HighMark Capital Management Adds Another Fund To Raymond James’ “Highly Recommended” List

HighMark Capital Management, Inc., the investment adviser of HighMark Funds, today announced the addition of HighMark’s Geneva Mid Cap Growth Fund to Raymond James’ “Highly Recommended” list.

“We are proud to have another HighMark Fund, the HighMark Geneva Mid Cap Growth Fund, added to Raymond James’ 'Highly Recommended' list,” said HighMark Capital Management’s Managing Director Kevin Rowell. “The Fund is managed by highly-skilled portfolio managers and has generated an impressive track record for more than ten years.”

In late 2011, HighMark announced the addition of the HighMark Short Term Bond Fund to Raymond James’ “Highly Recommended” list. “In the new environment of asset managers, HighMark has proven itself highly competitive at attaining recommended status for two Funds at one of the nation’s leading independent broker dealers,” added Rowell.

The HighMark Geneva Mid Cap Growth Fund, rated 5 stars by Morningstar as of 3/31/2012 (Overall Rating out of 662 Mid Cap Growth Funds, based on Risk-Adjusted Returns*) has a strict mid cap focus and invests in high-quality names. The Fund has broad exposure across market sectors and has outperformed its benchmark, the Russell Midcap Growth Index as well as the S&P 500 Index for the past 10 years**.

HighMark is committed to helping clients achieve their long-term financial goals by providing high-quality, competitive products and services, utilizing both seasoned in-house managers and select institutional sub-advisers who are leaders in their field. Their funds utilize disciplined investment processes with the goal of delivering the opportunity for consistent long-term investment performance.

Mutual fund investing involves risk, including possible loss of principal. The Mid Cap Growth Fund invests in securities of mid-capitalization companies that may be more volatile and less liquid than investments made in larger more established companies. The Funds may also invest in exchange traded funds in which investors bear the extra costs of the underlying ETF funds.

About HighMark Capital Management, Inc.

San Francisco-based HighMark Capital Management, Inc. (HCM), is a registered investment adviser, and a proud member of Mitsubishi UFJ Financial Group Inc. (MUFG, NYSE:MTU), one of the world’s largest financial organizations.

HCM is a wholly-owned subsidiary of Union Bank, N.A. Union Bank, N.A. is wholly owned by UnionBanCal Corporation. UnionBanCal Corporation is wholly-owned by The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a wholly-owned subsidiary of Mitsubishi UFJ Financial Group,

HCM is also the adviser to the HighMark Funds, a nationally recognized fund company offering a wide range of mutual funds including fixed income funds, domestic and international equity funds, conservatively managed money market funds and asset allocation portfolios. For more information on HighMark Fund’s family of mutual funds and services, please visit www.highmarkfunds.com. HighMark Capital Management can be found on the Web at www.highmarkcapital.com.

HighMark Funds Distributors, LLC, an affiliate of Foreside Funds Distributors LLC is the principal underwriter of the HighMark Funds. HighMark Capital Management, Inc., a registered investment adviser, is a wholly owned subsidiary of Union Bank, N.A., and serves as an investment adviser for 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.

* The HighMark Geneva Mid Cap Growth Fund – Class F Shares was rated against the following numbers of Mid-Cap Growth funds over the following time periods: 662 funds in the last three years, 595 funds in the last five years, and 424 funds in the last 10 years. This Fund received a Morningstar Rating of 4 stars for the three-year period, and 5 stars for the five and ten-year periods respectively. Past performance is no guarantee of future results. Morningstar Rating is for the Fiduciary share class only; other classes may have different performance characteristics. For each fund with at least a three year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund’s monthly performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a mutual fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

©2011 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

**Performance as of 3/31/2012
            1 Year     5 Year     10 Year
HighMark Geneva Mid Cap Growth Fund (Fiduciary Shares at NAV)           9.01%     7.73%     8.09%
Russell Mid Cap Growth Index           4.43%     4.44%     6.92%
S & P 500 Index           8.54%     2.01%     4.12%

The performance quoted herein represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost, and current performance may be higher or lower than the performance quoted. For performance data current to the most recent month end, please call 800.433.6884 or visit us at highmarkfunds.com.

The inception date of the Fund's Fiduciary (Class F) Shares is 6/26/2009. The performance presented for Class F Shares reflects the performance of the Fund's Class A Shares from 6/8/2009 to 6/26/2009, and the performance of Class A Shares of a predecessor fund for the period prior to 6/8/2009, when the predecessor fund was reorganized into the Fund.

The Fund's annual Gross Operating Expense Ratio, as stated in the current prospectus is 1.29%. The Net Expense ratio is 1.13%. The Fund's Adviser has contractually agreed to waive fees or reimburse expenses until November 30, 2012. Please see the prospectus for details on fees and expenses.

Carefully consider the Funds' investment objectives, risks, charges and expenses. This and other information can be found in the Funds' prospectus, which may be obtained by calling 1.800.433.6884 or by visiting www.highmarkfunds.com . Read the prospectus carefully before investing.

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