Armada Funds announced today that it is introducing a new small-to-mid-cap value fund that will focus on stocks with market values of $500 million to $5 billion.

The firm said that its new Armada Small/Mid Cap Value Fund employs a relatively rare strategy, considering "only six of the more than 1,900 funds in LipperÂ’s Small-Cap and Mid-Cap value and growth categories label themselves as small-mid funds."

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