USA Mutuals Vice A (VICAX)

Fund Assets	47.75M
Expense Ratio	1.938%
Min. Investment	$2,000
Turnover	17.00%
Dividend (ttm)	0.26
Dividend Yield	1.19%
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 8, 2025

Previous Close	21.92
YTD Return	3.93%
1-Year Return	2.99%
5-Year Return	27.12%
52-Week Low	20.83
52-Week High	24.80
Beta (5Y)	1.18
Holdings	42
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.

• Fund Family: USA Mutuals
• Category: Multi-Cap Core
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VICAX
• Share Class: Class A
• Index: MSCI AC World TR USD

Performance

VICAX had a total return of 2.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.62%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VICVX	Institutional Class	1.78%
VICEX	Investor Class	2.03%
VICCX	Class C	2.78%

Top 10 Holdings

52.94% of assets

Name	Symbol	Weight
BAE Systems plc	BA	7.71%
BRITISH AMERICAN TOBACCO PLC - BRIT AMER TO-ADR	BMTA.DE	6.41%
Philip Morris International Inc.	PM	5.85%
RTX Corporation	RTX	5.75%
Anheuser-Busch InBev SA/NV	BUD	5.65%
Heineken N.V.	HEIA	4.94%
Altria Group, Inc.	MO	4.93%
Northrop Grumman Corporation	NOC	3.99%
Diageo plc	DGED	3.86%
Carlsberg A/S	CARL.B	3.85%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 8, 2025	$2.8751	Dec 9, 2025
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

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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