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April 2008
We are Betting on More Macau Upside
Charles L. Norton, CFA

February 2008
Aerospace Could Fly
Charles L. Norton, CFA

February 2008
Examining Vice Fund’s Defense – Sector Outlook
Charles L. Norton, CFA

2/1/2008
The fund Route to Sin Stocks
Kiplinger's Personal Finance

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VICE is Nice
Squawk on the Street

The Vice Fund invests in companies, both domestic and foreign, engaged in the
aerospace and defense industries, owners and operators of casinos and gaming facilities, manufacturers of gaming equipment such as slot machines, manufacturers of cigarettes and other tobacco products, and brewers, distillers,
vintners and producers of other alcoholic beverages.

We believe that there are numerous investment opportunities in these sectors which have been largely overlooked by other funds. While many of the most widely held and well-known mutual fund families invest in companies doing business in these sectors, NO OTHER FUND CONCENTRATES SOLELY ON THESE FOUR SECTORS.

Our rigorous focus on aerospace/defense, gaming, tobacco and alcoholic beverages - along with our vast experience navigating within them - provides our investors with maximum exposure to these sectors.

VICE FUND FACT SHEET FREQUENTLY ASKED QUESTIONS
Contact US Brochure
VICEX NAV
21.30 on 05/15/08
The Vice Fund shares can be purchased through authorized broker-dealers. You can open and fund an account at any of these authorized firms and then purchase the VICE FUND in that account...
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PRIVACY POLICY DISCLOSURES CONTACT US
Vice 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 Vice 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.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.
© F07 VICE FUND • Dallas, Texas