Toronto-based BMO Investments Inc. is making changes to its product lineup, which will see the reduction of fees for some exchange-traded funds and mutual funds as well as a proposal to merge a number of other funds.

The following products will have their annual management fees reduced on July 15:

> BMO Global Low Volatility ETF Class Series A

> BMO Global Low Volatility ETF Class Series F

> BMO Global Low Volatility ETF Class Advisor Series

> BMO Global Low Volatility ETF Class Series T6

> BMO Dividend Fund Series D

> BMO U.S. High Yield Bond Fund Series A

> BMO U.S. High Yield Bond Fund Series F

> BMO U.S. High Yield Bond Fund Advisor Series

The new fees will range from 0.45% to 1.6%, according to the firm’s announcement released Friday.

BMO Investments is also reducing the administration fee on BMO U.S. High Yield Bond Fund to 0.25% and BMO Diversified Income Portfolio to 0.2%.

The firm is also proposing to terminate five products and have investors of those funds receive securities of the corresponding continuing fund.

The affected products are:

> BMO Canadian Low Volatility ETF Class, which will terminate on Sept. 23. The continuing fund is BMO Global Low Volatility ETF Class.

> BMO High Yield Bond Fund, which will terminate Oct. 14. The continuing fund is BMO U.S. High Yield Bond Fund.

> BMO Enhanced Equity Income Fund, which will terminate Sept. 23. The continuing fund is BMO Dividend Fund.

> BMO Canadian Diversified Monthly Income Fund, which will terminate Oct. 14. The continuing fund is BMO Diversified Income Portfolio.

> BMO Global Monthly Income Fund, which will terminate Sept. 23. The continuing fund is BMO Global Diversified Fund.

Approval from the unitholders of the terminating products will be sought at meetings to be held on or about Sept. 16.

Further details on the fee reductions and the proposed fund mergers can be found through the firm’s announcement.

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