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Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BMO High Yield Bond Fund

MHBNX |

-

$9.31 M

-

1.99%

Vitals

YTD Return

-4.2%

1 yr return

-3.7%

3 Yr Avg Return

-2.4%

5 Yr Avg Return

-1.1%

Net Assets

$9.31 M

Holdings in Top 10

15.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.99%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BMO High Yield Bond Fund

MHBNX |

-

$9.31 M

-

1.99%

MHBNX - Profile

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return -2.4%
  • 5 Yr Annualized Total Return -1.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.70%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BMO High Yield Bond Fund
  • Fund Family Name
    BMO Funds
  • Inception Date
    Dec 29, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ronald Salinas

Fund Description

MHBNX - Performance

Return Ranking - Trailing

Period MHBNX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -17.3% 8.4% 75.80%
1 Yr -3.7% -15.3% 8.0% 78.56%
3 Yr -2.4%* -8.8% 2.2% 78.21%
5 Yr -1.1%* -4.2% 2.2% 81.32%
10 Yr N/A* -2.2% 1.6% N/A

* Annualized

Return Ranking - Calendar

Period MHBNX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% 0.7% 12.6% 61.21%
2022 -9.0% -14.2% -2.4% 81.84%
2021 1.0% -5.7% 4.9% 53.63%
2020 5.7% 0.3% 13.4% 81.48%
2019 -7.7% -17.8% 1.0% 36.18%

Total Return Ranking - Trailing

Period MHBNX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -17.3% 8.4% 75.80%
1 Yr -3.7% -15.3% 8.0% 78.56%
3 Yr -2.4%* -8.8% 2.8% 88.53%
5 Yr -1.1%* -4.2% 5.0% 89.56%
10 Yr N/A* -2.2% 6.5% N/A

* Annualized

Total Return Ranking - Calendar

Period MHBNX Return Category Return Low Category Return High Rank in Category (%)
2023 7.0% 0.7% 12.6% 64.87%
2022 -9.0% -14.2% 0.4% 86.10%
2021 1.0% -5.1% 9.3% 67.42%
2020 5.7% 1.1% 20.7% 84.39%
2019 -7.7% -17.8% 1.0% 48.72%

MHBNX - Holdings

Concentration Analysis

MHBNX Category Low Category High MHBNX % Rank
Net Assets 9.31 M 251 K 26.9 B 97.92%
Number of Holdings 139 3 1683 87.29%
Net Assets in Top 10 1.41 M -476 M 2.48 B 96.88%
Weighting of Top 10 15.90% 4.1% 99.6% 20.00%

Top 10 Holdings

  1. Altice Finco S.A. 7.62% 2.35%
  2. CCO Holdings, LLC/ CCO Holdings Capital Corp. 5.5% 2.33%
  3. STARFRUIT FINCO B V / STARFRUIT US HOLDCO LLC 8% 1.73%
  4. Aker Bp Asa 3.75% 1.59%
  5. ACADIA HEALTHCARE COMPANY, INC. 6.12% 1.41%
  6. DAVITA INC 4.62% 1.40%
  7. Bausch Health Companies Inc 5% 1.33%
  8. Enable Midstream Partners LP 4.4% 1.31%
  9. CommScope Inc. 5.5% 1.24%
  10. Nordstrom, Inc. 8.75% 1.21%

Asset Allocation

Weighting Return Low Return High MHBNX % Rank
Bonds 		100.03% 80.38% 136.76% 1.25%
Stocks 		0.00% 0.00% 9.03% 88.96%
Preferred Stocks 		0.00% 0.00% 5.19% 80.21%
Other 		0.00% -1.39% 7.56% 73.54%
Convertible Bonds 		0.00% 0.00% 7.38% 91.88%
Cash 		-0.03% -38.26% 14.74% 97.08%

Bond Sector Breakdown

Weighting Return Low Return High MHBNX % Rank
Corporate 		99.47% 1.80% 100.00% 7.50%
Government 		0.53% 0.00% 93.17% 9.79%
Derivative 		0.00% 0.00% 24.47% 70.63%
Cash & Equivalents 		0.00% 0.00% 15.10% 97.29%
Securitized 		0.00% 0.00% 10.88% 80.21%
Municipal 		0.00% 0.00% 4.95% 67.92%

Bond Geographic Breakdown

Weighting Return Low Return High MHBNX % Rank
US 		85.91% 67.67% 118.54% 23.54%
Non US 		14.12% 0.29% 29.53% 35.42%

MHBNX - Expenses

Operational Fees

MHBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.99% 0.13% 20.17% 8.33%
Management Fee 0.50% 0.00% 1.60% 29.71%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.30% 84.97%

Sales Fees

MHBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MHBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 54.08%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MHBNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 16.00% 493.00% 1.93%

MHBNX - Distributions

Dividend Yield Analysis

MHBNX Category Low Category High MHBNX % Rank
Dividend Yield 0.00% 0.00% 4.95% 65.83%

Dividend Distribution Analysis

MHBNX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

MHBNX Category Low Category High MHBNX % Rank
Net Income Ratio 5.70% -0.01% 9.04% 21.06%

Capital Gain Distribution Analysis

MHBNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MHBNX - Fund Manager Analysis

Managers

Ronald Salinas

Start Date

Tenure

Tenure Rank

Mar 07, 2017

3.4

3.4%

Ronald is a portfolio manager and responsible for setting portfolio strategy and overseeing implementation across high yield portfolios. In addition, he manages the research team. His responsibilities also include credit analysis on the energy, basic industry and utility sectors, a role he has held since joining BMO in 2004. Ronald holds an M.B.A. from the University of Miami and a B.B.A. in finance from the University of Notre Dame and is a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 35.96 6.78 1.67

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