MRGIX: BMO Strategic Income Fund - MutualFunds.com

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BMO Strategic Income Y

MRGIX - Snapshot

Vitals

  • YTD Return -0.6%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 4.5%
  • Net Assets $70.8 M
  • Holdings in Top 10 14.2%

52 WEEK LOW AND HIGH

$9.43
$7.83
$9.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

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

BROKERAGE FEES

  • Turnover 39.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Compare MRGIX to Popular Bond Sector Diversified Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$11.75

0.00%

$125.18 B

5.67%

$0.67

-2.41%

1.09%

$10.10

-0.10%

$32.57 B

3.48%

$0.35

1.30%

0.74%

$8.09

0.00%

$18.31 B

4.03%

$0.33

-0.49%

0.79%

$9.77

0.00%

$17.55 B

6.71%

$0.66

-8.86%

0.92%

$12.41

-0.16%

$15.03 B

3.51%

$0.44

1.06%

0.97%

MRGIX - Profile

Distributions

  • YTD Total Return -0.6%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 4.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BMO Strategic Income Fund
  • Fund Family Name
    BMO Funds
  • Inception Date
    Dec 14, 1992
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Scott Kimball

Fund Description

The fund invests primarily in U.S. and foreign debt securities, including those in emerging markets. Debt securities include all types of fixed and floating rate securities including high yield securities (junk bonds), investment grade corporate bonds, U.S. Treasury, agency, and municipal securities, and foreign government securities, including inflation-indexed securities of U.S. and non-U.S. governments, convertible securities, preferred securities, and mortgage-backed and asset-backed securities.


MRGIX - Performance

Return Ranking - Trailing

Period MRGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -38.9% 302.3% 53.58%
1 Yr 7.3% -30.9% 18.8% 9.04%
3 Yr 5.1%* -11.8% 8.1% 6.18%
5 Yr 4.5%* -15.5% 10.9% 34.62%
10 Yr 3.7%* -1.4% 11.8% 51.27%

* Annualized

Return Ranking - Calendar

Period MRGIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -35.1% 15.3% 8.71%
2018 -7.0% -48.0% 3.1% 77.76%
2017 3.2% -14.8% 11.2% 23.32%
2016 -1.2% -11.2% 10.7% 95.95%
2015 -1.3% -51.1% 4.8% 8.37%

Total Return Ranking - Trailing

Period MRGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.6% -38.9% 302.3% 53.58%
1 Yr 7.3% -33.3% 18.8% 7.36%
3 Yr 5.1%* -13.6% 8.1% 5.39%
5 Yr 4.5%* -16.5% 10.9% 29.88%
10 Yr 3.7%* -1.4% 11.8% 50.00%

* Annualized

Total Return Ranking - Calendar

Period MRGIX Return Category Return Low Category Return High Rank in Category (%)
2019 8.0% -35.1% 15.3% 9.33%
2018 -7.0% -48.0% 8.0% 83.19%
2017 3.2% -14.8% 15.2% 45.72%
2016 -1.2% -11.2% 17.7% 96.91%
2015 -1.3% -51.1% 5.4% 23.57%

NAV & Total Return History


MRGIX - Holdings

Concentration Analysis

MRGIX Category Low Category High MRGIX % Rank
Net Assets 70.8 M 2.71 M 125 B 84.60%
Number of Holdings 169 3 7722 76.12%
Net Assets in Top 10 9.98 M -3.22 B 29.7 B 76.40%
Weighting of Top 10 14.21% 4.9% 100.0% 80.34%

Top 10 Holdings

  1. FREMF MORTGAGE TRUST 4.4% 1.65%
  2. FREMF MORTGAGE TRUST 4.05% 1.61%
  3. FREMF Mortgage Trust 4.3% 1.53%
  4. Banco Nacional de Costa Rica 6.25% 1.46%
  5. Kinross Gold Corporation 6.88% 1.40%
  6. Jefferies Finance LLC/JFIN Co-Issuer Corp 7.25% 1.39%
  7. Kinross Gold Corporation 4.5% 1.34%
  8. BANK 2018-BNK15 4.41% 1.29%
  9. Sunoco Logistics Partners Operations L.P. 5.4% 1.27%
  10. Mylan Inc 5.2% 1.26%

Asset Allocation

Weighting Return Low Return High MRGIX % Rank
Bonds
98.63% -256.79% 258.37% 14.07%
Cash
1.37% -164.01% 356.79% 75.00%
Stocks
0.00% -65.68% 160.07% 77.99%
Preferred Stocks
0.00% 0.00% 28.52% 73.88%
Other
0.00% -14.86% 100.67% 60.53%
Convertible Bonds
0.00% -0.08% 160.39% 89.04%

Bond Sector Breakdown

Weighting Return Low Return High MRGIX % Rank
Corporate
75.94% 0.00% 99.47% 10.25%
Securitized
17.99% 0.00% 98.82% 46.49%
Government
4.69% 0.00% 99.16% 66.01%
Cash & Equivalents
1.37% 0.00% 100.00% 92.70%
Derivative
0.00% 0.00% 68.51% 75.84%
Municipal
0.00% 0.00% 41.64% 68.68%

Bond Geographic Breakdown

Weighting Return Low Return High MRGIX % Rank
US
73.74% -256.79% 241.12% 39.33%
Non US
24.89% -23.27% 123.13% 34.69%

MRGIX - Expenses

Operational Fees

MRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 24.26% 66.96%
Management Fee 0.25% 0.00% 2.25% 2.54%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.70% 70.12%

Sales Fees

MRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 6.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.40% 2.00% 59.26%

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.

MRGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 39.00% 0.00% 493.00% 21.15%

MRGIX - Distributions

Dividend Yield Analysis

MRGIX Category Low Category High MRGIX % Rank
Dividend Yield 0.00% 0.00% 6.28% 53.20%

Dividend Distribution Analysis

MRGIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

MRGIX Category Low Category High MRGIX % Rank
Net Income Ratio 4.41% -1.55% 18.14% 19.97%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

MRGIX - Fund Manager Analysis

Managers

Scott Kimball


Start Date

Tenure

Tenure Rank

Aug 21, 2013

7.12

7.1%

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

3.48

3.5%

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
0.01 29.4 5.44 1.53