The Armada Short Duration Bond Fund is for investors who seek higher returns than those offered by money market funds and are willing to accept some principal fluctuation in pursuit of higher returns. The Short Duration Bond Fund invests in a diversified portfolio of short-term, investment grade bonds.
Short Duration Bond Fund Quarterly Fund Fact Sheet -
A Shares,
I Shares
Investment Objective
The Armada Short Duration Bond Fund seeks to obtain high current income while preserving capital by investing in a portfolio of investment grade fixed income securities.
Risk & Reward Asset Class Comparison
Sector Diversification
Corporate Bonds
40.90%
Asset Backed Securities
19.60%
FHLMC
15.00%
FNMA
8.00%
U.S. Treasury Bill
5.80%
U.S. Agency Bonds
5.00%
STIFs/Money Markets
2.40%
Corporate CMO
1.90%
U.S. Treasury Instruments
1.50%
Unknown
0.00%
Investment Strategy
Potentially higher returns than money market funds typically produce through active sector and security selection, and disciplined risk management.
The Armada Short Duration Bond Fund invests in U.S. government, mortgage-backed, and asset-backed fixed income securities. While the managers can select any investment grade opportunity, they tend to concentrate the fund in AAA rated asset-backed securities that offer potentially higher income and returns than typically offered by money markets without taking on additional risk. The Fund’s duration (its sensitivity to interest rate changes) is expected to remain within 20% of its benchmark index, the Merrill Lynch 1-3 Year Government/Corporate Index*
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.
Investment Quality
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.
Taxable Fixed Income Management Team
Andrew HardingDirector of Taxable Fixed Income Investment
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.
