VELAX Performance — VELA Large Cap Plus Fund, Class A
Data updated: 2026-09-04
VELAX returned −27.61% year to date and −43.83% over one year to Jun 2026. Over one year the fund trailed its US Large Value category average: $100 grew to $56, against $121 for the category. Volatility over the past 12 months was 7.88% a year. In the 12 months to Jun 2026 the fund lost a net $857K, and assets reached $65.58M.
VELAX Growth of $100
What $100 invested in VELA Large Cap Plus Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | VELAX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $56 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $21 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $7 | $165 |
| Since data start (Oct 2020 – Jun 2026) | $8 | $221 |
VELAX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −27.61% |
| 1 year | −43.83% |
3- and 5-year figures withheld: returns differ from sibling classes.
VELAX Annual Returns
Calendar-year total returns of VELA Large Cap Plus Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | −27.61% |
| 2025 | −41.06% |
| 2024 | −38.23% |
| 2023 | −37.54% |
| 2022 | −50.06% |
| 2021 | −19.24% |
| 2020 (Oct–Dec) | +15.31% |
VELAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −4.2% | −4.9% | −9.9% | −0.8% | −5.0% | −6.5% | — | — | — | — | — | — |
| 2025 | −1.3% | −5.7% | −9.6% | −6.9% | −0.8% | −2.2% | −5.0% | −2.1% | −5.8% | −4.4% | −3.1% | −4.4% |
| 2024 | −3.6% | −2.3% | −2.4% | −7.4% | −2.7% | −3.6% | −3.1% | −2.4% | −4.1% | −5.8% | −1.4% | −8.1% |
| 2023 | −1.1% | −7.3% | −4.8% | −2.9% | −6.0% | −0.8% | −2.0% | −6.4% | −6.9% | −6.9% | +1.4% | −2.2% |
| 2022 | −6.1% | −5.1% | −1.6% | −8.9% | −4.4% | −11.2% | −0.8% | −8.0% | −11.8% | +0.8% | −0.3% | −8.9% |
| 2021 | −0.6% | +7.7% | +5.4% | −0.7% | −3.6% | −5.6% | −4.4% | −2.7% | −7.7% | −1.0% | −6.9% | +0.1% |
| 2020 | — | — | — | — | — | — | — | — | — | −1.1% | +12.4% | +3.7% |
VELAX Risk
Risk measures from monthly returns over Jul 2025 – Jun 2026.
- 1-year volatility (annualised): 7.88%
- Best month: −0.77% (Apr 2026)
- Worst month: −9.90% (Mar 2026)
VELAX Fund Flows
Monthly money in and out of VELA Large Cap Plus Fund, from SEC Form N-PORT.
- 12-month net flow: −$857K
- 12-month gross sales (incl. reinvestments): $10.9M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $69K | $238K | −$169K |
| May 2026 | $676K | $1.4M | −$677K |
| Apr 2026 | $251K | $1.2M | −$960K |
| Mar 2026 | $2.8M | $3.0M | −$125K |
| Feb 2026 | $282K | $406K | −$124K |
| Jan 2026 | $483K | $438K | $45K |
| Dec 2025 | $3.9M | $1.4M | $2.5M |
| Nov 2025 | $134K | $427K | −$293K |
| Oct 2025 | $516K | $840K | −$324K |
| Sep 2025 | $171K | $2.2M | −$2.0M |
| Aug 2025 | $286K | $158K | $128K |
| Jul 2025 | $1.3M | $241K | $1.1M |
VELAX Assets Under Management
Net assets of VELA Large Cap Plus Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $65.58M |
| 2026-03-31 | $65.40M |
| 2025-12-31 | $68.50M |
| 2025-09-30 | $69.03M |
| 2025-06-30 | $68.14M |
| 2025-03-31 | $66.90M |
| 2024-12-31 | $70.50M |
| 2024-09-30 | $71.92M |
| 2024-06-30 | $67.12M |
| 2024-03-31 | $65.80M |
| 2023-12-31 | $60.56M |
| 2023-09-30 | $55.70M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.