BMO Mutual Funds News
- BMO Investments Inc. Announces Changes to BMO LifeStage Plus 2020 Fund
TORONTO, November 24, 2008
- BMO Investments Announces Changes to the BMO LifeStage Plus Family of Funds
TORONTO, October 10, 2008
- BMO Investments Inc. Launches BMO U.S. High Yield Bond
Fund
TORONTO, June 23, 2008
- BMO Investments Inc. Retains Existing Investment Objectives of BMO Short-Term Income Class
TORONTO, May 9, 2008
- BMO Investments Inc. Receives Shareholder Approval to Proceed with Mutual Fund Merger
TORONTO, May 5, 2008
- GGOF and BMO Mutual Funds Win Lipper Awards
TORONTO, April 3, 2008
-
BMO Investments Inc. Announces Proposed Mutual Fund Merger
TORONTO, March 26, 2008
-
Commentary on current market events
TORONTO, January 22, 2008
-
BMO Investments Inc. to Offer Series I Securities for Certain BMO
Mutual Funds
TORONTO, January 21, 2008
-
BMO Mutual Funds crowned as winner in DALBAR’s 2007 Service Awards
TORONTO, January 16, 2008
- BMO Investments Inc. to Offer Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with More Purchase Options
TORONTO, November 13, 2007
- BMO
Global Tax Advantage Fund Inc. Eligible Dividend Designation
Provided by BMO Financial Group,
TORONTO, September 27, 2007
- BMO
Mutual Funds to Improve Cost Certainty and Fee Transparency for
Investors
TORONTO, September 14, 2007
- BMO
Investments Inc. Proposes Changes to the Declarations of Trust for a Number of
BMO Mutual Funds
TORONTO, September 13, 2007
- BMO
Financial Group Announces Implementation of Independent Review
Committee
TORONTO, September 13, 2007
- BMO Confirms its Canadian Money Market Funds Have No Exposure to Non-Bank-Sponsored Asset-backed Commercial Paper
TORONTO,
August 20, 2007
- BMO Investments Inc. today launched BMO LifeStage Plus Funds
TORONTO, June 18, 2007
- BMO Global Tax Advantage Funds Inc. - 2006 Eligible Dividend Designation
- BMO Investments Inc. Receives Shareholder Approval to Proceed with Changes to its Mutual Fund Line-Up
TORONTO, April 27, 2007
BMO Investments Inc. Announces Changes to BMO LifeStage Plus 2020 Fund
TORONTO, November 24, 2008 - BMO Investments Inc. Announces Changes to BMO LifeStage Plus 2020 Fund
In order to deliver this principal protection given recent market events, BMO LifeStage Plus 2020 Fund, including the BMO Guardian LifeStage Plus 2020 Fund Advisor Series, changed its portfolio allocation to a “protected” asset mix. The management fee for this Fund has also been reduced to 1.05%, plus expenses. The portfolio will now consist entirely of fixed income investments (including provincial and corporate bonds) and cash equivalents until its target end date.
In keeping with the Fund’s investment strategies, this reallocation to a fixed income portfolio is intended to ensure this Fund has sufficient assets at maturity to pay investors the Guaranteed Maturity Amount±. Unitholders are currently entitled to receive $10.1859 at maturity. Given the shift to a protected portfolio, BMO LifeStage Plus 2020 Fund will be closed to all new purchases.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $286 billion as at July 31, 2008.
Media Contacts:
Deborah Rowe, Toronto, deborah.rowe@bmo.com, (416) 867-4897
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
Back to top of page
BMO Investments Announces Changes to the BMO LifeStage Plus Family of Funds
TORONTO, October 10, 2008 - BMO Investments Inc. has filed a preliminary prospectus for the new BMO LifeStage Plus 2017 Fund and intends to launch the fund in mid-November 2008*. This addition to the LifeStage Plus family of lifecycle funds is in response to strong demand for target end date products with a Guaranteed Maturity Amount±. BMO LifeStage Plus Funds provide investors with downside protection during volatile market conditions by locking in the highest daily unit price that the fund achieves prior to its target end date. With a wide range of options, investors will be able to match their investment needs and time horizons with an appropriate target end date (2017, 2020, 2025 or 2030) whether their goals include saving for a child’s education or their own retirement.
In response to significant declines in the global markets, BMO LifeStage Plus 2015 Fund changed its portfolio allocation from a “conservative” to a “protected” asset mix on October 6, 2008, with a reduced management fee of up to 1.05%, plus expenses. The portfolio will now consist entirely of fixed income investments (including provincial and corporate bonds) and cash equivalents until its target end date. In keeping with the fund’s investment strategies, this reallocation to a fixed income portfolio is intended to ensure that the fund has sufficient assets at maturity to pay investors the Guaranteed Maturity Amount. Unitholders are currently entitled to receive $10.1716 at maturity. Given the shift to a protected portfolio, BMO LifeStage Plus 2015 Fund will be closed to all new purchases effective October 10, 2008.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $286 billion as at April 30, 2008.
Media Contacts:
Deborah Rowe, Toronto, deborah.rowe@bmo.com, (416) 867-4897
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
Back to top of page
BMO Investments Inc. Launches BMO U.S. High Yield Bond
Fund
TORONTO, June 23, 2008 - BMO Investments Inc., today launched the BMO U.S. High Yield Bond Fund. The new fund will provide investors with an opportunity to further diversify their portfolios with exposure to the U.S. high yield bond market.
The BMO U.S. High Yield Bond Fund will:
- Provide a high level of total return through a combination of income and
capital appreciation by investing primarily in fixed income securities issued
by United States corporations;
- Invest primarily in securities with a credit rating below BBB;
- Seek the best potential investments for the portfolio
by analyzing the credit ratings of various issuers and using bottom up
quantitative and fundamental analysis.
“Investing in U.S. high yield bonds provides investors with enhanced return
potential and improved diversification given the bonds’ historically lower
correlation to other sectors of the fixed income market” said Linda Knight,
President and Chief Operating Officer, BMO Investments Inc.
