AdvisorShares Vice ETF (VICE)

The investment objective is not provided in the context.

The fund invests at least 80% of its net assets in securities of companies that derive at least 50% of their net revenue from tobacco and alcoholic beverages, the food and beverage industry, or gaming activities. The fund invests primarily in U.S. exchange-listed equity securities, including common and preferred stock and American Depositary Receipts (ADRs). The investment strategy typically identifies a wide variety of large- and mid-capitalization stocks, as well as numerous small- and micro-cap stocks. The fund concentrates at least 25% of its investments in the food, beverage & tobacco industry group within the consumer staples sector. The advisor may use a variety of methods for security selection and will seek to focus on firms that are fundamentally sound and have shown consistency in their financial results and earnings quality. The fund may sell a security when the advisor believes that the security is overvalued or better investment opportunities are available, or to limit position size within the fund's portfolio. The fund's strategy may frequently involve buying and selling securities, which may lead to relatively high portfolio turnover.