USA Mutuals Vice Fund Investor Class (VICEX) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
USA Mutuals Vice Fund Investor Class (VICEX) trades at $23.94. USA Mutuals Vice Fund Investor Class (VICEX) seeks long-term capital growth by investing in companies deriving revenue from vice industries. Market cap: $52.0M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 18, 2026Analyst Coverage for VICEX: VICEX does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates VICEX against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
Not enough scored data yet to form a council read on VICEX.
How is this calculated? →USA Mutuals Vice Fund Investor Class (VICEX) Financial Services Profile
USA Mutuals Vice Fund Investor Class (VICEX) is an asset management fund focusing on long-term capital appreciation through investments in vice industries, including alcoholic beverages, defense/aerospace, gaming, and tobacco. The fund concentrates its holdings to meet specific investment criteria within these sectors, offering a unique investment strategy within the financial services landscape.
What Is the Investment Thesis for VICEX?
VICEX presents a focused investment strategy targeting the vice industries, which may offer resilience during economic downturns. The fund's concentration in alcoholic beverages, defense/aerospace, gaming, and tobacco aims to capitalize on consistent demand. With a market cap of $52.0M and a beta of 0.72, VICEX exhibits lower volatility compared to the broader market. The absence of dividend payouts allows for reinvestment into growth opportunities within these sectors. Key catalysts include sustained consumer spending on vice products and geopolitical factors driving defense spending. Potential risks involve regulatory changes impacting these industries and shifting consumer preferences.
Based on FMP financials and quantitative analysis
VICEX Key Highlights
VICEX focuses on long-term capital growth through investments in vice industries.
- The fund allocates at least 80% of its net assets to equity securities in alcoholic beverages, defense/aerospace, gaming, and tobacco companies.
- It concentrates at least 25% of its net assets in the four core vice industries.
- The fund maintains a market capitalization of $52.0M.
- VICEX exhibits a beta of 0.72, indicating lower volatility compared to the market.
Who Are VICEX's Competitors?
VICEX is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| AUERX Auer Growth | $19.36 | +0.26% | $83.4M | — |
| DEBTX Shelton Tactical Credit Fund - Investor Class | $10.24 | -0.19% | $59.9M | — |
| HDSVX Hodges Small Intrinsic Value Fund Retail Cl | $21.74 | -1.09% | $58.7M | — |
| ICCIX Dynamic International Opportunity Fund -Class I | $16.39 | +0.00% | $64.8M | — |
| ICCNX Dynamic International Opportunity Fund - Class N | $16.43 | +0.00% | $64.4M | 44 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
| ETHT ProShares - Ultra Ether ETF | $12.57 | +19.94% | $92.2M | 68 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are VICEX's Key Strengths?
Specialized focus on vice industries.
- Potential for resilient performance during economic downturns.
- Concentrated portfolio for targeted growth.
- Lower volatility compared to broader market (beta of 0.72).
What Are VICEX's Weaknesses?
Limited diversification due to concentrated focus.
- Exposure to regulatory risks specific to vice industries.
- Potential ethical concerns for some investors.
- Small market capitalization ($0.06 billion).
What Could Drive VICEX Stock Higher?
Geopolitical tensions driving increased defense spending.
- Expansion of the global gaming market.
- Stable demand for alcoholic beverages.
- Growth in emerging markets tobacco consumption.
What Are the Key Risks for VICEX?
Regulatory changes impacting vice industries.
- Shifting consumer preferences away from vice products.
- Economic downturns affecting consumer spending.
- Ethical concerns impacting investor sentiment.
What Are the Growth Opportunities for VICEX?
- Increased Defense Spending: Geopolitical instability and rising global tensions are projected to drive increased defense spending by governments worldwide. This trend presents a significant growth opportunity for VICEX, as it invests in defense/aerospace companies. The global defense budget is expected to reach $2.2 trillion by 2026, providing a substantial market for companies in this sector. VICEX can capitalize on this growth by strategically allocating more assets to defense-related equities.
- Expansion of the Gaming Industry: The global gaming market is experiencing rapid growth, driven by increasing internet penetration, mobile gaming, and esports. The market is projected to reach $300 billion by 2027, offering substantial opportunities for VICEX. By increasing its exposure to gaming companies, VICEX can benefit from this expansion. This includes investments in game developers, esports platforms, and related technology providers.
- Resilience of Alcoholic Beverage Consumption: The alcoholic beverage industry has historically demonstrated resilience during economic downturns, as consumer demand remains relatively stable. This provides a consistent revenue stream for companies in this sector, making it an attractive investment for VICEX. The global alcoholic beverage market is expected to grow at a CAGR of 3% over the next five years, offering steady growth potential. VICEX can leverage this by maintaining a significant allocation to established alcoholic beverage companies.
- Growth in Emerging Markets Tobacco Consumption: While developed markets are seeing a decline in tobacco consumption, emerging markets continue to exhibit growth, driven by increasing disposable incomes and changing lifestyles. This presents a growth opportunity for tobacco companies and, consequently, for VICEX. The emerging markets tobacco sector is expected to grow at a CAGR of 2% over the next five years. VICEX can capitalize on this trend by investing in tobacco companies with a strong presence in these markets.
