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Fund overview information

Fund overview information

Objective

To provide current income exempt from federal income tax consistent with preservation of capital.


Benchmarks


Net fund assets


An income-driven approach

An income-driven approach

We believe outperformance will come from a combination of income, capitalizing on market inefficiencies and consistency.






Management team

Management team



Featured chart

The BMO Intermediate Tax-Free Fund has consistently outperformed the Morningstar Muni National Intermediate Bond category on a monthly five-year rolling basis over the past five years.

Source: Morningstar. Performance data quoted represent past performance, which is no guarantee of future results. This chart is not indicative of the Fund's performance during all periods—for this information, please see standard performance below.

Muni national intermediate portfolios invest in bonds issued by various state and local governments to fund public projects. The income from these bonds is generally free from federal taxes.



Fund performance



Municipal fixed income insights

Municipal fixed income insights


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.

Performance data quoted prior to the inception of the Class I Shares is the performance of the Fund's Investor (Class Y) Shares, not adjusted for any differences in the expenses of the classes.

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.

The Bloomberg Barclays 1-15 Yr Blend Muni Bond Index is the 1-15 year Blend component of the Barclays Municipal Bond Index, which is an unmanaged index composed of long-term tax-exempt bonds with a minimum credit rating of Baa and a range of maturities between 1 and 17 years. Investments cannot be made in an index.

Interest income from the Fund's investments may be subject to the federal alternative minimum tax (AMT) for individuals and corporations, and state and local taxes.

Lipper Intermediate Municipal Debt Index is comprised of funds that invest in municipal debt issues with dollar-weighted average maturities of five to ten years.

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.