BMO Strategic Income Fund - Y
MRGIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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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 11, 1992
- CIK
- 0000889366
- Similar Companies
- Business
- BMO Strategic Income Fund - Y (MRGIX) is an open-end mutual fund managed by BMO Funds that seeks to maximize total return consistent with current income by investing primarily in U.S. and foreign debt securities, including those in emerging markets; debt securities encompass all types of fixed- and floating-rate instruments across various sectors and credit qualities. The fund targets institutional investors through its Class Y shares and maintains a diversified portfolio focused on income generation and capital appreciation via bonds, notes, and other fixed-income products from government, corporate, and securitized issuers globally. Incorporated in the USA with an inception date of December 14, 1992, the fund operates under BMO Global Asset Management, headquartered in Chicago, Illinois, serving investors across North America with net assets of approximately $113.24 million as of the latest reporting. The fund's core offerings include high-yield and investment-grade bonds; mortgage-backed securities; emerging market debt; U.S. Treasuries and agency securities; and floating-rate loans, with allocations adjusted dynamically to optimize yield and manage duration risk in response to interest rate environments. It provides monthly income distributions where applicable, emphasizing total return through a blend of current yield and potential price appreciation, while employing active management to navigate credit and geopolitical risks in international markets. In recent developments, the fund has shown no major terminations, mergers, or liquidations, unlike certain other BMO products announced for closure in early 2025; instead, it continues active operations amid broader BMO fixed-income strategy enhancements, including management fee adjustments for related yield-focused funds effective January 31, 2025, aimed at improving competitiveness. BMO Investments Inc. reported year-to-date returns of 1.19% and a yield of 3.43% for MRGIX, reflecting resilience in a volatile rate environment, with no new product launches or acquisitions directly tied to this specific share class in the last 1-2 years. The fund benefits from BMO's overarching fixed-income expertise, including tactical positioning in U.S. rates and structured products as evidenced in affiliated strategies through mid-2025.