Armada National Tax Exempt Fund - Retail

Fund Overview | Performance | Fund Management FUND OVERVIEW as of May 31, 2001 (Retail Shares) Who Should Invest Investors who are tax-sensitive. Investors who are looking for current income to meet short-term expenses. Investors who are reasonably conservative but are comfortable with price fluctuation in return for current tax-free income. Top Holdings, Performance, and Investment Objectives FUND MANAGEMENT Our Investment Philosophy The Fund normally invests in tax exempt obligations having average remaining maturities of 20 years or less. 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