Vela Large Cap Plus Fund Class A (VELAX) Fund Details & Analysis

Fund Information

Fund Category Large Blend

Fund Family VELA Funds

Fund Style Large Value

ISIN US92262L3015

CUSIP -

Inception Date -

Domicile -

Country USA

Fiscal Year End -

NAV Chart

Fund Metrics

Net Assets $60.56 Million

Share Class Net Assets $-

Expense Ratio 1.27%

Expense Ratio Date -

Dividend Yield 0.01%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return -%

1-Year Return 7.92%

3-Year Return 11.04%

5-Year Return 7.21%

NAV $16.67

Previous Close Price $16.63

Last Update 2026-03-31

Dividend Information

Dividend Yield 0.01%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About VELA Large Cap Plus Fund Class A

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 173789.09%

Giant 30.30%

Large 33.98%

Medium 24.70%

Micro 0.00%

Small 8.20%

Value & Growth Metrics

Book-Value Growth % 9.25%

Cash-Flow Growth % 8.99%

Dividend Yield % 1.25%

Historical Earnings % 6.15%

Long-Term Earnings % 10.97%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.70%	0.00%
Cash	8.75%	8.75%	0.00%	1.46%	0.00%
Non US Stock	5.44%	6.34%	0.90%	2.37%	0.75%
Not Classified	0.00%	0.00%	0.00%	0.03%	0.00%
Other	0.00%	0.00%	0.00%	1.76%	0.00%
US Stock	85.81%	92.92%	7.10%	95.19%	99.25%

Top Holdings

Name	Weight	Owned	Change
Microsoft Corp.	4.90%	-	-
Alphabet, Inc.	5.14%	-	-
Meta Platforms, Inc.	2.79%	-	-
Apple, Inc.	2.93%	-	-
Berkshire Hathaway, Inc.	2.67%	-	-
Johnson Johnson	3.51%	-	-
Federated Hermes Treasury Oligations Fund	8.30%	-	-
salesforce.com, Inc.	2.30%	-	-
JB Hunt Transport Services, Inc.	2.28%	-	-
Energy Transfer LP	2.18%	-	-
Amazon.com, Inc.	4.73%	-	-
ServiceNow, Inc.	2.51%	-	-
Citigroup, Inc.	2.81%	-	-
Booking Holdings, Inc.	2.33%	-	-
First American Treasury Obligations Fund	3.21%	-	-
Thermo Fisher Scientific, Inc.	3.12%	-	-
Infineon Technologies AG	2.39%	-	-
Microsoft Corporation	4.61%	-	-
Infineon Technologies A.G.	2.72%	-	-

See the full breakdown of VELAX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	75.10%	100.00%	0.00%
Bond Sector	Corporate	0.00%	5.46%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.00%	0.00%	0.00%
Bond Sector	Government	0.00%	9.83%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.02%	0.00%	0.00%
Bond Sector	Securitized	0.00%	9.60%	0.00%	0.00%
Cyclical	Basic Materials	1.35%	2.18%	0.00%	1.77%
Cyclical	Consumer Cyclical	14.15%	9.81%	0.00%	10.10%
Cyclical	Financial Services	14.13%	12.84%	0.00%	11.67%
Cyclical	Real Estate	0.00%	1.61%	0.00%	1.79%
Defensive	Consumer Defensive	3.21%	4.99%	0.00%	4.78%
Defensive	Healthcare	13.60%	10.09%	0.00%	8.55%
Defensive	Utilities	0.00%	2.59%	0.00%	2.30%
Sensitive	Communication Services	11.93%	10.12%	0.00%	11.36%
Sensitive	Energy	6.05%	3.84%	0.00%	3.54%
Sensitive	Industrials	13.87%	10.52%	0.00%	8.64%
Sensitive	Technology	21.71%	31.41%	0.00%	35.51%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	0.09%	-	0.19%
Americas	North America	97.92%	95.33%	99.25%
Greater Asia	Asia Developed	0.45%	-	-
Greater Asia	Asia Emerging	0.15%	-	0.10%
Greater Asia	Australasia	0.00%	-	-
Greater Asia	Japan	0.04%	-	-
Greater Europe	Africa/Middle East	0.02%	-	-
Greater Europe	Europe Developed	0.88%	3.02%	0.40%
Greater Europe	Europe Emerging	0.00%	-	-
Greater Europe	United Kingdom	0.44%	1.62%	0.06%

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-20	$0.003	$0.003	USD	-	-	-	-
2020-12-22	$0.011	$0.011	USD	-	2020-12-21	2020-12-22	Annual

View the full dividend history for VELAX.

VELA Large Cap Plus Fund Class A NMFQS:VELAX