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Charles Norton, Co-Portfolio Manager of Vice Fund (VICEX) and Generation Wave Growth Fund (GWGFX), Talks to the Wall Street Transcript.


DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S.  -- Mutuals Advisors, Inc., advisor to the Vice Fund (Nasdaq:VICEX) and the Generation Wave Growth Fund (Nasdaq:GWGFX), announced today that the Wall Street Transcript A generic term for any kind of copy, particularly an official or certified representation of the record of what took place in a court during a trial or other legal proceeding.

A transcript of record
 has published an in-depth interview with the funds' co-Portfolio Manager, Charles L. Norton, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. . In the interview, Norton talks at length about the funds, the firm's investment process, and the outlook for the tobacco, gaming, alcohol and defense sectors.

Regarding investments in companies that are often overlooked by socially responsible investors, Mr. Norton states, "We certainly don't concentrate on the tobacco, alcohol, gaming and defense industries just to be devilish dev·il·ish  
adj.
1. Of, resembling, or characteristic of a devil, as:
a. Malicious; evil.

b. Mischievous, teasing, or annoying.

2. Excessive; extreme: devilish heat.
. In fact, these industries have true investment merit -- and are overlooked by a huge amount of investor dollars. (Many of) these companies have high barriers to entry, and...are highly profitable with extremely deep management teams. Many of them have stood the test of time....And in tobacco and alcohol specifically, the products are rarely made obsolete OBSOLETE. This term is applied to those laws which have lost their efficacy, without being repealed,
     2. A positive statute, unrepealed, can never be repealed by non-user alone. 4 Yeates, Rep. 181; Id. 215; 1 Browne's Rep. Appx. 28; 13 Serg. & Rawle, 447.
 by a newer technology."

When asked about how the portfolio managers select the companies that the Vice Fund invests in, Mr. Norton states, "Our investment process begins by analyzing the macro trends within each industry group, and then identifying leading companies that are most likely to grow sales and earnings within that framework. The fund is anchored by large, stable companies, but gets an extra boost from smaller, dynamic fast-growing companies."

A transcript of the entire conversation is available free online at www.vicefund.com.

The Wall Street Transcript does not endorse To sign a paper or document, thereby making it possible for the rights represented therein to pass to another individual. Also spelled indorse.


endorse (indorse) v.
 the views of any interviewees nor does it make stock recommendations.

The Fund's 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 by calling 1-866-264-8783 or visiting www.MUTUALS.com. Read it carefully before investing.

Because the Generation Wave Fund is a "fund of funds Fund of Funds

A mutual fund that invests in other mutual funds.

Notes:
For example, an investor would select a general risk profile and the fund-of-funds manager would pick underlying investments from a range of products managed by external managers.
," 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.

Mutual funds with a narrow investment focus are subject to greater price fluctuations than funds with broader investment choices. The Vice Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.

Fund holdings and/or sector allocations Sector allocation

Investment of certain proportions of a portfolio in certain sectors. See: Industry allocation.
 are subject to change at any time and are not recommendations to buy or sell any security.

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.

The MUTUALS.com funds are distributed by Quasar Distributors, LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 22, 2005
Words:488
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