From sidewalks to skyscrapers, Bipan Rai, Massimo Bonansinga, and host, Andrew Vachon, drill down on the critical role infrastructure plays in economic growth and recovery. They also discuss how the sector has been impacted by the global trade war and share potential opportunities.

Andrew Vachon is VP of Product Marketing, BMO Global Asset Management (GAM). He is joined by Bipan Rai, Head of ETF Strategy, ETFs, BMO GAM, and Massimo Bonansinga, Portfolio Manager (Industrials & Utilities), Global Equity, BMO GAM. Recorded live on May 30, 2025.

Funds:

• BMO Global Infrastructure Index ETF (Ticker: ZGI)
• BMO Global Infrastructure Fund - F

Disclaimers:

The viewpoints expressed by the speakers represent their assessment of the markets at the time of publication. Those views are subject to change without notice at any time. The information contained hereinis not, and should not be construed as, investment, tax or legal advice to any party. Investments should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

Any statement that necessarily depends on future events may be a forward-looking statement. Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although such statements are based on assumptions that are believed to be reasonable, there can be no assurance that actual results will not differ materially from expectations. Investors are cautioned not to rely unduly on any forward-looking statements. In connection with any forward-looking statements, investors should carefully consider the areas of risk described in the most recent simplified prospectus.

The portfolio holdings and allocations are subject to change without notice.

It is not possible to invest directly in an Index.

Past performance is not indicative of future results. All investments involve risk. The value of an ETF or Mutual Fund can go down as well as up and you could lose money. The risk of an ETF or Mutual Fund is rated based on the volatility of the ETF’s or MF's returns using the standardized risk classification methodology mandated by the Canadian Securities Administrators. Historical volatility doesn’t tell you how volatile an ETF or Mutual Fund will be in the future. An ETF or Mutual Fund with a risk rating of “low” can still lose money.

For more information about the risk rating and specific risks that can affect an ETF’s returns, see the BMO ETFs’ simplified prospectus.

For more information about the risk rating and specific risks that can affect a Mutual Fund’s returns, see the BMO Mutual Fund’s simplified prospectus.

Commissions, management fees and expenses (if applicable) may be associated with investments in mutual funds and exchange traded funds (ETFs). Trailing commissions may be associated with investments in mutual funds. Please read the fund facts, ETF Facts or simplified prospectus of the relevant mutual fund or ETF before investing. Mutual funds and ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

For a summary of the risks of an investment in BMO Mutual Funds or BMO ETFs, please see the specific risks set out in the simplified prospectus of the relevant mutual fund or ETF. BMO ETFs trade like stocks, fluctuate inmarket value and may trade at a discount to their net asset value, which may increase the risk of loss. Distributions are not guaranteed and are subject to change and/or elimination.

This podcast is for information purposes. The information contained herein is not, and should not be construed as, investment, tax or legal advice to any party. Particular investments and/or trading strategies should be evaluated relative to the individual’s investment objectives and professional advice should be obtained with respect to any circumstance.

“BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence.