David Benkert Elected Chairman of HighMark Funds Board of TrusteesDavid Benkert (Photo: Business Wire)

  
    
  
  
    
      David Benkert, a director with Navigant Consulting in Los Angeles, has 
      been elected chairman of HighMark Funds board of trustees. Evelyn S. 
      Dilsaver, former president and chief executive officer of Charles Schwab 
      Investment Management, Inc., and Earle A. Malm, president and chief 
      executive officer of HighMark Capital Management, have also been elected 
      to the board.
    
    
      HighMark Funds is a nationally recognized family of mutual funds that is 
      overseen by a seven-member board of trustees. HighMark Capital 
      Management, the investment subsidiary of Union Bank of California, N.A., 
      serves as investment advisor and administrator to the Funds.
    
    
      Benkert joined the HighMark Funds board in 2004 and most recently served 
      as a member of the audit committee. He succeeds Joe Jaeger, who retired 
      from the board after 20 years of service. Benkert currently serves as a 
      director in the dispute and investigations practice at Navigant 
      Consulting, where he specializes in litigation support and 
      investigations.
    
    
      During his 26 year career, Benkert has assisted clients with damage 
      calculations, forensic investigations, analysis of financial solvency, 
      financial forecasting and corporate restructuring. He has worked with a 
      wide variety of organizations, including technology companies, 
      healthcare organizations, hospital providers and state governments.
    
    
      Dilsaver currently serves on the boards of Aeropostale, Inc. and Longs 
      Drug Stores Corp., where she is a designated financial expert of the 
      audit and finance committee. She worked for Charles Schwab Corporation 
      from 1991 to 2004, most recently serving in the role of president and 
      chief executive officer of Charles Schwab Investment Management. While 
      there, she also held the position of executive vice president, chief 
      financial officer and chief administrative officer for U.S. Trust 
      Company, then a Schwab subsidiary. Prior to Schwab, Dilsaver held the 
      position of senior vice president and controller for First Nationwide 
      Bank from 1983 to 1991.
    
    
      Earle A. Malm joined HighMark Capital Management as president and chief 
      executive officer in 2002. Prior to HighMark, Malm was president of 
      NVMLI, a Nevada-based company involved in mortgage lending and 
      investments. From 1999 to 2002, he was president and vice chairman of 
      ValueClick, an Internet advertising and technology company.
    
    
      From 1990 to 1999, Malm was senior vice president of GT Capital 
      Management and chief operating officer for the GT Global Mutual Funds. 
      He has also held senior positions with GE and RCA. Malm serves as 
      chairman of the board of directors for HighMark Capital Management.
    
    
      About HighMark
    
    
      HighMark Funds (www.highmarkfunds.com) 
      is a nationally recognized family of mutual funds with 22 individual 
      funds and over $8 billion in assets. HighMark Funds offer money market, 
      fixed income, equity and asset allocation funds.
    
    
      San Francisco-based HighMark Capital Management, Inc. is a wholly owned 
      investment management subsidiary of Union Bank of California, with over 
      $21 billion in assets under management for individual and institutional 
      investors worldwide. HighMark Capital Management, Inc. is the adviser 
      and administrator for HighMark Funds.
    
    
      About Union Bank of California
    
    
      Based in San Francisco, UnionBanCal Corporation is a bank holding 
      company with assets of $57.9 billion at March 31, 2008. Its primary 
      subsidiary, Union Bank of California, N.A., had 334 banking offices in 
      California, Oregon and Washington, and 2 international offices at March 
      31, 2008. The company's Web site is located at www.unionbank.com.
    
    
      Mutual fund investing involves risks, including possible loss of 
      principal.
    
    
      HighMark Capital Management, Inc., a registered adviser, is a wholly 
      owned subsidiary of Union Bank of California, N.A. and serves as 
      investment adviser for HighMark Funds. Union Bank of California, N.A., a 
      subsidiary of UnionBanCal Corporation, provides certain services to the 
      funds and is compensated for these services. HighMark Funds are 
      distributed by PFPC Distributors, Inc., which is unaffiliated with the 
      adviser, its parents or any affiliates.
    
    
      Read the prospectus and carefully consider the Funds’ 
      investment objectives, risk factors and charges and expenses before 
      investing. This and other information, including fees, expenses, and 
      performance data, can be found in the Funds’ 
      prospectus, which may be obtained by calling 800.433.6884 or by visiting www.highmarkfunds.com.