VELA Funds
VELA Income Opportunities Fund
$26.62M
Avg Monthly Net Assets
$28.18M
Total Assets
$102K
Total Liabilities
$28.08M
Net Assets
VELA Income Opportunities Fund is a Mutual Fund in VELA Funds
,
based in Ohio,
United States of America.
The fund has two share classes
and monthly net assets of $26.62M.
On August 28th, 2024 it reported 122 holdings, the largest
being The Greenbrier Companies, Inc. (3.6%), Money Market Obligations Trust (2.6%) and Sysco Corporation (2.5%).
Data provided by Fincoded.
Share Classes
| Name | Class/Contract ID | Ticker | Monthly Returns (2 years) |
|---|---|---|---|
| Class A | C000234952 | VIOAX | |
| Class I | C000234953 | VIOIX |
Holdings
From latest NPORT-P, filed August 28th, 2024 for period ending June 30th, 2024.
Historic holdings data available from Fincoded.
| Name | Profile | Category | Country | Value $USD | # Shares | % of Fund |
|---|---|---|---|---|---|---|
| Abbott Laboratories | Long | Equity-common | US | $439K | 4K | 1.56 |
| Abbott Laboratories Call @ 115 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-3K | -11 | -0.01 |
| Abbott Laboratories Call @ 120 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-2K | -10 | -0.01 |
| Acushnet Co. | Long | Debt | US | $259K | – | 0.92 |
| Advanced Drainage Systems, Inc. (Advanced Drainage System Inc) | Long | Debt | US | $251K | – | 0.89 |
| Allegiant Travel Co (Allegiant Travel Company) | Long | Debt | US | $143K | – | 0.51 |
| AMN Healthcare, Inc. (AMN Healthcare Allied Inc) | Long | Debt | US | $135K | – | 0.48 |
| Antero Resources Corp (Antero Resources Corporation) | Long | Debt | US | $155K | – | 0.55 |
| Arch Capital Group Ltd. | Long | Equity-preferred | US | $334K | 17K | 1.19 |
| Ashland LLC (Ashland Inc.) | Long | Debt | US | $246K | – | 0.88 |
| Atkore Inc | Long | Debt | US | $176K | – | 0.63 |
| Axis Capital Holdings Ltd. (AXIS Capital Holdings Limited) | Long | Equity-common | BM | $553K | 8K | 1.97 |
| Axis Capital Holdings Ltd. Call @ 70 September 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-8K | -20 | -0.03 |
| Axis Capital Holdings Ltd. Call @ 80 December 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-4K | -19 | -0.02 |
| Baker Hughes Co. (Baker Hughes Company) | Long | Equity-common | US | $509K | 14K | 1.81 |
| Baker Hughes Co. Call @ 37 July 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-1K | -57 | -0.00 |
| Ball Corp. (Ball Corporation) | Long | Debt | US | $257K | – | 0.91 |
| Bank OZK (Bank OZK Little Rock Arkansas) | Long | Equity-preferred | US | $136K | 9K | 0.48 |
| Bank OZK (Bank OZK Little Rock Arkansas) | Long | Debt | US | $119K | – | 0.42 |
| Bayer US Finance LLC | Long | Debt | US | $154K | – | 0.55 |
| Brink's Co/The (Brinks Company) | Long | Debt | US | $253K | – | 0.90 |
| BWX Technologies Inc | Long | Debt | US | $140K | – | 0.50 |
| Carnival Corp (Carnival Corporation) | Long | Debt | US | $272K | – | 0.97 |
| Cedar Fair LP / Canada's Wonderland Co / Magnum Management Corp / Millennium Op (Cedar Fair LP/ Canada's Wonderland Company/ Magnum Management Corporation/ Millennium Operations LLC) | Long | Debt | US | $201K | – | 0.72 |
