bmo guaranteed investment funds · 2020. 12. 29. · bmo gif administrative and services office...

Fund Facts | MAY 2021

BMO Guaranteed Investment Funds

Fund Facts

TABLE OF CONTENTS

FUND FACTS

INTRODUCTION .................................................................. 1

FEES AND CHARGES ........................................................... 2

BMO MONEY MARKET GIF ................................................. 4

BMO CANADIAN BALANCED GROWTH GIF ........................ 6

BMO CANADIAN INCOME STRATEGY GIF ........................... 8

BMO U.S. BALANCED GROWTH GIF ................................. 10

BMO NORTH AMERICAN INCOME STRATEGY GIF ............. 12

BMO FIXED INCOME ETF PORTFOLIO GIF .......................... 14

BMO INCOME ETF PORTFOLIO GIF .................................... 16

BMO CONSERVATIVE ETF PORTFOLIO GIF ......................... 18

BMO BALANCED ETF PORTFOLIO GIF ................................ 20

BMO GROWTH ETF PORTFOLIO GIF .................................. 22

BMO EQUITY GROWTH ETF PORTFOLIO GIF ...................... 24

BMO LOW VOLATILITY CANADIAN EQUITY ETF GIF .......... 26

BMO LOW VOLATILITY U.S. EQUITY ETF GIF ...................... 28

BMO MONTHLY INCOME GIF ............................................ 30

BMO ASSET ALLOCATION GIF ........................................... 32

BMO DIVIDEND GIF ........................................................... 34

BMO MONTHLY HIGH INCOME II GIF ................................ 36

BMO TACTICAL BALANCED GIF ........................................ 38

BMO GLOBAL BALANCED GIF ........................................... 40

BMO LOW VOLATILITY INTERNATIONAL EQUITY ETF GIF ... 42

BMO CONCENTRATED GLOBAL BALANCED GIF ................ 44

BMO CONCENTRATED GLOBAL EQUITY GIF ..................... 46

BMO BALANCED ESG ETF GIF ........................................... 48

BMO SUSTAINABLE OPPORTUNITIES GLOBAL EQUITY GIF . 50

Fund Facts

BMO GUARANTEED INVESTMENT FUNDS

This section of the Information Folder contains individual Fund Facts for each segregated fund available through your BMO Guaranteed Investments Funds contract. You can choose to invest in one or more of these funds.

The individual Fund Facts give you an idea of what each segregated fund invests in, how it has performed and what fees or charges may apply.

The description of each segregated fund in the individual Fund Facts is not complete without the following description of “What if I change my mind” and “For more information”.

WHAT IF I CHANGE MY MIND?

• You can change your mind about purchase of your contract and about subsequent transactions you make under the contract within two business days of the date you receive confirmation of the purchase or of the transaction. You are deemed to have received the confirmation five days after it is mailed to you.

• You have to tell your insurer in writing, by email, fax or letter, that you want to cancel.

• The amount returned will be the lesser of the amount you invested or the value of the fund if it has gone down. The amount returned only applies to the specific transaction and will include a refund of any sales charges or other fees you paid.

FOR MORE INFORMATION

The Fund Facts may not contain all the information you need. Please read the contract and the Information Folder or you may contact us at:

BMO Insurance BMO GIF Administrative and Services Office 250 Yonge Street, 7th floor Toronto, ON M5B 2M8

Telephone: 1-855-639-3867 Fax: 1-855-747-5613

Email: [email protected]

1

mailto:[email protected]

BMO Life Assurance Company

FUND FACTS – BMO® Guaranteed Investment Funds

All information as at December 31, 2020 (unless otherwise noted)

2 FEES AND CHARGES

FEES AND CHARGES

GIF 75/75 Series

Fund

Management Fee* “Insurance Fee & Insurance Fee Limit**

(noted in brackets)”Class A Prestige Class F

Money Market 1.00% N/A 0.50% 0.00%

Fixed Income ETF Portfolio 1.30% 1.21% 0.30% 0.24% (0.74%)

Income ETF Portfolio 1.40% 1.26% 0.40% 0.32% (0.82%)

Conservative ETF Portfolio 1.40% 1.26% 0.40% 0.37% (0.87%)

Balanced ETF Portfolio 1.45% 1.27% 0.45% 0.37% (0.87%)

Growth ETF Portfolio 1.45% 1.27% 0.45% 0.45% (0.95%)

Equity Growth ETF Porfolio 1.50% 1.32% 0.50% 0.45% (0.95%)

Low Volatility Canadian Equity ETF 1.55% 1.37% 0.55% 0.48% (0.98%)

Low Volatility U.S. Equity ETF 1.50% 1.32% 0.50% 0.53% (1.03%)

Monthly Income 1.60% 1.46% 0.60% 0.45% (0.95%)

Asset Allocation 1.60% 1.46% 0.60% 0.45% (0.95%)

Dividend 1.60% 1.42% 0.60% 0.58% (1.08%)

Monthly High Income II 1.65% 1.47% 0.65% 0.58% (1.08%)

Tactical Balanced 1.60% 1.46% 0.60% 0.45% (0.95%)

Global Balanced 1.65% 1.47% 0.65% 0.45% (0.95%)

Low Volatility International Equity ETF 1.60% 1.42% 0.60% 0.54% (1.04%)

Concentrated Global Balanced 1.65% 1.47% 0.65% 0.43% (0.93%)

Concentrated Global Equity 1.75% 1.57% 0.75% 0.67% (1.17%)

Balanced ESG ETF 1.40% 1.22% 0.40% 0.40% (0.90%)

Sustainable Opportunities Global Equity 1.75% 1.57% 0.75% 0.65% (1.15%)

* Management fee includes the management fee charged by the Underlying Fund(s) but excludes applicable taxes.** Insurance fee excludes applicable taxes.

GIF 75/100 Series

Fund

Management Fee* Insurance Fee & Insurance Fee Limit**

(noted in brackets)Class A Prestige Class F

Money Market† 1.00% N/A 0.50% 0.00%

Fixed Income ETF Portfolio† 1.30% 1.16% 0.30% 0.37% (0.87%)

Income ETF Portfolio† 1.40% 1.22% 0.40% 0.50% (1.00%)

Conservative ETF Portfolio† 1.40% 1.22% 0.40% 0.55% (1.05%)

Balanced ETF Portfolio† 1.45% 1.22% 0.45% 0.63% (1.13%)

Growth ETF Portfolio 1.45% 1.18% 0.45% 0.76% (1.26%)

Equity Growth ETF Porfolio 1.50% 1.23% 0.50% 0.76% (1.26%)

Low Volatility Canadian Equity ETF 1.55% 1.28% 0.55% 0.84% (1.34%)

Low Volatility U.S. Equity ETF 1.50% 1.23% 0.50% 0.85% (1.35%)

Monthly Income 1.60% 1.37% 0.60% 0.70% (1.20%)


Dividend 1.60% 1.33% 0.60% 0.88% (1.38%)

Monthly High Income II 1.65% 1.38% 0.65% 0.87% (1.37%)

Tactical Balanced 1.60% 1.37% 0.60% 0.72% (1.22%)

Global Balanced 1.65% 1.42% 0.65% 0.68% (1.18%)

Low Volatility International Equity ETF 1.60% 1.33% 0.60% 0.85% (1.35%)


Concentrated Global Equity 1.75% 1.48% 0.75% 0.95% (1.45%)

Balanced ESG ETF 1.40% 1.18% 0.40% 0.62% (1.12%)

Sustainable Opportunities Global Equity 1.75% 1.48% 0.75% 0.92% (1.42%)

* Management fee includes the management fee charged by the Underlying Fund(s) but excludes applicable taxes.** Insurance fee excludes applicable taxes.

† These funds are also available on GIF 75/100 Plus with no change in management or insurance fees.




FEES AND CHARGES 3

GIF 100/100 Series

Fund

Management Fee* Insurance Fee & Insurance Fee Limit**

(noted in brackets)Class A Prestige Class F

Money Market 1.00% N/A 0.50% 0.00%

Canadian Balanced Growth 1.50% 1.15% 0.50% 1.03% (1.55%)

U.S. Balanced Growth 1.50% 1.15% 0.50% 1.03% (1.55%)

Canadian Income Strategy 1.70% 1.35% 0.70% 0.78% (1.28%)

North American Income Strategy 1.70% 1.35% 0.70% 0.73% (1.23%)

Conservative ETF Portfolio 1.40% 1.05% 0.40% 0.90% (1.40%)

Balanced ETF Portfolio 1.45% 1.10% 0.45% 1.00% (1.50%)

Monthly Income 1.60% 1.25% 0.60% 1.03% (1.55%)


Global Balanced 1.65% 1.30% 0.65% 1.03% (1.55%)


Balanced ESG ETF 1.40% 1.05% 0.40% 1.00% (1.50%)

** Management fee includes the management fee charged by the Underlying Fund(s) but excludes applicable taxes.** Insurance fee excludes applicable taxes.




4 BMO MONEY MARKET GIF

BMO Money Market GIF

Quick Facts:........................Date Fund created: December 2, 2013 (Class A 100/100)

June 21, 2016 (Class A 75/75 and 75/100) May 14, 2018 (Class F)

...................................................................

.....................................

Total Value on: $36,829,174

Portfolio Manager: BMO Asset Management Inc. .....................................................................Portfolio Turnover Rate: n/a

Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (000’s)Class A

Series 75/75 0.40† 10.09 1,307Series 75/100 0.35† 10.08 1,506Series 100/100 0.44† 10.12 831

Class FSeries 75/75 0.32† 10.19 2Series 75/100 0.41† 10.17 1Series 100/100 0.41† 10.17 1Minimum Investment $500 – $10,000 (Class A, Class F) (see Information Folder for more details)† BMO Insurance is currently waiving a portion of the fees for this Fund. BMO Insurance has no obligation to continue waiving these fees and can terminate the waiver at any time without notice. For the period ending

on December 31, 2020, the Class A MER without the waiver is 1.40% for Series 75/75, 1.41% for Series 75/100 and 1.41% for Series 100/100. Class F MER without the waiver is 0.85% for Series 75/75, 0.85% for Series 75/100 and 0.85% for Series 100/100.

