 |
|
| Series C, Rev., 4.00%, 12/01/2042 |
|
|
1,555 |
|
|
|
1,577 |
|
| Series C, Rev., 5.00%, 12/01/2027 |
|
|
345 |
|
|
|
372 |
|
| Series C, Rev., 5.00%, 12/01/2041 |
|
|
1,560 |
|
|
|
1,724 |
|
| Series C, Rev., 5.00%, 12/01/2046 |
|
|
1,350 |
|
|
|
1,474 |
|
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue, Subordinate, Series B, Rev., 5.00%, 12/01/2038 |
|
|
1,500 |
|
|
|
1,603 |
|
| Pennsylvania Turnpike Commission, Motor License, Rev., 5.00%, 12/01/2040 |
|
|
1,000 |
|
|
|
1,044 |
|
| Pennsylvania Turnpike Commission, Subordinate, Rev., 5.00%, 12/01/2030 |
|
|
1,750 |
|
|
|
1,855 |
|
| Pennsylvania Turnpike Commission, Subordinated, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2026 |
|
|
2,000 |
|
|
|
2,051 |
|
| Series A, Rev., 5.00%, 12/01/2036 |
|
|
2,775 |
|
|
|
2,877 |
|
| Series B2, Rev., 5.00%, 06/01/2027 |
|
|
2,480 |
|
|
|
2,642 |
|
| Philadelphia Authority for Industrial Development, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/01/2033 |
|
|
1,250 |
|
|
|
1,336 |
|
| Rev., 5.00%, 06/15/2039 (e) |
|
|
740 |
|
|
|
771 |
|
| Philadelphia Authority for Industrial Development, Children’s Hospital of Philadelphia, Rev., 4.00%, 07/01/2037 |
|
|
2,000 |
|
|
|
2,008 |
|
| Philadelphia Authority for Industrial Development, String Theory Charter School, Rev., 5.00%, 06/15/2040 (e) |
|
|
900 |
|
|
|
918 |
|
| Philadelphia Authority for Industrial Development, Thomas Jefferson University, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 09/01/2032 |
|
|
1,110 |
|
|
|
1,150 |
|
| Series A, Rev., 5.00%, 09/01/2035 |
|
|
1,105 |
|
|
|
1,142 |
|
| Series A, Rev., 5.00%, 09/01/2047 |
|
|
1,000 |
|
|
|
1,014 |
|
| Philadelphia Gas Works Co., Series A, Rev., AGM, 4.00%, 08/01/2045 |
|
|
5,000 |
|
|
|
5,009 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Pennsylvania — continued |
|
|
|
|
|
|
|
|
| Phoenixville Area School District, GO, 4.00%, 11/15/2040 |
|
|
695 |
|
|
|
718 |
|
| Pittsburgh Water & Sewer Authority, |
|
|
|
|
|
|
|
|
| Series B, Rev., AGM, 4.00%, 09/01/2036 |
|
|
500 |
|
|
|
514 |
|
| Series B, Rev., AGM, 4.00%, 09/01/2038 |
|
|
500 |
|
|
|
510 |
|
| Series B, Rev., AGM, 4.00%, 09/01/2045 |
|
|
2,250 |
|
|
|
2,257 |
|
| Pittsburgh Water & Sewer Authority, First Lien, Series A, Rev., AGM, 5.00%, 09/01/2048 |
|
|
1,000 |
|
|
|
1,086 |
|
| Ridley School District, GO, BAM, 5.25%, 11/15/2039 |
|
|
4,545 |
|
|
|
4,958 |
|
| School District of Philadelphia, Series A, GO, BAM, 4.00%, 09/01/2039 |
|
|
7,500 |
|
|
|
7,684 |
|
| School District of Philadelphia (The), |
|
|
|
|
|
|
|
|
| GO, 4.00%, 09/01/2046 |
|
|
2,000 |
|
|
|
1,954 |
|
| GO, BAM, 4.00%, 09/01/2046 |
|
|
6,610 |
|
|
|
6,584 |
|
| Series A, GO, 5.00%, 09/01/2027 |
|
|
610 |
|
|
|
646 |
|
| Series A, GO, 5.00%, 09/01/2031 |
|
|
245 |
|
|
|
273 |
|
| Series A, GO, 5.00%, 09/01/2035 |
|
|
3,000 |
|
|
|
3,181 |
|
| Series F, GO, 5.00%, 09/01/2035 |
|
|
5,000 |
|
|
|
5,143 |
|
| Series F, GO, 5.00%, 09/01/2037 |
|
|
2,000 |
|
|
|
2,050 |
|
| School District of Philadelphia (The), Green Bond, |
|
|
|
|
|
|
|
|
| Series B, GO, 5.00%, 09/01/2027 |
|
|
895 |
|
|
|
948 |
|
| Series B, GO, 5.00%, 09/01/2028 |
|
|
485 |
|
|
|
523 |
|
| Series B, GO, 5.00%, 09/01/2029 |
|
|
450 |
|
|
|
491 |
|
| Scranton School District, Series E, GO, BAM, 4.00%, 12/01/2037 |
|
|
1,025 |
|
|
|
1,027 |
|
| Southeastern Pennsylvania Transportation Authority, Asset Improvement Program, |
|
|
|
|
|
|
|
|
| Rev., 5.25%, 06/01/2041 |
|
|
3,000 |
|
|
|
3,394 |
|
| Rev., 5.25%, 06/01/2042 |
|
|
1,500 |
|
|
|
1,691 |
|
| Rev., 5.25%, 06/01/2047 |
|
|
7,750 |
|
|
|
8,588 |
|
| Sports & Exhibition Authority of Pittsburgh and Allegheny County, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 02/01/2027 |
|
|
2,250 |
|
|
|
2,372 |
|
| Rev., AGM, 5.00%, 02/01/2028 |
|
|
2,590 |
|
|
|
2,777 |
|
| State Public School Building Authority, Northampton County Area Community, |
|
|
|
|
|
|
|
|
| Rev., BAM, 4.00%, 03/01/2029 |
|
|
1,000 |
|
|
|
1,042 |
|
| Rev., BAM, 4.00%, 03/01/2030 |
|
|
640 |
|
|
|
664 |
|
| Rev., BAM, 4.00%, 03/01/2031 |
|
|
500 |
|
|
|
516 |
|
| Rev., BAM, 5.00%, 03/01/2027 |
|
|
715 |
|
|
|
751 |
|
| Rev., BAM, 5.00%, 03/01/2028 |
|
|
755 |
|
|
|
808 |
|
| State Public School Building Authority, Philadelphia School District, Rev., AGM, 5.00%, 06/01/2030 |
|
|
3,480 |
|
|
|
3,620 |
|
| Westmoreland County Industrial Development Authority, Excela Health Project, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 07/01/2025 |
|
|
575 |
|
|
|
575 |
|
| Series A, Rev., 5.00%, 07/01/2028 |
|
|
1,400 |
|
|
|
1,462 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
515,691 |
|
|
|
|
|
|
|
|
|
|
| Puerto Rico — 0.7% |
|
|
|
|
|
|
|
|
| Commonwealth of Puerto Rico, 0.00%, 11/01/2051 (z) |
|
|
6,151 |
|
|
|
3,360 |
|
| Commonwealth of Puerto Rico, Restructured, |
|
|
|
|
|
|
|
|
| Series A1, GO, 4.00%, 07/01/2033 |
|
|
481 |
|
|
|
482 |
|
| Series A1, GO, 5.38%, 07/01/2025 |
|
|
954 |
|
|
|
959 |
|
| Series A1, GO, 5.63%, 07/01/2027 |
|
|
5,045 |
|
|
|
5,268 |
|
| Series A1, GO, 5.63%, 07/01/2029 |
|
|
2,000 |
|
|
|
2,160 |
|
| Series A1, GO, 5.75%, 07/01/2031 |
|
|
2,008 |
|
|
|
2,232 |
|
| Series A, GO, Zero Coupon, 07/01/2033 |
|
|
7,410 |
|
|
|
5,029 |
|
| Commonwealth of Puerto Rico, Subordinate, Note Claims, Series CW, 0.00%, 11/01/2043 (z) |
|
|
18,224 |
|
|
|
11,732 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Puerto Rico — continued |
|
|
|
|
|
|
|
|
| Commonwealth of Puerto Rico, Subordinated, Series CL, 0.00%, 11/01/2051 (z) |
|
|
9,835 |
|
|
|
6,429 |
|
| Puerto Rico Electric Power Authority, |
|
|
|
|
|
|
|
|
| Series AAA, Rev., 5.25%, 07/01/2023 (d) |
|
|
100 |
|
|
|
42 |
|
| Series CCC, Rev., 4.63%, 07/01/2025 (d) |
|
|
100 |
|
|
|
42 |
|
| Series DDD, Rev., 5.00%, 07/01/2020 (d) |
|
|
570 |
|
|
|
239 |
|
| Series NN, Rev., NATL, 4.75%, 07/01/2033 |
|
|
30 |
|
|
|
30 |
|
| Series TT, Rev., 5.00%, 07/01/2020 (d) |
|
|
285 |
|
|
|
120 |
|
| Series TT, Rev., 5.00%, 07/01/2021 (d) |
|
|
100 |
|
|
|
42 |
|
| Series TT, Rev., 5.00%, 07/01/2037 (d) |
|
|
1,200 |
|
|
|
504 |
|
| Series XX, Rev., 4.63%, 07/01/2025 (d) |
|
|
100 |
|
|
|
42 |
|
| Series XX, Rev., 4.75%, 07/01/2026 (d) |
|
|
295 |
|
|
|
124 |
|
| Series ZZ, Rev., 4.25%, 07/01/2020 (d) |
|
|
470 |
|
|
|
197 |
|
| Series ZZ, Rev., 5.25%, 07/01/2019 (d) |
|
|
580 |
|
|
|
244 |
|
| Series ZZ, Rev., 5.25%, 07/01/2023 (d) |
|
|
500 |
|
|
|
210 |
|
| Puerto Rico Electric Power Authority, Libor, Series UU, Rev., AGM, (CME Term SOFR 3 Month * 0.67 + 0.52%), 4.26%, 07/01/2029 (aa) |
|
|
500 |
|
|
|
482 |
|
| Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, Restructured, |
|
|
|
|
|
|
|
|
| Series A1, Rev., Zero Coupon, 07/01/2031 |
|
|
2,925 |
|
|
|
2,256 |
|
| Series A1, Rev., 5.00%, 07/01/2058 |
|
|
20,950 |
|
|
|
21,157 |
|
| Puerto Rico Sales Tax Financing Corp., Sales Tax Revenue, Restructured, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 4.55%, 07/01/2040 |
|
|
1,385 |
|
|
|
1,392 |
|
| Series A2, Rev., 4.33%, 07/01/2040 |
|
|
11,000 |
|
|
|
10,977 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
75,751 |
|
|
|
|
|
|
|
|
|
|
| Rhode Island — 0.2% |
|
|
|
|
|
|
|
|
| Rhode Island Health and Educational Building Corp., Brown University, Series A, Rev., 4.00%, 09/01/2037 |
|
|
1,000 |
|
|
|
1,018 |
|
| Rhode Island Health and Educational Building Corp., Lifespan Health System, Rev., 5.00%, 05/15/2039 |
|
|
5,500 |
|
|
|
5,572 |
|
| Rhode Island Housing & Mortgage Finance Corp., Rev., FHA, 3.60%, 10/01/2054 (z) |
|
|
1,000 |
|
|
|
1,002 |
|
| Rhode Island Housing and Mortgage Finance Corp., Series 71, Rev., GNMA COLL, 3.75%, 10/01/2049 |
|
|
250 |
|
|
|
251 |
|
| Rhode Island Housing and Mortgage Finance Corp., Homeownership Opportunity, |
|
|
|
|
|
|
|
|
| Series 73A, Rev., 0.95%, 04/01/2026 |
|
|
500 |
|
|
|
474 |
|
| Series 73A, Rev., 1.10%, 04/01/2027 |
|
|
300 |
|
|
|
281 |
|
| Series 73A, Rev., 1.65%, 10/01/2029 |
|
|
715 |
|
|
|
639 |
|
| Series 73A, Rev., 3.00%, 10/01/2050 |
|
|
870 |
|
|
|
860 |
|
| Rhode Island Housing and Mortgage Finance Corp., Social Bonds, Series 75A, Rev., 3.00%, 10/01/2051 |
|
|
2,090 |
|
|
|
2,063 |
|
| Rhode Island Student Loan Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 3.63%, 12/01/2037 |
|
|
930 |
|
|
|
896 |
|
| Rev., AMT, 4.13%, 12/01/2041 |
|
|
1,265 |
|
|
|
1,249 |
|
| Rev., AMT, 4.13%, 12/01/2043 |
|
|
1,600 |
|
|
|
1,581 |
|
| Rhode Island Student Loan Authority, Senior Bond, Series A, Rev., AMT, 5.00%, 12/01/2029 |
|
|
370 |
|
|
|
400 |
|
| Rhode Island Turnpike & Bridge Authority, Rev., 5.00%, 10/01/2040 |
|
|
1,000 |
|
|
|
1,021 |
|
| Tobacco Settlement Financing Corp., Series B, Rev., 4.50%, 06/01/2045 |
|
|
2,505 |
|
|
|
2,514 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,821 |
|
|
|
|
|
|
|
|
|
|
| South Carolina — 1.2% |
|
|
|
|
|
|
|
|
| Charleston County Airport District, Rev., 5.00%, 07/01/2042 (w) |
|
|
1,650 |
|
|
|
1,859 |
|
| City of Columbia Waterworks & Sewer System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/01/2047 |
|
|
2,625 |
|
|
|
2,914 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| South Carolina — continued |
|
|
|
|
|
|
|
|
| Series B, Rev., 4.00%, 02/01/2041 |
|
|
5,000 |
|
|
|
5,019 |
|
| Series B, Rev., 5.00%, 02/01/2036 |
|
|
1,085 |
|
|
|
1,261 |
|
| Series B, Rev., 5.00%, 02/01/2037 |
|
|
1,500 |
|
|
|
1,737 |
|
| Series B, Rev., 5.00%, 02/01/2038 |
|
|
1,500 |
|
|
|
1,731 |
|
| Lexington County Health Services District, Inc., Lexmed Obligated Group, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2030 |
|
|
1,000 |
|
|
|
1,034 |
|
| Rev., 4.00%, 11/01/2031 |
|
|
1,000 |
|
|
|
1,031 |
|
| Patriots Energy Group Financing Agency, Series B1, Rev., 5.25%, 02/01/2054 (z) |
|
|
14,400 |
|
|
|
15,834 |
|
| South Carolina Jobs-Economic Development Authority, Rev., 4.50%, 11/01/2054 |
|
|
2,300 |
|
|
|
2,343 |
|
| South Carolina Jobs-Economic Development Authority, Bon Secours Mercy Health, Series S, Rev., 5.00%, 12/01/2048 (z) |
|
|
1,000 |
|
|
|
1,018 |
|
| South Carolina Jobs-Economic Development Authority, McLeod Health Projects, Rev., 5.00%, 11/01/2048 |
|
|
1,000 |
|
|
|
1,026 |
|
| South Carolina Jobs-Economic Development Authority, Prisma Health Obligated Group, Series A, Rev., 5.00%, 05/01/2030 |
|
|
1,500 |
|
|
|
1,600 |
|
| South Carolina Jobs-Economic Development Authority, Prisma Health Obligation Group, Rev., 5.00%, 05/01/2043 |
|
|
2,000 |
|
|
|
2,055 |
|
| South Carolina Ports Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2043 |
|
|
5,680 |
|
|
|
5,854 |
|
| Rev., AMT, 5.00%, 07/01/2055 |
|
|
2,000 |
|
|
|
2,038 |
|
| South Carolina Public Service Authority, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 12/01/2037 |
|
|
3,250 |
|
|
|
3,738 |
|
| Rev., 5.00%, 12/01/2039 |
|
|
4,000 |
|
|
|
4,403 |
|
| Rev., AGM, 5.00%, 12/01/2042 |
|
|
3,250 |
|
|
|
3,617 |
|
| Rev., 5.00%, 12/01/2043 |
|
|
2,800 |
|
|
|
3,085 |
|
| Series A, Rev., 4.00%, 12/01/2033 |
|
|
1,000 |
|
|
|
1,027 |
|
| Series A, Rev., 4.00%, 12/01/2034 |
|
|
2,000 |
|
|
|
2,051 |
|
| Series A, Rev., 4.00%, 12/01/2037 |
|
|
2,000 |
|
|
|
2,044 |
|
| Series A, Rev., 4.00%, 12/01/2038 |
|
|
520 |
|
|
|
529 |
|
| Series A, Rev., 5.00%, 12/01/2027 |
|
|
1,525 |
|
|
|
1,634 |
|
| Series A, Rev., 5.00%, 12/01/2028 |
|
|
1,700 |
|
|
|
1,720 |
|
| Series A, Rev., 5.00%, 12/01/2029 |
|
|
85 |
|
|
|
94 |
|
| Series A, Rev., 5.00%, 12/01/2031 |
|
|
4,500 |
|
|
|
4,992 |
|
| Series A, Rev., 5.00%, 12/01/2032 |
|
|
1,000 |
|
|
|
1,107 |
|
| Series B, Rev., 5.00%, 12/01/2040 |
|
|
1,000 |
|
|
|
1,090 |
|
| Series B, Rev., 5.00%, 12/01/2041 |
|
|
2,000 |
|
|
|
2,040 |
|
| South Carolina Public Service Authority, Bond Exchange, Series A, Rev., 5.00%, 12/01/2050 |
|
|
5,000 |
|
|
|
5,019 |
|
| South Carolina Public Service Authority, Obligations, Series C, Rev., 5.00%, 12/01/2027 |
|
|
1,600 |
|
|
|
1,664 |
|
| South Carolina Public Service Authority, Pre-refunded Obligations, Series A, Rev., 5.00%, 12/01/2024 (p) |
|
|
380 |
|
|
|
381 |
|
| South Carolina Public Service Authority, Unrefunded Obligations, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2038 |
|
|
1,000 |
|
|
|
1,001 |
|
| Series A, Rev., 5.00%, 12/01/2024 |
|
|
120 |
|
|
|
120 |
|
| Series A, Rev., 5.50%, 12/01/2054 |
|
|
9,550 |
|
|
|
9,562 |
|
| Series C, Rev., 5.00%, 12/01/2046 |
|
|
3,000 |
|
|
|
3,003 |
|
| Series E, Rev., 5.25%, 12/01/2055 |
|
|
7,000 |
|
|
|
7,058 |
|
| South Carolina State Housing Finance & Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 6.00%, 01/01/2055 |
|
|
3,335 |
|
|
|
3,767 |
|
| Series A, Rev., 3.00%, 01/01/2052 |
|
|
590 |
|
|
|
582 |
|
| Series A, Rev., 4.00%, 01/01/2052 |
|
|
770 |
|
|
|
781 |
|
| Series B, Rev., 3.25%, 01/01/2052 |
|
|
5,240 |
|
|
|
5,213 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| South Carolina — continued |
|
|
|
|
|
|
|
|
| South Carolina State Housing Finance & Development Authority, Villages at Congaree, Rev., 4.25%, 06/01/2025 (z) |
|
|
915 |
|
|
|
915 |
|
| South Carolina Transportation Infrastructure Bank, Rev., 5.00%, 10/01/2039 |
|
|
5,000 |
|
|
|
5,251 |
|
| Spartanburg Regional Health Services District, Services District, Inc., |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/15/2026 |
|
|
565 |
|
|
|
584 |
|
| Rev., 5.00%, 04/15/2028 |
|
|
500 |
|
|
|
537 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
126,963 |
|
|
|
|
|
|
|
|
|
|
| South Dakota — 0.3% |
|
|
|
|
|
|
|
|
| County of Lincoln, GO, 5.00%, 12/01/2048 |
|
|
3,000 |
|
|
|
3,221 |
|
| County of Lincoln, Augustana College Association, Rev., 4.00%, 08/01/2041 |
|
|
250 |
|
|
|
233 |
|
| South Dakota Health & Educational Facilities Authority, Rev., 5.00%, 07/01/2046 |
|
|
2,000 |
|
|
|
2,042 |
|
| South Dakota Health & Educational Facilities Authority, Avera Health, Series A, Rev., 5.25%, 07/01/2054 |
|
|
10,000 |
|
|
|
11,130 |
|
| South Dakota Health & Educational Facilities Authority, Sanford Obligated Group, Rev., 5.00%, 11/01/2045 |
|
|
4,500 |
|
|
|
4,543 |
|
| South Dakota Housing Development Authority, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 11/01/2055 |
|
|
3,245 |
|
|
|
3,712 |
|
| Series C, Rev., GNMA/FNMA/FHLMC, 3.50%, 05/01/2051 |
|
|
815 |
|
|
|
815 |
|
| Series G, Rev., GNMA/FNMA/FHLMC, 6.25%, 05/01/2055 |
|
|
4,265 |
|
|
|
4,725 |
|
| South Dakota Housing Development Authority, Homeownership Mortgage, Series B, Rev., 3.00%, 11/01/2051 |
|
|
2,410 |
|
|
|
2,377 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,798 |
|
|
|
|
|
|
|
|
|
|
| Tennessee — 1.2% |
|
|
|
|
|
|
|
|
| Chattanooga Health Educational & Housing Facility Board, Commonspirit Health, |
|
|
|
|
|
|
|
|
| Series A1, Rev., 5.00%, 08/01/2028 |
|
|
305 |
|
|
|
330 |
|
| Series A, Rev., 5.00%, 08/01/2044 |
|
|
1,000 |
|
|
|
1,042 |
|
| City of Clarksville Water Sewer & Gas Revenue, Rev., 5.00%, 02/01/2041 (p) |
|
|
965 |
|
|
|
997 |
|
| City of Memphis Storm Water System Revenue, Rev., 5.00%, 10/01/2044 |
|
|
3,365 |
|
|
|
3,504 |
|
| City of Memphis TN Electric System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2025 |
|
|
1,085 |
|
|
|
1,114 |
|
| Rev., 5.00%, 12/01/2031 |
|
|
600 |
|
|
|
692 |
|
| Rev., 5.00%, 12/01/2032 |
|
|
850 |
|
|
|
989 |
|
| Cleveland Health & Educational Facilities Board, Rev., 5.25%, 08/15/2054 |
|
|
14,700 |
|
|
|
16,305 |
|
| County of Coffee, GO, 5.00%, 06/01/2026 |
|
|
250 |
|
|
|
260 |
|
| County of Rutherford TN, GO, 3.00%, 04/01/2033 |
|
|
6,625 |
|
|
|
6,518 |
|
| Johnson City Health & Educational Facilities Board, Tapestry at Roan Hill, Rev., HUD, 3.60%, 12/01/2027 (z) |
|
|
3,000 |
|
|
|
3,040 |
|
| Knox County Health Educational & Housing Facility Board, University of Tennessee Project, |
|
|
|
|
|
|
|
|
| Series A1, Rev., BAM, 5.00%, 07/01/2039 |
|
|
500 |
|
|
|
553 |
|
| Series A1, Rev., BAM, 5.25%, 07/01/2049 |
|
|
1,365 |
|
|
|
1,479 |
|
| Knox County Health Educational & Housing Facility Board, Westview Towers Project, Rev., HUD, 3.95%, 12/01/2027 (z) |
|
|
410 |
|
|
|
414 |
|
| Knoxville’s Community Development Corp., Willow Place Project, Rev., HUD, 3.75%, 12/01/2027 (z) |
|
|
1,800 |
|
|
|
1,816 |
|
| Memphis-Shelby County Airport Authority, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2032 |
|
|
270 |
|
|
|
283 |
|
| Rev., AMT, 5.00%, 07/01/2043 |
|
|
2,055 |
|
|
|
2,107 |
|
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Belmont University, Rev., 5.25%, 05/01/2048 |
|
|
1,250 |
|
|
|
1,374 |
|
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board, Vanderbilt University Medical Center, Rev., 5.00%, 07/01/2046 |
|
|
1,285 |
|
|
|
1,297 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Tennessee — continued |
|
|
|
|
|
|
|
|
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Bond, Vanderbilt University Medical Center, Series A, Rev., 5.00%, 07/01/2040 |
|
|
7,555 |
|
|
|
7,696 |
|
| Metropolitan Government Nashville & Davidson County Health & Educational Facilities Bond, Rev., 4.00%, 10/01/2054 |
|
|
2,000 |
|
|
|
1,988 |
|
| Metropolitan Government Nashville & Davidson County Sports Authority, Stadium Project Senior Lien, Series A, Rev., AGM, 5.25%, 07/01/2048 |
|
|
2,925 |
|
|
|
3,238 |
|
| Metropolitan Government of Nashville & Davidson County Electric Revenue, Series A, Rev., 5.00%, 05/15/2043 |
|
|
1,500 |
|
|
|
1,696 |
|
| Metropolitan Government of Nashville & Davidson County, Water & Sewer Revenue, Subordinate, Series B, Rev., 5.00%, 07/01/2035 |
|
|
1,500 |
|
|
|
1,580 |
|
| Metropolitan Nashville Airport Authority (The), |
|
|
|
|
|
|
|
|
| Series B, Rev., AMT, 5.00%, 07/01/2026 |
|
|
70 |
|
|
|
73 |
|
| Series B, Rev., AMT, 5.00%, 07/01/2027 |
|
|
170 |
|
|
|
178 |
|
| Series B, Rev., AMT, 5.25%, 07/01/2033 |
|
|
270 |
|
|
|
305 |
|
| Series B, Rev., AMT, 5.25%, 07/01/2047 |
|
|
3,500 |
|
|
|
3,788 |
|
| Series B, Rev., AMT, 5.50%, 07/01/2038 |
|
|
1,625 |
|
|
|
1,857 |
|
| Shelby County Health Educational & Housing Facilities Board, Rev., 5.00%, 09/01/2049 (z) |
|
|
2,225 |
|
|
|
2,402 |
|
| State of Tennessee, GO, 5.00%, 05/01/2041 |
|
|
7,470 |
|
|
|
8,518 |
|
| Tennergy Corp., Series A, Rev., 4.00%, 12/01/2051 (z) |
|
|
6,500 |
|
|
|
6,613 |
|
| Tennergy Corp., Gas Supply Bonds, Series A, Rev., 5.50%, 10/01/2053 (z) |
|
|
5,000 |
|
|
|
5,454 |
|
| Tennessee Energy Acquisition Corp., |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/01/2049 (z) |
|
|
4,480 |
|
|
|
4,505 |
|
| Rev., 5.00%, 05/01/2052 (z) |
|
|
18,000 |
|
|
|
19,513 |
|
| Tennessee Energy Acquisition Corp., Gas Project, Series A1, Rev., 5.00%, 05/01/2053 (z) |
|
|
9,000 |
|
|
|
9,475 |
|
| Tennessee Housing Development Agency, Rev., GNMA/FNMA/FHLMC, 6.00%, 01/01/2055 |
|
|
755 |
|
|
|
851 |
|
| Tennessee Housing Development Agency, Residential Finance Program I, Rev., 3.75%, 01/01/2050 |
|
|
185 |
|
|
|
186 |
|
| Tennessee Housing Development Agency, Sustainable Bonds, |
|
|
|
|
|
|
|
|
| Series 1A, Rev., 4.50%, 07/01/2044 |
|
|
1,220 |
|
|
|
1,238 |
|
| Series 1A, Rev., 5.75%, 01/01/2055 |
|
|
550 |
|
|
|
602 |
|
| Williamson County Industrial Development Board, Wood Duck Court Apartments, Rev., HUD, 5.00%, 05/01/2042 (z) |
|
|
1,460 |
|
|
|
1,521 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
127,391 |
|
|
|
|
|
|
|
|
|
|
| Texas — 11.0% |
|
|
|
|
|
|
|
|
| Alamo Community College District, Maintenance Tax Notes, GO, 5.00%, 02/15/2026 |
|
|
5,000 |
|
|
|
5,165 |
|
| Anson Education Facilities Corp., Arlington Classics Academy, Rev., 5.00%, 08/15/2045 |
|
|
1,370 |
|
|
|
1,379 |
|
| Arlington Higher Education Finance Corp., |
|
|
|
|
|
|
|
|
| Rev., 4.88%, 06/15/2054 (e) |
|
|
1,050 |
|
|
|
1,054 |
|
| Series A, Rev., PSF-GTD, 4.00%, 08/15/2025 |
|
|
445 |
|
|
|
449 |
|
| Series A, Rev., PSF-GTD, 4.00%, 08/15/2026 |
|
|
265 |
|
|
|
270 |
|
| Series A, Rev., PSF-GTD, 4.00%, 08/15/2030 |
|
|
425 |
|
|
|
443 |
|
| Series A, Rev., PSF-GTD, 5.00%, 08/15/2031 |
|
|
555 |
|
|
|
622 |
|
| Arlington Higher Education Finance Corp., Legacy Traditional Schools, |
|
|
|
|
|
|
|
|
| Rev., 4.13%, 02/15/2041 |
|
|
815 |
|
|
|
686 |
|
| Rev., 6.00%, 02/15/2042 (e) |
|
|
250 |
|
|
|
255 |
|
| Austin Community College District, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 08/01/2048 |
|
|
3,500 |
|
|
|
3,842 |
|
| GO, 5.25%, 08/01/2053 |
|
|
1,500 |
|
|
|
1,668 |
|
| Austin Convention Enterprises, Inc., First Tier Convention Center, Rev., 5.00%, 01/01/2033 |
|
|
1,125 |
|
|
|
1,142 |
|
| Austin Independent School District, |
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| GO, 5.00%, 08/01/2026 |
|
|
1,000 |
|
|
|
1,046 |
|
| GO, 5.00%, 08/01/2038 |
|
|
500 |
|
|
|
571 |
|
| Series A, GO, PSF-GTD, 4.00%, 08/01/2032 (p) |
|
|
1,000 |
|
|
|
1,009 |
|
| Barbers Hill Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2032 (w) |
|
|
500 |
|
|
|
569 |
|
| GO, PSF-GTD, 5.00%, 02/15/2035 |
|
|
3,000 |
|
|
|
3,418 |
|
| Bastrop Independent School District, GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
2,000 |
|
|
|
2,245 |
|
| Beaumont Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 3.00%, 02/15/2033 |
|
|
2,500 |
|
|
|
2,428 |
|
| GO, PSF-GTD, 5.00%, 02/15/2028 |
|
|
1,535 |
|
|
|
1,583 |
|
| Bells Independent School District, GO, PSF-GTD, 4.25%, 02/15/2053 |
|
|
2,310 |
|
|
|
2,325 |
|
| Bexar County Hospital District, Certificate Obligation, GO, 5.00%, 02/15/2043 |
|
|
2,750 |
|
|
|
3,016 |
|
| Bexar County Hospital District, Certificates Obligation, GO, 4.00%, 02/15/2039 |
|
|
1,090 |
|
|
|
1,116 |
|
| Bexar County Hospital District, Certificates of Obligation, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 02/15/2036 |
|
|
370 |
|
|
|
416 |
|
| GO, 5.00%, 02/15/2037 |
|
|
230 |
|
|
|
258 |
|
| Board of Regents of the University of Texas System, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/15/2054 (w) |
|
|
10,000 |
|
|
|
9,837 |
|
| Series A, Rev., 5.00%, 08/15/2030 |
|
|
1,000 |
|
|
|
1,133 |
|
| Series E, Rev., 5.00%, 08/15/2027 |
|
|
1,000 |
|
|
|
1,072 |
|
| Boerne Independent School District, GO, PSF-GTD, 3.13%, 02/01/2053 (z) |
|
|
1,765 |
|
|
|
1,771 |
|
| Brazoria County Toll Road Authority, Subordinated Lien, Series A, Rev., CNTY GTD, 5.00%, 03/01/2033 |
|
|
1,670 |
|
|
|
1,758 |
|
| Brazos Higher Education Authority, Inc., Rev., AMT, 4.00%, 04/01/2045 |
|
|
2,630 |
|
|
|
2,597 |
|
| Brazosport Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2029 |
|
|
2,000 |
|
|
|
2,209 |
|
| GO, PSF-GTD, 5.00%, 02/15/2030 |
|
|
1,925 |
|
|
|
2,118 |
|
| Capital Area Housing Finance Corp., Redwood Apartments, Rev., 3.50%, 01/01/2041 (z) |
|
|
3,000 |
|
|
|
3,005 |
|
| Carrollton-Farmers Branch Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 02/15/2053 |
|
|
5,000 |
|
|
|
4,963 |
|
| GO, PSF-GTD, 5.00%, 02/15/2026 |
|
|
2,500 |
|
|
|
2,582 |
|
| Castleberry Independent School District, GO, PSF-GTD, 5.00%, 02/15/2041 |
|
|
700 |
|
|
|
788 |
|
| Celina Independent School District, GO, PSF-GTD, 5.00%, 02/15/2031 |
|
|
500 |
|
|
|
566 |
|
| Central Texas Regional Mobility Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2037 |
|
|
1,285 |
|
|
|
1,390 |
|
| Series B, Rev., 4.00%, 01/01/2040 |
|
|
800 |
|
|
|
811 |
|
| Series B, Rev., 4.00%, 01/01/2051 |
|
|
1,250 |
|
|
|
1,214 |
|
| Series B, Rev., 5.00%, 01/01/2037 |
|
|
1,000 |
|
|
|
1,095 |
|
| Series B, Rev., 5.00%, 01/01/2046 |
|
|
1,500 |
|
|
|
1,598 |
|
| Series C, Rev., BAN, 5.00%, 01/01/2027 |
|
|
2,000 |
|
|
|
2,045 |
|
| Central Texas Regional Mobility Authority, Senior Lien, |
|
|
|
|
|
|
|
|
| Series B, Rev., 4.00%, 01/01/2039 |
|
|
600 |
|
|
|
610 |
|
| Series B, Rev., 4.00%, 01/01/2040 |
|
|
500 |
|
|
|
506 |
|
| Series B, Rev., 5.00%, 01/01/2045 |
|
|
3,595 |
|
|
|
3,800 |
|
| Series D, Rev., 5.00%, 01/01/2033 |
|
|
480 |
|
|
|
536 |
|
| Series E, Rev., 5.00%, 01/01/2045 |
|
|
2,665 |
|
|
|
2,817 |
|
| Central Texas Regional Mobility Authority, Subordinated, Series F, Rev., BAN, 5.00%, 01/01/2025 |
|
|
4,770 |
|
|
|
4,779 |
|
| Central Texas Turnpike System, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/15/2031 |
|
|
1,490 |
|
|
|
1,682 |
|
| Rev., 5.00%, 08/15/2037 |
|
|
10,000 |
|
|
|
11,450 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/15/2038 |
|
|
7,690 |
|
|
|
8,756 |
|
| Rev., 5.00%, 08/15/2040 |
|
|
2,500 |
|
|
|
2,797 |
|
| Central Texas Turnpike System, Subordinate, |
|
|
|
|
|
|
|
|
| Series C, Rev., 5.00%, 08/15/2031 |
|
|
1,000 |
|
|
|
1,001 |
|
| Series C, Rev., 5.00%, 08/15/2042 |
|
|
5,000 |
|
|
|
5,007 |
|
| Chapel Hill Independent School District/Smith County, GO, PSF-GTD, 5.00%, 02/15/2039 |
|
|
700 |
|
|
|
795 |
|
| City Austin, Certificates Obligation, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 09/01/2032 |
|
|
1,750 |
|
|
|
1,968 |
|
| GO, 5.00%, 09/01/2033 |
|
|
1,100 |
|
|
|
1,235 |
|
| GO, 5.00%, 09/01/2034 |
|
|
1,750 |
|
|
|
1,958 |
|
| City of Arlington TX Water & Wastewater System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2037 |
|
|
1,445 |
|
|
|
1,687 |
|
| Rev., 5.00%, 06/01/2039 |
|
|
1,445 |
|
|
|
1,662 |
|
| City of Arlington, Tax, Increment Reinvestment Zone, Tax Allocation, 4.00%, 08/15/2041 |
|
|
1,000 |
|
|
|
928 |
|
| City of Austin Electric Utility Revenue, Series A, Rev., 5.00%, 11/15/2031 |
|
|
1,595 |
|
|
|
1,628 |
|
| City of Austin TX Water & Wastewater System Revenue, Rev., 5.00%, 11/15/2041 |
|
|
6,500 |
|
|
|
7,368 |
|
| City of Austin Water & Wastewater System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2036 |
|
|
185 |
|
|
|
194 |
|
| Rev., 4.00%, 11/15/2041 |
|
|
1,510 |
|
|
|
1,542 |
|
| Rev., 5.00%, 11/15/2041 |
|
|
7,000 |
|
|
|
7,202 |
|
| Series C, Rev., 5.00%, 11/15/2025 (p) |
|
|
510 |
|
|
|
523 |
|
| Series C, Rev., 5.00%, 11/15/2032 |
|
|
1,000 |
|
|
|
1,128 |
|
| City of Austin, Airport System Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 11/15/2029 |
|
|
1,400 |
|
|
|
1,519 |
|
| Rev., AMT, 5.00%, 11/15/2040 |
|
|
1,500 |
|
|
|
1,618 |
|
| Series B, Rev., AMT, 5.00%, 11/15/2030 |
|
|
1,000 |
|
|
|
1,080 |
|
| Series B, Rev., AMT, 5.00%, 11/15/2033 |
|
|
1,130 |
|
|
|
1,162 |
|
| Series B, Rev., AMT, 5.00%, 11/15/2036 |
|
|
3,335 |
|
|
|
3,469 |
|
| City of Austin, Electric Utility Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/15/2038 |
|
|
1,265 |
|
|
|
1,286 |
|
| Series B, Rev., 5.00%, 11/15/2037 |
|
|
1,505 |
|
|
|
1,635 |
|
| Series B, Rev., 5.00%, 11/15/2038 |
|
|
1,340 |
|
|
|
1,452 |
|
| City of Austin, Refunding & Public Improvement, GO, 5.00%, 09/01/2033 |
|
|
620 |
|
|
|
696 |
|
| City of Beaumont TX Waterworks & Sewer System Revenue, Rev., BAM, 5.00%, 09/01/2049 |
|
|
2,000 |
|
|
|
2,156 |
|
| City of Celina TX, Special Assessment, BAM, 5.00%, 09/01/2040 |
|
|
1,200 |
|
|
|
1,288 |
|
| City of Corpus Christi, Utility System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/15/2028 |
|
|
1,885 |
|
|
|
2,055 |
|
| Rev., 5.00%, 07/15/2039 |
|
|
1,000 |
|
|
|
1,129 |
|
| City of Dallas Housing Finance Corp., Rev., FHA, 5.00%, 08/01/2027 (z) |
|
|
350 |
|
|
|
363 |
|
| City of Dallas Housing Finance Corp., Estates at Ferguson, Rev., 5.00%, 07/01/2042 (z) |
|
|
1,010 |
|
|
|
1,056 |
|
| City of Dallas TX, GO, AGM-CR, 4.00%, 02/15/2043 |
|
|
6,000 |
|
|
|
6,057 |
|
| City of Dallas Waterworks & Sewer System Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 10/01/2032 |
|
|
1,250 |
|
|
|
1,297 |
|
| Series A, Rev., 5.00%, 10/01/2047 |
|
|
5,000 |
|
|
|
5,516 |
|
| Series C, Rev., 4.00%, 10/01/2031 |
|
|
2,000 |
|
|
|
2,084 |
|
| City of Dallas, Fair Park Venue Project Senior, Special Tax, 6.25%, 08/15/2053 (e) (z) |
|
|
3,500 |
|
|
|
3,517 |
|
| City of Dallas, Hutchison Convention Center, Special Tax, 6.00%, 08/15/2053 (e) (z) |
|
|
9,720 |
|
|
|
9,779 |
|
| City of Dallas, Waterworks & Sewer System Revenue, |
|
|
|
|
|
|
|
|
| Series C, Rev., 4.00%, 10/01/2039 |
|
|
7,470 |
|
|
|
7,657 |
|
| Series C, Rev., 4.00%, 10/01/2040 |
|
|
1,000 |
|
|
|
1,021 |
|
| Series C, Rev., 5.00%, 10/01/2029 |
|
|
1,125 |
|
|
|
1,254 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| City of Denton, GO, 2.00%, 02/15/2032 |
|
|
1,345 |
|
|
|
1,206 |
|
| City of Denton, Certificates Obligation, |
|
|
|
|
|
|
|
|
| GO, 2.00%, 02/15/2034 |
|
|
2,565 |
|
|
|
2,212 |
|
| GO, 2.00%, 02/15/2035 |
|
|
2,625 |
|
|
|
2,215 |
|
| City of Eagle Pass, Certificates Obligation, |
|
|
|
|
|
|
|
|
| GO, AGM, 4.00%, 03/01/2039 |
|
|
500 |
|
|
|
509 |
|
| GO, AGM, 4.00%, 03/01/2041 |
|
|
680 |
|
|
|
694 |
|
| City of El Paso, GO, BAM, 4.00%, 08/15/2042 |
|
|
10,900 |
|
|
|
10,876 |
|
| City of Fort Worth, GO, 4.00%, 03/01/2030 |
|
|
1,150 |
|
|
|
1,207 |
|
| City of Fort Worth TX Water & Sewer System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/15/2037 |
|
|
2,305 |
|
|
|
2,649 |
|
| Rev., 5.00%, 02/15/2038 |
|
|
1,390 |
|
|
|
1,589 |
|
| Rev., 5.00%, 02/15/2041 |
|
|
710 |
|
|
|
792 |
|
| City of Galveston TX Wharves & Terminal Revenue, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.25%, 08/01/2039 |
|
|
750 |
|
|
|
824 |
|
| Rev., AMT, 5.50%, 08/01/2041 |
|
|
1,050 |
|
|
|
1,174 |
|
| Rev., AMT, 5.50%, 08/01/2042 |
|
|
700 |
|
|
|
781 |
|
| Rev., AMT, 5.50%, 08/01/2043 |
|
|
1,100 |
|
|
|
1,223 |
|
| Rev., AMT, 5.50%, 08/01/2044 |
|
|
700 |
|
|
|
777 |
|
| City of Haslet, Improvement Area Second Project, Special Assessment, 3.25%, 09/01/2031 (e) |
|
|
500 |
|
|
|
451 |
|
| City of Houston Airport System Revenue, Series C, Rev., AMT, 5.00%, 07/01/2028 |
|
|
470 |
|
|
|
500 |
|
| City of Houston Airport System Revenue, Subordinated Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 4.00%, 07/01/2035 |
|
|
1,000 |
|
|
|
1,017 |
|
| Series A, Rev., AMT, 4.00%, 07/01/2040 |
|
|
3,570 |
|
|
|
3,546 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2028 |
|
|
1,890 |
|
|
|
2,012 |
|
| Series A, Rev., AGM, AMT, 5.00%, 07/01/2028 |
|
|
550 |
|
|
|
586 |
|
| Series A, Rev., AGM, AMT, 5.00%, 07/01/2029 |
|
|
1,580 |
|
|
|
1,706 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2034 |
|
|
2,500 |
|
|
|
2,699 |
|
| Series A, Rev., AGM, AMT, 5.00%, 07/01/2037 |
|
|
2,000 |
|
|
|
2,205 |
|
| Series B, Rev., 5.00%, 07/01/2026 |
|
|
1,000 |
|
|
|
1,042 |
|
| Series B, Rev., 5.00%, 07/01/2027 |
|
|
1,995 |
|
|
|
2,126 |
|
| City of Houston Airport System Revenue, United Airlines, Inc. Terminal, Rev., AMT, 4.00%, 07/15/2041 |
|
|
4,365 |
|
|
|
4,289 |
|
| City of Houston Combined Utility System Revenue, First Lien, Series A, Rev., 4.00%, 11/15/2033 |
|
|
1,200 |
|
|
|
1,263 |
|
| City of Houston Combined Utility System Revenue, Subordinated First Lien, Rev., 5.00%, 11/15/2025 |
|
|
2,500 |
|
|
|
2,566 |
|
| City of Houston Hotel Occupancy Tax & Special Revenue, Convention & Entertainment, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 09/01/2025 |
|
|
45 |
|
|
|
46 |
|
| Rev., 4.00%, 09/01/2029 |
|
|
280 |
|
|
|
293 |
|
| City of Houston TX, GO, 5.25%, 03/01/2049 |
|
|
16,000 |
|
|
|
17,878 |
|
| City of Houston, Airport System Revenue, Special Facilities, United Airlines, Inc., Rev., AMT, 5.00%, 07/15/2028 |
|
|
600 |
|
|
|
621 |
|
| City of Houston, Combined Utility System Revenue, First Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/15/2029 |
|
|
1,100 |
|
|
|
1,229 |
|
| Series C, Rev., 5.00%, 11/15/2029 |
|
|
3,100 |
|
|
|
3,468 |
|
| City of Hutto TX, |
|
|
|
|
|
|
|
|
| GO, BAM, 4.13%, 08/01/2049 |
|
|
2,500 |
|
|
|
2,493 |
|
| GO, BAM, 5.00%, 08/01/2043 |
|
|
1,220 |
|
|
|
1,347 |
|
| City of Justin, Timberbrook Public Improvement, Special Assessment, 3.00%, 09/01/2031 (e) |
|
|
315 |
|
|
|
291 |
|
| City of Kyle, 6 Creeks Public Improvement, Special Assessment, 2.63%, 09/01/2025 (e) |
|
|
185 |
|
|
|
182 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| City of Lubbock Electric Light & Power System Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/15/2026 |
|
|
800 |
|
|
|
828 |
|
| Rev., 5.00%, 04/15/2027 |
|
|
785 |
|
|
|
831 |
|
| Rev., 5.00%, 04/15/2028 |
|
|
900 |
|
|
|
972 |
|
| Rev., AGM, 5.00%, 04/15/2035 |
|
|
1,345 |
|
|
|
1,543 |
|
| Rev., AGM, 5.00%, 04/15/2038 |
|
|
1,045 |
|
|
|
1,184 |
|
| Rev., AGM, 5.00%, 04/15/2040 |
|
|
1,200 |
|
|
|
1,342 |
|
| City of McKinney Waterworks & Sewer System Revenue, Rev., 5.00%, 03/15/2026 |
|
|
350 |
|
|
|
362 |
|
| City of Palestine, Certificates Obligation, GO, AGM, 4.00%, 02/15/2046 |
|
|
5,000 |
|
|
|
4,869 |
|
| City of Plano, GO, 4.00%, 09/01/2043 |
|
|
1,000 |
|
|
|
1,021 |
|
| City of Round Rock TX, GO, 4.13%, 08/15/2046 |
|
|
3,210 |
|
|
|
3,219 |
|
| City of San Antonio Electric & Gas Systems Revenue, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/01/2030 |
|
|
1,660 |
|
|
|
1,766 |
|
| Rev., 5.00%, 02/01/2025 |
|
|
3,000 |
|
|
|
3,019 |
|
| Rev., 5.00%, 02/01/2033 |
|
|
1,795 |
|
|
|
1,881 |
|
| Rev., 5.00%, 02/01/2035 |
|
|
1,650 |
|
|
|
1,725 |
|
| Series B, Rev., 5.25%, 02/01/2040 |
|
|
3,000 |
|
|
|
3,425 |
|
| City of San Antonio Electric & Gas Systems Revenue, Junior Lien, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/01/2037 |
|
|
1,000 |
|
|
|
1,044 |
|
| Rev., (SIFMA Municipal Swap Index + 0.87%), 4.02%, 02/01/2048 (aa) |
|
|
3,000 |
|
|
|
2,997 |
|
| Series A, Rev., 5.00%, 02/01/2035 |
|
|
2,200 |
|
|
|
2,450 |
|
| Series D, Rev., 1.13%, 12/01/2045 (z) |
|
|
6,510 |
|
|
|
6,107 |
|
| City of San Antonio TX, GO, 5.00%, 02/01/2029 |
|
|
1,125 |
|
|
|
1,242 |
|
| City of San Antonio TX Electric & Gas Systems Revenue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/01/2036 |
|
|
1,680 |
|
|
|
1,952 |
|
| Rev., 5.00%, 02/01/2040 |
|
|
1,000 |
|
|
|
1,136 |
|
| Rev., 5.25%, 02/01/2044 |
|
|
1,660 |
|
|
|
1,883 |
|
| Rev., 5.25%, 02/01/2049 |
|
|
4,000 |
|
|
|
4,473 |
|
| City of San Antonio, Electric & Gas Systems Revenue, Rev., 4.00%, 02/01/2027 |
|
|
2,000 |
|
|
|
2,067 |
|
| City of Waco TX, GO, 5.00%, 02/01/2049 |
|
|
3,000 |
|
|
|
3,284 |
|
| Cleburne Independent School District, School Building, GO, PSF-GTD, 5.00%, 02/15/2036 |
|
|
1,065 |
|
|
|
1,093 |
|
| Clifton Higher Education Finance Corp., |
|
|
|
|
|
|
|
|
| Rev., PSF-GTD, 4.00%, 08/15/2044 |
|
|
4,045 |
|
|
|
4,052 |
|
| Rev., PSF-GTD, 5.00%, 08/15/2035 |
|
|
1,300 |
|
|
|
1,465 |
|
| Rev., PSF-GTD, 5.00%, 08/15/2037 |
|
|
500 |
|
|
|
559 |
|
| Clifton Higher Education Finance Corp., Idea Public School, |
|
|
|
|
|
|
|
|
| Rev., PSF-GTD, 5.00%, 08/15/2026 |
|
|
1,840 |
|
|
|
1,920 |
|
| Series A, Rev., 4.00%, 08/15/2035 |
|
|
415 |
|
|
|
422 |
|
| Series A, Rev., 4.00%, 08/15/2047 |
|
|
1,300 |
|
|
|
1,236 |
|
| Series T, Rev., PSF-GTD, 4.00%, 08/15/2036 |
|
|
700 |
|
|
|
735 |
|
| Series T, Rev., PSF-GTD, 4.00%, 08/15/2047 |
|
|
1,175 |
|
|
|
1,170 |
|
| Series T, Rev., PSF-GTD, 5.00%, 08/15/2025 |
|
|
70 |
|
|
|
71 |
|
| Series T, Rev., PSF-GTD, 5.00%, 08/15/2026 |
|
|
55 |
|
|
|
57 |
|
| Series T, Rev., PSF-GTD, 5.00%, 08/15/2027 |
|
|
30 |
|
|
|
32 |
|
| Series T, Rev., PSF-GTD, 5.00%, 08/15/2028 |
|
|
40 |
|
|
|
44 |
|
| Series T, Rev., PSF-GTD, 5.00%, 08/15/2030 |
|
|
215 |
|
|
|
240 |
|
| Clifton Higher Education Finance Corp., International Leadership of Texas, Rev., PSF-GTD, 4.00%, 08/15/2025 |
|
|
145 |
|
|
|
146 |
|
| Clifton Higher Education Finance Corp., International Leadership of Texas, Inc., Rev., PSF-GTD, 5.00%, 08/15/2028 |
|
|
900 |
|
|
|
978 |
|
| Collin County Community College District, Series A, GO, 4.00%, 08/15/2035 |
|
|
1,600 |
|
|
|
1,666 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Conroe Independent School District, GO, PSF-GTD, 4.00%, 02/15/2049 |
|
|
6,000 |
|
|
|
5,888 |
|
| County of Bexar, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 06/15/2040 |
|
|
11,085 |
|
|
|
11,093 |
|
| GO, 5.00%, 06/15/2043 (p) |
|
|
2,000 |
|
|
|
2,079 |
|
| County of Collin, GO, 5.00%, 02/15/2029 |
|
|
2,000 |
|
|
|
2,212 |
|
| County of Dallas, Certificates of Obligation, GO, 5.00%, 08/15/2041 |
|
|
2,550 |
|
|
|
2,844 |
|
| County of Denton, GO, 5.00%, 07/15/2027 |
|
|
1,000 |
|
|
|
1,069 |
|
| County of Denton TX, GO, 4.00%, 07/15/2043 |
|
|
2,800 |
|
|
|
2,840 |
|
| County of El Paso, Series A, GO, 5.00%, 02/15/2027 |
|
|
1,430 |
|
|
|
1,476 |
|
| County of Harris, Series A, GO, 5.00%, 10/01/2029 |
|
|
1,150 |
|
|
|
1,287 |
|
| County of Harris Toll Road Revenue, First Lien, Rev., 4.00%, 08/15/2045 |
|
|
1,500 |
|
|
|
1,503 |
|
| County of Harris, Subordinate, Series A, GO, 5.00%, 08/15/2026 |
|
|
1,750 |
|
|
|
1,833 |
|
| County of Nueces, GO, 5.00%, 02/15/2029 |
|
|
460 |
|
|
|
503 |
|
| County of Williamson, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 02/15/2030 (p) |
|
|
3,845 |
|
|
|
3,869 |
|
| GO, 5.00%, 02/15/2031 (p) |
|
|
4,045 |
|
|
|
4,070 |
|
| GO, 5.00%, 02/15/2032 (p) |
|
|
2,125 |
|
|
|
2,138 |
|
| Dallas Area Rapid Transit, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 12/01/2029 (p) |
|
|
1,890 |
|
|
|
1,941 |
|
| Series A, Rev., 5.00%, 12/01/2046 (p) |
|
|
2,000 |
|
|
|
2,054 |
|
| Dallas Area Rapid Transit, Senior Lien, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2032 |
|
|
1,000 |
|
|
|
1,106 |
|
| Series B, Rev., 4.00%, 12/01/2051 |
|
|
2,000 |
|
|
|
1,952 |
|
| Dallas Fort Worth International Airport, |
|
|
|
|
|
|
|
|
| Series B, Rev., 5.00%, 11/01/2050 |
|
|
4,000 |
|
|
|
4,325 |
|
| Series C, Rev., AMT, 5.00%, 11/01/2030 |
|
|
5,000 |
|
|
|
5,467 |
|
| Dallas Fort Worth International Airport, Dallas Fort Worth International, Rev., 5.00%, 11/01/2025 |
|
|
1,825 |
|
|
|
1,871 |
|
| Dallas Independent School District, Series B, GO, PSF-GTD, 3.00%, 02/15/2034 |
|
|
1,370 |
|
|
|
1,344 |
|
| Del Valle Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 06/15/2031 |
|
|
3,085 |
|
|
|
3,288 |
|
| GO, PSF-GTD, 4.00%, 06/15/2032 |
|
|
3,405 |
|
|
|
3,613 |
|
| GO, PSF-GTD, 4.00%, 06/15/2033 |
|
|
5,740 |
|
|
|
6,073 |
|
| GO, PSF-GTD, 4.00%, 06/15/2034 |
|
|
3,280 |
|
|
|
3,461 |
|
| Denton Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 08/15/2027 |
|
|
600 |
|
|
|
643 |
|
| GO, PSF-GTD, 5.00%, 08/15/2034 |
|
|
950 |
|
|
|
1,111 |
|
| GO, PSF-GTD, 5.00%, 08/15/2053 |
|
|
13,130 |
|
|
|
14,265 |
|
| Forney Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 08/15/2040 |
|
|
600 |
|
|
|
669 |
|
| GO, PSF-GTD, 5.00%, 08/15/2043 |
|
|
2,075 |
|
|
|
2,284 |
|
| Series A, GO, PSF-GTD, 3.00%, 08/15/2037 |
|
|
3,585 |
|
|
|
3,391 |
|
| Series A, GO, PSF-GTD, 3.00%, 08/15/2038 |
|
|
4,950 |
|
|
|
4,623 |
|
| Fort Bend Grand Parkway Toll Road Authority, |
|
|
|
|
|
|
|
|
| Series A, Rev., CNTY GTD, 5.00%, 03/01/2026 |
|
|
750 |
|
|
|
774 |
|
| Series A, Rev., CNTY GTD, 5.00%, 03/01/2027 |
|
|
285 |
|
|
|
302 |
|
| Series A, Rev., CNTY GTD, 5.00%, 03/01/2029 |
|
|
390 |
|
|
|
430 |
|
| Series A, Rev., CNTY GTD, 5.00%, 03/01/2030 |
|
|
1,000 |
|
|
|
1,119 |
|
| Fort Bend Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 08/01/2054 (z) |
|
|
4,165 |
|
|
|
4,293 |
|
| Series B, GO, PSF-GTD, 0.72%, 08/01/2051 (z) |
|
|
610 |
|
|
|
576 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Series B, GO, PSF-GTD, 0.88%, 08/01/2050 (z) |
|
|
830 |
|
|
|
813 |
|
| Fort Worth Independent School District, GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
1,750 |
|
|
|
1,975 |
|
| Garland Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2037 |
|
|
500 |
|
|
|
574 |
|
| Series A, GO, PSF-GTD, 5.00%, 02/15/2037 |
|
|
3,500 |
|
|
|
4,016 |
|
| Georgetown Independent School District, GO, PSF-GTD, 2.00%, 08/15/2034 |
|
|
6,155 |
|
|
|
5,189 |
|
| Goose Creek Consolidated Independent School District, GO, PSF-GTD, 5.00%, 02/15/2026 |
|
|
900 |
|
|
|
929 |
|
| Grand Parkway Transportation Corp., Grand Parkway System, Rev., 4.00%, 10/01/2045 |
|
|
10,125 |
|
|
|
10,035 |
|
| Greater Texoma Utility Authority, City of Sherman Project, |
|
|
|
|
|
|
|
|
| Rev., BAM, 5.00%, 10/01/2037 |
|
|
3,060 |
|
|
|
3,492 |
|
| Rev., BAM, 5.00%, 10/01/2038 |
|
|
1,450 |
|
|
|
1,645 |
|
| Rev., BAM, 5.00%, 10/01/2049 |
|
|
10,000 |
|
|
|
10,784 |
|
| Series A, Rev., BAM, 4.00%, 10/01/2043 |
|
|
1,940 |
|
|
|
1,920 |
|
| Gregory-Portland Independent School District, GO, PSF-GTD, 5.00%, 02/15/2025 |
|
|
1,000 |
|
|
|
1,007 |
|
| Harris County Cultural Education Facilities Finance Corp., Texas Children’s Hospital, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 10/01/2041 |
|
|
1,000 |
|
|
|
1,004 |
|
| Rev., 5.00%, 10/01/2051 (z) |
|
|
3,000 |
|
|
|
3,359 |
|
| Harris County Cultural Education Facilities Finance Corp., Texas Children’s Hospital, |
|
|
|
|
|
|
|
|
| Rev., BAM, 4.00%, 10/01/2037 |
|
|
1,790 |
|
|
|
1,820 |
|
| Rev., 4.00%, 10/01/2038 |
|
|
1,000 |
|
|
|
1,012 |
|
| Rev., BAM, 4.00%, 10/01/2038 |
|
|
1,000 |
|
|
|
1,013 |
|
| Harris County Cultural Education Facilities Finance Corp., Texas Medical Center, Series A, Rev., 0.90%, 05/15/2050 (z) |
|
|
6,315 |
|
|
|
6,193 |
|
| Harris County Flood Control District, Series A, GO, 5.00%, 10/01/2029 |
|
|
1,700 |
|
|
|
1,902 |
|
| Harris County Flood Control District, Sustainability Bond, |
|
|
|
|
|
|
|
|
| Series A, GO, 4.00%, 09/15/2041 |
|
|
2,500 |
|
|
|
2,556 |
|
| Series A, GO, 4.00%, 09/15/2048 |
|
|
9,000 |
|
|
|
8,944 |
|
| Harris County Industrial Development Corp., Energy Transfer, Rev., 4.05%, 11/01/2050 (z) |
|
|
2,000 |
|
|
|
2,056 |
|
| Harris County, Toll Road Authority, First Lien, Rev., 5.00%, 08/15/2030 |
|
|
1,200 |
|
|
|
1,358 |
|
| Hays Consolidated Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 02/15/2042 |
|
|
18,160 |
|
|
|
18,185 |
|
| GO, PSF-GTD, 5.00%, 02/15/2025 |
|
|
480 |
|
|
|
483 |
|
| GO, PSF-GTD, 5.00%, 02/15/2038 |
|
|
1,000 |
|
|
|
1,123 |
|
| GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
1,305 |
|
|
|
1,449 |
|
| Hidalgo County Regional Mobility Authority, Senior Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 12/01/2032 |
|
|
1,000 |
|
|
|
1,093 |
|
| Series A, Rev., 5.00%, 12/01/2033 |
|
|
575 |
|
|
|
627 |
|
| Series A, Rev., 5.00%, 12/01/2034 |
|
|
750 |
|
|
|
817 |
|
| Houston Higher Education Finance Corp., Houston Baptist University, Rev., 4.00%, 10/01/2051 |
|
|
1,100 |
|
|
|
931 |
|
| Houston Higher Education Finance Corp., Kipp Inc, Rev., PSF-GTD, 4.00%, 08/15/2040 |
|
|
2,500 |
|
|
|
2,505 |
|
| Houston Housing Finance Corp., Summerdale Apartments, Rev., 5.00%, 08/01/2041 (z) |
|
|
315 |
|
|
|
324 |
|
| Houston Independent School District, Series C, GO, PSF-GTD, 4.00%, 06/01/2039 (z) |
|
|
4,350 |
|
|
|
4,370 |
|
| Hutto Independent School District, GO, PSF-GTD, 5.00%, 08/01/2048 |
|
|
2,400 |
|
|
|
2,629 |
|
| Irving Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2028 |
|
|
500 |
|
|
|
541 |
|
| GO, PSF-GTD, 5.00%, 02/15/2035 |
|
|
2,300 |
|
|
|
2,649 |
|
| GO, PSF-GTD, 5.00%, 02/15/2038 |
|
|
4,375 |
|
|
|
4,964 |
|
| GO, PSF-GTD, 5.00%, 02/15/2041 |
|
|
250 |
|
|
|
279 |
|
| Jarrell Independent School District, GO, PSF-GTD, 5.00%, 02/15/2037 |
|
|
725 |
|
|
|
816 |
|
| Katy Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 02/15/2031 |
|
|
2,000 |
|
|
|
2,006 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2036 |
|
|
1,340 |
|
|
|
1,502 |
|
| Series B, GO, PSF-GTD, 5.00%, 02/15/2036 |
|
|
2,475 |
|
|
|
2,537 |
|
| Kilgore Independent School District, GO, PSF-GTD, 5.00%, 02/15/2026 |
|
|
450 |
|
|
|
464 |
|
| Klein Independent School District, GO, PSF-GTD, 4.00%, 08/01/2046 |
|
|
4,000 |
|
|
|
4,011 |
|
| Krum Independent School District, GO, PSF-GTD, 4.25%, 08/15/2054 |
|
|
9,255 |
|
|
|
9,271 |
|
| Lake Houston Redevelopment Authority, Rev., 4.00%, 09/01/2035 |
|
|
250 |
|
|
|
244 |
|
| Lake Travis Independent School District, School Building, Series A, GO, PSF-GTD, 5.00%, 02/15/2043 (p) |
|
|
1,090 |
|
|
|
1,153 |
|
| Lamar Consolidated Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2029 |
|
|
150 |
|
|
|
166 |
|
| GO, PSF-GTD, 5.00%, 02/15/2041 |
|
|
1,500 |
|
|
|
1,694 |
|
| GO, PSF-GTD, 5.00%, 02/15/2043 |
|
|
2,100 |
|
|
|
2,348 |
|
| Series A, GO, PSF-GTD, 5.00%, 02/15/2058 |
|
|
4,335 |
|
|
|
4,662 |
|
| Leander Independent School District, GO, PSF-GTD, 5.00%, 02/15/2026 |
|
|
1,430 |
|
|
|
1,477 |
|
| Liberty Hill Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/01/2040 |
|
|
1,890 |
|
|
|
2,147 |
|
| GO, PSF-GTD, 5.00%, 02/01/2041 |
|
|
2,020 |
|
|
|
2,277 |
|
| Llano Independent School District, GO, PSF-GTD, 5.00%, 02/15/2032 |
|
|
1,350 |
|
|
|
1,387 |
|
| Longview Independent School District, GO, PSF-GTD, 5.00%, 02/15/2043 |
|
|
1,750 |
|
|
|
1,967 |
|
| Love Field Airport Modernization Corp., Southwest Airlines Co Project, Rev., AMT, 5.00%, 11/01/2028 |
|
|
1,710 |
|
|
|
1,711 |
|
| Lower Colorado River Authority, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 05/15/2033 |
|
|
500 |
|
|
|
503 |
|
| Rev., AGM, 5.00%, 05/15/2031 |
|
|
4,795 |
|
|
|
5,441 |
|
| Rev., AGM, 5.00%, 05/15/2032 |
|
|
5,000 |
|
|
|
5,650 |
|
| Series A, Rev., 5.00%, 05/15/2027 |
|
|
420 |
|
|
|
446 |
|
| Series B, Rev., 5.00%, 05/15/2039 (z) |
|
|
3,000 |
|
|
|
3,160 |
|
| Lower Colorado River Authority, LCRA Transmission Services, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/15/2030 |
|
|
1,000 |
|
|
|
1,120 |
|
| Rev., 5.00%, 05/15/2051 |
|
|
3,500 |
|
|
|
3,725 |
|
| Lower Colorado, River Authority, Transmission Services Contract, Rev., 5.00%, 05/15/2029 |
|
|
100 |
|
|
|
110 |
|
| Mansfield Independent School District, GO, PSF-GTD, 3.00%, 08/01/2036 |
|
|
1,000 |
|
|
|
972 |
|
| Matagorda County Navigation District No. 1, Central Power & Light, Rev., AMT, 4.25%, 05/01/2030 |
|
|
825 |
|
|
|
858 |
|
| Matagorda County Navigation District No. 1, Central Power & Light Co., Rev., 2.60%, 11/01/2029 |
|
|
3,500 |
|
|
|
3,363 |
|
| McKinney Independent School District, GO, PSF-GTD, 5.00%, 02/15/2026 |
|
|
1,245 |
|
|
|
1,286 |
|
| Medina Valley Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 0.82%, 02/15/2051 (z) |
|
|
445 |
|
|
|
427 |
|
| GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
3,000 |
|
|
|
3,370 |
|
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, Contractual Obligation, Series B, Rev., 5.00%, 11/01/2025 |
|
|
435 |
|
|
|
445 |
|
| Midland County Hospital District, Rev., BAM, 5.25%, 05/15/2054 |
|
|
2,170 |
|
|
|
2,431 |
|
| Midland Independent School District, GO, PSF-GTD, 5.00%, 02/15/2050 |
|
|
2,300 |
|
|
|
2,404 |
|
| Mission Economic Development Corp., |
|
|
|
|
|
|
|
|
| Rev., AMT, 0.00%, 06/01/2048 (z) |
|
|
5,665 |
|
|
|
5,700 |
|
| Rev., AMT, 4.00%, 06/01/2054 (z) |
|
|
2,475 |
|
|
|
2,545 |
|
| Mission Economic Development Corp., Waste Management, Inc. Project, Series B, Rev., AMT, 4.00%, 07/01/2040 (z) |
|
|
8,235 |
|
|
|
8,231 |
|
| New Caney Independent School District, |
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2037 |
|
|
625 |
|
|
|
719 |
|
| GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
1,375 |
|
|
|
1,561 |
|
| GO, PSF-GTD, 5.00%, 02/15/2041 |
|
|
2,000 |
|
|
|
2,259 |
|
| GO, PSF-GTD, 5.00%, 02/15/2044 |
|
|
1,250 |
|
|
|
1,391 |
|
| New Hope Cultural Education Facilities Finance Corp., Series A, Rev., 5.00%, 07/01/2047 (d) |
|
|
2,000 |
|
|
|
2,000 |
|
| New Hope Cultural Education Facilities Finance Corp., Children’s Health System, Series A, Rev., 5.00%, 08/15/2047 |
|
|
1,000 |
|
|
|
1,024 |
|
| New Hope Cultural Education Facilities Finance Corp., NCCD College Station Project, Series A, Rev., 5.00%, 07/01/2035 (d) |
|
|
9,400 |
|
|
|
9,400 |
|
| New Hope Cultural Education Facilities Finance Corp., Westminster Project, Rev., 4.00%, 11/01/2049 |
|
|
100 |
|
|
|
93 |
|
| Newark Higher Education Finance Corp., Austin Achieve Public Schools, Rev., PSF-GTD, 5.00%, 06/15/2038 |
|
|
1,365 |
|
|
|
1,528 |
|
| North East Independent School District, GO, PSF-GTD, 3.75%, 08/01/2049 (z) |
|
|
1,570 |
|
|
|
1,603 |
|
| North Fort Bend Water Authority, Rev., BAM, 5.00%, 12/15/2026 |
|
|
1,520 |
|
|
|
1,600 |
|
| North Texas Higher Education Authority, Inc., Rev., AMT, 4.13%, 06/01/2045 |
|
|
5,205 |
|
|
|
5,137 |
|
| North Texas Municipal Water District Water System Revenue, Rev., 3.00%, 09/01/2041 |
|
|
575 |
|
|
|
518 |
|
| North Texas Tollway Authority, |
|
|
|
|
|
|
|
|
| Rev., AGC, Zero Coupon, 01/01/2035 |
|
|
10,000 |
|
|
|
7,087 |
|
| Rev., 5.00%, 01/01/2031 (w) |
|
|
3,000 |
|
|
|
3,378 |
|
| Rev., 5.00%, 01/01/2032 (w) |
|
|
6,070 |
|
|
|
6,905 |
|
| Rev., 5.00%, 01/01/2035 (w) |
|
|
3,250 |
|
|
|
3,772 |
|
| Rev., 5.25%, 01/01/2044 (w) |
|
|
3,225 |
|
|
|
3,644 |
|
| Series A, Rev., 5.00%, 01/01/2029 |
|
|
1,800 |
|
|
|
1,851 |
|
| Series B, Rev., 5.00%, 01/01/2027 |
|
|
1,150 |
|
|
|
1,155 |
|
| North Texas Tollway Authority, Capital Appreciation, First Tier, Rev., AGC, Zero Coupon, 01/01/2030 |
|
|
1,500 |
|
|
|
1,278 |
|
| North Texas Tollway Authority, First Tier Bonds, |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 01/01/2035 |
|
|
2,000 |
|
|
|
2,052 |
|
| Series A, Rev., 5.00%, 01/01/2037 |
|
|
1,500 |
|
|
|
1,688 |
|
| Series A, Rev., 5.00%, 01/01/2040 |
|
|
4,000 |
|
|
|
4,425 |
|
| North Texas Tollway Authority, Second Tier, |
|
|
|
|
|
|
|
|
| Rev., 4.25%, 01/01/2049 |
|
|
4,000 |
|
|
|
3,945 |
|
| Rev., 5.00%, 01/01/2048 |
|
|
2,335 |
|
|
|
2,410 |
|
| Series B, Rev., 4.00%, 01/01/2035 |
|
|
2,100 |
|
|
|
2,159 |
|
| Series B, Rev., 4.00%, 01/01/2036 |
|
|
1,000 |
|
|
|
1,023 |
|
| Series B, Rev., 4.00%, 01/01/2037 |
|
|
1,000 |
|
|
|
1,018 |
|
| Series B, Rev., 5.00%, 01/01/2027 |
|
|
215 |
|
|
|
221 |
|
| Series B, Rev., 5.00%, 01/01/2033 |
|
|
1,000 |
|
|
|
1,041 |
|
| North Texas Tollway Authority, Unrefunded First Tier, Series A, Rev., 5.00%, 01/01/2025 |
|
|
45 |
|
|
|
45 |
|
| Northside Independent School District, GO, PSF-GTD, 0.70%, 06/01/2050 (z) |
|
|
13,550 |
|
|
|
13,331 |
|
| Northwest Independent School District, GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
1,000 |
|
|
|
1,114 |
|
| Northwest Independent School District, School Building, GO, PSF-GTD, 5.00%, 02/15/2042 (p) |
|
|
4,515 |
|
|
|
4,657 |
|
| Odessa Junior College District, Consolidated Fund, Rev., AGM, 4.00%, 07/01/2026 |
|
|
1,015 |
|
|
|
1,037 |
|
| Pasadena Independent School District, GO, PSF-GTD, 5.00%, 02/15/2047 |
|
|
2,000 |
|
|
|
2,176 |
|
| Pearland Independent School District, GO, PSF-GTD, 5.00%, 02/15/2026 |
|
|
1,075 |
|
|
|
1,110 |
|
| Pecos Barstow Toyah Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 02/15/2027 |
|
|
300 |
|
|
|
317 |
|
| GO, PSF-GTD, 5.00%, 02/15/2039 |
|
|
500 |
|
|
|
540 |
|
| Permanent University Fund - Texas A&M University System, Board of Regents, Rev., 5.00%, 07/01/2042 |
|
|
1,695 |
|
|
|
1,888 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Permanent University Fund - Texas A&M University System, Board Of Regents, Rev., 5.00%, 07/01/2039 |
|
|
1,500 |
|
|
|
1,692 |
|
| Permanent University Fund - University of Texas System, Permanent University Fund Bonds, Rev., 5.00%, 07/01/2033 |
|
|
1,090 |
|
|
|
1,105 |
|
| Plano Independent School District, GO, 5.00%, 02/15/2027 |
|
|
650 |
|
|
|
687 |
|
| Port Authority of Houston of Harris County Texas, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/01/2026 |
|
|
850 |
|
|
|
892 |
|
| Rev., 5.00%, 10/01/2028 |
|
|
1,250 |
|
|
|
1,368 |
|
| Rev., 5.00%, 10/01/2029 |
|
|
1,250 |
|
|
|
1,392 |
|
| Port Authority of Houston of Harris County Texas, First Lien, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 10/01/2025 |
|
|
950 |
|
|
|
972 |
|
| Rev., 5.00%, 10/01/2048 |
|
|
8,500 |
|
|
|
9,278 |
|
| Port Beaumont Navigation District, Jefferson Gulf Coast Energy, |
|
|
|
|
|
|
|
|
| Rev., AMT, 2.00%, 01/01/2027 (e) |
|
|
550 |
|
|
|
526 |
|
| Rev., AMT, 2.25%, 01/01/2029 (e) |
|
|
800 |
|
|
|
743 |
|
| Rev., AMT, 2.88%, 01/01/2041 (e) |
|
|
120 |
|
|
|
98 |
|
| Port of Beaumont Industrial Development Authority, Taxable Jefferson Gulf Coast Energy, Rev., 4.10%, 01/01/2028 (e) |
|
|
3,000 |
|
|
|
2,695 |
|
| Port of Beaumont Navigation District, Rev., AMT, 5.00%, 01/01/2039 (e) |
|
|
3,250 |
|
|
|
3,396 |
|
| Prosper Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 02/15/2054 |
|
|
12,250 |
|
|
|
11,950 |
|
| GO, PSF-GTD, 4.25%, 02/15/2054 |
|
|
20,000 |
|
|
|
20,169 |
|
| GO, PSF-GTD, 5.00%, 02/15/2025 |
|
|
2,620 |
|
|
|
2,638 |
|
| Series A, GO, PSF-GTD, 5.00%, 02/15/2030 |
|
|
25 |
|
|
|
28 |
|
| Red River Education Finance Corp., Rev., 5.00%, 03/15/2035 |
|
|
1,430 |
|
|
|
1,702 |
|
| Rockwall Independent School District, GO, PSF-GTD, 5.00%, 02/15/2027 |
|
|
1,335 |
|
|
|
1,412 |
|
| Royse City Independent School District, GO, PSF-GTD, 5.00%, 02/15/2039 |
|
|
1,000 |
|
|
|
1,130 |
|
| San Antonio Education Facilities Corp., University of The Incarnate Word, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 04/01/2038 |
|
|
2,065 |
|
|
|
1,948 |
|
| Rev., 4.00%, 04/01/2041 |
|
|
1,000 |
|
|
|
908 |
|
| San Antonio Housing Trust Finance Corp., The Arbors at West Avenue, Rev., HUD, 1.45%, 03/01/2026 (z) |
|
|
805 |
|
|
|
794 |
|
| San Antonio Water System, |
|
|
|
|
|
|
|
|
| Series 2013F, Rev., 1.00%, 05/01/2043 (z) |
|
|
6,000 |
|
|
|
5,640 |
|
| Series A, Rev., 5.00%, 05/15/2034 |
|
|
2,375 |
|
|
|
2,537 |
|
| Series C, Rev., 5.00%, 05/15/2046 |
|
|
6,670 |
|
|
|
7,140 |
|
| San Antonio Water System, Junior Lien, Series A, Rev., 5.00%, 05/15/2043 |
|
|
3,500 |
|
|
|
3,668 |
|
| San Marcos Consolidated Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 5.00%, 08/15/2027 |
|
|
1,830 |
|
|
|
1,958 |
|
| GO, PSF-GTD, 5.00%, 08/15/2040 |
|
|
2,000 |
|
|
|
2,258 |
|
| Socorro Independent School District, GO, PSF-GTD, 4.00%, 08/15/2040 |
|
|
2,575 |
|
|
|
2,594 |
|
| Southwest Independent School District, GO, PSF-GTD, 5.00%, 02/01/2027 |
|
|
410 |
|
|
|
433 |
|
| Spring Independent School District, GO, 5.00%, 08/15/2030 |
|
|
600 |
|
|
|
674 |
|
| State of Texas, Series B, GO, 4.00%, 08/01/2030 |
|
|
60 |
|
|
|
60 |
|
| State of Texas, Mobility Fund, Series B, GO, 5.00%, 10/01/2032 |
|
|
14,655 |
|
|
|
14,948 |
|
| State of Texas, Public Finance Authority, GO, 5.00%, 10/01/2026 |
|
|
1,000 |
|
|
|
1,050 |
|
| State of Texas, Water Financial Assistance, Series B, GO, 5.00%, 08/01/2037 |
|
|
1,000 |
|
|
|
1,014 |
|
| Strategic Housing Finance Corp. of Travis County, ECG Yager LP, Rev., 0.46%, 09/01/2041 (z) |
|
|
2,500 |
|
|
|
2,470 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Rev., 5.00%, 07/01/2038 |
|
|
9,115 |
|
|
|
9,655 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott & White Health, |
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2042 |
|
|
15,000 |
|
|
|
14,925 |
|
| Series A, Rev., 5.00%, 11/15/2045 |
|
|
4,195 |
|
|
|
4,253 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott & White Health Project, Rev., 5.50%, 11/15/2047 |
|
|
12,415 |
|
|
|
13,896 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott and White Health, Rev., 5.00%, 11/15/2052 (z) |
|
|
1,450 |
|
|
|
1,491 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Baylor Scott And White Health, Rev., 5.00%, 11/15/2052 (z) |
|
|
3,005 |
|
|
|
3,327 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Christus Health, Series B, Rev., 5.00%, 07/01/2035 |
|
|
1,110 |
|
|
|
1,187 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Hendrick Medical Center, Taxable, Rev., AGM, 1.39%, 09/01/2025 |
|
|
600 |
|
|
|
584 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Methodist Hospitals of Dallas, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 10/01/2041 |
|
|
1,975 |
|
|
|
1,991 |
|
| Rev., 5.00%, 10/01/2030 |
|
|
1,000 |
|
|
|
1,121 |
|
| Rev., 5.00%, 10/01/2037 |
|
|
1,000 |
|
|
|
1,119 |
|
| Tarrant County Cultural Education Facilities Finance Corp., Texas Health Resources, Rev., 5.00%, 02/15/2041 |
|
|
5,000 |
|
|
|
5,118 |
|
| Tarrant Regional Water District Water Supply System Revenue, Rev., 5.00%, 03/01/2036 |
|
|
3,500 |
|
|
|
4,078 |
|
| Texas A&M University, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 05/15/2036 |
|
|
5,000 |
|
|
|
5,887 |
|
| Rev., 5.00%, 05/15/2037 |
|
|
1,000 |
|
|
|
1,173 |
|
| Rev., 5.00%, 05/15/2042 |
|
|
4,830 |
|
|
|
5,502 |
|
| Texas A&M University, Financing System, Series B, Rev., 4.00%, 05/15/2043 |
|
|
20,595 |
|
|
|
20,373 |
|
| Texas Department of Housing & Community Affairs, |
|
|
|
|
|
|
|
|
| Rev., GNMA COLL, 6.00%, 07/01/2054 |
|
|
2,020 |
|
|
|
2,279 |
|
| Series A, Rev., GNMA COLL, 4.00%, 03/01/2050 |
|
|
315 |
|
|
|
320 |
|
| Series B, Rev., GNMA COLL, 6.00%, 03/01/2053 |
|
|
580 |
|
|
|
642 |
|
| Series C, Rev., GNMA COLL, 6.00%, 03/01/2054 |
|
|
3,130 |
|
|
|
3,505 |
|
| Texas Department of Housing & Community Affairs, Aspen Park, Rev., 5.00%, 03/01/2041 (z) |
|
|
1,225 |
|
|
|
1,235 |
|
| Texas Department of Housing & Community Affairs, Social Bonds, Series A, Rev., GNMA, 3.00%, 01/01/2052 |
|
|
1,890 |
|
|
|
1,862 |
|
| Texas Department of Housing & Community Affairs, Sustainable Bond, Series B, Rev., GNMA COLL, 5.75%, 01/01/2053 |
|
|
950 |
|
|
|
1,028 |
|
| Texas Municipal Gas Acquisition & Supply Corp. III, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/15/2025 |
|
|
1,305 |
|
|
|
1,327 |
|
| Rev., 5.00%, 12/15/2030 |
|
|
3,300 |
|
|
|
3,563 |
|
| Rev., 5.00%, 12/15/2031 |
|
|
2,000 |
|
|
|
2,174 |
|
| Texas Municipal Gas Acquisition & Supply Corp. IV, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.50%, 01/01/2054 (z) |
|
|
15,815 |
|
|
|
17,220 |
|
| Series B, Rev., 5.50%, 01/01/2054 (z) |
|
|
9,795 |
|
|
|
11,138 |
|
| Texas Municipal Gas Acquisition and Supply Corp. I, Series D, Rev., 6.25%, 12/15/2026 |
|
|
3,560 |
|
|
|
3,682 |
|
| Texas Municipal Power Agency, Rev., AGM, 3.00%, 09/01/2038 |
|
|
500 |
|
|
|
452 |
|
| Texas Private Activity Bond Surface Transportation Corp., Rev., AMT, 5.00%, 06/30/2058 |
|
|
24,555 |
|
|
|
25,134 |
|
| Texas Private Activity Bond Surface Transportation Corp., LBJ Infrastructure Group, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 12/31/2030 |
|
|
3,970 |
|
|
|
4,153 |
|
| Rev., 4.00%, 06/30/2033 |
|
|
1,000 |
|
|
|
1,033 |
|
| Texas Private Activity Bond Surface Transportation Corp., Senior Lien Blueridge Transport, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 12/31/2040 |
|
|
2,955 |
|
|
|
2,955 |
|
| Rev., AMT, 5.00%, 12/31/2045 |
|
|
3,000 |
|
|
