AXS

AXS's longest-tenured managers do not have the same experience as teams at other firms. Specifically, average asset-weighted tenure within the firm is only three years, building concern in the group's ability to manage capital through a full market cycle effectively. The AXS portfolio management team has lacked continuity over the past five years, denoted by elevated levels of turnover, which bears watching. AXS funds have demonstrated industry-standard durability, with a 56% three-year success ratio. This means that 56% of products have both survived and beaten their respective category median.