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Morningstar

VELA Small Cap I VESMX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Funds Investment Hub
  • NAV / 1-Day Return 18.43  /  +0.22 %
  • Total Assets 90.5 Mil
  • Adj. Expense Ratio
    1.160%
  • Expense Ratio 1.160%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Small Value
  • Investment Style Small Blend
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.61%
  • Turnover 41%

USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:18 PM GMT+0

Morningstar’s Analysis VESMX

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

  • People Pillar

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

VELA Small Cap I's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

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 VESMX

More VESMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Kirby Corp

5.66 5.2 Mil
Industrials

Federated Hermes Treasury Obl IS

5.18 4.8 Mil
Cash and Equivalents

Greenbrier Companies Inc

3.48 3.2 Mil
Industrials

Hub Group Inc Class A

3.42 3.2 Mil
Industrials

Applied Industrial Technologies Inc

3.37 3.1 Mil
Industrials

Range Resources Corp

3.17 2.9 Mil
Energy

Civitas Resources Inc Ordinary Shares

2.90 2.7 Mil
Energy

Axis Capital Holdings Ltd

2.84 2.6 Mil
Financial Services

Graham Holdings Co

2.75 2.5 Mil
Consumer Defensive

Casey's General Stores Inc

2.63 2.4 Mil
Consumer Cyclical