1 MORNINGSTAR RATING:
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products
(including mutual funds, variable annuity and variable life subaccounts,
exchange-traded funds, closed-end funds, and separate accounts) with at least a
three-year history. Exchange-traded funds and open-ended mutual funds are
considered a single population for comparative purposes. It is calculated based
on a Morningstar Risk-Adjusted Return measure that accounts for variation in a
managed product's monthly excess performance, placing more emphasis on downward
variations and rewarding consistent performance. The top 10% of products in
each product category receive 5 stars, the next 22.5% receive 4 stars, the next
35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive
1 star. The Overall Morningstar Rating for a managed product is derived from a
weighted average of the performance figures associated with its three-, five-, and
10-year (if applicable) Morningstar Rating metrics. The weights are: 100%
three-year rating for 36-59 months of total returns, 60% five-year rating/40%
three-year rating for 60-119 months of total returns, and 50% 10-year
rating/30% five-year rating/20% three-year rating for 120 or more months of
total returns. While the 10-year overall star rating formula seems to give the
most weight to the 10-year period, the most recent three-year period actually
has the greatest impact because it is included in all three rating periods.
As of May. 31, 2017, the Scout International Fund received the following star ratings among U.S. domiciled Foreign Large Blend Funds for the following time periods: 4 stars (among 592 funds) for the 3 year, 2 stars (among 528 funds) for the 5 year and 4 stars (among 339 funds) for the 10 year periods.The Fund may have experienced negative performance during one or more of the time periods represented by the Morningstar Analyst rating shown.
© 2016 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 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. Past performance is no guarantee of future results. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structures. It may be based, in part, on the performance of a predecessor Fund.
International risk considerations: Foreign investments present additional risks due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards and other factors. Investments in emerging markets involve even greater risks.