BMO Ultra Short Tax-Free I
Name
As of 01/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-0.2%
1 yr return
0.5%
3 Yr Avg Return
1.2%
5 Yr Avg Return
1.2%
Net Assets
$546 M
Holdings in Top 10
21.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.30%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 01/21/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
MUISX - Profile
Distributions
- YTD Total Return -0.2%
- 3 Yr Annualized Total Return 1.2%
- 5 Yr Annualized Total Return 1.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.64%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBMO Ultra Short Tax-Free Fund
-
Fund Family NameBMO Funds
-
Inception DateSep 30, 2009
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerRobert Wimmel
Fund Description
MUISX - Performance
Return Ranking - Trailing
Period | MUISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -88.5% | 9.3% | 9.75% |
1 Yr | 0.5% | -20.5% | 20.4% | 81.70% |
3 Yr | 1.2%* | -6.2% | 11.7% | 96.71% |
5 Yr | 1.2%* | -3.5% | 7.9% | 95.61% |
10 Yr | 1.1%* | -0.3% | 8.6% | 96.13% |
* Annualized
Return Ranking - Calendar
Period | MUISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.1% | -91.1% | 101.7% | 33.89% |
2022 | 0.2% | -79.8% | 310.0% | 84.25% |
2021 | 0.2% | -72.6% | 15.4% | 73.32% |
2020 | 0.0% | -57.4% | 97.2% | 18.49% |
2019 | 0.1% | -100.0% | 6.8% | 66.83% |
Total Return Ranking - Trailing
Period | MUISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.2% | -88.5% | 9.3% | 11.59% |
1 Yr | 0.5% | -24.2% | 24.2% | 48.26% |
3 Yr | 1.2%* | -7.0% | 11.7% | 90.73% |
5 Yr | 1.2%* | -4.0% | 7.9% | 88.00% |
10 Yr | 1.1%* | -0.8% | 8.6% | 95.65% |
* Annualized
Total Return Ranking - Calendar
Period | MUISX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -0.1% | -91.1% | 101.9% | 33.97% |
2022 | 0.2% | -79.8% | 310.0% | 84.25% |
2021 | 0.2% | -72.6% | 15.4% | 73.32% |
2020 | 0.0% | -57.4% | 11.0% | 21.58% |
2019 | 0.2% | -100.0% | 7.0% | 67.11% |
NAV & Total Return History
MUISX - Holdings
Concentration Analysis
MUISX | Category Low | Category High | MUISX % Rank | |
---|---|---|---|---|
Net Assets | 546 M | 863 K | 88.8 B | 47.03% |
Number of Holdings | 190 | 1 | 13143 | 45.69% |
Net Assets in Top 10 | 121 M | -306 M | 3.57 B | 26.08% |
Weighting of Top 10 | 21.93% | 2.3% | 100.0% | 49.34% |
Top 10 Holdings
- WEST VIRGINIA ST HOSP FIN AUTH HOSP REV 0.12% 3.52%
- DELAWARE CNTY PA INDL DEV AUTH ARPT FACS REV 0.03% 3.35%
- TENDER OPT BD TR RCPTS / CTFS VAR STS 0.08% 2.73%
- NATIONAL FIN AUTH N H EXEMPT FACS REV 2% 2.69%
- WISCONSIN ST HEALTH & EDL FACS AUTH REV 0.15% 2.43%
- PORT ARTHUR TEX NAV DIST INDL DEV CORP EXEMPT FACS REV 0.08% 2.41%
- MISSISSIPPI BUSINESS FIN CORP GULF OPPORTUNITY ZONE REV 0.25% 2.35%
- NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 0% 2.18%
- ESCAMBIA CNTY FLA SOLID WASTE DISP SYS REV 0.05% 2.18%
- ESCAMBIA CNTY FLA SOLID WASTE DISP SYS REV 0.22% 2.09%
Asset Allocation
Weighting | Return Low | Return High | MUISX % Rank | |
---|---|---|---|---|
