Morningstar rating:
Rated against 385 Short-term Bond Funds
Overall Morningstar RatingTM (based on risk-adjusted performance as of July 31, 2010)
Lipper rating*:
Maximum current income consistent with quality and maturity standards.
The Fund normally pursues its objective by investing at least 80% of its net assets in a diversified portfolio of fixed-income obligations. The Fund normally invests in fixed-income instruments issued by the U.S. government and its agencies, or corporations or other business organizations.
The Fund may be suitable for conservative investors who want to maximize current income.
| Date of inception: | 11/18/82 |
|---|---|
| 30-Day SEC Yield |
2.34%** |
| Investment advisory fees: |
0.40%*** |
| Other expenses: |
0.31% |
| Total annual fund operating expenses: |
0.71%‡ |
| Less advisor's fees waived/expenses: |
-0.14%† |
| Total net annual fund operating expenses: |
0.57%‡ |
| Lead Portfolio Manager: | Bruce C. Fernandez, CFA |
| Co-Portfolio Manager: | Michael J. Heimlich, CFA |
| Ticker: | UMBBX |
| Cusip: | 81063U1079 |
*
** As of 05/31/2010.
*** Under its Investment Advisory Agreement with Scout Funds, on behalf of the Scout Bond Fund, Scout Investment Advisors, Inc. will receive investment advisory fees from the Fund based upon an annual rate of 0.57% on the first $1 billion of average daily net assets and 0.52% on average daily net assets over $1 billion.
† Scout Investment Advisors, Inc. has entered into an agreement to waive fees and/or make expense payments through October 31, 2011, so that actual total annual fund operating expenses of the Scout Bond Fund do not exceed 0.57%.
‡ As of June 30, 2009.