|
3,000 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 12/31/2050 |
|
|
2,000 |
|
|
|
2,000 |
|
| Rev., AMT, 5.00%, 12/31/2055 |
|
|
3,000 |
|
|
|
3,000 |
|
| Texas Private Activity Bond Surface Transportation Corp., Senior Lien Bond, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.38%, 06/30/2037 |
|
|
1,750 |
|
|
|
1,908 |
|
| Rev., AMT, 5.38%, 06/30/2038 |
|
|
3,955 |
|
|
|
4,297 |
|
| Rev., AMT, 5.50%, 06/30/2041 |
|
|
1,425 |
|
|
|
1,543 |
|
| Rev., AMT, 5.50%, 06/30/2043 |
|
|
2,750 |
|
|
|
2,967 |
|
| Texas Private Activity Bond Surface Transportation Corp., Senior Lien North Tarrant Express Project, Rev., AMT, 5.50%, 12/31/2058 |
|
|
4,000 |
|
|
|
4,396 |
|
| Texas State Affordable Housing Corp., Juniper Creek Apartments, Rev., 3.75%, 07/01/2044 (z) |
|
|
485 |
|
|
|
491 |
|
| Texas State Affordable Housing Corp., Norman Commons, Rev., 3.63%, 01/01/2045 (z) |
|
|
565 |
|
|
|
573 |
|
| Texas State University System, Rev., 5.00%, 03/15/2041 |
|
|
2,550 |
|
|
|
2,866 |
|
| Texas Transportation Commission, GO, 5.00%, 04/01/2025 |
|
|
1,045 |
|
|
|
1,056 |
|
| Texas Transportation Commission, Transportation Commission Mobility, GO, 0.65%, 10/01/2041 (z) |
|
|
4,500 |
|
|
|
4,290 |
|
| Texas Water Development Board, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 10/15/2035 |
|
|
4,000 |
|
|
|
4,022 |
|
| Rev., 5.00%, 08/01/2025 |
|
|
1,300 |
|
|
|
1,325 |
|
| Rev., 5.00%, 08/01/2026 |
|
|
2,250 |
|
|
|
2,355 |
|
| Series A, Rev., 5.00%, 10/15/2028 |
|
|
115 |
|
|
|
126 |
|
| Texas Water Development Board, Master Trust, Rev., 4.00%, 10/15/2033 |
|
|
1,000 |
|
|
|
1,056 |
|
| Texas Water Development Board, Revolving Fund, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/01/2038 |
|
|
500 |
|
|
|
516 |
|
| Rev., 5.00%, 08/01/2028 |
|
|
625 |
|
|
|
684 |
|
| Series A, Rev., 5.00%, 10/15/2028 |
|
|
100 |
|
|
|
108 |
|
| Texas Water Development Board, State Revolving Fund, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/01/2037 |
|
|
2,015 |
|
|
|
2,083 |
|
| Rev., 5.00%, 08/01/2027 |
|
|
2,835 |
|
|
|
3,039 |
|
| Texas Water Development Board, State Water Implementation Fund, |
|
|
|
|
|
|
|
|
| Rev., 3.00%, 10/15/2033 |
|
|
2,000 |
|
|
|
1,974 |
|
| Series A, Rev., 4.00%, 10/15/2033 |
|
|
1,900 |
|
|
|
1,950 |
|
| Series A, Rev., 5.00%, 04/15/2026 |
|
|
100 |
|
|
|
104 |
|
| Series A, Rev., 5.00%, 10/15/2030 |
|
|
500 |
|
|
|
510 |
|
| Series A, Rev., 5.00%, 10/15/2047 |
|
|
2,480 |
|
|
|
2,570 |
|
| Series B, Rev., 5.00%, 04/15/2049 |
|
|
11,535 |
|
|
|
12,126 |
|
| Texas Water Development Board, State Water Implementation Revenue, Rev., 5.25%, 10/15/2046 |
|
|
2,000 |
|
|
|
2,081 |
|
| Travis County Housing Finance Corp., Airport Gateway Apartments, Rev., 4.13%, 06/01/2045 (z) |
|
|
190 |
|
|
|
191 |
|
| Trinity River Authority Central Regional Wastewater System Revenue, Rev., 5.00%, 08/01/2029 |
|
|
1,500 |
|
|
|
1,672 |
|
| University of Houston, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 02/15/2034 |
|
|
2,000 |
|
|
|
2,269 |
|
| Series A, Rev., 5.00%, 02/15/2041 |
|
|
2,000 |
|
|
|
2,197 |
|
| University of Texas, Series C, Rev., 5.00%, 08/15/2028 |
|
|
100 |
|
|
|
110 |
|
| Upper Trinity Regional Water District, Rev., BAM, 4.25%, 08/01/2049 |
|
|
1,500 |
|
|
|
1,504 |
|
| Uptown Development Authority, |
|
|
|
|
|
|
|
|
| Tax Allocation, 4.00%, 09/01/2033 |
|
|
400 |
|
|
|
399 |
|
| Tax Allocation, 4.00%, 09/01/2035 |
|
|
995 |
|
|
|
971 |
|
| Waco Educational Finance Corp., Baylor University Issue, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 03/01/2035 |
|
|
1,500 |
|
|
|
1,675 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Texas — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 03/01/2036 |
|
|
750 |
|
|
|
775 |
|
| Waller Consolidated Independent School District, |
|
|
|
|
|
|
|
|
| GO, BAM, 5.00%, 02/15/2040 |
|
|
2,800 |
|
|
|
3,120 |
|
| GO, BAM, 5.00%, 02/15/2042 |
|
|
6,550 |
|
|
|
7,230 |
|
| Waxahachie Independent School District, |
|
|
|
|
|
|
|
|
| GO, PSF-GTD, 4.00%, 02/15/2049 |
|
|
2,500 |
|
|
|
2,457 |
|
| GO, PSF-GTD, 4.25%, 02/15/2053 |
|
|
1,670 |
|
|
|
1,680 |
|
| GO, PSF-GTD, 5.00%, 02/15/2028 |
|
|
1,250 |
|
|
|
1,353 |
|
| GO, PSF-GTD, 5.00%, 02/15/2029 |
|
|
1,370 |
|
|
|
1,513 |
|
| GO, PSF-GTD, 5.00%, 02/15/2035 |
|
|
1,135 |
|
|
|
1,325 |
|
| GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
1,000 |
|
|
|
1,138 |
|
| GO, PSF-GTD, 5.00%, 02/15/2041 |
|
|
1,000 |
|
|
|
1,133 |
|
| GO, PSF-GTD, 5.00%, 02/15/2042 |
|
|
1,000 |
|
|
|
1,128 |
|
| GO, PSF-GTD, 5.00%, 02/15/2043 |
|
|
1,500 |
|
|
|
1,685 |
|
| GO, PSF-GTD, 5.00%, 02/15/2044 |
|
|
900 |
|
|
|
1,006 |
|
| Weslaco Independent School District, GO, PSF-GTD, 5.00%, 02/15/2040 |
|
|
500 |
|
|
|
568 |
|
| Whitesboro Independent School District, GO, PSF-GTD, 5.00%, 02/15/2028 |
|
|
550 |
|
|
|
593 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,198,752 |
|
|
|
|
|
|
|
|
|
|
| Utah — 0.7% |
|
|
|
|
|
|
|
|
| Black Desert Public Infrastructure District, Special Assessment, 5.63%, 12/01/2053 (e) |
|
|
2,135 |
|
|
|
2,227 |
|
| Canyons School District, Series B, GO, SCH BD GTY, 5.00%, 06/15/2027 |
|
|
1,000 |
|
|
|
1,070 |
|
| City of Salt Lake City Airport Revenue, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 07/01/2028 |
|
|
1,875 |
|
|
|
1,996 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2037 |
|
|
5,000 |
|
|
|
5,378 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2046 |
|
|
5,000 |
|
|
|
5,260 |
|
| Series A, Rev., AMT, 5.00%, 07/01/2047 |
|
|
2,560 |
|
|
|
2,608 |
|
| Series A, Rev., AMT, 5.25%, 07/01/2040 |
|
|
2,400 |
|
|
|
2,646 |
|
| Series A, Rev., AMT, 5.25%, 07/01/2041 |
|
|
1,000 |
|
|
|
1,097 |
|
| Series A, Rev., AMT, 5.25%, 07/01/2042 |
|
|
2,750 |
|
|
|
3,010 |
|
| Series A, Rev., AMT, 5.25%, 07/01/2048 |
|
|
2,750 |
|
|
|
2,993 |
|
| County of Utah, IHC Health Services, Inc., |
|
|
|
|
|
|
|
|
| Series A, Rev., 4.00%, 05/15/2045 |
|
|
10,020 |
|
|
|
9,797 |
|
| Series B, Rev., 5.00%, 05/15/2060 (z) |
|
|
625 |
|
|
|
644 |
|
| Downtown East Streetcar Sewer Public Infrastructure District, Senior Lien, Series A, GO, 6.00%, 03/01/2053 (e) |
|
|
1,415 |
|
|
|
1,417 |
|
| Firefly Public Infrastructure District No. 1 Assessment Area No. 1, Special Assessment, 5.63%, 12/01/2043 (e) |
|
|
545 |
|
|
|
570 |
|
| Intermountain Power Agency, Series A, Rev., 5.00%, 07/01/2030 |
|
|
500 |
|
|
|
568 |
|
| Provo School District, GO, SCH BD GTY, 5.00%, 06/15/2028 |
|
|
2,000 |
|
|
|
2,183 |
|
| Red Bridge Public Infrastructure District No. 1, Senior Infrastructure District, Series 1A, GO, 3.63%, 02/01/2035 (e) |
|
|
600 |
|
|
|
499 |
|
| State of Utah, |
|
|
|
|
|
|
|
|
| GO, 3.00%, 07/01/2034 |
|
|
2,000 |
|
|
|
1,984 |
|
| Series B, GO, 5.00%, 07/01/2029 |
|
|
100 |
|
|
|
111 |
|
| University of Utah (The), Series A, Rev., 5.00%, 08/01/2039 |
|
|
1,505 |
|
|
|
1,569 |
|
| University of Utah, Board of Regents, Series A, Rev., 4.00%, 08/01/2040 |
|
|
1,750 |
|
|
|
1,789 |
|
| Utah Housing Corp., |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 4.60%, 07/01/2044 |
|
|
2,275 |
|
|
|
2,330 |
|
| Rev., GNMA/FNMA/FHLMC, 6.00%, 07/01/2054 |
|
|
1,790 |
|
|
|
2,017 |
|
| Rev., GNMA/FNMA/FHLMC, 6.25%, 07/01/2055 |
|
|
2,690 |
|
|
|
3,074 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Utah — continued |
|
|
|
|
|
|
|
|
| Series A, Rev., GNMA/FNMA/FHLMC, 6.50%, 01/01/2054 |
|
|
1,445 |
|
|
|
1,619 |
|
| Series C, Rev., GNMA/FNMA/FHLMC, 4.45%, 01/01/2044 |
|
|
1,350 |
|
|
|
1,367 |
|
| Series C, Rev., GNMA/FNMA/FHLMC, 4.65%, 01/01/2049 |
|
|
2,000 |
|
|
|
2,034 |
|
| Series C, Rev., GNMA/FNMA/FHLMC, 6.00%, 07/01/2054 |
|
|
2,000 |
|
|
|
2,247 |
|
| Utah Housing Corp., Drawdown New City, Rev., FHA HUD, 3.63%, 02/01/2026 |
|
|
906 |
|
|
|
910 |
|
| Utah Municipal Power Agency, Rev., 5.00%, 07/01/2038 |
|
|
8,900 |
|
|
|
9,181 |
|
| Utah Telecommunication Open Infrastructure Agency, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2025 |
|
|
115 |
|
|
|
116 |
|
| Rev., 5.00%, 06/01/2027 |
|
|
130 |
|
|
|
138 |
|
| Rev., 5.00%, 06/01/2031 |
|
|
210 |
|
|
|
237 |
|
| Rev., 5.25%, 06/01/2035 |
|
|
700 |
|
|
|
804 |
|
| Rev., 5.25%, 06/01/2037 |
|
|
2,250 |
|
|
|
2,567 |
|
| Utah Transit Authority, Series A, Rev., 4.00%, 06/15/2036 (p) |
|
|
1,500 |
|
|
|
1,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
79,568 |
|
|
|
|
|
|
|
|
|
|
| Vermont — 0.1% |
|
|
|
|
|
|
|
|
| Vermont Housing Finance Agency, |
|
|
|
|
|
|
|
|
| Rev., GNMA/FNMA/FHLMC, 4.45%, 11/01/2044 |
|
|
2,035 |
|
|
|
2,061 |
|
| Series A, Rev., GNMA/FNMA/FHLMC, 4.00%, 11/01/2049 |
|
|
225 |
|
|
|
228 |
|
| Vermont Municipal Bond Bank, Vermont State Colleges System, Series A, Rev., 4.00%, 10/01/2034 |
|
|
250 |
|
|
|
261 |
|
| Vermont Student Assistance Corp., |
|
|
|
|
|
|
|
|
| Rev., AMT, 4.13%, 06/15/2036 |
|
|
500 |
|
|
|
500 |
|
| Rev., AMT, 4.25%, 06/15/2037 |
|
|
850 |
|
|
|
855 |
|
| Rev., AMT, 4.38%, 06/15/2038 |
|
|
750 |
|
|
|
760 |
|
| Rev., AMT, 4.50%, 06/15/2039 |
|
|
800 |
|
|
|
815 |
|
| Rev., AMT, 5.25%, 06/15/2030 |
|
|
600 |
|
|
|
650 |
|
| Rev., AMT, 5.25%, 06/15/2031 |
|
|
700 |
|
|
|
764 |
|
| Rev., AMT, 5.25%, 06/15/2032 |
|
|
950 |
|
|
|
1,043 |
|
| Series A, Rev., AMT, 2.38%, 06/15/2039 |
|
|
425 |
|
|
|
398 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,335 |
|
|
|
|
|
|
|
|
|
|
| Virginia — 2.1% |
|
|
|
|
|
|
|
|
| Albemarle County Economic Development Authority, Westminster Canterbury of the Blue Ridge, Rev., 4.00%, 06/01/2035 |
|
|
1,365 |
|
|
|
1,422 |
|
| Chesapeake Bay Bridge & Tunnel District, First Tier General Resolution, Rev., 5.00%, 07/01/2051 |
|
|
7,145 |
|
|
|
7,201 |
|
| Commonwealth of Virginia, Series B, GO, 5.00%, 06/01/2027 |
|
|
1,000 |
|
|
|
1,042 |
|
| County of Fairfax Sewer Revenue, Series A, Rev., 5.00%, 07/15/2037 |
|
|
685 |
|
|
|
811 |
|
| County of Fairfax, Public Improvement, Series A, GO, 5.00%, 10/01/2031 (p) |
|
|
945 |
|
|
|
979 |
|
| County of Henrico Water & Sewer Revenue, Rev., 5.00%, 05/01/2046 (p) |
|
|
1,000 |
|
|
|
1,040 |
|
| Fairfax County Industrial Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/15/2048 |
|
|
17,040 |
|
|
|
16,819 |
|
| Rev., 4.13%, 05/15/2054 |
|
|
3,000 |
|
|
|
2,972 |
|
| Fairfax County Industrial Development Authority, Inova Health System Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 05/15/2042 |
|
|
5,000 |
|
|
|
5,106 |
|
| Rev., 5.00%, 05/15/2029 |
|
|
2,000 |
|
|
|
2,216 |
|
| Fairfax County Redevelopment & Housing Authority, Dominion Square North Project, Rev., 5.00%, 01/01/2045 (z) |
|
|
2,250 |
|
|
|
2,353 |
|
| Fairfax County Redevelopment & Housing Authority, One University Senior Apartments, Rev., 1.25%, 12/01/2025 (z) |
|
|
4,680 |
|
|
|
4,656 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Virginia — continued |
|
|
|
|
|
|
|
|
| FHLMC Multifamily VRD Certificates, Series A, Rev., 2.25%, 12/15/2037 |
|
|
950 |
|
|
|
803 |
|
| Halifax County Industrial Development Authority, Rev., 3.80%, 12/01/2041 (z) |
|
|
1,000 |
|
|
|
1,025 |
|
| Hampton Roads Sanitation District, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 11/01/2036 |
|
|
1,000 |
|
|
|
1,190 |
|
| Series A, Rev., 5.00%, 11/01/2037 |
|
|
1,600 |
|
|
|
1,896 |
|
| Series A, Rev., 5.00%, 11/01/2038 |
|
|
1,500 |
|
|
|
1,767 |
|
| Hampton Roads Transportation Accountability Commission, Series A, Rev., BAN, 5.00%, 07/01/2027 |
|
|
6,310 |
|
|
|
6,738 |
|
| Hampton Roads Transportation Accountability Commission, Senior Lien, |
|
|
|
|
|
|
|
|
| Series A, Rev., BAN, 5.00%, 07/01/2026 (p) |
|
|
1,130 |
|
|
|
1,178 |
|
| Series A, Rev., 5.00%, 07/01/2031 |
|
|
1,500 |
|
|
|
1,693 |
|
| Series A, Rev., TRAN, 5.00%, 07/01/2038 (p) |
|
|
1,000 |
|
|
|
1,079 |
|
| Series A, Rev., 5.00%, 07/01/2039 |
|
|
2,100 |
|
|
|
2,302 |
|
| Isle of Wight County Economic Development Authority, Riverside Health System, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 07/01/2036 |
|
|
750 |
|
|
|
836 |
|
| Rev., AGM, 5.00%, 07/01/2037 |
|
|
500 |
|
|
|
555 |
|
| Rev., AGM, 5.25%, 07/01/2043 |
|
|
1,620 |
|
|
|
1,825 |
|
| Rev., AGM, 5.25%, 07/01/2053 |
|
|
5,000 |
|
|
|
5,480 |
|
| James City County Economic Development Authority, Williamsburg Landing, Series A, Rev., 4.00%, 12/01/2035 |
|
|
150 |
|
|
|
149 |
|
| Louisa Industrial Development Authority, Virginia Electric and Power Co. Project, Series B, Rev., 0.75%, 11/01/2035 (z) |
|
|
2,125 |
|
|
|
2,045 |
|
| Lynchburg Economic Development Authority, Centra Health Obligation Group, |
|
|
|
|
|
|
|
|
| Rev., 3.00%, 01/01/2051 |
|
|
4,750 |
|
|
|
3,753 |
|
| Rev., 5.00%, 01/01/2029 |
|
|
700 |
|
|
|
758 |
|
| Norfolk Airport Authority, Rev., 5.00%, 07/01/2038 |
|
|
1,175 |
|
|
|
1,252 |
|
| Norfolk Redevelopment & Housing Authority, Braywood Manor Apartments Project, Rev., HUD, 5.00%, 05/01/2043 (z) |
|
|
350 |
|
|
|
361 |
|
| Norfolk Redevelopment & Housing Authority, Fort Norfolk Retirement Community Harbor, Rev., 4.38%, 01/01/2039 |
|
|
1,400 |
|
|
|
1,318 |
|
| Roanoke Economic Development Authority, Carilion Clinic Obligation Group, Rev., 5.00%, 07/01/2047 |
|
|
2,000 |
|
|
|
2,332 |
|
| Southampton County Industrial Development Authority, PRTI-Virginia One LLC, Rev., AMT, 4.88%, 11/01/2053 (z) |
|
|
4,940 |
|
|
|
4,939 |
|
| Upper Occoquan Sewage Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2033 (p) |
|
|
2,630 |
|
|
|
2,653 |
|
| Rev., 5.00%, 07/01/2027 (p) |
|
|
2,485 |
|
|
|
2,526 |
|
| Virginia Beach Development Authority, Temps 50Sm Westminster Canterbury, Rev., 5.38%, 09/01/2029 |
|
|
2,000 |
|
|
|
2,084 |
|
| Virginia Beach Development Authority, Westminster Canterbury, Rev., 5.00%, 09/01/2044 |
|
|
2,215 |
|
|
|
2,250 |
|
| Virginia Beach Development Authority, Westminster Canterbury on Chesapeake Bay, Rev., 6.50%, 09/01/2043 |
|
|
3,300 |
|
|
|
3,801 |
|
| Virginia College Building Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/01/2043 |
|
|
2,000 |
|
|
|
2,041 |
|
| Series A, Rev., 4.00%, 02/01/2034 |
|
|
3,500 |
|
|
|
3,628 |
|
| Virginia College Building Authority, 21st Century College & Equipment, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/01/2044 |
|
|
5,000 |
|
|
|
5,078 |
|
| Rev., 5.00%, 02/01/2028 |
|
|
1,000 |
|
|
|
1,083 |
|
| Virginia College Building Authority, 21st Century College and Equipment, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 02/01/2040 |
|
|
1,815 |
|
|
|
1,838 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Virginia — continued |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/01/2029 |
|
|
1,000 |
|
|
|
1,106 |
|
| Rev., 5.00%, 02/01/2033 |
|
|
3,750 |
|
|
|
4,164 |
|
| Virginia College Building Authority, Marymount University Project, Series A, Rev., 5.00%, 07/01/2045 (e) |
|
|
1,000 |
|
|
|
902 |
|
| Virginia Commonwealth University Health System Authority, Rev., VRDO, LOC: TD Bank NA, 3.80%, 10/01/2024 (z) |
|
|
14,700 |
|
|
|
14,700 |
|
| Virginia Housing Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.40%, 10/01/2044 |
|
|
1,000 |
|
|
|
1,009 |
|
| Series E1, Rev., 4.35%, 10/01/2044 |
|
|
685 |
|
|
|
690 |
|
| Series G, Rev., 5.05%, 11/01/2047 |
|
|
1,750 |
|
|
|
1,852 |
|
| Virginia Port Authority, Series B, Rev., AMT, 5.00%, 07/01/2045 |
|
|
5,000 |
|
|
|
5,028 |
|
| Virginia Port Authority Commonwealth Port Fund, Rev., AMT, 5.00%, 07/01/2039 (p) |
|
|
1,955 |
|
|
|
1,980 |
|
| Virginia Public Building Authority, Rev., 5.00%, 08/01/2034 |
|
|
4,000 |
|
|
|
4,780 |
|
| Virginia Public Building Authority, Bidding Group 1, Series A, Rev., 5.00%, 08/01/2033 |
|
|
1,000 |
|
|
|
1,161 |
|
| Virginia Public School Authority, Series B, Rev., 5.00%, 08/01/2052 |
|
|
3,670 |
|
|
|
4,013 |
|
| Virginia Resources Authority Clean Water Revolving Fund, Revolving Fund, Series B, Rev., 4.00%, 10/01/2027 |
|
|
5,000 |
|
|
|
5,005 |
|
| Virginia Resources Authority, Virginia Pooled Financing, Rev., 5.00%, 11/01/2028 |
|
|
1,510 |
|
|
|
1,662 |
|
| Virginia Resources Authority, Virginia Pooled Financing Program, Rev., 5.00%, 11/01/2028 |
|
|
1,000 |
|
|
|
1,102 |
|
| Virginia Small Business Financing Authority, National Senior Campuses, |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 01/01/2025 |
|
|
700 |
|
|
|
701 |
|
| Series A, Rev., 5.00%, 01/01/2032 |
|
|
1,500 |
|
|
|
1,585 |
|
| Virginia Small Business Financing Authority, Senior Lien 95 Express, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2032 |
|
|
400 |
|
|
|
433 |
|
| Rev., AMT, 5.00%, 07/01/2033 |
|
|
2,320 |
|
|
|
2,503 |
|
| Rev., AMT, 5.00%, 01/01/2036 |
|
|
200 |
|
|
|
214 |
|
| Rev., AMT, 5.00%, 07/01/2037 |
|
|
1,000 |
|
|
|
1,067 |
|
| Virginia Small Business Financing Authority, Senior Lien, 495 Hot, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 06/30/2040 |
|
|
3,735 |
|
|
|
4,051 |
|
| Rev., AMT, 5.00%, 06/30/2041 |
|
|
3,470 |
|
|
|
3,749 |
|
| Rev., AMT, 5.00%, 12/31/2047 |
|
|
1,000 |
|
|
|
1,061 |
|
| Virginia Small Business Financing Authority, Senior Lien, Elizabeth River, |
|
|
|
|
|
|
|
|
| Rev., AMT, 3.00%, 01/01/2041 |
|
|
8,740 |
|
|
|
7,148 |
|
| Rev., AMT, 4.00%, 01/01/2030 |
|
|
3,125 |
|
|
|
3,182 |
|
| Rev., AMT, 4.00%, 01/01/2033 |
|
|
1,500 |
|
|
|
1,517 |
|
| Rev., AMT, 4.00%, 01/01/2034 |
|
|
2,250 |
|
|
|
2,271 |
|
| Virginia Small Business Financing Authority, Transform 66 P3 Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 12/31/2047 |
|
|
2,575 |
|
|
|
2,626 |
|
| Rev., AMT, 5.00%, 12/31/2052 |
|
|
8,425 |
|
|
|
8,560 |
|
| Rev., AMT, 5.00%, 12/31/2056 |
|
|
6,250 |
|
|
|
6,337 |
|
| Williamsburg Economic Development Authority, Williamsburg Properties LLC, |
|
|
|
|
|
|
|
|
| Rev., AGM, 4.00%, 07/01/2048 |
|
|
1,245 |
|
|
|
1,231 |
|
| Rev., AGM, 5.25%, 07/01/2053 |
|
|
5,100 |
|
|
|
5,612 |
|
| Wise County Industrial Development Authority, Electric and Power Company Project, Series A, Rev., 0.75%, 10/01/2040 (z) |
|
|
4,500 |
|
|
|
4,331 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
226,206 |
|
|
|
|
|
|
|
|
|
|
| Washington — 3.3% |
|
|
|
|
|
|
|
|
| Central Puget Sound Regional Transit Authority Sales & Rental Car Taxes Revenue, Series S1, Rev., 5.00%, 11/01/2035 (p) |
|
|
1,085 |
|
|
|
1,112 |
|
| Chelan County Public Utility District No. 1, Series C, Rev., AMT, 5.00%, 07/01/2026 |
|
|
1,285 |
|
|
|
1,332 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Washington — continued |
|
|
|
|
|
|
|
|
| City of Seattle Municipal Light & Power Revenue, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 09/01/2040 |
|
|
1,000 |
|
|
|
1,000 |
|
| Series B, Rev., (SIFMA Municipal Swap Index + 0.25%), 3.40%, 05/01/2045 (aa) |
|
|
2,000 |
|
|
|
1,963 |
|
| City of Seattle Municipal Light & Power Revenue, Green Bond, Series A, Rev., 4.00%, 07/01/2040 |
|
|
1,300 |
|
|
|
1,325 |
|
| City of Seattle WA Municipal Light & Power Revenue, Series A, Rev., 4.00%, 01/01/2047 |
|
|
10,000 |
|
|
|
9,928 |
|
| City of Seattle, Drainage & Wastewater Revenue, Rev., 4.00%, 05/01/2044 |
|
|
945 |
|
|
|
945 |
|
| City of Tacoma, Electric System Revenue, Series A, Rev., 4.00%, 01/01/2042 |
|
|
5,460 |
|
|
|
5,404 |
|
| Clark County Public Utility District No. 1, Rev., 4.00%, 01/01/2034 |
|
|
665 |
|
|
|
701 |
|
| County of Grant, GO, 5.25%, 12/01/2047 |
|
|
1,000 |
|
|
|
1,109 |
|
| County of King, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 12/01/2042 |
|
|
5,155 |
|
|
|
5,859 |
|
| Series A, GO, 5.00%, 12/01/2034 |
|
|
1,335 |
|
|
|
1,502 |
|
| Energy Northwest, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 07/01/2025 |
|
|
5,000 |
|
|
|
5,078 |
|
| Series A, Rev., 5.00%, 07/01/2039 |
|
|
1,000 |
|
|
|
1,156 |
|
| Energy Northwest Washington, Project 3 Electric Revenue, Series C, Rev., 5.00%, 07/01/2027 |
|
|
100 |
|
|
|
107 |
|
| Energy Northwest, Columbia Generating Station, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 07/01/2035 |
|
|
5,265 |
|
|
|
5,287 |
|
| Rev., 4.00%, 07/01/2042 |
|
|
1,625 |
|
|
|
1,652 |
|
| Energy Northwest, Project 1, Series A, Rev., 5.00%, 07/01/2028 |
|
|
4,550 |
|
|
|
4,622 |
|
| Grant County Public Hospital District No. 2, GO, 5.50%, 12/01/2044 |
|
|
900 |
|
|
|
974 |
|
| Grant County Public Utility District No. 2 Priest Rapids Hydroelectric Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 01/01/2040 |
|
|
1,250 |
|
|
|
1,404 |
|
| Series A, Rev., 5.00%, 01/01/2043 (p) |
|
|
1,555 |
|
|
|
1,601 |
|
| Grant County, Public Utility District No. 2, Electric Revenue, |
|
|
|
|
|
|
|
|
| Series 2017-O, Rev., 5.00%, 01/01/2047 |
|
|
4,950 |
|
|
|
5,150 |
|
| Series R, Rev., 2.00%, 01/01/2044 (z) |
|
|
1,500 |
|
|
|
1,479 |
|
| Jefferson County Public Hospital District No. 2, Jefferson Healthcare, Series A, Rev., 6.63%, 12/01/2043 |
|
|
7,500 |
|
|
|
7,732 |
|
| King & Snohomish Counties School District No. 417 Northshore, GO, SCH BD GTY, 5.00%, 12/01/2042 |
|
|
3,855 |
|
|
|
4,365 |
|
| King County Housing Authority, Rev., 5.00%, 11/01/2029 |
|
|
1,325 |
|
|
|
1,429 |
|
| King County Public Hospital District No. 4, GO, 5.00%, 12/01/2038 |
|
|
1,000 |
|
|
|
1,003 |
|
| King County School District No. 401 Highline, GO, SCH BD GTY, 5.00%, 12/01/2041 |
|
|
5,030 |
|
|
|
5,632 |
|
| King County School District No. 405 Bellevue, |
|
|
|
|
|
|
|
|
| GO, SCH BD GTY, 3.00%, 12/01/2037 |
|
|
5,385 |
|
|
|
5,219 |
|
| GO, SCH BD GTY, 3.00%, 12/01/2038 |
|
|
1,925 |
|
|
|
1,817 |
|
| Pierce County School District No. 10 Tacoma, GO, SCH BD GTY, 5.00%, 12/01/2048 (w) |
|
|
4,000 |
|
|
|
4,443 |
|
| Pierce County School District No. 10 Tacoma, Social Bonds, Series B, GO, SCH BD GTY, 4.00%, 12/01/2042 |
|
|
10,000 |
|
|
|
10,147 |
|
| Port of Seattle, |
|
|
|
|
|
|
|
|
| Series A, Rev., AMT, 5.00%, 05/01/2036 |
|
|
2,000 |
|
|
|
2,067 |
|
| Series B, Rev., AMT, 5.00%, 05/01/2028 |
|
|
4,000 |
|
|
|
4,243 |
|
| Port of Seattle Industrial Development Corp., Special Facilities Delta Airline, Rev., AMT, 5.00%, 04/01/2030 |
|
|
2,000 |
|
|
|
2,001 |
|
| Port of Seattle WA, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 07/01/2028 |
|
|
2,250 |
|
|
|
2,393 |
|
| GO, AMT, 5.00%, 06/01/2048 |
|
|
10,000 |
|
|
|
10,770 |
|
| Rev., AMT, 5.25%, 07/01/2043 |
|
|
5,000 |
|
|
|
5,505 |
|
| Rev., AMT, 5.25%, 07/01/2044 |
|
|
14,000 |
|
|
|
15,362 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Washington — continued |
|
|
|
|
|
|
|
|
| Port of Seattle, Intermediate Lien, |
|
|
|
|
|
|
|
|
| Rev., AMT, 5.00%, 08/01/2026 |
|
|
1,000 |
|
|
|
1,034 |
|
| Rev., 5.00%, 02/01/2028 |
|
|
900 |
|
|
|
925 |
|
| Rev., AMT, 5.00%, 04/01/2028 |
|
|
2,250 |
|
|
|
2,384 |
|
| Rev., AMT, 5.00%, 08/01/2028 |
|
|
1,000 |
|
|
|
1,065 |
|
| Rev., AMT, 5.00%, 04/01/2030 |
|
|
4,000 |
|
|
|
4,281 |
|
| Rev., AMT, 5.00%, 04/01/2032 |
|
|
2,110 |
|
|
|
2,239 |
|
| Rev., AMT, 5.00%, 04/01/2044 |
|
|
2,000 |
|
|
|
2,072 |
|
| Rev., AMT, 5.00%, 08/01/2046 |
|
|
3,500 |
|
|
|
3,694 |
|
| Rev., AMT, 5.00%, 08/01/2047 |
|
|
1,250 |
|
|
|
1,327 |
|
| Rev., AMT, 5.50%, 08/01/2047 |
|
|
1,000 |
|
|
|
1,096 |
|
| Series C, Rev., AMT, 5.00%, 05/01/2026 |
|
|
1,000 |
|
|
|
1,029 |
|
| Series C, Rev., AMT, 5.00%, 05/01/2034 |
|
|
3,455 |
|
|
|
3,578 |
|
| Series C, Rev., AMT, 5.00%, 08/01/2034 |
|
|
5,000 |
|
|
|
5,448 |
|
| Seattle Housing Authority, Northgate Plaza Project, Rev., 1.00%, 06/01/2026 |
|
|
2,045 |
|
|
|
1,956 |
|
| Skagit County Public Hospital District No. 1, Rev., 5.50%, 12/01/2054 |
|
|
4,500 |
|
|
|
4,853 |
|
| Skagit County Public Hospital District No. 1, Improvement Skagit Regional Health, Rev., 5.00%, 12/01/2031 |
|
|
2,145 |
|
|
|
2,178 |
|
| Spokane County School District No. 81 Spokane, Series C, GO, SCH BD GTY, 5.00%, 12/01/2034 |
|
|
2,000 |
|
|
|
2,137 |
|
| State of Washington, |
|
|
|
|
|
|
|
|
| GO, 4.00%, 06/01/2043 |
|
|
2,975 |
|
|
|
3,034 |
|
| Series 2020A, GO, 5.00%, 08/01/2038 |
|
|
1,500 |
|
|
|
1,632 |
|
| Series 2021A, GO, 5.00%, 06/01/2034 |
|
|
1,000 |
|
|
|
1,117 |
|
| Series A1, GO, 5.00%, 08/01/2040 |
|
|
13,645 |
|
|
|
13,805 |
|
| Series A3, GO, 5.00%, 08/01/2044 |
|
|
1,000 |
|
|
|
1,103 |
|
| Series A, GO, 5.00%, 08/01/2036 |
|
|
1,475 |
|
|
|
1,641 |
|
| Series A, GO, 5.00%, 08/01/2040 |
|
|
3,890 |
|
|
|
4,265 |
|
| Series B, GO, 5.00%, 07/01/2025 |
|
|
75 |
|
|
|
76 |
|
| Series B, GO, 5.00%, 07/01/2027 |
|
|
1,000 |
|
|
|
1,030 |
|
| Series B, GO, 5.00%, 06/01/2035 |
|
|
4,760 |
|
|
|
5,305 |
|
| Series B, GO, 5.00%, 02/01/2040 |
|
|
20,000 |
|
|
|
20,093 |
|
| Series B, GO, 5.00%, 06/01/2045 |
|
|
2,900 |
|
|
|
3,218 |
|
| Series D, GO, 4.00%, 07/01/2033 |
|
|
2,000 |
|
|
|
2,143 |
|
| Series F, GO, AMBAC, Zero Coupon, 12/01/2029 |
|
|
1,000 |
|
|
|
862 |
|
| Series R, GO, 5.00%, 02/01/2031 |
|
|
1,000 |
|
|
|
1,144 |
|
| Series R, GO, 5.00%, 08/01/2031 |
|
|
750 |
|
|
|
864 |
|
| Series R, GO, 5.00%, 08/01/2040 |
|
|
1,545 |
|
|
|
1,777 |
|
| Series RC, GO, 5.00%, 08/01/2029 |
|
|
100 |
|
|
|
107 |
|
| Series R-2015E, GO, 5.00%, 07/01/2025 |
|
|
1,000 |
|
|
|
1,005 |
|
| Series R-2017A, GO, 5.00%, 08/01/2027 |
|
|
1,000 |
|
|
|
1,044 |
|
| Series R-2022B, GO, 4.00%, 02/01/2035 |
|
|
500 |
|
|
|
533 |
|
| Series R-2022D, GO, 4.00%, 07/01/2028 |
|
|
3,140 |
|
|
|
3,316 |
|
| State of Washington, Bid Group 1, Series C, GO, 5.00%, 02/01/2028 |
|
|
1,490 |
|
|
|
1,617 |
|
| State of Washington, Bid Group 2, Series C, GO, 5.00%, 02/01/2046 |
|
|
7,000 |
|
|
|
7,794 |
|
| State of Washington, MVFT/VRF GO Bonds, |
|
|
|
|
|
|
|
|
| Series F, GO, 5.00%, 06/01/2034 |
|
|
4,080 |
|
|
|
4,634 |
|
| Series F, GO, 5.00%, 06/01/2038 |
|
|
2,775 |
|
|
|
3,102 |
|
| State of Washington, Various Purpose, |
|
|
|
|
|
|
|
|
| Series 2015A1, GO, 5.00%, 08/01/2036 |
|
|
11,200 |
|
|
|
11,203 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Washington — continued |
|
|
|
|
|
|
|
|
| Series A, GO, 5.00%, 08/01/2041 |
|
|
10,000 |
|
|
|
10,598 |
|
| Three Rivers Regional Wastewater Authority, Sustainable Bond, |
|
|
|
|
|
|
|
|
| Rev., BAM, 4.00%, 09/01/2042 |
|
|
1,750 |
|
|
|
1,773 |
|
| Rev., BAM, 4.00%, 09/01/2043 |
|
|
1,000 |
|
|
|
1,011 |
|
| Thurston County School District No. 111 Olympia, GO, SCH BD GTY, 5.00%, 12/01/2026 |
|
|
1,275 |
|
|
|
1,344 |
|
| University of Washington, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/01/2026 (p) |
|
|
1,500 |
|
|
|
1,555 |
|
| Series B, Rev., 4.00%, 06/01/2035 |
|
|
3,075 |
|
|
|
3,089 |
|
| Washington Health Care Facilities Authority, Multicare Health System, Series B, Rev., 5.00%, 08/15/2037 |
|
|
1,200 |
|
|
|
1,253 |
|
| Washington Health Care Facilities Authority, Seattle Cancer Care Alliance, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 12/01/2040 (e) |
|
|
1,510 |
|
|
|
1,495 |
|
| Rev., 5.00%, 09/01/2045 |
|
|
1,000 |
|
|
|
1,058 |
|
| Washington Health Care Facilities Authority, Seattle Children’s Hospital, Series A, Rev., 4.00%, 10/01/2045 |
|
|
7,500 |
|
|
|
7,446 |
|
| Washington Health Care Facilities Authority, Unrefunded Providence Health, Rev., 5.00%, 10/01/2041 |
|
|
8,000 |
|
|
|
8,002 |
|
| Washington Health Care Facilities Authority, Unrefunded Providence Health & Services, Rev., 5.00%, 10/01/2044 |
|
|
4,365 |
|
|
|
4,365 |
|
| Washington Health Care Facilities Authority, Virginia Mason Medical Center, Rev., 5.00%, 08/15/2036 |
|
|
5,500 |
|
|
|
5,620 |
|
| Washington State Convention Center Public Facilities District, Rev., 5.00%, 07/01/2058 |
|
|
3,150 |
|
|
|
3,194 |
|
| Washington State Convention Center Public Facilities District, Subordinated Sustainable Bond, Rev., 5.00%, 07/01/2032 |
|
|
1,540 |
|
|
|
1,656 |
|
| Washington State Housing Finance Commission, |
|
|
|
|
|
|
|
|
| Rev., 3.38%, 04/20/2037 |
|
|
2,408 |
|
|
|
2,228 |
|
| Rev., 3.50%, 12/20/2035 |
|
|
5,667 |
|
|
|
5,412 |
|
| Rev., 4.08%, 03/20/2040 |
|
|
3,915 |
|
|
|
3,889 |
|
| Series 2N, Rev., GNMA/FNMA/FHLMC COLL, 3.00%, 12/01/2050 |
|
|
645 |
|
|
|
637 |
|
| Washington State Housing Finance Commission, Ardea at Totem Lake Apartments, Rev., 5.00%, 12/01/2043 (z) |
|
|
4,900 |
|
|
|
5,065 |
|
| Washington State Housing Finance Commission, Downtowner Apartments Project, Rev., LIQ: FHLMC, 3.70%, 07/01/2030 |
|
|
2,000 |
|
|
|
2,035 |
|
| Washington State Housing Finance Commission, Social Bond, Series 2N, Rev., GNMA/FNMA/FHLMC, 3.00%, 06/01/2051 |
|
|
915 |
|
|
|
901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
357,204 |
|
|
|
|
|
|
|
|
|
|
| West Virginia — 0.3% |
|
|
|
|
|
|
|
|
| Monongalia County Commission Excise Tax District, Series A, Rev., 4.13%, 06/01/2043 (e) |
|
|
465 |
|
|
|
423 |
|
| Monongalia County Commission Special District, Refunding and Improvement, University Town Center, Series A, Rev., 5.50%, 06/01/2037 (e) |
|
|
1,050 |
|
|
|
1,077 |
|
| Monongalia County Commission Special District, University Town Center, Series A, Rev., 5.75%, 06/01/2043 (e) |
|
|
500 |
|
|
|
513 |
|
| West Virginia Economic Development Authority, Appalachian Power Company Amos Project, Rev., AMT, 1.00%, 01/01/2041 (z) |
|
|
2,765 |
|
|
|
2,677 |
|
| West Virginia Economic Development Authority, Provident Group Marshall Properties, |
|
|
|
|
|
|
|
|
| Rev., AGM, 5.00%, 07/01/2035 |
|
|
3,150 |
|
|
|
3,501 |
|
| Rev., AGM, 5.00%, 07/01/2036 |
|
|
3,000 |
|
|
|
3,318 |
|
| Rev., AGM, 5.00%, 07/01/2037 |
|
|
2,250 |
|
|
|
2,481 |
|
| West Virginia Hospital Finance Authority, Rev., 5.75%, 09/01/2043 |
|
|
5,250 |
|
|
|
6,011 |
|
| West Virginia Hospital Finance Authority, Improvement, University Health System Obligation, Rev., 5.00%, 06/01/2052 |
|
|
2,000 |
|
|
|
2,054 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| West Virginia — continued |
|
|
|
|
|
|
|
|
| West Virginia Housing Development Fund, Sustainable Bonds, Series A, Rev., 4.40%, 11/01/2044 |
|
|
4,000 |
|
|
|
4,044 |
|
| West Virginia Parkways Authority, Senior Lien, Rev., 5.00%, 06/01/2038 |
|
|
1,000 |
|
|
|
1,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,206 |
|
|
|
|
|
|
|
|
|
|
| Wisconsin — 2.4% |
|
|
|
|
|
|
|
|
| City of Milwaukee, Promissory Notes, |
|
|
|
|
|
|
|
|
| Series N3, GO, AGM, 5.00%, 04/01/2031 |
|
|
5,500 |
|
|
|
6,171 |
|
| Series N4, GO, 5.00%, 04/01/2030 |
|
|
10,150 |
|
|
|
11,120 |
|
| City of Milwaukee, Sewerage System Revenue, Series S7, Rev., 5.00%, 06/01/2026 |
|
|
2,665 |
|
|
|
2,750 |
|
| Milwaukee Metropolitan Sewerage District, Green Bond, Series A, GO, 3.00%, 10/01/2031 |
|
|
1,700 |
|
|
|
1,685 |
|
| Milwaukee Metropolitan Sewerage District, Green Bond Climate Bond Certificate, GO, 4.00%, 10/01/2043 |
|
|
6,150 |
|
|
|
6,202 |
|
| Public Finance Authority, Rev., 5.20%, 12/01/2037 |
|
|
2,450 |
|
|
|
2,511 |
|
| Public Finance Authority, A Challenge Foundation Academy, |
|
|
|
|
|
|
|
|
| Rev., 6.63%, 07/01/2043 (e) |
|
|
700 |
|
|
|
737 |
|
| Rev., 6.88%, 07/01/2053 (e) |
|
|
1,650 |
|
|
|
1,737 |
|
| Public Finance Authority, Carmelite System, Social Bonds, Rev., 5.00%, 01/01/2045 |
|
|
1,105 |
|
|
|
1,138 |
|
| Public Finance Authority, Celanese Project, Series C, Rev., AMT, 4.30%, 11/01/2030 |
|
|
5,000 |
|
|
|
5,022 |
|
| Public Finance Authority, CFP3 Eastern Michigan University, |
|
|
|
|
|
|
|
|
| Rev., BAM, 5.00%, 07/01/2029 |
|
|
500 |
|
|
|
548 |
|
| Rev., BAM, 5.25%, 07/01/2034 |
|
|
260 |
|
|
|
296 |
|
| Rev., BAM, 5.25%, 07/01/2042 |
|
|
5,625 |
|
|
|
6,168 |
|
| Rev., BAM, 5.38%, 07/01/2047 |
|
|
8,025 |
|
|
|
8,764 |
|
| Rev., BAM, 5.50%, 07/01/2052 |
|
|
6,005 |
|
|
|
6,573 |
|
| Public Finance Authority, CHF Wilmington LLC University, Rev., AGM, 5.00%, 07/01/2053 |
|
|
3,970 |
|
|
|
4,069 |
|
| Public Finance Authority, Duke Energy Progress, Rev., 3.70%, 10/01/2046 (z) |
|
|
1,525 |
|
|
|
1,541 |
|
| Public Finance Authority, Ku Campus Development Corp. Project, Rev., 5.00%, 03/01/2041 |
|
|
3,000 |
|
|
|
3,056 |
|
| Public Finance Authority, KU Campus Development Corp. Project, Rev., 5.00%, 03/01/2046 |
|
|
6,495 |
|
|
|
6,599 |
|
| Public Finance Authority, Lenoir Rhyne University, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 04/01/2036 |
|
|
1,625 |
|
|
|
1,708 |
|
| Rev., 5.00%, 04/01/2037 |
|
|
1,705 |
|
|
|
1,783 |
|
| Public Finance Authority, Miami Waterworld Center Project, Tax Allocation, 5.00%, 06/01/2041 (e) |
|
|
4,570 |
|
|
|
4,691 |
|
| Public Finance Authority, Point College Prep Project, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 06/15/2030 (e) |
|
|
200 |
|
|
|
190 |
|
| Rev., 5.00%, 06/15/2041 (e) |
|
|
250 |
|
|
|
239 |
|
| Public Finance Authority, Renown Regional Medical Center Project, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 06/01/2026 |
|
|
500 |
|
|
|
513 |
|
| Rev., 5.00%, 06/01/2027 |
|
|
425 |
|
|
|
444 |
|
| Rev., 5.00%, 06/01/2028 |
|
|
600 |
|
|
|
637 |
|
| Rev., 5.00%, 06/01/2034 |
|
|
1,000 |
|
|
|
1,085 |
|
| Public Finance Authority, Senior Lien, Grand Hyatt San Antonio Hotel Acquisition Project, Rev., 5.00%, 02/01/2042 |
|
|
4,000 |
|
|
|
4,195 |
|
| Public Finance Authority, Sky Harbour Capital LLC, Rev., AMT, 4.00%, 07/01/2036 |
|
|
815 |
|
|
|
766 |
|
| Public Finance Authority, United Methodist Retirement, Rev., 4.00%, 10/01/2026 |
|
|
60 |
|
|
|
61 |
|
| Public Finance Authority, Waste Management, Inc. Project, |
|
|
|
|
|
|
|
|
| Rev., AMT, 1.10%, 07/01/2029 (z) |
|
|
1,445 |
|
|
|
1,381 |
|
| Rev., AMT, 2.63%, 11/01/2025 |
|
|
5,000 |
|
|
|
4,929 |
|
| State of Wisconsin, |
|
|
|
|
|
|
|
|
| GO, 5.00%, 05/01/2026 |
|
|
7,000 |
|
|
|
7,279 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Wisconsin — continued |
|
|
|
|
|
|
|
|
| Series 1, GO, 5.00%, 05/01/2027 |
|
|
2,400 |
|
|
|
2,559 |
|
| Series 1, GO, 5.00%, 05/01/2033 (w) |
|
|
770 |
|
|
|
893 |
|
| Series 1, GO, 5.00%, 05/01/2035 (w) |
|
|
1,375 |
|
|
|
1,630 |
|
| Series 1, GO, 5.00%, 05/01/2036 (w) |
|
|
1,000 |
|
|
|
1,179 |
|
| Series 2, GO, 5.00%, 05/01/2034 |
|
|
1,000 |
|
|
|
1,179 |
|
| Series 2024-2, GO, 5.00%, 05/01/2027 |
|
|
2,000 |
|
|
|
2,132 |
|
| Series 20212, GO, 5.00%, 05/01/2026 |
|
|
5,850 |
|
|
|
6,084 |
|
| Series B, GO, 4.00%, 05/01/2039 |
|
|
500 |
|
|
|
510 |
|
| Series B, GO, 5.00%, 05/01/2035 |
|
|
10,580 |
|
|
|
11,597 |
|
| University of Wisconsin Hospitals & Clinics, Rev., 5.00%, 04/01/2027 |
|
|
900 |
|
|
|
954 |
|
| University of Wisconsin Hospitals & Clinics, Green Bond University of Wisconsin Hospital, Rev., 4.00%, 04/01/2035 |
|
|
440 |
|
|
|
456 |
|
| University of Wisconsin Hospitals & Clinics, Green Bonds, Rev., 4.00%, 04/01/2046 |
|
|
4,120 |
|
|
|
4,015 |
|
| Wisconsin Center District, Capital Appreciation Senior Dedicated, |
|
|
|
|
|
|
|
|
| Series C, Rev., AGM, Zero Coupon, 12/15/2036 |
|
|
1,550 |
|
|
|
968 |
|
| Series C, Rev., AGM, Zero Coupon, 12/15/2039 |
|
|
1,750 |
|
|
|
948 |
|
| Series C, Rev., AGM, Zero Coupon, 12/15/2040 |
|
|
1,650 |
|
|
|
847 |
|
| Series D, Rev., AGM, Zero Coupon, 12/15/2028 |
|
|
545 |
|
|
|
476 |
|
| Wisconsin Center District, Junior Dedicated, Series D, Rev., AGM, Zero Coupon, 12/15/2045 |
|
|
8,500 |
|
|
|
3,443 |
|
| Wisconsin Department of Transportation, Series A, Rev., 5.00%, 07/01/2027 |
|
|
1,675 |
|
|
|
1,793 |
|
| Wisconsin Health & Educational Facilities Authority, |
|
|
|
|
|
|
|
|
| Rev., 4.50%, 11/15/2039 |
|
|
4,000 |
|
|
|
4,017 |
|
| Rev., 5.00%, 10/01/2029 |
|
|
5,940 |
|
|
|
6,549 |
|
| Rev., 5.00%, 10/01/2030 |
|
|
6,355 |
|
|
|
7,091 |
|
| Wisconsin Health & Educational Facilities Authority Revenue, Ascension Senior Credit Group, Rev., 5.00%, 11/15/2027 |
|
|
500 |
|
|
|
537 |
|
| Wisconsin Health & Educational Facilities Authority, Advocate Aurora Health Care, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 08/15/2035 |
|
|
1,250 |
|
|
|
1,266 |
|
| Rev., 4.00%, 08/15/2037 |
|
|
1,605 |
|
|
|
1,619 |
|
| Rev., 4.00%, 08/15/2038 |
|
|
1,680 |
|
|
|
1,691 |
|
| Wisconsin Health & Educational Facilities Authority, Advocate Aurora Healthcare, Rev., 5.00%, 08/15/2054 (z) |
|
|
2,590 |
|
|
|
2,676 |
|
| Wisconsin Health & Educational Facilities Authority, Ascension Health Alliance Senor, Rev., 4.00%, 11/15/2043 |
|
|
2,045 |
|
|
|
2,033 |
|
| Wisconsin Health & Educational Facilities Authority, Ascension Health Credit Group, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 11/15/2039 |
|
|
10,500 |
|
|
|
10,449 |
|
| Rev., 5.00%, 11/15/2035 |
|
|
4,500 |
|
|
|
4,624 |
|
| Wisconsin Health & Educational Facilities Authority, Ascension Senior Credit Group, Rev., 5.00%, 11/15/2036 |
|
|
1,500 |
|
|
|
1,539 |
|
| Wisconsin Health & Educational Facilities Authority, Aspirus, Inc. Obligated Group, Rev., 5.00%, 08/15/2038 |
|
|
1,000 |
|
|
|
1,068 |
|
| Wisconsin Health & Educational Facilities Authority, Bellin Memorial Hospital, Inc., |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 12/01/2045 |
|
|
2,500 |
|
|
|
2,700 |
|
| Series B, Rev., 5.25%, 12/01/2048 |
|
|
3,000 |
|
|
|
3,296 |
|
| Wisconsin Health & Educational Facilities Authority, Beloit Health System, Inc., Rev., 4.00%, 07/01/2046 |
|
|
1,870 |
|
|
|
1,755 |
|
| Wisconsin Health & Educational Facilities Authority, Forensic Science and Protective Medicine Facility Project, Rev., 5.00%, 08/01/2027 (e) |
|
|
7,000 |
|
|
|
7,197 |
|
| Wisconsin Health & Educational Facilities Authority, Froedtert Health, Series A, Rev., 4.00%, 04/01/2039 |
|
|
2,710 |
|
|
|
2,750 |
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Municipal Bonds — continued |
|
|
|
|
|
|
|
|
| Wisconsin — continued |
|
|
|
|
|
|
|
|
| Wisconsin Health & Educational Facilities Authority, Froedtert Health, Inc., |
|
|
|
|
|
|
|
|
| Series A, Rev., 5.00%, 04/01/2030 |
|
|
1,280 |
|
|
|
1,414 |
|
| Series A, Rev., 5.00%, 04/01/2033 |
|
|
1,010 |
|
|
|
1,138 |
|
| Wisconsin Health & Educational Facilities Authority, Froedtert Health, Inc. Obligated, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 04/01/2039 |
|
|
5,000 |
|
|
|
5,008 |
|
| Rev., 5.00%, 04/01/2035 |
|
|
1,325 |
|
|
|
1,380 |
|
| Wisconsin Health & Educational Facilities Authority, Gundersen Health System, |
|
|
|
|
|
|
|
|
| Rev., 4.00%, 10/15/2035 |
|
|
545 |
|
|
|
562 |
|
| Rev., 4.00%, 10/15/2036 |
|
|
2,100 |
|
|
|
2,151 |
|
| Wisconsin Health & Educational Facilities Authority, Marshfield Clinic Health System, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 02/15/2047 |
|
|
1,955 |
|
|
|
1,963 |
|
| Rev., 5.00%, 02/15/2051 (z) |
|
|
2,600 |
|
|
|
2,673 |
|
| Series B, Rev., 5.00%, 02/15/2042 |
|
|
1,000 |
|
|
|
1,005 |
|
| Series B, Rev., 5.00%, 02/15/2046 |
|
|
8,935 |
|
|
|
8,958 |
|
| Wisconsin Health & Educational Facilities Authority, ProHealth Care Obligation Group, Rev., 5.00%, 08/15/2039 |
|
|
2,000 |
|
|
|
2,003 |
|
| Wisconsin Health & Educational Facilities Authority, The Medical College of Wisconsin, Rev., 4.00%, 12/01/2046 |
|
|
3,000 |
|
|
|
2,951 |
|
| Wisconsin Health & Educational Facilities Authority, The Milwaukee Regional Medical Center, Rev., 5.00%, 04/01/2044 |
|
|
2,500 |
|
|
|
2,580 |
|
| Wisconsin Health & Educational Facilities Authority, Three Pillars Senior Living Communities, Rev., 4.19%, 08/15/2055 |
|
|
1,000 |
|
|
|
595 |
|
| Wisconsin Housing & Economic Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 5.00%, 08/01/2058 (z) |
|
|
245 |
|
|
|
254 |
|
| Series B, Rev., HUD, 0.50%, 11/01/2050 (z) |
|
|
160 |
|
|
|
159 |
|
| Series D, Rev., 4.00%, 03/01/2047 |
|
|
60 |
|
|
|
61 |
|
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Rev., GNMA/FNMA/FHLMC, 6.00%, 03/01/2055 |
|
|
1,990 |
|
|
|
2,210 |
|
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue, Sustainable Bond, Series A, Rev., GNMA/FNMA/FHLMC, 4.38%, 09/01/2044 |
|
|
7,000 |
|
|
|
7,075 |
|
| Wisconsin Housing & Economic Development Authority Housing Revenue, Series E, Rev., HUD, 3.88%, 11/01/2054 (z) |
|
|
830 |
|
|
|
838 |
|
| Wisconsin Housing & Economic Development Authority, Social Bond, Series A, Rev., 3.00%, 03/01/2052 |
|
|
695 |
|
|
|
685 |
|
| Wisconsin Housing & Economic Development Authority, Social Bonds, Series C, Rev., GNMA/FHLMC/FNMA COLL, 3.00%, 09/01/2052 |
|
|
1,085 |
|
|
|
1,066 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
257,837 |
|
|
|
|
|
|
|
|
|
|
| Wyoming — 0.3% |
|
|
|
|
|
|
|
|
| Consolidated Municipalities Electric Power Systems Joint Powers Board, Rev., 5.25%, 06/01/2039 |
|
|
1,000 |
|
|
|
1,134 |
|
| County of Converse, PacifiCorp., Rev., VRDO, 3.60%, 10/07/2024 (z) |
|
|
8,000 |
|
|
|
8,000 |
|
| County of Laramie, Cheyenne Regional Medical Center, Rev., 4.00%, 05/01/2026 |
|
|
615 |
|
|
|
625 |
|
| County of Sweetwater WY, Rev., VRDO, 3.60%, 10/07/2024 (z) |
|
|
11,060 |
|
|
|
11,060 |
|
| County of Sweetwater, Idaho Power Company Project, Rev., 1.70%, 07/15/2026 |
|
|
1,045 |
|
|
|
1,011 |
|
| Wyoming Community Development Authority, |
|
|
|
|
|
|
|
|
| Rev., 6.00%, 12/01/2054 |
|
|
480 |
|
|
|
534 |
|
| Series 2, Rev., 3.00%, 06/01/2049 |
|
|
925 |
|
|
|
914 |
|
| Series 2, Rev., VRDO, LIQ: Royal Bank of Canada, 3.15%, 10/07/2024 (z) |
|
|
3,000 |
|
|
|
3,000 |
|
| Series 3, Rev., GNMA/FHLMC/FNMA COLL, 3.00%, 06/01/2050 |
|
|
1,190 |
|
|
|
1,175 |
|
| Series 3, Rev., GNMA/FNMA/FHLMC, 4.70%, 12/01/2043 |
|
|
5,000 |
|
|
|
5,170 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32,623 |
|
|
|
|
|
|
|
|
|
|
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
Total Municipal Bonds
(Cost $10,790,540) |
|
|
|
|
|
|
10,800,342 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments — 1.4% |
|
|
|
|
|
|
|
|
| Municipal Bonds — 0.1% (t) |
|
|
|
|
|
|
|
|
| Bergen County Improvement Authority (The), Rev., CNTY GTD, 4.50%, 05/28/2025 |
|
|
4,025 |
|
|
|
4,056 |
|
| Chicago Midway International Airport, Senior, Series C, Rev., AMT, 5.00%, 01/01/2025 |
|
|
3,000 |
|
|
|
3,008 |
|
| County of Lorain, GO, BAN, 4.38%, 05/01/2025 |
|
|
1,280 |
|
|
|
1,286 |
|
| State of California, GO, 4.00%, 08/01/2025 |
|
|
1,000 |
|
|
|
1,011 |
|
| State of Illinois, GO, 5.00%, 02/01/2025 (w) |
|
|
5,000 |
|
|
|
5,025 |
|
|
|
|
|
|
|
|
|
|
| Total Municipal Bonds |
|
|
|
|
|
|
14,386 |
|
|
|
|
|
|
|
|
|
|
| Time Deposits — 1.3% |
|
|
|
|
|
|
|
|
| Royal Bank of Canada, 4.18%, 10/01/2024 |
|
|
4,036 |
|
|
|
4,036 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
131,223 |
|
|
|
131,223 |
|
|
|
|
|
|
|
|
|
|
| Total Time Deposits |
|
|
|
|
|
|
135,259 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $149,638) |
|
|
|
|
|
|
149,645 |
|
|
|
|
|
|
|
|
|
|
Total Investments — 100.1%
(Cost - $10,940,178)* |
|
|
|
|
|
|
10,949,987 |
|
| Liabilities in Excess of Other Assets — (0.1)% |
|
|
|
|
|
|
(6,022 |
) |
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
10,943,965 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles Tax Aware Bond Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
|
|
|
|
|
| AS OF SEPTEMBER 30, 2024 |
|
|
|
| AGC |
|
— |
|
Insured by Assured Guaranty Corp. |
| AGM |
|
— |
|
Insured by Assured Guaranty Municipal Corp. |
| AMBAC |
|
— |
|
Insured by American Municipal Bond Assurance Corp. |
| AMT |
|
— |
|
Alternative Minimum Tax |
| BAM |
|
— |
|
Insured by Build America Mutual |
| BAN |
|
— |
|
Bond Anticipation Note |
| CNTY |
|
— |
|
County |
| COLL |
|
— |
|
Collateral |
| COP |
|
— |
|
Certificate of Participation |
| CR |
|
— |
|
Custodial Receipts |
| FHA |
|
— |
|
Federal Housing Administration |
| FHLMC |
|
— |
|
Federal Home Loan Mortgage Corp. |
| FNMA |
|
— |
|
Federal National Mortgage Association |
| GAN |
|
— |
|
Grant Anticipation Note |
| GNMA |
|
— |
|
Government National Mortgage Association |
| GO |
|
— |
|
General Obligation |
| GTD |
|
— |
|
Guaranteed |
| HUD |
|
— |
|
U.S. Department of Housing and Urban Development |
| LIQ |
|
— |
|
Liquidity Agreement |
| LOC |
|
— |
|
Letter of Credit |
| NATL |
|
— |
|
Insured by National Public Finance Guarantee Corp. |
| PSF |
|
— |
|
Permanent School Fund |
| Q-SBLF |
|
— |
|
Qualified School Bond Loan Fund |
| Rev. |
|
— |
|
Revenue |
| SCH BD GTY |
|
— |
|
School Bond Guaranty |
| SIFMA |
|
— |
|
Securities Industry and Financial Markets Association |
| SOFR |
|
— |
|
Secured Overnight Financing Rate |
| SONYMA |
|
— |
|
State of New York Mortgage Agency |
| TRAN |
|
— |
|
Tax & Revenue Anticipation Note |
| VRDO |
|
— |
|
Variable Rate Demand Obligation. The interest rate shown is the rate in effect as of September 30, 2024. |
| (d) |
|
— |
|
Defaulted Security. Security has not paid its last interest payment and/or interest is not being accrued. |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may
be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (g) |
|
— |
|
Amount rounds to less than 0.05%. |
| (p) |
|
— |
|
Security is prerefunded or escrowed to maturity. |
| (t) |
|
— |
|
The date shown represents the earliest of the next put date or final maturity date. |
| (w) |
|
— |
|
All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment. |
| (z) |
|
— |
|
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
September 30, 2024. |
| (aa) |
|
— |
|
Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of September 30, 2024. |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| USD |
|
— |
|
United States Dollar |
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — 1.8% |
|
|
|
|
|
|
|
|
| Affirm Asset Securitization Trust, |
|
|
|
|
|
|
|
|
| Series 2023-B, Class A, 6.82%, 09/15/2028 (e) |
|
|
1,415 |
|
|
|
1,444 |
|
| Series 2024-A, Class 1A, 5.61%, 02/15/2029 (e) |
|
|
920 |
|
|
|
932 |
|
| AIMCO CLO 17 Ltd., (Jersey), Series 2022-17A, Class D1R, (CME Term SOFR 3 Month + 2.90%), 8.18%, 07/20/2037 (e) (aa) |
|
|
1,000 |
|
|
|
1,000 |
|
| American Express Credit Account Master Trust, |
|
|
|
|
|
|
|
|
| Series 2024-1, Class A, 5.23%, 04/15/2029 |
|
|
980 |
|
|
|
1,009 |
|
| Series 2024-2, Class A, 5.24%, 04/15/2031 |
|
|
350 |
|
|
|
367 |
|
| Americredit Automobile Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A2A, 5.84%, 10/19/2026 |
|
|
96 |
|
|
|
96 |
|
| Series 2023-1, Class A3, 5.62%, 11/18/2027 |
|
|
2,966 |
|
|
|
2,999 |
|
| Series 2023-1, Class C, 5.80%, 12/18/2028 |
|
|
240 |
|
|
|
247 |
|
| AmeriCredit Automobile Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-2, Class A3, 5.81%, 05/18/2028 |
|
|
1,102 |
|
|
|
1,123 |
|
| Series 2024-1, Class A2A, 5.75%, 02/18/2028 |
|
|
900 |
|
|
|
904 |
|
| Series 2024-1, Class A3, 5.43%, 01/18/2029 |
|
|
675 |
|
|
|
687 |
|
| AMMC CLO 23 Ltd., (Cayman Islands), Series 2020-23A, Class A1R2, (CME Term SOFR 3 Month + 1.42%), 6.71%, 04/17/2035 (e) (aa) |
|
|
1,500 |
|
|
|
1,503 |
|
| AMMC CLO 25 Ltd., (Cayman Islands), Series 2022-25A, Class A1R, (CME Term SOFR 3 Month + 1.35%), 6.65%, 04/15/2035 (e) (aa) |
|
|
1,360 |
|
|
|
1,361 |
|
| Apidos CLO XL Ltd., (Jersey), Series 2022-40A, Class D1R, (CME Term SOFR 3 Month + 2.90%), 8.10%, 07/15/2037 (e) (aa) |
|
|
2,000 |
|
|
|
1,992 |
|
| ARES L CLO Ltd., (Cayman Islands), Series 2018-50A, Class AR, (CME Term SOFR 3 Month + 1.31%), 6.61%, 01/15/2032 (e) (aa) |
|
|
228 |
|
|
|
228 |
|
| Ares XXVIIIR CLO Ltd., (Cayman Islands), Series 2018-28RA, Class A1R, (CME Term SOFR 3 Month + 1.15%), 6.44%, 10/17/2030 (e) (aa) |
|
|
8,863 |
|
|
|
8,868 |
|
| Avis Budget Rental Car Funding AESOP LLC, Series 2020-2A, Class A, 2.02%, 02/20/2027 (e) |
|
|
1,150 |
|
|
|
1,114 |
|
| BA Credit Card Trust, Series 2024-A1, Class A, 4.93%, 05/15/2029 |
|
|
985 |
|
|
|
1,008 |
|
| Bain Capital Credit CLO 2019-1, (Cayman Islands), Series 2019-1A, Class AR2, (CME Term SOFR 3 Month + 1.23%), 6.35%, 04/19/2034 (e) (aa) |
|
|
1,500 |
|
|
|
1,500 |
|
| Ballyrock CLO 2019-2 Ltd., (Cayman Islands), Series 2019-2A, Class A1RR, (CME Term SOFR 3 Month + 1.40%), 6.53%, 02/20/2036 (e) (aa) |
|
|
1,000 |
|
|
|
1,001 |
|
| Bayview Opportunity Master Fund VII LLC, Series 2024-CAR1, Class A, (United States 30 Day Average SOFR + 1.10%), 6.38%, 12/26/2031 (e) (aa) |
|
|
449 |
|
|
|
450 |
|
| Benefit Street Partners CLO IV Ltd., (Cayman Islands), Series 2014-IVA, Class AR4, (CME Term SOFR 3 Month + 1.35%), 6.63%, 04/20/2034 (e) (aa) |
|
|
610 |
|
|
|
611 |
|
| BlueMountain CLO 2016-2 Ltd., (Cayman Islands), Series 2016-2A, Class A1R2, (CME Term SOFR 3 Month + 1.38%), 6.51%, 08/20/2032 (e) (aa) |
|
|
14,500 |
|
|
|
14,514 |
|
| BMW Vehicle Lease Trust, Series 2023-1, Class A3, 5.16%, 11/25/2025 |
|
|
2,153 |
|
|
|
2,155 |
|
| Capital One Multi-Asset Execution Trust, |
|
|
|
|
|
|
|
|
| Series 2005-B3, Class B3, (CME Term SOFR 3 Month + 0.81%), 6.11%, 05/15/2028 (aa) |
|
|
1,310 |
|
|
|
1,309 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Series 2022-A1, Class A1, 2.80%, 03/15/2027 |
|
|
1,110 |
|
|
|
1,100 |
|
| Series 2022-A2, Class A, 3.49%, 05/15/2027 |
|
|
885 |
|
|
|
879 |
|
| Carlyle Global Market Strategies CLO 2015-4 Ltd., (Cayman Islands), Series 2015-4A, Class A1JR, (CME Term SOFR 3 Month + 1.55%), 6.83%, 07/20/2032 (e) (aa) |
|
|
1,500 |
|
|
|
1,501 |
|
| CARLYLE US CLO 2018-2 Ltd., (Cayman Islands), Series 2018-2A, Class A2R, (CME Term SOFR 3 Month + 1.80%), 7.10%, 10/15/2031 (e) (aa) |
|
|
1,210 |
|
|
|
1,212 |
|
| CarMax Auto Owner Trust, Series 2024-2, Class A3, 5.50%, 01/16/2029 |
|
|
624 |
|
|
|
641 |
|
| Carmax Select Receivables Trust, Series 2024-A, Class A2A, 5.78%, 09/15/2027 (e) |
|
|
500 |
|
|
|
504 |
|
| CarVal CLO VII-C Ltd., (Jersey), Series 2023-1A, Class D1R, (CME Term SOFR 3 Month + 3.15%), 8.43%, 07/20/2037 (e) (aa) |
|
|
2,000 |
|
|
|
2,006 |
|
| Carvana Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2021-N1, Class A, 0.70%, 01/10/2028 |
|
|
78 |
|
|
|
75 |
|
| Series 2022-P1, Class A3, 3.35%, 02/10/2027 |
|
|
1,134 |
|
|
|
1,125 |
|
| Cedar Funding VII CLO Ltd., (Cayman Islands), Series 2018-7A, Class AR, (CME Term SOFR 3 Month + 1.08%), 6.18%, 01/20/2031 (e) (aa) |
|
|
1,180 |
|
|
|
1,181 |
|
| CIFC Funding 2021-IV Ltd., (Cayman Islands), Series 2021-4A, Class DR, (CME Term SOFR 3 Month + 2.95%), 8.12%, 07/23/2037 (e) (aa) |
|
|
1,000 |
|
|
|
995 |
|
| CIFC Funding Ltd., (Cayman Islands), Series 2013-2A, Class A1L2, (CME Term SOFR 3 Month + 1.26%), 6.54%, 10/18/2030 (e) (aa) |
|
|
286 |
|
|
|
287 |
|
| Citizens Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A3, 5.84%, 01/18/2028 (e) |
|
|
2,160 |
|
|
|
2,191 |
|
| Series 2023-2, Class A2A, 6.09%, 10/15/2026 (e) |
|
|
532 |
|
|
|
534 |
|
| Credit Acceptance Auto Loan Trust, Series 2023-1A, Class A, 6.48%, 03/15/2033 (e) |
|
|
1,630 |
|
|
|
1,658 |
|
| Dell Equipment Finance Trust, Series 2023-1, Class A3, 5.65%, 09/22/2028 (e) |
|
|
1,195 |
|
|
|
1,202 |
|
| Discover Card Execution Note Trust, |
|
|
|
|
|
|
|
|
| Series 2022-A3, Class A3, 3.56%, 07/15/2027 |
|
|
1,835 |
|
|
|
1,822 |
|
| Series 2022-A4, Class A, 5.03%, 10/15/2027 |
|
|
2,205 |
|
|
|
2,220 |
|
| Series 2023-A2, Class A, 4.93%, 06/15/2028 |
|
|
205 |
|
|
|
208 |
|
| DLLAA LLC, Series 2023-1A, Class A2, 5.93%, 07/20/2026 (e) |
|
|
388 |
|
|
|
390 |
|
| Dryden 104 CLO Ltd., (Cayman Islands), Series 2022-104A, Class A1R, (CME Term SOFR 3 Month + 1.29%), 6.29%, 08/20/2034 (e) (aa) |
|
|
980 |
|
|
|
979 |
|
| Dryden 113 CLO Ltd., (Jersey), Series 2022-113A, Class A1R, (CME Term SOFR 3 Month + 1.63%), 6.91%, 10/20/2035 (e) (aa) |
|
|
500 |
|
|
|
501 |
|
| Elmwood CLO VII Ltd., (Cayman Islands), Series 2020-4A, Class AR, (CME Term SOFR 3 Month + 1.63%), 6.92%, 01/17/2034 (e) (aa) |
|
|
250 |
|
|
|
250 |
|
| Elmwood CLO X Ltd., (Cayman Islands), Series 2021-3A, Class A1R, (CME Term SOFR 3 Month + 1.27%), 6.55%, 04/20/2034 (e) (aa) |
|
|
1,500 |
|
|
|
1,501 |
|
| First Investors Auto Owner Trust, Series 2022-2A, Class A, 6.26%, 07/15/2027 (e) |
|
|
178 |
|
|
|
179 |
|
| Flagship Credit Auto Trust, |
|
|
|
|
|
|
|
|
| Series 2022-3, Class A3, 4.55%, 04/15/2027 (e) |
|
|
999 |
|
|
|
997 |
|
| Series 2023-1, Class A3, 5.01%, 08/16/2027 (e) |
|
|
470 |
|
|
|
470 |
|
| Series 2023-3, Class A3, 5.44%, 04/17/2028 (e) |
|
|
1,551 |
|
|
|
1,566 |
|
| Ford Credit Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2024-A, Class A3, 5.06%, 05/15/2027 |
|
|
315 |
|
|
|
318 |
|
| Series 2024-A, Class B, 5.29%, 06/15/2027 |
|
|
1,230 |
|
|
|
1,248 |
|
| Series 2024-B, Class A3, 4.99%, 12/15/2027 |
|
|
905 |
|
|
|
917 |
|
| Ford Credit Auto Owner Trust, Series 2018-1, Class A, 3.19%, 07/15/2031 (e) |
|
|
491 |
|
|
|
488 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Galaxy XXVI CLO Ltd., (Cayman Islands), Series 2018-26A, Class AR, (CME Term SOFR 3 Month + 1.17%), 6.29%, 11/22/2031 (e) (aa) |
|
|
1,761 |
|
|
|
1,762 |
|
| Generate CLO Ltd., (Cayman Islands), Series 2024-17A, Class D1, (CME Term SOFR 3 Month + 3.00%), 8.13%, 10/22/2037 (e) (aa) |
|
|
2,000 |
|
|
|
1,982 |
|
| GM Financial Consumer Automobile Receivables Trust, Series 2024-1, Class A3, 4.85%, 12/18/2028 |
|
|
1,135 |
|
|
|
1,149 |
|
| GREYWOLF CLO VI Ltd., (Cayman Islands), Series 2018-1A, Class A1, (CME Term SOFR 3 Month + 1.29%), 6.57%, 04/26/2031 (e) (aa) |
|
|
1,438 |
|
|
|
1,439 |
|
| Honda Auto Receivables Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1, Class A2, 5.22%, 10/21/2025 |
|
|
113 |
|
|
|
113 |
|
| Series 2023-4, Class A3, 5.67%, 06/21/2028 |
|
|
1,405 |
|
|
|
1,437 |
|
| Huntington Bank Auto Credit-Linked Notes Series, Series 2024-1, Class B1, 6.15%, 05/20/2032 (e) |
|
|
662 |
|
|
|
673 |
|
| Hyundai Auto Lease Securitization Trust, Series 2024-A, Class A3, 5.02%, 03/15/2027 (e) |
|
|
285 |
|
|
|
287 |
|
| KKR CLO 15 Ltd., (Cayman Islands), Series 15, Class A1R2, (CME Term SOFR 3 Month + 1.10%), 6.32%, 01/18/2032 (e) (aa) |
|
|
860 |
|
|
|
860 |
|
| KKR CLO 23 Ltd., (Cayman Islands), Series 23, Class BR, (CME Term SOFR 3 Month + 1.55%), 6.70%, 10/20/2031 (e) (aa) |
|
|
1,190 |
|
|
|
1,188 |
|
| KKR CLO 40 Ltd., (Jersey), Series 40A, Class AR, (CME Term SOFR 3 Month + 1.30%), 6.58%, 10/20/2034 (e) (aa) |
|
|
1,030 |
|
|
|
1,031 |
|
| KKR Financial CLO 2013-1 Ltd., (Cayman Islands), Series 2013-1A, Class A2R2, (CME Term SOFR 3 Month + 1.45%), 6.75%, 04/15/2029 (e) (aa) |
|
|
1,080 |
|
|
|
1,082 |
|
| Lendmark Funding Trust, |
|
|
|
|
|
|
|
|
| Series 2021-2A, Class A, 2.00%, 04/20/2032 (e) |
|
|
915 |
|
|
|
854 |
|
| Series 2023-1A, Class A, 5.59%, 05/20/2033 (e) |
|
|
756 |
|
|
|
761 |
|
| LHMC Finco 2 Sarl, (Luxembourg), Reg. S, 7.25% (cash), 10/02/2025 (v) |
|
EUR |
4,234 |
|
|
|
4,715 |
|
| Madison Park Funding LVII Ltd., (Cayman Islands), Series 2022-57A, Class A1R, (CME Term SOFR 3 Month + 1.28%), 6.38%, 07/27/2034 (e) (aa) |
|
|
1,170 |
|
|
|
1,170 |
|
| Madison Park Funding XIV Ltd., (Cayman Islands), Series 2014-14A, Class BR3, (CME Term SOFR 3 Month + 1.80%), 7.08%, 10/22/2030 (e) (aa) |
|
|
360 |
|
|
|
361 |
|
| Madison Park Funding XVII Ltd., (Cayman Islands), Series 2015-17A, Class AR2, (CME Term SOFR 3 Month + 1.26%), 6.54%, 07/21/2030 (e) (aa) |
|
|
175 |
|
|
|
175 |
|
| Madison Park Funding XVIII Ltd., (Cayman Islands), Series 2015-18A, Class ARR, (CME Term SOFR 3 Month + 1.20%), 6.48%, 10/21/2030 (e) (aa) |
|
|
7,707 |
|
|
|
7,723 |
|
| Madison Park Funding XXIX Ltd., (Cayman Islands), Series 2018-29A, Class BR, (CME Term SOFR 3 Month + 1.80%), 7.08%, 10/18/2030 (e) (aa) |
|
|
540 |
|
|
|
541 |
|
| Mariner Finance Issuance Trust, |
|
|
|
|
|
|
|
|
| Series 2021-AA, Class A, 1.86%, 03/20/2036 (e) |
|
|
910 |
|
|
|
866 |
|
| Series 2021-BA, Class A, 2.10%, 11/20/2036 (e) |
|
|
1,395 |
|
|
|
1,317 |
|
| Series 2022-AA, Class A, 6.45%, 10/20/2037 (e) |
|
|
440 |
|
|
|
440 |
|
| Mercedes-Benz Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2024-A, Class A4, 5.32%, 02/15/2030 |
|
|
983 |
|
|
|
1,009 |
|
| Series 2024-B, Class A3, 4.23%, 02/15/2028 |
|
|
405 |
|
|
|
405 |
|
| Merchants Fleet Funding LLC, Series 2024-1A, Class A, 5.82%, 04/20/2037 (e) |
|
|
1,352 |
|
|
|
1,374 |
|
| MidOcean Credit CLO VI, (Cayman Islands), Series 2016-6A, Class ARRR, (CME Term SOFR 3 Month + 1.23%), 6.51%, 04/20/2033 (e) (aa) |
|
|
950 |
|
|
|
950 |
|
| Navistar Financial Dealer Note Master Owner Trust, Series 2024-1, Class A, 5.59%, 04/25/2029 (e) |
|
|
1,100 |
|
|
|
1,118 |
|
| Nelnet Student Loan Trust, Series 2021-A, Class APT1, 1.36%, 04/20/2062 (e) |
|
|
402 |
|
|
|
372 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Neuberger Berman Loan Advisers CLO 35 Ltd., (Cayman Islands), Series 2019-35A, Class ANR, (CME Term SOFR 3 Month + 1.30%), 6.58%, 01/19/2033 (e) (aa) |
|
|
1,700 |
|
|
|
1,702 |
|
| Newark BSL CLO 1 Ltd., (Cayman Islands), Series 2016-1A, Class A1R, (CME Term SOFR 3 Month + 1.36%), 6.63%, 12/21/2029 (e) (aa) |
|
|
390 |
|
|
|
391 |
|
| NextGear Floorplan Master Owner Trust, |
|
|
|
|
|
|
|
|
| Series 2022-1A, Class A2, 2.80%, 03/15/2027 (e) |
|
|
2,034 |
|
|
|
2,014 |
|
| Series 2023-1A, Class A2, 5.74%, 03/15/2028 (e) |
|
|
1,185 |
|
|
|
1,204 |
|
| Nissan Auto Receivables Owner Trust, Series 2023-B, Class A3, 5.93%, 03/15/2028 |
|
|
2,050 |
|
|
|
2,093 |
|
| OCP CLO 2016-11 Ltd., (Cayman Islands), Series 2016-11A, Class A1R2, (CME Term SOFR 3 Month + 1.42%), 6.70%, 04/26/2036 (e) (aa) |
|
|
750 |
|
|
|
751 |
|
| OCP CLO 2024-34 Ltd., (Jersey), Series 2024-34A, Class D1, (CME Term SOFR 3 Month + 2.90%), 7.85%, 10/15/2037 (e) (aa) |
|
|
1,000 |
|
|
|
1,000 |
|
| Octagon Investment Partners XVII Ltd., (Cayman Islands), Series 2013-1A, Class A1R2, (CME Term SOFR 3 Month + 1.26%), 6.55%, 01/25/2031 (e) (aa) |
|
|
120 |
|
|
|
120 |
|
| Octane Receivables Trust, Series 2024-2A, Class A2, 5.80%, 07/20/2032 (e) |
|
|
560 |
|
|
|
568 |
|
| OFSI BSL IX Ltd., (Cayman Islands), Series 2018-1A, Class AR, (CME Term SOFR 3 Month + 1.19%), 6.49%, 07/15/2031 (e) (aa) |
|
|
5,516 |
|
|
|
5,518 |
|
| OHA Credit Funding 13 Ltd., (Bermuda), Series 2022-13A, Class D2R, (CME Term SOFR 3 Month + 4.10%), 9.38%, 07/20/2037 (e) (aa) |
|
|
1,000 |
|
|
|
996 |
|
| OneMain Financial Issuance Trust, |
|
|
|
|
|
|
|
|
| Series 2019-2A, Class A, 3.14%, 10/14/2036 (e) |
|
|
535 |
|
|
|
518 |
|
| Series 2021-1A, Class A1, 1.55%, 06/16/2036 (e) |
|
|
290 |
|
|
|
272 |
|
| Series 2022-3A, Class A, 5.94%, 05/15/2034 (e) |
|
|
650 |
|
|
|
657 |
|
| OZLM Funding II Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| Series 2012-2A, Class A1A2, (CME Term SOFR 3 Month + 1.20%), 6.46%, 07/30/2031 (e) (aa) |
|
|
940 |
|
|
|
940 |
|
| Series 2012-2A, Class A2RA, (CME Term SOFR 3 Month + 1.80%), 7.06%, 07/30/2031 (e) (aa) |
|
|
720 |
|
|
|
721 |
