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Who manages Armada Funds? National City Investment Management Company (IMC) manages Armada Funds. IMC has over $28 billion in assets under management, and is dedicated to attaining client investment objectives by providing a broad array of specialized investment products. IMC is organized among highly specialized investment style teams. Each team member shares an expertise in a particular sector or style of investment. Participants from each of the specialized management teams convene on a monthly basis to discuss strategy and to analyze and interpret data concerning the economic outlook and the allocation of assets. On a weekly basis, the same team members meet to discuss equity and fixed income market recommendations. IMC's team of professionals reflect an average individual investment experience level of over 13 years. If you have questions about your individual situation, contact your plan administrator or a personal adviser, such as an accountant, attorney or other tax professional.

NOT FDIC INSURED · NO BANK GUARANTEE · MAY LOSE VALUE

You should consider the investment objectives, risks, charges and expenses of the Armada Funds carefully before investing. A prospectus may be downloaded and viewed with this and other information about the Funds or may be obtained by contacting an investment professional or by calling 1-800-622-FUND (3863.) Please read it carefully before you invest or send money.

National City Investment Management Company (IMC) serves as investment adviser to Armada Funds for which it receives an investment advisory fee. Shares of Armada Funds are distributed by Professional Funds Distributor, LLC (PFD), 760 Moore Road, King of Prussia, PA 19406. PFD is not affiliated with IMC and is not a bank.