The legacy of USA Mutuals is, and will continue to be, rooted in the satisfaction of the thousands of investors we’ve had the privilege to serve. Their expectations are our expectations. Their success is our success. Yes, it can, and should be, that simple
Our simple mandate: Create an environment in which the company’s goals and expectations are truly aligned with our investors.

Vice Funds

USA Mutuals / Vice Funds (Page 2)


The Vice Fund (VICEX) has a 16-year history of investing in Alcohol, Tobacco, Gaming, and Aerospace Defense. We believe that the long-term opportunities that our sectors have before them are compelling and offer investors a unique opportunity for entry into companies who benefit from global trends in growth. READ FULL ARTICLE...

Why Sin Stocks Are an Investor’s Salvation

If socially responsible investments appeal to investors’ do-gooder tendencies, sin stocks speak to the darker side of human nature. Sin stocks include companies whose activities are viewed as unethical or immoral. Ethical concerns aside, there are some solid reasons to make room for sin stocks in your portfolio. “In the long term, vice investing makes sense because these are often well-managed companies with generationally established brands and extremely loyal customers,” says Jordan C. Waldrep, portfolio manager of The Vice Fund...


Since its inception in 2002, the Vice Fund has been investing in Gambling, Alcohol, Tobacco, and Aerospace/Defense sectors. From inception until March 31, 2018, the Fund has been able to outperform the S&P 500 by 1.28% annually after fees because, we feel, the investor community has underestimated the growth potential of these vice sectors. DOWNLOAD PDF...