Performance data quoted prior to the inception of the Class A Shares is the performance of the Fund's Investor (Class Y) Shares, not adjusted for any differences in the expenses of the classes.
The maximum sales charge (load) imposed on purchases (as a percentage of offering price) is 3.50% for Class A shares. The Class NAV performance does not reflect the deduction of the sales load or fee, and if reflected, the load or fee would reduce the performance quoted.
Performance data quoted represents past performance and past performance is not a guarantee of future results. Investment returns and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Mutual fund performance changes over time and current performance may be lower or higher than what is stated. To receive the most recent month-end performance, call 1-800-236-3863.
Returns are pre-tax. An investor should consider his or her current and anticipated investment horizon and income tax bracket when making an investment decision as the illustration above does not reflect these factors. For more information about performance, please contact your investment professional. For more information about performance, please contact your investment professional. Total returns for periods of one year or less are cumulative.
Net Expense Ratios reflect contractual fee waivers and/or expense reimbursements made by BMO Asset Management Corp., the investment adviser (Adviser). The Adviser may not terminate these fee waivers and/or expense reimbursements prior to December 31, 2018 without the consent of the Board of Directors, unless the investment advisory agreement is terminated. Without these contractual waivers, the Funds' returns would have been lower. Please see the prospectus for more information.
Institutional shares received a 4-star rating for overall performance, 5 stars for 3-year performance among 851 Intermediate-Term Funds, 3 stars for 5-year performance among 750 funds, and 3 stars for 10-year performance among 538 funds.
For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and is rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar Rating™ metrics. Morningstar Rating™ is for the I share class only; other classes may have different performance characteristics.
Keep in mind that as interest rates rise, prices for bonds with fixed interest rates may fall. This may have an adverse effect on a Fund's portfolio.
The Bloomberg Barclays U.S. Aggregate Bond Index (BBUABI) tracks the performance of U.S. investment-grade bonds in government, asset-backed, and corporate debt markets. The Fund's benchmark index was changed to the BBUABI as it was determined to provide a more useful comparison based on the Fund's investment strategy.
The Barclays U.S. MBS Index (BMI) tracks agency mortgage-backed pass-through securities guaranteed by Ginnie Mae, Freddie Mac, and Fannie Mae.
Effective May 8, 2017, the BMO Mortgage Income Fund changed its name to the BMO Strategic Income Fund.
Effective June 29, 2017, the BMO TCH Intermediate Income Fund merged with the BMO Strategic Income Fund.