UMBF UMB Financial Corporation

UMB Scout Funds today announced the launch of the UMB Scout Mid Cap Fund (UMBMX). The Fund, a member of the UMB Scout Funds family of no-load mutual funds, will follow an investment objective based on long-term growth of capital through an investment style focused on mid capitalization companies. A team led by Patrick Dunkerley, CFA, will manage the new Fund that will benchmark against the Russell Midcap� Index. The Fund�s peer group will be the Lipper Mid-Cap Core Fund Index. Shares of the Fund will be available for purchase directly or through various mutual fund supermarkets. The lead portfolio manager, Patrick Dunkerley, CFA, brings more than 13 years of investment experience to the Fund. Most recently, Dunkerley was a chief investment officer and managing director at Victory Capital Management. At Victory, Dunkerley was the lead portfolio manager of the mid cap core team and the Victory Special Value Fund. �Mid caps stocks have been a neglected asset class. During the 20-year period ended 2005, U.S. mid caps delivered superior absolute and risk-adjusted returns compared to stocks in other market capitalization ranges," Dunkerley said. "It�s a performance anomaly that hasn�t been fully exploited, in our opinion. �We�re going to employ an investment process, developed over many years, that includes top-down analysis of economic and sentiment indicators, secular themes and adaptable screens. Bottom-up analysis will include critical factors such as positive cash flow; ten-year operating margin history; valuation; accounting and management quality and company-specific or top-down catalysts.� Dunkerley said this active-management approach will be used to pursue a two-pronged goal for the Fund including excess return (alpha) and risk-adjusted return, with alpha as the top priority. The Fund�s management team will also consist of Derek Smashey, CFA, assistant portfolio manager, and John Indellicati, analyst. UMB Bank (NASDAQ: UMBF) and its investment subsidiaries oversee more than $9.1 billion in assets and have been providing advisory services for more than 90 years. UMB currently manages domestic large cap, domestic small cap, international and domestic fixed income mutual fund products as well as separately managed accounts for institutions and high net worth individuals. UMB also provides subadvisory services, ADR-only and socially conscious investment portfolios to institutional investors. Based upon a long-term active management approach, UMB strives to provide shareholders with above average returns while also providing UMB below average risk. Investments are determined following a disciplined selection process that has provided consistent returns over various market cycles. You should consider the Fund�s investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Fund, call 800-996-2862 or visit umbscoutfunds.com. Please read the prospectus carefully before investing. The Russell Midcap� Index measures the performance of the 800 smallest companies in the Russell 1000 Index, which represent approximately 30% of the total market capitalization of the Russell 1000 Index. The Lipper Mid-Cap Core Fund Index is an equally weighted representation of the 30 largest funds in the Lipper Mid-Cap Core Classification. It is not possible to invest directly in an index. Investments in mutual funds involve risk, including the loss of principal. The UMB Scout Funds are distributed by UMB Distribution Services, LLC, an affiliate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank, n.a. �UMB,� �Scout� and the Scout design are registered service marks of UMB Financial Corporation. Not FDIC-Insured - No Bank Guarantee - May Lose Value UMB Scout Funds today announced the launch of the UMB Scout Mid Cap Fund (UMBMX). The Fund, a member of the UMB Scout Funds family of no-load mutual funds, will follow an investment objective based on long-term growth of capital through an investment style focused on mid capitalization companies. A team led by Patrick Dunkerley, CFA, will manage the new Fund that will benchmark against the Russell Midcap(R) Index. The Fund's peer group will be the Lipper Mid-Cap Core Fund Index. Shares of the Fund will be available for purchase directly or through various mutual fund supermarkets. The lead portfolio manager, Patrick Dunkerley, CFA, brings more than 13 years of investment experience to the Fund. Most recently, Dunkerley was a chief investment officer and managing director at Victory Capital Management. At Victory, Dunkerley was the lead portfolio manager of the mid cap core team and the Victory Special Value Fund. "Mid caps stocks have been a neglected asset class. During the 20-year period ended 2005, U.S. mid caps delivered superior absolute and risk-adjusted returns compared to stocks in other market capitalization ranges," Dunkerley said. "It's a performance anomaly that hasn't been fully exploited, in our opinion. "We're going to employ an investment process, developed over many years, that includes top-down analysis of economic and sentiment indicators, secular themes and adaptable screens. Bottom-up analysis will include critical factors such as positive cash flow; ten-year operating margin history; valuation; accounting and management quality and company-specific or top-down catalysts." Dunkerley said this active-management approach will be used to pursue a two-pronged goal for the Fund including excess return (alpha) and risk-adjusted return, with alpha as the top priority. The Fund's management team will also consist of Derek Smashey, CFA, assistant portfolio manager, and John Indellicati, analyst. UMB Bank (NASDAQ: UMBF) and its investment subsidiaries oversee more than $9.1 billion in assets and have been providing advisory services for more than 90 years. UMB currently manages domestic large cap, domestic small cap, international and domestic fixed income mutual fund products as well as separately managed accounts for institutions and high net worth individuals. UMB also provides subadvisory services, ADR-only and socially conscious investment portfolios to institutional investors. Based upon a long-term active management approach, UMB strives to provide shareholders with above average returns while also providing UMB below average risk. Investments are determined following a disciplined selection process that has provided consistent returns over various market cycles. You should consider the Fund's investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Fund, call 800-996-2862 or visit umbscoutfunds.com. Please read the prospectus carefully before investing. The Russell Midcap(R) Index measures the performance of the 800 smallest companies in the Russell 1000 Index, which represent approximately 30% of the total market capitalization of the Russell 1000 Index. The Lipper Mid-Cap Core Fund Index is an equally weighted representation of the 30 largest funds in the Lipper Mid-Cap Core Classification. It is not possible to invest directly in an index. Investments in mutual funds involve risk, including the loss of principal. The UMB Scout Funds are distributed by UMB Distribution Services, LLC, an affiliate of UMB Financial Corporation, and managed by Scout Investment Advisors, Inc., a subsidiary of UMB Bank, n.a. "UMB," "Scout" and the Scout design are registered service marks of UMB Financial Corporation. Not FDIC-Insured - No Bank Guarantee - May Lose Value