BMO TCH Corporate Income Fund Class I Shs
MCIIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 790 N. Water Street Milwaukee WI United States of America 53202
- IPO Date
- Dec 23, 2008
- CIK
- 0000889366
- Similar Companies
- Business
- BMO TCH Corporate Income Fund Class I (MCIIX) is a mutual fund managed by BMO Funds, Inc., a subsidiary of Bank of Montreal (BMO), that seeks to maximize total return consistent with current income by investing at least 80% of its assets in corporate debt securities, including convertible debt securities rated in the lowest investment grade category (BBB or Baa) at the time of purchase; it primarily targets U.S. dollar-denominated fixed income instruments such as investment-grade corporate bonds, high-yield debt, and convertible notes to generate current income and capital appreciation. The fund offers Class I shares with a minimum investment of $1,000,000, catering to institutional and high-net-worth investors seeking exposure to corporate credit markets; its portfolio turnover stands at approximately 42%, reflecting active management focused on yield optimization within fixed income segments. Established on December 22, 2008, the fund operates under BMO Funds, Inc., with principal executive offices historically based in Milwaukee, Wisconsin, while BMO's broader asset management headquarters are located at First Canadian Place in Toronto, Ontario, Canada; it serves investors across North America through BMO's global wealth management platform, which emphasizes diversified fixed income strategies amid varying interest rate environments. As part of BMO's extensive lineup of income-oriented mutual funds, MCIIX targets corporate bond issuers in sectors like industrials, utilities, and financials, primarily within the United States but with potential for global exposure through eligible securities. No major recent partnerships, acquisitions, funding rounds, new product launches, or strategic shifts specific to the BMO TCH Corporate Income Fund Class I have been announced within the last 1-2 years; the fund continues to operate steadily without noted reorganizations or name changes. BMO Investments Inc., the fund's manager, has pursued broader lineup changes, such as mergers of target-date funds like the BMO LifeStage Plus 2025 Fund into the BMO Money Market Fund effective July 2025 and other mutual fund consolidations, reflecting ongoing portfolio rationalization across BMO's offerings. Additionally, BMO announced the acquisition of Burgundy Asset Management for C$625 million in June 2025 and various fund launches or adjustments in May 2025, underscoring the parent organization's expansion in asset management amid competitive fixed income markets.