The BMO Balanced Allocation Fund - Y aims to deliver a comprehensive investment return, generated through both capital appreciation and income. It typically achieves this by investing in a diversified portfolio of other funds, generally allocating approximately 60% of its total holdings to those focused on equity securities and around 40% to those concentrated in fixed income investments. However, under normal market conditions, the fund maintains the flexibility to adjust these allocations within specific ranges: 50% to 70% in equity-focused funds and 30% to 50% in fixed income-focused funds.