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BMO Monthly Income Fund Series A

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Canadian Neutral Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2020, 2019, 2016

Click for more information on Fundata’s FundGrade

NAVPS
(11-20-2024) 		$6.70
Change
$0.00 (-0.06%)

As at October 31, 2024

As at August 31, 2024

As at July 31, 2024

Period
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Legend

BMO Monthly Income Fund Series A

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Fund Returns

Inception Return (March 22, 1999): 5.65%

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 -0.68% 2.20% 9.35% 10.05% 20.15% 9.79% 3.54% 6.13% 4.88% 6.11% 5.00% 5.05% 5.30% 5.19%
Benchmark -0.02% 3.47% 10.06% 11.25% 22.29% 10.73% 4.39% 7.65% 6.51% 7.44% 6.03% 6.02% 6.41% 5.69%
Category Average -0.34% 2.08% 8.14% 9.93% 19.40% 9.80% 3.28% 6.52% 5.31% 5.85% 4.61% 4.80% 4.82% 4.52%
Category Rank 394 / 452 316 / 452 104 / 452 317 / 446 230 / 446 269 / 426 284 / 406 330 / 392 318 / 376 246 / 368 203 / 355 216 / 345 194 / 329 130 / 298
Quartile Ranking 4 3 1 3 3 3 3 4 4 3 3 3 3 2

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.44% 3.55% 0.15% 1.19% 1.39% -2.06% 2.20% 0.69% 3.98% 0.74% 2.14% -0.68%
Benchmark 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52% 0.56% 4.19% 0.91% 2.55% -0.02%

Best Monthly Return Since Inception

5.81% (April 2020)

Worst Monthly Return Since Inception

-9.15% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 12.97% 2.42% 6.44% 5.92% -2.05% 14.17% 4.27% 11.73% -9.21% 7.79%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 1 2 4 3 1 2 4 3 3 3
Category Rank 33/ 288 78/ 301 255/ 334 192/ 347 41/ 358 112/ 368 294/ 377 231/ 392 309/ 412 312/ 432

Best Calendar Return (Last 10 years)

14.17% (2019)

Worst Calendar Return (Last 10 years)

-9.21% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 34.19
Canadian Government Bonds 19.47
Canadian Corporate Bonds 17.73
US Equity 14.69
International Equity 6.33
Other 7.59

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 37.85
Financial Services 13.34
Technology 8.15
Consumer Services 5.93
Energy 5.90
Other 28.83

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.84
Europe 4.29
Asia 1.89
Latin America 0.12
Africa and Middle East 0.04
Other -0.18

Top Holdings

Top Holdings
Name Percent
BMO MSCI EAFE Index ETF (ZEA) 5.67
BMO S&P 500 Index ETF (ZSP) 5.03
Royal Bank of Canada 2.87
B7604357 CDS USD R V 03MEVENT 462326059 CCPCDX 1.00% 20-Jun-2029 1.93
Toronto-Dominion Bank 1.84
BMO Global Infrastructure Index ETF (ZGI) 1.65
Canada Government 3.00% 01-Jun-2034 1.63
Enbridge Inc 1.47
Constellation Software Inc 1.30
Canadian Natural Resources Ltd 0.99

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: M. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

BMO Monthly Income Fund Series A

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.94% 9.30% 7.45%
Beta 0.91% 0.87% 0.85%
Alpha 0.00% -0.01% 0.00%
Rsquared 0.96% 0.96% 0.88%
Sharpe 0.05% 0.32% 0.51%
Sortino 0.14% 0.33% 0.45%
Treynor 0.00% 0.03% 0.04%
Tax Efficiency 37.66% 58.59% 54.74%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.19% 8.94% 9.30% 7.45%
Beta 0.92% 0.91% 0.87% 0.85%
Alpha 0.00% 0.00% -0.01% 0.00%
Rsquared 0.95% 0.96% 0.96% 0.88%
Sharpe 1.96% 0.05% 0.32% 0.51%
Sortino 6.31% 0.14% 0.33% 0.45%
Treynor 0.15% 0.00% 0.03% 0.04%
Tax Efficiency 90.15% 37.66% 58.59% 54.74%

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date March 22, 1999
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $6,068

Fund Codes

FundServ Code Load Code Sales Status
BMO148
BMO70148

Investment Objectives

This fund's objectives are: to provide a fixed monthly distribution, to preserve the value of your investment. As part of its investment objectives, the fund invests primarily in: Canadian fixed income securities with higher-than-average yields, issued by the federal government, provincial governments, government agencies and corporations, preferred and common shares, real estate investment trusts, royalty trusts and other high-yielding investments.

Investment Strategy

These are the strategies the portfolio manager (Canadian portfolio) and the sub-advisor (U.S. equity portfolio) use to try to achieve the fund’s objectives: invests in both equities and fixed income securities; when choosing fixed income securities: - invests primarily in securities rated BBB or higher at the time of investment by Standard and Poor’s Rating Service or the equivalent rating as defined by other recognized rating agencies.

Portfolio Manager(s)

Name Start Date
Andrew Osterback 04-02-2012
Robert Armstrong 04-23-2024
Chris Childs 04-23-2024
Alan Xiao 05-24-2024
Gordon Rumble 05-24-2024
Sachal Mahajan 05-24-2024
Mark Sawyer 05-24-2024
Steve Xu 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 1.57%
Management Fee 1.30%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.80%
Trailer Fee Max (LL) -

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