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Name

As of 01/21/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BMO Corporate Income Fund

MCIYX | Fund

$13.17

$327 M

2.93%

$0.39

0.59%

Vitals

YTD Return

-4.3%

1 yr return

-0.8%

3 Yr Avg Return

7.8%

5 Yr Avg Return

5.3%

Net Assets

$327 M

Holdings in Top 10

8.7%

52 WEEK LOW AND HIGH

$13.2
$13.16
$14.46

Expenses

OPERATING FEES

Expense Ratio 0.59%

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

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 01/21/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

BMO Corporate Income Fund

MCIYX | Fund

$13.17

$327 M

2.93%

$0.39

0.59%

MCIYX - Profile

Distributions

  • YTD Total Return -4.3%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 5.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.72%
DIVIDENDS
  • Dividend Yield 2.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    BMO Corporate Income Fund
  • Fund Family Name
    BMO Funds
  • Inception Date
    Dec 22, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The Fund invests at least 80% of its assets in corporate debt securities, including convertible debt securities. Although the Fund will invest primarily in U.S. dollar denominated securities with a minimum rating in the lowest investment grade category (i.e., rated BBB by Standard & Poor’s or Baa by Moody’s Investors Service, or higher, or unrated and considered by the sub-adviser to be comparable in quality) at the time of purchase, the Fund may invest up to 20% of its assets in debt 
securities that are below investment grade, also known as high yield securities or “junk bonds,” and non-U.S. dollar denominated foreign debt securities. The Fund also may invest in U.S. government securities, asset-backed and mortgage-backed securities, and U.S. dollar denominated foreign debt securities. 
The Adviser uses macroeconomic, credit, and market analysis to select portfolio securities. The Adviser also integrates environmental, social, and governance (ESG) considerations into its investment process. The Fund normally maintains an average dollar-weighted effective maturity of three to fifteen years. Effective maturity takes into account the possibility that a bond may have prepayments or may be called by the issuer before its 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. 
Read More

MCIYX - Performance

Return Ranking - Trailing

Period MCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -87.1% 10.7% 13.58%
1 Yr -0.8% -17.3% 45.4% 42.24%
3 Yr 7.8%* -4.2% 11.9% 1.47%
5 Yr 5.3%* -1.5% 8.1% 1.88%
10 Yr 5.3%* 0.8% 5.6% 2.19%

* Annualized

Return Ranking - Calendar

Period MCIYX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.8% -85.3% 4.9% 69.01%
2022 7.0% -44.7% 31.5% 24.15%
2021 10.3% -23.2% 34.5% 24.61%
2020 -6.3% -52.7% 4.7% 61.79%
2019 3.4% -3.5% 18.3% 37.04%

Total Return Ranking - Trailing

Period MCIYX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.3% -87.1% 10.7% 11.85%
1 Yr -0.8% -18.4% 42.5% 35.19%
3 Yr 7.8%* -4.2% 11.2% 1.11%
5 Yr 5.3%* -1.5% 7.7% 1.66%
10 Yr 5.3%* 0.8% 5.6% 2.19%

* Annualized

Total Return Ranking - Calendar

Period MCIYX Return Category Return Low Category Return High Rank in Category (%)
2023 -5.8% -85.3% 4.9% 69.01%
2022 7.0% -44.7% 31.5% 24.15%
2021 10.3% -23.2% 34.5% 26.25%
2020 -6.3% -52.7% 92.1% 73.57%
2019 3.5% -3.5% 18.3% 47.09%

NAV & Total Return History

MCIYX - Holdings

Concentration Analysis

MCIYX Category Low Category High MCIYX % Rank
Net Assets 327 M 6.64 M 44.9 B 54.01%
Number of Holdings 211 1 9186 46.84%
Net Assets in Top 10 28.3 M -30.4 M 3.82 B 31.80%
Weighting of Top 10 8.66% 1.4% 100.0% 90.27%

Top 10 Holdings

  1. BMO Institutional Prime MMkt Prem 3.46%
  2. Truist Financial Corporation 0.45% 1.13%
  3. AbbVie Inc. 0.8% 1.04%
  4. Barclays PLC 3.811% 1.00%
  5. HIGH STREET FUNDING TRUST II 4.682% 0.97%
  6. Citadel Finance Llc 3.375% 0.93%
  7. GE Capital International Funding Company Unlimited Company 4.418% 0.92%
  8. Bayer US Finance II LLC 4.875% 0.91%
  9. B.A.T. Capital Corporation 4.54% 0.88%
  10. FedEx Corporation 4.05% 0.88%

Asset Allocation

Weighting Return Low Return High MCIYX % Rank
Bonds 		97.92% 0.00% 138.20% 39.32%
Convertible Bonds 		1.70% 0.00% 73.11% 49.76%
Cash 		0.38% -45.18% 100.00% 48.06%
Stocks 		0.00% 0.00% 6.00% 31.31%
Preferred Stocks 		0.00% 0.00% 9.18% 41.99%
Other 		0.00% -38.92% 3.82% 27.91%

Bond Sector Breakdown

Weighting Return Low Return High MCIYX % Rank
Corporate 		97.02% 0.00% 100.00% 45.63%
Securitized 		1.47% 0.00% 21.97% 23.06%
Government 		1.14% 0.00% 25.63% 38.35%
Cash & Equivalents 		0.38% 0.00% 100.00% 56.07%
Derivative 		0.00% 0.00% 26.80% 34.95%
Municipal 		0.00% 0.00% 3.29% 52.67%

Bond Geographic Breakdown

Weighting Return Low Return High MCIYX % Rank
US 		84.21% 0.00% 122.90% 37.38%
Non US 		13.71% 0.00% 46.96% 48.79%

MCIYX - Expenses

Operational Fees

MCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.03% 3.62% 28.18%
Management Fee 0.18% 0.00% 1.35% 15.55%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.02% 0.45% 80.22%

Sales Fees

MCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 50.00%

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.

MCIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 349.00% 19.82%

MCIYX - Distributions

Dividend Yield Analysis

MCIYX Category Low Category High MCIYX % Rank
Dividend Yield 2.93% 0.00% 46.82% 86.62%

Dividend Distribution Analysis

MCIYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

MCIYX Category Low Category High MCIYX % Rank
Net Income Ratio 2.72% -0.69% 7.58% 21.40%

Capital Gain Distribution Analysis

MCIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

MCIYX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 24.67 5.61 2.33

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