MARXX: BMO Prime Money Market Y

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MARXX BMO Prime Money Market Y

  • Fund
  • MARXX
  • Price as of: Dec 09, 2019
  • $1.00
    - $0.00 - 0.00%

Profile

MARXX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 0.0%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $478 M
  • Holdings in Top 10 34.4%

52 WEEK LOW AND HIGH

$1.00
$1.00
$1.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.51%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Money Market Fund
  • Investment Style Prime Money Market

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 0.0%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.03%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BMO Prime Money Market Fund
  • Fund Family Name
    BMO Funds
  • Inception Date
    Nov 23, 1992
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter J. Arts

Fund Description

The fund invests in high quality, short-term money market instruments, such as short-term commercial paper, corporate bonds and notes, asset-backed securities, bank instruments, demand and variable rate demand instruments, U.S. government obligations, municipal securities, repurchase agreements, and funding agreements. It may invest in U.S. dollar-denominated instruments issued by foreign governments, corporations and financial institutions.


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Categories

Performance

MARXX - Performance

Return Ranking - Trailing

Period MARXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 62.07%
1 Yr 0.0% 0.0% 2.4% 69.64%
3 Yr 0.0%* 0.0% 1.8% 70.90%
5 Yr 0.0%* 0.0% 1.2% 71.25%
10 Yr N/A* 0.0% 1.4% 12.40%

* Annualized

Return Ranking - Calendar

Period MARXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 62.10%
2017 0.0% 0.0% 0.0% 62.55%
2016 0.0% 0.0% 0.0% 63.27%
2015 0.0% 0.0% 0.0% 63.35%
2014 0.0% 0.0% 0.0% 63.17%

Total Return Ranking - Trailing

Period MARXX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% 0.0% 0.0% 62.07%
1 Yr 0.0% -5.2% 2.4% 68.96%
3 Yr 0.0%* -1.6% 1.8% 70.54%
5 Yr 0.0%* -1.0% 1.2% 71.00%
10 Yr N/A* -0.5% 1.4% 12.21%

* Annualized

Total Return Ranking - Calendar

Period MARXX Return Category Return Low Category Return High Rank in Category (%)
2018 0.0% 0.0% 0.0% 62.10%
2017 0.0% 0.0% 0.0% 62.51%
2016 0.0% 0.0% 0.0% 63.27%
2015 0.0% 0.0% 0.0% 63.35%
2014 0.0% 0.0% 0.0% 63.17%

NAV & Total Return History


Holdings

MARXX - Holdings

Concentration Analysis

MARXX Category Low Category High MARXX % Rank
Net Assets 478 M 53.2 K 160 B 79.65%
Number of Holdings 119 2 1098 36.78%
Net Assets in Top 10 165 M 53.1 K 98.7 B 81.37%
Weighting of Top 10 34.37% 9.2% 112.9% 62.37%

Top 10 Holdings

  1. Merrill Pierce Fenner Sm Repo - 02dec19 7.31%
  2. Fixed Inc Clearing Corp.Repo 6.27%
  3. Chesham Finance Ltd 0% 3.76%
  4. State Street Institutional U.S 3.14%
  5. Manhattan Asset Funding Company LLC 0% 3.13%
  6. Longship Funding Designated Activity Company 0% 3.13%
  7. Starbird Funding Corporation 0.01% 2.72%
  8. Glencove Funding DAC / Glencove Funding LLC 0% 2.09%
  9. Victory Receivables Corporation 0% 1.57%
  10. LMA SA 0% 1.25%

Asset Allocation

Weighting Return Low Return High MARXX % Rank
Cash
98.56% 0.00% 100.40% 8.09%
Bonds
1.44% 0.00% 103.85% 91.72%
Stocks
0.00% 0.00% 0.00% 62.65%
Preferred Stocks
0.00% 0.00% 0.12% 62.65%
Other
0.00% -5.71% 100.00% 61.62%
Convertible Bonds
0.00% 0.00% 13.91% 65.57%

Bond Sector Breakdown

Weighting Return Low Return High MARXX % Rank
Cash & Equivalents
98.56% 0.00% 100.40% 7.43%
Municipal
1.44% 0.00% 99.82% 25.78%
Derivative
0.00% 0.00% 1.58% 63.31%
Securitized
0.00% 0.00% 35.60% 67.92%
Corporate
0.00% 0.00% 17.24% 74.98%
Government
0.00% 0.00% 103.85% 88.15%

Bond Geographic Breakdown

Weighting Return Low Return High MARXX % Rank
US
1.44% 0.00% 103.85% 87.49%
Non US
0.00% 0.00% 21.12% 69.43%

Expenses

MARXX - Expenses

Operational Fees

MARXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.51% 0.00% 6.36% 46.08%
Management Fee 0.15% 0.00% 0.57% 38.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.00% 0.50% 7.50%

Sales Fees

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

Trading Fees

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

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.

MARXX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 27434.00% N/A

Distributions

MARXX - Distributions

Dividend Yield Analysis

MARXX Category Low Category High MARXX % Rank
Dividend Yield 1.23% 0.00% 3.55% 20.52%

Dividend Distribution Analysis

MARXX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MARXX Category Low Category High MARXX % Rank
Net Income Ratio 2.03% 0.00% 4.52% 18.68%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

MARXX - Fund Manager Analysis

Managers

Peter J. Arts


Start Date

Tenure

Tenure Rank

Feb 17, 2012

7.79

7.8%

Peter manages the Taxable Short Fixed Income Team, overseeing assets in short-duration taxable bond funds, stable value, securities lending, collateralized loan products, offshore funds and separately managed accounts. He is the lead manager of the BMO Prime Money Market Fund, the BMO Government Money Market Fund, the BMO Short-Term Income Fund and related portfolios. He is co-manager of the BMO Tax-Free Money Market Fund. Peter also serves on the Investment Committee, the Risk Committee and the New Business Committee. Peter joined the company in 1994 as a portfolio manager.

Boyd R. Eager


Start Date

Tenure

Tenure Rank

Feb 17, 2012

7.79

7.8%

Boyd is a portfolio manager with the BMO Taxable Fixed Income Team. He serves as a corporate sector specialist for the short-duration group. Boyd is a part of the liquidity products team that has principal responsibility for the firm’s short-duration, securities lending and cash management strategies. He joined the company in 1996. He holds an M.B.A. in finance from DePaul University and a B.S. in business administration from Ferris State University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.37 44.18 13.84 13.78