Mutuals Advisors, Inc., the manager of the Vice Fund (Nasdaq:VICEX), today announced that the fund received a 5-star Overall Morningstar rating for the three-year period ending April 30, 2006, marking it the first time that the Vice Fund has received Morningstar's highest rating. Year-to-date, the Vice Fund returned 13.31% according to data from Morningstar. As of 3/31/06, the Vice Fund has again out-performed the market (Standard & Poor's 500 Index) average for 3 months, 6 months, 1 year, 3 years, and since inception on June 21, 2001. -0- *T Vice S&P Fund 500 (VICEX) Index 3 Month (cumulative) 10.38% 4.21% 6 Month (cumulative) 12.00% 6.38% 1 Year (cumulative) 18.98% 11.73% 3 Year (average annual) 29.51% 17.19% Since inception (average annual) 18.63% 12.14% (6/21/01) *T Performance data quoted represents past performance; past performance 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. Performance data current to the most recent month end may be obtained by calling (866) 264-8783 /or visiting www.vicefund.com. The Fund imposes a 1.00% redemption fee on shares held for less than two months. "I am extremely pleased with the fund's strong three-year track record," said Michael Henry, Co-Portfolio Manager, referring to the company's ratings as of April 30, 2006. "It's a true testament to the investment merits of the gaming, defense, alcohol and tobacco industries, despite the fact that many so-called socially conscious investors disregard them." The Vice Fund returned a total of 13.31% so far in 2006, through April 30, versus the 5.61% return of the S&P 500 Index, including income. The Vice Fund has an annualized three year return of 27.11% through April 30, 2006, compared to the S&P 500's 14.68% return over the same time period. The funds' investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained from www.vicefund.com or by calling Shareholder Services toll free at 866-264-8783. Read it carefully before investing. The Fund can be purchased direct through the Fund Company's website or through numerous brokerage firms including T.D. Waterhouse, Ameritrade, Scottrade, Harris Direct, and many others. (C) 2006 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results. For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating TM (based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. Vice Fund was rated against the following numbers of U.S. domiciled Mid-Cap Blend funds over the following time periods: 355 funds in the last three years. With respect to these Mid-Cap Blend funds, the Vice Fund received a Morningstar Rating of 5-stars for the three-year period. Investing in the Vice Fund involves special risks, including but not limited to, investments concentrated in one or more sectors, small and medium capitalization companies and foreign securities. Please refer to the prospectus for further details. Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. The S&P 500 Index is an unmanaged index commonly used to measure performance of U.S. stocks. You cannot invest directly in an index. The MUTUALS.com funds are distributed by Quasar Distributors, LLC. (05/06)
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