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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 Intermediate Tax-Free Fund

MITFX | Fund

$11.59

$1.54 B

3.77%

$0.44

0.54%

Vitals

YTD Return

-0.2%

1 yr return

2.5%

3 Yr Avg Return

4.2%

5 Yr Avg Return

3.6%

Net Assets

$1.54 B

Holdings in Top 10

8.2%

52 WEEK LOW AND HIGH

$11.6
$11.54
$11.75

Expenses

OPERATING FEES

Expense Ratio 0.54%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 64.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

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 Intermediate Tax-Free Fund

MITFX | Fund

$11.59

$1.54 B

3.77%

$0.44

0.54%

MITFX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.37%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BMO Intermediate Tax-Free Fund
  • Fund Family Name
    BMO Funds
  • Inception Date
    Feb 01, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Wimmel

Fund Description

MITFX - Performance

Return Ranking - Trailing

Period MITFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -88.5% 102.0% 35.74%
1 Yr 2.5% -20.5% 20.4% 44.52%
3 Yr 4.2%* -6.2% 11.2% 54.34%
5 Yr 3.6%* -3.5% 8.0% 42.70%
10 Yr 3.4%* -0.2% 9.1% 50.22%

* Annualized

Return Ranking - Calendar

Period MITFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -91.1% 310.0% 65.47%
2022 3.5% -79.8% 15.4% 52.52%
2021 -1.8% -72.6% 97.2% 25.99%
2020 2.0% -100.0% 7.6% 35.11%
2019 -2.4% -35.9% 96.8% 26.67%

Total Return Ranking - Trailing

Period MITFX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -88.5% 102.0% 35.78%
1 Yr 2.5% -24.2% 24.2% 28.17%
3 Yr 4.2%* -7.0% 11.7% 43.69%
5 Yr 3.6%* -4.0% 8.0% 33.02%
10 Yr 3.4%* -0.6% 9.1% 46.33%

* Annualized

Total Return Ranking - Calendar

Period MITFX Return Category Return Low Category Return High Rank in Category (%)
2023 1.0% -91.1% 310.0% 65.42%
2022 3.5% -79.8% 15.4% 53.31%
2021 -1.8% -72.6% 11.0% 28.02%
2020 2.0% -100.0% 7.6% 38.56%
2019 -2.1% -35.9% 3.0% 19.37%

NAV & Total Return History

MITFX - Holdings

Concentration Analysis

MITFX Category Low Category High MITFX % Rank
Net Assets 1.54 B 869 K 88.8 B 24.65%
Number of Holdings 872 1 12437 9.47%
Net Assets in Top 10 128 M -306 M 4.01 B 25.25%
Weighting of Top 10 8.21% 2.4% 100.0% 92.30%

Top 10 Holdings

  1. SHELBY CNTY TENN HEALTH EDL & HSG FACS BRD REV 0.04% 1.67%
  2. CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV 0.2% 1.47%
  3. MISSION TEX ECONOMIC DEV CORP SOLID WASTE DISP REV 0.2% 1.39%
  4. DELAWARE CNTY PA INDL DEV AUTH ARPT FACS REV 0.05% 1.19%
  5. SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5% 1.05%
  6. CHICAGO ILL 5% 0.88%
  7. PENNSYLVANIA ECONOMIC DEV FING AUTH SOLID WASTE DISP REV 0.2% 0.87%
  8. BLACK BELT ENERGY GAS DIST ALA GAS PREPAY REV 4% 0.84%
  9. CHICAGO ILL 6% 0.78%
  10. MAIN STR NAT GAS INC GA GAS SUPPLY REV 0.805% 0.74%

Asset Allocation

Weighting Return Low Return High MITFX % Rank
Bonds 		98.95% 46.14% 149.06% 58.46%
Cash 		1.05% -45.79% 53.86% 40.20%
Stocks 		0.00% 0.00% 3.60% 67.06%
Preferred Stocks 		0.00% -3.40% 1.14% 62.89%
Other 		0.00% -49.33% 30.00% 63.43%
Convertible Bonds 		0.00% 0.00% 0.57% 63.71%

Bond Sector Breakdown

Weighting Return Low Return High MITFX % Rank
Municipal 		98.95% 46.14% 100.00% 54.65%
Cash & Equivalents 		1.05% 0.00% 53.86% 43.25%
Derivative 		0.00% 0.00% 1.58% 63.63%
Securitized 		0.00% 0.00% 8.03% 64.04%
Corporate 		0.00% 0.00% 11.97% 69.77%
Government 		0.00% 0.00% 50.97% 66.47%

Bond Geographic Breakdown

Weighting Return Low Return High MITFX % Rank
US 		98.78% 0.00% 141.11% 39.21%
Non US 		0.17% 0.00% 100.00% 55.81%

MITFX - Expenses

Operational Fees

MITFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.54% 0.04% 4.23% 52.62%
Management Fee 0.12% 0.00% 1.60% 2.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.47% 67.58%

Sales Fees

MITFX 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 0.25% 5.50% N/A

Trading Fees

MITFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 41.79%

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.

MITFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.00% 0.00% 314.00% 93.06%

MITFX - Distributions

Dividend Yield Analysis

MITFX Category Low Category High MITFX % Rank
Dividend Yield 3.77% 0.00% 35.27% 67.92%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

MITFX Category Low Category High MITFX % Rank
Net Income Ratio 2.37% -1.30% 24.00% 35.42%

Capital Gain Distribution Analysis

MITFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Semi-Monthly

Distributions History

View More +

MITFX - Fund Manager Analysis

Managers

Robert Wimmel

Start Date

Tenure

Tenure Rank

Aug 25, 2015

6.27

6.3%

Rob is the head of Tax-Exempt Fixed Income at BMO Global Asset Management. Rob began his career in the investment industry in 1992 and joined BMO Global Asset Management in 2015. Previously, Rob was head of investment-grade municipals at Invesco from 1996 to 2015. Rob holds an M.A. in economics from the University of Illinois at Chicago and a B.A. in anthropology cum laude from the University of Cincinnati.

Thomas Byron

Start Date

Tenure

Tenure Rank

Oct 13, 2015

6.14

6.1%

Tom is a senior portfolio manager on the BMO Tax-Exempt Fixed Income Team. Before joining BMO Global Asset Management in 2015, Tom was a senior portfolio manager at Invesco. He began his career in the investment industry as a unit trust administrator for Invesco in 1981. Tom holds an M.B.A. in finance from DePaul University and a B.S. in finance from Marquette University.

Brian Sipich

Start Date

Tenure

Tenure Rank

Oct 04, 2016

5.16

5.2%

Mr. Sipich joined BMO Asset Management Corp in 2015 where he serves as a Vice President and Portfolio Manager. Previously, Mr. Sipich was a quantitative analyst at Invesco Advisers and held various positions there since 2008. He is a CFA Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 34.55 7.1 1.08

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