Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.
VELA Large Cap Plus I VELIX
- NAV / 1-Day Return 17.62 / −0.90 %
- Total Assets 71.1 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.200%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Large Blend
- Investment Style Large Blend
- Min. Initial Investment 2,500
- Status Open
- TTM Yield 0.03%
- Turnover 44%
USD | NAV as of Oct 07, 2024 | 1-Day Return as of Oct 07, 2024, 10:56 PM GMT+0
Morningstar’s Analysis VELIX
Will VELIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 29.7
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Microsoft Corp | 4.58 | 3.3 Mil | Technology |
Alphabet Inc Class A | 4.00 | 2.8 Mil | Communication Services |
Cash At Broker | 3.32 | 2.4 Mil | Cash and Equivalents |
Amazon.com Inc | 3.27 | 2.3 Mil | Consumer Cyclical |
Berkshire Hathaway Inc Class B | 3.04 | 2.2 Mil | Financial Services |
Johnson & Johnson | 2.93 | 2.1 Mil | Healthcare |
Federated Hermes Treasury Obl IS | 2.91 | 2.1 Mil | Cash and Equivalents |
Meta Platforms Inc Class A | 2.76 | 2.0 Mil | Communication Services |
3M Co | 2.46 | 1.7 Mil | Industrials |
JB Hunt Transport Services Inc | 2.33 | 1.7 Mil | Industrials |