Scout Investments



Morningstar Category

Foreign Large Growth

Total Net Assets
as of 12/31/2013




Inception Date


Fund Summary

The Scout International Fund normally pursues its objective of long-term growth of capital and income 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. The Fund normally invests at least 80% of its net assets in equity securities, which include common stocks and depository receipts (receipts typically issued by banks or trust companies representing ownership interests of securities issued by foreign companies).


Overall Morningstar Rating

1(based on risk-adjusted performance against 239 Foreign Large Growth Funds as of March 31, 2014)

Morningstar Neutral
2 On September 25, 2012, after a thorough evaluation of its process, performance, people, parent and price, Morningstar bestowed a Silver rating upon the Scout International Fund; Morningstar’s analysts’ second highest level of conviction.

Lipper Leader Rating

Tax Efficiancy
3(among 128 International Large-Cap Growth Funds as of March 31, 2014)

Portfolio Managers

The Overall Morningstar Rating™ for a fund is derived from the weighted-average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating metrics.

For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variations in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of the funds in a broad asset class 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. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.)

As of Mar. 31, 2014, the Scout International Fund received the following star ratings among U.S. domiciled Foreign Large Growth for the following time periods: 3 stars (among 239 funds) for the 3 year, 3 stars (among 208 funds) for the 5 year and 4 stars (among 115 funds) for the 10 year periods.

© 2014 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.

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.

Lipper ratings legend

The Lipper ratings are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation and Expense metrics over 3-, 5-, and 10-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leaders, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1.

Lipper ratings for Tax Efficiency identifies a fund that has been successful at deferring taxes over the measurement period relative to peers as of March 31, 2014. The Scout International Fund, in Lipper's International Large-Cap Growth Funds classification, received the following ratings for the 3-, 5- and 10-year periods, respectively: a Lipper Leader rating (among 128 funds), a Lipper Leader rating (among 120 funds) and a 4 rating (among 84 funds). Tax Efficiency offers no benefit to investors in tax-sheltered accounts such as 401(k) plans. The designation of Lipper Leader does not imply the best performance in a particular category.

Lipper ratings are not intended to predict future results and Lipper does not guarantee the accuracy of this information. More information is available at Lipper Leader ©2014, Reuters, All Rights Reserved. The Lipper 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.

View the glossary for definitions of terms

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