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Portfolio funds and portfolio ETFsThe BMO Alternative Strategies Fund joins the 15 new funds BMO has already rolled out in "At BMO, we strive to offer a strong selection of. Fund summary. The Adviser seeks to provide attractive risk-adjusted returns over the long term, broad investment diversification, and maintain lower. The Fund seeks to maintain lower volatility relative to the broad equity and fixed income markets by strategically allocating its assets among a variety of.