# EDGAR Filing Document

**Accession Number:** 0001815493
**File Stem:** 0000910472-26-008435
**Filing Date:** 2026-5
**Character Count:** 46283
**Document Hash:** 7780ae91bcdcde1686bace56e8bc0b8f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-008435.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000910472-26-008435

**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:** 261043284

**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 Large Cap Plus Fund (Series ID: S000069563)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000221921 | Class I      |  |
| C000221922 | Class A      |  |

## 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 LARGE CAP PLUS FUND

- **b. EDGAR series identifier (if any):** S000069563

- **c. LEI of Series:** 549300V8UD7IZ63TCH22

**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:** $70908548.21

**Total Liabilities:** $5504887.42

**Net Assets:** $65403660.79

**Cash Not Reported:** $95709.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221921 | 0.82%                | 0.18%                | -5.19%               |
| Class ID C000221922 | -4.23%               | -4.87%               | -9.90%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $621958.26               | $5287.04                                   |
| Month 2  | $650287.28               | $-1365126.29                               |
| Month 3  | $-317495.74              | $-3314395.94                               |

**Designated Index Information**

- **Index Name:** VELA LARGE CAP PLUS FUND DRP

- **Index Identifier:** VELA LARGE CAP PLUS FUND DRP

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                   | Abbott Laboratories                                                 | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      9703 | NS      | $996207.01    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                           | AbbVie, Inc.                                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2438 | NS      | $530240.62    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.           | Advanced Micro Devices, Inc.                                        | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1546 | NS      | $314502.78    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                 | Align Technology, Inc.                                              | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      7088 | NS      | $1215095.84   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc.          | Alnylam Pharmaceuticals, Inc.                                       | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Short            | EC               | CORP              | US        |      -539 | NS      | $-178338.93   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                         | Alphabet, Inc.                                                      | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     11247 | NS      | $3234187.32   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo Inc.                             | Oklo, Inc.                                                          | CUSIP: 02156V109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1793 | NS      | $-88914.87    | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                      | Amazon.com, Inc.                                                    | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     14854 | NS      | $3093642.58   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc.  | Applied Industrial Technologies, Inc.                               | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |       844 | NS      | $223930.08    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                          | Autodesk, Inc.                                                      | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      4874 | NS      | $1166835.60   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                  | Baker Hughes Company                                                | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31596 | NS      | $1928935.80   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                 | Bank of America Corporation                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     24795 | NS      | $1208756.25   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.               | Berkshire Hathaway, Inc.                                            | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3345 | NS      | $1602924.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                  | Booking Holdings, Inc.                                              | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       330 | NS      | $1389405.60   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                    | Bruker Corporation                                                  | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |      8976 | NS      | $324213.12    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                | Burlington Stores, Inc.                                             | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Short            | EC               | CORP              | US        |      -842 | NS      | $-273969.96   | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corporation                       | CSX Corporation                                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     30987 | NS      | $1272016.35   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.           | Capital One Financial Corporation                                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Short            | EC               | CORP              | US        |      -698 | NS      | $-127336.14   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.               | Carlisle Companies, Inc.                                            | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      2919 | NS      | $973836.78    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                        | Citigroup, Inc.                                                     | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     14092 | NS      | $1598173.72   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                           | Cognex Corp.                                                        | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Short            | EC               | CORP              | US        |     -3233 | NS      | $-158384.67   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                            | Corpay, Inc.                                                        | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      2168 | NS      | $630866.32    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                 | Deckers Outdoor Corporation                                         | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      8468 | NS      | $847562.12    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                       | Deere & Company                                                     | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      1531 | NS      | $862412.30    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                   | Walt Disney Company (The)                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     10916 | NS      | $1052084.08   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                    | Domino's Pizza, Inc.                                                | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |       835 | NS      | $299589.65    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc.                     | EPAM Systems, Inc.                                                  | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      7429 | NS      | $1005886.60   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc.                          | Equifax, Inc.                                                       | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      5741 | NS      | $1033781.87   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                    | Meta Platforms, Inc.                                                | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      2739 | NS      | $1567064.07   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                          | Fastenal Company                                                    | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Short            | EC               | CORP              | US        |     -4838 | NS      | $-224483.20   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corporation                     | FedEx Corporation                                                   | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      2713 | NS      | $966316.34    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.             | First American Treasury Obligations Fund                            | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4758185 | PA      | $4758184.60   | 7.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc.                       | GE Vernova LLC                                                      | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Short            | EC               | CORP              | US        |      -376 | NS      | $-328210.40   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                      | HealthEquity, Inc.                                                  | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Short            | EC               | CORP              | US        |     -1845 | NS      | $-154186.65   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.          | Jack Henry & Associates, Inc.                                       | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      1030 | NS      | $162781.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | Home Depot, Inc. (The)                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3921 | NS      | $1289577.69   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG              | Infineon Technologies A.G.                                          | CUSIP: 45662N103<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     35992 | NS      | $1627198.32   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| InterContinental Hotels Group PLC     | InterContinental Hotels Group plc                                   | CUSIP: 45857P806<br>LEI: 2138007ZFQYRUSLU3J98 | Short            | EC               | CORP              | GB        |     -2263 | NS      | $-302019.98   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corporation                         | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Short            | EC               | CORP              | US        |      -947 | NS      | $-229543.33   | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson                                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      9710 | NS      | $2373512.40   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                         | KKR & Company, Inc.                                                 | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |      4400 | NS      | $407000.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                            | Kirby Corporation                                                   | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      8683 | NS      | $1153797.04   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.        | Lincoln Electric Holdings, Inc.                                     | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      4463 | NS      | $1111644.04   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                 | Lowe's Companies, Inc.                                              | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Short            | EC               | CORP              | US        |     -1126 | NS      | $-266051.28   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                               | MPLX, L.P.                                                          | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |      8637 | NS      | $492913.59    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated               | Mastercard, Inc.                                                    | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       856 | NS      | $427708.96    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc.                          | MetLife, Inc.                                                       | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |     17333 | NS      | $1225789.76   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corporation                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7814 | NS      | $2892508.38   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                | Micron Technology, Inc.                                             | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Short            | EC               | CORP              | US        |      -719 | NS      | $-242906.96   | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                         | Netflix, Inc.                                                       | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5152 | NS      | $495364.80    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                            | NIKE, Inc.                                                          | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     17953 | NS      | $948277.46    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc.        | Old Dominion Freight Line, Inc.                                     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Short            | EC               | CORP              | US        |     -1145 | NS      | $-223733.00   | -0.34%            |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries, Inc.                  | PPG Industries, Inc.                                                | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      8150 | NS      | $871072.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                           | PepsiCo, Inc.                                                       | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      7480 | NS      | $1161569.20   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.             | Rockwell Automation, Inc.                                           | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Short            | EC               | CORP              | US        |      -451 | NS      | $-161854.88   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                     | SPDR S&P Regional Banking ETF                                       | CUSIP: 78464A698<br>LEI: 5493004JVD6CQEEJSS37 | Short            | EC               | RF                | US        |     -5842 | NS      | $-380606.30   | -0.58%            |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                       | Salesforce, Inc.                                                    | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      6482 | NS      | $1209994.94   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Servicenow Inc                        | ServiceNow, Inc.                                                    | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      9408 | NS      | $983606.40    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.                    | Suncor Energy, Inc.                                                 | CUSIP: 867224107<br>LEI: 894500XO86FKXQGPYV71 | Long             | EC               | CORP              | CA        |     17237 | NS      | $1139538.07   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.                | TJX Companies, Inc. (The)                                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      8532 | NS      | $1362560.40   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc          | Thermo Fisher Scientific, Inc.                                      | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      3349 | NS      | $1646133.97   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Company                            | 3M Company                                                          | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      7368 | NS      | $1070054.64   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods, Inc.                     | Tyson Foods, Inc.                                                   | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     14339 | NS      | $918699.73    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                 | Uber Technologies, Inc.                                             | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     12067 | NS      | $867979.31    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                    | Vertiv Holdings Co.                                                 | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Short            | EC               | CORP              | US        |      -844 | NS      | $-211489.52   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                              | Visa, Inc.                                                          | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4021 | NS      | $1215307.04   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.                 | Western Digital Corporation                                         | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Short            | EC               | CORP              | US        |      -981 | NS      | $-265350.69   | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                           | Zoetis, Inc.                                                        | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      9394 | NS      | $1110464.74   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | AbbVie, Inc. 05/15/2026 220 Call                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -12 | NS      | $-9780.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | AbbVie, Inc. 06/18/2026 190 Put                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        10 | NS      | $3925.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Arch Capital Group Ltd. 06/18/2026 90 Put                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        30 | NS      | $6375.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Autodesk, Inc. 06/18/2026 200 Put                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        40 | NS      | $22000.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | American International Group, Inc. 05/15/2026 95 Call               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       100 | NS      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Align Technology, Inc. 07/17/2026 145 Put                           | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        80 | NS      | $48000.