| Churchill Downs, Inc. (Churchill Downs Inc) | Long | Debt | US | $151K | – | 0.54 |
| Cimpress PLC | Long | Debt | IE | $200K | – | 0.71 |
| Citigroup Inc (Citigroup Inc.) | Long | Debt | US | $150K | – | 0.53 |
| Citigroup, Inc. (Citigroup Inc.) | Long | Equity-common | US | $153K | 2K | 0.55 |
| Civitas Resources, Inc. (Civitas Resources Inc) | Long | Equity-common | US | $643K | 9K | 2.29 |
| CNX Resources Corp (CNX Resources Corporation) | Long | Debt | US | $154K | – | 0.55 |
| Coca-Cola Co./The (The Coca-Cola Company) | Long | Equity-common | US | $229K | 4K | 0.81 |
| Coca-Cola Co./The Call @ 62.5, Expiring August 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-5K | -24 | -0.02 |
| Comcast Corp. (Comcast Corporation) | Long | Equity-common | US | $382K | 10K | 1.36 |
| Comcast Corp. Call @ 47.5 July 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-17 | -17 | -0.00 |
| Copa Holdings SA | Long | Equity-common | PA | $432K | 5K | 1.54 |
| Cullen/Frost Bankers, Inc. | Long | Equity-common | US | $255K | 3K | 0.91 |
| Cullen/Frost Capital Trust II | Long | Debt | US | $177K | – | 0.63 |
| Darden Restaurants, Inc. | Long | Debt | US | $258K | – | 0.92 |
| Encompass Health Corp (Encompass Health Corporation) | Long | Debt | US | $230K | – | 0.82 |
| Enstar Group Ltd., Series D, 7.00% | Long | Equity-preferred | BM | $140K | 6K | 0.50 |
| Federated Hermes Treasury Oligations Fund (Money Market Obligations Trust) | Long | Short-term investment vehicle | US | $727K | – | 2.59 |
| FedEx Corp. (FedEx Corporation) | Long | Equity-common | US | $401K | 1K | 1.43 |
| FedEx Corp. Call @ 300 October 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-5K | -3 | -0.02 |
| FedEx Corp. Call @ 320 October 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-6K | -6 | -0.02 |
| Fidelity National Information Services, Inc. (Fidelity National Information Services Inc) | Long | Equity-common | US | $505K | 7K | 1.80 |
| Fidelity National Information Services, Inc. Call @ 90 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-4K | -22 | -0.01 |
| Flowers Foods, Inc. | Long | Equity-common | US | $594K | 27K | 2.11 |
| Flowers Foods, Inc. Call @ 25 October 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-2K | -88 | -0.01 |
| Garmin Ltd. | Long | Equity-common | US | $145K | 889 | 0.52 |
| Gen Digital Inc | Long | Debt | US | $203K | – | 0.72 |
| Genuine Parts Co | Long | Debt | US | $275K | – | 0.98 |
| Genuine Parts Co. | Long | Equity-common | US | $413K | 3K | 1.47 |
| Genuine Parts Co. Call @ 160 August 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-1K | -10 | -0.00 |
| Graham Holdings Co. | Long | Debt | US | $298K | – | 1.06 |
| Greenbrier Companies, Inc./The (The Greenbrier Companies, Inc.) | Long | Equity-common | US | $1M | 21K | 3.65 |
| Greenbrier Companies, Inc./The Call @ 65 December 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-10K | -52 | -0.03 |
| Hershey Co./The (Hershey Co (The)) | Long | Equity-common | US | $144K | 782 | 0.51 |
| Hillenbrand Inc (Hillenbrand, Inc.) | Long | Debt | US | $252K | – | 0.90 |
| Home Depot, Inc./The (Home Depot Inc) | Long | Equity-common | US | $85K | 248 | 0.30 |