The new fund will be managed by HIM Monegy, Inc. HIM Monegy is part of
Chicago-based Harris Investment Management, Inc., and operates within the
BMO Financial Group. It is a wholly-owned, indirect subsidiary of Bank of
Montreal, the parent company of BMO Investments Inc. HIM Monegy's
experienced group of professionals is dedicated to managing high yield bonds,
loans and credit default swaps. As of December 31, 2007, assets under
management for HIM Monegy were approximately $1.4 billion (Cdn.).
The fund is available in both Series A units for retail investors and Series I units
for institutional investors.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the
organization’s Private Client Group. The Private Client Group provides integrated
wealth management services in Canada and the United States and had total assets under management and administration and term investments of $286 billion as at April 30, 2008.
Media Contacts:
Deborah Rowe, Toronto, deborah.rowe@bmo.com, (416) 867-3996
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
Back to top of page
BMO Investments Inc. Retains Existing Investment Objectives of BMO Short-Term Income Class
TORONTO, May 9, 2008 - Investments Inc., the manager of BMO Short-Term Income Class, announced today that it will not proceed with changes to the investment objectives of the fund. Shareholders of BMO Short-Term Income Class previously approved changes to the investment objectives of the fund on April 26, 2007, although shareholders also gave the manager the right not to proceed with the proposed changes in its sole and absolute discretion. The proposed changes, including a name change from ‘BMO Short-Term Income Class’ to ‘BMO Capital Yield Class’, will not be implemented as BMO Investments Inc. is not in a position to proceed with the changes in a manner that is cost-effective and compliant with applicable regulatory requirements, and in the best interests of shareholders of BMO Short-Term Income Class.
The investment objectives of BMO Short-Term Income Class are to provide the opportunity to invest in a fixed-income fund for the short term, as an alternative or in addition to the equity funds included in the BMO Global Tax Advantage Funds and to provide current income while preserving capital and maintaining liquidity. As part of its current investment objectives, this fund invests primarily in high quality securities like Canadian treasury bills, other Canadian short-term fixed-income securities and highly rated commercial paper with terms to maturity of less than three years. BMO Short-Term Income Class is a class of shares of BMO Global Tax Advantage Funds Inc.
About BMO Investments Inc. BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.
Contacts:
Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
Back to top of page
BMO Investments Inc. Receives Shareholder Approval to Proceed with Mutual Fund Merger
TORONTO, May 5, 2008 - BMO Investments Inc. today announced that, at shareholders meetings held earlier today, it received approval to proceed with the merger of the BMO U.S. Equity Class Fund into the BMO Global Dividend Class Fund.
“As a result of this merger, shareholders of BMO U.S. Equity Class will now have the potential to achieve greater geographic and portfolio diversification by investing in dividend-paying equity securities of global issuers,” said Linda Knight, President and COO, BMO Investments Inc. “Investors are increasingly looking outside of North America for opportunities to participate in the stability and growth potential of large-cap blue chip firms,” said Knight. The investment objective of BMO Global Dividend Class is to achieve a high level of total return, including dividend income and capital gains, by investing in dividend-yielding common and preferred shares from around the world.
The merger will be effective on or about May 9, 2008.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the organization’s Private Client Group. The Private Client Group provides integrated wealth management services in Canada and the United States and had total assets under management and administration and term investments of $283 billion as at January 31, 2008.
Contacts:
Paul Gammal, Toronto, paul.gammal@bmo.com, (416) 867-3996
Lucie Gosselin, Montréal, lucie.gosselin@bmo.com, (514) 877-1101
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
Back to top of page
GGOF and BMO Mutual Funds Win Lipper Awards
TORONTO, April 3, 2008 – At a
ceremony in Toronto Wednesday evening, BMO Resource Fund was presented with the
2008 Lipper Award for best fund over three years in the Natural Resource Equity
category. BMO Dividend Fund and GGOF Global Technology Fund also received
top honours with Lipper Awards in the Canadian Dividend & Income Equity
category (ten years) and Science & Technology Equity categories (five
years), respectively.
The Lipper Fund Awards program highlights funds
that have excelled in delivering consistently strong risk-adjusted performance
relative to peers. Awards are presented to funds in 21 countries in Asia,
Europe, and the Americas.
"BMO is honoured to receive these prestigious
awards," said Scott Steele, Chief Investment Officer of BMO Mutual Funds.
"Our focus has always been to provide our clients with investment products that
will help them achieve their long-term investment goals while providing prudent
risk management, and these awards are a testament to that focus."
The BMO
Resource Fund provides investors with long-term growth through investments in
the natural resource industry, primarily through the securities of Canadian
exchange-listed companies that operate in the precious metals, base metals, oil
and gas, or forest products industries.
The BMO
Dividend Fund's objective
is to achieve a high level of after-tax return, including dividend income and
capital gains, from growth in the value of your investment by investing
primarily in dividend-yielding common shares of established Canadian
companies.
The GGOF Global Technology Fund provides investors with
long-term capital gain by investing in leading technology companies around the
world. It provides diversified exposure to the technology sector, investing in
50 to 60 companies that hold dominant positions within their
industry.
"We select investment managers from around the globe that excel
in their respective areas, with the goal of bringing top investment talent to
Canadian investors," said Gavin Graham, Chief Investment Officer of GGOF.
"This is particularly true in a specialized area such as technology and on a
global scale, and we are proud to receive the recognition of the Lipper Award as
a validation of our efforts."
BMO Mutual Funds are offered by BMO
Investments Inc. which is a member of the BMO Financial Group and part of the
organization's Private Client Group. The Private Client Group provides
integrated wealth management services in Canada and the United States and had
total assets under management and administration and term investments of $283
billion as at January 31, 2008.
GGOF is a member of BMO and part of the Private Client Group. GGOF provides investors with a full product line of 35 mutual funds, diversified by asset class, geographic region and capitalization. GGOF, with $5.52 billion of mutual fund assets under management at February 29, 2008, offers its funds exclusively through financial intermediaries.
For more information, contact:
Scott Steele, BMO Mutual Funds, 416-643-4299
Gavin Graham, GGOF, 416-350-3151
Paul Gammal, BMO Financial Group, (416) 867-3996
Back
to top of page
BMO Investments
Inc. Announces Proposed Mutual Fund Merger
TORONTO, March 26, 2008 –
BMO Investments Inc. today announced a proposed mutual fund merger of BMO U.S.