|
| PenFed Auto Receivables Owner Trust, Series 2022-A, Class A3, 3.96%, 04/15/2026 (e) |
|
|
224 |
|
|
|
224 |
|
| PFS Financing Corp., Series 2024-D, Class A, 5.34%, 04/15/2029 (e) |
|
|
1,085 |
|
|
|
1,113 |
|
| Rad CLO 6 Ltd., (Cayman Islands), Series 2019-6A, Class A1, (CME Term SOFR 3 Month + 1.64%), 6.92%, 01/20/2033 (e) (aa) |
|
|
440 |
|
|
|
441 |
|
| Rad CLO 7 Ltd., (Cayman Islands), Series 2020-7A, Class A1R, (CME Term SOFR 3 Month + 1.35%), 6.64%, 04/17/2036 (e) (aa) |
|
|
1,000 |
|
|
|
1,000 |
|
| RR 24 Ltd., (Bermuda), Series 2022-24A, Class A1AR, (CME Term SOFR 3 Month + 1.73%), 7.03%, 01/15/2036 (e) (aa) |
|
|
450 |
|
|
|
451 |
|
| RR 8 Ltd., (Cayman Islands), Series 2020-8A, Class A1R, (CME Term SOFR 3 Month + 1.35%), 6.67%, 07/15/2037 (e) (aa) |
|
|
1,500 |
|
|
|
1,500 |
|
| Santander Drive Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2022-4, Class C, 5.00%, 11/15/2029 |
|
|
1,315 |
|
|
|
1,323 |
|
| Series 2022-7, Class C, 6.69%, 03/17/2031 |
|
|
930 |
|
|
|
960 |
|
| Series 2023-2, Class A3, 5.21%, 07/15/2027 |
|
|
489 |
|
|
|
489 |
|
| Series 2023-3, Class A3, 5.61%, 10/15/2027 |
|
|
700 |
|
|
|
703 |
|
| Series 2023-3, Class C, 5.77%, 11/15/2030 |
|
|
380 |
|
|
|
391 |
|
| Series 2024-1, Class A2, 5.71%, 02/16/2027 |
|
|
215 |
|
|
|
215 |
|
| Series 2024-1, Class A3, 5.25%, 04/17/2028 |
|
|
2,655 |
|
|
|
2,676 |
|
| Series 2024-2, Class A3, 5.63%, 11/15/2028 |
|
|
660 |
|
|
|
671 |
|
| Series 2024-2, Class B, 5.78%, 07/16/2029 |
|
|
1,295 |
|
|
|
1,331 |
|
| Series 2024-3, Class B, 5.55%, 09/17/2029 |
|
|
325 |
|
|
|
333 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Asset-Backed Securities — continued |
|
|
|
|
|
|
|
|
| SBNA Auto Lease Trust, |
|
|
|
|
|
|
|
|
| Series 2024-A, Class A3, 5.39%, 11/20/2026 (e) |
|
|
415 |
|
|
|
419 |
|
| Series 2024-B, Class A2, 5.67%, 11/20/2026 (e) |
|
|
450 |
|
|
|
452 |
|
| Series 2024-B, Class A3, 5.56%, 11/22/2027 (e) |
|
|
570 |
|
|
|
580 |
|
| SCF Equipment Leasing LLC, |
|
|
|
|
|
|
|
|
| Series 2021-1A, Class B, 1.37%, 08/20/2029 (e) |
|
|
662 |
|
|
|
654 |
|
| Series 2024-1A, Class A3, 5.52%, 01/20/2032 (e) |
|
|
145 |
|
|
|
150 |
|
| SFS Auto Receivables Securitization Trust, |
|
|
|
|
|
|
|
|
| Series 2023-1A, Class A3, 5.47%, 10/20/2028 (e) |
|
|
715 |
|
|
|
725 |
|
| Series 2024-1A, Class A3, 4.95%, 05/21/2029 (e) |
|
|
240 |
|
|
|
242 |
|
| Silver Point CLO 5 Ltd., (Cayman Islands), Series 2024-5A, Class D1, (CME Term SOFR 3 Month + 3.25%), 7.98%, 10/20/2037 (e) (aa) |
|
|
1,500 |
|
|
|
1,494 |
|
| Sycamore Tree CLO 2024-5 Ltd., (Cayman Islands), Series 2024-5A, Class A1, (CME Term SOFR 3 Month + 1.42%), 6.74%, 04/20/2036 (e) (aa) |
|
|
600 |
|
|
|
600 |
|
| TCW CLO 2022-1 Ltd., (Cayman Islands), Series 2022-1A, Class A1, (CME Term SOFR 3 Month + 1.34%), 6.62%, 04/22/2033 (e) (aa) |
|
|
500 |
|
|
|
500 |
|
| Tesla Auto Lease Trust, Series 2023-A, Class A3, 5.89%, 06/22/2026 (e) |
|
|
190 |
|
|
|
191 |
|
| Toyota Auto Receivables Owner Trust, Series 2023-D, Class A3, 5.54%, 08/15/2028 |
|
|
2,593 |
|
|
|
2,653 |
|
| Trimaran Cavu Ltd., (Cayman Islands), Series 2021-1A, Class D1R, (CME Term SOFR 3 Month + 3.40%), 8.68%, 07/23/2037 (e) (aa) |
|
|
1,500 |
|
|
|
1,493 |
|
| TUI Cruises GmbH, (Germany), Reg. S, 6.50%, 05/15/2026 |
|
EUR |
4,087 |
|
|
|
4,615 |
|
| Voya CLO 2014-2 Ltd., (Cayman Islands), Series 2014-2A, Class A1RR, (CME Term SOFR 3 Month + 1.28%), 6.57%, 04/17/2030 (e) (aa) |
|
|
1,447 |
|
|
|
1,447 |
|
| Voya CLO 2015-3 Ltd., (Cayman Islands), Series 2015-3A, Class A1R3, (CME Term SOFR 3 Month + 1.15%), 6.43%, 10/20/2031 (e) (aa) |
|
|
4,311 |
|
|
|
4,313 |
|
| Voya CLO 2016-1 Ltd., (Cayman Islands), Series 2016-1A, Class A1R, (CME Term SOFR 3 Month + 1.33%), 6.61%, 01/20/2031 (e) (aa) |
|
|
4,262 |
|
|
|
4,264 |
|
| Wellfleet CLO 2018-3 Ltd., (Cayman Islands), Series 2018-3A, Class A1A, (CME Term SOFR 3 Month + 1.51%), 6.79%, 01/20/2032 (e) (aa) |
|
|
5,298 |
|
|
|
5,303 |
|
| Westlake Automobile Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2022-2A, Class C, 4.85%, 09/15/2027 (e) |
|
|
1,749 |
|
|
|
1,747 |
|
| Series 2024-2A, Class D, 5.91%, 04/15/2030 (e) |
|
|
540 |
|
|
|
551 |
|
| Westlake Flooring Master Trust, Series 2024-1A, Class A, 5.43%, 02/15/2028 (e) |
|
|
740 |
|
|
|
749 |
|
| World Financial Network Credit Card Master Trust, |
|
|
|
|
|
|
|
|
| Series 2023-A, Class A, 5.02%, 03/15/2030 |
|
|
1,225 |
|
|
|
1,238 |
|
| Series 2024-A, Class A, 5.47%, 02/15/2031 |
|
|
925 |
|
|
|
951 |
|
|
|
|
|
|
|
|
|
|
| Total Asset-Backed Securities (Cost
$183,893) |
|
|
|
|
|
|
185,338 |
|
|
|
|
|
|
|
|
|
|
| Collateralized Mortgage Obligations — 0.1% |
|
|
|
|
|
|
|
|
| Connecticut Avenue Securities Trust, |
|
|
|
|
|
|
|
|
| Series 2022-R08, Class 1M1, (United States 30 Day Average SOFR + 2.55%), 7.83%, 07/25/2042 (e) (aa) |
|
|
212 |
|
|
|
218 |
|
| Series 2023-R01, Class 1M1, (United States 30 Day Average SOFR + 2.40%), 7.66%, 12/25/2042 (e) (aa) |
|
|
287 |
|
|
|
295 |
|
| Series 2023-R03, Class 2M1, (United States 30 Day Average SOFR + 2.50%), 7.78%, 04/25/2043 (e) (aa) |
|
|
104 |
|
|
|
106 |
|
| Series 2024-R03, Class 2M1, (United States 30 Day Average SOFR + 1.15%), 6.41%, 03/25/2044 (e) (aa) |
|
|
659 |
|
|
|
659 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Collateralized Mortgage Obligations — continued |
|
|
|
|
|
|
|
|
| Series 2024-R04, Class 1A1, (United States 30 Day Average SOFR + 1.00%), 6.28%, 05/25/2044 (e) (aa) |
|
|
328 |
|
|
|
328 |
|
| Series 2024-R05, Class 2A1, (United States 30 Day Average SOFR + 1.00%), 6.28%, 07/25/2044 (e) (aa) |
|
|
446 |
|
|
|
445 |
|
| FHLMC STACR REMIC Trust, |
|
|
|
|
|
|
|
|
| Series 2022-DNA6, Class M1A, (United States 30 Day Average SOFR + 2.15%), 7.43%, 09/25/2042 (e) (aa) |
|
|
151 |
|
|
|
152 |
|
| Series 2022-HQA1, Class M1A, (United States 30 Day Average SOFR + 2.10%), 7.38%, 03/25/2042 (e) (aa) |
|
|
60 |
|
|
|
60 |
|
| Series 2022-HQA2, Class M1A, (United States 30 Day Average SOFR + 2.65%), 7.93%, 07/25/2042 (e) (aa) |
|
|
453 |
|
|
|
465 |
|
| Series 2022-HQA3, Class M1A, (United States 30 Day Average SOFR + 2.30%), 7.58%, 08/25/2042 (e) (aa) |
|
|
166 |
|
|
|
170 |
|
| Series 2023-DNA2, Class M1A, (United States 30 Day Average SOFR + 2.10%), 7.36%, 04/25/2043 (e) (aa) |
|
|
762 |
|
|
|
774 |
|
| Series 2023-HQA1, Class M1A, (United States 30 Day Average SOFR + 2.00%), 7.28%, 05/25/2043 (e) (aa) |
|
|
350 |
|
|
|
352 |
|
| Series 2024-DNA1, Class A1, (United States 30 Day Average SOFR + 1.35%), 6.63%, 02/25/2044 (e) (aa) |
|
|
589 |
|
|
|
592 |
|
| Series 2024-DNA2, Class A1, (United States 30 Day Average SOFR + 1.25%), 6.53%, 05/25/2044 (e) (aa) |
|
|
453 |
|
|
|
454 |
|
| Series 2024-HQA1, Class M1, (United States 30 Day Average SOFR + 1.25%), 6.53%, 03/25/2044 (e) (aa) |
|
|
349 |
|
|
|
349 |
|
| Towd Point Mortgage Trust, Series 2019-HY1, Class M2, (CME Term SOFR 1 Month + 2.11%), 6.97%, 10/25/2048 (e) (aa) |
|
|
385 |
|
|
|
400 |
|
| Verus Securitization Trust, Series 2021-1, Class A1, 0.82%, 01/25/2066 (e) (z) |
|
|
148 |
|
|
|
134 |
|
|
|
|
|
|
|
|
|
|
| Total Collateralized Mortgage Obligations (Cost
$5,954) |
|
|
|
|
|
|
5,953 |
|
|
|
|
|
|
|
|
|
|
| Commercial Mortgage-Backed Securities — 0.2% |
|
|
|
|
|
|
|
|
| ACREC Ltd., (Cayman Islands), Series 2021-FL1, Class A, (CME Term SOFR 1 Month + 1.26%), 6.28%, 10/16/2036 (e) (aa) |
|
|
482 |
|
|
|
479 |
|
| BANK5, Series 2023-5YR2, Class A3, 6.66%, 07/15/2056 (z) |
|
|
800 |
|
|
|
854 |
|
| BBCMS Mortgage Trust, Series 2024-5C29, Class A2, 4.74%, 09/15/2057 |
|
|
700 |
|
|
|
705 |
|
| Benchmark Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2018-B2, Class A5, 3.88%, 02/15/2051 (z) |
|
|
90 |
|
|
|
87 |
|
| Series 2019-B11, Class A5, 3.54%, 05/15/2052 |
|
|
200 |
|
|
|
188 |
|
| Series 2024-V5, Class A3, 5.81%, 01/10/2057 |
|
|
240 |
|
|
|
251 |
|
| Series 2024-V6, Class A3, 5.93%, 03/15/2029 |
|
|
890 |
|
|
|
935 |
|
| BMO Mortgage Trust, Series 2023-5C2, Class A3, 7.30%, 11/15/2056 (z) |
|
|
1,000 |
|
|
|
1,093 |
|
| BSPRT Issuer Ltd., (Cayman Islands), Series 2021-FL7, Class A, (CME Term SOFR 1 Month + 1.43%), 6.53%, 12/15/2038 (e) (aa) |
|
|
408 |
|
|
|
407 |
|
| BX Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2021-XL2, Class A, (CME Term SOFR 1 Month + 0.80%), 5.90%, 10/15/2038 (e) (aa) |
|
|
577 |
|
|
|
572 |
|
| Series 2024-XL4, Class A, (CME Term SOFR 1 Month + 1.44%), 6.54%, 02/15/2039 (e) (aa) |
|
|
360 |
|
|
|
360 |
|
| Series 2024-XL5, Class A, (CME Term SOFR 1 Month + 1.39%), 6.49%, 03/15/2041 (e) (aa) |
|
|
1,220 |
|
|
|
1,220 |
|
| BX Trust, |
|
|
|
|
|
|
|
|
| Series 2022-PSB, Class A, (CME Term SOFR 1 Month + 2.45%), 7.55%, 08/15/2039 (e) (aa) |
|
|
894 |
|
|
|
896 |
|
| Series 2024-CNYN, Class A, (CME Term SOFR 1 Month + 1.44%), 6.54%, 04/15/2041 (e) (aa) |
|
|
574 |
|
|
|
573 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Commercial Mortgage-Backed Securities — continued |
|
|
|
|
|
|
|
|
| Citigroup Commercial Mortgage Trust, Series 2016-GC36, Class A5, 3.62%, 02/10/2049 |
|
|
945 |
|
|
|
923 |
|
| COMM Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2015-CR25, Class A3, 3.51%, 08/10/2048 |
|
|
788 |
|
|
|
781 |
|
| Series 2015-LC21, Class A4, 3.71%, 07/10/2048 |
|
|
570 |
|
|
|
565 |
|
| CONE Trust, Series 2024-DFW1, Class A, (CME Term SOFR 1 Month + 1.64%), 6.74%, 08/15/2041 (e) (aa) |
|
|
300 |
|
|
|
300 |
|
| CSAIL Commercial Mortgage Trust, Series 2015-C3, Class A3, 3.45%, 08/15/2048 |
|
|
642 |
|
|
|
636 |
|
| GS Mortgage Securities Corp. Trust, |
|
|
|
|
|
|
|
|
| Series 2021-ROSS, Class A, (CME Term SOFR 1 Month + 1.41%), 6.51%, 05/15/2026 (e) (aa) |
|
|
720 |
|
|
|
665 |
|
| Series 2021-ROSS, Class H, (CME Term SOFR 1 Month + 6.16%), 11.26%, 05/15/2026 (e) (aa) |
|
|
270 |
|
|
|
48 |
|
| JPMDB Commercial Mortgage Securities Trust, |
|
|
|
|
|
|
|
|
| Series 2017-C5, Class A4, 3.41%, 03/15/2050 |
|
|
669 |
|
|
|
652 |
|
| Series 2017-C7, Class A4, 3.15%, 10/15/2050 |
|
|
2,227 |
|
|
|
2,147 |
|
| KIND Commercial Mortgage Trust, Series 2024-1, Class A, (CME Term SOFR 1 Month + 1.89%), 6.99%, 08/15/2041 (e) (aa) |
|
|
310 |
|
|
|
311 |
|
| LoanCore Issuer Ltd., (Cayman Islands), Series 2022-CRE7, Class A, (United States 30 Day Average SOFR + 1.55%), 6.89%, 01/17/2037 (e) (aa) |
|
|
520 |
|
|
|
519 |
|
| MF1 LLC, Series 2022-FL9, Class A, (CME Term SOFR 1 Month + 2.15%), 7.11%, 06/19/2037 (e) (aa) |
|
|
496 |
|
|
|
496 |
|
| MF1 Ltd., (Cayman Islands), Series 2021-FL7, Class A, (CME Term SOFR 1 Month + 1.19%), 6.21%, 10/16/2036 (e) (aa) |
|
|
300 |
|
|
|
299 |
|
| Morgan Stanley Bank of America Merrill Lynch Trust, |
|
|
|
|
|
|
|
|
| Series 2015-C27, Class A4, 3.75%, 12/15/2047 |
|
|
180 |
|
|
|
177 |
|
| Series 2016-C29, Class A4, 3.33%, 05/15/2049 |
|
|
900 |
|
|
|
883 |
|
| Morgan Stanley Capital I Trust, Series 2024-NSTB, Class A, 3.90%, 07/20/2032 (e) (z) |
|
|
990 |
|
|
|
960 |
|
| UBS Commercial Mortgage Trust, Series 2019-C18, Class A4, 3.04%, 12/15/2052 |
|
|
50 |
|
|
|
46 |
|
| Wells Fargo Commercial Mortgage Trust, |
|
|
|
|
|
|
|
|
| Series 2015-NXS2, Class A4, 3.50%, 07/15/2058 |
|
|
910 |
|
|
|
900 |
|
| Series 2015-SG1, Class A4, 3.79%, 09/15/2048 |
|
|
191 |
|
|
|
189 |
|
| Series 2017-C42, Class A3, 3.33%, 12/15/2050 |
|
|
1,500 |
|
|
|
1,449 |
|
| Series 2019-C50, Class A5, 3.73%, 05/15/2052 |
|
|
90 |
|
|
|
87 |
|
| Series 2024-5C1, Class A3, 5.93%, 07/15/2057 |
|
|
500 |
|
|
|
527 |
|
|
|
|
|
|
|
|
|
|
| Total Commercial Mortgage-Backed Securities
(Cost $22,426) |
|
|
|
|
|
|
22,180 |
|
|
|
|
|
|
|
|
|
|
| Convertible Bonds — 0.5% |
|
|
|
|
|
|
|
|
| Communications — 0.1% |
|
|
|
|
|
|
|
|
| Internet — 0.1% |
|
|
|
|
|
|
|
|
| Uber Technologies, Inc., |
|
|
|
|
|
|
|
|
| Zero Coupon, 12/15/2025 |
|
|
620 |
|
|
|
684 |
|
| Series 2028, 0.88%, 12/01/2028 (e) |
|
|
4,938 |
|
|
|
6,182 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,866 |
|
|
|
|
|
|
|
|
|
|
| Media — 0.0% (g) |
|
|
|
|
|
|
|
|
| Cable One, Inc., |
|
|
|
|
|
|
|
|
| Zero Coupon, 03/15/2026 |
|
|
857 |
|
|
|
784 |
|
| 1.13%, 03/15/2028 |
|
|
2,025 |
|
|
|
1,629 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,413 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
9,279 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Convertible Bonds — continued |
|
|
|
|
|
|
|
|
| Consumer Cyclical — 0.0% (g) |
|
|
|
|
|
|
|
|
| Lodging — 0.0% (g) |
|
|
|
|
|
|
|
|
| Wynn Macau Ltd., (Cayman Islands), 4.50%, 03/07/2029 (e) |
|
|
342 |
|
|
|
362 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 0.1% |
|
|
|
|
|
|
|
|
| Commercial Services — 0.1% |
|
|
|
|
|
|
|
|
| Global Payments, Inc., 1.50%, 03/01/2031 (e) |
|
|
5,702 |
|
|
|
5,445 |
|
| Nexi SpA, (Italy), Reg. S, Zero Coupon, 02/24/2028 |
|
EUR |
1,200 |
|
|
|
1,162 |
|
| Shift4 Payments, Inc., Zero Coupon, 12/15/2025 |
|
|
1,735 |
|
|
|
2,109 |
|
| Worldline SA, (France), Reg. S, Zero Coupon, 07/30/2026 |
|
EUR |
839 |
|
|
|
848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,564 |
|
|
|
|
|
|
|
|
|
|
| Household Products/Wares — 0.0% (g) |
|
|
|
|
|
|
|
|
| Spectrum Brands, Inc., 3.38%, 06/01/2029 (e) |
|
|
1,877 |
|
|
|
1,943 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
11,507 |
|
|
|
|
|
|
|
|
|
|
| Energy — 0.1% |
|
|
|
|
|
|
|
|
| Energy - Alternate Sources — 0.1% |
|
|
|
|
|
|
|
|
| NextEra Energy Partners LP, |
|
|
|
|
|
|
|
|
| Zero Coupon, 11/15/2025 (e) |
|
|
2,896 |
|
|
|
2,705 |
|
| 2.50%, 06/15/2026 (e) |
|
|
2,036 |
|
|
|
1,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,619 |
|
|
|
|
|
|
|
|
|
|
| Oil & Gas — 0.0% (g) |
|
|
|
|
|
|
|
|
| Northern Oil & Gas, Inc., 3.63%, 04/15/2029 (e) |
|
|
1,520 |
|
|
|
1,735 |
|
|
|
|
|
|
|
|
|
|
| Total Energy |
|
|
|
|
|
|
6,354 |
|
|
|
|
|
|
|
|
|
|
| Financial — 0.0% (g) |
|
|
|
|
|
|
|
|
| Banks — 0.0% (g) |
|
|
|
|
|
|
|
|
| Barclays Bank plc, (United Kingdom), 1.00%, 02/16/2029 |
|
|
3,891 |
|
|
|
3,912 |
|
|
|
|
|
|
|
|
|
|
| Real Estate — 0.0% (g) |
|
|
|
|
|
|
|
|
| Sunac China Holdings Ltd., (Cayman Islands), 1.00% (PIK), 09/30/2032 (e) (v) |
|
|
8 |
|
|
|
1 |
|
|
|
|
|
|
|
|
|
|
| REITS — 0.0% (g) |
|
|
|
|
|
|
|
|
| Pebblebrook Hotel Trust, 1.75%, 12/15/2026 |
|
|
144 |
|
|
|
132 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
4,045 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 0.0% (g) |
|
|
|
|
|
|
|
|
| Engineering & Construction — 0.0% (g) |
|
|
|
|
|
|
|
|
| Cellnex Telecom SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 0.75%, 11/20/2031 EUR |
|
|
100 |
|
|
|
98 |
|
| Reg. S, 2.13%, 08/11/2030 EUR |
|
|
600 |
|
|
|
709 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
807 |
|
|
|
|
|
|
|
|
|
|
| Technology — 0.1% |
|
|
|
|
|
|
|
|
| Semiconductors — 0.0% (g) |
|
|
|
|
|
|
|
|
| ams-OSRAM AG, (Austria), Reg. S, 2.13%, 11/03/2027 EUR |
|
|
200 |
|
|
|
178 |
|
| MKS Instruments, Inc., 1.25%, 06/01/2030 (e) |
|
|
4,275 |
|
|
|
4,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,438 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Convertible Bonds — continued |
|
|
|
|
|
|
|
|
| Software — 0.1% |
|
|
|
|
|
|
|
|
| Snowflake, Inc., |
|
|
|
|
|
|
|
|
| Zero Coupon, 10/01/2027 (e) |
|
|
4,004 |
|
|
|
4,152 |
|
| Zero Coupon, 10/01/2029 (e) |
|
|
4,004 |
|
|
|
4,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,266 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
12,704 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 0.1% |
|
|
|
|
|
|
|
|
| Electric — 0.1% |
|
|
|
|
|
|
|
|
| FirstEnergy Corp., 4.00%, 05/01/2026 |
|
|
5,855 |
|
|
|
6,127 |
|
| PG&E Corp., 4.25%, 12/01/2027 (e) |
|
|
1,973 |
|
|
|
2,137 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
8,264 |
|
|
|
|
|
|
|
|
|
|
Total Convertible Bonds
(Cost $52,481) |
|
|
|
|
|
|
53,322 |
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds — 76.8% |
|
|
|
|
|
|
|
|
| Basic Materials — 3.5% |
|
|
|
|
|
|
|
|
| Chemicals — 1.6% |
|
|
|
|
|
|
|
|
| Ashland, Inc., |
|
|
|
|
|
|
|
|
| 3.38%, 09/01/2031 (e) |
|
|
1,000 |
|
|
|
888 |
|
| 6.88%, 05/15/2043 |
|
|
2,625 |
|
|
|
2,815 |
|
| Avient Corp., 6.25%, 11/01/2031 (e) |
|
|
2,362 |
|
|
|
2,422 |
|
| Axalta Coating Systems Dutch Holding B BV, (Netherlands), 7.25%, 02/15/2031 (e) |
|
|
3,148 |
|
|
|
3,362 |
|
| Axalta Coating Systems LLC, 3.38%, 02/15/2029 (e) |
|
|
1,806 |
|
|
|
1,691 |
|
| Axalta Coating Systems LLC / Axalta Coating Systems Dutch Holding B BV, (Multinational), 4.75%, 06/15/2027 (e) |
|
|
401 |
|
|
|
398 |
|
| Celanese US Holdings LLC, 6.17%, 07/15/2027 |
|
|
997 |
|
|
|
1,033 |
|
| Chemours Co. (The), |
|
|
|
|
|
|
|
|
| 4.00%, 05/15/2026 |
|
EUR |
542 |
|
|
|
600 |
|
| 4.63%, 11/15/2029 (e) |
|
|
789 |
|
|
|
706 |
|
| 5.38%, 05/15/2027 |
|
|
3,608 |
|
|
|
3,532 |
|
| 5.75%, 11/15/2028 (e) |
|
|
2,469 |
|
|
|
2,345 |
|
| Element Solutions, Inc., 3.88%, 09/01/2028 (e) |
|
|
11,077 |
|
|
|
10,569 |
|
| FIS Fabbrica Italiana Sintetici SpA, (Italy), Reg. S, 5.63%, 08/01/2027 |
|
EUR |
700 |
|
|
|
777 |
|
| Herens Holdco Sarl, (Luxembourg), 4.75%, 05/15/2028 (e) |
|
|
2,043 |
|
|
|
1,783 |
|
| Herens Midco Sarl, (Luxembourg), Reg. S, 5.25%, 05/15/2029 |
|
EUR |
100 |
|
|
|
83 |
|
| ICL Group Ltd., (Israel), Reg. S, 6.38%, 05/31/2038 (e) |
|
|
6,000 |
|
|
|
5,905 |
|
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.00%, 07/01/2028 (e) |
|
|
3,608 |
|
|
|
3,647 |
|
| INEOS Finance plc, (United Kingdom), Reg. S, 6.38%, 04/15/2029 |
|
EUR |
9,353 |
|
|
|
10,755 |
|
| INEOS Quattro Finance 2 Plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.50%, 01/15/2026 |
|
EUR |
594 |
|
|
|
658 |
|
| Reg. S, 8.50%, 03/15/2029 |
|
EUR |
200 |
|
|
|
236 |
|
| International Flavors & Fragrances, Inc., 1.23%, 10/01/2025 (e) |
|
|
1,195 |
|
|
|
1,153 |
|
| Italmatch Chemicals SpA, (Italy), Reg. S, 10.00%, 02/06/2028 |
|
EUR |
3,063 |
|
|
|
3,623 |
|
| Kobe US Midco 2, Inc., 9.25% (cash), 11/01/2026 (e) (v) |
|
|
1,583 |
|
|
|
1,320 |
|
| Kraton Corp., 5.00%, 07/15/2027 (e) |
|
|
437 |
|
|
|
445 |
|
| Kronos International, Inc., Reg. S, 9.50%, 03/15/2029 |
|
EUR |
297 |
|
|
|
360 |
|
| LSF11 A5 HoldCo. LLC, 6.63%, 10/15/2029 (e) |
|
|
2,616 |
|
|
|
2,544 |
|
| Lune Holdings Sarl, (Luxembourg), Reg. S, 5.63%, 11/15/2028 |
|
EUR |
10,290 |
|
|
|
10,041 |
|
| Mativ Holdings, Inc., 8.00%, 10/01/2029 (e) (w) |
|
|
2,220 |
|
|
|
2,266 |
|
| Monitchem HoldCo. 3 SA, (Luxembourg), Reg. S, 8.75%, 05/01/2028 |
|
EUR |
200 |
|
|
|
229 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Chemicals — continued |
|
|
|
|
|
|
|
|
| Nobian Finance BV, (Netherlands), Reg. S, 3.63%, 07/15/2026 |
|
EUR |
418 |
|
|
|
461 |
|
| OCP SA, (Morocco), |
|
|
|
|
|
|
|
|
| Reg. S, 3.75%, 06/23/2031 |
|
|
5,800 |
|
|
|
5,198 |
|
| Reg. S, 4.50%, 10/22/2025 |
|
|
200 |
|
|
|
198 |
|
| Reg. S, 5.13%, 06/23/2051 |
|
|
7,400 |
|
|
|
6,013 |
|
| Olympus Water US Holding Corp., |
|
|
|
|
|
|
|
|
| 4.25%, 10/01/2028 (e) |
|
|
1,836 |
|
|
|
1,753 |
|
| Reg. S, 5.38%, 10/01/2029 |
|
EUR |
200 |
|
|
|
210 |
|
| 6.25%, 10/01/2029 (e) |
|
|
1,100 |
|
|
|
1,064 |
|
| 7.25%, 06/15/2031 (e) |
|
|
7,959 |
|
|
|
8,282 |
|
| Reg. S, 9.63%, 11/15/2028 |
|
EUR |
598 |
|
|
|
714 |
|
| 9.75%, 11/15/2028 (e) |
|
|
20,068 |
|
|
|
21,419 |
|
| Orbia Advance Corp. SAB de CV, (Mexico), 1.88%, 05/11/2026 (e) |
|
|
249 |
|
|
|
236 |
|
| Rain CII Carbon LLC / CII Carbon Corp., 7.25%, 04/01/2025 (e) |
|
|
47 |
|
|
|
47 |
|
| Sasol Financing USA LLC, Reg. S, 8.75%, 05/03/2029 |
|
|
5,200 |
|
|
|
5,499 |
|
| SCIL IV LLC / SCIL USA Holdings LLC, |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.38%), 8.01%, 11/01/2026 (aa) |
|
EUR |
100 |
|
|
|
112 |
|
| Reg. S, 9.50%, 07/15/2028 |
|
EUR |
201 |
|
|
|
241 |
|
| SK Invictus Intermediate II Sarl, (Luxembourg), 5.00%, 10/30/2029 (e) |
|
|
10,111 |
|
|
|
9,707 |
|
| SNF Group SACA, (France), |
|
|
|
|
|
|
|
|
| 3.13%, 03/15/2027 (e) |
|
|
387 |
|
|
|
369 |
|
| 3.38%, 03/15/2030 (e) |
|
|
1,799 |
|
|
|
1,621 |
|
| Tronox, Inc., 4.63%, 03/15/2029 (e) |
|
|
2,890 |
|
|
|
2,699 |
|
| WR Grace Holdings LLC, |
|
|
|
|
|
|
|
|
| 4.88%, 06/15/2027 (e) |
|
|
858 |
|
|
|
846 |
|
| 5.63%, 08/15/2029 (e) |
|
|
15,787 |
|
|
|
14,828 |
|
| 7.38%, 03/01/2031 (e) |
|
|
4,313 |
|
|
|
4,519 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
162,222 |
|
|
|
|
|
|
|
|
|
|
| Forest Products & Paper — 0.1% |
|
|
|
|
|
|
|
|
| Ahlstrom Holding 3 Oy, (Finland), |
|
|
|
|
|
|
|
|
| Reg. S, 3.63%, 02/04/2028 |
|
EUR |
100 |
|
|
|
107 |
|
| 4.88%, 02/04/2028 (e) |
|
|
700 |
|
|
|
659 |
|
| WEPA Hygieneprodukte GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 12/15/2027 |
|
EUR |
4,000 |
|
|
|
4,287 |
|
| Reg. S, 5.63%, 01/15/2031 |
|
EUR |
2,000 |
|
|
|
2,283 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,336 |
|
|
|
|
|
|
|
|
|
|
| Iron/Steel — 0.3% |
|
|
|
|
|
|
|
|
| ATI, Inc., |
|
|
|
|
|
|
|
|
| 4.88%, 10/01/2029 |
|
|
816 |
|
|
|
788 |
|
| 5.13%, 10/01/2031 |
|
|
3,254 |
|
|
|
3,162 |
|
| 7.25%, 08/15/2030 |
|
|
6,193 |
|
|
|
6,595 |
|
| Big River Steel LLC / BRS Finance Corp., 6.63%, 01/31/2029 (e) |
|
|
8,821 |
|
|
|
8,937 |
|
| Carpenter Technology Corp., 7.63%, 03/15/2030 |
|
|
3,756 |
|
|
|
3,931 |
|
| Cleveland-Cliffs, Inc., |
|
|
|
|
|
|
|
|
| 6.75%, 04/15/2030 (e) |
|
|
2,950 |
|
|
|
3,001 |
|
| 7.00%, 03/15/2032 (e) |
|
|
710 |
|
|
|
716 |
|
| CSN Inova Ventures, (Cayman Islands), Reg. S, 6.75%, 01/28/2028 |
|
|
3,000 |
|
|
|
2,899 |
|
| Mineral Resources Ltd., (Australia), 9.25%, 10/01/2028 (e) |
|
|
2,450 |
|
|
|
2,602 |
|
| Vale Overseas Ltd., (Cayman Islands), 6.40%, 06/28/2054 |
|
|
1,300 |
|
|
|
1,369 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
34,000 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Mining — 1.5% |
|
|
|
|
|
|
|
|
| Alcoa Nederland Holding BV, (Netherlands), 5.50%, 12/15/2027 (e) |
|
|
1,200 |
|
|
|
1,204 |
|
| Anglo American Capital plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 2.25%, 03/17/2028 (e) |
|
|
200 |
|
|
|
185 |
|
| 4.00%, 09/11/2027 (e) |
|
|
426 |
|
|
|
419 |
|
| 4.50%, 03/15/2028 (e) |
|
|
340 |
|
|
|
339 |
|
| 4.75%, 04/10/2027 (e) |
|
|
400 |
|
|
|
402 |
|
| 4.88%, 05/14/2025 (e) |
|
|
1,344 |
|
|
|
1,343 |
|
| AngloGold Ashanti Holdings plc, (Isle of Man), 3.75%, 10/01/2030 |
|
|
1,400 |
|
|
|
1,297 |
|
| Antofagasta plc, (United Kingdom), Reg. S, 2.38%, 10/14/2030 |
|
|
4,900 |
|
|
|
4,266 |
|
| Arsenal AIC Parent LLC, |
|
|
|
|
|
|
|
|
| 8.00%, 10/01/2030 (e) |
|
|
1,499 |
|
|
|
1,609 |
|
| 11.50%, 10/01/2031 (e) |
|
|
14,556 |
|
|
|
16,451 |
|
| Constellium SE, (France), |
|
|
|
|
|
|
|
|
| 3.75%, 04/15/2029 (e) |
|
|
9,168 |
|
|
|
8,562 |
|
| Reg. S, 5.38%, 08/15/2032 |
|
EUR |
600 |
|
|
|
687 |
|
| 6.38%, 08/15/2032 (e) |
|
|
6,266 |
|
|
|
6,431 |
|
| Corp. Nacional del Cobre de Chile, (Chile), |
|
|
|
|
|
|
|
|
| Reg. S, 4.50%, 08/01/2047 |
|
|
6,500 |
|
|
|
5,525 |
|
| Reg. S, 5.95%, 01/08/2034 |
|
|
3,300 |
|
|
|
3,472 |
|
| Eldorado Gold Corp., (Canada), 6.25%, 09/01/2029 (e) |
|
|
3,825 |
|
|
|
3,818 |
|
| ERO Copper Corp., (Canada), 6.50%, 02/15/2030 (e) |
|
|
1,107 |
|
|
|
1,102 |
|
| First Quantum Minerals Ltd., (Canada), |
|
|
|
|
|
|
|
|
| 6.88%, 10/15/2027 (e) |
|
|
4,280 |
|
|
|
4,232 |
|
| 8.63%, 06/01/2031 (e) |
|
|
600 |
|
|
|
601 |
|
| 9.38%, 03/01/2029 (e) |
|
|
8,424 |
|
|
|
8,930 |
|
| Freeport Indonesia PT, (Indonesia), 4.76%, 04/14/2027 (e) |
|
|
800 |
|
|
|
803 |
|
| Freeport-McMoRan, Inc., 4.55%, 11/14/2024 |
|
|
400 |
|
|
|
399 |
|
| Glencore Funding LLC, |
|
|
|
|
|
|
|
|
| 1.63%, 04/27/2026 (e) |
|
|
235 |
|
|
|
226 |
|
| 4.00%, 04/16/2025 (e) |
|
|
164 |
|
|
|
163 |
|
| 4.00%, 03/27/2027 (e) |
|
|
306 |
|
|
|
303 |
|
| 5.34%, 04/04/2027 (e) |
|
|
476 |
|
|
|
487 |
|
| 5.37%, 04/04/2029 (e) |
|
|
473 |
|
|
|
489 |
|
| 6.13%, 10/06/2028 (e) |
|
|
116 |
|
|
|
123 |
|
| Hecla Mining Co., 7.25%, 02/15/2028 |
|
|
2,943 |
|
|
|
3,001 |
|
| Hudbay Minerals, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 4.50%, 04/01/2026 (e) |
|
|
3,858 |
|
|
|
3,816 |
|
| 6.13%, 04/01/2029 (e) |
|
|
3,106 |
|
|
|
3,152 |
|
| Indonesia Asahan Aluminium PT / Mineral Industri Indonesia Persero PT, (Indonesia), |
|
|
|
|
|
|
|
|
| Reg. S, 5.45%, 05/15/2030 |
|
|
3,300 |
|
|
|
3,369 |
|
| Reg. S, 5.80%, 05/15/2050 |
|
|
8,700 |
|
|
|
8,682 |
|
| Kaiser Aluminum Corp., |
|
|
|
|
|
|
|
|
| 4.50%, 06/01/2031 (e) |
|
|
12,608 |
|
|
|
11,521 |
|
| 4.63%, 03/01/2028 (e) |
|
|
2,402 |
|
|
|
2,323 |
|
| New Gold, Inc., (Canada), 7.50%, 07/15/2027 (e) |
|
|
11,444 |
|
|
|
11,671 |
|
| Novelis Corp., |
|
|
|
|
|
|
|
|
| 3.25%, 11/15/2026 (e) |
|
|
6,632 |
|
|
|
6,399 |
|
| 3.88%, 08/15/2031 (e) |
|
|
5,868 |
|
|
|
5,351 |
|
| 4.75%, 01/30/2030 (e) |
|
|
11,313 |
|
|
|
10,976 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Mining — continued |
|
|
|
|
|
|
|
|
| Novelis Sheet Ingot GmbH, (Germany), Reg. S, 3.38%, 04/15/2029 |
|
EUR |
2,640 |
|
|
|
2,806 |
|
| Taseko Mines Ltd., (Canada), 8.25%, 05/01/2030 (e) |
|
|
1,760 |
|
|
|
1,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
148,783 |
|
|
|
|
|
|
|
|
|
|
| Total Basic Materials |
|
|
|
|
|
|
352,341 |
|
|
|
|
|
|
|
|
|
|
| Communications — 10.5% |
|
|
|
|
|
|
|
|
| Advertising — 0.6% |
|
|
|
|
|
|
|
|
| Clear Channel Outdoor Holdings, Inc., |
|
|
|
|
|
|
|
|
| 5.13%, 08/15/2027 (e) |
|
|
5,465 |
|
|
|
5,373 |
|
| 7.50%, 06/01/2029 (e) |
|
|
6,810 |
|
|
|
5,882 |
|
| 7.75%, 04/15/2028 (e) |
|
|
584 |
|
|
|
523 |
|
| 7.88%, 04/01/2030 (e) |
|
|
8,925 |
|
|
|
9,333 |
|
| 9.00%, 09/15/2028 (e) |
|
|
15,753 |
|
|
|
16,748 |
|
| CMG Media Corp., 8.88%, 12/15/2027 (e) |
|
|
3,688 |
|
|
|
2,157 |
|
| Lamar Media Corp., 4.00%, 02/15/2030 |
|
|
113 |
|
|
|
106 |
|
| Neptune Bidco US, Inc., 9.29%, 04/15/2029 (e) |
|
|
7,649 |
|
|
|
7,503 |
|
| Outfront Media Capital LLC / Outfront Media Capital Corp., |
|
|
|
|
|
|
|
|
| 4.25%, 01/15/2029 (e) |
|
|
8,110 |
|
|
|
7,722 |
|
| 4.63%, 03/15/2030 (e) |
|
|
348 |
|
|
|
331 |
|
| 7.38%, 02/15/2031 (e) |
|
|
3,392 |
|
|
|
3,621 |
|
| Summer BC Holdco B Sarl, (Luxembourg), Reg. S, 5.75%, 10/31/2026 |
|
EUR |
5,920 |
|
|
|
6,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
65,889 |
|
|
|
|
|
|
|
|
|
|
| Internet — 0.9% |
|
|
|
|
|
|
|
|
| Acuris Finance US, Inc. / Acuris Finance Sarl, |
|
|
|
|
|
|
|
|
| 5.00%, 05/01/2028 (e) |
|
|
3,000 |
|
|
|
2,747 |
|
| 9.00%, 08/01/2029 (e) |
|
|
1,307 |
|
|
|
1,314 |
|
| ANGI Group LLC, 3.88%, 08/15/2028 (e) |
|
|
835 |
|
|
|
766 |
|
| Cablevision Lightpath LLC, |
|
|
|
|
|
|
|
|
| 3.88%, 09/15/2027 (e) |
|
|
7,397 |
|
|
|
7,041 |
|
| 5.63%, 09/15/2028 (e) |
|
|
2,775 |
|
|
|
2,604 |
|
| Engineering - Ingegneria Informatica - SpA, (Italy), Reg. S, 11.13%, 05/15/2028 |
|
EUR |
2,217 |
|
|
|
2,505 |
|
| Gen Digital, Inc., 5.00%, 04/15/2025 (e) |
|
|
4,210 |
|
|
|
4,186 |
|
| Go Daddy Operating Co. LLC / GD Finance Co., Inc., 3.50%, 03/01/2029 (e) |
|
|
3,399 |
|
|
|
3,189 |
|
| iliad SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 2.38%, 06/17/2026 |
|
EUR |
6,800 |
|
|
|
7,409 |
|
| Reg. S, 5.63%, 02/15/2030 |
|
EUR |
600 |
|
|
|
705 |
|
| Iliad SA, (France), Reg. S, 5.38%, 06/14/2027 |
|
EUR |
300 |
|
|
|
347 |
|
| ION Trading Technologies Sarl, (Luxembourg), 9.50%, 05/30/2029 (e) |
|
|
735 |
|
|
|
752 |
|
| Match Group Holdings II LLC, 4.63%, 06/01/2028 (e) |
|
|
2,381 |
|
|
|
2,315 |
|
| Netflix, Inc., 4.88%, 04/15/2028 |
|
|
175 |
|
|
|
179 |
|
| Prosus NV, (Netherlands), |
|
|
|
|
|
|
|
|
| 3.26%, 01/19/2027 (e) |
|
|
200 |
|
|
|
193 |
|
| Reg. S, 3.26%, 01/19/2027 |
|
|
4,800 |
|
|
|
4,630 |
|
| Reg. S, 4.99%, 01/19/2052 |
|
|
5,600 |
|
|
|
4,724 |
|
| Rakuten Group, Inc., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 4.74%), 4.25%, 04/22/2027 (x) (aa) |
|
EUR |
5,410 |
|
|
|
5,154 |
|
| 9.75%, 04/15/2029 (e) |
|
|
4,505 |
|
|
|
4,916 |
|
| 11.25%, 02/15/2027 (e) |
|
|
1,856 |
|
|
|
2,030 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Internet — continued |
|
|
|
|
|
|
|
|
| Uber Technologies, Inc., |
|
|
|
|
|
|
|
|
| 4.50%, 08/15/2029 (e) |
|
|
1,724 |
|
|
|
1,708 |
|
| 6.25%, 01/15/2028 (e) |
|
|
540 |
|
|
|
546 |
|
| United Group BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 4.00%, 11/15/2027 |
|
EUR |
4,119 |
|
|
|
4,476 |
|
| Reg. S, 4.63%, 08/15/2028 |
|
EUR |
7,000 |
|
|
|
7,675 |
|
| Reg. S, 5.25%, 02/01/2030 |
|
EUR |
12,817 |
|
|
|
13,982 |
|
| Reg. S, 6.75%, 02/15/2031 |
|
EUR |
100 |
|
|
|
116 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.25%), 7.79%, 02/15/2031 (aa) |
|
EUR |
268 |
|
|
|
298 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
86,507 |
|
|
|
|
|
|
|
|
|
|
| Media — 2.9% |
|
|
|
|
|
|
|
|
| Cable One, Inc., 4.00%, 11/15/2030 (e) |
|
|
506 |
|
|
|
403 |
|
| CCO Holdings LLC / CCO Holdings Capital Corp., |
|
|
|
|
|
|
|
|
| 4.25%, 02/01/2031 (e) |
|
|
11,199 |
|
|
|
9,879 |
|
| 4.25%, 01/15/2034 (e) |
|
|
11,097 |
|
|
|
9,118 |
|
| 4.50%, 08/15/2030 (e) |
|
|
528 |
|
|
|
478 |
|
| 4.50%, 05/01/2032 |
|
|
3,722 |
|
|
|
3,218 |
|
| 4.75%, 03/01/2030 (e) |
|
|
674 |
|
|
|
620 |
|
| 5.00%, 02/01/2028 (e) |
|
|
9,131 |
|
|
|
8,882 |
|
| 5.13%, 05/01/2027 (e) |
|
|
4,319 |
|
|
|
4,251 |
|
| 5.38%, 06/01/2029 (e) |
|
|
450 |
|
|
|
434 |
|
| 6.38%, 09/01/2029 (e) |
|
|
9,796 |
|
|
|
9,795 |
|
| 7.38%, 03/01/2031 (e) |
|
|
9,764 |
|
|
|
10,001 |
|
| Charter Communications Operating LLC / Charter Communications Operating Capital, |
|
|
|
|
|
|
|
|
| 4.91%, 07/23/2025 |
|
|
81 |
|
|
|
81 |
|
| 6.15%, 11/10/2026 |
|
|
201 |
|
|
|
206 |
|
| CSC Holdings LLC, |
|
|
|
|
|
|
|
|
| 3.38%, 02/15/2031 (e) |
|
|
2,239 |
|
|
|
1,590 |
|
| 4.13%, 12/01/2030 (e) |
|
|
5,619 |
|
|
|
4,095 |
|
| 4.50%, 11/15/2031 (e) |
|
|
1,200 |
|
|
|
874 |
|
| 4.63%, 12/01/2030 (e) |
|
|
7,510 |
|
|
|
3,812 |
|
| 5.00%, 11/15/2031 (e) |
|
|
1,700 |
|
|
|
840 |
|
| 5.38%, 02/01/2028 (e) |
|
|
3,825 |
|
|
|
3,222 |
|
| 5.50%, 04/15/2027 (e) |
|
|
9,032 |
|
|
|
7,943 |
|
| 5.75%, 01/15/2030 (e) |
|
|
2,000 |
|
|
|
1,035 |
|
| 6.50%, 02/01/2029 (e) |
|
|
1,700 |
|
|
|
1,408 |
|
| 7.50%, 04/01/2028 (e) |
|
|
500 |
|
|
|
334 |
|
| 11.25%, 05/15/2028 (e) |
|
|
5,900 |
|
|
|
5,695 |
|
| 11.75%, 01/31/2029 (e) |
|
|
7,916 |
|
|
|
7,652 |
|
| Diamond Sports Group LLC / Diamond Sports Finance Co., |
|
|
|
|
|
|
|
|
| 5.38%, 08/15/2026 (d) (e) |
|
|
17,957 |
|
|
|
224 |
|
| 6.63%, 08/15/2027 (d) (e) |
|
|
10,954 |
|
|
|
137 |
|
| DIRECTV Financing LLC / DIRECTV Financing Co-Obligor, Inc., 5.88%, 08/15/2027 (e) |
|
|
8,770 |
|
|
|
8,615 |
|
| Discovery Communications LLC, 3.95%, 03/20/2028 |
|
|
127 |
|
|
|
121 |
|
| DISH DBS Corp., |
|
|
|
|
|
|
|
|
| 5.13%, 06/01/2029 |
|
|
1,150 |
|
|
|
772 |
|
| 5.25%, 12/01/2026 (e) |
|
|
7,604 |
|
|
|
7,027 |
|
| 5.75%, 12/01/2028 (e) |
|
|
6,183 |
|
|
|
5,402 |
|
| 7.38%, 07/01/2028 |
|
|
5,423 |
|
|
|
4,072 |
|
| 7.75%, 07/01/2026 |
|
|
9,515 |
|
|
|
8,299 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Media — continued |
|
|
|
|
|
|
|
|
| DISH Network Corp., 11.75%, 11/15/2027 (e) |
|
|
18,949 |
|
|
|
19,839 |
|
| FactSet Research Systems, Inc., 2.90%, 03/01/2027 |
|
|
120 |
|
|
|
116 |
|
| GCI LLC, 4.75%, 10/15/2028 (e) |
|
|
182 |
|
|
|
175 |
|
| Gray Television, Inc., 10.50%, 07/15/2029 (e) |
|
|
7,221 |
|
|
|
7,542 |
|
| LCPR Senior Secured Financing DAC, (Ireland), 6.75%, 10/15/2027 (e) |
|
|
5,127 |
|
|
|
4,690 |
|
| Midcontinent Communications, 8.00%, 08/15/2032 (e) |
|
|
4,238 |
|
|
|
4,313 |
|
| News Corp., 3.88%, 05/15/2029 (e) |
|
|
950 |
|
|
|
899 |
|
| Nexstar Media, Inc., 5.63%, 07/15/2027 (e) |
|
|
1,717 |
|
|
|
1,701 |
|
| Radiate Holdco LLC / Radiate Finance, Inc., |
|
|
|
|
|
|
|
|
| 4.50%, 09/15/2026 (e) |
|
|
5,352 |
|
|
|
4,567 |
|
| 6.50%, 09/15/2028 (e) |
|
|
7,485 |
|
|
|
4,955 |
|
| RCS & RDS SA, (Romania), Reg. S, 3.25%, 02/05/2028 |
|
EUR |
200 |
|
|
|
214 |
|
| Sinclair Television Group, Inc., 5.13%, 02/15/2027 (e) |
|
|
1,840 |
|
|
|
1,601 |
|
| Sirius XM Radio, Inc., |
|
|
|
|
|
|
|
|
| 3.13%, 09/01/2026 (e) |
|
|
2,201 |
|
|
|
2,126 |
|
| 4.00%, 07/15/2028 (e) |
|
|
371 |
|
|
|
350 |
|
| 5.00%, 08/01/2027 (e) |
|
|
11,948 |
|
|
|
11,754 |
|
| Summer BidCo BV, (Netherlands), Reg. S, 10.00% (cash), 02/15/2029 (v) |
|
EUR |
4,119 |
|
|
|
4,731 |
|
| Sunrise FinCo. I BV, (Netherlands), 4.88%, 07/15/2031 (e) |
|
|
4,433 |
|
|
|
4,180 |
|
| Tele Columbus AG, (Germany), Reg. S, 10.00% (PIK), 01/01/2029 (v) |
|
EUR |
5,721 |
|
|
|
5,015 |
|
| Telenet Finance Luxembourg Notes Sarl, (Luxembourg), 5.50%, 03/01/2028 (e) |
|
|
1,800 |
|
|
|
1,760 |
|
| Univision Communications, Inc., |
|
|
|
|
|
|
|
|
| 4.50%, 05/01/2029 (e) |
|
|
2,125 |
|
|
|
1,905 |
|
| 6.63%, 06/01/2027 (e) |
|
|
14,454 |
|
|
|
14,480 |
|
| 8.00%, 08/15/2028 (e) |
|
|
8,474 |
|
|
|
8,665 |
|
| 8.50%, 07/31/2031 (e) |
|
|
3,757 |
|
|
|
3,772 |
|
| UPCB Finance VII Ltd., (Cayman Islands), Reg. S, 3.63%, 06/15/2029 |
|
EUR |
5,380 |
|
|
|
5,809 |
|
| Videotron Ltd., (Canada), 5.13%, 04/15/2027 (e) |
|
|
887 |
|
|
|
884 |
|
| Virgin Media Secured Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.13%, 08/15/2030 |
|
GBP |
100 |
|
|
|
116 |
|
| 4.50%, 08/15/2030 (e) |
|
|
2,900 |
|
|
|
2,580 |
|
| 5.50%, 05/15/2029 (e) |
|
|
1,775 |
|
|
|
1,702 |
|
| Virgin Media Vendor Financing Notes III DAC, (Ireland), Reg. S, 4.88%, 07/15/2028 |
|
GBP |
9,560 |
|
|
|
11,808 |
|
| Virgin Media Vendor Financing Notes IV DAC, (Ireland), 5.00%, 07/15/2028 (e) |
|
|
5,855 |
|
|
|
5,643 |
|
| VZ Secured Financing BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 3.50%, 01/15/2032 |
|
EUR |
100 |
|
|
|
103 |
|
| 5.00%, 01/15/2032 (e) |
|
|
4,150 |
|
|
|
3,820 |
|
| VZ Vendor Financing II BV, (Netherlands), Reg. S, 2.88%, 01/15/2029 |
|
EUR |
364 |
|
|
|
374 |
|
| Ziggo Bond Co. BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 5.13%, 02/28/2030 (e) |
|
|
1,072 |
|
|
|
989 |
|
| 6.00%, 01/15/2027 (e) |
|
|
3,452 |
|
|
|
3,450 |
|
| Ziggo BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 01/15/2030 |
|
EUR |
7,570 |
|
|
|
7,786 |
|
| 4.88%, 01/15/2030 (e) |
|
|
5,302 |
|
|
|
5,038 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
289,987 |
|
|
|
|
|
|
|
|
|
|
| Telecommunications — 6.1% |
|
|
|
|
|
|
|
|
| Altice Financing SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| 2.25%, 01/15/2025 (e) |
|
EUR |
2,525 |
|
|
|
2,768 |
|
| Reg. S, 3.00%, 01/15/2028 |
|
EUR |
5,100 |
|
|
|
4,641 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Telecommunications — continued |
|
|
|
|
|
|
|
|
| Reg. S, 4.25%, 08/15/2029 |
|
EUR |
16,138 |
|
|
|
14,416 |
|
| 5.00%, 01/15/2028 (e) |
|
|
2,700 |
|
|
|
2,284 |
|
| 5.75%, 08/15/2029 (e) |
|
|
19,760 |
|
|
|
15,920 |
|
| 9.63%, 07/15/2027 (e) |
|
|
12,887 |
|
|
|
12,550 |
|
| Altice Finco SA, (Luxembourg), Reg. S, 4.75%, 01/15/2028 |
|
EUR |
4,268 |
|
|
|
3,310 |
|
| Altice France Holding SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 4.00%, 02/15/2028 |
|
EUR |
5,125 |
|
|
|
1,512 |
|
| Reg. S, 8.00%, 05/15/2027 |
|
EUR |
4,500 |
|
|
|
1,528 |
|
| Altice France SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 01/15/2028 |
|
EUR |
239 |
|
|
|
188 |
|
| Reg. S, 4.25%, 10/15/2029 |
|
EUR |
16,655 |
|
|
|
12,952 |
|
| 5.13%, 01/15/2029 (e) |
|
|
1,276 |
|
|
|
897 |
|
| 5.13%, 07/15/2029 (e) |
|
|
7,557 |
|
|
|
5,314 |
|
| 5.50%, 01/15/2028 (e) |
|
|
155 |
|
|
|
113 |
|
| 5.50%, 10/15/2029 (e) |
|
|
6,405 |
|
|
|
4,486 |
|
| Reg. S, 5.88%, 02/01/2027 |
|
EUR |
3,500 |
|
|
|
3,052 |
|
| Reg. S, 11.50%, 02/01/2027 |
|
EUR |
300 |
|
|
|
275 |
|
| AT&T, Inc., 5.54%, 02/20/2026 |
|
|
1,386 |
|
|
|
1,384 |
|
| Axiata SPV2 Bhd., (Malaysia), Reg. S, 2.16%, 08/19/2030 |
|
|
11,200 |
|
|
|
9,863 |
|
| British Telecommunications plc, (United Kingdom), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.54%), 5.13%, 10/03/2054 (aa) |
|
EUR |
325 |
|
|
|
371 |
|
| CK Hutchison Group Telecom Finance SA, (Luxembourg), Reg. S, 2.63%, 10/17/2034 |
|
GBP |
200 |
|
|
|
197 |
|
| CommScope, Inc., 4.75%, 09/01/2029 (e) |
|
|
3,398 |
|
|
|
2,854 |
|
| Connect Finco Sarl / Connect US Finco LLC, (Multinational), |
|
|
|
|
|
|
|
|
| 6.75%, 10/01/2026 (e) |
|
|
6,525 |
|
|
|
6,525 |
|
| 9.00%, 09/15/2029 (e) |
|
|
7,825 |
|
|
|
7,576 |
|
| Digicel Group Holdings Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| Series 1B14, , Zero Coupon, 12/31/2030 (e) (bb) (cc) |
|
|
104 |
|
|
|
8 |
|
| Series 3A14, , Zero Coupon, 12/31/2030 (e) (bb) (cc) |
|
|
1 |
|
|
|
1 |
|
| Series 3B14, , Zero Coupon, 12/31/2030 (e) (bb) (cc) |
|
|
64 |
|
|
|
— |
(h) |
| Digicel Intermediate Holdings Ltd. / Digicel International Finance Ltd. / Difl US, (Multinational), 12.00% (Blend (cash 9.00% + PIK 3.00%)), 05/25/2027 (v) |
|
|
1,026 |
|
|
|
1,032 |
|
| Digicel Midco Ltd. / Difl US II LLC, (Saint Lucia), 10.50% (cash), 11/25/2028 (v) |
|
|
3,015 |
|
|
|
2,713 |
|
| Frontier Communications Holdings LLC, |
|
|
|
|
|
|
|
|
| 5.00%, 05/01/2028 (e) |
|
|
11,011 |
|
|
|
10,928 |
|
| 5.88%, 10/15/2027 (e) |
|
|
5,741 |
|
|
|
5,765 |
|
| 5.88%, 11/01/2029 |
|
|
7,902 |
|
|
|
7,857 |
|
| 6.75%, 05/01/2029 (e) |
|
|
860 |
|
|
|
867 |
|
| 8.63%, 03/15/2031 (e) |
|
|
1,986 |
|
|
|
2,141 |
|
| 8.75%, 05/15/2030 (e) |
|
|
20,784 |
|
|
|
22,149 |
|
| Global Switch Finance BV, (Netherlands), Reg. S, 1.38%, 10/07/2030 |
|
EUR |
591 |
|
|
|
604 |
|
| Iliad Holding SASU, (France), |
|
|
|
|
|
|
|
|
| 6.50%, 10/15/2026 (e) |
|
|
11,811 |
|
|
|
11,941 |
|
| Reg. S, 6.88%, 04/15/2031 |
|
EUR |
25,491 |
|
|
|
30,149 |
|
| 7.00%, 10/15/2028 (e) |
|
|
3,624 |
|
|
|
3,686 |
|
| 8.50%, 04/15/2031 (e) |
|
|
5,299 |
|
|
|
5,699 |
|
| Intelsat Jackson Holdings SA, (Luxembourg), 6.50%, 03/15/2030 (e) |
|
|
12,037 |
|
|
|
11,518 |
|
| Kaixo Bondco Telecom SA, (Spain), Reg. S, 5.13%, 09/30/2029 |
|
EUR |
300 |
|
|
|
333 |
|
| Koninklijke KPN NV, (Netherlands), Reg. S, (EUR Swap Rate 5 Year + 3.77%), 6.00%, 09/21/2027 (x) (aa) |
|
EUR |
3,720 |
|
|
|
4,405 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Telecommunications — continued |
|
|
|
|
|
|
|
|
| Level 3 Financing, Inc., |
|
|
|
|
|
|
|
|
| 3.63%, 01/15/2029 (e) |
|
|
2,700 |
|
|
|
1,883 |
|
| 3.75%, 07/15/2029 (e) |
|
|
3,225 |
|
|
|
2,193 |
|
| 3.88%, 10/15/2030 (e) |
|
|
200 |
|
|
|
147 |
|
| 4.00%, 04/15/2031 (e) |
|
|
1,305 |
|
|
|
949 |
|
| 4.25%, 07/01/2028 (e) |
|
|
2,475 |
|
|
|
1,983 |
|
| 4.50%, 04/01/2030 (e) |
|
|
1,710 |
|
|
|
1,324 |
|
| 4.88%, 06/15/2029 (e) |
|
|
4,826 |
|
|
|
4,054 |
|
| 10.50%, 04/15/2029 (e) |
|
|
14,725 |
|
|
|
16,051 |
|
| 10.50%, 05/15/2030 (e) |
|
|
14,960 |
|
|
|
16,101 |
|
| 10.75%, 12/15/2030 (e) |
|
|
3,912 |
|
|
|
4,293 |
|
| 11.00%, 11/15/2029 (e) |
|
|
18,609 |
|
|
|
20,618 |
|
| Lorca Telecom Bondco SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 4.00%, 09/18/2027 |
|
EUR |
13,649 |
|
|
|
15,097 |
|
| Reg. S, 5.75%, 04/30/2029 |
|
EUR |
440 |
|
|
|
511 |
|
| Lumen Technologies, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 04/15/2029 (e) |
|
|
901 |
|
|
|
756 |
|
| 4.13%, 04/15/2030 (e) |
|
|
901 |
|
|
|
730 |
|
| Matterhorn Telecom SA, (Luxembourg), Reg. S, 3.13%, 09/15/2026 |
|
EUR |
11,860 |
|
|
|
13,038 |
|
| Odido Group Holding BV, (Netherlands), Reg. S, 5.50%, 01/15/2030 |
|
EUR |
156 |
|
|
|
169 |
|
| Odido Holding BV, (Netherlands), Reg. S, 3.75%, 01/15/2029 |
|
EUR |
7,180 |
|
|
|
7,843 |
|
| Optics Bidco SpA, (Italy), |
|
|
|
|
|
|
|
|
| 1.63%, 01/18/2029 |
|
EUR |
1,000 |
|
|
|
1,018 |
|
| Reg. S, 2.38%, 10/12/2027 |
|
EUR |
13,706 |
|
|
|
14,637 |
|
| 6.00%, 09/30/2034 (e) |
|
|
3,170 |
|
|
|
3,209 |
|
| 7.20%, 07/18/2036 (e) |
|
|
6,967 |
|
|
|
7,498 |
|
| PLT VII Finance Sarl, (Luxembourg), 6.00%, 06/15/2031 (e) |
|
EUR |
6,300 |
|
|
|
7,285 |
|
| PPF Telecom Group BV, (Netherlands), Reg. S, 3.25%, 09/29/2027 |
|
EUR |
8,360 |
|
|
|
9,202 |
|
| Sable International Finance Ltd., (Cayman Islands), 7.13%, 10/15/2032 (e) (w) |
|
|
6,165 |
|
|
|
6,185 |
|
| SES SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 3.19%), 2.88%, 05/27/2026 (x) (aa) |
|
EUR |
236 |
|
|
|
249 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 3.59%), 6.00%, 09/12/2054 (aa) |
|
EUR |
400 |
|
|
|
419 |
|
| SoftBank Group Corp., (Japan), |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 01/06/2027 |
|
EUR |
250 |
|
|
|
271 |
|
| Reg. S, 3.13%, 09/19/2025 |
|
EUR |
282 |
|
|
|
310 |
|
| Reg. S, 3.38%, 07/06/2029 |
|
EUR |
7,510 |
|
|
|
7,836 |
|
| Reg. S, 3.88%, 07/06/2032 |
|
EUR |
400 |
|
|
|
409 |
|
| Reg. S, 4.00%, 09/19/2029 |
|
EUR |
100 |
|
|
|
107 |
|
| Reg. S, 4.50%, 04/20/2025 |
|
EUR |
7,180 |
|
|
|
7,992 |
|
| Reg. S, 5.00%, 04/15/2028 |
|
EUR |
13,542 |
|
|
|
15,241 |
|
| Reg. S, 5.75%, 07/08/2032 |
|
EUR |
400 |
|
|
|
452 |
|
| Sprint Capital Corp., |
|
|
|
|
|
|
|
|
| 6.88%, 11/15/2028 |
|
|
893 |
|
|
|
975 |
|
| 8.75%, 03/15/2032 |
|
|
575 |
|
|
|
713 |
|
| Sprint LLC, 7.63%, 02/15/2025 |
|
|
1,390 |
|
|
|
1,394 |
|
| Telecom Italia SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 1.63%, 01/18/2029 |
|
EUR |
13,981 |
|
|
|
14,237 |
|
| Reg. S, 2.75%, 04/15/2025 |
|
EUR |
2,830 |
|
|
|
3,131 |
|
| Reg. S, 2.88%, 01/28/2026 |
|
EUR |
8,830 |
|
|
|
9,794 |
|
| Reg. S, 3.00%, 09/30/2025 |
|
EUR |
5,640 |
|
|
|
6,239 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Telecommunications — continued |
|
|
|
|
|
|
|
|
| Reg. S, 6.88%, 02/15/2028 |
|
EUR |
8,575 |
|
|
|
10,344 |
|
| Reg. S, 7.88%, 07/31/2028 |
|
EUR |
6,290 |
|
|
|
7,910 |
|
| Telefonica Europe BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 8 Year + 2.62%), 2.38%, 02/12/2029 (x) (aa) |
|
EUR |
12,500 |
|
|
|
12,714 |
|
| Reg. S, (EUR Swap Rate 8 Year + 3.07%), 2.88%, 06/24/2027 (x) (aa) |
|
EUR |
3,000 |
|
|
|
3,221 |
|
| Reg. S, (EUR Swap Rate 6 Year + 2.87%), 2.88%, 02/24/2028 (x) (aa) |
|
EUR |
5,100 |
|
|
|
5,409 |
|
| Reg. S, (EUR Swap Rate 8 Year + 2.97%), 3.88%, 06/22/2026 (x) (aa) |
|
EUR |
400 |
|
|
|
443 |
|
| Reg. S, (EUR Swap Rate 7 + 3.35%), 6.14%, 02/03/2030 (x) (aa) |
|
EUR |
200 |
|
|
|
238 |
|
| Reg. S, (ICE EURIBOR Swap Rate 8 Year + 3.62%), 6.75%, 06/07/2031 (x) (aa) |
|
EUR |
11,000 |
|
|
|
13,500 |
|
| Reg. S, (EUR Swap Rate 6 Year + 4.32%), 7.13%, 08/23/2028 (x) (aa) |
|
EUR |
200 |
|
|
|
244 |
|
| T-Mobile USA, Inc., |
|
|
|
|
|
|
|
|
| 2.25%, 02/15/2026 |
|
|
56 |
|
|
|
55 |
|
| 2.63%, 04/15/2026 |
|
|
36 |
|
|
|
35 |
|
| 3.75%, 04/15/2027 |
|
|
51 |
|
|
|
50 |
|
| Viasat, Inc., 5.63%, 09/15/2025 (e) |
|
|
9,800 |
|
|
|
9,759 |
|
| Viavi Solutions, Inc., 3.75%, 10/01/2029 (e) |
|
|
577 |
|
|
|
524 |
|
| Vmed O2 UK Financing I plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 01/31/2031 |
|
EUR |
12,703 |
|
|
|
13,075 |
|
| Reg. S, 4.00%, 01/31/2029 |
|
GBP |
100 |
|
|
|
120 |
|
| 4.25%, 01/31/2031 (e) |
|
|
303 |
|
|
|
268 |
|
| Reg. S, 4.50%, 07/15/2031 |
|
GBP |
11,787 |
|
|
|
13,592 |
|
| Reg. S, 5.63%, 04/15/2032 |
|
EUR |
8,341 |
|
|
|
9,382 |
|
| 7.75%, 04/15/2032 (e) |
|
|
4,100 |
|
|
|
4,210 |
|
| Vodafone Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 3.48%), 3.00%, 08/27/2080 (aa) |
|
EUR |
100 |
|
|
|
104 |
|
| (CMT Index 5 Year + 2.77%), 4.13%, 06/04/2081 (aa) |
|
|
400 |
|
|
|
362 |
|
| Reg. S, (GBP Swap Rate 5 Year + 3.27%), 4.88%, 10/03/2078 (aa) |
|
GBP |
200 |
|
|
|
265 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.49%), 6.50%, 08/30/2084 (aa) |
|
EUR |
100 |
|
|
|
122 |
|
| Reg. S, (UK Gilts 5 Year + 3.84%), 8.00%, 08/30/2086 (aa) |
|
GBP |
9,320 |
|
|
|
13,676 |
|
| Windstream Escrow LLC / Windstream Escrow Finance Corp., |
|
|
|
|
|
|
|
|
| 7.75%, 08/15/2028 (e) |
|
|
4,640 |
|
|
|
4,644 |
|
| 8.25%, 10/01/2031 (e) (w) |
|
|
4,146 |
|
|
|
4,216 |
|
| Zayo Group Holdings, Inc., |
|
|
|
|
|
|
|
|
| 4.00%, 03/01/2027 (e) |
|
|
9,960 |
|
|
|
8,907 |
|
| 6.13%, 03/01/2028 (e) |
|
|
4,732 |
|
|
|
3,928 |
|
| Zegona Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 6.75%, 07/15/2029 |
|
EUR |
600 |
|
|
|
697 |
|
| 8.63%, 07/15/2029 (e) |
|
|
3,935 |
|
|
|
4,201 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
609,530 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
1,051,913 |
|
|
|
|
|
|
|
|
|
|
| Consumer Cyclical — 13.3% |
|
|
|
|
|
|
|
|
| Airlines — 0.5% |
|
|
|
|
|
|
|
|
| Air Canada, (Canada), 3.88%, 08/15/2026 (e) |
|
|
1,285 |
|
|
|
1,251 |
|
| American Airlines, Inc., |
|
|
|
|
|
|
|
|
| 7.25%, 02/15/2028 (e) |
|
|
1,870 |
|
|
|
1,914 |
|
| 8.50%, 05/15/2029 (e) |
|
|
5,383 |
|
|
|
5,714 |
|
| American Airlines, Inc. / AAdvantage Loyalty IP Ltd., (Multinational), |
|
|
|
|
|
|
|
|
| 5.50%, 04/20/2026 (e) |
|
|
58 |
|
|
|
58 |
|
| 5.75%, 04/20/2029 (e) |
|
|
5,279 |
|
|
|
5,271 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Airlines — continued |
|
|
|
|
|
|
|
|
| Finnair OYJ, (Finland), Reg. S, 4.75%, 05/24/2029 |
|
EUR |
600 |
|
|
|
670 |
|
| Mileage Plus Holdings LLC / Mileage Plus Intellectual Property Assets Ltd., 6.50%, 06/20/2027 (e) |
|
|
483 |
|
|
|
489 |
|
| Singapore Airlines Ltd., (Singapore), |
|
|
|
|
|
|
|
|
| Reg. S, 3.00%, 07/20/2026 |
|
|
2,150 |
|
|
|
2,102 |
|
| Reg. S, 3.38%, 01/19/2029 |
|
|
6,200 |
|
|
|
5,955 |
|
| United Airlines 2014-1 Class A Pass Through Trust, Series A, 4.00%, 04/11/2026 |
|
|
315 |
|
|
|
310 |
|
| United Airlines Pass Through Trust, Series 20-1, Class A, 5.88%, 10/15/2027 |
|
|
529 |
|
|
|
539 |
|
| United Airlines, Inc., |
|
|
|
|
|
|
|
|
| 4.38%, 04/15/2026 (e) |
|
|
3,861 |
|
|
|
3,802 |
|
| 4.63%, 04/15/2029 (e) |
|
|
9,971 |
|
|
|
9,631 |
|
| VistaJet Malta Finance plc / Vista Management Holding, Inc., (Multinational), |
|
|
|
|
|
|
|
|
| 6.38%, 02/01/2030 (e) |
|
|
2,950 |
|
|
|
2,534 |
|
| 7.88%, 05/01/2027 (e) |
|
|
4,379 |
|
|
|
4,288 |
|
| 9.50%, 06/01/2028 (e) |
|
|
3,165 |
|
|
|
3,089 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47,617 |
|
|
|
|
|
|
|
|
|
|
| Apparel — 0.2% |
|
|
|
|
|
|
|
|
| Crocs, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 08/15/2031 (e) |
|
|
163 |
|
|
|
148 |
|
| 4.25%, 03/15/2029 (e) |
|
|
1,111 |
|
|
|
1,050 |
|
| Hanesbrands, Inc., |
|
|
|
|
|
|
|
|
| 4.88%, 05/15/2026 (e) |
|
|
695 |
|
|
|
689 |
|
| 9.00%, 02/15/2031 (e) |
|
|
100 |
|
|
|
108 |
|
| Kontoor Brands, Inc., 4.13%, 11/15/2029 (e) |
|
|
2,850 |
|
|
|
2,691 |
|
| Levi Strauss & Co., 3.50%, 03/01/2031 (e) |
|
|
2,079 |
|
|
|
1,884 |
|
| PVH Corp., 4.63%, 07/10/2025 |
|
|
190 |
|
|
|
189 |
|
| S&S Holdings LLC, 8.38%, 10/01/2031 (e) (w) |
|
|
856 |
|
|
|
863 |
|
| Tapestry, Inc., |
|
|
|
|
|
|
|
|
| 7.00%, 11/27/2026 |
|
|
207 |
|
|
|
214 |
|
| 7.05%, 11/27/2025 |
|
|
213 |
|
|
|
217 |
|
| Wolverine World Wide, Inc., 4.00%, 08/15/2029 (e) |
|
|
7,650 |
|
|
|
6,751 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14,804 |
|
|
|
|
|
|
|
|
|
|
| Auto Manufacturers — 0.4% |
|
|
|
|
|
|
|
|
| Aston Martin Capital Holdings Ltd., (Jersey), |
|
|
|
|
|
|
|
|
| 10.00%, 03/31/2029 (e) |
|
|
1,685 |
|
|
|
1,655 |
|
| Reg. S, 10.38%, 03/31/2029 |
|
GBP |
581 |
|
|
|
773 |
|
| Daimler Truck Finance North America LLC, |
|
|
|
|
|
|
|
|
| 5.13%, 09/25/2027 (e) |
|
|
244 |
|
|
|
249 |
|
| 5.60%, 08/08/2025 (e) |
|
|
503 |
|
|
|
507 |
|
| Ford Motor Credit Co. LLC, |
|
|
|
|
|
|
|
|
| 2.30%, 02/10/2025 |
|
|
628 |
|
|
|
621 |
|
| 3.38%, 11/13/2025 |
|
|
1,774 |
|
|
|
1,740 |
|
| 4.13%, 08/04/2025 |
|
|
200 |
|
|
|
198 |
|
| 4.27%, 01/09/2027 |
|
|
2,500 |
|
|
|
2,456 |
|
| 4.69%, 06/09/2025 |
|
|
200 |
|
|
|
199 |
|
| 5.13%, 06/16/2025 |
|
|
3,077 |
|
|
|
3,076 |
|
| 5.13%, 11/05/2026 |
|
|
816 |
|
|
|
820 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Auto Manufacturers — continued |
|
|
|
|
|
|
|
|
| 5.30%, 09/06/2029 |
|
|
652 |
|
|
|
650 |
|
| 5.80%, 03/08/2029 |
|
|
467 |
|
|
|
475 |
|
| 5.85%, 05/17/2027 |
|
|
1,347 |
|
|
|
1,371 |
|
| General Motors Financial Co., Inc., |
|
|
|
|
|
|
|
|
| 2.75%, 06/20/2025 |
|
|
1,000 |
|
|
|
984 |
|
| 4.35%, 01/17/2027 |
|
|
80 |
|
|
|
80 |
|
| 4.90%, 10/06/2029 |
|
|
408 |
|
|
|
408 |
|
| 5.35%, 07/15/2027 |
|
|
254 |
|
|
|
260 |
|
| 5.40%, 05/08/2027 |
|
|
242 |
|
|
|
247 |
|
| Series C, (CMT Index 5 Year + 5.00%), 5.70%, 09/30/2030 (x) (aa) |
|
|
735 |
|
|
|
719 |
|
| Hyundai Capital America, |
|
|
|
|
|
|
|
|
| 2.00%, 06/15/2028 (e) |
|
|
353 |
|
|
|
323 |
|
| 5.25%, 01/08/2027 (e) |
|
|
198 |
|
|
|
202 |
|
| 5.30%, 01/08/2029 (e) |
|
|
116 |
|
|
|
119 |
|
| 5.65%, 06/26/2026 (e) |
|
|
687 |
|
|
|
701 |
|
| 5.95%, 09/21/2026 (e) |
|
|
178 |
|
|
|
183 |
|
| 6.10%, 09/21/2028 (e) |
|
|
1,049 |
|
|
|
1,106 |
|
| 6.50%, 01/16/2029 (e) |
|
|
500 |
|
|
|
536 |
|
| Jaguar Land Rover Automotive plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.50%, 01/15/2026 |
|
EUR |
5,410 |
|
|
|
6,060 |
|
| 7.75%, 10/15/2025 (e) |
|
|
399 |
|
|
|
398 |
|
| JB Poindexter & Co., Inc., 8.75%, 12/15/2031 (e) |
|
|
1,845 |
|
|
|
1,952 |
|
| Nissan Motor Acceptance Co. LLC, |
|
|
|
|
|
|
|
|
| 2.00%, 03/09/2026 (e) |
|
|
194 |
|
|
|
185 |
|
| 6.95%, 09/15/2026 (e) |
|
|
658 |
|
|
|
680 |
|
| Nissan Motor Co. Ltd., (Japan), 3.52%, 09/17/2025 (e) |
|
|
1,000 |
|
|
|
983 |
|
| PM General Purchaser LLC, 9.50%, 10/01/2028 (e) |
|
|
5,885 |
|
|
|
5,989 |
|
| RCI Banque SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 2.85%), 2.63%, 02/18/2030 (aa) |
|
EUR |
1,600 |
|
|
|
1,764 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.75%), 5.50%, 10/09/2034 (aa) |
|
EUR |
200 |
|
|
|
227 |
|
| Volkswagen Group of America Finance LLC, |
|
|
|
|
|
|
|
|
| 4.90%, 08/14/2026 (e) |
|
|
200 |
|
|
|
201 |
|
| 5.40%, 03/20/2026 (e) |
|
|
511 |
|
|
|
517 |
|
| 5.70%, 09/12/2026 (e) |
|
|
222 |
|
|
|
227 |
|
| 5.80%, 09/12/2025 (e) |
|
|
281 |
|
|
|
284 |
|
| 6.00%, 11/16/2026 (e) |
|
|
200 |
|
|
|
206 |
|
| Wabash National Corp., 4.50%, 10/15/2028 (e) |
|
|
76 |
|
|
|
70 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
40,401 |
|
|
|
|
|
|
|
|
|
|
| Auto Parts & Equipment — 1.6% |
|
|
|
|
|
|
|
|
| Adient Global Holdings Ltd., (Jersey), |
|
|
|
|
|
|
|
|
| 4.88%, 08/15/2026 (e) |
|
|
1,313 |
|
|
|
1,302 |
|
| 7.00%, 04/15/2028 (e) |
|
|
3,050 |
|
|
|
3,141 |
|
| American Axle & Manufacturing, Inc., 6.50%, 04/01/2027 |
|
|
1,450 |
|
|
|
1,454 |
|
| Aptiv plc / Aptiv Global Financing DAC, (Jersey), (CMT Index 5 Year + 3.39%), 6.88%, 12/15/2054 (aa) |
|
|
7,730 |
|
|
|
7,789 |
|
| Clarios Global LP / Clarios US Finance Co., (Multinational), |
|
|
|
|
|
|
|
|
| Reg. S, 4.38%, 05/15/2026 |
|
EUR |
17,792 |
|
|
|
19,739 |
|
| 6.75%, 05/15/2028 (e) |
|
|
8,799 |
|
|
|
9,069 |
|
| 8.50%, 05/15/2027 (e) |
|
|
13,966 |
|
|
|
14,007 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Auto Parts & Equipment — continued |
|
|
|
|
|
|
|
|
| Dana Financing Luxembourg Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 3.00%, 07/15/2029 |
|
EUR |
200 |
|
|
|
196 |
|
| 5.75%, 04/15/2025 (e) |
|
|
74 |
|
|
|
74 |
|
| Reg. S, 8.50%, 07/15/2031 |
|
EUR |
3,236 |
|
|
|
3,834 |
|
| Dana, Inc., |
|
|
|
|
|
|
|
|
| 4.25%, 09/01/2030 |
|
|
1,950 |
|
|
|
1,759 |
|
| 4.50%, 02/15/2032 |
|
|
1,050 |
|
|
|
931 |
|
| 5.38%, 11/15/2027 |
|
|
275 |
|
|
|
273 |
|
| 5.63%, 06/15/2028 |
|
|
700 |
|
|
|
686 |
|
| Forvia SE, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 02/15/2027 |
|
EUR |
9,308 |
|
|
|
9,948 |
|
| Reg. S, 3.13%, 06/15/2026 |
|
EUR |
5,120 |
|
|
|
5,600 |
|
| Reg. S, 5.50%, 06/15/2031 |
|
EUR |
228 |
|
|
|
252 |
|
| Reg. S, 7.25%, 06/15/2026 |
|
EUR |
463 |
|
|
|
533 |
|
| Garrett Motion Holdings, Inc. / Garrett LX I Sarl, 7.75%, 05/31/2032 (e) |
|
|
4,499 |
|
|
|
4,605 |
|
| Goodyear Europe BV, (Netherlands), Reg. S, 2.75%, 08/15/2028 |
|
EUR |
424 |
|
|
|
427 |
|
| Goodyear Tire & Rubber Co. (The), |
|
|
|
|
|
|
|
|
| 5.00%, 07/15/2029 |
|
|
678 |
|
|
|
624 |
|
| 5.63%, 04/30/2033 |
|
|
406 |
|
|
|
358 |
|
| 9.50%, 05/31/2025 |
|
|
117 |
|
|
|
117 |
|
| IHO Verwaltungs GmbH, (Germany), Reg. S, 8.75% (cash), 05/15/2028 (v) |
|
EUR |
6,114 |
|
|
|
7,148 |
|
| LG Energy Solution Ltd., (South Korea), |
|
|
|
|
|
|
|
|
| 5.38%, 07/02/2029 (e) |
|
|
3,600 |
|
|
|
3,687 |
|
| Reg. S, 5.38%, 07/02/2029 |
|
|
400 |
|
|
|
410 |
|
| Mahle GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.38%, 05/14/2028 |
|
EUR |
700 |
|
|
|
674 |
|
| Reg. S, 6.50%, 05/02/2031 |
|
EUR |
197 |
|
|
|
213 |
|
| Phinia, Inc., |
|
|
|
|
|
|
|
|
| 6.63%, 10/15/2032 (e) |
|
|
2,197 |
|
|
|
2,218 |
|
| 6.75%, 04/15/2029 (e) |
|
|
2,115 |
|
|
|
2,183 |
|
| Schaeffler AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 10/12/2025 |
|
EUR |
10,300 |
|
|
|
11,350 |
|
| Reg. S, 4.50%, 08/14/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, 4.75%, 08/14/2029 |
|
EUR |
100 |
|
|
|
112 |
|
| SK On Co. Ltd., (South Korea), Reg. S, 5.38%, 05/11/2026 |
|
|
3,100 |
|
|
|
3,141 |
|
| Tenneco, Inc., 8.00%, 11/17/2028 (e) |
|
|
12,551 |
|
|
|
11,653 |
|
| Titan International, Inc., 7.00%, 04/30/2028 |
|
|
3,875 |
|
|
|
3,857 |
|
| ZF Europe Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 02/23/2026 |
|
EUR |
9,500 |
|
|
|
10,230 |
|
| Reg. S, 3.00%, 10/23/2029 |
|
EUR |
4,300 |
|
|
|
4,267 |
|
| Reg. S, 4.75%, 01/31/2029 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 6.13%, 03/13/2029 |
|
EUR |
700 |
|
|
|
794 |
|
| ZF Finance GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 3.75%, 09/21/2028 |
|
EUR |
10,900 |
|
|
|
11,409 |
|
| Reg. S, 5.75%, 08/03/2026 |
|
EUR |
100 |
|
|
|
113 |
|
| ZF North America Capital, Inc., |
|
|
|
|
|
|
|
|
| 4.75%, 04/29/2025 (e) |
|
|
1,624 |
|
|
|
1,609 |
|
| 6.88%, 04/14/2028 (e) |
|
|
450 |
|
|
|
457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
162,464 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Distribution/Wholesale — 0.4% |
|
|
|
|
|
|
|
|
| American Builders & Contractors Supply Co., Inc., 3.88%, 11/15/2029 (e) |
|
|
45 |
|
|
|
42 |
|
| Azelis Finance NV, (Belgium), 4.75%, 09/25/2029 (e) |
|
EUR |
5,630 |
|
|
|
6,374 |
|
| BCPE Empire Holdings, Inc., 7.63%, 05/01/2027 (e) |
|
|
4,599 |
|
|
|
4,614 |
|
| Dealer Tire LLC / DT Issuer LLC, 8.00%, 02/01/2028 (e) |
|
|
186 |
|
|
|
185 |
|
| Gates Corp., 6.88%, 07/01/2029 (e) |
|
|
3,046 |
|
|
|
3,155 |
|
| Green Bidco SA, (Spain), Reg. S, 10.25%, 07/15/2028 |
|
EUR |
2,500 |
|
|
|
2,658 |
|
| H&E Equipment Services, Inc., 3.88%, 12/15/2028 (e) |
|
|
8,875 |
|
|
|
8,332 |
|
| Mitsubishi Corp., (Japan), 5.00%, 07/02/2029 (e) |
|
|
279 |
|
|
|
289 |
|
| Resideo Funding, Inc., |
|
|
|
|
|
|
|
|
| 4.00%, 09/01/2029 (e) |
|
|
218 |
|
|
|
205 |
|
| 6.50%, 07/15/2032 (e) |
|
|
4,508 |
|
|
|
4,628 |
|
| Ritchie Bros Holdings, Inc., |
|
|
|
|
|
|
|
|
| 6.75%, 03/15/2028 (e) |
|
|
275 |
|
|
|
284 |
|
| 7.75%, 03/15/2031 (e) |
|
|
875 |
|
|
|
932 |
|
| Velocity Vehicle Group LLC, 8.00%, 06/01/2029 (e) |
|
|
460 |
|
|
|
479 |
|
| Windsor Holdings III LLC, 8.50%, 06/15/2030 (e) |
|
|
3,250 |
|
|
|
3,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35,653 |
|
|
|
|
|
|
|
|
|
|
| Entertainment — 2.9% |
|
|
|
|
|
|
|
|
| 888 Acquisitions Ltd., (Gibraltar), Reg. S, 7.56%, 07/15/2027 |
|
EUR |
4,350 |
|
|
|
4,743 |
|
| Allwyn Entertainment Financing UK plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 7.25%, 04/30/2030 |
|
EUR |
10,192 |
|
|
|
12,054 |
|
| 7.88%, 04/30/2029 (e) |
|
|
666 |
|
|
|
701 |
|
| Banijay Entertainment SAS, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 7.00%, 05/01/2029 |
|
EUR |
9,660 |
|
|
|
11,304 |
|
| 8.13%, 05/01/2029 (e) |
|
|
410 |
|
|
|
426 |
|
| Banijay SAS, (France), Reg. S, 6.50%, 03/01/2026 |
|
EUR |
4,000 |
|
|
|
4,462 |
|
| Boyne USA, Inc., 4.75%, 05/15/2029 (e) |
|
|
3,911 |
|
|
|
3,759 |
|
| Caesars Entertainment, Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 10/15/2029 (e) |
|
|
16,744 |
|
|
|
15,925 |
|
| 6.50%, 02/15/2032 (e) |
|
|
11,112 |
|
|
|
11,494 |
|
| 7.00%, 02/15/2030 (e) |
|
|
16,819 |
|
|
|
17,567 |
|
| 8.13%, 07/01/2027 (e) |
|
|
1,878 |
|
|
|
1,917 |
|
| CCM Merger, Inc., |
|
|
|
|
|
|
|
|
| 6.38%, 05/01/2026 (e) |
|
|
1,995 |
|
|
|
1,992 |
|
| Churchill Downs, Inc., |
|
|
|
|
|
|
|
|
| 4.75%, 01/15/2028 (e) |
|
|
5,851 |
|
|
|
5,737 |
|
| 5.75%, 04/01/2030 (e) |
|
|
11,408 |
|
|
|
11,410 |
|
| 6.75%, 05/01/2031 (e) |
|
|
4,763 |
|
|
|
4,918 |
|
| Cinemark USA, Inc., 7.00%, 08/01/2032 (e) |
|
|
1,402 |
|
|
|
1,464 |
|
| Cirsa Finance International Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 6.50%, 03/15/2029 |
|
EUR |
5,511 |
|
|
|
6,423 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.50%), 8.14%, 07/31/2028 (aa) |
|
EUR |
8,146 |
|
|
|
9,159 |
|
| CPUK Finance Ltd., (Jersey), |
|
|
|
|
|
|
|
|
| Reg. S, 3.59%, 08/28/2025 |
|
GBP |
116 |
|
|
|
153 |
|
| Reg. S, 4.50%, 08/28/2027 |
|
GBP |
100 |
|
|
|
125 |
|
| Reg. S, 7.88%, 08/28/2029 |
|
GBP |
100 |
|
|
|
137 |
|
| Everi Holdings, Inc., 5.00%, 07/15/2029 (e) |
|
|
674 |
|
|
|
671 |
|
| Flutter Treasury DAC, (Ireland), 6.38%, 04/29/2029 (e) |
|
|
1,405 |
|
|
|
1,455 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Entertainment — continued |
|
|
|
|
|
|
|
|
| Inter Media and Communication SpA, (Italy), Reg. S, 6.75%, 02/09/2027 |
|
EUR |
198 |
|
|
|
224 |
|
| International Game Technology plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.50%, 06/15/2026 |
|
EUR |
15,540 |
|
|
|
17,236 |
|
| 5.25%, 01/15/2029 (e) |
|
|
655 |
|
|
|
654 |
|
| Jacobs Entertainment, Inc., |
|
|
|
|
|
|
|
|
| 6.75%, 02/15/2029 (e) |
|
|
8,050 |
|
|
|
7,832 |
|
| Light & Wonder International, Inc., 7.50%, 09/01/2031 (e) |
|
|
2,501 |
|
|
|
2,623 |
|
| Lions Gate Capital Holdings 1, Inc., 5.50%, 04/15/2029 (e) |
|
|
2,507 |
|
|
|
2,251 |
|
| Live Nation Entertainment, Inc., |
|
|
|
|
|
|
|
|
| 3.75%, 01/15/2028 (e) |
|
|
410 |
|
|
|
394 |
|
| 4.75%, 10/15/2027 (e) |
|
|
5,016 |
|
|
|
4,941 |
|
| Lottomatica SpA, (Italy), |
|
|
|
|
|
|
|
|
| 5.38%, 06/01/2030 (e) |
|
EUR |
12,313 |
|
|
|
14,193 |
|
| Reg. S, 7.13%, 06/01/2028 |
|
EUR |
9,190 |
|
|
|
10,767 |
|
| Merlin Entertainments Group US Holdings, Inc., 7.38%, 02/15/2031 (e) |
|
|
5,839 |
|
|
|
5,862 |
|
| Merlin Entertainments Ltd., (United Kingdom), 5.75%, 06/15/2026 (e) |
|
|
1,000 |
|
|
|
988 |
|
| Midwest Gaming Borrower LLC / Midwest Gaming Finance Corp., 4.88%, 05/01/2029 (e) |
|
|
4,699 |
|
|
|
4,505 |
|
| Motion Finco Sarl, (Luxembourg), Reg. S, 7.38%, 06/15/2030 |
|
EUR |
9,542 |
|
|
|
10,748 |
|
| Odeon Finco plc, (United Kingdom), 12.75%, 11/01/2027 (e) |
|
|
2,331 |
|
|
|
2,449 |
|
| Penn Entertainment, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 07/01/2029 (e) |
|
|
2,654 |
|
|
|
2,416 |
|
| 5.63%, 01/15/2027 (e) |
|
|
4,309 |
|
|
|
4,268 |
|
| Pinewood Finco plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 3.63%, 11/15/2027 |
|
GBP |
400 |
|
|
|
505 |
|
| Reg. S, 6.00%, 03/27/2030 |
|
GBP |
17,631 |
|
|
|
23,637 |
|
| Premier Entertainment Sub LLC / Premier Entertainment Finance Corp., |
|
|
|
|
|
|
|
|
| 5.63%, 09/01/2029 (e) |
|
|
1,409 |
|
|
|
1,055 |
|
| 5.88%, 09/01/2031 (e) |
|
|
2,911 |
|
|
|
1,987 |
|
| Raptor Acquisition Corp. / Raptor Co-Issuer LLC, 4.88%, 11/01/2026 (e) |
|
|
725 |
|
|
|
704 |
|
| Scientific Games Holdings LP / Scientific Games US FinCo., Inc., 6.63%, 03/01/2030 (e) |
|
|
5,434 |
|
|
|
5,395 |
|
| Six Flags Entertainment Corp., 7.25%, 05/15/2031 (e) |
|
|
8,274 |
|
|
|
8,570 |
|
| Six Flags Entertainment Corp. / Six Flags Theme Parks, Inc., 6.63%, 05/01/2032 (e) |
|
|
638 |
|
|
|
661 |
|
| Vail Resorts, Inc., 6.50%, 05/15/2032 (e) |
|
|
4,158 |
|
|
|
4,344 |
|
| Warnermedia Holdings, Inc., |
|
|
|
|
|
|
|
|
| 3.76%, 03/15/2027 |
|
|
2,079 |
|
|
|
2,010 |
|
| 3.79%, 03/15/2025 |
|
|
112 |
|
|
|
111 |
|
| 4.05%, 03/15/2029 |
|
|
172 |
|
|
|
162 |
|
| 6.41%, 03/15/2026 |
|
|
1,145 |
|
|
|
1,146 |
|
| Wynn Resorts Finance LLC / Wynn Resorts Capital Corp., |
|
|
|
|
|
|
|
|
| 5.13%, 10/01/2029 (e) |
|
|
13,869 |
|
|
|
13,696 |
|
| 6.25%, 03/15/2033 (e) |
|
|
3,474 |
|
|
|
3,523 |
|
| 7.13%, 02/15/2031 (e) |
|
|
5,227 |
|
|
|
5,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
293,488 |
|
|
|
|
|
|
|
|
|
|
| Food Service — 0.0% (g) |
|
|
|
|
|
|
|
|
| Aramark International Finance Sarl, (Luxembourg), Reg. S, 3.13%, 04/01/2025 |
|
EUR |
693 |
|
|
|
767 |
|
| Aramark Services, Inc., 5.00%, 02/01/2028 (e) |
|
|
2,611 |
|
|
|
2,603 |
|
| Elior Group SA, (France), Reg. S, 3.75%, 07/15/2026 |
|
EUR |
200 |
|
|
|
220 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,590 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Home Builders — 1.2% |
|
|
|
|
|
|
|
|
| Ashton Woods USA LLC / Ashton Woods Finance Co., |
|
|
|
|
|
|
|
|
| 4.63%, 08/01/2029 (e) |
|
|
3,733 |
|
|
|
3,583 |
|
| 4.63%, 04/01/2030 (e) |
|
|
2,650 |
|
|
|
2,537 |
|
| 6.63%, 01/15/2028 (e) |
|
|
1,575 |
|
|
|
1,589 |
|
| Beazer Homes USA, Inc., |
|
|
|
|
|
|
|
|
| 5.88%, 10/15/2027 |
|
|
5,850 |
|
|
|
5,852 |
|
| 7.25%, 10/15/2029 |
|
|
7,775 |
|
|
|
7,980 |
|
| 7.50%, 03/15/2031 (e) |
|
|
1,741 |
|
|
|
1,806 |
|
| Brookfield Residential Properties, Inc. / Brookfield Residential US LLC, (Canada), |
|
|
|
|
|
|
|
|
| 4.88%, 02/15/2030 (e) |
|
|
11,238 |
|
|
|
10,578 |
|
| 5.00%, 06/15/2029 (e) |
|
|
4,211 |
|
|
|
4,036 |
|
| 6.25%, 09/15/2027 (e) |
|
|
2,325 |
|
|
|
2,321 |
|
| Dream Finders Homes, Inc., 8.25%, 08/15/2028 (e) |
|
|
517 |
|
|
|
546 |
|
| Empire Communities Corp., (Canada), 9.75%, 05/01/2029 (e) |
|
|
3,417 |
|
|
|
3,648 |
|
| Forestar Group, Inc., |
|
|
|
|
|
|
|
|
| 3.85%, 05/15/2026 (e) |
|
|
2,475 |
|
|
|
2,420 |
|
| 5.00%, 03/01/2028 (e) |
|
|
3,525 |
|
|
|
3,433 |
|
| K Hovnanian Enterprises, Inc., 11.75%, 09/30/2029 (e) |
|
|
3,555 |
|
|
|
3,954 |
|
| KB Home, |
|
|
|
|
|
|
|
|
| 4.00%, 06/15/2031 |
|
|
1,450 |
|
|
|
1,342 |
|
| 4.80%, 11/15/2029 |
|
|
3,125 |
|
|
|
3,083 |
|
| 6.88%, 06/15/2027 |
|
|
698 |
|
|
|
727 |
|
| 7.25%, 07/15/2030 |
|
|
400 |
|
|
|
418 |
|
| Landsea Homes Corp., 8.88%, 04/01/2029 (e) |
|
|
3,695 |
|
|
|
3,897 |
|
| LGI Homes, Inc., 8.75%, 12/15/2028 (e) |
|
|
585 |
|
|
|
626 |
|
| M/I Homes, Inc., |
|
|
|
|
|
|
|
|
| 3.95%, 02/15/2030 |
|
|
1,400 |
|
|
|
1,307 |
|
| 4.95%, 02/01/2028 |
|
|
2,568 |
|
|
|
2,524 |
|
| Mattamy Group Corp., (Canada), |
|
|
|
|
|
|
|
|
| 4.63%, 03/01/2030 (e) |
|
|
4,842 |
|
|
|
4,637 |
|
| 5.25%, 12/15/2027 (e) |
|
|
6,734 |
|
|
|
6,695 |
|
| Meritage Homes Corp., 3.88%, 04/15/2029 (e) |
|
|
406 |
|
|
|
388 |
|
| Miller Homes Group Finco plc, (United Kingdom), Reg. S, 7.00%, 05/15/2029 |
|
GBP |
9,423 |
|
|
|
12,252 |
|
| New Home Co., Inc. (The), 9.25%, 10/01/2029 (e) |
|
|
2,886 |
|
|
|
3,038 |
|
| Shea Homes LP / Shea Homes Funding Corp., |
|
|
|
|
|
|
|
|
| 4.75%, 02/15/2028 |
|
|
3,800 |
|
|
|
3,717 |
|
| 4.75%, 04/01/2029 |
|
|
3,225 |
|
|
|
3,125 |
|
| STL Holding Co. LLC, 8.75%, 02/15/2029 (e) |
|
|
2,660 |
|
|
|
2,830 |
|
| Taylor Morrison Communities, Inc., |
|
|
|
|
|
|
|
|
| 5.13%, 08/01/2030 (e) |
|
|
4,021 |
|
|
|
3,995 |
|
| 5.75%, 01/15/2028 (e) |
|
|
1,900 |
|
|
|
1,933 |
|
| 5.88%, 06/15/2027 (e) |
|
|
3,595 |
|
|
|
3,670 |
|
| Tri Pointe Homes, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 06/01/2027 |
|
|
450 |
|
|
|
450 |
|
| 5.70%, 06/15/2028 |
|
|
3,976 |
|
|
|
4,048 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
118,985 |
|
|
|
|
|
|
|
|
|
|
| Home Furnishings — 0.0% (g) |
|
|
|
|
|
|
|
|
| Leggett & Platt, Inc., 3.50%, 11/15/2027 |
|
|
87 |
|
|
|
84 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Home Furnishings — continued |
|
|
|
|
|
|
|
|
| Tempur Sealy International, Inc., |
|
|
|
|
|
|
|
|
| 3.88%, 10/15/2031 (e) |
|
|
135 |
|
|
|
120 |
|
| 4.00%, 04/15/2029 (e) |
|
|
3,253 |
|
|
|
3,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,238 |
|
|
|
|
|
|
|
|
|
|
| Housewares — 0.3% |
|
|
|
|
|
|
|
|
| CD&R Smokey Buyer, Inc., 6.75%, 07/15/2025 (e) |
|
|
1,230 |
|
|
|
1,230 |
|
| CD&R Smokey Buyer, Inc. / Radio Systems Corp., 9.50%, 10/15/2029 (e) (w) |
|
|
4,006 |
|
|
|
4,016 |
|
| Scotts Miracle-Gro Co. (The), |
|
|
|
|
|
|
|
|
| 4.00%, 04/01/2031 |
|
|
5,541 |
|
|
|
5,079 |
|
| 4.38%, 02/01/2032 |
|
|
9,413 |
|
|
|
8,723 |
|
| 4.50%, 10/15/2029 |
|
|
1,948 |
|
|
|
1,873 |
|
| SWF Holdings I Corp., 6.50%, 10/01/2029 (e) |
|
|
7,600 |
|
|
|
4,826 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,747 |
|
|
|
|
|
|
|
|
|
|
| Leisure Time — 2.1% |
|
|
|
|
|
|
|
|
| Acushnet Co., 7.38%, 10/15/2028 (e) |
|
|
153 |
|
|
|
161 |
|
| Amer Sports Co., 6.75%, 02/16/2031 (e) |
|
|
4,580 |
|
|
|
4,695 |
|
| Carnival Corp., (Panama), |
|
|
|
|
|
|
|
|
| 4.00%, 08/01/2028 (e) |
|
|
16,116 |
|
|
|
15,553 |
|
| 5.75%, 03/01/2027 (e) |
|
|
8,615 |
|
|
|
8,728 |
|
| Reg. S, 5.75%, 01/15/2030 |
|
EUR |
6,869 |
|
|
|
8,187 |
|
| 6.00%, 05/01/2029 (e) |
|
|
7,628 |
|
|
|
7,727 |
|
| 7.00%, 08/15/2029 (e) |
|
|
617 |
|
|
|
656 |
|
| Carnival Holdings Bermuda Ltd., (Bermuda), 10.38%, 05/01/2028 (e) |
|
|
19,555 |
|
|
|
21,128 |
|
| Carnival plc, (United Kingdom), 1.00%, 10/28/2029 |
|
EUR |
100 |
|
|
|
97 |
|
| Deuce Finco Plc, (United Kingdom), Reg. S, 5.50%, 06/15/2027 |
|
GBP |
513 |
|
|
|
673 |
|
| Lindblad Expeditions Holdings, Inc., 9.00%, 05/15/2028 (e) |
|
|
4,652 |
|
|
|
4,867 |
|
| Lindblad Expeditions LLC, 6.75%, 02/15/2027 (e) |
|
|
2,122 |
|
|
|
2,136 |
|
| MajorDrive Holdings IV LLC, 6.38%, 06/01/2029 (e) |
|
|
2,816 |
|
|
|
2,739 |
|
| NCL Corp. Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| 3.63%, 12/15/2024 (e) |
|
|
117 |
|
|
|
116 |
|
| 5.88%, 03/15/2026 (e) |
|
|
12,006 |
|
|
|
12,018 |
|
| 5.88%, 02/15/2027 (e) |
|
|
2,800 |
|
|
|
2,810 |
|
| 6.25%, 03/01/2030 (e) |
|
|
4,577 |
|
|
|
4,579 |
|
| 7.75%, 02/15/2029 (e) |
|
|
5,912 |
|
|
|
6,336 |
|
| 8.13%, 01/15/2029 (e) |
|
|
832 |
|
|
|
890 |
|
| 8.38%, 02/01/2028 (e) |
|
|
1,884 |
|
|
|
1,979 |
|
| NCL Finance Ltd., (Bermuda), 6.13%, 03/15/2028 (e) |
|
|
4,308 |
|
|
|
4,394 |
|
| Pinnacle Bidco plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 8.25%, 10/11/2028 |
|
EUR |
7,444 |
|
|
|
8,781 |
|
| Reg. S, 10.00%, 10/11/2028 |
|
GBP |
7,820 |
|
|
|
11,148 |
|
| Royal Caribbean Cruises Ltd., (Liberia), |
|
|
|
|
|
|
|
|
| 4.25%, 07/01/2026 (e) |
|
|
589 |
|
|
|
582 |
|
| 5.50%, 08/31/2026 (e) |
|
|
425 |
|
|
|
429 |
|
| 5.50%, 04/01/2028 (e) |
|
|
6,416 |
|
|
|
6,499 |
|
| 5.63%, 09/30/2031 (e) |
|
|
12,332 |
|
|
|
12,513 |
|
| 6.00%, 02/01/2033 (e) |
|
|
13,104 |
|
|
|
13,432 |
|
| 6.25%, 03/15/2032 (e) |
|
|
935 |
|
|
|
970 |
|
| Sabre GLBL, Inc., |
|
|
|
|
|
|
|
|
| 8.63%, 06/01/2027 (e) |
|
|
5,494 |
|
|
|
5,387 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Leisure Time — continued |
|
|
|
|
|
|
|
|
| 11.25%, 12/15/2027 (e) |
|
|
150 |
|
|
|
156 |
|
| TUI AG, (Germany), Reg. S, 5.88%, 03/15/2029 |
|
EUR |
5,992 |
|
|
|
6,949 |
|
| TUI Cruises GmbH, (Germany), Reg. S, 6.25%, 04/15/2029 |
|
EUR |
4,372 |
|
|
|
5,122 |
|
| Viking Cruises Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| 5.88%, 09/15/2027 (e) |
|
|
5,488 |
|
|
|
5,484 |
|
| 6.25%, 05/15/2025 (e) |
|
|
500 |
|
|
|
499 |
|
| 7.00%, 02/15/2029 (e) |
|
|
2,475 |
|
|
|
2,506 |
|
| 9.13%, 07/15/2031 (e) |
|
|
12,437 |
|
|
|
13,646 |
|
| Viking Ocean Cruises Ship VII Ltd., (Bermuda), 5.63%, 02/15/2029 (e) |
|
|
3,997 |
|
|
|
3,989 |
|
| Vista Outdoor, Inc., 4.50%, 03/15/2029 (e) |
|
|
200 |
|
|
|
199 |
|
| VOC Escrow Ltd., (Bermuda), 5.00%, 02/15/2028 (e) |
|
|
2,890 |
|
|
|
2,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
211,617 |
|
|
|
|
|
|
|
|
|
|
| Lodging — 1.2% |
|
|
|
|
|
|
|
|
| Accor SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 3.25%), 2.63%, 01/30/2025 (x) (aa) |
|
EUR |
8,000 |
|
|
|
8,832 |
|
| Reg. S, (EUR Swap Rate 5 Year + 4.11%), 7.25%, 01/11/2029 (x) (aa) |
|
EUR |
200 |
|
|
|
246 |
|
| AccorInvest Group SA, (Luxembourg), 6.38%, 10/15/2029 (e) (w) |
|
EUR |
7,540 |
|
|
|
8,688 |
|
| Boyd Gaming Corp., 4.75%, 06/15/2031 (e) |
|
|
4,500 |
|
|
|
4,297 |
|
| Fortune Star BVI Ltd., (British Virgin Islands), |
|
|
|
|
|
|
|
|
| Reg. S, 3.95%, 10/02/2026 |
|
EUR |
1,800 |
|
|
|
1,855 |
|
| Reg. S, 5.00%, 05/18/2026 |
|
|
1,600 |
|
|
|
1,516 |
|
| Reg. S, 5.05%, 01/27/2027 |
|
|
2,700 |
|
|
|
2,521 |
|
| Reg. S, 5.95%, 10/19/2025 |
|
|
700 |
|
|
|
684 |
|
| Hilton Domestic Operating Co., Inc., |
|
|
|
|
|
|
|
|
| 3.63%, 02/15/2032 (e) |
|
|
4,977 |
|
|
|
4,497 |
|
| 3.75%, 05/01/2029 (e) |
|
|
603 |
|
|
|
572 |
|
| 4.88%, 01/15/2030 |
|
|
949 |
|
|
|
937 |
|
| 5.88%, 04/01/2029 (e) |
|
|
1,200 |
|
|
|
1,230 |
|
| 5.88%, 03/15/2033 (e) |
|
|
7,031 |
|
|
|
7,165 |
|
| 6.13%, 04/01/2032 (e) |
|
|
2,727 |
|
|
|
2,809 |
|
| Hyatt Hotels Corp., 5.25%, 06/30/2029 |
|
|
216 |
|
|
|
221 |
|
| Las Vegas Sands Corp., |
|
|
|
|
|
|
|
|
| 2.90%, 06/25/2025 |
|
|
966 |
|
|
|
949 |
|
| 3.50%, 08/18/2026 |
|
|
620 |
|
|
|
607 |
|
| 3.90%, 08/08/2029 |
|
|
18 |
|
|
|
17 |
|
| 5.90%, 06/01/2027 |
|
|
140 |
|
|
|
144 |
|
| Melco Resorts Finance Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 4.88%, 06/06/2025 (e) |
|
|
2,200 |
|
|
|
2,180 |
|
| 5.38%, 12/04/2029 (e) |
|
|
5,557 |
|
|
|
5,191 |
|
| 5.63%, 07/17/2027 (e) |
|
|
200 |
|
|
|
195 |
|
| 5.75%, 07/21/2028 (e) |
|
|
1,200 |
|
|
|
1,159 |
|
| 7.63%, 04/17/2032 (e) |
|
|
1,952 |
|
|
|
2,012 |
|
| MGM China Holdings Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 4.75%, 02/01/2027 (e) |
|
|
2,333 |
|
|
|
2,267 |
|
| 5.88%, 05/15/2026 (e) |
|
|
200 |
|
|
|
199 |
|
| 7.13%, 06/26/2031 (e) |
|
|
714 |
|
|
|
735 |
|
| MGM Resorts International, |
|
|
|
|
|
|
|
|
| 4.63%, 09/01/2026 |
|
|
450 |
|
|
|
447 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Lodging — continued |
|
|
|
|
|
|
|
|
| 4.75%, 10/15/2028 |
|
|
6,726 |
|
|
|
6,591 |
|
| 5.50%, 04/15/2027 |
|
|
4,600 |
|
|
|
4,616 |
|
| 5.75%, 06/15/2025 |
|
|
475 |
|
|
|
477 |
|
| 6.13%, 09/15/2029 |
|
|
4,908 |
|
|
|
4,972 |
|
| 6.50%, 04/15/2032 |
|
|
4,555 |
|
|
|
4,641 |
|
| Motel One GmbH, (Germany), Reg. S, 7.75%, 04/02/2031 |
|
EUR |
4,977 |
|
|
|
5,838 |
|
| Sani/Ikos Financial Holdings 1 Sarl, (Luxembourg), 7.25%, 07/31/2030 (e) |
|
EUR |
4,690 |
|
|
|
5,359 |
|
| Station Casinos LLC, |
|
|
|
|
|
|
|
|
| 4.50%, 02/15/2028 (e) |
|
|
2,684 |
|
|
|
2,592 |
|
| 4.63%, 12/01/2031 (e) |
|
|
2,898 |
|
|
|
2,688 |
|
| 6.63%, 03/15/2032 (e) |
|
|
1,400 |
|
|
|
1,431 |
|
| Sugarhouse HSP Gaming Prop Mezz LP / Sugarhouse HSP Gaming Finance Corp., 5.88%, 05/15/2025 (e) |
|
|
2,751 |
|
|
|
2,742 |
|
| Wynn Macau Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 5.13%, 12/15/2029 (e) |
|
|
3,137 |
|
|
|
2,947 |
|
| 5.50%, 01/15/2026 (e) |
|
|
1,000 |
|
|
|
992 |
|
| 5.50%, 10/01/2027 (e) |
|
|
1,830 |
|
|
|
1,789 |
|
| 5.63%, 08/26/2028 (e) |
|
|
15,637 |
|
|
|
15,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125,047 |
|
|
|
|
|
|
|
|
|
|
| Retail — 2.5% |
|
|
|
|
|
|
|
|
| 1011778 BC ULC / New Red Finance, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 3.50%, 02/15/2029 (e) |
|
|
2,025 |
|
|
|
1,898 |
|
| 3.88%, 01/15/2028 (e) |
|
|
1,115 |
|
|
|
1,072 |
|
| 4.00%, 10/15/2030 (e) |
|
|
12,604 |
|
|
|
11,624 |
|
| 4.38%, 01/15/2028 (e) |
|
|
767 |
|
|
|
745 |
|
| 5.63%, 09/15/2029 (e) |
|
|
2,030 |
|
|
|
2,062 |
|
| Afflelou SAS, (France), Reg. S, 6.00%, 07/25/2029 |
|
EUR |
654 |
|
|
|
748 |
|
| Arko Corp., 5.13%, 11/15/2029 (e) |
|
|
3,925 |
|
|
|
3,649 |
|
| Asbury Automotive Group, Inc., |
|
|
|
|
|
|
|
|
| 4.75%, 03/01/2030 |
|
|
3 |
|
|
|
3 |
|
| 5.00%, 02/15/2032 (e) |
|
|
270 |
|
|
|
256 |
|
| BCPE Ulysses Intermediate, Inc., 7.75% (cash), 04/01/2027 (e) (v) |
|
|
1,950 |
|
|
|
1,930 |
|
| Beacon Roofing Supply, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 05/15/2029 (e) |
|
|
768 |
|
|
|
723 |
|
| 6.50%, 08/01/2030 (e) |
|
|
1,192 |
|
|
|
1,234 |
|
| Bertrand Franchise Finance SAS, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 6.50%, 07/18/2030 |
|
EUR |
600 |
|
|
|
692 |
|
| 6.50%, 07/18/2030 (e) |
|
EUR |
6,223 |
|
|
|
7,173 |
|
| Brinker International, Inc., |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/2024 (e) |
|
|
643 |
|
|
|
643 |
|
| 8.25%, 07/15/2030 (e) |
|
|
3,625 |
|
|
|
3,895 |
|
| Bubbles Bidco SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 6.50%, 09/30/2031 (w) |
|
EUR |
338 |
|
|
|
376 |
|
| 6.50%, 09/30/2031 (e) (w) |
|
EUR |
11,705 |
|
|
|
13,038 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.25%), 7.58%, 09/30/2031 (w) (aa) |
|
EUR |
331 |
|
|
|
368 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Retail — continued |
|
|
|
|
|
|
|
|
| Carvana Co., |
|
|
|
|
|
|
|
|
| 12.00% (PIK), 12/01/2028 (e) (v) |
|
|
1,876 |
|
|
|
1,970 |
|
| 13.00% (PIK), 06/01/2030 (e) (v) |
|
|
12,258 |
|
|
|
13,341 |
|
| 14.00% (PIK), 06/01/2031 (e) (v) |
|
|
13,433 |
|
|
|
15,823 |
|
| CD&R Firefly Bidco plc, (United Kingdom), Reg. S, 8.63%, 04/30/2029 |
|
GBP |
570 |
|
|
|
788 |
|
| CEC Entertainment LLC, 6.75%, 05/01/2026 (e) |
|
|
992 |
|
|
|
985 |
|
| Cougar JV Subsidiary LLC, 8.00%, 05/15/2032 (e) |
|
|
3,544 |
|
|
|
3,747 |
|
| Dave & Buster’s, Inc., 7.63%, 11/01/2025 (e) |
|
|
712 |
|
|
|
712 |
|
| Dufry One BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 04/15/2028 |
|
EUR |
3,020 |
|
|
|
3,322 |
|
| Reg. S, 4.75%, 04/18/2031 |
|
EUR |
197 |
|
|
|
227 |
|
| Duomo Bidco SpA, (Italy), Reg. S, (ICE LIBOR EUR 3 Month + 4.13%), 7.80%, 07/15/2031 (aa) |
|
EUR |
513 |
|
|
|
577 |
|
| eG Global Finance plc, (United Kingdom), 12.00%, 11/30/2028 (e) |
|
|
6,415 |
|
|
|
7,159 |
|
| Eroski S Coop, (Spain), Reg. S, 10.63%, 04/30/2029 |
|
EUR |
8,922 |
|
|
|
10,552 |
|
| Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 01/15/2029 (e) |
|
|
6,405 |
|
|
|
6,115 |
|
| 6.75%, 01/15/2030 (e) |
|
|
12,400 |
|
|
|
11,551 |
|
| Foundation Building Materials, Inc., 6.00%, 03/01/2029 (e) |
|
|
4,149 |
|
|
|
3,662 |
|
| Gap, Inc. (The), |
|
|
|
|
|
|
|
|
| 3.63%, 10/01/2029 (e) |
|
|
1,475 |
|
|
|
1,334 |
|
| 3.88%, 10/01/2031 (e) |
|
|
3,655 |
|
|
|
3,196 |
|
| Goldstory SAS, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 6.75%, 02/01/2030 |
|
EUR |
6,000 |
|
|
|
6,832 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.00%), 7.63%, 02/01/2030 (aa) |
|
EUR |
300 |
|
|
|
334 |
|
| Group 1 Automotive, Inc., 6.38%, 01/15/2030 (e) |
|
|
1,400 |
|
|
|
1,423 |
|
| GYP Holdings III Corp., 4.63%, 05/01/2029 (e) |
|
|
5,491 |
|
|
|
5,253 |
|
| Home Depot, Inc. (The), 4.75%, 06/25/2029 |
|
|
283 |
|
|
|
292 |
|
| Ken Garff Automotive LLC, 4.88%, 09/15/2028 (e) |
|
|
3 |
|
|
|
3 |
|
| LBM Acquisition LLC, 6.25%, 01/15/2029 (e) |
|
|
5,375 |
|
|
|
5,083 |
|
| LCM Investments Holdings II LLC, |
|
|
|
|
|
|
|
|
| 4.88%, 05/01/2029 (e) |
|
|
7,575 |
|
|
|
7,278 |
|
| 8.25%, 08/01/2031 (e) |
|
|
6,177 |
|
|
|
6,561 |
|
| Lithia Motors, Inc., |
|
|
|
|
|
|
|
|
| 3.88%, 06/01/2029 (e) |
|
|
3,450 |
|
|
|
3,220 |
|
| 4.38%, 01/15/2031 (e) |
|
|
200 |
|
|
|
186 |
|
| Park River Holdings, Inc., |
|
|
|
|
|
|
|
|
| 5.63%, 02/01/2029 (e) |
|
|
3,275 |
|
|
|
2,808 |
|
| 6.75%, 08/01/2029 (e) |
|
|
1,625 |
|
|
|
1,401 |
|
| Patrick Industries, Inc., |
|
|
|
|
|
|
|
|
| 4.75%, 05/01/2029 (e) |
|
|
2,150 |
|
|
|
2,045 |
|
| 7.50%, 10/15/2027 (e) |
|
|
60 |
|
|
|
60 |
|
| PetSmart, Inc. / PetSmart Finance Corp., 7.75%, 02/15/2029 (e) |
|
|
4,276 |
|
|
|
4,221 |
|
| PEU Fin plc, (United Kingdom), Reg. S, 7.25%, 07/01/2028 |
|
EUR |
11,786 |
|
|
|
13,671 |
|
| Raising Cane’s Restaurants LLC, 9.38%, 05/01/2029 (e) |
|
|
646 |
|
|
|
700 |
|
| Sally Holdings LLC / Sally Capital, Inc., 6.75%, 03/01/2032 |
|
|
6,594 |
|
|
|
6,773 |
|
| Sizzling Platter LLC / Sizzling Platter Finance Corp., 8.50%, 11/28/2025 (e) |
|
|
525 |
|
|
|
527 |
|
| Staples, Inc., 10.75%, 09/01/2029 (e) |
|
|
2,327 |
|
|
|
2,257 |
|
| Stonegate Pub Co. Financing 2019 PLC, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 6.63%), 10.17%, 07/31/2029 (aa) |
|
EUR |
110 |
|
|
|
125 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Retail — continued |
|
|
|
|
|
|
|
|
| Reg. S, 10.75%, 07/31/2029 |
|
GBP |
102 |
|
|
|
141 |
|
| 10.75%, 07/31/2029 (e) |
|
GBP |
3,500 |
|
|
|
4,837 |
|
| Suburban Propane Partners LP / Suburban Energy Finance Corp., |
|
|
|
|
|
|
|
|
| 5.00%, 06/01/2031 (e) |
|
|
4,600 |
|
|
|
4,286 |
|
| 5.88%, 03/01/2027 |
|
|
2,825 |
|
|
|
2,821 |
|
| Superior Plus LP / Superior General Partner, Inc., (Canada), 4.50%, 03/15/2029 (e) |
|
|
5,481 |
|
|
|
5,216 |
|
| Walgreens Boots Alliance, Inc., 8.13%, 08/15/2029 |
|
|
1,002 |
|
|
|
1,000 |
|
| White Cap Buyer LLC, 6.88%, 10/15/2028 (e) |
|
|
20,974 |
|
|
|
21,180 |
|
| White Cap Parent LLC, 8.25% (cash), 03/15/2026 (e) (v) |
|
|
2,325 |
|
|
|
2,326 |
|
| Yum! Brands, Inc., 4.75%, 01/15/2030 (e) |
|
|
752 |
|
|
|
742 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
250,792 |
|
|
|
|
|
|
|
|
|
|
| Toys/Games/Hobbies — 0.0% (g) |
|
|
|
|
|
|
|
|
| Hasbro, Inc., 3.90%, 11/19/2029 |
|
|
724 |
|
|
|
698 |
|
| Mattel, Inc., 3.38%, 04/01/2026 (e) |
|
|
155 |
|
|
|
151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
849 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Cyclical |
|
|
|
|
|
|
1,334,292 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 11.7% |
|
|
|
|
|
|
|
|
| Agriculture — 0.2% |
|
|
|
|
|
|
|
|
| BAT Capital Corp., |
|
|
|
|
|
|
|
|
| 2.26%, 03/25/2028 |
|
|
220 |
|
|
|
205 |
|
| 3.56%, 08/15/2027 |
|
|
717 |
|
|
|
702 |
|
| BAT International Finance plc, (United Kingdom), 5.93%, 02/02/2029 |
|
|
142 |
|
|
|
150 |
|
| Darling Ingredients, Inc., 6.00%, 06/15/2030 (e) |
|
|
4,538 |
|
|
|
4,580 |
|
| Imperial Brands Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 5.50%, 02/01/2030 (e) |
|
|
971 |
|
|
|
1,002 |
|
| 6.13%, 07/27/2027 (e) |
|
|
1,055 |
|
|
|
1,097 |
|
| Philip Morris International, Inc., 4.88%, 02/13/2029 |
|
|
1,512 |
|
|
|
1,549 |
|
| Reynolds American, Inc., 4.45%, 06/12/2025 |
|
|
175 |
|
|
|
175 |
|
| Tereos Finance Groupe I SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 5.88%, 04/30/2030 |
|
EUR |
200 |
|
|
|
224 |
|
| Reg. S, 7.25%, 04/15/2028 |
|
EUR |
275 |
|
|
|
318 |
|
| Vector Group Ltd., 5.75%, 02/01/2029 (e) |
|
|
5,650 |
|
|
|
5,726 |
|
| Viterra Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 2.00%, 04/21/2026 (e) |
|
|
1,000 |
|
|
|
959 |
|
| 4.90%, 04/21/2027 (e) |
|
|
600 |
|
|
|
605 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,292 |
|
|
|
|
|
|
|
|
|
|
| Beverages — 0.0% (g) |
|
|
|
|
|
|
|
|
| Bacardi Ltd. / Bacardi-Martini BV, (Multinational), 5.25%, 01/15/2029 (e) |
|
|
179 |
|
|
|
184 |
|
| Central American Bottling Corp. / CBC Bottling Holdco SL / Beliv Holdco SL, (British Virgin Islands), 5.25%, 04/27/2029 (e) |
|
|
800 |
|
|
|
778 |
|
| Coca-Cola Consolidated, Inc., 5.25%, 06/01/2029 |
|
|
210 |
|
|
|
218 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,180 |
|
|
|
|
|
|
|
|
|
|
| Biotechnology — 0.1% |
|
|
|
|
|
|
|
|
| Amgen, Inc., |
|
|
|
|
|
|
|
|
| 5.15%, 03/02/2028 |
|
|
27 |
|
|
|
28 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Biotechnology — continued |
|
|
|
|
|
|
|
|
| 5.25%, 03/02/2025 |
|
|
123 |
|
|
|
123 |
|
| 5.51%, 03/02/2026 |
|
|
633 |
|
|
|
633 |
|
| Cidron Aida Finco Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 5.00%, 04/01/2028 |
|
EUR |
10,698 |
|
|
|
11,567 |
|
| Reg. S, 6.25%, 04/01/2028 |
|
GBP |
400 |
|
|
|
508 |
|
| Illumina, Inc., |
|
|
|
|
|
|
|
|
| 5.75%, 12/13/2027 |
|
|
151 |
|
|
|
157 |
|
| 5.80%, 12/12/2025 |
|
|
38 |
|
|
|
39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,055 |
|
|
|
|
|
|
|
|
|
|
| Commercial Services — 4.7% |
|
|
|
|
|
|
|
|
| AA Bond Co. Ltd., (Jersey), Reg. S, 7.38%, 07/31/2029 |
|
GBP |
2,800 |
|
|
|
3,903 |
|
| ADT Security Corp. (The), |
|
|
|
|
|
|
|
|
| 4.13%, 08/01/2029 (e) |
|
|
1,209 |
|
|
|
1,155 |
|
| 4.88%, 07/15/2032 (e) |
|
|
3,208 |
|
|
|
3,063 |
|
| Adtalem Global Education, Inc., 5.50%, 03/01/2028 (e) |
|
|
1,550 |
|
|
|
1,535 |
|
| Albion Financing 1 Sarl / Aggreko Holdings, Inc., (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 5.25%, 10/15/2026 |
|
EUR |
10,580 |
|
|
|
11,915 |
|
| 6.13%, 10/15/2026 (e) |
|
|
200 |
|
|
|
201 |
|
| Allied Universal Holdco LLC, 7.88%, 02/15/2031 (e) |
|
|
29,629 |
|
|
|
30,272 |
|
| Allied Universal Holdco LLC / Allied Universal Finance Corp., |
|
|
|
|
|
|
|
|
| 6.00%, 06/01/2029 (e) |
|
|
17,871 |
|
|
|
15,979 |
|
| 9.75%, 07/15/2027 (e) |
|
|
9,624 |
|
|
|
9,650 |
|
| Allied Universal Holdco LLC / Allied Universal Finance Corp. / Atlas Luxco 4 Sarl, (Multinational), |
|
|
|
|
|
|
|
|
| Reg. S, 3.63%, 06/01/2028 |
|
EUR |
160 |
|
|
|
168 |
|
| 4.63%, 06/01/2028 (e) |
|
|
19,719 |
|
|
|
18,531 |
|
| Reg. S, 4.88%, 06/01/2028 |
|
GBP |
800 |
|
|
|
984 |
|
| Alta Equipment Group, Inc., 9.00%, 06/01/2029 (e) |
|
|
2,574 |
|
|
|
2,304 |
|
| Amber Finco plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 6.63%, 07/15/2029 |
|
EUR |
578 |
|
|
|
673 |
|
| 6.63%, 07/15/2029 (e) |
|
EUR |
7,565 |
|
|
|
8,811 |
|
| AMN Healthcare, Inc., |
|
|
|
|
|
|
|
|
| 4.00%, 04/15/2029 (e) |
|
|
3,950 |
|
|
|
3,693 |
|
| 4.63%, 10/01/2027 (e) |
|
|
2,777 |
|
|
|
2,714 |
|
| APi Group DE, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 07/15/2029 (e) |
|
|
1,730 |
|
|
|
1,627 |
|
| 4.75%, 10/15/2029 (e) |
|
|
2,775 |
|
|
|
2,661 |
|
| APX Group, Inc., |
|
|
|
|
|
|
|
|
| 5.75%, 07/15/2029 (e) |
|
|
3,185 |
|
|
|
3,154 |
|
| 6.75%, 02/15/2027 (e) |
|
|
49 |
|
|
|
49 |
|
| Avis Budget Car Rental LLC / Avis Budget Finance, Inc., 4.75%, 04/01/2028 (e) |
|
|
5,350 |
|
|
|
5,031 |
|
| Avis Budget Finance Plc, (Jersey), |
|
|
|
|
|
|
|
|
| Reg. S, 7.00%, 02/28/2029 |
|
EUR |
5,480 |
|
|
|
6,089 |
|
| Reg. S, 7.25%, 07/31/2030 |
|
EUR |
8,513 |
|
|
|
9,464 |
|
| BCP V Modular Services Finance II plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 11/30/2028 |
|
EUR |
3,953 |
|
|
|
4,280 |
|
| Reg. S, 6.13%, 11/30/2028 |
|
GBP |
1,200 |
|
|
|
1,524 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Commercial Services — continued |
|
|
|
|
|
|
|
|
| BCP V Modular Services Finance plc, (United Kingdom), Reg. S, 6.75%, 11/30/2029 |
|
EUR |
5,184 |
|
|
|
5,078 |
|
| Block, Inc., |
|
|
|
|
|
|
|
|
| 2.75%, 06/01/2026 |
|
|
2,972 |
|
|
|
2,882 |
|
| 3.50%, 06/01/2031 |
|
|
1,060 |
|
|
|
966 |
|
| 6.50%, 05/15/2032 (e) |
|
|
20,570 |
|
|
|
21,420 |
|
| Boels Topholding BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 5.75%, 05/15/2030 |
|
EUR |
13,640 |
|
|
|
15,604 |
|
| Reg. S, 6.25%, 02/15/2029 |
|
EUR |
500 |
|
|
|
578 |
|
| Boost Newco Borrower LLC, 7.50%, 01/15/2031 (e) |
|
|
12,109 |
|
|
|
12,994 |
|
| Boost Newco Borrower LLC / GTCR W Dutch Finance Sub BV, (Multinational), Reg. S, 8.50%, 01/15/2031 |
|
GBP |
9,870 |
|
|
|
14,291 |
|
| Brink’s Co. (The), |
|
|
|
|
|
|
|
|
| 4.63%, 10/15/2027 (e) |
|
|
2,630 |
|
|
|
2,590 |
|
| 6.50%, 06/15/2029 (e) |
|
|
1,352 |
|
|
|
1,401 |
|
| 6.75%, 06/15/2032 (e) |
|
|
4,965 |
|
|
|
5,177 |
|
| Champions Financing, Inc., 8.75%, 02/15/2029 (e) |
|
|
2,708 |
|
|
|
2,763 |
|
| Cimpress plc, (Ireland), 7.38%, 09/15/2032 (e) |
|
|
2,926 |
|
|
|
2,959 |
|
| DP World Ltd., (United Arab Emirates), Reg. S, 4.70%, 09/30/2049 |
|
|
1,500 |
|
|
|
1,319 |
|
| eHi Car Services Ltd., (Cayman Islands), Reg. S, 12.00%, 09/26/2027 (c) |
|
|
2,700 |
|
|
|
1,822 |
|
| Garda World Security Corp., (Canada), |
|
|
|
|
|
|
|
|
| 4.63%, 02/15/2027 (e) |
|
|
904 |
|
|
|
888 |
|
| 6.00%, 06/01/2029 (e) |
|
|
587 |
|
|
|
561 |
|
| 7.75%, 02/15/2028 (e) |
|
|
6,993 |
|
|
|
7,249 |
|
| 8.25%, 08/01/2032 (e) |
|
|
5,499 |
|
|
|
5,629 |
|
| 9.50%, 11/01/2027 (e) |
|
|
1,234 |
|
|
|
1,236 |
|
| Global Payments, Inc., |
|
|
|
|
|
|
|
|
| 2.65%, 02/15/2025 |
|
|
47 |
|
|
|
47 |
|
| 4.45%, 06/01/2028 |
|
|
155 |
|
|
|
154 |
|
| GXO Logistics, Inc., 6.25%, 05/06/2029 |
|
|
1,679 |
|
|
|
1,766 |
|
| Herc Holdings, Inc., |
|
|
|
|
|
|
|
|
| 5.50%, 07/15/2027 (e) |
|
|
500 |
|
|
|
499 |
|
| 6.63%, 06/15/2029 (e) |
|
|
4,710 |
|
|
|
4,878 |
|
| Hertz Corp. (The), |
|
|
|
|
|
|
|
|
| 4.63%, 12/01/2026 (e) |
|
|
400 |
|
|
|
315 |
|
| 5.00%, 12/01/2029 (e) |
|
|
3,035 |
|
|
|
2,005 |
|
| La Financiere Atalian, (France), Reg. S, 8.50%, 06/30/2028 |
|
EUR |
148 |
|
|
|
79 |
|
| Loxam SAS, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 4.50%, 02/15/2027 |
|
EUR |
5,029 |
|
|
|
5,634 |
|
| Reg. S, 6.38%, 05/15/2028 |
|
EUR |
400 |
|
|
|
462 |
|
| Mavis Tire Express Services Topco Corp., 6.50%, 05/15/2029 (e) |
|
|
10,210 |
|
|
|
9,811 |
|
| Mundys SpA, (Italy), Reg. S, 1.88%, 02/12/2028 |
|
EUR |
9,380 |
|
|
|
9,867 |
|
| NESCO Holdings II, Inc., 5.50%, 04/15/2029 (e) |
|
|
3,600 |
|
|
|
3,317 |
|
| Nexi SpA, (Italy), Reg. S, 1.63%, 04/30/2026 |
|
EUR |
5,880 |
|
|
|
6,345 |
|
| Pachelbel Bidco SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 7.13%, 05/17/2031 |
|
EUR |
420 |
|
|
|
498 |
|
| 7.13%, 05/17/2031 (e) |
|
EUR |
13,849 |
|
|
|
16,425 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.25%), 8.07%, 05/17/2031 (aa) |
|
EUR |
100 |
|
|
|
112 |
|
| Pelabuhan Indonesia Persero PT, (Indonesia), Reg. S, 5.38%, 05/05/2045 |
|
|
3,100 |
|
|
|
3,115 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Commercial Services — continued |
|
|
|
|
|
|
|
|
| Prime Security Services Borrower LLC / Prime Finance, Inc., 6.25%, 01/15/2028 (e) |
|
|
4,250 |
|
|
|
4,251 |
|
| Q-Park Holding I BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 5.13%, 03/01/2029 |
|
EUR |
110 |
|
|
|
126 |
|
| Reg. S, 5.13%, 02/15/2030 |
|
EUR |
458 |
|
|
|
520 |
|
| RR Donnelley & Sons Co., 9.50%, 08/01/2029 (e) |
|
|
2,813 |
|
|
|
2,837 |
|
| Rutas 2 & 7 Finance Ltd., (Cayman Islands), Reg. S, Zero Coupon, 09/30/2036 |
|
|
1,680 |
|
|
|
1,211 |
|
| Service Corp. International, |
|
|
|
|
|
|
|
|
| 3.38%, 08/15/2030 |
|
|
835 |
|
|
|
757 |
|
| 4.00%, 05/15/2031 |
|
|
5,217 |
|
|
|
4,827 |
|
| 5.75%, 10/15/2032 |
|
|
11,625 |
|
|
|
11,703 |
|
| 7.50%, 04/01/2027 |
|
|
1,400 |
|
|
|
1,462 |
|
| Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 11/01/2026 (e) |
|
|
2,271 |
|
|
|
2,248 |
|
| 6.75%, 08/15/2032 (e) |
|
|
13,297 |
|
|
|
13,886 |
|
| Sotheby’s, 7.38%, 10/15/2027 (e) |
|
|
8,262 |
|
|
|
7,966 |
|
| Sotheby’s / Bidfair Holdings, Inc., 5.88%, 06/01/2029 (e) |
|
|
1,801 |
|
|
|
1,578 |
|
| Techem Verwaltungsgesellschaft 674 mbH, (Germany), Reg. S, 6.00%, 07/30/2026 |
|
EUR |
12,766 |
|
|
|
14,235 |
|
| Techem Verwaltungsgesellschaft 675 mbH, (Germany), Reg. S, 5.38%, 07/15/2029 |
|
EUR |
5,476 |
|
|
|
6,219 |
|
| Triton Container International Ltd., (Bermuda), 2.05%, 04/15/2026 (e) |
|
|
1,619 |
|
|
|
1,548 |
|
| United Rentals North America, Inc., |
|
|
|
|
|
|
|
|
| 3.75%, 01/15/2032 |
|
|
6,347 |
|
|
|
5,794 |
|
| 3.88%, 02/15/2031 |
|
|
895 |
|
|
|
832 |
|
| 4.88%, 01/15/2028 |
|
|
2,025 |
|
|
|
2,010 |
|
| 5.25%, 01/15/2030 |
|
|
3,650 |
|
|
|
3,653 |
|
| 6.13%, 03/15/2034 (e) |
|
|
2,144 |
|
|
|
2,216 |
|
| Valvoline, Inc., 3.63%, 06/15/2031 (e) |
|
|
3,501 |
|
|
|
3,133 |
|
| Verisure Holding AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 02/15/2027 |
|
EUR |
8,300 |
|
|
|
9,065 |
|
| Reg. S, 3.88%, 07/15/2026 |
|
EUR |
14,753 |
|
|
|
16,340 |
|
| Reg. S, 5.50%, 05/15/2030 |
|
EUR |
7,274 |
|
|
|
8,340 |
|
| Reg. S, 9.25%, 10/15/2027 |
|
EUR |
316 |
|
|
|
369 |
|
| Verisure Midholding AB, (Sweden), Reg. S, 5.25%, 02/15/2029 |
|
EUR |
950 |
|
|
|
1,050 |
|
| VT Topco, Inc., 8.50%, 08/15/2030 (e) |
|
|
1,575 |
|
|
|
1,681 |
|
| Wand NewCo. 3, Inc., 7.63%, 01/30/2032 (e) |
|
|
8,878 |
|
|
|
9,353 |
|
| Williams Scotsman, Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 08/15/2028 (e) |
|
|
2,337 |
|
|
|
2,272 |
|
| 6.63%, 06/15/2029 (e) |
|
|
1,147 |
|
|
|
1,181 |
|
| 7.38%, 10/01/2031 (e) |
|
|
3,490 |
|
|
|
3,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
468,518 |
|
|
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — 0.1% |
|
|
|
|
|
|
|
|
| Coty, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 04/15/2026 |
|
EUR |
3,553 |
|
|
|
3,950 |
|
| 5.00%, 04/15/2026 (e) |
|
|
720 |
|
|
|
717 |
|
| Coty, Inc. / HFC Prestige Products, Inc. / HFC Prestige International US LLC, 6.63%, 07/15/2030 (e) |
|
|
2,149 |
|
|
|
2,233 |
|
| Perrigo Finance Unlimited Co., (Ireland), 6.13%, 09/30/2032 |
|
|
3,343 |
|
|
|
3,374 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,274 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Food — 1.6% |
|
|
|
|
|
|
|
|
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, |
|
|
|
|
|
|
|
|
| 3.25%, 03/15/2026 (e) |
|
|
195 |
|
|
|
189 |
|
| 3.50%, 03/15/2029 (e) |
|
|
9,437 |
|
|
|
8,797 |
|
| 4.63%, 01/15/2027 (e) |
|
|
432 |
|
|
|
420 |
|
| 4.88%, 02/15/2030 (e) |
|
|
1,990 |
|
|
|
1,958 |
|
| 5.88%, 02/15/2028 (e) |
|
|
2,400 |
|
|
|
2,411 |
|
| 6.50%, 02/15/2028 (e) |
|
|
1,029 |
|
|
|
1,048 |
|
| B&G Foods, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 04/01/2025 |
|
|
623 |
|
|
|
623 |
|
| 5.25%, 09/15/2027 |
|
|
8,671 |
|
|
|
8,324 |
|
| 8.00%, 09/15/2028 (e) |
|
|
4,561 |
|
|
|
4,772 |
|
| Bellis Acquisition Co. plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 8.13%, 05/14/2030 |
|
GBP |
14,534 |
|
|
|
19,232 |
|
| 8.13%, 05/14/2030 (e) |
|
GBP |
1,975 |
|
|
|
2,613 |
|
| Bellis Finco plc, (United Kingdom), Reg. S, 4.00%, 02/16/2027 |
|
GBP |
180 |
|
|
|
222 |
|
| Boparan Finance plc, (United Kingdom), Reg. S, 7.63%, 11/30/2025 |
|
GBP |
103 |
|
|
|
136 |
|
| Chobani LLC / Chobani Finance Corp., Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 11/15/2028 (e) |
|
|
7,262 |
|
|
|
7,073 |
|
| 7.63%, 07/01/2029 (e) |
|
|
14,754 |
|
|
|
15,494 |
|
| Darling Global Finance BV, (Netherlands), Reg. S, 3.63%, 05/15/2026 |
|
EUR |
300 |
|
|
|
332 |
|
| ELO SACA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 07/23/2027 |
|
EUR |
2,400 |
|
|
|
2,456 |
|
| Reg. S, 5.88%, 04/17/2028 |
|
EUR |
2,300 |
|
|
|
2,394 |
|
| Fiesta Purchaser, Inc., |
|
|
|
|
|
|
|
|
| 7.88%, 03/01/2031 (e) |
|
|
662 |
|
|
|
702 |
|
| 9.63%, 09/15/2032 (e) |
|
|
1,397 |
|
|
|
1,446 |
|
| Iceland Bondco plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 4.38%, 05/15/2028 |
|
GBP |
6,373 |
|
|
|
7,775 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 5.50%), 9.04%, 12/15/2027 (aa) |
|
EUR |
2,532 |
|
|
|
2,868 |
|
| KeHE Distributors LLC / KeHE Finance Corp. / NextWave Distribution, Inc., 9.00%, 02/15/2029 (e) |
|
|
970 |
|
|
|
1,009 |
|
| Kroger Co. (The), |
|
|
|
|
|
|
|
|
| 4.60%, 08/15/2027 |
|
|
299 |
|
|
|
301 |
|
| 4.65%, 09/15/2029 |
|
|
303 |
|
|
|
304 |
|
| 4.70%, 08/15/2026 |
|
|
240 |
|
|
|
242 |
|
| Lamb Weston Holdings, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 01/31/2030 (e) |
|
|
4,589 |
|
|
|
4,304 |
|
| 4.38%, 01/31/2032 (e) |
|
|
3,711 |
|
|
|
3,442 |
|
| 4.88%, 05/15/2028 (e) |
|
|
72 |
|
|
|
72 |
|
| Lion / Polaris Lux 4 SA, (Luxembourg), Reg. S, (ICE LIBOR EUR 3 Month + 3.63%), 6.95%, 07/01/2029 (aa) |
|
EUR |
144 |
|
|
|
161 |
|
| Market Bidco Finco plc, (United Kingdom), Reg. S, 5.50%, 11/04/2027 |
|
GBP |
14,057 |
|
|
|
17,715 |
|
| NBM US Holdings, Inc., 7.00%, 05/14/2026 (e) |
|
|
200 |
|
|
|
201 |
|
| Performance Food Group, Inc., |
|
|
|
|
|
|
|
|
| 4.25%, 08/01/2029 (e) |
|
|
2,009 |
|
|
|
1,911 |
|
| 6.13%, 09/15/2032 (e) |
|
|
5,689 |
|
|
|
5,819 |
|
| Picard Groupe SAS, (France), Reg. S, 6.38%, 07/01/2029 |
|
EUR |
421 |
|
|
|
482 |
|
| Pilgrim’s Pride Corp., |
|
|
|
|
|
|
|
|
| 3.50%, 03/01/2032 |
|
|
2,600 |
|
|
|
2,309 |
|
| 4.25%, 04/15/2031 |
|
|
8,148 |
|
|
|
7,745 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Food — continued |
|
|
|
|
|
|
|
|
| Post Holdings, Inc., |
|
|
|
|
|
|
|
|
| 4.50%, 09/15/2031 (e) |
|
|
1,905 |
|
|
|
1,780 |
|
| 4.63%, 04/15/2030 (e) |
|
|
6,105 |
|
|
|
5,842 |
|
| 5.50%, 12/15/2029 (e) |
|
|
2,150 |
|
|
|
2,134 |
|
| 6.25%, 02/15/2032 (e) |
|
|
3,860 |
|
|
|
3,976 |
|
| 6.25%, 10/15/2034 (e) (w) |
|
|
3,072 |
|
|
|
3,087 |
|
| 6.38%, 03/01/2033 (e) |
|
|
5,645 |
|
|
|
5,713 |
|
| Simmons Foods, Inc. / Simmons Prepared Foods, Inc. / Simmons Pet Food, Inc. / Simmons Feed, 4.63%, 03/01/2029 (e) |
|
|
1,139 |
|
|
|
1,079 |
|
| United Natural Foods, Inc., 6.75%, 10/15/2028 (e) |
|
|
592 |
|
|
|
565 |
|
| US Foods, Inc., |
|
|
|
|
|
|
|
|
| 4.75%, 02/15/2029 (e) |
|
|
3,758 |
|
|
|
3,664 |
|
| 7.25%, 01/15/2032 (e) |
|
|
1,051 |
|
|
|
1,112 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
166,254 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Products — 0.7% |
|
|
|
|
|
|
|
|
| Avantor Funding, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 2.63%, 11/01/2025 |
|
EUR |
1,081 |
|
|
|
1,193 |
|
| Reg. S, 3.88%, 07/15/2028 |
|
EUR |
100 |
|
|
|
111 |
|
| 3.88%, 11/01/2029 (e) |
|
|
983 |
|
|
|
930 |
|
| 4.63%, 07/15/2028 (e) |
|
|
1,663 |
|
|
|
1,626 |
|
| Bausch + Lomb Corp., (Canada), 8.38%, 10/01/2028 (e) |
|
|
15,902 |
|
|
|
16,816 |
|
| Baxter International, Inc., 1.32%, 11/29/2024 |
|
|
173 |
|
|
|
172 |
|
| GE HealthCare Technologies, Inc., 4.80%, 08/14/2029 |
|
|
112 |
|
|
|
114 |
|
| Medline Borrower LP, |
|
|
|
|
|
|
|
|
| 3.88%, 04/01/2029 (e) |
|
|
25,231 |
|
|
|
23,886 |
|
| 5.25%, 10/01/2029 (e) |
|
|
14,215 |
|
|
|
13,929 |
|
| Medline Borrower LP / Medline Co-Issuer, Inc., 6.25%, 04/01/2029 (e) |
|
|
3,096 |
|
|
|
3,191 |
|
| Neogen Food Safety Corp., 8.63%, 07/20/2030 (e) |
|
|
942 |
|
|
|
1,043 |
|
| Solventum Corp., |
|
|
|
|
|
|
|
|
| 5.40%, 03/01/2029 (e) |
|
|
1,800 |
|
|
|
1,851 |
|
| 5.45%, 02/25/2027 (e) |
|
|
425 |
|
|
|
433 |
|
| Sotera Health Holdings LLC, 7.38%, 06/01/2031 (e) |
|
|
2,240 |
|
|
|
2,326 |
|
| Teleflex, Inc., 4.25%, 06/01/2028 (e) |
|
|
1,284 |
|
|
|
1,244 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68,865 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Services — 2.2% |
|
|
|
|
|
|
|
|
| Acadia Healthcare Co., Inc., 5.00%, 04/15/2029 (e) |
|
|
90 |
|
|
|
86 |
|
| AHP Health Partners, Inc., 5.75%, 07/15/2029 (e) |
|
|
5,638 |
|
|
|
5,510 |
|
| CAB SELAS, (France), Reg. S, 3.38%, 02/01/2028 |
|
EUR |
11,094 |
|
|
|
11,418 |
|
| Catalent Pharma Solutions, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 2.38%, 03/01/2028 |
|
EUR |
100 |
|
|
|
109 |
|
| 3.13%, 02/15/2029 (e) |
|
|
5,224 |
|
|
|
5,147 |
|
| 3.50%, 04/01/2030 (e) |
|
|
2,285 |
|
|
|
2,243 |
|
| 5.00%, 07/15/2027 (e) |
|
|
1,103 |
|
|
|
1,097 |
|
| Centene Corp., |
|
|
|
|
|
|
|
|
| 2.45%, 07/15/2028 |
|
|
784 |
|
|
|
722 |
|
| 4.25%, 12/15/2027 |
|
|
1,702 |
|
|
|
1,672 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Healthcare - Services — continued |
|
|
|
|
|
|
|
|
| Charles River Laboratories International, Inc., |
|
|
|
|
|
|
|
|
| 4.00%, 03/15/2031 (e) |
|
|
15 |
|
|
|
14 |
|
| 4.25%, 05/01/2028 (e) |
|
|
1,363 |
|
|
|
1,325 |
|
| CHS / Community Health Systems, Inc., |
|
|
|
|
|
|
|
|
| 4.75%, 02/15/2031 (e) |
|
|
5,372 |
|
|
|
4,725 |
|
| 5.25%, 05/15/2030 (e) |
|
|
5,673 |
|
|
|
5,240 |
|
| 5.63%, 03/15/2027 (e) |
|
|
11,408 |
|
|
|
11,226 |
|
| 6.00%, 01/15/2029 (e) |
|
|
5,913 |
|
|
|
5,740 |
|
| 10.88%, 01/15/2032 (e) |
|
|
9,155 |
|
|
|
10,091 |
|
| Cigna Group (The), 5.69%, 03/15/2026 |
|
|
859 |
|
|
|
859 |
|
| Clariane SE, (France), Reg. S, (UK Gilts 5 Year + 9.08%), 13.17%, 06/15/2025 (x) (aa) |
|
GBP |
200 |
|
|
|
262 |
|
| Concentra Escrow Issuer Corp., 6.88%, 07/15/2032 (e) |
|
|
4,703 |
|
|
|
4,943 |
|
| DaVita, Inc., |
|
|
|
|
|
|
|
|
| 3.75%, 02/15/2031 (e) |
|
|
10,757 |
|
|
|
9,708 |
|
| 4.63%, 06/01/2030 (e) |
|
|
10,950 |
|
|
|
10,441 |
|
| 6.88%, 09/01/2032 (e) |
|
|
4,090 |
|
|
|
4,225 |
|
| Encompass Health Corp., |
|
|
|
|
|
|
|
|
| 4.50%, 02/01/2028 |
|
|
55 |
|
|
|
54 |
|
| 4.63%, 04/01/2031 |
|
|
3,813 |
|
|
|
3,659 |
|
| 4.75%, 02/01/2030 |
|
|
984 |
|
|
|
962 |
|
| Ephios Subco 3 Sarl, (Luxembourg), Reg. S, 7.88%, 01/31/2031 |
|
EUR |
634 |
|
|
|
761 |
|
| Fortrea Holdings, Inc., 7.50%, 07/01/2030 (e) |
|
|
678 |
|
|
|
683 |
|
| Fresenius Medical Care US Finance III, Inc., 3.75%, 06/15/2029 (e) |
|
|
750 |
|
|
|
712 |
|
| HAH Group Holding Co. LLC, 9.75%, 10/01/2031 (e) |
|
|
1,399 |
|
|
|
1,420 |
|
| HCA, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 04/15/2025 |
|
|
500 |
|
|
|
501 |
|
| 5.45%, 09/15/2034 |
|
|
726 |
|
|
|
745 |
|
| 7.05%, 12/01/2027 |
|
|
950 |
|
|
|
1,018 |
|
| 7.50%, 11/06/2033 |
|
|
1,650 |
|
|
|
1,910 |
|
| Health Care Service Corp. A Mutual Legal Reserve Co, 5.20%, 06/15/2029 (e) |
|
|
175 |
|
|
|
180 |
|
| HealthEquity, Inc., 4.50%, 10/01/2029 (e) |
|
|
9,319 |
|
|
|
9,008 |
|
| Humana, Inc., 5.70%, 03/13/2026 |
|
|
317 |
|
|
|
317 |
|
| IQVIA, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 1.75%, 03/15/2026 |
|
EUR |
200 |
|
|
|
218 |
|
| Reg. S, 2.25%, 03/15/2029 |
|
EUR |
100 |
|
|
|
104 |
|
| 5.00%, 05/15/2027 (e) |
|
|
200 |
|
|
|
199 |
|
| 6.50%, 05/15/2030 (e) |
|
|
978 |
|
|
|
1,020 |
|
| Legacy LifePoint Health LLC, 4.38%, 02/15/2027 (e) |
|
|
7,125 |
|
|
|
6,985 |
|
| LifePoint Health, Inc., |
|
|
|
|
|
|
|
|
| 5.38%, 01/15/2029 (e) |
|
|
2,650 |
|
|
|
2,504 |
|
| 9.88%, 08/15/2030 (e) |
|
|
1,164 |
|
|
|
1,281 |
|
| 10.00%, 06/01/2032 (e) |
|
|
2,926 |
|
|
|
3,217 |
|
| 11.00%, 10/15/2030 (e) |
|
|
10,264 |
|
|
|
11,581 |
|
| Molina Healthcare, Inc., |
|
|
|
|
|
|
|
|
| 3.88%, 11/15/2030 (e) |
|
|
334 |
|
|
|
310 |
|
| 3.88%, 05/15/2032 (e) |
|
|
966 |
|
|
|
884 |
|
| MPH Acquisition Holdings LLC, 5.50%, 09/01/2028 (e) |
|
|
6,275 |
|
|
|
4,495 |
|
| Prime Healthcare Services, Inc., 9.38%, 09/01/2029 (e) |
|
|
745 |
|
|
|
770 |
|
| Star Parent, Inc., 9.00%, 10/01/2030 (e) |
|
|
12,168 |
|
|
|
13,063 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Healthcare - Services — continued |
|
|
|
|
|
|
|
|
| Surgery Center Holdings, Inc., 7.25%, 04/15/2032 (e) |
|
|
9,391 |
|
|
|
9,802 |
|
| Tenet Healthcare Corp., |
|
|
|
|
|
|
|
|
| 4.25%, 06/01/2029 |
|
|
8,362 |
|
|
|
8,062 |
|
| 4.38%, 01/15/2030 |
|
|
19,177 |
|
|
|
18,399 |
|
| 6.13%, 06/15/2030 |
|
|
670 |
|
|
|
681 |
|
| 6.75%, 05/15/2031 |
|
|
11,569 |
|
|
|
12,062 |
|
| Universal Health Services, Inc., 4.63%, 10/15/2029 |
|
|
500 |
|
|
|
497 |
|
| US Acute Care Solutions LLC, 9.75%, 05/15/2029 (e) |
|
|
2,661 |
|
|
|
2,757 |
|
| Voyage Care BondCo plc , (United Kingdom), Reg. S, 5.88%, 02/15/2027 |
|
GBP |
3,832 |
|
|
|
4,823 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
222,447 |
|
|
|
|
|
|
|
|
|
|
| Household Products/Wares — 0.1% |
|
|
|
|
|
|
|
|
| ACCO Brands Corp., 4.25%, 03/15/2029 (e) |
|
|
5,379 |
|
|
|
5,037 |
|
| Central Garden & Pet Co., |
|
|
|
|
|
|
|
|
| 4.13%, 10/15/2030 |
|
|
14 |
|
|
|
13 |
|
| 4.13%, 04/30/2031 (e) |
|
|
2,015 |
|
|
|
1,845 |
|
| 5.13%, 02/01/2028 |
|
|
360 |
|
|
|
357 |
|
| Kronos Acquisition Holdings, Inc., |
|
|
|
|
|
|
|
|
| 8.25%, 06/30/2031 (e) |
|
|
2,398 |
|
|
|
2,398 |
|
| 10.75%, 06/30/2032 (e) |
|
|
4,415 |
|
|
|
4,200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,850 |
|
|
|
|
|
|
|
|
|
|
| Pharmaceuticals — 2.0% |
|
|
|
|
|
|
|
|
| 1375209 BC Ltd., (Canada), 9.00%, 01/30/2028 (e) |
|
|
1,954 |
|
|
|
1,941 |
|
| AdaptHealth LLC, |
|
|
|
|
|
|
|
|
| 4.63%, 08/01/2029 (e) |
|
|
5,850 |
|
|
|
5,418 |
|
| 5.13%, 03/01/2030 (e) |
|
|
4,875 |
|
|
|
4,564 |
|
| 6.13%, 08/01/2028 (e) |
|
|
2,840 |
|
|
|
2,843 |
|
| Bausch Health Americas, Inc., 8.50%, 01/31/2027 (e) |
|
|
125 |
|
|
|
102 |
|
| Bausch Health Cos., Inc., (Canada), |
|
|
|
|
|
|
|
|
| 4.88%, 06/01/2028 (e) |
|
|
175 |
|
|
|
137 |
|
| 5.00%, 01/30/2028 (e) |
|
|
2,125 |
|
|
|
1,381 |
|
| 5.00%, 02/15/2029 (e) |
|
|
4,225 |
|
|
|
2,440 |
|
| 5.25%, 01/30/2030 (e) |
|
|
24,760 |
|
|
|
13,804 |
|
| 5.25%, 02/15/2031 (e) |
|
|
3,670 |
|
|
|
2,013 |
|
| 5.75%, 08/15/2027 (e) |
|
|
462 |
|
|
|
393 |
|
| 6.13%, 02/01/2027 (e) |
|
|
3,289 |
|
|
|
2,970 |
|
| 6.25%, 02/15/2029 (e) |
|
|
6,918 |
|
|
|
4,236 |
|
| 7.00%, 01/15/2028 (e) |
|
|
450 |
|
|
|
306 |
|
| 9.00%, 12/15/2025 (e) |
|
|
100 |
|
|
|
96 |
|
| 11.00%, 09/30/2028 (e) |
|
|
4,439 |
|
|
|
4,117 |
|
| Bayer AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 3.11%), 3.13%, 11/12/2079 (aa) |
|
EUR |
4,000 |
|
|
|
4,197 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.75%), 4.50%, 03/25/2082 (aa) |
|
EUR |
500 |
|
|
|
550 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.90%), 7.00%, 09/25/2083 (aa) |
|
EUR |
12,200 |
|
|
|
14,512 |
|
| Series NC5, Reg. S, (EUR Swap Rate 5 Year + 3.43%), 6.63%, 09/25/2083 (aa) |
|
EUR |
1,000 |
|
|
|
1,160 |
|
| Bayer US Finance II LLC, |
|
|
|
|
|
|
|
|
| 4.25%, 12/15/2025 (e) |
|
|
2,300 |
|
|
|
2,283 |
|
| 4.38%, 12/15/2028 (e) |
|
|
1,311 |
|
|
|
1,295 |
|
| Bayer US Finance LLC, 6.25%, 01/21/2029 (e) |
|
|
400 |
|
|
|
423 |
|
| Cheplapharm Arzneimittel GmbH, (Germany), Reg. S, 7.50%, 05/15/2030 |
|
EUR |
3,952 |
|
|
|
4,632 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pharmaceuticals — continued |
|
|
|
|
|
|
|
|
| Endo Finance Holdings, Inc., 8.50%, 04/15/2031 (e) |
|
|
4,740 |
|
|
|
5,079 |
|
| Grifols SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, 2.25%, 11/15/2027 |
|
EUR |
6,255 |
|
|
|
6,679 |
|
| Reg. S, 3.88%, 10/15/2028 |
|
EUR |
11,651 |
|
|
|
12,054 |
|
| Gruenenthal GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 3.63%, 11/15/2026 |
|
EUR |
4,650 |
|
|
|
5,147 |
|
| Reg. S, 6.75%, 05/15/2030 |
|
EUR |
300 |
|
|
|
358 |
|
| Jazz Securities DAC, (Ireland), 4.38%, 01/15/2029 (e) |
|
|
1,928 |
|
|
|
1,865 |
|
| Nidda Healthcare Holding GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 7.00%, 02/21/2030 |
|
EUR |
700 |
|
|
|
812 |
|
| 7.00%, 02/21/2030 (e) |
|
EUR |
5,051 |
|
|
|
5,862 |
|
| Reg. S, 7.50%, 08/21/2026 |
|
EUR |
28,593 |
|
|
|
32,918 |
|
| Option Care Health, Inc., 4.38%, 10/31/2029 (e) |
|
|
957 |
|
|
|
910 |
|
| Organon & Co. / Organon Foreign Debt Co-Issuer BV, |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 04/30/2028 |
|
EUR |
300 |
|
|
|
320 |
|
| 4.13%, 04/30/2028 (e) |
|
|
4,075 |
|
|
|
3,919 |
|
| 5.13%, 04/30/2031 (e) |
|
|
11,883 |
|
|
|
11,203 |
|
| P&L Development LLC / PLD Finance Corp., 7.75%, 11/15/2025 (e) |
|
|
558 |
|
|
|
550 |
|
| Rossini Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 6.75%, 12/31/2029 |
|
EUR |
600 |
|
|
|
702 |
|
| 6.75%, 12/31/2029 (e) |
|
EUR |
12,910 |
|
|
|
15,111 |
|
| Teva Pharmaceutical Finance Netherlands II BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 4.38%, 05/09/2030 |
|
EUR |
1,083 |
|
|
|
1,201 |
|
| 7.38%, 09/15/2029 |
|
EUR |
200 |
|
|
|
250 |
|
| Teva Pharmaceutical Finance Netherlands III BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 3.15%, 10/01/2026 |
|
|
10,768 |
|
|
|
10,350 |
|
| 7.13%, 01/31/2025 |
|
|
500 |
|
|
|
500 |
|
| 7.88%, 09/15/2029 |
|
|
3,169 |
|
|
|
3,501 |
|
| 8.13%, 09/15/2031 |
|
|
1,248 |
|
|
|
1,431 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
196,535 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
1,178,270 |
|
|
|
|
|
|
|
|
|
|
| Diversified — 0.0% (g) |
|
|
|
|
|
|
|
|
| Holding Companies - Diversified — 0.0% (g) |
|
|
|
|
|
|
|
|
| Benteler International AG, (Austria), Reg. S, 9.38%, 05/15/2028 |
|
EUR |
1,407 |
|
|
|
1,613 |
|
| ProGroup AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 5.13%, 04/15/2029 |
|
EUR |
100 |
|
|
|
109 |
|
| Reg. S, 5.38%, 04/15/2031 |
|
EUR |
129 |
|
|
|
140 |
|
| Stena International SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| 7.25%, 01/15/2031 (e) |
|
|
300 |
|
|
|
316 |
|
| 7.63%, 02/15/2031 (e) |
|
|
400 |
|
|
|
420 |
|
|
|
|
|
|
|
|
|
|
| Total Diversified |
|
|
|
|
|
|
2,598 |
|
|
|
|
|
|
|
|
|
|
| Energy — 9.2% |
|
|
|
|
|
|
|
|
| Coal — 0.1% |
|
|
|
|
|
|
|
|
| Conuma Resources Ltd., (Canada), 13.13%, 05/01/2028 (e) |
|
|
822 |
|
|
|
845 |
|
| Coronado Finance Pty Ltd., (Australia), |
|
|
|
|
|
|
|
|
| 9.25%, 10/01/2029 (e) (w) |
|
|
2,075 |
|
|
|
2,132 |
|
| 10.75%, 05/15/2026 (e) |
|
|
1,779 |
|
|
|
1,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,828 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Energy - Alternate Sources — 0.1% |
|
|
|
|
|
|
|
|
| Cullinan Holdco Scsp, (Luxembourg), Reg. S, 4.63%, 10/15/2026 |
|
EUR |
9,234 |
|
|
|
9,090 |
|
| Greenko Dutch BV, (Netherlands), 3.85%, 03/29/2026 (e) |
|
|
541 |
|
|
|
522 |
|
| Greenko Solar Mauritius Ltd., (Mauritius), Reg. S, 5.55%, 01/29/2025 |
|
|
949 |
|
|
|
946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,558 |
|
|
|
|
|
|
|
|
|
|
| Oil & Gas — 5.3% |
|
|
|
|
|
|
|
|
| Adnoc Murban Rsc Ltd., (United Arab Emirates), 5.13%, 09/11/2054 (e) |
|
|
6,000 |
|
|
|
5,908 |
|
| Aethon United BR LP / Aethon United Finance Corp., |
|
|
|
|
|
|
|
|
| 7.50%, 10/01/2029 (e) (w) |
|
|
5,510 |
|
|
|
5,586 |
|
| 8.25%, 02/15/2026 (e) |
|
|
1,992 |
|
|
|
2,016 |
|
| Antero Resources Corp., 7.63%, 02/01/2029 (e) |
|
|
836 |
|
|
|
863 |
|
| Apache Corp., 4.38%, 10/15/2028 |
|
|
1,370 |
|
|
|
1,345 |
|
| Ascent Resources Utica Holdings LLC / ARU Finance Corp., |
|
|
|
|
|
|
|
|
| 5.88%, 06/30/2029 (e) |
|
|
6,899 |
|
|
|
6,816 |
|
| 7.00%, 11/01/2026 (e) |
|
|
1,425 |
|
|
|
1,426 |
|
| 8.25%, 12/31/2028 (e) |
|
|
6,900 |
|
|
|
7,069 |
|
| 9.00%, 11/01/2027 (e) |
|
|
2,854 |
|
|
|
3,411 |
|
| Baytex Energy Corp., (Canada), 8.50%, 04/30/2030 (e) |
|
|
1,105 |
|
|
|
1,146 |
|
| Berry Petroleum Co. LLC, 7.00%, 02/15/2026 (e) |
|
|
392 |
|
|
|
381 |
|
| Borr IHC Ltd. / Borr Finance LLC, (Multinational), |
|
|
|
|
|
|
|
|
| 10.00%, 11/15/2028 (e) |
|
|
2,174 |
|
|
|
2,256 |
|
| 10.38%, 11/15/2030 (e) |
|
|
1,578 |
|
|
|
1,668 |
|
| California Resources Corp., 7.13%, 02/01/2026 (e) |
|
|
203 |
|
|
|
203 |
|
| Canadian Natural Resources Ltd., (Canada), 3.85%, 06/01/2027 |
|
|
100 |
|
|
|
99 |
|
| Chesapeake Energy Corp., |
|
|
|
|
|
|
|
|
| 5.50%, 02/01/2026 (e) |
|
|
691 |
|
|
|
690 |
|
| 5.88%, 02/01/2029 (e) |
|
|
835 |
|
|
|
839 |
|
| 6.75%, 04/15/2029 (e) |
|
|
981 |
|
|
|
999 |
|
| Chord Energy Corp., 6.38%, 06/01/2026 (e) |
|
|
356 |
|
|
|
357 |
|
| CITGO Petroleum Corp., |
|
|
|
|
|
|
|
|
| 6.38%, 06/15/2026 (d) (e) |
|
|
425 |
|
|
|
425 |
|
| 7.00%, 06/15/2025 (d) (e) |
|
|
6,040 |
|
|
|
6,036 |
|
| 8.38%, 01/15/2029 (e) |
|
|
7,186 |
|
|
|
7,480 |
|
| Civitas Resources, Inc., |
|
|
|
|
|
|
|
|
| 5.00%, 10/15/2026 (e) |
|
|
250 |
|
|
|
247 |
|
| 8.38%, 07/01/2028 (e) |
|
|
4,692 |
|
|
|
4,878 |
|
| 8.63%, 11/01/2030 (e) |
|
|
2,253 |
|
|
|
2,387 |
|
| 8.75%, 07/01/2031 (e) |
|
|
10,177 |
|
|
|
10,773 |
|
| CNX Resources Corp., 7.25%, 03/01/2032 (e) |
|
|
835 |
|
|
|
877 |
|
| Comstock Resources, Inc., |
|
|
|
|
|
|
|
|
| 5.88%, 01/15/2030 (e) |
|
|
7,845 |
|
|
|
7,358 |
|
| 6.75%, 03/01/2029 (e) |
|
|
14,089 |
|
|
|
13,744 |
|
| Continental Resources, Inc., |
|
|
|
|
|
|
|
|
| 2.27%, 11/15/2026 (e) |
|
|
1,911 |
|
|
|
1,811 |
|
| 4.38%, 01/15/2028 |
|
|
775 |
|
|
|
763 |
|
| Coterra Energy, Inc., 4.38%, 03/15/2029 |
|
|
911 |
|
|
|
899 |
|
| Crescent Energy Finance LLC, |
|
|
|
|
|
|
|
|
| 7.38%, 01/15/2033 (e) |
|
|
8,620 |
|
|
|
8,534 |
|
| 7.63%, 04/01/2032 (e) |
|
|
6,401 |
|
|
|
6,403 |
|
| 9.25%, 02/15/2028 (e) |
|
|
3,903 |
|
|
|
4,071 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Oil & Gas — continued |
|
|
|
|
|
|
|
|
| CrownRock LP / CrownRock Finance, Inc., 5.00%, 05/01/2029 (e) |
|
|
225 |
|
|
|
228 |
|
| Devon Energy Corp., 5.25%, 10/15/2027 |
|
|
415 |
|
|
|
417 |
|
| Diamond Foreign Asset Co. / Diamond Finance LLC, (Cayman Islands), 8.50%, 10/01/2030 (e) |
|
|
3,445 |
|
|
|
3,600 |
|
| Diamondback Energy, Inc., |
|
|
|
|
|
|
|
|
| 5.15%, 01/30/2030 |
|
|
140 |
|
|
|
143 |
|
| 5.20%, 04/18/2027 |
|
|
134 |
|
|
|
137 |
|
| Ecopetrol SA, (Colombia), |
|
|
|
|
|
|
|
|
| 4.63%, 11/02/2031 |
|
|
2,500 |
|
|
|
2,147 |
|
| 5.38%, 06/26/2026 |
|
|
187 |
|
|
|
187 |
|
| 8.38%, 01/19/2036 |
|
|
4,400 |
|
|
|
4,500 |
|
| 8.63%, 01/19/2029 |
|
|
106 |
|
|
|
114 |
|
| Empresa Nacional del Petroleo, (Chile), Reg. S, 6.15%, 05/10/2033 |
|
|
5,100 |
|
|
|
5,416 |
|
| Encino Acquisition Partners Holdings LLC, 8.75%, 05/01/2031 (e) |
|
|
2,594 |
|
|
|
2,727 |
|
| EQT Corp., |
|
|
|
|
|
|
|
|
| 3.13%, 05/15/2026 (e) |
|
|
1,258 |
|
|
|
1,225 |
|
| 3.90%, 10/01/2027 |
|
|
825 |
|
|
|
811 |
|
| 7.00%, 02/01/2030 |
|
|
442 |
|
|
|
483 |
|
| Gulfport Energy Corp., 6.75%, 09/01/2029 (e) |
|
|
1,947 |
|
|
|
1,973 |
|
| Helmerich & Payne, Inc., |
|
|
|
|
|
|
|
|
| 4.65%, 12/01/2027 (e) |
|
|
344 |
|
|
|
345 |
|
| 4.85%, 12/01/2029 (e) |
|
|
674 |
|
|
|
664 |
|
| Hess Corp., 7.88%, 10/01/2029 |
|
|
750 |
|
|
|
858 |
|
| HF Sinclair Corp., |
|
|
|
|
|
|
|
|
| 5.00%, 02/01/2028 |
|
|
942 |
|
|
|
937 |
|
| 6.38%, 04/15/2027 |
|
|
936 |
|
|
|
949 |
|
| Hilcorp Energy I LP / Hilcorp Finance Co., |
|
|
|
|
|
|
|
|
| 5.75%, 02/01/2029 (e) |
|
|
7,247 |
|
|
|
7,051 |
|
| 6.00%, 04/15/2030 (e) |
|
|
740 |
|
|
|
721 |
|
| 6.00%, 02/01/2031 (e) |
|
|
5,143 |
|
|
|
4,992 |
|
| 6.25%, 11/01/2028 (e) |
|
|
2,016 |
|
|
|
2,012 |
|
| 6.25%, 04/15/2032 (e) |
|
|
650 |
|
|
|
633 |
|
| 6.88%, 05/15/2034 (e) |
|
|
3,631 |
|
|
|
3,619 |
|
| 8.38%, 11/01/2033 (e) |
|
|
11,968 |
|
|
|
12,903 |
|
| KazMunayGas National Co. JSC, (Kazakhstan), Reg. S, 6.38%, 10/24/2048 |
|
|
6,700 |
|
|
|
6,656 |
|
| Kosmos Energy Ltd., 8.75%, 10/01/2031 (e) |
|
|
6,100 |
|
|
|
6,011 |
|
| Kraken Oil & Gas Partners LLC, 7.63%, 08/15/2029 (e) |
|
|
805 |
|
|
|
804 |
|
| Leviathan Bond Ltd., (Israel), Reg. S, 6.13%, 06/30/2025 (e) |
|
|
9,300 |
|
|
|
9,142 |
|
| Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp., 6.00%, 08/01/2026 (e) |
|
|
693 |
|
|
|
689 |
|
| Matador Resources Co., |
|
|
|
|
|
|
|
|
| 6.50%, 04/15/2032 (e) |
|
|
6,485 |
|
|
|
6,475 |
|
| 6.88%, 04/15/2028 (e) |
|
|
1,964 |
|
|
|
2,001 |
|
| MEG Energy Corp., (Canada), 5.88%, 02/01/2029 (e) |
|
|
1,345 |
|
|
|
1,316 |
|
| Moss Creek Resources Holdings, Inc., 8.25%, 09/01/2031 (e) |
|
|
2,014 |
|
|
|
1,986 |
|
| Nabors Industries Ltd., (Bermuda), 7.50%, 01/15/2028 (e) |
|
|
4,596 |
|
|
|
4,306 |
|
| Nabors Industries, Inc., |
|
|
|
|
|
|
|
|
| 7.38%, 05/15/2027 (e) |
|
|
6,199 |
|
|
|
6,212 |
|
| 8.88%, 08/15/2031 (e) |
|
|
2,498 |
|
|
|
2,379 |
|
| 9.13%, 01/31/2030 (e) |
|
|
8,020 |
|
|
|
8,271 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Oil & Gas — continued |
|
|
|
|
|
|
|
|
| Noble Finance II LLC, 8.00%, 04/15/2030 (e) |
|
|
9,115 |
|
|
|
9,401 |
|
| Northern Oil & Gas, Inc., |
|
|
|
|
|
|
|
|
| 8.13%, 03/01/2028 (e) |
|
|
10,309 |
|
|
|
10,384 |
|
| 8.75%, 06/15/2031 (e) |
|
|
4,293 |
|
|
|
4,473 |
|
| Occidental Petroleum Corp., |
|
|
|
|
|
|
|
|
| 5.88%, 09/01/2025 |
|
|
715 |
|
|
|
718 |
|
| 6.38%, 09/01/2028 |
|
|
510 |
|
|
|
537 |
|
| 7.88%, 09/15/2031 |
|
|
500 |
|
|
|
579 |
|
| 8.50%, 07/15/2027 |
|
|
1,000 |
|
|
|
1,088 |
|
| Ovintiv, Inc., |
|
|
|
|
|
|
|
|
| 5.38%, 01/01/2026 |
|
|
555 |
|
|
|
559 |
|
| 5.65%, 05/15/2028 |
|
|
683 |
|
|
|
704 |
|
| Parkland Corp., (Canada), |
|
|
|
|
|
|
|
|
| 4.50%, 10/01/2029 (e) |
|
|
4,050 |
|
|
|
3,834 |
|
| 4.63%, 05/01/2030 (e) |
|
|
2,562 |
|
|
|
2,417 |
|
| 5.88%, 07/15/2027 (e) |
|
|
1,550 |
|
|
|
1,546 |
|
| 6.63%, 08/15/2032 (e) |
|
|
3,453 |
|
|
|
3,506 |
|
| PBF Holding Co. LLC / PBF Finance Corp., 7.88%, 09/15/2030 (e) |
|
|
1,065 |
|
|
|
1,097 |
|
| Permian Resources Operating LLC, |
|
|
|
|
|
|
|
|
| 5.38%, 01/15/2026 (e) |
|
|
400 |
|
|
|
399 |
|
| 5.88%, 07/01/2029 (e) |
|
|
3,553 |
|
|
|
3,549 |
|
| 6.25%, 02/01/2033 (e) |
|
|
8,789 |
|
|
|
8,916 |
|
| 7.00%, 01/15/2032 (e) |
|
|
4,873 |
|
|
|
5,069 |
|
| 8.00%, 04/15/2027 (e) |
|
|
782 |
|
|
|
805 |
|
| 9.88%, 07/15/2031 (e) |
|
|
1,205 |
|
|
|
1,345 |
|
| Pertamina Persero PT, (Indonesia), |
|
|
|
|
|
|
|
|
| Reg. S, 4.18%, 01/21/2050 |
|
|
1,900 |
|
|
|
1,576 |
|
| Reg. S, 6.50%, 11/07/2048 |
|
|
5,800 |
|
|
|
6,532 |
|
| Petrobras Global Finance BV, (Netherlands), 5.30%, 01/27/2025 |
|
|
531 |
|
|
|
529 |
|
| Petroleos del Peru SA, (Peru), |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 06/19/2032 |
|
|
6,400 |
|
|
|
5,036 |
|
| Reg. S, 5.63%, 06/19/2047 |
|
|
3,200 |
|
|
|
2,182 |
|
| Petroleos Mexicanos, (Mexico), |
|
|
|
|
|
|
|
|
| 6.35%, 02/12/2048 |
|
|
30,200 |
|
|
|
20,915 |
|
| 6.38%, 01/23/2045 |
|
|
3,800 |
|
|
|
2,647 |
|
| 6.49%, 01/23/2027 |
|
|
2,700 |
|
|
|
2,659 |
|
| 6.63%, 06/15/2035 |
|
|
8,100 |
|
|
|
6,615 |
|
| 6.70%, 02/16/2032 |
|
|
1,200 |
|
|
|
1,077 |
|
| 6.88%, 10/16/2025 |
|
|
260 |
|
|
|
260 |
|
| 7.69%, 01/23/2050 |
|
|
1,600 |
|
|
|
1,250 |
|
| Petronas Capital Ltd., (Malaysia), |
|
|
|
|
|
|
|
|
| 4.55%, 04/21/2050 (e) |
|
|
5,800 |
|
|
|
5,385 |
|
| Reg. S, 4.55%, 04/21/2050 |
|
|
700 |
|
|
|
650 |
|
| Petrorio Luxembourg Holding Sarl, (Luxembourg), Reg. S, 6.13%, 06/09/2026 |
|
|
7,000 |
|
|
|
6,993 |
|
| Precision Drilling Corp., (Canada), 6.88%, 01/15/2029 (e) |
|
|
4,385 |
|
|
|
4,372 |
|
| QatarEnergy, (Qatar), |
|
|
|
|
|
|
|
|
| Reg. S, 1.38%, 09/12/2026 |
|
|
10,000 |
|
|
|
9,482 |
|
| Reg. S, 3.13%, 07/12/2041 |
|
|
20,900 |
|
|
|
16,612 |
|
| Reg. S, 3.30%, 07/12/2051 |
|
|
3,500 |
|
|
|
2,625 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Oil & Gas — continued |
|
|
|
|
|
|
|
|
| Range Resources Corp., |
|
|
|
|
|
|
|
|
| 4.75%, 02/15/2030 (e) |
|
|
1,625 |
|
|
|
1,567 |
|
| 4.88%, 05/15/2025 |
|
|
801 |
|
|
|
797 |
|
| 8.25%, 01/15/2029 |
|
|
510 |
|
|
|
528 |
|
| Rio Oil Finance Trust Series 2014-3, Reg. S, 9.75%, 01/06/2027 |
|
|
758 |
|
|
|
783 |
|
| Rio Oil Finance Trust Series 2018-1, 8.20%, 04/06/2028 (e) |
|
|
692 |
|
|
|
706 |
|
| Seadrill Finance Ltd., (Bermuda), 8.38%, 08/01/2030 (e) |
|
|
910 |
|
|
|
950 |
|
| Sitio Royalties Operating Partnership LP / Sitio Finance Corp., 7.88%, 11/01/2028 (e) |
|
|
4,592 |
|
|
|
4,803 |
|
| SM Energy Co., |
|
|
|
|
|
|
|
|
| 6.50%, 07/15/2028 |
|
|
190 |
|
|
|
190 |
|
| 6.75%, 08/01/2029 (e) |
|
|
985 |
|
|
|
989 |
|
| 7.00%, 08/01/2032 (e) |
|
|
3,241 |
|
|
|
3,253 |
|
| Southwestern Energy Co., |
|
|
|
|
|
|
|
|
| 4.75%, 02/01/2032 |
|
|
4,942 |
|
|
|
4,729 |
|
| 5.38%, 02/01/2029 |
|
|
3,622 |
|
|
|
3,611 |
|
| 5.38%, 03/15/2030 |
|
|
6,364 |
|
|
|
6,345 |
|
| 5.70%, 01/23/2025 |
|
|
468 |
|
|
|
468 |
|
| 8.38%, 09/15/2028 |
|
|
250 |
|
|
|
257 |
|
| State Oil Co. of the Azerbaijan Republic, (Azerbaijan), Reg. S, 6.95%, 03/18/2030 |
|
|
9,100 |
|
|
|
9,675 |
|
| Strathcona Resources Ltd., (Canada), 6.88%, 08/01/2026 (e) |
|
|
600 |
|
|
|
597 |
|
| Suncor Energy, Inc., (Canada), 7.88%, 06/15/2026 |
|
|
145 |
|
|
|
153 |
|
| Sunoco LP, 7.00%, 05/01/2029 (e) |
|
|
960 |
|
|
|
1,003 |
|
| Sunoco LP / Sunoco Finance Corp., |
|
|
|
|
|
|
|
|
| 4.50%, 05/15/2029 |
|
|
4,875 |
|
|
|
4,686 |
|
| 4.50%, 04/30/2030 |
|
|
1,350 |
|
|
|
1,294 |
|
| 5.88%, 03/15/2028 |
|
|
495 |
|
|
|
497 |
|
| Talos Production, Inc., |
|
|
|
|
|
|
|
|
| 9.00%, 02/01/2029 (e) |
|
|
2,576 |
|
|
|
2,653 |
|
| 9.38%, 02/01/2031 (e) |
|
|
921 |
|
|
|
947 |
|
| Tengizchevroil Finance Co. International Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| 2.63%, 08/15/2025 (e) |
|
|
800 |
|
|
|
780 |
|
| Reg. S, 3.25%, 08/15/2030 |
|
|
2,900 |
|
|
|
2,519 |
|
| Reg. S, 4.00%, 08/15/2026 |
|
|
607 |
|
|
|
593 |
|
| TGNR Intermediate Holdings LLC, 5.50%, 10/15/2029 (e) |
|
|
3,321 |
|
|
|
3,155 |
|
| Transocean Aquila Ltd., (Cayman Islands), 8.00%, 09/30/2028 (e) |
|
|
527 |
|
|
|
540 |
|
| Transocean Titan Financing Ltd., (Cayman Islands), 8.38%, 02/01/2028 (e) |
|
|
925 |
|
|
|
953 |
|
| Transocean, Inc., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 8.00%, 02/01/2027 (e) |
|
|
4,604 |
|
|
|
4,601 |
|
| 8.25%, 05/15/2029 (e) |
|
|
11,517 |
|
|
|
11,415 |
|
| 8.50%, 05/15/2031 (e) |
|
|
9,815 |
|
|
|
9,750 |
|
| 8.75%, 02/15/2030 (e) |
|
|
8,286 |
|
|
|
8,639 |
|
| Valaris Ltd., (Bermuda), 8.38%, 04/30/2030 (e) |
|
|
10,930 |
|
|
|
11,261 |
|
| Vantage Drilling International Ltd., (Cayman Islands), 9.50%, 02/15/2028 (e) |
|
|
2,509 |
|
|
|
2,525 |
|
| Var Energi ASA, (Norway), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 4.77%), 7.86%, 11/15/2083 (aa) |
|
EUR |
8,938 |
|
|
|
10,919 |
|
| Vermilion Energy, Inc., (Canada), 6.88%, 05/01/2030 (e) |
|
|
197 |
|
|
|
197 |
|
| Viper Energy, Inc., 5.38%, 11/01/2027 (e) |
|
|
700 |
|
|
|
697 |
|
| Vital Energy, Inc., |
|
|
|
|
|
|
|
|
| 7.88%, 04/15/2032 (e) |
|
|
8,024 |
|
|
|
7,774 |
|
| 9.75%, 10/15/2030 |
|
|
4,227 |
|
|
|
4,516 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Oil & Gas — continued |
|
|
|
|
|
|
|
|
| Wildfire Intermediate Holdings LLC, 7.50%, 10/15/2029 (e) |
|
|
2,074 |
|
|
|
2,036 |
|
| Wintershall Dea Finance 2 BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Series NC5, Reg. S, (EUR Swap Rate 5 Year + 2.92%), 2.50%, 04/20/2026 (x) (aa) |
|
EUR |
3,000 |
|
|
|
3,205 |
|
| Series NC8, Reg. S, (EUR Swap Rate 5 Year + 3.32%), 3.00%, 07/20/2028 (x) (aa) |
|
EUR |
6,200 |
|
|
|
6,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
538,059 |
|
|
|
|
|
|
|
|
|
|
