U.S. flag An official website of the United States government
  1. Home
  2. About FDA
  3. Jobs and Training at FDA
  4. Ethics
  5. Listing of Prohibited Investment Funds
  1. Ethics

Listing of Prohibited Investment Funds

PROHIBITED INVESTMENT FUNDS

FDA employees are prohibited from holding interests in certain investment funds that have a stated policy or practice of investing in companies that are SROs. The most commonly encountered examples of such funds are mutual funds or ETFs that invest in a range of sectors, including but not limited to:

  • Healthcare sector funds
  • Medical device sector funds
  • Consumer staples funds
  • Biotechnology funds

This restriction also applies to prohibited funds held by the employee’s spouse or minor children.

How often is the list of Prohibited Investment Funds updated?

FDA will send an agency-wide notice of updates on a monthly basis.

How do I search the list of Prohibited Investment Funds?

Enter the mutual fund name in the search field to search the list, which will provide you the mutual fund name and ticker symbol if there is a match.  Please note that FDA has determined your fund to be prohibited, even if the class of shares that you own, and hence ticker symbol, are different from the fund on the prohibited funds list.

The Prohibited Funds List only includes publicly traded mutual funds traded on a U.S. stock exchange or publicly available through a variable life insurance policy.  Please remember to contact FDA Ethics Advice Hotline at (240) 402-1111 or email FDAEthics_Advice@fda.hhs.gov if you own a privately-held investment fund (e.g., hedge fund, venture capital fund, private equity fund) or own a mutual fund that trades on a foreign stock exchange.

 

 

Mutual Fund Name Ticker(s) Date Added
Advisorshares Vice ETF ACT 6/22/2020
Advisorshares Pure Cannabis ETF YOLO 6/22/2020
Advisorshares Pure US Cannabis ETF MSOS 3/10/2021
Alger Health Sciences Fund AHSAX; AHSCX; AHSZX 1/1/2017
AllianzGI Health Sciences Fund RAGHX; RCGHX; HLHIX 1/1/2017
ALPS Medical Breakthroughs ETF SBIO 1/1/2017
American Growth Fund Series Two Class E AMREX 5/15/2020
Amplify Seymour Cannabis ETF CNBS 7/15/2020
ARK Genomic Revolution ETF ARKG 1/1/2017
ARK Innovation ETF ARKK 1/1/2017
Baron Health Care Fund BHCFX; BHCHX; BHCUX 1/1/2017
BlackRock Health Sciences Opportunities Portfolio SHSAX; BHSRX; SHSSX; SHSCX; SHISX; SHSKX 1/1/2017
Blackrock Health Sciences Trust BME 1/1/2017
Blackrock Future Health ETF BMED 4/22/2021
Consumer Staples Select Sect. SPDR (ETF) XLP 1/1/2017
Defiance Nasdaq Junior Biotechnology ETF IBBJ 4/22/2021
Delaware Healthcare Fund DLHAX; LHIX; DLHCX; DLRHX 1/1/2017
DWS Health and Wellness Fund SCHLX; SUHAX; SUHIX; SUHCX 1/1/2017
Direxion Daily Consumer Staples Bear 3X Shares LACK 1/1/2017
Direxion Daily Consumer Staples Bull 3X Shares NEED 1/1/2017
Direxion Daily Healthcare Bull 3X Shares CURE 1/1/2017
Direxion Daily Pharmaceuticals & Medical Bull 3X Shares ETF PILL 4/22/2021
Direxion Daily S&P Biotech Bull and Bear 3X Shares LABU; LABD 1/1/2017
Eaton Vance Worldwide Health Sciences Fund ETHSX; ERHSX; ECHSX; EIHSX 1/1/2017
ETFMG Alternative Harvest ETF MJ 1/1/2017
ETFMG Treatments Testing and Advancements ETF GERM 4/22/2021
ETRACS CMCI Food Total Return ETN FUD 10/21/2020
Eventide Healthcare & Life Sciences Fund ETNHX; ETAHX; ETCHX; ETIHX 1/1/2017
Fidelity Advisor Biotechnology Fund FBTAX; FBTCX; FBTIX; FBTTX; FBTBX; FIJYX 1/1/2017
Fidelity Advisor Consumer Staples Fund FDAGX; FDIGX; FDCGX; FDTGX; FDBGX; FIJCX 1/1/2017
Fidelity Advisor Health Care Fund FACDX; FHCIX; FHCCX; FACTX; FIKCX 1/1/2017
Fidelity Disruptive Medicine Fund FMEDX 8/11/2020
Fidelity MSCI Consumer Staples Index ETF FSTA 1/1/2017
Fidelity MSCI Health Care Index ETF FHLC 1/1/2017
Fidelity Select Biotechnology Portfolio FBIOX 1/1/2017
Fidelity Select Consumer Staples Portfolio FDFAX 1/1/2017
Fidelity Select Health Care Portfolio FSPHX 1/1/2017
Fidelity Select Medical Technology and Devices Portfolio FSMEX 1/1/2017
Fidelity Select Pharmaceuticals Portfolio FPHAX 1/1/2017
First Trust Alternative Absolute Return Strategy ETF FAAR 3/10/2021
First Trust Consumer Staples AlphaDex Fund FXG 1/1/2017
First Trust Health Care AlphaDEX Fund FXH 1/1/2017
First Trust Indxx Global Agriculture ETF FTAG 1/1/2017
First Trust Nasdaq Food & Beverage ETF  FTXG 1/1/2017
First Trust Nasdaq Phamaceuticals ETF FTXH 4/22/2021
First Trust NYSE Arca Biotchnlgy Indx Fd FBT 1/1/2017
Franklin Biotechnology Discovery Fund FBDIX; FTDZX; FRBRX 1/1/2017
Franklin Genomic Advancements ETF HELX 4/22/2021
Global X Cannabis ETF POTX 7/15/2020
Global X China Biotech Innovations ETF CHB 4/22/2021
Global X Genomics & Biotechnology ETF GNOM 2/5/2021
Global X Health Wellness Thermatic ETF BFIT 5/15/2020
Global X Aging Population ETF LNGR 4/22/2021
Global X MSCI China Health Care ETF CHIH 1/1/2017
Global X Telemedicine & Digital Health ETF EDOC 4/22/2021
Invesco S&P 500 Equal Weight Health Care ETF RYH 1/1/2017
Hartford Healthcare HLS Fund HIAHX; HBGHX 1/1/2017
The Health Care Select Sector SPDR Fund XLV 1/1/2017
Hercules Capital, Inc. HTGC 4/22/2021
ICON Consumer Staples Fund ICRAX; ICLEX 1/1/2017
ICON Healthcare Fund ICHCX; ICHAX 1/1/2017
Invesco DB Agriculture Fund DBA 3/4/2020
Invesco Health Care Fund GGHCX; GTHIX; GTHCX; GGHYX 1/1/2017
Invesco S&P 500 Equal Weight Consumer Staples ETF RHS 3/4/2020
Invesco S&P SmallCap Consumer Staples ETF PSCC 4/22/2021
iPath Dow Jones-UBS Cocoa ETN NIB 10/21/2020
iPath Series B Bloomberg Agriculture Subindex Total Return ETN JJA 10/21/2020
iPath Series B Bloomberg Coffee Subindex Total Return ETN JO 9/10/2020
iPath Series B Bloomberg Cotton Subindex Total ReturnSM ETN BAL 1/1/2017
iPath® Series B Bloomberg Grains Subindex Total ReturnSM ETN JJG 9/10/2020
iPath® Series B Bloomberg Sugar Subindex Total Return SM ETN SGG 9/10/2020
IQ Healthlly Hearts ETF HART 4/22/2021
iPath Series B Bloomberg Softs Subindex Total Return ETN JJS 9/10/2020
iShares U.S. Pharmaceuticals (ETF) IHE 1/1/2017
