Summit Investment Management: Investment Process

5000+ Common Stock Database
Screen by Market Cap, Liquidity, Balance Sheet Strength

All Cap Core Universe 1000 Stocks ($1.0 billion and higher)	Large Cap Core Universe 480 Stocks ($7.0 billion and higher)

Multi-Factor, Bottom Up Quantitative Model
Quantitative Factors Include Profit Margin Momentum Valuation Models Reward/Risk Parameters Stock/Industry Price Momentum	Bottom Up Selection Process All stocks equally weighed No Sector Minimums or Maximums Rebalanced Periodically Includes ADRs

All Cap 50 & 100 Model Portfolio 50 or 100 Stocks 1% or 2% each	Large Cap Core Model Portfolio 50 Stocks 2% each

Client portfolios are electronically linked to the model portfolio(s) selected. Platform provides for the ownership of fractional shares, near identical portfolios and investment returns. Custodian provides web-based performance calculations, appraisals, portfolio characteristics and tax accounting.

Portfolio Returns vs. Benchmarks Thru 3/31/07
(average annual compound rates after fees)
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Summit's Highly Disciplined Investment Process