Summit Mutual Funds is an open-end management investment company (mutual funds) managed by Summit Investment Partners. These funds include award-winning fixed income funds* and our large cap value fund, the Summit Everest Fund Class I that Lipper ranked 24th, which is in the top quartile of its Large Cap Value peer group based on total return among 204 funds since inception for the period ended March 31, 2008.
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Please refer to the prospectus for important information about the investment company including investment objectives, risks, charges and expenses. You may also obtain a prospectus by calling 888-259-7565. The prospectus should be read carefully before you invest or send money.
Mutual fund investing involves risk. Loss of principal is possible. The funds invest in debt securities. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments by the Summit High Yield Bond Fund and the Summit Bond Fund in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities.
* Summit’s Bond Fund, High Yield Bond Fund and Short-Term Government Fund received the Lipper Fund Award for Best Fixed Income Family, which is for the three-year, risk-adjusted performance among 79 eligible small fund companies, for the period ended December 31, 2006. Lipper determined the fund group award winners by averaging the decile rank of the three-year Consistent Return scores for all of the firm’s funds within the asset class, and the eligible group with the lowest average decile rank received the award for that asset class. In case of a tie, the group with the lower average percentile rank received the award. Small fund groups with at least three distinct bond portfolios that received Consistent Return scores as of Dec. 31, 2006, were eligible for the Best Fixed Income Fund Family group award.
Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. Each Lipper average represents a universe of Funds with similar investment objectives. Rankings for the periods shown are based on total returns with dividends and distributions reinvested and do not reflect sales charges. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Past performance is not a guarantee of future results.
| As of 03/31/08 |
Inception
Date |
One
Year |
Three
Year |
Five
Year |
Since
Inception |
| Everest Class I |
12/28/99 |
324 out of
536 funds |
163 of
463unds |
64 of
381 funds |
24 out of
204 funds |
| Everest Class A |
07/01/02 |
338 out of
536 funds |
189 out of
463 funds |
81 out of
381 funds |
N/A |
Summit Mutual Funds Public Series are distributed by Quasar Distributors, LLC. Summit Mutual Funds Pinnacle Series are distributed by Ameritas Investment Corp, member SIPC.
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