Bonds | 94.80% | 46.14% | 149.06% | 86.99% |
Cash | 5.20% | -45.79% | 53.86% | 12.86% |
Stocks | 0.00% | 0.00% | 3.53% | 74.52% |
Preferred Stocks | 0.00% | -3.40% | 1.17% | 71.57% |
Other | 0.00% | -49.33% | 30.00% | 72.52% |
Convertible Bonds | 0.00% | 0.00% | 0.57% | 72.76% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MUISX % Rank | |
---|---|---|---|---|
Municipal | 94.80% | 45.20% | 100.00% | 84.71% |
Cash & Equivalents | 5.20% | 0.00% | 53.86% | 13.93% |
Derivative | 0.00% | 0.00% | 5.72% | 72.68% |
Securitized | 0.00% | 0.00% | 7.06% | 73.34% |
Corporate | 0.00% | 0.00% | 11.13% | 77.50% |
Government | 0.00% | 0.00% | 50.78% | 74.70% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MUISX % Rank | |
---|---|---|---|---|
US | 94.80% | 0.00% | 141.11% | 73.92% |
Non US | 0.00% | 0.00% | 100.00% | 94.52% |
MUISX - Expenses
Operational Fees
MUISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.30% | 0.04% | 4.23% | 79.08% |
Management Fee | 0.17% | 0.00% | 1.60% | 4.34% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.01% | 0.44% | 69.96% |
Sales Fees
MUISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
MUISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
MUISX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 261.23% | 99.07% |
MUISX - Distributions
Dividend Yield Analysis
MUISX | Category Low | Category High | MUISX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 35.27% | 72.78% |
Dividend Distribution Analysis
MUISX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MUISX | Category Low | Category High | MUISX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.64% | -1.30% | 24.00% | 95.37% |
Capital Gain Distribution Analysis
MUISX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.015 | |
Feb 28, 2019 | $0.014 | |
Jan 31, 2019 | $0.013 | |
Dec 31, 2018 | $0.014 | |
Nov 30, 2018 | $0.014 | |
Oct 31, 2018 | $0.014 | |
Sep 28, 2018 | $0.013 | |
Aug 31, 2018 | $0.012 | |
Jul 31, 2018 | $0.010 | |
Jun 29, 2018 | $0.011 | |
May 31, 2018 | $0.012 | |
Apr 30, 2018 | $0.013 | |
Mar 29, 2018 | $0.011 | |
Feb 28, 2018 | $0.009 | |
Jan 31, 2018 | $0.011 | |
Dec 29, 2017 | $0.010 | |
Nov 30, 2017 | $0.009 | |
Oct 31, 2017 | $0.009 | |
Sep 29, 2017 | $0.008 | |
Aug 31, 2017 | $0.008 | |
Jul 31, 2017 | $0.009 | |
Jun 30, 2017 | $0.009 | |
May 31, 2017 | $0.009 | |
Apr 28, 2017 | $0.009 | |
Mar 31, 2017 | $0.008 | |
Feb 28, 2017 | $0.008 | |
Jan 31, 2017 | $0.008 | |
Dec 30, 2016 | $0.008 | |
Nov 30, 2016 | $0.007 | |
Oct 31, 2016 | $0.007 | |
Sep 30, 2016 | $0.007 | |
Aug 31, 2016 | $0.006 | |
Jul 29, 2016 | $0.006 | |
Jun 30, 2016 | $0.007 | |
May 31, 2016 | $0.006 | |
Apr 29, 2016 | $0.006 | |
Mar 31, 2016 | $0.005 | |
Feb 29, 2016 | $0.005 | |
Jan 29, 2016 | $0.005 | |
Dec 31, 2015 | $0.005 | |
Nov 30, 2015 | $0.005 | |
Oct 30, 2015 | $0.005 | |
Sep 30, 2015 | $0.005 | |
Aug 31, 2015 | $0.005 | |
Jul 31, 2015 | $0.004 | |
Jun 30, 2015 | $0.005 | |
May 29, 2015 | $0.005 | |
Apr 30, 2015 | $0.005 | |
Mar 31, 2015 | $0.005 | |
Feb 27, 2015 | $0.005 | |
