Returns for the period Jan 27, 2000 to Aug 11, 1999 reflect the performance of the Fund’s Class B Shares, returns for the period Aug 11, 1999 to Sep 11, 1996 reflect the performance of the Fund’s Class A Shares, and returns for the period prior to Sep 11, 1996 reflect the performance of the Fund’s Class I Shares.
For Class H shares, the annualized return since the actual inception date of Apr 19, 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 Aug 11, 1999 was 6.89% without sales charge and 6.19% with sales charge. For Class A shares, the annualized return since the actual inception date of Sep 11, 1996 was 6.88% without sales charge and 6.09% with sales charge.
The Class A shares have a maximum sales charge of 4.75%. 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 Aug 11, 1999 reflect the performance of the Fund’s Class B Shares, returns for the period Aug 11, 1999 to Sep 11, 1996 reflect the performance of the Fund’s Class A Shares, and returns for the period prior to Sep 11, 1996 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 7.33% without sales charge and 7.33% 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.
Performance information prior to 9/9/96 presented for the Fund includes performance of the Fund’s predecessor Inventor Funds portfolio which was reorganized into the present Armada portfolio.
Note: Guarantees by the U.S. Government, its agencies, or instrumentalities relate only to the timely payment of principal and interest on the securities in the Fund’s portfolio and not to shares of the Fund.
The Index is not connected with the Armada GNMA Fund. It is not possible to invest in this or any other index.
The sample portfolio illustrated is as of 6/30/02 and is an example only. It is not a permanent reflection of the Fund. Per the prospectus, the Fund will normally invest at least 80% of the value of its total assets in investment-grade fixed income securities.
The sample portfolio illustrated is as of 6/30/02 and is an example only. It is not a permanent reflection of the Fund.
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.
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