The Vice Fund (MUTF: VICEX), formerly the Barrier Fund, is a
mutual fund investing in companies that have significant involvement in, or derive a substantial portion of their revenues from the
tobacco,
gambling,
defense
Defense or defence may refer to:
Tactical, martial, and political acts or groups
* Defense (military), forces primarily intended for warfare
* Civil defense, the organizing of civilians to deal with emergencies or enemy attacks
* Defense industr ...
/aerospace, and
alcohol
Alcohol most commonly refers to:
* Alcohol (chemistry), an organic compound in which a hydroxyl group is bound to a carbon atom
* Alcohol (drug), an intoxicant found in alcoholic drinks
Alcohol may also refer to:
Chemicals
* Ethanol, one of sev ...
industries, i.e., business devoted to behaviors that are traditionally regarded as morally questionable
vices.
The fund has received a great deal of media coverage even in non-English magazines.
[Syndens seier, Ole Asbjørn Ness, Jacob Trumphy, Finansavisen 10 September 2011, p.34–37]
History
The fund manager as of September 1, 2020 is Paul Strehle.
The fund was organized in March 2001 by USA Mutuals, which at the time was known as Mutuals.com. The fund's inception date was August 30, 2002.
On October 1, 2019, USA Mutuals renamed the Vice Fund to the Vitium Global Fund. The newly named fund will invest at least 40% of its assets in foreign companies.
References
{{reflist
External links
VICE FUND Fact SheetOfficial site
Mutual funds of the United States