# EDGAR Filing Document

**Accession Number:** 0001815493
**File Stem:** 0000910472-26-008439
**Filing Date:** 2026-5
**Character Count:** 28417
**Document Hash:** 8c874c9bc87a6206bfcc93d3e9f225e7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-008439.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000910472-26-008439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VELA Funds
- **CENTRAL INDEX KEY:** 0001815493

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23585
- **FILM NUMBER:** 261043289

**BUSINESS ADDRESS:**
- **STREET 1:** 220 MARKET STREET
- **STREET 2:** SUITE 208
- **CITY:** NEW ALBANY
- **STATE:** OH
- **ZIP:** 43054
- **BUSINESS PHONE:** 614-653-2178

**MAIL ADDRESS:**
- **STREET 1:** 220 MARKET STREET
- **STREET 2:** SUITE 208
- **CITY:** NEW ALBANY
- **STATE:** OH
- **ZIP:** 43054

## Series and Classes Contracts Data

### VELA Small-Mid Cap Fund (Series ID: S000097967)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000267518 | VELA Small-Mid Cap Fund Class I |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** VELA Funds

- **b. Investment Company Act file number:** 811-23585

- **c. CIK number of Registrant:** 0001815493

- **d. LEI of Registrant:** 549300F0PMHX6GFZ7Q56

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 220 Market Street

  - **City:** New Albany

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43054

  - **Telephone number:** 614-653-8352

**Item A.2. Information about the Series.**

- **a. Name of Series:** VELA SMALL-MID CAP FUND

- **b. EDGAR series identifier (if any):** S000097967

- **c. LEI of Series:** 529900K98ZYDW0FYVB31

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7401605.43

**Total Liabilities:** $24269.57

**Net Assets:** $7377335.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000267518 | 3.87%                | 1.37%                | -6.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-157.31                 | $165787.08                                 |
| Month 2  | $-4006.96                | $120365.25                                 |
| Month 3  | $12844.87                | $-510921.54                                |

