Morningstar

VELA Income Opportunities Fund Class A VIOAX

Morningstar Medalist Rating
Medalist Rating as of | See VELA Investment Management Investment Hub
  • NAV / 1-Day Return 9.92  /  +0.30 %
  • Total Assets 41.6M
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.110%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Moderately Aggressive Allocation
  • Investment Style Mid Value
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 3.44%
  • Turnover 56%

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

Morningstar’s Analysis VIOAX

Will VIOAX 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 VIOAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VIOAX 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 VIOAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

VELA Income Opportunities A 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 VIOAX

More VIOAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Pason Systems Inc

2.13 918,959
Energy

Greenbrier Companies Inc

2.01 868,814
Industrials

PepsiCo Inc

2.01 866,740
Consumer Defensive

Copa Holdings SA Class A

1.84 794,106
Industrials

Lamb Weston Holdings Inc

1.83 788,613
Consumer Defensive

Medtronic PLC

1.62 699,818
Healthcare

Ambev SA

1.56 674,176
Consumer Defensive

Federal Agricultural Mortgage Corp Class C

1.55 670,475
Financial Services

Nintendo Co Ltd

1.54 662,996
Communication Services

Abbott Laboratories

1.53 658,739
Healthcare

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