What does this fund invest in?The objectives of the fund are to preserve the value of your investment, provide interest income and a high level of liquidity. It invests primarily in high-quality money market instruments issued by governments and corporations in Canada.

Top 10 Investments % of Assets1. BMO Money Market Fund Series I 21.7

Bank of Nova Scotia, The, Deposit Notes, Senior, Unsecured, 3.270% Jan 11, 2021 2.6

Municipal Finance Authority of British Columbia, Treasury Bills, 0.206% Jan 13, 2021 2.6

Province of Newfoundland and Labrador, Treasury Bills, 0.161% Mar 18, 2021 2.4

Province of Ontario, Treasury Bills, 0.150% Mar 24, 2021 2.4Province of Prince Edward Island, Treasury Bills, 0.180% Jan 26, 2021 2.1Safe Trust, Commercial Paper, 0.274% Jan 5, 2021 1.9Enbridge Pipelines Inc., Commercial Paper, 0.303% Jan 22, 2021 1.9Zeus Receivables Trust, Commercial Paper, 0.258% Jan 19, 2021 1.9Zeus Receivables Trust, Commercial Paper, 0.261% Jan 5, 2021 1.6Toronto Hydro Corporation, Commercial Paper, 0.209% Jan 5, 2021 1.6

2. Cash/Receivables/Payables 78.3

Total 100.0

Total Investments 2

BMO Money Market GIF

Portfolio Allocation

Commercial Paper .........................................52.1%Treasury Bills – Provincial ...............................18.6%Bearer Deposit Notes .......................................8.4%

........................Corporate Bonds & Debentures 7.8% ................................Treasury Bills – Municipal 5.8%

.......................................Bankers Acceptances 3.3% ....................................Treasury Bills – Federal 3.2%

..................................................Term Deposits 0.4%Provincial Bonds ..............................................0.3%

...............................Cash/Receivables/Payables 0.1%

How has the fund performed?This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 100/100. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation.

Average returnA person who invested $1,000 in the fund on December 2, 2013 has $1,014on December 31, 2020. This works out to an average of 0.2% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past 7 years. In the last7 years, the fund was up in value 7 years and down in value 0 years.

0.1%

-10%

-5%

0%

5%

10%

2020

0.1%0.1%0.3%0.1% 0.2% 0.5%

2014

2015

2013

2012

2011

2016

2017

2018

2019

How risky is it?The value of your investments under your contract can go down. Please see your information folder for details.

LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH

Are there any guarantees?This fund is offered under an insurance contract. It comes with maturity and death guarantees that may protect a contractholder’s investment if the market goes down. The insurance cost for the guarantees is presented separately from management fees, but is charged to the fund. The fund’s MER includes the insurance cost for the guarantees. For full details please refer to the information folder and your contract.

Who is this fund for?Consider this fund if you want a more secure investment with low investment risk or you are looking for a short-term investment. The yield of this fund varies with short-term interest rates.




BMO MONEY MARKET GIF 5

How much does it cost?The following table shows the fees and expenses you could pay to invest or redeem units of this fund.

1. Sales Charges (Class A)

Sales Charge Option What you pay How it works

Front-end Load Option (FEL) Up to 5.0% of the amount you invest. You and your advisor determine the rate.The fee is deducted from the amount you invest. It is paid to your advisor as a commission.

Deferred Sales Charge Option (DSC)

If you redeem units in less than:1 year of investing, you pay 5.0%2 years of investing, you pay 5.0%3 years of investing, you pay 5.0%4 years of investing, you pay 4.0%5 years of investing, you pay 4.0%6 years of investing, you pay 3.0%7 years of investing, you pay 2.0% After 7 years, you pay 0%

When you invest, BMO Insurance pays a commission of up to 5.0% to your advisor.Any deferred sales charge you pay goes to BMO Insurance. It is deducted from the amount you sell.You can redeem up to 10% of your units each year without paying a deferred sales charge.You can switch to units of other funds under the insurance contract at any time without paying a deferred sales charge. The deferred sales charge schedule will be based on the date you invested the premium.

No-load Option (NL) You will not pay any sales charges when you invest or redeem units. Other fees, such as the short-term trading fee may apply.

When you invest, BMO Insurance pays a commission of up to 5.0% to your advisor.

2. Ongoing fund expenses

The management expense ratio (MER) includes the management fee, insurance fees for the guarantees and administrative expenses of this fund. The MER is an annual rate as a percentage of the fund’s value. You do not pay these fees directly. They affect you because they reduce the return you get on your investment. For details on how the guarantees work, please refer to your insurance contract.

MER % – Class A MER % – Class F

Series 75/75 0.40† 0.32†

Series 75/100 0.35† 0.41†

Series 100/100 0.44† 0.41†

† BMO Insurance is currently waiving a portion of the fees for this Fund. BMO Insurance has no obligation to continue waiving these fees and can terminate the waiver at any time without notice. For the period ending on December 31, 2020, the Class A MER without the waiver is 1.40% for Series 75/75, 1.41% for Series 75/100 and 1.41% for Series 100/100. Class F MER without the waiver is 0.85% for Series 75/75, 0.85% for Series 75/100 and 0.85% for Series 100/100.

Available additional guarantee options are subject to the following fees. For details, please refer to the guarantee sections of your information folder and contract.

Death Guarantee Reset Option Fee (%)

Class A, Class F

Series 100/100 0.00

3. Other fees

You may have to pay other fees when you redeem, switch or purchase units of this fund.

Fee What you pay

Short term trading fee Up to 2% of the value of units you redeem or switch within 90 days of buying them. This fee goes to the fund.

NSF fee We reserve the right to charge a fee to cover our expenses.

What if I change my mind?You can change your mind about investing in this fund, but you may have as little as 2 days to do so. Please see the introduction page of the Fund Facts for details. The page also contains details on how to get more information. The Fund Fact is not complete without the introduction page.




6 BMO CANADIAN BALANCED GROWTH GIF

........................

BMO Canadian Balanced Growth GIF

Quick Facts:Date Fund created: December 2, 2013 (Class A 100/100)

October 1, 2014 (Prestige Class 100/100) May 14, 2018 (Class F 100/100)

...................................................................Total Value on: $15,045,370

.....................................Portfolio Manager: BMO Asset Management Inc.

Portfolio Turnover Rate: 73.41% .............................................................

Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (‘000)

Class ASeries 100/100 3.08 10.90 804

Prestige Class Series 100/100 2.69 10.48 578

Class F Series 100/100 2.01 10.83 19Minimum Investment $500 - $10,000 (Class A, Class F)

$250,000 (Prestige Class) (see Information Folder for more details)

What does this fund invest in?The fundamental investment objectives of this Fund are to achieve long term capital growth and income by investing primarily in exchange traded funds (“ETFs”). The Fund seeks to provide investors with broad exposure to publicly listed Canadian companies balanced with high quality fixed income securities or cash equivalents.

Top 10 Investments % of AssetsBMO S&P/TSX Capped Composite Index ETF 39.8BMO Mid Federal Bond Index ETF 29.6BMO Mid Corporate Bond Index ETF 16.1BMO S&P 500 Index ETF 6.1BMO MSCI EAFE Index ETF 4.1BMO Mid-Term US IG Corporate Bond Index ETF 3.7Cash/Receivables/Payables 0.6

Total 100.0

Total Investments 7

BMO Canadian Balanced Growth GIF


.......................................Fixed Income Funds 49.2% ..................................Canadian Equity Funds 40.0% U.S. Equity Funds .............................................6.1% ...............................International Equity Funds 4.1% ...............................Cash/Receivables/Payables 0.6%


Average returnA person who invested $1,000 in the fund on December 2, 2013 has $1,088 on December 31, 2020. This works out to an average of 1.2% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past 7 years for a contractholder. In the last 7 years, the fund was up in value 5 years and down in value 2 years.

3.4%2.0%

0.2%

10.2%5.0%

-5.9%-5.2%-14%

-7%

0%

7%

14%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you are investing for the medium to long term, seeking exposure to bonds and stocks and if you are comfortable with low to moderate risk.




BMO CANADIAN BALANCED GROWTH GIF 7


1. Sales Charges (Class A and Prestige Class)










MER % – Class A MER % – Prestige Class MER % – Class F

Series 100/100 3.08 2.69 2.01



Class A, Prestige Class, Class F

Series 100/100 0.20

Trailing commission

BMO Insurance pays a trailing commission for services and advice provided to you (Class A and Prestige Class). The trailing commission is paid out of the management fee for as long as you hold this fund. The rate depends on the sales charge option you choose:

Sales Charge Option Class A (100/100) Prestige Class (100/100)

Front-end Load Option Up to 1.0% of the value of your investment each year Up to 0.85% of the value of your investment each year

Deferred Sales Charge Option Up to 0.5% of the value of your investment each year Up to 0.35% of the value of your investment each year

No-load Option Up to 1.0% of the value of your investment each year starting in year 3 Up to 0.85% of the value of your investment each year starting in year 3

3. Other fees


Fee What you pay







8 BMO CANADIAN INCOME STRATEGY GIF

BMO Canadian Income Strategy GIF



.....................................................................Total Value on: $6,595,783

Portfolio Manager: BMO Asset Management Inc. .....................................

Portfolio Turnover Rate: 74.96% .............................................................

Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (‘000s)

Class ASeries 100/100 3.01 11.18 370

Prestige Class Series 100/100 2.67 10.91 225

Class FSeries 100/100 1.95 11.54 1Minimum Investment $500 – $10,000 (Class A, Class F)


What does this fund invest in?The fundamental investment objectives of the Fund are to achieve long term capital growth and monthly income by investing primarily in ETFs that invest in Canadian income-generating securities: dividend-paying common stocks, preferred shares, income trusts, balanced with high quality fixed income securities or cash equivalents.

