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Home > Financial Services > Mutual Funds > Scout
Scout
In 1982, UMB Bank was one of the first banks in the nation to offer a family of no-load mutual funds. The initial fund family consisted of one equity fund, one fixed income fund, and a money market fund with a federal and a prime portfolio.
They using this combination of careful screening, integration of equity and fixed-income analysis, and a judicious commitment to quality, Scout Investment Advisors sought to minimize the volatility of recent markets for the Scout Funds' investors. Scout Investment Advisors believes that its prudent strategy and team-oriented approach to investing is the very reason that several of its Funds have been recognized by industry benchmark Lipper Analytical Services, and their Funds and Fund Managers have been mentioned in leading national publications on several occasions.
UMB Scout Bond Fund seeks current income. The fund normally invests at least 80 percent of assets in United States government obligations and high-quality corporate debt securities. It may purchase Treasury bills, notes, and bonds, as well as securities issued by agencies such as the Government National Mortgage Association, the Export-Import Bank, and the Student Loan Marketing Association. Securities acquired by the fund typically have maturities of twenty years. The fund may invest a portion of assets in cash and short-term debt obligations such as commercial paper and repurchase agreements.
UMB Scout Growth seeks long-term growth of capital. The fund invests in a diversified portfolio of common stocks. It normally invests substantially all of assets in common stocks. Up to 10 percent of assets may be invested in preferred stocks, fixed-income securities convertible into common stocks, high-grade bonds or other investments that may provide income, including cash and money market securities.
UMB Scout Worldwide seeks long-term growth of capital and dividend income. The fund invests primarily in foreign equity securities. Although it may invest directly in foreign securities and purchase European and International depositary receipts, the majority of the portfolio consists of American depositary receipts. The fund diversifies investments among various countries and industries and invests no more than 20 percent of its net assets in investments in developing countries. It may invest a portion of assets in investment-grade debt securities.
UMB Bank and Scout Investment Advisors are very proud of their Fund family's growth over the past 20 years and are always seeking new opportunities to continue to improve the quality and forward-looking strategy of the UMB Scout Funds.
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