An Underutilized and Misunderstood Asset Class

We believe that adding international small cap stocks to a broader portfolio may help dampen volatility and boost long-term performance.

 

See below for most recent performance.

Download the product spotlight to learn more about this underutilized, but opportunistic solution

Investment Objective

To provide investors with long-term capital appreciation by investing primarily in the common stock of small- to mid-capitalization companies located outside the U.S.

Investment Strategy

The Series is primarily invested in the common stock of small- and mid-capitalization companies traded outside the U.S. Rainier typically selects investments that fall within the market capitalization range of the MSCI ACWI ex USA Small Cap Index at the time of purchase. The Team will invest in any type of company whether it is in the index or not, as long as it is within the market cap range and fits the investment objectives. To control risk, extreme overweighting or underweighting of the Series relative to the Index is normally avoided.

Investment decisions are based on fundamental analysis, which emphasizes bottom-up stock selection of companies that exhibit strong growth, clear key earnings drivers and attractive valuations. The investment team evaluates companies across all sectors and regions using this growth and valuation criteria.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept the risk of investing in foreign equity securities
  • Seeking to diversify a portfolio by adding a foreign equity component

Daily Price

$19.97

Daily $ Change

-$0.09

Daily % Change

-0.45%

as of 04/18/2019

Ticker

RISAX

CUSIP

56382R670

Inception Date

11/30/2012

Investment Minimum

$2,000.00

Prior to 03/01/2019, the Class S shares were designated as the Class K shares. Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms

Performance

As of 03/31/2019

YTD

11.07%

1 Year

-11.71%

3 Year

6.92%

5 Year

5.70%

10 Year

---

Inception
(03/28/2012)

11.10%

Market Cycle

---

For periods prior to 08/21/2017, performance for Class S is based on the historical performance of the Class A Shares of the Rainier International Discovery Fund (Predecessor Fund) Class A Shares, which was managed by Rainier Investment Management, LLC and reorganized into the Manning & Napier Fund, Inc. Rainier International Discovery Series Class S on 08/21/2017. Performance prior to 11/30/2012 is based on the historical performance of the Predecessor Fund’s Institutional Shares and adjusted for the Predecessor Fund’s Class A Shares expenses. If the sales charges were reflected or if performance had been adjusted to reflect the Class S Shares’ expenses, the performance would have been different depending on total expenses incurred by the Predecessor Fund. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. 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. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.44%
Net 1.41%*

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 03/31/2019

ROYAL UNIBREW 3.33%
TECHTRONIC INDUSTRIES CO LTD 3.18%
NEMETSCHEK SE 3.02%
CHR HANSEN HOLDING A/S 2.85%
FINECOBANK SPA 2.82%
CAE INC 2.79%
TELEPERFORMANCE 2.76%
DECHRA PHARMACEUTICALS PLC 2.70%
KORIAN 2.69%
CARL ZEISS MEDITEC AG - BR 2.41%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 03/31/2019

Communication Services 2.72%
Consumer Discretionary 12.58%
Consumer Staples 6.98%
Financials 12.30%
Health Care 25.12%
Industrials 22.39%
Information Technology 13.41%
Materials 3.37%
Real Estate 1.13%

Country Allocation

As of 03/31/2019

Germany 11.98%
Denmark 10.71%
Japan 10.69%
France 9.84%
United Kingdom 8.83%
Italy 8.75%
Thailand 5.35%
India 4.69%
Canada 3.80%
Indonesia 3.22%
Hong Kong 3.18%
Australia 2.16%
Sweden 2.15%
Netherlands 1.90%
Switzerland 1.62%
Philippines 1.54%
South Korea 1.41%
Malaysia 1.30%
China 1.23%
Poland 1.18%
Brazil 1.06%
Israel 1.06%
Norway 0.90%
New Zealand 0.82%
Turkey 0.36%
Mexico 0.27%

