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Ultra Short Bond Fund The Armada Ultra Short 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 Ultra Short Bond Fund invests in a diversified portfolio of short-term, investment grade bonds.
For historical H Share performance, click here.
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| MARKET WATCH | | 10:40 am ET, 3/2(04:45 to NY close) | | |  | S&P 500 | 1214.82 | +4.41 | 0.36% | | | | DJIA | 10858.31 | +28.31 | 0.26% | | | | NASDAQ | 2081.51 | +10.26 | 0.50% | | | | 10-yr Note | 4.39 | +0.02 | 0.41% | | |
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Ticker Lookup >>
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Total returns reflect reinvestment of dividends, capital gains and deduction of applicable sales charges, operating expenses and fees. The inception date for Class A shares is 1/06/03. Performance shown for this inception date is based on the performance of Class I shares, adjusted to reflect Class A shares fees, expenses and maximum sales charges.
The maximum sales charge for class A shares is 1.00%.
Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown here. Performance data current to the most recent month-end is available at www.armadafunds.com.
An investment in the Fund is subject to interest rate risk, which is the possibility that a Funds yield will decline due to falling interest rates. High yielding, non-investment grade bonds present a greater risk of loss to principal and interest than investment grade securities. The value of debt securities may be affected by the ability of issuers to make principal and interest payments. Although U.S. government securities are considered to be among the safest investments, they are not guaranteed against price movements due to changing interest rates.
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Investment Strategy
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-Year Treasury Index.*
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Growth of a $10,000 Investment
Provides a graphical view of this Funds growth of $10,000 with an adjustment for sales charges and expenses,
where applicable from the Funds inception. The graph illustrates growth of principal including reinvestment of dividends and capital gains.
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Economic Sector Weightings+
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| ASSET-BACKED SECURITIES |
27.04% |
| U.S. TREASURY NOTES |
19.69% |
| CORPORATE BONDS |
16.68% |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION |
15.73% |
| FEDERAL HOME LOAN BANK |
10.60% |
| COLLATERALIZED MORTGAGE OBLIGATIONS |
5.19% |
| FEDERAL HOME LOAN MORTGAGE CORPORATION |
3.52% |
| CASH & CASH EQUIVALENTS |
1.55% |
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Index Comparison
Compare this funds performance, over various time periods, to the index of your choice. Just select the time period and index from the drop-down menus. Please keep in mind, the indexes shown are benchmarks for performance and direct investment is not possible.
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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.
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*The Merrill Lynch 1-Year Treasury Index, a market capitalization weighted index including U.S. Treasury, is an unmanaged index not available for direct investment. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees or other expenses.
Quality ratings such as AAA, AA, BBB, and BB refer to credit risk of the portfolio securities and not the shares of the Fund.
† All market data and information is provided by Standard & Poor's and is for
informational purposes only. Armada does not guarantee that the information
supplied is accurate, complete or timely, or make any warranties regarding the
results obtained by its use.
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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.
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