Q: Is it a good one
5i Research Answer:
MER is 1.72%, and since-inception return 6.29%. Five year is 6.56%. It is a fairly standard balanced fund, with stock and bond exposure, and decent global diversification. US equities are only 19.6%, which helps diversification but has hurt performance in the past five years. For example VBAL, a balanced ETF, has a five year return of 8.45% as it has 28% US equities (much lower fees of 0.25% has also helped). But BMO703 has done what it has intended to do: offer an OK return in a conservative format. It did lose money in 2018 (3%) and 2022 (11%) but this was better than the markets on average. We would give it an OK, but not great, rating.