Scout Investments, Inc., a subsidiary of UMB Financial
Corporation (NASDAQ:UMBF), announced today the Scout International
Fund (UMBWX) has been honored once again with a Lipper Fund Award
for its three-year performance. The Scout International Fund ranked
best out of 197 international large cap growth funds for consistent
return over the three-year period ending December 31, 2010, based
on risk-adjusted returns.
“In a field as competitive as International Large Cap Growth
funds, Scout International didn’t rest after last year’s win – they
added to it,” said Jeff Tjornehoj, head of Lipper Americas
Research.
The investment approach taken by the Scout International Fund
team starts with top-down analysis, demonstrating a bias for
regions with political stability, respect for the rule of law, and
conditions for economic growth. Potential investments are selected
from economic sectors that are believed to have the best prospects
in view of prevailing global, domestic and local economic
conditions. The Fund seeks to invest in seasoned companies that are
known for their quality characteristics and sustainable competitive
advantages, as well as their ability to generate profits or
dividends.
“We are pleased that Lipper has once again recognized the Scout
International Fund and its management team,” said Andy Iseman,
chief executive officer of Scout Investments. “It is a testament to
our team’s disciplined investment strategy and consistent focus on
quality that has allowed us to achieve this recognition in
back-to-back years. Further, this award is evidence of Scout
Investments’ continued commitment to providing clients with
top-tier equity and fixed income investment solutions.”
James Moffett is the chief international equity strategist for
Scout Investments 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. The Scout International 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.
“We are honored to once again receive this recognition from
Lipper,” said James Moffett, lead portfolio manager of the Scout
International Fund. “Using a top-down approach and focusing on
quality companies rather than fleeting trends continues to be a
solid investment strategy.”
Performance as of December 31,
2010
1 Year
3 Years
5 Years
10 Years
Since
Inception:
Scout International Fund 13.17% -1.69% 6.34% 6.70% 9.50% MSCI EAFE
Index 7.75% -7.02% 2.46% 3.50% 5.06% Lipper International Funds
Index 11.03% -5.39% 4.02% 4.68% 6.73%
Gross Expense Ratio 0.97% (as of 06/30/10)
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.
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.
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.
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.
The Lipper Fund Awards are part of the Thomson Reuters
Awards for Excellence, a global family of awards that celebrate
exceptional performance throughout the professional investment
community. The Thomson Reuters Awards for Excellence recognize the
world’s top funds, fund management firms, sell-side firms, research
analysts, and investor relations teams. The Thomson Reuters Awards
for Excellence also include the Extel Survey Awards, the StarMine
Analyst Awards, and the StarMine Broker Rankings. For more
information, please contact markets.awards@thomsonreuters.com or
visit excellence.thomsonreuters.com.
About Scout Investments
Scout Investments, Inc., headquartered in Kansas City, Mo.,
offers equity and fixed income investment management strategies for
institutions and individual investors through separate accounts and
mutual funds.
Domestic large cap, mid cap, small cap, international,
international small/mid cap, and global equity portfolios are
offered through Scout Investments. Fixed income portfolios in
core plus, core, intermediate, long duration, low duration,
absolute return and real return (TIPS) are offered through Scout’s
fixed income division, Reams Asset Management.
Scout is the investment subsidiary of UMB Financial Corporation
(NASDAQ:UMBF). Additional information can be found at
www.scoutinv.com. “Scout” and the “Scout” design are registered
service marks of UMB Financial Corporation.
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.
It is not possible to invest directly in an Index.
The Lipper Fund awards were calculated for periods over 36, 60,
and 120 months. The highest Lipper Leader for Consistent Return
(Effective Return) value within each eligible classification
determined the fund classification winner over three, five and ten
years. Lipper ratings for Consistent Return identify funds that
have provided relatively superior consistency and risk-adjusted
returns when compared to a group of similar funds. Past performance
is no guarantee of future results.
The Scout Funds are distributed by UMB Distribution Services,
LLC, 803 W. Michigan, Milwaukee, WI 53233.
• NOT FDIC INSURED • MAY LOSE VALUE • NO BANK
GUARANTEE
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