BMO Financial Group

TSX : BMO
NYSE : BMO


BMO Financial Group
BMO Investments Inc.



March 28, 2014 15:30 ET

BMO Investments Inc. Announces Changes to its Mutual Fund Lineup

TORONTO, ONTARIO--(Marketwired - March 28, 2014) - BMO Investments Inc. (BMOII) today announced changes to its BMO Mutual Funds lineup.

New Series D

Effective on or about April 3, 2014, BMOII will be offering a new discount Series D available only through BMO InvestorLine Inc. Thirty-three BMO Mutual Funds will offer this new Series D, including the BMO ETF Portfolios. Series D provides self-directed investors access to a full suite of professionally managed mutual funds at a lower cost.

Management Fee Reduction

Effective on or about April 3, 2014, BMOII is reducing Series F management fees across its mutual fund lineup, thereby providing access to lower cost mutual funds within fee-based accounts.

"Launching a new Series D and reducing our Series F fees across our mutual fund lineup demonstrates our commitment to providing investors effective solutions for the channel they choose and that best meets their investment needs," said Kevin Gopaul, Senior Vice President and Chief Investment Officer, BMO Asset Management Inc.

Capped Series

Effective after the close of business on April 3, 2014, the series of the following funds will be capped and will no longer be offered for sale to new or existing investors, including through Continuous Savings Plans:

  • Series R of BMO Monthly Income Fund, BMO Global Monthly Income Fund, BMO U.S. Dollar Monthly Income Fund and BMO Diversified Income Portfolio
  • Series I of BMO Security ETF Portfolio Class, BMO Balanced ETF Portfolio Class, BMO Growth ETF Portfolio Class, BMO Equity Growth ETF Portfolio Class, BMO U.S. Dollar Money Market Fund, BMO FundSelect® Security Portfolio, BMO FundSelect® Balanced Portfolio, BMO FundSelect® Growth Portfolio and BMO FundSelect® Equity Growth Portfolio
  • Series H of BMO LifeStage 2017 Class, BMO LifeStage 2020 Class, BMO LifeStage 2025 Class, BMO LifeStage 2030 Class, BMO LifeStage 2035 Class and BMO LifeStage 2040 Class

Changes to Investment Strategies

Effective April 4, 2014, the investment strategies of BMO Global Diversified Fund will change to allow this fund to invest up to 100 per cent of its assets in securities of other mutual funds and/or exchange traded funds.

Change of Portfolio Manager

Effective on or about June 13, 2014, Lazard Asset Management (Canada), Inc. will no longer act as portfolio manager for any portion of BMO U.S. Dollar Monthly Income Fund and will be replaced with BMO Asset Management Corp., Monegy, Inc. and Taplin, Canida & Habacht, LLC. There will be minor changes to the fund's investment strategies as a result of this portfolio manager change.

Risk Rating Changes

The risk rating for the following funds changed as set out below, effective immediately, to align better with these funds' risk levels.

Fund Current Rating New Rating
BMO U.S. Dollar Balanced Fund
Medium

Low to Medium
BMO U.S. Dollar Monthly Income Fund
BMO Global Diversified Fund
BMO Global Absolute Return Fund Medium to high Medium
BMO Emerging Markets Fund Medium to high High

These new risk ratings are not as a result of any changes to the investment objectives, strategies or portfolio management of these mandates.

For more information on BMO Mutual Funds, please visit www.bmo.com/mutualfunds.

About BMO Investments Inc.

BMO Investments Inc. is a member of BMO Financial Group and part of the organization's Private Client Group (PCG). PCG, BMO Financial Group's wealth management businesses, serves a full range of client segments from mainstream to ultra-high net worth individuals and institutions, with a broad offering of wealth management products and solutions including insurance products. PCG operates in both Canada and the United States, as well as in Asia and Europe and had total assets under management and administration of $597 billion as at January 31, 2014.

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus of the mutual fund before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

BMO Mutual Funds, which include classes of shares of BMO Global Tax Advantage Funds Inc., are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal.

®Registered trade-marks of Bank of Montreal, used under license.

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