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BMO Ultra Short Tax-Free I MUISX

Analyst rating as of
NAV / 1-Day Return
10.09  /  0.00 %
Total Assets
581.0 Mil
Adj. Expense Ratio
0.300%
Expense Ratio
0.300%
Fee Level
Low
Longest Manager Tenure
6.17 years
Category
Muni National Short
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
0.65%
Effective Duration
0.70 years
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Morningstar’s Analysis

Will MUISX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

This strategy is expected to merge into Columbia Ultra Short Municipal Bond.

Senior Analyst

Summary

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BMO Ultra Short Tax-Free is expected to merge into the newly registered Columbia Ultra Short Municipal Bond by early 2022. While there are unknown details regarding the long-term management of the fund, the incoming team at Columbia announced that the new fund will mirror the investment strategy of the merging BMO fund. That brings some short-term comfort regarding the stability of the investor experience here, yet we’ll continue to monitor developments as they emerge in the coming weeks. For now, this BMO strategy retains a Morningstar Analyst Rating of Neutral on all share classes.

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