BMO Strategic Income Fund
Data updated: 2022-01-19
C000049009 — BMO Strategic Income Fund. Bond · $112.32M AUM · 0.55% expense ratio · 3.4% 1-yr return. Holdings, fees, performance and SEC filings.
C000049009 Fund Overview
BMO Strategic Income Fund is a US mutual fund managed by Bmo Funds, Inc., categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Bmo Funds, Inc.
- Category: Bond
- Assets under management: $112.32M
- 1-year return: 3.4%
- SEC CIK: 0000889366
- SEC series ID: S000000745
- Share class ID: C000049009
C000049009 Investment Objective and Strategy
BMO Strategic Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Bmo Funds, Inc..
Investment objective
To maximize total return consistent with current income.
Principal investment strategy
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. The Fund may invest without limitation in fixed and floating rate debt securities of any geography and maturity. The Fund may invest up to 65% of its net assets in debt securities rated below investment grade. Below investment grade, or high yield, securities are commonly referred to as junk bonds.
Investment grade securities are: securities rated BBB- or higher by Standard & Poors Ratings Services (S&P) or Baa3 or higher by Moodys Investors Service, Inc. (Moodys) or an equivalent rating by another nationally recognized statistical rating organization (NRSRO), or unrated securities determined by the Adviser to be of comparable quality. The Funds securities may be denominated in either U.S. dollars or foreign currencies. While the Funds assets are predominantly U.S. dollar denominated, the Fund also may invest up to 25% of its assets in foreign currency denominated debt securities, all or a portion of which may be emerging markets debt securities. The Fund may invest up to 10% of its assets in common stocks; however, most common stocks generally will be acquired from conversions of convertible bonds or as residual interests from other fixed income securities.
From time to time, the Fund maintains a portion of its assets in cash. The Fund may increase its cash holdings in response to market conditions or in the event attractive investment opportunities are not available.
C000049009 Performance
Total returns for C000049009 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 3.4% |
| 3 years (annualised) | 6.2% |
C000049009 Risk Information
Risk metrics for C000049009, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.6%
C000049009 Costs and Fees
C000049009 costs about $55 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.55%
- Gross expense ratio: 0.76%
- Portfolio turnover: 31%
- Brokerage commissions: 0.03 bps of average net assets (SEC N-CEN)
C000049009 Cashflows
Over the 12 months to 2021-11, BMO Strategic Income Fund had net inflows of $37.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-11 | −$391.87K |
| 2021-10 | $1.94M |
| 2021-09 | $76.90K |
| 2021-08 | $718.02K |
| 2021-07 | −$44.55K |
| 2021-06 | $591.04K |
C000049009 Debt Constituents
No individual debt constituents are reported in BMO Strategic Income Fund's latest SEC N-PORT filing.
C000049009 Prospectus and SEC Filings
Official BMO Strategic Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-12-23
- Prospectus (485BPOS) — filed 2020-01-16
- Prospectus (485BPOS) — filed 2019-04-12
- Portfolio holdings (N-PORT) — filed 2022-01-19
- Portfolio holdings (N-PORT) — filed 2021-10-20
- Portfolio holdings (N-PORT) — filed 2021-07-26
- Annual census (N-CEN) — filed 2021-11-09
- Annual census (N-CEN) — filed 2020-11-10
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.