CHICAGO, IL--(Marketwired - Jun 2, 2014) - BMO Global Asset Management today announced it is now offering retirement share classes for four BMO Funds. The new R6 and R3 share classes will be available through defined contribution pension plans, such as 401(k) plans. These additional share classes provide clients, including plan sponsors, retirement plan platforms and the advisors that serve them, with greater flexibility with respect to pricing structures and include a lower cost option that meets the growing demand for transparency.
"BMO Global Asset Management and our award-winning record keeper, BMO Retirement Services, have long advocated for increased transparency of fees and expenses and worked to help our clients meet their fiduciary responsibilities," said Phil Enochs, Head of Relationship Management, BMO Global Asset Management. "Adding these share classes to several of our most attractive BMO Funds will allow us to do just that."
The BMO Funds now offered with the new retirement share classes include:
|Fund||Class R6||Class R3|
|BMO Mid-Cap Growth Fund||BMGGX||BMGDX|
|BMO Mid-Cap Value Fund||BMVGX||BMVDX|
|BMO Pyrford International Fund||BISGX||BISDX|
|BMO Small-Cap Value Fund||BSVGX||BSVDX|
The BMO family of funds also added A class shares to 26 existing Funds to enhance further pricing flexibility for clients. These funds include BMO Dividend Income, Global Low Volatility Equity, Global Natural Resources, Intermediate Tax-Free, Large-Cap Growth, Large-Cap Value, Lloyd George Emerging Markets Equity, Low Volatility Equity, Micro-Cap, Mid-Cap Growth, Mid-Cap Value, Monegy High Yield Bond, Mortgage Income, Multi-Asset Income, Pyrford Global Equity, Pyrford Global Strategic Return, Pyrford International Stock, Short Term Tax-Free, Short-Term Income, Small-Cap Core, Small-Cap Value, BMO TCH Core Plus Bond, TCH Corporate Income, TCH Emerging Markets Bond, TCH Intermediate Income and Ultra Short Tax-Free Funds. They will be available as of June 2, 2014.
BMO Global Asset Management is also pleased to announce six new open-end mutual funds. The funds are the result of the conversion of the BMO Managed Asset Allocation Program (MAAP) risk-based collective investment trusts into traditional mutual funds, effective May 30, 2014.
Along the lines of the BMO family of ten target-date funds, the newly re-characterized risk-based asset allocations funds are designed to streamline the decision process with a comprehensive approach to investing. The new funds are available in the following share classes:
|Fund||Class Y||Class I||Class R-3||Class R-6|
|BMO Diversified Income Fund||BDVYX||BDVIX||BDVRX||BDVSX|
|BMO Moderate Balanced Fund||BMBYX||BMBHX||BMBQX||BMBTX|
|BMO Growth Balanced Fund||BGRYX||BGRHX||BGRRX||BGRQX|
|BMO Aggressive Allocation Fund||BABYX||BABHX||BABRX||BABQX|
|BMO Diversified Stock Fund||BDSYX||BDSHX||BDSRX||BDSQX|
|BMO Aggressive Stock Fund s||BASYX||BASHX||BASRX||BASQX|
About the BMO Family of Funds
The BMO Funds are a global family of actively managed mutual funds. The firm's 47 funds spa n the risk/reward spectrum and include: U.S., non-U.S. and global equity funds, U.S. (taxable and tax-free) and emerging markets fixed income funds, money market funds, and a range of multi-asset funds offering outcome-oriented solutions for investors.
The family of funds is managed by a multi-disciplined team based in Chicago and Milwaukee, and by a network of world-class boutique managers, which are strategically located across the globe. This network includes Monegy, Inc., Pyrford International Ltd., LGM Investments and Taplin, Canida & Habacht, LLC.
Established in 1992, BMO Funds are advised by BMO Asset Management. Along with its subsidiary boutiques and affiliates, the advisor oversees more than $50 billion in assets under management. BMO Asset Management is a part of BMO Financial Group, a fully diversified financial services organization with $582 billion CND total assets and more than 45,000 employees as of April 30, 2014.
BMO Retirement Services is a part of BMO Global Asset Management and a division of the BMO Harris Bank N.A., offering products and services through various affiliates of BMO Financial Group.
BMO Global Asset Management is the brand name for various affiliated entities of BMO Financial Group that provide investment management, retirement, and trust and custody services. Certain of the products and services offered under the brand name BMO Global Asset Management are designed specifically for various categories of investors in a number of different countries and regions and may not be available to all investors. Products and services are only offered to such investors in those countries and regions in accordance with applicable laws and regulations. BMO Financial Group is a service mark of Bank of Montreal (BMO).
BMO Asset Management U.S. consists of BMO Asset Management Corp.
BMO Asset Management Corp. is the investment adviser to the BMO Funds.
M&I Distributors LLC is the distributor.
BMO Funds are not marketed or sold outside the United States.
Investors should carefully consider the investment objectives, risks, charges and expenses of the BMO Funds. This and other important information is contained in the prospectuses and/or summary prospectuses, which can be obtained by calling 1-800-580-3863. Please read carefully before investing. The investment risks of each Target Date Fund changes over time as its asset allocation changes. They are subject to the volatility of the financial markets, including equity and fixed income investments in the U.S. and abroad and may be subject to risks associated with investing in high yield, small cap, commodity-linked, and foreign securities.
The target date refers to the approximate year when an investor in the Fund would start withdrawing from the investment, which is assumed age 65. The principal value of the Funds is not guaranteed at any time, including at or after the target date.
All investments involve risk, including the possible loss of principal.
Investment products are: Not FDIC Insured | No Bank Guarantee | May Lose Value
©2014 BMO Financial Corp.