The investment seeks long-term growth of capital. Under normal market conditions, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of companies that derive a significant portion of their revenues from a group of vice industries that includes the alcoholic beverages, tobacco, gaming and defense/aerospace industries. It will concentrate at least 25% of its net assets in these vice industries (but no more than 80% of its net assets in any single industry).
Fund filings (PDF) »
Gerald Sullivan (Started: Jun 1, 2011)
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USA Mutuals, Plaza Of The Americas, 700 N Pearl Street, Suite 900, Dallas TX 75201, USA