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Tax Exempt Money Market Funds

Armada Ohio Municipal Money Market Fund's investment objective is to provide current income exempt from regular federal income tax and Ohio personal income tax, consistent with stability of principal. The Fund invests exclusively in high quality money market instruments issued by or on behalf of the State of Ohio, political subdivisions thereof or agencies or instrumentalities of Ohio or its political subdivisions, the income of which is exempt from federal income tax and Ohio personal income tax.

Armada Pennsylvania Tax Exempt Money Market Fund's investment objective is to provide current income exempt from regular federal income and Pennsylvania personal income taxes, consistent with stability of principal. The Fund invests primarily in high quality debt obligations issued by or on behalf of the Commonwealth of Pennsylvania and its political subdivisions and financing authorities.

Armada Tax Exempt Money Market Fund's investment objective is to provide as high a level of current interest income exempt from federal income tax as is consistent with liquidity and stability of principal. The Fund invests primarily in high quality money market instruments issued by or on behalf of states, territories and possessions of the United States, the District of Columbia, and their political subdivisions, agencies, instrumentalities, and authorities that pay interest exempt from federal taxes.

 

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