Morningstar rating:
Rated against 667 small growth funds
Overall Morningstar RatingTM (based on risk-adjusted performance as of February 28, 2010)
Long-term growth of capital.
The Fund pursues its objective by investing primarily in common stocks of small capitalization companies. Under normal circumstances, at least 80% of the Fund’s net assets will be invested in common stocks of domestic small capitalization companies. Any change in this 80% policy approved by the Board may not take effect until shareholders have received written notice of the change at least sixty days before it occurs.
The Fund defines small capitalization companies as those whose market capitalization fall within or below the market capitalization ranges of companies included in the S&P Small Cap 600 Index or the Russell 2000 Index within the previous three years of purchase. As of December 31, 2008, the S&P Small Cap 600 Index included companies with market capitalizations ranging from $15 million to $2.3 billion, and the Russell 2000 Index included companies with market capitalizations ranging from $7 million to $3.3 billion. You should be aware that the market capitalization ranges for these indices are not fixed and may change from time to time.
The Fund may be suitable for aggressive investors willing to accept short-term volatility in return for potential long-term high growth.
| Date of inception: | 10/31/03 |
|---|---|
| Investment advisory fees: |
0.75%** |
| Other expenses: |
0.84% |
| Total annual fund operating expenses: |
1.59% |
| Less advisor's fees waived/expenses: |
-0.27%† |
| Total net annual fund operating expenses: |
1.32%‡ |
| Lead Portfolio Manager: | Thomas W. Laming |
| Co-Portfolio Manager: | James R. McBride |
| Ticker: | TRESX |
| Cusip: | 81063U842 |
** 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.
† Scout Investment Advisors, Inc. has entered into an agreement to waive fees and/or make expense payments through October 31, 20011, so that actual total annual fund operating expenses of the Scout TrendStar Small Cap Fund do not exceed 1.30%.
‡ As of June 30, 2009.