UMBF UMB Financial Corporation

Scout Investment Advisors, Inc., a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), announced today that the Scout International Fund (UMBWX) has been honored with a Gold Award in the International Equity category from Standard & Poor’s (S&P) inaugural US Mutual Fund Excellence Awards program. The Scout International Fund ranked 1 out of 1,406 funds in the International Equity Category.

“We are honored that Standard & Poor’s chose to recognize the performance of the Scout International Fund and its management team,” said Andy Iseman, chief executive officer of Scout Investment Advisors. “We believe it speaks to the experience of the team that the Fund has been able to outperform its benchmark and stay true to its long-term investment philosophy, while managing through a constantly changing market.”

S&P’s proprietary research approach incorporates bottom-up research about a fund’s underlying stock, bond and mutual fund holdings as well as its performance, risk, and cost factors to rank approximately 19,000 mutual funds relative to their peers on a scale of one star (lowest) to five star (highest).

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.

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, launching the Scout International Fund on September 14, 1993 and the Scout International Discovery Fund on December 31, 2007.

“We continue to see the benefit of utilizing a top down approach that focuses on quality companies, which has helped us navigate through all types of markets over the years,” said James Moffett, lead portfolio manager of the Scout International Fund. “We are pleased to receive this recognition from Standard & Poor’s.”

"The S&P five-star ranked Scout International fund has a miniscule turnover rate and relatively low expense ratio that keeps its costs low. In addition, the fund outpaced its large-cap growth peers on a one-, three-, five and 10-year total return basis through September 2010, with below-average volatility. Recent fund holdings viewed as having low risk considerations by S&P include Royal Bank of Canada and HSBC Holdings.," said Todd Rosenbluth, senior mutual fund analyst at Standard & Poor's Equity Research.

Performance as of September 30, 2010

         

 

1 year

3 years 5 years 10 years

Inception(09/14/93)

Scout International Fund 9.56% -3.97% 5.46% 5.57% 9.18% MSCI EAFE-net U.S. Dollars Index 3.27% -9.51% 1.97% 2.56% 4.74%

Gross Expense Ratio 0.97% (as of 06/30/10)

As of September 30, 2010, HSBC Holdings PLC and Royal Bank of Canada represented 1.43% and 1.42% respectively, of the Scout International Fund’s total net assets.

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.

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.

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. Please read the prospectus carefully before investing.

Standard and Poor’s (S&P) US Mutual Fund Excellence Awards program ranked The Scout International Fund 1 out of 1,406 funds in the International Equity Category. The first component of the S&P Mutual Fund Ranking, Performance Analytics, is a combination of a fund’s 3- and 1-year track records relative to its peer group and a holdings-analysis relevant to its Category. The second component, Risk Considerations, uses a combination of inputs, based on the mutual fund’s holdings and track record, to judge the fund’s risk chosen by Category. Then the funds in all Categories focused on the cost implications of owning a particular fund. S&P has broken cost down into three areas that are analyzed in developing the ranking: Expense ratio, Turnover and Sales Load. The analysis was conducted from September 12, 2009 to August 31, 2010.

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 experience 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.

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. It is not possible to invest directly in an Index.

The Scout Funds are distributed by UMB Distribution Services, LLC, 803 W. Michigan, Milwaukee, Wis. 53233, an affiliate of UMB Financial Corporation. Scout Investment Advisors, Inc., a subsidiary of UMB Financial Corp., serves as investment adviser to the Scout Funds.

Scout” and the “Scout” design are registered service marks of UMB Financial Corporation.

• NOT FDIC INSURED • MAY LOSE VALUE • NO BANK GUARANTEE