Latest News

8/5/2009 News From Rainier

Rainier is pleased to announce new initial investment minimums for the Rainier Funds. The initial investment for the Original Shares has been lowered to $2,500 and to $100,000 for the Institutional Shares. Our goal is to offer greater access to our Funds as we continue to provide our shareholders with the highest level of service.

5/13/2009 News From Rainier

On May 13, 2009, Moody’s Investor Services lowered its rating for Sallie Mae bonds (“SLM Bonds”) from “Baa2” to "Ba1”, which is considered below investment grade. Moody’s based its downgrade on concerns about decreased cash flow resulting from anticipated reductions in government subsidies for student loans. The other widely-utilized rating agencies, S&P and Fitch, have not downgraded the SLM Bonds and currently rate them BBB- and BBB respectively (investment grade).

As of 3/31/09, the Balanced Portfolio (RIMBX) held 1.23% and the Intermediate Fixed Income Portfolio (RIMFX) held 1.78% of SLM Bonds. Rainier’s current strategy is to continue to hold the SLM Bonds in an attempt to maximize their value while continuing to monitor the situation as events develop. Our rationale for continuing to hold the SLM bonds is based on the cash flow and liquidity available to Sallie Mae to repay the debt.

We will continue to monitor the market and status of the Administration’s 2010 proposed budget changes for effects on Sallie Mae and adjust our strategy prudently.

Fund holdings are subject to change at any time and should not be considered recommendations to buy or sell any security. Current and future portfolio holdings are subject to risk.

4/2/2009 News From Rainier

We are pleased to announce the Rainier Funds have been recognized by Lipper, Inc. as the 2009 Best Equity Small Fund Group. This award is based on the three year, risk adjusted performance for the period ended December 31, 2008. There were 169 Small Equity Fund Families in this category. Please click here to read more.