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BMO Mortgage and Short-Term Income Fund Series A

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Cdn Short Term Fixed Inc

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(10-11-2024) 		$10.76
Change
$0.01 (0.11%)

As at September 30, 2024

As at September 30, 2024

Period
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Legend

BMO Mortgage and Short-Term Income Fund Series A

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Fund Returns

Inception Return (July 16, 1974): 5.92%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.27% 3.17% 4.33% 4.65% 8.80% 4.83% 1.06% 0.60% 1.18% 1.50% 1.24% 0.87% 0.84% 0.87%
Benchmark 1.26% 3.28% 4.58% 5.04% 9.22% 5.27% 1.77% 1.30% 2.01% 2.37% 2.16% 1.81% 1.82% 1.93%
Category Average 1.15% 4.09% 4.09% 4.64% 8.67% 5.09% 1.45% 1.19% 1.68% 1.93% 1.71% 1.44% 1.45% 1.39%
Category Rank 150 / 324 167 / 315 172 / 311 199 / 282 180 / 280 199 / 263 201 / 247 203 / 234 206 / 229 189 / 214 183 / 200 173 / 184 162 / 174 151 / 162
Quartile Ranking 2 3 3 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund 0.65% 1.69% 1.57% -0.17% 0.03% 0.45% -0.42% 0.82% 0.72% 1.45% 0.43% 1.27%
Benchmark 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86% 0.79% 1.36% 0.63% 1.26%

Best Monthly Return Since Inception

6.98% (May 1980)

Worst Monthly Return Since Inception

-4.27% (October 1979)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 1.68% 0.78% -0.46% -0.65% 0.59% 1.92% 4.04% -1.80% -4.97% 4.54%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking 4 3 4 4 3 4 4 4 4 3
Category Rank 112/ 145 121/ 166 171/ 179 161/ 184 151/ 204 200/ 219 172/ 229 213/ 235 194/ 249 189/ 263

Best Calendar Return (Last 10 years)

4.54% (2023)

Worst Calendar Return (Last 10 years)

-4.97% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Corporate Bonds 41.51
Canadian Bonds - Other 26.77
Canadian Government Bonds 26.58
Mortgages 3.86
Cash and Equivalents 1.27
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 98.72
Cash and Cash Equivalent 1.27
Other 0.01

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
Canada Government 4.00% 01-Mar-2029 12.08
CANADIAN MORTGAGE POOLS CAN 97518515 0.58% 01-Dec-2025 4.79
CANADIAN MORTGAGE POOLS CAN 97519965 0.84% 01-Aug-2026 4.27
CANADIAN MORTGAGE POOLS CAN 97525954 4.04% 01-Aug-2028 3.86
Quebec Province 2.75% 01-Sep-2028 3.41
CANADIAN MORTGAGE POOLS CAN 97523675 3.40% 01-Dec-2027 2.91
CANADIAN MORTGAGE POOLS CAN 97519598 0.84% 01-Jun-2026 2.66
CANADIAN MORTGAGE POOLS CAN 97522093 1.39% 01-Jun-2027 2.59
Ontario Province 2.60% 02-Jun-2027 2.31
Ontario Province 2.90% 02-Jun-2028 2.18

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Mortgage and Short-Term Income Fund Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 3.04% 2.57% 2.03%
Beta 1.04% 1.04% 1.00%
Alpha -0.01% -0.01% -0.01%
Rsquared 0.99% 0.97% 0.96%
Sharpe -0.74% -0.39% -0.33%
Sortino -0.77% -0.85% -1.20%
Treynor -0.02% -0.01% -0.01%
Tax Efficiency 41.90% 52.62% 45.28%
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 2.39% 3.04% 2.57% 2.03%
Beta 1.05% 1.04% 1.04% 1.00%
Alpha -0.01% -0.01% -0.01% -0.01%
Rsquared 0.99% 0.99% 0.97% 0.96%
Sharpe 1.58% -0.74% -0.39% -0.33%
Sortino 6.67% -0.77% -0.85% -1.20%
Treynor 0.04% -0.02% -0.01% -0.01%
Tax Efficiency 91.20% 41.90% 52.62% 45.28%

Fund Details

Start Date July 16, 1974
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $164

Fund Codes

FundServ Code Load Code Sales Status
BMO141
BMO70141

Investment Objectives

This fund’s objective is to provide a level of income consistent with investments in short-term fixed income securities. The fund invests primarily in short-term, high-quality, fixed income securities issued by or guaranteed by Canadian federal, provincial or municipal governments or issued by corporations.

Investment Strategy

These are the strategies the portfolio manager uses to try to achieve the fund’s objective: examines economic indicators like growth, inflation and monetary policy to provide a framework for selecting appropriate securities; analyzes credit ratings of various issuers to determine the best potential investments for the portfolio; allocates investments among government and corporate securities to diversify the fund’s holdings.

Portfolio Manager(s)

Name Start Date
Andrew Osterback 10-01-2009
Earl Davis 05-24-2024
Vishang Chawla 05-24-2024
Gordon Rumble 05-24-2024

Management and Organization

Fund Manager BMO Investments Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar State Street Trust Company Canada
Distributor BMO Investments Inc.
Auditor PriceWaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 100

Fees

MER 1.00%
Management Fee 1.25%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.50%
Trailer Fee Max (LL) -

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