Quarterly Portfolio Disclosure BMO Private Canadian Income Equity Portfolio Summary of Investment Portfolio As at March 31, 2021

% of Net Top 25 Holdings % of Net Portfolio Allocation Asset Value Issuer Asset Value Financials 39.9 Royal Bank of 8.5 Industrials 15.4 -Dominion Bank, The, 8.1 Utilities 10.4 Brookfield Asset Management Inc., Class A 7.2 Energy 8.0 Canadian National Railway Company 6.6 Materials 7.0 Bank of Nova Scotia, The, 6.4 Real Estate 5.4 Brookfield Infrastructure Partners L.P. 4.3 Consumer Staples 4.3 Financial Corporation 4.2 Communication Services 4.2 Inc. 3.9 Consumer Discretionary 2.8 Waste Connections, Inc. 3.8 Cash/Receivables/Payables 2.6 Intact Financial Corporation 3.2 Total portfolio allocation 100.0 Inc., Class B 3.1 Inc. 2.8 TC Energy Corporation 2.7 Franco-Nevada Corporation 2.7 Cash/Receivables/Payables 2.6 WSP Global Inc. 2.6 Northland Power Inc. 2.2 Ltd. 2.2 CCL Industries Inc., Class B 2.2 Algonquin Power & Utilities Corp. 2.0 Alimentation Couche-Tard Inc., Class B 2.0 Fortis Inc. 1.9 Canadian Apartment Properties REIT 1.7 Limited 1.5 Allied Properties REIT 1.4 Top holdings as a percentage of total net asset value 89.8 Total Net Asset Value $2,645,825,583

The summary of investment portfolio may change due to the Portfolio’s ongoing portfolio transactions. Updates are available quarterly.

BMO Private Banking is part of BMO Wealth Management and is a brand name under which banking services are offered through , investment management services are offered through BMO Private Investment Counsel Inc., a wholly-owned indirect subsidiary of Bank of Montreal, and estate, trust, planning and custodial services are offered through BMO Trust Company, a wholly-owned subsidiary of Bank of Montreal. BMO Wealth Management is a brand name that refers to Bank of Montreal and certain of its affiliates in providing wealth management products and services. BMO (M-bar roundel symbol), BMO Private Banking registered trademarks, and BMO Wealth Management trademark are owned by Bank of Montreal, used under license.

BMO Private Investment Counsel Inc. 1 First Canadian Place, 100 King St. W., 41st Floor Toronto, M5X 1H3 1-855-852-1026 • www.bmoprivatebanking.com