SFFIX — Sirios Focus Fund Series
Data updated: 2024-05-23
SFFIX — Sirios Focus Fund Series. United States Large Cap Blend / Core Equity · $24.01M AUM. Holdings, fees, performance and SEC filings.
SFFIX Fund Overview
SFFIX — Sirios Focus Fund Series is a US mutual fund managed by FundVantage Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: FundVantage Trust
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $24.01M
- 1-year return: 26.8%
- Ticker: SFFIX
- SEC CIK: 0001388485
- SEC series ID: S000070369
- Share class ID: C000223797
SFFIX Investment Objective and Strategy
Sirios Focus Fund Series describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
The Sirios Focus Fund (the Fund) seeks to achieve long-term capital appreciation.
Principal investment strategy
The Fund will typically invest in a portfolio consisting primarily of equity and equity-related securities of approximately 15 50 companies (the actual number of which may be fewer or greater depending upon the availability of investment opportunities). The Adviser generally seeks to invest in companies of both U.S. and foreign issuers with, in the opinion of the Adviser, significant long-term growth potential. The Fund is not managed to track the geographic or industry composition of any index, and is not expected to correlate with any index. The Adviser uses a fundamental, research-intensive approach to identify investment opportunities. The Adviser intends to focus a significant portion of the Funds investments in medium to large capitalization growth companies, but may invest in the securities of companies with any capitalization.
Generally, small capitalization companies will have an equity market capitalization of up to $1 billion, mid-capitalization companies will typically have an equity market capitalization between of $1 billion and $10 billion, and large capitalization companies will typically have an equity market capitalization of more than $10 billion. The Adviser attempts to identify companies with long-term earnings potential by focusing on earnings growth drivers such as new products, capital spending programs, acquisitions, volume and pricing trends, cost reduction and restructuring programs, and product mix changes. In addition to focusing on long-term earnings growth, the Adviser seeks to invest in companies that are trading at attractive valuations relative to their earnings and/or cash-flow growth.
Management incentives, including direct equity ownership, are also a critical variable in the investment selection process. In general, the Adviser selects investments for their long-term growth potential and attractive valuation. However, positions may also be taken in companies that are inherent value opportunities. The Fund is non-diversified, which means that a significant portion of the Funds assets may be invested in the securities of a single or small number of companies and/or in a more limited number of sectors than a diversified mutual fund. Although the Fund may not concentrate (invest 25% or more of its net assets) in any industry, the Fund may focus its investments from time to time in one or more sectors of the economy or stock market. The Fund may also use derivative instruments, such as options (including listed and over-the-counter options), forwards and swaps or combinations of such derivative instruments, as a substitute for investing directly in an underlying asset, to increase returns, to manage foreign currency risk, as part of a hedging strategy or for other purposes related to the management of the Fund.
Subject to the requirements of the Investment Company Act of 1940 (1940 Act), there is no limit to the amount of the Funds assets that may be invested in derivative instruments. The Fund may invest in fixed income securities and other debt instruments, including, without limitation, corporate bonds, high yield bonds (commonly known as junk bonds), distressed bonds, convertible bonds, bank loan participations, government securities and money market instruments. There are no limitations with respect to the quality, maturity and duration of the fixed income securities and other debt instruments in which the Fund may invest. The Funds investments may include securities of U.S. and foreign issuers, including securities of issuers in emerging market countries and securities denominated in a currency other than the U.S.
dollar. The Fund may maintain significant cash or cash equivalent positions. The Fund will usually sell a security if, in the view of the Adviser, there is a potential threat to the companys competitive advantage or a degradation in its prospects for vibrant, long-term earnings growth. The Adviser may also sell a security if it is deemed to be overvalued or if a more attractive investment opportunity exists. The Adviser typically invests in securities with the expectation of holding those investments on a long term basis. Notwithstanding the Advisers long term investment focus, the Adviser may purchase or sell securities for shorter periods under certain circumstances, including but not limited to, changes in the Advisers assessment of a companys long-term earnings potential, changes in market conditions, increased market volatility or large transactions in the Funds shares.
SFFIX Holdings
Top 10 holdings of Sirios Focus Fund Series by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Treasury Obligations Cash Management Fund | 26.86% |
| Tsmc | 5.70% |
| HEICO Corp | 4.96% |
| Meta Platforms Inc | 4.89% |
| Alcon Inc | 3.78% |
| General Electric Co | 3.27% |
| Roper Technologies Inc | 3.00% |
| Carlyle Group Inc/The | 2.83% |
| Boston Scientific Corp | 2.54% |
| Globus Medical Inc | 2.52% |
SFFIX Portfolio Allocation
Asset-class allocation of Sirios Focus Fund Series by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 71.0% |
| Cash & Equivalents | 26.9% |
| Derivatives | 1.8% |
SFFIX Performance
Total returns for SFFIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 26.8% |
| 3 years (annualised) | 9.0% |
SFFIX Risk Information
Risk metrics for SFFIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.7%
SFFIX Costs and Fees
SFFIX costs about $162 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.62%
- Gross expense ratio: 2.97%
- Portfolio turnover: 80%
- Brokerage commissions: 18.18 bps of average net assets (SEC N-CEN)
SFFIX Cashflows
Over the 12 months to 2024-03, Sirios Focus Fund Series had net inflows of $10.00M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $10.00M |
| 2024-02 | $0 |
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $0 |
SFFIX Debt Constituents
No individual debt constituents are reported in Sirios Focus Fund Series's latest SEC N-PORT filing.
SFFIX Prospectus and SEC Filings
Official Sirios Focus Fund Series filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-01-29
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus supplement (497) — filed 2023-02-06
- Portfolio holdings (N-PORT) — filed 2024-05-23
- Portfolio holdings (N-PORT) — filed 2024-02-23
- Portfolio holdings (N-PORT) — filed 2023-11-21
- Annual census (N-CEN) — filed 2023-12-14
- Annual census (N-CEN) — filed 2022-12-14
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.