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Amazon.com, Inc. 07/17/2026 180 Put                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       100 | NS      | $60750.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | ARK Innovation ETF 06/18/2026 62 Put                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       225 | NS      | $69525.00     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Axsome Therapeutics, Inc. 06/18/2026 170 Call                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        20 | NS      | $35800.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | AstraZeneca plc 07/17/2026 210 Call                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -44 | NS      | $-32340.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Bank of America Corporation 05/15/2026 40 Put                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       250 | NS      | $8875.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Booking Holdings, Inc. 09/18/2026 3500 Put                          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |         2 | NS      | $35890.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Baker Hughes Company 06/18/2026 50 Call                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -150 | NS      | $-181500.00   | -0.28%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Baker Hughes Company 06/18/2026 40 Put                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       200 | NS      | $8500.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Citigroup, Inc. 07/17/2026 90 Put                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       185 | NS      | $45510.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Salesforce, Inc. 06/18/2026 170 Put                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        50 | NS      | $42250.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | CSX Corporation 08/21/2026 35 Put                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       200 | NS      | $18000.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Deere & Company 09/18/2026 680 Call                                 | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -15 | NS      | $-22087.50    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Deckers Outdoor Corporation 06/18/2026 80 Put                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       150 | NS      | $31125.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Dow, Inc. 09/18/2026 37.5 Call                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        40 | NS      | $30600.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | EPAM Systems, Inc. 07/17/2026 110 Put                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        70 | NS      | $38150.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | FedEx Corporation 06/18/2026 320 Put                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        30 | NS      | $22725.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd.               | Arch Capital Group Ltd.                                             | CUSIP: G0450A105<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |     10737 | NS      | $1030644.63   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                       | AstraZeneca plc                                                     | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      4854 | NS      | $957305.88    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                         | Accenture PLC                                                       | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      8222 | NS      | $1630340.38   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                              | ICON plc                                                            | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      1994 | NS      | $220656.04    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Alphabet, Inc. 04/17/2026 280 Put                                   | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        70 | NS      | $33600.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Logitech International SA             | Logitech International S.A.                                         | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Short            | EC               | CORP              | CH        |     -1787 | NS      | $-162831.44   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Ionis Pharmaceuticals, Inc. 07/17/2026 90 Call                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       125 | NS      | $27187.50     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Johnson & Johnson 07/17/2026 200 Put                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        70 | NS      | $15785.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Kirby Corporation 06/18/2026 130 Put                                | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        40 | NS      | $31800.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Kirby Corporation 09/18/2026 140 Call                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |       -26 | NS      | $-30810.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | KKR & Company, Inc. 06/18/2026 70 Put                               | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        50 | NS      | $9500.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wix.com Limited                       | Wix.com Ltd.                                                        | CUSIP: M98068105<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     11841 | NS      | $1066518.87   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | MetLife, Inc. 06/18/2026 65 Put                                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       100 | NS      | $21750.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Meta Platforms, Inc. 07/17/2026 500 Put                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        22 | NS      | $44550.00     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | 3M Company 07/17/2026 120 Put                                       | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        80 | NS      | $21960.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Microsoft Corporation 07/17/2026 340 Put                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        30 | NS      | $37425.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | NIKE, Inc. 07/17/2026 50 Put                                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       150 | NS      | $54375.00     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | ServiceNow, Inc. 06/18/2026 98 Put                                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        80 | NS      | $60000.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Blue Owl Capital, Inc. 07/17/2026 8 Put                             | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       550 | NS      | $38500.00     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | PayPal Holdings, Inc. 07/17/2026 50 Call                            | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       125 | NS      | $33500.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | iShares Silver Trust 06/18/2026 50 Put                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       120 | NS      | $18600.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Suncor Energy, Inc. 12/18/2026 47 Call                              | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -151 | NS      | $-306530.00   | -0.47%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | TJX Companies, Inc. (The) 04/17/2026 140 Put                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        70 | NS      | $2555.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Taiwan Semiconductor Manufacturing Company Ltd. 07/17/2026 390 Call | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        80 | NS      | $127400.00    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Uber Technologies, Inc. 06/18/2026 67.5 Put                         | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       100 | NS      | $34000.00     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | UnitedHealth Group, Inc. 07/17/2026 410 Call                        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        80 | NS      | $6320.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Wix.com Ltd. 07/17/2026 100 Call                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Short            | DE               | CORP              | US        |      -101 | NS      | $-74740.00    | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Wix.com Ltd. 07/17/2026 115 Call                                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       101 | NS      | $42672.50     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | Wix.com Ltd. 07/17/2026 75 Put                                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |        80 | NS      | $60400.00     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION      | State Street Energy Select Sector SPDR ETF 09/18/2026 50 Put        | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       300 | NS      | $34650.00     | 0.05%             |  |  |  | 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