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Name

As of 12/10/2021

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 Strategic Income Fund

MGIIX | Fund

$9.58

$112 M

3.70%

$0.35

0.55%

Vitals

YTD Return

-1.6%

1 yr return

3.1%

3 Yr Avg Return

8.2%

5 Yr Avg Return

5.8%

Net Assets

$112 M

Holdings in Top 10

17.4%

52 WEEK LOW AND HIGH

$9.6
$9.56
$9.84

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 39.00%

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 12/10/2021

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 Strategic Income Fund

MGIIX | Fund

$9.58

$112 M

3.70%

$0.35

0.55%

MGIIX - Profile

Distributions

  • YTD Total Return -1.6%
  • 3 Yr Annualized Total Return 8.2%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 3.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BMO Strategic Income Fund
  • Fund Family Name
    BMO Funds
  • Inception Date
    May 31, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Kimball

Fund Description

MGIIX - Performance

Return Ranking - Trailing

Period MGIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -26.6% 24.7% 57.71%
1 Yr 3.1% -28.8% 35.4% 38.47%
3 Yr 8.2%* -10.8% 12.3% 3.74%
5 Yr 5.8%* -14.6% 12.6% 11.17%
10 Yr 4.1%* -1.7% 14.3% 44.93%

* Annualized

Return Ranking - Calendar

Period MGIIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -49.2% 314.3% 35.59%
2022 8.0% -35.1% 16.7% 9.54%
2021 -7.0% -48.0% 3.4% 78.56%
2020 3.1% -14.8% 11.2% 25.24%
2019 -1.2% -11.2% 12.8% 95.81%

Total Return Ranking - Trailing

Period MGIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.6% -26.6% 24.7% 57.45%
1 Yr 3.1% -32.9% 38.5% 33.03%
3 Yr 8.2%* -12.5% 13.0% 4.32%
5 Yr 5.8%* -15.6% 12.6% 9.59%
10 Yr 4.1%* -1.7% 14.3% 42.86%

* Annualized

Total Return Ranking - Calendar

Period MGIIX Return Category Return Low Category Return High Rank in Category (%)
2023 2.9% -49.2% 314.3% 35.59%
2022 8.0% -35.1% 16.7% 10.02%
2021 -7.0% -48.0% 8.0% 83.30%
2020 3.1% -14.8% 15.2% 48.37%
2019 -1.2% -11.2% 17.7% 97.41%

NAV & Total Return History

MGIIX - Holdings

Concentration Analysis

MGIIX Category Low Category High MGIIX % Rank
Net Assets 112 M 100 145 B 79.64%
Number of Holdings 221 2 7993 67.43%
Net Assets in Top 10 19.7 M -13.9 B 9.48 B 71.25%
Weighting of Top 10 17.37% 4.0% 100.0% 73.28%

Top 10 Holdings

  1. BMO Government Money Market Premier 6.53%
  2. BMO Institutional Prime MMkt Prem 2.65%
  3. Commercial Mortgage Trust 4.21% 1.90%
  4. Freddie Mac Stacr Remic Trust 2.29867% 1.79%
  5. Federal Farm Credit Banks 1.14% 1.76%
  6. Fnma Pass-Thru I 2.5% 1.67%
  7. Wells Fargo Coml Tr 2016-C36 4.17763% 1.56%
  8. Jefferies Finance LLC/JFIN Co-Issuer Corp 7.25% 1.48%
  9. Kinross Gold Corporation 4.5% 1.34%
  10. Suzano Austria GmbH 7% 1.32%

Asset Allocation

Weighting Return Low Return High MGIIX % Rank
Bonds 		91.49% -159.60% 265.72% 34.35%
Cash 		6.53% -172.58% 271.20% 45.93%
Convertible Bonds 		1.98% 0.00% 20.90% 43.64%
Stocks 		0.00% -7.25% 179.21% 85.37%
Preferred Stocks 		0.00% 0.00% 32.35% 80.03%
Other 		0.00% -39.10% 107.15% 62.60%

Bond Sector Breakdown

Weighting Return Low Return High MGIIX % Rank
Corporate 		71.14% 0.00% 100.00% 14.54%
Securitized 		16.89% 0.00% 97.78% 46.17%
Cash & Equivalents 		6.53% 0.00% 100.00% 53.19%
Government 		5.44% 0.00% 99.74% 66.96%
Derivative 		0.00% 0.00% 66.05% 81.25%
Municipal 		0.00% 0.00% 55.35% 73.09%

Bond Geographic Breakdown

Weighting Return Low Return High MGIIX % Rank
US 		74.68% -159.92% 209.58% 25.70%
Non US 		16.81% -41.15% 119.03% 59.16%

MGIIX - Expenses

Operational Fees

MGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.02% 5.53% 90.25%
Management Fee 0.25% 0.00% 2.29% 2.72%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.85% 70.63%

Sales Fees

MGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 55.56%

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.

MGIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 498.00% 13.43%

MGIIX - Distributions

Dividend Yield Analysis

MGIIX Category Low Category High MGIIX % Rank
Dividend Yield 3.70% 0.00% 3.01% 59.48%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MGIIX Category Low Category High MGIIX % Rank
Net Income Ratio 3.61% -4.62% 11.44% 32.26%

Capital Gain Distribution Analysis

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

Distributions History

View More +

MGIIX - Fund Manager Analysis

Managers

Scott Kimball

Start Date

Tenure

Tenure Rank

Aug 21, 2013

8.28

8.3%

Scott is responsible for the firm’s investment policy and strategy and manages client portfolios. He joined BMO Global Asset Management in 2007 and served as a research analyst prior to joining the portfolio management team in 2011. Previously, Scott held positions at Merrill Lynch and other boutique investment firms. Scott holds an M.B.A. from the University of Miami and a B.A. in international business from Stetson University. He is also a CFA® charterholder.

Frank Reda

Start Date

Tenure

Tenure Rank

Apr 07, 2017

4.65

4.7%

Frank is responsible for the firm’s investment policy and strategy and manages client portfolios. As head of trading, he oversees trading and broker relationship management. He joined the team in 2001. Frank holds an M.S. in finance from Florida International University and a B.S. in economics and finance from Barry University. He was awarded the Chartered Market Technician (CMT) designation in 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.93 5.53 2.7

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