March Fund Holdings

As of 03/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
0309644 ELECTROCOMPONENTS PLC GB ECM LN 686,070 $5,024,479.37
0405207 HALMA PLC GB HLMA LN 276,185 $6,021,401.72
0557681 HOWDEN JOINERY GROUP INC GB HWDN LN 332,130 $2,101,184.90
06684L103 BAOZUN INC-SPN ADR CN BZUN 63,390 $2,633,220.60
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 313,695 $11,037,717.18
2162760 CAE INC CA CAE CN 514,810 $11,406,835.11
262006208 DREYFUS GVT CSH MANAGEMENT US 33,889,142.35 $33,889,142.35
316827104 51JOB INC - ADR CN JOBS 30,845 $2,402,208.60
4018786 CELLAVISION AB SE CEVI SS 88,865 $2,670,113.62
4612757 OC OERLIKON CORP AG-REG CH OERL SW 122,425 $1,568,057.27
4713490 ROCKWOOL INTL A/S- B SHS DK ROCKB DC 8,570 $2,009,775.09
4730875 TOMRA SYSTEMS ASA NO TOM NO 123,050 $3,668,312.71
4907732 ALTRAN TECHNOLOGIES SA FR ALT FP 397,415 $4,364,775.43
5161407 INTERPUMP GROUP SPA IT IP IM 153,365 $5,009,415.02
5263574 FLSMIDTH & CO A/S DK FLS DC 41,965 $1,814,664.20
5633962 NEMETSCHEK SE DE NEM GR 72,260 $12,347,752.91
5843329 SARTORIUS AG-VORZUG DE SRT3 GR 26,510 $4,555,962.82
5910609 RATIONAL AG DE RAA GR 7,135 $4,408,955.14
5922961 CARL ZEISS MEDITEC AG - BR DE AFX GR 117,870 $9,850,563.66
5999330 TELEPERFORMANCE FR TEP FP 62,835 $11,295,703.72
6036548 NET ONE SYSTEMS CO LTD JP 7518 JP 229,700 $5,808,680.81
6161525 RYMAN HEALTHCARE LTD NZ RYM NZ 400,913 $3,347,470.25
6188193 MALAYSIA AIRPORTS HLDGS BHD MY MAHB MK 1,806,900 $3,209,589.94
6250025 DAIFUKU CO LTD JP 6383 JP 162,000 $8,474,101.12
6283979 INDOFOOD SUKSES MAKMUR TBK P ID INDF IJ 6,574,000 $2,945,043.34
6373632 PRESTIGE INTERNATIONAL INC JP 4290 JP 22,404 $282,148.91
6430139 LEENO INDUSTRIAL INC KR 53,910 $2,839,252.58
6455819 INTL CONTAINER TERM SVCS INC PH ICT PM 1,336,720 $3,327,162.52
6561330 KRUNGTHAI CARD PCL NVDR TH KTC-R TB 6,187,200 $6,886,877.66
6565031 TAKEUCHI MFG CO LTD JP 6432 JP 149,900 $2,650,257.32
6688080 PIGEON CORP JP 7956 JP 138,700 $5,690,689.93
6739739 SANDFIRE RESROUCES NL AU SFR AU 427,760 $2,102,446.09
7339451 ORPEA SA FR ORP FP 59,575 $7,153,344.59
7391763 SIEGFRIED HOLDING AG-REG CH SFZN SW 3,040 $1,091,886.21
B018C06 MINOR INTERNATIONAL PCL TH MINT TB 1,504,246 $1,849,537.36
B018C28 MINOR INTERNATIONAL PCL-NVDR TH MINT-R TB 2,374,154 $2,919,127.94
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 1,931,500 $13,007,978.01
B019MQ5 ASAHI INTECC CO LTD JP 7747 JP 159,100 $7,492,765.45
B05L892 TOP GLOVE CORP BHD MY TOPG MK 1,862,700 $2,111,019.24
B0D0006 BIM BIRLESIK MAGAZALAR AS TR BIMAS TI 108,685 $1,485,390.91
B0VL7C2 ALK-ABELLO A/S DK ALKB DC 21,145 $3,501,844.69
