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BMO Mortgage and Short-Term Income Fund Series A
Cdn Short Term Fixed Inc
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FundGrade D
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|
NAVPS (07-08-2026) |
$10.85 |
|---|---|
| Change |
-$0.02
(-0.18%)
|
As at May 31, 2026
As at May 31, 2026
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Fund Returns
Inception Return (July 16, 1974): 5.82%
| 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 | 0.71% | -0.18% | 0.58% | 0.86% | 2.46% | 4.32% | 4.29% | 3.21% | 1.50% | 1.37% | 1.54% | 1.68% | 1.28% | 1.21% |
| Benchmark | 0.74% | -0.10% | 0.81% | 1.09% | 2.98% | 4.83% | 4.74% | 3.70% | 2.12% | 2.00% | 2.27% | 2.49% | 2.13% | 2.08% |
| Category Average | 0.61% | -0.08% | 0.69% | 0.88% | 2.52% | 4.16% | 4.27% | 3.31% | 1.75% | 1.86% | 1.93% | 2.04% | 1.74% | 1.69% |
| Category Rank | 121 / 302 | 240 / 297 | 219 / 292 | 205 / 293 | 206 / 271 | 156 / 243 | 140 / 214 | 156 / 203 | 151 / 191 | 154 / 180 | 145 / 173 | 142 / 167 | 141 / 158 | 128 / 144 |
| Quartile Ranking | 2 | 4 | 3 | 3 | 4 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.21% | -0.08% | 0.50% | 0.75% | 0.36% | 0.12% | -0.28% | 0.45% | 0.59% | -0.97% | 0.09% | 0.71% |
| Benchmark | 0.27% | -0.08% | 0.59% | 0.75% | 0.38% | 0.22% | -0.27% | 0.45% | 0.74% | -0.88% | 0.04% | 0.74% |
Best Monthly Return Since Inception
6.98% (May 1980)
Worst Monthly Return Since Inception
-4.27% (October 1979)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | -0.46% | -0.65% | 0.59% | 1.92% | 4.04% | -1.80% | -4.97% | 4.54% | 5.24% | 3.25% |
| Benchmark | 0.90% | 0.27% | 1.89% | 2.98% | 5.17% | -0.92% | -3.98% | 4.92% | 5.71% | 3.77% |
| Category Average | 0.85% | 0.42% | 0.53% | 2.93% | 4.36% | -0.83% | -4.45% | 4.84% | 5.17% | 3.22% |
| Quartile Ranking | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 |
| Category Rank | 134/ 142 | 126/ 146 | 130/ 162 | 147/ 169 | 139/ 179 | 164/ 185 | 155/ 194 | 143/ 206 | 152/ 224 | 169/ 261 |
Best Calendar Return (Last 10 years)
5.24% (2024)
Worst Calendar Return (Last 10 years)
-4.97% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 47.22 |
| Canadian Bonds - Other | 31.05 |
| Canadian Government Bonds | 16.32 |
| Mortgages | 3.23 |
| Foreign Corporate Bonds | 1.78 |
| Other | 0.40 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 99.59 |
| Cash and Cash Equivalent | 0.41 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 99.73 |
| Europe | 0.26 |
| Other | 0.01 |
Top Holdings
| Name | Percent |
|---|---|
| Canada Government 4.00% 01-Mar-2029 | 4.26 |
| CANADIAN MORTGAGE POOLS CAN 97531815 3.24% 01-Jun-2030 | 2.64 |
| CANADIAN MORTGAGE POOLS CAN 97532465 3.00% 01-Sep-2030 | 2.63 |
| CANADIAN MORTGAGE POOLS CAN 97527331 3.80% 01-Dec-2028 | 2.56 |
| CANADA HOUSING TRUST GOVT GUARANT 144A 3.20% 15-Jun-2031 | 2.37 |
| CANADIAN MORTGAGE POOLS CAN 97530271 3.80% 01-Nov-2029 | 2.30 |
| CANADIAN MORTGAGE POOLS CAN 97524598 3.20% 01-Mar-2028 | 2.30 |
| CANADIAN MORTGAGE POOLS CAN 97532061 3.24% 01-Jul-2030 | 2.16 |
| CANADIAN MORTGAGE POOLS CAN 97530929 3.04% 01-Feb-2030 | 2.02 |
| Quebec Province 1.90% 01-Sep-2030 | 1.97 |
Equity Style
Fixed Income Style
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 | 2.00% | 2.51% | 2.06% |
|---|---|---|---|
| Beta | 1.02 | 1.03 | 1.03 |
| Alpha | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.99% | 0.97% |
| Sharpe | 0.33 | -0.55 | -0.33 |
| Sortino | 1.09 | -0.72 | -1.01 |
| Treynor | 0.01 | -0.01 | -0.01 |
| Tax Efficiency | 79.72% | 52.11% | 52.78% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 1.68% | 2.00% | 2.51% | 2.06% |
| Beta | 0.99 | 1.02 | 1.03 | 1.03 |
| Alpha | 0.00 | -0.01 | -0.01 | -0.01 |
| Rsquared | 0.99% | 0.99% | 0.99% | 0.97% |
| Sharpe | 0.06 | 0.33 | -0.55 | -0.33 |
| Sortino | -0.40 | 1.09 | -0.72 | -1.01 |
| Treynor | 0.00 | 0.01 | -0.01 | -0.01 |
| Tax Efficiency | 59.80% | 79.72% | 52.11% | 52.78% |
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) | $405 |
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 Management
| Portfolio Manager |
BMO Asset Management Inc.
|
|---|---|
| Sub-Advisor |
- |
Management and Organization
| Fund Manager |
BMO Investments Inc. |
|---|---|
| Custodian |
State Street Trust Company Canada |
| Registrar |
State Street Trust Company Canada Bank of Montreal Investment Services |
| Distributor |
BMO Investments Inc. |
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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