Attachment A
Investment Advisory Agreement
between
Summit Mutual Funds, Inc. and
Summit Investment Partners, Inc.
ADVISORY FEE
The Fund shall pay the Adviser, as full compensation for all facilities and
services furnished, a monthly fee computed separately for each portfolio on a
daily basis, at an annual rate, as follows:
Portfolio Advisory Fee
--------- ------------
SUMMIT APEX SERIES
Everest Fund .64% of the current value of the net assets.
Nasdaq-100 Index Fund .35% of the current value of the net assets.
Bond Fund .47% of the current value of the net assets.
Short-term Government Fund .45% of the current value of the net assets.
High Yield Bond Fund .65% of the current value of the net assets.
Money Market Fund .35% of the current value of the net assets.
Large Cap Growth Fund .75% of the current value of the net assets.
SUMMIT PINNACLE SERIES
S&P 500 Index Portfolio .25% of the current value of the net assets.
S&P MidCap 400 Index Portfolio .30% of the current value of the net assets.
Xxxxxxx 2000 Small Cap Index
Portfolio .35% of the current value of the net assets.
Nasdaq-100 Index Portfolio .35% of the current value of the net assets.
EAFE International Index
Portfolio .56% of the current value of the net assets.
Balanced Index Portfolio .30% of the current value of the net assets.
Xxxxxx Aggregate Bond Index
Portfolio .30% of the current value of the net assets.
Zenith Portfolio .64% of the current value of the net assets.
Bond Portfolio .47% of the current value of the net assets.
Inflation Protected Plus Portfolio .50% of the current value of the net assets.
Lifestyle ETF Market Strategy
Target Portfolio .55% of the current value of the net assets.
Lifestyle ETF Market Strategy
Conservative Portfolio .55% of the current value of the net assets.
Lifestyle ETF Market Strategy
Aggressive Portfolio .55% of the current value of the net assets.
Natural Resources Portfolio .55% of the current value of the net assets.
EXPENSE LIMITATIONS
SUMMIT APEX SERIES
The Adviser will pay Total Annual Fund Operating Expenses in excess of: .65%
for the Nasdaq-100 Index Fund Class I, .90% for the Nasdaq-100 Index Fund
Class A, .73% for the Short-term Government Fund Class I, .98% for the Short-
term Government Fund Class A, and .45% for the Money Market Fund.
Also, the Adviser has voluntarily agreed to waive its fees and/or reimburse
expenses, to the extent necessary, to limit Total Annual Fund Operating
Expenses to 1.10% of average daily net assets of the Large Cap Growth Fund
Class I and 1.35% of average daily net assets of the Large Cap Growth Fund
Class A until December 31, 2007.
SUMMIT PINNACLE SERIES
The Adviser will pay Total Annual Fund Operating Expenses in excess of: .75%
for the Xxxxxxx 2000 Small Cap Index Portfolio Class I, .95% for the Xxxxxxx
2000 Small Cap Index Portfolio Class F, .65% for the Nasdaq-100 Index
Portfolio, 1.25% for the EAFE International Index Portfolio, and 60% for the
S&P 500 Index Portfolio, S&P MidCap 400 Index Portfolio, Balanced Index
Portfolio and Xxxxxx Aggregate Bond Index Portfolio.
The Adviser will also pay Total Annual Fund Operating Expenses, exclusive of
Acquired Fund fees and expenses, in excess of: .75% for the Inflation
Protected Plus Portfolio, Lifestyle ETF Market Strategy Target Portfolio,
Lifestyle ETF Market Strategy Conservative Portfolio, Lifestyle ETF Market
Strategy Aggressive Portfolio and Natural Resources Portfolio.
1/07
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