| Oil & Gas Services — 0.5% |
|
|
|
|
|
|
|
|
| Archrock Partners LP / Archrock Partners Finance Corp., |
|
|
|
|
|
|
|
|
| 6.25%, 04/01/2028 (e) |
|
|
6,143 |
|
|
|
6,171 |
|
| 6.63%, 09/01/2032 (e) |
|
|
8,368 |
|
|
|
8,581 |
|
| 6.88%, 04/01/2027 (e) |
|
|
573 |
|
|
|
575 |
|
| Enerflex Ltd., (Canada), 9.00%, 10/15/2027 (e) |
|
|
786 |
|
|
|
812 |
|
| Guara Norte Sarl, (Luxembourg), Reg. S, 5.20%, 06/15/2034 |
|
|
6,542 |
|
|
|
6,233 |
|
| Kodiak Gas Services LLC, 7.25%, 02/15/2029 (e) |
|
|
8,863 |
|
|
|
9,174 |
|
| Oceaneering International, Inc., 6.00%, 02/01/2028 |
|
|
295 |
|
|
|
296 |
|
| OEG Finance plc, (United Kingdom), Reg. S, 7.25%, 09/27/2029 |
|
EUR |
206 |
|
|
|
233 |
|
| Star Holding LLC, 8.75%, 08/01/2031 (e) |
|
|
2,874 |
|
|
|
2,741 |
|
| USA Compression Partners LP / USA Compression Finance Corp., 7.13%, 03/15/2029 (e) |
|
|
3,306 |
|
|
|
3,405 |
|
| Weatherford International Ltd., (Bermuda), 8.63%, 04/30/2030 (e) |
|
|
4,046 |
|
|
|
4,212 |
|
| Welltec International ApS, (Denmark), 8.25%, 10/15/2026 (e) |
|
|
200 |
|
|
|
205 |
|
| Yinson Boronia Production BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 8.95%, 07/31/2042 (e) |
|
|
2,200 |
|
|
|
2,348 |
|
| Reg. S, 8.95%, 07/31/2042 |
|
|
1,270 |
|
|
|
1,355 |
|
| Yinson Production Financial Services Pte Ltd., (Singapore), Reg. S, 9.63%, 05/03/2029 (e) |
|
|
3,600 |
|
|
|
3,684 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50,025 |
|
|
|
|
|
|
|
|
|
|
| Pipelines — 3.2% |
|
|
|
|
|
|
|
|
| Antero Midstream Partners LP / Antero Midstream Finance Corp., |
|
|
|
|
|
|
|
|
| 5.38%, 06/15/2029 (e) |
|
|
7,424 |
|
|
|
7,347 |
|
| 5.75%, 03/01/2027 (e) |
|
|
1,800 |
|
|
|
1,799 |
|
| 5.75%, 01/15/2028 (e) |
|
|
4,646 |
|
|
|
4,653 |
|
| 6.63%, 02/01/2032 (e) |
|
|
1,506 |
|
|
|
1,558 |
|
| Blue Racer Midstream LLC / Blue Racer Finance Corp., |
|
|
|
|
|
|
|
|
| 7.00%, 07/15/2029 (e) |
|
|
4,824 |
|
|
|
5,015 |
|
| 7.25%, 07/15/2032 (e) |
|
|
2,660 |
|
|
|
2,791 |
|
| Buckeye Partners LP, |
|
|
|
|
|
|
|
|
| 3.95%, 12/01/2026 |
|
|
88 |
|
|
|
85 |
|
| 4.13%, 03/01/2025 (e) |
|
|
527 |
|
|
|
523 |
|
| 4.35%, 10/15/2024 |
|
|
88 |
|
|
|
88 |
|
| 5.60%, 10/15/2044 |
|
|
46 |
|
|
|
39 |
|
| 5.85%, 11/15/2043 |
|
|
1,770 |
|
|
|
1,590 |
|
| 6.88%, 07/01/2029 (e) |
|
|
634 |
|
|
|
650 |
|
| Cheniere Energy Partners LP, 4.00%, 03/01/2031 |
|
|
600 |
|
|
|
568 |
|
| Cheniere Energy, Inc., 4.63%, 10/15/2028 |
|
|
800 |
|
|
|
795 |
|
| CNX Midstream Partners LP, 4.75%, 04/15/2030 (e) |
|
|
1,230 |
|
|
|
1,150 |
|
| Columbia Pipelines Holding Co. LLC, |
|
|
|
|
|
|
|
|
| 6.04%, 08/15/2028 (e) |
|
|
473 |
|
|
|
494 |
|
| 6.06%, 08/15/2026 (e) |
|
|
500 |
|
|
|
512 |
|
| CQP Holdco LP / BIP-V Chinook Holdco LLC, 5.50%, 06/15/2031 (e) |
|
|
12,514 |
|
|
|
12,270 |
|
| DCP Midstream Operating LP, 5.38%, 07/15/2025 |
|
|
103 |
|
|
|
103 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pipelines — continued |
|
|
|
|
|
|
|
|
| DT Midstream, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 06/15/2029 (e) |
|
|
2,466 |
|
|
|
2,359 |
|
| 4.38%, 06/15/2031 (e) |
|
|
171 |
|
|
|
162 |
|
| Enbridge, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 5.30%, 04/05/2029 |
|
|
206 |
|
|
|
213 |
|
| 5.90%, 11/15/2026 |
|
|
96 |
|
|
|
99 |
|
| (CMT Index 5 Year + 2.97%), 7.20%, 06/27/2054 (aa) |
|
|
2,888 |
|
|
|
3,027 |
|
| (CMT Index 5 Year + 3.12%), 7.38%, 03/15/2055 (aa) |
|
|
1,688 |
|
|
|
1,751 |
|
| (CMT Index 5 Year + 4.43%), 8.50%, 01/15/2084 (aa) |
|
|
891 |
|
|
|
997 |
|
| Energy Transfer LP, |
|
|
|
|
|
|
|
|
| 5.63%, 05/01/2027 (e) |
|
|
1,133 |
|
|
|
1,137 |
|
| 6.00%, 02/01/2029 (e) |
|
|
932 |
|
|
|
954 |
|
| (CMT Index 5 Year + 2.83%), 7.13%, 10/01/2054 (aa) |
|
|
2,742 |
|
|
|
2,805 |
|
| (CMT Index 5 Year + 4.02%), 8.00%, 05/15/2054 (aa) |
|
|
4,080 |
|
|
|
4,392 |
|
| Series B, (ICE LIBOR USD 3 Month + 4.16%), 6.63%, 02/15/2028 (x) (aa) |
|
|
731 |
|
|
|
721 |
|
| Series H, (CMT Index 5 Year + 5.69%), 6.50%, 11/15/2026 (x) (aa) |
|
|
5,655 |
|
|
|
5,641 |
|
| EnLink Midstream LLC, 5.63%, 01/15/2028 (e) |
|
|
490 |
|
|
|
502 |
|
| EnLink Midstream Partners LP, 4.15%, 06/01/2025 |
|
|
944 |
|
|
|
936 |
|
| EQM Midstream Partners LP, |
|
|
|
|
|
|
|
|
| 4.50%, 01/15/2029 (e) |
|
|
11 |
|
|
|
11 |
|
| 4.75%, 01/15/2031 (e) |
|
|
6,212 |
|
|
|
6,015 |
|
| 6.00%, 07/01/2025 (e) |
|
|
74 |
|
|
|
74 |
|
| 6.38%, 04/01/2029 (e) |
|
|
2,189 |
|
|
|
2,260 |
|
| 6.50%, 07/01/2027 (e) |
|
|
1,750 |
|
|
|
1,803 |
|
| 7.50%, 06/01/2027 (e) |
|
|
1,760 |
|
|
|
1,811 |
|
| 7.50%, 06/01/2030 (e) |
|
|
2,758 |
|
|
|
3,030 |
|
| Genesis Energy LP / Genesis Energy Finance Corp., |
|
|
|
|
|
|
|
|
| 7.75%, 02/01/2028 |
|
|
927 |
|
|
|
939 |
|
| 7.88%, 05/15/2032 |
|
|
5,294 |
|
|
|
5,388 |
|
| 8.00%, 01/15/2027 |
|
|
383 |
|
|
|
392 |
|
| 8.25%, 01/15/2029 |
|
|
2,664 |
|
|
|
2,759 |
|
| 8.88%, 04/15/2030 |
|
|
1,189 |
|
|
|
1,250 |
|
| Global Partners LP / GLP Finance Corp., |
|
|
|
|
|
|
|
|
| 6.88%, 01/15/2029 |
|
|
1,300 |
|
|
|
1,304 |
|
| 7.00%, 08/01/2027 |
|
|
2,100 |
|
|
|
2,116 |
|
| 8.25%, 01/15/2032 (e) |
|
|
1,680 |
|
|
|
1,742 |
|
| Harvest Midstream I LP, 7.50%, 05/15/2032 (e) |
|
|
2,347 |
|
|
|
2,468 |
|
| Hess Midstream Operations LP, 6.50%, 06/01/2029 (e) |
|
|
1,651 |
|
|
|
1,709 |
|
| Howard Midstream Energy Partners LLC, |
|
|
|
|
|
|
|
|
| 7.38%, 07/15/2032 (e) |
|
|
3,241 |
|
|
|
3,357 |
|
| 8.88%, 07/15/2028 (e) |
|
|
1,535 |
|
|
|
1,628 |
|
| ITT Holdings LLC, 6.50%, 08/01/2029 (e) |
|
|
4,086 |
|
|
|
3,873 |
|
| Kinder Morgan, Inc., 5.00%, 02/01/2029 |
|
|
315 |
|
|
|
322 |
|
| Kinetik Holdings LP, |
|
|
|
|
|
|
|
|
| 5.88%, 06/15/2030 (e) |
|
|
93 |
|
|
|
94 |
|
| 6.63%, 12/15/2028 (e) |
|
|
602 |
|
|
|
625 |
|
| NGL Energy Operating LLC / NGL Energy Finance Corp., |
|
|
|
|
|
|
|
|
| 8.13%, 02/15/2029 (e) |
|
|
4,742 |
|
|
|
4,862 |
|
| 8.38%, 02/15/2032 (e) |
|
|
11,782 |
|
|
|
12,132 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Pipelines — continued |
|
|
|
|
|
|
|
|
| NGPL PipeCo. LLC, 4.88%, 08/15/2027 (e) |
|
|
549 |
|
|
|
551 |
|
| Northriver Midstream Finance LP, (Canada), 6.75%, 07/15/2032 (e) |
|
|
1,579 |
|
|
|
1,630 |
|
| Plains All American Pipeline LP / PAA Finance Corp., 3.60%, 11/01/2024 |
|
|
23 |
|
|
|
23 |
|
| Prairie Acquiror LP, 9.00%, 08/01/2029 (e) |
|
|
1,197 |
|
|
|
1,236 |
|
| Rockies Express Pipeline LLC, |
|
|
|
|
|
|
|
|
| 3.60%, 05/15/2025 (e) |
|
|
1,000 |
|
|
|
983 |
|
| 4.80%, 05/15/2030 (e) |
|
|
1,770 |
|
|
|
1,668 |
|
| 4.95%, 07/15/2029 (e) |
|
|
183 |
|
|
|
175 |
|
| 6.88%, 04/15/2040 (e) |
|
|
3,675 |
|
|
|
3,581 |
|
| 7.50%, 07/15/2038 (e) |
|
|
1,425 |
|
|
|
1,481 |
|
| Sabal Trail Transmission LLC, 4.25%, 05/01/2028 (e) |
|
|
800 |
|
|
|
792 |
|
| Sabine Pass Liquefaction LLC, 5.88%, 06/30/2026 |
|
|
250 |
|
|
|
254 |
|
| South Bow Canadian Infrastructure Holdings Ltd., (Canada), |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 3.67%), 7.50%, 03/01/2055 (e) (aa) |
|
|
2,939 |
|
|
|
3,088 |
|
| (CMT Index 5 Year + 3.95%), 7.63%, 03/01/2055 (e) (aa) |
|
|
1,281 |
|
|
|
1,328 |
|
| South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 (e) |
|
|
1,000 |
|
|
|
1,007 |
|
| Southern Gas Corridor CJSC, (Azerbaijan), Reg. S, 6.88%, 03/24/2026 |
|
|
13,900 |
|
|
|
14,217 |
|
| Summit Midstream Holdings LLC, 8.63%, 10/31/2029 (e) |
|
|
1,454 |
|
|
|
1,520 |
|
| Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., |
|
|
|
|
|
|
|
|
| 5.50%, 01/15/2028 (e) |
|
|
6,414 |
|
|
|
6,211 |
|
| 6.00%, 03/01/2027 (e) |
|
|
1,063 |
|
|
|
1,062 |
|
| 6.00%, 12/31/2030 (e) |
|
|
2,503 |
|
|
|
2,378 |
|
| 6.00%, 09/01/2031 (e) |
|
|
2,414 |
|
|
|
2,287 |
|
| 7.38%, 02/15/2029 (e) |
|
|
5,994 |
|
|
|
6,069 |
|
| Targa Resources Partners LP / Targa Resources Partners Finance Corp., |
|
|
|
|
|
|
|
|
| 5.00%, 01/15/2028 |
|
|
1,081 |
|
|
|
1,081 |
|
| 6.50%, 07/15/2027 |
|
|
244 |
|
|
|
247 |
|
| 6.88%, 01/15/2029 |
|
|
1,490 |
|
|
|
1,527 |
|
| TransCanada PipeLines Ltd., (Canada), 6.20%, 03/09/2026 |
|
|
1,619 |
|
|
|
1,621 |
|
| Venture Global Calcasieu Pass LLC, |
|
|
|
|
|
|
|
|
| 3.88%, 08/15/2029 (e) |
|
|
6,215 |
|
|
|
5,880 |
|
| 3.88%, 11/01/2033 (e) |
|
|
4,921 |
|
|
|
4,412 |
|
| 4.13%, 08/15/2031 (e) |
|
|
3,055 |
|
|
|
2,840 |
|
| 6.25%, 01/15/2030 (e) |
|
|
450 |
|
|
|
472 |
|
| Venture Global LNG, Inc., |
|
|
|
|
|
|
|
|
| 7.00%, 01/15/2030 (e) |
|
|
1,715 |
|
|
|
1,752 |
|
| 8.13%, 06/01/2028 (e) |
|
|
750 |
|
|
|
782 |
|
| 8.38%, 06/01/2031 (e) |
|
|
14,210 |
|
|
|
15,007 |
|
| (CMT Index 5 Year + 5.44%), 9.00%, 09/30/2029 (e) (x) (aa) |
|
|
45,530 |
|
|
|
46,160 |
|
| 9.50%, 02/01/2029 (e) |
|
|
29,046 |
|
|
|
32,633 |
|
| 9.88%, 02/01/2032 (e) |
|
|
19,109 |
|
|
|
21,239 |
|
| Western Midstream Operating LP, |
|
|
|
|
|
|
|
|
| 4.65%, 07/01/2026 |
|
|
1,120 |
|
|
|
1,120 |
|
| 4.75%, 08/15/2028 |
|
|
121 |
|
|
|
121 |
|
| 5.50%, 08/15/2048 |
|
|
400 |
|
|
|
371 |
|
| Whistler Pipeline LLC, 5.40%, 09/30/2029 (e) |
|
|
500 |
|
|
|
510 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
319,006 |
|
|
|
|
|
|
|
|
|
|
| Total Energy |
|
|
|
|
|
|
922,476 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Financial — 13.3% |
|
|
|
|
|
|
|
|
| Banks — 3.9% |
|
|
|
|
|
|
|
|
| Abanca Corp. Bancaria SA, (Spain), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.25%), 8.38%, 09/23/2033 (aa) |
|
EUR |
5,100 |
|
|
|
6,416 |
|
| ABN AMRO Bank NV, (Netherlands), |
|
|
|
|
|
|
|
|
| 4.75%, 07/28/2025 (e) |
|
|
700 |
|
|
|
697 |
|
| (CMT Index 1 Year + 1.65%), 6.34%, 09/18/2027 (e) (aa) |
|
|
2,200 |
|
|
|
2,277 |
|
| Reg. S, (EUR Swap Rate 5 Year + 4.24%), 6.88%, 09/22/2031 (x) (aa) |
|
EUR |
4,000 |
|
|
|
4,647 |
|
| AIB Group plc, (Ireland), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 5.70%), 5.25%, 10/09/2024 (x) (aa) |
|
EUR |
359 |
|
|
|
400 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.63%), 6.25%, 06/23/2025 (x) (aa) |
|
EUR |
600 |
|
|
|
674 |
|
| (United States SOFR + 2.33%), 6.61%, 09/13/2029 (e) (aa) |
|
|
616 |
|
|
|
659 |
|
| Alpha Bank SA, (Greece), Reg. S, (EUR Swap Rate 1 Year + 2.43%), 5.00%, 05/12/2030 (aa) |
|
EUR |
300 |
|
|
|
347 |
|
| Banca Monte dei Paschi di Siena SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.21%), 6.75%, 03/02/2026 (aa) |
|
EUR |
100 |
|
|
|
113 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.01%), 7.71%, 01/18/2028 (aa) |
|
EUR |
100 |
|
|
|
121 |
|
| Reg. S, (EUR Swap Rate 5 Year + 8.92%), 8.50%, 09/10/2030 (aa) |
|
EUR |
4,510 |
|
|
|
5,179 |
|
| Reg. S, 10.50%, 07/23/2029 |
|
EUR |
500 |
|
|
|
683 |
|
| Banco Bilbao Vizcaya Argentaria SA, (Spain), |
|
|
|
|
|
|
|
|
| 5.38%, 03/13/2029 |
|
|
200 |
|
|
|
208 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.46%), 6.00%, 01/15/2026 (x) (aa) |
|
EUR |
200 |
|
|
|
225 |
|
| Reg. S, (EUR Swap Rate 5 Year + 4.27%), 6.88%, 12/13/2030 (x) (aa) |
|
EUR |
200 |
|
|
|
228 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.54%), 8.38%, 06/21/2028 (x) (aa) |
|
EUR |
2,400 |
|
|
|
2,913 |
|
| Banco BPM SpA, (Italy), Reg. S, (EUR Swap Rate 5 Year + 3.40%), 3.38%, 01/19/2032 (aa) |
|
EUR |
214 |
|
|
|
235 |
|
| Banco Davivienda SA, (Colombia), Reg. S, (CMT Index 10 Year + 5.10%), 6.65%, 04/22/2031 (x) (aa) |
|
|
3,800 |
|
|
|
3,259 |
|
| Banco de Credito Social Cooperativo SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 1.70%), 4.13%, 09/03/2030 (aa) |
|
EUR |
200 |
|
|
|
225 |
|
| Reg. S, (ICE EURIBOR Swap Rate 1 Year + 4.27%), 7.50%, 09/14/2029 (aa) |
|
EUR |
500 |
|
|
|
634 |
|
| Banco de Sabadell SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 2.95%), 2.50%, 04/15/2031 (aa) |
|
EUR |
200 |
|
|
|
219 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.20%), 5.75%, 03/15/2026 (x) (aa) |
|
EUR |
200 |
|
|
|
221 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.15%)6.00%, 08/16/2033 (aa) |
|
EUR |
9,200 |
|
|
|
10,956 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.83%), 9.38%, 07/18/2028 (x) (aa) |
|
EUR |
7,800 |
|
|
|
9,648 |
|
| Banco Mercantil del Norte SA, (Mexico), Reg. S, (CMT Index 1 Year + 5.47%), 7.50%, 06/27/2029 (x) (aa) |
|
|
3,700 |
|
|
|
3,708 |
|
| Banco Nacional de Comercio Exterior SNC, (Mexico), Reg. S, 4.38%, 10/14/2025 |
|
|
1,938 |
|
|
|
1,927 |
|
| Banco Santander SA, (Spain), 6.92%, 08/08/2033 |
|
|
800 |
|
|
|
884 |
|
| Bank of America Corp., |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.96%), 1.73%, 07/22/2027 (aa) |
|
|
98 |
|
|
|
93 |
|
| (CME Term SOFR 3 Month + 1.13%), 2.46%, 10/22/2025 (aa) |
|
|
709 |
|
|
|
708 |
|
| (CME Term SOFR 3 Month + 1.35%), 3.09%, 10/01/2025 (aa) |
|
|
18 |
|
|
|
18 |
|
| (United States SOFR + 1.33%), 3.38%, 04/02/2026 (aa) |
|
|
672 |
|
|
|
667 |
|
| (CME Term SOFR 3 Month + 1.63%), 3.59%, 07/21/2028 (aa) |
|
|
1,460 |
|
|
|
1,433 |
|
| (United States SOFR + 2.04%), 4.95%, 07/22/2028 (aa) |
|
|
230 |
|
|
|
234 |
|
| Series L, 3.95%, 04/21/2025 |
|
|
552 |
|
|
|
549 |
|
| Bank of Cyprus Holdings plc, (Ireland), Reg. S, (EUR Swap Rate 5 Year + 6.90%), 6.63%, 10/23/2031 (aa) |
|
EUR |
5,269 |
|
|
|
5,991 |
|
| Bank of Cyprus PCL, (Cyprus), Reg. S, (ICE LIBOR EUR 3 Month + 1.97%), 5.00%, 05/02/2029 (aa) |
|
EUR |
600 |
|
|
|
685 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Bank of Ireland Group plc, (Ireland), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.10%), 2.03%, 09/30/2027 (e) (aa) |
|
|
1,316 |
|
|
|
1,256 |
|
| (United States SOFR + 1.62%), 5.60%, 03/20/2030 (e) (aa) |
|
|
534 |
|
|
|
554 |
|
| (CMT Index 1 Year + 2.65%), 6.25%, 09/16/2026 (e) (aa) |
|
|
400 |
|
|
|
405 |
|
| Reg. S, (EUR Swap Rate 5 Year + 7.92%), 7.50%, 05/19/2025 (x) (aa) |
|
EUR |
400 |
|
|
|
455 |
|
| Bank of Montreal, (Canada), 5.27%, 12/11/2026 |
|
|
83 |
|
|
|
85 |
|
| Bank of Nova Scotia (The), (Canada), 5.45%, 06/12/2025 |
|
|
60 |
|
|
|
60 |
|
| Bankinter SA, (Spain), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 4.71%), 7.38%, 08/15/2028 (x) (aa) |
|
EUR |
600 |
|
|
|
701 |
|
| BankUnited, Inc., 4.88%, 11/17/2025 |
|
|
544 |
|
|
|
541 |
|
| Barclays plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.05%), 2.28%, 11/24/2027 (aa) |
|
|
449 |
|
|
|
428 |
|
| (United States SOFR + 2.71%), 2.85%, 05/07/2026 (aa) |
|
|
376 |
|
|
|
371 |
|
| (CMT Index 5 Year + 3.41%), 4.38%, 03/15/2028 (x) (aa) |
|
|
465 |
|
|
|
416 |
|
| (United States SOFR + 1.34%), 4.84%, 09/10/2028 (aa) |
|
|
857 |
|
|
|
864 |
|
| (United States SOFR + 1.88%), 6.50%, 09/13/2027 (aa) |
|
|
662 |
|
|
|
686 |
|
| (CMT Index 1 Year + 3.05%), 7.33%, 11/02/2026 (aa) |
|
|
356 |
|
|
|
365 |
|
| (CMT Index 5 Year + 5.43%), 8.00%, 03/15/2029 (x) (aa) |
|
|
1,834 |
|
|
|
1,932 |
|
| (GBP Swap Rate 5 Year + 5.64%), 9.25%, 09/15/2028 (x) (aa) |
|
GBP |
12,650 |
|
|
|
17,942 |
|
| (USD SOFR ICE Swap Rate 5 Year + 5.78%), 9.63%, 12/15/2029 (x) (aa) |
|
|
10,305 |
|
|
|
11,603 |
|
| BNP Paribas SA, (France), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.00%), 1.32%, 01/13/2027 (e) (aa) |
|
|
1,250 |
|
|
|
1,198 |
|
| (United States SOFR + 1.61%), 1.90%, 09/30/2028 (e) (aa) |
|
|
600 |
|
|
|
557 |
|
| (United States SOFR + 2.07%), 2.22%, 06/09/2026 (e) (aa) |
|
|
711 |
|
|
|
697 |
|
| (United States SOFR + 1.23%), 2.59%, 01/20/2028 (e) (aa) |
|
|
1,838 |
|
|
|
1,764 |
|
| (CME Term SOFR 3 Month + 1.37%), 2.82%, 11/19/2025 (e) (aa) |
|
|
200 |
|
|
|
199 |
|
| (United States SOFR + 1.59%), 5.50%, 05/20/2030 (e) (aa) |
|
|
200 |
|
|
|
207 |
|
| BOI Finance BV, (Netherlands), Reg. S, 7.50%, 02/16/2027 |
|
EUR |
2,100 |
|
|
|
2,212 |
|
| BPCE SA, (France), |
|
|
|
|
|
|
|
|
| 4.50%, 03/15/2025 (e) |
|
|
500 |
|
|
|
497 |
|
| 4.88%, 04/01/2026 (e) |
|
|
200 |
|
|
|
200 |
|
| CaixaBank SA, (Spain), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 4.50%), 5.25%, 03/23/2026 (x) (aa) |
|
EUR |
5,400 |
|
|
|
5,944 |
|
| (United States SOFR + 1.78%), 5.67%, 03/15/2030 (e) (aa) |
|
|
203 |
|
|
|
211 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.35%), 5.88%, 10/09/2027 (x) (aa) |
|
EUR |
400 |
|
|
|
447 |
|
| Canadian Imperial Bank of Commerce, (Canada), 5.00%, 04/28/2028 |
|
|
33 |
|
|
|
34 |
|
| Citigroup, Inc., |
|
|
|
|
|
|
|
|
| (United States SOFR + 2.84%), 3.11%, 04/08/2026 (aa) |
|
|
2,079 |
|
|
|
2,058 |
|
| (CME Term SOFR 3 Month + 1.82%), 3.89%, 01/10/2028 (aa) |
|
|
1,148 |
|
|
|
1,136 |
|
| (United States SOFR + 1.36%), 5.17%, 02/13/2030 (aa) |
|
|
1,569 |
|
|
|
1,610 |
|
| Series AA, (CMT Index 5 Year + 3.21%), 7.63%, 11/15/2028 (x) (aa) |
|
|
1,455 |
|
|
|
1,555 |
|
| Series CC, (CMT Index 5 Year + 2.69%), 7.13%, 08/15/2029 (x) (aa) |
|
|
9,870 |
|
|
|
10,271 |
|
| Series DD, (CMT Index 1 Year + 2.76%), 7.00%, 08/15/2034 (x) (aa) |
|
|
2,380 |
|
|
|
2,550 |
|
| Series X, (CMT Index 5 Year + 3.42%), 3.88%, 02/18/2026 (x) (aa) |
|
|
4,860 |
|
|
|
4,677 |
|
| Citizens Bank NA, (United States SOFR + 1.45%), 6.06%, 10/24/2025 (aa) |
|
|
926 |
|
|
|
926 |
|
| Commerzbank AG, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 4.39%), 4.25%, 10/09/2027 (x) (aa) |
|
EUR |
200 |
|
|
|
207 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.36%), 6.13%, 10/09/2025 (x) (aa) |
|
EUR |
800 |
|
|
|
893 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.74%), 6.50%, 10/09/2029 (x) (aa) |
|
EUR |
400 |
|
|
|
452 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.13%), 7.88%, 10/09/2031 (x) (aa) |
|
EUR |
200 |
|
|
|
238 |
|
| Cooperatieve Rabobank UA, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 4.68%), 4.38%, 06/29/2027 (x) (aa) |
|
EUR |
200 |
|
|
|
217 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.72%), 4.88%, 06/29/2029 (x) (aa) |
|
EUR |
11,000 |
|
|
|
11,820 |
|
| Credit Agricole SA, (France), 4.38%, 03/17/2025 (e) |
|
|
450 |
|
|
|
448 |
|
| Danske Bank A/S, (Denmark), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 1.35%), 1.62%, 09/11/2026 (e) (aa) |
|
|
1,709 |
|
|
|
1,657 |
|
| (ICE LIBOR USD 3 Month + 1.59%), 3.24%, 12/20/2025 (e) (aa) |
|
|
1,193 |
|
|
|
1,187 |
|
| (CMT Index 1 Year + 1.75%), 4.30%, 04/01/2028 (e) (aa) |
|
|
900 |
|
|
|
896 |
|
| (CMT Index 1 Year + 2.10%), 6.47%, 01/09/2026 (e) (aa) |
|
|
1,815 |
|
|
|
1,821 |
|
| Deutsche Bank AG, (Germany), |
|
|
|
|
|
|
|
|
| 4.50%, 04/01/2025 |
|
|
1,576 |
|
|
|
1,569 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 4.55%), 4.50%, 11/30/2026 (x) (aa) |
|
EUR |
200 |
|
|
|
204 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 4.75%), 4.63%, 10/30/2027 (x) (aa) |
|
EUR |
200 |
|
|
|
201 |
|
| Reg. S, (USD SOFR Spread-Adjusted ICE Swap Rate 5 Year + 4.36%), 4.79%, 04/30/2025 (x) (aa) |
|
|
600 |
|
|
|
582 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.69%), 6.75%, 10/30/2028 (x) (aa) |
|
EUR |
8,000 |
|
|
|
8,805 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.26%), 8.13%, 10/30/2029 (x) (aa) |
|
EUR |
200 |
|
|
|
232 |
|
| Discover Bank, 4.25%, 03/13/2026 |
|
|
250 |
|
|
|
249 |
|
| Erste Group Bank AG, (Austria), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 4.65%), 4.25%, 10/15/2027 (x) (aa) |
|
EUR |
5,800 |
|
|
|
6,053 |
|
| Reg. S, (EUR Swap Rate 5 Year + 5.46%), 8.50%, 10/15/2028 (x) (aa) |
|
EUR |
2,600 |
|
|
|
3,183 |
|
| Eurobank SA, (Greece), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 1 Year + 1.80%), 4.00%, 09/24/2030 (aa) |
|
EUR |
225 |
|
|
|
252 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.17%), 4.88%, 04/30/2031 (aa) |
|
EUR |
10,150 |
|
|
|
11,797 |
|
| Federation des Caisses Desjardins du Quebec, (Canada), |
|
|
|
|
|
|
|
|
| 5.25%, 04/26/2029 (e) |
|
|
371 |
|
|
|
382 |
|
| 5.70%, 03/14/2028 (e) |
|
|
200 |
|
|
|
207 |
|
| First Citizens BancShares, Inc., (CME Term SOFR 3 Month + 2.47%), 3.38%, 03/15/2030 (aa) |
|
|
155 |
|
|
|
152 |
|
| Freedom Mortgage Corp., |
|
|
|
|
|
|
|
|
| 6.63%, 01/15/2027 (e) |
|
|
500 |
|
|
|
501 |
|
| 7.63%, 05/01/2026 (e) |
|
|
3,383 |
|
|
|
3,413 |
|
| 12.00%, 10/01/2028 (e) |
|
|
1,507 |
|
|
|
1,647 |
|
| 12.25%, 10/01/2030 (e) |
|
|
1,033 |
|
|
|
1,157 |
|
| Goldman Sachs Group, Inc. (The), |
|
|
|
|
|
|
|
|
| (United States SOFR + 0.91%), 1.95%, 10/21/2027 (aa) |
|
|
200 |
|
|
|
191 |
|
| (United States SOFR + 1.11%), 2.64%, 02/24/2028 (aa) |
|
|
2,117 |
|
|
|
2,034 |
|
| (CME Term SOFR 3 Month + 1.56%), 4.22%, 05/01/2029 (aa) |
|
|
714 |
|
|
|
709 |
|
| (United States SOFR + 1.08%), 5.80%, 08/10/2026 (aa) |
|
|
69 |
|
|
|
70 |
|
| Series Y, (CMT Index 1 Year + 2.40%), 6.13%, 11/10/2034 (x) (aa) |
|
|
9,008 |
|
|
|
9,061 |
|
| HSBC Holdings plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.43%), 3.00%, 03/10/2026 (aa) |
|
|
3,053 |
|
|
|
3,024 |
|
| (CME Term SOFR 3 Month + 1.61%), 4.29%, 09/12/2026 (aa) |
|
|
585 |
|
|
|
582 |
|
| (CMT Index 5 Year + 3.65%), 4.60%, 12/17/2030 (x) (aa) |
|
|
200 |
|
|
|
182 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.84%), 4.75%, 07/04/2029 (x) (aa) |
|
EUR |
400 |
|
|
|
435 |
|
| (United States SOFR + 1.06%), 5.60%, 05/17/2028 (aa) |
|
|
486 |
|
|
|
499 |
|
| (United States SOFR + 1.57%), 5.89%, 08/14/2027 (aa) |
|
|
212 |
|
|
|
218 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| Huntington Bancshares, Inc., (United States SOFR + 1.97%), 4.44%, 08/04/2028 (aa) |
|
|
83 |
|
|
|
83 |
|
| ING Groep NV, (Netherlands), |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 2.86%), 3.88%, 05/16/2027 (x) (aa) |
|
|
400 |
|
|
|
361 |
|
| (CMT Index 5 Year + 4.34%), 5.75%, 11/16/2026 (x) (aa) |
|
|
200 |
|
|
|
199 |
|
| (United States SOFR + 1.56%), 6.08%, 09/11/2027 (aa) |
|
|
332 |
|
|
|
342 |
|
| Reg. S, (USD SOFR ICE Swap Rate 5 Year + 4.08%), 7.25%, 11/16/2034 (x) (aa) |
|
|
225 |
|
|
|
232 |
|
| Intesa Sanpaolo SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 2.93%, 10/14/2030 |
|
EUR |
7,750 |
|
|
|
8,255 |
|
| (CMT Index 1 Year + 2.60%), 4.20%, 06/01/2032 (e) (aa) |
|
|
4,170 |
|
|
|
3,714 |
|
| (CMT Index 1 Year + 2.75%), 4.95%, 06/01/2042 (e) (aa) |
|
|
450 |
|
|
|
361 |
|
| Reg. S, 5.15%, 06/10/2030 |
|
GBP |
497 |
|
|
|
633 |
|
| Reg. S, (EUR Swap Rate 5 Year + 5.85%), 5.50%, 03/01/2028 (x) (aa) |
|
EUR |
600 |
|
|
|
664 |
|
| 5.71%, 01/15/2026 (e) |
|
|
500 |
|
|
|
504 |
|
| Reg. S, (EUR Swap Rate 5 Year + 6.09%), 5.88%, 09/01/2031 (x) (aa) |
|
EUR |
11,110 |
|
|
|
12,228 |
|
| KODIT Global 2024-1 Co. Ltd., (South Korea), 5.36%, 05/29/2027 (e) |
|
|
453 |
|
|
|
466 |
|
| Lloyds Banking Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 4.58%, 12/10/2025 |
|
|
200 |
|
|
|
199 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 5.29%), 4.95%, 06/27/2025 (x) (aa) |
|
EUR |
400 |
|
|
|
445 |
|
| (UK Gilts 5 Year + 4.61%), 5.13%, 12/27/2024 (x) (aa) |
|
GBP |
200 |
|
|
|
267 |
|
| (CMT Index 1 Year + 1.38%), 5.46%, 01/05/2028 (aa) |
|
|
200 |
|
|
|
204 |
|
| (CMT Index 1 Year + 1.48%), 5.99%, 08/07/2027 (aa) |
|
|
200 |
|
|
|
205 |
|
| (UK Gilts 5 Year + 5.14%), 8.50%, 03/27/2028 (x) (aa) |
|
GBP |
3,920 |
|
|
|
5,510 |
|
| Macquarie Bank Ltd., (Australia), 4.88%, 06/10/2025 (e) |
|
|
698 |
|
|
|
697 |
|
| Macquarie Group Ltd., (Australia), |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.07%), 1.34%, 01/12/2027 (e) (aa) |
|
|
105 |
|
|
|
101 |
|
| (ICE LIBOR USD 3 Month + 1.37%), 3.76%, 11/28/2028 (e) (aa) |
|
|
722 |
|
|
|
707 |
|
| Manufacturers & Traders Trust Co., 4.65%, 01/27/2026 |
|
|
610 |
|
|
|
609 |
|
| Mitsubishi UFJ Financial Group, Inc., (Japan), (CMT Index 1 Year + 0.45%), 0.96%, 10/11/2025 (aa) |
|
|
200 |
|
|
|
200 |
|
| Morgan Stanley, |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.99%), 2.19%, 04/28/2026 (aa) |
|
|
323 |
|
|
|
318 |
|
| (United States SOFR + 1.67%), 4.68%, 07/17/2026 (aa) |
|
|
37 |
|
|
|
37 |
|
| (United States SOFR + 1.22%), 5.04%, 07/19/2030 (aa) |
|
|
218 |
|
|
|
224 |
|
| (United States SOFR + 1.73%), 5.12%, 02/01/2029 (aa) |
|
|
678 |
|
|
|
695 |
|
| (United States SOFR + 1.63%), 5.45%, 07/20/2029 (aa) |
|
|
137 |
|
|
|
142 |
|
| Morgan Stanley Bank NA, (United States SOFR + 0.93%), 4.97%, 07/14/2028 (aa) |
|
|
250 |
|
|
|
255 |
|
| National Bank of Greece SA, (Greece), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 3.15%), 5.88%, 06/28/2035 (aa) |
|
EUR |
9,400 |
|
|
|
10,897 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 4.65%), 8.00%, 01/03/2034 (aa) |
|
EUR |
4,536 |
|
|
|
5,649 |
|
| National Securities Clearing Corp., 4.90%, 06/26/2029 (e) |
|
|
315 |
|
|
|
325 |
|
| NatWest Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (ICE LIBOR USD 3 Month + 1.75%), 4.89%, 05/18/2029 (aa) |
|
|
820 |
|
|
|
828 |
|
| (CMT Index 1 Year + 1.22%), 4.96%, 08/15/2030 (aa) |
|
|
296 |
|
|
|
301 |
|
| (CMT Index 1 Year + 1.95%), 5.81%, 09/13/2029 (aa) |
|
|
413 |
|
|
|
432 |
|
| (CMT Index 1 Year + 2.85%), 7.47%, 11/10/2026 (aa) |
|
|
1,324 |
|
|
|
1,363 |
|
| (CMT Index 5 Year + 3.75%), 8.13%, 11/10/2033 (x) (aa) |
|
|
15,991 |
|
|
|
17,444 |
|
| Nordea Bank Abp, (Finland), (CMT Index 5 Year + 2.66%), 6.30%, 09/25/2031 (e) (x) (aa) |
|
|
2,072 |
|
|
|
2,053 |
|
| Piraeus Bank SA, (Greece), Reg. S, (EUR Swap Rate 1 Year + 3.84%), 6.75%, 12/05/2029 (aa) |
|
EUR |
5,952 |
|
|
|
7,340 |
|
| PNC Financial Services Group, Inc. (The), |
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.20%), 5.49%, 05/14/2030 (aa) |
|
|
1,000 |
|
|
|
1,044 |
|
| Series V, (CMT Index 5 Year + 3.24%), 6.20%, 09/15/2027 (x) (aa) |
|
|
2,931 |
|
|
|
2,984 |
|
| Series W, (CMT Index 7 Year + 2.81%), 6.25%, 03/15/2030 (x) (aa) |
|
|
2,683 |
|
|
|
2,724 |
|
| Santander Holdings USA, Inc., (United States SOFR + 2.33%), 5.81%, 09/09/2026 (aa) |
|
|
57 |
|
|
|
57 |
|
| Santander UK Group Holdings plc, (United Kingdom), 4.75%, 09/15/2025 (e) |
|
|
200 |
|
|
|
199 |
|
| Societe Generale SA, (France), (CMT Index 1 Year + 1.10%), 1.49%, 12/14/2026 (e) (aa) |
|
|
281 |
|
|
|
269 |
|
| Standard Chartered plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| (ICE LIBOR USD 3 Month + 1.21%), 2.82%, 01/30/2026 (e) (aa) |
|
|
857 |
|
|
|
850 |
|
| Reg. S, (CMT Index 5 Year + 1.85%), 3.52%, 02/12/2030 (aa) |
|
|
250 |
|
|
|
248 |
|
| (CMT Index 1 Year + 1.05%), 5.69%, 05/14/2028 (e) (aa) |
|
|
256 |
|
|
|
263 |
|
| (CMT Index 1 Year + 1.85%), 6.75%, 02/08/2028 (e) (aa) |
|
|
600 |
|
|
|
628 |
|
| State Street Corp., |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.02%), 4.53%, 02/20/2029 (aa) |
|
|
223 |
|
|
|
225 |
|
| (United States SOFR + 1.13%), 5.10%, 05/18/2026 (aa) |
|
|
10 |
|
|
|
10 |
|
| Series I, (CMT Index 5 Year + 2.61%), 6.70%, 03/15/2029 (x) (aa) |
|
|
2,788 |
|
|
|
2,887 |
|
| Swedbank AB, (Sweden), 6.14%, 09/12/2026 (e) |
|
|
400 |
|
|
|
413 |
|
| Toronto-Dominion Bank (The), (Canada), |
|
|
|
|
|
|
|
|
| 4.69%, 09/15/2027 |
|
|
105 |
|
|
|
107 |
|
| 5.26%, 12/11/2026 |
|
|
289 |
|
|
|
296 |
|
| (CMT Index 5 Year + 2.98%), 7.25%, 07/31/2084 (aa) |
|
|
4,441 |
|
|
|
4,627 |
|
| Truist Financial Corp., (United States SOFR + 1.44%), 4.87%, 01/26/2029 (aa) |
|
|
73 |
|
|
|
74 |
|
| UBS Group AG, (Switzerland), |
|
|
|
|
|
|
|
|
| (SOFR Compounded Index + 0.98%), 1.31%, 02/02/2027 (e) (aa) |
|
|
250 |
|
|
|
239 |
|
| (CMT Index 1 Year + 0.85%), 1.49%, 08/10/2027 (e) (aa) |
|
|
1,525 |
|
|
|
1,441 |
|
| (ICE LIBOR USD 3 Month + 1.41%), 3.87%, 01/12/2029 (e) (aa) |
|
|
1,150 |
|
|
|
1,125 |
|
| (CMT Index 1 Year + 1.55%), 4.49%, 05/12/2026 (e) (aa) |
|
|
1,235 |
|
|
|
1,231 |
|
| (CMT Index 1 Year + 1.52%), 5.43%, 02/08/2030 (e) (aa) |
|
|
200 |
|
|
|
207 |
|
| (USD SOFR ICE Swap Rate 5 Year + 3.63%), 6.85%, 09/10/2029 (e) (x) (aa) |
|
|
2,065 |
|
|
|
2,090 |
|
| Reg. S, (USD Semi-annual Swap Rate 5 Year + 4.59%), 6.88%, 08/07/2025 (x) (aa) |
|
|
200 |
|
|
|
201 |
|
| Reg. S, (USD Semi-annual Swap Rate 5 Year + 4.87%), 7.00%, 02/19/2025 (x) (aa) |
|
|
200 |
|
|
|
200 |
|
| (USD SOFR ICE Swap Rate 5 Year + 4.16%), 7.75%, 04/12/2031 (e) (x) (aa) |
|
|
7,396 |
|
|
|
7,909 |
|
| (CMT Index 5 Year + 4.75%), 9.25%, 11/13/2028 (e) (x) (aa) |
|
|
4,217 |
|
|
|
4,662 |
|
| (CMT Index 5 Year + 4.76%), 9.25%, 11/13/2033 (e) (x) (aa) |
|
|
5,351 |
|
|
|
6,311 |
|
| UniCredit SpA, (Italy), |
|
|
|
|
|
|
|
|
| (CMT Index 1 Year + 2.30%), 2.57%, 09/22/2026 (e) (aa) |
|
|
878 |
|
|
|
858 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.80%), 2.73%, 01/15/2032 (aa) |
|
EUR |
18,420 |
|
|
|
20,069 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.80%), 5.38%, 04/16/2034 (aa) |
|
EUR |
4,000 |
|
|
|
4,669 |
|
| US Bancorp, |
|
|
|
|
|
|
|
|
| (United States SOFR + 2.02%), 5.78%, 06/12/2029 (aa) |
|
|
676 |
|
|
|
708 |
|
| (United States SOFR + 1.88%), 6.79%, 10/26/2027 (aa) |
|
|
222 |
|
|
|
233 |
|
| Uzbek Industrial and Construction Bank ATB, (Uzbekistan), |
|
|
|
|
|
|
|
|
| 8.95%, 07/24/2029 (e) |
|
|
1,000 |
|
|
|
1,004 |
|
| Reg. S, 8.95%, 07/24/2029 |
|
|
900 |
|
|
|
904 |
|
| Wells Fargo & Co., |
|
|
|
|
|
|
|
|
| (CME Term SOFR 3 Month + 1.01%), 2.16%, 02/11/2026 (aa) |
|
|
1,109 |
|
|
|
1,097 |
|
| (United States SOFR + 2.00%), 2.19%, 04/30/2026 (aa) |
|
|
111 |
|
|
|
109 |
|
| (CME Term SOFR 3 Month + 1.09%), 2.41%, 10/30/2025 (aa) |
|
|
811 |
|
|
|
809 |
|
| (United States SOFR + 1.56%), 4.54%, 08/15/2026 (aa) |
|
|
113 |
|
|
|
113 |
|
| (United States SOFR + 1.98%), 4.81%, 07/25/2028 (aa) |
|
|
231 |
|
|
|
234 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Banks — continued |
|
|
|
|
|
|
|
|
| (United States SOFR + 1.50%), 5.20%, 01/23/2030 (aa) |
|
|
347 |
|
|
|
357 |
|
| (United States SOFR + 1.74%), 5.57%, 07/25/2029 (aa) |
|
|
252 |
|
|
|
262 |
|
| (United States SOFR + 1.07%), 5.71%, 04/22/2028 (aa) |
|
|
342 |
|
|
|
353 |
|
| (United States SOFR + 1.79%), 6.30%, 10/23/2029 (aa) |
|
|
1,122 |
|
|
|
1,200 |
|
| (CMT Index 5 Year + 2.77%), 6.85%, 09/15/2029 (x) (aa) |
|
|
5,290 |
|
|
|
5,516 |
|
| (CMT Index 5 Year + 3.61%), 7.63%, 09/15/2028 (x) (aa) |
|
|
1,974 |
|
|
|
2,150 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
392,777 |
|
|
|
|
|
|
|
|
|
|
| Diversified Financial Services — 2.9% |
|
|
|
|
|
|
|
|
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust, (Ireland), |
|
|
|
|
|
|
|
|
| 3.50%, 01/15/2025 |
|
|
173 |
|
|
|
172 |
|
| 4.45%, 10/01/2025 |
|
|
447 |
|
|
|
446 |
|
| Series 3NC1, 1.75%, 10/29/2024 |
|
|
1,100 |
|
|
|
1,097 |
|
| AG TTMT Escrow Issuer LLC, 8.63%, 09/30/2027 (e) |
|
|
469 |
|
|
|
481 |
|
| Air Lease Corp., |
|
|
|
|
|
|
|
|
| 3.38%, 07/01/2025 |
|
|
704 |
|
|
|
696 |
|
| Series D, (CMT Index 5 Year + 2.56%), 6.00%, 09/24/2029 (x) (aa) |
|
|
1,237 |
|
|
|
1,224 |
|
| Aircastle Ltd., (Bermuda), |
|
|
|
|
|
|
|
|
| 5.25%, 08/11/2025 (e) |
|
|
607 |
|
|
|
607 |
|
| 5.95%, 02/15/2029 (e) |
|
|
187 |
|
|
|
194 |
|
| Ally Financial, Inc., 5.75%, 11/20/2025 |
|
|
329 |
|
|
|
331 |
|
| American Express Co., |
|
|
|
|
|
|
|
|
| 3.95%, 08/01/2025 |
|
|
138 |
|
|
|
138 |
|
| (United States SOFR + 1.00%), 4.99%, 05/01/2026 (aa) |
|
|
176 |
|
|
|
176 |
|
| (United States SOFR + 0.93%), 5.04%, 07/26/2028 (aa) |
|
|
213 |
|
|
|
218 |
|
| (SOFR Compounded Index + 1.28%), 5.28%, 07/27/2029 (aa) |
|
|
179 |
|
|
|
185 |
|
| (United States SOFR + 1.33%), 6.34%, 10/30/2026 (aa) |
|
|
418 |
|
|
|
426 |
|
| Aviation Capital Group LLC, |
|
|
|
|
|
|
|
|
| 1.95%, 01/30/2026 (e) |
|
|
175 |
|
|
|
169 |
|
| 1.95%, 09/20/2026 (e) |
|
|
875 |
|
|
|
829 |
|
| 4.88%, 10/01/2025 (e) |
|
|
1,296 |
|
|
|
1,294 |
|
| 5.38%, 07/15/2029 (e) |
|
|
194 |
|
|
|
198 |
|
| 5.50%, 12/15/2024 (e) |
|
|
545 |
|
|
|
544 |
|
| Avolon Holdings Funding Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 2.13%, 02/21/2026 (e) |
|
|
1,085 |
|
|
|
1,044 |
|
| 2.53%, 11/18/2027 (e) |
|
|
1,288 |
|
|
|
1,202 |
|
| 3.25%, 02/15/2027 (e) |
|
|
355 |
|
|
|
342 |
|
| 4.25%, 04/15/2026 (e) |
|
|
2,136 |
|
|
|
2,114 |
|
| 5.50%, 01/15/2026 (e) |
|
|
500 |
|
|
|
502 |
|
| 5.75%, 03/01/2029 (e) |
|
|
152 |
|
|
|
157 |
|
| 5.75%, 11/15/2029 (e) |
|
|
256 |
|
|
|
264 |
|
| Bracken MidCo1 plc, (United Kingdom), Reg. S, 6.75% (cash), 11/01/2027 (v) |
|
GBP |
3,700 |
|
|
|
4,782 |
|
| Bread Financial Holdings, Inc., 9.75%, 03/15/2029 (e) |
|
|
4,378 |
|
|
|
4,630 |
|
| Credicorp Capital Sociedad Titulizadora SA, (Peru), Reg. S, 10.10%, 12/15/2043 (e) |
|
PEN |
6,300 |
|
|
|
1,738 |
|
| Enact Holdings, Inc., 6.25%, 05/28/2029 |
|
|
478 |
|
|
|
496 |
|
| Encore Capital Group, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 4.25%, 06/01/2028 |
|
GBP |
8,008 |
|
|
|
9,816 |
|
| Reg. S, 4.88%, 10/15/2025 |
|
EUR |
13,496 |
|
|
|
15,030 |
|
| Reg. S, 5.38%, 02/15/2026 |
|
GBP |
3,775 |
|
|
|
5,009 |
|
| 8.50%, 05/15/2030 (e) |
|
|
2,360 |
|
|
|
2,487 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| Focus Financial Partners LLC, 6.75%, 09/15/2031 (e) |
|
|
2,671 |
|
|
|
2,693 |
|
| Freedom Mortgage Holdings LLC, |
|
|
|
|
|
|
|
|
| 9.13%, 05/15/2031 (e) |
|
|
7,687 |
|
|
|
7,903 |
|
| 9.25%, 02/01/2029 (e) |
|
|
5,865 |
|
|
|
6,102 |
|
| Gabon Blue Bond Master Trust Series 2, Reg. S, 6.10%, 08/01/2038 |
|
|
300 |
|
|
|
302 |
|
| Garfunkelux Holdco 3 SA, (Luxembourg), Reg. S, 6.75%, 11/01/2025 |
|
EUR |
200 |
|
|
|
150 |
|
| GGAM Finance Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 5.88%, 03/15/2030 (e) |
|
|
2,548 |
|
|
|
2,544 |
|
| 6.88%, 04/15/2029 (e) |
|
|
4,776 |
|
|
|
4,971 |
|
| 8.00%, 02/15/2027 (e) |
|
|
2,849 |
|
|
|
2,977 |
|
| 8.00%, 06/15/2028 (e) |
|
|
5,388 |
|
|
|
5,775 |
|
| Global Aircraft Leasing Co. Ltd., (Cayman Islands), 8.75%, 09/01/2027 (e) |
|
|
1,517 |
|
|
|
1,539 |
|
| goeasy Ltd., (Canada), |
|
|
|
|
|
|
|
|
| 4.38%, 05/01/2026 (e) |
|
|
1,775 |
|
|
|
1,750 |
|
| 7.63%, 07/01/2029 (e) |
|
|
1,140 |
|
|
|
1,182 |
|
| 9.25%, 12/01/2028 (e) |
|
|
920 |
|
|
|
992 |
|
| Intercontinental Exchange, Inc., 3.63%, 09/01/2028 |
|
|
2,805 |
|
|
|
2,738 |
|
| Interoceanica IV Finance Ltd., (Cayman Islands), Reg. S, Zero Coupon, 11/30/2025 |
|
|
1,753 |
|
|
|
1,678 |
|
| Intrum AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 3.00%, 09/15/2027 |
|
EUR |
394 |
|
|
|
331 |
|
| Reg. S, 9.25%, 03/15/2028 |
|
EUR |
200 |
|
|
|
169 |
|
| Jefferies Finance LLC / JFIN Co-Issuer Corp., 5.00%, 08/15/2028 (e) |
|
|
3,349 |
|
|
|
3,185 |
|
| Jerrold Finco plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 5.25%, 01/15/2027 |
|
GBP |
11,461 |
|
|
|
15,074 |
|
| Reg. S, 7.88%, 04/15/2030 |
|
GBP |
10,757 |
|
|
|
14,676 |
|
| Julius Baer Group Ltd., (Switzerland), Reg. S, (EUR Swap Rate 5 Year + 3.85%), 6.63%, 08/15/2029 (x) (aa) |
|
EUR |
200 |
|
|
|
225 |
|
| Kuwait Projects Co. SPC Ltd., (United Arab Emirates), Reg. S, 4.50%, 02/23/2027 |
|
|
3,200 |
|
|
|
3,006 |
|
| LD Holdings Group LLC, 6.13%, 04/01/2028 (e) |
|
|
1,628 |
|
|
|
1,440 |
|
| LFS Topco LLC, 5.88%, 10/15/2026 (e) |
|
|
1,375 |
|
|
|
1,293 |
|
| LPL Holdings, Inc., |
|
|
|
|
|
|
|
|
| 4.00%, 03/15/2029 (e) |
|
|
848 |
|
|
|
811 |
|
| 4.63%, 11/15/2027 (e) |
|
|
1,638 |
|
|
|
1,625 |
|
| Macquarie Airfinance Holdings Ltd., (United Kingdom), |
|
|
|
|
|
|
|
|
| 6.40%, 03/26/2029 (e) |
|
|
812 |
|
|
|
847 |
|
| 6.50%, 03/26/2031 (e) |
|
|
3,490 |
|
|
|
3,694 |
|
| 8.13%, 03/30/2029 (e) |
|
|
5,957 |
|
|
|
6,310 |
|
| 8.38%, 05/01/2028 (e) |
|
|
443 |
|
|
|
466 |
|
| Nationstar Mortgage Holdings, Inc., |
|
|
|
|
|
|
|
|
| 5.00%, 02/01/2026 (e) |
|
|
14,332 |
|
|
|
14,263 |
|
| 5.13%, 12/15/2030 (e) |
|
|
7,924 |
|
|
|
7,598 |
|
| 5.50%, 08/15/2028 (e) |
|
|
2,651 |
|
|
|
2,624 |
|
| 5.75%, 11/15/2031 (e) |
|
|
6,057 |
|
|
|
5,933 |
|
| 6.50%, 08/01/2029 (e) |
|
|
6,335 |
|
|
|
6,441 |
|
| 7.13%, 02/01/2032 (e) |
|
|
5,723 |
|
|
|
5,977 |
|
| Navient Corp., |
|
|
|
|
|
|
|
|
| 4.88%, 03/15/2028 |
|
|
3,300 |
|
|
|
3,190 |
|
| 5.00%, 03/15/2027 |
|
|
100 |
|
|
|
99 |
|
| 5.50%, 03/15/2029 |
|
|
5,074 |
|
|
|
4,932 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Diversified Financial Services — continued |
|
|
|
|
|
|
|
|
| 5.88%, 10/25/2024 |
|
|
190 |
|
|
|
190 |
|
| 6.75%, 06/25/2025 |
|
|
1,048 |
|
|
|
1,054 |
|
| 9.38%, 07/25/2030 |
|
|
4,383 |
|
|
|
4,862 |
|
| Nuveen Finance LLC, 4.13%, 11/01/2024 (e) |
|
|
270 |
|
|
|
270 |
|
| Nuveen LLC, 5.55%, 01/15/2030 (e) |
|
|
500 |
|
|
|
523 |
|
| OneMain Finance Corp., |
|
|
|
|
|
|
|
|
| 3.50%, 01/15/2027 |
|
|
391 |
|
|
|
374 |
|
| 3.88%, 09/15/2028 |
|
|
5,650 |
|
|
|
5,238 |
|
| 4.00%, 09/15/2030 |
|
|
8,992 |
|
|
|
8,009 |
|
| 5.38%, 11/15/2029 |
|
|
215 |
|
|
|
207 |
|
| 7.13%, 03/15/2026 |
|
|
3,800 |
|
|
|
3,882 |
|
| 7.13%, 11/15/2031 |
|
|
2,121 |
|
|
|
2,147 |
|
| 7.50%, 05/15/2031 |
|
|
2,547 |
|
|
|
2,621 |
|
| 7.88%, 03/15/2030 |
|
|
3,720 |
|
|
|
3,889 |
|
| Osaic Holdings, Inc., 10.75%, 08/01/2027 (e) |
|
|
356 |
|
|
|
362 |
|
| Panama Infrastructure Receivable Purchaser plc, (United Kingdom), Zero Coupon, 04/05/2032 (e) |
|
|
10,200 |
|
|
|
7,114 |
|
| PennyMac Financial Services, Inc., |
|
|
|
|
|
|
|
|
| 4.25%, 02/15/2029 (e) |
|
|
5,080 |
|
|
|
4,847 |
|
| 5.38%, 10/15/2025 (e) |
|
|
2,950 |
|
|
|
2,945 |
|
| 7.13%, 11/15/2030 (e) |
|
|
3,906 |
|
|
|
4,044 |
|
| 7.88%, 12/15/2029 (e) |
|
|
2,098 |
|
|
|
2,237 |
|
| PRA Group, Inc., 8.88%, 01/31/2030 (e) |
|
|
2,235 |
|
|
|
2,328 |
|
| Radian Group, Inc., 6.20%, 05/15/2029 |
|
|
300 |
|
|
|
313 |
|
| Rocket Mortgage LLC / Rocket Mortgage Co-Issuer, Inc., |
|
|
|
|
|
|
|
|
| 2.88%, 10/15/2026 (e) |
|
|
8,544 |
|
|
|
8,208 |
|
| 3.63%, 03/01/2029 (e) |
|
|
1,195 |
|
|
|
1,124 |
|
| 3.88%, 03/01/2031 (e) |
|
|
5,918 |
|
|
|
5,438 |
|
| 4.00%, 10/15/2033 (e) |
|
|
1,112 |
|
|
|
994 |
|
| Sherwood Financing plc, (United Kingdom), Reg. S, 4.50%, 11/15/2026 |
|
EUR |
1,730 |
|
|
|
1,825 |
|
| SLM Corp., 3.13%, 11/02/2026 |
|
|
61 |
|
|
|
59 |
|
| SOCAR Turkey Enerji AS via Steas Funding 1 DAC, (Ireland), Reg. S, 7.23%, 03/17/2026 |
|
|
6,000 |
|
|
|
5,977 |
|
| Synchrony Financial, 4.50%, 07/23/2025 |
|
|
764 |
|
|
|
759 |
|
| Titanium 2l Bondco Sarl, (Luxembourg), 6.25% (cash), 01/14/2031 (v) |
|
EUR |
5,077 |
|
|
|
1,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
289,965 |
|
|
|
|
|
|
|
|
|
|
| Insurance — 3.1% |
|
|
|
|
|
|
|
|
| Acrisure LLC / Acrisure Finance, Inc., |
|
|
|
|
|
|
|
|
| 7.50%, 11/06/2030 (e) |
|
|
6,255 |
|
|
|
6,437 |
|
| 8.25%, 02/01/2029 (e) |
|
|
4,185 |
|
|
|
4,318 |
|
| 8.50%, 06/15/2029 (e) |
|
|
3,115 |
|
|
|
3,253 |
|
| AEGON Funding Co. LLC, 5.50%, 04/16/2027 (e) |
|
|
679 |
|
|
|
693 |
|
| AIA Group Ltd., (Hong Kong), |
|
|
|
|
|
|
|
|
| Reg. S, 3.20%, 09/16/2040 |
|
|
2,450 |
|
|
|
1,919 |
|
| 5.40%, 09/30/2054 (e) |
|
|
7,000 |
|
|
|
7,027 |
|
| Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer, |
|
|
|
|
|
|
|
|
| 4.25%, 10/15/2027 (e) |
|
|
5,452 |
|
|
|
5,220 |
|
| 5.88%, 11/01/2029 (e) |
|
|
12,421 |
|
|
|
11,936 |
|
| 6.75%, 10/15/2027 (e) |
|
|
16,625 |
|
|
|
16,563 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| 6.75%, 04/15/2028 (e) |
|
|
64 |
|
|
|
65 |
|
| 7.00%, 01/15/2031 (e) |
|
|
15,477 |
|
|
|
15,907 |
|
| 7.38%, 10/01/2032 (e) |
|
|
9,681 |
|
|
|
9,826 |
|
| AmWINS Group, Inc., |
|
|
|
|
|
|
|
|
| 4.88%, 06/30/2029 (e) |
|
|
6,800 |
|
|
|
6,520 |
|
| 6.38%, 02/15/2029 (e) |
|
|
1,417 |
|
|
|
1,452 |
|
| Aon Corp., 8.21%, 01/01/2027 |
|
|
588 |
|
|
|
633 |
|
| Aon North America, Inc., 5.15%, 03/01/2029 |
|
|
168 |
|
|
|
173 |
|
| Ardonagh Finco Ltd., (Jersey), |
|
|
|
|
|
|
|
|
| Reg. S, 6.88%, 02/15/2031 |
|
EUR |
9,303 |
|
|
|
10,498 |
|
| 7.75%, 02/15/2031 (e) |
|
|
9,109 |
|
|
|
9,423 |
|
| Ardonagh Group Finance Ltd., (Jersey), 8.88%, 02/15/2032 (e) |
|
|
5,786 |
|
|
|
5,985 |
|
| Assurant, Inc., 4.90%, 03/27/2028 |
|
|
286 |
|
|
|
288 |
|
| AssuredPartners, Inc., |
|
|
|
|
|
|
|
|
| 5.63%, 01/15/2029 (e) |
|
|
2,825 |
|
|
|
2,720 |
|
| 7.50%, 02/15/2032 (e) |
|
|
4,279 |
|
|
|
4,398 |
|
| Athene Global Funding, |
|
|
|
|
|
|
|
|
| 5.58%, 01/09/2029 (e) |
|
|
205 |
|
|
|
212 |
|
| 5.62%, 05/08/2026 (e) |
|
|
1,246 |
|
|
|
1,266 |
|
| AXA SA, (France), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 3.84%), 6.38%, 07/16/2033 (x) (aa) |
|
EUR |
300 |
|
|
|
349 |
|
| Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance, 7.13%, 05/15/2031 (e) |
|
|
506 |
|
|
|
532 |
|
| Brighthouse Financial Global Funding, |
|
|
|
|
|
|
|
|
| 1.55%, 05/24/2026 (e) |
|
|
328 |
|
|
|
312 |
|
| 5.55%, 04/09/2027 (e) |
|
|
504 |
|
|
|
515 |
|
| BroadStreet Partners, Inc., 5.88%, 04/15/2029 (e) |
|
|
2,236 |
|
|
|
2,137 |
|
| CNO Financial Group, Inc., 5.25%, 05/30/2025 |
|
|
250 |
|
|
|
250 |
|
| CNO Global Funding, |
|
|
|
|
|
|
|
|
| 1.75%, 10/07/2026 (e) |
|
|
406 |
|
|
|
385 |
|
| 4.95%, 09/09/2029 (e) |
|
|
165 |
|
|
|
165 |
|
| 5.88%, 06/04/2027 (e) |
|
|
1,700 |
|
|
|
1,751 |
|
| Corebridge Financial, Inc., (CMT Index 5 Year + 2.65%), 6.38%, 09/15/2054 (aa) |
|
|
2,584 |
|
|
|
2,611 |
|
| Corebridge Global Funding, |
|
|
|
|
|
|
|
|
| 5.20%, 01/12/2029 (e) |
|
|
450 |
|
|
|
462 |
|
| 5.75%, 07/02/2026 (e) |
|
|
66 |
|
|
|
68 |
|
| Equitable Financial Life Global Funding, |
|
|
|
|
|
|
|
|
| 1.40%, 07/07/2025 (e) |
|
|
183 |
|
|
|
178 |
|
| 5.45%, 03/03/2028 (e) |
|
|
182 |
|
|
|
187 |
|
| F&G Annuities & Life, Inc., |
|
|
|
|
|
|
|
|
| 6.50%, 06/04/2029 |
|
|
252 |
|
|
|
260 |
|
| 7.40%, 01/13/2028 |
|
|
322 |
|
|
|
340 |
|
| F&G Global Funding, |
|
|
|
|
|
|
|
|
| 1.75%, 06/30/2026 (e) |
|
|
251 |
|
|
|
238 |
|
| 2.00%, 09/20/2028 (e) |
|
|
1,725 |
|
|
|
1,533 |
|
| 2.30%, 04/11/2027 (e) |
|
|
902 |
|
|
|
844 |
|
| 5.15%, 07/07/2025 (e) |
|
|
666 |
|
|
|
666 |
|
| Fidelity & Guaranty Life Holdings, Inc., 5.50%, 05/01/2025 (e) |
|
|
171 |
|
|
|
171 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| GA Global Funding Trust, |
|
|
|
|
|
|
|
|
| 1.95%, 09/15/2028 (e) |
|
|
884 |
|
|
|
804 |
|
| 3.85%, 04/11/2025 (e) |
|
|
483 |
|
|
|
480 |
|
| 4.40%, 09/23/2027 (e) |
|
|
666 |
|
|
|
664 |
|
| 5.50%, 01/08/2029 (e) |
|
|
425 |
|
|
|
440 |
|
| Galaxy Bidco Ltd., (Jersey), Reg. S, 6.50%, 07/31/2026 |
|
GBP |
7,247 |
|
|
|
9,616 |
|
| Global Atlantic Fin Co., 4.40%, 10/15/2029 (e) |
|
|
376 |
|
|
|
362 |
|
| Howden UK Refinance plc / Howden UK Refinance 2 plc / Howden US Refinance LLC, (United Kingdom), |
|
|
|
|
|
|
|
|
| 7.25%, 02/15/2031 (e) |
|
|
18,821 |
|
|
|
19,530 |
|
| 8.13%, 02/15/2032 (e) |
|
|
9,541 |
|
|
|
9,809 |
|
| HUB International Ltd., |
|
|
|
|
|
|
|
|
| 7.25%, 06/15/2030 (e) |
|
|
33,884 |
|
|
|
35,318 |
|
| 7.38%, 01/31/2032 (e) |
|
|
40,087 |
|
|
|
41,397 |
|
| Jackson National Life Global Funding, |
|
|
|
|
|
|
|
|
| 3.05%, 04/29/2026 (e) |
|
|
1,142 |
|
|
|
1,114 |
|
| 5.50%, 01/09/2026 (e) |
|
|
500 |
|
|
|
505 |
|
| Jones Deslauriers Insurance Management, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 8.50%, 03/15/2030 (e) |
|
|
5,750 |
|
|
|
6,154 |
|
| 10.50%, 12/15/2030 (e) |
|
|
3,871 |
|
|
|
4,210 |
|
| MGIC Investment Corp., 5.25%, 08/15/2028 |
|
|
677 |
|
|
|
672 |
|
| Mutual of Omaha Cos. Global Funding, |
|
|
|
|
|
|
|
|
| 5.45%, 12/12/2028 (e) |
|
|
785 |
|
|
|
813 |
|
| 5.80%, 07/27/2026 (e) |
|
|
65 |
|
|
|
67 |
|
| Panther Escrow Issuer LLC, 7.13%, 06/01/2031 (e) |
|
|
31,381 |
|
|
|
32,921 |
|
| Ryan Specialty LLC, |
|
|
|
|
|
|
|
|
| 4.38%, 02/01/2030 (e) |
|
|
776 |
|
|
|
748 |
|
| 5.88%, 08/01/2032 (e) |
|
|
2,099 |
|
|
|
2,139 |
|
| USI, Inc., 7.50%, 01/15/2032 (e) |
|
|
5,194 |
|
|
|
5,381 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
313,830 |
|
|
|
|
|
|
|
|
|
|
| Investment Companies — 1.0% |
|
|
|
|
|
|
|
|
| Abu Dhabi Developmental Holding Co. PJSC, (United Arab Emirates), |
|
|
|
|
|
|
|
|
| 5.38%, 05/08/2029 (e) |
|
|
1,500 |
|
|
|
1,562 |
|
| 5.50%, 05/08/2034 (e) |
|
|
1,500 |
|
|
|
1,592 |
|
| Reg. S, 5.50%, 05/08/2034 |
|
|
2,200 |
|
|
|
2,335 |
|
| Apollo Debt Solutions BDC, 6.90%, 04/13/2029 (e) |
|
|
3,600 |
|
|
|
3,741 |
|
| Ares Capital Corp., 5.88%, 03/01/2029 |
|
|
637 |
|
|
|
652 |
|
| Ares Strategic Income Fund, 5.60%, 02/15/2030 (e) (w) |
|
|
3,262 |
|
|
|
3,232 |
|
| Blackstone Private Credit Fund, |
|
|
|
|
|
|
|
|
| 3.25%, 03/15/2027 |
|
|
498 |
|
|
|
475 |
|
| 5.95%, 07/16/2029 (e) |
|
|
895 |
|
|
|
911 |
|
| 6.25%, 01/25/2031 (e) |
|
|
1,748 |
|
|
|
1,794 |
|
| Blue Owl Capital Corp., |
|
|
|
|
|
|
|
|
| 3.40%, 07/15/2026 |
|
|
424 |
|
|
|
410 |
|
| 3.75%, 07/22/2025 |
|
|
529 |
|
|
|
523 |
|
| Blue Owl Capital Corp. II, 8.45%, 11/15/2026 (e) |
|
|
672 |
|
|
|
705 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Investment Companies — continued |
|
|
|
|
|
|
|
|
| Blue Owl Credit Income Corp., |
|
|
|
|
|
|
|
|
| 6.60%, 09/15/2029 (e) |
|
|
532 |
|
|
|
546 |
|
| 6.65%, 03/15/2031 |
|
|
1,833 |
|
|
|
1,871 |
|
| 7.75%, 09/16/2027 |
|
|
2,674 |
|
|
|
2,816 |
|
| Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029 (e) |
|
|
1,450 |
|
|
|
1,409 |
|
| Gaci First Investment Co., (Cayman Islands), |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 02/14/2030 |
|
|
2,700 |
|
|
|
2,714 |
|
| Reg. S, 4.88%, 02/14/2035 |
|
|
3,000 |
|
|
|
2,957 |
|
| Reg. S, 5.25%, 10/13/2032 |
|
|
31,900 |
|
|
|
32,718 |
|
| HA Sustainable Infrastructure Capital, Inc., 6.38%, 07/01/2034 (e) |
|
|
1,606 |
|
|
|
1,642 |
|
| HPS Corporate Lending Fund, 6.75%, 01/30/2029 (e) |
|
|
1,002 |
|
|
|
1,037 |
|
| Huarong Finance 2017 Co. Ltd., (British Virgin Islands), |
|
|
|
|
|
|
|
|
| Reg. S, 4.25%, 11/07/2027 |
|
|
300 |
|
|
|
287 |
|
| Reg. S, 4.75%, 04/27/2027 |
|
|
300 |
|
|
|
292 |
|
| Huarong Finance 2019 Co. Ltd., (British Virgin Islands), Reg. S, 4.50%, 05/29/2029 |
|
|
1,900 |
|
|
|
1,811 |
|
| Huarong Finance II Co. Ltd., (British Virgin Islands), |
|
|
|
|
|
|
|
|
| Reg. S, 4.63%, 06/03/2026 |
|
|
300 |
|
|
|
295 |
|
| Reg. S, 5.00%, 11/19/2025 |
|
|
300 |
|
|
|
297 |
|
| Icahn Enterprises LP / Icahn Enterprises Finance Corp., |
|
|
|
|
|
|
|
|
| 4.38%, 02/01/2029 |
|
|
4,808 |
|
|
|
4,210 |
|
| 5.25%, 05/15/2027 |
|
|
7,193 |
|
|
|
6,893 |
|
| 9.00%, 06/15/2030 (e) |
|
|
1,355 |
|
|
|
1,366 |
|
| 9.75%, 01/15/2029 (e) |
|
|
3,404 |
|
|
|
3,531 |
|
| Khazanah Capital Ltd., (Malaysia), Reg. S, 4.88%, 06/01/2033 |
|
|
7,000 |
|
|
|
7,135 |
|
| Oaktree Strategic Credit Fund, |
|
|
|
|
|
|
|
|
| 6.50%, 07/23/2029 (e) |
|
|
1,816 |
|
|
|
1,843 |
|
| 8.40%, 11/14/2028 (e) |
|
|
745 |
|
|
|
805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
94,407 |
|
|
|
|
|
|
|
|
|
|
| Private Equity — 0.0% (g) |
|
|
|
|
|
|
|
|
| HAT Holdings I LLC / HAT Holdings II LLC, |
|
|
|
|
|
|
|
|
| 3.38%, 06/15/2026 (e) |
|
|
1,774 |
|
|
|
1,718 |
|
| 8.00%, 06/15/2027 (e) |
|
|
2,593 |
|
|
|
2,747 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,465 |
|
|
|
|
|
|
|
|
|
|
| Real Estate — 1.1% |
|
|
|
|
|
|
|
|
| Adler Financing Sarl, (Luxembourg), |
|
|
|
|
|
|
|
|
| Series 1.5L, Reg. S, 14.00% (PIK), 12/31/2029 (v) |
|
EUR |
257 |
|
|
|
296 |
|
| Series 1L, 12.50% (PIK), 12/31/2028 (v) |
|
EUR |
4,622 |
|
|
|
5,356 |
|
| ADLER Real Estate GmbH, (Germany), Reg. S, 3.00%, 04/27/2026 |
|
EUR |
1,500 |
|
|
|
1,590 |
|
| Aedas Homes Opco SL, (Spain), Reg. S, 4.00%, 08/15/2026 |
|
EUR |
5,496 |
|
|
|
6,114 |
|
| Anywhere Real Estate Group LLC / Anywhere Co-Issuer Corp., |
|
|
|
|
|
|
|
|
| 7.00%, 04/15/2030 (e) |
|
|
5,310 |
|
|
|
4,939 |
|
| Series AI, 7.00%, 04/15/2030 |
|
|
720 |
|
|
|
669 |
|
| Aroundtown Finance Sarl, (Luxembourg), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 4.51%), 7.13%, 01/16/2030 (x) (aa) |
|
EUR |
300 |
|
|
|
311 |
|
| Aroundtown SA, (Luxembourg), Reg. S, 0.38%, 04/15/2027 |
|
EUR |
400 |
|
|
|
407 |
|
| BRANICKS Group AG, (Germany), Reg. S, 2.25%, 09/22/2026 |
|
EUR |
100 |
|
|
|
62 |
|
| Citycon Treasury BV, (Netherlands), Reg. S, 2.38%, 01/15/2027 |
|
EUR |
500 |
|
|
|
537 |
|
| CoreLogic, Inc., 4.50%, 05/01/2028 (e) |
|
|
11,468 |
|
|
|
10,827 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Real Estate — continued |
|
|
|
|
|
|
|
|
| Cushman & Wakefield US Borrower LLC, |
|
|
|
|
|
|
|
|
| 6.75%, 05/15/2028 (e) |
|
|
4,336 |
|
|
|
4,394 |
|
| 8.88%, 09/01/2031 (e) |
|
|
1,195 |
|
|
|
1,304 |
|
| DEMIRE Deutsche Mittelstand Real Estate AG, (Germany), Reg. S, 1.88%, 10/15/2024 |
|
EUR |
100 |
|
|
|
94 |
|
| Easy Tactic Ltd., (British Virgin Islands), Reg. S, 6.50%, (cash), 07/11/2028 (d) |
|
|
120 |
|
|
|
3 |
|
| Emeria SASU, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 03/31/2028 |
|
EUR |
3,220 |
|
|
|
3,063 |
|
| Reg. S, 7.75%, 03/31/2028 |
|
EUR |
3,690 |
|
|
|
3,925 |
|
| Fastighets AB Balder, (Sweden), Reg. S, 1.13%, 01/29/2027 |
|
EUR |
300 |
|
|
|
316 |
|
| Five Point Operating Co. LP / Five Point Capital Corp., SUB, 10.50%, 01/15/2028 (e) |
|
|
4,764 |
|
|
|
4,874 |
|
| Greystar Real Estate Partners LLC, 7.75%, 09/01/2030 (e) |
|
|
1,000 |
|
|
|
1,062 |
|
| Heimstaden Bostad AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 3.15%), 2.63%, 02/01/2027 (x) (aa) |
|
EUR |
1,400 |
|
|
|
1,335 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.27%), 3.00%, 10/29/2027 (x) (aa) |
|
EUR |
2,800 |
|
|
|
2,639 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.91%), 3.38%, 01/15/2026 (x) (aa) |
|
EUR |
2,150 |
|
|
|
2,142 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.90%), 3.63%, 10/13/2026 (x) (aa) |
|
EUR |
2,000 |
|
|
|
1,961 |
|
| Heimstaden Bostad Treasury BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 0.63%, 07/24/2025 |
|
EUR |
100 |
|
|
|
108 |
|
| Reg. S, 1.00%, 04/13/2028 |
|
EUR |
100 |
|
|
|
98 |
|
| Reg. S, 1.63%, 10/13/2031 |
|
EUR |
5,440 |
|
|
|
4,845 |
|
| Howard Hughes Corp. (The), |
|
|
|
|
|
|
|
|
| 4.13%, 02/01/2029 (e) |
|
|
5,131 |
|
|
|
4,784 |
|
| 4.38%, 02/01/2031 (e) |
|
|
4,353 |
|
|
|
3,991 |
|
| 5.38%, 08/01/2028 (e) |
|
|
6,375 |
|
|
|
6,281 |
|
| Hunt Cos., Inc., 5.25%, 04/15/2029 (e) |
|
|
4,190 |
|
|
|
4,053 |
|
| Samhallsbyggnadsbolaget i Norden AB, (Sweden), |
|
|
|
|
|
|
|
|
| Reg. S, 2.25%, 08/12/2027 (d) |
|
EUR |
9,170 |
|
|
|
8,364 |
|
| Reg. S, SUB, 2.38%, 09/04/2026 (d) |
|
EUR |
7,542 |
|
|
|
7,343 |
|
| Reg. S, 2.62%, 01/30/2025 (d) (x) |
|
EUR |
10,000 |
|
|
|
5,343 |
|
| SBB Treasury OYJ, (Finland), Reg. S, 1.13%, 11/26/2029 (d) |
|
EUR |
5,130 |
|
|
|
4,094 |
|
| Sunac China Holdings Ltd., (Cayman Islands), |
|
|
|
|
|
|
|
|
| 6.00% (PIK), 09/30/2025 (e) (v) |
|
|
22 |
|
|
|
3 |
|
| Reg. S, 6.25% (PIK), 09/30/2026 (v) |
|
|
72 |
|
|
|
8 |
|
| 6.50% (PIK), 09/30/2027 (e) (v) |
|
|
48 |
|
|
|
4 |
|
| Reg. S, 6.75% (PIK), 09/30/2028 (v) |
|
|
107 |
|
|
|
9 |
|
| 6.75% (PIK), 09/30/2028 (e) (v) |
|
|
75 |
|
|
|
7 |
|
| Reg. S, 7.00% (PIK), 09/30/2029 (v) |
|
|
399 |
|
|
|
30 |
|
| 7.25% (PIK), 09/30/2030 (e) (v) |
|
|
38 |
|
|
|
3 |
|
| Unique Pub Finance Co. plc (The), (United Kingdom), Series N, Reg. S, 6.46%, 03/30/2032 |
|
GBP |
229 |
|
|
|
315 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,903 |
|
|
|
|
|
|
|
|
|
|
| REITS — 1.3% |
|
|
|
|
|
|
|
|
| American Tower Corp., |
|
|
|
|
|
|
|
|
| 1.60%, 04/15/2026 |
|
|
28 |
|
|
|
27 |
|
| 2.75%, 01/15/2027 |
|
|
750 |
|
|
|
725 |
|
| 3.60%, 01/15/2028 |
|
|
240 |
|
|
|
234 |
|
| 3.65%, 03/15/2027 |
|
|
171 |
|
|
|
168 |
|
| Brookfield Property REIT, Inc. / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL, 4.50%, 04/01/2027 (e) |
|
|
57 |
|
|
|
56 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| REITS — continued |
|
|
|
|
|
|
|
|
| Crown Castle, Inc., |
|
|
|
|
|
|
|
|
| 3.65%, 09/01/2027 |
|
|
544 |
|
|
|
533 |
|
| 4.80%, 09/01/2028 |
|
|
88 |
|
|
|
89 |
|
| Diversified Healthcare Trust, |
|
|
|
|
|
|
|
|
| 4.38%, 03/01/2031 |
|
|
1,950 |
|
|
|
1,604 |
|
| 4.75%, 02/15/2028 |
|
|
3,620 |
|
|
|
3,276 |
|
| 9.75%, 06/15/2025 |
|
|
73 |
|
|
|
73 |
|
| EPR Properties, 4.75%, 12/15/2026 |
|
|
999 |
|
|
|
995 |
|
| GLP Capital LP / GLP Financing II, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 06/01/2025 |
|
|
530 |
|
|
|
529 |
|
| 5.38%, 04/15/2026 |
|
|
674 |
|
|
|
677 |
|
| 5.75%, 06/01/2028 |
|
|
522 |
|
|
|
536 |
|
| Host Hotels & Resorts LP, 5.50%, 04/15/2035 |
|
|
2,371 |
|
|
|
2,403 |
|
| Iron Mountain Information Management Services, Inc., 5.00%, 07/15/2032 (e) |
|
|
5,191 |
|
|
|
5,006 |
|
| Iron Mountain UK plc, (United Kingdom), Reg. S, 3.88%, 11/15/2025 |
|
GBP |
100 |
|
|
|
132 |
|
| Iron Mountain, Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 07/15/2030 (e) |
|
|
155 |
|
|
|
153 |
|
| 5.63%, 07/15/2032 (e) |
|
|
360 |
|
|
|
359 |
|
| 7.00%, 02/15/2029 (e) |
|
|
4,977 |
|
|
|
5,188 |
|
| Kite Realty Group Trust, 4.00%, 03/15/2025 |
|
|
99 |
|
|
|
98 |
|
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., |
|
|
|
|
|
|
|
|
| 4.75%, 06/15/2029 (e) |
|
|
19 |
|
|
|
19 |
|
| 5.25%, 10/01/2025 (e) |
|
|
201 |
|
|
|
200 |
|
| 7.00%, 07/15/2031 (e) |
|
|
3,579 |
|
|
|
3,795 |
|
| MPT Operating Partnership LP / MPT Finance Corp., |
|
|
|
|
|
|
|
|
| 2.50%, 03/24/2026 |
|
GBP |
979 |
|
|
|
1,182 |
|
| 3.50%, 03/15/2031 |
|
|
8,801 |
|
|
|
6,430 |
|
| 4.63%, 08/01/2029 |
|
|
7,834 |
|
|
|
6,309 |
|
| 5.00%, 10/15/2027 |
|
|
278 |
|
|
|
250 |
|
| 5.25%, 08/01/2026 |
|
|
346 |
|
|
|
330 |
|
| Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer, 7.00%, 02/01/2030 (e) |
|
|
2,204 |
|
|
|
2,291 |
|
| Pebblebrook Hotel LP / PEB Finance Corp., 6.38%, 10/15/2029 (e) (w) |
|
|
1,276 |
|
|
|
1,284 |
|
| RHP Hotel Properties LP / RHP Finance Corp., |
|
|
|
|
|
|
|
|
| 4.50%, 02/15/2029 (e) |
|
|
3,289 |
|
|
|
3,182 |
|
| 4.75%, 10/15/2027 |
|
|
1,972 |
|
|
|
1,948 |
|
| 6.50%, 04/01/2032 (e) |
|
|
13,780 |
|
|
|
14,243 |
|
| 7.25%, 07/15/2028 (e) |
|
|
885 |
|
|
|
926 |
|
| RLJ Lodging Trust LP, 4.00%, 09/15/2029 (e) |
|
|
159 |
|
|
|
146 |
|
| SBA Communications Corp., 3.13%, 02/01/2029 |
|
|
7,954 |
|
|
|
7,345 |
|
| Service Properties Trust, |
|
|
|
|
|
|
|
|
| 8.63%, 11/15/2031 (e) |
|
|
15,185 |
|
|
|
16,514 |
|
| 8.88%, 06/15/2032 |
|
|
4,181 |
|
|
|
3,994 |
|
| Starwood Property Trust, Inc., |
|
|
|
|
|
|
|
|
| 4.38%, 01/15/2027 (e) |
|
|
325 |
|
|
|
316 |
|
| 6.00%, 04/15/2030 (e) (w) |
|
|
929 |
|
|
|
929 |
|
| 7.25%, 04/01/2029 (e) |
|
|
4,463 |
|
|
|
4,680 |
|
| Uniti Group LP / Uniti Group Finance, Inc. / CSL Capital LLC, 10.50%, 02/15/2028 (e) |
|
|
22,688 |
|
|
|
24,213 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| REITS — continued |
|
|
|
|
|
|
|
|
| VICI Properties LP, 5.63%, 05/15/2052 |
|
|
44 |
|
|
|
43 |
|
| VICI Properties LP / VICI Note Co., Inc., |
|
|
|
|
|
|
|
|
| 3.50%, 02/15/2025 (e) |
|
|
665 |
|
|
|
659 |
|
| 3.75%, 02/15/2027 (e) |
|
|
713 |
|
|
|
696 |
|
| 3.88%, 02/15/2029 (e) |
|
|
608 |
|
|
|
583 |
|
| 4.25%, 12/01/2026 (e) |
|
|
621 |
|
|
|
615 |
|
| 4.50%, 09/01/2026 (e) |
|
|
472 |
|
|
|
470 |
|
| 4.50%, 01/15/2028 (e) |
|
|
500 |
|
|
|
493 |
|
| 4.63%, 06/15/2025 (e) |
|
|
871 |
|
|
|
866 |
|
| 5.75%, 02/01/2027 (e) |
|
|
1,507 |
|
|
|
1,533 |
|
| Vornado Realty LP, 3.50%, 01/15/2025 |
|
|
219 |
|
|
|
217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
129,562 |
|
|
|
|
|
|
|
|
|
|
| Savings & Loans — 0.0% (g) |
|
|
|
|
|
|
|
|
| Nationwide Building Society, (United Kingdom), Reg. S, (UK Gilts 5 Year + 5.63%), 5.75%, 06/20/2027 (x) (aa) |
|
GBP |
500 |
|
|
|
646 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
1,333,555 |
|
|
|
|
|
|
|
|
|
|
| Government — 0.0% (g) |
|
|
|
|
|
|
|
|
| Multi-National — 0.0% (g) |
|
|
|
|
|
|
|
|
| Africa Finance Corp., (Supranational), Reg. S, 2.87%, 08/13/2031 |
|
|
200 |
|
|
|
170 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 9.0% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 1.9% |
|
|
|
|
|
|
|
|
| AAR Escrow Issuer LLC, 6.75%, 03/15/2029 (e) |
|
|
1,689 |
|
|
|
1,757 |
|
| Boeing Co. (The), |
|
|
|
|
|
|
|
|
| 2.20%, 02/04/2026 |
|
|
1,300 |
|
|
|
1,252 |
|
| 2.25%, 06/15/2026 |
|
|
87 |
|
|
|
83 |
|
| 3.10%, 05/01/2026 |
|
|
498 |
|
|
|
483 |
|
| 3.20%, 03/01/2029 |
|
|
311 |
|
|
|
288 |
|
| 4.88%, 05/01/2025 |
|
|
137 |
|
|
|
137 |
|
| 5.81%, 05/01/2050 |
|
|
1,270 |
|
|
|
1,226 |
|
| 5.93%, 05/01/2060 |
|
|
3,605 |
|
|
|
3,460 |
|
| 6.26%, 05/01/2027 (e) |
|
|
345 |
|
|
|
356 |
|
| 6.30%, 05/01/2029 (e) |
|
|
546 |
|
|
|
574 |
|
| 6.86%, 05/01/2054 (e) |
|
|
4,947 |
|
|
|
5,427 |
|
| 7.01%, 05/01/2064 (e) |
|
|
1,960 |
|
|
|
2,157 |
|
| Bombardier, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 6.00%, 02/15/2028 (e) |
|
|
5,348 |
|
|
|
5,382 |
|
| 7.00%, 06/01/2032 (e) |
|
|
7,635 |
|
|
|
7,986 |
|
| 7.13%, 06/15/2026 (e) |
|
|
682 |
|
|
|
692 |
|
| 7.25%, 07/01/2031 (e) |
|
|
7,628 |
|
|
|
8,064 |
|
| 7.50%, 02/01/2029 (e) |
|
|
5,539 |
|
|
|
5,861 |
|
| 7.88%, 04/15/2027 (e) |
|
|
2,980 |
|
|
|
2,988 |
|
| 8.75%, 11/15/2030 (e) |
|
|
8,667 |
|
|
|
9,513 |
|
| Embraer Netherlands Finance BV, (Netherlands), 7.00%, 07/28/2030 (e) |
|
|
3,000 |
|
|
|
3,267 |
|
| F-Brasile SpA / F-Brasile US LLC, (Italy), Series XR, 7.38%, 08/15/2026 (e) |
|
|
4,738 |
|
|
|
4,724 |
|
| HEICO Corp., 5.25%, 08/01/2028 |
|
|
78 |
|
|
|
80 |
|
| Hexcel Corp., 4.95%, 08/15/2025 |
|
|
136 |
|
|
|
135 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Aerospace/Defense — continued |
|
|
|
|
|
|
|
|
| Rolls-Royce plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| 3.63%, 10/14/2025 (e) |
|
|
1,889 |
|
|
|
1,856 |
|
| 5.75%, 10/15/2027 (e) |
|
|
400 |
|
|
|
412 |
|
| Spirit AeroSystems, Inc., |
|
|
|
|
|
|
|
|
| 9.38%, 11/30/2029 (e) |
|
|
4,880 |
|
|
|
5,295 |
|
| 9.75%, 11/15/2030 (e) |
|
|
5,429 |
|
|
|
6,053 |
|
| TransDigm, Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 01/15/2029 |
|
|
4,533 |
|
|
|
4,377 |
|
| 5.50%, 11/15/2027 |
|
|
2,001 |
|
|
|
1,994 |
|
| 6.00%, 01/15/2033 (e) |
|
|
15,609 |
|
|
|
15,828 |
|
| 6.38%, 03/01/2029 (e) |
|
|
25,775 |
|
|
|
26,630 |
|
| 6.63%, 03/01/2032 (e) |
|
|
28,362 |
|
|
|
29,548 |
|
| 6.75%, 08/15/2028 (e) |
|
|
12,331 |
|
|
|
12,690 |
|
| 7.13%, 12/01/2031 (e) |
|
|
7,872 |
|
|
|
8,318 |
|
| Triumph Group, Inc., 9.00%, 03/15/2028 (e) |
|
|
12,528 |
|
|
|
13,141 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
192,034 |
|
|
|
|
|
|
|
|
|
|
| Building Materials — 1.4% |
|
|
|
|
|
|
|
|
| Builders FirstSource, Inc., |
|
|
|
|
|
|
|
|
| 5.00%, 03/01/2030 (e) |
|
|
430 |
|
|
|
422 |
|
| 6.38%, 03/01/2034 (e) |
|
|
1,231 |
|
|
|
1,278 |
|
| Camelot Return Merger Sub, Inc., 8.75%, 08/01/2028 (e) |
|
|
5,369 |
|
|
|
5,433 |
|
| Cornerstone Building Brands, Inc., 6.13%, 01/15/2029 (e) |
|
|
3,975 |
|
|
|
3,512 |
|
| Eco Material Technologies, Inc., 7.88%, 01/31/2027 (e) |
|
|
3,097 |
|
|
|
3,130 |
|
| EMRLD Borrower LP / Emerald Co-Issuer, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 6.38%, 12/15/2030 |
