For those investors sick of the sanctimonious “ethical” mutual funds, a new U.S. fund touts itself as the first “socially irresponsible” mutual fund.

The Vice Fund, begins its first day of operations today. It is the first and only open-end mutual fund to invest primarily in so-called “socially irresponsible” stocks of the Alcohol, Gambling, Tobacco, and Defense industries.

Eric McDonald, co-portfolio manager at the fund said, “We’ve heard for years to invest in what you know and understand. From the feedback we’ve had so far, a lot of people seem to understand drinking, smoking, and gambling. And don’t forget cruise missiles.”

In the prospectus, the advisor claims that these industries will always be supported and that companies in these industries, if managed correctly, will continue to experience significant capital appreciation during good and bad markets. The advisor, mutuals.com, considers these industries to be nearly “recession-proof.”