Investors may not be aware of the potential benefits of including midcap stocks in their portfolios. Mid-caps are companies, typically between $1 and $5 billion in market capitalization, that don't always elicit the attention commonly bestowed upon their larger and smaller siblings.

Mid-cap companies have a better opportunity to navigate their start up years as compared to their smaller counterparts. This is due to the fact that they generally have products and managers with proven track records, and usually have greater access to capital markets—better enabling them to finance their own growth. On average, mid-sized companies have some of the enhanced growth potential of smaller stocks, while being less volatile.

Investing in mid-caps may make sense because they provide the opportunity for both small-cap growth along with large-cap stability.

Mutual fund investing involves risk, including possible loss of principal. Investors should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. This and other information can be found in the Funds' prospectus, which may be obtained by calling 800.455.5609 or by visiting www.highmarkfunds.com. Please read the prospectus carefully before investing.

RISK CONSIDERATIONS
Investing in mid-capitalization companies may be subject to more risk including more volatility and less liquidtity than more established large-cap companies. HighMark Funds Distributors, LLC, an affi liate of Foreside Funds Distributors LLC is the principal underwriter of HighMark Funds. Union Bank, N.A., a subsidiary of UnionBanCal Corporation, provides certain services to the Funds and is compensated for these services. NO BANK GUARANTEE, NOT FDIC INSURED, MAY LOSE VALUE. There is no guarantee that the Funds will meet their stated objectives. Standard deviation is the annual rate of return of an investment to measure the investment's volatility. A higher deviation number means higher risk.