INVESTMENT MANAGER AGREEMENT
AGREEMENT made as of June 30, 2003 by and between CCM Advisors, LLC, a limited liability company organized under the laws of the state of Delaware (the "Adviser") and Cambiar Investors, LLC, a company organized under the laws of Delaware (the "Investment Manager"), on behalf of the AHA Balanced Fund (the "Fund"), a series of the AHA Investment Funds, Inc. (the "Company"):
WHEREAS, the Company is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act");
WHEREAS, the Company issues shares in the Fund (the "Shares") registered under the 1940 Act pursuant to a registration statement filed with the Securities and Exchange Commission (the "SEC"), as amended from time to time (the "Registration Statement");
WHEREAS, the Investment Manager is an investment adviser registered under the Investment Advisers Act of 1940, as amended (the "Advisers Act") and has filed notification filings under all applicable state securities laws;
WHEREAS, the Adviser is employed by the Company to act as investment adviser for and to manage, or arrange for the management of, the investment and reinvestment of the assets of the Fund, to the extent requested by and subject to the supervision and control of, the Board of Directors of the Company (the "Board");
WHEREAS, the Company and the Adviser desire to retain the Investment Manager to render investment advisory services to the Fund; and
WHEREAS, the Investment Manager is willing to provide investment advisory services to the Fund, in the manner and on the terms and conditions set forth below;
NOW, THEREFORE, in consideration of their mutual promises, the Adviser and the Investment Manager agree as follows:
Employment of Investment Manager
1.1 The Adviser hereby employs the Investment Manager to manage the investment and reinvestment of the assets of the Fund, to the extent requested by and subject to the supervision and control of, the Adviser and the Board for the period and upon the terms herein set forth.
1.2 The Investment Manager accepts such employment and agrees during such period at its own expense to render such services, and to assume the obligations herein set forth for the compensation herein provided.