Long-term growth of capital and income.
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.
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 |
| Lead Portfolio Manager: | James L. Moffett |
|---|---|
| Co-Portfolio Manager: | Gary N. Anderson |
| Co-Portfolio Manager: | Michael P. Fogarty |
| Ticker: | UMBWX |
| Cusip: | 81063U503 |
Total gross/net annual fund operating expenses (as of 06/30/11): 0.94%
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The Morningstar Analyst Rating is not a credit or risk rating. It is a subjective evaluation performed by the mutual fund analysts of Morningstar, Inc. Morningstar evaluates funds based on five key pillars, which are process, performance, people, parent and price, which are not weighted equally in Morningstar’s evaluation of the Fund. Morningstar’s analysts use this five pillar evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors in their research, but the assessment of each pillar and how they are combined is driven by the analyst’s overall assessment and overseen by Morningstar’s Analyst Rating Committee. The approach serves not as a formula but as a framework to ensure consistency across Morningstar’s global coverage universe. The Analyst Rating scale ranges from Gold to Negative, with Gold being the highest rating and Negative being the lowest rating. A fund with a “Gold” rating distinguishes itself across the five pillars and has garnered the analysts’ highest level of conviction. A fund with a ‘Silver’ rating has notable advantages across several, but perhaps not all, of the five pillars-strengths that give the analysts a high level of conviction. A “Bronze” rated fund has advantages that outweigh the disadvantages across the five pillars, with sufficient level of analyst conviction to warrant a positive rating. A fund with a “Neutral” rating isn’t seriously flawed across the five pillars, nor does it distinguish itself very positively. A “Negative” rated fund is flawed in at least one, if not more pillars and is considered an inferior offering to its peers. Analyst Ratings are reevaluated every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please click here. The Morningstar Analyst Rating should not be used as the sole basis in evaluating a mutual fund. Morningstar Analyst Ratings are based on Morningstar’s current expectations about future events; therefore, in no way does Morningstar represent ratings as a guarantee nor should they be viewed by an investor as such. Morningstar Analyst Ratings involve unknown risks and uncertainties which may cause Morningstar’s expectations not to occur or to differ significantly from what we expected. © 2012 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted by Morningstar to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Recent performance has been negative.