BMO Ultra Short Tax-Free Fund

Scorecard
2 / 5 Stars
Lipper
2 2 5 5 1
Zacks Investment Research
3 (Hold)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C+ (Hold)

U.S. News evaluated 48 Muni National Short Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 0.57 percent over the past year, and 1.12 percent over the past three years.

Trailing Returns Updated 02.28.2014
Year to date 0.3%
1 Year 0.6%
3 Years (Annualized) 1.1%
5 Years (Annualized) N/A
10 Years (Annualized) N/A

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Summary

The investment seeks to provide current income exempt from federal income tax consistent with preservation of capital. Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax (including the federal alternative minimum tax (AMT)). It normally maintains an average dollar-weighted effective maturity of one year or less. The fund invests primarily in municipal securities within the investment grade category (i.e., rated BBB or Baa, or higher, or unrated and considered by the Adviser to be comparable in quality) at the time of purchase.

Fees

Fees are Above Average compared to funds in the same category.
BMO Ultra Short Tax-Free Fund has an expense ratio of 0.55 percent.

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Risk

Risk is Low compared to funds in the same category according to Morningstar.

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