EX-99.ADVISOR LTR AG 4 advisorltragmt.txt EXHIBIT 23(D)(VII) UNDER FORM N-1A EXHIBIT 10(D) UNDER ITEM 601/REG. S-K INVESTMENT ADVISORY CONTRACT LETTER AGREEMENT Huntington Asset Advisors, Inc. 41 South High Street Columbus, OH 43287 June 23, 2006 The Huntington Funds 41 South High Street Columbus, OH 43287 Dear Sirs: Under the Investment Advisory Contract between Huntington Asset Advisors, Inc. (the "Adviser") and The Huntington Funds (the "Trust"), dated June 23, 2006, 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 June 23, 2006 through April 30, 2007. Huntington VA Dividend Capture Fund Huntington VA Mid Corp America Fund Huntington VA Growth Fund Huntington VA Mortgage Securities Fund Huntington VA Income Equity Fund Huntington VA New Economy Fund Huntington VA International Equity Fund Huntington VA Rotating Markets Fund Huntington VA Macro 100 Fund Huntington VA Situs Small Cap 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. Randolph Bateman Name: B. Randolph Bateman Title: President ACCEPTED: THE HUNTINGTON FUNDS By: /s/ Christopher E. Sabato Name: Christopher E. Sabato Title: Treasurer