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| Lipper
Rankings as of 4/30/08 based on total fund
returns |
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1
Year Lipper Quintile Ranking: 1
Lipper Percentile Ranking:
9%
Multi-Cap Core Category Rank:
(71st out of 863 funds)
3 Year Lipper Quintile Ranking: 1
Lipper Percentile Ranking: 7%
Multi-Cap Core Category Rank:
(47th out of 680 funds)
5 Year Lipper Quintile Ranking: 1
Lipper Percentile Ranking: 3%
Multi-Cap Core Category Rank:
(10th out of 498 funds) |
Past
performance is no guarantee of future
results. Lipper Inc is a nationally
recognized, independent mutal fund
research and rating service. Each
Lipper average represents a universe
of funds with similar investment objectives.
Ranking for the periods show are based
on fund total returns with dividends
and distributions reinvested. |
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| Monthly
Fund Returns as of 4/30/08 |
|
| +0.63%
| 1
Month |
| -3.63%
|
3 Months |
| -13.44% |
6 Months |
| +0.75% |
9 Months |
| +3.03% |
1 Year |
| +13.07% |
3 Year (Average Annual) |
| +19.13% |
5
Year (Average Annual |
| +15.04% |
Since
Inception (8/30/02) |
| Performance
data quoted represents past performance
and does not guarantee future results.
The investment return and principal
value of an investment will fluctuate
so that an investor's shares, when redeemed,
may be worth more or less than their
original cost. Current performance of
the fund may be lower or higher than
the performance quoted. The fund imposes
a 1.00% redemption fee on shares held
less than 60 days. Performance does
not reflect redemption fee. Had the
fee been included, returns would be
lower. |
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| TOP |
| Quarterly
Fund Returns as of 3/31/08 |
|
| -9.30% |
3
Months |
| -11.22% |
6
Months |
| -1.10% |
9 Months |
| +4.44% |
1
Year |
| +12.34% |
3 Year (Average Annual) |
| +20.96% |
5
Year (Average Annual) |
| +15.15% |
Since
Inception (8/30/02) |
| |
Amended
Annual Report
March 31, 2007 |
| Performance
data quoted represents past performance
and does not guarantee future results.
The investment return and principal
value of an investment will fluctuate
so that an investor's shares, when redeemed,
may be worth more or less than their
original cost. Current performance of
the fund may be lower or higher than
the performance quoted. The fund imposes
a 1.00% redemption fee on shares held
less than 60 days. Performance does
not reflect redemption fee. Had the
fee been included, returns would be
lower. |
|
|
| Expense
Ratios |
|
| 1.75% |
Net Expense Ratio |
| 1.90% |
Gross Expense Ratio |
| |
The
Advisory has a contractual agreement
in place through July 31, 2017 to waive
expenses over 1.75%. |
|
Fund performance data presented
on this page is net of the expense ratio.
Investment performance reflects fee
waivers in effect. In the absence of
such waivers, total return would be
reduced. |
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|
| TOP |
| Top
10 Fund Holdings as of 4/30/08 |
|
|
7.90% |
PHILIP
MORRIS INTL INC |
| 6.16% |
LOEWS CORP |
| 5.89% |
DIAGO P L C |
| 5.33%
|
BRITISH
AMERN TOB PLC |
| 5.16% |
BOEING
CO |
| 4.90%
|
INTERNATIONAL
GAME TECH |
| 4.52% |
LOCKHEED
MARTIN CORP |
| 4.35% |
RAYTHEON
CO |
| 4.31% |
ALTRIA GROUP INC |
| 4.31% |
PERNOD
RICARD |
| 4.25% |
WYNN
RESORTS LTD |
| |
Complete
Fund Holdings as of 4/30/08 |
| Fund
holdings are subject to change and are
not recommendations to buy or sell any
security. |
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|
| TOP
|
The Vice Fund
Minimum Investment:$4,000.
Minimun Additional: $100.
Sales Load: NONE
Inception Date: 8/30/2002
Ticker Symbol: VICEX
Objective: Long-term growth of capital.
Advisor: Mutuals Advisors, Inc |
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While the fund is no load, management and distrubution
fees and other expenses still apply. Please refer to the prospectus
for details.
Mutual fund investing involves risk; principal loss is
possible.The Fund is nondiversifed, meaning it may concentrate its
assets in fewer individual holdings than a diversifed fund. Therefore,
the Fund is more exposed to individual stock volatility than a diversified
fund. The Fund invests in foreign securities which involve greater
volatility and political, economic and currency risks and differences
in accounting methods. The Fund invests in smaller companies, which
involve additional risks such as limited liquidity and greater volatility.
The USA Mutuals Vice Fund is distributed by Quasar
Distributors, LLC.
© 2007 VICE FUND • Dallas, Texas
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