VELIX Performance — VELA Large Cap Plus Fund, Class I
Data updated: 2026-09-04
VELIX returned −1.35% year to date and +4.32% over one year to Jun 2026. Annualised returns are +9.96% over 3 years and +7.43% over 5 years. The fund trailed its US Large Value category average: $100 invested three years ago grew to $133, against $158 for the category, and to $104 over one year, against $121. Volatility over the past three years was 9.37% a year. In the 12 months to Jun 2026 the fund lost a net $857K, and assets reached $65.58M.
VELIX 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 | VELIX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $104 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $133 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $143 | $165 |
| Since data start (Oct 2020 – Jun 2026) | $196 | $221 |
VELIX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −1.35% |
| 1 year | +4.32% |
| 3 years (annualised) | +9.96% |
| 5 years (annualised) | +7.43% |
VELIX 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) | −1.35% |
| 2025 | +9.44% |
| 2024 | +14.62% |
| 2023 | +15.80% |
| 2022 | −7.46% |
| 2021 | +28.21% |
| 2020 (Oct–Dec) | +15.44% |
VELIX 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 | +0.8% | +0.2% | −5.2% | +4.5% | +0.1% | −1.5% | — | — | — | — | — | — |
| 2025 | +3.9% | −0.6% | −4.8% | −2.0% | +4.4% | +2.9% | +0.1% | +3.1% | −0.8% | +0.7% | +1.9% | +0.7% |
| 2024 | +1.5% | +2.8% | +2.7% | −2.5% | +2.5% | +1.4% | +2.0% | +2.7% | +1.0% | −0.8% | +3.8% | −3.3% |
| 2023 | +4.1% | −2.3% | +0.2% | +2.2% | −1.0% | +4.5% | +3.2% | −1.5% | −2.0% | −1.9% | +6.7% | +3.0% |
| 2022 | −1.2% | −0.1% | +3.6% | −4.1% | +0.6% | −6.5% | +4.4% | −3.1% | −7.2% | +6.2% | +4.9% | −4.1% |
| 2021 | −0.6% | +7.7% | +5.4% | +4.5% | +1.5% | −0.7% | +0.7% | +2.5% | −2.8% | +4.2% | −1.9% | +5.4% |
| 2020 | — | — | — | — | — | — | — | — | — | −1.1% | +12.4% | +3.8% |
VELIX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 9.37%
- 3-year Sharpe ratio: 0.58 (vs 4.5% risk-free rate)
- Best month: +6.74% (Nov 2023)
- Worst month: −5.19% (Mar 2026)
VELIX 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 |
VELIX 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.