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| Returns | 1D | 1M | 3M | YTD | 1Y | 3Y | 5Y | MAX |
|---|---|---|---|---|---|---|---|---|
| Total return | ▲ +4.0% | ▼ −63.3% | ▼ −66.7% | — | — | — | — | ▼ −92.3% |
| Peer average | ▼ −1.6% | ▼ −15.9% | ▼ −11.3% | ▼ −14.3% | ▼ −27.0% | ▲ +31.6% | — | — |
| S&P 500 · VOO | ▼ −0.4% | ▲ +0.9% | ▲ +3.3% | ▲ +13.8% | ▲ +13.3% | ▲ +88.8% | ▲ +81.9% | — |
Reported holdings are shown below. A share-of-fund chart is unavailable for this portfolio.
Holdings as of 2026-11-02. Derivatives are shown using their reported instrument names.
| Holding | Instrument | Weight |
|---|---|---|
| VELO3D, INC.-SWAP-CLST-L | swap | 42.70% |
| VELO3D, INC.-SWAP-MREX-L | swap | 40.31% |
| VELO3D, INC.-SWAP-NMRA-L | swap | 40.31% |
| VELO3D, INC.-SWAP-NBCB-L | swap | 39.80% |
| VELO3D, INC.-SWAP-CANT-L | swap | 37.66% |
| First American Government Obligations Fund 12/01/2031 | Reported holding | 8.44% |
| Cash & Other | Reported holding | -109.22% |
VELL uses swap agreements to make bullish bets on the Velo3D, Inc. (TICKER: VELO) share price. Velo3D operates as a technology company, which engages in developing and manufacturing metal laser sintering printing machines for 3D printing. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in VELO share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. VELL could potentially lose value over time, even if VELO' performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.
Verified payout history is unavailable.
Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.
Historical risk measures describe past behavior and do not predict future returns.
Hear the strategy from the people behind VELL.