BMO Low Volatility Equity Fund
Fund overview
Objective
To provide capital appreciation.
Benchmarks
Russell 1000® Index
Net fund assets
Morningstar Rating™
Portfolio managers

Jay Kaufman, CFA®
, CFA®
Jay is responsible for equity portfolio management and research. He joined the company in 2010.
Previously, Jay worked as a quantitative investment analyst at Strategic Investment Group. He began his investment experience in 2006.
He holds an M.B.A. with High Honors from the University of Chicago, concentrating in analytic finance, econometrics and statistics. He also holds a B.S. in economics from the Wharton School at the University of Pennsylvania, concentrating in finance. In addition, Jay is a CFA® charterholder and a member of the CFA® Institute, the CFA® Society of Chicago and the Chicago Quantitative Alliance.

David Rosenblatt, CFA®
, CFA
David is responsible for equity research and portfolio management. He joined BMO Global Asset Management in 2012.
Previously, David worked in various roles at First Manhattan Consulting in risk management and capital markets, where he was responsible for managing consultant teams, building M&A and financial forecast models, and making recommendations to management on capital structures and instruments.
David holds an M.B.A. with a dual concentration in analytic finance and economics from the University of Chicago Booth School of Business. He holds a B.A. in economics and psychology from the University of Pennsylvania. In addition, David is a CFA® charterholder.

Ernesto Ramos, PhD
, Ph.D.
Ernesto is the chief investment officer, U.S. In this role, he has governance and compliance oversight of all U.S.-based investment teams. In addition, he heads the team that provides data, analytics, and front-end tools which seek to improve investment research, portfolio performance, risk management, and decision making to investment teams globally. He joined the company in 2005.
Ernesto began his investment management career in 1992 with Batterymarch Financial Management. He was a partner and lead portfolio manager at Nicholas-Applegate Capital Management LLC, and he also served as a software developer at Bolt, Beranek and Newman. His career features investment management and research, econometric research, statistical research and computer graphics research.
He holds a Ph.D. and an M.S. in statistics from Harvard University and a B.S. in mathematics from the Massachusetts Institute of Technology.

Jason Hans, CFA®
, CFA®
Jason is responsible for equity portfolio management and research. He joined the company in 2008.
He began his experience in the investment industry in 1998, and previously served as a managing director and the head of research at Quantitative Services Group.
He holds an M.B.A. in finance from Notre Dame and a B.S. in business, with a major in finance and a minor in physics, from Miami University. In addition, Jason is a CFA® charterholder and a member of the CFA®Institute, the CFA® Society of Chicago and the Chicago Quantitative Alliance.
U.S. equities insights

Looking for Attractively Valued and Fundamentally Strong Small Caps
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.
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, 2021 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.
The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000 represents approximately 92% of the U.S. market. The Russell 1000 Index is constructed to provide a comprehensive and unbiased barometer for the large-cap segment and is completely reconstituted annually to ensure new and growing equities are reflected. Investments cannot be made in an index.
Lipper Large-Cap Value Index is comprised of funds that, by portfolio practice, invest at least 75% of their equity assets in companies with market capitalizations (on a three-year weighted basis) above Lipper’s USDE large-cap floor. Large-cap value funds typically have below-average characteristics compared to the S&P 500 Index.
The maximum sales charge (load) imposed on purchases (as a percentage of offering price) is 5.00% 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.
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 the7-day yield and is then compounded and annualized. Total returns for periods of less than one year are cumulative.