X0101 EFFECT 33 LIVE 2020-09-28 10:00:00

N-1A

0001815493 VELA Funds 333-239642 S000069562 VELA International Fund C000221919 Class I S000069562 VELA International Fund C000221920 Class A S000069563 VELA Large Cap 130/30 Fund C000221921 Class I S000069563 VELA Large Cap 130/30 Fund C000221922 Class A S000069564 VELA Small Cap Fund C000221923 Class I S000069564 VELA Small Cap Fund C000221924 Class A