Understanding the Vice Global Fund
The Vice Global Fund, with its somewhat cheeky commitment to the less-celebrated sectors of alcohol, tobacco, gaming, and defense, capitalizes on what your mother warned you about - vice pays, at least in the investment world! This mutual fund, managed by the restless souls at USA Mutuals, has embraced the notion that high spirits, smoky bets, rolling dice, and defended territories are not just weekend plans but viable investment frontiers.
Originally named the Vice Fund, it underwent a brief identity crisis, rebranding to Vitium Global Fund, before realizing ‘Vice’ had a better ring to it and reverting in August 2021.
Key Investment Strategies
Seeking thrills in the stock market, the fund cherry-picks companies that might make health advocates frown but investors smile. The fund is not just about being naughty; it meticulously selects companies based on strong dividends, consistent revenue, and the potential to withstand economic roller coasters. Think of it as investing in a rock band that has both wild guitar solos and a prudent investment advisor.
Financial Details for the Risk Takers
Structured as an open-end mutual fund, this indulgence offers four share classes: A, C, Investor, and Institutional. Fees vary by class, with indulgence costing you a management fee of 0.95% and total annual operating expenses that can flirt between 1.24% to 2.24%.
For those who like to gamble but also read the fine print, the fund offers various sales load options across its share classes, akin to choosing between scotch on the rocks or straight up.
Performance: Sinful or Saintly?
The fund’s financial charisma is encapsulated in its performance with steady returns sprinkled like confetti at a New Year’s party. As of last check-in mid-2022, despite the global economic hangover, Vice Global Fund flaunted a respectably sinful return, showcasing the enduring appeal of indulging in a bit of vice.
Related Terms
- Sin Stocks: Shares in industries typically considered morally hazardous but potentially profitable.
- Mutual Fund: An investment vehicle made up of a pool of funds collected from many investors.
- Dividend: A reward, cash or otherwise, that a company distributes to its shareholders.
- Market-Neutral Investing: An investment strategy that seeks to avoid forms of market risk by taking long and short positions in stocks.
Recommended Reading for Aspiring Connoisseurs of Vice
- “Devil’s Banker” by Adam Anderson - Dive into the fascinating intertwining of finance and morally ambiguous investments.
- “Investing in Sin Stocks” by Malcom Berko - An enlightening guide on navigating the profitable yet controversial world of sin stocks.
As the saying goes, sometimes the key to financial success comes not from avoiding vices, but from investing in them wisely. Proceed with caution, but perhaps, a small walk on the wild side could add just the right amount of spice to your investment portfolio!
