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    Rainier High Yield Institutional (RAIHX)

    11.81 Up 0.01(0.08%) May 22

    Profile as of Apr 29, 2015Get Profile for:
    Rainier High Yield Institutional
    Rainier Investment Mgt Mutual Funds601 Union Street Suite 2801Seattle, WA 98101
    Map
    Phone: 800-248-6314
    Fund Overview 
    Category:High Yield Bond
    Fund Family:Rainier
    Net Assets:55.04M
    Year-to-Date Return:3.93%
    Yield:5.52%
    Morningstar Rating:4 stars
    Fund Inception Date:Mar 31, 2009
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box
    Management Information 
    Matthew R. Kennedy
    Lead Manager since Mar 31, 2009
    Matthew Kennedy is the Director of Rainier Investment Management’s fixed-income management team, and serves as a portfolio manager and analyst. He began his investment career in 1995 with GE Financial Assurance in Seattle. During his years at GE Financial Assurance, he served as a senior analyst and made investment recommendations for Investment Grade, High Yield and Private Placement Portfolios. From 1991 through 1994, Matthew was a CPA and auditor with Deloitte & Touche in Seattle. Matthew holds the Chartered Financial Analyst designation. He received his Bachelor of Arts degree in Business Administration, with specializations in Finance and Accounting, from Washington State University. He is a member of the CFA Institute and the Seattle Society of Financial Analysts.
    Investment Information 
    Min Initial Investment:100,000
    Min Initial Investment, IRA:100,000
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:1,000
    Min Subsequent Investment, IRA:N/A
    Min Subsequent Investment, AIP:N/A
    RAIHX can be purchased from 15 brokerages.

    Fund Summary 
    The investment seeks to earn a high level of current income; capital appreciation is a secondary objective. In pursuing its goal, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in below investment grade bonds of corporate issuers. These "high yield" securities, also called "junk bonds," will generally be rated BB or lower by Standard & Poor's Rating Group ("S&P") or will be of equivalent quality rating from another Nationally Recognized Statistical Ratings Organization.

    Fund Operations 
    Last Dividend (Apr 29, 2015) : 0.05
    Last Cap Gain : 0.00
    Annual Holdings Turnover (May 20, 2015) : 28.71%
    Average for Category:72.33%
    Fees & Expenses 
    ExpenseRAIHXCategory Avg
    Annual Report Expense Ratio (net):0.65%1.07%
    Prospectus Net Expense Ratio:0.65%N/A
    Prospectus Gross Expense Ratio:0.75%N/A
    Max 12b1 Fee:0.00%N/A
    Max Front End Sales Load:N/A4.13%
    Max Deferred Sales Load: N/A2.09%
    3 Yr Expense Projection*:230514
    5 Yr Expense Projection*:407751
    10 Yr Expense Projection*:9211,519
    * Per $10,000 invested