Rainier Mid Cap Overview

Objective

The Mid Cap Equity Strategy seeks to maximize long-term capital appreciation. In pursuing its goal, the Strategy invests primarily in the common stocks of mid-capitalization U.S. companies. The mid-capitalization company has a market capitalization, at the time of purchase, within the range of companies included in the Russell Midcap^® Index. Highly speculative or illiquid stocks are not candidates for the Strategy. To control risk, extreme overweighting or underweighting of the Strategy relative to the Russell Midcap Index is normally avoided. The strategy will normally invest in approximately 75 to 150 companies.

Rainier employs a Growth at a Reasonable Price (GARP) investment philosophy in the management of the strategy. The GARP approach provides an opportunity to invest in companies with superior earnings growth whose equities are selling at attractive valuations.

Market Cap Range

Represents the approximate investable universe.
Construction Benchmark: Russell Midcap^® Index

Weighted Average Market Cap as of 6/30/2010

$6.3 Billion

Median Market Cap

$4.3 Billion

Benchmarks

Russell Midcap^® Index, Russell Midcap^® Growth Index

Available Investment Vehicles

	Mutual Fund - Original	Mutual Fund - Institutional	Separate Account
Vehicle Name	Mid Cap Equity Portfolio	Mid Cap Equity Portfolio	Mid Cap Equity
Inception Date	12/27/2005	12/27/2005	12/27/2005
Symbol	RIMMX	RAIMX	N/A
Sales Load	N/A	N/A	N/A
12b-1 Fees	0.25%	0.00%	N/A
Fee Schedule	N/A	N/A	Please contact a client service representative
Minimum Investment	$2,500	$100,000	$15,000,000
Minimum through Schwab and Fidelity	$2,500	$100,000	N/A
Custodian and Trustee	N/A	N/A	N/A