Investment adviser · CRD 154475

MONTRUSCO BOLTON INVESTMENTS INC.

Investment adviser filing (IA)

MONTREAL, QUEBEC, Canada · Form ADV filed Mar 31, 2026

Regulatory AUM: $12.9B
Client accounts: 564
Employees: 68
Advisory professionals: 16

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Banks & thrifts	Fewer than 5	$4,667,704,369	36.1%
Pooled investment vehicles	258	$3,900,281,441	30.2%
Investment companies	19	$2,117,933,844	16.4%
Government entities	Fewer than 5	$1,187,920,815	9.2%
Retirement plans	14	$550,863,772	4.3%
Charities	20	$315,339,559	2.4%
Corporations & businesses	16	$132,648,542	1.0%
Insurance companies	6	$41,106,869	0.3%
High-net-worth individuals	10	$20,349,441	0.2%

Filing source

Form ADV 2065191 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

15 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

MONTRUSCO BOLTON GLOBAL EQUITY FUNDPrivate Equity Fund · Last reported Mar 31, 2026$739MGross asset value

Form D fundraising filings

Montrusco Bolton Canadian All Capitalization Equity Fund

Fund administrator NATCAN TRUST COMPANY MONTREAL, QUEBEC, Canada Investor statements: Some (provided to some but not all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP MONTREAL, QUEBEC, Canada

Custodian NATCAN TRUST COMPANY MONTREAL, QUEBEC, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 1263

Fund details & source

Fund ID: 805-7444838311
Reported beneficial owners: 211
Minimum commitment: $150K
Form D file number: 021-211324

Form ADV 2065191 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MONTRUSCO BOLTON U.S. EQUITY FUNDPrivate Equity Fund · Last reported Mar 31, 2026$28.1MGross asset value

Fund administrator NATCAN TRUST COMPANY MONTREAL, QUEBEC, Canada Investor statements: Some (provided to some but not all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP MONTREAL, QUEBEC, Canada

Custodian NATCAN TRUST COMPANY MONTREAL, QUEBEC, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 1263

Fund details & source

Fund ID: 805-2170242360
Reported beneficial owners: 62
Minimum commitment: $150K
Form D file number: 021-211324

Form ADV 2065191 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MONTRUSCO BOLTON CANADIAN SMALL CAPITALIZATION EQUITY FUNDOther Private Fund · Last reported Feb 28, 2013$517MGross asset value

No provider names available in this fund's imported disclosure.

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-4510665972
Reported beneficial owners: 576
Minimum commitment: $150K

Form ADV 699703 · Feb 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MONTRUSCO BOLTON FIXED INCOME FUNDOther Private Fund · Last reported Feb 28, 2013$166MGross asset value

No provider names available in this fund's imported disclosure.

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-1256894878
Reported beneficial owners: 525
Minimum commitment: $150K

Form ADV 699703 · Feb 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MONTRUSCO BOLTON EQUITY INCOME FUNDOther Private Fund · Last reported Feb 28, 2013$129MGross asset value

No provider names available in this fund's imported disclosure.

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-7201275107
Reported beneficial owners: 633
Minimum commitment: $150K

Form ADV 699703 · Feb 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MONTRUSCO BOLTON CANADIAN ALL CAPITALIZATION EQUITY FUNDPrivate Equity Fund · Last reported Aug 11, 2016$129MGross asset value

Fund administrator NATCAN TRUST COMPANY MONTREAL, Canada Investor statements: Some (provided to some but not all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP MONTREAL, Canada

Custodian NATCAN TRUST COMPANY MONTREAL, Canada Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-3615826449
Reported beneficial owners: 13
Minimum commitment: $150K
Form D file number: 021-211324

Form ADV 1016346 · Aug 11, 2016 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

MONTRUSCO BOLTON QUANTITATIVE CANADIAN EQUITY FUNDHedge Fund · Last reported Feb 28, 2013$101MGross asset value

No provider names available in this fund's imported disclosure.

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-3332295273
Reported beneficial owners: 598
Minimum commitment: $150K

Form ADV 699703 · Feb 28, 2013 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Individual portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

1501 MCGILL COLLEGE AVENUE, SUITE 1200
MONTREAL, QUEBEC, H3A 3M8, Canada

CRD 154475

Filing source

Form ADV 2065191 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.