### Schedule of Portfolio Investments

| Name                                       | Title                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alamos Gold Inc.                           | Alamos Gold, Inc.                                     | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |      1363 | NS      | $60558.09     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                      | Align Technology, Inc.                                | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       567 | NS      | $97200.81     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation               | Antero Resources Corporation                          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |      3256 | NS      | $138184.64    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc.       | Applied Industrial Technologies, Inc.                 | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |       278 | NS      | $73758.96     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                | Atlanta Braves Holdings, Inc.                         | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4511 | NS      | $192619.70    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corporation                 | Avery Dennison Corporation                            | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       420 | NS      | $72525.60     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BRP Inc.                                   | BRP, Inc.                                             | CUSIP: 05577W200<br>LEI: 529900EPQGESIRCPY551 | Long             | EC               | CORP              | CA        |      1094 | NS      | $78560.14     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                          | Brown & Brown, Inc.                                   | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      1991 | NS      | $129833.11    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                         | Bruker Corporation                                    | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |      3232 | NS      | $116739.84    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                 | Cactus, Inc.                                          | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      3233 | NS      | $153147.21    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                    | Carlisle Companies, Inc.                              | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |       600 | NS      | $200172.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                 | Coca-Cola Consolidated, Inc.                          | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |       283 | NS      | $54262.42     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                 | Corpay, Inc.                                          | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |       414 | NS      | $120469.86    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo S.A                                 | Criteo S.A.                                           | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |     16461 | NS      | $295145.73    | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                         | Crown Holdings, Inc.                                  | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |       723 | NS      | $72480.75     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                      | Deckers Outdoor Corporation                           | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |       813 | NS      | $81373.17     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                         | Domino's Pizza, Inc.                                  | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       208 | NS      | $74628.32     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation               | Encompass Health Corporation                          | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      1166 | NS      | $112787.18    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc.                          | EPAM Systems, Inc.                                    | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       852 | NS      | $115360.80    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                               | Equifax, Inc.                                         | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      1061 | NS      | $191054.27    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                   | Etsy, Inc.                                            | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      1607 | NS      | $80317.86     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation  | Federal Agricultural Mortgage Corporation             | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |       660 | NS      | $97911.00     | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Fidelity National Information Services, Inc.          | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      2561 | NS      | $120136.51    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.                     | Gildan Activewear, Inc.                               | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      3065 | NS      | $170567.25    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                             | Globus Medical, Inc.                                  | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |       608 | NS      | $52385.28     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.             | Greenbrier Companies, Inc. (The)                      | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |      2988 | NS      | $157318.20    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.               | Jack Henry & Associates, Inc.                         | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |       875 | NS      | $138285.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                        | Houlihan Lokey, Inc.                                  | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |       516 | NS      | $74107.92     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB Group Inc                              | Hub Group, Inc.                                       | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6377 | NS      | $229827.08    | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                           | Interparfums, Inc.                                    | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1316 | NS      | $119545.44    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc              | Janus International Group, Inc.                       | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10985 | NS      | $56572.75     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                 | Kirby Corporation                                     | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      2169 | NS      | $288216.72    | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                   | Lamb Weston Holdings, Inc.                            | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      2598 | NS      | $109791.48    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc.                      | Limbach Holdings, Inc.                                | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |      1506 | NS      | $117543.30    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.             | Lincoln Electric Holdings, Inc.                       | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |       667 | NS      | $166136.36    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                          | Masco Corporation                                     | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |      1043 | NS      | $62965.91     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc.                            | Murphy USA, Inc.                                      | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       369 | NS      | $182274.93    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                  | National Fuel Gas Company                             | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      1139 | NS      | $107020.44    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                       | PPG Industries, Inc.                                  | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      1229 | NS      | $131355.52    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                           | Pool Corporation                                      | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |       937 | NS      | $189583.21    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp.                  | PROCEPT BioRobotics Corporation                       | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2830 | NS      | $70778.30     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                     | RPM International, Inc.                               | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |       881 | NS      | $87571.40     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                      | Range Resources Corporation                           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      2396 | NS      | $108251.28    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                           | SPS Commerce, Inc.                                    | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |       961 | NS      | $53498.87     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                        | Shift4 Payments, Inc.                                 | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2401 | NS      | $104995.73    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.              | Simpson Manufacturing Company, Inc.                   | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |       619 | NS      | $106232.78    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc              | Supernus Pharmaceuticals, Inc.                        | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |      2316 | NS      | $119714.04    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                          | Sysco Corporation                                     | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      1062 | NS      | $75752.46     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc New                          | Tidewater, Inc.                                       | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      1803 | NS      | $150640.65    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                           | Toro Company (The)                                    | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |       959 | NS      | $89608.96     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                         | Vail Resorts, Inc.                                    | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |       696 | NS      | $89310.72     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                              | Valvoline, Inc.                                       | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      3978 | NS      | $133979.04    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                | Worthington Enterprises, Inc.                         | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      5308 | NS      | $276759.12    | 3.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corporation             | Zebra Technologies Corporation                        | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |       709 | NS      | $148237.72    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Alamos Gold, Inc. 06/18/2026 55 Call                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -7 | NS      | $-1225.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Antero Resources Corporation 08/21/2026 50 Call       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -3 | NS      | $-765.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Antero Resources Corporation 08/21/2026 55 Call       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -11 | NS      | $-1650.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Coca-Cola Consolidated, Inc. 06/18/2026 185 Call      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -2 | NS      | $-3570.00     | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Deckers Outdoor Corporation 06/18/2026 150 Call       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -2 | NS      | $-95.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd.                    | Arch Capital Group Ltd.                               | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      2028 | NS      | $194667.72    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                      | Assured Guaranty Ltd.                                 | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |       899 | NS      | $73250.52     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                          | Essent Group Ltd.                                     | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | US        |      1451 | NS      | $84796.44     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Greenbrier Companies, Inc. (The) 06/18/2026 67.5 Call | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -5 | NS      | $-262.50      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Limited                            | Wix.com Ltd.                                          | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |      2370 | NS      | $213465.90    | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Murphy USA, Inc. 10/16/2026 600 Call                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -2 | NS      | $-4530.00     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Copa Holdings SA                           | Copa Holdings S.A.                                    | CUSIP: P31076105<br>LEI: 529900BB9UQJV6QQHA59 | Long             | EC               | CORP              | PA        |       768 | NS      | $87252.48     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Range Resources Corporation 09/18/2026 50 Call        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -3 | NS      | $-1005.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Range Resources Corporation 09/18/2026 55 Call        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -11 | NS      | $-2145.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Sysco Corporation 06/18/2026 100 Call                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -7 | NS      | $-14.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Tidewater, Inc. 07/17/2026 115 Call                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -5 | NS      | $-1200.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Toro Company (The) 09/18/2026 115 Call                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -3 | NS      | $-562.50      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION           | Valvoline, Inc. 07/17/2026 45 Call                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |        -9 | NS      | $-630.00      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** VELA Funds

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer