BMO Balanced Allocation Fund
Data updated: 2022-01-19
C000128312 — BMO Balanced Allocation Fund. Money Market · $244.52M AUM · 1.05% expense ratio · 12.9% 1-yr return. Holdings, fees, performance and SEC filings.
C000128312 Fund Overview
BMO Balanced Allocation Fund is a US mutual fund managed by Bmo Funds, Inc., categorised as Money Market. 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: Money Market
- Assets under management: $244.52M
- 1-year return: 12.9%
- SEC CIK: 0000889366
- SEC series ID: S000041361
- Share class ID: C000128312
C000128312 Investment Objective and Strategy
BMO Balanced Allocation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Bmo Funds, Inc..
Investment objective
To provide total investment return from income and appreciation.
Principal investment strategy
The Fund invests primarily in other BMO mutual funds representing a variety of asset classes (the underlying funds) according to an asset allocation strategy developed by the Adviser. The Adviser may add unaffiliated funds to the underlying funds in its discretion and periodically may rebalance or modify the asset mix and change the underlying funds. The Fund normally targets an allocation of approximately 40% of its total assets in funds that invest principally in fixed income securities and 60% of its total assets in funds that invest principally in equity securities. Under normal market conditions, the Fund allocates its assets among the underlying funds based on asset allocation target ranges of 30-50% of its total assets in funds that invest principally in fixed income securities and 50-70% of its total assets in funds that invest principally in equity securities.
Equity securities in which the underlying funds may invest may be of any market capitalization and include common stock, preferred stock, depositary receipts, rights and warrants, and exchange-traded funds. Fixed income securities in which the underlying funds may invest include corporate bonds and government securities, mortgage-backed and asset-backed securities, and convertible securities (fixed income securities convertible into shares of common or preferred stock). The Fund also may invest in funds with exposure to debt securities that are below investment grade, also known as high yield securities (junk bonds), and in funds that invest in cash, cash equivalents, and other short-term fixed income instruments, including money market funds. While the Fund will invest primarily in underlying funds that invest in U.S.
securities, some underlying funds may invest in foreign securities, including emerging markets. The Fund is one of the BMO Target Risk Funds. The target investment allocation for each of the Target Risk Funds, based on each Funds total assets, is set forth below. BMO Fund Equity Fixed Income Money Market Funds Conservative Allocation 10% - 30% 70% - 90% 0% - 10% Moderate Allocation 30% - 50% 50% - 70% 0% - 10% Balanced Allocation 50% - 70% 30% - 50% 0% - 10% Growth Allocation 70% - 90% 10% - 30% 0% - 10% Aggressive Allocation 90% - 100% 0% 0% - 10% The Adviser will continuously monitor the Fund and may make modifications to either the investment approach or the underlying fund allocations that the Adviser believes could benefit shareholders. The Adviser will also monitor the underlying funds on an ongoing basis and may increase or decrease the Funds investment in one or several underlying funds.
The underlying fund selections are made based on several considerations, including the funds investment team expertise, style or asset class exposures, portfolio characteristics, risk profile, and investment process. The underlying funds invest their assets directly in equity, fixed income, derivatives, cash, and cash equivalents (including money market funds) in accordance with their own investment objectives and policies. Although the Fund intends to invest primarily in a combination of underlying funds, the Fund may invest directly in equity and fixed income securities, money market securities, and certain derivative instruments including currency and index-related futures and forwards for both hedging and investment purposes. For temporary defensive purposes during unusual economic or market conditions or for liquidity purposes, the Fund may invest up to 100% of its assets directly in cash, money market funds, and other money market instruments, repurchase agreements, and other short-term obligations.
When the Fund engages in such activities, it may not achieve its investment objective.
C000128312 Performance
Total returns for C000128312 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 12.9% |
| 3 years (annualised) | 12.2% |
C000128312 Risk Information
Risk metrics for C000128312, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 6.7%
C000128312 Costs and Fees
C000128312 costs about $105 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.05%
- Gross expense ratio: 1.22%
- Portfolio turnover: 20%
- Brokerage commissions: 0.11 bps of average net assets (SEC N-CEN)
C000128312 Cashflows
Over the 12 months to 2021-11, BMO Balanced Allocation Fund had net inflows of $2.01M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-11 | −$5.97M |
| 2021-10 | $885.91K |
| 2021-09 | −$75.92K |
| 2021-08 | −$5.80M |
| 2021-07 | −$1.81M |
| 2021-06 | $46.71K |
C000128312 Debt Constituents
No individual debt constituents are reported in BMO Balanced Allocation Fund's latest SEC N-PORT filing.
C000128312 Prospectus and SEC Filings
Official BMO Balanced Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-12-22
- Prospectus (485BPOS) — filed 2020-12-23
- Prospectus (485BPOS) — filed 2020-01-16
- 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 Money Market 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.