Defensive Mutual Fund Idea

“It is the Advisor's philosophy that although often considered politically incorrect, these and similar industries and products...will continue to experience significant capital appreciation during good and bad markets. The Advisor considers these industries to be nearly ‘recession-proof.’” - Vice Fund Prospectus, July 29, 2005, page 2.

Now naturally that is a bit optimistic, but I really like this fund in this current market.

http://www.vicefund.com/

Ticker: VICEX

The fund is up 5% this year, 5% for the last year, and 20% for 3 years. Morningstar rates it a 4 star fund, mainly due to its relative newness.

The one thing this fund has going against it is the roughly 2.0% expense ratio. That is much, much higher than I personally would pay for a mutual fund, unless its returns can compensate you better than an alternative fund. That is up to you to determine...to each his own.

I just thought I should bring this to your attention so that you can hopefully make some money out there.