DALLAS, Dec. 21, 2017 /PRNewswire/ -- The USA Mutuals Vice Fund (Symbol: VICEX) recently celebrated its 15-year track record by ranking in the top 3% of the Morningstar Large-Cap Blend category for that time-period out of 509 Funds as of 11/30/2017.
As of December 19, 2017, the Vice Fund has returned 11.50% annually over the past 15 years, outpacing the 9.91% of the S&P 500 and 9.23% of its Morningstar peers.
"Given the variety of investment cycles the market has experienced over the past 15 years, we are extremely pleased with how the Vice Fund's investment thesis has proven out," said Michael Loukas, President and CEO of USA Mutuals Advisors, Inc. "The strategy continued to exemplify the 'all weather' investment approach that characterizes all of our funds."
"The Vice Fund's unique approach to investing results in owning companies that have historically delivered strong shareholder value throughout several types of market cycles. Many of which are generationally great American success stories," said Jordan Waldrep, Portfolio Manager of the Vice Fund. "Furthermore, The Vice Fund's long-term track record demonstrates how a focus on wide-moat industries such as Alcohol, Tobacco, Gaming and Defense can create these returns with potentially lower risks to investors while also positioning the portfolio for the evolution of current trends such as cannabis, for example. We hope to continue to do that for our shareholders."
Click here for Prospectus.
Mutual fund investing involves risk; principal loss is possible. The Fund will concentrate its net assets in industries that have significant barriers to entry including the alcoholic beverages, tobacco, gaming and defense/aerospace industries, the Fund may be subject to the risks affecting those industries, including the risk that the securities of companies within those industries will underperform due to adverse economic conditions, regulatory or legislative changes or increased competition affecting those industries, more than would a fund that invests in a wide variety of industries. The Fund invests in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods. The Fund invests in smaller companies, which involve additional risks, such as limited liquidity and greater volatility. Derivatives may involve certain costs and risks such as liquidity, interest rate, market, credit, management and the risk that a position could not be closed when most advantageous. Investing in derivatives could result in losing more than the amount invested. If a security sold short increases in price, the Fund may have to cover its short position at a higher price than the short sale price, resulting in a loss.
For fund prospectus, important disclosures, and performance information please click here.
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. Gross expense ratio of Vice Investor (VICEX) 1.49%
Morningstar Rankings represent a fund's total-return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile rank is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. As of 11/30/17, the Vice Fund is ranked in the 74, 84, and 83 percentiles of 1,5, and 10-year ratings out of 1311, 1047, and 784 total funds in the large-blend category, respectively. Past performance does not guarantee future results.
© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
The USA Mutuals Funds are distributed by Quasar Distributors, LLC.
Mike Loukas, President
USA Mutual Advisors
Phone: 1(800) MUTUALS (1-800-688-8257)
SOURCE USA Mutuals Advisors, Inc.