SLHIX — Sirios Long/Short Fund
Data updated: 2024-05-23
SLHIX — Sirios Long/Short Fund. United States Large Cap Blend / Core Equity · $35.05M AUM · 1.66% expense ratio. Holdings, fees, performance and SEC filings.
SLHIX Fund Overview
SLHIX — Sirios Long/Short Fund 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: $35.05M
- 1-year return: 19.5%
- Ticker: SLHIX
- SEC CIK: 0001388485
- SEC series ID: S000061763
- Share class ID: C000200017
SLHIX Investment Objective and Strategy
Sirios Long/Short Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by FundVantage Trust.
Investment objective
The Sirios Long/Short Fund (the Fund) seeks to achieve long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Fund invests in equity securities and equity-related instruments, including derivatives. The Funds portfolio of equity securities may include, without limitation, common and preferred stocks, convertible securities, rights and warrants, depositary receipts, real estate investment trusts, pooled investment vehicles, including other investment companies and exchange-traded funds (ETFs). The Fund may invest in fixed income securities and other debt instruments, including, without limitation, corporate bonds, convertible bonds, bank loan participations, government securities and money market instruments. The Fund may invest in securities of issuers of any market capitalization. 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. In addition, the Fund will typically maintain a cash or cash equivalent position, generally in the range of 0%-40% of the Funds assets. The Fund expects to maintain significant short positions in equity securities and equity-related instruments, including the derivative instruments described below and shares of ETFs. Although the Fund intends to maintain an overall net long position in its portfolio investments under normal market conditions, during periods of stress and deteriorating fundamentals, the Adviser may increase the Funds short positions to a level approaching or exceeding the value of the Funds overall long position, exclusive of the Funds cash and cash equivalent positions. In such instances where the Fund maintains a net short position in its portfolio investments, the Fund will maintain sufficient asset coverage for its short positions.
The Fund may use derivative instruments, such as options (including listed and over-the-counter options), forwards and total return swaps or combinations of such derivative instruments, as a substitute for investing directly in an underlying asset, as an alternative to selling a security short, 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. There is no limit to the amount of the Funds assets that may be invested in derivative instruments. In managing the Fund, the Adviser takes long positions in companies that exhibit earnings growth potential combined with attractive valuation and short positions in sector and index hedges, puts (single name and indices), and securities of companies with deteriorating fundamentals and/or valuation.
The Adviser intends to focus a significant portion of the Funds investments in medium to large capitalization growth companies, but the Fund may invest in or have exposure to companies of any size. Generally, small capitalization companies will have an equity market capitalization up to $1 billion, mid-capitalization companies will typically have an equity market capitalization between $1 billion and $10 billion, and large capitalization companies will typically have an equity market capitalization more than $10 billion. The Adviser seeks to maintain the Funds net equity exposure between 0% and 90%. Net equity exposure is the value of the Funds long positions minus its short positions. The Adviser expects that the Funds gross equity exposure will generally be below 150%. Gross equity exposure is the value of the Funds long positions plus its short positions.
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 is not managed to track the geographic or industry composition of any index, and is not expected to correlate with any index. The Funds short sales creates leverage in the Fund which may amplify changes in the Funds net asset value. The Fund may also lend portfolio securities to brokers, dealers and other financial organizations meeting capital and other credit requirements or other criteria established by the Funds Board of Trustees.
Loans of portfolio securities will be collateralized by liquid securities and cash. The Fund may invest cash collateral received in securities consistent with its principal investment strategy.
SLHIX Holdings
Top 10 holdings of Sirios Long/Short Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Treasury Obligations Cash Management Fund | 31.70% |
| Alcon Inc | 3.79% |
| General Electric Co | 3.50% |
| Roper Technologies Inc | 3.06% |
| HEICO Corp | 3.03% |
| Carlyle Group Inc/The | 2.99% |
| Tsmc | 2.85% |
| Globus Medical Inc | 2.69% |
| Boston Scientific Corp | 2.60% |
| Microsoft Corp | 2.47% |
SLHIX Portfolio Allocation
Asset-class allocation of Sirios Long/Short Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 65.9% |
| Cash & Equivalents | 31.7% |
| Derivatives | 2.0% |
SLHIX Performance
Total returns for SLHIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 19.5% |
| 3 years (annualised) | 7.2% |
SLHIX Risk Information
Risk metrics for SLHIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.8%
SLHIX Costs and Fees
SLHIX costs about $166 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.66%
- Gross expense ratio: 2.46%
- Portfolio turnover: 79%
- Brokerage commissions: 19.83 bps of average net assets (SEC N-CEN)
SLHIX Cashflows
Over the 12 months to 2024-03, Sirios Long/Short Fund had net inflows of $0, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | $0 |
| 2024-02 | $0 |
| 2024-01 | $0 |
| 2023-12 | $0 |
| 2023-11 | $0 |
| 2023-10 | $0 |
SLHIX Debt Constituents
No individual debt constituents are reported in Sirios Long/Short Fund's latest SEC N-PORT filing.
SLHIX Prospectus and SEC Filings
Official Sirios Long/Short Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-01-31
- Prospectus supplement (497) — filed 2024-02-06
- 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.