USA Mutuals Vice Fund Class A Shares (VICAX)
| Fund Assets | 54.26M |
| Expense Ratio | 1.73% |
| Min. Investment | $2,000 |
| Turnover | 14.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 2.34% |
| Dividend Growth | -73.32% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 9, 2024 |
| Previous Close | 23.71 |
| YTD Return | 15.94% |
| 1-Year Return | 15.17% |
| 5-Year Return | 33.31% |
| 52-Week Low | 19.68 |
| 52-Week High | 24.35 |
| Beta (5Y) | n/a |
| Holdings | 33 |
| Inception Date | Dec 8, 2011 |
About VICAX
USA Mutuals Vice Fund Class A Shares is an actively managed mutual fund focused on achieving long-term capital growth by investing primarily in companies operating within certain industries often considered socially controversial or 'vice' sectors. The fund targets equity securities from the alcoholic beverages, tobacco, gaming, and defense/aerospace sectors, seeking exposure to businesses with significant barriers to entry and resilient demand across economic cycles. Under normal market conditions, at least 80% of its net assets are allocated to these sectors, with a strict concentration mandate of at least 25% but no more than 80% in any single industry. The portfolio is global, including both U.S. and foreign companies, and may allocate up to 20% to other socially controversial areas for diversification. The fund's strategy leverages the perceived undervaluation of these industries, which often face institutional avoidance and regulatory scrutiny, aiming to provide defensive growth and differentiated risk exposure within a broader equity portfolio.
Performance
VICAX had a total return of 15.17% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.51%.
Top 10 Holdings
57.44% of assets| Name | Symbol | Weight |
|---|---|---|
| BAE Systems plc | BA | 9.74% |
| Northrop Grumman Corporation | NOC | 7.91% |
| Philip Morris International Inc. | PM | 7.20% |
| RTX Corporation | RTX | 6.51% |
| Diageo plc | DGED | 4.96% |
| Heineken N.V. | HEIA | 4.72% |
| Alibaba Group Holding Limited | BABA | 4.34% |
| British American Tobacco PLC - BRIT AMER TO-ADR | n/a | 4.23% |
| Anheuser-Busch Inbev SA/NV - ANHEUSER-SPN ADR | n/a | 4.16% |
| Carlsberg A/S | CARL.B | 3.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 9, 2024 | $0.5814 | Dec 10, 2024 |
| Dec 7, 2023 | $2.1789 | Dec 8, 2023 |
| Dec 8, 2022 | $1.9344 | Dec 9, 2022 |
| Dec 9, 2021 | $3.9342 | Dec 9, 2021 |