497 1 d191459d497.htm SIX CIRCLE TRUST Six Circle Trust

SIX CIRCLES® TRUST

Six Circles Managed Equity Portfolio U.S. Unconstrained Fund

Six Circles Managed Equity Portfolio International Unconstrained Fund

Supplement dated January 4, 2022

to the Prospectus dated May 1, 2021, as supplemented

Effective immediately, Alan Mason of BlackRock Investment Management, LLC (“BlackRock”) is removed as a portfolio manager to the Six Circles Managed Equity Portfolio U.S. Unconstrained Fund (the “MEP U.S. Unconstrained Fund”) and the Six Circles Managed Equity Portfolio International Unconstrained Fund (the “MEP International Unconstrained Fund”, and together with the MEP U.S. Unconstrained Fund, the “Funds”), and Paul Whitehead and Peter Sietsema of BlackRock are added as portfolio managers to the Funds. Accordingly, effective immediately, the portfolio manager information for BlackRock in the “Risk/Return Summary — Management — Sub-Advisers” section of the Summary Prospectus and Prospectus related to BlackRock is hereby deleted in its entirety and replaced with the following:

BlackRock

 

     
Portfolio Manager   Managed the
Fund Since		    Primary Title with
Sub-Adviser
Suzanne Henige, CFA   2019    Director
Jennifer Hsui, CFA   Inception    Managing Director
Peter Sietsema   2022    Director
Paul Whitehead   2022    Managing Director
Amy Whitelaw   Inception    Managing Director

In addition, effective immediately, the “The Funds’ Management and Administration — The Portfolio Managers — Sub-Advisers — MEP U.S. Unconstrained Fund and MEP International Unconstrained Fund — BlackRock — Portfolio Managers” section of the Prospectus is hereby deleted in its entirety and replaced by the following:

Portfolio Managers:

Suzanne Henige, CFA, Jennifer Hsui, CFA, Peter Sietsema, Paul Whitehead and Amy Whitelaw serve as portfolio managers of the MEP U.S. Unconstrained Fund and the MEP International Unconstrained Fund.

Suzanne Henige, CFA, Director and Senior Portfolio Manager, is a member of BlackRock’s EII Portfolio Engineering group. She currently leads the Sub-Advised PE team which is responsible for managing US and Developed markets Mutual Funds and Sub-Advised portfolios. Mrs. Henige’s service with BlackRock dates back to 2009. Prior to her current role, she managed portfolios in the iShares Emerging Markets and US Institutional teams. Before transitioning to the portfolio management team in 2011, she was a team lead in Client Reporting. Mrs. Henige began her career as an Officer in the International Developed Fund Accounting team at State Street in 2003. Mrs. Henige earned a BS degree in managerial economics and an MBA degree from University of California, Davis in 2003 and 2012, respectively.

Jennifer Hsui, CFA, Managing Director, is Chief Investment Officer for Global Portfolio Engineering within BlackRock’s EII team. She is responsible for overseeing investment strategies in iShares ETFs and Institutional Index Equity products. Ms. Hsui’s service with BlackRock dates back to 2006, including her years with Barclays Global Investors (“BGI”), which merged with BlackRock in 2009. Prior to her current role, Ms. Hsui was a senior portfolio manager and led the Emerging Markets Portfolio Engineering teams in the Americas within EII. At BGI, she led the team responsible for the domestic institutional equity index funds. Prior to joining BGI, she worked as an equity research analyst covering the medical devices industry at RBC Capital Markets. Ms. Hsui earned a BS degree in economics and biology from the University of California, Berkeley.

Peter Sietsema, Director, is a member of BlackRock’s Index Equity Portfolio Management Group. He is responsible for the Sub-Advised vehicles. Mr. Sietsema was previously responsible for the management of a broad range of US equity portfolios. Mr. Sietsema’s service with the firm dates back to 2007, including his years with BGI, which merged with BlackRock in 2009. At BGI, he was a portfolio manager within the US Index Portfolio Management group in San Francisco. Mr. Sietsema began his career as Senior Manager of Alternative Investments at State Street. Mr. Sietsema earned a BS degree in business administration from California State University, Sacramento, in 2000.

Paul Whitehead, Managing Director, Co-Head of Index Equity. Mr. Whitehead is the Co-Head of the BlackRock’s ETF and Index Investments business. He is responsible for overseeing the management of Institutional and iShares funds. Paul was previously the Global Head of Equity Trading and the Global Head of Transition Management within BlackRock’s Global Trading Group. Mr. Whitehead’s service with the firm dates back to 1996, including his years with BGI, which merged with BlackRock in 2009. Prior to assuming his current role, Mr. Whitehead was Head of Americas Equity Trading. Previously, he managed the trading team responsible for all Institutional Index funds, Exchange Traded funds, and Transition Management mandates. Mr. Whitehead represents BlackRock on the board of Luminex, a buy-side owned Alternative Trading System launched in 2015. Mr. Whitehead earned a BS degree in economics at the University of Colorado in 1993.

