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Trending ETFs

Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.03

$40.7 M

2.25%

$0.29

1.15%

Vitals

YTD Return

1.2%

1 yr return

12.8%

3 Yr Avg Return

3.0%

5 Yr Avg Return

N/A

Net Assets

$40.7 M

Holdings in Top 10

31.4%

52 WEEK LOW AND HIGH

$13.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.15%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/25/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$13.03

$40.7 M

2.25%

$0.29

1.15%

VEITX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.14%
DIVIDENDS
  • Dividend Yield 2.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    VELA International Fund
  • Fund Family Name
    VELA Funds
  • Inception Date
    Sep 30, 2020
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Sharpe

Fund Description

The fund, under normal market conditions, invests its assets primarily in non-U.S. equity securities of companies of any size (including small capitalization, mid capitalization and large capitalization companies) that the Adviser believes are undervalued. Equity securities consist of common and preferred stocks. Under normal market conditions, the fund will invest at least 80% of its net assets in securities issued by companies (i) that are headquartered or have their principal place of business outside the U.S., (ii) whose primary trading markets are outside the U.S. or (iii) that have at least 50% of their assets in, or derive at least 50% of their total revenues or profits from, goods or services produced in or sales made in countries outside the U.S. The fund intends to diversify its investments across different countries and regions. The fund may invest up to 30% of its total assets in securities of companies located in emerging market countries. Emerging market countries include those generally recognized to be an emerging market country by the international financial community; classified by the United Nations as a developing country; or classified as an emerging market country by Morningstar, Inc., or other index or data provider.

The Adviser focuses on estimating a company’s value independent of its current stock price. To estimate a company’s value, the Adviser concentrates on the fundamental economic drivers of the business. The primary focus is on “bottom-up” analysis, which takes into consideration earnings, revenue growth, operating margins, balance sheet strength, free cash flow generation, management stewardship, and other economic factors. The Adviser also considers the level of industry competition, regulatory factors, the threat of technological obsolescence, and a variety of other industry factors. If the Adviser’s estimate of a company’s value differs sufficiently from the current market price, the company may be an attractive investment opportunity. In constructing a portfolio of securities, the Adviser is not constrained by the sector or industry weights in the benchmark. The Adviser relies on individual stock selection and discipline in the investment process to add value. The highest portfolio security weights are assigned to companies where the Adviser has the highest level of confidence.

Once a stock is selected, the Adviser continues to monitor the company’s strategies, financial performance, and competitive environment. The Adviser may sell a security as it reaches the Adviser’s estimate of the company’s value if it believes that the company’s earnings, revenue growth, operating margin or other economic factors are deteriorating, if the company’s stock price is discounting more than the company’s long range earnings potential, or if it identifies a stock that it believes offers a better investment opportunity.

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VEITX - Performance

Return Ranking - Trailing

Period VEITX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.6% 32.0% 98.09%
1 Yr 12.8% 0.9% 28.3% 88.64%
3 Yr 3.0%* -13.1% 49.3% 39.45%
5 Yr N/A* -33.7% 77.2% N/A
10 Yr N/A* 0.0% 16.8% N/A

* Annualized

Return Ranking - Calendar

Period VEITX Return Category Return Low Category Return High Rank in Category (%)
2023 13.3% -7.3% 22.0% 49.63%
2022 -8.4% -43.6% 71.3% 1.05%
2021 6.6% -28.5% 18.9% 35.28%
2020 N/A -90.1% 992.1% N/A
2019 N/A -2.2% 38.8% N/A

Total Return Ranking - Trailing

Period VEITX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -1.6% 32.0% 98.09%
1 Yr 12.8% 0.9% 28.3% 88.64%
3 Yr 3.0%* -13.1% 49.3% 39.45%
5 Yr N/A* -33.7% 77.2% N/A
10 Yr N/A* 0.0% 16.8% N/A

* Annualized

Total Return Ranking - Calendar

Period VEITX Return Category Return Low Category Return High Rank in Category (%)
2023 15.9% 3.2% 41.4% 54.36%
2022 -6.9% -43.6% 144.8% 1.65%
2021 7.3% -22.6% 56.0% 78.07%
2020 N/A -89.7% 1010.8% N/A
2019 N/A 4.3% 38.8% N/A

