The Vitium Global Fund invests in domestic and foreign companies engaged in the aerospace and defense industries, owners and operators of casinos and gaming facilities, manufacturers of cigarettes and other tobacco products, and brewers, distillers, vintners and producers of other alcoholic beverages. These sectors have exhibited resilient demand through economic cycles and have fundamental strengths that help explain why they’ve endured for centuries.
VITIUM GLOBAL FUND
INNOVATIVE INVESTMENTS. EVOLVED EXPECTATIONS.
Charles L. Norton, CFA
Portfolio Management
Mr. Charles L. Norton is co-portfolio manager of the Vitium Global Fund. Mr. Norton serves as a portfolio manager at the Advisor and also serves as a portfolio manager at Penn Davis McFarland, Inc., a Dallas-based registered investment advisor. Previously, Mr. Norton managed global multi-asset class portfolios as a senior portfolio manager at Wells Fargo Private Bank, where he also served as a senior analyst on the national equity research team covering consumer stocks. Mr. Norton was also a founding principal of a long/short equity investment management firm, where he was responsible for portfolio management and investment research for all of the company’s managed assets. Mr. Norton started his career as an analyst at a NYC-based hedge fund firm and a health care investment banker at Smith Barney. Mr. Norton is a CFA charterholder and holds a bachelor’s degree in finance from Tulane University’s A.B. Freeman School of Business.
Jeffrey W. Helfrich, CFA
Portfolio Management
Mr. Jeffrey W. Helfrich is co-portfolio manager of the Vitium Global Fund. Mr. Helfrich serves as a portfolio manager at the Advisor and also serves as a portfolio manager at Penn Davis McFarland, Inc., a Dallas-based registered investment advisor. Previously, Mr. Helfrich was a research analyst for a multi-billion-dollar family office in Dallas, investing in debt and equity. Mr. Helfrich also has been a global equity research analyst with Janus Capital Group (now Janus Henderson Group), and Independence Capital Asset Partners, LLC in Denver. Mr. Helfrich graduated magna cum laude from Harvard University with an AB in Economics and is a CFA charterholder.
QUARTER-END PERFORMANCE AS OF 9/30/2019
| FUND | YTD | 1 YEAR | 3 YEARS | 5 YEARS | 10 YEARS | SINCE INCEPTION* |
|---|---|---|---|---|---|---|
USA Mutuals Vitium Global Fund Investor Class | 17.92% | -0.24% | 4.77% | 5.62% | 10.87% | 9.08% |
USA Mutuals Vitium Global Fund Class A w/ Load | 11.13% | -5.99% | 2.66% | 4.34% | - | 9.50% |
USA Mutuals Vitium Global Fund Class A w/o Load | 17.91% | -0.27% | 4.71% | 5.58% | - | 10.33% |
USA Mutuals Vitium Global Fund Class C w/ Load | 16.26% | -1.97% | 4.01% | 4.84% | - | 9.55% |
USA Mutuals Vitium Global Fund Class C w/o Load | 17.26% | -0.98% | 4.01% | 4.84% | - | 9.55% |
USA Mutuals Vitium Global Fund Inst. Class | 18.15% | -0.01% | 5.09% | 5.91% | - | 5.02% |
S&P 500 TR | 20.55% | 4.25% | 13.39% | 10.84% | 13.24% | 9.35% |
Inception: 8/30/2002 (Investor), 12/08/2011 (Class A & C), 4/1/2014
(Institutional)Gross expense ratio Vitium: Inst – 1.28%, Investor- 1.53%, A – 1.53%, C- 2.28% Net Expense Ratio Vitium: Inst – 1.24%, Investor – 1.49%, A – 1.49%, C-2.24% Contractual fee waivers through 7/31/20.
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-866-264-8783.
In addition, performance for Class A shares may reflect a CDSC of 1.00% if certain conditions apply. Please see the fund prospectus for further details. Performance shown including load reflects the Class A Maximum Sales Charge of 5.75% and Class C Maximum Sales Charge of 1.00% as a on shares redeemed within 12 months of purchase.
Fund holdings are subject to change and should no be considered a recommendation to buy or sell any security. The top 10 holdings exclude cash or cash instruments.
S&P 500 Index is considered to be generally representative of the U.S. large capitalization stock market as a whole. You cannot invest directly in an index. Unmanaged index returns do not reflect fees, expenses or sales charges.
TOP TEN HOLDINGS AS OF 11/29/2019
| SECURITY NAME | % OF NET ASSETS OR MARKET VALUE |
|---|---|
| RAYTHEON CO | 5.4% |
| LAS VEGAS SANDS CORP | 5.2% |
| GALAXY ENTERTAINME | 5.2% |
| LOCKHEED MARTIN CORP | 4.6% |
| DIAGEO P L C | 4.4% |
| CONSTELLATION BRANDS INC | 4.4% |
| BOEING CO | 4.2% |
| PHILIP MORRIS INTL INC | 4.2% |
| BRITISH AMERN TOB PLC | 3.8% |
| MGM RESORTS INTERNATIONAL | 3.8% |
Our Firm
INNOVATIVE INVESTMENTS. EVOLVED EXPECTATIONS.
With a history spanning three decades, Dallas based USA Mutuals has long been a provider of alternative investment strategies to both the institutional and retail marketplaces. Founded in 1994, the company launched with a simple mandate: Create an environment in which the company’s goals and expectations are truly aligned with our investors. Our stable of fund offerings has been methodically assembled in concert with that mandate. It contains carefully selected Proprietary and Sub-Advised strategies that have historically demonstrated the ability to navigate a variety of market cycles, including the most difficult ones. Armed with a thorough understanding of the performance expectations for each of these investment philosophies, we work diligently to correctly pair them with the portfolio needs of our clients. This alignment of expectations is vital to all aspects of our approach. We firmly believe that the success of USA Mutuals is rooted in the satisfaction of the thousands of investors we’ve had the privilege to serve.