Scout International Fund (UMBWX)

Morningstar rating:
StarStarStarStarStar
Rated against 209 Foreign Large Growth Funds
Overall Morningstar RatingTM (based on risk-adjusted performance as of July 31, 2010)

Lipper rating*:
5: Lipper Leader for Total Return5: Lipper Leader for Expense


Selected as Lipper’s 2010 Best International Large-Cap Growth Fund for consistent return out of a total of 128 funds evaluated based on risk-adjusted returns for the three-year period ending 12/31/2009.

Featured in SmartMoney's "The 15 Best Funds To Complete Your Comeback."

Investment Objective

Long-term growth of capital and income.

Investment Strategy

The Fund normally pursues its objective by investing in a diversified portfolio consisting primarily of equity securities of established companies either located outside of the United States or whose primary business is carried on outside the United States. Equity securities include common stocks and depository receipts (receipts typically issued by banks or trust companies representing ownership interests of securities issued by foreign companies). The Fund normally invests at least 80% of its net assets in equity securities as described above.

A redemption fee of 2% will be imposed on redemptions and exchanges made within two months of purchase of shares in the Scout International Fund. Please see the prospectus for more information about the fee and to which accounts it applies.

Typical Investor

The Fund may be suitable for aggressive investors hoping to achieve long-term growth with the potential for an above-average return while assuming the additional risks of foreign investments.

Date of inception: 9/14/93
Investment advisory fees:

0.80%**

Other expenses:

0.22%

Total gross/net annual fund operating expenses:

1.02%†

Lead Portfolio Manager: James L. Moffett
Co-Portfolio Manager: Gary N. Anderson
Ticker: UMBWX
Cusip: 81063U503

* Lipper ratings: 5, highest, to 1, lowest.

** Under its Investment Advisory Agreement with Scout Funds, on behalf of the Scout International Fund, Scout Investment Advisors, Inc. will receive investment advisory fees from the Fund based upon an annual rate of 0.80% on the first $1 billion of average daily net assets and 0.70% on average daily net assets over $1 billion.

As of June 30, 2009.