NAV & Total Return History


VEITX - Holdings

Concentration Analysis

VEITX Category Low Category High VEITX % Rank
Net Assets 40.7 M 1.97 M 366 B 90.84%
Number of Holdings 51 1 10801 83.21%
Net Assets in Top 10 13.7 M 0 36.8 B 91.24%
Weighting of Top 10 31.37% 2.5% 111.6% 26.36%

Top 10 Holdings

  1. Federated Hermes Treasury Oligations Fund 7.44%
  2. Johnson Electric Holdings Ltd. 3.10%
  3. WH Group Ltd. 2.87%
  4. Infineon Technologies AG 2.79%
  5. TotalEnergies SE 2.65%
  6. Nintendo Co. Ltd. 2.59%
  7. Serco Group PLC 2.54%
  8. Telekom Austria AG 2.50%
  9. Svenska Handelsbanken AB 2.48%
  10. VTech Holdings Ltd. 2.41%

Asset Allocation

Weighting Return Low Return High VEITX % Rank
Stocks
88.15% 0.00% 122.60% 94.16%
Cash
8.29% -22.43% 100.00% 4.09%
Preferred Stocks
3.56% -0.01% 7.60% 3.07%
Other
0.00% -2.97% 43.01% 60.58%
Convertible Bonds
0.00% 0.00% 4.18% 40.12%
Bonds
0.00% -0.68% 71.30% 45.84%

Stock Sector Breakdown

Weighting Return Low Return High VEITX % Rank
Consumer Defense
18.70% 0.00% 32.29% 4.04%
Industrials
16.63% 5.17% 99.49% 24.66%
Consumer Cyclical
13.91% 0.00% 36.36% 11.66%
Basic Materials
12.58% 0.00% 23.86% 4.33%
Communication Services
9.87% 0.00% 21.69% 10.61%
Healthcare
9.04% 0.00% 21.01% 84.30%
Financial Services
8.06% 0.00% 47.75% 95.81%
Energy
7.20% 0.00% 16.89% 12.11%
Technology
4.01% 0.00% 36.32% 96.71%
Utilities
0.00% 0.00% 13.68% 91.33%
Real Estate
0.00% 0.00% 14.59% 84.45%

Stock Geographic Breakdown

Weighting Return Low Return High VEITX % Rank
Non US
82.28% 0.00% 121.07% 76.06%
US
5.87% 0.00% 103.55% 48.91%

VEITX - Expenses

Operational Fees

VEITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.01% 18.22% 40.64%
Management Fee 0.75% 0.00% 1.65% 68.13%
12b-1 Fee 0.00% 0.00% 1.00% 4.81%
Administrative Fee N/A 0.01% 1.00% N/A

Sales Fees

VEITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VEITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VEITX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 2.00% 247.00% N/A

VEITX - Distributions

Dividend Yield Analysis

VEITX Category Low Category High VEITX % Rank
Dividend Yield 2.25% 0.00% 24.61% 47.82%

Dividend Distribution Analysis

VEITX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual SemiAnnual

Net Income Ratio Analysis

VEITX Category Low Category High VEITX % Rank
Net Income Ratio 1.14% -0.93% 6.38% 68.31%

Capital Gain Distribution Analysis

VEITX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Monthly Annually

Distributions History

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VEITX - Fund Manager Analysis

Managers

Robert Sharpe


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.67

1.7%

Mr. Sharpe is a Research Analyst and Portfolio Manager of the International Strategy. Mr. Sharpe joined VELA Investment Management, LLCin 2020. Mr. Sharpe has been with Heartland Advisors since April 1, 2013. From 2013 to 2018, Mr. Sharpe served as a Partner, Vice President, and Portfolio Manager of the International Value Fund at Heartland Advisors, Inc. and from 2018 to 2020 he was a private investor. Mr. Sharpe has industry experience since 1984, including Investment Analyst with Capital Group and STRS Ohio, where he held multiple roles with his final position being Portfolio Manager and Director of International Investments. Mr. Sharpe received a B.A. in Economics from Williams College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.35 6.22 3.25