VELA Small-Mid Cap Fund — new fund registration

VELA Funds registered 1 new fund series on Form 485APOS, filed 2025-09-29. Featured series: VELA Small-Mid Cap Fund.

Registration

• Registrant / trust: VELA Funds
• CIK: 0001815493
• Form: 485APOS
• Filed: 2025-09-29
• State of incorporation: DE
• Accession: 0001580642-25-006280
• Reported net assets: $7.4M

Series & classes (2)

Fees (from the effective prospectus)

• 12b-1 fee: 0.25%
• Gross expense ratio: 1.29%
• Management fee: 0.70%
• Other expenses: 0.34%

Investment objective

The investment objective of the VELA Small-Mid Cap Fund is to provide long-term capital appreciation.

Other filings by this registrant (7)

• 485APOS — 2023-09-28 (2 new series)
• 485APOS — 2022-11-29
• 485APOS — 2022-01-14 (2 new series)
• 485APOS — 2021-11-12
• N-1A/A — 2020-09-23
• N-1A/A — 2020-09-15
• N-1A — 2020-07-02 (6 new series)

More

• Registrant profile: VELA Funds
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