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.
VELA Large Cap Plus I VELIX
- NAV / 1-Day Return 16.28 / −0.31 %
- Total Assets 64.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.380%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Large Blend
- Investment Style Large Blend
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 0.03%
- Turnover 44%
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:18 PM GMT+0
Morningstar’s Analysis VELIX
Will VELIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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 |