Equity Growth Fund

The Armada Equity Growth Fund is for investors who wish to grow their principal and can tolerate some fluctuation in the value of their investments. The Fund invests in large companies that are global leaders in their industries, and have above average growth potential resulting from competitive advantages, rapidly growing industries, or a new product cycle. 
xml version="1.0"?>
MARKET WATCH(63:40 to NY open)
S&P 500848.17+11.071.32%
DJIA8018.11+103.151.30%
NASDAQ1349.02+17.791.34%
10-yr Note3.89+0.051.22%
Ticker Lookup >>
Get Quote: 




PRICE  (A Shares as of 2/21): $15.26


as of 12/31/2002     Average Annual Total Returns and Ratings
Equity Growth Fund Current
Quarter End
YTD 1 Year 3 Year 5 Year 10 Year/
Since Inception
A Shares -1.65% -32.32% -32.32% -18.88% -3.36% 5.74%
B Shares -1.13% -32.41% -32.41% -18.93% -3.21% 6.01%
C Shares 2.86% -29.59% -29.59% -17.86% -2.84% 6.02%
H Shares 1.82% -30.31% -30.31% -18.13% -3.04% 5.92%
I Shares 4.13% -28.17% -28.17% -17.10% -1.99% 6.61%
S&P 500 Composite Index 8.44% -22.10% -22.10% -14.55% -0.58% N/A
Equity Growth Fund Quarterly Fund Fact Sheet - A, B, H SharesC Shares,   I Shares 


Investment Objective

The Armada Equity Growth Fund is for investors who wish to grow their principal and can tolerate some fluctuation in the value of their investments. The Fund invests in large companies that are global leaders in their industries, and have above average growth potential resulting from competitive advantages, rapidly growing industries, or a new product cycle.

Risk & Reward
Asset Class Comparison


Compare this Fund to other Armada Funds

Fund Statistics


Class A Shares
Cusip Number 042086876
NASDAQ Symbol AEQRX
Inception Date 12/20/1989
Dividends Frequency Quarterly

as of 2/21/2003
Net Asset Value as of 2/21/2003 $15.26
Net Asset Value past 12 months
High: $21.74
Low: $14.49
Public Offering Price $16.15

as of 12/31/2002
Dividends Paid ($ per share)
Past Quarter:
Current Year:
 
 N/A
 N/A
Total Net Assets (millions) $640.50

Top Ten Holdings

as of 1/31/2003  (% of total net assets)
Holdings are Subject to Change.

PFIZER INC 3.46%
JOHNSON & JOHNS 3.12%
MICROSOFT CORP 3.04%
WAL-MART STORES 2.59%
AMGEN INC 2.06%
CITIGROUP 2.00%
PROCTER & GAMBLE CO 2.00%
VIACOM INC CLASS B 1.88%
INTEL CORP 1.87%
ESTEE LAUDER COMPANIES 1.82%

Investment Strategy

Earnings growth drives stock prices over time

The Armada Equity Growth Funds management team believes that superior returns can be achieved by selecting reasonably valued stocks with capitalizations similar to those of companies in the S&P 500 Index. Our management combines top-down research with a bottom-up approach to stock selection. The portfolio team focuses on finding large-cap stocks with earnings growth greater than the Fund’s stock universe, placement in the top three deciles of the Fund’s growth model, strong management and a catalyst for future growth.

Growth of a $10,000 Investment


Provides a graphical-view of this fund’s growth of $10,000 without sales charges over a multi-year period. The graph illustrates two values: growth of principal only and growth of principal including reinvestment of dividends and capital gains.


Economic Sector Weightings


Chemicals and Allied Products 19.70%  
Depository Institutions 9.50%  
Business Services 6.80%  
Insurance Carriers 6.80%  
Electronic and Other Electric Equipment 5.80%  
Industrial Machinery and Equipment 5.10%  
Printing and Publishing 4.70%  
Oil and Gas Extraction 4.10%  
General Merchandise Stores 3.70%  
Food and Kindred Products 3.20%  


Index Comparison

Compare this fund’s performance, over various time periods, to the index of your choice. Just select the time period and index from the drop-down menus.


Management Team

At Armada, specialization is the key to our investment management philosophy. Our portfolio managers and research analysts work in independent teams. Each team focuses on a single sector or investment style. Their dedication and clear focus are reflected in the unwavering style purity of our funds.

