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GlobeinvestorGOLD Canada's most comprehensive investment tool.

Fund Price: $7.43 (as at April 17, 2014)  1-day chg: $-.0022 -0.03%  YTD: 4.56%

Returns as at March 31, 2014

  Fund Group Avg Index*
1 Month 1.04% 0.57% 0.57%
3 Months 3.98% 3.54% 3.54%
6 Months 8.08% 8.81% 8.78%
1 Year 8.28% 11.20% 11.09%
2 Year Avg 6.46% 8.40% 8.46%
3 Year Avg 4.77% 5.41% 5.33%
4 Year Avg 6.04% 6.24% 6.25%
5 Year Avg 8.95% 9.16% 9.10%
10 Year Avg 5.51% 5.23% 4.55%
15 Year Avg 5.74% 4.99% 4.56%
20 Year Avg - 5.95% 5.67%
Since Inception 5.78% - -
 
2013 6.56% 11.23% 11.08%
2012 4.71% 5.95% 5.84%
2011 2.26% -1.33% -1.79%
 
3 year risk 3.87 5.34 4.77
3 year beta 0.72 1.01 1.00

*Globe Cdn Neutral Balanced Peer Index

Growth of $10,000

This graph shows how a $10,000 investment in this fund would have changed in value compared with the Globe Cdn Neutral Balanced Peer Index.

Risk Measures as at March 31, 2014

Best/Worst 12 months (since inception)
Best (ending Feb 10): 23.91 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Worst (ending Feb 09): -17.34 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
Volatility meter (Based on 3 year standard deviation from GlobeInvestor.com)
Low VOLATILITY METER: 4 High

Fund Objectives

The investment objective of the Fund is to provide a consistent level of monthly income as well as capital preservation. The Fund invests primarily in high yielding bonds, debentures and other debt instruments issued by corporations, the Canadian Government, government agencies and provincial governments, as well as preferred and common shares, real estate investment trusts ("REITS"), royalty trusts and similar high yielding instruments. To enhance the yield, the Fund may also invest in lower-rated or unrated securities as well as derivative instruments such as options, futures and forwards. It may also invest in comparable securities of non-Canadian issuers. This Fund aims to provide regular monthly distributions that target the rates available on a 5 year GIC.

Fund Facts

Fund Sponsor: BMO Mutual Funds
Managed by: BMO Asset Management Inc.
Fund Type: MF Trust
Inception Date: February 1997
Asset Class: Canadian Neutral Balanced
Quartile Rank: 3 (3YR ending March 31, 2014)
Total Assets: $3,575.3 million
Mgmt Exp. Ratio (MER): 1.57%
Management Fee: 1.30%
Load Type: No Load
Globe 5-Star Rating:
RRSP Eligible:
Canadian
Min. Invest (initial):
$500
Subsequent:
$50
Min. Invest (initial RRSP):
$500
Subsequent RRSP:
$50
Closed:
No
Restricted:
No
Restriction:
 
 

Asset Allocation January 31, 2014

Equity Sector Weightings January 31, 2014

Bond Type January 31, 2014

Top Holdings as at January 31, 2014

Symbol Company Name Sector Geographic
Area
Asset
Type
% of
Total Assets
  Performance as at April 17, 2014
1 Year Performance (%)
  BMO MSCI EAFE Hedged to CAD Idx ETF Fund 4.83     bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  BMO S&P 500 Index ETF Fund 4.32     bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  BMO High Yield US Corp Bond Hed ETF Fund 3.16     bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 3.75%, JUN/01/19 Bond 2.64   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
RY-T Royal Bank of Canada Banks Canada Stock 1.81   19.62 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
TD-T TD Bank Banks Canada Stock 1.51   28.1 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
BNS-T Bank of Nova Scotia Banks Canada Stock 1.36   15.26 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Quebec, 5.00%, DEC/01/41 Bond 1.34   -6.87 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Ontario, 5.60%, JUN/02/35 Bond 1.22   -6.35 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Gov't of Canada, 4.00%, JUN/01/41 Bond 1.22   -10.71 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Royal Bank of Canada, 0.95%, FEB/03/14 Bond 1.05   - bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of Newfoundland, 10.95%, APR/15/21 Bond 0.99   -6.4 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
SU-T Suncor Energy Integrated Oils Canada Stock 0.95   44.64 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Nova Gas Transmission, 12.20%, FEB/28/16 Bond 0.93   -7.53 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)
  Province of British Columbia, 9.00%, AUG/23/24 Bond 0.92   -5.83 bar graph of the performance of this holding (negative result) bar graph of the performance of this holding (positive result)

Distribution Report (18 months up to April 17, 2014)

