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Morningstar

VELA Income Opportunities I VIOIX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Funds Investment Hub
  • NAV / 1-Day Return 9.63  /  +0.10 %
  • Total Assets 29.0 Mil
  • Adj. Expense Ratio
    0.900%
  • Expense Ratio 0.900%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Large Value
  • Investment Style Mid Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 3.42%
  • Turnover 32%

USD | NAV as of May 15, 2024 | 1-Day Return as of May 15, 2024, 10:24 PM GMT+0

Morningstar’s Analysis VIOIX

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

  • People Pillar

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

VELA Income Opportunities 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

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings VIOIX

More VIOIX 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