BMO Investments Inc. Thursday evening announced several changes to its BMO Mutual Funds lineup.
Effective January 2014, Series F and Advisor Series of BMO Global Diversified Fund and Series A, Series F, Series I and Advisor Series of BMO Global Dividend Fund will distribute any net income and/or return of capital on a fixed monthly basis, rather than on a quarterly and annual basis, respectively
Effective immediately, several SelectTrust and Select Class Series will be capped and will no longer be offered for sale to new or existing investors. These funds include:
> BMO SelectTrust Security Portfolio Series T5
> BMO SelectClass Security Portfolio Series T5
> BMO SelectTrust Security Portfolio Series T8
> BMO SelectClass Security Portfolio Series T8
> BMO SelectTrust Security Portfolio Series F
> BMO SelectClass Balanced Portfolio Series T5
> BMO SelectTrust Balanced Portfolio Series T5
> BMO SelectClass Balanced Portfolio Series T8
> BMO SelectTrust Balanced Portfolio Series T8
> BMO SelectClass Growth Portfolio Series T5
> BMO SelectTrust Equity Growth Portfolio Series T8
> BMO SelectClass Growth Portfolio Series T8
Effective December 13, each of the following funds will offer Series NBA and Series NBF securities: BMO Bond Fund, BMO Asset Allocation Fund, BMO U.S. Equity Fund, BMO FundSelect Balanced Portfolio, BMO FundSelect Growth Portfolio and BMO FundSelect Equity Growth Portfolio.
Series NBA securities and Series NBF securities of the funds may be purchased through sales representatives of BMO Nesbitt Burns Inc.