Top 10 Investments % of AssetsBMO Mid Federal Bond Index ETF 22.7BMO S&P 500 Index ETF 13.8BMO Mid Corporate Bond Index ETF 12.3BMO S&P/TSX Capped Composite Index ETF 11.2BMO MSCI EAFE Index ETF 9.2BMO Canadian Dividend ETF 6.7BMO Low Volatility Canadian Equity ETF 6.7BMO Equal Weight Banks Index ETF 4.0BMO Laddered Preferred Share Index ETF 3.4BMO Equal Weight Utilities Index ETF 3.2

Total 93.2

Total Investments 13

BMO Canadian Income Strategy GIF


.......................................Fixed Income Funds 41.3% ..................................Canadian Equity Funds 34.9% U.S. Equity Funds ...........................................13.8% ...............................International Equity Funds 9.2% Cash/Receivables/Payables ...............................0.8%




1.2%

9.6%5.5%

2.6%

-6.1% -4.2%

3.5%

-14%

-7%

0%

7%

14%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019

How risky is it? The value of your investments under your contract can go down. Please see your information folder for details.

LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH






BMO CANADIAN INCOME STRATEGY GIF 9













Series 100/100 3.01 2.67 1.95




Series 100/100 0.15

Trailing commission






3. Other fees


Fee What you pay







10 BMO U.S. BALANCED GROWTH GIF

BMO U.S. Balanced Growth GIF

Quick Facts: ........................Date Fund created: December 2, 2013 (Class A 100/100)


...................................................................Total Value on: $36,209,599


...........................................................Portfolio Turnover Rate: 115.49%

Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (‘000)

Class ASeries 100/100 3.08 12.74 1,804

Prestige Class Series 100/100 2.69 12.45 1,056



What does this fund invest in?The fundamental investment objectives of this Fund are to achieve long term capital growth and income by investing primarily in ETFs. The Fund seeks to provide investors with broad exposure to publicly listed U.S. companies balanced with high quality Canadian fixed income securities or cash equivalents.

Top 10 Investments % of AssetsBMO S&P 500 Index ETF

64.7BMO Mid Federal Bond Index ETF 20.8BMO Mid Corporate Bond Index ETF 11.3BMO Mid-Term US IG Corporate Bond Index ETF 2.6Cash/Receivables/Payables 0.6

Total 100.0

Total Investments 5

BMO U.S. Balanced Growth GIFPortfolio Allocation

U.S. Equity Funds ...........................................64.7%

.......................................Fixed Income Funds 34.7%





-0.8% -0.6%-2.1%

7.5%3.9%

11.5%6.2%

-16%

-8%

0%

8%

16%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH






BMO U.S. BALANCED GROWTH GIF 11













Series 100/100 3.08 2.69 2.01




Series 100/100 0.20

Trailing commission






3. Other fees


Fee What you pay







12 BMO NORTH AMERICAN INCOME STRATEGY GIF

BMO North American Income Strategy GIF



...................................................................Total Value on: $41,380,438

Portfolio Manager: BMO Asset Management Inc......................................

Portfolio Turnover Rate: 75.49%.............................................................

Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (000’s)

Class ASeries 100/100 2.96 11.48 2,090

Prestige Class Series 100/100 2.56 11.12 1,561



What does this fund invest in?The fundamental investment objectives of the Fund are to achieve long term capital growth and monthly income by investing primarily in ETFs that invest in Canadian and U.S. income-generating securities: dividend-paying common stocks, preferred shares, income trusts, balanced with high quality Canadian fixed income securities or cash equivalents.

Top 10 Investments % of AssetsBMO Mid Federal Bond Index ETF 26.1BMO Mid Corporate Bond Index ETF 14.2BMO S&P/TSX Capped Composite Index ETF 9.2BMO S&P 500 Index ETF 9.0BMO Low Volatility US Equity ETF 8.4BMO MSCI EAFE Index ETF 7.5BMO Canadian Dividend ETF 6.7BMO Low Volatility Canadian Equity ETF 5.5BMO Global Infrastructure Index ETF 4.4BMO Mid-Term US IG Corporate Bond Index ETF 3.2

Total 94.2


BMO North American Income Strategy GIF


.......................................Fixed Income Funds 46.4%

..................................Canadian Equity Funds 23.7%

...........................................U.S. Equity Funds 17.3%

International Equity Funds ...............................7.5%

.........................................Global Equity Funds 4.4%





2.4% 2.7%

10.9%

-3.8% -3.3% -1.3%

7.2%

-14%

-7%

0%

7%

14%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH






BMO NORTH AMERICAN INCOME STRATEGY GIF 13




Front-end Load Option (FEL)

Up to 5.0% of the amount you invest. You and your advisor determine the rate.The fee is deducted from the amount you invest. It is paid to your advisoras a commission.









Series 100/100 2.96 2.56 1.89




Series 100/100 0.15

Trailing commission






3. Other fees


Fee What you pay







14 BMO FIXED INCOME ETF PORTFOLIO GIF

BMO Fixed Income ETF Portfolio GIF

Quick Facts:................Date Fund created: June 21, 2016 (Class A 75/75 and 75/100)

May 14, 2018 (Class F 75/75 and 75/100) May 7, 2019 (Prestige Class 75/75 and 75/100)

Total Value on: $27,242,030...................................................................


Portfolio Turnover Rate: 3.04%...............................................................


Series 75/75 1.97 10.90 350Series 75/100 2.11 10.78 563

Prestige ClassSeries 75/75 1.92 10.87 530Series 75/100 1.99 10.74 1,039

Class FSeries 75/75 0.89 11.49 39Series 75/100 1.04 11.46 1Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)

What does this fund invest in?The Fund invests in the BMO Fixed Income ETF Portfolio or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to preserve the value of your investment by investing primarily in exchange traded funds that invest in Canadian, U.S. and international fixed income securities. The underlying fund may also invest in other mutual funds or invest directly in individual fixed income securities and cash or cash equivalents. The underlying fund’s asset mix may be changed over time to reflect the portfolio manager’s long-term outlook for each asset class.

Top 10 Investments % of Assets 1. BMO Fixed Income ETF Portfolio, Series I 98.5

BMO Aggregate Bond Index ETF 28.6BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF 19.1BMO High Yield US Corporate Bond Hedged to CAD Index ETF 8.0BMO Short Corporate Bond Index ETF 7.8BMO Long Federal Bond Index ETF 5.5BMO Long-Term US Treasury Bond Index ETF 4.8BMO Emerging Markets Bond Hedged to CAD Index ETF 4.6SPDR Bloomberg Barclays TIPS ETF, Series I 4.4BMO Canadian MBS Index ETF 3.9BMO Mid Corporate Bond Index ETF 2.6

2. Cash/Receivables/Payables 1.5Total 100.0

Total Investments 2

BMO Fixed Income ETF Portfolio GIF


........................Canadian Fixed Income Funds 54.2% ................................U.S. Fixed Income Funds 38.5% ..............Emerging Markets Fixed Income Fund 4.6% ...............................Cash/Receivables/Payables 1.8% ......................International Fixed Income Fund 0.5% ................................Global Fixed Income Fund 0.4%

How has the fund performed?This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 75/75. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation. Average returnA person who invested $1,000 in the fund on June 16, 2016 has $1,089 on December 31, 2020. This works out to an average of 1.9% a year.Year-by-year return (%)This chart shows how the fund has performed in the past 4 years for the contractholder. In the last 4 years, the fund was up in value 2 year and down in value 2 years.

-0.7%

5.0% 6.0%

-0.4%

-10%

-5%

0%

5%

10%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH

Are there any guarantees?This fund is offered under an insurance contract. It comes with maturity and death guarantees that may protect a contractholder’s investment if the market goes down. The insurance cost for the guarantees is presented separately from management fees, but is charged to the fund. The fund’s MER includes the insurance cost for the guarantees. For full details please refer to the information folder and your contract.Who is this fund for?Consider this fund if you want a conservative investment mostly in fixed income ETFs with a low level of volatility, and are comfortable with low investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment over the short-term).




BMO FIXED INCOME ETF PORTFOLIO GIF 15













Series 75/75 1.97 1.92 0.89

Series 75/100 2.11 1.99 1.04

Trailing commission


Sales Charge Option Class A (75/75 and 75/100), Prestige Class (75/75 and 75/100)

Front-end Load Option Up to 1.0% of the value of your investment each year

Deferred Sales Charge Option Up to 0.5% of the value of your investment each year

No-load Option Up to 1.0% of the value of your investment each year starting in year 3

3. Other fees


Fee What you pay







16 BMO INCOME ETF PORTFOLIO GIF

BMO Income ETF Portfolio GIF



...................................................................Total Value on: $33,872,201


.............................................................Portfolio Turnover Rate: 14.37%


Series 75/75 2.19 11.61 414Series 75/100 2.42 11.51 741



What does this fund invest in?The Fund invests in the BMO Income ETF Portfolio or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to preserve the value of your investment by investing primarily in exchange traded funds that invest in fixed income securities with a lesser exposure to exchange traded funds that invest in Canadian, U.S. and international equity securities. The underlying fund may also invest in other mutual funds or invest directly in individual fixed income or equity securities and cash or cash equivalents. The underlying fund’s asset mix may be changed over time to reflect the portfolio manager’s long-term outlook for each asset class.

