VELA Short Duration Fund I (VESDX)
10.02
-0.01
(-0.10%)
USD |
May 19 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 0.64% | 44.32M | -- | 45.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| 11.06M | 4.13% |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income with a secondary objective of protection of capital and competitive total return. It will invest 80% of its assets in fixed income securities and will primarily own corporate bonds of US-domiciled companies with an overall weighted average credit rating of investment grade. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Short Investment Grade Debt Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Investment Grade Debt Funds |
| Fund Owner Firm Name | Vela Funds |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
50
-112.70M
Peer Group Low
1.615B
Peer Group High
1 Year
% Rank:
46
11.06M
-5.690B
Peer Group Low
6.766B
Peer Group High
3 Months
% Rank:
55
-2.968B
Peer Group Low
3.273B
Peer Group High
3 Years
% Rank:
32
-11.91B
Peer Group Low
7.258B
Peer Group High
6 Months
% Rank:
49
-4.269B
Peer Group Low
6.766B
Peer Group High
5 Years
% Rank:
39
-24.54B
Peer Group Low
9.097B
Peer Group High
YTD
% Rank:
52
-3.260B
Peer Group Low
6.765B
Peer Group High
10 Years
% Rank:
53
-10.55B
Peer Group Low
23.66B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of May 21, 2026.
Asset Allocation
As of April 30, 2026.
| Type | % Net |
|---|---|
| Cash | 1.07% |
| Stock | 0.00% |
| Bond | 98.19% |
| Convertible | 0.00% |
| Preferred | 0.00% |
| Other | 0.74% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| First American Treasury Obligations Fund X | 2.23% | 1.00 | 0.00% |
| Cantor Fitzgerald, L.P. CANFIT 7.2 12/12/2028 FIX USD Corporate 144A | 1.18% | 104.26 | 0.11% |
| Essent Group Ltd. ESSENGR 6.25 07/01/2029 FIX USD Corporate | 1.17% | 103.09 | 0.26% |
| ROYAL CARIBBEAN CRUISES LTD. RCL 6.25 03/15/2032 FIX USD Corporate 144A | 1.16% | 101.68 | 0.24% |
| Paramount Global PARAMGL 3.7 10/04/2026 VAR USD Corporate | 1.13% | 99.08 | -0.29% |
| MGIC Investment Corporation MGIC 5.25 08/15/2028 FIX USD Corporate | 1.08% | 99.97 | 0.25% |
| OAKTREE STRATEGIC CREDIT FUND OAKTSTR 8.4 11/14/2028 FIX USD Corporate | 1.07% | 105.40 | 0.25% |
| FORD MOTOR CREDIT COMPANY LLC F-MotCrLLC 5.8 03/08/2029 FIX USD Corporate | 1.04% | 101.11 | 0.23% |
|
CVS LEASE BACKED PASS THROUGH SERIES TRUST 06 CRT SCH FIX 6.036% 10-DEC-2028
|
1.03% | -- | -- |
| Viking Ocean Cruises Ship VII Ltd. VIKINOC 5.625 02/15/2029 FIX USD Corporate 144A | 1.03% | 99.96 | -0.02% |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | -- |
| Actual Management Fee | 0.30% |
| Administration Fee | 109.6K% |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 2500.00 None |
| Minimum Subsequent Investment | 0.00 None |
Basic Info
| Investment Strategy | |
| The Fund seeks to provide current income with a secondary objective of protection of capital and competitive total return. It will invest 80% of its assets in fixed income securities and will primarily own corporate bonds of US-domiciled companies with an overall weighted average credit rating of investment grade. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Bond USD Short Term |
| Peer Group | Short Investment Grade Debt Funds |
| Global Macro | Bond Short Term |
| US Macro | Short/Intermediate Investment-Grade Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Short Investment Grade Debt Funds |
| Fund Owner Firm Name | Vela Funds |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (5-18-26) | 4.34% |
| 30-Day SEC Yield | -- |
| 7-Day SEC Yield | -- |
| Number of Holdings | 10 |
| Bond | |
| Yield to Maturity (4-30-26) | 4.73% |
| Effective Duration | 1.40 |
| Average Coupon | 5.09% |
| Calculated Average Quality | 3.373 |
| Effective Maturity | 3.837 |
| Nominal Maturity | 5.416 |
| Number of Bond Holdings | 9 |
As of April 30, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/15/2023 |
| Last Annual Report Date | 9/30/2025 |
| Last Prospectus Date | 1/30/2026 |
| Share Classes | |
| VASDX | A |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:VESDX", "name") |
| Broad Asset Class: =YCI("M:VESDX", "broad_asset_class") |
| Broad Category: =YCI("M:VESDX", "broad_category_group") |
| Prospectus Objective: =YCI("M:VESDX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |