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Highmark Funds Expands National Presence With Key East Coast Hires


For Immediate Release


Contacts:
Jane Yedinak
(415) 765-3241 
jane.yedinak@unionbank.com

Joanne Curran
(213) 236-5017 
joanne.curran@unionbank.com


Industry Veterans Michael Carroll and William Oliveira Join as Regional Sales Directors

SAN FRANCISCO, February 2, 2011 – HighMark Funds, a member of Mitsubishi UFJ Financial Group, today announced that industry veterans Michael Carroll and William Oliveira have joined the company as regional sales directors. HighMark Funds offers a wide range of mutual funds including fixed income, domestic and international equity funds, as well as asset allocation portfolios.

In a newly created position, Carroll will lead sales efforts in the New York metro area including New York City and Long Island, while Oliveira, based in Boston, will direct sales for the New England region. Both sales directors will be responsible for building relationships and growing assets in their respective territories and will report to HighMark Funds Managing Director Kevin Rowell.

"Will and Mike are high-caliber sales veterans and will have an immediate and significant impact as HighMark continues to expand its national network," said Rowell. "Each has deep contacts and I am confident they will be effective champions for HighMark in their territories. I am so pleased to have them both join our team."

Prior to joining HighMark Funds, Carroll held positions in asset management with Merrill Lynch, Strong Capital Management, Central Park Group, and Kemper Funds.  His experience spans mutual funds, private equity and hedge funds.  Carroll earned a Bachelor of Science degree from the University of Cincinnati.  He is a member of the Investment Management Consultants Association and is a certified investment management analyst.

Oliveira previously served as a vice president and regional sales director at First American Funds. Before joining First American, he was a vice president at ValueWorks LLC, and held positions with Smith Barney and Federated Investments. Oliveira holds a Bachelor of Science degree from SUNY College at Brockport.

 About HighMark Funds 

HighMark Funds (www.highmarkfunds.com) is 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.

HighMark Funds is a recent winner of Lipper Fund Awards 2010, ranking #1 in the following two categories:
  • Best California Intermediate Municipal Debt Fund over Three Years:
    HighMark California Intermediate Tax-Free Bond Fund: Fiduciary Ranked #1 out of 39 eligible funds, based on risk adjusted returns
  • Best California Intermediate Municipal Debt Fund over Five Years:
    HighMark California Intermediate Tax-Free Bond Fund; Fiduciary Ranked #1 out of 37 eligible funds, based on risk adjusted returns


About HighMark Capital Management, Inc.

HighMark Capital Management, Inc. (HCM) is a registered investment adviser, with more than 90 years of institutional money management experience. HCM is a proud member of Mitsubishi UFJ Financial Group, the 7th largest global financial organization in the world. HCM is also the adviser to the HighMark Funds, a nationally recognized fund company. HCM is committed to helping clients achieve their long-term financial goals by providing high quality, competitive products and services utilizing both its seasoned in-house managers and select institutional
sub-advisers who are leaders in their field. Its funds utilize disciplined investment processes with the goal of delivering consistent long-term investment performance.

HighMark Funds Distributors, Inc., an affiliate of BNY Mellon Distributors Inc., is the principal underwriter of HighMark Funds. 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.

Mutual fund investing involves risk, including possible loss of principal. HighMark Funds Distributors, Inc., an affiliate of  BNY Mellon Distributors Inc., 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.

Carefully consider the Funds' investment objectives, risk, and 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.

For the Best California Intermediate Municipal Debt Fund the three-year risk adjusted performance is out of 39 eligible funds, and the five-year risk adjusted performance is out of 37 funds in those categories for the period ending December 31, 2009.

Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 36, 60, and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or ten years. For a detailed explanation please review the Lipper Leaders methodology document on www.lipperweb.com.

Fund classification awards are given to the company that has the day-to-day responsibility of investing and monitoring the assets under management within the fund portfolio in order to achieve the investment objectives of the fund. This company is also referred as portfolio management company or investment advisor. The award goes to the fund management company in case that no such company has been appointed or several such companies share the task.