Scout Mid Cap Fund (UMBMX)

Domestic stock mutual funds can be categorized into three main categories: large cap domestic stock fund, mid cap domestic funds, and small cap domestic funds. One of this best mid cap domestic stock funds is Scout Mid Cap. I have provided this investment fund review and details below.
Scout Mid Cap (MUTF: UMBMX)

The Scout Mid Cap fund is seeking long-term capital growth. This Scout fund typically invests >80% of net assets in mid-cap equity securities. According to the fund’s prospectus, this fund will invest in mid cap companies with market capitalizations between $1.5 billion and $17 billion. The fund invests primarily in securities of U.S. companies, but may invest some of the portfolio in foreign companies (<20% of assets), American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs").

UMBMX Fund Review
Scout Mid Cap fund details
  • Fund Inception Date: October 31, 2006
  • Ticker Symbol: UMBMX
  • CUSIP: 81063U206
  • Beta (3yr): 1.02
  • Rank in category (YTD): 9
  • Category: Mid-Cap Blend
  • Distribution Yield: 0.42%
  • Net Assets: $ 618.97 million
  • Sales Load: 0%
  • Expense Ratio: 1.13%
  • Capital Gains: N/A
  • Number of Years Up: 3 years
  • Number of Years Down: 1 year
updated on 10/4/2011

The lead portfolio fund’s manager of this Scout Fund is Patrick Dunkerley. He is assisted by Derek Smashey. This best fund was introduced to public in October 2006. The fund has a net annual expense ratio of 1.13% which is a bit lower compared to the average in the Mid-Cap Blend category (1.33%). The yield of this fund is 0.42%. As part of no load fund, this Scout fund doesn’t have any sales load (i.e. front sales load and deferred sales load). The total net assets of this fund are $618.97 million. The fund’s benchmarks are Russell Midcap Index and Lipper Mid-Cap Core Funds Index.

This UMBMX fund has received 5-stars rating from Morningstar. This top mid cap blend stock fund has returned 35.50% over the past one year and 14.00% over the past three years. The yearly performance of this five stars fund since its inception is as below:
  • Year 2010: 27.89%
  • Year 2009: 47.16% (the best)
  • Year 2008: -35.10%
  • Year 2007: 21.94%
To buy this Best Rated Mid Cap Blend US Stock fund, investor will need a minimum initial investment of $1,000 for regular brokerage account and $100 for IRA account. This fund requires $100 minimum subsequent investment for both accounts. UMBMX can be bought from 56 brokerages such as JP Morgan, T Rowe Price, Fidelity Retail Funds Network, Vanguard NTF, Raymond James, Schwab Retail, Firstrade, Scottrade NTF, Bear Stearns, Td Ameritrade Inc, Matrix Financial Solutions, etc. Please check with your mutual fund broker for details.

Top 10 Mid Cap Value Stock Fund of 2010

The top 10 equity holdings of this fund as of June 2011 are Herbalife Ltd (6.3%), Annaly Capital Management, Inc. REIT (5.1%), Arch Capital Group Ltd. (4.2%), AutoZone, Inc. (4.2%), Xcel Energy, Inc. (4.1%), Fossil, Inc. (3.4%), Healthspring, Inc. (3.2%), Dollar Tree, Inc. (2.8%), American Capital Agency Corp. REIT. (2.6%) and Hospira, Inc. (2.3%). These top ten holdings represent 38.2% of the total 60 holdings.

Investing this fund involves risks such as Markets risk, Mid Cap and Small Cap Company risk, Value Investing risks, Growth Investing risks, Real Estate Investment Trust risks, International Investing risks, Portfolio Turnover risks, etc.

Disclosure: No Position

Interested in other mid cap stock funds, please check the following articles:


Post a Comment