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Five Star Morningstar Rating™
Ratings
for the Armada Limited Maturity Bond Fund Class I were out of 1741 Fixed
Income Funds ending 9/30/2000
ARMADA
LIMITED MATURITY
BOND FUND
CLASS I
(7/7/1994
inception date)
Recognized
by Morningstar For Solid Long Term Performance
YTD
(9/30/2000)
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Annualized
Total Return
1 Year
(9/30/2000)
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Annualized
Total Return
5 Year
(9/30/2000)
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Annualized
Since
Inception
(9/30/2000)
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Overall
Morningstar
Rating*
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4.83%
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5.78%
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5.67%
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5.77%
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*Morningstar
proprietary ratings reflect risk-adjusted performance through 9/30/2000.
The ratings are subject to change every month. Ratings are calculated
from the funds three, five and ten year average annual returns
if applicable (with fee adjustments) in excess of the 90-day Treasury
bill returns and a risk factor that reflects fund performance below
90-day Treasury bill returns. The top 10% of the funds in a rating
category receive five stars, the next 22.5% receive four stars,
the next 35% receive three stars, the next 22.5% receive two stars
and the last 10% receive one star.
The Armada Limited Maturity Bond Fund Class I earned five stars
out of 1741 and 1300 Fixed Income Funds for the three and five year
periods respectively ending 9/30/2000.
Ratings are for the share class indicated. Other classes may vary.
Past performance is no guarantee of future results. Investment return
and principal value of an investment will fluctuate so that an investors
shares on redemption may be worth more or less than their original
cost. Mutual funds involve risk including possible loss of principal.
Performance figures quoted herein may be lower due to recent market
volatility.
For more complete information about Armada Funds, including charges
and expenses, obtain a prospectus from SEI Investments Distribution
Co. by calling 1-800-622-FUND (3863). Read the prospectus carefully
before investing or sending money.
National City Investment Management Company serves as investment
adviser for Armada Funds, for which it receives an investment advisory
fee. Armada Funds are distributed by SEI Investments Distribution
Co., Oaks, PA 19456. SEI Investments Distribution Co. is not affiliated
with National City Investment Management Company and is not a bank.
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Not FDIC Insured No Bank
Guarantee May Lose Value
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