Potentially higher returns than typically produced through active sector and security selection, and disciplined risk management.
Armada Ultra Short 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. 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 U.S. Corporate/Government Index, and the Merrill Lynch 1-Year Treasury Index.*