# EDGAR Filing Document

**Accession Number:** 0001815493
**File Stem:** 0001580642-25-007821
**Filing Date:** 2025-12
**Character Count:** 2187
**Document Hash:** 2d6cc75a1914676104dd53b813303a62
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-007821.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001580642-25-007821

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**EFFECTIVENESS DATE**: 20251212

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-239642
- **FILM NUMBER:** 251568660

**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 Name                      | Class ID   |
| VELA Small-Mid Cap Fund Class A | C000267517 |
| VELA Small-Mid Cap Fund Class I | C000267518 |

---

## Series and Classes Contracts Data

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

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000267517 | VELA Small-Mid Cap Fund Class A |  |
| C000267518 | VELA Small-Mid Cap Fund Class I |  |

**VELA FUNDS**

**(the "Trust")**

**VELA Small-Mid Cap Fund**

**(the "Fund")**

(a series of VELA Funds)

**Supplement dated December 12, 2025 to the Prospectus, Summary Prospectus, and** 

**Statement of Additional Information**

**each dated December 13, 2025**

Effective December 13, 2025, all references to Class A Shares of the Fund are removed from the Fund's Prospectus, Summary Prospectus, and Statement of Additional Information. Only Class I Shares of the Fund are available for sale.

**\* \* \* \* \***

**This supplement should be read in conjunction with the Prospectus, Summary Prospectus, and Statement of Additional Information each dated December 13, 2025.**

**Please retain this supplement for future reference.**