The aptly named Vice Fund ( VICEX) is proof of that. Although it is down 2.6% this month, it is up 10.4% this year which puts it in the top 1% of top-performing funds of the 1,970 funds in the large-blend stock fund category for that period. It also has a five-year average annualized return of 3.3%. The fund's 30-stock portfolio is 57% consumer-defensive stocks, compared to 12% for its category average. The next-largest allocation is to industrials, at 25% of the fund, about double its category average, and consumer cyclical, a 14% weighting, versus the 8% average of other funds in its category. The Vice Fund's top-five picks are: cigarette makers Philip Morris International ( PM) at 12.7% of the fund; Lorillard ( LO), 10%; Altria ( MO), 6%; and adult-beverage makers Carlsberg ( AS), at 6.3%, and Diageo ( DEO), 4.1%. The industrial weighting includes a handful of defense-industry stocks, including: Northrop Grumman ( NOC), General Dynamics ( GD) and Raytheon ( RTN). For those with no moral qualms about what they invest in, booze and butts do well in any investing environment.