Morningstar

Vela Short Duration Fund - Class I VESDX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Investment Management Investment Hub
  • NAV / 1-Day Return 9.93  /  −0.10 %
  • Total Assets 51.3M
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.660%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 4.28%
  • Effective Duration —

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:22 AM GMT+0

Morningstar’s Analysis VESDX

Will VESDX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VESDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VESDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VESDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

VELA Short Duration I holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings VESDX

More VESDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

First American Treasury Obligs X

1.86 862,738
Cash and Equivalents

Cantor Fitzgerald LP 7.2%

1.11 516,489
Corporate

Essent Group Ltd. 6.25%

1.10 512,613
Corporate

Royal Caribbean Group 6.25%

1.09 507,012
Corporate

Viking Ocean Cruises Ship Vii Limited 5.625%

1.09 505,218
Corporate

Paramount Global 3.7%

1.07 498,679
Cash and Equivalents

MGIC Investment Corp. 5.25%

1.02 473,971
Corporate

Oaktree Strategic Credit Fund 8.4%

1.02 472,644
Corporate

Ford Motor Credit Company LLC 5.8%

0.98 453,640
Corporate

Antares Holdings LP 6.35%

0.97 452,099
Corporate

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