B14NJ71 AMPLIFON SPA IT AMP IM 196,754 $3,839,723.19
B1DN466 NIHON M&A CENTER INC JP 2127 JP 160,500 $4,411,501.89
B1HKRM0 KORIAN FR KORI FP 271,755 $11,004,803.87
B1JTY91 XING SE DE O1BC GR 19,487 $6,743,700.78
B1VN5T8 BIOTAGE AB SE BIOT SS 209,330 $2,668,021.03
B1WF979 NANOSONICS LTD AU NAN AU 781,190 $2,425,381.54
B1Y6V63 GRUPPO MUTUIONLINE SPA IT MOL IM 148,595 $3,077,046.31
B234WN9 DIASORIN SPA IT DIA IM 71,775 $7,239,369.20
B39Q399 KOH YOUNG TECHNOLOGY INC KR 39,070 $2,948,044.37
B3CY709 PERSOL HOLDINGS CO LTD JP 2181 JP 153,300 $2,489,347.17
B3KFW10 TISCO FINANCIAL GROUP-NVDR TH TISCO-R TB 1,319,400 $3,674,407.68
B3L0Q89 TISCO FINANCIAL GROUP PCL TH TISCO TB 1,282,900 $3,572,758.54
B3PQXL5 ANICOM HOLDINGS INC JP 8715 JP 74,200 $2,012,250.43
B548673 BANK TABUNGAN NEGARA PERSERO ID BBTN IJ 17,374,800 $2,987,300.11
B573M11 CHR HANSEN HOLDING A/S DK CHR DC 115,055 $11,678,545.87
B677469 ABCAM PLC GB ABC LN 569,680 $8,433,532.99
B7JW351 ACE HARDWARE INDONESIA ID ACES IJ 57,938,000 $7,246,520.03
B86SZR5 ALS LTD AU ALQ AU 796,195 $4,302,639.82
B8K9X70 GRAND CITY PROPERTIES DE GYC GR 191,010 $4,612,912.50
BBCR9N1 SIMCORP A/S DK SIM DC 50,815 $4,909,521.82
BD0F6Q3 V-GUARD INDUSTRIES LTD IN VGRD IN 1,073,925 $3,446,622.56
BD0YVN2 DINO POLSKA SA PL DNP PW 152,819 $4,811,069.58
BD3RVD8 L&T TECHNOLOGY SERVICES IN LTTS IN 258,880 $5,872,367.16
BD97240 SOLASTO CORP JP 6197 JP 391,145 $4,421,066.08
BD9Y9B7 BASIC-FIT NV NL BFIT NA 106,850 $3,595,786.69
BF0B2F6 CANADA GOOSE HOLDINGS INC CA GOOS CN 86,095 $4,134,827.78
BF0LBX7 BIOMERIEUX FR BIM FP 77,975 $6,449,290.33
BFB3ZZ2 BK BRASIL OPERACAO E ASSESSO BR BKBR3 BZ 769,470 $4,339,304.94
BFT7KB7 FEDERAL BANK LTD IN FB IN 4,447,940 $6,188,614.85
BFYDWS1 NETCOMPANY GROUP AS DK NETC DC 174,915 $6,262,921.01
BFZCSN4 VITROLIFE AB SE VITR SS 152,515 $3,473,100.29
BG1Z6X0 REGIONALL SAB DE CV MX RA MM 222,534 $1,120,910.30
BGLP232 MONCLER SPA IT MONC IM 125,685 $5,072,626.35
BNBNSG0 EURONEXT NV NL ENX FP 66,045 $4,190,156.89
BNGN9Z1 FINECOBANK SPA IT FBK IM 875,930 $11,540,707.41
BSNLDQ2 MUANGTHAI CAPITAL PCL-NVDR TH MTC-R TB 2,136,100 $2,970,767.93
BVFNZH2 ROTORK PLC GB ROR LN 947,060 $3,492,139.74
BX8ZX20 ROYAL UNIBREW DK RBREW DC 184,485 $13,624,347.14
BYMFG13 BATA INDIA LD IN BATA IN 182,395 $3,699,765.57
BYR4KP7 GRENKE AG DE GLJ GR 21,400 $2,086,013.26
BYT9340 SCOUT24 AG DE G24 GR 84,650 $4,383,196.11
BYXYHM7 WILCON DEPOT INC PH WLCON PM 10,068,528 $2,969,568.24
BYZWMR9 VAT GROUP AG CH VACN SW 37,765 $3,974,776.28
M2682V108 CYBERARK SOFTWARE LTD/ISREAL IL CYBR 36,595 $4,356,634.75

