Morningstar

Vela Short Duration Fund - Class I VESDX

Morningstar Medalist Rating
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Medalist Rating as of See VELA Investment Management Investment Hub
  • NAV / 1-Day Return $9.95  /  −0.10 %
  • Fund Size $51.9M
  • Adjusted Expense Ratio 0.630%
  • Net Expense Ratio 0.660%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment $2,500
  • Investment Status Open
  • TTM Yield 4.28%
  • Average Effective Duration —
NAV and 1-Day Return as of

Morningstar’s Analysis VESDX

Will VESDX 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 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

VELA Short Duration 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.

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Portfolio Holdings VESDX

More VESDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

3.66 2M
Cash and Equivalents

United States Treasury Notes 3.75%

1.06 546,217
Government

United States Treasury Notes 3.875%

1.06 545,943
Government

United States Treasury Notes 3.875%

1.06 544,897
Government

United States Treasury Notes 3.375%

1.06 543,777
Government

Cantor Fitzgerald LP 7.2%

0.99 510,143
Corporate

Essent Group Ltd. 6.25%

0.98 504,532
Corporate

United States Treasury Notes 4.625%

0.97 500,671
Government

Viking Ocean Cruises Ship Vii Limited 5.625%

0.97 500,432
Corporate

United Rentals (North America), Inc. 6%

0.97 500,339
Corporate

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