- Innovation in Vice Industries: Companies within the vice industries are increasingly focusing on innovation to adapt to changing consumer preferences and regulatory environments. This includes the development of new products, such as reduced-risk tobacco products and innovative gaming platforms. These innovations can drive revenue growth and improve profitability for these companies, benefiting VICEX. By investing in companies that are at the forefront of innovation, VICEX can enhance its long-term growth potential.
What Are VICEX's Competitive Advantages?
- Specialized Focus: Unique investment strategy targeting vice industries.
- Concentrated Portfolio: High allocation to core vice sectors.
- Resilient Sectors: Investments in industries with historically stable demand.
What Does VICEX Do?
USA Mutuals Vice Fund Investor Class (VICEX) is an investment fund designed to achieve long-term capital growth by strategically investing in companies that generate significant revenue from what are commonly referred to as 'vice' industries. These industries include alcoholic beverages, defense/aerospace, gaming, and tobacco. The fund operates under the principle of allocating at least 80% of its net assets, inclusive of borrowings for investment purposes, into the equity securities of companies operating within these sectors. A core tenet of VICEX's investment strategy is to concentrate a minimum of 25% of its net assets across these four key vice industries, while ensuring that no single industry accounts for more than 80% of its total net assets. This concentration strategy aims to capitalize on the potential growth within these specific sectors while maintaining a degree of diversification. The fund's investment approach is tailored for investors seeking exposure to these niche markets, offering a focused investment vehicle within the broader asset management landscape. VICEX provides a unique investment opportunity by targeting sectors that, despite facing potential ethical concerns, have historically demonstrated resilience and consistent demand.
What Products and Services Does VICEX Offer?
- Invests in equity securities of companies in vice industries.
- Focuses on alcoholic beverages, defense/aerospace, gaming, and tobacco sectors.
- Allocates at least 80% of net assets to these sectors.
- Concentrates at least 25% of net assets in the four core vice industries.
- Seeks long-term capital growth.
- Manages investment portfolio to meet fund objectives.
How Does VICEX Make Money?
- Generates revenue through capital appreciation of invested assets.
- Focuses on companies deriving significant revenue from vice industries.
- Reinvests earnings to maximize long-term growth.
What Industry Does VICEX Operate In?
VICEX operates within the asset management industry, specifically targeting niche sectors like vice industries. The asset management industry is characterized by intense competition and evolving regulatory landscapes. Market trends indicate a growing interest in specialized investment funds that cater to specific sectors or investment themes. VICEX's focus on vice industries positions it uniquely within this landscape, potentially attracting investors seeking exposure to these historically resilient sectors. Competitors include funds with broader investment mandates, such as AUERX, DEBTX, HDSVX, ICCIX, and ICCNX, which may overlap in certain holdings but lack VICEX's concentrated focus.
Who Are VICEX's Key Customers?
- Individual investors seeking exposure to vice industries.
- Institutional investors looking for specialized investment funds.
- Investors with a high-risk tolerance seeking capital appreciation.
VICEX Financials
Bull Case vs Bear Case
Bull Case
- Specialized focus on vice industries.
- Potential for resilient performance during economic downturns.
- Concentrated portfolio for targeted growth.
- Lower volatility compared to broader market (beta of 0.72).
Bear Case
- Limited diversification due to concentrated focus.
- Exposure to regulatory risks specific to vice industries.
- Potential ethical concerns for some investors.
- Small market capitalization ($0.06 billion).
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · August 2026
VICEX Latest News
No recent news available for VICEX.
VICEX Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for VICEX.
Price Targets
Wall Street price target analysis for VICEX.
VICEX MoonshotScore
What does this score mean?
The MoonshotScore rates VICEX 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
What Investors Ask About USA Mutuals Vice Fund Investor Class (VICEX) — Financial Services
What does USA Mutuals Vice Fund Investor Class do?
USA Mutuals Vice Fund Investor Class (VICEX) is an investment fund that focuses on achieving long-term capital growth by investing in companies that derive a significant portion of their revenue from vice industries. These industries include alcoholic beverages, defense/aerospace, gaming, and tobacco.
What are the main risks for VICEX?
The primary risks for VICEX include regulatory changes impacting the vice industries, such as increased taxes or restrictions on advertising and sales. Shifting consumer preferences away from vice products, particularly among younger generations, could also negatively affect the fund's performance. Economic downturns could reduce consumer spending on discretionary items like gaming and alcoholic beverages.
What are the key factors to evaluate for VICEX?
Evaluate VICEX on fundamentals, analyst consensus, and risk factors. VICEX presents a focused investment strategy targeting the vice industries, which may offer resilience during economic downturns. Not financial advice.
How frequently does VICEX data refresh on this page?
VICEX's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven VICEX's recent stock price performance?
USA Mutuals Vice Fund Investor Class (VICEX) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Specialized focus on vice industries. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider VICEX overvalued or undervalued right now?
USA Mutuals Vice Fund Investor Class (VICEX) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
How do I research VICEX before investing?
Before investing in USA Mutuals Vice Fund Investor Class (VICEX), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) analyst consensus ratings and price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding VICEX to a portfolio?
Key strength of USA Mutuals Vice Fund Investor Class (VICEX): Specialized focus on vice industries. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for VICEX. Information is based on available data and may be subject to change.