Frequency of Income Distributions: Monthly

Frequency of Capital Gain Distributions: Monthly

Date Income Dividend Capital Gain Total (Current Period) Trailing 12-Months Total Reinvestment Price
Apr 16, 2014 0.0240 0.0240 0.3372 7.389
Mar 17, 2014 0.0240 0.0240 0.3732 7.333
Feb 18, 2014 0.0240 0.0240 0.4092 7.279
Jan 16, 2014 0.0240 0.0240 0.4452 7.231
Dec 18, 2013 0.0732 0.0732 0.4812 7.094
Nov 18, 2013 0.0240 0.0240 0.4680 7.228
Oct 16, 2013 0.0240 0.0240 0.5040 7.055
Sep 16, 2013 0.0240 0.0240 0.5400 6.961
Aug 16, 2013 0.0240 0.0240 0.5760 6.977
Jul 16, 2013 0.0240 0.0240 0.6120 7.095
Jun 17, 2013 0.0240 0.0240 0.6480 7.003
May 16, 2013 0.0240 0.0240 0.6840 7.191
Apr 16, 2013 0.0600 0.0600 0.7200 7.112
Mar 18, 2013 0.0600 0.0600 0.7200 7.175
Feb 19, 2013 0.0600 0.0600 0.7200 7.182
Jan 16, 2013 0.0600 0.0600 0.7200 7.204
Dec 17, 2012 0.0600 0.0600 0.7200 7.177
Nov 16, 2012 0.0600 0.0600 0.7200 7.071

Portfolio Manager(s)

Greg Gipson, M. Econ, M. OR

BMO Asset Management Inc.

Start Date: October, 2012

Fund Return: 8.15%

Greg Gipson, M. Econ, M. OR is a Vice President and Head of Portfolio Management, Quantamental Investments since 2009. Previously, he was a portfolio manager and investment strategist in the U.S. and Japanese equity markets for Barclays Global Investors (BGI). He co-managed the U.S. Advanced Active quantitative investments funds and worked on the development and launch of a BGI Japanese equity hedge fund. Greg then spent nearly 10 years managing investment teams and trading desks in the Asia Pacific region. He held senior positions as a founding partner in an Asia-Pacific multi-strategy hedge fund, appointments in proprietary trading, and as head of quantitative portfolio risk and trading strategies. Greg holds both an undergraduate degree in economics and a dual Masters of Science in Engineering Economic Systems and Operations Research from Stanford University. He is a member of American Mensa Ltd, Project Management Institute, and PMI Mass Bay Chapter.

Also manages:BMO Cdn Large Cap Equity Fund - Adv, BMO Diversified Income Portfolio -A, BMO Global Equity Class - A, BMO Global Equity Class - Advisor, BMO Global Small Cap - Classic

View fund manager performance report

George Patterson, CFA, PhD

BMO Asset Management Inc.

Start Date: October, 2012

Fund Return: 8.15%

George Patterson, CFA, PhD is a Portfolio Manager. Prior to joining the organization, George was a founder and Managing Member of Menta Capital LLC, where he oversaw investment research, portfolio management and technology. He spent the bulk of his investment career at Barclays Global Investors (BGI), where he was a Managing Director and head of market neutral portfolio management for U.S. and Global strategies. Prior to heading up the portfolio management team, George worked in a variety of groups at BGI and was responsible for developing many of the investment models used at BGI. He earned a PhD in physics from Boston University, and an S.B. in physics from the Massachusetts Institute of Technology. After earning his doctorate in physics, George was a post doctoral associate at the NASA Jet Propulsion Laboratory in Pasadena, CA. He is also a CFA charterholder.

Also manages:BMO Cdn Large Cap Equity Fund - Adv, BMO Diversified Income Portfolio -A, BMO Global Equity Class - A, BMO Global Equity Class - Advisor, BMO Global Small Cap - Classic

View fund manager performance report

Andrew Osterback, CFA

BMO Asset Management Inc.

Start Date: November, 2013

Fund Return: 4.91%

Andrew Osterback, CFA is a Portfolio Manager on the fixed income team and has over 16 years experience in managing fixed income portfolios. Prior to joining BMO Asset Management Inc. in 2005, Andrew managed a mix of mutual funds, pooled assets, and segregated private client portfolios for a major institutional investor. Andrew holds an Honours Bachelor of Commerce degree from the University of Windsor, a Bachelor of Arts degree (Economics) from the University of Western Ontario and received his CFA designation in 1999.

Also manages:BMO Bond - A, BMO Canadian Tactical ETF Class - A, BMO LifeStage 2017 Class - A, BMO LifeStage 2020 Class - A, BMO LifeStage 2025 Class - A, BMO LifeStage 2030 Class - A, BMO LifeStage 2035 Class - A, BMO LifeStage 2040 Class - A, BMO Money Market - A, BMO Short-Term Income Class - A

View fund manager performance report