BMO Short-Term Income Fund
Data updated: 2022-01-19
C000049011 — BMO Short-Term Income Fund. Short Bond · $194.16M AUM · 0.35% expense ratio · 0.0% 1-yr return. Holdings, fees, performance and SEC filings.
C000049011 Fund Overview
BMO Short-Term Income Fund is a US mutual fund managed by Bmo Funds, Inc., categorised as Short 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: Short Bond
- Assets under management: $194.16M
- 1-year return: 0.0%
- SEC CIK: 0000889366
- SEC series ID: S000000748
- Share class ID: C000049011
C000049011 Investment Objective and Strategy
BMO Short-Term 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 at least 80% of its assets in fixed income securities. Fund investments include corporate, asset-backed, and mortgage-backed securities with a minimum rating in the lowest investment grade category (i.e., rated BBB by Standard & Poors or Baa by Moodys Investors Service, or higher, or unrated and considered by the Adviser to be comparable in quality) at the time of purchase and bank instruments, repurchase agreements, and U.S. government securities. The Adviser changes the Funds weightings in these fixed income asset classes as it deems appropriate and uses macroeconomic, credit, and market analysis to select portfolio securities. The Fund normally maintains an average dollar-weighted effective maturity of six months to three years. Effective maturity takes into account the possibility that a bond may have prepayments or may be called by the issuer before its stated maturity date.
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.
C000049011 Performance
Total returns for C000049011 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | 1.6% |
C000049011 Risk Information
Risk metrics for C000049011, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.6%
C000049011 Costs and Fees
C000049011 costs about $35 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.35%
- Gross expense ratio: 0.45%
- Portfolio turnover: 48%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000049011 Cashflows
Over the 12 months to 2021-11, BMO Short-Term Income Fund had net outflows of $43.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-11 | −$47.90M |
| 2021-10 | −$13.72M |
| 2021-09 | −$20.10M |
| 2021-08 | −$12.86M |
| 2021-07 | −$9.51M |
| 2021-06 | $6.34M |
C000049011 Debt Constituents
No individual debt constituents are reported in BMO Short-Term Income Fund's latest SEC N-PORT filing.
C000049011 Prospectus and SEC Filings
Official BMO Short-Term 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
Related Funds
Other Short Bond funds tracked on ABC INVEST:
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.