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1) Paula went to the Bank of Montreal (BMO) and opened a Tax-Free Savings Account (TFSA). She is looking to purchase one of their mutual

1) Paula went to the Bank of Montreal (BMO) and opened a Tax-Free Savings Account (TFSA). She is looking to purchase one of their mutual funds as she has $650 to invest now and is planning on saving $75 out of her monthly pay cheque to further invest on a regular basis in the same fund. Paula is researching the BMO US Equity Fund. She is looking for a medium risk fund that invests in American companies. She does not want the Management Expense Ratio (MERs) to be over 2.50% and wants a mutual fund that is no load with no trailing commissions or trailer fees. Does the BMO U.S. Equity Fund Series A meet her criteria? a) True b) False

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