Generation Wave Growth Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of Generation Wave Growth Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Mutual fund investing involves risk; principal loss is possible. Because the Fund is a "fund of funds", your cost of investing in the Fund will generally be higher than the cost of investing directly in the shares of the mutual funds in which it invests.  By investing in the Fund, you will indirectly bear your share of any fees and expenses charged by the underlying funds, in addition to indirectly bearing the principal risks of those funds.  Please refer to the prospectus for more information about the Fund, including risks, fees and expenses.  The Fund also invests in ETFs.  They are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact the Fund's ability to sell its shares.  The Fund may also invest in foreign securities.  Investments in foreign securities involve greater volatility and political, economic, and currency risks and differences in accounting methods.

While the fund is no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.

The USA Mutuals Generation Wave Growth Fund is distributed by Quasar Distributors, LLC. © 2008 Generation Wave Growth Fund •Dallas, Texas