BMO Pyrford International Stock Fund Class I (MISNX) is a mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of companies located outside the United States. The fund normally invests at least 80% of its net assets in non-U.S. equities, with a focus on large-cap value stocks exhibiting low absolute volatility relative to the MSCI EAFE Index; it maintains a diversified portfolio across sectors and regions, including Europe, Asia-Pacific, and emerging markets, while holding minimal cash and no U.S. stocks or bonds. Class I shares (MISNX) target institutional investors with a minimum investment of $1,000,000, alongside other share classes such as Class A (BPIAX) and Class R6 (BISGX).
Managed by BMO Asset Management Inc. in collaboration with Pyrford International, the fund emphasizes a systematic, risk-controlled approach to generate stable real returns through high-quality international equities selected for downside protection and fundamental strength. Operations span global markets excluding the U.S., with primary exposure to developed Europe and Japan; the strategy employs low portfolio turnover of approximately 14% to minimize trading costs. The fund, launched in 2011, is part of BMO Funds Series Trust II and domiciled in the United States.
Pyrford International, the fund's investment adviser, was founded in 1987 and acquired by BMO Financial Group in 2007, integrating it into BMO's asset management platform while preserving its independent boutique philosophy. In January 2024, BMO Asset Management Inc. assumed direct portfolio management responsibilities from Columbia Management Investment Advisers, LLC, for related BMO international equity products, ensuring continuity in investment strategy without alterations to objectives or risks. As of late 2025, the fund manages approximately $215 million in assets under management.