Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.22% 60.77M 0.17% 18.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
34.48M 17.87% 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 U.S. equity securities with small market capitalizations that the Adviser believes are undervalued. Equity securities consist of common and preferred stocks. Small cap companies are defined by the Adviser as companies with market capitalizations in the range of those market capitalizations of companies included in the S&P 600 Index at the time of purchase.
General
Security Type Mutual Fund
Oldest Share Symbol VESMX
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Small Value
Category Index Russell 2000 Value TR USD
Prospectus Objective Small Company
Fund Owner Firm Name VELA Investment Management
Prospectus Benchmark Index
S&P SmallCap 600 TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Jeannette Hubbard 1.25 yrs
Ric Dillon 1.25 yrs
Brian Hilderbrand 0.60 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 26
34.48M
-2.417B Category Low
4.893B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of December 31, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of January 21, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
--
--
--
--
--
--
31.59%
-4.97%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
28.71%
-7.66%
-3.52%
25.16%
8.97%
-16.18%
21.60%
0.73%
32.40%
-5.04%
-2.65%
24.08%
8.89%
-17.33%
21.95%
-5.81%
43.51%
-6.16%
-2.10%
31.85%
10.80%
-20.80%
28.19%
-6.40%
23.36%
-7.31%
-2.67%
26.01%
10.58%
-16.86%
34.07%
9.31%
37.38%
-6.12%
As of January 21, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-21-22) 0.17%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 17.00
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 December 31, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of December 31, 2021

Asset Allocation

As of December 31, 2021.
Type % Net % Long % Short
Cash 9.38% Upgrade Upgrade
Stock 90.62% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Federated Hermes Treasury Obl IS 9.38% 1.00 0.00%
Kirby Corp 5.03% 62.41 -3.93%
Hub Group Inc Class A 3.91% 77.59 0.12%
Live Oak Bancshares Inc 3.84% 64.77 -5.22%
Greenbrier Companies Inc 3.09% 37.73 -3.55%
Hanesbrands Inc 2.96% 15.73 0.19%
Envista Holdings Corp Ordinary Shares 2.87% 42.88 -0.60%
Civitas Resources Inc Ordinary Shares 2.86% 50.35 -6.19%
Ashland Global Holdings Inc 2.83% 96.70 -1.42%
Washington Trust Bancorp Inc 2.74% 58.25 0.81%

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment 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 U.S. equity securities with small market capitalizations that the Adviser believes are undervalued. Equity securities consist of common and preferred stocks. Small cap companies are defined by the Adviser as companies with market capitalizations in the range of those market capitalizations of companies included in the S&P 600 Index at the time of purchase.
General
Security Type Mutual Fund
Oldest Share Symbol VESMX
Equity Style Small Cap/Value
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Small Value
Category Index Russell 2000 Value TR USD
Prospectus Objective Small Company
Fund Owner Firm Name VELA Investment Management
Prospectus Benchmark Index
S&P SmallCap 600 TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Jeannette Hubbard 1.25 yrs
Ric Dillon 1.25 yrs
Brian Hilderbrand 0.60 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (1-21-22) 0.17%
30-Day SEC Yield --
7-Day SEC Yield --
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 17.00
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 December 31, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of December 31, 2021

Fund Details

Key Dates
Inception Date 9/30/2020
Last Annual Report Date 9/30/2021
Last Prospectus Date 1/12/2022
Share Classes
VESAX 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

Top Portfolio Holders

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