BMO Strategic Income Fund - Y (MRGIX)
BMO Strategic Income Fund - Y operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Milwaukee, WI, US. The stock last traded at $9.58, up 0.00% on the session, giving a market capitalisation of $113.2M. Its beta of 0.91 implies it has historically moved less than the broad market.
The BMO Strategic Income Fund - Y endeavors to achieve the highest possible overall financial return for investors, while also consistently generating a steady stream of current income. The fund primarily allocates its capital to a diverse array of debt instruments issued by entities in the United States and global markets, including those in rapidly developing nations. Its investment scope is broad, encompassing various types of fixed-income securities: both fixed and variable interest rate obligations. This includes higher-rated corporate bonds, sovereign debt from the U.S. (Treasury, agency, and municipal securities), foreign governments (including those designed to protect against inflation), and even higher-yielding, lower-rated corporate debt, often referred to as "junk bonds." The fund may also invest in hybrid securities like convertible bonds and preferred stock, as well as securitized assets such as mortgage-backed and asset-backed securities.
BMO Strategic Income Fund - Y is most often compared with the following Financial Services names: