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Morningstar

VELA Funds Mutual Funds

View all of VELA Funds’s mutual funds and start searching for your next investment. Below are pre-screened investment lists to kickstart the process. All lists can be further sorted by data points such as Morningstar Ratings, Total Return Rankings, Fee Level Rating and Morningstar Category.

VELA Funds Funds List

Share Class Type

1 to 10 of 10 Results

Name
Ticker
Morningstar Category
Morningstar Rating for Funds
Overall
Morningstar Sustainability Rating
Total Return
YTD
Total Return Rank in Category
YTD
Adjusted Expense Ratio
Fee Level
Distribution
Share Class Type
Minimum Initial Investment
VELA International IVEITXForeign Large Blend0.78%771.150%HighInstitutional$2,500
VELA Small Cap AVESAXSmall Value6.96%31.410%HighFront Load$1,000
VELA Small Cap IVESMXSmall Value6.53%21.160%HighInstitutional$2,500
VELA International AVEILXForeign Large Blend1.87%781.400%HighFront Load$1,000
VELA Large Cap Plus AVELAXLarge Blend4.94%751.400%HighFront Load$1,000
VELA Large Cap Plus IVELIXLarge Blend5.03%731.150%HighInstitutional$2,500
VELA Income Opportunities AVIOAXLarge Value—3.47%821.150%Above AverageFront Load$1,000
VELA Income Opportunities IVIOIXLarge Value—3.86%810.900%HighInstitutional$2,500
VELA Short Duration AVASDXShort-Term Bond—0.72%290.940%HighFront Load$1,000
VELA Short Duration IVESDXShort-Term Bond—1.24%90.690%HighInstitutional$2,500

VELA Funds Funds - Default List Criteria

This list shows only funds that are open to new purchases or limited and does not include funds that are closed to new investments.

Quick Definitions: Key Morningstar Terms

  • Category

    A category is a way to group investments based on similar risk, return, and behavior profiles.

  • Morningstar Medalist Rating for Funds

    The Morningstar Medalist Rating for funds is a five-tier system used to analyze how fees will impact different securities in the long term.

  • Morningstar Rating™ for Funds

    The Morningstar Rating for Funds, often referred to as the Star Rating, measures a fund’s past performance compared to similar funds on a risk-adjusted basis.

  • Percentile Rank

    Percentile rank is how an investment’s return, risk, or other metric compares with other investments in its Morningstar Category.

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