BMO launches Series D mutual funds

BMO sets investment minimums at $500 and MER at 0.85%.

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Waking up to the reality that self-directed investors simply want greater access to low-cost funds, BMO Investments Inc. announced that as of April 8 it is now offering a suite of 33 Series D mutual funds exclusively through its BMO InvestorLine.

Investment minimums for the funds, which are designed for those who don’t require an adviser’s services and want to make their own investment decisions, are only $500. The management expense ratio (MER) savings for some of these funds is considerable compared to BMO’s corresponding Series A offerings. For instance, the BMO U.S. Equity ETF Fund Series D has an MER of  0.85%, which is one 1.16 percentage points lower than its Series A counterpart.

BMO Investments Inc. has also reduced management fees across its series of 67 Series F mutual fund lineup, providing investors with increased access to lower cost mutual funds within fee-based accounts.

Below is a list of the new BMO Mutual Fund Series D target MERs and their BMO Mutual Fund Series A MER savings.

Fund/Portfolios
Series D Target MER

Series A MER savings

BMO Fixed Income ETF Portfolio Series D

0.85

New Fund

BMO Security ETF Portfolio Series D

0.85

New Fund

BMO Conservative ETF Portfolio Series D

0.85

New Fund

BMO Balanced ETF Portfolio Series D

0.90

New Fund

BMO Growth ETF Portfolio Series D

0.90

New Fund

BMO Equity Growth ETF Portfolio Series D

0.95

New Fund

ETF Based Solutions    
BMO Tactical Dividend ETF Fund Series D

                 1.20

New fund

BMO Target Enhanced Yield ETF Portfolio Series D

1.05

1.71

BMO Target Yield ETF Portfolio Series D

                 0.85

1.58

Index Funds    
BMO Canadian Equity ETF Fund Series D

                0.80

1.05

BMO U.S. Equity ETF Fund Series D

                0.85

1.16

BMO International Equity ETF Fund Series D

                1.00

1.16 

Income Funds    
BMO Bond Fund Series D

0.75

1.60

BMO Global Strategic Bond Fund Series D

1.35

2.23

BMO Emerging Markets Bond Fund Series D

1.30

New fund

BMO U.S. High Yield Bond Fund Series D

1.15

2.21

BMO Preferred Share Fund Series D

1.15

New fund

BMO Floating Rate Income Fund Series D

1.15

1.85

Balanced Funds    
BMO Monthly Income Fund Series D

1.05

1.57

BMO Asset Allocation Fund Series D

1.05

2.12

Equity Funds    
BMO Canadian Small Cap Fund Series D

1.40

2.51

BMO Canadian Stock Selection Fund   Series D

1.20

New fund

BMO Canadian Equity Fund Series D

1.20

2.39

BMO Monthly High Income Fund II Series D

1.30

2.37

BMO Enhanced Equity Income Fund     Series D

1.20

2.09

BMO Dividend Fund Series D

1.20

1.80

BMO Asian Growth & Income Fund Series D

1.80

2.87

BMO Emerging Markets Fund Series D

1.55

2.65

BMO European Fund Series D

1.55

2.52

BMO International Value Fund Series D

1.55

2.52

BMO Global Infrastructure Fund Series D

1.80

2.63

BMO U.S. Equity Fund Series D

1.25

2.49

BMO Global Dividend Fund Series D

1.30

2.58

One comment on “BMO launches Series D mutual funds

  1. Regarding the new Series D Mutual Funds from BMO, what would be the advantage of investing in these vs the BMO ETF’s which generally have lower MER’s. I am already an BMO Investorline client.

    Reply

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