Equity Class with BMO Global Dividend Class to be effective on or about May 9,
2008.
As a result of this merger, shareholders of BMO U.S.
Equity Class will have the potential to achieve greater portfolio
diversification by investing in a larger fund with broader investment
objectives. The investment objective of BMO Global Dividend Class is to
achieve a high level of total return, including dividend income and capital
gains, by investing primarily in dividend-yielding common and preferred shares
of corporations from around the world.
The proposed fund merger is subject to shareholder and
regulatory approval. Meetings of shareholders of each of BMO U.S. Equity
Class and BMO Global Dividend Class will be held on or about May 5, 2008.
About BMO Investments Inc. BMO Investments Inc. is a member of the BMO
Financial Group and part of the organization’s Private Client Group. The
Private Client Group provides integrated wealth management services in Canada and the United States and had total
assets under management and administration and term investments of $283 billion
as at January 31, 2008.
Contacts: Paul Gammal, Toronto, paul.gammal@bmo.com, (416)
867-3996 Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514)
877-1101 Laurie Grant, Vancouver, laurie.grant@bmo.com, (604)
665-7596
Back
to top of page
Commentary on
current market events
TORONTO, January 22, 2008 –
What began as relatively isolated concerns about the impact of the U.S. housing
market, has in the past several weeks escalated substantially into forecasts of
a U.S. recession and has been felt in equity markets around the world. Several
of these equity markets have already fallen into what would be considered bear
market territory (defined as a decline of 20% or more from their recent highs)
and a number of others are close.
As we know, the equity market tends to be forward looking,
that is, it attempts to discount what is going to occur in the future. If this
is the case, then the declines of the past several weeks don’t bode well for the
direction of the economy. And some recent economic statistics appear to bear
this out. Housing starts, consumer confidence, and a key business indicator have
all recently been closer to levels seen around previous recessions.
However, all the economic news is
not of the bad variety. U.S. employment figures remain strong, inventories
relative to sales are at very low levels, and the decline in the U.S. dollar has
led to an acceleration of exports. This positive data would point more towards a
slowdown or a mild recession at worst.
At least part of the most recent sell-off can also be
attributed to market sentiment, which is very negative. However, it is important
to remember that market sentiment has very little predictive value for market
levels one or two years down the road. In fact, by the time market sentiment
turns positive, equity markets will have already rebounded.
As always, while volatility is a
natural corrective function of capital markets, developing a well diversified
portfolio with the help of an investment professional is a prudent strategy that
can help weather that volatility and achieve long-term investment objectives.
This commentary is provided
for informational purposes only. Investments and investment strategies should be
evaluated relative to each individual’s investment objectives. The information
contained herein is not, and should not be construed as, investment advice to
any party. Professional advice should be obtained with respect to any
circumstance.
Back
to top of page
BMO Investments Inc. to Offer Series I Securities for Certain BMO
Mutual Funds
TORONTO, January 21, 2008 - BMO Investments Inc., the manager of BMO Mutual
Funds, today announced that, subject to regulatory approval, certain BMO Mutual
Funds will offer, for distribution, Series I units or Series I shares, as applicable, in
addition to the series the funds currently offer.
Series I securities will be available only to institutional investors. BMO Investments Inc.
expects these funds will be qualified for distributing Series I securities on or about
January 28, 2008.
About BMO Investments Inc.
BMO Investments Inc. is a member of the BMO Financial Group and part of the
organization's Private Client Group. The Private Client Group provides integrated
wealth management services in Canada and the United States and had total assets
under management and administration and term investments of $275 billion as at
October 31, 2007.
Contacts:
JoAnne Hayes, Toronto, joanne.hayes@bmo.com, (416) 867-3996
Ronald Monet, Montréal, ronald.monet@bmo.com, (514) 877-1873
Laurie Grant, Vancouver, laurie.grant@bmo.com, (604) 665-7596
Back
to top of page
BMO Mutual
Funds crowned as winner in DALBAR’s 2007 Service Awards
TORONTO, January 16, 2008 –
BMO Mutual Funds has won DALBAR’s 2007 Mutual Funds Service Award for providing
the best overall service to their investors for the second consecutive year in
both English and French.
BMO Investments Inc. to Offer
Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with
More Purchase Options
TORONTO, November 13, 2007 –
BMO Investments Inc., the manager of BMO Mutual Funds, today announced that,
effective November 9, 2007, certain BMO Mutual Funds have qualified for
distribution as Series I units or Series D units, or both, in addition to the
Series A units, which are available to all investors. This will enable these
funds to provide new purchase options in the future that are tailored for
specific types of investors. The Series I units will be available only to
institutional investors, and the Series D units will only become available to
investors who purchase units through BMO InvestorLine Inc.
About BMO Investments
Inc. BMO Investments Inc. is a member of the
BMO Financial Group and part of the organization’s Private Client Group. The
Private Client Group provides integrated wealth management services in Canada
and the United States and had total assets under management and administration
and term investments of $277 billion as at July 31, 2007.
Contacts: JoAnne Hayes, Toronto, joanne.hayes@bmo.com, (416)
867-3996 Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514)
877-8224 Laurie Grant, Vancouver, laurie.grant@bmo.com, (604)
665-7596
Back
to top of page
BMO Global Tax Advantage Fund
Inc. Eligible Dividend Designation
TORONTO, September 27, 2007
– The 2006 Federal Budget proposal to reduce the effective rate of income tax on
"eligible dividends" paid by Canadian corporations to Canadian resident
individuals became law on February 21, 2007. This new legislation applies to
"eligible dividends" paid on or after January 1, 2006.
Starting in 2006 there are two
types of Canadian taxable dividends: eligible dividends and ineligible
dividends. Eligible dividends are subject to a 45% gross-up and 18.9655% federal
tax credit on the grossed-up dividend; whereas ineligible dividends are subject
to a 25% gross-up and 13.3333% federal tax credit on the grossed-up dividend. As
a result, the effective rate of federal income tax on eligible dividends is
lower than the effective rate of federal income tax on ineligible dividends.
For the purposes of the Income Tax
Act (Canada) and any similar provincial and territorial legislation, BMO Global
Tax Advantage Funds Inc. (the “Fund”), designates the dividends paid on its
classes of shares (listed below) on September 27, 2007 as “eligible dividends”.
Please consult with your own
tax advisor for advice with respect to the income tax consequences to you of the
Fund designating dividends paid on its shares as “eligible dividends”. Here are
the final distribution amounts for the BMO Global Tax Advantage Classes for the
year ending September 30, 2007.
| Name of Class |
Fund No. |
Eligible Canadian Dividends per share |
Capital Gains Dividends |
Total Distributions per share |
| BMO Global Dividend
Class |
211 |
$0.0026 |
Nil |
$0.0026 |
| BMO Canadian Equity
Class |
221 |
$0.1816 |
Nil |
$0.1816 |
| BMO Global Equity Class |
231 |
$0.0038 |
Nil |
$0.0038 |
| BMO Dividend Class |
241 |
$0.2689 |
Nil |
$0.2689 |
Back
to top of page
BMO Mutual Funds to Improve Cost Certainty and Fee
Transparency for Investors
TORONTO, September 14, 2007
– BMO Investments Inc., the manager of BMO Mutual Funds, today announced it will
pay the majority of operating expenses for its Funds, in return for a fixed
administration fee. This change will provide investors with greater certainty
with respect to each Fund’s management expense ratio (MER), which will become
more transparent and predictable. MERs for all Funds will either decrease or
remain neutral, compared to MERs in 2006. These changes will be effective
December 1, 2007.
“By replacing
operating expenses with a fixed administration fee, the MER for each BMO Fund
will become more stable and provide unitholders with clear pricing and greater
certainty about the cost of investing in a BMO Mutual Fund,” said Ed Legzdins,
President and CEO, BMO Investments Inc.
The Funds have an Independent Review Committee (the “IRC”)
that provides independent oversight and advice to the manager. BMO Investments
Inc. referred this change to the IRC for its review and input as required by
securities regulation. The IRC was of the opinion that the proposed change will
achieve a fair and reasonable result for the Funds and provided a positive
recommendation to BMO Investments Inc.
Unitholders will be notified in writing during the fourth
week of September, as required by securities regulations. The proposed rate of
the annual administration fee for each Fund is set out below.
| BMO Mutual Funds |
New Fixed Administration Fee (%) |
| Security Funds |
| BMO T-Bill Fund |
0.15 |
| BMO Money Market Fund |
0.12 |
| BMO AIR MILES®† Money
Market Fund |
0.15 |
| BMO Premium Money Market
Fund |
0.06 |
| Income Funds |
| BMO Mortgage &
Short-Term Income Fund |
0.17 |
| BMO Bond Fund |
0.15 |
| BMO Monthly Income Fund |
0.12 |
| BMO World Bond Fund |
0.30 |
| BMO Diverisified Income
Fund |
0.25 |
| BMO Global Monthly Income
Fund |
0.23 |
| BMO Global High Yield Bond
Fund |
0.28 |
| BMO Income Trust Fund |
0.20 |
| Growth Funds |
| BMO Asset Allocation
Fund |
0.17 |
| BMO Dividend Fund |
0.13 |
| BMO Equity Index Fund |
0.10 |
| BMO Equity Fund |
0.16 |
| BMO U.S. Equity Index
Fund |
0.20 |
| BMO U.S. Growth Fund |
0.30 |
| BMO U.S. Equity Fund |
0.25 |
| BMO International Index
Fund |
0.19 |
| BMO International Equity
Fund |
0.32 |
| BMO North Ameican Dividend
Fund |
0.30 |
| BMO European Fund |
0.28 |
| BMO Japanese Fund |
0.40 |
| Aggressive Growth Funds |
| BMO Special Equity Fund |
0.27 |
| BMO U.S. Special Equity
Fund |
0.30 |
| BMO Resource Fund |
0.15 |
| BMO Precious Metals
Fund |
0.18 |
| BMO Global Science &
Technology Fund |
0.35 |
| BMO Emerging Markets
Fund |
0.40 |
| U.S.
Dollar Funds |
| BMO U.S. Dollar Money
Market Fund |
0.15 |
| BMO U.S. Dollar Monthly
Income Fund |
0.20 |
| BMO U.S. Dollar Equity
Index Fund |
0.20 |
| BMO
Global Tax Advantage Funds |
| BMO Short-Term Income
Class |
0.20 |
| BMO Dividend Class |
0.22 |
| BMO Catégorie actions
canadiennes |
0.27 |
| BMO Global Dividend
Class |
0.35 |
| BMO U.S. Equity Class |
0.30 |
| BMO Global Equity Class |
0.35 |
| BMO Greater China Class |
0.35 |
| BMO
LifeStage Plus Funds |
| BMO LifeStage Plus 2015
Fund |
0.25 |
| BMO LifeStage Plus 2020
Fund |
0.25 |
| BMO LifeStage Plus 2025
Fund |
0.25 |
| BMO LifeStage Plus 2030
Fund |
0.25 |
| BMO
FundSelect™ Portfolios |
| BMO FundSelect™ Security
Portfolio |
0.20 |
| BMO FundSelect™ Balanced
Portfolio |
0.20 |
| BMO FundSelect™ Growth
Portfolio |
0.20 |
| BMO FundSelect™ Aggressive
Growth Portfolio |
0.20 |
Back
to top of page
BMO Investments Inc. Proposes Changes to the Declarations
of Trust for a Number of BMO Mutual Funds
TORONTO, September 13,
2007 – BMO Investments Inc., the manager of BMO Mutual Funds, today
announced proposed changes to the Declarations of Trust of all of the Funds
organized as trusts, other than the LifeStage Plus Funds.
BMO Investments Inc. is proposing to amend and restate
the Declaration of Trust of each of the Funds in the form of a Master
Declaration of Trust to simplify and update the administration of the Funds.
“We believe that an updated Master Declaration of Trust
will allow for greater uniformity in the administration of the Funds and will
allow the Funds to more efficiently meet the regulatory standards and industry
best practices of today and tomorrow,” said Ed Legzdins, President and CEO, BMO
Investments Inc.
The Funds have an Independent Review Committee (the
“IRC”) that provides independent oversight and advice to the manager. BMO
Investments Inc. referred this change to the IRC for its review and input as
required by securities regulation. The IRC was of the opinion that the proposed
change will achieve a fair and reasonable result for the Funds and provided a
positive recommendation to BMO Investments Inc.
Back
to top of page
BMO Financial Group Announces
Implementation of Independent Review Committee
TORONTO, September 13, 2007 – BMO Financial Group
has announced that on September 12, 2007, an Independent Review Committee (IRC)
became operational for the following BMO subsidiaries that offer public
investment funds: BMO Investments Inc., BMO Nesbitt Burns Inc., BMO Harris
Investment Management Inc. and Guardian Group of Funds Ltd. The IRC will provide
independent oversight regarding actual and perceived conflicts of interest
involving the publicly offered BMO Financial Group -managed investment funds and
will perform all other functions required of an independent review committee
under National Instrument 81-107, Independent Review Committee for Investment
Funds.
Together with Charles W. White, Chair, the other
distinguished members of the IRC are: Allen B. Clarke, Kenneth W. McArthur, John
K. McBride, R. Jamie Plant and Louise Vaillancourt-Châtillon. They were
appointed the first members of the IRC on May 1, 2007.
Each of the members of the IRC is independent from the
fund managers and other companies associated with BMO Financial Group.
In conjunction with the implementation of the IRC, the
independent trustees who previously governed the BMO Mutual Funds have resigned
as trustees but will continue to serve as members of the IRC. BMO Investments
Inc. has been appointed the sole trustee of the BMO Mutual Funds.
“BMO is committed to continuing to earn the trust of our
investors with effective fund governance and transparent decision-making,” said
Gilles Ouellette, President and Chief Executive Officer, Private Client Group,
BMO Financial Group.
National Instrument 81-107 is a requirement of the
Canadian securities administrators and applies to all managers of investment
funds publicly offered in Canada. Under National Instrument 81-107 all managers
of public investment funds were required to establish an independent review
committee and appoint its first members by May 1, 2007, and must achieve full
compliance with the instrument by November 1, 2007.
BMO Financial Group’s Private Client Group provides
integrated wealth management services in Canada and the United States and had
total assets under management and administration and term investments of $277.19
billion as at July 31, 2007.
Back
to top of page
BMO Confirms its Canadian Money Market Funds Have No
Exposure to Non-Bank-Sponsored Asset-backed Commercial Paper
Toronto, August
20, 2007 – BMO Financial Group issued a statement today confirming that
none of the money market funds offered by each of BMO Mutual Funds and GGOF
Guardian Group of Funds has exposure in their portfolios to asset-backed
commercial paper issued by non-bank-sponsored conduits. All asset-backed
commercial paper owned in these Canadian money market funds is sponsored by the
major Canadian banks and does not include any exposure to U.S. sub-prime,
collateralized debt obligations, and derivatives markets.
The bank said that, to date, it
has not experienced higher than normal redemption activity in these funds and it
does not expect any pricing or valuation issues or changes to their net asset
values.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS Bank of Montreal’s public communications often include
written or oral forward-looking statements. Statements of this type are included
in this document, and may be included in other filings with Canadian securities
regulators or the U.S. Securities and Exchange Commission, or in other
communications. All such statements are made pursuant to the ‘safe harbor’
provisions of, and are intended to be forward-looking statements under, the
United States Private Securities Litigation Reform Act of 1995 and any
applicable Canadian securities legislation. Forward-looking statements may
involve, but are not limited to, comments with respect to our objectives and
priorities for 2007 and beyond, our strategies or future actions, our targets,
expectations for our financial condition or share price, and the results of or
outlook for our operations or for the Canadian and U.S. economies.
By their nature, forward-looking
statements require us to make assumptions and are subject to inherent risks and
uncertainties. There is significant risk that predictions, forecasts,
conclusions or projections will not prove to be accurate, that our assumptions
may not be correct and that actual results may differ materially from such
predictions, forecasts, conclusions or projections. We caution readers of this
document not to place undue reliance on our forward-looking statements as a
number of factors could cause actual future results, conditions, actions or
events to differ materially from the targets, expectations, estimates or
intentions expressed in the forward-looking statements.
The future outcomes that relate to
forward-looking statements may be influenced by many factors, including but not
limited to: general economic conditions in the countries in which we operate;
interest rate and currency value fluctuations; changes in monetary policy; the
degree of competition in the geographic and business areas in which we operate;
changes in laws; judicial or regulatory proceedings; the accuracy and
completeness of the information we obtain with respect to our customers and
counterparties; our ability to execute our strategic plans and to complete and
integrate acquisitions; critical accounting estimates; operational and
infrastructure risks; general political conditions; global capital market
activities; the possible effects on our business of war or terrorist activities;
disease or illness that impacts on local, national or international economies;
disruptions to public infrastructure, such as transportation, communications,
power or water supply; and technological changes.
We caution that the foregoing list is not exhaustive of all
possible factors. Other factors could adversely affect our results. For more
information, please see the discussion on pages 28 and 29 of BMO’s 2006 Annual
Report, which outlines in detail certain key factors that may affect BMO’s
future results. When relying on forward-looking statements to make decisions
with respect to Bank of Montreal, investors and others should carefully consider
these factors, as well as other uncertainties and potential events, and the
inherent uncertainty of forward-looking statements. Bank of Montreal does not
undertake to update any forward-looking statement, whether written or oral, that
may be made, from time to time, by the organization or on its behalf.

BMO Launches Only Life Cycle Funds in
Canada that Lock in Daily Market Gains
TORONTO, June
18, 2007 – BMO Investments Inc. today launched BMO LifeStage Plus
Funds, a unique investment option that helps investors save for specific
long-term goals, such as a child’s education or retirement.
BMO LifeStage Plus Funds are similar to the relatively
new, and increasingly popular, life cycle funds now available throughout North
America. Demand for life cycle funds in the U.S. has been particularly strong,
with assets growing at a pace of 340 per cent between 2004 and 2006, compared to
the 40 per cent growth rate of the rest of the fund industry.*
In contrast to traditional mutual funds, life cycle
funds have “target end dates” – the day the fund will end or mature. As this
date approaches, the overall asset allocation of the fund automatically adjusts
to become more conservative. This helps investors take advantage of market
growth opportunities early on in their investments, while protecting the value
of the fund as it gets closer to maturity.
