VELA Large Cap Plus A (VELAX)

Fund Assets	68.45M
Expense Ratio	1.27%
Min. Investment	$1,000
Turnover	67.00%
Dividend (ttm)	0.20
Dividend Yield	1.14%
Dividend Growth	7,600.00%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	17.68
YTD Return	4.58%
1-Year Return	7.57%
5-Year Return	44.62%
52-Week Low	15.77
52-Week High	18.14
Beta (5Y)	n/a
Holdings	126
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.

• Fund Family: VELA Funds
• Category: Large Blend
• Performance Rating: Below Average
• Risk Rating: Low
• Stock Exchange: NASDAQ
• Ticker Symbol: VELAX
• Index: Russell 1000 TR USD

Performance

VELAX had a total return of 7.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.36%.

Top 10 Holdings

40.53% of assets

Name	Symbol	Weight
First American Treasury Obligs X	FXFXX	6.82%
Amazon.com, Inc.	AMZN	5.80%
Microsoft Corporation	MSFT	5.30%
Cash At Broker	n/a	5.00%
Alphabet Inc.	GOOGL	4.79%
Baker Hughes Company	BKR	2.79%
Thermo Fisher Scientific Inc.	TMO	2.65%
Berkshire Hathaway Inc.	BRK.B	2.50%
Booking Holdings Inc.	BKNG	2.47%
Johnson & Johnson	JNJ	2.40%

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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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