Investment Strategy: The Fund invests primarily in high-quality, short-term debt obligations that are exempt from federal income tax. Normally, the Fund will invest at least 80 percent of its net assets in securities that are exempt from federal income tax. The Fund further seeks to maintain a stable net asset value of $1.00.
Typical Investor: The Fund may be suitable for conservative investors who seek to maintain liquidity and protect the principal investment while continuing to earn current income exempt from federal income tax.
Date of inception:
Investment advisory fees:
Other expenses:
Total annual/net fund operating expenses†:
|
12/22/82
0.30%
0.23%
0.53%
|
| Fund Manager: Bruce C. Fernandez, CFA - portfolio manager |
Ticker: UMTXX, Cusip: 904199866
*An investment in the Fund is not a deposit in UMB Bank, n.a. or its affiliates and is not insured or guaranteed by the Federal Deposit Insurance Corp. or any other government agency. Although the Fund seeks to preserve the value of your investment at $1 per share, it is possible to lose money by investing in the Fund. Income from the UMB Scout Tax-Free Money Market Fund may be subject to federal Alternative Minimum Tax as well as state and local taxes.
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 or click on prospectus. Please read the prospectus carefully before investing.
|
Tax-Free Money Market Fund (UMTXX)
