Skip to Content
Morningstar

VELA Income Opportunities A VIOAX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Funds Investment Hub
  • NAV / 1-Day Return 9.64  /  +0.10 %
  • Total Assets 29.0 Mil
  • Adj. Expense Ratio
    1.150%
  • Expense Ratio 1.150%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Large Value
  • Investment Style Mid Value
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 3.16%
  • Turnover 32%

USD | NAV as of May 16, 2024 | 1-Day Return as of May 16, 2024, 10:21 PM GMT+0

Morningstar’s Analysis VIOAX

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

  • People Pillar

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

VELA Income Opportunities A'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-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VIOAX

More VIOAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Greenbrier Companies Inc

3.62 1.0 Mil
Industrials

Sysco Corp

2.58 727,964
Consumer Defensive

Fidelity National Information Services Inc

2.43 686,060
Technology

Medtronic PLC

2.38 671,689
Healthcare

Civitas Resources Inc Ordinary Shares

2.37 670,163
Energy

Flowers Foods Inc

2.36 666,771
Consumer Defensive

Suncor Energy Inc

2.30 650,108
Energy

The Kraft Heinz Co

2.10 591,853
Consumer Defensive

Simon Property Group Inc

2.08 587,837
Real Estate

The Wendy's Co Class A

2.06 582,009
Consumer Cyclical