USA Mutuals Vice Investor (VICEX)

Fund Assets	52.07M
Expense Ratio	2.03%
Min. Investment	$2,000
Turnover	17.00%
Dividend (ttm)	0.26
Dividend Yield	1.09%
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 8, 2025

Previous Close	23.89
YTD Return	10.79%
1-Year Return	10.23%
5-Year Return	31.59%
52-Week Low	21.07
52-Week High	25.40
Beta (5Y)	1.18
Holdings	39
Inception Date	Aug 30, 2002

About VICEX

USA Mutuals Vice Fund Investor Class is a mutual fund designed to pursue long-term capital growth by investing primarily in companies operating within so-called "vice industries." The fund allocates at least 80% of its net assets to equity securities of firms that derive significant revenue from the alcoholic beverages, defense/aerospace, gaming, and tobacco sectors. It maintains a concentrated approach, with at least 25% of assets invested across these four industries, but limits exposure to no more than 80% in any single industry. The portfolio is globally diversified, typically holding stocks from both U.S. and international companies, including American Depositary Receipts (ADRs). Notable features include a relatively concentrated portfolio structure and a focus on industries that can face unique regulatory and social challenges. The Vice Fund offers investors targeted access to sectors that are often resilient in varying economic conditions and generally considered to have significant barriers to entry. Since its inception in 2002, this fund has served as a distinctive option for those seeking exposure outside conventional socially responsible investing themes, reflecting its niche within the broader global equity market landscape.

• Fund Family: USA Mutuals
• Category: World Large-Stock Blend
• Performance Rating: Low
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VICEX
• Share Class: Investor Class
• Index: MSCI AC World TR USD

Performance

VICEX had a total return of 10.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.12%.

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%
VICAX	Class A	2.03%
VICCX	Class C	2.78%

Top 10 Holdings

55.78% of assets

Name	Symbol	Weight
BAE Systems plc	BA	9.22%
RTX Corporation	RTX	7.00%
Philip Morris International Inc.	PM	6.99%
British American Tobacco PLC - BRIT AMER TO-ADR	BMTA.DE	6.10%
Northrop Grumman Corporation	NOC	5.37%
Anheuser-Busch InBev SA/NV	BUD	4.78%
Altria Group, Inc.	MO	4.54%
Heineken N.V.	HEIA	4.52%
Carlsberg A/S	CARL.B	3.67%
Diageo plc	DGED	3.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 8, 2025	$2.8728	Dec 9, 2025
Dec 9, 2024	$0.5814	Dec 10, 2024
Dec 7, 2023	$2.1751	Dec 8, 2023
Dec 8, 2022	$1.9293	Dec 9, 2022
Dec 9, 2021	$3.9342	Dec 9, 2021

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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