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S&P 500 Index Fund The Armada S&P 500 Index Fund is for investors who would like their portfolios to replicate the performance of Standard & Poor's 500 Composite Index (S&P 500 Index) * as closely as possible. The Fund invests in substantially all of the stocks that comprise the S&P 500 Index, in approximately the same percentages.
For historical H Share performance, click here.
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| MARKET WATCH† | | 12:10 pm ET, 12/20(03:46 to NY close) | | |  | S&P 500 | 1196.63 | +2.43 | 0.20% | | | | DJIA | 10682.58 | +32.66 | 0.31% | | |  | NASDAQ | 2131.84 | -3.36 | -0.16% | | | | 10-yr Note | 4.18 | -0.03 | -0.62% | | |
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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. Returns also reflect a voluntary fee waiver of .15%. Without such a fee waiver, performance of the Fund would have been lower. Inception dates for Class A, B, C and R shares are 10/15/98, 1/04/00, 1/17/00 and 8/1/03 respectively. All performance shown for each share class prior to each respective inception date is based on the performance of Class I shares, adjusted to reflect each share class’s fees, expenses and maximum sales charges.
The maximum sales charge for class A shares is 5.50%. Class B shares have a maximum contingent deferred sales charge of 5.00%. Class C shares do not have a front-end sales charge, but do have a 1.00% charge on the redemption of shares that are held for less than 18 months. Class R shares do not have a front-end sales charge, but do have a 0.75% charge on the redemption of shares that are held less than 18 months.
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.
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Investment Strategy
Armada S&P 500 Index Fund’s management team strives to replicate the performance of the Standard & Poor’s 500 Composite Index (S&P 500 Index)* by utilizing passive management techniques and a small active overlay. The vast majority of fund assets are managed passively with the objective of obtaining returns that, before fund expenses, approximate the index. This is accomplished by owning at least 400 of the 500 stocks included in the Index, in approximately the same percentages. A small percentage of fund assets are managed using quantitative stock selection methodologies with the objective of earning a return spread over the index that is approximately equal to fund expenses.
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Growth of a $10,000 Investment
Provides a graphical view of this Fund’s growth of $10,000 with an adjustment for sales charges and expenses,
where applicable from the Fund’s 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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| FINANCIALS |
19.71% |
| INFORMATION TECHNOLOGY |
15.68% |
| HEALTHCARE |
11.78% |
| INDUSTRIALS |
11.36% |
| CONSUMER DISCRETIONARY |
11.25% |
| CONSUMER STAPLES |
9.71% |
| ENERGY |
7.11% |
| CASH & CASH EQUIVALENTS |
4.33% |
| TELECOMMUNICATIONS |
3.09% |
| MATERIALS |
3.04% |
| UTILITIES |
2.94% |
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Index Comparison
Compare this fund’s 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 S&P 500 Composite Index, a widely-used, unmanaged index of 500 common stocks, is not available for direct investment. Unlike a mutual fund, the performance of an index assumes no taxes, transaction costs, management fees or other expenses.
+The composition of the portfolio is as of 11/30/2004 and is for illustration purposes only. The composition of the portfolio is not a permanent reflection of the Fund. Under normal circumstances, the Fund will invest at least 80% of the value of its net assets in equity securities. Economic sector weightings may not total 100%.
† 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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