, advisor of the Vice Fund, has issued a release noting that one-, three- and five-year performance studies of so-called "sin stock" industries – which include alcohol, gaming, tobacco and defense industries – have beaten the S&P 500. But the fund itself, just shy of a year old, has trailed the S&P 500. The Vice Fund is up 10.7% since the beginning of the year through July 22 and 4% since its launch last Aug. 30, whereas the S&P 500 is up 13% year to date and 8% since Aug. 30.

Although the Vice Fund itself has yet to celebrate its first-year anniversary, notes that over the past three years through June, the S&P 500 was negative 33.01%. On the other hand, gaming and casino stocks gained 68.36%, alcohol issued gained 32.05%, and the aerospace/defense sector rose 22.71%.

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