VIOAX — VELA Income Opportunities Fund
Data updated: 2026-05-29
VIOAX — VELA Income Opportunities Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Multi-Cap / All-Cap Blend / Core Equity · $40.05M AUM · 1.09% expense ratio · -42.6% 1-yr return. From SEC regulatory filings.
VIOAX Fund Overview
VIOAX — VELA Income Opportunities Fund is a US mutual fund managed by VELA Funds, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: VELA Funds
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $40.05M
- 1-year return: -42.6%
- Ticker: VIOAX
- SEC CIK: 0001815493
- SEC series ID: S000075683
- Share class ID: C000234952
VIOAX Holdings
Top 10 holdings of VELA Income Opportunities Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Funds Inc. | 3.35% |
| The Greenbrier Companies, Inc. | 2.28% |
| Copa Holdings SA | 2.17% |
| Pepsico Inc | 2.01% |
| Accenture PLC | 1.74% |
| Pason System Incor | 1.73% |
| Johnson & Johnson | 1.65% |
| Ambev S.A. | 1.55% |
| Lamb Weston Holdings Inc | 1.53% |
| PPG Industries, Inc. | 1.50% |
VIOAX Portfolio Allocation
Asset-class allocation of VELA Income Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 59.0% |
| Fixed Income | 36.5% |
| Cash & Equivalents | 3.3% |
| Securitized | 0.4% |
VIOAX Performance
Total returns for VIOAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -14.9% |
| 1 year | -42.6% |
| 3 years (annualised) | -42.2% |
VIOAX Risk Information
Risk metrics for VIOAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 7.8%
VIOAX Costs and Fees
VIOAX costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 1.09%
- Portfolio turnover: 56%
- Brokerage commissions: 5.67 bps of average net assets (SEC N-CEN)
VIOAX Cashflows
Over the 12 months to 2026-03, VELA Income Opportunities Fund had net inflows of $7.05M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $5.22M |
| 2026-02 | $77.74K |
| 2026-01 | −$12.71K |
| 2025-12 | $568.47K |
| 2025-11 | −$65.82K |
| 2025-10 | −$386.91K |
VIOAX Debt Constituents
Largest debt holdings of VELA Income Opportunities Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Garrett Motion Holdings Inc. / Garrett LX I S.a.r.l. | 1.16% |
| William Carter Company | 1.15% |
| Constellation Insurance Inc. | 1.13% |
| First Citizens BancShares Inc (Delaware) | 1.13% |
| Cleveland-Cliffs Inc | 1.12% |
| Oaktree Strategic Credit Fund | 1.10% |
| Stanley Black & Decker, Inc. | 1.10% |
| First National Bank of Nebraska Inc. | 1.04% |
| Sotera Health Holdings LLC | 1.03% |
| Macys Retail Holdings LLC | 1.02% |
VIOAX Prospectus and SEC Filings
Official VELA Income Opportunities Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Multi-Cap / All-Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.