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  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)
Advisorshares Vice ETF ACT
Advisorshares Pure Cannabis ETF YOLO
Alger Health Sciences Fund AHSAX; AHSCX; AHSZX
AllianzGI Health Sciences Fund RAGHX; RCGHX; HLHIX
ALPS Medical Breakthroughs ETF SBIO
American Growth Fund Series Two Class E AMREX
Amplify Seymour Cannabis ETF CNBS
ARK Genomic Revolution ETF ARKG
ARK Innovation ETF ARKK
Baron Health Care Fund BHCFX; BHCHX; BHCUX
BlackRock Health Sciences Opportunities Portfolio SHSAX; BHSRX; SHSSX; SHSCX; SHISX; SHSKX
Blackrock Health Sciences Trust BME
Consumer Staples Select Sect. SPDR (ETF) XLP
Delaware Healthcare Fund DLHAX; LHIX; DLHCX; DLRHX
DWS Health and Wellness Fund SCHLX; SUHAX; SUHIX; SUHCX
Direxion Daily Consumer Staples Bear 3X Shares LACK
Direxion Daily Consumer Staples Bull 3X Shares NEED
Direxion Daily Healthcare Bull 3X Shares CURE
Direxion Daily S&P Biotech Bull and Bear 3X Shares LABU; LABD
Eaton Vance Worldwide Health Sciences Fund ETHSX; ERHSX; ECHSX; EIHSX
ETFMG Alternative Harvest ETF MJ
Eventide Healthcare & Life Sciences Fund ETNHX; ETAHX; ETCHX; ETIHX
Fidelity Advisor Biotechnology Fund FBTAX; FBTCX; FBTIX; FBTTX; FBTBX; FIJYX
Fidelity Advisor Consumer Staples Fund FDAGX; FDIGX; FDCGX; FDTGX; FDBGX; FIJCX
Fidelity Advisor Health Care Fund FACDX; FHCIX; FHCCX; FACTX; FIKCX
Fidelity Disruptive Medicine Fund FMEDX
Fidelity MSCI Consumer Staples Index ETF FSTA
Fidelity MSCI Health Care Index ETF FHLC
Fidelity Select Biotechnology Portfolio FBIOX
Fidelity Select Consumer Staples Portfolio FDFAX
Fidelity Select Health Care Portfolio FSPHX
Fidelity Select Medical Technology and Devices Portfolio FSMEX
Fidelity Select Pharmaceuticals Portfolio FPHAX
First Trust Consumer Staples AlphaDex Fund FXG
First Trust Health Care AlphaDEX Fund FXH
First Trust Indxx Global Agriculture ETF FTAG
First Trust Nasdaq Food & Beverage ETF  FTXG
First Trust NYSE Arca Biotchnlgy Indx Fd FBT
Franklin Biotechnology Discovery Fund FBDIX; FTDZX; FRBRX; FBTDX
Global X Cannabis ETF POTX
Global X Health Wellness Thermatic ETF BFIT
Global X MSCI China Health Care ETF CHIH
Invesco S&P 500 Equal Weight Health Care ETF RYH
Hartford Healthcare HLS Fund HIAHX; HBGHX
Health Care SPDR (ETF) XLV
ICON Consumer Staples Fund ICRAX; ICLEX; ICLCX
ICON Healthcare Fund ICHCX; ICHAX; ICHEX
Invesco DB Agriculture Fund DBA
Invesco Health Care Fund GGHCX; GTHIX; GTHCX; GGHYX
Invesco S&P 500 Equal Weight Consumer Staples ETF RHS
iPath Series B Bloomberg Coffee Subindex Total Return ETN JO
iPath® Series B Bloomberg Grains Subindex Total ReturnSM ETN JJG
iPath® Series B Bloomberg Sugar Subindex Total Return SM ETN SGG
iPath Series B Bloomberg Softs Subindex Total Return ETN JJS
iShares Dow Johnes US Pharm Indx (ETF) IHE
iShares Dow Jones US Consumer Goods (ETF) IYK
iShares Dow Jones US Health Care Providers (ETF) IHF
iShares Evolved U.S. Consumer Staples ETF IECS
iShares Evolved U.S. Healthcare Staples ETF IEHS
iShares Evolved U.S. Innovative Healthcare ETF IEIH
iShares MSCI Global Agriculture Producers ETF VEGI
iShares NASDAQ Biotechnology Index (ETF) IBB
iShares S&P Global Consumer Staple(ETF) KXI
