BMO Investments Inc. Announces Changes to Its Mutual Fund Range – Canada NewsWire | Jewelry Dukan

TORONTO, September 23, 2022 /CNW/ – BMO Investments Inc. (the “Manager”), the manager of the BMO Mutual Funds, today announced management and administration fee reductions, portfolio manager changes and a downgrade in risk rating for the funds listed below.

management and administration fee reductions

Effective November 1, 2022The Manager will pay management fees for Series A, T6, F, F6 and Advisor Series securities of BMO Global Equity Fund, for Series A, F and Advisor Series securities of BMO Global Infrastructure Fund, for Series A securities and BMO Global’s Advisor Series reduce The Energy Class and Series A, F and Advisor Series securities of BMO Global Equity Class as follows:

Series of securities from

BMO Global Equity Fund

Current yearbook
administration fee

New Annual Management Fee
Effective
November 1, 2022

Series A

1.60%

1.55%

Series T6

1.60%

1.55%

Series F

0.60%

0.55%

Series F6

0.60%

0.55%

Advisor Series

1.60%

1.55%

Series of securities from

BMO Global Infrastructure Fund

Current yearbook
administration fee

New Annual Management Fee
Effective
November 1, 2022

Series A

2.00%

1.85%

Series F

0.90%

0.85%

Advisor Series

2.00%

1.85%

Series of securities from

BMO Global Energy Class

Current yearbook
administration fee

New Annual Management Fee
Effective
November 1, 2022

Series A

2.00%

1.80%

Advisor Series

2.00%

1.80%

Series of securities from

BMO Global Equity class

Current yearbook
administration fee

New Annual Management Fee
Effective
November 1, 2022

Series A

1.85%

1.55%

Series F

0.60%

0.55%

Advisor Series

1.85%

1.55%

Effective November 1, 2022the Management Company will also reduce the management fee for all Series of Securities (excluding Series I Securities, as applicable) of BMO Global Equity Fund, BMO Global Infrastructure Fund, BMO Global Energy Class and BMO Global Equity Class as follows:

fund

Current yearbook

administration fee

New Annual Management Fee
Effective
November 1, 2022

BMO Global Equity Fund

0.25%

0.20%

BMO Global Infrastructure Fund

0.30%

0.20%

BMO Global Energy Class

0.35%

0.20%

BMO Global Equity class

0.30%

0.20%

The Management Company may, in some years and in certain cases, bear part of the management fees, management fees or certain specified expenses of such funds or series of such funds. The decision to bear these costs will be reviewed periodically and determined at the Management Company’s discretion without notification to Securityholders.

Change of portfolio manager

Valid on or at October 31, 2022will replace BMO Asset Management Inc. Columbia Threadneedle Management Limited (formerly BMO Asset Management Limited) as portfolio manager of the BMO Global Equity class and the BMO Global Equity Fund. As a result, there will be a change in the investment strategies and risks of the BMO Global Equity Class and the BMO Global Equity Fund.

Valid on or at October 31, 2022BMO Asset Management Inc. will replace Macquarie Investment Management Advisers as portfolio manager of the BMO Global Infrastructure Fund. This brings about a change in the investment strategies and risks of the BMO Global Infrastructure Fund.

Reducing the risk assessment

Effective immediately, the BMO Global Infrastructure Fund’s risk rating has been downgraded from “medium” to “low to medium”. The investment objectives of this fund will not change in connection with the new risk classification. This reduction in risk rating is based on the standardized risk rating methodology prescribed by the Canadian securities regulators.

For more information on BMO investment funds, go to www.bmo.com/mutualfunds.

®/™Registered Trademarks/Trademarks of Bank of Montrealused under license.

BMO Mutual Funds are managed by BMO Investments Inc., a mutual fund manager and a separate legal entity from the Bank of Montreal.

Commissions, management fees and expenses (if any) may all be associated with investing in mutual funds. Trailing commissions may be associated with investments in certain series of mutual fund securities. Before investing, please read the fund facts or the simplified sales prospectus of the respective retail fund. Mutual funds are not guaranteed, their values ​​change frequently and past performance may not be repeated. Distributions are not guaranteed and are subject to change and/or cancellation. A summary of the risks of investing in BMO investment funds can be found in the specific risks listed in the simplified sales prospectus.

About BMO Financial Group

BMO has been serving clients for 200 years and is a highly diversified financial services company – the 8th largest bank by assets in North America. With a balance sheet total of $1.07 trillion away July 31, 2022and a team of diverse and highly dedicated employees, BMO provides a wide range of personal and commercial banking, wealth management and investment banking products and services to more than 12 million clients and conducts its businesses through three operating groups: Personal and Commercial Banking, BMO Asset Management and BMO Capital Markets.

SOURCE BMO Financial Group

For more information: Media Contact: Jeff Roman, Toronto, [email protected](416) 867-3996

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