|
EUR |
5,495 |
|
|
|
6,416 |
|
| 6.38%, 12/15/2030 (e) |
|
EUR |
731 |
|
|
|
854 |
|
| 6.63%, 12/15/2030 (e) |
|
|
27,184 |
|
|
|
28,031 |
|
| 6.75%, 07/15/2031 (e) |
|
|
5,194 |
|
|
|
5,417 |
|
| Griffon Corp., 5.75%, 03/01/2028 |
|
|
1,380 |
|
|
|
1,362 |
|
| HT Troplast GmbH, (Germany), Reg. S, 9.38%, 07/15/2028 |
|
EUR |
200 |
|
|
|
230 |
|
| JELD-WEN, Inc., |
|
|
|
|
|
|
|
|
| 4.88%, 12/15/2027 (e) |
|
|
2,108 |
|
|
|
2,060 |
|
| 7.00%, 09/01/2032 (e) |
|
|
4,166 |
|
|
|
4,206 |
|
| Knife River Corp., 7.75%, 05/01/2031 (e) |
|
|
185 |
|
|
|
197 |
|
| Masterbrand, Inc., 7.00%, 07/15/2032 (e) |
|
|
645 |
|
|
|
676 |
|
| Miter Brands Acquisition Holdco, Inc. / MIWD Borrower LLC, 6.75%, 04/01/2032 (e) |
|
|
906 |
|
|
|
939 |
|
| MIWD Holdco II LLC / MIWD Finance Corp., 5.50%, 02/01/2030 (e) |
|
|
3,550 |
|
|
|
3,441 |
|
| New Enterprise Stone & Lime Co., Inc., |
|
|
|
|
|
|
|
|
| 5.25%, 07/15/2028 (e) |
|
|
2,603 |
|
|
|
2,544 |
|
| 9.75%, 07/15/2028 (e) |
|
|
1,087 |
|
|
|
1,110 |
|
| Owens Corning, 3.50%, 02/15/2030 |
|
|
97 |
|
|
|
92 |
|
| PCF GmbH, (Germany), Reg. S, 4.75%, 04/15/2029 |
|
EUR |
2,423 |
|
|
|
2,323 |
|
| Smyrna Ready Mix Concrete LLC, |
|
|
|
|
|
|
|
|
| 6.00%, 11/01/2028 (e) |
|
|
7,962 |
|
|
|
7,999 |
|
| 8.88%, 11/15/2031 (e) |
|
|
14,464 |
|
|
|
15,598 |
|
| Standard Building Solutions, Inc., 6.50%, 08/15/2032 (e) |
|
|
4,159 |
|
|
|
4,305 |
|
| Standard Industries, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 2.25%, 11/21/2026 |
|
EUR |
9,377 |
|
|
|
10,077 |
|
| 3.38%, 01/15/2031 (e) |
|
|
5,320 |
|
|
|
4,740 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Building Materials — continued |
|
|
|
|
|
|
|
|
| 4.38%, 07/15/2030 (e) |
|
|
11,125 |
|
|
|
10,531 |
|
| 4.75%, 01/15/2028 (e) |
|
|
858 |
|
|
|
840 |
|
| 5.00%, 02/15/2027 (e) |
|
|
1,621 |
|
|
|
1,608 |
|
| Summit Materials LLC / Summit Materials Finance Corp., |
|
|
|
|
|
|
|
|
| 5.25%, 01/15/2029 (e) |
|
|
38 |
|
|
|
38 |
|
| 7.25%, 01/15/2031 (e) |
|
|
5,212 |
|
|
|
5,515 |
|
| Wilsonart LLC, 11.00%, 08/15/2032 (e) |
|
|
3,406 |
|
|
|
3,406 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
138,330 |
|
|
|
|
|
|
|
|
|
|
| Electrical Components & Equipments — 0.2% |
|
|
|
|
|
|
|
|
| Belden, Inc., |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 07/15/2027 |
|
EUR |
3,000 |
|
|
|
3,307 |
|
| Reg. S, 3.38%, 07/15/2031 |
|
EUR |
3,513 |
|
|
|
3,709 |
|
| Energizer Holdings, Inc., |
|
|
|
|
|
|
|
|
| 4.38%, 03/31/2029 (e) |
|
|
625 |
|
|
|
592 |
|
| 4.75%, 06/15/2028 (e) |
|
|
500 |
|
|
|
485 |
|
| 6.50%, 12/31/2027 (e) |
|
|
2,275 |
|
|
|
2,312 |
|
| EnerSys, |
|
|
|
|
|
|
|
|
| 4.38%, 12/15/2027 (e) |
|
|
560 |
|
|
|
544 |
|
| 6.63%, 01/15/2032 (e) |
|
|
235 |
|
|
|
243 |
|
| Nexans SA, (France), Reg. S, 4.25%, 03/11/2030 |
|
EUR |
100 |
|
|
|
114 |
|
| WESCO Distribution, Inc., |
|
|
|
|
|
|
|
|
| 6.38%, 03/15/2029 (e) |
|
|
5,202 |
|
|
|
5,375 |
|
| 6.63%, 03/15/2032 (e) |
|
|
3,837 |
|
|
|
3,996 |
|
| 7.25%, 06/15/2028 (e) |
|
|
1,485 |
|
|
|
1,521 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,198 |
|
|
|
|
|
|
|
|
|
|
| Electronics — 0.2% |
|
|
|
|
|
|
|
|
| Coherent Corp., 5.00%, 12/15/2029 (e) |
|
|
4,834 |
|
|
|
4,727 |
|
| EquipmentShare.com, Inc., 8.00%, 03/15/2033 (e) |
|
|
1,428 |
|
|
|
1,463 |
|
| Imola Merger Corp., 4.75%, 05/15/2029 (e) |
|
|
3,265 |
|
|
|
3,188 |
|
| Sensata Technologies BV, (Netherlands), 4.00%, 04/15/2029 (e) |
|
|
74 |
|
|
|
71 |
|
| Sensata Technologies, Inc., |
|
|
|
|
|
|
|
|
| 3.75%, 02/15/2031 (e) |
|
|
990 |
|
|
|
907 |
|
| 4.38%, 02/15/2030 (e) |
|
|
5,753 |
|
|
|
5,498 |
|
| 6.63%, 07/15/2032 (e) |
|
|
6,567 |
|
|
|
6,848 |
|
| Vontier Corp., 2.40%, 04/01/2028 |
|
|
1,811 |
|
|
|
1,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,366 |
|
|
|
|
|
|
|
|
|
|
| Engineering & Construction — 1.1% |
|
|
|
|
|
|
|
|
| Abertis Infraestructuras Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 3.27%), 2.63%, 01/26/2027 (x) (aa) |
|
EUR |
13,900 |
|
|
|
14,809 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.69%), 3.25%, 11/24/2025 (x) (aa) |
|
EUR |
200 |
|
|
|
220 |
|
| Arcosa, Inc., |
|
|
|
|
|
|
|
|
| 4.38%, 04/15/2029 (e) |
|
|
2,845 |
|
|
|
2,727 |
|
| 6.88%, 08/15/2032 (e) |
|
|
5,187 |
|
|
|
5,429 |
|
| Assemblin Caverion Group AB, (Sweden), 6.25%, 07/01/2030 (e) |
|
EUR |
7,480 |
|
|
|
8,536 |
|
| Azzurra Aeroporti SpA, (Italy), Reg. S, 2.63%, 05/30/2027 |
|
EUR |
300 |
|
|
|
321 |
|
| Bioceanico Sovereign Certificate Ltd., (Cayman Islands), Reg. S, Zero Coupon, 06/05/2034 |
|
|
4,309 |
|
|
|
3,372 |
|
| Brand Industrial Services, Inc., 10.38%, 08/01/2030 (e) |
|
|
19,575 |
|
|
|
20,956 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Engineering & Construction — continued |
|
|
|
|
|
|
|
|
| Dycom Industries, Inc., 4.50%, 04/15/2029 (e) |
|
|
343 |
|
|
|
331 |
|
| Gatwick Airport Finance plc, (United Kingdom), Reg. S, 4.38%, 04/07/2026 |
|
GBP |
14,440 |
|
|
|
18,881 |
|
| GMR Hyderabad International Airport Ltd., (India), Reg. S, 4.25%, 10/27/2027 |
|
|
377 |
|
|
|
361 |
|
| Heathrow Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, SUB, 3.88%, 03/01/2027 |
|
GBP |
1,940 |
|
|
|
2,464 |
|
| Reg. S, 5.75%, 03/03/2025 |
|
GBP |
5,200 |
|
|
|
6,932 |
|
| Reg. S, 6.63%, 03/01/2031 |
|
GBP |
12,000 |
|
|
|
16,057 |
|
| Infrastrutture Wireless Italiane SpA, (Italy), Reg. S, 1.63%, 10/21/2028 |
|
EUR |
400 |
|
|
|
420 |
|
| Jacobs Engineering Group, Inc., 6.35%, 08/18/2028 |
|
|
309 |
|
|
|
329 |
|
| Kier Group plc, (United Kingdom), Reg. S, 9.00%, 02/15/2029 |
|
GBP |
164 |
|
|
|
234 |
|
| Kingston Airport Revenue Finance Ltd., (Cayman Islands), 6.75%, 12/15/2036 (e) (w) |
|
|
1,200 |
|
|
|
1,244 |
|
| MasTec, Inc., 4.50%, 08/15/2028 (e) |
|
|
538 |
|
|
|
528 |
|
| TopBuild Corp., |
|
|
|
|
|
|
|
|
| 3.63%, 03/15/2029 (e) |
|
|
1,750 |
|
|
|
1,632 |
|
| 4.13%, 02/15/2032 (e) |
|
|
1,525 |
|
|
|
1,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,185 |
|
|
|
|
|
|
|
|
|
|
| Environmental Control — 0.5% |
|
|
|
|
|
|
|
|
| Clean Harbors, Inc., |
|
|
|
|
|
|
|
|
| 4.88%, 07/15/2027 (e) |
|
|
104 |
|
|
|
103 |
|
| 5.13%, 07/15/2029 (e) |
|
|
41 |
|
|
|
40 |
|
| 6.38%, 02/01/2031 (e) |
|
|
506 |
|
|
|
518 |
|
| GFL Environmental, Inc., (Canada), |
|
|
|
|
|
|
|
|
| 3.50%, 09/01/2028 (e) |
|
|
185 |
|
|
|
176 |
|
| 4.00%, 08/01/2028 (e) |
|
|
2,312 |
|
|
|
2,222 |
|
| 4.38%, 08/15/2029 (e) |
|
|
3,877 |
|
|
|
3,717 |
|
| 4.75%, 06/15/2029 (e) |
|
|
3,939 |
|
|
|
3,843 |
|
| 6.75%, 01/15/2031 (e) |
|
|
7,697 |
|
|
|
8,077 |
|
| Madison IAQ LLC, |
|
|
|
|
|
|
|
|
| 4.13%, 06/30/2028 (e) |
|
|
1,116 |
|
|
|
1,077 |
|
| 5.88%, 06/30/2029 (e) |
|
|
4,405 |
|
|
|
4,288 |
|
| Paprec Holding SA, (France), Reg. S, 7.25%, 11/17/2029 |
|
EUR |
805 |
|
|
|
952 |
|
| Reworld Holding Corp., |
|
|
|
|
|
|
|
|
| 4.88%, 12/01/2029 (e) |
|
|
5,095 |
|
|
|
4,796 |
|
| 5.00%, 09/01/2030 |
|
|
1,131 |
|
|
|
1,061 |
|
| Veralto Corp., |
|
|
|
|
|
|
|
|
| 5.35%, 09/18/2028 |
|
|
188 |
|
|
|
196 |
|
| 5.50%, 09/18/2026 |
|
|
215 |
|
|
|
220 |
|
| Waste Pro USA, Inc., 5.50%, 02/15/2026 (e) |
|
|
16,978 |
|
|
|
16,892 |
|
| Wrangler Holdco Corp., 6.63%, 04/01/2032 (e) |
|
|
6,277 |
|
|
|
6,525 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,703 |
|
|
|
|
|
|
|
|
|
|
| Hand/Machine Tools — 0.1% |
|
|
|
|
|
|
|
|
| Dynamo Newco II GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 6.25%, 10/15/2031 |
|
EUR |
174 |
|
|
|
195 |
|
| 6.25%, 10/15/2031 (e) |
|
EUR |
4,819 |
|
|
|
5,398 |
|
| Regal Rexnord Corp., |
|
|
|
|
|
|
|
|
| 6.05%, 02/15/2026 |
|
|
114 |
|
|
|
115 |
|
| 6.05%, 04/15/2028 |
|
|
1,680 |
|
|
|
1,746 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,454 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Machinery - Construction & Mining — 0.2% |
|
|
|
|
|
|
|
|
| BWX Technologies, Inc., |
|
|
|
|
|
|
|
|
| 4.13%, 06/30/2028 (e) |
|
|
341 |
|
|
|
329 |
|
| 4.13%, 04/15/2029 (e) |
|
|
2,629 |
|
|
|
2,526 |
|
| Manitowoc Co., Inc. (The), 9.25%, 10/01/2031 (e) |
|
|
1,430 |
|
|
|
1,466 |
|
| Terex Corp., |
|
|
|
|
|
|
|
|
| 5.00%, 05/15/2029 (e) |
|
|
5,085 |
|
|
|
4,960 |
|
| 6.25%, 10/15/2032 (e) (w) |
|
|
975 |
|
|
|
985 |
|
| Vertiv Group Corp., 4.13%, 11/15/2028 (e) |
|
|
5,257 |
|
|
|
5,082 |
|
| Weir Group plc (The), (United Kingdom), 2.20%, 05/13/2026 (e) |
|
|
1,425 |
|
|
|
1,370 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,718 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Diversified — 0.6% |
|
|
|
|
|
|
|
|
| AGCO Corp., 5.45%, 03/21/2027 |
|
|
83 |
|
|
|
85 |
|
| ATS Corp., (Canada), 4.13%, 12/15/2028 (e) |
|
|
114 |
|
|
|
107 |
|
| Chart Industries, Inc., |
|
|
|
|
|
|
|
|
| 7.50%, 01/01/2030 (e) |
|
|
9,627 |
|
|
|
10,147 |
|
| 9.50%, 01/01/2031 (e) |
|
|
3,403 |
|
|
|
3,710 |
|
| Esab Corp., 6.25%, 04/15/2029 (e) |
|
|
1,567 |
|
|
|
1,609 |
|
| GrafTech Finance, Inc., 4.63%, 12/15/2028 (e) |
|
|
3,120 |
|
|
|
2,082 |
|
| GrafTech Global Enterprises, Inc., 9.88%, 12/15/2028 (e) |
|
|
580 |
|
|
|
465 |
|
| Husky Injection Molding Systems Ltd. / Titan Co-Borrower LLC, (Canada), 9.00%, 02/15/2029 (e) |
|
|
11,209 |
|
|
|
11,677 |
|
| Maxim Crane Works Holdings Capital LLC, 11.50%, 09/01/2028 (e) |
|
|
4,090 |
|
|
|
4,335 |
|
| Mueller Water Products, Inc., 4.00%, 06/15/2029 (e) |
|
|
1,088 |
|
|
|
1,038 |
|
| Nova Alexandre III SAS, (France), Reg. S, (ICE LIBOR EUR 3 Month + 5.25%), 8.91%, 07/15/2029 (aa) |
|
EUR |
555 |
|
|
|
605 |
|
| TK Elevator Holdco GmbH, (Germany), |
|
|
|
|
|
|
|
|
| Reg. S, 6.63%, 07/15/2028 |
|
EUR |
667 |
|
|
|
741 |
|
| 7.63%, 07/15/2028 (e) |
|
|
8,122 |
|
|
|
8,173 |
|
| TK Elevator Midco GmbH, (Germany), Reg. S, 4.38%, 07/15/2027 |
|
EUR |
1,053 |
|
|
|
1,162 |
|
| TK Elevator US Newco, Inc., 5.25%, 07/15/2027 (e) |
|
|
17,154 |
|
|
|
16,974 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62,910 |
|
|
|
|
|
|
|
|
|
|
| Metal Fabricate/Hardware — 0.1% |
|
|
|
|
|
|
|
|
| Advanced Drainage Systems, Inc., |
|
|
|
|
|
|
|
|
| 5.00%, 09/30/2027 (e) |
|
|
292 |
|
|
|
288 |
|
| 6.38%, 06/15/2030 (e) |
|
|
3,987 |
|
|
|
4,074 |
|
| Roller Bearing Co. of America, Inc., 4.38%, 10/15/2029 (e) |
|
|
3,020 |
|
|
|
2,895 |
|
| Vallourec SACA, (France), 7.50%, 04/15/2032 (e) |
|
|
3,133 |
|
|
|
3,324 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,581 |
|
|
|
|
|
|
|
|
|
|
| Miscellaneous Manufacturers — 0.1% |
|
|
|
|
|
|
|
|
| Amsted Industries, Inc., |
|
|
|
|
|
|
|
|
| 4.63%, 05/15/2030 (e) |
|
|
3,191 |
|
|
|
3,047 |
|
| 5.63%, 07/01/2027 (e) |
|
|
850 |
|
|
|
848 |
|
| Trinity Industries, Inc., 7.75%, 07/15/2028 (e) |
|
|
3,710 |
|
|
|
3,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,787 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Packaging & Containers — 2.0% |
|
|
|
|
|
|
|
|
| ARD Finance SA, (Luxembourg), 6.50% (cash), 06/30/2027 (e) (v) |
|
|
2,224 |
|
|
|
500 |
|
| Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance plc, (Multinational), |
|
|
|
|
|
|
|
|
| Reg. S, 2.00%, 09/01/2028 |
|
EUR |
300 |
|
|
|
303 |
|
| Reg. S, 3.00%, 09/01/2029 |
|
EUR |
300 |
|
|
|
285 |
|
| 3.25%, 09/01/2028 (e) |
|
|
1,707 |
|
|
|
1,563 |
|
| 4.00%, 09/01/2029 (e) |
|
|
15,371 |
|
|
|
13,674 |
|
| 6.00%, 06/15/2027 (e) |
|
|
2,884 |
|
|
|
2,905 |
|
| Ardagh Packaging Finance plc / Ardagh Holdings USA, Inc., (Multinational), |
|
|
|
|
|
|
|
|
| Reg. S, 2.13%, 08/15/2026 |
|
EUR |
10,835 |
|
|
|
10,434 |
|
| 4.13%, 08/15/2026 (e) |
|
|
9,807 |
|
|
|
8,825 |
|
| Ball Corp., 2.88%, 08/15/2030 |
|
|
1,925 |
|
|
|
1,713 |
|
| Clydesdale Acquisition Holdings, Inc., |
|
|
|
|
|
|
|
|
| 6.63%, 04/15/2029 (e) |
|
|
6,653 |
|
|
|
6,720 |
|
| 6.88%, 01/15/2030 (e) |
|
|
5,290 |
|
|
|
5,396 |
|
| 8.75%, 04/15/2030 (e) |
|
|
6,878 |
|
|
|
7,014 |
|
| Crown Americas LLC, 5.25%, 04/01/2030 |
|
|
488 |
|
|
|
493 |
|
| Crown European Holdings SACA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, 3.38%, 05/15/2025 |
|
EUR |
8,010 |
|
|
|
8,893 |
|
| Reg. S, 5.00%, 05/15/2028 |
|
EUR |
100 |
|
|
|
116 |
|
| Fiber Bidco Spa, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, 6.13%, 06/15/2031 |
|
EUR |
660 |
|
|
|
731 |
|
| 6.13%, 06/15/2031 (e) |
|
EUR |
4,310 |
|
|
|
4,774 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.00%), 7.35%, 01/15/2030 (aa) |
|
EUR |
100 |
|
|
|
112 |
|
| Fiber Midco Spa, (Italy), Reg. S, 10.00% (cash), 06/15/2029 (v) |
|
EUR |
100 |
|
|
|
114 |
|
| Graham Packaging Co., Inc., 7.13%, 08/15/2028 (e) |
|
|
1,600 |
|
|
|
1,587 |
|
| Graphic Packaging International LLC, |
|
|
|
|
|
|
|
|
| Reg. S, 2.63%, 02/01/2029 |
|
EUR |
400 |
|
|
|
416 |
|
| 3.50%, 03/15/2028 (e) |
|
|
975 |
|
|
|
929 |
|
| 3.50%, 03/01/2029 (e) |
|
|
2,150 |
|
|
|
2,019 |
|
| Intelligent Packaging Holdco Issuer LP, (Canada), 9.00% (cash), 01/15/2026 (e) (v) |
|
|
1,775 |
|
|
|
1,775 |
|
| Intelligent Packaging Ltd. Finco, Inc. / Intelligent Packaging Ltd. Co-Issuer LLC, (Canada), 6.00%, 09/15/2028 (e) |
|
|
4,964 |
|
|
|
4,922 |
|
| Iris Holding, Inc., 10.00%, 12/15/2028 (e) |
|
|
2,899 |
|
|
|
2,523 |
|
| Kleopatra Finco Sarl, (Luxembourg), Reg. S, 4.25%, 03/01/2026 |
|
EUR |
424 |
|
|
|
443 |
|
| Kleopatra Holdings 2 SCA, (Luxembourg), Reg. S, 6.50%, 09/01/2026 |
|
EUR |
100 |
|
|
|
85 |
|
| LABL, Inc., |
|
|
|
|
|
|
|
|
| 5.88%, 11/01/2028 (e) |
|
|
1,537 |
|
|
|
1,441 |
|
| 6.75%, 07/15/2026 (e) |
|
|
2,975 |
|
|
|
2,972 |
|
| 8.25%, 11/01/2029 (e) |
|
|
1,430 |
|
|
|
1,289 |
|
| 8.63%, 10/01/2031 (e) (w) |
|
|
6,238 |
|
|
|
6,210 |
|
| 9.50%, 11/01/2028 (e) |
|
|
6,340 |
|
|
|
6,552 |
|
| 10.50%, 07/15/2027 (e) |
|
|
2,705 |
|
|
|
2,710 |
|
| Mauser Packaging Solutions Holding Co., |
|
|
|
|
|
|
|
|
| 7.88%, 04/15/2027 (e) |
|
|
36,321 |
|
|
|
37,483 |
|
| 9.25%, 04/15/2027 (e) |
|
|
780 |
|
|
|
800 |
|
| OI European Group BV, (Netherlands), |
|
|
|
|
|
|
|
|
| Reg. S, 2.88%, 02/15/2025 |
|
EUR |
7,040 |
|
|
|
7,789 |
|
| 4.75%, 02/15/2030 (e) |
|
|
250 |
|
|
|
236 |
|
| 6.25%, 05/15/2028 (e) |
|
EUR |
568 |
|
|
|
659 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Packaging & Containers — continued |
|
|
|
|
|
|
|
|
| Owens-Brockway Glass Container, Inc., |
|
|
|
|
|
|
|
|
| 6.63%, 05/13/2027 (e) |
|
|
354 |
|
|
|
356 |
|
| 7.25%, 05/15/2031 (e) |
|
|
1,990 |
|
|
|
2,044 |
|
| Pactiv Evergreen Group Issuer LLC / Pactiv Evergreen Group Issuer, Inc., 4.38%, 10/15/2028 (e) |
|
|
2,200 |
|
|
|
2,107 |
|
| Reno de Medici SpA, (Italy), Reg. S, (ICE LIBOR EUR 3 Month + 5.00%), 8.48%, 04/15/2029 (aa) |
|
EUR |
13,200 |
|
|
|
13,425 |
|
| Sealed Air Corp., |
|
|
|
|
|
|
|
|
| 4.00%, 12/01/2027 (e) |
|
|
89 |
|
|
|
86 |
|
| 5.00%, 04/15/2029 (e) |
|
|
267 |
|
|
|
263 |
|
| 6.50%, 07/15/2032 (e) |
|
|
2,045 |
|
|
|
2,108 |
|
| Sealed Air Corp. / Sealed Air Corp. US, |
|
|
|
|
|
|
|
|
| 6.13%, 02/01/2028 (e) |
|
|
375 |
|
|
|
381 |
|
| 7.25%, 02/15/2031 (e) |
|
|
3,478 |
|
|
|
3,682 |
|
| Sonoco Products Co., 4.45%, 09/01/2026 |
|
|
108 |
|
|
|
108 |
|
| Titan Holdings II BV, (Netherlands), Reg. S, 5.13%, 07/15/2029 |
|
EUR |
153 |
|
|
|
173 |
|
| Trident TPI Holdings, Inc., 12.75%, 12/31/2028 (e) |
|
|
8,118 |
|
|
|
9,012 |
|
| TriMas Corp., 4.13%, 04/15/2029 (e) |
|
|
1,625 |
|
|
|
1,557 |
|
| Trivium Packaging Finance BV, (Netherlands), |
|
|
|
|
|
|
|
|
| 5.50%, 08/15/2026 (e) |
|
|
5,378 |
|
|
|
5,359 |
|
| 8.50%, 08/15/2027 (e) |
|
|
200 |
|
|
|
200 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
198,266 |
|
|
|
|
|
|
|
|
|
|
| Shipbuilding — 0.0% (g) |
|
|
|
|
|
|
|
|
| Huntington Ingalls Industries, Inc., 2.04%, 08/16/2028 |
|
|
768 |
|
|
|
705 |
|
|
|
|
|
|
|
|
|
|
| Transportation — 0.2% |
|
|
|
|
|
|
|
|
| Brightline East LLC, 11.00%, 01/31/2030 (e) |
|
|
1,499 |
|
|
|
1,276 |
|
| Empresa de los Ferrocarriles del Estado, (Chile), Reg. S, 3.83%, 09/14/2061 |
|
|
2,500 |
|
|
|
1,747 |
|
| Genesee & Wyoming, Inc., 6.25%, 04/15/2032 (e) |
|
|
4,846 |
|
|
|
4,986 |
|
| GN Bondco LLC, 9.50%, 10/15/2031 (e) |
|
|
8,029 |
|
|
|
8,451 |
|
| Mobico Group plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, 2.38%, 11/20/2028 |
|
GBP |
175 |
|
|
|
211 |
|
| Reg. S, (UK Gilts 5 Year + 4.14%), 4.25%, 11/26/2025 (x) (aa) |
|
GBP |
275 |
|
|
|
334 |
|
| Reg. S, 4.88%, 09/26/2031 |
|
EUR |
100 |
|
|
|
109 |
|
| Poste Italiane SpA, (Italy), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.68%), 2.63%, 03/24/2029 (x) (aa) |
|
EUR |
100 |
|
|
|
102 |
|
| Rand Parent LLC, 8.50%, 02/15/2030 (e) |
|
|
1,411 |
|
|
|
1,439 |
|
| RXO, Inc., 7.50%, 11/15/2027 (e) |
|
|
2,269 |
|
|
|
2,340 |
|
| Ryder System, Inc., 5.30%, 03/15/2027 |
|
|
95 |
|
|
|
97 |
|
| SGL Group ApS, (Denmark), (ICE LIBOR EUR 3 Month + 4.75%), 8.44%, 04/22/2030 (aa) |
|
EUR |
760 |
|
|
|
848 |
|
| Watco Cos. LLC / Watco Finance Corp, 7.13%, 08/01/2032 (e) |
|
|
898 |
|
|
|
936 |
|
| XPO, Inc., |
|
|
|
|
|
|
|
|
| 6.25%, 06/01/2028 (e) |
|
|
650 |
|
|
|
664 |
|
| 7.13%, 06/01/2031 (e) |
|
|
150 |
|
|
|
157 |
|
| 7.13%, 02/01/2032 (e) |
|
|
1,650 |
|
|
|
1,737 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25,434 |
|
|
|
|
|
|
|
|
|
|
| Trucking & Leasing — 0.4% |
|
|
|
|
|
|
|
|
| Fortress Transportation and Infrastructure Investors LLC, |
|
|
|
|
|
|
|
|
| 5.50%, 05/01/2028 (e) |
|
|
5,394 |
|
|
|
5,380 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Trucking & Leasing — continued |
|
|
|
|
|
|
|
|
| 7.00%, 05/01/2031 (e) |
|
|
11,559 |
|
|
|
12,166 |
|
| 7.00%, 06/15/2032 (e) |
|
|
8,831 |
|
|
|
9,272 |
|
| 7.88%, 12/01/2030 (e) |
|
|
7,240 |
|
|
|
7,801 |
|
| 9.75%, 08/01/2027 (e) |
|
|
1,034 |
|
|
|
1,059 |
|
| GATX Corp., 5.40%, 03/15/2027 |
|
|
140 |
|
|
|
144 |
|
| Penske Truck Leasing Co. LP / PTL Finance Corp., |
|
|
|
|
|
|
|
|
| 3.40%, 11/15/2026 (e) |
|
|
113 |
|
|
|
111 |
|
| 4.20%, 04/01/2027 (e) |
|
|
697 |
|
|
|
693 |
|
| 5.35%, 01/12/2027 (e) |
|
|
450 |
|
|
|
458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
37,084 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
905,755 |
|
|
|
|
|
|
|
|
|
|
| Technology — 3.1% |
|
|
|
|
|
|
|
|
| Computers — 0.5% |
|
|
|
|
|
|
|
|
| Amentum Escrow Corp., 7.25%, 08/01/2032 (e) |
|
|
4,305 |
|
|
|
4,492 |
|
| Booz Allen Hamilton, Inc., 3.88%, 09/01/2028 (e) |
|
|
173 |
|
|
|
168 |
|
| CA Magnum Holdings, (Mauritius), 5.38%, 10/31/2026 (e) |
|
|
6,947 |
|
|
|
6,843 |
|
| Crowdstrike Holdings, Inc., 3.00%, 02/15/2029 |
|
|
405 |
|
|
|
375 |
|
| Fortress Intermediate 3, Inc., 7.50%, 06/01/2031 (e) |
|
|
8,700 |
|
|
|
9,179 |
|
| Gartner, Inc., |
|
|
|
|
|
|
|
|
| 3.75%, 10/01/2030 (e) |
|
|
500 |
|
|
|
470 |
|
| 4.50%, 07/01/2028 (e) |
|
|
358 |
|
|
|
354 |
|
| Genpact Luxembourg Sarl / Genpact USA, Inc., (Luxembourg), 6.00%, 06/04/2029 |
|
|
109 |
|
|
|
114 |
|
| Insight Enterprises, Inc., 6.63%, 05/15/2032 (e) |
|
|
1,871 |
|
|
|
1,953 |
|
| KBR, Inc., 4.75%, 09/30/2028 (e) |
|
|
438 |
|
|
|
419 |
|
| McAfee Corp., 7.38%, 02/15/2030 (e) |
|
|
13,346 |
|
|
|
13,016 |
|
| NCR Atleos Corp., 9.50%, 04/01/2029 (e) |
|
|
5,487 |
|
|
|
6,040 |
|
| NCR Voyix Corp., |
|
|
|
|
|
|
|
|
| 5.00%, 10/01/2028 (e) |
|
|
3,375 |
|
|
|
3,317 |
|
| 5.13%, 04/15/2029 (e) |
|
|
924 |
|
|
|
904 |
|
| Seagate HDD Cayman, (Cayman Islands), |
|
|
|
|
|
|
|
|
| 8.25%, 12/15/2029 (e) |
|
|
4,337 |
|
|
|
4,713 |
|
| 8.50%, 07/15/2031 (e) |
|
|
2,131 |
|
|
|
2,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
54,686 |
|
|
|
|
|
|
|
|
|
|
| Office/Business & Equipments — 0.0% (g) |
|
|
|
|
|
|
|
|
| CDW LLC / CDW Finance Corp., |
|
|
|
|
|
|
|
|
| 5.10%, 03/01/2030 |
|
|
76 |
|
|
|
77 |
|
| 5.55%, 08/22/2034 |
|
|
1,925 |
|
|
|
1,970 |
|
| Zebra Technologies Corp., 6.50%, 06/01/2032 (e) |
|
|
1,323 |
|
|
|
1,382 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,429 |
|
|
|
|
|
|
|
|
|
|
| Semiconductors — 0.2% |
|
|
|
|
|
|
|
|
| ams-OSRAM AG, (Austria), Reg. S, 10.50%, 03/30/2029 |
|
EUR |
301 |
|
|
|
347 |
|
| Broadcom, Inc., |
|
|
|
|
|
|
|
|
| 5.05%, 07/12/2027 |
|
|
522 |
|
|
|
533 |
|
| 5.05%, 07/12/2029 |
|
|
363 |
|
|
|
374 |
|
| Entegris, Inc., |
|
|
|
|
|
|
|
|
| 4.38%, 04/15/2028 (e) |
|
|
476 |
|
|
|
459 |
|
| 4.75%, 04/15/2029 (e) |
|
|
3,470 |
|
|
|
3,420 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Semiconductors — continued |
|
|
|
|
|
|
|
|
| Foundry JV Holdco LLC, |
|
|
|
|
|
|
|
|
| 5.90%, 01/25/2030 (e) |
|
|
200 |
|
|
|
207 |
|
| 6.25%, 01/25/2035 (e) |
|
|
2,694 |
|
|
|
2,816 |
|
| 6.40%, 01/25/2038 (e) |
|
|
1,299 |
|
|
|
1,366 |
|
| Intel Corp., |
|
|
|
|
|
|
|
|
| 2.45%, 11/15/2029 |
|
|
220 |
|
|
|
198 |
|
| 3.15%, 05/11/2027 |
|
|
91 |
|
|
|
88 |
|
| 3.75%, 08/05/2027 |
|
|
250 |
|
|
|
245 |
|
| Microchip Technology, Inc., 4.25%, 09/01/2025 |
|
|
607 |
|
|
|
604 |
|
| Micron Technology, Inc., 5.38%, 04/15/2028 |
|
|
44 |
|
|
|
45 |
|
| Qorvo, Inc., 1.75%, 12/15/2024 |
|
|
500 |
|
|
|
496 |
|
| SK Hynix, Inc., (South Korea), |
|
|
|
|
|
|
|
|
| 5.50%, 01/16/2027 (e) |
|
|
600 |
|
|
|
613 |
|
| 6.50%, 01/17/2033 (e) |
|
|
3,900 |
|
|
|
4,299 |
|
| Reg. S, 6.50%, 01/17/2033 |
|
|
400 |
|
|
|
441 |
|
| Synaptics, Inc., 4.00%, 06/15/2029 (e) |
|
|
579 |
|
|
|
549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,100 |
|
|
|
|
|
|
|
|
|
|
| Software — 2.4% |
|
|
|
|
|
|
|
|
| AthenaHealth Group, Inc., 6.50%, 02/15/2030 (e) |
|
|
27,738 |
|
|
|
26,646 |
|
| Atlassian Corp., 5.25%, 05/15/2029 |
|
|
1,012 |
|
|
|
1,045 |
|
| Cadence Design Systems, Inc., |
|
|
|
|
|
|
|
|
| 4.20%, 09/10/2027 |
|
|
144 |
|
|
|
144 |
|
| 4.30%, 09/10/2029 |
|
|
284 |
|
|
|
285 |
|
| Camelot Finance SA, (Luxembourg), 4.50%, 11/01/2026 (e) |
|
|
1,345 |
|
|
|
1,326 |
|
| Capstone Borrower, Inc., 8.00%, 06/15/2030 (e) |
|
|
4,465 |
|
|
|
4,732 |
|
| Cedacri Mergeco SPA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 4.63%), 8.17%, 05/15/2028 (aa) |
|
EUR |
500 |
|
|
|
556 |
|
| Reg. S, (ICE LIBOR EUR 3 Month + 5.50%), 9.04%, 05/15/2028 (aa) |
|
EUR |
200 |
|
|
|
223 |
|
| Central Parent LLC / CDK Global II LLC / CDK Financing Co., Inc., 8.00%, 06/15/2029 (e) |
|
|
2,035 |
|
|
|
2,117 |
|
| Central Parent, Inc. / CDK Global, Inc., 7.25%, 06/15/2029 (e) |
|
|
10,389 |
|
|
|
10,623 |
|
| Clarivate Science Holdings Corp., |
|
|
|
|
|
|
|
|
| 3.88%, 07/01/2028 (e) |
|
|
11,067 |
|
|
|
10,620 |
|
| 4.88%, 07/01/2029 (e) |
|
|
15,358 |
|
|
|
14,771 |
|
| Cloud Software Group, Inc., |
|
|
|
|
|
|
|
|
| 6.50%, 03/31/2029 (e) |
|
|
27,074 |
|
|
|
26,895 |
|
| 8.25%, 06/30/2032 (e) |
|
|
19,721 |
|
|
|
20,606 |
|
| 9.00%, 09/30/2029 (e) |
|
|
24,385 |
|
|
|
24,788 |
|
| Concentrix Corp., 6.65%, 08/02/2026 |
|
|
174 |
|
|
|
179 |
|
| Constellation Software, Inc., (Canada), 5.16%, 02/16/2029 (e) |
|
|
632 |
|
|
|
651 |
|
| Dun & Bradstreet Corp. (The), 5.00%, 12/15/2029 (e) |
|
|
9,462 |
|
|
|
9,426 |
|
| Elastic NV, (Netherlands), 4.13%, 07/15/2029 (e) |
|
|
3,514 |
|
|
|
3,283 |
|
| Fair Isaac Corp., 4.00%, 06/15/2028 (e) |
|
|
1,912 |
|
|
|
1,850 |
|
| Helios Software Holdings, Inc. / ION Corporate Solutions Finance Sarl, |
|
|
|
|
|
|
|
|
| Reg. S, 7.88%, 05/01/2029 |
|
EUR |
6,386 |
|
|
|
7,232 |
|
| 8.75%, 05/01/2029 (e) |
|
|
914 |
|
|
|
934 |
|
| IPD 3 BV, (Netherlands), Reg. S, 8.00%, 06/15/2028 |
|
EUR |
3,530 |
|
|
|
4,164 |
|
| Oracle Corp., 2.30%, 03/25/2028 |
|
|
506 |
|
|
|
475 |
|
| Playtika Holding Corp., 4.25%, 03/15/2029 (e) |
|
|
348 |
|
|
|
319 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Software — continued |
|
|
|
|
|
|
|
|
| SS&C Technologies, Inc., |
|
|
|
|
|
|
|
|
| 5.50%, 09/30/2027 (e) |
|
|
9,710 |
|
|
|
9,708 |
|
| 6.50%, 06/01/2032 (e) |
|
|
8,433 |
|
|
|
8,717 |
|
| Take-Two Interactive Software, Inc., |
|
|
|
|
|
|
|
|
| 4.95%, 03/28/2028 |
|
|
429 |
|
|
|
437 |
|
| 5.00%, 03/28/2026 |
|
|
730 |
|
|
|
737 |
|
| TeamSystem SpA, (Italy), |
|
|
|
|
|
|
|
|
| Reg. S, (ICE LIBOR EUR 3 Month + 3.50%), 7.13%, 07/31/2031 (aa) |
|
EUR |
600 |
|
|
|
671 |
|
| (ICE LIBOR EUR 3 Month + 3.50%), 7.13%, 07/31/2031 (e) (aa) |
|
EUR |
6,665 |
|
|
|
7,451 |
|
| Twilio, Inc., |
|
|
|
|
|
|
|
|
| 3.63%, 03/15/2029 |
|
|
228 |
|
|
|
213 |
|
| 3.88%, 03/15/2031 |
|
|
5,758 |
|
|
|
5,319 |
|
| UKG, Inc., 6.88%, 02/01/2031 (e) |
|
|
27,617 |
|
|
|
28,533 |
|
| Veritas US, Inc. / Veritas Bermuda Ltd., 7.50%, 09/01/2025 (e) |
|
|
842 |
|
|
|
790 |
|
| ZoomInfo Technologies LLC / ZoomInfo Finance Corp., 3.88%, 02/01/2029 (e) |
|
|
6,328 |
|
|
|
5,850 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
242,316 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
317,531 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 3.2% |
|
|
|
|
|
|
|
|
| Electric — 2.9% |
|
|
|
|
|
|
|
|
| A2A SpA, (Italy), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.26%), 5.00%, 06/11/2029 (x) (aa) |
|
EUR |
500 |
|
|
|
568 |
|
| AEP Texas, Inc., 5.45%, 05/15/2029 |
|
|
180 |
|
|
|
188 |
|
| AES Corp. (The), |
|
|
|
|
|
|
|
|
| 3.30%, 07/15/2025 (e) |
|
|
1,005 |
|
|
|
991 |
|
| 5.45%, 06/01/2028 |
|
|
206 |
|
|
|
212 |
|
| (CMT Index 5 Year + 3.20%), 7.60%, 01/15/2055 (aa) |
|
|
3,112 |
|
|
|
3,271 |
|
| Alexander Funding Trust II, 7.47%, 07/31/2028 (e) |
|
|
400 |
|
|
|
432 |
|
| Algonquin Power & Utilities Corp., (Canada), SUB, 5.37%, 06/15/2026 |
|
|
574 |
|
|
|
581 |
|
| Alliant Energy Finance LLC, |
|
|
|
|
|
|
|
|
| 5.40%, 06/06/2027 (e) |
|
|
136 |
|
|
|
140 |
|
| 5.95%, 03/30/2029 (e) |
|
|
1,016 |
|
|
|
1,072 |
|
| Alpha Generation LLC, 6.75%, 10/15/2032 (e) |
|
|
4,350 |
|
|
|
4,415 |
|
| Ameren Corp., 5.70%, 12/01/2026 |
|
|
874 |
|
|
|
898 |
|
| American Electric Power Co., Inc., |
|
|
|
|
|
|
|
|
| 5.20%, 01/15/2029 |
|
|
350 |
|
|
|
361 |
|
| 5.70%, 08/15/2025 |
|
|
500 |
|
|
|
504 |
|
| Avangrid, Inc., 3.20%, 04/15/2025 |
|
|
537 |
|
|
|
532 |
|
| Black Hills Corp., 5.95%, 03/15/2028 |
|
|
137 |
|
|
|
144 |
|
| Calpine Corp., |
|
|
|
|
|
|
|
|
| 3.75%, 03/01/2031 (e) |
|
|
11,215 |
|
|
|
10,396 |
|
| 4.50%, 02/15/2028 (e) |
|
|
973 |
|
|
|
949 |
|
| 4.63%, 02/01/2029 (e) |
|
|
5,335 |
|
|
|
5,156 |
|
| 5.00%, 02/01/2031 (e) |
|
|
9,550 |
|
|
|
9,250 |
|
| 5.13%, 03/15/2028 (e) |
|
|
11,475 |
|
|
|
11,318 |
|
| CenterPoint Energy, Inc., |
|
|
|
|
|
|
|
|
| Series A, (CMT Index 5 Year + 3.25%), 7.00%, 02/15/2055 (aa) |
|
|
1,322 |
|
|
|
1,373 |
|
| Series B, (CMT Index 5 Year + 2.95%), 6.85%, 02/15/2055 (aa) |
|
|
2,643 |
|
|
|
2,726 |
|
| Centrais Eletricas Brasileiras SA, (Brazil), 6.50%, 01/11/2035 (e) |
|
|
3,600 |
|
|
|
3,615 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Chile Electricity Lux MPC Sarl, (Luxembourg), Reg. S, 6.01%, 01/20/2033 |
|
|
2,606 |
|
|
|
2,698 |
|
| Cikarang Listrindo Tbk. PT, (Indonesia), Reg. S, 4.95%, 09/14/2026 |
|
|
1,150 |
|
|
|
1,132 |
|
| Clearway Energy Operating LLC, |
|
|
|
|
|
|
|
|
| 3.75%, 01/15/2032 (e) |
|
|
3,236 |
|
|
|
2,928 |
|
| 4.75%, 03/15/2028 (e) |
|
|
421 |
|
|
|
413 |
|
| Cleco Corporate Holdings LLC, 3.74%, 05/01/2026 |
|
|
1,126 |
|
|
|
1,108 |
|
| CLP Power Hong Kong Financing Ltd., (British Virgin Islands), Reg. S, 2.13%, 06/30/2030 |
|
|
1,400 |
|
|
|
1,247 |
|
| Comision Federal de Electricidad, (Mexico), |
|
|
|
|
|
|
|
|
| 6.26%, 02/15/2052 (e) |
|
|
1,600 |
|
|
|
1,466 |
|
| Reg. S, 6.26%, 02/15/2052 |
|
|
400 |
|
|
|
367 |
|
| Connecticut Light and Power Co. (The), 4.65%, 01/01/2029 |
|
|
1,000 |
|
|
|
1,016 |
|
| Constellation Energy Generation LLC, 5.60%, 03/01/2028 |
|
|
56 |
|
|
|
58 |
|
| Consumers Energy Co., 4.70%, 01/15/2030 |
|
|
257 |
|
|
|
263 |
|
| ContourGlobal Power Holdings SA, (Luxembourg), |
|
|
|
|
|
|
|
|
| Reg. S, 2.75%, 01/01/2026 |
|
EUR |
6,966 |
|
|
|
7,645 |
|
| Reg. S, 3.13%, 01/01/2028 |
|
EUR |
2,370 |
|
|
|
2,490 |
|
| Dominion Energy, Inc., Series B, (CMT Index 5 Year + 2.51%), 7.00%, 06/01/2054 (aa) |
|
|
1,818 |
|
|
|
1,986 |
|
| DPL, Inc., 4.13%, 07/01/2025 |
|
|
374 |
|
|
|
370 |
|
| DTE Energy Co., 4.95%, 07/01/2027 |
|
|
185 |
|
|
|
188 |
|
| Duke Energy Corp., (CMT Index 5 Year + 2.59%), 6.45%, 09/01/2054 (aa) |
|
|
3,204 |
|
|
|
3,328 |
|
| Edison International, |
|
|
|
|
|
|
|
|
| Series A, (CMT Index 5 Year + 4.70%), 5.38%, 03/15/2026 (x) (aa) |
|
|
7,483 |
|
|
|
7,410 |
|
| Series B, (CMT Index 5 Year + 3.90%), 5.00%, 12/15/2026 (x) (aa) |
|
|
2,326 |
|
|
|
2,273 |
|
| EDP SA, (Portugal), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 1.84%), 1.70%, 07/20/2080 (aa) |
|
EUR |
3,700 |
|
|
|
4,045 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.38%), 1.88%, 08/02/2081 (aa) |
|
EUR |
200 |
|
|
|
215 |
|
| Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.40%), 4.63%, 09/16/2054 (aa) |
|
EUR |
400 |
|
|
|
446 |
|
| Reg. S, (EUR Swap Rate 5 Year + 3.18%), 5.94%, 04/23/2083 (aa) |
|
EUR |
4,400 |
|
|
|
5,158 |
|
| Series NC8, Reg. S, (EUR Swap Rate 5 Year + 2.08%), 1.88%, 03/14/2082 (aa) |
|
EUR |
8,500 |
|
|
|
8,483 |
|
| Electricite de France SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 3.97%), 3.38%, 06/15/2030 (x) (aa) |
|
EUR |
13,000 |
|
|
|
13,184 |
|
| 5.70%, 05/23/2028 (e) |
|
|
260 |
|
|
|
271 |
|
| Reg. S, (GBP Swap Rate 13 Year + 4.23%), 6.00%, 01/29/2026 (x) (aa) |
|
GBP |
1,300 |
|
|
|
1,729 |
|
| Reg. S, (UK Gilts 5 Year + 3.78%), 7.38%, 06/17/2035 (x) (aa) |
|
GBP |
400 |
|
|
|
546 |
|
| Enel Finance International NV, (Netherlands), 5.13%, 06/26/2029 (e) |
|
|
379 |
|
|
|
388 |
|
| Engie SA, (France), 5.25%, 04/10/2029 (e) |
|
|
200 |
|
|
|
207 |
|
| EPH Financing International A/S, (Czech Republic), Reg. S, 6.65%, 11/13/2028 |
|
EUR |
4,800 |
|
|
|
5,731 |
|
| Eskom Holdings SOC Ltd., (South Africa), |
|
|
|
|
|
|
|
|
| Reg. S, 6.35%, 08/10/2028 |
|
|
8,100 |
|
|
|
8,239 |
|
| 7.13%, 02/11/2025 (e) |
|
|
1,008 |
|
|
|
1,009 |
|
| Reg. S, 7.13%, 02/11/2025 |
|
|
1,600 |
|
|
|
1,602 |
|
| Reg. S, 8.45%, 08/10/2028 |
|
|
5,200 |
|
|
|
5,506 |
|
| Evergy Missouri West, Inc., 5.15%, 12/15/2027 (e) |
|
|
234 |
|
|
|
239 |
|
| Eversource Energy, 5.95%, 02/01/2029 |
|
|
300 |
|
|
|
317 |
|
| Fells Point Funding Trust, 3.05%, 01/31/2027 (e) |
|
|
1,036 |
|
|
|
1,003 |
|
| FIEMEX Energia - Banco Actinver SA Institucion de Banca Multiple, (Mexico), 7.25%, 01/31/2041 (e) |
|
|
1,800 |
|
|
|
1,879 |
|
| FirstEnergy Corp., 2.05%, 03/01/2025 |
|
|
330 |
|
|
|
325 |
|
| FirstEnergy Transmission LLC, 4.35%, 01/15/2025 (e) |
|
|
973 |
|
|
|
972 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Israel Electric Corp. Ltd., (Israel), Reg. S, 4.25%, 08/14/2028 (e) |
|
|
8,300 |
|
|
|
7,963 |
|
| Liberty Utilities Co., 5.58%, 01/31/2029 (e) |
|
|
557 |
|
|
|
576 |
|
| MVM Energetika Zrt, (Hungary), Reg. S, 7.50%, 06/09/2028 |
|
|
5,000 |
|
|
|
5,321 |
|
| National Grid plc, (United Kingdom), 5.60%, 06/12/2028 |
|
|
91 |
|
|
|
95 |
|
| Naturgy Finance Iberia SA, (Spain), Reg. S, (EUR Swap Rate 5 Year + 2.44%), 2.37%, 11/23/2026 (x) (aa) |
|
EUR |
300 |
|
|
|
322 |
|
| NextEra Energy Capital Holdings, Inc., |
|
|
|
|
|
|
|
|
| 5.75%, 09/01/2025 |
|
|
154 |
|
|
|
156 |
|
| (CMT Index 5 Year + 2.46%), 6.75%, 06/15/2054 (aa) |
|
|
3,046 |
|
|
|
3,287 |
|
| NextEra Energy Operating Partners LP, |
|
|
|
|
|
|
|
|
| 3.88%, 10/15/2026 (e) |
|
|
671 |
|
|
|
653 |
|
| 7.25%, 01/15/2029 (e) |
|
|
753 |
|
|
|
794 |
|
| NGG Finance plc, (United Kingdom), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 2.53%), 2.13%, 09/05/2082 (aa) |
|
EUR |
9,431 |
|
|
|
9,973 |
|
| Reg. S, (GBP Swap Rate 12 Year + 3.48%), 5.63%, 06/18/2073 (aa) |
|
GBP |
5,040 |
|
|
|
6,729 |
|
| NRG Energy, Inc., |
|
|
|
|
|
|
|
|
| 3.38%, 02/15/2029 (e) |
|
|
750 |
|
|
|
699 |
|
| 3.63%, 02/15/2031 (e) |
|
|
3,485 |
|
|
|
3,158 |
|
| 3.88%, 02/15/2032 (e) |
|
|
6,950 |
|
|
|
6,332 |
|
| 5.25%, 06/15/2029 (e) |
|
|
1,204 |
|
|
|
1,200 |
|
| 5.75%, 01/15/2028 |
|
|
3,025 |
|
|
|
3,048 |
|
| 6.63%, 01/15/2027 |
|
|
538 |
|
|
|
539 |
|
| 7.00%, 03/15/2033 (e) |
|
|
455 |
|
|
|
505 |
|
| (CMT Index 5 Year + 5.92%), 10.25%, 03/15/2028 (e) (x) (aa) |
|
|
8,690 |
|
|
|
9,787 |
|
| OGE Energy Corp., 5.45%, 05/15/2029 |
|
|
142 |
|
|
|
148 |
|
| Orsted A/S, (Denmark), Reg. S, (UK Gilts 5 Year + 2.14%), 2.50%, 02/18/3021 (aa) |
|
GBP |
2,134 |
|
|
|
2,111 |
|
| Pacific Gas and Electric Co., |
|
|
|
|
|
|
|
|
| 3.15%, 01/01/2026 |
|
|
529 |
|
|
|
519 |
|
| 3.30%, 12/01/2027 |
|
|
1,270 |
|
|
|
1,225 |
|
| 5.45%, 06/15/2027 |
|
|
9 |
|
|
|
9 |
|
| Palomino Funding Trust I, 7.23%, 05/17/2028 (e) |
|
|
500 |
|
|
|
536 |
|
| Pattern Energy Operations LP / Pattern Energy Operations, Inc., 4.50%, 08/15/2028 (e) |
|
|
462 |
|
|
|
447 |
|
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, (Indonesia), |
|
|
|
|
|
|
|
|
| Reg. S, 4.00%, 06/30/2050 |
|
|
1,700 |
|
|
|
1,314 |
|
| Reg. S, 4.13%, 05/15/2027 |
|
|
1,900 |
|
|
|
1,883 |
|
| Reg. S, 5.25%, 10/24/2042 |
|
|
4,800 |
|
|
|
4,612 |
|
| PG&E Corp., |
|
|
|
|
|
|
|
|
| 5.25%, 07/01/2030 |
|
|
926 |
|
|
|
920 |
|
| (CMT Index 5 Year + 3.88%), 7.38%, 03/15/2055 (aa) |
|
|
1,860 |
|
|
|
1,954 |
|
| Pike Corp., 8.63%, 01/31/2031 (e) |
|
|
402 |
|
|
|
430 |
|
| Public Service Enterprise Group, Inc., 5.85%, 11/15/2027 |
|
|
123 |
|
|
|
129 |
|
| Puget Energy, Inc., 3.65%, 05/15/2025 |
|
|
300 |
|
|
|
297 |
|
| System Energy Resources, Inc., 6.00%, 04/15/2028 |
|
|
832 |
|
|
|
872 |
|
| Talen Energy Supply LLC, 8.63%, 06/01/2030 (e) |
|
|
606 |
|
|
|
661 |
|
| Terna - Rete Elettrica Nazionale, (Italy), Reg. S, (ICE EURIBOR Swap Rate 5 Year + 2.14%), 4.75%, 01/11/2030 (x) (aa) |
|
EUR |
500 |
|
|
|
569 |
|
| TransAlta Corp., (Canada), 7.75%, 11/15/2029 |
|
|
382 |
|
|
|
404 |
|
| Vistra Corp., |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 5.74%), 7.00%, 12/15/2026 (e) (x) (aa) |
|
|
11,884 |
|
|
|
12,130 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Corporate Bonds — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| (CMT Index 5 Year + 6.93%), 8.00%, 10/15/2026 (e) (x) (aa) |
|
|
3,752 |
|
|
|
3,931 |
|
| Series C, (CMT Index 5 Year + 5.05%), 8.88%, 01/15/2029 (e) (x) (aa) |
|
|
950 |
|
|
|
1,018 |
|
| Vistra Operations Co. LLC, |
|
|
|
|
|
|
|
|
| 3.70%, 01/30/2027 (e) |
|
|
279 |
|
|
|
273 |
|
| 4.38%, 05/01/2029 (e) |
|
|
14,645 |
|
|
|
14,177 |
|
| 5.00%, 07/31/2027 (e) |
|
|
8,490 |
|
|
|
8,449 |
|
| 5.50%, 09/01/2026 (e) |
|
|
835 |
|
|
|
835 |
|
| 5.63%, 02/15/2027 (e) |
|
|
2,403 |
|
|
|
2,399 |
|
| 6.88%, 04/15/2032 (e) |
|
|
7,634 |
|
|
|
8,032 |
|
| 7.75%, 10/15/2031 (e) |
|
|
1,839 |
|
|
|
1,980 |
|
| WEC Energy Group, Inc., 5.60%, 09/12/2026 |
|
|
125 |
|
|
|
128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
292,501 |
|
|
|
|
|
|
|
|
|
|
| Gas — 0.1% |
|
|
|
|
|
|
|
|
| AltaGas Ltd., (Canada), (CMT Index 5 Year + 3.57%), 7.20%, 10/15/2054 (e) (aa) |
|
|
3,357 |
|
|
|
3,427 |
|
| AmeriGas Partners LP / AmeriGas Finance Corp., |
|
|
|
|
|
|
|
|
| 5.50%, 05/20/2025 |
|
|
318 |
|
|
|
317 |
|
| 5.75%, 05/20/2027 |
|
|
1,650 |
|
|
|
1,619 |
|
| 5.88%, 08/20/2026 |
|
|
1,975 |
|
|
|
1,958 |
|
| 9.38%, 06/01/2028 (e) |
|
|
324 |
|
|
|
340 |
|
| Brooklyn Union Gas Co. (The), 4.63%, 08/05/2027 (e) |
|
|
696 |
|
|
|
696 |
|
| Centrica plc, (United Kingdom), Reg. S, (UK Gilts 5 Year + 2.51%), 6.50%, 05/21/2055 (aa) |
|
GBP |
152 |
|
|
|
208 |
|
| National Fuel Gas Co., |
|
|
|
|
|
|
|
|
| 5.50%, 01/15/2026 |
|
|
289 |
|
|
|
291 |
|
| 5.50%, 10/01/2026 |
|
|
679 |
|
|
|
693 |
|
| National Gas Co. of Trinidad & Tobago Ltd., (Trinidad and Tobago), Reg. S, 6.05%, 01/15/2036 |
|
|
2,400 |
|
|
|
2,248 |
|
| NiSource, Inc., 5.25%, 03/30/2028 |
|
|
47 |
|
|
|
48 |
|
| Southwest Gas Corp., 5.45%, 03/23/2028 |
|
|
100 |
|
|
|
103 |
|
| Spire, Inc., 5.30%, 03/01/2026 |
|
|
958 |
|
|
|
969 |
|
| UGI International LLC, Reg. S, 2.50%, 12/01/2029 |
|
EUR |
100 |
|
|
|
104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,021 |
|
|
|
|
|
|
|
|
|
|
| Water — 0.2% |
|
|
|
|
|
|
|
|
| Thames Water Utilities Finance plc, (United Kingdom), Reg. S, 4.00%, 04/18/2027 |
|
EUR |
100 |
|
|
|
82 |
|
| Veolia Environnement SA, (France), |
|
|
|
|
|
|
|
|
| Reg. S, (EUR Swap Rate 5 Year + 2.84%), 2.50%, 01/20/2029 (x) (aa) |
|
EUR |
8,000 |
|
|
|
8,284 |
|
| Reg. S, (EUR Swap Rate 5 Year + 2.82%), 5.99%, 11/22/2028 (x) (aa) |
|
EUR |
7,600 |
|
|
|
8,998 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17,364 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
322,886 |
|
|
|
|
|
|
|
|
|
|
Total Corporate Bonds
(Cost $7,468,391) |
|
|
|
|
|
|
7,721,787 |
|
|
|
|
|
|
|
|
|
|
| Foreign Government Securities — 10.3% |
|
|
|
|
|
|
|
|
| Abu Dhabi Government International Bond, (United Arab Emirates), Reg. S, 3.88%, 04/16/2050 |
|
|
2,000 |
|
|
|
1,677 |
|
| Angolan Government International Bond, (Angola), |
|
|
|
|
|
|
|
|
| Reg. S, 8.00%, 11/26/2029 |
|
|
15,600 |
|
|
|
14,171 |
|
| Reg. S, 9.38%, 05/08/2048 |
|
|
7,300 |
|
|
|
6,168 |
|
| Reg. S, 9.50%, 11/12/2025 |
|
|
2,400 |
|
|
|
2,437 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Argentine Republic Government International Bond, (Argentina), |
|
|
|
|
|
|
|
|
| 1.00%, 07/09/2029 |
|
|
2,780 |
|
|
|
1,817 |
|
| SUB, 3.50%, 07/09/2041 |
|
|
50,800 |
|
|
|
23,124 |
|
| Bahrain Government International Bond, (Bahrain), |
|
|
|
|
|
|
|
|
| Reg. S, 4.25%, 01/25/2028 |
|
|
15,700 |
|
|
|
15,160 |
|
| Reg. S, 5.63%, 09/30/2031 |
|
|
3,700 |
|
|
|
3,651 |
|
| Bank Gospodarstwa Krajowego, (Poland), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 03/13/2035 |
|
EUR |
3,800 |
|
|
|
4,242 |
|
| Reg. S, 6.25%, 10/31/2028 |
|
|
5,600 |
|
|
|
6,006 |
|
| Benin Government International Bond, (Benin), Reg. S, 7.96%, 02/13/2038 |
|
|
3,900 |
|
|
|
3,866 |
|
| Brazilian Government International Bond, (Brazil), |
|
|
|
|
|
|
|
|
| 4.75%, 01/14/2050 |
|
|
800 |
|
|
|
611 |
|
| 6.13%, 01/22/2032 |
|
|
800 |
|
|
|
822 |
|
| 6.13%, 03/15/2034 |
|
|
2,750 |
|
|
|
2,803 |
|
| 7.13%, 05/13/2054 |
|
|
13,150 |
|
|
|
13,605 |
|
| Bulgaria Government International Bond, (Bulgaria), |
|
|
|
|
|
|
|
|
| Reg. S, 3.63%, 09/05/2032 |
|
EUR |
11,700 |
|
|
|
13,228 |
|
| Reg. S, 5.00%, 03/05/2037 |
|
|
5,000 |
|
|
|
4,998 |
|
| Chile Government International Bond, (Chile), |
|
|
|
|
|
|
|
|
| 4.85%, 01/22/2029 |
|
|
15,800 |
|
|
|
16,134 |
|
| 4.95%, 01/05/2036 |
|
|
13,500 |
|
|
|
13,668 |
|
| 5.33%, 01/05/2054 |
|
|
1,700 |
|
|
|
1,719 |
|
| Colombia Government International Bond, (Colombia), |
|
|
|
|
|
|
|
|
| 3.88%, 04/25/2027 |
|
|
3,050 |
|
|
|
2,936 |
|
| 5.00%, 06/15/2045 |
|
|
14,300 |
|
|
|
10,531 |
|
| 5.63%, 02/26/2044 |
|
|
8,100 |
|
|
|
6,514 |
|
| 7.50%, 02/02/2034 |
|
|
11,700 |
|
|
|
12,139 |
|
| 8.00%, 11/14/2035 |
|
|
1,500 |
|
|
|
1,599 |
|
| 8.75%, 11/14/2053 |
|
|
700 |
|
|
|
767 |
|
| Costa Rica Government International Bond, (Costa Rica), |
|
|
|
|
|
|
|
|
| Reg. S, 5.63%, 04/30/2043 |
|
|
2,700 |
|
|
|
2,525 |
|
| Reg. S, 7.30%, 11/13/2054 |
|
|
5,000 |
|
|
|
5,519 |
|
| Dominican Republic International Bond, (Dominican Republic), |
|
|
|
|
|
|
|
|
| Reg. S, 4.50%, 01/30/2030 |
|
|
9,200 |
|
|
|
8,786 |
|
| Reg. S, 5.95%, 01/25/2027 |
|
|
5,800 |
|
|
|
5,867 |
|
| Reg. S, 6.00%, 02/22/2033 |
|
|
12,300 |
|
|
|
12,561 |
|
| Reg. S, 6.85%, 01/27/2045 |
|
|
10,100 |
|
|
|
10,755 |
|
| Reg. S, 6.88%, 01/29/2026 |
|
|
2,300 |
|
|
|
2,339 |
|
| Ecuador Government International Bond, (Ecuador), |
|
|
|
|
|
|
|
|
| Reg. S, SUB, 5.00%, 07/31/2040 |
|
|
11,100 |
|
|
|
5,709 |
|
| Reg. S, SUB, 5.50%, 07/31/2035 |
|
|
21,400 |
|
|
|
12,132 |
|
| Reg. S, SUB, 6.90%, 07/31/2030 |
|
|
13,170 |
|
|
|
9,563 |
|
| Egypt Government International Bond, (Egypt), |
|
|
|
|
|
|
|
|
| Reg. S, 3.88%, 02/16/2026 |
|
|
2,600 |
|
|
|
2,495 |
|
| Reg. S, 4.75%, 04/16/2026 |
|
EUR |
18,100 |
|
|
|
19,547 |
|
| Reg. S, 5.88%, 02/16/2031 |
|
|
4,000 |
|
|
|
3,337 |
|
| Reg. S, 6.38%, 04/11/2031 |
|
EUR |
18,700 |
|
|
|
17,428 |
|
| Reg. S, 7.30%, 09/30/2033 |
|
|
800 |
|
|
|
679 |
|
| Reg. S, 7.50%, 02/16/2061 |
|
|
8,500 |
|
|
|
6,146 |
|
| Reg. S, 7.63%, 05/29/2032 |
|
|
2,000 |
|
|
|
1,772 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| El Salvador Government International Bond, (El Salvador), |
|
|
|
|
|
|
|
|
| Reg. S, 6.38%, 01/18/2027 |
|
|
1,937 |
|
|
|
1,855 |
|
| Reg. S, 7.12%, 01/20/2050 |
|
|
7,200 |
|
|
|
5,452 |
|
| Reg. S, 7.63%, 09/21/2034 |
|
|
4,500 |
|
|
|
3,778 |
|
| Reg. S, 7.65%, 06/15/2035 |
|
|
4,800 |
|
|
|
4,138 |
|
| Reg. S, 8.25%, 04/10/2032 |
|
|
1,900 |
|
|
|
1,763 |
|
| Finance Department Government of Sharjah, (United Arab Emirates), Reg. S, 4.00%, 07/28/2050 |
|
|
4,500 |
|
|
|
3,148 |
|
| Gabon Government International Bond, (Gabon), |
|
|
|
|
|
|
|
|
| Reg. S, 6.63%, 02/06/2031 |
|
|
1,200 |
|
|
|
929 |
|
| Reg. S, 6.95%, 06/16/2025 |
|
|
2,900 |
|
|
|
2,721 |
|
| Ghana Government International Bond, (Ghana), Reg. S, 10.75%, 10/14/2030 |
|
|
20,100 |
|
|
|
13,797 |
|
| Guatemala Government Bond, (Guatemala), |
|
|
|
|
|
|
|
|
| Reg. S, 4.38%, 06/05/2027 |
|
|
14,900 |
|
|
|
14,517 |
|
| Reg. S, 5.38%, 04/24/2032 |
|
|
3,000 |
|
|
|
2,977 |
|
| 6.05%, 08/06/2031 (e) |
|
|
1,300 |
|
|
|
1,333 |
|
| Reg. S, 6.05%, 08/06/2031 |
|
|
200 |
|
|
|
205 |
|
| 6.55%, 02/06/2037 (e) |
|
|
2,600 |
|
|
|
2,698 |
|
| Reg. S, 6.55%, 02/06/2037 |
|
|
8,000 |
|
|
|
8,302 |
|
| Reg. S, 6.60%, 06/13/2036 |
|
|
3,200 |
|
|
|
3,361 |
|
| Hungary Government International Bond, (Hungary), |
|
|
|
|
|
|
|
|
| Reg. S, 5.25%, 06/16/2029 |
|
|
3,800 |
|
|
|
3,856 |
|
| Reg. S, 5.50%, 03/26/2036 |
|
|
3,100 |
|
|
|
3,123 |
|
| Reg. S, 6.75%, 09/25/2052 |
|
|
3,700 |
|
|
|
4,172 |
|
| Series 30Y, 7.63%, 03/29/2041 |
|
|
9,800 |
|
|
|
11,692 |
|
| Indonesia Government International Bond, (Indonesia), |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 07/18/2047 |
|
|
1,700 |
|
|
|
1,673 |
|
| Reg. S, 6.63%, 02/17/2037 |
|
|
5,800 |
|
|
|
6,771 |
|
| Iraq International Bond, (Iraq), Reg. S, 5.80%, 01/15/2028 |
|
|
1,684 |
|
|
|
1,635 |
|
| Israel Government International Bond, (Israel), |
|
|
|
|
|
|
|
|
| Series 5Y, 5.38%, 03/12/2029 |
|
|
7,800 |
|
|
|
7,926 |
|
| Series 10Y, 5.50%, 03/12/2034 |
|
|
3,100 |
|
|
|
3,108 |
|
| Series 30Y, 5.75%, 03/12/2054 |
|
|
1,400 |
|
|
|
1,331 |
|
| Ivory Coast Government International Bond, (Ivory Coast), |
|
|
|
|
|
|
|
|
| Reg. S, 4.88%, 01/30/2032 |
|
EUR |
7,800 |
|
|
|
7,660 |
|
| Reg. S, 5.25%, 03/22/2030 |
|
EUR |
3,500 |
|
|
|
3,712 |
|
| Reg. S, SUB, 5.75%, 12/31/2032 |
|
|
209 |
|
|
|
200 |
|
| Reg. S, 6.88%, 10/17/2040 |
|
EUR |
4,300 |
|
|
|
4,224 |
|
| Reg. S, 8.25%, 01/30/2037 |
|
|
9,000 |
|
|
|
9,258 |
|
| Jordan Government International Bond, (Jordan), |
|
|
|
|
|
|
|
|
| Reg. S, 5.75%, 01/31/2027 |
|
|
11,400 |
|
|
|
11,172 |
|
| Reg. S, 7.38%, 10/10/2047 |
|
|
800 |
|
|
|
738 |
|
| Korea National Oil Corp., (South Korea), |
|
|
|
|
|
|
|
|
| Reg. S, 4.88%, 04/03/2028 |
|
|
4,700 |
|
|
|
4,780 |
|
| 4.88%, 04/03/2029 (e) |
|
|
4,800 |
|
|
|
4,895 |
|
| Reg. S, 4.88%, 04/03/2029 |
|
|
200 |
|
|
|
204 |
|
| KSA Sukuk Ltd., (Cayman Islands), Reg. S, 5.27%, 10/25/2028 |
|
|
3,300 |
|
|
|
3,439 |
|
| Latvia Government International Bond, (Latvia), Reg. S, 5.13%, 07/30/2034 |
|
|
1,900 |
|
|
|
1,970 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Magyar Export-Import Bank Zrt, (Hungary), Reg. S, 6.13%, 12/04/2027 |
|
|
7,300 |
|
|
|
7,499 |
|
| Mexican Udibonos, (Mexico), |
|
|
|
|
|
|
|
|
| Series S, 2.75%, 11/27/2031 |
|
MXN |
190,521 |
|
|
|
8,436 |
|
| Series S, 3.00%, 12/03/2026 |
|
MXN |
521,251 |
|
|
|
24,954 |
|
| Series S, 4.00%, 08/24/2034 |
|
MXN |
159,180 |
|
|
|
7,556 |
|
| Mexico Government International Bond, (Mexico), |
|
|
|
|
|
|
|
|
| 4.50%, 04/22/2029 |
|
|
200 |
|
|
|
197 |
|
| 5.00%, 05/07/2029 |
|
|
3,800 |
|
|
|
3,823 |
|
| 5.75%, 10/12/2110 |
|
|
3,800 |
|
|
|
3,299 |
|
| 6.00%, 05/07/2036 |
|
|
1,500 |
|
|
|
1,528 |
|
| 6.40%, 05/07/2054 |
|
|
3,400 |
|
|
|
3,402 |
|
| MFB Magyar Fejlesztesi Bank Zrt, (Hungary), Reg. S, 6.50%, 06/29/2028 |
|
|
9,400 |
|
|
|
9,839 |
|
| Mongolia Government International Bond, (Mongolia), |
|
|
|
|
|
|
|
|
| Reg. S, 3.50%, 07/07/2027 |
|
|
2,200 |
|
|
|
2,036 |
|
| Reg. S, 4.45%, 07/07/2031 |
|
|
2,300 |
|
|
|
2,035 |
|
| Reg. S, 5.13%, 04/07/2026 |
|
|
300 |
|
|
|
296 |
|
| 7.88%, 06/05/2029 (e) |
|
|
300 |
|
|
|
317 |
|
| Reg. S, 7.88%, 06/05/2029 |
|
|
1,600 |
|
|
|
1,690 |
|
| 8.65%, 01/19/2028 (e) |
|
|
300 |
|
|
|
321 |
|
| Reg. S, 8.65%, 01/19/2028 |
|
|
300 |
|
|
|
320 |
|
| Montenegro Government International Bond, (Montenegro), 7.25%, 03/12/2031 (e) |
|
|
2,500 |
|
|
|
2,618 |
|
| Morocco Government International Bond, (Morocco), Reg. S, 5.50%, 12/11/2042 |
|
|
2,700 |
|
|
|
2,561 |
|
| National Bank of Uzbekistan, (Uzbekistan), Reg. S, 4.85%, 10/21/2025 |
|
|
700 |
|
|
|
689 |
|
| Nigeria Government International Bond, (Nigeria), |
|
|
|
|
|
|
|
|
| Reg. S, 7.38%, 09/28/2033 |
|
|
9,700 |
|
|
|
8,244 |
|
| Reg. S, 7.63%, 11/21/2025 |
|
|
6,400 |
|
|
|
6,401 |
|
| Reg. S, 8.38%, 03/24/2029 |
|
|
20,100 |
|
|
|
19,463 |
|
| North Macedonia Government International Bond, (North Macedonia), Reg. S, 6.96%, 03/13/2027 |
|
EUR |
5,100 |
|
|
|
5,928 |
|
| Oman Government International Bond, (Oman), |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 06/15/2026 |
|
|
1,000 |
|
|
|
997 |
|
| Reg. S, 6.25%, 01/25/2031 |
|
|
25,500 |
|
|
|
27,209 |
|
| Reg. S, 6.75%, 01/17/2048 |
|
|
3,900 |
|
|
|
4,221 |
|
| Oriental Republic of Uruguay, (Uruguay), 5.25%, 09/10/2060 |
|
|
10,400 |
|
|
|
10,403 |
|
| Pakistan Global Sukuk Programme Co. Ltd. (The), (Pakistan), Reg. S, 7.95%, 01/31/2029 |
|
|
500 |
|
|
|
472 |
|
| Pakistan Government International Bond, (Pakistan), |
|
|
|
|
|
|
|
|
| Reg. S, 6.00%, 04/08/2026 |
|
|
5,500 |
|
|
|
5,151 |
|
| Reg. S, 6.88%, 12/05/2027 |
|
|
3,700 |
|
|
|
3,358 |
|
| Reg. S, 7.38%, 04/08/2031 |
|
|
3,300 |
|
|
|
2,797 |
|
| Reg. S, 8.25%, 09/30/2025 |
|
|
3,600 |
|
|
|
3,530 |
|
| Reg. S, 8.88%, 04/08/2051 |
|
|
9,300 |
|
|
|
7,446 |
|
| Panama Government International Bond, (Panama), |
|
|
|
|
|
|
|
|
| 3.16%, 01/23/2030 |
|
|
4,400 |
|
|
|
3,932 |
|
| 3.75%, 03/16/2025 |
|
|
1,200 |
|
|
|
1,191 |
|
| 4.50%, 04/01/2056 |
|
|
12,400 |
|
|
|
8,910 |
|
| 6.85%, 03/28/2054 |
|
|
1,800 |
|
|
|
1,820 |
|
| 7.50%, 03/01/2031 |
|
|
12,700 |
|
|
|
13,903 |
|
| 7.88%, 03/01/2057 |
|
|
4,000 |
|
|
|
4,514 |
|
| 8.00%, 03/01/2038 |
|
|
6,000 |
|
|
|
6,779 |
|
| 8.88%, 09/30/2027 |
|
|
19,000 |
|
|
|
21,083 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Paraguay Government International Bond, (Paraguay), |
|
|
|
|
|
|
|
|
| Reg. S, 5.40%, 03/30/2050 |
|
|
4,000 |
|
|
|
3,726 |
|
| Reg. S, 5.85%, 08/21/2033 |
|
|
8,600 |
|
|
|
8,959 |
|
| 6.00%, 02/09/2036 (e) |
|
|
400 |
|
|
|
422 |
|
| Reg. S, 6.00%, 02/09/2036 |
|
|
600 |
|
|
|
633 |
|
| 7.90%, 02/09/2031 (e) |
|
PYG |
9,789,000 |
|
|
|
1,278 |
|
| Peruvian Government International Bond, (Peru), |
|
|
|
|
|
|
|
|
| 3.23%, 07/28/2121 |
|
|
9,800 |
|
|
|
5,846 |
|
| 3.60%, 01/15/2072 |
|
|
11,900 |
|
|
|
8,132 |
|
| 5.88%, 08/08/2054 |
|
|
1,690 |
|
|
|
1,774 |
|
| 6.55%, 03/14/2037 |
|
|
9,600 |
|
|
|
10,751 |
|
| 6.90%, 08/12/2037 (e) |
|
PEN |
6,300 |
|
|
|
1,749 |
|
| Reg. S, 6.95%, 08/12/2031 |
|
PEN |
3,800 |
|
|
|
1,096 |
|
| Philippine Government International Bond, (Philippines), |
|
|
|
|
|
|
|
|
| 2.95%, 05/05/2045 |
|
|
2,400 |
|
|
|
1,770 |
|
| 3.70%, 03/01/2041 |
|
|
2,500 |
|
|
|
2,169 |
|
| 5.18%, 09/05/2049 |
|
|
4,200 |
|
|
|
4,268 |
|
| 6.38%, 10/23/2034 |
|
|
1,200 |
|
|
|
1,365 |
|
| Qatar Government International Bond, (Qatar), |
|
|
|
|
|
|
|
|
| Reg. S, 4.82%, 03/14/2049 |
|
|
10,300 |
|
|
|
10,169 |
|
| Reg. S, 5.10%, 04/23/2048 |
|
|
5,200 |
|
|
|
5,343 |
|
| Reg. S, 6.40%, 01/20/2040 |
|
|
2,100 |
|
|
|
2,495 |
|
| Republic of Armenia International Bond, (Armenia), |
|
|
|
|
|
|
|
|
| Reg. S, 3.60%, 02/02/2031 |
|
|
1,500 |
|
|
|
1,277 |
|
| Reg. S, 3.95%, 09/26/2029 |
|
|
3,900 |
|
|
|
3,495 |
|
| Republic of Cameroon International Bond, (Cameroon), |
|
|
|
|
|
|
|
|
| Reg. S, 5.95%, 07/07/2032 |
|
EUR |
5,900 |
|
|
|
5,316 |
|
| Reg. S, 9.50%, 11/19/2025 |
|
|
533 |
|
|
|
530 |
|
| Republic of Kenya Government International Bond, (Kenya), |
|
|
|
|
|
|
|
|
| Reg. S, 7.00%, 05/22/2027 |
|
|
5,400 |
|
|
|
5,292 |
|
| Reg. S, 7.25%, 02/28/2028 |
|
|
8,800 |
|
|
|
8,450 |
|
| Reg. S, 8.00%, 05/22/2032 |
|
|
2,100 |
|
|
|
1,952 |
|
| 9.75%, 02/16/2031 (e) |
|
|
2,800 |
|
|
|
2,826 |
|
| Reg. S, 9.75%, 02/16/2031 |
|
|
3,900 |
|
|
|
3,937 |
|
| Republic of Poland Government International Bond, (Poland), 5.50%, 04/04/2053 |
|
|
12,200 |
|
|
|
12,482 |
|
| Republic of South Africa Government International Bond, (South Africa), |
|
|
|
|
|
|
|
|
| 4.85%, 09/30/2029 |
|
|
5,800 |
|
|
|
5,629 |
|
| 5.75%, 09/30/2049 |
|
|
9,700 |
|
|
|
8,061 |
|
| 7.30%, 04/20/2052 |
|
|
3,500 |
|
|
|
3,480 |
|
| Republic of Uzbekistan International Bond, (Uzbekistan), Reg. S, 3.90%, 10/19/2031 |
|
|
4,700 |
|
|
|
4,014 |
|
| Romanian Government International Bond, (Romania), |
|
|
|
|
|
|
|
|
| Reg. S, 2.12%, 07/16/2031 |
|
EUR |
2,700 |
|
|
|
2,515 |
|
| Reg. S, 2.13%, 03/07/2028 |
|
EUR |
4,800 |
|
|
|
5,022 |
|
| Reg. S, 2.63%, 12/02/2040 |
|
EUR |
7,400 |
|
|
|
5,512 |
|
| Reg. S, 5.13%, 09/24/2031 |
|
EUR |
1,400 |
|
|
|
1,565 |
|
| 5.75%, 03/24/2035 (e) |
|
|
1,000 |
|
|
|
993 |
|
| Reg. S, 5.75%, 03/24/2035 |
|
|
300 |
|
|
|
298 |
|
| 5.88%, 01/30/2029 (e) |
|
|
2,370 |
|
|
|
2,427 |
|
| Reg. S, 5.88%, 01/30/2029 |
|
|
4,150 |
|
|
|
4,250 |
|
| Reg. S, 6.13%, 01/22/2044 |
|
|
900 |
|
|
|
899 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Foreign Government Securities — continued |
|
|
|
|
|
|
|
|
| Reg. S, 6.38%, 09/18/2033 |
|
EUR |
7,500 |
|
|
|
8,964 |
|
| 6.38%, 01/30/2034 (e) |
|
|
1,800 |
|
|
|
1,869 |
|
| Reg. S, 6.38%, 01/30/2034 |
|
|
1,800 |
|
|
|
1,869 |
|
| Reg. S, 6.63%, 02/17/2028 |
|
|
1,800 |
|
|
|
1,881 |
|
| Saudi Government International Bond, (Saudi Arabia), |
|
|
|
|
|
|
|
|
| Reg. S, 3.25%, 10/22/2030 |
|
|
5,500 |
|
|
|
5,169 |
|
| Reg. S, 3.45%, 02/02/2061 |
|
|
5,700 |
|
|
|
3,885 |
|
| Reg. S, 3.75%, 01/21/2055 |
|
|
6,000 |
|
|
|
4,434 |
|
| Reg. S, 4.38%, 04/16/2029 |
|
|
6,100 |
|
|
|
6,136 |
|
| Reg. S, 5.00%, 01/16/2034 |
|
|
3,100 |
|
|
|
3,174 |
|
| Reg. S, 5.75%, 01/16/2054 |
|
|
1,800 |
|
|
|
1,834 |
|
| Senegal Government International Bond, (Senegal), |
|
|
|
|
|
|
|
|
| Reg. S, 4.75%, 03/13/2028 |
|
EUR |
900 |
|
|
|
934 |
|
| Reg. S, 5.38%, 06/08/2037 |
|
EUR |
6,500 |
|
|
|
5,330 |
|
| Reg. S, 6.25%, 05/23/2033 |
|
|
3,500 |
|
|
|
3,014 |
|
| Series 7Y, Reg. S, 7.75%, 06/10/2031 |
|
|
3,300 |
|
|
|
3,131 |
|
| Serbia International Bond, (Serbia), |
|
|
|
|
|
|
|
|
| Reg. S, 2.05%, 09/23/2036 |
|
EUR |
6,300 |
|
|
|
5,220 |
|
| 6.00%, 06/12/2034 (e) |
|
|
1,400 |
|
|
|
1,439 |
|
| Reg. S, 6.00%, 06/12/2034 |
|
|
1,700 |
|
|
|
1,747 |
|
| Reg. S, 6.25%, 05/26/2028 |
|
|
8,400 |
|
|
|
8,741 |
|
| Reg. S, 6.50%, 09/26/2033 |
|
|
1,000 |
|
|
|
1,069 |
|
| Slovenia Government International Bond, (Slovenia), Reg. S, 5.00%, 09/19/2033 |
|
|
3,600 |
|
|
|
3,753 |
|
| Trinidad & Tobago Government International Bond, (Trinidad and Tobago), |
|
|
|
|
|
|
|
|
| 5.95%, 01/14/2031 (e) |
|
|
1,200 |
|
|
|
1,223 |
|
| Reg. S, 5.95%, 01/14/2031 |
|
|
200 |
|
|
|
204 |
|
| Tunisian Republic, (Tunisia), |
|
|
|
|
|
|
|
|
| Reg. S, 5.75%, 01/30/2025 |
|
|
4,200 |
|
|
|
4,070 |
|
| Reg. S, 6.38%, 07/15/2026 |
|
EUR |
3,300 |
|
|
|
3,318 |
|
| Turkiye Government Bond, (Turkey), |
|
|
|
|
|
|
|
|
| Series 4Y, (Turkish Lira Overnight Reference Rate + 0.00%), 51.59%, 05/17/2028 (aa) |
|
TRY |
176,800 |
|
|
|
5,129 |
|
| Series 4Y, (Turkish Lira Overnight Reference Rate + 0.00%), 51.81%, 05/20/2026 (aa) |
|
TRY |
9,600 |
|
|
|
283 |
|
| Series 5Y, (Turkish Lira Overnight Reference Rate + 0.00%), 51.81%, 08/19/2026 (aa) |
|
TRY |
71,400 |
|
|
|
2,100 |
|
| Turkiye Government International Bond, (Turkey), |
|
|
|
|
|
|
|
|
| Series 6Y, 9.38%, 03/14/2029 |
|
|
3,200 |
|
|
|
3,628 |
|
| Series 10Y, 7.63%, 05/15/2034 |
|
|
6,900 |
|
|
|
7,323 |
|
| Series 30Y, 5.75%, 05/11/2047 |
|
|
14,600 |
|
|
|
11,825 |
|
| Series 30Y, 6.88%, 03/17/2036 |
|
|
17,800 |
|
|
|
17,800 |
|
| Turkiye Ihracat Kredi Bankasi A/S, (Turkey), |
|
|
|
|
|
|
|
|
| 7.50%, 02/06/2028 (e) |
|
|
1,000 |
|
|
|
1,037 |
|
| Reg. S, 7.50%, 02/06/2028 |
|
|
200 |
|
|
|
207 |
|
| Uruguay Government International Bond, (Uruguay), |
|
|
|
|
|
|
|
|
| 5.10%, 06/18/2050 |
|
|
4,100 |
|
|
|
4,092 |
|
| 5.75%, 10/28/2034 |
|
|
3,700 |
|
|
|
4,010 |
|
| Uzbekneftegaz JSC, (Uzbekistan), Reg. S, 4.75%, 11/16/2028 |
|
|
4,700 |
|
|
|
4,151 |
|
|
|
|
|
|
|
|
|
|
Total Foreign Government Securities
(Cost $1,004,085) |
|
|
|
|
|
|
1,037,394 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — 0.1% |
|
|
|
|
|
|
|
|
| FHLMC Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 5.50%, 11/01/2038 |
|
|
1,808 |
|
|
|
1,863 |
|
| 6.00%, 07/01/2039 |
|
|
1,019 |
|
|
|
1,057 |
|
| FNMA Pool, Single Family, 15 years, |
|
|
|
|
|
|
|
|
| 5.50%, 09/01/2039 |
|
|
1,693 |
|
|
|
1,747 |
|
| 6.00%, 10/01/2038 |
|
|
2,133 |
|
|
|
2,238 |
|
| 6.00%, 05/01/2039 |
|
|
2,535 |
|
|
|
2,644 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Cost $9,560) |
|
|
|
|
|
|
9,549 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 1.5% |
|
|
|
|
|
|
|
|
| U.S. Treasury Notes, |
|
|
|
|
|
|
|
|
| 2.75%, 04/30/2027 (ff) |
|
|
740 |
|
|
|
725 |
|
| 3.75%, 12/31/2028 (ee) (ii) |
|
|
13,700 |
|
|
|
13,785 |
|
| 4.25%, 01/31/2026 (ee) (ff) |
|
|
57,328 |
|
|
|
57,639 |
|
| 4.25%, 02/28/2031 |
|
|
26,850 |
|
|
|
27,746 |
|
| 4.38%, 05/15/2034 |
|
|
13,500 |
|
|
|
14,122 |
|
| 4.63%, 06/30/2026 |
|
|
30,826 |
|
|
|
31,297 |
|
| 4.88%, 11/30/2025 |
|
|
3,698 |
|
|
|
3,738 |
|
|
|
|
|
|
|
|
|
|
Total U.S. Treasury Obligations
(Cost $147,325) |
|
|
|
|
|
|
149,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
SHARES |
|
|
|
|
| Common Stocks — 0.1% |
|
|
|
|
|
|
|
|
| Basic Materials — 0.0% (g) |
|
|
|
|
|
|
|
|
| Chemicals — 0.0% (g) |
|
|
|
|
|
|
|
|
| Venator Materials plc, (United Kingdom) (a) (bb) (cc) |
|
|
4 |
|
|
|
1,847 |
|
|
|
|
|
|
|
|
|
|
| Communications — 0.1% |
|
|
|
|
|
|
|
|
| Telecommunications — 0.1% |
|
|
|
|
|
|
|
|
| Digicel Holdings Bermuda Ltd., (Jamaica) (a) (bb) (cc) |
|
|
856 |
|
|
|
2,149 |
|
| Intelsat SA, (Luxembourg) (a) |
|
|
87 |
|
|
|
2,673 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
4,822 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 0.0% (g) |
|
|
|
|
|
|
|
|
| Electric — 0.0% (g) |
|
|
|
|
|
|
|
|
| Heritage Power LLC, (a) (bb) (cc) |
|
|
47 |
|
|
|
1,136 |
|
|
|
|
|
|
|
|
|
|
Total Common Stocks
(Cost $10,524) |
|
|
|
|
|
|
7,805 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
SHARES |
|
|
VALUE ($) |
|
| Exchange-Traded Funds — 0.7% |
|
|
|
|
|
|
|
|
| Invesco Senior Loan ETF |
|
|
412 |
|
|
|
8,651 |
|
| SPDR Blackstone Senior Loan ETF |
|
|
1,355 |
|
|
|
56,599 |
|
|
|
|
|
|
|
|
|
|
Total Exchange-Traded Funds
(Cost $65,230) |
|
|
|
|
|
|
65,250 |
|
|
|
|
|
|
|
|
|
|
| Preferred Stocks — 0.1% |
|
|
|
|
|
|
|
|
| Communications — 0.0% (g) |
|
|
|
|
|
|
|
|
| Telecommunications — 0.0% (g) |
|
|
|
|
|
|
|
|
| Digicel Holdings Bermuda Ltd., expiring, (Jamaica) (a) (bb) (cc) |
|
|
91 |
|
|
|
982 |
|
|
|
|
|
|
|
|
|
|
| Consumer Cyclical — 0.1% |
|
|
|
|
|
|
|
|
| Retail — 0.1% |
|
|
|
|
|
|
|
|
| Ferrellgas Escrow LLC, expiring, 03/30/2031 (a) (bb) (cc) |
|
|
6 |
|
|
|
6,467 |
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks
(Cost $7,039) |
|
|
|
|
|
|
7,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
PRINCIPAL
AMOUNT ($) |
|
|
|
|
| Loan Assignments — 4.2% (o) |
|
|
|
|
|
|
|
|
| Basic Materials — 0.1% |
|
|
|
|
|
|
|
|
| Chemicals — 0.1% |
|
|
|
|
|
|
|
|
| Consolidated Energy Finance S.A., 2024 Incremental Term Loan, (Luxembourg), (CME Term SOFR 3 Month + 4.50%), 9.56%, 11/15/2030 (aa) |
|
|
2,985 |
|
|
|
2,793 |
|
| Discovery Purchaser Corp., Initial Term Loan (First Lien), (CME Term SOFR 3 Month + 4.38%), 9.69%, 10/04/2029 (u) (aa) |
|
|
3,711 |
|
|
|
3,692 |
|
| Ecovyst Catalyst Technologies LLC, Second Amendment Term Loan, (CME Term SOFR 3 Month + 2.25%), 7.50%, 06/12/2031 (aa) |
|
|
1,000 |
|
|
|
993 |
|
| Herens Holdco S.a r.l., Facility B (USD), (Luxembourg), (CME Term SOFR 3 Month + 3.93%), 8.63%, 07/03/2028 (aa) |
|
|
610 |
|
|
|
569 |
|
| Venator Materials LLC, First-Out Term Loan, (CME Term SOFR 3 Month + 2.00%), 7.29%, 01/16/2026 (aa) |
|
|
888 |
|
|
|
888 |
|
| Venator Materials LLC, Initial Term Loan, (CME Term SOFR 3 Month + 2.00%), 7.30%, 10/12/2028 (aa) |
|
|
1,265 |
|
|
|
1,255 |
|
|
|
|
|
|
|
|
|
|
| Total Basic Materials |
|
|
|
|
|
|
10,190 |
|
|
|
|
|
|
|
|
|
|
| Communications — 0.7% |
|
|
|
|
|
|
|
|
| Advertising — 0.1% |
|
|
|
|
|
|
|
|
| Clear Channel Outdoor Holdings, Inc., 2024 Refinancing Term Loan, (CME Term SOFR 1 Month + 4.00%), 8.96%, 08/21/2028 (aa) |
|
|
2,710 |
|
|
|
2,698 |
|
| CMG Media Corp., 2021 Term B Loan (First Lien), (CME Term SOFR 3 Month + 3.50%), 8.20%, 12/17/2026 (aa) |
|
|
165 |
|
|
|
144 |
|
| Neptune BidCo US, Inc., Dollar Term B Loan (First Lien), (CME Term SOFR 3 Month + 5.00%), 10.40%, 04/11/2029 (aa) |
|
|
2,975 |
|
|
|
2,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,629 |
|
|
|
|
|
|
|
|
|
|
| Internet — 0.1% |
|
|
|
|
|
|
|
|
| Cablevision Lightpath LLC, Initial Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.46%, 11/30/2027 (aa) |
|
|
1,370 |
|
|
|
1,367 |
|
| CNT Holdings I Corp., Initial Term Loan (First Lien), (CME Term SOFR 3 Month + 3.50%), 8.75%, 11/08/2027 (aa) |
|
|
553 |
|
|
|
554 |
|
| Gen Digital, Inc., Initial Tranche A Term Loan, (CME Term SOFR 1 Month + 1.50%), 6.45%, 09/10/2027 (u) (aa) |
|
|
1,207 |
|
|
|
1,204 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Internet — continued |
|
|
|
|
|
|
|
|
| MH Sub I LLC, 2021 Replacement Term Loan (Second Lien), (CME Term SOFR 3 Month + 6.25%), 11.50%, 02/23/2029 (aa) |
|
|
758 |
|
|
|
743 |
|
| MH Sub I LLC, 2023 May Incremental Term Loan (First Lien), (CME Term SOFR 1 Month + 4.25%), 9.10%, 05/03/2028 (aa) |
|
|
5,560 |
|
|
|
5,521 |
|
| Proofpoint, Inc., 2024 Refinancing Term Loan (First Lien), (CME Term SOFR 1 Month + 3.00%), 7.85%, 08/31/2028 (aa) |
|
|
283 |
|
|
|
283 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,672 |
