VIOIX – VELA Income Opportunities I Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to provide current income and the secondary investment objective is to provide long-term capital appreciation. The fund, under normal market conditions, invests at least 80% of its net assets in income producing securities. The fund may invest in common equities of large, mid and small capitalization companies (both domestic and foreign, including American Depository Receipts (“ADRs”)), real estate investment trusts (“REITs”), preferred equity securities, convertible securities, and master limited partnerships (“MLPs”). The fund will limit its investments in MLPs to less than 25% of net assets.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VIOIX	VELA Income Opportunities Fund Class I	Institutional	Open			Mar 31, 2022	$41.48M	0.840%	Above Average	$2,500	$5.11M
VIOAX	VELA Income Opportunities Fund Class A	Front Load	Open			Mar 31, 2022	$158,321.00	1.090%	Above Average	$1,000	$6,544.40

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