Investments will change over time.

Distributions

  • Rainier International Discovery Series Class S Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2019 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. As with any stock fund, the value of your investment will fluctuate in response to stock market movements. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Funds whose investments are concentrated in foreign and emerging market countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the Series may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets. Additionally, the Series is subject to portfolio turnover risk as it may buy and sell investments frequently, which may result in higher expenses and an increase in realized capital gains and potential tax implications for shareholders.

An Underutilized and Misunderstood Asset Class

We believe that adding international small cap stocks to a broader portfolio may help dampen volatility and boost long-term performance.

 

See below for most recent performance.

Download the product spotlight to learn more about this underutilized, but opportunistic solution

Daily Price

$19.97

Daily $ Change

-$0.09

Daily % Change

-0.45%

as of 04/18/2019

Ticker

RISAX

CUSIP

56382R670

Inception Date

11/30/2012

Investment Minimum

$2,000.00

Prior to 03/01/2019, the Class S shares were designated as the Class K shares. Investment minimum may be waived for certain qualified retirement plans, participants in an automatic investment program, and discretionary investment accounts of the Advisor.

Important Documents

Summary Prospectus
Prospectus
Statement of Additional Information
Annual Report
Semi-Annual Report
Fact Sheet
Applications & Forms

Investment Objective

To provide investors with long-term capital appreciation by investing primarily in the common stock of small- to mid-capitalization companies located outside the U.S.

Investment Strategy

The Series is primarily invested in the common stock of small- and mid-capitalization companies traded outside the U.S. Rainier typically selects investments that fall within the market capitalization range of the MSCI ACWI ex USA Small Cap Index at the time of purchase. The Team will invest in any type of company whether it is in the index or not, as long as it is within the market cap range and fits the investment objectives. To control risk, extreme overweighting or underweighting of the Series relative to the Index is normally avoided.

Investment decisions are based on fundamental analysis, which emphasizes bottom-up stock selection of companies that exhibit strong growth, clear key earnings drivers and attractive valuations. The investment team evaluates companies across all sectors and regions using this growth and valuation criteria.

May be Appropriate for Investors

  • Seeking a long-term (15 years or more) investment and who are willing to accept the risk of investing in foreign equity securities
  • Seeking to diversify a portfolio by adding a foreign equity component

Performance

As of 03/31/2019

YTD

11.07%

1 Year

-11.71%

3 Year

6.92%

5 Year

5.70%

10 Year

---

Inception
(03/28/2012)

11.10%

Market Cycle

---

For periods prior to 08/21/2017, performance for Class S is based on the historical performance of the Class A Shares of the Rainier International Discovery Fund (Predecessor Fund) Class A Shares, which was managed by Rainier Investment Management, LLC and reorganized into the Manning & Napier Fund, Inc. Rainier International Discovery Series Class S on 08/21/2017. Performance prior to 11/30/2012 is based on the historical performance of the Predecessor Fund’s Institutional Shares and adjusted for the Predecessor Fund’s Class A Shares expenses. If the sales charges were reflected or if performance had been adjusted to reflect the Class S Shares’ expenses, the performance would have been different depending on total expenses incurred by the Predecessor Fund. Performance data quoted represents past performance and does not guarantee future results. Performance for periods greater than one year is annualized. 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. Current performance may be higher or lower than that quoted.