| Huntington Bancshares Inc/OH, Series J, 6.875% (Huntington Bancshares Incorporated) | Long | Equity-preferred | US | $142K | 6K | 0.51 |
| Huntington Ingalls Industries, Inc. | Long | Equity-common | US | $429K | 2K | 1.53 |
| Installed Building Products Inc | Long | Debt | US | $245K | – | 0.87 |
| Iron Mountain, Inc. (Iron Mountain Inc.) | Long | Debt | US | $255K | – | 0.91 |
| Johnson & Johnson | Long | Equity-common | US | $567K | 4K | 2.02 |
| Johnson Controls International PLC | Long | Equity-common | IE | $321K | 5K | 1.14 |
| Johnson Controls International PLC Call @ 65, Exiring July 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-6K | -33 | -0.02 |
| JPMorgan Chase & Co. | Long | Equity-common | US | $308K | 2K | 1.10 |
| Korn Ferry | Long | Debt | US | $239K | – | 0.85 |
| Kraft Heinz Co./The (The Kraft Heinz Company) | Long | Equity-common | US | $494K | 15K | 1.76 |
| Medtronic PLC | Long | Equity-common | IE | $675K | 9K | 2.40 |
| Mercury General Corp. (Mercury General Corporation) | Long | Equity-common | US | $234K | 4K | 0.83 |
| Mercury General Corp. Call @ 60 September 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-3K | -35 | -0.01 |
| Mondelez International, Inc. | Long | Equity-common | US | $281K | 4K | 1.00 |
| Mondelez International, Inc. Call @ 75 September 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-367.5 | -21 | -0.00 |
| Morgan Stanley, Series I, 6.375% | Long | Equity-preferred | US | $138K | 5K | 0.49 |
| MPLX LP | Long | Equity-common | US | $151K | 4K | 0.54 |
| Newmark Group Inc | Long | Debt | US | $257K | – | 0.92 |
| Nexstar Media Inc (Nexstar Escrow Inc) | Long | Debt | US | $143K | – | 0.51 |
| Nintendo Co. Ltd. (Nintendo Co Ltd.) | Long | Equity-common | JP | $198K | 4K | 0.70 |
| Norfolk Southern Corp. (Norfolk Southern Corporation) | Long | Equity-common | US | $406K | 2K | 1.45 |
| Northrop Grumman Corp. (Northrop Grumman Corporation) | Long | Equity-common | US | $368K | 844 | 1.31 |
| Northrop Grumman Corp. Call @ 500, Expiring August 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-345 | -6 | -0.00 |
| NorthWestern Corp. (NorthWestern Energy Group Inc) | Long | Equity-common | US | $413K | 8K | 1.47 |
| NorthWestern Corp. Call @ 55 September 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-2K | -66 | -0.01 |
| Oaktree Strategic Credit Fund | Long | Debt | US | $264K | – | 0.94 |
| Omnicom Group, Inc. (Omnicom Group Inc) | Long | Equity-common | US | $309K | 3K | 1.10 |
| Omnicom Group, Inc. Call @ 100 July 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-99 | -11 | -0.00 |
| Papa John's International Inc. | Long | Debt | US | $266K | – | 0.95 |
| PepsiCo, Inc. (Pepsico Inc) | Long | Equity-common | US | $292K | 2K | 1.04 |
| PepsiCo, Inc. Call @ 180 September 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-715.5 | -9 | -0.00 |
| Performance Food Group Inc (Performance Food Group Co.) | Long | Debt | US | $196K | – | 0.70 |
| Radian Group Inc (Radian Group Inc.) | Long | Debt | US | $151K | – | 0.54 |
| Scotts Miracle-Gro Co/The (The Scotts Miracle-Gro Company) | Long | Debt | US | $229K | – | 0.82 |
| Sensata Technologies BV | Long | Debt | US | $245K | – | 0.87 |
