Vela Income Opportunities Fund Class A (VIOAX)

Overview

The fund represents a diverse investment portfolio designed primarily for income generation. It operates under normal market conditions with a strategic focus on investing at least 80% of its net assets in a variety of income-producing securities. This includes a wide span of assets from common equities in companies of all sizes, whether domestic or international, to more specialized financial instruments. The fund’s commitment to diversity and income generation makes it a potentially attractive option for investors seeking a mix of growth and income opportunities within their investment portfolio.

Products and Services

• Common Equities

  The fund invests in common stocks of large, mid, and small capitalization companies, both domestic and foreign. This includes American Depository Receipts (ADRs), offering investors exposure to global markets and the potential for diversified income and growth.

• Real Estate Investment Trusts (REITs)

  By investing in REITs, the fund offers access to assets tied to real estate. REITs are known for generating income through dividends, providing an avenue for investors to gain exposure to real estate markets without directly investing in property.

• Preferred Equity Securities

  Preferred equity securities typically offer fixed dividends, which can provide a stable income stream. These securities often have priority over common stock in dividend payments and liquidation, making them an attractive option for income-focused investors.

• Convertible Securities

  Convertible securities are bonds or preferred shares that can be converted into a predetermined number of common stock or equity shares. This allows investors to benefit from the security of fixed-income investments and the potential for capital appreciation associated with equities.

• Master Limited Partnerships (MLPs)

  The fund includes investments in MLPs, albeit to a limit of less than 25% of net assets. MLPs are investments in partnerships that often engage in energy infrastructure and natural resources, providing potential tax benefits and high yield income.