Morningstar

VELA Large Cap Plus Fund Class I VELIX

Morningstar Medalist Rating
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Medalist Rating as of See VELA Investment Management Investment Hub
  • NAV / 1-Day Return $17.70  /  −0.95 %
  • Fund Size $68.9M
  • Adjusted Expense Ratio 0.940%
  • Net Expense Ratio 1.030%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Large Blend
  • Equity Style Box (Funds) Large Value
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 1.28%
  • Turnover Ratio 67%
NAV and 1-Day Return as of

Morningstar’s Analysis VELIX

Will VELIX outperform in the 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 VELIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

VELA Large Cap Plus I 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.

by Morningstar Automated Analysis
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Portfolio Holdings VELIX

More VELIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

6.85 5M
Cash and Equivalents

Microsoft Corp

5.78 4M
Technology

Amazon.com Inc

5.01 3M
Consumer Cyclical

Alphabet Inc Class A

4.74 3M
Communication Services

Cash At Broker

3.77 3M
Cash and Equivalents

Meta Platforms Inc Class A

3.33 2M
Communication Services

Thermo Fisher Scientific Inc

2.61 2M
Healthcare

The Walt Disney Co

2.61 2M
Communication Services

Baker Hughes Co Class A

2.60 2M
Energy

Johnson & Johnson

2.54 2M
Healthcare

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