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USA Mutuals Vice Fund
mutual fund
VICEX
Payout Change
Pending
Price as of:
$21.16
+0.07
+0.33%
primary theme
N/A
share class
VICEX (Mutual Fund)
USA Mutuals Vice Fund
Payout Change
Pending
Price as of:
$21.16
+0.07
+0.33%
primary theme
N/A
share class
VICEX (Mutual Fund)
USA Mutuals Vice Fund
Payout Change
Pending
Price as of:
$21.16
+0.07
+0.33%
primary theme
N/A
share class
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.3%
1 yr return
7.5%
3 Yr Avg Return
3.2%
5 Yr Avg Return
1.2%
Net Assets
$54.3 M
Holdings in Top 10
62.6%
52 WEEK LOW AND HIGH
$21.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.91%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
$100
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/12/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VICEX - Profile
Distributions
- YTD Total Return 5.3%
- 3 Yr Annualized Total Return 3.2%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.15%
- Dividend Yield 1.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameUSA Mutuals Vice Fund
-
Fund Family NameUSA Mutuals
-
Inception DateAug 30, 2002
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBen Warwick
Fund Description
The Fund, a diversified investment company, invests primarily in equity securities (i.e., common stocks, preferred stocks and securities convertible into common stocks) of small, medium and large capitalization companies, which include U.S. issuers and foreign issuers, including those whose securities are traded in foreign jurisdictions, as well as those whose securities are traded in the U.S. as American Depositary Receipts (“ADRs”).
Under normal market conditions, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of companies that derive a significant portion of their revenues from a group of vice industries that includes the alcoholic beverages, defense/aerospace, gaming, and tobacco industries. The Fund concentrates at least 25% of its net assets in this group of four vice industries (but no more than 80% of its net assets in any single industry). “Vice industries” are those industries whose focus, in the Adviser’s assessment, may be morally questioned by members of the general public or face funding or regulatory challenges because of social disapproval. In addition, under normal market conditions, the Fund invests in at least three countries (one of which may be the United States) and invests at least 40% of its total assets at the time of purchase in non-U.S. companies.
The Fund also participates in the short selling of securities and certain options strategies in an attempt to generate incremental returns. Use of these strategies may vary depending upon market and other conditions and may be limited by regulatory and other constraints.
For cash management purposes or due to a lack of suitable investment opportunities, the Fund may hold up to 20% of its net assets in cash or similar short-term, high-quality debt securities. These short-term debt securities and money market instruments include commercial paper, certificates of deposit, bankers’ acceptances, shares of money market mutual funds, U.S. government securities and repurchase agreements.
VICEX - Performance
Return Ranking - Trailing
| Period | VICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -35.6% | 29.2% | 7.16% |
| 1 Yr | 7.5% | 17.3% | 252.4% | 73.41% |
| 3 Yr | 3.2%* | -3.5% | 34.6% | 98.91% |
| 5 Yr | 1.2%* | 0.1% | 32.7% | 92.35% |
| 10 Yr | 4.0%* | -6.9% | 18.3% | 44.90% |
* Annualized
Return Ranking - Calendar
| Period | VICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -11.8% | -24.3% | 957.1% | 92.55% |
| 2022 | -4.4% | -38.3% | 47.1% | 55.63% |
| 2021 | -15.3% | -54.2% | 0.6% | 85.46% |
| 2020 | -4.7% | -76.0% | 54.1% | 31.92% |
| 2019 | 20.4% | -26.1% | 47.8% | 98.88% |
Total Return Ranking - Trailing
| Period | VICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.3% | -35.6% | 29.2% | 7.16% |
| 1 Yr | 7.5% | 11.4% | 252.4% | 69.43% |
| 3 Yr | 3.2%* | -3.5% | 34.6% | 98.66% |
| 5 Yr | 1.2%* | 0.1% | 32.7% | 91.54% |
| 10 Yr | 4.0%* | -6.9% | 18.3% | 43.97% |
* Annualized
Total Return Ranking - Calendar
| Period | VICEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.1% | -24.3% | 957.1% | 92.55% |
| 2022 | 3.3% | -33.1% | 47.1% | 56.01% |
| 2021 | -1.3% | -44.4% | 1.8% | 90.04% |
| 2020 | -0.9% | -6.5% | 54.1% | 53.15% |
| 2019 | 26.2% | -14.4% | 47.8% | 99.20% |
NAV & Total Return History
VICEX - Holdings
Concentration Analysis
| VICEX | Category Low | Category High | VICEX % Rank | |
|---|---|---|---|---|
| Net Assets | 54.3 M | 199 K | 133 B | 71.16% |
| Number of Holdings | 29 | 1 | 9075 | 87.56% |
| Net Assets in Top 10 | 35.8 M | -18 M | 37.6 B | 64.65% |
| Weighting of Top 10 | 62.56% | 9.1% | 100.0% | 6.41% |
Top 10 Holdings
- RTX CORP 12.28%
- NORTHROP GRUMMAN 11.72%
