Rainier Large Cap Equity Fund, Original Shares (RIMEX)
Rainier Large Cap Equity Fund, Institutional Shares (RAIEX)
On June 1, 2017, the Board of Trustees of the Rainier Investment Management Mutual Funds approved a proposal that would reorganize the Rainier Large Cap Equity Fund (“the Fund”) into the Hennessy Cornerstone Large Cap Growth Fund. Hennessy Advisors, Inc. is the investment adviser of the Hennessy Cornerstone Large Cap Growth Fund.
At a Special Meeting held on November 16, 2017, shareholders of the Fund voted in favor of the reorganization. Effective December 4, 2017, shareholders of the Fund became shareholders of the Hennessy Cornerstone Large Growth Fund.
The Large Cap Equity Fund seeks to maximize long-term capital appreciation. The Fund invests in a diversified portfolio of common stocks of U.S. companies. Rainier selects investments from companies of all sizes. Highly speculative or illiquid stocks are not candidates for the Fund. Risk control is an important element in the construction of the Fund. To control risk, extreme overweighting or underweighting of the Fund relative to the S&P 500®
or Russell 1000®
Index is normally avoided. To thoroughly diversify, the Fund consists of 50 to 100 different stocks, each making up a relatively small portion of the Fund.
Rainier employs a Growth at a Reasonable Price (GARP) investment philosophy in the management of the Fund. The GARP approach provides an opportunity to invest in companies with superior earnings growth whose equities are selling at attractive valuations.
Available Investment Vehicles
||Mutual Fund - Original
||Mutual Fund - Institutional|
|Gross Expense Ratio
|Net Expense Ratio
|Minimum through Schwab and Fidelity