Sirios

A cause for concern at Sirios is its inexperienced longest-tenured managers. In particular, the cohort has only five years of average asset-weighted tenure, negatively contributing to the rating. Open-end and exchange-traded fund fees are a weakness at the firm, contributing negatively to the rating. On average, the firm charges fees on its funds that are in the second most-expensive quintile of category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock to alternate asset managers over time to get a better deal. Turnover among Sirios portfolio management ranks has been low compared to other firms in the past five years. This stability on the personnel front boosts confidence in its staying power.