What makes BMO’s new funds unique is that for the first
time in Canada these funds will also include a daily lock-in feature. This means
that investors will receive the highest daily value during the life of the fund
if they remain fully invested in the fund until its target end date.
Investors simply select one of four portfolios (based on
target end dates of 2015, 2020, 2025 and 2030) that best coincides with their
savings goal. The portfolio will then be adjusted over the life of the fund, and
rebalanced to maintain the appropriate asset mix. As long as investors
remain fully invested until the fund has reached its target end date, they will
receive the Guaranteed Maturity Amount: the highest daily unit value in the
fund’s history (at minimum their initial investment).
“The built-in asset class rebalancing feature is well
suited for investors who want a simple, well-diversified portfolio that they
don’t have to worry about after they determine which maturity date works best
for them,” said Ed Legzdins, President and CEO, BMO Investments Inc. “The
maintenance-free portfolio simplifies investing - it helps investors limit
downside risk the closer they are to needing the money, which allows them to
confidently plan for the significant milestones in their lives.”
How BMO LifeStage Plus Funds work BMO LifeStage Plus Funds provide investors with a
professionally managed, globally diversified portfolio, made up of BMO Mutual
Funds and/or a fixed income component. Each of the BMO LifeStage Plus Funds will
provide exposure to a range of the following BMO Mutual Funds at various points
during the life of the fund: BMO Dividend Fund, BMO U.S. Equity Fund, BMO
International Equity Fund and BMO Monthly Income Fund.
The equity component provides the funds with growth
potential and the fixed income component provides the funds with downside
protection as the funds near their target end dates. The asset mix will be
monitored daily and will gradually shift, based on market conditions and time to
maturity, to fixed income securities by the funds’ target end dates. Together,
these two components offer clients growth potential with a Guaranteed Maturity
Amount.
Investors can purchase units in the fund at any time at
the fund’s current unit value and will still receive the highest daily unit
value in the fund’s history. If investors redeem units prior to maturity, they
will receive the fund’s unit value at the time of redemption.
*As of December 31, 2006, according to Investment
Company Institute (ICI), the national association of U.S. investment companies
Back
to top of page
BMO Global Tax Advantage Funds Inc. - 2006 Eligible
Dividend Designation
The 2006 Federal Budget proposal to reduce the effective
rate of income tax on "eligible dividends" paid by Canadian corporations to
Canadian resident individuals became law on February 21, 2007. This new
legislation applies to "eligible dividends" paid on or after January 1,
2006.
For the purposes of the Income
Tax Act (Canada) and any similar provincial and territorial legislation,
BMO Global Tax Advantage Funds Inc. (the "Company") designates dividends paid by
the Company in the 2006 calendar year as follows:
| Federal -
Allocation of Canadian Dividend |
| Fund |
Eligible |
Non-eligible |
| Global Balanced Class |
87.05% |
12.95% |
| Canadian Equity Class |
85.69% |
14.31% |
| Global Equity Class |
87.97% |
12.03% |
| Dividend Class |
83.79% |
16.21% |
Prior to 2006, dividends paid by Canadian corporations
("taxable Canadian dividends") to Canadian resident individuals were subject to
a gross-up of 25% and federal dividend tax credit of 13.3333% of the grossed-up
dividend. Effective January 1, 2006, there are two types of taxable Canadian
dividends: eligible dividends and dividends that are not eligible ("ineligible
dividends"). Ineligible dividends continue to be subject to a gross-up of 25%
and federal dividend tax credit of 13.3333%. Eligible dividends are subject to a
gross-up of 45% and federal dividend tax credit of 18.9655% of the grossed-up
dividend. As a result, eligible dividends are subject to a lower effective tax
rate than ineligible dividends. Depending on your province of residence, similar
provincial enhanced dividend tax credits may also be available.
Please consult with your own tax advisor for advice with
respect to the income tax consequences to you of the Company designating
dividends paid on its class of shares as "eligible dividends".
Back
to top of page
BMO Investments Inc. Receives Shareholder Approval to
Proceed with Changes to its Mutual Fund Line-Up
TORONTO, April 27,
2007 – BMO Investments Inc. today announced that shareholders approved
the following changes to BMO Global Balanced Class and BMO Short-Term Income
Class.
BMO
Global Balanced Class
The shareholders of this fund approved the proposed
changes to the investment objectives at the shareholders meeting that was held
on April 26, 2007. Accordingly, effective April 30, 2007, the investment
objectives for BMO Global Balanced Class will be changed in order to allow the
fund to invest primarily in dividend-yielding common and preferred shares of
companies from around the word. The fund’s name will also be changed at this
time to “BMO Global Dividend Class” to reflect the change to the fund’s
investment objectives.
“Investors are increasingly looking outside of Canada
for opportunities to participate in the stability and growth potential of
large-cap blue chip firms,” said Ed Legzdins, President and CEO, BMO Investments
Inc. “Investors in BMO Global Dividend Class will benefit from global equity
exposure and geographic diversification in their portfolio, with an emphasis on
dividend distributing equities.”
In addition, as of April 30, 2007, KBC Asset Management
International Limited will become the portfolio manager for this fund, replacing
Insight Investment Management (Global) Limited.
KBC is a wholly-owned subsidiary of KBC Asset Management
Ltd., in Dublin, Ireland, which has been managing assets for more than 25 years
and is ultimately owned by the KBC Group, a financial services provider
headquartered in Brussels and publicly listed on the Euronext Stock Exchange
with operations in more than 30 countries. KBC and related companies had more
than $26 billion in assets under management as of December 31, 2006.
BMO
Short-Term Income Class
The shareholders of this fund approved the proposed
changes to this fund’s investment objectives, as described below, at the
shareholders meeting that was held on April 26, 2007. The approved changes,
including the name change from “BMO Short Term Income Class” to “BMO Capital
Yield Class”, will be implemented later in the year, when the manager is in a
position to proceed with the changes in a manner that is cost-effective and
compliant with applicable regulatory requirements, and is in the best interests
of the shareholders.
