Scout Investment Advisors, Inc., a subsidiary of UMB Financial
Corporation (NASDAQ: UMBF), announced today that the Scout
International Fund (UMBWX) was named SmartMoney’s Top Foreign Fund
as part of its feature on “The 15 Best Funds to Complete Your
Comeback” in the March 2010 issue.
“We are thrilled that SmartMoney chose to recognize the Scout
International Fund and its investment management team for
consistent performance even during tough economic times,” said Bill
Greiner, president and chief investment officer of Scout Investment
Advisors.
James Moffett is the chief international equity strategist for
Scout Investment Advisors and serves as lead portfolio manager for
the Scout International Fund and the Scout International Discovery
Fund. Moffett developed the International Strategy and has managed
both funds since inception. The fund’s co-portfolio manager Gary
Anderson has been a member of the international team since 2000 and
further reinforces the consistent and stable portfolio management
structure of the fund.
The Scout International Fund first applies a top down approach,
looking at the economic, political and market conditions in various
foreign countries. Potential investments are selected based upon
which economic sectors are believed to have the best prospects in
view of prevailing global, domestic and local economic conditions.
The Fund then primarily invests in seasoned companies that are
known for their quality and acceptance of their products and
services as well as their ability to generate profits or
dividends.
“Despite the volatile market in recent years, our fund has
consistently outperformed its benchmark and benefited from our
long-term investment philosophy,” said James Moffett, lead
portfolio manager of the Scout International Fund. “We are excited
to receive this recognition.”
Over the past five years, the Scout International Fund team has
also been a three-time nominee for Morningstar's
International-Stock Fund Manager of the Year Award. Additionally,
the Scout International Fund was selected as one of five “Best
Buys” 1 in the Foreign Stock category by Forbes and named as one as
one of four “Top International Funds”2 by Standard &
Poor’s.
“Our ability to reward investors with consistent outperformance
over all types of market cycles, while managing portfolio
volatility and risk, is consistent with our overall investment
style and strategy. We will continue to deliver high quality,
results driven investment solutions to the marketplace,” said Peter
deSilva, president and chief operating officer of UMB
Financial.
Performance as of January 31, 2010 3 Month
1 Year 5 Years
10 Years
Inception(09/14/93)
SCOUT INTERNATIONAL FUND 2.52 44.05 6.94 4.45 8.93 Lipper
International Funds Index 0.37 43.35 4.18 2.06 6.12 MSCI EAFE -
U.S. Dollars Index -1.09 39.68 2.99 1.38 4.58
Scout Investment Advisors, Inc. is a subsidiary of UMB
Financial Corporation. The firm is located in Kansas City, Missouri
and adheres to a management philosophy focused on long-term
investments and a systematic “top-down bottom-up” strategy. Through
this approach, specific research methodology and portfolio
managers’ unique expertise is combined to identify target
investments based on the highest standards and criteria. Scout
Investment Advisors, Inc. is a responsible, prudent investment
organization built to generate long-term returns and help achieve
individual and institutional investors’ objectives. Additional
information about Scout Investment Advisors, Inc. and its full line
of products can be found at www.scout-ia.com.
You should consider the Funds' investment objectives, risks,
charges and expenses carefully before investing. For a prospectus,
which contains this and other information about the Funds call
800.996.2862 or download one now (.pdf). Please read the prospectus
carefully before investing.
Scout International Fund Average Annual Returns as of December
31, 2009:1-Year: 35.54%, 5-Years: 7.52%, 10-Years: 4.50%Gross
Expense Ratio 1.02% (as of 06/30/09)
SCOUT INTERNATIONAL FUND -- A no-load mutual fund invested
primarily in international stocks of seasoned companies listed on
United States exchanges or the over-the-counter market. Gross
Expense Ratio 1.02% (as of 06/30/09)
LIPPER INTERNATIONAL FUND INDEX -- Funds invest fund assets in
securities with primary trading market outside the United
States.
MORGAN STANLEY CAPITAL INTERNATIONAL EUROPE, AUSTRALASIA, FAR
EAST (EAFE) -- An unmanaged index that is an arithmetic, market
value-weighted average of over 900 securities listed on the stock
exchanges of countries in Europe, Australasia and the Far East.
1 Forbes’ “Best Buy” ranking was based on a combination of
risk-adjusted returns over the past five years and annual fees on a
relative basis.
2 To identify the best foreign stock funds from the rest,
Standard & Poor’s ran a screen that eliminated those offerings
with less than $20 million in assets or are currently closed to new
investors, as well as those that charge an upfront load. S&P
also looked for funds that had received a five-star rating from the
researcher, and removed those funds that are restricted to a
particular region, country, style or sector. From those funds, four
were chosen that had strong long-term performance as well as other
attractive features such as low expense ratios or a large asset
base. Out of more than 1,000 international funds screened by
S&P, four were chosen as the best of their classes
Foreign investments present additional risks due to currency
fluctuations, economic and political factors, lower liquidity,
government regulations, differences in securities regulations and
accounting standards, possible changes in taxation, limited public
information and other factors. The risks are magnified in countries
with emerging markets, since these countries may have relatively
unstable governments and less established markets and
economies.
The performance data quoted represents past performance and
past performance is not a 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.
A redemption fee of 2% will be imposed on redemptions or
exchanges made within two months of purchase of shares in the Scout
International Fund. Certain types of accounts are exempt from this
fee. Please see the prospectus for more information.
“Scout” and the “Scout” design are registered service marks of
UMB Financial Corporation.
• NOT FDIC INSURED • MAY LOSE VALUE • NO BANK
GUARANTEE
The Scout Funds are distributed by UMB Distribution Services,
LLC, Milwaukee, Wis., an affiliate of UMB Financial Corporation.
Scout Investment Advisors, Inc., a subsidiary of UMB Financial
Corp., serves as investment adviser to the Scout Funds.
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