AdvisorShares Vice ETF (NYSE Arca: VICE) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in global companies engaged in vice industries, including alcohol, tobacco, gaming, food and beverage, restaurants, hospitality, and related leisure activities; the fund provides diversified exposure across these sectors through equity securities of select issuers such as Altria Group Inc., Philip Morris International Inc., British American Tobacco PLC, Monster Beverage Corp., Boyd Gaming Corp., and Monarch Casino & Resort Inc., among others listed in its portfolio. VICE offers intraday liquidity, operational efficiency, and tax advantages typical of a fully transparent ETF structure, with a net expense ratio of 0.99% following fee waivers; it is managed by Dan Ahrens, a portfolio manager with expertise in regulated industries, and targets recession-resistant demand driven by consumer habits, high profit margins, brand loyalty, and emerging trends like online gaming, sports betting, and e-sports. Launched on December 11, 2017, as part of AdvisorShares Investments LLC—a Bethesda, Maryland-based firm founded in 2006 that sponsors multiple thematic and equity ETFs—the fund operates primarily in U.S. markets but invests globally in multinational companies deriving revenue from domestic and international sources.
In recent developments, AdvisorShares issued year-end distribution estimates for its ETFs including VICE on December 16, 2025, alongside quarterly distributions in September, June, and March 2025; the firm also launched the HVAC and Industrials ETF (ticker: HVAC) in February 2025 and announced reverse splits for certain ETFs in November 2024 and August 2024 to maintain share price viability. VICE itself traces its roots to the former AdvisorShares Vice ETF (previously ticker: ACT), which underwent a name change and ticker update in October 2020 to better reflect its focus on vice-themed investments. These changes align with AdvisorShares' ongoing strategy to adapt its thematic ETF lineup amid evolving market conditions and regulatory shifts in vice-related sectors.