Armada Limited Maturity Bond Fund - Institutional

Fund Overview | Performance | Fund Management FUND OVERVIEW as of May 31, 2001 (Institutional Shares) Who Should Invest Investors who are willing to accept some price fluctuation to pursue a potentially greater return. Investors who seek investment-grade debt securities as a permanent part of their investment program. Top Holdings, Performance, and Investment Objectives FUND MANAGEMENT Our Investment Philosophy In selecting securities for this Fund, the managers focus on a number of factors - yield to maturity, maturity, quality and the outlook for specific issuers and market sectors - seeking to provide shareholders with total return, including both current income and price appreciation. Under normal market conditions, the Fund intends to maintain an average dollar-weighted portfolio maturity for its debt securities of 1 1/2 to 4 years. Only investment-grade debt securities which rate within the four highest rating groups will be selected for the Fund, and its overall quality rating will normally be within the two highest rating categories. Disclosure NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE. This information must be preceded or accompanied by a current prospectus for the Armada Funds. Read it carefully before you invest or send money. National City Investment Management Company serves as investment advisor and custodian for the Armada Funds. The Armada Funds are distributed by SEI Investments Distribution Co. which is not affiliated with National City Investment Management Company. Legal Information & Copyright Home | Library | Tools | News | Site Map | Search Equity | Balanced Allocation | Fixed Income | Tax-Exempt | Money Market