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Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Distributions paid as a result of capital gains realized by a BMO Mutual Fund, and income and dividends earned by a BMO Mutual Fund, are taxable in your hands in the year they are paid. If distributions paid by a BMO Mutual Fund are greater than the performance of the investment fund, your original investment will shrink. Legal and regulatory disclosures.