Scout Investments, Inc., announced today that the
Scout Mid Cap Fund and Scout Core Plus Bond Fund –
Institutional Class have earned Lipper Fund Awards.
The Scout Mid Cap Fund earned two awards for Best in Class. The
Fund ranked first among Mid-Cap Core Funds for the three- and
five-year periods ending Dec. 31, 2011, out of 265 and 225 funds
respectively, based on consistent, risk-adjusted total returns.
The Scout Core Plus Bond Fund – Institutional Class also won for
Best in Class, ranking first out of 493 Intermediate
Investment-Grade Debt Funds for the three-year period ending Dec.
31, 2011, based on consistent, risk-adjusted total return.
“This recognition in two distinct asset classes illustrates the
breadth of our portfolio management expertise,” said Andy Iseman,
chief executive officer of Scout Investments. “It confirms that we
have high-quality equity and fixed income investment solutions that
complement our well-regarded Scout International Fund.”
Scout Mid Cap Fund lead portfolio manager Patrick Dunkerley,
CFA, and co-portfolio managers Derek Smashey, CFA, and John
Indellicate, CFA, have managed the Fund since its inception in
October 2006. The Fund had $1.06 billion in assets as of Feb.
29.
“Our team has great passion for investing in the mid-cap space,”
Dunkerley said. “It’s an area of the market where we believe that
stock-picking and a consistent portfolio management discipline have
made a real difference in both up and down markets. We are very
appreciative of this recognition.”
Scout Core Plus Bond Fund lead portfolio manager Mark Egan, CFA,
is the managing director of Reams Asset Management, Scout
Investments’ fixed income division. He has managed the Fund since
its inception in November 1996 and is assisted by co-portfolio
managers Thomas Fink, CFA, Todd Thompson, CFA, and Stephen Vincent,
CFA. The Fund had $410 million in assets as of Feb. 29.
“It’s an honor to be recognized by Lipper,” Egan said. “We have
been managing institutional client accounts for more than three
decades utilizing a flexible, multi-sector total return approach to
fixed income. Since we joined the Scout family in December 2010, we
have been excited about the growing number of opportunities to tell
our story to a broader audience, especially given that many
advisors are searching for alternatives to their bond fund
choices.”
Iseman added that “for both funds, market inefficiency and
volatility have provided opportunity for our portfolio management
teams to deliver strong results for investors through consistent,
disciplined investment processes.”
The Lipper Fund Awards were presented in New York City on March
8th and honor funds that have excelled relative to peers,
demonstrating consistently strong risk-adjusted returns.
“Lipper congratulates the teams behind the Scout Core Plus Bond
Fund (Institutional Class) and the Scout Mid Cap Fund for their
commitment to excellence. The Lipper Awards recognize funds that
not only receive our top rating, but that are the very best in
their class,” said Jeff Tjornehoj, Head of Lipper Americas
Research, Thomson Reuters.
____________________________________________________________________________
Average Annual Total Returns
As of Dec. 31, 2011
Since
Gross
Net
1-Yr
3-Yr
5-Yr
10-Yr
Inception
Expense
Expense
Scout Core Plus Bond Fund
Institutional Class (SCPZX)
8.28%
17.23%
9.56%
7.67%
7.49%
0.50%1
0.40%1
Barclays Capital U.S. Aggregate Bond Index 7.84% 6.77% 6.50% 5.78%
6.24% Lipper Intermediate Investment Grade Debt Funds Index 6.28%
9.68% 5.80% 5.36% 5.77%
Scout Mid Cap Fund (UMBMX)
0.32%
23.60%
8.36%
–
8.50%
1.04%
1.04%
Russell Midcap® Index -1.55% 20.17% 1.41% – 2.06% Lipper Mid-Cap
Core Funds Index -5.65% 17.70% 1.28% – 1.89%
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.
All performance shown above reflects continuous reinvestment of
dividends and interest. It is not possible to invest directly in an
index. Returns for periods greater than one year are compounded
average annual rates of return.
