The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in securities of (i) companies that derive at least 50% of their net revenue from tobacco and alcoholic beverages, (ii) companies that derive at least 50% of their net revenue from the food and beverage industry, and (iii) companies that derive at least 50% of their net revenue from gaming activities. It invests primarily in U.S. exchange listed equity securities, including common and preferred stock and ADRs.
The AdvisorShares Vice ETF (VICE) is designed for investors seeking exposure to companies involved in specific consumer-related sectors, namely tobacco, alcoholic beverages, food and beverage, and gaming. The fund invests at least 80% of its net assets in companies deriving a majority of their revenue from these areas. VICE is actively managed, allowing the fund managers to select securities they believe will outperform within these sectors. The ETF primarily invests in U.S.-listed equity securities, including common and preferred stock and ADRs. Its top holdings include Monster Beverage Corp (5.93%), Philip Morris International Inc (5.26%), and The Hershey Co (5.25%). Sector allocation is heavily weighted towards Consumer Defensive (42.4%) and Consumer Cyclical (24.5%) stocks, with smaller allocations to Communication Services (13.1%), Real Estate (10.6%), Technology (5.3%), and Basic Materials (4.1%). This concentrated approach distinguishes VICE from broader consumer discretionary or staples ETFs.