USA Mutuals Generation Wave Growth Fund and USA Mutuals Vice Fund Named Lipper Leaders
05 August 2009 - 4:00PM
PR Newswire (US)
DALLAS, Aug. 5 /PRNewswire-FirstCall/ -- The USA Mutuals Generation
Wave Growth Fund (NASDAQ:GWGFX) and the USA Mutuals Vice Fund
(NASDAQ:VICEX), were rated by Lipper, Inc. as Lipper Leaders. The
USA Mutuals Generation Wave Growth Fund was recognized as a Lipper
Leader for Preservation as of 6/30/2009 (out of 9399 funds in the
Equity asset class.) The USA Mutuals Vice Fund was recognized as a
Lipper Leader for Total Return as of 6/30/2009 (out of 610 funds in
the Multi-cap Core category.) The overall calculation is based on
an equal-weighted average of percentile ranks for the Preservation
and Total Return metrics over the three-, five-, and ten-year
periods (if applicable.) Being recognized as a Lipper Leader is an
important accomplishment. Lipper's evaluation system only rates the
top 20% of all funds in each category as a Lipper Leader. "We're
pleased to learn our funds received such high ratings from Lipper,
a highly respected expert in fund evaluation," said Eric Lansky,
President of Mutuals Advisors, the investment advisor of the USA
Mutuals Generation Wave Growth Fund and USA Mutuals Vice Fund.
According to Lipper, Lipper Ratings for Preservation reflect a
fund's historical loss avoidance---capital preservation---relative
to other funds within the same asset class, while Lipper Ratings
for Total Return reflect a fund's historical total return
performance relative to peers. The USA Mutuals Generation Wave
Growth Fund pursues capital appreciation by investing in a non-
diversified portfolio of equity securities of companies with
prospects for capital appreciation over the long term. It is
anticipated that at any given time, the companies in which the Fund
invests may fall anywhere on the spectrum of industries and sectors
currently available focusing on the demographic, economic and
lifestyle trends of any one or all of the Baby Boomer (persons born
between 1946 and 1964), Generation X (persons born between 1965 and
1980), and Generation Y (persons born between 1980 and the late
1990s) populations. The USA Mutuals Vice Fund, endeavors to provide
investors with a long term growth of capital. The Fund invests
primarily in equity securities of companies that derive a
significant portion of their revenues from alcoholic beverages,
tobacco, gaming and defense/aerospace. The USA Mutuals Generation
Wave Growth Fund and USA Mutuals Vice Fund are part of the USA
Mutuals Fund family, which is managed by Mutuals Advisors. The
administrator and distributor of the funds since 2002 have been
Milwaukee-based U.S. Bancorp Fund Services, LLC. and its affiliate
Quasar Distributors, LLC. The initial minimum investment for the
USA Mutuals Funds is $2,000 ($1,000 for IRAs). Subsequent
investments can be made in amounts of at least $100. For additional
information about the USA Mutuals Family of Funds visit
http://www.usamutuals.com/. Past performance is no guarantee of
future results. As of 6/30/09, the funds experienced negative
performance. For current performance, please visit USAMutuals.com
or call 1.866.264.8783. The Fund's investment objectives, risks,
charges and expenses must be considered carefully before investing.
The statutory and summary prospectuses contain this and other
information about the investment company, and may be obtained by
contacting 866.264.8783, visiting http://www.usamutuals.com/, or
contacting your financial adviser. Read it carefully before
investing. Mutual fund investing involves risk; principal loss is
possible. Both funds are non diversified, meaning they may
concentrate their assets in fewer individual holdings than a
diversified fund. Therefore, the Funds are more exposed to
individual stock volatility than a diversified fund. The Funds
invest in foreign securities which involve greater volatility and
political, economic and currency risks and differences in
accounting methods. The Funds also invest in smaller companies,
which involve additional risks such as limited liquidity and
greater volatility. Because the Generation Wave Growth 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 this 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 Generation Wave Growth 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.
Lipper ratings for Preservation reflect funds' historical loss
avoidance relative to other funds within the same asset class, as
of 6/30/2009. Preservation ratings are relative, rather than
absolute, measures, and funds named Lipper Leaders for Preservation
may still experience losses periodically; those losses may be
larger for equity and mixed equity funds than for fixed income
funds. The Lipper ratings are subject to change every month and are
based on an equal-weighted average of percentile ranks for the
Preservation metric over three-, five-, and ten-year periods (if
applicable). The highest 20% of funds in each peer group are named
Lipper Leader or a score of 5 for Preservation, the next 20%
receive a score of 4, the middle 20% are scored 3, the next 20% are
scored 2, and the lowest 20% are scored 1. USA Mutuals Generation
Wave Growth Fund, in Lipper's Equity asset class, received a Lipper
Leader designation for Preservation for the 3-year (out of 9399
funds) and 5-year periods (out of 9399 funds.) Lipper ratings for
Total Return reflect funds' historical total return performance
relative to peers as of 6/30/09. The ratings are subject to change
every month and are based on an equal-weighted average of
percentile ranks for the Total Return metrics over three-, five-,
and ten-year periods (if applicable). The highest 20% of funds in
each peer group are named Lipper Leader or receive a score of 5,
the next 20% receive a score of 4, the middle 20% are scored 3, the
next 20% are scored 2, and the lowest 20% are scored 1. USA Mutuals
Vice Fund in Lipper's Multi-Cap Core classification, received for
Total Return a score of 4 for the 3-year (out of 610 funds) and a
score of 5 for the 5-year periods (out of 454 funds.) Lipper
ratings are not intended to predict future results, and Lipper does
not guarantee the accuracy of this information. More information is
available at http://www.lipperweb.com/. Lipper Leader Copyright
2009, Reuters, All Rights Reserved. The USA Mutuals Funds are
distributed by Quasar Distributors, LLC. DATASOURCE: USA Mutuals
CONTACT: Eric Lansky of USA Mutuals, +1-214-953-0066, Web Site:
http://www.usamutuals.com/ http://www.lipperweb.com/
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