VELA Short Duration A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.
Vela Short Duration Fund - Class A VASDX
- NAV / 1-Day Return 10.03 / −0.20 %
- Total Assets 44.4M
-
Adj. Expense Ratio
0.890%
- Expense Ratio 0.910%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Short-Term Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 4.06%
- Effective Duration —
USD | NAV as of Jun 06, 2026 | 1-Day Return as of Jun 06, 2026, 3:14 AM GMT+0
Morningstar’s Analysis VASDX
Will VASDX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the VASDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VASDX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 10.9
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
First American Treasury Obligs X | 2.25 | 983,447 | Cash and Equivalents |
Cantor Fitzgerald LP 7.2% | 1.19 | 521,266 | Corporate |
Essent Group Ltd. 6.25% | 1.18 | 517,627 | Corporate |
Royal Caribbean Group 6.25% | 1.17 | 511,373 | Corporate |
Paramount Global 3.7% | 1.14 | 497,480 | Corporate |
MGIC Investment Corp. 5.25% | 1.09 | 474,996 | Corporate |
Oaktree Strategic Credit Fund 8.4% | 1.08 | 472,891 | Corporate |
Ford Motor Credit Company LLC 5.8% | 1.04 | 456,286 | Corporate |
Cvspas 6.036 12/10/28 | 1.04 | 456,045 | Corporate |
Viking Ocean Cruises Ship Vii Limited 5.625% | 1.04 | 454,579 | Corporate |
United States