Vela Large Cap Plus Fund Class A (VELAX)

Overview

This fund is designed for investors looking for a dynamic approach to U.S. equity investment, focusing on large market capitalizations. Operating under normal market conditions, it commits at least 80% of its net assets to both long and short positions in U.S. equity securities, which encompasses both common and preferred stocks. This strategy reflects an adaptable investment posture aiming to capitalize on changing market opportunities by adjusting the size and proportion of its long and short positions. The adviser's strategy to maintain net exposure within 80% - 100% underlines a disciplined yet flexible market engagement, ensuring the fund is positioned to adapt to volatility and capitalize on growth.

Products and Services

• Long U.S. Equity Positions

This component of the fund's strategy involves investing in U.S. common and preferred stocks that the fund's management believes will increase in value. By taking long positions, the fund aims to benefit from the anticipated appreciation of these assets over time, contributing to the overall growth of the fund's portfolio.

• Short U.S. Equity Positions

In contrast to long positions, the fund also engages in short selling, targeting U.S. equity securities it expects to decrease in value. This strategy allows the fund to attempt to profit from falling stock prices, providing an opportunity to hedge against market downturns and add a layer of risk management to the portfolio.

• Flexible Net Exposure Management

Maintaining a net exposure between 80% and 100%, the fund dynamically adjusts its long and short positions based on current market conditions and future outlooks. This flexible approach allows the fund to navigate market volatility and adapt its investment stance to optimize performance, reflecting a balance between aggressive growth tactics and cautious risk mitigation.