Morningstar

VELA Large Cap Plus Fund Class I VELIX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Investment Management Investment Hub
  • NAV / 1-Day Return 17.03  /  −0.29 %
  • Total Assets 66.7M
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 1.030%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Large Blend
  • Investment Style Large Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 1.29%
  • Turnover 67%

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 12:51 AM GMT+0

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 32.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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5.32 3M
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Alphabet Inc Class A

5.02 3M
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Microsoft Corp

4.45 3M
Technology

Johnson & Johnson

2.81 2M
Healthcare

Baker Hughes Co Class A

2.68 2M
Energy

Thermo Fisher Scientific Inc

2.56 2M
Healthcare

Berkshire Hathaway Inc Class B

2.56 2M
Financial Services

Booking Holdings Inc

2.55 2M
Consumer Cyclical

Citigroup Inc

2.35 2M
Financial Services

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