BMO Reduces Fees on Select ETFs and Updates Risk Ratings - Bank of Montreal (NYSE:BMO)

Core Insights - BMO Asset Management Inc. is reducing annual management fees on select BMO ETFs to enhance cost-effectiveness for Canadian investors [1] - The management fee reductions apply to three ETFs, with the BMO Equal Weight Global Gold Index ETF and BMO Junior Gold Index ETF decreasing from 0.55% to 0.40%, and the BMO Government Bond Index ETF decreasing from 0.15% to 0.09% [1] - Changes to risk ratings for certain BMO ETFs have been announced, reflecting an annual review and standardized risk classification methodology [2] Fee Reductions - The BMO Equal Weight Global Gold Index ETF (ZGD) will have its management fee reduced from 0.55% to 0.40% [1] - The BMO Junior Gold Index ETF (ZJG) will also see a fee reduction from 0.55% to 0.40% [1] - The BMO Government Bond Index ETF (ZGB) will have its management fee lowered from 0.15% to 0.09% [1] Risk Rating Changes - The risk rating for the BMO Covered Call Canadian Banks ETF (ZWB.U) has changed from High to Medium to High [2] - The BMO Long-Term US Treasury Bond Index ETF (ZTL.F) has seen its risk rating change from Low to Medium [2] - The BMO Low Volatility International Equity ETF (ZLI) and BMO Low Volatility US Equity ETF (ZLU) have both changed from Medium to Low to Medium [2] Distribution Frequency Change - The frequency of distribution for the BMO Government Bond Index ETF is changing from quarterly to monthly, effective immediately [2]