BMO Global Asset Management Converts Target Date Collective Funds to Mutual Funds

BMO Global Asset Management Converts Target Date Collective Funds to Mutual 
CHICAGO, IL -- (Marketwired) -- 09/03/13 --  BMO Global Asset
Management is pleased to announce five new open end mutual funds: BMO
Target Retirement 2010 Fund, BMO Target Retirement 2020 Fund, BMO
Target Retirement 2030 Fund, BMO Target Retirement 2040 Fund and the
BMO Target Retirement 2050 Fund. Each fund is available in multiple
share classes. The funds are the result of the conversion of the BMO
Managed Asset Allocation Program (MAAP) target date collective funds
into traditional mutual funds, effective August 30, 2013.  
Target date mutual funds may be appropriate for investors planning
for retirement who are looking for a simple approach to investing.
The management team actively shifts the asset allocation mix of
stocks and bonds over time, typically becoming increasingly
conservative as the target date, or retirement date, approaches.
Defined contribution plan sponsors often include target date funds in
their investment line-up, and some have made target date mutual funds
their default investment for their plan. 
"This transition makes our existing retirement investment solutions
more attractive and user-friendly for our plan sponsor clients," said
Matt Smith, Managing Director of BMO Retirement Services, a part of
BMO Global Asset Management. "We listened to them and restructured
our MAAPs into target date mutual funds to accommodate their
"Also, this change makes the funds more easily understood by
investors. As mutual funds, daily information about the funds'
objectives, performance and holdings is readily available through
broadly recognized reporting websites like Morningstar," Smith added.
Previously, this information was only available directly from BMO
Global Asset Management.  
The same portfolio management team at BMO that has been managing the
collective funds will remain at the helm. Additionally, the new
target date mutual funds are expected to follow the same investment
policies and management practices. 
Investors who select to invest in the new target date funds by
transferring their assets from the closing collective funds should
expect no impact to their overall costs. "This will be an easy
transition for our current shareholders as o
nly the format of the
funds is changing, not the strategy behind them. Retirement plan
participants won't be burdened with learning about an entirely new
product as we are only changing the type of fund to make it easier
for our clients to navigate their plans and monitor performance,"
Smith added.  
These new funds expand BMO's lineup of mutual funds, since previously
the collective funds were only available through plan sponsors. In
addition to being more accessible to investors, these funds offer the
added convenience of portability, allowing investors to roll them
over should they convert to traditional or Roth IRAs or switch
The new open end target date mutual funds are available in multiple
share classes: 

Fund                                Class Y   Class I  Class R-3  Class R-6 
BMO Target Retirement 2010 Fund      BTRYX     BTRIX     BTRRX      BTRTX   
BMO Target Retirement 2020 Fund      BTRDX     BTREX     BTRFX      BTRGX   
BMO Target Retirement 2030 Fund      BTRHX     BTRJX     BTRKX      BTRLX   
BMO Target Retirement 2040 Fund      BTRMX     BTRNX     BTRPX      BTRQX   
BMO Target Retirement 2050 Fund      BTRUX     BTRVX     BTRWX      BTRZX   

For more information about BMO Global Asset Management, visit
 For more information about BMO Funds, visit 
About the BMO Family of Funds
 The BMO Funds are a global family of
actively managed mutual funds. The firm's 29 funds span the
risk/reward spectrum and include: domestic and international equity
funds, taxable and tax-free fixed income funds, emerging market
equity and money market funds. 
The family of funds is managed by a multi-disciplined team based in
Chicago and Milwaukee, and by a network of world-class boutique
managers, which are strategically located across the globe. This
network includes Monegy, Inc., Pyrford International Ltd., Lloyd
George Management and Taplin, Canida & Habacht, LLC.  
Established in 1992, BMO Funds are advised by BMO Asset Management
U.S. and offers Institutional and Investor class shares. Along with
its subsidiary boutiques and affiliates, the advisor oversees more
than $50 billion in assets under management. BMO Funds is a part of
BMO Financial Group, a fully diversified financial services
organization with $555 billion total assets and more than 46,000
employees as of April 30, 2013. 
 BMO Retirement Services
is a part of BMO Global Asset Management and a division of the BMO
Harris Bank N.A., offering products and services through various
affiliates of BMO Financial Group. 
BMO Global Asset Management is the brand name for various affiliated
entities of BMO Financial Group that provide trust, custody,
securities lending, investment management, and retirement plan
services. Certain of the products and services offered under the
brand name BMO Global Asset Management are designed specifically for
various categories of investors in a number of different countries
and regions. Products and services are only offered to such investors
in those countries and regions in accordance with applicable laws and
regulations. BMO Financial Group (NYSE: BMO), is a service mark of
Bank of Montreal (BMO). 
BMO Asset Management U.S. consists of BMO Asset Management Corp. 
BMO Asset Management Corp. is the investment adviser to the BMO
Funds. M&I Distributors LLC is the distributor. BMO Funds are not
marketed or sold outside the United States. 
Investors should carefully consider the investment objectives, risks,
charges and expenses of the BMO Funds. This and other important
information is contained in the prospectuses and/or summary
prospectuses, which can be obtained by calling 1-800-580-3863. Please
read carefully before investing. 
The investment risks of each Target Date Fund changes over time as
its asset allocation changes. They are subject to the volatility of
the financial markets, including equity and fixed income investments
in the U.S. and abroad and may be subject to risks associated with
investing in high yield, small cap, commodity-linked, and foreign
The target date refers to the approximate year when an investor in
the Fund would start withdrawing from the investment, which is
assumed age 65. The principal value of the Funds is not guaranteed at
any time, including at or after the target date. 
All investments involve risk, including the possible loss of
Investment products are: Not FDIC Insured | No Bank Guarantee | May
Lose Value 
Copyright2013 BMO Financial Corp. 
Media contacts: 
Anna Seifert 
Seuk Kim 
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