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Morningstar

VELA Short Duration I VESDX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Funds Investment Hub
  • NAV / 1-Day Return 9.99  /  +0.01 %
  • Total Assets 10.6 Mil
  • Adj. Expense Ratio
    0.690%
  • Expense Ratio 0.690%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield —
  • Effective Duration —

USD | NAV as of May 15, 2024 | 1-Day Return as of May 15, 2024, 10:27 PM GMT+0

Morningstar’s Analysis VESDX

Will VESDX 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 VESDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit VELA Short Duration I to a Morningstar Medalist Rating of Negative.

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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings VESDX

More VESDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 19.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

4.75 496,851
Government

Federated Hermes Treasury Obl IS

3.50 366,539
Cash and Equivalents

United States Treasury Bills 0%

2.36 247,155
Government

United States Treasury Bills 0%

2.34 244,916
Government

Verizon Communications Inc. 6.6686%

1.93 202,412
Corporate

Howmet Aerospace Inc 6.875%

1.93 201,716
Corporate

Delta Air Lines Inc. 7%

1.93 201,536
Corporate

Vail Resorts, Inc. 6.25%

1.91 200,421
Corporate

Hewlett Packard Enterprise Company 5.9%

1.91 200,092
Corporate

EQT Corporation 6.125%

1.91 200,043
Corporate