BMO Strategic Income Fund

Fund overview


To maximize total return consistent with current income.


Net fund assets

Morningstar Rating

    Portfolio managers

    Frank J. Reda
    Portfolio Manager
    Scott M. Kimball
    Co-Head, U.S. Fixed Income

    U.S. fixed income insights

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    November 2020

    November 2020 Fixed Income Market Update

    In our view, while elections have consequences, the consequences are rarely as stark or as predictable as prognosticators suggest.

    October 2020

    October 2020 Fixed Income Market Update

    In our view, higher frequency data such as elevated jobless claims and small business employment highlight the risk that the recovery could stall absent additional fiscal stimulus.

    September 2020

    Back to the future of fixed income

    From toilet paper shortages to extreme job losses and GDP figures that are literally off the charts, to oil futures trading briefly with negative dollar prices, 2020 has thwarted many embedded assumptions about the world.

    September 2020

    September 2020 Fixed Income Market Update

    In our view, U.S. corporates appear attractive even noting the recompression of spreads since the first quarter.

    August 2020

    August 2020 Fixed Income Market Update

    In our view, monetary and fiscal policy have done a tremendous job in papering over fundamental uncertainty.

    July 2020

    July 2020 Fixed Income Market Update

    In our view, the magnitude and speed of the market recovery in the second quarter are noteworthy and potentially cautionary.

    Performance data quoted prior to the inception of the Class A Shares is the performance of the Fund’s Investor (Class Y) Shares, not adjusted for any differences in the expenses of the classes.

    The maximum sales charge (load) imposed on purchases (as a percentage of offering price) is 3.50% for Class A shares. The Class NAV performance does not reflect the deduction of the sales load or fee, and if reflected, the load or fee would reduce the performance quoted.

    Performance data quoted represents past performance and past performance is not a guarantee of future results. Investment returns and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Mutual fund performance changes over time and current performance may be lower or higher than what is stated. To receive the most recent month-end performance, call 1-800-236-3863.

    Returns are pre-tax. An investor should consider his or her current and anticipated investment horizon and income tax bracket when making an investment decision as the illustration above does not reflect these factors. For more information about performance, please contact your investment professional. For more information about performance, please contact your investment professional. Total returns for periods of one year or less are cumulative.

    Net Expense Ratios reflect contractual fee waivers and/or expense reimbursements made by BMO Asset Management Corp., the investment adviser (Adviser). The Adviser may not terminate these fee waivers and/or expense reimbursements prior to December 31, 2020 without the consent of the Board of Directors, unless the investment advisory agreement is terminated. Without these contractual waivers, the Funds’ returns would have been lower. Please see the prospectus for more information.

    Keep in mind that as interest rates rise, prices for bonds with fixed interest rates may fall. This may have an adverse effect on a Fund’s portfolio.

    The Bloomberg Barclays U.S. Aggregate Bond Index (BBUABI) tracks the performance of U.S. investment-grade bonds in government, asset-backed, and corporate debt markets. The Fund’s benchmark index was changed to the BBUABI as it was determined to provide a more useful comparison based on the Fund’s investment strategy.

    Investments cannot be made in an index.

    Lipper Multi-Sector Income Index is comprised of funds that seek current income by allocating assets among several different fixed-income securities sectors (with no more than 65% in any one sector except for defensive purposes), including U.S. government and foreign governments, with a significant portion of assets in securities rated below investment-grade.

    Effective May 8, 2017, the BMO Mortgage Income Fund changed its name to the BMO Strategic Income Fund.

    Effective June 29, 2017, the BMO TCH Intermediate Income Fund merged with the BMO Strategic Income Fund.

    ¹ For money market funds, current and effective 7-day yield displayed as of today’s date. Yield will vary. The yield quotations for money market funds more closely reflect the current earnings of the fund than the total return quotations. The 7-day effective yield is based on the 7-day yield and is then compounded and annualized. Total returns for periods of less than one year are cumulative.