VELA Income Opportunities A (VIOAX)

Fund Assets	43.08M
Expense Ratio	1.067%
Min. Investment	$2,500
Turnover	56.00%
Dividend (ttm)	0.34
Dividend Yield	3.32%
Dividend Growth	-2.92%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 29, 2026

Previous Close	10.43
YTD Return	7.17%
1-Year Return	9.95%
5-Year Return	n/a
52-Week Low	9.69
52-Week High	10.53
Beta (5Y)	n/a
Holdings	79
Inception Date	n/a

About VIOAX

The Vela Income Opportunities Fund Class A is a mutual fund designed for investors seeking a combination of current income and potential long-term capital appreciation. The fund employs an actively managed, valuation-centric approach, investing primarily in dividend and interest income-producing securities, including both domestic and foreign equities across a full range of market capitalizations. In addition, the fund may utilize strategies such as call option writing to enhance yield. Sector exposures are diversified, with notable investments in consumer defensive, healthcare, industrials, energy, and technology, reflecting a broad market participation. The portfolio management team leverages decades of value investing experience to make disciplined investment decisions. Geared toward those with a moderately aggressive investment appetite, the fund aims to provide steady cash flow through dividends while pursuing opportunities for growth. With a focus on buying quality businesses at reasonable valuations, the fund plays a role in enabling investors to access a wide spectrum of income-generating assets within a single portfolio, contributing to income-oriented strategies in the broader financial market.

• Fund Family: VELA Funds
• Category: Allocation--50% to 70% Equity
• Performance Rating: Low
• Risk Rating: Low
• Stock Exchange: Nasdaq
• Ticker Symbol: VIOAX

Performance

VIOAX had a total return of 9.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.36%.

Top 10 Holdings

30.93% of assets

Name	Symbol	Weight
Federated Hermes Treasury Obl IS	TOIXX	10.29%
The Kraft Heinz Company	KHC	2.54%
Flowers Foods, Inc.	FLO	2.52%
Washington Trust Bancorp, Inc.	WASH	2.50%
The Greenbrier Companies, Inc.	GBX	2.43%
Medtronic plc	MDT	2.35%
Civitas Resources, Inc.	CIVI	2.11%
Johnson & Johnson	JNJ	2.07%
Genuine Parts Company	GPC	2.06%
Simon Property Group, Inc.	SPG	2.05%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 29, 2026	$0.0229	Oct 29, 2026
Sep 29, 2026	$0.0338	Sep 29, 2026
Aug 28, 2026	$0.0254	Aug 28, 2026
Jul 30, 2026	$0.032	Jul 30, 2026
Jun 29, 2026	$0.0345	Jun 29, 2026
May 28, 2026	$0.0211	May 28, 2026

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:

Nov 9, 2026

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