BMO Intermediate Tax-Free Fund
Data updated: 2022-01-19
C000142364 — BMO Intermediate Tax-Free Fund. Intermediate Municipal - National Bond · $1.54B AUM. Holdings, fees, performance and SEC filings.
C000142364 Fund Overview
BMO Intermediate Tax-Free Fund is a US mutual fund managed by Bmo Funds, Inc., categorised as Intermediate Municipal - National 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: Intermediate Municipal - National Bond
- Assets under management: $1.54B
- 1-year return: 2.8%
- SEC CIK: 0000889366
- SEC series ID: S000000747
- Share class ID: C000142364
C000142364 Investment Objective and Strategy
BMO Intermediate Tax-Free Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Bmo Funds, Inc..
Investment objective
To provide a high level of current income exempt from federal income tax consistent with preservation of capital.
Principal investment strategy
The Fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax (including the federal alternative minimum tax (AMT)). The Fund normally maintains an average dollar-weighted effective maturity of three to ten 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. Fund investments include municipal 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. The Fund also may invest up to 10% of its assets in municipal securities that are below investment grade, also known as high yield securities or junk bonds.
Municipal securities include debt obligations of states, territories, and possessions of the U.S. and political subdivisions, and financing authorities of these entities that provide income exempt from federal income tax (including federal AMT). The Adviser selects Fund investments after assessing factors such as the cyclical trend in interest rates, the shape of the municipal yield curve, tax rates, sector valuation, and municipal bond supply factors. 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.
C000142364 Performance
Total returns for C000142364 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 2.8% |
| 3 years (annualised) | 2.5% |
C000142364 Risk Information
Risk metrics for C000142364, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 2.0%
C000142364 Costs and Fees
C000142364 costs about $54 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.54%
- Gross expense ratio: 0.56%
- Portfolio turnover: 52%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000142364 Cashflows
Over the 12 months to 2021-11, BMO Intermediate Tax-Free Fund had net outflows of $371.42M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2021-11 | −$45.71M |
| 2021-10 | −$94.71M |
| 2021-09 | −$245.55M |
| 2021-08 | −$56.99M |
| 2021-07 | $24.53M |
| 2021-06 | $12.55M |
C000142364 Debt Constituents
No individual debt constituents are reported in BMO Intermediate Tax-Free Fund's latest SEC N-PORT filing.
C000142364 Prospectus and SEC Filings
Official BMO Intermediate Tax-Free Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-12-23
- Prospectus (485BPOS) — filed 2020-01-16
- Prospectus supplement (497) — filed 2019-05-24
- 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 Intermediate Municipal - National 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.