Top 10 Investments % of Assets 1. BMO Income ETF Portfolio, Series I 98.7

BMO Aggregate Bond Index ETF 29.7BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF 10.3BMO S&P 500 Index ETF 9.5BMO Mid Corporate Bond Index ETF 6.8BMO Long Federal Bond Index ETF 5.4BMO MSCI EAFE Index ETF 5.3BMO S&P/TSX Capped Composite Index ETF 4.8BMO Long Provincial Bond Index ETF 3.5BMO Emerging Markets Bond Hedged to CAD Index ETF 3.4BMO MSCI Emerging Markets Index ETF 3.4


Total 100.0

Total Investments 2

BMO Income ETF Portfolio GIF


........................Canadian Fixed Income Funds 55.8% ................................U.S. Fixed Income Funds 14.1% ...........................................U.S. Equity Funds 10.4% .................................International Equity Fund 5.3% ....................................Canadian Equity Funds 5.2% ..............Emerging Markets Fixed Income Fund 3.4% .........................Emerging Markets Equity Fund 3.4% ...............................Cash/Receivables/Payables 1.5% .....................International Fixed Income Funds 0.5% ..............................Global Fixed Income Funds 0.4%


Average returnA person who invested $1,000 in the fund on June 21, 2016 has $1,164 on December 31, 2020. This works out to an average of 3.4% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past 4 years for the contractholder. In the last 4 years, the fund was up in value 3 years and down in value 1 year.

-2.1%

1.9%

7.9% 6.6%

-14%

-7%

0%

7%

14%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a conservative investment mostly in fixed income and to a lesser extent in equity ETFs with the potential for some capital appreciation, and are comfortable with low investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment over the short-term).




BMO INCOME ETF PORTFOLIO GIF 17






If you redeem units in less than:1 year of investing, you pay 5.0%2 years of investing, you pay 5.0%3 years of investing, you pay 5.0%4 years of investing, you pay 4.0%5 years of investing, you pay 4.0%6 years of investing, you pay 3.0%7 years of investing, you pay 2.0%After 7 years, you pay 0%







Series 75/75 2.19 2.06 1.10

Series 75/100 2.42 2.19 1.30

Trailing commission






3. Other fees


Fee What you pay





FUND FACTS – BMO® Guaranteed Investment FundsAll information as at December 31, 2020 (unless otherwise noted)

18 BMO CONSERVATIVE ETF PORTFOLIO GIF

BMO Conservative ETF Portfolio GIF


January 9, 2017 (Class A 100/100, Prestige Class 100/100) May 14, 2018 (Class F 75/75, 75/100 and 100/100)

May 7, 2019 (Prestige Class 75/75 and 75/100)

Total Value on: $99,788,690...................................................................

.....................................Portfolio Manager: BMO Asset Management Inc.



Series 75/75 2.24 12.14 1,358Series 75/100 2.46 11.99 1,675Series 100/100 2.87 11.43 975

Prestige ClassSeries 75/75 2.08 10.98 1,383Series 75/100 2.24 10.97 1,932Series 100/100 2.49 11.60 1,133

Class FSeries 75/75 1.15 11.78 199Series 75/100 1.36 11.72 1Series 100/100 1.75 11.60 13Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)

What does this fund invest in?The Fund invests in the BMO Conservative ETF Portfolio or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to preserve the value of your investment and, to a lesser extent, provide some potential for growth by investing primarily in exchange traded funds that invest in Canadian, U.S. and international fixed income and equity securities. The underlying fund may also invest in other mutual funds or invest directly in individual fixed income or equity securities and cash or cash equivalents. The underlying fund’s asset mix may be changed over time to reflect the portfolio manager’s long-term outlook for each asset class.

Top 10 Investments % of Assets 1. BMO Conservative ETF Portfolio, Series I 98.1

BMO Aggregate Bond Index ETF 23.8BMO S&P 500 Index ETF 13.3BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF 8.8BMO S&P/TSX Capped Composite Index ETF 8.6BMO MSCI EAFE Index ETF 8.0BMO Long Federal Bond Index ETF 5.1BMO MSCI Emerging Markets Index ETF 4.4BMO Mid Corporate Bond Index ETF 4.0BMO Emerging Markets Bond Hedged to CAD Index ETF 3.1BMO Long Provincial Bond Index ETF 2.9


Total 100.0

Total Investments 2

BMO Conservative ETF Portfolio GIF


........................Canadian Fixed Income Funds 46.0% ...........................................U.S. Equity Funds 14.7%

................................U.S. Fixed Income Funds 11.9% ....................................Canadian Equity Funds 9.2%

.................................International Equity Fund 8.0% .......................Emerging Markets Equity Funds 4.7%

..............Emerging Markets Fixed Income Fund 3.1% ...............................Cash/Receivables/Payables 1.8%................................Global Fixed Income Fund 0.3%

......................International Fixed Income Fund 0.3%




3.2%

9.7%7.2%

-2.9%

-14%

-7%

0%

7%

14%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a conservative investment mostly in fixed income and equity ETFs with the potential for some capital appreciation, and are comfortable with low to moderate investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).



BMO CONSERVATIVE ETF PORTFOLIO GIF 19












MER % - Class A MER % - Prestige Class MER % - Class F

Series 75/75 2.24 2.08 1.15

Series 75/100 2.46 2.24 1.36

Series 100/100 2.87 2.49 1.75




Series 100/100 0.20

Trailing commission


Sales Charge Option Class A, Prestige Class (75/75 and 75/100) Prestige Class (100/100)




3. Other fees


Fee What you pay







20 BMO BALANCED ETF PORTFOLIO GIF

BMO Balanced ETF Portfolio GIF


January 9, 2017 (Class A 100/100, Prestige Class 100/100) May 14, 2018 (Class F 75/75, 75/100 and 100/100)


.................................................................Total Value on: $230,450,650


Portfolio Turnover Rate: 0.32% ...............................................................


Series 75/75 2.30 12.84 1,960Series 75/100 2.60 12.67 3,468Series 100/100 3.02 11.85 3,603

Prestige ClassSeries 75/75 2.10 11.07 2,092Series 75/100 2.36 11.02 4,229Series 100/100 2.62 12.04 3,757


What does this fund invest in?The Fund invests in the BMO Balanced ETF Portfolio or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide a balanced portfolio by investing primarily in exchange traded funds that invest in Canadian, U.S. and international fixed income and equity securities. The underlying fund may also invest in other mutual funds or invest directly in individual fixed income and equity securities and cash or cash equivalents. The underlying fund’s asset mix may be changed over time to reflect the portfolio manager’s long-term outlook for each asset class.

Top 10 Investments % of Assets 1. BMO Balanced ETF Portfolio, Series I 98.8

BMO S&P 500 Index ETF 18.7BMO Aggregate Bond Index ETF 15.3BMO S&P/TSX Capped Composite Index ETF 13.6BMO MSCI EAFE Index ETF 13.0BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF 7.8BMO MSCI Emerging Markets Index ETF 5.8BMO Long Federal Bond Index ETF 3.3BMO Mid Corporate Bond Index ETF 2.6BMO Core Plus Bond Fund, ETF Series 2.2BMO Long Provincial Bond Index ETF 1.9


Total 100.0

Total Investments 2

BMO Balanced ETF Portfolio GIF


........................Canadian Fixed Income Funds 29.9%U.S. Equity Funds ...........................................21.6%

..................................Canadian Equity Funds 14.9% .............................International Equity Funds 13.7%

..................................U.S. Fixed Income Funds 9.9% .......................Emerging Markets Equity Funds 6.2%

...............................Cash/Receivables/Payables 1.7% ..............Emerging Markets Fixed Income Fund 1.6%

Global Fixed Income Fund................................0.3%International Fixed Income Fund 0.2%



Year-by-year return (%)This chart shows how the fund has performed in the past 4 years for a contractholder. In the last 4 years, the fund was up in value 3 year and down in value 1 year.

5.8%12.4%

7.0%

-3.6%

-18%

-9%

0%

9%

18%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a balanced investment mostly in fixed income and equity ETFs with the potential for some capital appreciation, and are comfortable with low to moderate investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO BALANCED ETF PORTFOLIO GIF 21













Series 75/75 2.30 2.10 1.21

Series 75/100 2.60 2.36 1.40

Series 100/100 3.02 2.62 1.92




Series 100/100 0.20

Trailing commission






3. Other fees


Fee What you pay







22 BMO GROWTH ETF PORTFOLIO GIF

BMO Growth ETF Portfolio GIF

Quick Facts:Date Fund created: June 21, 2016 (Class A 75/75 and 75/100) ................


Total Value on: $35,842,147...................................................................




Series 75/75 2.37 13.53 675Series 75/100 2.73 13.34 847

Prestige ClassSeries 75/75 2.22 11.10 521Series 75/100 2.48 11.03 873


What does this fund invest in?The Fund invests in the BMO Growth ETF Portfolio or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide long-term growth by investing primarily in exchange traded funds that invest in Canadian, U.S. and international equity securities and, to a lesser extent, fixed income securities. The underlying fund may also invest in other mutual funds or invest directly in individual fixed income and equity securities and cash or cash equivalents. The underlying fund’s asset mix may be changed over time to reflect the portfolio manager’s long-term outlook for each asset class.

Top 10 Investments % of Assets 1 BMO Growth ETF Portfolio, Series I 98.8

BMO S&P 500 Index ETF 24.6BMO S&P/TSX Capped Composite Index ETF 19.5BMO MSCI EAFE Index ETF 18.2BMO MSCI Emerging Markets Index ETF 8.1BMO Aggregate Bond Index ETF 7.6BMO Low Volatility US Equity ETF 3.6BMO Mid-Term US IG Corporate Bond Hedged to CAD Index ETF 3.4Cash/Receivables/Payables 2.1BMO Long Federal Bond Index ETF 1.9BMO Low Volatility Canadian Equity ETF 1.8


Total 100.0

Total Investments 2

BMO Growth ETF Portfolio GIF


U.S. Equity Funds ...........................................29.2%Canadian Equity Funds ..................................21.3%International Equity Funds .............................19.3%

........................Canadian Fixed Income Funds 14.2% .......................Emerging Markets Equity Funds 8.6%

..................................U.S. Fixed Income Funds 4.4% ...............................Cash/Receivables/Payables 2.1%

..............Emerging Markets Fixed Income Fund 0.6%International Fixed Income Fund ......................0.2%

................................Global Fixed Income Fund 0.1%




8 0%14 7%

7 0%

-22%

-11%

0%

11%

22%

-4 6%

2020

2018

2014

2015

2013

2012

2011

2016

2017

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a growth oriented investment mostly in equity and to a lesser extent fixed income ETFs with the potential for some capital appreciation, and are comfortable with low to moderate investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO GROWTH ETF PORTFOLIO GIF 23




Front-end Load Option (FEL) Up to 5.0% of the amount you invest. You and your advisor determine the rate.The fee is deducted from the amount you invest. It is paid to your advisoras a commission.









Series 75/75 2.37 2.22 1.30

Series 75/100 2.73 2.48 1.65

Trailing commission






3. Other fees


Fee What you pay







24 BMO EQUITY GROWTH ETF PORTFOLIO GIF

BMO Equity Growth ETF Portfolio GIF



Total Value on: $28,372,509 ...................................................................




Series 75/75 2.43 14.26 484Series 75/100 2.78 14.05 755



What does this fund invest in?The Fund invests in the BMO Equity Growth ETF Portfolio or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide long-term growth by investing primarily in exchange traded funds that invest in Canadian, U.S. and international equity securities. The underlying fund may also invest in other mutual funds or invest directly in individual equity securities and cash or cash equivalents. The underlying fund’s asset mix may be changed over time to reflect the portfolio manager’s long-term outlook for each asset class.

Top 10 Investments % of Assets 1. BMO Equity Growth ETF Portfolio, Series I 98.1

BMO S&P 500 Index ETF 30.9BMO S&P/TSX Capped Composite Index ETF 24.0BMO MSCI EAFE Index ETF 22.4BMO MSCI Emerging Markets Index ETF 9.6BMO Low Volatility US Equity ETF 3.7BMO Aggregate Bond Index ETF 2.6BMO Low Volatility Canadian Equity ETF 2.0Cash/Receivables/Payables 1.9BMO S&P US Small Cap Index ETF 1.1BMO MSCI Japan Hedged to USD ETF 0.7


Total 100.0

Total Investments 2

BMO Equity Growth ETF Portfolio GIF


U.S. Equity Funds ...........................................35.7%Canadian Equity Funds ..................................26.0%International Equity Funds .............................23.5%Emerging Markets Equity Funds .....................10.3%Canadian Fixed Income Fund ...........................2.6%

Cash/Receivables/Payables ...............................1.9%



Year-by-year return (%)This chart shows how the fund has performed in the past 4 years. In the last 4 years, the fund was up in value 3 years and down in value 1 year.

11.7%16.7%

6.9%

-22%

-11%

0%

11%

22%

-5.5%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a equity oriented investment mostly in equity ETFs with the potential for some capital appreciation, and are comfortable with moderate investment risk (i.e. you are willing to accept fluctuations in the market value of your investment).




BMO EQUITY GROWTH ETF PORTFOLIO GIF 25













Series 75/75 2.43 2.27 1.36

Series 75/100 2.78 2.54 1.71

Trailing commission






3. Other fees


Fee What you pay







26 BMO LOW VOLATILITY CANADIAN EQUITY ETF GIF

BMO Low Volatility Canadian Equity ETF GIF



Total Value on: $32,985,380 ...................................................................



Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (000’s)

Class ASeries 75/75 2.54 12.64 680Series 75/100 2.94 12.41 1,021



What does this fund invest in?The Fund invests in the BMO Low Volatility Canadian Equity ETF or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide unitholders exposure to the performance of a portfolio of Canadian equities with the potential for long-term capital growth. The underlying fund securities will be selected from 100 of the largest and most liquid securities in Canada. The securities that have the lowest sensitivity to market movements (beta) will be selected for the portfolio and it will be weighted so that a higher allocation is given to securities with lower betas.

Top 10 Investments % of Assets 1. BMO Low Volatility Canadian Equity ETF 99.6

Franco-Nevada Corporation 4.7Hydro One Limited 4.6Emera Incorporated 3.0Intact Financial Corporation 2.8Empire Company Limited, Class A 2.8Metro Inc. 2.7Waste Connections, Inc. 2.6Barrick Gold Corporation 2.6Quebecor Inc., Class B 2.5Fairfax Financial Holdings Limited 2.5


Total 100.0

Total Investments 2

BMO Low Volatility Canadian Equity ETF GIF


Financials ......................................................23.9%Utilities .........................................................16.1%Consumer Staples ..........................................13.5%Communication Services ................................10.7%Materials .........................................................9.2%Real Estate ......................................................8.7%

...................................Consumer Discretionary 7.3%Industrials .......................................................6.7%Information Technology ...................................3.7%Cash/Receivables/Payables ...............................0.2%




8.5%19.1%

-0.6%

-26%

-13%

0%

13%

26%

-4.8%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you are investing for the medium to long term, seeking exposure to stocks with low volatility and the potential for long term growth, and if you are comfortable with moderate risk.




BMO LOW VOLATILITY CANADIAN EQUITY ETF GIF 27













Series 75/75 2.54 2.35 1.44

Series 75/100 2.94 2.69 1.85

Trailing commission






3. Other fees


Fee What you pay







28 BMO LOW VOLATILITY U.S. EQUITY ETF GIF

BMO Low Volatility U.S. Equity ETF GIF



Total Value on: $47,273,962...................................................................




Series 75/75 2.53 13.12 713Series 75/100 2.89 12.93 1,442



What does this fund invest in?The Fund invests in the BMO Low Volatility U.S. Equity ETF or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide unitholders with exposure to the performance of a portfolio of U.S. stocks with the potential for long-term capital growth. The underlying fund securities will be selected from the large capitalization U.S. equity universe. The securities that have the lowest sensitivity to market movements (beta) will be selected for the portfolio and it will be weighted so that a higher allocation is given to securities with lower betas.

Top 10 Investments % of Assets 1. BMO Low Volatility US Equity ETF 99.8

Cboe Global Markets, Inc. 1.7Johnson & Johnson 1.4McDonald’s Corporation 1.4Waste Management, Inc. 1.3Consolidated Edison, Inc. 1.3Autozone, Inc. 1.3Domino’s Pizza, Inc. 1.3Republic Services, Inc. 1.3Eli Lilly and Company 1.3C.H. Robinson Worldwide, Inc. 1.3


Total 100.0

Total Investments 2

BMO Low Volatility U.S. Equity ETF GIF


Utilities .........................................................22.7%Consumer Staples ..........................................18.4%Financials ......................................................14.4%Consumer Discretionary .................................13.4%Health Care ...................................................12.8%Industrials .......................................................8.3%Real Estate ......................................................7.3%Communication Services ..................................1.4%Materials .........................................................1.2%Cash/Receivables/Payables ...............................0.1%




2.7%

-0.3%

-26%

-13%

0%

13%

26%

6.1%

17.6%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you are investing for the medium to long term, seeking exposure to U.S. stocks with low volatility and the potential for long term growth, and if you are comfortable with moderate risk.




BMO LOW VOLATILITY U.S. EQUITY ETF GIF 29


1. Sales Charges (Class A and Prestige)











Series 75/75 2.53 2.36 1.42

Series 75/100 2.89 2.63 1.80

Trailing commission






3. Other fees


Fee What you pay







30 BMO MONTHLY INCOME GIF

BMO Monthly Income GIF

Quick Facts:Date Fund created: January 9, 2017 (Class A, Prestige Class 100/100) .....

May 14, 2018 (Class F) May 7, 2019 (Prestige Class 75/75 and 75/100)

Total Value on: $59,594,789...................................................................




Series 75/75 2.57 11.79 325Series 75/100 2.83 11.68 1,054Series 100/100 3.23 11.49 1,454

Prestige ClassSeries 75/75 2.44 10.77 231Series 75/100 2.66 10.73 663Series 100/100 2.80 11.69 1,441


What does this fund invest in?The Fund invests in the BMO Monthly Income Fund or a similar fund (“underlying fund”). The fundamental investment objectives of the underlying fund are to provide a fixed monthly distribution and to preserve the value of your investment. The underlying fund invests primarily in (i) Canadian fixed income securities with higher-than-average yields, issued by the federal government, provincial governments, government agencies and corporations, (ii) preferred and common shares, (iii) real estate investment trusts, and (iv) royalty trusts and other high-yielding investments. To enhance the yield, the underlying fund may also invest in Canadian or foreign lower-rated or unrated securities and derivative instruments like options, futures and forward contracts. The underlying fund may invest up to 30% of the fund’s assets in foreign securities.

Top 10 Investments % of Assets1. BMO Monthly Income Fund, Series I 99.6

Government of Canada, Unsecured, 1.250% Jun 1, 2030 3.0BMO MSCI Emerging Markets Index ETF 2.5Royal Bank of Canada 1.9Province of Quebec, Unsecured, 3.500% Dec 1, 2045 1.5Toronto-Dominion Bank, The 1.4Province of Ontario, Unsecured, Notes, 2.900% Jun 2, 2049 1.4BMO Low Volatility Emerging Markets Equity ETF 1.4Province of Ontario, Unsecured, Notes, 2.050% Jun 2, 2030 1.2Alphabet Inc. 1.2Apple Inc. 1.2


Total 100.0

Total Investments 2

BMO Monthly Income GIFPortfolio Allocation

Bonds & Debentures ......................................39.9%Canadian Equities..........................................31.2%U.S. Equities ..................................................18.6%Emerging Markets Equity Funds .......................3.8%International Equities .......................................3.6%Money Market Investments ..............................1.0%U.S. Equity Funds .............................................0.9%International Equity Funds ...............................0.8%Cash/Receivables/Payables ...............................0.2%


Average returnA person who invested $1,000 in the fund on January 9, 2017 has $1,178 on December 31, 2020. This works out to an average of 4.2% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past 3 years for acontractholder. In the last 3 years, the fund was up in value 2 year and down in value 1 year.

-3.0%

12.8%

3.3%

-18%

-9%

0%

9%

18%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a conservative investment mostly in fixed income and equities with the potential for some capital appreciation, and are comfortable with low to moderate investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO MONTHLY INCOME GIF 31













Series 75/75 2.57 2.44 1.47

Series 75/100 2.83 2.66 1.75

Series 100/100 3.23 2.80 2.12




Series 100/100 0.20

Trailing commission






3. Other fees


Fee What you pay




32 BMO ASSET ALLOCATION GIF

BMO Asset Allocation GIF

Quick Facts:Date Fund created: ...May 14, 2018 (Class A, Class F, Prestige Class 100/100)


Total Value on: $7,923,500........................................................................

Portfolio Manager: BMO Asset Management Inc....................................

Portfolio Turnover Rate: 18.13%............................................................


Series 75/75 2.50 11.24 44Series 75/100 2.81 11.13 95Series 100/100 3.22 10.99 143

Prestige ClassSeries 75/75 2.45 10.88 96Series 75/100 2.52 10.86 77Series 100/100 2.77 11.16 248


What does this fund invest in?The Fund invests in the BMO Asset Allocation Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide long-term capital growth consistent with the preservation of capital by investing primarily in a balanced portfolio of global equity and fixed income securities.

Top 10 Investments % of Assets1. BMO Asset Allocation, Series I 98.0

BMO S&P 500 Index ETF 19.1BMO MSCI EAFE Index ET 4.4Government of Canada, Unsecured, 1.250% Jun 1, 2030 2.5Royal Bank of Canada 2.4BMO MSCI Emerging Markets Index ETF 2.2Province of Ontario, Unsecured, Notes, 2.900% Jun 2, 2049 2.1Shopify Inc., Class A 2.0Government of Canada, Unsecured, 0.500% Sep 1, 2025 1.8BMO Emerging Markets Fund, Series I 1.6Canadian Natural Resources Limited 1.4


Total 100.0

Total Investments 2

BMO Asset Allocation GIF


Bond & Debentures .......................................38.8%Canadian Equities..........................................31.8%U.S. Equity Fund ............................................19.1%International Equity Fund .................................4.4%Emerging Markets Equity Funds .......................3.7%U.S. Equities ....................................................0.7%Money Market Investments ..............................0.6%Canadian Equity Funds ....................................0.5%Cash/Receivables/Payables ...............................0.5%Credit Default Swaps ..................................... -0.1%


Average returnA person who invested $1,000 in the fund on May 14, 2018 has $1,126 on December 31, 2020. This works out to an average of 4.6% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past 2 years for the contractholder. In the last 2 years, the fund was up in value 2 year and down in value 0 years.

5.4%12.0%

-18%

-9%

0%

9%

18%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH

Are there any guarantees?This fund is offered under an insurance contract. It comes with maturity and death guarantees that may protect a contractholder’s investment if the market goes down. The insurance cost for the guarantees is presented separately from management fees, but is charged to the fund. The fund’s MER includes the insurance cost for the guarantees.For full details please refer to the information folder and your contract.

Who is this fund for?Consider this fund if you want a mix of equities and fixed income securities in a single fund and you are comfortable with low to medium investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).






BMO ASSET ALLOCATION GIF 33













Series 75/75 2.50 2.45 1.47

Series 75/100 2.81 2.52 1.72

Series 100/100 3.22 2.77 2.13




Series 100/100 0.20

Trailing commission


Sales Charge Option Class A, Prestige Class (75/75, 75/100) Prestige Class (100/100)




3. Other fees


Fee What you pay







34 BMO DIVIDEND GIF

BMO Dividend GIF

Quick Facts:Date Fund created: May 14, 2018 (Class A 75/75 and .............................

75/100, Class F 75/75 and 75/100) May 7, 2019 (Prestige Class 75/75 and 75/100)

Total Value on: $35,274,635...................................................................




Series 75/75 2.63 11.36 363Series 75/100 3.06 11.25 1,465



What does this fund invest in?The Fund invests in the BMO Dividend Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide a high after-tax return, which includes dividend income and capital gains from growth in the value of your investment. The fund invests primarily in dividend-yielding common and preferred shares of established Canadian companies. The fund may invest up to 30% of the fund’s assets in foreign securities.

Top 10 Investments % of Assets1. BMO Dividend Fund, Series I 99.1

Royal Bank of Canada 7.5Toronto-Dominion Bank, The 6.7Bank of Nova Scotia, The 5.5Brookfield Asset Management Inc., Class A 5.4Canadian National Railway Company 5.2Brookfield Infrastructure Partners L.P. 4.3Enbridge Inc. 3.8Microsoft Corporation 3.7Manulife Financial Corporation 3.2Intact Financial Corporation 3.0


Total 100.0

Total Investments 2

BMO Dividend GIF


Financials ......................................................38.4% .....................................................Industrials 12.3%

Utilities .........................................................11.8%Information Technology ...................................9.0%Energy .............................................................7.7%Real Estate ......................................................4.9%

..................................Communication Services 4.4%Consumer Staples ............................................2.5%

...................................Consumer Discretionary 2.4%Materials .........................................................2.3%Money Market Investments ..............................2.1%Health Care .....................................................1.6%Cash/Receivables/Payables ...............................0.6%



Year-by-year return (%)This chart shows how the fund has performed in the past 2 years for the contractholder. In the last 2 years, the fund was up in value 2 year and down in value 0 years.

0.0%

21.7%

-24%

-12%

0%

12%

24%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a dividend fund that focuses on established Canadian companies and you are comfortable with medium investment risk (i.e. you are willing to accept fluctuations in the market value of your investment).




BMO DIVIDEND GIF 35













Series 75/75 2.63 2.54 1.62

Series 75/100 3.06 2.78 1.95

Trailing commission






3. Other fees


Fee What you pay







36 BMO MONTHLY HIGH INCOME II GIF

BMO Monthly High Income II GIF



Total Value on: $7,969,093.....................................................................


Portfolio Turnover Rate: 18.41%............................................................


Series 75/75 2.75 9.67 113Series 75/100 3.12 9.63 431



What does this fund invest in?The Fund invests in the BMO Monthly High Income II or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to generate a high level of monthly distributions with moderate volatility by investing primarily in a portfolio of trust units, equity securities and fixed income securities. The fund may invest up to 20% of the fund’s assets in foreign securities.

Top 10 Investments % of Assets1. BMO Monthly High Income Fund II, Series I 98.5

Royal Bank of Canada 6.5Toronto-Dominion Bank, The 6.4Bank of Nova Scotia, The 5.8Canadian Natural Resources Limited 4.7TELUS Corporation 4.5Enbridge Inc. 4.3TC Energy Corporation 4.1Suncor Energy Inc. 4.0Nutrien Ltd. 3.9Pembina Pipeline Corporation 3.9


Total 100.0

Total Investments 2

BMO Monthly High Income II GIF


Financials ......................................................31.5%Energy ...........................................................25.4%Utilities .........................................................13.5%Communication Services ..................................8.8%Real Estate ......................................................6.6%Materials .........................................................3.9%Industrials .......................................................2.8%Health Care .....................................................2.2%Money Market Investments ..............................1.8%Information Technology ...................................1.7%Consumer Discretionary ...................................1.4%



Average returnA person who invested $1,000 in the fund on May 14, 2018 has $969 on December 31, 2020. This works out to an average of -1.2% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past 2 years for the contractholder. In the last 2 years, the fund was up in value 1 year and down in value 1 year.

-8.6%

16.8%

-24%

-12%

0%

12%

24%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want you want an income-producing investment and you are looking for exposure to Canadian securities for your portfolio. You are comfortable with medium investment risk (i.e. you are willing to accept fluctuations in the market value of your investment).




BMO MONTHLY HIGH INCOME II GIF 37













Series 75/75 2.75 2.50 1.67

Series 75/100 3.12 2.78 2.00

Trailing commission






3. Other fees


Fee What you pay







38 BMO TACTICAL BALANCED GIF

BMO Tactical Balanced GIF



Total Value on: $35,540,154 ...................................................................


Portfolio Turnover Rate: 3.34% ...............................................................


Series 75/75 2.52 10.33 572Series 75/100 2.86 10.26 984



What does this fund invest in?The Fund invests in the BMO Tactical Balanced Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide long-term capital growth and preservation of capital by investing primarily in a diversified portfolio of global equity and fixed income exchange traded funds. The fund’s asset mix may be changed over time to reflect the portfolio manager’s outlook for each asset class.

Top 10 Investments % of Assets1. BMO Tactical Balanced ETF Fund, Series I 100.6

BMO Europe High Dividend Covered Call ETF 22.4BMO Premium Yield ETF 20.1Cash/Receivables/Payables 14.4VanEck Vectors J.P. Morgan EM Local Currency Bond ETF 11.1BMO Equal Weight Global Gold Index ETF 9.2BMO Ultra Short-Term US Bond ETF 8.4BMO Laddered Preferred Share Index ETF 5.6BMO Long-Term US Treasury Bond Index ETF 5.0Energy Select Sector SPDR Fund ETF 1.1BMO S&P 500 Index ETF, Put Option, Feb 19, 2021, $3,675.00 0.8

2. Cash/Receivables/Payables -0.6

Total 100.0

Total Investments 2

BMO Tactical Balanced GIF


International Equity Funds .............................22.5%U.S. Equity Funds ...........................................21.8%Cash/Receivables/Payables .............................14.4%U.S. Fixed Income Funds ................................13.4%Emerging Markets Fixed Income Fund ............11.1%Global Equity Fund ..........................................9.2%Preferred Share Fixed Income Funds .................6.0%Canadian Equity Funds ....................................1.5%Put Options .....................................................0.5%Canadian Fixed Income Fund ...........................0.3%Call Options .................................................. -0.7%




2.4%5.2%

-10%

-5%

0%

5%

10%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a balanced portfolio solution that adjusts to current market conditions and you are comfortable with low to medium investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO TACTICAL BALANCED GIF 39












MER – Class A MER – Prestige Class MER – Class F

Series 75/75 2.52 2.46 1.47

Series 75/100 2.86 2.60 1.77

Trailing commission






3. Other fees


Fee What you pay







40 BMO GLOBAL BALANCED GIF

BMO Global Balanced GIF

Quick Facts:Date Fund created: May 7, 2019 (Class A, Class F and Prestige Class)......