Growth Equity Investment Management Team
Daniel Bandi, CFA  Managing Director of Equity Investment
Crit Thomas, CFA  Director of Growth Equity Investment
William Batcheller  Senior Portfolio Manager
Alex Vallecillo, CFA  Senior Portfolio Manager
Bryan Tinsley, CFA  Senior Equity Analyst
Mirsat Nikovic  Senior Equity Analyst
Joe Gilbert  Equity Analyst
Chris Staneluis  Portfolio Manager


Armada Fund Family

Small Cap Growth Fund Mid Cap Growth Fund Large Cap Ultra Fund International Equity Fund Small Cap Value Fund Small/Mid Cap Value Fund Equity Growth Fund Tax Managed Equity Fund Equity Index Fund Core Equity Fund Large Cap Value Fund Aggressive Asset Allocation Fund Balanced Asset Allocation Fund Conservative Asset Allocation Fund GNMA Fund U.S. Government Income Fund Bond Fund Total Return Advantage Fund Limited Maturity Bond Fund Intermediate Bond Fund Ohio Municipal Money Market Fund Pennsylvania Tax Exempt Money Market Fund Tax Exempt Money Market Fund Money Market Fund Government Money Market Fund Treasury Plus Money Market Fund Treasury Money Market Fund National Tax Exempt Bond Fund Pennsylvania Municipal Bond Fund Ohio Tax Exempt Bond Fund Michigan Municipal Bond Fund

Returns for the period Feb 5, 2002 to Jan 27, 2000 reflect the performance of the Fund’s Class C Shares, returns for the period Jan 27, 2000 to Jan 6, 1998 reflect the performance of the Fund’s Class B Shares, returns for the period Jan 6, 1998 to Apr 15, 1991 reflect the performance of the Fund’s Class A Shares, and returns for the period prior to Apr 15, 1991 reflect the performance of the Fund’s Class I Shares.
For Class H shares, the annualized return since the actual inception date of Feb 5, 2002 was N/A without sales charge and N/A with sales charge. For Class B shares, the annualized return since the actual inception date of Jan 6, 1998 was -3.2% without sales charge and -3.2% with sales charge. For Class A shares, the annualized return since the actual inception date of Apr 15, 1991 was 6.84% without sales charge and 6.33% with sales charge.
The Class A shares have a maximum sales charge of 5.50%. The Class B shares have a maximum contingent deferred sales charge of 5.00%. The Class H shares have a 1.00% front end sales charge, in addition to a 1.00% maximum contingent deferred sales charge on shares held less than 18 months.
For Class C shares, returns for the period Jan 27, 2000 to Jan 6, 1998 reflect the performance of the Fund’s Class B Shares, returns for the period Jan 6, 1998 to Apr 15, 1991 reflect the performance of the Fund’s Class A Shares, and returns for the period prior to Apr 15, 1991 reflect the performance of the Fund’s Class I Shares.
For Class C shares, the annualized return since the actual inception date of Jan 27, 2000 was -17.56% without sales charge and -17.56% with sales charge.
The Class C shares do not have a front end sales charge, but do have a 1.00% charge on redemptions of shares that are held for less than 18 months.
The Index is not connected with the Armada Equity Growth Fund. It is not possible to invest in this or any other index.
Economic sector weightings may or may not total 100%.

Mutual funds involve risks including possible loss of principal. Performance figures quoted herein may be lower due to recent market volatility. Past performance is not indicative of future performance, and the principal value and investment return will fluctuate, so that you may have a gain or loss when you sell your shares. National City Investment Management Company (IMC) serves as investment adviser to Armada Funds, for which it receives an investment advisory fee. Armada Funds are distributed by SEI Investments Distribution Co. (SIDC), Oaks, PA 19456. SIDC is not affiliated with IMC and is not a bank. This must be accompanied or preceded by a current Armada prospectus. Read it carefully before you invest or send money.

Total returns shown reflect reinvestment of dividends and capital gains.
During the reporting periods shown, the administrator, custodian and advisor have waived fees. Without such waivers, performance would have been lower.

During the reporting periods shown, the administrator, custodian and advisor have waived fees. Without such waivers, performance would have been lower.



Armada Funds Products