Morningstar rating:
Rated against 663 small growth funds
Overall Morningstar RatingTM (based on risk-adjusted performance as of July 31, 2010)
Tom Laming and James McBride were recently added to the management team of the Scout Small Cap Fund. For more information, please read the announcement from Scout Investment Advisor’s President and CIO Bill Greiner.
Long-term growth of capital.
The Fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities (mostly common stocks) of smaller companies located anywhere in the United States. Any change in this 80% policy that is approved by the Board may not take effect until shareholders have received written notice of the change at least sixty (60) days before it occurs.
The Fund's Advisor normally invests the Fund's assets in a diversified portfolio of equity securities that are selected based upon the Advisor's perception of their above-average potential for long-term growth of capital. While trying to maximize the growth potential of the Fund's portfolio of investments, the Advisor also seeks to obtain securities for the Fund that are selling at a reasonable valuation in view of their expected growth rate.
Effective July 2, 2001, UMB Scout Regional Fund, Inc. was reorganized as the Scout Small Cap Fund.
A redemption fee of 2% will be imposed on redemptions and exchanges made within two months of purchase of shares in the Scout Small Cap Fund. Please see the prospectus for more information about the fee and to which accounts it applies.
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: | 11/17/86 |
|---|---|
| Date of objective change: | 7/2/01 |
| Investment advisory fees: |
0.75%** |
| Other expenses: |
0.34% |
|
Total gross/net annual fund operating expenses: |
1.09%† |
| Fund Manager: | Tom Laming |
| Ticker: | UMBHX |
| Cusip: | 81063U305 |
** Under its Investment Advisory Agreement with Scout Funds, on behalf of the Scout Small Cap Fund, Scout Advisors, Inc. will receive investment advisory fees from the Fund based upon an annual rate of 0.75% on the first $1 billion of average daily net assets and 0.65% on average daily net assets over $1 billion.
† As of June 30, 2009.