Short Duration Fund
Investment Objective
Current Income.
Investment Strategy
Under normal market conditions, the Fund invests at least 80% of its assets in fixed income securities across a broad group of industries, geographies, and company market capitalizations. The Fund will primarily own corporate bonds of U.S. domiciled companies (both investment grade and below-investment grade, i.e., “high yield” or “junk” bonds) and can also own securities issued or guaranteed by the U.S. Government, its agencies or government-sponsored enterprises, money market instruments, mortgage-backed and asset-backed securities, loans, non-rated securities.
Key Advantages of Investing
Integrated Research Team
In addition to quantitative screening, we leverage rigorous equity research into underlying companies to generate and evaluate fixed income investment ideas.
Agility
Our flexible mandate allows for discretion in our investments—whether they be treasuries, agencies, or corporate bonds across the credit spectrum, allowing us to respond to evolving market conditions.
Efficiency
Our relatively small size allows us to take advantage of debt offerings which may be inefficiently sized for large portfolios.
Fund Facts
Ticker:
VESDX
CUSIP:
92262L889
Inception Date:
Dec. 15, 2023
Benchmark:
Bloomberg 1-3 Yr Gov/Credit TR Index
Minimum Purchase:
$2,500
Expense Ratio:
0.69%
Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read carefully before investing. Investors may obtain a copy of the prospectus by calling 833-399-1001.
The fund is distributed by Ultimus Fund Distributors, LLC. (Member FINRA).Ultimus Fund Distributors, LLC and VELA Investment Management, LLC are separate and unaffiliated.
New Fund Risk.The fund is newly organized and has little or no operating history. While the Adviser has experience in investment-related activities, the Adviser has limited experience managing registered investment companies.
High Yield Securities Risk: The fund may purchase fixed income securities rated below the investment grade category, also known as high yield securities or “junk bonds”. Securities in this rating category are speculative. Changes in economic conditions or other circumstances may have a greater effect on the ability of issuers of these securities to make principal and interest payments than they do on issuers of higher-grade securities.
Mutual fund Investing involves risk, including loss of principal. The value of the fund's shares, when redeemed, may be worth more or less than their original cost.