Quarterly Portfolio Disclosure BMO SHORT-TERM INCOME CLASS Summary of Investment Portfolio • As at June 30, 2015 Q3 Holdings * Portfolio Allocation % of Net Asset Value Issuer % of Net Asset Value

Corporate Bonds 64.7 Cash/Receivables/Payables 3.6 Government Bonds 26.9 Government of Canada, Treasury Bills, 0.616% Sep 10, 2015 2.7 Money Market Investments 4.8 407 International Inc., Series 10-D1, Medium Term Notes, Cash/Receivables/Payables 3.6 Secured, Subordinated, 3.870% Nov 24, 2017 2.3 Sun Life Financial Inc., Series A, Medium Term Notes, Total portfolio allocation 100.0 Fixed to Floating, Senior, Unsecured, Callable, 4.800% Nov 23, 2035 1.7 Government of Canada, Treasury Bills, 0.617% Jul 16, 2015 1.1 Holdings * Province of British Columbia, Promissory Notes, Issuer % of Net Asset Value 0.759% Sep 9, 2015 1.1 Government of Canada, 1.250% Feb 1, 2016 1.1 Government of Canada, 1.250% Mar 1, 2018 15.0 Canada Housing Trust, Mortgage Bonds, Total holdings as a percentage of net asset value 100.0 Series 41, Secured, 2.750% Jun 15, 2016 10.8 John Deere Canada Funding Inc., Series 13-03, Total net asset value $9.4 million Senior, Unsecured, 2.650% Jul 16, 2018 7.7 Toyota Credit Canada Inc., Medium Term Notes, * Represents the entire portfolio. Senior, Unsecured, 2.200% Oct 19, 2017 7.6 Daimler Canada Finance Inc., Senior, Unsecured, Notes, 2.280% Feb 17, 2017 7.0 GE Capital Canada Funding Company, Senior, Unsecured, Notes, 2.420% May 31, 2018 5.5 Royal Bank of Canada, Senior, Unsecured, Notes, 2.680% Dec 8, 2016 5.4 Wells Fargo Canada Corporation, Medium Term Notes, Unsecured, 3.700% Mar 30, 2016 5.4 Shaw Communications Inc., Senior, Unsecured, Notes, Unsubordinated, 6.150% May 9, 2016 5.0 Canadian Imperial Bank of Commerce, Deposit Notes, Senior, Unsecured, 3.950% Jul 14, 2017 4.5 Bank of Nova Scotia, Senior, Unsecured, Notes, 2.242% Mar 22, 2018 4.3 Canadian Imperial Bank of Commerce, Deposit Notes, Unsecured, 3.400% Jan 14, 2016 4.3 Manulife Bank of Canada, Deposit Notes, Unsecured, 4.680% Sep 12, 2016 3.9

This summary of investment portfolio may change due to the fund’s ongoing portfolio transactions. Updates are available quarterly. ® “BMO (M-bar roundel symbol)” is a registered trade-mark of Bank of Montreal, used under licence. BMO Mutual Funds are offered by BMO Investments Inc., a financial services firm and separate legal entity from Bank of Montreal. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the fund facts or prospectus before investing. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, the Régie de l’assurance-dépôts du Québec or by any other government deposit insurer. The value of mutual funds change frequently and past performance may not be repeated.

HOW TO REACH US: BMO Investments Inc., First Canadian Place, 43rd Floor, 100 King Street West, Toronto, Ontario, M5X 1A1 1-800-665-7700 • www.bmo.com/mutualfunds and 1-800-668-7327 • www.bmo.com/gam/ca