TORONTO, Jan. 24, 2020 /CNW/ - BMO Global Asset Management
had 24 exchange traded funds (ETFs) and mutual funds recognized for
their outstanding performance at the annual Fundata FundGrade
A+® Awards last night in Toronto. In
addition, a BMO Life Assurance Company guaranteed investment fund
(GIF) was also recognized.
The 2019 FundGrade A+® Awards celebrate funds
that displayed the best risk-adjusted returns and maintained an
excellent performance rating throughout a calendar year.
The following BMO ETFs and BMO Mutual Funds were awarded
Fundata's FundGrade A+® rating:
- BMO Mid-Term US IG Corporate Bond Index ETF (ZIC)
- BMO MSCI All Country World High Quality Index ETF (ZGQ)
- BMO MSCI Europe High Quality Hedged to CAD Index ETF (ZEQ)
- BMO MSCI USA High Quality
Index ETF (ZUQ)
- BMO Real Return Bond Index ETF (ZRR)
- BMO Short Corporate Bond Index ETF (ZCS)
- BMO Aggregate Bond Index ETF (ZAG)
- BMO Floating Rate High Yield ETF (ZFH)
- BMO Global Infrastructure Index ETF (ZGI)
- BMO Long Corporate Bond Index ETF (ZLC)
- BMO Low Volatility Canadian Equity ETF (ZLB)
- BMO Low Volatility International Equity Hedged to CAD ETF
(ZLD)
- BMO Dividend Class
- BMO Growth Opportunities Fund
- BMO Tactical Global Growth ETF Fund
- BMO U.S. Dollar Monthly Income Fund
- BMO Canadian Stock Selection Fund
- BMO Conservative ETF Portfolio
- BMO Enterprise Fund
- BMO Global Energy Class
- BMO Greater China Class
- BMO Monthly Income Fund
- BMO Tactical Global Asset Allocation ETF Fund
- BMO Target Education 2025 Portfolio
The BMO Low Volatility Canadian Equity ETF GIF(1)
offered by BMO Life Assurance Company was also awarded Fundata's
FundGrade A+® Rating.
"We are honoured that Fundata chose to recognize so many BMO
products for the third year in a row," said Steve Ilott, BMO Global Asset Management, Chief
Investment Officer, North America.
"These awards are a great source of pride for us and are a
testament to our commitment to providing investors with the
strongest possible investment options. We will continue to strive
for excellence and look forward to leading the industry for another
year."
(1) Any amount that is allocated to a
segregated fund is invested at the risk of the policy owner and may
increase or decrease in value. BMO Life Assurance Company is the
sole issuer and guarantor of the BMO GIF individual variable
insurance contract.
For more information please visit: www.bmo.com/gam/ca
or https://www.bmo.com/insurance/advisor/products/.
About BMO Financial Group
Serving customers for 200
years and counting, BMO is a highly diversified financial services
provider - the 8th largest bank, by assets, in North America.
With total assets of $852 billion as of October 31,
2019, and a team of diverse and highly engaged employees, BMO
provides a broad range of personal and commercial banking, wealth
management and investment banking products and services to more
than 12 million customers and conducts business through three
operating groups: Personal and Commercial Banking, BMO Wealth
Management and BMO Capital Markets.
About the Fundata FundGrade A+ Rating
FundGrade
A+® is used with permission from Fundata Canada Inc.,
all rights reserved. The annual FundGrade A+® Awards are
presented by Fundata Canada Inc. to recognize the "best of the
best" among Canadian investment funds. The FundGrade A+®
calculation is supplemental to the monthly FundGrade ratings and is
calculated at the end of each calendar year. The FundGrade rating
system evaluates funds based on their risk-adjusted performance,
measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The
score for each ratio is calculated individually, covering all time
periods from 2 to 10 years. The scores are then weighted equally in
calculating a monthly FundGrade. The top 10% of funds earn an A
Grade; the next 20% of funds earn a B Grade; the next 40% of funds
earn a C Grade; the next 20% of funds receive a D Grade; and the
lowest 10% of funds receive an E Grade. To be eligible, a fund must
have received a FundGrade rating every month in the previous year.
The FundGrade A+® uses a GPA-style calculation, where
each monthly FundGrade from "A" to "E" receives a score from 4 to
0, respectively. A fund's average score for the year determines its
GPA. Any fund with a GPA of 3.5 or greater is awarded a FundGrade
A+® Award. For more information, see
www.FundGradeAwards.com. Although Fundata makes every effort to
ensure the accuracy and reliability of the data contained herein,
the accuracy is not guaranteed by Fundata.
Fund
Name
|
CIFSC
Category
|
Fund
Count
|
FundGrade
Start Date
|
BMO Mid-Term US IG
Corporate Bond Index ETF (ZIC)
|
Global Corporate
Fixed Income
|
49
|
1/31/2014
|
BMO MSCI All Country
World High Quality Index ETF (ZGQ)
|
Global
Equity
|
1100
|
1/31/2015
|
BMO MSCI Europe High
Quality Hedged to CAD Index ETF (ZEQ)
|
European
Equity
|
136
|
1/31/2015
|
BMO MSCI USA High
Quality Index ETF (ZUQ)
|
U.S.
Equity
|
883
|
1/31/2015
|
BMO Real Return Bond
Index ETF (ZRR)
|
Canadian Inflation
Protected Fixed Income
|
15
|
1/31/2011
|
BMO Short Corporate
Bond Index ETF (ZCS)
|
Canadian Short Term
Fixed Income
|
159
|
1/31/2010
|
BMO Aggregate Bond
Index ETF (ZAG)
|
Canadian Fixed
Income
|
310
|
1/31/2011
|
BMO Floating Rate
High Yield ETF (ZFH)
|
Floating Rate
Loan
|
62
|
1/31/2015
|
BMO Global
Infrastructure Index ETF (ZGI)
|
Global Infrastructure
Equity
|
53
|
1/31/2011
|
BMO Long Corporate
Bond Index ETF (ZLC)
|
Canadian Long Term
Fixed Income
|
13
|
1/31/2011
|
BMO Low Volatility
Canadian Equity ETF (ZLB)
|
Canadian
Equity
|
429
|
1/31/2012
|
BMO Low Volatility
International Equity Hedged to CAD ETF (ZLD)
|
International
Equity
|
382
|
1/31/2017
|
BMO Dividend
Class
|
Canadian Dividend
& Income Equity
|
356
|
1/31/2010
|
BMO Growth
Opportunities Fund
|
Canadian Focused
Equity
|
431
|
1/31/2016
|
BMO Tactical Global
Growth ETF Fund
|
Tactical
Balanced
|
211
|
1/31/2017
|
BMO U.S. Dollar
Monthly Income Fund
|
Global Neutral
Balanced
|
899
|
1/31/2014
|
BMO Canadian Stock
Selection Fund
|
Canadian
Equity
|
429
|
1/31/2010
|
BMO Conservative ETF
Portfolio
|
Global Fixed Income
Balanced
|
389
|
1/31/2014
|
BMO Enterprise
Fund
|
Canadian Small/Mid
Cap Equity
|
125
|
1/31/2010
|
BMO Global Energy
Class
|
Energy
Equity
|
39
|
1/31/2010
|
BMO Greater China
Class
|
Greater China
Equity
|
37
|
1/31/2010
|
BMO Monthly Income
Fund
|
Canadian Neutral
Balanced
|
400
|
1/31/2010
|
BMO Tactical Global
Asset Allocation ETF Fund
|
Tactical
Balanced
|
211
|
1/31/2017
|
BMO Target Education
2025 Portfolio
|
2025 Target Date
Portfolio
|
25
|
1/31/2015
|
BMO Low Volatility
Canadian Equity ETF GIF
|
Canadian
Equity
|
275
|
1/31/2017
|
Performance for the investment funds for the period ending
December 31, 2019 is as follows: BMO
Mid-Term US IG Corporate Bond Index ETF (ZIC), 8.65% (1 year),
4.39% (3 years), 6.79% (5 years), 7.52% since inception
(March 19, 2013); BMO MSCI All
Country World High Quality Index ETF (ZGQ), 28.2% (1 year), 15.65%
(3 year), 14.02% (5 year), 14.14% since inception
(November 05, 2014); BMO MSCI Europe
High Quality Hedged to CAD Index ETF (ZEQ), 32.88% (1 year), 12.60%
(3 years), 10.62% (5 years), 10.73% since inception (February 10, 2014); BMO MSCI USA High Quality Index ETF (ZUQ), 31.53% (1
year), 17.46% (3 years), 16.40% (5 years), 16.79% since inception
(November 5, 2014); BMO Real
Return Bond Index ETF (ZRR), 7.89% (1 year), 2.51% (3 years), 2.49%
(5 years), 3.91% since inception (May 19,
2010); BMO Short Corporate Bond Index ETF (ZCS), 4.55% (1
year), 2.34% (3 years), 2.35% (5 years), 2.91% (10 years)(Inception
date October 26, 2009); BMO Aggregate
Bond Index ETF (ZAG), 6.78% (1 year), 3.41% (3 years), 3.00% (5
years), 3.92% since inception (January 20,
2010); BMO Floating Rate High Yield ETF (ZFH), 11.12% (1
year), 5.76% (3 years), 5.92% (5 years), 5.57% since inception
(February 10, 2014); BMO Global
Infrastructure Index ETF (ZGI), 25.41% (1 year), 8.64% (3 years),
7.61% (5 years), 13.61% since inception (January 20, 2010); BMO Long Corporate Bond Index
ETF (ZLC), 14.19% (1 year), 6.84% (3 years), 5.46% (5 years), 7.31%
since inception (January 20, 2010);
BMO Low Volatility Canadian Equity ETF (ZLB), 21.83% (1 year),
