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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.86

$28.8 M

0.00%

$0.00

1.87%

Vitals

YTD Return

0.9%

1 yr return

28.2%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$28.8 M

Holdings in Top 10

40.8%

52 WEEK LOW AND HIGH

$14.8
$11.46
$14.90

Expenses

OPERATING FEES

Expense Ratio 1.87%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 115.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Large Blend


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$14.86

$28.8 M

0.00%

$0.00

1.87%

VELIX - Profile

Distributions

  • YTD Total Return 0.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    VELA Large Cap Plus Fund
  • Fund Family Name
    VELA Investment Management
  • Inception Date
    Sep 30, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kyle Schneider

Fund Description

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.


VELIX - Performance

Return Ranking - Trailing

Period VELIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -98.7% 35.0% 15.09%
1 Yr 28.2% -2.9% 65.4% 33.85%
3 Yr N/A* 1.9% 37.3% N/A
5 Yr N/A* 0.8% 24.3% N/A
10 Yr N/A* 5.7% 20.9% N/A

* Annualized

Return Ranking - Calendar

Period VELIX Return Category Return Low Category Return High Rank in Category (%)
2021 27.8% -69.4% 53.7% 3.63%
2020 N/A -94.0% 2181.7% N/A
2019 N/A -100.0% 41.1% N/A
2018 N/A -100.0% 17.3% N/A
2017 N/A -100.0% 36.4% N/A

Total Return Ranking - Trailing

Period VELIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.9% -10.1% 35.0% 14.69%
1 Yr 28.2% -2.9% 67.6% 32.04%
3 Yr N/A* 1.9% 37.3% N/A
5 Yr N/A* 0.8% 24.3% N/A
10 Yr N/A* 5.7% 20.9% N/A

* Annualized

Total Return Ranking - Calendar

Period VELIX Return Category Return Low Category Return High Rank in Category (%)
2021 27.8% -69.6% 53.7% 3.07%
2020 N/A -94.0% 2181.7% N/A
2019 N/A -100.0% 41.1% N/A
2018 N/A -100.0% 17.3% N/A
2017 N/A -100.0% 36.4% N/A

NAV & Total Return History


VELIX - Holdings

Concentration Analysis

VELIX Category Low Category High VELIX % Rank
Net Assets 28.8 M 25 1.37 T 90.11%
Number of Holdings 92 1 4160 46.00%
Net Assets in Top 10 9.58 M -466 M 330 B 75.20%
Weighting of Top 10 40.75% 1.9% 100.0% 25.52%

Top 10 Holdings

  1. Federated Hermes Treasury Obl IS 9.72%
  2. Microsoft Corp 4.96%
  3. Apple Inc 4.60%
  4. Berkshire Hathaway Inc Class B 3.90%
  5. iShares Russell 1000 ETF 3.84%
  6. Alphabet Inc Class A 2.94%
  7. Johnson Controls International PLC Registered Shares 2.84%
  8. AbbVie Inc 2.79%
  9. Exelon Corp 2.77%
  10. Medtronic PLC 2.70%

Asset Allocation

Weighting Return Low Return High VELIX % Rank
Stocks
93.86% 0.00% 115.59% 97.41%
Cash
6.14% -110.80% 100.00% 1.18%
Preferred Stocks
0.00% 0.00% 3.21% 41.66%
Other
0.00% -15.82% 140.42% 41.60%
Convertible Bonds
0.00% 0.00% 7.62% 39.68%
Bonds
0.00% 0.00% 93.50% 41.94%

Stock Sector Breakdown

Weighting Return Low Return High VELIX % Rank
Financial Services
21.62% 0.00% 54.51% 6.47%
Technology
16.26% 0.00% 77.07% 81.85%
Healthcare
15.67% 0.00% 59.20% 23.98%
Consumer Cyclical
9.98% 0.00% 53.38% 69.83%
Communication Services
9.64% 0.00% 35.35% 51.12%
Industrials
8.64% 0.00% 62.11% 61.19%
Consumer Defense
6.49% 0.00% 70.59% 55.47%
Energy
6.08% 0.00% 35.32% 4.18%
Utilities
4.12% 0.00% 29.68% 14.14%
Basic Materials
1.49% 0.00% 30.96% 78.76%
Real Estate
0.00% 0.00% 25.29% 88.55%

Stock Geographic Breakdown

Weighting Return Low Return High VELIX % Rank
US
89.81% 0.00% 115.22% 84.61%
Non US
4.05% 0.00% 55.83% 32.75%

VELIX - Expenses

Operational Fees

VELIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.87% 0.01% 3.38% 3.39%
Management Fee 0.75% 0.00% 2.00% 85.39%
12b-1 Fee 0.00% 0.00% 1.00% 9.49%
Administrative Fee N/A 0.00% 0.95% N/A

Sales Fees

VELIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VELIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 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.

VELIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 115.00% 0.00% 496.00% 92.91%

VELIX - Distributions

Dividend Yield Analysis

VELIX Category Low Category High VELIX % Rank
Dividend Yield 0.00% 0.00% 9.93% 41.31%

Dividend Distribution Analysis

VELIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Semi-Annually Monthly Monthly

Net Income Ratio Analysis

VELIX Category Low Category High VELIX % Rank
Net Income Ratio -0.15% -54.00% 6.06% 88.91%

Capital Gain Distribution Analysis

VELIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Dividend Payout History

View More +

VELIX - Fund Manager Analysis

Managers

Kyle Schneider


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.25

1.3%

Mr. Schneider is a Research Analyst and Co-Portfolio Manager of the Large Cap 130/30 Strategy. Mr. Schneider joined VELA Investment Management, LLC in 2020. Prior to joining the firm, Mr. Schneider was a Research Analyst at Diamond Hill Capital Management covering healthcare, having joined the firm in 2011. Mr. Schneider has industry experience since 2007, including various roles at Citigroup. Mr. Schneider holds the Chartered Financial Analyst (CFA) designation, an MBA from the University of Chicago, where he graduated as a Wallman Scholar with High Honors, and a B.S. in Finance from The Ohio State University.

Ric Dillon


Start Date

Tenure

Tenure Rank

Sep 30, 2020

1.25

1.3%

Mr. Dillon is one of the founders of VELA Investment Management, LLC and has served as CEO, CIO & Co-Portfolio Manager of the firm since November 2019. Early in his career, Mr. Dillon was a Portfolio Manager at Loomis, Sayles & Company. In the 1990s, Mr. Dillon founded Dillon Capital Management, where he served as President and Chief Investment Officer until the company was acquired by Loomis, Sayles & Company, where he returned to work as a Portfolio Manager until 2000. In May 2000, Mr. Dillon founded Diamond Hill Capital Management, where he served as CEO and Portfolio Manager on their Small Cap and Long-Short Strategies. Mr. Dillon retired from Diamond Hill Capital Management in 2018. Mr. Dillon holds the Chartered Financial Analyst (CFA) designation. He received an MBA from the University of Dayton, as well as a M.A. in Finance and a B.S. in Business Administration from The Ohio State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 38.61 6.77 2.0