VICE

The AdvisorShares Vice ETF (VICE) is an exchange-traded fund designed to provide exposure to companies associated with industries traditionally classified as “vice sectors,” including alcohol, gaming, tobacco, and cannabis. The ETF is managed by AdvisorShares and trades under the ticker VICE on the NYSE Arca.

Classified as a thematic actively managed equity ETF, the fund seeks to invest in global companies tied to consumer segments historically associated with resilient demand across different economic environments.

The ETF follows an active strategy and does not track a traditional passive benchmark index. Portfolio construction is based on the selection of companies associated with industries such as alcoholic beverages, gambling, adult entertainment, tobacco, cannabis, and other businesses linked to discretionary consumption and vice-related sectors.

Diversification and sector exposure

VICE provides exposure primarily associated with:

• Alcoholic beverages.
• Gaming and betting.
• Casinos.
• Tobacco.
• Cannabis.
• Adult entertainment.
• Global consumer discretionary industries.
• International vice-sector companies.

The ETF’s performance is particularly sensitive to global economic conditions, consumer behavior, and regulatory changes affecting gambling, cannabis, and tobacco industries.

Macroeconomic fluctuations, taxation-policy changes, and legislative developments involving gaming and cannabis may directly affect the fund’s behavior. The ETF may also reflect trends associated with digital sports betting and evolving global consumption patterns.

Structure and costs

VICE shares trade on the secondary market on the NYSE Arca during regular trading hours. Share creation and redemption occur through authorized participants, a mechanism intended to help align the ETF’s market price with its net asset value (NAV).

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. VICE may distribute income derived from dividends paid by companies held within the portfolio.

Because the ETF maintains concentrated thematic exposure to specific consumer industries, its performance may exhibit elevated sensitivity to regulatory, reputational, and economic developments affecting global vice sectors.

History and evolution of the ETF

The AdvisorShares Vice ETF was launched in 2017 during a period marked by the expansion of thematic ETFs and increasing market interest in strategies focused on specialized global consumer segments.

Since inception, the fund has reflected movements associated with alcohol, gaming, tobacco, and cannabis companies, including regulatory changes, shifts in global consumption patterns, and fluctuations across international equity markets.

In recent years, VICE has reflected the expansion of digital sports betting, regulatory developments involving cannabis across multiple markets, and evolving consumer trends associated with entertainment and discretionary spending globally.

Additional Information

AdvisorShares Vice ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $7.20 Millions.

Over the past 12 months, AdvisorShares Vice ETF recorded a return of -3.02%, with its price trading between $31.08 and $36.10 during the same period.

The ETF is traded under the ticker VICE.