Scout Investments Funds
As a global institutional asset manager, Scout offers investors outside the United States the opportunity to invest in the Scout Investments Funds Unconstrained Bond Fund.
The Scout Unconstrained Bond Fund pursues its objective to maximise total return consistent with the preservation of capital.
Fund SummaryThe Fund invests in fixed income instruments including bonds, mortgage- and asset-backed securities and derivatives. The Fund also may invest in high yield securities, non-investment grade securities, derivative instruments (e.g. swap agreements), securities denominated in non-U.S. currencies, and in U.S. dollar-denominated securities of non-U.S. issuers.
Mark Egan, CFA
Managing Director, Lead Portfolio Manager
Thomas Fink, CFA
Managing Director, Co-Portfolio Manager
Clark Holland, CFA
Todd Thompson, CFA
Stephen Vincent, CFA
Unconstrained risk considerations: The Fund employs an unconstrained investment approach, which creates considerable exposure to certain types of securities that present significant volatility in the Fund’s performance, particularly over short periods of time. The return of principal in a fixed income fund is not guaranteed. Fixed income funds have the same interest rate, inflation, issuer, maturity and credit risks that are associated with underlying fixed income securities owned by the Fund. Foreign investments present additional risks due to currency fluctuations, economic and political factors, government regulations, differences in accounting standards and other factors. Mortgage- and Asset-Backed Securities are subject to prepayment risk and the risk of default on the underlying mortgages or other assets. High yield securities involve greater risk than investment grade securities and tend to be more sensitive to economic conditions and credit risk. Investments in emerging markets involve even greater risks.
Derivatives such as options, futures contracts, currency forwards or swap agreements may involve greater risks than if the Fund invested in the referenced obligation directly. Derivatives are subject to risks such as market risk, liquidity risk, interest rate risk, credit risk and management risk. Derivative investments could lose more than the principal amount invested. The Fund may use derivatives for hedging purposes or as part of its investment strategy. The use of leverage, derivatives and short sales could accelerate losses to the Fund. These losses could exceed the amount originally invested.
The Fund may, at times, experience higher-than-average portfolio turnover, which may generate significant taxable gains and increased trading expenses, which, in turn, may lower the Fund’s return.