BMO Strategic Income Fund - Y (MRGIX) Research

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.

Market snapshot

Symbol
MRGIX
Price
$9.58
Day change
0.00%
Market cap
$113.2M
52-week range
9.57-9.85
Sector
Financial Services
Industry
Asset Management - Income

Peer companies

  • American Century Zero Coupon 2020 Fund Advisor Class (ACTEX)
  • American Beacon Mid-Cap Value Fund Investor Class (AMPAX)
  • BlackRock Total Emerging Markets Fund Investor A (BEEAX)
  • BNY Mellon Structured Midcap Fund Class C (DPSCX)
  • BNY Mellon Structured MidCap Fund Class Y (DPSYX)
  • Hotchkis & Wiley Diversified Value Fund Class C (HWCCX)
  • JPMorgan Opportunistic Equity Long/Short Fund - A (JOELX)
  • DWS Strategic Municipal Income Trust (KSM)

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