Armada Tax Managed Equity Fund - Institutional

Fund Overview | Performance | Fund Management FUND OVERVIEW as of Feb 28, 2001 (Institutional Shares) Who Should Invest Tax sensitive investors looking for a tax-advantaged investment. Investors who are comfortable with long-term investments. Investors looking for more growth potential than tax-exempt funds provide and are comfortable with some taxation of returns. Top Holdings, Performance, and Investment Objectives FUND MANAGEMENT Our Investment Philosophy While investing primarily in common stocks, the Armada Tax Managed Equity Fund will use several methods to reduce the impact of federal and state income taxes on investment income and capital gains. These methods could include investing in stocks with relatively low levels of taxable investment income. In addition, the fund will generally seek to avoid realizing short-term capital gains, and in order to do so may invest in companies with sufficient predictability that their shares may be held for several 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