iShares S&P Global Healthcare Sect.(ETF) IXJ
iShares US Healthcare (ETF) IYH
iShares US Medical Devices (ETF) IHI
Janus Global Life Sciences Fund JFNAX; JAGLX; JNGLX; JFNIX; JFNCX; JFNSC
JHancock Multifactor Health Care ETF JHMH; JHML; JHMM; JHSC; JHMD; JHEM
JNL/Mellon Capital Healthcare Sector FVUSA000Y4
John Hancock Multifactor Consumer Staples ETF JHMS
John Hancock Variable Insurance Trust Health Sciences Trust JEHSX
Kinetics Medical Fund MEDRX; KRXAX; KRXCX
KraneShares MSCI All China Health Care Index ETF KURE
Live Oak Health Sciences Fund LOGSX
Loncar China Biopharma ETF CHNA
Lord Abbett Health Care Securities Trust LHCAX
Manning & Napier Life Sciences Fund EXLXS
Market Vectors Biotech ETF BBH
Market Vectors Pharmaceutical ETF PPH
PowerShares Dynamic Biotech &Genome(ETF) PBE
Powershares Dynamic Food & Beverage Portfolio (ETF) PBJ
PowerShares Dynamic Heathcare Sec (ETF) PTH
PowerShares Dynamic Pharmaceuticals(ETF) PJP
PowerShares S&P SmallCap Hlth Cr Ptflo PSCH
ProFunds Biotechnology UltraSector Fund BIPIX; BIPSX
ProFunds Consumer Goods Ultra Sector Fund CNPIX; CNPSX
ProFunds Pharmaceuticals UltraSector Fund PHPIX; PHPSX
ProFunds UltraSector Health Care Fund Investor Class HCPIX, HCPSX
ProShares Ultra Consumer Goods UGE
ProShares Ultra Health Care RXL
ProShares Ultra Nasdaq Biotechnology ETF BIB
ProShares Ultra Short Consumer Goods SZK
Proshares UltraPro NASDAQ Biotechnology UBIO
ProShares UltraPro Short NASDAQ Biotechnology ZBIO
ProShares UltraShort Health Care RXD
ProShares UltraShort Nasdaq Biotech BIS
Prudential Jennison Health Sciences Fund PHLAX; PHSZX; PHLCX; PHLBX
Putnam Global Health Care Fund PHSTX; PHSBX; PCHSX; PHSRX; PHSYX; PHLMX
Renaissance Global Healthcare ATL1161
Rydex Basic Biotechnology Fund RYOIX; RYBOX; RYOAX; RYCFX
Rydex Basic Consumer Products Fund RYCIX; RYPDX; RYCAX; RYCPX
Rydex Health Care Fund RYHIX; RYHEX; RYHAX; RYHCX
Saratoga Health & Biotechnology Portfolio Fund SBHIX; SHPAX; SHPCX; SHPBX
Schwab Health Care Fund SWHFX
SPDR S&P Biotech (ETF) XBI
SPDR S&P Health Care Equipment ETF XHE
SPDR S&P International HealthCareSe(ETF) IRY
SPDR S&P Pharmaceuticals (ETF) XPH
T Rowe Price Health Sciences Fund PRHSX, THISX
Tekla Healthcare Investors HQH
Tekla Healthcare Opportunity Fund THQ
Tekla Life Sciences Investors HQL
Tekla World Healthcare Fund THW
Teucrium Agricultural Fund TAGS
Teucrium Corn Fund CORN
Teucrium Soybean SOYB
Teucrium Sugar CANE
Teucrium Wheat WEAT
The 3D Printing ETF PRNT
The Cannabis ETF THCX
The Hartford Healthcare Fund HGHAX; HGHCX; HGHSX; HGHIX; HGHRX; HGHTX; HGHYX; HGHBX
Turner Medical Sciences Long/Short Fund TMSFX; TMSEX; TMSCX
USA Mutuals Barrier Fund VICEX; VICAX; VICCX; VICVX
VALIC Company I Health Sciences Fund VCHSX
VANECK VECTORS AGRIBUSINESS ETF MOO
Vanguard Consumer Staples ETF VDC
Vanguard Consumer Staples Index Fund VCSAX
Vanguard Health Care ETF VHT
Vanguard Health Care Fund VGHCX; VGHAZ; VHCIX, VGHAX
Virtus LifeSci Biotech Clincial Trials EFT BBC
Virtus LifeSci Biotech Products EFT BBP
VY BlackRock Health Sciences Opportunities Portfolio IEHSX; IEHIX; IEHAX
Wells Fargo Advantage Health Care

EHCYX; EHABX; EHCCX; EHCBX

 

 

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