|
|
|
|
|
|
|
|
|
|
| Media — 0.2% |
|
|
|
|
|
|
|
|
| Charter Communications Operating LLC, Term B-2 Loan, (CME Term SOFR 3 Month + 1.75%), 7.08%, 02/01/2027 (aa) |
|
|
1,417 |
|
|
|
1,415 |
|
| CSC Holdings LLC, 2022 Refinancing Term Loan, (CME Term SOFR 1 Month + 4.50%), 9.60%, 01/18/2028 (u) (aa) |
|
|
10,042 |
|
|
|
9,743 |
|
| CSC Holdings LLC, September 2019 Initial Term Loan, (CME Term SOFR 6 Month + 2.50%), 7.17%, 04/15/2027 (aa) |
|
|
426 |
|
|
|
389 |
|
| Diamond Sports Group LLC, DIP Term Loan, 5.00%, 12/02/2024 (d) |
|
|
2,035 |
|
|
|
2,426 |
|
| Diamond Sports Group LLC, Term Loan (First Lien), (CME Term SOFR 1 Month + 10.00%), 15.30%, 05/25/2026 (d) (aa) |
|
|
411 |
|
|
|
358 |
|
| Diamond Sports Group LLC, Term Loan (Second Lien), (CME Term SOFR 1 Month + 5.25%), 10.20%, 08/24/2026 (d) (aa) |
|
|
4,720 |
|
|
|
48 |
|
| DIRECTV Financing LLC, Closing Date Term Loan, (CME Term SOFR 1 Month + 5.00%), 9.96%, 08/02/2027 (u) (aa) |
|
|
679 |
|
|
|
678 |
|
| Gray Television, Inc., Term F Loan, (CME Term SOFR 1 Month + 5.25%), 10.45%, 06/04/2029 (u) (aa) |
|
|
2,104 |
|
|
|
2,016 |
|
| Radiate Holdco LLC, Amendment No. 6 Term B Loan, (CME Term SOFR 1 Month + 3.25%), 8.21%, 09/25/2026 (u) (aa) |
|
|
7,464 |
|
|
|
6,384 |
|
| Univision Communications, Inc., 2021 Replacement Converted First-Lien Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.21%, 03/15/2026 (u) (aa) |
|
|
1,439 |
|
|
|
1,438 |
|
| Univision Communications, Inc., 2024 Replacement Converted First-Lien Term Loan, (CME Term SOFR 1 Month + 3.50%), 8.46%, 01/31/2029 (aa) |
|
|
276 |
|
|
|
269 |
|
| Virgin Media Bristol LLC, Facility Q, (CME Term SOFR 1 Month + 3.25%), 4.79%, 01/31/2029 (u) (aa) |
|
|
625 |
|
|
|
597 |
|
| Virgin Media Bristol LLC, N Facility, (CME Term SOFR 1 Month + 2.50%), 7.71%, 01/31/2028 (aa) |
|
|
1,042 |
|
|
|
996 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26,757 |
|
|
|
|
|
|
|
|
|
|
| Telecommunications — 0.3% |
|
|
|
|
|
|
|
|
| Altice Financing S.A., 2022 Refinancing Dollar Commitments, (Luxembourg), (CME Term SOFR 3 Month + 5.00%), 4.66%, 10/31/2027 (u) (aa) |
|
|
499 |
|
|
|
452 |
|
| Delta Topco, Inc., Second Amendment Refinancing Term Loan (Second Lien), (CME Term SOFR 6 Month + 5.25%), 9.95%, 11/29/2030 (aa) |
|
|
386 |
|
|
|
388 |
|
| Delta Topco, Inc., Second Amendment Term Loan (First Lien), (CME Term SOFR 6 Month + 3.50%), 8.20%, 11/30/2029 (aa) |
|
|
1,685 |
|
|
|
1,681 |
|
| Digicel International Finance Ltd., Initial Term Loan (First Lien), (Saint Lucia), (CME Term SOFR 3 Month + 5.25%), 10.50%, 05/25/2027 (aa) |
|
|
1,658 |
|
|
|
1,636 |
|
| Level 3 Financing, Inc., Term B-1, (CME Term SOFR 1 Month + 6.56%), 11.41%, 04/15/2029 (u) (aa) |
|
|
4,327 |
|
|
|
4,412 |
|
| Level 3 Financing, Inc., Term B-2, (CME Term SOFR 1 Month + 6.56%), 11.41%, 04/15/2030 (aa) |
|
|
2,320 |
|
|
|
2,358 |
|
| Lumen Technologies, Inc., Term A Loan, (CME Term SOFR 1 Month + 6.00%), 10.85%, 06/01/2028 (aa) |
|
|
274 |
|
|
|
263 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Telecommunications — continued |
|
|
|
|
|
|
|
|
| Odido Holding BV, Facility B Loan, (Netherlands), (EURIBOR 3 Month + 3.90%), 7.25%, 03/30/2029 |
|
EUR |
6,910 |
|
|
|
7,715 |
|
| Xplore, Inc., Initial Term Loan (Second Lien), (Canada), (CME Term SOFR 3 Month + 7.00%), 5.33%, 10/01/2029 (d) (aa) |
|
|
1,300 |
|
|
|
11 |
|
| Xplore, Inc., Refinancing Term Loan (First Lien), (Canada), (CME Term SOFR 3 Month + 4.00%), 8.00%, 10/02/2028 (d) (aa) |
|
|
3,232 |
|
|
|
537 |
|
| Zayo Group Holdings, Inc., Initial Dollar Term Loan, (CME Term SOFR 1 Month + 3.00%), 7.96%, 03/09/2027 (u) (aa) |
|
|
6,372 |
|
|
|
5,810 |
|
| Zegona Holdco Ltd., Facility B (USD), (United Kingdom), (CME Term SOFR 6 Month + 4.25%), 9.40%, 07/17/2029 (aa) |
|
|
2,025 |
|
|
|
2,020 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27,283 |
|
|
|
|
|
|
|
|
|
|
| Total Communications |
|
|
|
|
|
|
69,341 |
|
|
|
|
|
|
|
|
|
|
| Consumer Cyclical — 0.5% |
|
|
|
|
|
|
|
|
| Airlines — 0.0% (g) |
|
|
|
|
|
|
|
|
| AAdvantage Loyalty IP Ltd., Initial Term Loan, (CME Term SOFR 3 Month + 4.75%), 10.29%, 04/20/2028 (aa) |
|
|
879 |
|
|
|
902 |
|
|
|
|
|
|
|
|
|
|
| Auto Parts & Equipment — 0.0% (g) |
|
|
|
|
|
|
|
|
| First Brands Group LLC, 2021 Term Loan (Second Lien), (CME Term SOFR 3 Month + 8.50%), 14.01%, 03/30/2028 (aa) |
|
|
2,290 |
|
|
|
2,164 |
|
| Tenneco, Inc., Term A Loan (First Lien), (CME Term SOFR 3 Month + 4.75%), 9.98%, 11/17/2028 (aa) |
|
|
1,881 |
|
|
|
1,776 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,940 |
|
|
|
|
|
|
|
|
|
|
| Distribution/Wholesale — 0.1% |
|
|
|
|
|
|
|
|
| BCPE Empire Holdings, Inc., Amendment No. 5 Refinancing Term Loan (First Lien), (CME Term SOFR 1 Month + 4.00%), 8.85%, 12/11/2028 (aa) |
|
|
398 |
|
|
|
398 |
|
| Core & Main LP, Tranche C Term Loan, (CME Term SOFR 1 Month + 2.25%), 7.11%, 02/09/2031 (u) (aa) |
|
|
1,995 |
|
|
|
1,995 |
|
| Parts Europe, Facility B, (France), (EURIBOR 3 Month + 3.50%), 7.19%, 02/03/2031 |
|
EUR |
3,000 |
|
|
|
3,344 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,737 |
|
|
|
|
|
|
|
|
|
|
| Entertainment — 0.1% |
|
|
|
|
|
|
|
|
| Bally’s Corp., Term B Facility Loan, (CME Term SOFR 3 Month + 3.25%), 8.79%, 10/02/2028 (aa) |
|
|
2,125 |
|
|
|
2,021 |
|
| Caesars Entertainment, Inc., 2023 Incremental Term B Loan, (CME Term SOFR 1 Month + 2.75%), 7.60%, 02/06/2030 (u) (aa) |
|
|
2,493 |
|
|
|
2,491 |
|
| Entain plc, Facility B3 (USD), (Isle of Man), (CME Term SOFR 6 Month + 2.75%), 8.01%, 10/31/2029 (aa) |
|
|
865 |
|
|
|
865 |
|
| Motion Acquisition Ltd., Facility B (USD) Loan, (United Kingdom), (CME Term SOFR 3 Month + 3.50%), 8.10%, 11/12/2029 (aa) |
|
|
510 |
|
|
|
490 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,867 |
|
|
|
|
|
|
|
|
|
|
| Housewares — 0.0% (g) |
|
|
|
|
|
|
|
|
| SWF Holdings I Corp., Initial Term Loan (First Lien), (CME Term SOFR 1 Month + 4.00%), 4.85%, 10/06/2028 (u) (aa) |
|
|
349 |
|
|
|
287 |
|
|
|
|
|
|
|
|
|
|
| Leisure Time — 0.0% (g) |
|
|
|
|
|
|
|
|
| City Football Group Ltd., Term B-1 Loan, (United Kingdom), (CME Term SOFR 1 Month + 3.00%), 7.97%, 07/21/2030 (aa) |
|
|
1,172 |
|
|
|
1,164 |
|
| Sabre GLBL, Inc., 2021 Other Term B-1 Loan, (CME Term SOFR 1 Month + 3.50%), 8.46%, 12/17/2027 (aa) |
|
|
250 |
|
|
|
232 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Leisure Time — continued |
|
|
|
|
|
|
|
|
| Sabre GLBL, Inc., 2021 Other Term B-2 Loan, (CME Term SOFR 1 Month + 3.50%), 8.46%, 12/17/2027 (aa) |
|
|
395 |
|
|
|
368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,764 |
|
|
|
|
|
|
|
|
|
|
| Lodging — 0.0% (g) |
|
|
|
|
|
|
|
|
| Wyndham Hotels & Resorts, Inc., 2022 Term A Loan, (CME Term SOFR 1 Month + 1.75%), 6.70%, 04/08/2027 (aa) |
|
|
281 |
|
|
|
281 |
|
|
|
|
|
|
|
|
|
|
| Retail — 0.3% |
|
|
|
|
|
|
|
|
| 1011778 B.C. Unlimited Liability Co., Term B-5 Loan, (Canada), (CME Term SOFR 1 Month + 2.25%), 6.60%, 09/20/2030 (u) (aa) |
|
|
1,413 |
|
|
|
1,397 |
|
| Breitling Holdings S.a r.l., Facility B, (Luxembourg), (EURIBOR 3 Month + 3.90%), 0.00%, 10/25/2028 (u) |
|
EUR |
4,500 |
|
|
|
4,801 |
|
| Foundation Building Materials, Inc., 2024 Incremental Term Loan, (CME Term SOFR 3 Month + 4.00%), 9.25%, 01/29/2031 (aa) |
|
|
5,764 |
|
|
|
5,604 |
|
| Great Outdoors Group LLC, Term B-2 Loan, (CME Term SOFR 1 Month + 3.75%), 8.71%, 03/06/2028 (aa) |
|
|
2,188 |
|
|
|
2,186 |
|
| Gulfside Supply, Inc., Initial Term Loan, (CME Term SOFR 3 Month + 3.00%), 8.29%, 06/17/2031 (aa) |
|
|
365 |
|
|
|
365 |
|
| Peer Holding III BV, Additional Facility (EUR) 2, (Netherlands), (EURIBOR 3 Month + 3.25%), 0.00%, 07/01/2031 (u) |
|
EUR |
3,000 |
|
|
|
3,340 |
|
| PetSmart LLC, Initial Term Loan, (CME Term SOFR 1 Month + 3.75%), 8.70%, 02/11/2028 (aa) |
|
|
1,514 |
|
|
|
1,499 |
|
| Whatabrands LLC, 2024 Refinancing Term B Loan, (CME Term SOFR 1 Month + 2.75%), 7.60%, 08/03/2028 (aa) |
|
|
3,990 |
|
|
|
3,982 |
|
| White Cap Supply Holdings LLC, Tranche C Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.10%, 10/19/2029 (aa) |
|
|
7,975 |
|
|
|
7,914 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31,088 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Cyclical |
|
|
|
|
|
|
49,866 |
|
|
|
|
|
|
|
|
|
|
| Consumer Non-cyclical — 0.6% |
|
|
|
|
|
|
|
|
| Commercial Services — 0.2% |
|
|
|
|
|
|
|
|
| Allied Universal Holdco LLC, Initial U.S. Dollar Term Loan, (CME Term SOFR 1 Month + 3.75%), 8.70%, 05/12/2028 (aa) |
|
|
2,151 |
|
|
|
2,128 |
|
| Camelot U.S. Acquisition LLC, Amendment No. 6 Refinancing Term Loan, (CME Term SOFR 1 Month + 2.75%), 7.60%, 01/31/2031 (aa) |
|
|
1,995 |
|
|
|
1,991 |
|
| Champions Holdco, Inc., Initial Term Loan, (CME Term SOFR 3 Month + 4.75%), 9.74%, 02/23/2029 (aa) |
|
|
1,995 |
|
|
|
1,915 |
|
| Ensemble RCM LLC, Term B Loan, (CME Term SOFR 3 Month + 3.00%), 8.25%, 08/01/2029 (aa) |
|
|
852 |
|
|
|
853 |
|
| Grant Thornton Advisors LLC, Initial Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.10%, 06/02/2031 (aa) |
|
|
1,283 |
|
|
|
1,285 |
|
| Neon Maple Purchaser, Inc., Tranche B-1 Term Loan, (CME Term SOFR 3 Month + 3.00%), 8.34%, 07/18/2031 (u) (aa) |
|
|
3,578 |
|
|
|
3,538 |
|
| PG Polaris Bidco S.A.R.L., Initial Term Loan, (Luxembourg), (CME Term SOFR 3 Month + 3.50%), 8.10%, 03/26/2031 (aa) |
|
|
911 |
|
|
|
912 |
|
| Vortex Opco LLC, Second-Out New Money Term Loan, (Cayman Islands), (CME Term SOFR 3 Month + 4.25%), 9.12%, 12/17/2028 (aa) |
|
|
360 |
|
|
|
256 |
|
| Wand Newco 3, Inc., Tranche B-1 Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 7.85%, 01/30/2031 (aa) |
|
|
7,085 |
|
|
|
7,073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,951 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Cosmetics/Personal Care — 0.0% (g) |
|
|
|
|
|
|
|
|
| KDC/ONE Development Corp., Inc., 2024 Refinancing Dollar Term Loan, (Canada), (CME Term SOFR 1 Month + 4.50%), 9.36%, 08/15/2028 (aa) |
|
|
716 |
|
|
|
716 |
|
|
|
|
|
|
|
|
|
|
| Food — 0.1% |
|
|
|
|
|
|
|
|
| Best Food of Nature HoldCo III, Facility B, (France), (EURIBOR 1 Month + 4.00%), 7.38%, 09/11/2026 (u) |
|
EUR |
5,500 |
|
|
|
5,772 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Products — 0.1% |
|
|
|
|
|
|
|
|
| Bausch + Lomb Corp., Initial Term Loan, (Canada), (CME Term SOFR 1 Month + 3.25%), 8.27%, 05/10/2027 (aa) |
|
|
6,544 |
|
|
|
6,513 |
|
| Medline Borrower, LP, Third Amendment Incremental Term Loan, (CME Term SOFR 1 Month + 2.25%), 7.10%, 10/23/2028 (aa) |
|
|
7,083 |
|
|
|
7,073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,586 |
|
|
|
|
|
|
|
|
|
|
| Healthcare - Services — 0.1% |
|
|
|
|
|
|
|
|
| Catalent Pharma Solutions, Inc., 2021 Incremental Dollar Term B-3, (CME Term SOFR 1 Month + 2.00%), 7.03%, 02/22/2028 (aa) |
|
|
1,492 |
|
|
|
1,491 |
|
| LifePoint Health, Inc., 2024 Incremental Term Loan (First Lien), (CME Term SOFR 1 Month + 4.00%), 8.96%, 05/17/2031 (aa) |
|
|
1,025 |
|
|
|
1,024 |
|
| LifePoint Health, Inc., 2024 Refinancing Term Loan (First Lien), (CME Term SOFR 3 Month + 4.75%), 10.05%, 11/16/2028 (aa) |
|
|
552 |
|
|
|
551 |
|
| LifePoint Health, Inc., Term Loan B, (CME Term SOFR 3 Month + 3.75%), 3.75%, 05/16/2031 (u) (aa) |
|
|
2,121 |
|
|
|
2,117 |
|
| Parexel International, Inc., Fifth Amendment Term Loan (First Lien), (CME Term SOFR 1 Month + 3.00%), 7.85%, 11/15/2028 (aa) |
|
|
247 |
|
|
|
247 |
|
| Quorum Health Corp., Term Loan (Exit), (CME Term SOFR 3 Month + 8.25%), 13.65%, 04/29/2025 (aa) |
|
|
636 |
|
|
|
471 |
|
| Star Parent, Inc., Term Loan, (CME Term SOFR 3 Month + 3.75%), 8.35%, 09/27/2030 (u) (aa) |
|
|
3,267 |
|
|
|
3,174 |
|
| Surgery Center Holdings, Inc., 2024 Refinancing Term Loan, (CME Term SOFR 1 Month + 2.75%), 7.67%, 12/19/2030 (aa) |
|
|
177 |
|
|
|
177 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,252 |
|
|
|
|
|
|
|
|
|
|
| Pharmaceuticals — 0.1% |
|
|
|
|
|
|
|
|
| Bausch Health Companies, Inc., Second Amendment Term Loan, (Canada), (CME Term SOFR 1 Month + 5.25%), 10.20%, 02/01/2027 (u) (aa) |
|
|
2,742 |
|
|
|
2,629 |
|
| Cooper Consumer Health, Incremental Facility B2, (France), (EURIBOR 3 Month + 4.75%), 0.00%, 11/06/2028 (u) |
|
EUR |
3,775 |
|
|
|
4,209 |
|
| Elanco Animal Health, Inc., Term Loan, (CME Term SOFR 1 Month + 1.75%), 7.05%, 08/01/2027 (aa) |
|
|
977 |
|
|
|
975 |
|
| Endo Finance Holdings, Inc., Initial Term Loan, (CME Term SOFR 3 Month + 4.50%), 9.78%, 04/23/2031 (aa) |
|
|
2,787 |
|
|
|
2,783 |
|
| Gainwell Acquisition Corp., Term B Loan (First Lien), (CME Term SOFR 3 Month + 4.00%), 8.70%, 10/01/2027 (u) (aa) |
|
|
2,663 |
|
|
|
2,528 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,124 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer Non-cyclical |
|
|
|
|
|
|
62,401 |
|
|
|
|
|
|
|
|
|
|
| Diversified — 0.0% (g) |
|
|
|
|
|
|
|
|
| Holding Companies—Diversified — 0.0% (g) |
|
|
|
|
|
|
|
|
| GN Loanco LLC, Term B Loan, (CME Term SOFR 3 Month + 4.50%), 9.75%, 12/19/2030 (aa) |
|
|
1,413 |
|
|
|
1,401 |
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Energy — 0.0% (g) |
|
|
|
|
|
|
|
|
| Oil & Gas Services — 0.0% (g) |
|
|
|
|
|
|
|
|
| Star Holding LLC, Term B Loan (First Lien), (CME Term SOFR 1 Month + 4.50%), 9.35%, 07/31/2031 (aa) |
|
|
4,226 |
|
|
|
4,121 |
|
|
|
|
|
|
|
|
|
|
| Pipelines — 0.0% (g) |
|
|
|
|
|
|
|
|
| Buckeye Partners, L.P., 2024 Tranche B-5 Term Loan, (CME Term SOFR 1 Month + 1.75%), 6.60%, 11/01/2026 (aa) |
|
|
422 |
|
|
|
422 |
|
| NGL Energy Operating LLC, Initial Term Loan, (CME Term SOFR 1 Month + 3.75%), 8.60%, 02/03/2031 (aa) |
|
|
666 |
|
|
|
662 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,084 |
|
|
|
|
|
|
|
|
|
|
| Total Energy |
|
|
|
|
|
|
5,205 |
|
|
|
|
|
|
|
|
|
|
| Financial — 0.5% |
|
|
|
|
|
|
|
|
| Banks — 0.0% (g) |
|
|
|
|
|
|
|
|
| Ziraat Katilim Bankasi Anonim Sirketi, Tranche B, (CME Term SOFR 3 Month + 3.10%), 5.30%, 06/15/2034 (aa) (bb) (cc) |
|
|
2,400 |
|
|
|
2,400 |
|
|
|
|
|
|
|
|
|
|
| Diversified Financial Services — 0.1% |
|
|
|
|
|
|
|
|
| Avolon TLB Borrower 1, Term B-4 Loan, (Term SOFR 1 Month + 1.50%), 6.56%, 02/12/2027 (u) |
|
|
498 |
|
|
|
497 |
|
| Avolon TLB Borrower 1, Term B-6 Loan, (CME Term SOFR 1 Month + 2.00%), 6.96%, 06/22/2028 (u) (aa) |
|
|
564 |
|
|
|
564 |
|
| Castlelake Aviation One Designated Activity Co., Initial Term Loan, (Term SOFR 3 Month + 2.50%), 7.25%, 10/22/2026 (u) |
|
|
288 |
|
|
|
288 |
|
| Corpay Technologies Operating Co. LLC, Term B-5 Loan, (CME Term SOFR 1 Month + 1.75%), 6.60%, 04/28/2028 (aa) |
|
|
942 |
|
|
|
941 |
|
| CPI Holdco B LLC, Initial Term Loan, (CME Term SOFR 1 Month + 2.00%), 6.85%, 05/17/2031 (aa) |
|
|
1,179 |
|
|
|
1,173 |
|
| Deerfield Dakota Holding LLC, 2021 Replacement Term Loan (Second Lien), (CME Term SOFR 3 Month + 6.75%), 11.62%, 04/07/2028 (aa) |
|
|
653 |
|
|
|
636 |
|
| Edelman Financial Engines Center LLC,2024 Refinancing Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.10%, 04/07/2028 (aa) |
|
|
1,995 |
|
|
|
1,991 |
|
| Fly Funding II S.a r.l., Replacement Loan, (Luxembourg), (ICE LIBOR USD 3 Month + 1.75%), 5.37%, 08/11/2025 (u) |
|
|
302 |
|
|
|
294 |
|
| Jane Street Group LLC, 2024 Repricing Term Loan, (CME Term SOFR 1 Month + 2.50%), 7.46%, 01/26/2028 (aa) |
|
|
695 |
|
|
|
694 |
|
| LPL Holdings, Inc., Tranche B-1 Term Loan, (CME Term SOFR 1 Month + 1.75%), 7.05%, 11/12/2026 (aa) |
|
|
222 |
|
|
|
222 |
|
| Osmosis Buyer Ltd.,2024 Refinancing Term B Loan, (United Kingdom), (CME Term SOFR 1 Month + 3.50%), 8.70%, 07/31/2028 (aa) |
|
|
3,500 |
|
|
|
3,495 |
|
| Setanta Aircraft Leasing Designated Activity Co., New Loan, (Ireland), (CME Term SOFR 3 Month + 1.75%), 6.35%, 11/05/2028 (aa) |
|
|
119 |
|
|
|
119 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,914 |
|
|
|
|
|
|
|
|
|
|
| Insurance — 0.4% |
|
|
|
|
|
|
|
|
| Acrisure LLC, 2024 Refinancing Term Loan, (CME Term SOFR 1 Month + 3.25%), 4.76%, 11/06/2030 (u) (aa) |
|
|
1,496 |
|
|
|
1,480 |
|
| AmWINS Group, Inc., Term Loan, (CME Term SOFR 1 Month + 2.25%), 7.21%, 02/19/2028 (aa) |
|
|
1,995 |
|
|
|
1,991 |
|
| AssuredPartners, Inc., 2024 Term Loan, (CME Term SOFR 1 Month + 3.50%), 8.35%, 02/14/2031 (aa) |
|
|
4,289 |
|
|
|
4,284 |
|
| Asurion LLC, New B-4 Term Loan (Second Lien), (CME Term SOFR 1 Month + 5.25%), 10.21%, 01/20/2029 (aa) |
|
|
1,475 |
|
|
|
1,360 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Insurance — continued |
|
|
|
|
|
|
|
|
| Asurion LLC, New B-8 Term Loan, (Term SOFR 1 Month + 3.25%), 8.21%, 12/23/2026 (u) |
|
|
6,513 |
|
|
|
6,505 |
|
| Asurion LLC, New B-9 Term Loan, (Term SOFR 1 Month + 3.25%), 8.21%, 07/31/2027 (u) |
|
|
188 |
|
|
|
185 |
|
| Sedgwick Claims Management Services, Inc., 2024 Term Loan, (CME Term SOFR 3 Month + 3.00%), 8.25%, 07/31/2031 (aa) |
|
|
1,994 |
|
|
|
1,990 |
|
| Truist Insurance Holdings LLC, Initial Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 7.85%, 05/06/2031 (aa) |
|
|
3,340 |
|
|
|
3,332 |
|
| Truist Insurance Holdings LLC, Initial Term Loan (Second Lien), (CME Term SOFR 3 Month + 4.75%), 9.35%, 05/06/2032 (aa) |
|
|
7,779 |
|
|
|
7,896 |
|
| USI, Inc., 2024 Term Loan, (CME Term SOFR 3 Month + 2.75%), 7.35%, 09/27/2030 (aa) |
|
|
4,987 |
|
|
|
4,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33,993 |
|
|
|
|
|
|
|
|
|
|
| Investment Companies — 0.0% (g) |
|
|
|
|
|
|
|
|
| WEC US Holdings Ltd., Initial Term Loan, (CME Term SOFR 1 Month + 2.75%), 7.60%, 01/27/2031 (aa) |
|
|
285 |
|
|
|
285 |
|
|
|
|
|
|
|
|
|
|
| Real Estate — 0.0% (g) |
|
|
|
|
|
|
|
|
| CoreLogic, Inc., Initial Term Loan (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.46%, 06/02/2028 (aa) |
|
|
743 |
|
|
|
734 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
48,326 |
|
|
|
|
|
|
|
|
|
|
| Government — 0.1% |
|
|
|
|
|
|
|
|
| Sovereign — 0.1% |
|
|
|
|
|
|
|
|
| Republic of Cote d’Ivoire, Term Loan, (EURIBOR 3 Month + 3.05%), 6.86%, 02/11/2034 (bb) (cc) |
|
EUR |
4,000 |
|
|
|
4,437 |
|
| Republic of Tanzania, Term Loan, (CME Term SOFR 3 Month + 5.47%), 10.74%, 06/20/2030 (aa) (bb) (cc) |
|
|
5,000 |
|
|
|
4,981 |
|
|
|
|
|
|
|
|
|
|
| Total Government |
|
|
|
|
|
|
9,418 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 0.7% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 0.1% |
|
|
|
|
|
|
|
|
| Bleriot US Bidco, Inc., 2024 Term Loan, (CME Term SOFR 3 Month + 3.25%), 7.85%, 10/31/2030 (aa) |
|
|
727 |
|
|
|
727 |
|
| Dynasty Acquisition Co., Inc., 2024 Specified Refinancing Term B-1 Loan, (CME Term SOFR 1 Month + 3.50%), 8.35%, 08/24/2028 (u) (aa) |
|
|
— |
(h) |
|
|
— |
(h) |
| Ovation Parent, Inc., Initial Term Loan, (CME Term SOFR 3 Month + 3.50%), 8.10%, 04/21/2031 (aa) |
|
|
455 |
|
|
|
456 |
|
| TransDigm, Inc., New Tranche J Term Loan, (CME Term SOFR 3 Month + 2.50%), 7.10%, 02/28/2031 (aa) |
|
|
4,988 |
|
|
|
4,967 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,150 |
|
|
|
|
|
|
|
|
|
|
| Building Materials — 0.1% |
|
|
|
|
|
|
|
|
| Chariot Buyer LLC, Amendment No. 2 Term Loan (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.35%, 11/03/2028 (aa) |
|
|
896 |
|
|
|
893 |
|
| Chariot Buyer LLC, Initial Term Loan (First Lien), (CME Term SOFR 1 Month + 3.25%), 8.20%, 11/03/2028 (aa) |
|
|
997 |
|
|
|
991 |
|
| Cornerstone Building Brands, Inc., Tranche C Term Loan, (CME Term SOFR 1 Month + 4.50%), 9.60%, 05/15/2031 (aa) |
|
|
492 |
|
|
|
486 |
|
| EMRLD Borrower LP, Second Amendment Incremental Term Loan, (CME Term SOFR 3 Month + 2.50%), 7.56%, 08/04/2031 (aa) |
|
|
4,137 |
|
|
|
4,126 |
|
| Hobbs & Associates LLC, Closing Date Term Loan, (CME Term SOFR 1 Month + 3.00%), 8.10%, 07/23/2031 (aa) |
|
|
1,000 |
|
|
|
997 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Building Materials — continued |
|
|
|
|
|
|
|
|
| Hobbs & Associates LLC, Delayed Draw Term Loan, (CME Term SOFR 3 Month + 1.63%), 1.63%, 07/23/2031 (aa) |
|
|
100 |
|
|
|
100 |
|
| Quikrete Holdings, Inc., Tranche B-2 Term Loan (First Lien), (CME Term SOFR 1 Month + 2.25%), 7.10%, 03/19/2029 (aa) |
|
|
1,125 |
|
|
|
1,124 |
|
| Standard Building Solutions, Inc., Initial Term Loan, (CME Term SOFR 1 Month + 2.00%), 6.92%, 09/22/2028 (aa) |
|
|
1,342 |
|
|
|
1,344 |
|
| Wilsonart LLC, Initial Term Loan, (CME Term SOFR 3 Month + 4.25%), 8.85%, 08/05/2031 (aa) |
|
|
3,132 |
|
|
|
3,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,156 |
|
|
|
|
|
|
|
|
|
|
| Electronics — 0.1% |
|
|
|
|
|
|
|
|
| Indicor LLC, Tranche C Dollar Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 7.85%, 11/22/2029 (aa) |
|
|
1,232 |
|
|
|
1,234 |
|
| LIKEWIZE Corp., Closing Date Term Loan, (CME Term SOFR 3 Month + 6.00%), 10.35%, 08/15/2029 (aa) |
|
|
1,673 |
|
|
|
1,624 |
|
| LIKEWIZE Corp., Delayed Draw Term Loan, (ICE LIBOR USD 3 Month + 1.00%), 1.00%, 08/15/2029 |
|
|
152 |
|
|
|
147 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,005 |
|
|
|
|
|
|
|
|
|
|
| Engineering & Construction — 0.1% |
|
|
|
|
|
|
|
|
| Apple Bidco LLC, Amendment No. 3 Term Loan (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.35%, 09/22/2028 (aa) |
|
|
155 |
|
|
|
156 |
|
| Brand Industrial Services, Inc., Tranche C Term Loan, (CME Term SOFR 3 Month + 4.50%), 9.75%, 08/01/2030 (aa) |
|
|
8,161 |
|
|
|
7,923 |
|
| Brown Group Holding LLC, Incremental Term B-2 Facility, (CME Term SOFR 3 Month + 2.75%), 8.00%, 07/01/2031 (aa) |
|
|
3,376 |
|
|
|
3,367 |
|
| Chromalloy Corp., Term Loan, (CME Term SOFR 3 Month + 4.00%), 9.08%, 03/27/2031 (aa) |
|
|
1,944 |
|
|
|
1,844 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,290 |
|
|
|
|
|
|
|
|
|
|
| EnvironmentalControl — 0.1% |
|
|
|
|
|
|
|
|
| Filtration Group Corp., 2021 Incremental Term Loan, (CME Term SOFR 1 Month + 3.50%), 8.46%, 10/21/2028 (aa) |
|
|
4,987 |
|
|
|
4,986 |
|
| GFL Environmental, Inc., 2024 Refinancing Term Loan, (Canada), (CME Term SOFR 3 Month + 2.00%), 7.32%, 07/03/2031 (aa) |
|
|
1,761 |
|
|
|
1,758 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,744 |
|
|
|
|
|
|
|
|
|
|
| Hand/MachineTools — 0.0% (g) |
|
|
|
|
|
|
|
|
| Alliance Laundry Systems LLC, Initial Term B Loan, (CME Term SOFR 1 Month + 3.50%), 8.35%, 08/19/2031 (aa) |
|
|
450 |
|
|
|
450 |
|
| Madison Safety & Flow LLC, Term Loan B, (CME Term SOFR 3 Month + 3.25%), 8.21%, 09/19/2031 (u) (aa) |
|
|
1,177 |
|
|
|
1,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,626 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Construction & Mining —
0.0% (g) |
|
|
|
|
|
|
|
|
| Vertiv Group Corp., Term B-2 Loan, (CME Term SOFR 1 Month + 2.00%), 7.20%, 03/02/2027 (aa) |
|
|
1,995 |
|
|
|
1,996 |
|
|
|
|
|
|
|
|
|
|
| Machinery - Diversified — 0.1% |
|
|
|
|
|
|
|
|
| CD&R Hydra Buyer, Inc., First Refinancing Term Loan, (CME Term SOFR 1 Month + 4.00%), 8.95%, 03/25/2031 (aa) |
|
|
853 |
|
|
|
847 |
|
| Husky Injection Molding Systems Ltd., Amendment No. 5 Refinancing Term Loan, (Canada), (CME Term SOFR 6 Month + 5.00%), 10.33%, 02/15/2029 (aa) |
|
|
6,006 |
|
|
|
5,971 |
|
| SPX Flow, Inc., 2024 Refinancing Term Loan, (CME Term SOFR 1 Month + 3.50%), 8.35%, 04/05/2029 (aa) |
|
|
950 |
|
|
|
951 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Machinery - Diversified — continued |
|
|
|
|
|
|
|
|
| TK Elevator Midco GmbH, Facility B2 (USD), (Germany), (CME Term SOFR 6 Month + 3.50%), 8.59%, 04/30/2030 (aa) |
|
|
5,162 |
|
|
|
5,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12,940 |
|
|
|
|
|
|
|
|
|
|
| Metal Fabricate/Hardware — 0.0% (g) |
|
|
|
|
|
|
|
|
| Doncasters US Finance LLC, Delayed Draw Term Loan, (CME Term SOFR 3 Month + 2.00%), 1.50%, 04/23/2030 (aa) |
|
|
223 |
|
|
|
221 |
|
| Doncasters US Finance LLC, Initial Term Loan, (CME Term SOFR 3 Month + 7.00%), 11.10%, 04/23/2030 (aa) |
|
|
2,219 |
|
|
|
2,196 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,417 |
|
|
|
|
|
|
|
|
|
|
| Packaging & Containers — 0.1% |
|
|
|
|
|
|
|
|
| Berry Global, Inc., Term AA Loan, (CME Term SOFR 3 Month + 1.75%), 7.32%, 07/01/2029 (aa) |
|
|
744 |
|
|
|
746 |
|
| Iris Holding, Inc., Initial Term Loan (First Lien), (CME Term SOFR 3 Month + 4.75%), 10.10%, 06/28/2028 (aa) |
|
|
1,467 |
|
|
|
1,384 |
|
| Mauser Packaging Solutions Holding Co., Term B-1 Loan, (CME Term SOFR 1 Month + 3.50%), 8.70%, 04/15/2027 (aa) |
|
|
549 |
|
|
|
550 |
|
| Trident TPI Holdings, Inc., Tranche B-6 Initial Term Loan, (CME Term SOFR 3 Month + 4.00%), 8.60%, 09/15/2028 (aa) |
|
|
323 |
|
|
|
323 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,003 |
|
|
|
|
|
|
|
|
|
|
| Transportation — 0.0% (g) |
|
|
|
|
|
|
|
|
| Genesee & Wyoming, Inc., Initial Term Loan, (CME Term SOFR 3 Month + 2.00%), 6.60%, 04/10/2031 (aa) |
|
|
2,433 |
|
|
|
2,427 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
66,754 |
|
|
|
|
|
|
|
|
|
|
| Technology — 1.0% |
|
|
|
|
|
|
|
|
| Computers — 0.2% |
|
|
|
|
|
|
|
|
| Atlas CC Acquisition Corp., Term B Loan (First Lien), (CME Term SOFR 3 Month + 4.25%), 9.57%, 05/25/2028 (aa) |
|
|
1,210 |
|
|
|
932 |
|
| Atlas CC Acquisition Corp., Term C Loan (First Lien), (CME Term SOFR 3 Month + 4.00%), 9.57%, 05/25/2028 (aa) |
|
|
246 |
|
|
|
190 |
|
| McAfee Corp., First Amendment Tranche B-1 Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.45%, 03/01/2029 (aa) |
|
|
6,878 |
|
|
|
6,846 |
|
| NCR Atleos LLC, Term B Loan, (CME Term SOFR 3 Month + 4.75%), 10.10%, 03/27/2029 (aa) |
|
|
1,583 |
|
|
|
1,597 |
|
| Peraton Corp., Term B Loan (First Lien), (CME Term SOFR 1 Month + 3.75%), 8.70%, 02/01/2028 (u) (aa) |
|
|
4,923 |
|
|
|
4,727 |
|
| Peraton Corp., Term B-1 Loan (Second Lien), (CME Term SOFR 3 Month + 8.00%), 12.97%, 02/01/2029 (aa) |
|
|
1,199 |
|
|
|
1,123 |
|
| Tempo Acquisition LLC, Sixth Incremental Term Loan, (CME Term SOFR 1 Month + 2.00%), 7.10%, 08/31/2028 (aa) |
|
|
4,985 |
|
|
|
4,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20,401 |
|
|
|
|
|
|
|
|
|
|
| Semiconductors — 0.0% (g) |
|
|
|
|
|
|
|
|
| Icon Parent, Inc., Term Loan, (CME Term SOFR 3 Month + 3.00%), 7.95%, 09/11/2031 (u) (aa) |
|
|
1,425 |
|
|
|
1,414 |
|
|
|
|
|
|
|
|
|
|
| Software — 0.8% |
|
|
|
|
|
|
|
|
| Ascend Learning LLC, Initial Term Loan (2021) (First Lien), (CME Term SOFR 1 Month + 4.00%), 8.45%, 12/11/2028 (aa) |
|
|
2,028 |
|
|
|
2,017 |
|
| Ascend Learning LLC, Initial Term Loan (Second Lien), (CME Term SOFR 1 Month + 5.75%), 10.70%, 12/10/2029 (aa) |
|
|
458 |
|
|
|
442 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Software — continued |
|
|
|
|
|
|
|
|
| athenahealth Group, Inc., Initial Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.10%, 02/15/2029 (u) (aa) |
|
|
15,550 |
|
|
|
15,436 |
|
| Azalea TopCo, Inc., Initial Term Loan (2024) (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.35%, 04/30/2031 (aa) |
|
|
811 |
|
|
|
809 |
|
| Boxer Parent Co. Inc., 2031 New Dollar Term Loan, (CME Term SOFR 3 Month + 3.75%), 9.01%, 07/30/2031 (aa) |
|
|
3,371 |
|
|
|
3,362 |
|
| Boxer Parent Co. Inc., Initial Term Loan (Second Lien), (CME Term SOFR 3 Month + 5.75%), 11.01%, 07/30/2032 (aa) |
|
|
1,366 |
|
|
|
1,344 |
|
| Central Parent LLC, 2024 Refinancing Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 7.85%, 07/06/2029 (aa) |
|
|
4,604 |
|
|
|
4,551 |
|
| Cloud Software Group, Inc., Fourth Amendment Incremental Term Loan, (CME Term SOFR 3 Month + 4.00%), 8.60%, 03/30/2029 (aa) |
|
|
5,934 |
|
|
|
5,904 |
|
| Cloud Software Group, Inc., Third Amendment Term Loan (First Lien), (CME Term SOFR 3 Month + 4.50%), 9.10%, 03/21/2031 (aa) |
|
|
2,383 |
|
|
|
2,388 |
|
| Cotiviti, Inc., Initial Fixed Rate Term Loan, 7.63%, 05/01/2031 |
|
|
17,063 |
|
|
|
17,127 |
|
| Cotiviti, Inc., Initial Floating Rate Term Loan, (CME Term SOFR 1 Month + 3.25%), 8.45%, 05/01/2031 (aa) |
|
|
3,990 |
|
|
|
3,985 |
|
| Ellucian Holdings, Inc., Term B-1 Loan (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.45%, 10/09/2029 (u) (aa) |
|
|
919 |
|
|
|
921 |
|
| Genesys Cloud Services Holdings I LLC, 2024 Incremental Dollar Term Loan, (CME Term SOFR 1 Month + 3.75%), 8.71%, 12/01/2027 (aa) |
|
|
805 |
|
|
|
805 |
|
| Mitchell International, Inc., Initial Term Loan (First Lien), (CME Term SOFR 1 Month + 3.25%), 8.10%, 06/17/2031 (aa) |
|
|
3,802 |
|
|
|
3,743 |
|
| Modena Buyer LLC, Initial Term Loan, (CME Term SOFR 3 Month + 5.00%), 9.10%, 07/01/2031 (aa) |
|
|
2,241 |
|
|
|
2,141 |
|
| Planview Parent, Inc., 2024-A Incremental Loan (Second Lien), (CME Term SOFR 3 Month + 6.00%), 10.60%, 12/18/2028 (aa) |
|
|
197 |
|
|
|
192 |
|
| Polaris Newco LLC, Dollar Term Loan (First Lien), (CME Term SOFR 3 Month + 4.00%), 9.51%, 06/02/2028 (aa) |
|
|
1,842 |
|
|
|
1,810 |
|
| Project Alpha Intermediate Holding, Inc., 2024 Refinancing Term Loan, (CME Term SOFR 3 Month + 3.75%), 9.00%, 10/28/2030 (aa) |
|
|
591 |
|
|
|
592 |
|
| Project Boost Purchaser LLC, Initial Term Loan (First Lien), (CME Term SOFR 3 Month + 3.50%), 8.79%, 07/16/2031 (aa) |
|
|
2,546 |
|
|
|
2,544 |
|
| RealPage, Inc., Initial Loan (Second Lien), (CME Term SOFR 1 Month + 6.50%), 11.46%, 04/23/2029 (aa) |
|
|
338 |
|
|
|
324 |
|
| RealPage, Inc., Initial Term Loan (First Lien), (CME Term SOFR 1 Month + 3.00%), 7.96%, 04/24/2028 (aa) |
|
|
2,891 |
|
|
|
2,805 |
|
| Skillsoft Finance II, Inc., Initial Term Loan, (CME Term SOFR 1 Month + 5.00%), 10.22%, 07/14/2028 (aa) |
|
|
1,821 |
|
|
|
1,473 |
|
| UKG Inc., 2024 Refinancing Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 8.55%, 02/10/2031 (aa) |
|
|
1,821 |
|
|
|
1,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
76,536 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
98,351 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 0.0% (g) |
|
|
|
|
|
|
|
|
| Electric — 0.0% (g) |
|
|
|
|
|
|
|
|
| Calpine Corp., 2024 Term Loan (05/15), (CME Term SOFR 1 Month + 2.00%), 6.85%, 12/16/2027 (aa) |
|
|
830 |
|
|
|
826 |
|
| Heritage Power LLC, Term Loan, (CME Term SOFR 3 Month + 7.00%), 11.60%, 07/20/2028 (aa) |
|
|
158 |
|
|
|
156 |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Electric — continued |
|
|
|
|
|
|
|
|
| Nautilus Power LLC, Term Loan, (Term SOFR 3 Month + 0.00%), 10.85%, 11/16/2026 (u) |
|
|
624 |
|
|
|
621 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
1,603 |
|
|
|
|
|
|
|
|
|
|
Total Loan Assignments
(Cost $429,485) |
|
|
|
|
|
|
422,856 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments — 2.4% |
|
|
|
|
|
|
|
|
| Commercial Papers — 0.1% |
|
|
|
|
|
|
|
|
| CommonSpirit Health, Series B, 5.73%, 11/14/2024 (n) |
|
|
1,093 |
|
|
|
1,086 |
|
| Congara Brands, Inc., 5.67%, 10/02/2024 (e) (n) |
|
|
4,411 |
|
|
|
4,410 |
|
|
|
|
|
|
|
|
|
|
| Total Commercial Papers |
|
|
|
|
|
|
5,496 |
|
|
|
|
|
|
|
|
|
|
| Corporate Bond — 0.0% (g) |
|
|
|
|
|
|
|
|
| Pacific Gas and Electric Co., (SOFR Compounded Index + 0.95%), 5.91%, 09/04/2025 (n) (aa) |
|
|
488 |
|
|
|
488 |
|
|
|
|
|
|
|
|
|
|
| Time Deposits — 2.2% |
|
|
|
|
|
|
|
|
| Australia & New Zealand Banking Group Ltd., 4.18%, 10/01/2024 |
|
|
839 |
|
|
|
839 |
|
| Citibank NA, |
|
|
|
|
|
|
|
|
| 2.33%, 10/01/2024 |
|
EUR |
35,476 |
|
|
|
39,489 |
|
| 4.18%, 10/01/2024 |
|
|
81,811 |
|
|
|
81,811 |
|
| Royal Bank of Canada, |
|
|
|
|
|
|
|
|
| 3.03%, 10/01/2024 |
|
CAD |
1 |
|
|
|
1 |
|
| 3.91%, 10/01/2024 |
|
GBP |
1,351 |
|
|
|
1,807 |
|
| 4.18%, 10/01/2024 |
|
|
28,956 |
|
|
|
28,956 |
|
| Skandinaviska Enskilda Banken AB, 0.15%, 10/01/2024 |
|
CHF |
1 |
|
|
|
1 |
|
| Sumitomo Mitsui Banking Corp., 0.01%, 10/01/2024 |
|
JPY |
6,896 |
|
|
|
48 |
|
| Sumitomo Mitsui Trust Bank Ltd., 4.18%, 10/01/2024 |
|
|
72,497 |
|
|
|
72,497 |
|
|
|
|
|
|
|
|
|
|
| Total Time Deposits |
|
|
|
|
|
|
225,449 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligations — 0.1% |
|
|
|
|
|
|
|
|
| U.S. Treasury Bills, |
|
|
|
|
|
|
|
|
| 4.64%, 11/29/2024 (n) |
|
|
700 |
|
|
|
695 |
|
| 4.78%, 11/05/2024 (n) |
|
|
696 |
|
|
|
693 |
|
| 5.17%, 10/15/2024 (n) |
|
|
925 |
|
|
|
923 |
|
| 5.23%, 10/03/2024 (n) |
|
|
3,716 |
|
|
|
3,715 |
|
| 5.30%, 10/29/2024 (n) (ii) |
|
|
83 |
|
|
|
83 |
|
| 5.32%, 10/08/2024 (n) |
|
|
164 |
|
|
|
164 |
|
|
|
|
|
|
|
|
|
|
| Total U.S. Treasury Obligations |
|
|
|
|
|
|
6,273 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $237,705) |
|
|
|
|
|
|
237,706 |
|
|
|
|
|
|
|
|
|
|
| Total Investments — 98.8% (Cost
- $9,644,098)* |
|
|
|
|
|
|
9,925,641 |
|
| Other Assets in Excess of Liabilities — 1.2% |
|
|
|
|
|
|
125,056 |
|
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
10,050,697 |
|
|
|
|
|
|
|
|
|
|
Percentages indicated are based on net assets.
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euro Schatz |
|
|
1,303 |
|
|
|
12/2024 |
|
|
|
EUR |
|
|
|
155,398 |
|
|
|
52 |
|
| U.S. Treasury 2 Year Note |
|
|
655 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
136,243 |
|
|
|
156 |
|
| U.S. Treasury 5 Year Note |
|
|
317 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
34,764 |
|
|
|
69 |
|
| U.S. Treasury 10 Year Note |
|
|
433 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
49,519 |
|
|
|
(36 |
) |
| U.S. Treasury Long Bond |
|
|
52 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
6,473 |
|
|
|
(15 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
226 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Euro BOBL |
|
|
(104 |
) |
|
|
12/2024 |
|
|
|
EUR |
|
|
|
(13,806 |
) |
|
|
(92 |
) |
| Euro Bund |
|
|
(152 |
) |
|
|
12/2024 |
|
|
|
EUR |
|
|
|
(22,665 |
) |
|
|
(164 |
) |
| Euro Buxl |
|
|
(39 |
) |
|
|
12/2024 |
|
|
|
EUR |
|
|
|
(5,889 |
) |
|
|
(27 |
) |
| U.S. Treasury 5 Year Note |
|
|
(205 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(22,551 |
) |
|
|
25 |
|
| U.S. Treasury Long Bond |
|
|
(45 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(5,612 |
) |
|
|
24 |
|
| U.S. Treasury Ultra Bond |
|
|
(31 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(4,153 |
) |
|
|
27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(207 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| BRL |
|
|
4,358 |
|
|
USD |
|
|
799 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
1 |
|
| BRL |
|
|
797 |
|
|
USD |
|
|
146 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
— |
(h) |
| USD |
|
|
631 |
|
|
EUR |
|
|
564 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
3 |
|
| USD |
|
|
15,589 |
|
|
EUR |
|
|
13,991 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
15 |
|
| USD |
|
|
14,987 |
|
|
EUR |
|
|
13,435 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
32 |
|
| USD |
|
|
2,587 |
|
|
EUR |
|
|
2,314 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
11 |
|
| USD |
|
|
3,792 |
|
|
EUR |
|
|
3,401 |
|
|
Barclays Bank plc |
|
10/02/2024 |
|
|
6 |
|
| USD |
|
|
1,391 |
|
|
EUR |
|
|
1,248 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
1 |
|
| USD |
|
|
63,132 |
|
|
EUR |
|
|
56,647 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
76 |
|
| TRY |
|
|
261,989 |
|
|
USD |
|
|
7,493 |
|
|
Barclays Bank plc |
|
10/16/2024 |
|
|
53 |
|
| EUR |
|
|
17,400 |
|
|
USD |
|
|
19,056 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
326 |
|
| EUR |
|
|
5,239 |
|
|
USD |
|
|
5,736 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
100 |
|
| USD |
|
|
5,587 |
|
|
EUR |
|
|
4,989 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
30 |
|
| USD |
|
|
4,803 |
|
|
EUR |
|
|
4,296 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
18 |
|
| EUR |
|
|
5,300 |
|
|
USD |
|
|
5,802 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
101 |
|
| EUR |
|
|
27,500 |
|
|
USD |
|
|
30,603 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
29 |
|
| USD |
|
|
5,075 |
|
|
EUR |
|
|
4,539 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
19 |
|
| USD |
|
|
4,173 |
|
|
EUR |
|
|
3,743 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
4 |
|
| GBP |
|
|
7,400 |
|
|
USD |
|
|
9,645 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
248 |
|
| USD |
|
|
401 |
|
|
CZK |
|
|
9,051 |
|
|
Bank of America, NA |
|
10/18/2024 |
|
|
1 |
|
| CZK |
|
|
4,007 |
|
|
USD |
|
|
171 |
|
|
Barclays Bank plc |
|
10/18/2024 |
|
|
6 |
|
| CZK |
|
|
6,288 |
|
|
USD |
|
|
269 |
|
|
Barclays Bank plc |
|
10/18/2024 |
|
|
8 |
|
| INR |
|
|
600 |
|
|
USD |
|
|
7 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
— |
(h) |
| INR |
|
|
557 |
|
|
USD |
|
|
7 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
— |
(h) |
| INR |
|
|
591 |
|
|
USD |
|
|
7 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
— |
(h) |
| INR |
|
|
591 |
|
|
USD |
|
|
7 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
— |
(h) |
| INR |
|
|
288 |
|
|
USD |
|
|
3 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
— |
(h) |
| INR |
|
|
872 |
|
|
USD |
|
|
10 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
— |
(h) |
| BRL |
|
|
40,647 |
|
|
USD |
|
|
7,239 |
|
|
Citibank, NA |
|
11/04/2024 |
|
|
192 |
|
| USD |
|
|
136,999 |
|
|
EUR |
|
|
122,550 |
|
|
Barclays Bank plc |
|
11/04/2024 |
|
|
381 |
|
| USD |
|
|
2,581 |
|
|
EUR |
|
|
2,314 |
|
|
Goldman Sachs International |
|
11/05/2024 |
|
|
1 |
|
| USD |
|
|
2,634 |
|
|
GBP |
|
|
1,968 |
|
|
HSBC Bank plc |
|
11/05/2024 |
|
|
3 |
|
| EGP |
|
|
151,678 |
|
|
USD |
|
|
3,048 |
|
|
Citibank, NA |
|
11/12/2024 |
|
|
40 |
|
| TRY |
|
|
27,169 |
|
|
USD |
|
|
744 |
|
|
Barclays Bank plc |
|
11/27/2024 |
|
|
2 |
|
| EGP |
|
|
251,500 |
|
|
USD |
|
|
5,000 |
|
|
Bank of America, NA |
|
12/03/2024 |
|
|
76 |
|
| EGP |
|
|
90,037 |
|
|
USD |
|
|
1,790 |
|
|
Citibank, NA |
|
12/03/2024 |
|
|
27 |
|
| EGP |
|
|
266,325 |
|
|
USD |
|
|
5,300 |
|
|
Morgan Stanley & Co. |
|
12/03/2024 |
|
|
75 |
|
| TRY |
|
|
93,039 |
|
|
USD |
|
|
2,480 |
|
|
Barclays Bank plc |
|
12/13/2024 |
|
|
33 |
|
| EGP |
|
|
132,902 |
|
|
USD |
|
|
2,645 |
|
|
Citibank, NA |
|
12/18/2024 |
|
|
18 |
|
| EGP |
|
|
84,781 |
|
|
USD |
|
|
1,679 |
|
|
Citibank, NA |
|
12/18/2024 |
|
|
20 |
|
| USD |
|
|
45 |
|
|
EUR |
|
|
40 |
|
|
BNP Paribas |
|
12/18/2024 |
|
|
— |
(h) |
| USD |
|
|
56 |
|
|
EUR |
|
|
50 |
|
|
Morgan Stanley & Co. |
|
12/18/2024 |
|
|
— |
(h) |
| USD |
|
|
34,987 |
|
|
MXN |
|
|
685,476 |
|
|
Barclays Bank plc |
|
12/18/2024 |
|
|
593 |
|
| USD |
|
|
1,583 |
|
|
MXN |
|
|
31,135 |
|
|
Morgan Stanley & Co. |
|
12/18/2024 |
|
|
21 |
|
| USD |
|
|
1,964 |
|
|
MXN |
|
|
38,503 |
|
|
Morgan Stanley & Co. |
|
12/18/2024 |
|
|
32 |
|
| TRY |
|
|
64,477 |
|
|
USD |
|
|
1,717 |
|
|
Barclays Bank plc |
|
12/20/2024 |
|
|
11 |
|
| EGP |
|
|
46,781 |
|
|
USD |
|
|
920 |
|
|
Citibank, NA |
|
12/26/2024 |
|
|
14 |
|
| TRY |
|
|
206,992 |
|
|
USD |
|
|
5,439 |
|
|
Barclays Bank plc |
|
01/06/2025 |
|
|
14 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation |
|
|
|
|
2,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| USD |
|
|
928 |
|
|
BRL |
|
|
5,155 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(18 |
) |
| USD |
|
|
18,029 |
|
|
EUR |
|
|
16,348 |
|
|
Bank of America, NA |
|
10/02/2024 |
|
|
(169 |
) |
| EUR |
|
|
122,550 |
|
|
USD |
|
|
136,813 |
|
|
Barclays Bank plc |
|
10/02/2024 |
|
|
(396 |
) |
| USD |
|
|
3,379 |
|
|
EUR |
|
|
3,039 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(3 |
) |
| USD |
|
|
14,255 |
|
|
EUR |
|
|
12,834 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(31 |
) |
| USD |
|
|
1,156 |
|
|
EUR |
|
|
1,043 |
|
|
Citibank, NA |
|
10/02/2024 |
|
|
(5 |
) |
| EUR |
|
|
2,314 |
|
|
USD |
|
|
2,577 |
|
|
Goldman Sachs International |
|
10/02/2024 |
|
|
(1 |
) |
| EUR |
|
|
50 |
|
|
USD |
|
|
56 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(— |
)(h) |
| USD |
|
|
183 |
|
|
GBP |
|
|
139 |
|
|
Barclays Bank plc |
|
10/02/2024 |
|
|
(2 |
) |
| GBP |
|
|
1,968 |
|
|
USD |
|
|
2,634 |
|
|
HSBC Bank plc |
|
10/02/2024 |
|
|
(3 |
) |
| USD |
|
|
202 |
|
|
GBP |
|
|
154 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(3 |
) |
| USD |
|
|
2,598 |
|
|
GBP |
|
|
1,968 |
|
|
Morgan Stanley & Co. |
|
10/02/2024 |
|
|
(33 |
) |
| USD |
|
|
2,605 |
|
|
PEN |
|
|
9,940 |
|
|
Citibank, NA |
|
10/11/2024 |
|
|
(76 |
) |
| USD |
|
|
1,766 |
|
|
PEN |
|
|
6,647 |
|
|
Bank of America, NA |
|
10/16/2024 |
|
|
(27 |
) |
| USD |
|
|
4,152 |
|
|
EUR |
|
|
3,783 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(61 |
) |
| USD |
|
|
3,671 |
|
|
EUR |
|
|
3,313 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(19 |
) |
| USD |
|
|
13,044 |
|
|
EUR |
|
|
11,925 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(239 |
) |
| USD |
|
|
236,878 |
|
|
EUR |
|
|
217,676 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(5,587 |
) |
| USD |
|
|
3,294 |
|
|
EUR |
|
|
3,025 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(76 |
) |
| USD |
|
|
5,330 |
|
|
EUR |
|
|
4,800 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(17 |
) |
| EUR |
|
|
14,300 |
|
|
USD |
|
|
15,970 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(41 |
) |
| USD |
|
|
236,889 |
|
|
EUR |
|
|
217,739 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(5,646 |
) |
| USD |
|
|
236,788 |
|
|
EUR |
|
|
217,613 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(5,606 |
) |
| USD |
|
|
4,798 |
|
|
EUR |
|
|
4,406 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(110 |
) |
| USD |
|
|
4,259 |
|
|
EUR |
|
|
3,917 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(104 |
) |
| USD |
|
|
252,515 |
|
|
EUR |
|
|
232,107 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(6,024 |
) |
| USD |
|
|
4,967 |
|
|
EUR |
|
|
4,604 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(162 |
) |
| USD |
|
|
3,191 |
|
|
EUR |
|
|
2,903 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(43 |
) |
| USD |
|
|
5,800 |
|
|
EUR |
|
|
5,300 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(104 |
) |
| USD |
|
|
3,334 |
|
|
EUR |
|
|
3,043 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(56 |
) |
| USD |
|
|
236,139 |
|
|
EUR |
|
|
217,047 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(5,625 |
) |
| USD |
|
|
3,415 |
|
|
EUR |
|
|
3,126 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(67 |
) |
| USD |
|
|
7,043 |
|
|
EUR |
|
|
6,424 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(113 |
) |
| USD |
|
|
10,863 |
|
|
EUR |
|
|
9,980 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(253 |
) |
| USD |
|
|
236,077 |
|
|
EUR |
|
|
216,984 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(5,617 |
) |
| USD |
|
|
5,618 |
|
|
GBP |
|
|
4,250 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(64 |
) |
| USD |
|
|
4,274 |
|
|
GBP |
|
|
3,250 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(71 |
) |
| USD |
|
|
3,212 |
|
|
GBP |
|
|
2,461 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(78 |
) |
| USD |
|
|
3,347 |
|
|
GBP |
|
|
2,504 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(— |
)(h) |
| USD |
|
|
4,306 |
|
|
GBP |
|
|
3,300 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(106 |
) |
| USD |
|
|
2,553 |
|
|
GBP |
|
|
1,975 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(87 |
) |
| USD |
|
|
6,748 |
|
|
GBP |
|
|
5,250 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(271 |
) |
| USD |
|
|
251,203 |
|
|
GBP |
|
|
195,802 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(10,573 |
) |
| USD |
|
|
3,204 |
|
|
GBP |
|
|
2,500 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(139 |
) |
| USD |
|
|
5,341 |
|
|
GBP |
|
|
4,000 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(7 |
) |
| USD |
|
|
3,580 |
|
|
GBP |
|
|
2,766 |
|
|
Citibank, NA |
|
10/17/2024 |
|
|
(118 |
) |
| USD |
|
|
248 |
|
|
CZK |
|
|
5,756 |
|
|
Morgan Stanley & Co. |
|
10/18/2024 |
|
|
(6 |
) |
| INR |
|
|
908 |
|
|
USD |
|
|
11 |
|
|
Citibank, NA |
|
10/24/2024 |
|
|
(— |
)(h) |
| NGN |
|
|
377,428 |
|
|
USD |
|
|
225 |
|
|
Citibank, NA |
|
10/29/2024 |
|
|
(4 |
) |
| NGN |
|
|
950,913 |
|
|
USD |
|
|
564 |
|
|
Bank of America, NA |
|
10/31/2024 |
|
|
(8 |
) |
| USD |
|
|
799 |
|
|
BRL |
|
|
4,373 |
|
|
Citibank, NA |
|
11/04/2024 |
|
|
(1 |
) |
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Forward foreign currency exchange contracts outstanding as of September 30, 2024 (continued):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| NGN |
|
|
1,313,305 |
|
|
USD |
|
|
785 |
|
|
Bank of America, NA |
|
11/18/2024 |
|
|
(26 |
) |
| NGN |
|
|
1,462,720 |
|
|
USD |
|
|
896 |
|
|
Bank of America, NA |
|
11/18/2024 |
|
|
(50 |
) |
| KZT |
|
|
425,700 |
|
|
USD |
|
|
879 |
|
|
Barclays Bank plc |
|
11/19/2024 |
|
|
(4 |
) |
| KZT |
|
|
360,307 |
|
|
USD |
|
|
743 |
|
|
Citibank, NA |
|
11/19/2024 |
|
|
(2 |
) |
| TRY |
|
|
105,765 |
|
|
USD |
|
|
2,909 |
|
|
Barclays Bank plc |
|
11/29/2024 |
|
|
(9 |
) |
| USD |
|
|
95,116 |
|
|
EUR |
|
|
85,193 |
|
|
UBS AG LONDON |
|
12/18/2024 |
|
|
(19 |
) |
| USD |
|
|
222 |
|
|
GBP |
|
|
168 |
|
|
Morgan Stanley & Co. |
|
12/18/2024 |
|
|
(3 |
) |
| USD |
|
|
43 |
|
|
GBP |
|
|
33 |
|
|
UBS AG LONDON |
|
12/18/2024 |
|
|
(1 |
) |
| USD |
|
|
18,188 |
|
|
GBP |
|
|
13,861 |
|
|
UBS AG LONDON |
|
12/18/2024 |
|
|
(340 |
) |
| USD |
|
|
2,007 |
|
|
MXN |
|
|
40,288 |
|
|
Barclays Bank plc |
|
12/18/2024 |
|
|
(14 |
) |
| USD |
|
|
435 |
|
|
MXN |
|
|
8,725 |
|
|
Citibank, NA |
|
12/18/2024 |
|
|
(3 |
) |
| KZT |
|
|
357,008 |
|
|
USD |
|
|
733 |
|
|
Citibank, NA |
|
12/24/2024 |
|
|
(6 |
) |
| KZT |
|
|
376,398 |
|
|
USD |
|
|
774 |
|
|
Citibank, NA |
|
12/31/2024 |
|
|
(9 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized depreciation |
|
|
|
|
(48,356 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized appreciation (depreciation) |
|
|
|
|
(45,715 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Interest Rate Swap contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FLOATING RATE INDEX (a) |
|
FIXED RATE |
|
|
PAY/RECEIVE
FLOATING
RATE |
|
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| Brazil Cetip DI Interbank Deposite 1 Year |
|
|
0.00% maturity |
|
|
|
Receive |
|
|
|
01/04/2027 |
|
|
BRL |
50,600 |
|
|
|
— |
|
|
|
193 |
|
|
|
193 |
|
| Brazil Cetip DI Interbank Deposite 1 Year |
|
|
0.00% maturity |
|
|
|
Pay |
|
|
|
01/04/2027 |
|
|
BRL |
85,200 |
|
|
|
— |
|
|
|
(887 |
) |
|
|
(887 |
) |
| Brazil Cetip DI Interbank Deposite 1 Year |
|
|
0.00% maturity |
|
|
|
Pay |
|
|
|
01/04/2027 |
|
|
BRL |
45,000 |
|
|
|
— |
|
|
|
(104 |
) |
|
|
(104 |
) |
| Brazil Cetip DI Interbank Deposite 1 Year |
|
|
0.00% maturity |
|
|
|
Pay |
|
|
|
01/04/2027 |
|
|
BRL |
3,500 |
|
|
|
— |
|
|
|
(8 |
) |
|
|
(8 |
) |
| Czech Interbank Offered Rates 6 Month |
|
|
3.53% annually |
|
|
|
Pay |
|
|
|
07/15/2029 |
|
|
CZK |
241,300 |
|
|
|
112 |
|
|
|
60 |
|
|
|
172 |
|
| ICE LIBOR EUR 6 Month |
|
|
2.50% annually |
|
|
|
Pay |
|
|
|
03/19/2030 |
|
|
EUR |
10,000 |
|
|
|
(123 |
) |
|
|
(72 |
) |
|
|
(195 |
) |
| ICE LIBOR EUR 6 Month |
|
|
2.50% annually |
|
|
|
Pay |
|
|
|
03/19/2035 |
|
|
EUR |
16,561 |
|
|
|
183 |
|
|
|
113 |
|
|
|
296 |
|
| ICE LIBOR EUR 6 Month |
|
|
2.25% annually |
|
|
|
Receive |
|
|
|
03/19/2055 |
|
|
EUR |
3,905 |
|
|
|
(24 |
) |
|
|
19 |
|
|
|
(5 |
) |
| SONIA Interest Rate Benchmark |
|
|
4.00% annually |
|
|
|
Pay |
|
|
|
09/18/2029 |
|
|
GBP |
35,650 |
|
|
|
827 |
|
|
|
(53 |
) |
|
|
774 |
|
| United States SOFR |
|
|
3.75% annually |
|
|
|
Receive |
|
|
|
06/20/2029 |
|
|
USD |
2,100 |
|
|
|
5 |
|
|
|
(39 |
) |
|
|
(34 |
) |
| United States SOFR |
|
|
3.75% annually |
|
|
|
Pay |
|
|
|
12/18/2029 |
|
|
USD |
21,100 |
|
|
|
45 |
|
|
|
485 |
|
|
|
530 |
|
| United States SOFR |
|
|
3.75% annually |
|
|
|
Receive |
|
|
|
12/18/2029 |
|
|
USD |
43,600 |
|
|
|
1,082 |
|
|
|
14 |
|
|
|
1,096 |
|
| United States SOFR |
|
|
3.75% annually |
|
|
|
Pay |
|
|
|
06/20/2034 |
|
|
USD |
1,300 |
|
|
|
12 |
|
|
|
28 |
|
|
|
40 |
|
| United States SOFR |
|
|
3.75% annually |
|
|
|
Pay |
|
|
|
06/20/2034 |
|
|
USD |
29,800 |
|
|
|
(311 |
) |
|
|
1,213 |
|
|
|
902 |
|
| United States SOFR |
|
|
3.75% annually |
|
|
|
Receive |
|
|
|
12/18/2034 |
|
|
USD |
7,100 |
|
|
|
294 |
|
|
|
(28 |
) |
|
|
266 |
|
| United States SOFR |
|
|
3.75% annually |
|
|
|
Receive |
|
|
|
06/20/2039 |
|
|
USD |
700 |
|
|
|
39 |
|
|
|
(62 |
) |
|
|
(23 |
) |
| United States SOFR |
|
|
3.50% annually |
|
|
|
Pay |
|
|
|
06/20/2054 |
|
|
USD |
18,600 |
|
|
|
(374 |
) |
|
|
888 |
|
|
|
514 |
|
| United States SOFR |
|
|
3.50% annually |
|
|
|
Receive |
|
|
|
12/18/2054 |
|
|
USD |
5,300 |
|
|
|
(163 |
) |
|
|
(35 |
) |
|
|
(198 |
) |
| United States SOFR |
|
|
3.50% annually |
|
|
|
Receive |
|
|
|
12/18/2054 |
|
|
USD |
6,700 |
|
|
|
80 |
|
|
|
(331 |
) |
|
|
(251 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,684 |
|
|
|
1,394 |
|
|
|
3,078 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (a) |
Value of floating rate index as of September 30, 2024 was as follows: |
|
|
|
|
|
| FLOATING RATE INDEX |
|
|
|
| Brazil Cetip DI Interbank Deposite 1 Year |
|
|
10.65% |
|
| Czech Interbank Offered Rates 6 Month |
|
|
3.94% |
|
| ICE LIBOR EUR 6 Month |
|
|
3.11% |
|
| SONIA Interest Rate Benchmark |
|
|
4.95% |
|
| United States SOFR |
|
|
4.96% |
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
OTC Credit Default Swaps contracts outstanding — sell protection (1) as of September 30,
2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REFERENCE OBLIGATION/
INDEX |
|
FINANCING
RATE
RECEIVED
BY THE
FUND(%) |
|
|
PAYMENT
FREQUENCY |
|
|
COUNTERPARTY |
|
MATURITY
DATE |
|
|
IMPLIED
CREDIT
SPREAD
(%) (3) |
|
|
NOTIONAL
AMOUNT (4) |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) (5) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| State of Israel, 2.88%, 03/16/2026 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Citibank, NA |
|
|
06/20/2025 |
|
|
|
0.89 |
|
|
USD |
200 |
|
|
|
— |
(h) |
|
|
(—) |
(h) |
|
|
— |
(h) |
| CMA CGM SA, 7.50%, 01/15/2026 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Goldman Sachs |
|
|
06/20/2026 |
|
|
|
0.99 |
|
|
EUR |
10 |
|
|
|
1 |
|
|
|
(—) |
(h) |
|
|
1 |
|
| Adler Real Estate, 3.00%, 04/27/2026 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Goldman Sachs |
|
|
06/20/2026 |
|
|
|
5.50 |
|
|
EUR |
100 |
|
|
|
(3 |
) |
|
|
3 |
|
|
|
— |
(h) |
| CMA CGM SA, 7.50%, 01/15/2026 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Goldman Sachs |
|
|
06/20/2027 |
|
|
|
1.33 |
|
|
EUR |
70 |
|
|
|
2 |
|
|
|
5 |
|
|
|
7 |
|
| CMA CGM SA, 7.50%, 01/15/2026 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Barclays Bank plc |
|
|
06/20/2027 |
|
|
|
1.33 |
|
|
EUR |
49 |
|
|
|
2 |
|
|
|
4 |
|
|
|
6 |
|
| State of Israel, 2.88%, 03/16/2026 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Citibank, NA |
|
|
06/20/2027 |
|
|
|
1.20 |
|
|
USD |
4,600 |
|
|
|
(26 |
) |
|
|
4 |
|
|
|
(22 |
) |
| Adler Real Estate AG, 2.13%, 02/06/2024 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Bank of America, NA |
|
|
12/20/2027 |
|
|
|
4.93 |
|
|
EUR |
200 |
|
|
|
(50 |
) |
|
|
50 |
|
|
|
— |
(h) |
| Forvia SA, Reg. S, 3.13%, 06/15/2026 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Barclays Bank plc |
|
|
06/20/2029 |
|
|
|
3.30 |
|
|
EUR |
127 |
|
|
|
16 |
|
|
|
(6 |
) |
|
|
10 |
|
| Forvia SA, Reg. S, 3.13%, 06/15/2026 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Goldman Sachs |
|
|
06/20/2029 |
|
|
|
3.30 |
|
|
EUR |
100 |
|
|
|
12 |
|
|
|
(4 |
) |
|
|
8 |
|
| Intrum AB, 4.88%, 08/15/2025 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Goldman Sachs |
|
|
06/20/2029 |
|
|
|
29.07 |
|
|
EUR |
59 |
|
|
|
(16 |
) |
|
|
2 |
|
|
|
(14 |
) |
| Intrum AB, 4.88%, 08/15/2025 |
|
|
5.00 |
|
|
|
quarterly |
|
|
Goldman Sachs |
|
|
06/20/2029 |
|
|
|
29.07 |
|
|
EUR |
39 |
|
|
|
(9 |
) |
|
|
(—) |
(h) |
|
|
(9 |
) |
| China Government International Bond, 7.50%, 10/28/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Morgan Stanley Capital Service |
|
|
06/20/2029 |
|
|
|
0.55 |
|
|
USD |
1,100 |
|
|
|
20 |
|
|
|
1 |
|
|
|
21 |
|
| China Government International Bond, 7.50%, 10/28/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Morgan Stanley Capital Service |
|
|
12/20/2029 |
|
|
|
0.60 |
|
|
USD |
1,100 |
|
|
|
20 |
|
|
|
1 |
|
|
|
21 |
|
| Saudi International Bond, 4.75%, 01/16/2030 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Barclays Bank Plc Wholesale |
|
|
12/20/2029 |
|
|
|
0.62 |
|
|
USD |
13,100 |
|
|
|
256 |
|
|
|
(17 |
) |
|
|
239 |
|
| China Government International Bond, 7.50%, 10/28/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Morgan Stanley Capital Service |
|
|
12/20/2029 |
|
|
|
0.60 |
|
|
USD |
8,300 |
|
|
|
153 |
|
|
|
8 |
|
|
|
161 |
|
| Saudi International Bond, 4.75%, 01/16/2030 |
|
|
1.00 |
|
|
|
quarterly |
|
|
Morgan Stanley Capital Service |
|
|
12/20/2029 |
|
|
|
0.62 |
|
|
USD |
8,300 |
|
|
|
160 |
|
|
|
(9 |
) |
|
|
151 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
538 |
|
|
|
42 |
|
|
|
580 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
OTC Credit Default Swaps contracts outstanding — buy protection (2) as of September 30,
2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REFERENCE
OBLIGATION/
INDEX |
|
FINANCING
RATE
PAID
BY THE
FUND(%) |
|
|
PAYMENT
FREQUENCY |
|
|
COUNTERPARTY |
|
|
MATURITY
DATE |
|
|
IMPLIED
CREDIT
SPREAD (%) (3) |
|
|
NOTIONAL
AMOUNT (4) |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) (5) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| Morocco Government International Bond, 3.00%, 12/15/2032 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Barclays Bank
Plc Wholesale |
|
|
|
06/20/2029 |
|
|
|
0.82 |
|
|
USD |
2,700 |
|
|
|
— |
|
|
|
(21 |
) |
|
|
(21 |
) |
| United Mexican States, 4.14%, 03/28/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Morgan Stanley
Capital Service |
|
|
|
06/20/2029 |
|
|
|
1.10 |
|
|
USD |
3,400 |
|
|
|
25 |
|
|
|
(12 |
) |
|
|
13 |
|
| Republic of Panama, 8.88%, 09/30/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Barclays Bank
Plc Wholesale |
|
|
|
06/20/2029 |
|
|
|
1.45 |
|
|
USD |
1,200 |
|
|
|
39 |
|
|
|
(16 |
) |
|
|
23 |
|
| Republic of Panama, 8.88%, 09/30/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Bank of
America, NA |
|
|
|
06/20/2029 |
|
|
|
1.45 |
|
|
USD |
1,100 |
|
|
|
26 |
|
|
|
(5 |
) |
|
|
21 |
|
| China Government International Bond, 7.50%, 10/28/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Morgan Stanley
Capital Service |
|
|
|
06/20/2029 |
|
|
|
0.55 |
|
|
USD |
1,100 |
|
|
|
(21 |
) |
|
|
(—) |
(h) |
|
|
(21 |
) |
| Korea International Bond, 2.75%, 01/19/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Morgan Stanley
Capital Service |
|
|
|
12/20/2029 |
|
|
|
0.32 |
|
|
USD |
900 |
|
|
|
(30 |
) |
|
|
(—) |
(h) |
|
|
(30 |
) |
| Matterhorn Telecom SA, Reg. S, 4.00%, 11/15/2027 |
|
|
5.00 |
|
|
|
quarterly |
|
|
|
Goldman Sachs |
|
|
|
12/20/2029 |
|
|
|
2.28 |
|
|
EUR |
226 |
|
|
|
(31 |
) |
|
|
(2 |
) |
|
|
(33 |
) |
| Korea International Bond, 2.75%, 01/19/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Morgan Stanley
Capital Service |
|
|
|
12/20/2029 |
|
|
|
0.32 |
|
|
USD |
5,000 |
|
|
|
(165 |
) |
|
|
— |
(h) |
|
|
(165 |
) |
| Korea International Bond, 2.75%, 01/19/2027 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Barclays Bank
Plc Wholesale |
|
|
|
12/20/2029 |
|
|
|
0.32 |
|
|
USD |
1,850 |
|
|
|
(61 |
) |
|
|
— |
(h) |
|
|
(61 |
) |
| Saudi Government International Bond, 4.00%, 04/17/2025 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Barclays Bank
Plc Wholesale |
|
|
|
06/20/2034 |
|
|
|
0.93 |
|
|
USD |
8,500 |
|
|
|
(94 |
) |
|
|
42 |
|
|
|
(52 |
) |
| Saudi Government International Bond, 4.00%, 04/17/2025 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
Morgan Stanley
Capital Service |
|
|
|
06/20/2034 |
|
|
|
0.93 |
|
|
USD |
5,200 |
|
|
|
(58 |
) |
|
|
27 |
|
|
|
(31 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(370 |
) |
|
|
13 |
|
|
|
(357 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Centrally Cleared Credit Default Swaps contracts outstanding — sell protection (1) as of
September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REFERENCE
OBLIGATION/
INDEX |
|
FINANCING
RATE
RECEIVED
BY THE
FUND(%) |
|
|
PAYMENT
FREQUENCY |
|
|
MATURITY
DATE |
|
|
IMPLIED
CREDIT
SPREAD
(%) (3) |
|
|
NOTIONAL
AMOUNT (4) |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) (5) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| CDX.EM.40 12/28 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
12/20/2028 |
|
|
|
1.40 |
|
|
|
USD |
|
|
|
2,200 |
|
|
|
(73 |
) |
|
|
40 |
|
|
|
(33 |
) |
| CDX.NA.IG.41-V1 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
12/20/2028 |
|
|
|
0.42 |
|
|
|
USD |
|
|
|
820 |
|
|
|
8 |
|
|
|
11 |
|
|
|
19 |
|
| CDX.EM HY.40 12/28 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
12/20/2028 |
|
|
|
2.45 |
|
|
|
USD |
|
|
|
15,600 |
|
|
|
(1,417 |
) |
|
|
583 |
|
|
|
(834 |
) |
| CDX.NA.HY.42 06/29 |
|
|
5.00 |
|
|
|
quarterly |
|
|
|
06/20/2029 |
|
|
|
3.07 |
|
|
|
USD |
|
|
|
96,295 |
|
|
|
6,107 |
|
|
|
1,432 |
|
|
|
7,539 |
|
| CDX.EM.41 06/29 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
06/20/2029 |
|
|
|
1.53 |
|
|
|
USD |
|
|
|
700 |
|
|
|
(27 |
) |
|
|
11 |
|
|
|
(16 |
) |
| CDX.NA.IG.42-V1 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
06/20/2029 |
|
|
|
0.48 |
|
|
|
USD |
|
|
|
8,726 |
|
|
|
181 |
|
|
|
18 |
|
|
|
199 |
|
| CDX.EM.42 12/29 |
|
|
1.00 |
|
|
|
quarterly |
|
|
|
12/20/2029 |
|
|
|
1.63 |
|
|
|
USD |
|
|
|
800 |
|
|
|
(24 |
) |
|
|
1 |
|
|
|
(23 |
) |
| ITRX EUR XOVER 12/29 |
|
|
5.00 |
|
|
|
quarterly |
|
|
|
12/20/2029 |
|
|
|
3.11 |
|
|
|
EUR |
|
|
|
17,400 |
|
|
|
1,637 |
|
|
|
(4 |
) |
|
|
1,633 |
|
| CDX.NA.HY.43 12/29 |
|
|
5.00 |
|
|
|
quarterly |
|
|
|
12/20/2029 |
|
|
|
3.32 |
|
|
|
USD |
|
|
|
132,500 |
|
|
|
9,747 |
|
|
|
36 |
|
|
|
9,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16,139 |
|
|
|
2,128 |
|
|
|
18,267 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
The Fund, as a seller of credit protection, receives periodic payments and may also receive or pay an upfront
premium from or to the protection buyer, and is obligated to make a contingent payment, upon occurrence of a credit event with respect to an underlying reference obligation, as defined under the terms of individual swap contracts.
