USA Mutuals Vice Fund Class C Shares (VICCX)
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USA Mutuals Vice Fund Class C Shares Profile
| NASDAQ Exchange | United States Country |
Overview
The company operates a specialized investment fund that focuses primarily on equity securities of companies involved in various vice industries, including alcoholic beverages, defense/aerospace, gaming, and tobacco. It adheres to a specific investment strategy, whereby at least 80% of its net assets, in addition to any borrowings for investment purposes, are allocated to companies generating substantial revenue from these sectors. This strategy demonstrates the fund's commitment to targeting the so-called "vice" markets, capitalizing on the potentially unique investment opportunities they present. The fund has set a policy to concentrate a minimum of 25% of its net assets in these four vice industries, ensuring a significant exposure to these areas, albeit with a cap of no more than 80% of its net assets invested in any single industry. This approach indicates a balanced diversification strategy within the confines of the vice sectors, aiming to mitigate risks associated with overexposure to any single industry while attempting to maximize returns from the collective performance of these industries.
Products and Services
- Equity Securities Investment
The fund's core service involves investing in the equity securities of companies significantly involved in vice industries—specifically, alcoholic beverages, defense/aerospace, gaming, and tobacco. By allocating at least 80% of its net assets to these sectors, the fund offers investors targeted exposure to industries considered resilient or counter-cyclical to economic downturns.
- Industry Concentration
A minimum of 25% of the fund's net assets are concentrated in the alcoholic beverage, defense/aerospace, gaming, and tobacco industries. This focused approach underscores the fund's strategy to leverage the combined growth and stability of these sectors. By ensuring that no more than 80% of its net assets are invested in any single industry, the fund maintains a balance, avoiding over-dependence on any one sector and spreading risk across the selected vice industries.
