VELA Large Cap Plus A (VELAX)
| Fund Assets | 69.14M |
| Expense Ratio | n/a |
| Min. Investment | $1,000 |
| Turnover | 67.00% |
| Dividend (ttm) | 1.18 |
| Dividend Yield | 6.65% |
| Dividend Growth | 7.55% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 19, 2025 |
| Previous Close | 16.78 |
| YTD Return | -5.14% |
| 1-Year Return | -0.09% |
| 5-Year Return | 59.61% |
| 52-Week Low | 14.57 |
| 52-Week High | 18.11 |
| Beta (5Y) | n/a |
| Holdings | 116 |
| Inception Date | Sep 30, 2020 |
About VELAX
The Vela Large Cap Plus Fund Class A is an actively managed mutual fund focused on long-term capital appreciation through investments primarily in U.S. large capitalization equities. Its strategy involves taking both long and short positions in large-cap stocks, typically maintaining a net equity exposure in the range of 80-100% of assets. The fund seeks value by investing in what it considers undervalued companies while simultaneously shorting securities perceived as overvalued or having weaker prospects. Derivative instruments are also employed to enhance income, manage risk from short positions, and help cushion downside volatility. The portfolio tends to be diversified across major U.S. sectors, with top holdings often including leading technology, communication services, healthcare, and financial firms. Managed by an experienced team applying a valuation-driven, disciplined approach, the fund aims to offer investors exposure to U.S. equity markets while incorporating hedging elements for risk management. It uses the Russell 1000 Index as its benchmark and is categorized within the large blend segment, targeting investors seeking a mix of potential capital growth and risk mitigation in large-cap equities.
Performance
VELAX had a total return of -0.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.33%.
Top 10 Holdings
35.34% of assets| Name | Symbol | Weight |
|---|---|---|
| Alphabet Inc. | GOOGL | 5.15% |
| Amazon.com, Inc. | AMZN | 4.73% |
| Microsoft Corporation | MSFT | 4.61% |
| Johnson & Johnson | JNJ | 3.51% |
| First American Treasury Obligations Fund | FXFXX | 3.21% |
| Thermo Fisher Scientific Inc. | TMO | 3.12% |
| Citigroup Inc. | C | 2.82% |
| Meta Platforms, Inc. | META | 2.79% |
| Infineon Technologies AG | IFNNY | 2.72% |
| Berkshire Hathaway Inc. | BRK.B | 2.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2025 | $1.1771 | Dec 19, 2025 |
| Dec 20, 2024 | $1.0945 | Dec 20, 2024 |
| Dec 22, 2022 | $0.2396 | Dec 23, 2022 |
| Dec 22, 2021 | $0.0521 | Dec 23, 2021 |
| Dec 22, 2020 | $0.01074 | Dec 23, 2020 |