NPORT-P false 0001815493 XXXXXXXX S000069562 C000221919 C000221920 VELA Funds 811-23585 0001815493 549300F0PMHX6GFZ7Q56 220 Market Street Suite 208 New Albany 43054 614-653-8352 VELA INTERNATIONAL FUND S000069562 549300Y1RS134O2CPA39 2026-09-30 2026-06-30 N 76926044.93 524280.73 76401764.20 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 23442.92 N TECAN GROUP AG 529900CSN9R3BLETSL26 H84774167 8000.00000000 NS 1600107.15000000 2.094332724845 Long EC CORP CH N 2 N N N TOTALENERGIES SE 529900S21EQ1BO4ESM68 F92124100 18000.00000000 NS 1391059.55000000 1.820716529998 Long EC CORP FR N 2 N N N ASSOCIATED BRITISH FOODS PLC GBQKSY6W7G0OHCQ8OQ72 G05600138 67000.00000000 NS 1761292.70000000 2.305303703968 Long EC CORP GB N 2 N N N ANSELL LTD 549300NEGJ5G23VCJM45 Q04020105 62700.00000000 NS 1375974.65000000 1.800972352415 Long EC CORP AU N 2 N N N WIENERBERGER AG 529900VXIFBHO0SW2I31 A95384110 46000.00000000 NS 1187898.60000000 1.554805196500 Long EC CORP AT N 2 N N N INFINEON TECHNOLOGIES AG TSI2PJM6EPETEQ4X1U25 D35415104 17500.00000000 NS 1647586.97000000 2.156477651074 Long EC CORP DE N 2 N N N SERCO GROUP PLC 549300PT2CIHYN5GWJ21 G80400107 512000.00000000 NS 1487607.51000000 1.947085287331 Long EC CORP GB N 2 N N N FORACO INTERNATIONAL SA 9695007X7FEAWKE0E728 F4269M103 605000.00000000 NS 1160262.29000000 1.518632851150 Long EC CORP FR N 1 N N N LOOMIS AB 213800NS2XXVRYS7WP40 W5S50Y116 18700.00000000 NS 916764.65000000 1.199926022127 Long EC CORP SE N 2 N N N CAKE BOX HOLDINGS PLC 213800HZ61RLHNSM2698 G1R596108 320135.00000000 NS 828890.24000000 1.084909816781 Long EC CORP GB N 2 N N N TELEKOM AUSTRIA AG 529900KCNFQU5OJH7L33 A8502A102 131000.00000000 NS 1451610.60000000 1.899970000954 Long EC CORP AT N 2 N N N REMY COINTREAU SA 5493004V6A3Z027YT216 F7725A100 26900.00000000 NS 1322160.92000000 1.730537159507 Long EC CORP FR N 2 N N N CTS EVENTIM AG & CO. KGAA 529900FDHSN08UBJII80 D1648T108 9800.00000000 NS 572077.02000000 0.748774620573 Long EC CORP DE N 2 N N N HONDA MOTOR CO LTD 549300P7ZYCQJ36CCS16 J22302111 73500.00000000 NS 662115.48000000 0.866623286691 Long EC CORP JP N 2 N N N WH GROUP LTD 254900A4AYEDRWYSE928 G96007102 1189500.00000000 NS 1261248.59000000 1.650810819889 Long EC CORP KY Y 2 N N N KBC GROUP SA/NV 213800X3Q9LSAKRUWY91 B5337G162 8800.00000000 NS 1201228.43000000 1.572252215086 Long EC CORP BE N 2 N N N EDENRED SA 9695006LOD5B2D7Y0N70 F3192L109 63000.00000000 NS 1618556.26000000 2.118480216979 Long EC CORP FR N 2 N N N ARGENX SE 7245009C5FZE6G9ODQ71 N0610Q109 1100.00000000 NS 1018965.02000000 1.333693051030 Long EC CORP NL N 2 N N N INTERPARFUMS SA 969500SARWF33OPQED48 F5262B119 49200.00000000 NS 1426011.58000000 1.866464203977 Long EC CORP FR N 2 N N N PASON SYSTEMS INC 984500DC6T2FLR969F65 702925108 148800.00000000 NS 1293593.74000000 1.693146426061 Long EC CORP CA N 1 N N N FIELMANN GROUP AG 529900BU5B7N9GE4XU15 D2617N114 26600.00000000 NS 1300946.43000000 1.702770143624 Long EC CORP DE N 2 N N N SABRE INSURANCE GROUP PLC 2138006RXRQ8P8VKGV98 G7739M107 655000.00000000 NS 1512904.83000000 1.980196198139 Long EC CORP GB Y 2 N N N COMPAGNIE GENERALE DES ETABLISSEMENTS MICHELIN SCA 549300SOSI58J6VIW052 F61824870 40600.00000000 NS 1567488.85000000 2.051639600751 Long EC CORP FR N 2 N N N NINTENDO COMPANY LTD 353800FEEXU6I9M0ZF27 J51699106 39781.00000000 NS 1672506.79000000 2.189094463344 Long EC CORP JP N 2 N N N MAJOR DRILLING GROUP INTERNATIONAL INC 549300O1MNHCX2FUBC21 560909103 37300.00000000 NS 396327.29000000 0.518741018810 Long EC CORP CA N 1 N N N AMBEV SA 549300TH5Q6VRP8OT012 P0273U106 665000.00000000 NS 2094204.58000000 2.741042176091 Long EC CORP BR N 1 N N N BANK OF THE PHILIPPINE ISLANDS 549300UW4UH6XT2X8C50 Y0967S169 395000.00000000 NS 619902.55000000 0.811372036354 Long EC CORP PH N 2 N N N TORAY INDUSTRIES INC 35380099TCYR5FHT0A11 J89494116 115000.00000000 NS 805587.86000000 1.054410023688 Long EC CORP JP N 2 N N N HIKMA PHARMACEUTICALS PLC 549300BNS685UXH4JI75 G4576K104 93200.00000000 NS 1877702.40000000 2.457668902886 Long EC CORP GB N 2 N N N FLSMIDTH & CO. A/S 213800MXXDGQ3ITPXI41 K90242130 13500.00000000 NS 989379.47000000 1.294969403337 Long EC CORP DK N 2 N N N NOMAD FOODS LTD 5493000ZZ1837DS2SI43 G6564A105 153600.00000000 NS USD 1681920.00000000 2.201415134337 Long EC CORP VG N 1 N N N REXEL SA 969500N6AVPA51648T62 F7782J366 17100.00000000 NS 748729.68000000 0.979990040596 Long EC CORP FR N 2 N N N COATS GROUP PLC 2138003SPYWGAITNFY17 G22429115 1515000.00000000 NS 1566341.33000000 2.050137645905 Long EC CORP GB N 2 N N N CRODA INTERNATIONAL PLC 2138004WCNBFJEEOXV26 G25536155 40400.00000000 NS 1620235.55000000 2.120678189784 Long EC CORP GB N 2 N N N KEEPER TECHNICAL LABORATORY CO LTD N/A J31847106 64600.00000000 NS 1083417.78000000 1.418053354322 Long EC CORP JP N 2 N N N GREGGS PLC 213800I71QMUFJ64IW20 G41076111 71000.00000000 NS 1507915.65000000 1.973666008618 Long EC CORP GB N 2 N N N FEVERTREE DRINKS PLC 2138007AJRLHRVQZLD07 G33929103 120000.00000000 NS 1296556.46000000 1.697024242275 Long EC CORP GB N 2 N N N BAKKAFROST P/F 2138007LH7OP4V112978 K0840B107 31000.00000000 NS 1259733.76000000 1.648828103893 Long EC CORP FO N 2 N N N SVENSKA HANDELSBANKEN AB NHBDILHZTYCNBV5UYZ31 W9112U104 106200.00000000 NS 1562877.22000000 2.045603575211 Long EC CORP SE N 2 N N N CRITEO SA 969500EELFB4RDMFHA76 226718104 99000.00000000 NS USD 1809720.00000000 2.368688758629 Long EC CORP FR N 1 N N N KIMBERLY CLARK DE MEXICO SAB DE CV 549300JGHL56QT00KT54 P60694117 613000.00000000 NS 1353623.34000000 1.771717386599 Long EC CORP MX N 1 N N N SUNCOR ENERGY INC 894500XO86FKXQGPYV71 867224107 19500.00000000 NS USD 1046760.00000000 1.370073074830 Long EC CORP CA N 1 N N N GLOBANT SA 2221008DCMSPYS42DS88 L44385109 48900.00000000 NS USD 1415166.00000000 1.852268746432 Long EC CORP LU N 1 N N N ING GROEP NV 549300NYKK9MWM7GGW15 N4578E595 49200.00000000 NS 1551531.36000000 2.030753316034 Long EC CORP NL N 2 N N N ALAMOS GOLD INC 894500GIHFJZW7YS9660 011532108 53000.00000000 NS USD 1608020.00000000 2.104689619195 Long EC CORP CA N 1 N N N COPA HOLDINGS SA 529900BB9UQJV6QQHA59 P31076105 11500.00000000 NS USD 1789055.00000000 2.341640953887 Long EC CORP PA N 1 N N N JOHNSON ELECTRIC HOLDINGS LTD 529900EDYRQ6K25JEC80 G5150J157 250000.00000000 NS 622842.81000000 0.815220455341 Long EC CORP BM N 2 N N N FUCHS SE 529900SNF9E1P5ZO4P98 D27462387 30700.00000000 NS 1140107.41000000 1.492252727326 Long EC CORP DE N 2 N N N DO & CO. AG 5299002NFQKOBT1E8569 A1447E107 2000.00000000 NS 495910.79000000 0.649082904292 Long EC CORP AT N 2 N N N BBB FOODS INC N/A G0896C103 41600.00000000 NS USD 1733472.00000000 2.268890016024 Long EC CORP VG N 1 N N N VTECH HOLDINGS LTD N/A G9400S132 174200.00000000 NS 1145242.01000000 1.498973252766 Long EC CORP BM N 2 N N N FIRST AMERICAN FUNDS INC 549300J5J5SJCZ9IA369 31846V328 4656071.86000000 PA USD 4656071.86000000 6.094194170453 Long STIV RF US N 1 N N N ROCHE HOLDING AG 549300U41AUUVOAAOB37 H69293266 2500.00000000 NS 1027754.11000000 1.345196829892 Long EP CORP CH N 2 N N N DUERR AG 5299003APZ54EDTSRO20 D23279108 63500.00000000 NS 1286951.24000000 1.684452255095 Long EC CORP DE N 2 N N N ARCOS DORADOS HOLDINGS INC 54930023P2MIZN13DQ85 G0457F107 167400.00000000 NS USD 1349244.00000000 1.765985398541 Long EC CORP VG N 1 N N N JET2 PLC I72RQ3PNLDPW8R7JIJ56 G5112P101 57700.00000000 NS 987424.63000000 1.292410771320 Long EC CORP GB N 2 N N N UNIVERSAL MUSIC GROUP NV 724500GJBUL3D9TW9Y18 N90313102 52800.00000000 NS 1105500.56000000 1.446956849197 Long EC CORP NL N 2 N N N 2026-06-30 VELA Funds Zachary Richmond Zachary Richmond Treasurer XXXX