BMO High Yield Bond Fund

C000108827 Fund Overview

BMO High Yield Bond Fund is a US mutual fund managed by Bmo Funds, Inc., categorised as Corporate 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: Corporate Bond
• Assets under management: $10.43M
• SEC CIK: 0000889366
• SEC series ID: S000035434
• Share class ID: C000108827

C000108827 Investment Objective and Strategy

BMO High Yield Bond 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 a diversified portfolio of domestic and foreign high yield, high risk fixed income securities (also referred to as junk bonds) within the non-investment grade corporate bond market. The Fund may invest in high yield, high risk fixed income securities of any maturity. The Fund seeks to generate excess returns by effectively balancing risk and reward through vigorous asset selection criteria and continuous monitoring of portfolio positions. The Adviser follows a disciplined investment approach that emphasizes fundamental credit analysis. Macroeconomic and market analysis also contribute to portfolio structure and security selection. The portfolio is continuously monitored to determine the risk and reward characteristics of each security. 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.

C000108827 Costs and Fees

C000108827 costs about $66 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.66%
• Gross expense ratio: 2.00%
• Portfolio turnover: 24%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000108827 Cashflows

Over the 12 months to 2020-05, BMO High Yield Bond Fund had net inflows of $1.99M, from monthly SEC N-PORT filings.

C000108827 Debt Constituents

No individual debt constituents are reported in BMO High Yield Bond Fund's latest SEC N-PORT filing.

C000108827 Prospectus and SEC Filings

Official BMO High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-16
• Prospectus (485BPOS) — filed 2019-04-12
• Prospectus (485BPOS) — filed 2019-01-11
• Portfolio holdings (N-PORT) — filed 2020-07-20
• Portfolio holdings (N-PORT) — filed 2020-04-06
• Portfolio holdings (N-PORT) — filed 2020-01-23
• Annual census (N-CEN) — filed 2019-11-07
• Annual census (N-CEN) — filed 2018-11-13

Related Funds

Other Corporate Bond funds tracked on ABC INVEST:

• First Trust Preferred Securities and Income ETF (FPE)
• Nuveen Preferred Securities and Income Fund (NPSAX)
• Spectrum Preferred and Capital Securities Income Fund (PNARX)
• Invesco Variable Rate Preferred ETF (VRP)
• First Trust Institutional Preferred Securities and Income ETF (FPEI)

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.