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100% U.S. Treasury Money Market Fund
Fund Overview Net Assets: $488,370,480.65

Number of Holdings: 8
As of 3/31/2013
Fund Strategy

Investment Objective and Goal: To seek current income with liquidity and stability of principal.

Principal Investment Strategy: The Fund invests in U.S. Treasury securities and separately traded components of those securities called “STRIPs”. The Fund may, for temporary defensive purposes, in order to meet shareholder redemptions and/or to otherwise facilitate portfolio operations, retain such portion of its assets as the Fund’s portfolio managers deem appropriate in cash in a deposit account held at the Fund’s custodian. Cash of the Fund held in a deposit account at the Fund’s custodian is subject to the credit risk of the custodian.

Management

Portfolio Managers: Hillary Elder, Hubert R. White, CFA®
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Factsheet

Fund Facts
Share ClassTickerCusipInception DatesGross ExpensesNet Expenses
Fiduciary HMTXX4311145038/10/19870.76%0.55%
Retail A HMRXX43111440412/1/19901.01%0.82%
Retail S HUSXX4311126069/30/19991.06%1.06%

Performance Snapshot as of 4/30/2013

Average Annual Total Returns
Share ClassYTD1 Year3 Year5 Year10 YearSince
Inception
Fiduciary (Net Asset Value)0.00%0.00%0.00%0.10%1.29%3.41%
Retail A (Net Asset Value)0.00%0.00%0.00%0.08%1.15%2.65%
Retail A (Max Sales Charge) N/AN/AN/AN/AN/AN/A
Retail S (Net Asset Value)0.00%0.00%0.00%0.05%1.01%3.22%
Retail S (Max Sales Charge) N/AN/AN/AN/AN/AN/A


Historical Returns20072008200920102011 2012
Fiduciary ** 4.11%1.04%0.03%0.01%0.00%0.00%

The performance data quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate and, when redeemed, may be worth more or less than their original cost. The Fund's current performance may be lower or higher than that shown. Performance data current to the most recent month-end may be obtained on this site and performance reflects fee waivers in effect. The average annualized total returns reflect the deduction of the Fund's maximum sales load.



** Calendar year performance does not reflect sales charges or expenses

Risk Considerations
An investment in a Money Market Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Composition as of 3/28/2013
Top 10 Holdings
UNITED STATES TREASURY BILL 0.00 4/25/201325.89 %
UNITED STATES TREASURY BILL 0.00 4/15/201320.47 %
UNITED STATES TREASURY BILL 0.00 6/13/201315.35 %
UNITED STATES TREASURY BILL 0.00 4/18/201314.93 %
UNITED STATES TREASURY BILL 0.00 5/23/201310.24 %
UNITED STATES TREASURY BILL 0.00 5/30/201310.23 %
UNITED STATES TREASURY BILL 0.00 4/4/20132.39 %
UNITED STATES TREASURY BILL 0.00 4/11/20130.50 %
The top ten holdings are subject to change and do not include money market instruments and/or futures contracts.
Sector Diversification
TREASURY BILLS100.00 %
Total100%


Portfolio Holdings
Select Period  
Holdings are subject to change. There is no assurance as of today's date that the securities listed remain in the fund's respective portfolios.

The portfolio holdings information provided herein excludes any securities held by the funds as collateral for securities on loan by the Funds. Complete holdings information, including securities held as collateral for securities on loan, can be obtained in the Funds' most recent annual, semi-annual or quarterly report as of the date of such report.

Mutual fund investing involves risk, including possible loss of principal. Investors should consider the Funds' investment objectives, risks, charges and expenses carefully before investing. This and other information can be found in the Funds' prospectus, which may be obtained by calling 800.433.6884 or by visiting www.highmarkfunds.com. Please read the prospectus carefully before investing.

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 the investment adviser for HighMark Funds. 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, Inc. (MUFG, NYSE:MTU), one of the world’s largest financial organizations in market capitalization and deposit taking. NO BANK GUARANTEE, NOT FDIC INSURED, MAY LOSE VALUE. There is no guarantee that the Funds will meet their stated objectives.

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