Nasdaq - Delayed Quote USD

VELA Income Opportunities A (VIOAX)

9.39
-0.11
(-1.16%)
As of 8:07:19 AM EDT. Market Open.

Fund Summary

The fund, under normal market conditions, invests at least 80% of its net assets in income producing securities. The fund may invest in common equities of large, mid and small capitalization companies (both domestic and foreign, including American Depository Receipts (“ADRs”)), real estate investment trusts (“REITs”), preferred equity securities, convertible securities, and master limited partnerships (“MLPs”). The fund will limit its investments in MLPs to less than 25% of net assets.

VELA Income Opportunities A

SUITE 208
220 MARKET STREET
614-653-2178

Fund Overview

Category Allocation--70% to 85% Equity
Fund Family VELA Funds
Net Assets 31.27M
YTD Return -2.69%
Yield 3.83%
Morningstar Rating
Inception Date Mar 31, 2022

Fund Operations

Last Dividend 0.12
Last Cap Gain 4.00
Holdings Turnover 35.00%
Average for Category --

Fees & Expenses

Expense VIOAX Category Average
Annual Report Expense Ratio (net) 1.11% 0.71%
Prospectus Net Expense Ratio 1.11% --
Prospectus Gross Expense Ratio 1.11% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 4.99%
Max Deferred Sales Load -- 1.43%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Mr. Steiger is a Portfolio Manager of the Income Opportunities Fund and a Research Analyst. Prior to joining VELA, he was a Trade Desk Associate at Diamond Hill Capital Management. Mr. Steiger also has experience as a Senior Equity Analyst with J.P. Morgan Chase Bank, and as a Property Accountant with Washington Prime Group. Mr. Steiger holds the Chartered Financial Analyst (CFA) designation and received a B.S. in Business Administration, Finance from The Ohio State University.

Morningstar Style Box

Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund. Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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