UMB Scout Funds' James Moffett Named Finalist for Morningstar's 2007 International-Stock Manager of the YearJames Moffet, Lead P
December 19 2007 - 8:09AM
Business Wire
James Moffett, lead portfolio manager for the UMB Scout
International Fund (UMBWX), has been named a finalist for the
Morningstar 2007 International Manager of the Year award. Moffett
is among five finalists for the award that will be announced on
CNBC and Morningstar.com on January 3, 2008. The award recognizes
fund managers who not only had an outstanding calendar year, but
who have also built solid long-term results for their Fund upon a
distinctive strategy. In addition, Morningstar maintains that these
nominees and their fund companies �treat their fundholders well
from a stewardship perspective.� �I�m very proud of the continued
recognition Scout Investment Advisors has received recently,� said
Mariner Kemper, Chairman and Chief Executive Officer UMB Financial
Corporation (NASDAQ: UMBF). �Our expertise and knowledge drives our
performance -- and that has positioned our portfolio managers as
leaders in the industry. We are especially proud of the investment
products we offer our customers, and the outstanding job that Jim
Moffett and his team have delivered.� James Moffett has served as
lead portfolio manager of the UMB Scout International Fund since
the Fund�s inception in 1993. Moffett and his team are frequently
highlighted in leading industry publications for their ability to
identify sector themes and individual stock stories. In addition,
Moffett�s approach of long-term investing and not chasing
short-term trends contributed to the Fund�s success, and allowed
the Fund to surpass its benchmark, on average, over the past ten
years. Average Annual Total Return as of September 30, 2007: UMB
Scout International Fund: 1-Year: 30.15%, 5-Year: 23.46% and
10-Year: 10.78% MSCI-EAFE Index-net (U.S. Dollars): 1-Year: 24.86%,
5-Year: 23.55% and 10-Year: 7.97% Total Annual Fund Operating
Expenses: 1.03% The performance data quoted represents past
performance and past performance is not guarantee of future
results. 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 lower or higher than the performance information quoted. To
obtain performance information current to the most recent
month-end, please call 800-996-2862 or visit umbscoutfunds.com.
Foreign investments present additional risks due to currency
fluctuations, economic and political factors, government
regulations, differences in accounting standards and other factors.
Investments in emerging markets involve even greater risks. 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 UMB Scout Funds are distributed by
UMB Distribution Services, LLC, Milwaukee, WI, 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.
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