Expense Ratio

Gross 1.44%
Net 1.41%*

*Includes a 12b-1 fee of 0.25%, of which up to 0.25% is available as a shareholder servicing fee. Reflects the Advisor’s contractual agreement to limit its fees and reimburse certain expenses. The contractual waiver may not be amended or terminated without the prior approval of the Fund’s Board of Directors.

Top Ten Investments

As of 03/31/2019

ROYAL UNIBREW 3.33%
TECHTRONIC INDUSTRIES CO LTD 3.18%
NEMETSCHEK SE 3.02%
CHR HANSEN HOLDING A/S 2.85%
FINECOBANK SPA 2.82%
CAE INC 2.79%
TELEPERFORMANCE 2.76%
DECHRA PHARMACEUTICALS PLC 2.70%
KORIAN 2.69%
CARL ZEISS MEDITEC AG - BR 2.41%

Top Ten Investments list is unaudited and excludes cash.

Sector Allocation

As of 03/31/2019

Communication Services
2.72%
Consumer Discretionary
12.58%
Consumer Staples
6.98%
Financials
12.30%
Health Care
25.12%
Industrials
22.39%
Information Technology
13.41%
Materials
3.37%
Real Estate
1.13%

Country Allocation

As of 03/31/2019

Germany
11.98%
Denmark
10.71%
Japan
10.69%
France
9.84%
United Kingdom
8.83%
Italy
8.75%
Thailand
5.35%
India
4.69%
Canada
3.80%
Indonesia
3.22%
Hong Kong
3.18%
Australia
2.16%
Sweden
2.15%
Netherlands
1.90%
Switzerland
1.62%
Philippines
1.54%
South Korea
1.41%
Malaysia
1.30%
China
1.23%
Poland
1.18%
Brazil
1.06%
Israel
1.06%
Norway
0.90%
New Zealand
0.82%
Turkey
0.36%
Mexico
0.27%