Once implemented, the new investment objectives will be
to provide a return similar to that of a fixed income fund by investing
primarily in Canadian equity securities and entering into forward contracts or
other permitted derivatives in order to provide the fund with a return
determined by reference to the performance of a fixed income fund. It is
expected that the earnings derived from these transactions will be treated as
capital gains and, if distributed to shareholders, will be capital gains
dividends for tax purposes. Where, in the opinion of the portfolio manager, the
after tax returns do not outweigh the costs of using the derivative strategy,
the fund may primarily invest directly in fixed income securities. In these
circumstances, it is expected that the earnings generated will be interest
income.
Back
to top of page
BMO Investments Inc. Announces Changes to its Mutual Fund
Line-Up
TORONTO, March 23,
2007 – BMO Investments Inc. today announced proposed changes to BMO
Global Balanced Class and BMO Short-Term Income Class which will be effective on
or about April 30, 2007.
BMO
Global Balanced Class
Subject to shareholder approval, the investment
objectives for BMO Global Balanced Class will be revised to allow this fund to
invest primarily in dividend-yielding common and preferred shares of companies
from around the world.
If approved by shareholders, this fund’s new investment
objectives will be “to achieve a high level of total return from the value of
your investment, including dividend income and capital gains, by investing
primarily in dividend yielding common and preferred shares of companies from
around the world. As part of its investment objectives, the fund invests
primarily in equities of companies that trade on recognized stock exchanges in
countries around the world.” As part of the resolution to change the investment
objectives of this fund, shareholders will also be asked to approve a change in
this fund’s name to “BMO Global Dividend Class” to reflect the new investment
objectives.
This fund’s current objectives are to achieve a high
level of total return, including capital gains, interest and dividend income by
investing primarily in equity and fixed income securities of issuers that may be
located anywhere in the world.
A meeting of shareholders of this fund will be held on or
about April 26, 2007. If the change to this fund’s investment objectives and
name is approved, the investment strategies for this fund will also be revised,
and KBC Asset Management International Limited (“KBC”) will become the portfolio
manager for this fund, to be effective on or about April 30, 2007.
KBC is a wholly-owned subsidiary of KBC Asset Management
Ltd, Dublin, which has been managing assets for more than 25 years and is
ultimately owned by the KBC Group, a financial services provider headquartered
in Brussels and publicly listed on the Euronext Stock Exchange in Brussels with
operations in more than 30 countries. KBC and related companies had more than
$26 billion in assets under management as of December 31, 2006.
BMO
Short-Term Income Class
Subject to shareholder and regulatory approval, the
investment objectives for BMO Short-Term Income Class will be revised to allow
the fund to provide a return similar to that of a fixed income fund. By
investing primarily in Canadian equity securities and entering into forward
contracts or other permitted derivatives, this fund seeks to provide a return
determined with reference to the performance of a fixed income fund managed by
BMO Investments Inc.
This fund
expects that the earnings derived from these transactions will be treated as
capital gains, and if distributed to shareholders, will be capital gains
dividends for tax purposes.
This fund’s current objectives are to provide the
opportunity to invest in a fixed-income fund for the short term, as an
alternative or in addition to the equity funds included in the BMO Global Tax
Advantage Funds and to provide current income while preserving capital and
maintaining liquidity. As part of its current investment objectives, this fund
invests primarily in high quality securities like Canadian treasury bills, other
Canadian short-term fixed-income securities and highly related commercial paper
with terms to maturity of less than three years.
As part of the resolution to change the investment
objectives of this fund, shareholders will also be asked to approve a change in
this fund’s name to “BMO Capital Yield Class” to reflect the new investment
objectives. If the change to this fund’s investment objectives and name is
approved, the investment strategies for this fund will be revised to reflect the
new objectives. A meeting of shareholders of this fund will be held on or about
April 26, 2007. If approved, such changes will be effective on or about April
30, 2007.
Back to
top of page
Contacts: Paul Gammal, Toronto, paul.gammal@bmo.com, (416)
867-3996 Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514)
877-1101 Laurie Grant, Vancouver, laurie.grant@bmo.com, (604)
665-7596
Back to
top of page
Commentary on
current market events
TORONTO, January 22, 2008 –
What began as relatively isolated concerns about the impact of the U.S. housing
market, has in the past several weeks escalated substantially into forecasts of
a U.S. recession and has been felt in equity markets around the world. Several
of these equity markets have already fallen into what would be considered bear
market territory (defined as a decline of 20% or more from their recent highs)
and a number of others are close.
As we know, the equity market tends to be forward looking,
that is, it attempts to discount what is going to occur in the future. If this
is the case, then the declines of the past several weeks don’t bode well for the
direction of the economy. And some recent economic statistics appear to bear
this out. Housing starts, consumer confidence, and a key business indicator have
all recently been closer to levels seen around previous recessions.
However, all the economic news is
not of the bad variety. U.S. employment figures remain strong, inventories
relative to sales are at very low levels, and the decline in the U.S. dollar has
led to an acceleration of exports. This positive data would point more towards a
slowdown or a mild recession at worst.
At least part of the most recent sell-off can also be
attributed to market sentiment, which is very negative. However, it is important
to remember that market sentiment has very little predictive value for market
levels one or two years down the road. In fact, by the time market sentiment
turns positive, equity markets will have already rebounded.
As always, while volatility is a
natural corrective function of capital markets, developing a well diversified
portfolio with the help of an investment professional is a prudent strategy that
can help weather that volatility and achieve long-term investment objectives.
This commentary is provided for
informational purposes only. Investments and investment strategies should be
evaluated relative to each individual’s investment objectives. The information
contained herein is not, and should not be construed as, investment advice to
any party. Professional advice should be obtained with respect to any
circumstance.
Back to
top of page
BMO Mutual Funds
crowned as winner in DALBAR’s 2007 Service Awards
TORONTO, January 16, 2008 –
BMO Mutual Funds has won DALBAR’s 2007 Mutual Funds Service Award for providing
the best overall service to their investors for the second consecutive year in
both English and French.
BMO Investments Inc. to Offer
Multi-Series Structure for Certain BMO Mutual Funds to Provide Investors with
More Purchase Options
TORONTO, November 13, 2007 –
BMO Investments Inc., the manager of BMO Mutual Funds, today announced that,
effective November 9, 2007, certain BMO Mutual Funds have qualified for
distribution as Series I units or Series D units, or both, in addition to the
Series A units, which are available to all investors. This will enable these
funds to provide new purchase options in the future that are tailored for
specific types of investors. The Series I units will be available only to
institutional investors, and the Series D units will only become available to
investors who purchase units through BMO InvestorLine Inc.
About BMO Investments
Inc. BMO Investments Inc. is a member of the BMO
Financial Group and part of the organization’s Private Client Group. The Private
Client Group provides integrated wealth management services in Canada and the
United States and had total assets under management and administration and term
investments of $277 billion as at July 31, 2007.
Contacts: JoAnne Hayes, Toronto, joanne.hayes@bmo.com, (416)
867-3996 Lucie Gosselin, Montreal, lucie.gosselin@bmo.com, (514)
877-8224 Laurie Grant, Vancouver, laurie.grant@bmo.com, (604)
665-7596
Back to
top of page
BMO Global Tax Advantage Fund
Inc. Eligible Dividend Designation
TORONTO, September 27, 2007 –
The 2006 Federal Budget proposal to reduce the effective rate of income tax on
"eligible dividends" paid by Canadian corporations to Canadian resident
individuals became law on February 21, 2007. This new legislation applies to
"eligible dividends" paid on or after January 1, 2006.
Starting in 2006 there are two types
of Canadian taxable dividends: eligible dividends and ineligible dividends.
Eligible dividends are subject to a 45% gross-up and 18.9655% federal tax credit
on the grossed-up dividend; whereas ineligible dividends are subject to a 25%
gross-up and 13.3333% federal tax credit on the grossed-up dividend. As a
result, the effective rate of federal income tax on eligible dividends is lower
than the effective rate of federal income tax on ineligible dividends.
For the purposes of the Income Tax
Act (Canada) and any similar provincial and territorial legislation, BMO Global
Tax Advantage Funds Inc. (the “Fund”), designates the dividends paid on its
classes of shares (listed below) on September 27, 2007 as “eligible dividends”.
Please consult with your own tax
advisor for advice with respect to the income tax consequences to you of the
Fund designating dividends paid on its shares as “eligible dividends”. Here are
the final distribution amounts for the BMO Global Tax Advantage Classes for the
year ending September 30, 2007.
| Name of Class |
Fund No. |
Eligible Canadian Dividends per share |
Capital Gains Dividends |
Total Distributions per share |
| BMO Global Dividend
Class |
211 |
$0.0026 |
Nil |
$0.0026 |
| BMO Canadian Equity
Class |
221 |
$0.1816 |
Nil |
$0.1816 |
| BMO Global Equity Class |
231 |
$0.0038 |
Nil |
$0.0038 |
| BMO Dividend Class |
241 |
$0.2689 |
Nil |
$0.2689 |
Back to
top of page
BMO Mutual Funds to Improve Cost Certainty and Fee
Transparency for Investors
TORONTO, September 14, 2007 –
BMO Investments Inc., the manager of BMO Mutual Funds, today announced it will
pay the majority of operating expenses for its Funds, in return for a fixed
administration fee. This change will provide investors with greater certainty
with respect to each Fund’s management expense ratio (MER), which will become
more transparent and predictable. MERs for all Funds will either decrease or
remain neutral, compared to MERs in 2006. These changes will be effective
December 1, 2007.
“By replacing
operating expenses with a fixed administration fee, the MER for each BMO Fund
will become more stable and provide unitholders with clear pricing and greater
certainty about the cost of investing in a BMO Mutual Fund,” said Ed Legzdins,
President and CEO, BMO Investments Inc.
The Funds have an Independent Review Committee (the “IRC”)
that provides independent oversight and advice to the manager. BMO Investments
Inc. referred this change to the IRC for its review and input as required by
securities regulation. The IRC was of the opinion that the proposed change will
achieve a fair and reasonable result for the Funds and provided a positive
recommendation to BMO Investments Inc.
Unitholders will be notified in writing during the fourth
week of September, as required by securities regulations. The proposed rate of
the annual administration fee for each Fund is set out below.
| BMO Mutual Funds |
New Fixed Administration Fee (%) |
| Security Funds |
| BMO T-Bill Fund |
0.15 |
| BMO Money Market Fund |
0.12 |
| BMO AIR MILES®† Money
Market Fund |
0.15 |
| BMO Premium Money Market
Fund |
0.06 |
| Income
Funds |
| BMO Mortgage &
Short-Term Income Fund |
0.17 |
| BMO Bond Fund |
0.15 |
| BMO Monthly Income Fund |
0.12 |
| BMO World Bond Fund |
0.30 |
| BMO Diverisified Income
Fund |
0.25 |
| BMO Global Monthly Income
Fund |
0.23 |
| BMO Global High Yield Bond
Fund |
0.28 |
| BMO Income Trust Fund |
0.20 |
| Growth
Funds |
| BMO Asset Allocation
Fund |
0.17 |
| BMO Dividend Fund |
0.13 |
| BMO Equity Index Fund |
0.10 |
| BMO Equity Fund |
0.16 |
| BMO U.S. Equity Index
Fund |
0.20 |
| BMO U.S. Growth Fund |
0.30 |
| BMO U.S. Equity Fund |
0.25 |
| BMO International Index
Fund |
0.19 |
| BMO International Equity
Fund |
0.32 |
| BMO North Ameican Dividend
Fund |
0.30 |
| BMO European Fund |
0.28 |
| BMO Japanese Fund |
0.40 |
| Aggressive Growth Funds |
| BMO Special Equity Fund |
0.27 |
| BMO U.S. Special Equity
Fund |
0.30 |
| BMO Resource Fund |
0.15 |
| BMO Precious Metals Fund |
0.18 |
| BMO Global Science &
Technology Fund |
0.35 |
| BMO Emerging Markets
Fund |
0.40 |
| U.S.
Dollar Funds |
| BMO U.S. Dollar Money
Market Fund |
0.15 |
| BMO U.S. Dollar Monthly
Income Fund |
0.20 |
| BMO U.S. Dollar Equity
Index Fund |
0.20 |
| BMO
Global Tax Advantage Funds |
| BMO Short-Term Income
Class |
0.20 |
| BMO Dividend Class |
0.22 |
| BMO Catégorie actions
canadiennes |
0.27 |
| BMO Global Dividend
Class |
0.35 |
|
|