Armada Pennsylvania Municipal Fund - Institutional

Fund Overview | Performance | Fund Management FUND OVERVIEW as of Feb 28, 2001 (Institutional Shares) Who Should Invest Investors who are tax-sensitive. Investors who fall within the 28% federal tax bracket, or higher, and have already taken full advantage of tax-deferred investment programs and would like to reinvest income in a tax-exempt mutual fund. Investors who consider themselves a reasonably conservative investor who can tolerate some principal fluctuation in pursuit of current income. Top Holdings, Performance, and Investment Objectives FUND MANAGEMENT Our Investment Philosophy The Fund is invested within Pennsylvania by project and by municipality, allowing the manager flexibility in redirecting assets. Typical maturities for the bonds in this fund range from two to ten years. 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