BMO Corporate Income I
Name
As of 01/21/2022Price
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
Vitals
YTD Return
-4.3%
1 yr return
-0.6%
3 Yr Avg Return
8.0%
5 Yr Avg Return
5.5%
Net Assets
$327 M
Holdings in Top 10
8.7%
52 WEEK LOW AND HIGH
$13.2
$13.15
$14.45
Expenses
OPERATING FEES
Expense Ratio 0.41%
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
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
MCIIX - Profile
Distributions
- YTD Total Return -4.3%
- 3 Yr Annualized Total Return 8.0%
- 5 Yr Annualized Total Return 5.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.90%
- Dividend Yield 3.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameBMO Corporate Income Fund
-
Fund Family NameBMO Funds
-
Inception DateDec 22, 2008
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited 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.
MCIIX - Performance
Return Ranking - Trailing
Period | MCIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.3% | -87.1% | 10.7% | 13.83% |
1 Yr | -0.6% | -17.3% | 45.4% | 41.98% |
3 Yr | 8.0%* | -4.2% | 11.9% | 1.17% |
5 Yr | 5.5%* | -1.5% | 8.1% | 1.50% |
10 Yr | 5.5%* | 0.8% | 5.6% | 1.46% |
* Annualized
Return Ranking - Calendar
Period | MCIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.8% | -85.3% | 4.9% | 69.53% |
2022 | 7.0% | -44.7% | 31.5% | 23.86% |
2021 | 10.4% | -23.2% | 34.5% | 24.30% |
2020 | -6.4% | -52.7% | 4.7% | 64.29% |
2019 | 3.4% | -3.5% | 18.3% | 35.98% |
Total Return Ranking - Trailing
Period | MCIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -4.3% | -87.1% | 10.7% | 12.10% |
1 Yr | -0.6% | -18.4% | 42.5% | 33.92% |
3 Yr | 8.0%* | -4.2% | 11.2% | 0.84% |
5 Yr | 5.5%* | -1.5% | 7.7% | 1.00% |
10 Yr | 5.5%* | 0.8% | 5.6% | 1.46% |
* Annualized
Total Return Ranking - Calendar
Period | MCIIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.8% | -85.3% | 4.9% | 69.53% |
2022 | 7.0% | -44.7% | 31.5% | 23.86% |
2021 | 10.4% | -23.2% | 34.5% | 25.94% |
2020 | -6.4% | -52.7% | 92.1% | 75.71% |
2019 | 3.5% | -3.5% | 18.3% | 46.03% |
NAV & Total Return History
MCIIX - Holdings
Concentration Analysis
MCIIX | Category Low | Category High | MCIIX % Rank | |
---|---|---|---|---|
Net Assets | 327 M | 6.64 M | 44.9 B | 54.43% |
Number of Holdings | 211 | 1 | 9186 | 47.09% |
Net Assets in Top 10 | 28.3 M | -30.4 M | 3.82 B | 32.04% |
Weighting of Top 10 | 8.66% | 1.4% | 100.0% | 90.51% |
Top 10 Holdings
- BMO Institutional Prime MMkt Prem 3.46%
- Truist Financial Corporation 0.45% 1.13%
- AbbVie Inc. 0.8% 1.04%
- Barclays PLC 3.811% 1.00%
- HIGH STREET FUNDING TRUST II 4.682% 0.97%
- Citadel Finance Llc 3.375% 0.93%
