Armada Small Cap Growth Fund - Institutional

Fund Overview | Performance | Fund Management FUND OVERVIEW as of Mar 31, 2001 (Institutional Shares) Who Should Invest Investors who want an investment to seek long-term capital appreciation, or "growth." Investors who have holdings in large company or value stocks and are seeking to diversify. Investors who are looking for a more aggressive pursuit of growth than large cap stocks provide. Top Holdings, Performance, and Investment Objectives FUND MANAGEMENT Our Investment Philosophy The investment strategy is to create a well-diversified fund by combining top-down portfolio construction with fundamental research. The top-down steps involve screening a universe of companies based on market capitalization, followed by selected investment criteria such as earnings growth and return on equity. Securities which pass the first screeen are then subjected to intensive fundamental analysis to arrive at the select holdings of the Fund. 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