BMO Announces Changes to Certain BMO Mutual Funds

TORONTO, Jan. 31, 2025 /CNW/ - BMO Investments Inc. (BMOII), the manager of the BMO Mutual Funds, today announced management and administration fee reductions for BMO Strategic Equity Yield Fund and BMO Strategic Fixed Income Yield Fund (each a Fund and collectively, the Funds) and the qualification of Series S securities for BMO Strategic Equity Yield Fund.

Management Fee and Administration Expense Reductions

The following management fee and administration expense reductions will be effective after the close of business on January 31, 2025.

BMOII will reduce the management fees on Series A, F and Advisor Series securities of each Fund as follows:

Series of Securities of BMO Strategic Equity Yield Fund	Current Annual Management Fee	New Annual Management Fee
Series A	1.55 %	1.45 %
Series F	0.55 %	0.45 %
Advisor Series	1.55 %	1.45 %
Series of Securities of BMO Strategic Fixed Income Yield Fund	Current Annual Management Fee	New Annual Management Fee
Series A	1.05 %	0.95 %
Series F	0.55 %	0.45 %
Advisor Series	1.05 %	0.95 %

The administration expenses paid by BMO Strategic Equity Yield Fund in respect of Series A, Series F and Advisor Series securities will be paid by BMOII. BMO Strategic Equity Yield Fund will continue to pay its fund expenses directly.

The fixed administration fee of 0.10% paid to BMOII by BMO Strategic Fixed Income Yield Fund in respect of Series A, Series F and Advisor Series securities will be eliminated.  BMOII will continue to be responsible for payment of the administration expenses for BMO Strategic Fixed Income Yield Fund, other than the fund expenses which continue to be paid by this Fund directly. 

Qualification of Series S Securities

The qualification of Series S securities for BMO Strategic Equity Yield Fund was effective on January 29, 2025.

For more information about the Funds, please visit Mutual Funds | BMO Global Asset Management (bmogam.com).

"BMO (M-bar roundel symbol)" is a registered trademark of Bank of Montreal, used under licence.

BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate. BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.

Commissions, management fees and expenses (if applicable) all may be associated with investments in mutual funds. Trailing commissions may be associated with investments in certain series of securities of mutual funds. Please read the fund facts or simplified prospectus of the relevant Fund before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated. Distributions are not guaranteed and are subject to change and/or elimination. For a summary of the risks of an investment in the BMO Mutual Funds, please see the specific risks set out in the simplified prospectus.

About BMO Financial Group
BMO Financial Group is the eighth largest bank in North America by assets, with total assets of $1.41 trillion as of October 31, 2024. Serving customers for 200 years and counting, BMO is a diverse team of highly engaged employees providing a broad range of personal and commercial banking, wealth management, global markets and investment banking products and services to 13 million customers across Canada, the United States, and in select markets globally. Driven by a single purpose, to Boldly Grow the Good in business and life, BMO is committed to driving positive change in the world, and making progress for a thriving economy, sustainable future, and inclusive society. 

SOURCE BMO Financial Group

Media Contact: Jeff Roman, Toronto, [email protected], [phone]