BMO Mutual Funds to Improve Cost Certainty and Fee Transparency for Investors

    TORONTO, Sept. 14 /CNW/ - BMO Investments Inc., the manager of BMO Mutual
Funds, today announced it will pay the majority of operating expenses for its
Funds, in return for a fixed administration fee. This change will provide
investors with greater certainty with respect to each Fund's management
expense ratio (MER), which will become more transparent and predictable. MERs
for all Funds will either decrease or remain neutral, compared to MERs in
2006. These changes will be effective December 1, 2007.
    "By replacing operating expenses with a fixed administration fee, the MER
for each BMO Fund will become more stable and provide unitholders with clear
pricing and greater certainty about the cost of investing in a BMO Mutual
Fund," said Ed Legzdins, President and CEO, BMO Investments Inc.
    The Funds have an Independent Review Committee (the "IRC") that provides
independent oversight and advice to the manager. BMO Investments Inc. referred
this change to the IRC for its review and input as required by securities
regulation. The IRC was of the opinion that the proposed change will achieve a
fair and reasonable result for the Funds and provided a positive
recommendation to BMO Investments Inc.
    Unitholders will be notified in writing during the fourth week of
September, as required by securities regulations. The proposed rate of the
annual administration fee for each Fund is set out below.

    BMO Mutual Funds                              New Fixed
                                                    Fee (%)
    BMO T-Bill Fund                                  0.15
    BMO Money Market Fund                            0.12
    BMO Air Miles(R)(+) Money Market Fund            0.15
    BMO Premium Money Market Fund                    0.06

    BMO Mortgage and Short-Term Income Fund          0.17
    BMO Bond Fund                                    0.15
    BMO Monthly Income Fund                          0.12
    BMO World Bond Fund                              0.30
    BMO Diversified Income Fund((*))                 0.25
    BMO Global Monthly Income Fund                   0.23
    BMO Global High Yield Bond Fund                  0.28
    BMO Income Trust Fund                            0.20

    BMO Asset Allocation Fund                        0.17
    BMO Dividend Fund                                0.13
    BMO Equity Index Fund                            0.10
    BMO Equity Fund                                  0.16
    BMO U.S. Equity Index Fund                       0.20
    BMO U.S. Growth Fund                             0.30
    BMO U.S. Equity Fund                             0.25
    BMO International Index Fund                     0.19
    BMO International Equity Fund                    0.32
    BMO North American Dividend Fund                 0.30
    BMO European Fund                                0.28
    BMO Japanese Fund                                0.40

    BMO Special Equity Fund                          0.27
    BMO U.S. Special Equity Fund                     0.30
    BMO Resource Fund                                0.15
    BMO Precious Metals Fund                         0.18
    BMO Global Science & Technology Fund             0.35
    BMO Emerging Markets Fund                        0.40

    BMO U.S. Dollar Money Market Fund                0.15
    BMO U.S. Dollar Monthly Income Fund              0.20
    BMO U.S. Dollar Equity Index Fund                0.20

    BMO Short-term Income Class                      0.20
    BMO Dividend Class                               0.22
    BMO Canadian Equity Class                        0.27
    BMO Global Dividend Class(1)                     0.35
    BMO U.S. Equity Class                            0.30
    BMO Global Equity Class                          0.35
    BMO Greater China Class                          0.35

    BMO LifeStage Plus(TM) 2015 Fund                 0.25
    BMO LifeStage Plus(TM) 2020 Fund                 0.25
    BMO LifeStage Plus(TM) 2025 Fund                 0.25
    BMO LifeStage Plus(TM) 2030 Fund                 0.25

    BMO FundSelect(TM) Security Portfolio            0.20
    BMO FundSelect(TM) Balanced Portfolio            0.20
    BMO FundSelect(TM) Growth Portfolio              0.20
    BMO FundSelect(TM) Aggressive Growth Portfolio   0.20

    About BMO Investments Inc.

    BMO Investments Inc. is a member of the BMO Financial Group and part of
the organization's Private Client Group. The Private Client Group provides
integrated wealth management services in Canada and the United States and had
total assets under management and administration and term investments of
$277.19 billion as at July 31, 2007.

For further information:

For further information: JoAnne Hayes, Toronto,,
(416) 867-3996; Lucie Gosselin, Montreal,, (514)
877-8224; Laurie Grant, Vancouver,, (604) 665-7596;

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890