TORONTO, March 3, 2026 /CNW/ – BMO Investments Inc. (“BMOII”), the manager of the BMO Mutual Funds, today announced portfolio manager and sub-advisor changes for certain funds, changes to its product offerings and proposed fund mergers.
Portfolio Manager and Sub-Advisor Change
Effective at the close of business on or about March 5, 2026, BMO Asset Management Inc. (“BMOAM”) will replace Guardian Capital LP as the sole portfolio manager of BMO Concentrated Global Balanced Fund and as the portfolio manager of BMO Concentrated Global Equity Fund, and GuardCap Asset Management Limited will cease to act as sub-advisor of both funds.
BMOAM’s Global Equity Team will assume portfolio manager responsibilities of the global equity holdings of BMO Concentrated Global Equity Fund and BMO Concentrated Global Balanced Fund. The team will follow the same investment process used in the highly-rated BMO Global Equity Fund and BMO Global Income & Growth Fund, each rated 5-Stars by Morningstar. These award-winning BMO mandates were also recently recognized in the 2025 Fundata FundGrade A+® Awards.
Fundata reviewed performance data as of December 31, 2025 to determine the 2025 FundGrade A+® Awards winners.
Investment Strategies Changes
As a result of the portfolio manager and sub-advisor changes described above, the investment strategies of BMO Concentrated Global Balanced Fund and BMO Concentrated Global Equity Fund will change to reflect BMOAM’s approach as portfolio manager of these funds.
Qualification of Series F (Hedged) and Advisor Series (Hedged)
Series F (Hedged) and Advisor Series (Hedged) securities of each of BMO Global Equity Fund and BMO Global Income & Growth Fund are expected to be qualified for distribution, subject to receipt of securities regulatory approval.
Management Fee Changes
The following reductions in the management fees paid by BMO Concentrated Global Equity Fund will be effective at the close of business on or about March 5, 2026.
U.S. Dollar Purchase Option
Effective March 3, 2026, a U.S. Dollar Purchase Option for T6 Series for BMO Global Income & Growth Fund will be added.
Proposed Mergers
Each of the mergers will be implemented on a tax-deferred basis, effective after the close of business on or about May 15, 2026 (the “Merger Effective Date”). Each Terminating Fund will be wound up as soon as reasonably possible following its merger.
The independent review committee of the Terminating Funds and the Continuing Funds has reviewed the potential conflict of interest matters related to each of the proposed mergers and has approved these mergers after having determined that the proposed mergers, if implemented, would achieve a fair and reasonable result for each of these funds.
A written notice will be provided to investors of each Terminating Fund at least 60 days prior to the Merger Effective Date.
Purchases of, and switches into, securities of each Terminating Fund will be suspended at the close of business on the third business day prior to the Merger Effective Date, except for purchases made pursuant to pre-established continuous savings plans which will be suspended as of the close of business on the fifth business day immediately preceding the Merger Effective Date.
Securityholders of a Terminating Fund will have the right to redeem securities of, or make switches out of, the Terminating Fund up to the close of business on the business day immediately before the Merger Effective Date.
Following the mergers, all optional plans, including continuous savings plans and systematic withdrawal plans, which were established with respect to a Terminating Fund will be continued with respect to the corresponding Continuing Fund. Investors should contact their dealer or financial advisor regarding their optional plans.
There will be no change to these BMO Mutual Funds’ fundamental investment objectives or to their investment risk ratings as a result of the changes described above.
For more information about BMO Mutual Funds, please visit http://www.bmo.com/mutualfunds.
FundGrade Disclosure
Performance for BMO Global Equity Fund (Series F) for the period ended December 31, 2025 is as follows: 1 year, 16.74%; 3 years, 22.22%; 5 years, 15.33%; 10 years, 11.07%; since inception, 11.38% (2015-04-17).
Performance for BMO Global Income & Growth Fund (Series F) for the period ended December 31, 2025 is as follows: 1 year, 12.87%; 3 years, 14.63%; since inception, 15.04% (2022-11-03).
Morningstar Disclosure
This communication may contain links to other sites that BMO Global Asset Management (BMO GAM) does not own or operate. Any content from or links to a third-party website are not reviewed or endorsed by BMO GAM. Investors use any external websites or third-party content at their own risk. Accordingly, BMO GAM disclaims any responsibility for them.
Series F units are only available to investors who participate in eligible wrap programs or flat fee accounts with their registered dealers that have entered into a Series F Agreement with BMO Investments Inc.
This communication is for information purposes only. The information contained herein is not, and should not be construed as investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated, and professional advice should be obtained with respect to any circumstance.
BMO Mutual Funds are managed by BMO Investments Inc., which is an investment fund manager and a separate legal entity from Bank of Montreal.
BMO Global Asset Management is a brand name under which BMO Asset Management Inc. and BMO Investments Inc. operate.
“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.
About BMO Financial Group
SOURCE BMO Financial Group
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