- GE Capital International Funding Company Unlimited Company 4.418% 0.92%
- Bayer US Finance II LLC 4.875% 0.91%
- B.A.T. Capital Corporation 4.54% 0.88%
- FedEx Corporation 4.05% 0.88%
Asset Allocation
Weighting | Return Low | Return High | MCIIX % Rank | |
---|---|---|---|---|
Bonds | 97.92% | 0.00% | 138.20% | 39.56% |
Convertible Bonds | 1.70% | 0.00% | 73.11% | 50.00% |
Cash | 0.38% | -45.18% | 100.00% | 48.30% |
Stocks | 0.00% | 0.00% | 6.00% | 31.55% |
Preferred Stocks | 0.00% | 0.00% | 9.18% | 42.23% |
Other | 0.00% | -38.92% | 3.82% | 28.16% |
Bond Sector Breakdown
Weighting | Return Low | Return High | MCIIX % Rank | |
---|---|---|---|---|
Corporate | 97.02% | 0.00% | 100.00% | 45.87% |
Securitized | 1.47% | 0.00% | 21.97% | 23.30% |
Government | 1.14% | 0.00% | 25.63% | 38.59% |
Cash & Equivalents | 0.38% | 0.00% | 100.00% | 56.31% |
Derivative | 0.00% | 0.00% | 26.80% | 35.19% |
Municipal | 0.00% | 0.00% | 3.29% | 52.91% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | MCIIX % Rank | |
---|---|---|---|---|
US | 84.21% | 0.00% | 122.90% | 37.62% |
Non US | 13.71% | 0.00% | 46.96% | 49.03% |
MCIIX - Expenses
Operational Fees
MCIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.41% | 0.03% | 3.62% | 42.89% |
Management Fee | 0.18% | 0.00% | 1.35% | 15.97% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.15% | 0.02% | 0.45% | 81.32% |
Sales Fees
MCIIX 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
MCIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 25.00% |
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.
MCIIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 349.00% | 21.62% |
MCIIX - Distributions
Dividend Yield Analysis
MCIIX | Category Low | Category High | MCIIX % Rank | |
---|---|---|---|---|
Dividend Yield | 3.02% | 0.00% | 46.82% | 86.86% |
Dividend Distribution Analysis
MCIIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
MCIIX | Category Low | Category High | MCIIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.90% | -0.69% | 7.58% | 10.92% |
Capital Gain Distribution Analysis
MCIIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.040 | |
Feb 28, 2019 | $0.040 | |
Jan 31, 2019 | $0.040 | |
Dec 31, 2018 | $0.041 | |
Nov 30, 2018 | $0.041 | |
Oct 31, 2018 | $0.038 | |
Sep 28, 2018 | $0.037 | |
Aug 31, 2018 | $0.038 | |
Jul 31, 2018 | $0.038 | |
Jun 29, 2018 | $0.038 | |
May 31, 2018 | $0.038 | |
Apr 30, 2018 | $0.036 | |
Mar 29, 2018 | $0.035 | |
Feb 28, 2018 | $0.034 | |
Jan 31, 2018 | $0.033 | |
Dec 29, 2017 | $0.033 | |
Nov 30, 2017 | $0.033 | |
Oct 31, 2017 | $0.032 | |
Sep 29, 2017 | $0.032 | |
Aug 31, 2017 | $0.031 | |
Jul 31, 2017 | $0.030 | |
Jun 30, 2017 | $0.030 | |