March Fund Holdings

As of 03/31/2019

CUSIP Security Description Country Ticker Shares/Par Market Value (USD)
0309644 ELECTROCOMPONENTS PLC GB ECM LN 686,070 $5,024,479.37
0405207 HALMA PLC GB HLMA LN 276,185 $6,021,401.72
0557681 HOWDEN JOINERY GROUP INC GB HWDN LN 332,130 $2,101,184.90
06684L103 BAOZUN INC-SPN ADR CN BZUN 63,390 $2,633,220.60
0963318 DECHRA PHARMACEUTICALS PLC GB DPH LN 313,695 $11,037,717.18
2162760 CAE INC CA CAE CN 514,810 $11,406,835.11
262006208 DREYFUS GVT CSH MANAGEMENT US 33,889,142.35 $33,889,142.35
316827104 51JOB INC - ADR CN JOBS 30,845 $2,402,208.60
4018786 CELLAVISION AB SE CEVI SS 88,865 $2,670,113.62
4612757 OC OERLIKON CORP AG-REG CH OERL SW 122,425 $1,568,057.27
4713490 ROCKWOOL INTL A/S- B SHS DK ROCKB DC 8,570 $2,009,775.09
4730875 TOMRA SYSTEMS ASA NO TOM NO 123,050 $3,668,312.71
4907732 ALTRAN TECHNOLOGIES SA FR ALT FP 397,415 $4,364,775.43
5161407 INTERPUMP GROUP SPA IT IP IM 153,365 $5,009,415.02
5263574 FLSMIDTH & CO A/S DK FLS DC 41,965 $1,814,664.20
5633962 NEMETSCHEK SE DE NEM GR 72,260 $12,347,752.91
5843329 SARTORIUS AG-VORZUG DE SRT3 GR 26,510 $4,555,962.82
5910609 RATIONAL AG DE RAA GR 7,135 $4,408,955.14
5922961 CARL ZEISS MEDITEC AG - BR DE AFX GR 117,870 $9,850,563.66
5999330 TELEPERFORMANCE FR TEP FP 62,835 $11,295,703.72
6036548 NET ONE SYSTEMS CO LTD JP 7518 JP 229,700 $5,808,680.81
6161525 RYMAN HEALTHCARE LTD NZ RYM NZ 400,913 $3,347,470.25
6188193 MALAYSIA AIRPORTS HLDGS BHD MY MAHB MK 1,806,900 $3,209,589.94
6250025 DAIFUKU CO LTD JP 6383 JP 162,000 $8,474,101.12
6283979 INDOFOOD SUKSES MAKMUR TBK P ID INDF IJ 6,574,000 $2,945,043.34
6373632 PRESTIGE INTERNATIONAL INC JP 4290 JP 22,404 $282,148.91
6430139 LEENO INDUSTRIAL INC KR 53,910 $2,839,252.58
6455819 INTL CONTAINER TERM SVCS INC PH ICT PM 1,336,720 $3,327,162.52
6561330 KRUNGTHAI CARD PCL NVDR TH KTC-R TB 6,187,200 $6,886,877.66
6565031 TAKEUCHI MFG CO LTD JP 6432 JP 149,900 $2,650,257.32
6688080 PIGEON CORP JP 7956 JP 138,700 $5,690,689.93
6739739 SANDFIRE RESROUCES NL AU SFR AU 427,760 $2,102,446.09
7339451 ORPEA SA FR ORP FP 59,575 $7,153,344.59
7391763 SIEGFRIED HOLDING AG-REG CH SFZN SW 3,040 $1,091,886.21
B018C06 MINOR INTERNATIONAL PCL TH MINT TB 1,504,246 $1,849,537.36
B018C28 MINOR INTERNATIONAL PCL-NVDR TH MINT-R TB 2,374,154 $2,919,127.94
B0190C7 TECHTRONIC INDUSTRIES CO LTD HK 669 HK 1,931,500 $13,007,978.01
B019MQ5 ASAHI INTECC CO LTD JP 7747 JP 159,100 $7,492,765.45
B05L892 TOP GLOVE CORP BHD MY TOPG MK 1,862,700 $2,111,019.24
B0D0006 BIM BIRLESIK MAGAZALAR AS TR BIMAS TI 108,685 $1,485,390.91
B0VL7C2 ALK-ABELLO A/S DK ALKB DC 21,145 $3,501,844.69
B14NJ71 AMPLIFON SPA IT AMP IM 196,754 $3,839,723.19
B1DN466 NIHON M&A CENTER INC JP 2127 JP 160,500 $4,411,501.89
B1HKRM0 KORIAN FR KORI FP 271,755 $11,004,803.87
B1JTY91 XING SE DE O1BC GR 19,487 $6,743,700.78
B1VN5T8 BIOTAGE AB SE BIOT SS 209,330 $2,668,021.03
B1WF979 NANOSONICS LTD AU NAN AU 781,190 $2,425,381.54
B1Y6V63 GRUPPO MUTUIONLINE SPA IT MOL IM 148,595 $3,077,046.31
B234WN9 DIASORIN SPA IT DIA IM 71,775 $7,239,369.20
B39Q399 KOH YOUNG TECHNOLOGY INC KR 39,070 $2,948,044.37
B3CY709 PERSOL HOLDINGS CO LTD JP 2181 JP 153,300 $2,489,347.17
