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Morningstar

VELA Large Cap Plus A VELAX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Funds Investment Hub
  • NAV / 1-Day Return 15.93  /  +0.06 %
  • Total Assets 63.7 Mil
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.630%
  • 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 —
  • Turnover 44%

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis VELAX

Will VELAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VELAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VELAX 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 VELAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

VELA Large Cap Plus A's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VELAX

More VELAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

4.98 3.3 Mil
Technology

Alphabet Inc Class A

3.98 2.6 Mil
Communication Services

Federated Hermes Treasury Obl IS

3.90 2.6 Mil
Cash and Equivalents

Meta Platforms Inc Class A

2.93 1.9 Mil
Communication Services

Berkshire Hathaway Inc Class B

2.90 1.9 Mil
Financial Services

Enterprise Products Partners LP

2.50 1.6 Mil
Energy

Cash At Broker

2.50 1.6 Mil
Cash and Equivalents

Apple Inc

2.43 1.6 Mil
Technology

Salesforce Inc

2.36 1.6 Mil
Technology

Nutanix Inc Class A

2.19 1.4 Mil
Technology