Jan 30, 2015 | $0.005 | |
Dec 31, 2014 | $0.005 | |
Nov 28, 2014 | $0.006 | |
Oct 31, 2014 | $0.006 | |
Sep 30, 2014 | $0.006 | |
Aug 29, 2014 | $0.006 | |
Jul 31, 2014 | $0.006 | |
Jun 30, 2014 | $0.007 | |
May 30, 2014 | $0.007 | |
Apr 30, 2014 | $0.007 | |
Mar 31, 2014 | $0.007 | |
Feb 28, 2014 | $0.007 | |
Jan 31, 2014 | $0.007 | |
Dec 31, 2013 | $0.007 | |
Nov 29, 2013 | $0.007 | |
Oct 31, 2013 | $0.007 | |
Sep 30, 2013 | $0.008 | |
Aug 30, 2013 | $0.007 | |
Jul 31, 2013 | $0.007 | |
Jun 28, 2013 | $0.008 | |
May 31, 2013 | $0.008 | |
Apr 30, 2013 | $0.009 | |
Mar 28, 2013 | $0.008 | |
Feb 28, 2013 | $0.008 | |
Jan 31, 2013 | $0.008 | |
Dec 31, 2012 | $0.008 | |
Nov 30, 2012 | $0.009 | |
Oct 31, 2012 | $0.009 | |
Sep 28, 2012 | $0.009 | |
Aug 31, 2012 | $0.009 | |
Jul 31, 2012 | $0.009 | |
Jun 29, 2012 | $0.011 | |
May 31, 2012 | $0.010 | |
Apr 30, 2012 | $0.010 | |
Mar 30, 2012 | $0.011 | |
Feb 29, 2012 | $0.012 | |
Jan 31, 2012 | $0.013 | |
Dec 30, 2011 | $0.013 | |
Nov 30, 2011 | $0.013 | |
Oct 31, 2011 | $0.013 | |
Sep 30, 2011 | $0.013 | |
Aug 31, 2011 | $0.013 | |
Jul 29, 2011 | $0.013 | |
Jun 30, 2011 | $0.016 | |
May 31, 2011 | $0.015 | |
Apr 29, 2011 | $0.015 | |
Mar 31, 2011 | $0.015 | |
Feb 28, 2011 | $0.014 | |
Jan 31, 2011 | $0.013 | |
Dec 31, 2010 | $0.014 | |
Nov 30, 2010 | $0.013 | |
Oct 29, 2010 | $0.013 | |
Sep 30, 2010 | $0.013 | |
Aug 31, 2010 | $0.014 | |
Jul 30, 2010 | $0.014 | |
Jun 30, 2010 | $0.013 | |
May 28, 2010 | $0.012 | |
Apr 30, 2010 | $0.012 | |
Mar 31, 2010 | $0.012 | |
Feb 26, 2010 | $0.013 | |
Jan 31, 2010 | $0.012 | |
Dec 31, 2009 | $0.013 | |
Nov 30, 2009 | $0.011 | |
Oct 31, 2009 | $0.009 |
MUISX - Fund Manager Analysis
Managers
Robert Wimmel
Start Date
Tenure
Tenure Rank
Aug 25, 2015
6.36
6.4%
Rob is the head of Tax-Exempt Fixed Income at BMO Global Asset Management. Rob began his career in the investment industry in 1992 and joined BMO Global Asset Management in 2015. Previously, Rob was head of investment-grade municipals at Invesco from 1996 to 2015. Rob holds an M.A. in economics from the University of Illinois at Chicago and a B.A. in anthropology cum laude from the University of Cincinnati.
Thomas Byron
Start Date
Tenure
Tenure Rank
Oct 13, 2015
6.22
6.2%
Tom is a senior portfolio manager on the BMO Tax-Exempt Fixed Income Team. Before joining BMO Global Asset Management in 2015, Tom was a senior portfolio manager at Invesco. He began his career in the investment industry as a unit trust administrator for Invesco in 1981. Tom holds an M.B.A. in finance from DePaul University and a B.S. in finance from Marquette University.
Brian Sipich
Start Date
Tenure
Tenure Rank
Oct 04, 2016
5.24
5.2%
Mr. Sipich joined BMO Asset Management Corp in 2015 where he serves as a Vice President and Portfolio Manager. Previously, Mr. Sipich was a quantitative analyst at Invesco Advisers and held various positions there since 2008. He is a CFA Charterholder.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.03 | 34.64 | 7.15 | 1.16 |