VELA Large Cap Plus I (VELIX)
13.34
+0.05 (+0.38%)
USD |
Apr 14
Returns Chart
Key Stats
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| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 1.20% | 23.92M | 0.00% | -- |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| -- | -- | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide long-term capital appreciation. The fund, under normal market conditions, invests at least 80% of its net assets in long and short positions in U.S. equity securities with large market capitalizations. Equity securities consist of common and preferred stocks. Under normal market conditions, the adviser intends to maintain its net exposure in the range of 80% - 100% (long market value minus short market value). However, the long and short positions held by the fund will vary in size as market opportunities change. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | VELIX |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | US Equity |
| Broad Category | Equity |
| Category Name | Large Blend |
| Category Index | -- |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | VELA Investment Management |
| Prospectus Benchmark Index | |
| N/A | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Kyle Schneider | 0.50 yrs |
| Ric Dillon | 0.50 yrs |
Net Fund Flows Versus Category
1 Month
% Rank:
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Category Low
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Category High
1 Year
% Rank:
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-29.06B
Category Low
13.26B
Category High
3 Months
% Rank:
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Category Low
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Category High
3 Years
% Rank:
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Category Low
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Category High
6 Months
% Rank:
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Category Low
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Category High
5 Years
% Rank:
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Category Low
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Category High
YTD
% Rank:
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Category Low
--
Category High
10 Years
% Rank:
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Category Low
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Category High
As of March 31, 2021
Performance Versus Category
As of April 13, 2021. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
Edit comparables
As of April 13, 2021.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Microsoft Corp | 4.20% | 255.59 | -1.12% |
| Berkshire Hathaway Inc Class B | 4.17% | 267.53 | 0.16% |
| Apple Inc | 3.82% | 132.03 | -1.79% |
| American International Group Inc | 2.73% | 47.49 | 1.71% |
| Humana Inc | 2.70% | 422.75 | 1.35% |
| Alphabet Inc A | 2.63% | 2241.91 | -0.56% |
| Bank of America Corp | 2.52% | 39.88 | 1.42% |
| Exelon Corp | 2.52% | 45.45 | 0.62% |
| Medtronic PLC | 2.48% | 123.90 | 0.22% |
| Northrop Grumman Corp | 2.48% | 341.82 | 0.95% |
Basic Info
| Investment Strategy | |
| The investment seeks to provide long-term capital appreciation. The fund, under normal market conditions, invests at least 80% of its net assets in long and short positions in U.S. equity securities with large market capitalizations. Equity securities consist of common and preferred stocks. Under normal market conditions, the adviser intends to maintain its net exposure in the range of 80% - 100% (long market value minus short market value). However, the long and short positions held by the fund will vary in size as market opportunities change. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | VELIX |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | US Equity |
| Broad Category | Equity |
| Category Name | Large Blend |
| Category Index | -- |
| Prospectus Objective | Growth |
| Fund Owner Firm Name | VELA Investment Management |
| Prospectus Benchmark Index | |
| N/A | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Kyle Schneider | 0.50 yrs |
| Ric Dillon | 0.50 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (4-13-21) | 0.00% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 25.16 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of March 31, 2021
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 9/30/2020 |
| Last Annual Report Date | -- |
| Last Prospectus Date | 12/31/2020 |
| Share Classes | |
| VELAX | A |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |