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Mutual Funds

BMO Conservative ETF Portfolio - Series T6

Overview

Growth of $10,000e

Growth of $10,000 Chart

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Fund Details

Price (NAV) (2025-04-11)
$7.2993
Inception Date
Nov 4, 2013
Management Expense Ratio (MER)
1.67%
Distribution Frequency
Monthly
Category
Global Fixed Income Balanced
Risk Rating
Low to Medium
Portfolio Manager
Steven Shepherd, Sadiq S. Adatia

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Under the Hood

Annual Compound Returns (%)

as of Mar 31, 2025

Calendar Year Returns (%)

since Dec 31, 2015

Top Holdingsf

as of Mar 31, 2025

Portfolio Metrics

Portfolio Yielda
0.03%
Average Duration (Yrs)b
7.06

Standard Deviation**

as of Mar 31, 2025

Distributions

Distribution Date
Mar 27, 2025
Distribution Amount
$0.0381
Reinvestment Price
$7.5700
Distribution Frequency*
Monthly

Historical Distributions Table

Asset Allocation

Fixed Income58.8%Equity39.5%Cash0.4%

Geographic Allocation

Canada45.7%United States32.3%Japan2.8%United Kingdom2.4%Switzerland1.3%France1%Germany0.9%China0.8%India0.6%Netherlands0.6%

Industry Type Allocation

Financials8.7%Information Technology7.1%Industrials4.7%Health Care3.9%Consumer Discretionary3.5%Energy2.7%Consumer Staples2.4%Materials2.4%Communication Services2.3%Utilities1.1%

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Why Invest?

  • For investors looking for a conservative balanced portfolio solution
  • Diversified portfolio of ETFs combined in an easy to use, all-in-one solution
  • Professionally managed by BMO's Multi-Asset Solutions Team

PM Commentary

  • The Bank of Canada continued its easing cycle by delivering 50-basis-point cuts at its October and December meetings. The balance of risk shifted from inflationary pressure to the cooling economy and jobs market. Bond yields shifted up, and the government yield curve steepened. The Canadian bond market, as measured by the FTSE Canada Universe Bond Index, was down slightly over the fourth quarter of 2025 (“the quarter”).
  • While there were periods of volatility, the Canadian equity market reacted positively to the lower interest rate outlook. Global bullish sentiment, especially in the U.S., also gave Canadian equities a lift. The S&P/TSX Composite Index, a broad-based index of Canadian stocks, outperformed. Information Technology was the best-performing sector, while Communication Services was the worst-performing sector.
  • Despite interest rate cuts in the quarter, the main financing rate in Europe remained much higher than in the last decade. A softer economic outlook and political turmoil in France and Germany, the two biggest economies in the region, dragged down equity performance. The MSCI World Index was up over the quarter, buoyed primarily by the performance of U.S. equities.
  • The performance of the BMO ETF Portfolios was positive over the quarter for the four higher equity-weighted portfolios. The overweight equity versus fixed income portfolio positioning paid off.
  • Given a Republican trifecta and its focus on deregulation, tax cuts, and other pro-business policies, the portfolio manager dialed up the equity overweight with the majority in the U.S. They also believe the run-up in Canada’s 10-year yield after the U.S. election results is over-stretched given its weaker macroeconomic outlook vs. the U.S. and therefore increased fixed income duration.
  • The portfolio manager added a small U.S. dollar hedge, as they think the recent Canadian dollar weakness is overblown after Trump’s 25% tariff threat on Canadian exports. In their view it is unlikely to materialize.

** An annualized statistical measure of risk of a fund’s performance around its average. It is calculated based on a fund’s monthly returns over a specified time period. The greater the standard deviation, the greater the fund’s volatility.

a It is the most recent income received by the fund in the form of dividends, interest and other income annualized based on the payment frequency, divided by the current market value of the fund’s investments. It is gross of any fees or expenses of the fund.

b A measure of sensitivity of bond prices to changes in interest rates. Generally, the higher the duration the more volatile the bond’s price will be when interest rates change.

c Front End = Sales Charge.

d DSC closed to new purchase. As of November 2020, LL no longer available for sale.

e The graph illustrates the impact to an initial investment of $10,000 from the fund's inception date to the as of date indicated. It is not intended to reflect future returns on investments in the fund. The performance is net of fees and assumes the reinvestment of all distributions.

f The portfolio holdings are subject to change without notice and may only represent a small percentage of portfolio holdings. They are not recommendations to buy or sell any particular security.

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Distribution yields are calculated by using the most recent regular distribution, or expected distribution, (which may be based on income, dividends, return of capital, and option premiums, as applicable) and excluding additional year end distributions, and special reinvested distributions annualized for frequency, divided by current net asset value (NAV). Distributions are not guaranteed, may fluctuate and are subject to change and/or elimination. Distribution rates may change without notice (up or down) depending on market conditions and net asset value (NAV) fluctuations. The payment of distributions should not be confused with a BMO Mutual Fund’s performance, rate of return or yield. If distributions paid by a BMO Mutual Fund are greater than the performance of the investment fund, your original investment will shrink. Distributions paid as a result of capital gains realized by a BMO Mutual Fund, and income and dividends earned by a BMO Mutual Fund, are taxable in your hands in the year they are paid. Your adjusted cost base will be reduced by the amount of any returns of capital. If your adjusted cost base goes below zero, you will have to pay capital gains tax on the amount below zero.

Distributions, if any, for all series of securities of a BMO Mutual Fund (other than ETF Series) are automatically reinvested in additional securities of the same series of the applicable BMO Mutual Fund, unless the securityholder elects in writing that they prefer to receive cash distributions. For further information, see the distribution policy for the applicable BMO Mutual Fund in the simplified prospectus.

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