Gross and net expense ratios are as of the most recent
Prospectus dated 10/31/11.
The inception date of the Scout Mid Cap Fund was October 31,
2006. The inception date of the Scout Core Plus Bond Fund
Institutional Class was November 25, 1996.
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 and unconstrained 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
The performance returns for the Scout Core Plus Bond Fund
Institutional Class reflects a fee waiver in effect. In
absence of such waiver, the returns would be reduced.
(1) The Advisor has entered into an agreement to waive advisory
fees and/or assume certain fund expenses through April 21, 2013 in
order to limit the total annual fund operating expenses, excluding
certain expenses, before taking into account any Rule 12b-1 fees,
shareholder servicing fees or acquired fund fees and expenses to no
more than 0.40%. If total annual fund operating expenses would fall
below the expense limit, the Advisor may cause the Fund’s expenses
to remain at the expense limit while it is reimbursed for fees that
it waived or expenses that it assumed during the previous three
year period.
The performance information shown for the Scout Core Plus Bond
Fund Institutional Class reflects the historical performance of the
Frontegra Columbus Core Plus Fund Institutional Class (the
"Predecessor Fund"). Effective as of the close of business on April
21, 2011 the Predecessor Fund was reorganized into the Fund. The
Predecessor Fund and the Fund have similar investment objectives
and Strategies. Performance shown for periods prior to April 21,
2011 was calculated using the fees and expenses of the Predecessor
Fund.
A redemption fee of 2% will be imposed on redemptions or
exchanges made within two months of purchase of shares in the Scout
Mid Cap Fund. Please see the Prospectus for more information about
the fee and which accounts it applies to.
The Scout Mid Cap Fund and Scout Core Plus Bond Fund may, at
times, experience higher-than-average portfolio turnover which may
generate significant taxable gains and increased trading expenses
which in turn may lower the Fund’s return.
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.
Risk considerations: The return of principal in a bond
fund is not guaranteed. Bond funds have the same interest rate,
inflation and credit risks that are associated with underlying
bonds owned by the fund. Mortgage- and Asset-Backed Securities are
subject to prepayment risk and the risk of default on the
underlying mortgages or other assets. Credit default swaps and
related instruments are derivatives used for hedging against a
credit default and may involve greater risks than if the Fund
invested in the referenced obligation directly. High yield
securities involve greater risk than investment grade securities
and tend to be more sensitive to economic conditions and credit
risk. Mid-cap stocks may temporarily fall out of favor or perform
poorly relative to other types of investments. While stocks of
mid-cap companies may be slightly less volatile than those of
small-cap companies, they still involve substantial risk. Real
Estate Investment Trusts (REITS) may be affected by economic
conditions including credit risk, interest rate risk and other
factors that affect property values, rents or occupancies of real
estate. In considering this investment, please keep in mind that
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.
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 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 Core Plus Bond Fund offers Class Y shares, and the
ranking may be lower than those of the class shown.
The Russell Midcap® Index consists of the smallest 800
securities in the Russell 1000, as ranked by total market
capitalization. This Index accurately captures the medium-sized
universe of securities and represents approximately 34% of the
Russell 1000 total market capitalization. The Lipper Mid-Cap Core
Funds Index consists of Funds that, by portfolio practice, invests
in companies with a market capitalization of less than $5 billion
at the time of purchase.
The Barclays Capital U.S. Aggregate Bond Index represents the
securities of the U.S. dollar denominated investment grade bond
market. The Lipper Intermediate Investment Grade Debt Funds Index
is an unmanaged index consisting of mutual funds that invest
primarily in investment-grade debt issues (rated in the top four
grades) with dollar-weighted average maturities of five to ten
years.
The Scout Funds are distributed by UMB Distribution Services,
LLC, 803 W. Michigan St. Milwaukee, WI 53233, an affiliate of UMB
Financial Corporation.
Scout Investments, 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
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