9.58% (3 years), 8.84% (5 years), 13.41% since inception
(October 20, 2011); BMO Low
Volatility International Equity Hedged to CAD ETF (ZLD), 16.88% (1
year), 9.98% (3 years), 10.15% since inception (October 2, 2016); BMO Dividend Class, 23.52% (1
year), 8.67% (3 years), 7.48% (5 years), 8.04% (10 years),
(Inception date October 12, 2004);
BMO Growth Opportunities Fund, 28.87% (1 year), 9.78% (3 years),
8.26% since inception (April 17,
2015); BMO Tactical Global Growth ETF Fund, 11.97% (1 year),
5.93% (3 years), 7.81% since inception (April 28, 2016); BMO U.S. Dollar Monthly Income
Fund, 15.52% (1 year), 6.55% (3 years), 4.97% (5 years), 6.26% (10
years),(Inception date October 12,
2004); BMO Canadian Stock Selection Fund, 24.02% (1 year),
7.07% (3 years), 6.78% (5 years), 6.44% since inception
(April 8, 2014); BMO Conservative ETF
Portfolio, 10.6% (1 year), 3.96% (3 years), 4.24% (5 years), 5.13%
since inception (August 12, 2013);
BMO Enterprise Fund, 27.48% (1 year), 5.17% (3 years), 6.82% (5
years), 12.5% (10 years), (Inception date January 1, 1996); BMO Global Energy Class, -2.96%
(1 year), -4.31% (3 years), -1.40% (5 years), 3.57% (10
years),(Inception date November 17,
2008); BMO Greater China Class, 16.42% (1 year), 15.62% (3
years), 11.11% (5 years), 7.61% (10 years), (Inception date
October 12, 2004); BMO Monthly Income
Fund, 14.17% (1 year), 5.81% (3 years), 5.25% (5 years), 6.23% (10
years), 5.84% since inception (March 22,
1999); BMO Tactical Global Asset Allocation ETF Fund, 7.89%
(1 year), 6.81% (3 years), 6.68% since inception (April 28, 2016); BMO Target Education 2025
Portfolio, 9.44% (1 year), 4.76% (3 years), 5.06% (5 years), 5.00%
since inception (November 13, 2014);
BMO Low Volatility Canadian Equity ETF GIF, 19.09% (1 year), 7.14%
(3 years), 7.06% since inception (June 21,
2016).
The BMO ETFs or securities referred to herein are not sponsored,
endorsed or promoted by MSCI Inc. ("MSCI"), and MSCI bears no
liability with respect to any such BMO ETFs or securities or any
index on which such BMO ETFs or securities are based. The
prospectus of the BMO ETFs contains a more detailed description of
the limited relationship MSCI has with BMO Asset Management Inc.
and any related BMO ETFs.
Commissions, management fees and expenses (if applicable) all
may be associated with investments in mutual funds and ETFs.
Trailing commissions may be associated with investments in certain
series of securities of mutual funds. Please read the ETF facts,
fund facts or prospectus of the relevant mutual fund or ETF before
investing. The indicated rates of return are the historical annual
compounded total returns including changes in share or unit value
and reinvestment of all dividends or distributions and do not take
into account sales, redemption, distribution or optional charges or
income taxes payable by any securityholder that would have reduced
returns. Mutual funds and ETFs are not guaranteed, their values
change frequently and past performance may not be repeated.
For a summary of the risks of an investment in the BMO ETFs,
please see the specific risks set out in the prospectus. BMO
ETFs trade like stocks, fluctuate in market value and may trade at
a discount to their net asset value, which may increase the risk of
loss. Distributions are not guaranteed and are subject to change
and/or elimination.
BMO Mutual Funds are offered by BMO Investments Inc., a
financial services firm and separate entity from Bank of
Montreal. BMO ETFs are managed and
administered by BMO Asset Management Inc., an investment fund
manager and portfolio manager and separate legal entity from Bank
of Montreal.
SOURCE BMO Financial Group