5 / 5 Stars
5 3 5 5 4
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
#6 in Large Blend
U.S. News evaluated 487 Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 27.13 percent over the past year, 20.24 percent over the past three years, and 22.68 percent over the past five years.
|Trailing Returns||Updated 02.28.2014|
|Year to date||1.3%|
|3 Years (Annualized)||20.2%|
|5 Years (Annualized)||22.7%|
|10 Years (Annualized)||9.9%|
For investors in the Vice Fund, being bad has rarely felt so good.
As of March 05, 2014, the fund has assets totaling almost $273.48 million invested in 104 different holdings. Its portfolio consists of shares of large and midsized companies.
As its name suggests, this fund invests in "sin" stocks, and its list of top holdings is littered with companies that conscientious investors love to hate, including Philip Morris, Lorillard, British American Tobacco, and Altria. Mixed in with these big names in tobacco are defense and weapons giants like Lockheed Martin and Raytheon, beer companies such as Carlsberg A/S and Molson Coors, and some gambling picks. The fund, which is a counterbalance to the socially responsible investing movement, seeks out sin names wherever it can find them, including in the United States, the United Kingdom, Belgium, and Hong Kong.
While sin stocks are often thought of as recessionproof, the fund took a nosedive in 2008, losing a painful 41 percent. Lately, however, the fund has been putting together some impressive numbers. After beating the broader market by a comfortable margin last year, the fund has continued to outperform in 2011. As of the end of June, the fund had returned upwards of 14 percent year-to-date. That's well over 8 percentage points better than the average for Morningstar's large-blend category. Many of the fund's holdings have been seeing blockbuster returns this year. Take, for instance, the Hong Kong-based Galaxy Entertainment Group, which, after returning 203 percent in 2009 and 173 percent last year, has, as of late July, returned 120 percent this year. The fund has returned 27.13 percent, 20.24 percent over the past three years, and 22.68 percent over the past five years.
According to the fund's prospectus: "Under normal market conditions, the Fund will invest at least 80% of its net assets in equity securities of companies that derive a significant portion of their revenues from alcoholic beverages, tobacco, gaming and defense/aerospace. The Fund may, from time to time, have greater than 25%, but no more than 80%, of its net assets concentrated in one of these industries. While the Fund may concentrate its investments in one of these industries, it is likely that the particular industries or sectors most attractive to the Fund may, and likely will, change over time."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
Gerald Sullivan manages the fund.
Vice Fund has an expense ratio of 1.64 percent.
Like all stock funds, this one comes with some risks.