May 31, 2017 | $0.031 | |
Apr 28, 2017 | $0.030 | |
Mar 31, 2017 | $0.030 | |
Feb 28, 2017 | $0.030 | |
Jan 31, 2017 | $0.030 | |
Dec 30, 2016 | $0.032 | |
Nov 30, 2016 | $0.031 | |
Oct 31, 2016 | $0.031 | |
Sep 30, 2016 | $0.033 | |
Aug 31, 2016 | $0.036 | |
Jul 29, 2016 | $0.036 | |
Jun 30, 2016 | $0.039 | |
May 31, 2016 | $0.039 | |
Apr 29, 2016 | $0.040 | |
Mar 31, 2016 | $0.042 | |
Feb 29, 2016 | $0.043 | |
Jan 29, 2016 | $0.042 | |
Dec 31, 2015 | $0.041 | |
Nov 30, 2015 | $0.038 | |
Oct 30, 2015 | $0.035 | |
Sep 30, 2015 | $0.035 | |
Aug 31, 2015 | $0.034 | |
Jul 31, 2015 | $0.033 | |
Jun 30, 2015 | $0.031 | |
May 29, 2015 | $0.031 | |
Apr 30, 2015 | $0.031 | |
Mar 31, 2015 | $0.032 | |
Feb 27, 2015 | $0.032 | |
Jan 30, 2015 | $0.032 | |
Dec 31, 2014 | $0.031 | |
Nov 28, 2014 | $0.032 | |
Oct 31, 2014 | $0.031 | |
Sep 30, 2014 | $0.033 | |
Aug 29, 2014 | $0.033 | |
Jul 31, 2014 | $0.032 | |
Jun 30, 2014 | $0.034 | |
May 30, 2014 | $0.036 | |
Apr 30, 2014 | $0.038 | |
Mar 31, 2014 | $0.040 | |
Feb 28, 2014 | $0.041 | |
Jan 31, 2014 | $0.040 | |
Dec 31, 2013 | $0.039 | |
Nov 29, 2013 | $0.040 | |
Oct 31, 2013 | $0.039 | |
Sep 30, 2013 | $0.039 | |
Aug 30, 2013 | $0.039 | |
Jul 31, 2013 | $0.039 | |
Jun 28, 2013 | $0.036 | |
May 31, 2013 | $0.035 | |
Apr 30, 2013 | $0.037 | |
Mar 28, 2013 | $0.037 | |
Feb 28, 2013 | $0.038 | |
Jan 31, 2013 | $0.036 | |
Dec 31, 2012 | $0.037 | |
Nov 30, 2012 | $0.038 | |
Oct 31, 2012 | $0.039 | |
Sep 28, 2012 | $0.040 | |
Aug 31, 2012 | $0.041 | |
Jul 31, 2012 | $0.041 | |
Jun 29, 2012 | $0.042 | |
May 31, 2012 | $0.040 | |
Apr 30, 2012 | $0.041 | |
Mar 30, 2012 | $0.044 | |
Feb 29, 2012 | $0.045 | |
Jan 31, 2012 | $0.045 | |
Dec 30, 2011 | $0.047 | |
Nov 30, 2011 | $0.044 | |
Oct 31, 2011 | $0.044 | |
Sep 30, 2011 | $0.044 | |
Aug 31, 2011 | $0.042 | |
Jul 29, 2011 | $0.043 | |
Jun 30, 2011 | $0.046 | |
May 31, 2011 | $0.045 | |
Apr 29, 2011 | $0.046 | |
Mar 31, 2011 | $0.047 | |
Feb 28, 2011 | $0.046 | |
Jan 31, 2011 | $0.046 | |
Dec 31, 2010 | $0.045 | |
Nov 30, 2010 | $0.045 | |
Oct 29, 2010 | $0.045 | |
Sep 30, 2010 | $0.046 | |
Aug 31, 2010 | $0.043 | |
Jul 30, 2010 | $0.040 | |
Jun 30, 2010 | $0.041 | |
May 28, 2010 | $0.037 | |
Apr 30, 2010 | $0.041 | |
Mar 31, 2010 | $0.046 | |
Feb 26, 2010 | $0.043 | |
Jan 31, 2010 | $0.047 | |
Dec 31, 2009 | $0.052 | |
Nov 30, 2009 | $0.051 | |
Oct 31, 2009 | $0.053 | |
Sep 30, 2009 | $0.052 | |
Aug 31, 2009 | $0.050 | |
Jul 31, 2009 | $0.048 | |
Jun 30, 2009 | $0.051 | |
May 29, 2009 | $0.053 | |
Apr 30, 2009 | $0.050 | |
Mar 31, 2009 | $0.043 | |
Feb 28, 2009 | $0.035 | |
Jan 31, 2009 | $0.025 | |
Dec 31, 2008 | $0.004 |