Total Value on: $9,592,737.....................................................................


Portfolio Turnover Rate: 8.93%...............................................................Management Expense Ratio (MER) (%) Net Asset Value per Unit ($) Number of Units Outstanding (000’s)

Class ASeries 75/75 2.67 11.13 42Series 75/100 2.88 11.11 271Series 100/100 3.31 10.95 133

Prestige ClassSeries 75/75 2.45 11.16 34Series 75/100 2.68 11.12 197Series 100/100 2.92 11.23 166

Class FSeries 75/75 1.53 11.34 1Series 75/100 1.79 11.29 23Series 100/100 2.18 11.22 1Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)What does this fund invest in?The Fund invests in the BMO Global Balanced Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide long-term capital growth consistent with the preservation of capital by investing primarily in a balanced portfolio of global equity and fixed income securities.

Top 10 Investments % of Assets1. BMO Global Balanced Fund, Series I 98.8

Cash/Receivables/Payables 6.0United States Treasury Notes, 1.750% Jun 30, 2022 2.4United States Treasury Notes, 0.625% Aug 15, 2030 1.9United States Treasury Notes, 1.375% Jun 30, 2023 1.7Roche Holding AG 1.6Alphabet Inc. 1.6United States Treasury Notes, 2.000% Aug 15, 2025 1.5Apple Inc. 1.4Nippon Telegraph and Telephone Corporation 1.4Deutsche Telekom AG 1.4


Total 100.0

Total Investments 2

BMO Global Balanced GIF Portfolio Allocation

Bonds & Debentures ......................................41.0%Information Technology .................................12.4%Consumer Discretionary ...................................9.5%Health Care .....................................................8.0%Communication Services ..................................7.2%Cash/Receivables/Payables ...............................6.0%Financials ........................................................4.4%Industrials .......................................................3.7%Consumer Staples ............................................2.9%Materials .........................................................2.6%Real Estate ......................................................1.3%Utilities ...........................................................0.8%Energy .............................................................0.2%

How has the fund performed?This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 75/75. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation. Average returnA person who invested $1,000 in the fund on May 7, 2019 has $1,113 on December 31, 2020. This works out to an average of 6.7% a year.Year-by-year return (%)This chart shows how the fund has performed in the past year for the contractholder. In the last year, the fund was up in value 1 year and down in value 0 years.

7.0%

-10%

-5%

0%

5%

10%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH

Are there any guarantees?This fund is offered under an insurance contract. It comes with maturity and death guarantees that may protect a contractholder’s investment if the market goes down. The insurance cost for the guarantees is presented separately from management fees, but is charged to the fund. The fund’s MER includes the insurance cost for the guarantees.For full details please refer to the information folder and your contract.Who is this fund for?Consider this fund if you want a balanced portfolio solution that adjusts to current market conditions and you are comfortable with low to medium investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO GLOBAL BALANCED GIF 41













Series 75/75 2.67 2.45 1.53

Series 75/100 2.88 2.68 1.79

Series 100/100 3.31 2.92 2.18




Series 100/100 0.20

Trailing commission






3. Other fees


Fee What you pay







42 BMO LOW VOLATILITY INTERNATIONAL EQUITY ETF GIF

BMO Low Volatility International Equity ETF GIF

Quick Facts:Date Fund created: May 7, 2019 (Class A 75/75 and 75/100, Class F .......

75/75 and 75/100, and Prestige Class 75/75 and 75/100)

Total Value on: $4,685,114.....................................................................


Portfolio Turnover Rate: 14.37%.............................................................


Series 75/75 2.68 9.91 96Series 75/100 2.95 9.86 146



What does this fund invest in?The Fund invests in the BMO Low Volatility International Equity ETF or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide exposure to a low beta weighted portfolio of international stocks in developed countries outside of North America. Beta measures the security’s sensitivity to market movements. The ETF utilizes a rules based methodology to build a portfolio of less market sensitive stocks from a universe of international large cap stocks. The underlying portfolio is rebalanced in June and reconstituted in December.Top 10 Investments % of Assets1. BMO Low Volatility International Equity ETF 97.4

Henkel AG & Co. KGaA 1.8Deutsche Wohnen SE 1.5Nippon Building Fund Inc. 1.5Qiagen N.V. 1.4Recordati Industria Chimica e Farmaceutica S.p.A. 1.4Japan Real Estate Investment Corporation 1.4Symrise AG 1.4Newcrest Mining Limited 1.4Grifols, S.A. 1.3Carl Zeiss Meditec AG 1.3


Total 100.0

Total Investments 2

BMO Low Volatility International Equity ETF GIF


Industrials .....................................................16.4%Health Care ...................................................15.2%Consumer Staples ..........................................14.3%Real Estate ....................................................12.8%Communication Services ................................10.3%Utilities .........................................................10.1%Consumer Discretionary ...................................9.9%Materials .........................................................3.9%Financials ........................................................3.8%Energy .............................................................2.6%Cash/Receivables/Payables ...............................0.7%


Average returnA person who invested $1,000 in the fund on May 7, 2019 has $992 on December 31, 2020. This works out to an average of -0.5% a year.

Year-by-year return (%)This chart shows how the fund has performed in the past year for the contractholder. In the last year, the fund was up in value 0 years and down in value 1 year.

-2.3%

-10%

-5%

0%

5%

10%

2020

2014

2015

2013

2012

2011

2016

2017

2018

2019


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a mix of equities and fixed income securities in a single fund and you are comfortable with medium investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO LOW VOLATILITY INTERNATIONAL EQUITY ETF GIF 43













Series 75/75 2.68 2.44 1.48

Series 75/100 2.95 2.71 1.82

Trailing commission






3. Other fees


Fee What you pay







44 BMO CONCENTRATED GLOBAL BALANCED GIF

BMO Concentrated Global Balanced GIF

Quick Facts: ....Date Fund created: May 11, 2020 (Class A, Class F and Prestige Class)

Total Value on: $22,812,072...................................................................Portfolio Manager: BMO Asset Management Inc......................................Portfolio Turnover Rate: 0.00%...............................................................


Series 75/75 2.62* 10.57 237Series 75/100 2.88* 10.56 375Series 100/100 3.19* 10.54 282

Prestige ClassSeries 75/75 2.38* 10.60 364Series 75/100 2.63* 10.58 387Series 100/100 2.78* 10.56 461

Class FSeries 75/75 1.50* 10.66 0Series 75/100 1.76* 10.63 59Series 100/100 2.16* 10.61 0Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)* The fund was launched May 11, 2020 and the MER is an estimate.

What does this fund invest in?The Fund invests in the BMO Concentrated Global Balanced Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide a competitive total rate of return, comprised of capital gains and income from interest and dividends, while maintaining a lower level of volatility than pure equity funds by investing primarily in a diversified portfolio of both Canadian and foreign equity and fixed income securities with no restrictions on the capitalization of the issuers.

Top 10 Investments % of Assets1. BMO Concentrated Global Balanced Fund, Series I 97.3

Mastercard Incorporated, Class A 5.0Alphabet Inc., Class A 5.0Government of Canada, 1.250% Jun 1, 2030 4.3Government of Canada, 1.250% Mar 1, 2025 4.1CME Group Inc. 4.1Booking Holdings Inc. 3.7EssilorLuxottica 3.7Colgate-Palmolive Company 3.0NIKE, Inc., Class B 2.9Keyence Corporation 2.9


Total 100.0

Total Investments 2

BMO Concentrated Global Balanced GIF

Investment Segmentation

......................................Bonds & Debentures 37.7%Consumer Discretionary .................................12.8%Information Technology .................................10.9%Health Care .....................................................9.0%Consumer Staples ............................................8.9%Financials ........................................................6.4%Communication Services ..................................5.0%Industrials .......................................................4.1%Money Market Investments ..............................2.8%Materials .........................................................1.2%Cash/Receivables/Payables ...............................1.2%

How has the fund performed?The fund was established in 2020; accordingly performance data is not available.This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 75/75. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation. Average returnA person who invested $1,000 in the fund on (date) has $ . This works out to an average of % a year.

_______

______ ___

___

Year-by-year return (%)This chart shows how the fund has performed in the years for a contractholder. In the last years, the fund was up in value years and down in value years. How risky is it?The value of your investments under your contract can go down. Please see your information folder for details.

LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if:• you want a balanced mix of Canadian and foreign equities and fixed

income investments• you are comfortable with low to medium investment risk (i.e., you

are willing to accept some fluctuations in the market value of your investment).




BMO CONCENTRATED GLOBAL BALANCED GIF 45













Series 75/75 2.62* 2.38* 1.50*

Series 75/100 2.88* 2.63* 1.76*

Series 100/100 3.19* 2.78* 2.16*

* The fund was launched May 11, 2020 and the MER is an estimate.


Death Guarantee Reset Option Fee (%) – Class A, Prestige Class, Class F

Series 100/100 0.20

Trailing commission


Class A, Prestige Class (75/75, 75/100) Prestige Class (100/100)




3. Other fees


Fee What you pay







46 BMO CONCENTRATED GLOBAL EQUITY GIF

BMO Concentrated Global Equity GIF

Quick Facts:.....Date Fund created: May 11, 2020 (Class A 75/75 and 75/100, Class F

75/75 and 75/100, and Prestige Class 75/75 and 75/100)

Total Value on: $17,419,501...................................................................




