VELA Small Cap Fund (VESMX)
The fund primarily invests in undervalued U.S. small-cap equity securities, specifically targeting companies with market capitalizations similar to those in the Russell 2000 Index.
Fund Info
Sep 29, 2020
$2,500
Large-Cap
Blend
Expense Ratio
VESMX has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in VELA Small Cap Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
VELA Small Cap Fund had a return of 4.29% year-to-date (YTD) and 12.91% in the last 12 months.
VESMX
4.29%
-1.09%
4.25%
12.91%
N/A
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of VESMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.29% | 4.29% | |||||||||||
| 2024 | -0.92% | 4.84% | 4.29% | -2.45% | 3.99% | -2.00% | 5.90% | -0.66% | -1.48% | -1.66% | 6.58% | -5.32% | 10.77% |
| 2023 | 5.75% | -0.60% | -5.22% | 0.51% | -2.30% | 7.70% | 3.52% | -2.52% | -2.64% | -4.32% | 4.58% | 7.38% | 11.22% |
| 2022 | -3.12% | 2.16% | 0.54% | -6.32% | 2.76% | -7.57% | 6.49% | -1.46% | -8.00% | 12.68% | 4.23% | -5.93% | -5.53% |
| 2021 | 2.03% | 13.62% | 5.66% | 1.47% | 1.32% | -1.30% | -1.95% | 0.19% | -0.70% | 5.34% | -2.75% | 5.08% | 30.50% |
| 2020 | 4.00% | 16.44% | 5.85% | 28.18% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VESMX is 55, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for VELA Small Cap Fund (VESMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
VELA Small Cap Fund provided a 0.22% dividend yield over the last twelve months, with an annual payout of $0.04 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Dividend | $0.04 | $0.04 | $0.12 | $0.11 | $0.03 | $0.01 |
Dividend yield | 0.22% | 0.22% | 0.66% | 0.69% | 0.16% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for VELA Small Cap Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | ||||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2020 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the VELA Small Cap Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VELA Small Cap Fund was 17.92%, occurring on Sep 26, 2022. Recovery took 307 trading sessions.
The current VELA Small Cap Fund drawdown is 1.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -17.92% | Nov 8, 2021 | 222 | Sep 26, 2022 | 307 | Dec 14, 2023 | 529 |
| -9.52% | May 10, 2021 | 49 | Jul 19, 2021 | 74 | Nov 1, 2021 | 123 |
| -7.14% | Jul 17, 2024 | 14 | Aug 5, 2024 | 66 | Nov 6, 2024 | 80 |
| -6.78% | Mar 16, 2021 | 6 | Mar 23, 2021 | 30 | May 5, 2021 | 36 |
| -6.58% | Jan 13, 2021 | 12 | Jan 29, 2021 | 6 | Feb 8, 2021 | 18 |
Volatility
Volatility Chart
The current VELA Small Cap Fund volatility is 3.60%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.