|
| (2) |
The Fund, as a buyer of credit protection, is generally obligated to make periodic payments and may also pay or
receive an upfront premium to or from the protection seller, in exchange for the right to receive a contingent payment, upon occurrence of a credit event with respect to an underlying reference obligation, as defined under the terms of individual
swap contracts. |
| (3) |
Implied credit spreads are an indication of the seller’s performance risk, related to the likelihood of a
credit event occurring that would require a seller to make payment to a buyer. Implied credit spreads are used to determine the value of swap contracts and reflect the cost of buying/selling protection, which may include upfront payments made to
enter into the contract. Therefore, higher spreads would indicate a greater likelihood that a seller will be obligated to perform (i.e. make payment) under the swap contract. Increasing values, in absolute terms and relative to notional amounts, are
also indicative of greater performance risk. Implied credit spreads for credit default swaps on credit indices are linked to the weighted average spread across the underlying reference obligations included in a particular index.
|
| (4) |
The notional amount is the maximum amount that a seller of credit protection would be obligated to pay and a
buyer of credit protection would receive, upon occurrence of a credit event. |
| (5) |
Upfront payments and receipts generally represent premiums paid or received at the initiation of the agreement
to compensate the differences between the stated terms of the swap agreement and current market conditions (credit spreads, interest rates and other relevant factors). |
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024
|
|
|
|
|
| CDX |
|
— |
|
Credit Default Swap Index |
| CLO |
|
— |
|
Collateralized Loan Obligations |
| CMT |
|
— |
|
Constant Maturity Treasury |
| EURIBOR |
|
— |
|
Euro Interbank Offered Rate |
| FHLMC |
|
— |
|
Federal Home Loan Mortgage Corp. |
| FNMA |
|
— |
|
Federal National Mortgage Association |
| ICE |
|
— |
|
Intercontinental Exchange |
| LIBOR |
|
— |
|
London Interbank Offered Rate |
| OYJ |
|
— |
|
Public Limited Company |
| PIK |
|
— |
|
Payment in Kind |
| Reg. S |
|
— |
|
Security was purchased pursuant to Regulation S under the Securities Act of 1933, as amended (the “Securities Act”), which exempts from registration securities offered and sold outside of the United States. Such a security
cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act, or pursuant to an exemption from registration. |
| REIT |
|
— |
|
Real Estate Investment Trust |
| SOFR |
|
— |
|
Secured Overnight Financing Rate |
| SUB |
|
— |
|
Step-Up Bond. The interest rate shown is the rate in effect as of September 30, 2024. |
| (a) |
|
— |
|
Non-income producing security. |
| (c) |
|
— |
|
All or a portion of this security is held by the Six Circles Credit Opportunities Fund (Cayman) Ltd., a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands. |
| (d) |
|
— |
|
Defaulted Security. Security has not paid its last interest payment and/or interest is not being accrued. |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may
be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (g) |
|
— |
|
Amount rounds to less than 0.05%. |
| (h) |
|
— |
|
Amount rounds to less than 500 shares or principal/ $500. |
| (n) |
|
— |
|
The rate shown is the effective yield as of September 30, 2024. |
| (o) |
|
— |
|
Loan assignments are presented by obligor. Each Series or loan tranche underlying each obligor may have varying terms. |
| (u) |
|
— |
|
All or a portion of the security is unsettled as of September 30, 2024. Unless otherwise indicated, the coupon rate is undetermined. |
| (v) |
|
— |
|
Security has the ability to pay in kind (“PIK”) or pay income in cash. When applicable, separate rates of such payments are disclosed. |
| (w) |
|
— |
|
All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment. |
| (x) |
|
— |
|
Security is perpetual and thus, does not have a predetermined maturity date. The coupon rate for this security is fixed for a period of time and may be structured to adjust thereafter. The date shown, if applicable, reflects the
next call date. The coupon rate shown is the rate in effect as of September 30, 2024. |
| (z) |
|
— |
|
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
September 30, 2024. |
| (aa) |
|
— |
|
Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of September 30, 2024 |
| (bb) |
|
— |
|
Security has been valued using significant unobservable inputs. |
Six Circles Credit Opportunities Fund
CONSOLIDATED SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS (continued)
|
|
|
|
|
| (cc) |
|
— |
|
Security is valued in good faith at fair value by or under the direction of the Board of Trustees. |
| (ee) |
|
— |
|
Approximately $12,307 of these investments are restricted as collateral for swaps to various brokers. |
| (ff) |
|
— |
|
Approximately $795 of these investments are restricted as collateral for futures to Citigroup Global Markets, Inc. |
| (ii) |
|
— |
|
Approximately $335 of these investments are restricted as collateral for forwards to various brokers. |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| BRL |
|
— |
|
Brazilian Real |
| CAD |
|
— |
|
Canadian Dollar |
| CHF |
|
— |
|
Swiss Franc |
| CZK |
|
— |
|
Czech Koruna |
| EGP |
|
— |
|
Egyptian Pound |
| EUR |
|
— |
|
Euro |
| GBP |
|
— |
|
British Pound |
| INR |
|
— |
|
Indian Rupee |
| JPY |
|
— |
|
Japanese Yen |
| KZT |
|
— |
|
Kazakhstani Tenge |
| MXN |
|
— |
|
Mexican Peso |
| NGN |
|
— |
|
Nigerian Naira |
| PEN |
|
— |
|
Peruvian Nuevo Sol |
| PYG |
|
— |
|
Paraguayan Guarani |
| TRY |
|
— |
|
Turkish Lira |
| USD |
|
— |
|
United States Dollar |
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF
SEPTEMBER 30, 2024 (Unaudited)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Long Positions — 83.0% |
|
|
|
|
|
|
|
|
| Asset-Backed Securities — 12.6% |
|
|
|
|
|
|
|
|
| BBAM European CLO I DAC, Series 1A, Class AR, 4.56%, 07/22/2034 (e) (z) |
|
EUR |
250 |
|
|
|
277 |
|
| Carvana Auto Receivables Trust, |
|
|
|
|
|
|
|
|
| Series 2024-N3, Class A2, 4.84%, 12/10/2027 (e) |
|
|
240 |
|
|
|
240 |
|
| Series 2024-N3, Class A3, 4.53%, 01/10/2029 (e) |
|
|
240 |
|
|
|
240 |
|
| Series 2024-N3, Class B, 4.67%, 12/10/2030 (e) |
|
|
240 |
|
|
|
240 |
|
| Series 2024-N3, Class C, 4.90%, 12/10/2030 (e) |
|
|
240 |
|
|
|
240 |
|
| Dryden Euro CLO, Series 2020-74A, Class A, 4.67%, 04/18/2033 (e) (z) |
|
EUR |
250 |
|
|
|
278 |
|
| GM Financial Automobile Leasing Trust, Series 2024-3, Class A2A, 4.29%, 01/20/2027 (w) |
|
|
120 |
|
|
|
120 |
|
| LCM Ltd., (Cayman Islands), Series 31A, Class AR, (CME Term SOFR 3 Month + 1.28%), 6.56%, 07/20/2034 (e) (aa) |
|
|
250 |
|
|
|
250 |
|
| PK ALIFT Loan Funding 4 LP, (Cayman Islands), Series 2024-2, Class A, 5.05%, 10/15/2039 (e) (w) |
|
|
240 |
|
|
|
240 |
|
| PRET LLC, |
|
|
|
|
|
|
|
|
| Series 2022-RN1, Class A1, SUB, 3.72%, 07/25/2051 (e) |
|
|
365 |
|
|
|
362 |
|
| Series 2022-RN2, Class A1, SUB, 5.00%, 06/25/2052 (e) |
|
|
408 |
|
|
|
403 |
|
| Providus CLO II DAC, Series 2A, Class ARR, 4.34%, 10/15/2038 (e) (z) |
|
EUR |
250 |
|
|
|
278 |
|
|
|
|
|
|
|
|
|
|
Total Asset-Backed Securities
(Cost $3,174) |
|
|
|
|
|
|
3,168 |
|
|
|
|
|
|
|
|
|
|
| Collateralized Mortgage Obligations — 26.4% |
|
|
|
|
|
|
|
|
| FHLMC REMICS, |
|
|
|
|
|
|
|
|
| Series 5010, Class IK, IO, 2.50%, 09/25/2050 |
|
|
62 |
|
|
|
9 |
|
| Series 5010, Class JI, IO, 2.50%, 09/25/2050 |
|
|
224 |
|
|
|
36 |
|
| Series 5013, Class IN, IO, 2.50%, 09/25/2050 |
|
|
76 |
|
|
|
12 |
|
| Series 5059, Class IB, IO, 2.50%, 01/25/2051 |
|
|
706 |
|
|
|
113 |
|
| Series 5069, Class MI, IO, 2.50%, 02/25/2051 |
|
|
566 |
|
|
|
85 |
|
| Series 5071, Class IH, IO, 2.50%, 02/25/2051 |
|
|
623 |
|
|
|
78 |
|
| Series 5274, Class IO, IO, 2.50%, 01/25/2051 |
|
|
624 |
|
|
|
103 |
|
| FHLMC Strips, Series 362, Class C4, IO, 3.00%, 12/15/2047 |
|
|
8,840 |
|
|
|
1,430 |
|
| FNMA REMICS, |
|
|
|
|
|
|
|
|
| Series 2020-89, Class DI, IO, 2.50%, 12/25/2050 |
|
|
1,599 |
|
|
|
242 |
|
| Series 2021-3, Class NI, IO, 2.50%, 02/25/2051 |
|
|
693 |
|
|
|
99 |
|
| GNMA, |
|
|
|
|
|
|
|
|
| Series 2016-H24, Class KF, (CME Term SOFR 1 Year + 0.97%), 6.40%, 11/20/2066 (aa) |
|
|
386 |
|
|
|
387 |
|
| Series 2017-H16, Class F, (CME Term SOFR 1 Year + 0.77%), 5.82%, 08/20/2067 (aa) |
|
|
226 |
|
|
|
227 |
|
| Series 2018-H09, Class FA, (CME Term SOFR 1 Year + 1.22%), 6.47%, 04/20/2068 (aa) |
|
|
470 |
|
|
|
480 |
|
| Series 2021-H05, Class AF, (United States 30 Day Average SOFR + 1.50%), 6.85%, 03/20/2071 (aa) |
|
|
995 |
|
|
|
1,008 |
|
| Series 2022-H11, Class FE, (United States 30 Day Average SOFR + 0.78%), 6.13%, 05/20/2072 (aa) |
|
|
909 |
|
|
|
904 |
|
| Series 2022-H16, Class FB, (United States 30 Day Average SOFR + 0.90%), 6.25%, 08/20/2072 (aa) |
|
|
935 |
|
|
|
936 |
|
| Morgan Stanley Residential Mortgage Loan Trust, Series 2024-NQM3, Class A1, 5.04%, 07/25/2069 (e) (z) |
|
|
240 |
|
|
|
240 |
|
| PRPM, Series 2024-NQM3, Class A1, SUB, 5.23%, 08/25/2069 (e) |
|
|
120 |
|
|
|
120 |
|
| RCKT Mortgage Trust, Series 2024-CES7, Class A1A, SUB, 5.16%, 10/25/2044 (e) |
|
|
120 |
|
|
|
120 |
|
|
|
|
|
|
|
|
|
|
Total Collateralized Mortgage Obligations
(Cost $6,607) |
|
|
|
|
|
|
6,629 |
|
|
|
|
|
|
|
|
|
|
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Mortgage-Backed Securities — 31.7% |
|
|
|
|
|
|
|
|
| FNMA or FHLMC, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| TBA, 4.00%, 10/01/2054 (w) |
|
|
1,450 |
|
|
|
1,391 |
|
| TBA, 4.50%, 10/01/2054 (w) |
|
|
1,000 |
|
|
|
983 |
|
| TBA, 5.50%, 11/01/2050 (w) |
|
|
1,000 |
|
|
|
1,012 |
|
| TBA, 6.00%, 11/01/2054 (w) |
|
|
1,500 |
|
|
|
1,534 |
|
| TBA, 6.50%, 11/01/2041 (w) |
|
|
2,000 |
|
|
|
2,061 |
|
| TBA, 7.00%, 10/01/2054 (w) |
|
|
500 |
|
|
|
519 |
|
| GNMA, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| TBA, 3.00%, 10/01/2054 (w) |
|
|
250 |
|
|
|
228 |
|
| TBA, 4.50%, 10/01/2054 (w) |
|
|
250 |
|
|
|
247 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Cost $7,999) |
|
|
|
|
|
|
7,975 |
|
|
|
|
|
|
|
|
|
|
| Loan Assignments — 12.3% (o) |
|
|
|
|
|
|
|
|
| Basic Materials — 0.8% |
|
|
|
|
|
|
|
|
| Chemicals — 0.4% |
|
|
|
|
|
|
|
|
| Medline Borrower, LP, Refinancing Term Loan, (CME Term SOFR 1 Month + 2.75%), 0.00%, 10/23/2028 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
| Mining — 0.4% |
|
|
|
|
|
|
|
|
| Allied Universal Holdco LLC, Initial U.S. Dollar Term Loan, (CME Term SOFR 1 Month + 3.75%), 8.70%, 05/12/2028 (u) (aa) |
|
|
100 |
|
|
|
99 |
|
|
|
|
|
|
|
|
|
|
| Total Basic Materials |
|
|
|
|
|
|
199 |
|
|
|
|
|
|
|
|
|
|
| Communications — 0.4% |
|
|
|
|
|
|
|
|
| Telecommunications — 0.4% |
|
|
|
|
|
|
|
|
| Iridium Communications Inc., Term B-4 Loan, (CME Term SOFR 1 Month + 2.25%), 7.10%, 09/20/2030 (u) (aa) |
|
|
100 |
|
|
|
98 |
|
|
|
|
|
|
|
|
|
|
| Consumer, Cyclical — 2.4% |
|
|
|
|
|
|
|
|
| Airlines — 0.8% |
|
|
|
|
|
|
|
|
| AAdvantage Loyalty IP Ltd., Initial Term Loan, (CME Term SOFR 3 Month + 4.75%), 10.29%, 04/20/2028 (u) (aa) |
|
|
95 |
|
|
|
98 |
|
| Envestnet, Inc., Term Loan, (CME Term SOFR 1 Month + 3.50%), 0.00%, 09/19/2031 (u) (aa) |
|
|
100 |
|
|
|
99 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
197 |
|
|
|
|
|
|
|
|
|
|
| Entertainment — 0.8% |
|
|
|
|
|
|
|
|
| Asurion LLC, New B-11 Term Loan, (CME Term SOFR 1 Month + 4.25%), 0.00%, 08/19/2028 (u) (aa) |
|
|
100 |
|
|
|
99 |
|
| UFC Holdings LLC, Term B-3 Loan (First Lien), (CME Term SOFR 3 Month + 2.75%), 0.00%, 04/29/2026 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
199 |
|
|
|
|
|
|
|
|
|
|
| Retail — 0.8% |
|
|
|
|
|
|
|
|
| Insulet Corp., 2024-A Incremental Term Loan, (CME Term SOFR 1 Month + 2.50%), 0.00%, 08/04/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| IRB Holding Corp., 2024 Replacement Term B Loan, (CME Term SOFR 1 Month + 2.75%), 7.70%, 12/15/2027 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer, Cyclical |
|
|
|
|
|
|
596 |
|
|
|
|
|
|
|
|
|
|
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Consumer, Non-cyclical — 2.0% |
|
|
|
|
|
|
|
|
| Commercial Services — 0.8% |
|
|
|
|
|
|
|
|
| Nouryon Finance BV, 2024 B-2 Dollar Term Loan, (Netherlands), (CME Term SOFR 6 Month + 3.50%), 7.78%, 04/03/2028 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Wand Newco 3, Inc., Tranche B-1 Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 7.85%, 01/30/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200 |
|
|
|
|
|
|
|
|
|
|
| Healthcare—Products — 0.4% |
|
|
|
|
|
|
|
|
| Hub International Ltd.,2024-1 Incremental Term Loan, (CME Term SOFR 3 Month + 3.00%), 8.26%, 06/20/2030 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
| Healthcare—Services — 0.8% |
|
|
|
|
|
|
|
|
| LifePoint Health, Inc., 2024 Incremental Term Loan (First Lien), (CME Term SOFR 3 Month + 4.00%), 8.96%, 05/17/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Parexel International, Inc., Fifth Amendment Term Loan (First Lien), (CME Term SOFR 1 Month + 3.00%), 7.85%, 11/15/2028 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200 |
|
|
|
|
|
|
|
|
|
|
| Total Consumer, Non-cyclical |
|
|
|
|
|
|
500 |
|
|
|
|
|
|
|
|
|
|
| Financial — 2.4% |
|
|
|
|
|
|
|
|
| Diversified Financial Services — 0.4% |
|
|
|
|
|
|
|
|
| Filtration Group Corp., 2021 Incremental Term Loan, (CME Term SOFR 1 Month + 3.50%), 8.46%, 10/21/2028 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
| Insurance — 2.0% |
|
|
|
|
|
|
|
|
| Arsenal AIC Parent LLC, 2024-A Refinancing Term B Loan, (CME Term SOFR 1 Month + 3.25%), 8.10%, 08/18/2030 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Ascend Learning LLC, Initial Term Loan (2021) (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.45%, 12/11/2028 (u) (aa) |
|
|
100 |
|
|
|
99 |
|
| AssuredPartners, Inc., 2024 Term Loan, (CME Term SOFR 3 Month + 3.50%), 8.35%, 02/14/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| HighTower Holding LLC, Amendment No. 7 Term Loan, (CME Term SOFR 3 Month + 3.50%), 8.75%, 08/21/2028 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Truist Insurance Holdings LLC, Initial Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 7.85%, 05/06/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
499 |
|
|
|
|
|
|
|
|
|
|
| Total Financial |
|
|
|
|
|
|
599 |
|
|
|
|
|
|
|
|
|
|
| Industrial — 1.3% |
|
|
|
|
|
|
|
|
| Aerospace/Defense — 0.8% |
|
|
|
|
|
|
|
|
| Charter Next Generation, Inc., Initial Term Loan (2024) (First Lien), (CME Term SOFR 1 Month + 3.25%), 8.10%, 12/01/2027 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Cloud Software Group, Inc., Third Amendment Term Loan (First Lien), (CME Term SOFR 3 Month + 4.50%), 9.10%, 03/21/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
200 |
|
|
|
|
|
|
|
|
|
|
| Machinery—Diversified — 0.1% |
|
|
|
|
|
|
|
|
| Dynasty Acquisition Co., Inc., 2024 Specified Refinancing Term B-2 Loan, (CME Term SOFR 1 Month + 3.50%), 0.00%, 08/24/2028 (u) (aa) |
|
|
28 |
|
|
|
28 |
|
|
|
|
|
|
|
|
|
|
| Packaging & Containers — 0.4% |
|
|
|
|
|
|
|
|
| Boost Newco Borrower LLC, USD Term B-1 Loan, (CME Term SOFR 3 Month + 2.50%), 0.00%, 01/31/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
| Total Industrial |
|
|
|
|
|
|
328 |
|
|
|
|
|
|
|
|
|
|
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Loan Assignments — continued |
|
|
|
|
|
|
|
|
| Technology — 2.7% |
|
|
|
|
|
|
|
|
| Software — 2.7% |
|
|
|
|
|
|
|
|
| Applied Systems, Inc., Tranche B-1 Term Loan (First Lien), (CME Term SOFR 3 Month + 3.00%), 7.60%, 02/24/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Caesars Entertainment, Inc., 2023 Incremental Term B Loan, (CME Term SOFR 1 Month + 2.75%), 7.60%, 02/06/2030 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Dynasty Acquisition Co., Inc., 2024 Specified Refinancing Term B-1 Loan, (CME Term SOFR 1 Month + 3.50%), 8.35%, 08/24/2028 (u) (aa) |
|
|
72 |
|
|
|
72 |
|
| Ellucian Holdings, Inc., Term B-1 Loan (First Lien), (CME Term SOFR 1 Month + 3.50%), 8.45%, 10/09/2029 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Engineered Machinery Holdings, Inc., Incremental Amendment No. 5 Term Loan (First Lien), (CME Term SOFR 3 Month + 3.75%), 0.00%, 05/19/2028 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
| Epicor Software Corp., 2024 Delayed Draw Term Loan, (CME Term SOFR 1 Month + 3.25%), 3.25%, 05/30/2031 (u) (aa) |
|
|
11 |
|
|
|
10 |
|
| Epicor Software Corp., Term E Loan, (CME Term SOFR 1 Month + 3.25%), 8.10%, 05/30/2031 (u) (aa) |
|
|
89 |
|
|
|
90 |
|
| UKG Inc., 2024 Refinancing Term Loan (First Lien), (CME Term SOFR 3 Month + 3.25%), 8.55%, 02/10/2031 (u) (aa) |
|
|
100 |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
| Total Technology |
|
|
|
|
|
|
672 |
|
|
|
|
|
|
|
|
|
|
| Utilities — 0.4% |
|
|
|
|
|
|
|
|
| Electric — 0.4% |
|
|
|
|
|
|
|
|
| Talen Energy Supply LLC, Initial Term B Loan, (CME Term SOFR 3 Month + 3.50%), 0.00%, 05/17/2030 (u) (aa) |
|
|
65 |
|
|
|
65 |
|
| Talen Energy Supply LLC, Initial Term C Loan, (CME Term SOFR 3 Month + 3.50%), 0.00%, 05/17/2030 (u) (aa) |
|
|
35 |
|
|
|
35 |
|
|
|
|
|
|
|
|
|
|
| Total Utilities |
|
|
|
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
Total Loan Assignments
(Cost $3,101) |
|
|
|
|
|
|
3,092 |
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments — 63.7% |
|
|
|
|
|
|
|
|
| Time Deposits — 51.0% |
|
|
|
|
|
|
|
|
| Citibank NA, 4.18%, 10/01/2024 |
|
|
5,208 |
|
|
|
5,208 |
|
| Sumitomo Mitsui Banking Corp., 4.18%, 10/01/2024 |
|
|
7,611 |
|
|
|
7,611 |
|
|
|
|
|
|
|
|
|
|
| Total Time Deposits |
|
|
|
|
|
|
12,819 |
|
|
|
|
|
|
|
|
|
|
| U.S. Government Agency Security — 2.0% |
|
|
|
|
|
|
|
|
| FHLB, Zero Coupon, 10/01/2024 |
|
|
500 |
|
|
|
500 |
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Obligation — 10.7% |
|
|
|
|
|
|
|
|
| U.S. Treasury Bill, 4.74%, 10/31/2024 (n) |
|
|
2,700 |
|
|
|
2,689 |
|
|
|
|
|
|
|
|
|
|
Total Short-Term Investments
(Cost $16,008) |
|
|
|
|
|
|
16,008 |
|
|
|
|
|
|
|
|
|
|
| Total Investments, Before Short Positions — 146.7%
(Cost—$36,889)* |
|
|
|
|
|
|
36,872 |
|
| Liabilities in Excess of Other Assets — (46.7)% |
|
|
|
|
|
|
(11,745 |
) |
|
|
|
|
|
|
|
|
|
| NET ASSETS — 100.0% |
|
|
|
|
|
$ |
25,127 |
|
|
|
|
|
|
|
|
|
|
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
|
|
|
|
|
|
|
|
|
| SECURITY DESCRIPTION |
|
PRINCIPAL
AMOUNT ($) |
|
|
VALUE ($) |
|
| Short Positions — 2.0% |
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities — 2.0% |
|
|
|
|
|
|
|
|
| FNMA or FHLMC, Single Family, 30 years, |
|
|
|
|
|
|
|
|
| TBA, 2.50%, 10/01/2052 (w) |
|
|
300 |
|
|
|
259 |
|
| TBA, 3.50%, 10/01/2054 (w) |
|
|
250 |
|
|
|
232 |
|
|
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities
(Proceeds $495) |
|
|
|
|
|
|
491 |
|
|
|
|
|
|
|
|
|
|
| Total Securities Sold Short— 2.0%
(Proceeds $495) * |
|
|
|
|
|
|
491 |
|
|
|
|
|
|
|
|
|
|
Percentages
indicated are based on net assets.
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
Futures contracts outstanding as of September 30, 2024:
Exchange Traded
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| DESCRIPTION |
|
NUMBER OF
CONTRACTS |
|
|
EXPIRATION
DATE |
|
|
TRADING
CURRENCY |
|
|
NOTIONAL
AMOUNT ($) |
|
|
VALUE AND
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| Long Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| E-mini Russell 2000 Index |
|
|
3 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
335 |
|
|
|
3 |
|
| MSCI EAFE Index |
|
|
10 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
1,214 |
|
|
|
30 |
|
| MSCI Emerging Markets Index |
|
|
9 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
494 |
|
|
|
33 |
|
| NASDAQ 100 E-mini Index |
|
|
2 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
783 |
|
|
|
27 |
|
| S&P MidCap 400 E-mini Index |
|
|
2 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
621 |
|
|
|
9 |
|
| SOFR 3 Month |
|
|
33 |
|
|
|
03/2026 |
|
|
|
USD |
|
|
|
8,011 |
|
|
|
(6 |
) |
| U.S. Dollar Index |
|
|
26 |
|
|
|
12/2024 |
|
|
|
USD |
|
|
|
2,604 |
|
|
|
9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short Contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| U.S. Treasury Long Bond |
|
|
(10 |
) |
|
|
12/2024 |
|
|
|
USD |
|
|
|
(1,261 |
) |
|
|
19 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total unrealized appreciation (depreciation) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
124 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Forward foreign currency exchange contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| CURRENCY PURCHASED |
|
|
CURRENCY SOLD |
|
|
COUNTERPARTY |
|
SETTLEMENT
DATE |
|
UNREALIZED
APPRECIATION
(DEPRECIATION) ($) |
|
| USD |
|
|
564 |
|
|
EUR |
|
|
503 |
|
|
Barclays Bank plc |
|
11/04/2024 |
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net unrealized appreciation (depreciation) |
|
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
OTC Total Return Swap contracts outstanding as of September 30, 2024:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| REFERENCE
INDEX |
|
FLOATING
RATE
PAID
BY THE
FUND |
|
|
PAYMENT
FREQUENCY |
|
|
COUNTERPARTY |
|
|
MATURITY
DATE |
|
|
NOTIONAL
AMOUNT |
|
|
UPFRONT
PAYMENTS
(RECEIPTS)
($) |
|
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
($) |
|
|
VALUE
($) |
|
| iBoxx USD Liquid Leveraged Loans Total Return Index |
|
|
United States
SOFR
Secured
Overnight
Financing
Rate |
|
|
|
quarterly |
|
|
|
Morgan
Stanley
& Co. |
|
|
|
12/20/2024 |
|
|
USD |
1,800 |
|
|
|
(— |
)(h) |
|
|
(1 |
) |
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(— |
)(h) |
|
|
(1 |
) |
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Circles Multi-Strategy Fund
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30,
2024 (Unaudited) (continued)
(Amounts in U.S. Dollars, unless otherwise noted)
(Amounts in thousands, except number of Futures contracts)
NOTES TO SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024
|
|
|
|
|
| CLO |
|
— |
|
Collateralized Loan Obligations |
| FHLB |
|
— |
|
Federal Home Loan Bank |
| FHLMC |
|
— |
|
Federal Home Loan Mortgage Corp. |
| FNMA |
|
— |
|
Federal National Mortgage Association |
| GNMA |
|
— |
|
Government National Mortgage Association |
| IO |
|
— |
|
Interest Only represents the right to receive the monthly interest payments on an underlying pool of mortgage loans. The principal amount shown represents the par value on the underlying pool. The yields on these securities are
subject to accelerated principal paydowns as a result of prepayment or refinancing of the underlying pool of mortgage instruments. As a result, interest income may be reduced considerably. |
| REMICS |
|
— |
|
Real Estate Mortgage Investment Conduit |
| SOFR |
|
— |
|
Secured Overnight Financing Rate |
| SUB |
|
— |
|
Step-Up Bond. The interest rate shown is the rate in effect as of September 30, 2024. |
| TBA |
|
— |
|
To Be Announced |
| (e) |
|
— |
|
Security is exempt from registration under Rule 144A of the Securities Act of 1933, as amended. Unless otherwise indicated, this security has been determined to be liquid under procedures established by the Board of Trustees and may
be resold in transactions exempt from registration, normally to qualified institutional buyers. |
| (h) |
|
— |
|
Amount rounds to less than 500 shares or principal/ $500. |
| (n) |
|
— |
|
The rate shown is the effective yield as of September 30, 2024. |
| (o) |
|
— |
|
Loan assignments are presented by obligor. Each Series or loan tranche underlying each obligor may have varying terms. |
| (u) |
|
— |
|
All or a portion of the security is unsettled as of September 30, 2024. Unless otherwise indicated, the coupon rate is undetermined. |
| (w) |
|
— |
|
All or a portion of the security is a when-issued security, delayed delivery security, or forward commitment. |
| (z) |
|
— |
|
Variable or floating rate security, the interest rate of which adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. The interest rate shown is the current rate as of
September 30, 2024. |
| (aa) |
|
— |
|
Variable or floating rate security, linked to the referenced benchmark. The interest rate shown is the current rate as of September 30, 2024 |
| * |
|
— |
|
The cost of securities is substantially the same for federal income tax purposes. |
| EUR |
|
— |
|
Euro |
| USD |
|
— |
|
United States Dollar |
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited)
A. Valuation of
Investments — The valuation of investments is in accordance with U.S. generally accepted accounting principles (“GAAP”) and the Funds’ valuation policies set forth by and under the supervision and responsibility of the Board
of Trustees (the “Board”), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at unadjusted quoted prices and
(ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.
The Board has designated the J.P. Morgan Private Investments Inc. (the “Adviser”) as the Valuation Designee, and the Adviser uses the Six Circles
Funds Valuation Committee (“VC”), comprised of officers of the Funds and other personnel of the Adviser, to assist the Board with the oversight and monitoring of the valuation of the Funds’ investments with respect to Rule 2a-5 under the 1940 Act. The VC oversees and carries out policies and procedures for the valuation of investments held by the Funds. This includes monitoring the appropriateness of fair values based on results of
ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events and pricing vendor due diligence. The VC, through the Adviser, is responsible for assessing the potential impacts to the
fair values on an ongoing basis, and discussing this on at least a quarterly basis with the Board.
A market-based approach is primarily used to value the
Funds’ investments for which market quotations are readily available and which are generally valued at their current market value. Other securities and assets, including securities for which market quotations are not readily available, market
quotations are determined not to be reliable, or whose value has been materially affected by events occurring after the close of trading on the exchange or market on which the security is principally traded but before a Fund’s net asset value
(“NAV”) is calculated, are valued by approved pricing vendors or third party broker-dealers (collectively referred to as “Pricing Services”) or may be internally fair valued using methods set forth by the valuation policies
approved by the Board. The valuation may include related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment in order to determine the fair value of the
investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may be applied due to the nature or duration of any restrictions on the
disposition of the investments. Valuations may be based on current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would
have been used, had a ready market for the investments existed, and such differences could be material.
Equity securities listed on a North American,
Central American, South American or Caribbean (“Americas”) securities exchange are generally valued at the last sale price or official market closing price on the primary exchange on which the security is principally traded that is
reported before the time when the net assets values of the Funds are calculated on a valuation date. The Funds calculate their NAV as of 4 p.m. Eastern time each day the New York Stock Exchange (NYSE) is open for trading.
Foreign equity securities are valued as of the close of trading on the stock exchange on which the security is primarily traded, or as of 4 p.m. Eastern time.
The value is then converted into its U.S. dollar equivalent at the foreign exchange rate in effect at 4 p.m. Eastern time on the day that the value of the security is determined. Generally foreign equity securities, as well as certain derivatives
with equity reference obligations, are valued by applying international fair value factors provided by approved Pricing Services.
The factors seek to
adjust the local closing price for movements of local markets post-closing, but prior to the time the NAVs are calculated. The fair valued securities are converted at the exchange rates available at 4 p.m. Eastern time.
Fixed income securities are valued based on prices received from Pricing Services. In instances where sufficient market activity exists, the Pricing Services
may utilize a market-based approach through which trades or quotes from market makers are used to determine the valuation of these instruments. In instances where sufficient market activity may not exist, Pricing Services may consider a variety of
inputs and factors, including, but not limited to proprietary models that may take into account market transactions in securities with comparable characteristics, yield curves, option-adjusted spreads, credit spreads, estimated default rates, coupon
rates, underlying collateral and estimated cash flows.
Pricing services generally value fixed-income securities assuming orderly transactions of an
institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots.
Shares of exchange-traded funds (“ETFs”) are generally valued at the last sale price on the exchange on which the ETF is principally traded. Shares
of open-end investment companies are valued at their respective NAVs.
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Exchange-traded futures contracts and options are generally valued on the basis of available market
quotations. Swaps, forward foreign currency exchange contracts and over the counter options are valued utilizing market quotations from approved Pricing Services.
Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer related events after the
report date and prior to issuance of the report are not reflected herein.
The various inputs that are used in determining the valuation of the
Funds’ investments are summarized into the three broad levels listed below.
| • |
|
Level 1 – Unadjusted inputs using quoted prices in active markets for identical investments.
|
| • |
|
Level 2 – Other significant observable inputs including, but not limited to, quoted prices for similar
investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs. |
| • |
|
Level 3 – Significant inputs based on the best information available in the circumstances, to the
extent observable inputs are not available (including the Funds’ assumptions in determining the fair value of investments). |
A
financial instrument’s level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing
instruments are not necessarily an indication of the risk associated with investing in those instruments.
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
The following tables represent each valuation input as presented on the Schedules of Portfolio Investments
(“SOIs”) (amounts in thousands):
Six Circles Ultra Short Duration Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-Backed Securities |
|
$ |
— |
|
|
$ |
118,615 |
|
|
$ |
— |
|
|
$ |
118,615 |
|
| Certificates of Deposit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial |
|
|
— |
|
|
|
1,732 |
|
|
|
— |
|
|
|
1,732 |
|
| Collateralized Mortgage Obligations |
|
|
— |
|
|
|
25,948 |
|
|
|
— |
|
|
|
25,948 |
|
| Commercial Mortgage-Backed Securities |
|
|
— |
|
|
|
22,615 |
|
|
|
— |
|
|
|
22,615 |
|
| Corporate Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
|
— |
|
|
|
4,227 |
|
|
|
— |
|
|
|
4,227 |
|
| Communications |
|
|
— |
|
|
|
42,960 |
|
|
|
— |
|
|
|
42,960 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
33,400 |
|
|
|
— |
|
|
|
33,400 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
36,603 |
|
|
|
— |
|
|
|
36,603 |
|
| Energy |
|
|
— |
|
|
|
17,792 |
|
|
|
— |
|
|
|
17,792 |
|
| Financial |
|
|
— |
|
|
|
136,386 |
|
|
|
— |
|
|
|
136,386 |
|
| Industrial |
|
|
— |
|
|
|
27,259 |
|
|
|
— |
|
|
|
27,259 |
|
| Technology |
|
|
— |
|
|
|
14,131 |
|
|
|
— |
|
|
|
14,131 |
|
| Utilities |
|
|
— |
|
|
|
13,705 |
|
|
|
— |
|
|
|
13,705 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Corporate Bonds |
|
|
— |
|
|
|
326,463 |
|
|
|
— |
|
|
|
326,463 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign Government Security |
|
|
— |
|
|
|
505 |
|
|
|
— |
|
|
|
505 |
|
| Mortgage-Backed Securities |
|
|
— |
|
|
|
5,761 |
|
|
|
— |
|
|
|
5,761 |
|
| U.S. Government Agency Securities |
|
|
— |
|
|
|
3,397 |
|
|
|
— |
|
|
|
3,397 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
62,453 |
|
|
|
— |
|
|
|
62,453 |
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Certificate of Deposit |
|
|
— |
|
|
|
4,013 |
|
|
|
— |
|
|
|
4,013 |
|
| Commercial Papers |
|
|
— |
|
|
|
27,683 |
|
|
|
— |
|
|
|
27,683 |
|
| Repurchase Agreement |
|
|
— |
|
|
|
8,000 |
|
|
|
— |
|
|
|
8,000 |
|
| Time Deposits |
|
|
— |
|
|
|
4,004 |
|
|
|
— |
|
|
|
4,004 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
49,210 |
|
|
|
— |
|
|
|
49,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments |
|
|
— |
|
|
|
92,910 |
|
|
|
— |
|
|
|
92,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
— |
|
|
$ |
660,399 |
|
|
$ |
— |
|
|
$ |
660,399 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
64 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
64 |
|
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
88 |
|
|
|
— |
|
|
|
88 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Appreciation in Other Financial Instruments |
|
$ |
64 |
|
|
$ |
88 |
|
|
$ |
— |
|
|
$ |
152 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
(218 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(218 |
) |
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
(489 |
) |
|
|
— |
|
|
|
(489 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Depreciation in Other Financial Instruments |
|
$ |
(218 |
) |
|
$ |
(489 |
) |
|
$ |
— |
|
|
$ |
(707 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles Tax Aware Ultra Short Duration Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-Backed Securities |
|
$ |
— |
|
|
$ |
65,475 |
|
|
$ |
— |
|
|
$ |
65,475 |
|
| Certificates of Deposit |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial |
|
|
— |
|
|
|
1,940 |
|
|
|
— |
|
|
|
1,940 |
|
| Collateralized Mortgage Obligations |
|
|
— |
|
|
|
21,330 |
|
|
|
— |
|
|
|
21,330 |
|
| Commercial Mortgage-Backed Securities |
|
|
— |
|
|
|
6,972 |
|
|
|
— |
|
|
|
6,972 |
|
| Corporate Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Communications |
|
|
— |
|
|
|
2,856 |
|
|
|
— |
|
|
|
2,856 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
15,030 |
|
|
|
— |
|
|
|
15,030 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
8,763 |
|
|
|
— |
|
|
|
8,763 |
|
| Energy |
|
|
— |
|
|
|
776 |
|
|
|
— |
|
|
|
776 |
|
| Financial |
|
|
— |
|
|
|
66,098 |
|
|
|
— |
|
|
|
66,098 |
|
| Industrial |
|
|
— |
|
|
|
6,178 |
|
|
|
— |
|
|
|
6,178 |
|
| Technology |
|
|
— |
|
|
|
3,186 |
|
|
|
— |
|
|
|
3,186 |
|
| Utilities |
|
|
— |
|
|
|
3,140 |
|
|
|
— |
|
|
|
3,140 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Corporate Bonds |
|
|
— |
|
|
|
106,027 |
|
|
|
— |
|
|
|
106,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign Government Security |
|
|
— |
|
|
|
808 |
|
|
|
— |
|
|
|
808 |
|
| Mortgage-Backed Securities |
|
|
— |
|
|
|
6,804 |
|
|
|
— |
|
|
|
6,804 |
|
| Municipal Bonds |
|
|
— |
|
|
|
497,494 |
|
|
|
— |
|
|
|
497,494 |
|
| U.S. Government Agency Security |
|
|
— |
|
|
|
600 |
|
|
|
— |
|
|
|
600 |
|
| U.S. Treasury Obligation |
|
|
— |
|
|
|
10,131 |
|
|
|
— |
|
|
|
10,131 |
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
|
— |
|
|
|
28,324 |
|
|
|
— |
|
|
|
28,324 |
|
| Repurchase Agreement |
|
|
— |
|
|
|
13,600 |
|
|
|
— |
|
|
|
13,600 |
|
| Time Deposits |
|
|
— |
|
|
|
22,762 |
|
|
|
— |
|
|
|
22,762 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
628 |
|
|
|
— |
|
|
|
628 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments |
|
|
— |
|
|
|
65,314 |
|
|
|
— |
|
|
|
65,314 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
— |
|
|
$ |
782,895 |
|
|
$ |
— |
|
|
$ |
782,895 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
88 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
88 |
|
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
95 |
|
|
|
— |
|
|
|
95 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Appreciation in Other Financial Instruments |
|
$ |
88 |
|
|
$ |
95 |
|
|
$ |
— |
|
|
$ |
183 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
(209 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(209 |
) |
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
(337 |
) |
|
|
— |
|
|
|
(337 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Depreciation in Other Financial Instruments |
|
$ |
(209 |
) |
|
$ |
(337 |
) |
|
$ |
— |
|
|
$ |
(546 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles U.S. Unconstrained Equity Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
$ |
346,459 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
346,459 |
|
| Communications |
|
|
4,203,993 |
|
|
|
— |
|
|
|
— |
|
|
|
4,203,993 |
|
| Consumer Cyclical |
|
|
2,638,528 |
|
|
|
— |
|
|
|
— |
|
|
|
2,638,528 |
|
| Consumer Non-cyclical |
|
|
4,280,872 |
|
|
|
— |
|
|
|
— |
|
|
|
4,280,872 |
|
| Energy |
|
|
756,737 |
|
|
|
— |
|
|
|
— |
|
|
|
756,737 |
|
| Financial |
|
|
4,081,685 |
|
|
|
— |
|
|
|
— |
|
|
|
4,081,685 |
|
| Industrial |
|
|
1,605,646 |
|
|
|
— |
|
|
|
— |
|
|
|
1,605,646 |
|
| Technology |
|
|
7,902,804 |
|
|
|
— |
|
|
|
— |
|
|
|
7,902,804 |
|
| Utilities |
|
|
167,589 |
|
|
|
— |
|
|
|
— |
|
|
|
167,589 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Common Stocks |
|
|
25,984,313 |
|
|
|
— |
|
|
|
— |
|
|
|
25,984,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Time Deposits |
|
|
— |
|
|
|
72,184 |
|
|
|
— |
|
|
|
72,184 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
25,984,313 |
|
|
$ |
72,184 |
|
|
$ |
— |
|
|
$ |
26,056,497 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
1,034 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,034 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
(48 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(48 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles International Unconstrained Equity Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Austria |
|
$ |
— |
|
|
$ |
40,986 |
|
|
$ |
— |
|
|
$ |
40,986 |
|
| Belgium |
|
|
13,659 |
|
|
|
300,386 |
|
|
|
— |
|
|
|
314,045 |
|
| Chile |
|
|
— |
|
|
|
25,352 |
|
|
|
— |
|
|
|
25,352 |
|
| China |
|
|
— |
|
|
|
1,811 |
|
|
|
— |
|
|
|
1,811 |
|
| Denmark |
|
|
— |
|
|
|
1,256,259 |
|
|
|
— |
|
|
|
1,256,259 |
|
| Finland |
|
|
— |
|
|
|
190,498 |
|
|
|
— |
|
|
|
190,498 |
|
| France |
|
|
1,160 |
|
|
|
1,888,684 |
|
|
|
— |
|
|
|
1,889,844 |
|
| Germany |
|
|
— |
|
|
|
2,317,428 |
|
|
|
— |
|
|
|
2,317,428 |
|
| Hong Kong |
|
|
— |
|
|
|
47,349 |
|
|
|
— |
|
|
|
47,349 |
|
| Ireland |
|
|
16,151 |
|
|
|
110,860 |
|
|
|
— |
|
|
|
127,011 |
|
| Italy |
|
|
— |
|
|
|
495,709 |
|
|
|
— |
|
|
|
495,709 |
|
| Japan |
|
|
— |
|
|
|
334,790 |
|
|
|
— |
|
|
|
334,790 |
|
| Jordan |
|
|
— |
|
|
|
3,946 |
|
|
|
— |
|
|
|
3,946 |
|
| Luxembourg |
|
|
— |
|
|
|
28,102 |
|
|
|
— |
|
|
|
28,102 |
|
| Netherlands |
|
|
15,070 |
|
|
|
1,667,411 |
|
|
|
— |
|
|
|
1,682,481 |
|
| Norway |
|
|
7,606 |
|
|
|
84,434 |
|
|
|
— |
|
|
|
92,040 |
|
| Poland |
|
|
— |
|
|
|
3,336 |
|
|
|
— |
|
|
|
3,336 |
|
| Portugal |
|
|
886 |
|
|
|
17,753 |
|
|
|
— |
|
|
|
18,639 |
|
| Spain |
|
|
— |
|
|
|
387,491 |
|
|
|
— |
|
|
|
387,491 |
|
| Sweden |
|
|
6,203 |
|
|
|
514,825 |
|
|
|
— |
|
|
|
521,028 |
|
| Switzerland |
|
|
3,352 |
|
|
|
2,534,876 |
|
|
|
— |
|
|
|
2,538,228 |
|
| Taiwan |
|
|
— |
|
|
|
331,936 |
|
|
|
— |
|
|
|
331,936 |
|
| United Arab Emirates |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| United Kingdom |
|
|
62,177 |
|
|
|
3,053,253 |
|
|
|
— |
|
|
|
3,115,430 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Common Stocks |
|
|
126,264 |
|
|
|
15,637,475 |
|
|
|
— |
|
|
|
15,763,739 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Preferred Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Germany |
|
|
— |
|
|
|
46,066 |
|
|
|
— |
|
|
|
46,066 |
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Time Deposits |
|
|
— |
|
|
|
139,311 |
|
|
|
— |
|
|
|
139,311 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
126,264 |
|
|
$ |
15,822,852 |
|
|
$ |
— |
|
|
$ |
15,949,116 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
1,661 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,661 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
(305 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(305 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles Global Bond Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-Backed Securities |
|
$ |
— |
|
|
$ |
58,666 |
|
|
$ |
— |
|
|
$ |
58,666 |
|
| Collateralized Mortgage Obligations |
|
|
— |
|
|
|
282,357 |
|
|
|
— |
|
|
|
282,357 |
|
| Commercial Mortgage-Backed Securities |
|
|
— |
|
|
|
53,281 |
|
|
|
— |
|
|
|
53,281 |
|
| Corporate Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
|
— |
|
|
|
91,102 |
|
|
|
— |
|
|
|
91,102 |
|
| Communications |
|
|
— |
|
|
|
202,417 |
|
|
|
— |
|
|
|
202,417 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
218,960 |
|
|
|
— |
|
|
|
218,960 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
495,767 |
|
|
|
— |
|
|
|
495,767 |
|
| Energy |
|
|
— |
|
|
|
123,275 |
|
|
|
— |
|
|
|
123,275 |
|
| Financial |
|
|
— |
|
|
|
1,421,064 |
|
|
|
— |
|
|
|
1,421,064 |
|
| Government |
|
|
— |
|
|
|
182,348 |
|
|
|
— |
|
|
|
182,348 |
|
| Industrial |
|
|
— |
|
|
|
301,934 |
|
|
|
— |
|
|
|
301,934 |
|
| Technology |
|
|
— |
|
|
|
107,197 |
|
|
|
— |
|
|
|
107,197 |
|
| Utilities |
|
|
— |
|
|
|
302,993 |
|
|
|
— |
|
|
|
302,993 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Corporate Bonds |
|
|
— |
|
|
|
3,447,057 |
|
|
|
— |
|
|
|
3,447,057 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign Government Securities |
|
|
— |
|
|
|
7,193,251 |
|
|
|
— |
|
|
|
7,193,251 |
|
| Mortgage-Backed Securities |
|
|
— |
|
|
|
1,849,072 |
|
|
|
— |
|
|
|
1,849,072 |
|
| Municipal Bonds |
|
|
— |
|
|
|
8,771 |
|
|
|
— |
|
|
|
8,771 |
|
| U.S. Government Agency Securities |
|
|
— |
|
|
|
13,225 |
|
|
|
— |
|
|
|
13,225 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
892,903 |
|
|
|
— |
|
|
|
892,903 |
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Time Deposits |
|
|
— |
|
|
|
79,015 |
|
|
|
— |
|
|
|
79,015 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
110,606 |
|
|
|
— |
|
|
|
110,606 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments |
|
|
— |
|
|
|
189,621 |
|
|
|
— |
|
|
|
189,621 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
— |
|
|
$ |
13,988,204 |
|
|
$ |
— |
|
|
$ |
13,988,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities |
|
$ |
— |
|
|
$ |
289,897 |
|
|
$ |
— |
|
|
$ |
289,897 |
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
695 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
695 |
|
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
46,306 |
|
|
|
— |
|
|
|
46,306 |
|
| OTC Interest Rate Swaps contracts |
|
|
— |
|
|
|
44 |
|
|
|
— |
|
|
|
44 |
|
| Centrally Cleared Interest Rate Swap contracts |
|
|
— |
|
|
|
4,511 |
|
|
|
— |
|
|
|
4,511 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Appreciation in Other Financial Instruments |
|
$ |
695 |
|
|
$ |
50,861 |
|
|
$ |
— |
|
|
$ |
51,556 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
(1,503 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(1,503 |
) |
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
(113,086 |
) |
|
|
— |
|
|
|
(113,086 |
) |
| OTC Interest Rate Swap contract |
|
|
— |
|
|
|
(74 |
) |
|
|
— |
|
|
|
(74 |
) |
| Centrally Cleared Interest Rate Swap contracts |
|
|
— |
|
|
|
(7,740 |
) |
|
|
— |
|
|
|
(7,740 |
) |
| Centrally Cleared Credit Default Swaps contracts |
|
|
— |
|
|
|
— |
(h) |
|
|
— |
|
|
|
— |
(h) |
| Written Option contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Written Call Option contracts |
|
|
— |
|
|
|
(259 |
) |
|
|
— |
|
|
|
(259 |
) |
| Written Put Option contracts |
|
|
— |
|
|
|
(66 |
) |
|
|
— |
|
|
|
(66 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Written Option contracts |
|
|
— |
|
|
|
(325 |
) |
|
|
— |
|
|
|
(325 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Depreciation in Other Financial Instruments |
|
$ |
(1,503 |
) |
|
$ |
(121,225 |
) |
|
$ |
— |
|
|
$ |
(122,728 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles Global Bond Fund (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
$ |
— |
|
|
$ |
10,800,342 |
|
|
$ |
— |
|
|
$ |
10,800,342 |
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Municipal Bonds |
|
|
— |
|
|
|
14,386 |
|
|
|
— |
|
|
|
14,386 |
|
| Time Deposits |
|
|
— |
|
|
|
135,259 |
|
|
|
— |
|
|
|
135,259 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments |
|
|
— |
|
|
|
149,645 |
|
|
|
— |
|
|
|
149,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
— |
|
|
$ |
10,949,987 |
|
|
$ |
— |
|
|
$ |
10,949,987 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles Credit Opportunities Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-Backed Securities |
|
$ |
— |
|
|
$ |
185,338 |
|
|
$ |
— |
|
|
$ |
185,338 |
|
| Collateralized Mortgage Obligations |
|
|
— |
|
|
|
5,953 |
|
|
|
— |
|
|
|
5,953 |
|
| Commercial Mortgage-Backed Securities |
|
|
— |
|
|
|
22,180 |
|
|
|
— |
|
|
|
22,180 |
|
| Convertible Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Communications |
|
|
— |
|
|
|
9,279 |
|
|
|
— |
|
|
|
9,279 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
362 |
|
|
|
— |
|
|
|
362 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
11,507 |
|
|
|
— |
|
|
|
11,507 |
|
| Energy |
|
|
— |
|
|
|
6,354 |
|
|
|
— |
|
|
|
6,354 |
|
| Financial |
|
|
— |
|
|
|
4,045 |
|
|
|
— |
|
|
|
4,045 |
|
| Industrial |
|
|
— |
|
|
|
807 |
|
|
|
— |
|
|
|
807 |
|
| Technology |
|
|
— |
|
|
|
12,704 |
|
|
|
— |
|
|
|
12,704 |
|
| Utilities |
|
|
— |
|
|
|
8,264 |
|
|
|
— |
|
|
|
8,264 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Convertible Bonds |
|
|
— |
|
|
|
53,322 |
|
|
|
— |
|
|
|
53,322 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Corporate Bonds |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
|
— |
|
|
|
352,341 |
|
|
|
— |
|
|
|
352,341 |
|
| Communications |
|
|
— |
|
|
|
1,051,904 |
|
|
|
9 |
|
|
|
1,051,913 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
1,334,292 |
|
|
|
— |
|
|
|
1,334,292 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
1,178,270 |
|
|
|
— |
|
|
|
1,178,270 |
|
| Diversified |
|
|
— |
|
|
|
2,598 |
|
|
|
— |
|
|
|
2,598 |
|
| Energy |
|
|
— |
|
|
|
922,476 |
|
|
|
— |
|
|
|
922,476 |
|
| Financial |
|
|
— |
|
|
|
1,333,555 |
|
|
|
— |
|
|
|
1,333,555 |
|
| Government |
|
|
— |
|
|
|
170 |
|
|
|
— |
|
|
|
170 |
|
| Industrial |
|
|
— |
|
|
|
905,755 |
|
|
|
— |
|
|
|
905,755 |
|
| Technology |
|
|
— |
|
|
|
317,531 |
|
|
|
— |
|
|
|
317,531 |
|
| Utilities |
|
|
— |
|
|
|
322,886 |
|
|
|
— |
|
|
|
322,886 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Corporate Bonds |
|
|
— |
|
|
|
7,721,778 |
|
|
|
9 |
|
|
|
7,721,787 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign Government Securities |
|
|
— |
|
|
|
1,037,394 |
|
|
|
— |
|
|
|
1,037,394 |
|
| Mortgage-Backed Securities |
|
|
— |
|
|
|
9,549 |
|
|
|
— |
|
|
|
9,549 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
149,052 |
|
|
|
— |
|
|
|
149,052 |
|
| Common Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
|
— |
|
|
|
— |
|
|
|
1,847 |
|
|
|
1,847 |
|
| Communications |
|
|
— |
|
|
|
2,673 |
|
|
|
2,149 |
|
|
|
4,822 |
|
| Utilities |
|
|
— |
|
|
|
— |
|
|
|
1,136 |
|
|
|
1,136 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Common Stocks |
|
|
— |
|
|
|
2,673 |
|
|
|
5,132 |
|
|
|
7,805 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exchange-Traded Funds |
|
|
65,250 |
|
|
|
— |
|
|
|
— |
|
|
|
65,250 |
|
| Preferred Stocks |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Communications |
|
|
— |
|
|
|
— |
|
|
|
982 |
|
|
|
982 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
— |
|
|
|
6,467 |
|
|
|
6,467 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Preferred Stocks |
|
|
— |
|
|
|
— |
|
|
|
7,449 |
|
|
|
7,449 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles
Credit Opportunities Fund (continued)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Loan Assignments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
$ |
— |
|
|
$ |
10,190 |
|
|
$ |
— |
|
|
$ |
10,190 |
|
| Communications |
|
|
— |
|
|
|
69,341 |
|
|
|
— |
|
|
|
69,341 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
49,866 |
|
|
|
— |
|
|
|
49,866 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
62,401 |
|
|
|
— |
|
|
|
62,401 |
|
| Diversified |
|
|
— |
|
|
|
1,401 |
|
|
|
— |
|
|
|
1,401 |
|
| Energy |
|
|
— |
|
|
|
5,205 |
|
|
|
— |
|
|
|
5,205 |
|
| Financial |
|
|
— |
|
|
|
45,926 |
|
|
|
2,400 |
|
|
|
48,326 |
|
| Government |
|
|
— |
|
|
|
— |
|
|
|
9,418 |
|
|
|
9,418 |
|
| Industrial |
|
|
— |
|
|
|
66,754 |
|
|
|
— |
|
|
|
66,754 |
|
| Technology |
|
|
— |
|
|
|
98,351 |
|
|
|
— |
|
|
|
98,351 |
|
| Utilities |
|
|
— |
|
|
|
1,603 |
|
|
|
— |
|
|
|
1,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Loan Assignments |
|
|
— |
|
|
|
411,038 |
|
|
|
11,818 |
|
|
|
422,856 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Commercial Papers |
|
|
— |
|
|
|
5,496 |
|
|
|
— |
|
|
|
5,496 |
|
| Corporate Bond |
|
|
— |
|
|
|
488 |
|
|
|
— |
|
|
|
488 |
|
| Time Deposits |
|
|
— |
|
|
|
225,449 |
|
|
|
— |
|
|
|
225,449 |
|
| U.S. Treasury Obligations |
|
|
— |
|
|
|
6,273 |
|
|
|
— |
|
|
|
6,273 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments |
|
|
— |
|
|
|
237,706 |
|
|
|
— |
|
|
|
237,706 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
65,250 |
|
|
$ |
9,835,983 |
|
|
$ |
24,408 |
|
|
$ |
9,925,641 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
353 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
353 |
|
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
2,641 |
|
|
|
— |
|
|
|
2,641 |
|
| Centrally Cleared Interest Rate Swap contracts |
|
|
— |
|
|
|
3,013 |
|
|
|
— |
|
|
|
3,013 |
|
| OTC Credit Default Swaps contracts |
|
|
— |
|
|
|
147 |
|
|
|
— |
|
|
|
147 |
|
| Centrally Cleared Credit Default Swaps contracts |
|
|
— |
|
|
|
2,132 |
|
|
|
— |
|
|
|
2,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Appreciation in Other Financial Instruments |
|
$ |
353 |
|
|
$ |
7,933 |
|
|
$ |
— |
|
|
$ |
8,286 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
(334 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(334 |
) |
| Forward Foreign Currency Exchange contracts |
|
|
— |
|
|
|
(48,356 |
) |
|
|
— |
|
|
|
(48,356 |
) |
| Centrally Cleared Interest Rate Swap contracts |
|
|
— |
|
|
|
(1,619 |
) |
|
|
— |
|
|
|
(1,619 |
) |
| OTC Credit Default Swaps contracts |
|
|
— |
|
|
|
(92 |
) |
|
|
— |
|
|
|
(92 |
) |
| Centrally Cleared Credit Default Swap contract |
|
|
— |
|
|
|
(4 |
) |
|
|
— |
|
|
|
(4 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Depreciation in Other Financial Instruments |
|
$ |
(334 |
) |
|
$ |
(50,071 |
) |
|
$ |
— |
|
|
$ |
(50,405 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Six Circles Multi-Strategy Fund
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Level 1
Quoted prices |
|
|
Level 2
Other significant
observable
inputs |
|
|
Level 3
Significant
unobservable
inputs |
|
|
Total |
|
| Investments in Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Asset-Backed Securities |
|
$ |
— |
|
|
$ |
3,168 |
|
|
$ |
— |
|
|
$ |
3,168 |
|
| Collateralized Mortgage Obligations |
|
|
— |
|
|
|
6,629 |
|
|
|
— |
|
|
|
6,629 |
|
| Mortgage-Backed Securities |
|
|
— |
|
|
|
7,975 |
|
|
|
— |
|
|
|
7,975 |
|
| Loan Assignments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Basic Materials |
|
|
— |
|
|
|
199 |
|
|
|
— |
|
|
|
199 |
|
| Communications |
|
|
— |
|
|
|
98 |
|
|
|
— |
|
|
|
98 |
|
| Consumer Cyclical |
|
|
— |
|
|
|
596 |
|
|
|
— |
|
|
|
596 |
|
| Consumer Non-cyclical |
|
|
— |
|
|
|
500 |
|
|
|
— |
|
|
|
500 |
|
| Financial |
|
|
— |
|
|
|
599 |
|
|
|
— |
|
|
|
599 |
|
| Industrial |
|
|
— |
|
|
|
328 |
|
|
|
— |
|
|
|
328 |
|
| Technology |
|
|
— |
|
|
|
672 |
|
|
|
— |
|
|
|
672 |
|
| Utilities |
|
|
— |
|
|
|
100 |
|
|
|
— |
|
|
|
100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Loan Assignments |
|
|
— |
|
|
|
3,092 |
|
|
|
— |
|
|
|
3,092 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Short-Term Investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Time Deposits |
|
|
— |
|
|
|
12,819 |
|
|
|
— |
|
|
|
12,819 |
|
| U.S. Government Agency Security |
|
|
— |
|
|
|
500 |
|
|
|
— |
|
|
|
500 |
|
| U.S. Treasury Obligation |
|
|
— |
|
|
|
2,689 |
|
|
|
— |
|
|
|
2,689 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Short-Term Investments |
|
|
— |
|
|
|
16,008 |
|
|
|
— |
|
|
|
16,008 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Investments in Securities |
|
$ |
— |
|
|
$ |
36,872 |
|
|
$ |
— |
|
|
$ |
36,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Debt Securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Mortgage-Backed Securities |
|
$ |
— |
|
|
$ |
491 |
|
|
$ |
— |
|
|
$ |
491 |
|
| Appreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Futures contracts |
|
$ |
130 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
130 |
|
| Forward Foreign Currency contract |
|
|
— |
|
|
|
3 |
|
|
|
— |
|
|
|
3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Appreciation in Other Financial Instruments |
|
$ |
130 |
|
|
$ |
3 |
|
|
$ |
— |
|
|
$ |
133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Depreciation in Other Financial Instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Future contract |
|
$ |
(6 |
) |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
(6 |
) |
| OTC Total Return Swap contracts |
|
|
— |
|
|
|
(1 |
) |
|
|
— |
|
|
|
(1 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total Depreciation in Other Financial Instruments |
|
$ |
(6 |
) |
|
$ |
(1 |
) |
|
$ |
— |
|
|
$ |
(7 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
B. Loan Assignments — The Six Circles Credit Opportunities Fund and Six Circles
Multi-Strategy Fund invest in debt instruments that are interests in amounts owed to lenders or lending syndicates (a “Lender”) by corporate, governmental or other borrowers (a “Borrower”). A loan is typically originated,
negotiated and structured by a U.S. or foreign bank, insurance company or other financial institution (the “Agent”) for a group of loan investors (“Loan Investors”). The Agent administers the terms of the loan, as specified in
the loan agreement. When a Fund purchases a loan assignment, the Fund has direct rights against the Borrower on a loan, provided, however, the Fund’s rights may be more limited than the lender from which it acquired the assignment and the Fund
may be able to enforce its rights only through the Agent. As a result, the Fund assumes the credit risk of the Borrower, the selling participant and any other persons interpositioned between each Fund and the Borrower (“Intermediate
Participants”). In the event that the Borrower, selling participant or Intermediate Participants become insolvent or enter into bankruptcy, the Fund may incur certain costs and delays in realizing payment or may suffer a loss of principal
and/or interest. The Adviser or Sub-Advisers may have access to material non-public information regarding the Borrower.
Certain loan assignments are also subject to the risks associated with high yield securities.
Unfunded commitments represent the remaining obligation of each Fund to the Borrower. At any point in time, up to the maturity date of the issue, the Borrower
may demand the unfunded portion. As of September 30, 2024, the Six Circles Credit Opportunities Fund and Six Circles Multi-Strategy Fund had no loan commitments outstanding.
C. Derivatives — The Funds used derivative instruments including options, futures contracts, forward foreign currency exchange contracts
and swaps, in connection with their respective investment strategies. Derivative instruments may be used as substitutes for securities in which the Funds can invest, to hedge portfolio investments or to generate income or gain to the Funds.
Derivatives may also be used to manage duration, sector and yield curve exposures as well as credit and spread volatility.
The Funds may be subject to
various risks from the use of derivatives including the risk that changes in the value of a derivative may not correlate perfectly with the underlying asset, rate or index; counterparty credit risk related to derivatives counterparties’ failure
to perform under contract terms; liquidity risk related to the lack of a liquid market for these contracts allowing a Fund to close out its position(s); and documentation risk relating to disagreement over contract terms. Investing in certain
derivatives also results in a form of leverage and as such, the Funds’ risk of loss associated with these instruments may exceed their value.
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
The Funds are party to various derivative contracts governed by International Swaps and Derivatives
Association master agreements (“ISDA agreements”). The Funds’ ISDA agreements, which are separately negotiated by the Sub-Advisers, with each dealer counterparty, may contain provisions
allowing, absent other considerations, a counterparty to exercise rights, to the extent not otherwise waived, against the Funds in the event the Funds’ net assets decline over time by a pre-determined
percentage or fall below a pre-determined floor. The ISDA agreements may also contain provisions allowing, absent other conditions, the Funds to exercise rights, to the extent not otherwise waived, against a
counterparty (e.g., decline in a counterparty’s credit rating below a specified level). Such rights for both a counterparty and the Funds often include the ability to terminate (i.e., close out) open contracts at prices which may favor a
counterparty, which could have an adverse effect on the Funds. The ISDA agreements give the Funds and a counterparty the right, upon an event of default, to close out all transactions traded under such agreements and to net amounts owed or due
across all transactions and offset such net payable or receivable with collateral posted to a segregated account by one party to the other.
Counterparty
credit risk may be mitigated to the extent a counterparty posts collateral for mark-to-market gains to the Fund. Notes C(1) — C(4) below describe the various
derivatives used by the Funds.
(1) Options — The Six Circles Global Bond Fund purchased and sold (“wrote”) put and call
options on securities to manage and hedge interest rate risks within its portfolio and also to gain long or short exposure to the underlying instrument. A purchaser of a put option has the right, but not the obligation, to sell the underlying
instrument at an agreed upon price (“strike price”) to the option seller. A purchaser of a call option has the right, but not the obligation, to purchase the underlying instrument at the strike price from the option seller.
Options Purchased — The option is adjusted daily to reflect the current market value of the option. If the option is allowed to expire, the Funds
will lose the entire premium they paid and record a realized loss for the premium amount. Premiums paid for options purchased which are exercised or closed are added to the amounts paid or offset against the proceeds on the underlying investment
transaction to determine the realized gain (loss) or cost basis of the underlying investment.
Options Written — The amount of the liability
is adjusted daily to reflect the current market value of the option written. Premiums received from options written that expire are treated as realized gains. If a written option is closed, the Funds record a realized gain or loss on options written
based on whether the cost of the closing transaction exceeds the premium received. If a call option is exercised by the option buyer, the premium received by the Funds is added to the proceeds from the sale of the underlying security to the option
buyer and compared to the cost of the closing transaction to determine whether there has been a realized gain or loss. If a put option is exercised by an option buyer, the premium received by the option seller reduces the cost basis of the purchased
security.
Written uncovered call options subject the Funds to unlimited risk of loss. Written covered call options limit the upside potential of a
security above the strike price. Written put options subject the Funds to risk of loss if the value of the security declines below the exercise price minus the put premium.
The Funds are not subject to credit risk on options written as the counterparty has already performed its obligation by paying the premium at the inception of
the contract.
The Funds’ option contracts are subject to master netting arrangements.
(2) Futures Contracts — The Six Circles Ultra Short Duration Fund, Six Circles Tax Aware Ultra Short Duration Fund, Six Circles Global Bond
Fund, Six Circles Credit Opportunities Fund and Six Circles Multi-Strategy Fund used interest rate futures to manage interest rate risks associated with portfolio investments. The Six Circles U.S. Unconstrained Equity Fund, Six Circles International
Unconstrained Equity Fund and Six Circles Multi-Strategy Fund used index futures to gain or reduce exposure to certain countries or regions, to maintain liquidity or minimize transaction costs.
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
Futures contracts may provide for the delayed delivery of the underlying instrument at a fixed price or are
settled for a cash amount based on the change in the value of the underlying instrument at a specific date in the future. Upon entering into a futures contract, the Funds are required to deposit with the broker, cash or securities in an amount equal
to a certain percentage of the contract amount, which is referred to as the initial margin deposit. Subsequent payments, referred to as variation margin, are made or received by the Funds periodically and are based on changes in the market value of
open futures contracts. Changes in the market value of open futures contracts are recorded as change in net unrealized appreciation/depreciation. Futures contracts outstanding at period end, if any, are listed after each Fund’s SOI.
The use of futures contracts may expose the Funds to interest rate and equity price risks. The Funds may be subject to the risk that the change in the value
of the futures contract may not correlate perfectly with the underlying instrument. Use of long futures contracts subjects the Fund to risk of loss up to the notional amount of the futures contracts. Use of short futures contracts subjects the Fund
to unlimited risk of loss. The Funds may enter into futures contracts only on exchanges or boards of trade. The exchange or board of trade acts as the counterparty to each futures transaction; therefore, the Funds’ credit risk is limited to
failure of the exchange or board of trade. Under some circumstances, futures exchanges may establish daily limits on the amount that the price of a futures contract can vary from the previous day’s settlement price, which could effectively
prevent the liquidation of positions.
The Funds’ futures contracts are not subject to master netting arrangements (the right to close out all
transactions traded with a counterparty and net amounts owed or due across transactions).
(3) Forward Foreign Currency Exchange Contracts
— The Six Circles Ultra Short Duration Fund, Six Circles Tax Aware Ultra Short Duration Fund, Six Circles Global Bond Fund, Six Circles Credit Opportunities Fund and Six Circles Multi-Strategy Fund may be exposed to foreign currency risks
associated with some or all of the portfolio investments and used forward foreign currency exchange contracts to hedge or manage certain of these exposures as part of an investment strategy. The Funds also bought forward foreign currency exchange
contracts to gain exposure to currencies. Forward foreign currency exchange contracts represent obligations to purchase or sell foreign currency on a specified future date at a price fixed at the time the contracts are entered into. Non-deliverable forward foreign currency exchange contracts are settled with the counterparty in U.S. Dollars without the delivery of foreign currency. Forward contracts outstanding at period end, if any, are listed
after each Fund’s SOI.
The values of the forward foreign currency exchange contracts are adjusted daily based on the applicable exchange rate of the
underlying currency. Changes in the value of these contracts are recorded as unrealized appreciation/depreciation until the contract settlement date. When the forward foreign currency exchange contract is closed, the Fund records a realized gain or
loss equal to the difference between the value at the time the contract was opened and the value at the time it was closed. The Fund also records a realized gain or loss when a forward foreign currency exchange contract offsets another forward
foreign currency exchange contract with the same counterparty upon settlement.
The Funds’ forward foreign currency exchange contracts may be subject
to master netting arrangements (the right to close out all transactions with a counterparty and net amounts owed or due across transactions). The Funds may be required to post or receive collateral for
non-deliverable forward foreign currency exchange contracts.
(4) Swaps — The Six Circles
Global Bond Fund, Six Circles Credit Opportunities Fund and Six Circles Multi-Strategy Fund engaged in various swap transactions, including interest swaps, to manage interest rate (e.g., duration, yield curve) risks within their respective
portfolios. The Funds also used swaps as alternatives to direct investments. Swap transactions are negotiated contracts over the counter (“OTC swaps”) between a fund and a counterparty or centrally cleared (“centrally cleared
swaps”) with a central clearinghouse through a Futures Commission Merchant (“FCM”), to exchange investment cash flows, assets, foreign currencies or market-linked returns at specified, future intervals. Swap contracts outstanding at
period end, if any, are listed after each Fund’s SOI.
Upfront payments made and/or received are recorded as assets or liabilities and amortized over
the term of the swap. The value of an OTC swap agreement is recorded as either an asset or a liability at the beginning of the measurement period.
Upon
entering into a centrally cleared swap, the Funds are required to deposit with the FCM cash or securities, which is referred to as initial margin deposit. Securities deposited as initial margin are designated on the SOIs. Daily changes in valuation
of centrally cleared swaps, if any, are recorded as a variation margin receivable or payable. The change in the value of swaps, including accruals of periodic amounts of interest to be paid or received on swaps, is reported as change in net
unrealized appreciation/depreciation. A realized gain or loss is recorded upon payment or receipt of a periodic payment or payment made upon termination of a swap agreement.
The central clearing house acts as the counterparty to each centrally cleared swap transaction, therefore credit risk is limited to the failure of the
clearing house.
SCHEDULE OF PORTFOLIO INVESTMENTS
AS OF SEPTEMBER 30, 2024 (Unaudited) (continued)
The Funds may be required to post or receive collateral in the form of cash or securities based on the net
value of the Fund’s outstanding OTC swap contracts with the counterparty. Daily movement of collateral is subject to minimum threshold amounts. Collateral posted by the Funds is held in a segregated account at the Funds’ custodian bank.
Collateral received by the Funds is held in escrow in segregated accounts maintained by Brown Brothers Harriman & Co.
The Funds’ swap
contracts (excluding centrally cleared swaps) are subject to master netting arrangements.
Credit Default Swaps
The Six Circles Global Bond Fund and Six Circles Credit Opportunities Fund entered into credit default swaps to simulate long and short bond positions or to
take an active long or short position with respect to the likelihood of a default or credit event by the issuer of the underlying reference obligation.
The underlying reference obligation may be a single issuer of corporate or sovereign debt, a basket of issuers or a credit index. A credit index is a list of
credit instruments or exposures that reference a fixed number of obligors with shared characteristics that represents some part of the credit market as a whole. Index credit default swaps have standardized terms including a fixed spread and standard
maturity dates. The composition of the obligations within a particular index changes periodically.
Credit default swaps involve one party, the protection
buyer, making a stream of payments to another party, the protection seller, in exchange for the right to receive a contingent payment if there is a credit event related to the underlying reference obligation. In the event that the reference
obligation matures prior to the termination date of the contract, a similar security will be substituted for the duration of the contract term. Credit events are defined under individual swap agreements and generally include bankruptcy, failure to
pay, restructuring, repudiation/moratorium, obligation acceleration and obligation default.
If a credit event occurs, the Funds, as protection sellers,
would be obligated to make a payment, which may be either: (i) a net cash settlement equal to the notional amount of the swap less the auction value of the reference obligation or (ii) the notional amount of the swap in exchange for the
delivery of the reference obligation. Selling protection effectively adds leverage to a Fund’s portfolio up to the notional amount of swap agreements.
The notional amount represents the maximum potential liability under a contract. Potential liabilities under these contracts may be reduced by: the auction
rates of the underlying reference obligations; upfront payments received at the inception of a swap; and net amounts received from credit default swaps purchased with the identical reference obligation.
Interest Rate Swaps
The Six Circles Global Bond Fund and
Six Circles Credit Opportunities Fund entered into interest rate swap contracts to manage fund exposure to interest rates and/or to preserve or generate a return on a particular investment or portion of its portfolio. These are agreements between
counterparties to exchange periodic payments based on interest rates. One cash flow stream will typically be a floating rate payment based upon a specified interest rate while the other is typically a fixed interest rate.
Total Return Swaps
The Six Circles Multi-Strategy Fund
entered into total return index swaps to gain exposure to specific indices and manage portfolio risk. These instruments can provide the Fund with ability to gain or reduce exposure to certain market segments without directly investing in underlying
securities.
A total return index swap is a contract in which one party agrees to pay the other the total return of a specified index, including both
capital gains and income, in exchange for periodic payments based on a fixed or floating interest rate.