Series 75/75 3.01* 11.49 236Series 75/100 3.32* 11.50 547

Prestige ClassSeries 75/75 2.81* 11.50 311Series 75/100 3.04* 11.48 478

Class FSeries 75/75 1.89* 11.57 0Series 75/100 2.21* 11.54 0Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)* The fund was launched May 11, 2020 and the MER is an estimate.

What does this fund invest in?The Fund invests in the BMO Concentrated Global Equity Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to achieve long-term capital appreciation through investment in a portfolio of high quality equity or equity-related securities of issuers throughout the world. As part of this fund’s investment objective, the fund invests primarily in equities of companies that trade on recognized exchanges in countries around the world.

Top 10 Investments % of Assets1. BMO Concentrated Global Equity Fund, Series I 97.8

Mastercard Incorporated, Class A 8.6Alphabet Inc., Class A 8.4CME Group Inc. 6.9Booking Holdings Inc. 6.2EssilorLuxottica 6.2Colgate-Palmolive Company 5.0NIKE, Inc., Class B 4.9UnitedHealth Group Incorporated 4.8Keyence Corporation 4.7Novo Nordisk A/S, Class B 4.7


Total 100.0

Total Investments 2

BMO Concentrated Global Equity GIF


Consumer Discretionary .................................21.5%Information Technology .................................18.4%Health Care ...................................................15.3%Consumer Staples ..........................................15.0%Financials ......................................................10.7%Communication Services ..................................8.4%Industrials .......................................................7.0%Materials .........................................................1.8%Money Market Investments ..............................1.7%Cash/Receivables/Payables ...............................0.2%

How has the fund performed?The fund was established in 2020; accordingly performance data is not available.This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 75/75. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation.

Average returnA person who invested $1,000 in the fund on (date) has $__

_____

______ ___

___

. This works out to an average of a year.

Year-by-year return (%)This chart shows how the fund has performed in the years for a contractholder. In the last years, the fund was up in value years and down in value years.


LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if:• you are seeking long-term capital growth from your investment• you are comfortable with concentrated high conviction global equity

investments• you are comfortable with medium investment risk (i.e., you are willing

to accept fluctuations in the market value of your investment).




BMO CONCENTRATED GLOBAL EQUITY GIF 47













Series 75/75 3.01* 2.81* 1.89*

Series 75/100 3.32* 3.04* 2.21*

* The fund series was launched May 11, 2020 and the MER is an estimate.

Trailing commission


Class A (75/75 and 75/100) and Prestige Class (75/75 and 75/100)




3. Other fees


Fee What you pay

Short term trading fee Up to 2 of the value of units you redeem or switch within 90 days of buying them. This fee goes to the fund.






48 BMO BALANCED ESG ETF GIF

BMO Balanced ESG ETF GIF

Quick Facts:Date Fund created: May 10, 2021 (Class A, Class F and Prestige Class)....Total Value on: .....................................................................................*

Portfolio Manager: BMO Asset Management Inc......................................Portfolio Turnover Rate: ........................................................................*


Series 75/75 2.29* ** **Series 75/100 2.53* ** **Series 100/100 2.95* ** **

Prestige ClassSeries 75/75 2.09* ** **Series 75/100 2.29* ** **Series 100/100 2.56* ** **

Class FSeries 75/75 1.17* ** **Series 75/100 1.42* ** **Series 100/100 1.84* ** **Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)* The fund was launched May 10, 2021 and the MER is an estimate.** The fund was launched May 10, 2021 and this information is currently not available.

What does this fund invest in?The Fund invests in the BMO Balanced ESG ETF or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide moderate long-term capital appreciation and income by investing in global equity and fixed income ETFs. The ETF will re-balance quarterly to its strategic index asset allocation weights of 60% equity and 40% fixed income and will invest in broad indexed equity and fixed income ETFs. The equity and fixed income securities will be selected based on ESG ratings assigned by the index providers associated with the underlying ETFs.

Top 10 Investments (of the underlying fund) % of AssetsBMO MSCI USA ESG Leaders Index ETF 30.2BMO Government Bond Index ETF 25.7BMO MSCI EAFE ESG Leaders Index ETF 15.2BMO MSCI Canada ESG Leaders Index ETF 15.0BMO ESG Corporate Bond Index ETF 9.9BMO ESG US Corporate Bond Hedged to CAD Index ETF 3.9Cash/Receivables/Payables 0.1

Total 100.0

Total Investments 7

BMO Balanced ESG ETF GIF

Investment Segmentation (of the underlying fund)

Canadian Fixed Income Funds........................35.6%U.S. Equity Fund ............................................30.2%

...............................International Equity Fund 15.2%Canadian Equity Fund ....................................15.0%U.S. Fixed Income Fund ....................................3.9%


How has the fund performed?The fund was established in 2021; accordingly performance data is not available.This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 75/75. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation. Average returnA person who invested $1,000 in the fund on (date) has $__

_____

______ ___

___

. This works out to an average of % a year.Year-by-year return (%)This chart shows how the fund has performed in the years for a contractholder. In the last years, the fund was up in value years and down in value years. How risky is it?The value of your investments under your contract can go down. Please see your information folder for details.

LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if:• you want a balanced mix of Canadian and foreign equities and fixed

income investments• you are comfortable with low to medium investment risk (i.e., you

are willing to accept some fluctuations in the market value of your investment).




BMO BALANCED ESG ETF GIF 49













Series 75/75 2.29* 2.09* 1.17*

Series 75/100 2.53* 2.29* 1.42*

Series 100/100 2.95* 2.56* 1.84*

* The fund was launched May 10, 2021 and the MER is an estimate.


Death Guarantee Reset Option Fee (%) – Class A, Prestige Class, Class F

Series 100/100 0.20

Trailing commission


Class A, Prestige Class (75/75, 75/100) Prestige Class (100/100)




3. Other fees


Fee What you pay







50 BMO SUSTAINABLE OPPORTUNITIES GLOBAL EQUITY GIF

BMO Sustainable Opportunities Global Equity GIF

Quick Facts:Date Fund created: May 10, 2021 (Class A 75/75 and 75/100, Class F .....

75/75 and 75/100, and Prestige Class 75/75 and 75/100)Total Value on: .....................................................................................*

Portfolio Manager: BMO Asset Management Inc......................................Portfolio Turnover Rate: ........................................................................*


Series 75/75 2.95* ** **Series 75/100 3.25* ** **

Prestige ClassSeries 75/75 2.75* ** **Series 75/100 2.95* ** **

Class FSeries 75/75 1.84* ** **Series 75/100 2.14* ** **Minimum Investment $500 – $10,000 (Class A, Class F) $250,000 (Prestige Class) (see Information Folder for more details)* The fund was launched May 10, 2021 and the MER is an estimate.**The fund was launched May 10, 2021 and this information is currently not available..

What does this fund invest in?The Fund invests in the BMO Sustainable Opportunities Global Equity Fund or a similar fund (“underlying fund”). The fundamental investment objective of the underlying fund is to provide long-term growth of capital by investing primarily in a globally diversified portfolio of issuers and excludes investments that are primarily involved in the development and infrastructure of fossil fuels.

Top 10 Investments (of the underlying fund) % of AssetsMicrosoft Corporation 5.3Linde Public Limited Company 3.5Taiwan Semiconductor Manufacturing Company, Ltd., ADR 3.5HOYA Corporation 3.3HDFC Bank Limited, ADR 3.2Thermo Fisher Scientific Inc. 3.2Mastercard Incorporated, Class A 3.0PayPal Holdings, Inc. 3.0Keyence Corporation 2.9Xylem Inc. 2.8

Total 33.7


BMO Sustainable Opportunities Global Equity GIF

Investment Segmentation (of the underlying fund)

Information Technology .................................28.5%

Health Care ...................................................18.4%

Industrials .....................................................17.0%

Financials ......................................................10.2%

Materials .........................................................8.9%

...................................Consumer Discretionary 5.7%

Real Estate ......................................................3.5%

Consumer Staples ............................................3.5%

Utilities ...........................................................2.6%


How has the fund performed?The fund was established in 2021; accordingly performance data is not available.This section tells you how the fund has performed since it was created for a contractholder who chooses Class A Series 75/75. Returns are after the MER has been deducted. It is important to note that this does not tell you how the fund will perform in the future. Also, your actual return will depend on the guarantee option and/or class you choose and on your personal tax situation. Average returnA person who invested $1,000 in the fund on (date) has $__

_____

______ ___

___

. This works out to an average of % a year.Year-by-year return (%)This chart shows how the fund has performed in the years for a contractholder. In the last years, the fund was up in value years and down in value years. How risky is it?The value of your investments under your contract can go down. Please see your information folder for details.

LOWLOW TO

MODERATEMODERATE

MODERATE TO HIGH

HIGH


Who is this fund for?Consider this fund if you want a mix of equities and fixed income securities in a single fund and you are comfortable with medium investment risk (i.e. you are willing to accept some fluctuations in the market value of your investment).




BMO SUSTAINABLE OPPORTUNITIES GLOBAL EQUITY GIF 51













Series 75/75 2.95* 2.75* 1.84*

Series 75/100 3.25* 2.95* 2.14*

* The fund series was launched May 10, 2021 and the MER is an estimate.

Trailing commission


Class A (75/75 and 75/100) and Prestige Class (75/75 and 75/100)




3. Other fees


Fee What you pay

Short term trading fee Up to 2 of the value of units you redeem or switch within 90 days of buying them. This fee goes to the fund.



® Registered trade-mark of Bank of Montreal, used under licence. 06/15-2778 • 773E (2021/05/10)

BMO GIF Administrative and Services Office250 Yonge Street, 7th Floor, Toronto, ON M5B 2M8

1-855-639-3867

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bmo guaranteed investment funds · 2020. 12. 29. · bmo gif administrative and services office...

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