B3KFW10 TISCO FINANCIAL GROUP-NVDR TH TISCO-R TB 1,319,400 $3,674,407.68
B3L0Q89 TISCO FINANCIAL GROUP PCL TH TISCO TB 1,282,900 $3,572,758.54
B3PQXL5 ANICOM HOLDINGS INC JP 8715 JP 74,200 $2,012,250.43
B548673 BANK TABUNGAN NEGARA PERSERO ID BBTN IJ 17,374,800 $2,987,300.11
B573M11 CHR HANSEN HOLDING A/S DK CHR DC 115,055 $11,678,545.87
B677469 ABCAM PLC GB ABC LN 569,680 $8,433,532.99
B7JW351 ACE HARDWARE INDONESIA ID ACES IJ 57,938,000 $7,246,520.03
B86SZR5 ALS LTD AU ALQ AU 796,195 $4,302,639.82
B8K9X70 GRAND CITY PROPERTIES DE GYC GR 191,010 $4,612,912.50
BBCR9N1 SIMCORP A/S DK SIM DC 50,815 $4,909,521.82
BD0F6Q3 V-GUARD INDUSTRIES LTD IN VGRD IN 1,073,925 $3,446,622.56
BD0YVN2 DINO POLSKA SA PL DNP PW 152,819 $4,811,069.58
BD3RVD8 L&T TECHNOLOGY SERVICES IN LTTS IN 258,880 $5,872,367.16
BD97240 SOLASTO CORP JP 6197 JP 391,145 $4,421,066.08
BD9Y9B7 BASIC-FIT NV NL BFIT NA 106,850 $3,595,786.69
BF0B2F6 CANADA GOOSE HOLDINGS INC CA GOOS CN 86,095 $4,134,827.78
BF0LBX7 BIOMERIEUX FR BIM FP 77,975 $6,449,290.33
BFB3ZZ2 BK BRASIL OPERACAO E ASSESSO BR BKBR3 BZ 769,470 $4,339,304.94
BFT7KB7 FEDERAL BANK LTD IN FB IN 4,447,940 $6,188,614.85
BFYDWS1 NETCOMPANY GROUP AS DK NETC DC 174,915 $6,262,921.01
BFZCSN4 VITROLIFE AB SE VITR SS 152,515 $3,473,100.29
BG1Z6X0 REGIONALL SAB DE CV MX RA MM 222,534 $1,120,910.30
BGLP232 MONCLER SPA IT MONC IM 125,685 $5,072,626.35
BNBNSG0 EURONEXT NV NL ENX FP 66,045 $4,190,156.89
BNGN9Z1 FINECOBANK SPA IT FBK IM 875,930 $11,540,707.41
BSNLDQ2 MUANGTHAI CAPITAL PCL-NVDR TH MTC-R TB 2,136,100 $2,970,767.93
BVFNZH2 ROTORK PLC GB ROR LN 947,060 $3,492,139.74
BX8ZX20 ROYAL UNIBREW DK RBREW DC 184,485 $13,624,347.14
BYMFG13 BATA INDIA LD IN BATA IN 182,395 $3,699,765.57
BYR4KP7 GRENKE AG DE GLJ GR 21,400 $2,086,013.26
BYT9340 SCOUT24 AG DE G24 GR 84,650 $4,383,196.11
BYXYHM7 WILCON DEPOT INC PH WLCON PM 10,068,528 $2,969,568.24
BYZWMR9 VAT GROUP AG CH VACN SW 37,765 $3,974,776.28
M2682V108 CYBERARK SOFTWARE LTD/ISREAL IL CYBR 36,595 $4,356,634.75

Investments will change over time.

Distributions

  • Rainier International Discovery Series Class S Distribution History
  • 2019 Distribution Calendar
  • Fourth Quarter 2018 Distributions
  • Third Quarter 2018 Distributions
  • Second Quarter 2018 Distributions
  • First Quarter 2019 Distributions
  • Tax Letter

A Word About Risk

All investments involve risks, including possible loss of principal. As with any stock fund, the value of your investment will fluctuate in response to stock market movements. Small- and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Funds whose investments are concentrated in foreign and emerging market countries may be subject to fluctuating currency values, different accounting standards, and economic and political instability. The value of the Series may be affected by changes in exchange rates between foreign currencies and the U.S. dollar. Investments in emerging markets may be more volatile than investments in more developed markets. Additionally, the Series is subject to portfolio turnover risk as it may buy and sell investments frequently, which may result in higher expenses and an increase in realized capital gains and potential tax implications for shareholders.


Loading...