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BMO Target Education Income Portfolio Series A

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Cdn Short Term Fixed Inc

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-14-2024) 		$9.29
Change
$0.00 (0.03%)

As at May 31, 2024

As at March 31, 2024

Period
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Legend

BMO Target Education Income Portfolio Series A

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Fund Returns

Inception Return (November 13, 2014): 1.42%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 0.49% 1.04% 2.21% 1.58% 4.36% 3.37% 1.65% 1.27% 1.44% 1.51% 1.19% 1.33% 1.34% -
Benchmark 0.86% 1.00% 2.40% 0.91% 4.58% 2.58% 0.36% 0.62% 1.27% 1.72% 1.37% 1.41% 1.39% 1.57%
Category Average 0.77% 2.58% 2.58% 0.94% 4.50% 2.46% 0.17% 0.73% 1.05% 1.35% 1.06% 1.08% 0.98% 1.03%
Category Rank 271 / 318 138 / 315 226 / 282 82 / 282 187 / 272 91 / 260 43 / 244 87 / 229 100 / 221 122 / 207 112 / 195 91 / 180 79 / 166 -
Quartile Ranking 4 2 4 2 3 2 1 2 2 3 3 3 2 -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.10% 0.24% 0.38% 0.21% 0.28% 0.88% 0.62% 0.24% 0.30% 0.37% 0.18% 0.49%
Benchmark -0.32% -0.08% 0.39% -0.32% 0.78% 1.67% 1.48% -0.13% 0.05% 0.53% -0.40% 0.86%

Best Monthly Return Since Inception

1.66% (January 2015)

Worst Monthly Return Since Inception

-1.16% (November 2016)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - 0.95% 1.56% 1.47% 0.79% 1.56% 2.04% -0.84% -0.41% 4.37%
Benchmark 3.01% 2.56% 0.90% 0.27% 1.89% 2.98% 5.17% -0.92% -3.98% 4.92%
Category Average 1.73% 0.55% 0.85% 0.42% 0.53% 2.93% 4.36% -0.83% -4.45% 4.84%
Quartile Ranking - 3 2 1 3 4 4 2 1 4
Category Rank - 105/ 161 67/ 174 35/ 182 130/ 202 207/ 218 212/ 228 110/ 234 24/ 248 205/ 262

Best Calendar Return (Last 10 years)

4.37% (2023)

Worst Calendar Return (Last 10 years)

-0.84% (2021)

Asset Allocation

Asset Allocation
Name Percent
Cash and Equivalents 74.30
Canadian Government Bonds 10.26
Canadian Corporate Bonds 7.65
Mortgages 5.07
Canadian Bonds - Other 2.66
Other 0.06

Sector Allocation

Sector Allocation
Name Percent
Cash and Cash Equivalent 74.31
Fixed Income 25.55
Financial Services 0.11
Other 0.03

Geographic Allocation

Geographic Allocation
Name Percent
North America 100.00

Top Holdings

Top Holdings
Name Percent
BMO Money Market Fund Series I 38.47
BMO Ultra Short-Term Bond ETF (ZST) 36.29
BMO Canadian MBS Index ETF (ZMBS) 5.56
BMO Short Federal Bond Index ETF (ZFS) 5.25
BMO Short Corporate Bond Index ETF (ZCS) 5.19
BMO Short Provincial Bond Index ETF (ZPS) 4.33
BMO Mortgage and Short-Term Income Fund Series I 2.71
CAD Currency 2.20

Equity Style

Equity style data not available

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

BMO Target Education Income Portfolio Series A

Median

Other - Cdn Short Term Fixed Inc

3 Yr Annualized

Standard Deviation 1.02% 0.87% -
Beta 0.32% 0.31% -
Alpha 0.02% 0.01% -
Rsquared 0.73% 0.69% -
Sharpe -1.21% -0.70% -
Sortino -1.43% -1.79% -
Treynor -0.04% -0.02% -
Tax Efficiency 43.14% 46.45% -
Volatility Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 -

Risk Rating

Rating 1 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 0.75% 1.02% 0.87% -
Beta 0.28% 0.32% 0.31% -
Alpha 0.03% 0.02% 0.01% -
Rsquared 0.85% 0.73% 0.69% -
Sharpe -0.75% -1.21% -0.70% -
Sortino 7.35% -1.43% -1.79% -
Treynor -0.02% -0.04% -0.02% -
Tax Efficiency 66.45% 43.14% 46.45% -

Fund Details

Start Date November 13, 2014
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $19

Fund Codes

FundServ Code Load Code Sales Status
BMO167
BMO70167

Investment Objectives

This fund’s objective is to provide securityholders with a relatively stable level of income while preserving capital and maintaining liquidity. The fund will invest primarily, directly or indirectly through investing in a diversified mix of mutual funds and/or exchange traded funds, in fixed income securities and cash equivalents.

Investment Strategy

The fund is designed to meet the needs of investors who are seeking to fund post-secondary education that is about to commence or is currently in progress.

Portfolio Manager(s)

Name Start Date
Robert Armstrong 04-23-2024
Steven Shepherd 04-23-2024

Management and Organization

Fund Manager BMO Investments Inc.
Advisor BMO Asset Management Inc.
Custodian State Street Trust Company Canada
Registrar BMO Investments Inc.
Distributor BMO Investments Inc.
Auditor PricewaterhouseCoopers LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 50
PAC Subsequent 50
SWP Allowed Yes
SWP Min Balance 500
SWP Min Withdrawal 50

Fees

MER 0.84%
Management Fee 0.60%
Load No Load
FE Max -
DSC Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) 0.20%
Trailer Fee Max (LL) -

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