Vela Income Opportunities Fund Class I (VIOIX)

Overview

The fund is designed for investors seeking income generation through a diversified portfolio of income-producing securities. It adheres to a strategy that involves allocating its assets across various types of equity and debt instruments, including those issued by large, mid, and small capitalization companies both domestically and internationally. With a focus on maintaining a significant portion of its investments in income-generating assets, the fund aims to provide consistent returns to its shareholders under normal market conditions. The investment approach also places a cap on investments in master limited partnerships to ensure diversification and manage risk exposure.

Products and Services

• Common Equities

  Invests in a diversified mix of stocks across large, mid, and small cap companies, both domestic and foreign, including American Depository Receipts (ADRs). This allows for potential growth and income through dividends.

• Real Estate Investment Trusts (REITs)

  Allocates investments into REITs, which own, operate, or finance income-producing real estate across various sectors. This offers a way to gain exposure to real estate markets with the potential for income generation and capital appreciation.

• Preferred Equity Securities

  Includes investments in preferred stocks that typically offer fixed dividends, combining features of both equity and debt instruments. Preferred equity can provide stable income with priority over common stock in dividend payments and liquidation.

• Convertible Securities

  Invests in bonds or preferred stocks that can be converted into a predetermined amount of the company's common stock. This offers the potential for income through fixed interest or dividends, with the added benefit of conversion to equity in case of stock price appreciation.

• Master Limited Partnerships (MLPs)

  Limits investment in MLPs to less than 25% of net assets. MLPs are partnerships that trade on a stock exchange and often engage in energy, natural resources, or real estate sectors. Investing in MLPs can provide income through distribution payouts, though with a set limit to manage risk exposure.