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Attractive investment opportunities exist all over the world, but international small cap equities remain overlooked and underinvested. We explore this asset class, discuss where opportunities lie, and shed light on the benefits that international small cap equities may provide to investors.

The Rainier Funds’ investment objectives, risk, charges, and expenses must be considered carefully before investing. The statutory and summary prospectus contain this and other important information about the Rainier Funds, and may be obtained by calling (800) 248-6314 or visiting rainierfunds.com. Read carefully before investing.

All investments involve risks, including possible loss of principal.

Manning & Napier Investor Services, Inc. (MNBD) is a member of FINRA. The Rainier International Discovery Fund is managed by Rainier Investment Management, LLC, an affiliate of Manning & Napier Advisors, LLC and MNBD.