VELA Funds EFFECT Notice of effectiveness

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	September 28, 2020 10:00 A.M.

Form:

N-1A

CIK:

0001815493

Company Name:

VELA Funds

File Number:

333-239642

REFERENCED SERIES/CLASSES (CONTRACTS)

Series ID
	Class/Contract	Name
S000069562		VELA International Fund
	C000221919	Class I
	C000221920	Class A

Series ID
	Class/Contract	Name
S000069563		VELA Large Cap 130/30 Fund
	C000221921	Class I
	C000221922	Class A

Series ID
	Class/Contract	Name
S000069564		VELA Small Cap Fund
	C000221923	Class I
	C000221924	Class A