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4 - Star Overall Morningstar Rating™
Ratings for the Armada Total Return Advantage Fund Class I
were out of 47 Long-Term Bond Funds ending 6/30/2002
ARMADA TOTAL RETURN
ADVANTAGE FUND
CLASS I
(7/7/1994
inception date)
YTD
(6/30/2002)
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Annualized
Total Return
1 Year
(6/30/2002)
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Annualized
Total Return
5 Year
(6/30/2002)
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Annualized
Since
Inception
(6/30/2002)
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Overall
Morningstar
Rating*
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3.45%
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8.14%
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6.89%
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7.48%
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For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for
variation in a funds monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and
rewarding consistent performance. The top 10% of funds in each broad asset class receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next
22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause
slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated
with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. The Armada Total Return Advantage Fund, Class I was rated against the following numbers
of U.S.-domiciled Long-Term Bond funds over the following time periods: 47 funds in the last three years and 43 funds in the last five years. With respect to these Long-Term
Bond funds, the Armada Total Return Advantage Fund, Class I received a Morningstar Rating of 4 stars and 4 stars for the three- and five-year periods, respectively.
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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