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EQUITY INVESTS PRIMARILY FOR: BY INVESTING MAINLY IN: International Equity Fund - Retail Capital appreciation Stocks of foreign issuers International Equity Fund - Institutional Capital appreciation Stocks of foreign issuers Small Cap Growth Fund - Retail Capital appreciation Stocks of growth-oriented smaller issuers Small Cap Growth Fund - Institutional Capital appreciation Stocks of growth-oriented smaller issuers Small Cap Value Fund - Retail Capital appreciation Stocks of value-oriented smaller issuers Small Cap Value Fund - Institutional Capital appreciation Stocks of value-oriented smaller issuers Mid Cap Growth Fund - Retail Capital appreciation Stocks of growth-oriented medium-sized issuers Mid Cap Growth Fund - Institutional Capital appreciation Stocks of growth-oriented medium-sized issuers Large Cap Ultra Fund - Retail Capital appreciation Stocks of growth-oriented larger issuers Large Cap Ultra Fund - Institutional Capital appreciation Stocks of growth-oriented larger issuers Equity Growth Fund - Retail Capital appreciation Stocks of growth-oriented larger issuers Equity Growth Fund - Institutional Capital appreciation Stocks of growth-oriented larger issuers Tax Managed Equity Fund - Retail Capital appreciation while minimizing impact of taxes Stocks Tax Managed Equity Fund - Institutional Capital appreciation while minimizing impact of taxes Stocks Core Equity Fund - Retail Capital appreciation Stocks of larger issuers, blending value and growth styles Core Equity Fund - Institutional Capital appreciation Stocks of larger issuers, blending value and growth styles Equity Index Fund - Retail Approximate return of S&P 500 Stocks of larger issuers Equity Index Fund - Institutional Approximate return of S&P 500 Stocks of larger issuers Equity Income Fund - Retail Capital appreciation Income producing stocks Equity Income Fund - Institutional Capital appreciation Income producing stocks BALANCED INVESTS PRIMARILY FOR: BY INVESTING MAINLY IN: Balanced Allocation Fund - Retail Capital appreciation and current income Growth-oriented stocks, fixed income securities, and cash equivilant securities Balanced Allocation Fund - Institutional Captial appreciation and current income Growth-oriented stocks, fixed income securities, and cash equivilant securities FIXED INCOME INVESTS PRIMARILY FOR: BY INVESTING MAINLY IN: Total Return Advantage Fund - Retail Income and preservation of capital Investment grade fixed income securities Total Return Advantage Fund - Institutional Income and preservation of capital Investment grade fixed income securities Bond Fund - Retail Income and preservation of capital Investment grade fixed income securities Bond Fund - Institutional Income and preservation of capital Investment grade fixed income securities Intermediate Bond Fund - Retail High income and preservation of capital Investment grade fixed income securities Intermediate Bond Fund - Institutional High income and preservation of capital Investment grade fixed income securities GNMA Fund - Retail Income and preservation of capital Government National Mortgage Association securities GNMA Fund - Institutional Income and preservation of capital Government National Mortgage Association securities Limited Maturity Bond Fund - Retail Income and preservation of capital Investment grade fixed income securities Limited Maturity Bond Fund - Institutional Income and preservation of capital Investment grade fixed income securities U.S. Government Income Fund - Retail Income and preservation of capital U.S. Government mortgage-related securities U.S. Government Income Fund - Institutional Income and preservation of capital U.S. Government mortgage-related securities TAX-EXEMPT INVESTS PRIMARILY FOR: BY INVESTING MAINLY IN: Ohio Tax Exempt Bond Fund*^ - Retail Income free from federal and OH state income taxes OH municipal bonds Ohio Tax Exempt Bond Fund*^ - Institutional Income free from federal and OH state income taxes OH municipal bonds Pennsylvania Municipal Bond Fund*^ - Retail Income free from federal and PA state income taxes PA municipal bonds Pennsylvania Municipal Bond Fund*^ - Institutional Income free from federal and PA state income taxes PA municipal bonds Michigan Municipal Bond Fund - Retail Income free from federal and MI state income taxes MI municipal bonds Michigan Municipal Bond Fund - Institutional Income free from federal and MI state income taxes MI municipal bonds National Tax Exempt Bond Fund - Retail Federally tax-free income Municipal Bonds National Tax Exempt Bond Fund - Institutional Federally tax-free income Municipal Bonds MONEY MARKET INVESTS PRIMARILY FOR: BY INVESTING MAINLY IN: Money Market Fund†-Retail Income with liquidity and stability Money market instruments Money Market Fund†-Institutional Income with liquidity and stability Money market instruments Government Money Market Fund† -Retail Income with liquidity and stability U.S. Government-issued money market instruments Government Money Market Fund† -Institutional Income with liquidity and stability U.S. Government-issued money-market instruments Treasury Money Market Fund† - Retail Income with liquidity and stability U.S. Treasury-issued money-market instruments Treasury Money Market Fund† - Institutional Income with liquidity and stability U.S. Treasury-issued money-market instruments Treasury Plus Money Market Fund-Retail Income with liquidity and stability U.S. Treasury issued money market securities and related repurchase agreements Treasury Plus Money Market Fund - Institutional Income with liquidity and stability U.S. Treasury issued money market securities and related repurchase agreements Ohio Municipal Money Market Fund - Retail Income exempt from federal income tax & Ohio personal income tax Ohio municipal money market Ohio Municipal Money Market Fund - Institutional Income exempt from federal income tax & Ohio personal income tax Ohio municipal money market Pennsylvania Tax Exempt Money Market Fund† - Retail Income free from federal and PA income taxes PA municipal money market instruments Pennsylvania Tax Exempt Money Market Fund† - Institutional Income free from federal and PA income taxes PA municipal money market instruments Tax Exempt Money Market Fund†-Retail Federally tax-free income. Municipal money market instruments Tax Exempt Money Market Fund†-Institutional Federally tax-free income. Municipal money market instruments * Investment returns in state-specific mutual finds depend upon the performance of a smaller number of securities than more diversified portfolios and are therefore subject to greater fluctuations in share value. ^ For certain shareholders, income may be subject to the federal alternative minimum tax. † An investment in Armada Money Market Funds is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Funds seek to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Funds. Legal Information & Copyright Home | Library | Tools | News | Site Map | Search Equity | Balanced Allocation | Fixed Income | Tax-exempt | Money Market