| Simmons Foods, Inc. (Simmons Foods Inc / Simmons Prepared Foods Inc / Simmons Pet Food Inc / Simmons Feed (Ingredients Inc)) | Long | Debt | US | $220K | – | 0.78 |
| Simon Property Group, Inc. (Simon Property Group Inc) | Long | Equity-common | US | $255K | 2K | 0.91 |
| Sotera Health Holdings LLC | Long | Debt | US | $251K | – | 0.89 |
| Starbucks Corp. (Starbucks Corporation) | Long | Equity-common | US | $458K | 6K | 1.63 |
| Starbucks Corp. Call @ 92.5 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-3K | -15 | -0.01 |
| Starbucks Corp. Call @ 97.5 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-2K | -15 | -0.01 |
| Stifel Financial Corp, Series B, 6.25% (Stifel Financial Corporation) | Long | Equity-preferred | US | $150K | 6K | 0.53 |
| Suncor Energy, Inc. (Suncor Energy Inc.) | Long | Equity-common | CA | $649K | 17K | 2.31 |
| Suncor Energy, Inc. Call @ 40 September 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-5K | -42 | -0.02 |
| Sysco Corp. (Sysco Corporation) | Long | Equity-common | US | $699K | 10K | 2.49 |
| Taylor Morrison Communities, Inc. (Taylor Morrison Communities Inc) | Long | Debt | US | $249K | – | 0.89 |
| Texas Instruments, Inc. (Texas Instruments Incorporated) | Long | Equity-common | US | $243K | 1K | 0.86 |
| Texas Instruments, Inc. Call @ 230 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-4K | -10 | -0.01 |
| Trustmark Corp. | Long | Equity-common | US | $168K | 6K | 0.60 |
| Uber Technologies Inc | Long | Debt | US | $255K | – | 0.91 |
| United States Treasury Note (United States Treasury Notes) | Long | Debt | US | $249K | – | 0.89 |
| Vail Resorts, Inc. | Long | Equity-common | US | $319K | 2K | 1.14 |
| Valvoline, Inc. (Valvoline Inc) | Long | Debt | US | $216K | – | 0.77 |
| Viking Cruises Ltd (Viking Cruises, Ltd.) | Long | Debt | US | $163K | – | 0.58 |
| Wabash National Corp. (Wabash National Corporation) | Long | Debt | US | $225K | – | 0.80 |
| Wendy's Co./The (The Wendys Company) | Long | Equity-common | US | $494K | 29K | 1.76 |
| Wendy's Co./The Call @ 23 November 2024 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-438 | -73 | -0.00 |
| Wendy's International LLC (Wendy's International Inc.) | Long | Debt | US | $151K | – | 0.54 |
| WESCO Distribution Inc (Wesco Distribution, Inc.) | Long | Debt | US | $255K | – | 0.91 |
| Worthington Industries, Inc. (Worthington Enterprises Inc) | Long | Debt | US | $182K | – | 0.65 |
| XPO CNW Inc. (XPO Inc) | Long | Debt | US | $274K | – | 0.98 |
| Zoetis, Inc. (Zoetis Inc.) | Long | Equity-common | US | $296K | 2K | 1.06 |
| Zoetis, Inc. Call @ 210 January 2025 (THE OPTIONS CLEARING CORPORATION) | Short | Derivative-equity | US | $-3K | -8 | -0.01 |
Address
VELA Funds
220 Market Street
Suite 208
New Albany
Ohio
43054
United States of America
Websites
Directors
Danielle F. Ross
Lawrence Funderburke
Jason R. Job
James W. Haring Jr.
Lisa M. Wesolek
Transfer Agents
Ultimus Fund Solutions LLC
Pricing Services
INTERCONTINENTAL EXCHANGE, INC.
Custodians
Fifth Third Bank N.A
Shareholder Servicing Agents
Ultimus Fund Solutions LLC
Admins
Ultimus Fund Solutions LLC
Brokers
COWEN AND COMPANY LLC
MORGAN STANLEY AND CO INC
BAADER HELVEA INC.