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 Hennessey Cornerstone Large Cap Growth Fund. Hennessey Fund Advisors, Inc. is the investment adviser of the Hennessey Cornerstone Large Cap Growth Fund.
Completion of the proposed reorganization is subject to approval by the shareholders of the Fund. Proxy materials were mailed on July 21, 2017 for the Shareholder meeting to be held on September 14, 2017. Please click here for the Shareholder letter and proxy material which describes the proposed transaction in more detail and the rationale for the Board’s approval.
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