Amy Whitelaw, Managing Director, is the Co-Head of Americas Portfolio Engineering within BlackRock’s EII team. She oversees the Americas Index Equity Portfolio Engineering team and is responsible for the teams that manage iShares ETFs and Institutional Index Equity product ranges. Ms. Whitelaw also co-chairs BlackRock’s Global Women’s Initiative Network and formerly co-chaired the Women’s Initiative Network on the West Coast. Ms. Whitelaw’s service with BlackRock dates back to 1999, including her years with BGI, which merged with BlackRock in 2009. At BGI, she led the Defined Contribution Portfolio Management team in Client Solutions, responsible for the management of defined contribution strategies for institutional and retail investors. Previously, Ms. Whitelaw worked in the Transition Services group as both a transition manager and strategist, and was also an international equity trader on BGI’s trading desk. Prior to BGI, she worked in the Institutional Derivatives Sales group at Goldman Sachs. Ms. Whitelaw earned a BA degree in International studies and French from Dickinson College in 1993.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE

PROSPECTUS FOR FUTURE REFERENCE

J.P. Morgan is committed to making our products and services accessible to meet the financial services needs of all our clients. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us at accessibility.support@jpmorgan.com for assistance.

 

SUPP-6C-2022-5

SIX CIRCLES® TRUST

Six Circles Managed Equity Portfolio U.S. Unconstrained Fund

Six Circles Managed Equity Portfolio International Unconstrained Fund

Supplement dated January 4, 2022

to the Statement of Additional Information dated May 1, 2021, as supplemented

Effective immediately, the information for BlackRock Investment Management, LLC (“BlackRock”) with respect to the Six Circles Managed Equity Portfolio U.S. Unconstrained Fund and the Six Circles Managed Equity Portfolio International Unconstrained Fund in the first table in the “Portfolio Managers — Portfolio Managers’ Other Accounts Managed — Sub-Advisers” section of Part I is hereby deleted and replaced with the following:

 

     Non-Performance Based Fee Advisory Accounts  
     Registered Investment
Companies		      Other Pooled Investment
Vehicles		      Other Accounts  
     Number
of
Accounts		      Total Assets
($ thousands)		      Number
of
Accounts		      Total Assets
($ thousands)		      Number
of
Accounts		      Total Assets
($ thousands)		  

MEP U.S. Unconstrained Fund

 

BlackRock

 

Suzanne Henige, CFA      79        159,300        5        3,710        —        —  
Jennifer Hsui, CFA      335        1,650,000,000        63        92,130,000        30        33,260,000  
Peter Sietsema*      —        —        82        208,800,000        46        122,400,000  
Paul Whitehead*      —        —        —        —        —        —  
Amy Whitelaw      366        1,710,000,000        114        50,570,000        —        —  

MEP International Unconstrained Fund

 

BlackRock

 

Suzanne Henige, CFA      79        160,000        5        3,710        —        —  
Jennifer Hsui, CFA      335        1,650,000,000        63        92,130,000        30        33,260,000  
Peter Sietsema*      —        —        82        208,800,000        46        122,400,000  
Paul Whitehead*      —        —        —        —        —        —  
Amy Whitelaw      366        1,710,000,000        114        50,570,000        —        —  

 

*

As of November 30, 2021

Suzanne Henige, CFA, Jennifer Hsui, CFA, Peter Sietsema, Paul Whitehead and Amy Whitelaw do not manage any registered investment companies, other pooled investment vehicles or other accounts with performance based fees.

Additionally, effective immediately, the references to Alan Mason in the “Discretionary Incentive Compensation — Mses. Hsui, Henige and Whitelaw and Mr. Mason” sub-section of the “Portfolio Manager Compensation — BlackRock (including BIL and BSL)” section of Part II are hereby deleted and replaced with references to Peter Sietsema and Paul Whitehead.

 

INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH THE

STATEMENT OF ADDITIONAL INFORMATION FOR FUTURE REFERENCE

J.P. Morgan is committed to making our products and services accessible to meet the financial services needs of all our clients. If you are a person with a disability and need additional support accessing this material, please contact your J.P. Morgan team or email us at accessibility.support@jpmorgan.com for assistance.

 

SUPP-6C-2022-6