BMO LGM Frontier Markets Equity Fund

Last Updated 11/01/2021

Shows hypothetical growth of $1000 since inception


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*represents total managed funds for the fund complex

About The Fund

From the Fund's Prospectus:

BMO LGM Frontier Markets Equity Fund (the "Fund") is a closed-end non-diversified management investment company. It was formed as a Delaware statutory trust on July 3, 2013, and is registered with the SEC. The Fund’s principal business is investing its assets by purchasing and selling securities on an ongoing basis.

Investment ObjectiveThe Fund’s investment objective is to provide capital appreciation. The Fund’s investment objective is non-fundamental and may be changed without shareholder approval.

Principal Investment Strategies: The Fund invests at least 80% of its assets in equity securities of foreign companies located in frontier markets or whose primary business activities or principal trading markets are in frontier markets. The Fund’s sub-adviser, Lloyd George Management (Europe) Limited (LGM(E)), considers frontier markets to be those markets in any country that is included in the MSCI Frontier Markets Index, certain countries in the MSCI Emerging Markets Index, and certain other countries that are not included in those indices. LGM(E) uses a “bottom-up,” research-driven approach in selecting stocks for the Fund’s portfolio based on criteria such as return on equity, liquidity, net debt, dividend yield and price-earnings ratio. This approach is complemented by a top-down screen to avoid or limit investments in countries with high risks of government expropriation of assets and high political instability risks. LGM(E) seeks to identify companies with, among other things, (1) the ability to generate return on invested capital above cost of capital, (2) prudent management that handles cash flow efficiently through reinvestment or return to shareholders, (3) low or no debt, (4) focus on domestic markets within the frontier markets country, (5) fair value with a good or at least average upside potential, (6) low risk of default, fraud or expropriation, and (7) reasonable liquidity in the context of frontier markets. To reduce risk, LGM(E) evaluates companies for corporate governance best practices and invests the Fund’s assets across different sectors, countries and regions.


Percentage and dollar changes represent the increase or decrease in the NAV from the preceding trading day.

Regulatory Materials

Prospectus - 2/27/2020 - BMO LGM Frontier Markets Equity Fund

BMO LGM Frontier Markets Equity Fund - Institutional


Annual Report - 2020 - BMO LGM Frontier Markets Equity Fund

BMO LGM Frontier Markets Equity Fund - Institutional