iShares U.S. Consumer Goods (ETF) IYK 1/1/2017
iShares Dow Jones US Health Care Providers (ETF) IHF 1/1/2017
iShares Evolved U.S. Consumer Staples ETF IECS 1/1/2017
iShares Evolved U.S. Healthcare Staples ETF IEHS 1/1/2017
iShares Evolved U.S. Innovative Healthcare ETF IEIH 1/1/2017
IShares Genomics Immunology and Healthcare ETF IDNA 2/5/2021
iShares MSCI Global Agriculture Producers ETF VEGI 1/1/2017
iShares NASDAQ Biotechnology (ETF) IBB 1/1/2017
iShares Global Consumer Staples (ETF) KXI 1/1/2017
iShares Global Healthcare (ETF) IXJ 1/1/2017
iShares US Healthcare (ETF) IYH 1/1/2017
iShares US Medical Devices (ETF) IHI 1/1/2017
Janus Henderson Global Life Sciences Fund JFNAX; JAGLX; JNGLX; JFNIX; JFNCX 1/1/2017
JHancock Multifactor Health Care ETF JHMH; JHML; JHMM; JHSC; JHMD; JHEM 1/1/2017
JNL/Mellon Capital Healthcare Sector FVUSA000Y4 3/4/2020
John Hancock Multifactor Healthcare ETF JHMS 1/1/2017
John Hancock Variable Insurance Trust Health Sciences Trust JEHSX 1/1/2017
Kinetics Medical Fund MEDRX; KRXAX; KRXCX 1/1/2017
KraneShares Emerging Market Healthcare Index ETF KMED 4/22/2021
KraneShares MSCI All China Health Care Index ETF KURE 1/1/2017
Live Oak Health Sciences Fund LOGSX 1/1/2017
Loncar Cancer Immunotherapy ETF CNCR 2/5/2021
Loncar China Biopharma ETF CHNA 8/11/2020
Lord Abbett Health Care Fund LHCAX 1/1/2017
Manning & Napier Life Sciences Fund EXLSX 1/1/2017
VanEck Vectors Biotech ETF BBH 1/1/2017
VanEck Vectors Pharmaceutical ETF PPH 1/1/2017
Microsectors Cannabis ETN MJJ 4/22/2021
MicroSectors Cannabis 2X Leveraged ETN MJO 4/22/2021
MLCX Grains ETN GRU 10/21/2020
Invesco Dynamic Biotechnology & Genome ETF PBE 1/1/2017
Invesco Dynamic Food & Beverage ETF PBJ 1/1/2017
Invesco DWA Healthcare Momentum ETF   PTH 1/1/2017
PowerShares Dynamic Pharmaceuticals(ETF) PJP 1/1/2017
Invesco S&P SmallCap HealthCare ETF PSCH 1/1/2017
Principal Healthcare Innovators Index ETF BTEC 2/5/2021
ProFunds Biotechnology UltraSector Fund BIPIX; BIPSX 1/1/2017
ProFunds Consumer Goods Ultra Sector Fund CNPIX; CNPSX 1/1/2017
ProFunds Pharmaceuticals UltraSector Fund PHPIX; PHPSX 1/1/2017
ProFunds UltraSector Health Care Fund Investor Class HCPIX, HCPSX 1/1/2017
ProShares Ultra Consumer Goods UGE 1/1/2017
ProShares Ultra Health Care RXL 1/1/2017
ProShares Ultra Nasdaq Biotechnology BIB 1/1/2017
ProShares Ultra Short Consumer Goods SZK 1/1/2017
ProShares UltraShort Health Care RXD 1/1/2017
ProShares UltraShort Nasdaq Biotech BIS 1/1/2017
Prudential PGIM Jennison Health Sciences Fund PHLAX; PHSZX; PHLCX; PHLBX; PHLQX;PJHRX 1/1/2017
Putnam Global Health Care Fund PHSTX; PHSBX; PCHSX; PHSRX; PHSYX; PHLMX;PGHAX 1/1/2017
RICI-Agriculture ENT RJA 3/10/2021
Rydex Biotechnology Fund RYOIX; RYBOX; RYOAX; RYCFX 1/1/2017
Rydex Consumer Products Fund RYCIX; RYPDX; RYCAX; RYCPX 1/1/2017
Rydex Health Care Fund RYHIX; RYHEX; RYHAX; RYHCX 1/1/2017
Saratoga Health & Biotechnology Portfolio Fund SBHIX; SHPAX; SHPCX 1/1/2017
Schwab Health Care Fund SWHFX 1/1/2017
SPDR S&P Biotech (ETF) XBI 1/1/2017
SPDR S&P Health Care Equipment ETF XHE 1/1/2017
SPDR S&P Health Care Services ETF XHS 4/22/2021
SPDR S&P Pharmaceuticals (ETF) XPH 1/1/2017
T Rowe Price Health Sciences Fund PRHSX, THISX 1/1/2017
Tekla Healthcare Investors HQH 1/1/2017
Tekla Healthcare Opportunities Fund THQ 1/1/2017
Tekla Life Sciences Investors HQL 1/1/2017
Tekla World Healthcare Fund THW 1/1/2017
Teucrium Agricultural Fund TAGS 7/15/2020
Teucrium Corn Fund CORN 7/15/2020
Teucrium Soybean SOYB 7/15/2020
Teucrium Sugar CANE 7/15/2020
Teucrium Wheat WEAT 7/15/2020
The 3D Printing ETF PRNT 3/4/2020
The Cannabis ETF THCX 7/15/2020
The Hartford Healthcare Fund HGHAX; HGHCX; HGHSX; HGHIX; HGHRX; HGHTX; HGHYX; HGHVX; HGHFX 1/1/2017
USA Mutuals Vitium Global Fund VICEX; VICAX; VICCX; VICVX 1/1/2017
VALIC Company I Health Sciences Fund VCHSX 1/1/2017
VANECK VECTORS AGRIBUSINESS ETF MOO 1/1/2017
Vanguard Consumer Staples ETF VDC 1/1/2017
Vanguard Consumer Staples Index Fund VCSAX 1/1/2017
Vanguard Health Care ETF VHT 1/1/2017
Vanguard Health Care Fund VGHCX 1/1/2017
Vanguard Health Care Fund Admiral Shares VHCIX; VGHAX 1/1/2017
Virtus LifeSci Biotech Clincial Trials ETF BBC 1/1/2017
Virtus LifeSci Biotech Products ETF BBP 1/1/2017
Wisdom Tree Managed Futures Strategy Fund WTMF 3/10/2021

 

 

Back to Top