Exhibit 23(d)(iii) under Form N-1A
Exhibit 10 under Item 601/Reg. S-K
INVESTMENT ADVISORY CONTRACT
LETTER AGREEMENT
Huntington Asset Advisors, Inc.
00 Xxxxx Xxxx Xxxxxx
Xxxxxxxx, XX 00000
February 14, 2003
Huntington VA Funds
00 Xxxxx Xxxx Xxxxxx
Xxxxxxxx, XX 00000
Dear Sirs:
Under the Investment Advisory Contract between Huntington Asset
Advisors, Inc. (the "Advisor") and Huntington VA Funds (the "Trust"),
dated May 12, 2001, the Adviser agrees to contractually waive all or a
portion of its investment advisory fee (based on average daily net assets)
to which it is otherwise entitled to receive from the Funds listed below
and/or to reimburse certain operating expenses of the Funds in order to
limit each Fund's total operating expenses to not more than 1.00% of the
Fund's average daily net assets, for the period starting January 1, 2003
through April 30, 2004.
Huntington VA Growth Fund
Huntington VA Income Equity Fund
Huntington VA Rotating Index Fund
Xxxxxxxxxx VA Dividend Capture Fund
Huntington VA Mid Corp America Fund
Huntington VA New Economy Fund
If the foregoing correctly sets forth the agreement between
the Trust and the Adviser, please so indicate by signing and returning to
the Trust the enclosed copy hereof. This may be executed in counterpart.
Very truly yours,
HUNTINGTON ASSET ADVISORS, INC.
By: /s/ B/ Xxxxxxxx Xxxxxxx
Name: X. Xxxxxxxx Xxxxxxx
Title: Senior Vice President
ACCEPTED:
HUNTINGTON VA FUNDS
By: /s/ Xxxxx Xxxxxx
Name: Xxxxx Xxxxxx
Title: Treasurer
