VEITX – VELA International I Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term capital appreciation. The fund, under normal market conditions, invests its assets primarily in non-U.S. equity securities of companies of any size that the Adviser believes are undervalued. Equity securities consist of common and preferred stocks. The Adviser intends to diversify its investments across different countries and regions. The fund may invest up to 30% of its total assets in securities of companies located in emerging market countries.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VEITX	VELA International Fund Class I	Institutional	Open			Sep 30, 2020	$79.39M	1.100%	Above Average	$2,500	$5.66M
VEILX	VELA International Fund Class A	Front Load	Open			Sep 30, 2020	$633,514.00	1.350%	Average	$1,000	−$53,948.60

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