A middling People rating and a subpar Parent Pillar limit VELA Large Cap Plus A to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.
- NAV / 1-Day Return 13.57 / 1.27 %
- Total Assets 46.9 Mil
-
Adj. Expense Ratio
2.150%
- Expense Ratio 2.070%
- Distribution Fee Level High
- Share Class Type Front Load
- Category Large Blend
- Investment Style Large Blend
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 0.00
- Turnover 66%
Morningstar’s Analysis VELAX
Will VELAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
Summary
|- Current Portfolio Date Feb 28, 2023
- Equity Holdings 109
- Bond Holdings 0
- Other Holdings 3
- % Assets in Top 10 Holdings 24.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
Cash At Broker
7.05
3,300,475
Cash and Equivalents
Federated Hermes Treasury Obl IS
4.11
1,923,574
Cash and Equivalents