- BAE SYSTEMS PLC 7.24%
- DIAGEO PLC-ADR 6.01%
- PHILIP MORRIS IN 4.99%
- Heineken NV 4.65%
- PERNOD RICARD SA 4.36%
- ANHEUSER-SPN ADR 4.06%
- EVOLUTION AB 3.87%
- BRIT AMER TO-ADR 3.39%
Asset Allocation
| Weighting | Return Low | Return High | VICEX % Rank | |
|---|---|---|---|---|
| Stocks | 98.00% | 61.84% | 125.47% | 92.62% |
| Cash | 2.00% | -174.70% | 23.12% | 5.51% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 73.24% |
| Other | 0.00% | -13.98% | 19.14% | 24.89% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 70.37% |
| Bonds | 0.00% | -1.50% | 161.67% | 71.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VICEX % Rank | |
|---|---|---|---|---|
| Consumer Defense | 51.53% | 0.00% | 73.28% | 0.77% |
| Consumer Cyclical | 24.34% | 0.00% | 40.94% | 0.22% |
| Industrials | 21.47% | 0.00% | 44.06% | 14.65% |
| Real Estate | 1.69% | 0.00% | 39.48% | 52.97% |
| Healthcare | 0.97% | 0.00% | 35.42% | 98.02% |
| Utilities | 0.00% | 0.00% | 29.12% | 67.95% |
| Technology | 0.00% | 0.00% | 49.87% | 98.35% |
| Financial Services | 0.00% | 0.00% | 38.42% | 96.04% |
| Energy | 0.00% | 0.00% | 21.15% | 62.89% |
| Communication Services | 0.00% | 0.00% | 57.66% | 97.69% |
| Basic Materials | 0.00% | 0.00% | 38.60% | 85.57% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VICEX % Rank | |
|---|---|---|---|---|
| US | 65.99% | 0.13% | 103.82% | 94.71% |
| Non US | 32.01% | 0.58% | 99.46% | 8.26% |
VICEX - Expenses
Operational Fees
| VICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.91% | 0.01% | 44.27% | 24.86% |
| Management Fee | 0.95% | 0.00% | 1.82% | 93.44% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 43.24% |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| VICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| VICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 85.71% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| VICEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 395.00% | 11.70% |
VICEX - Distributions
Dividend Yield Analysis
| VICEX | Category Low | Category High | VICEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.49% | 0.00% | 3.26% | 69.69% |
Dividend Distribution Analysis
| VICEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| VICEX | Category Low | Category High | VICEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.15% | -4.27% | 12.65% | 36.14% |
Capital Gain Distribution Analysis
| VICEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 09, 2024 | $0.581 | CapitalGainLongTerm |
| Dec 07, 2023 | $0.316 | OrdinaryDividend |
| Dec 07, 2023 | $1.859 | CapitalGainLongTerm |
| Dec 08, 2022 | $1.929 | OrdinaryDividend |
| Dec 09, 2021 | $3.934 | CapitalGainLongTerm |
| Dec 29, 2020 | $1.155 | CapitalGainLongTerm |
| Dec 19, 2019 | $0.217 | OrdinaryDividend |
| Dec 19, 2019 | $1.129 | CapitalGainLongTerm |
| Jun 20, 2019 | $0.100 | OrdinaryDividend |
| Dec 20, 2018 | $0.085 | CapitalGainLongTerm |
| Jun 29, 2018 | $0.173 | OrdinaryDividend |
| Dec 20, 2017 | $0.127 | OrdinaryDividend |
| Dec 20, 2017 | $0.292 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.418 | CapitalGainLongTerm |
| Jun 30, 2017 | $0.182 | OrdinaryDividend |
| Dec 21, 2016 | $0.103 | OrdinaryDividend |
| Dec 21, 2016 | $0.802 | CapitalGainShortTerm |
| Dec 21, 2016 | $4.285 | CapitalGainLongTerm |
| Jun 30, 2016 | $0.330 | OrdinaryDividend |
| Jun 30, 2015 | $0.355 | OrdinaryDividend |
| Dec 23, 2014 | $0.057 | OrdinaryDividend |
VICEX - Fund Manager Analysis
Managers
Ben Warwick
Start Date
Tenure
Tenure Rank
Sep 04, 2020
1.74
1.7%
Mr. Ben Warwick serves as a portfolio manager at USA Mutuals Advisors, Inc. Mr. Warwick also currently serves as a private wealth advisor for Aveo Capital Partners, LLC, Quantitative Equity Strategies (QES) and Sovereign Private Equity Management. Mr. Warwick founded QES, a quantitative investment management firm that developed indices for the mutual fund industry, in 1999. In addition, Mr. Warwick has served as Chief Investment Officer for Fort Point Capital Partners. Mr. Warwick obtained his bachelor’s degree from the University of Florida and his MBA from the University of North Carolina at Chapel Hill.
Paul Strehle
Start Date
Tenure
Tenure Rank
Sep 04, 2020
1.74
1.7%
Mr. Paul Strehle serves as a portfolio manager at USA Mutuals Advisors, Inc. Previously, Mr. Strehle was a portfolio manager at Fort Point Capital Partners from 2015 to 2020. Previously, Mr. Strehle was a Principal at the Carlyle Group on the quantitative market strategies team. In addition, Mr. Strehle has also been an options trader and portfolio manager at Goldman Sachs and the Hermitage Group. He was also Global Head of Solutions at RTS Realtime Systems (a Bloomberg company) and served on the firm's management board. Mr. Strehle graduated from Lawrence University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |
