Monocytes are short-lived myeloid immune cells that arise from adult haematopoiesis and circulate in the blood after maturation. Monocytes comprise two main subsets, that are in mice defined as classical Ly6Chigh and non-classical Ly6Clow cells (CM, NCM). Recent transcriptomic analyses suggest that CM themselves are heterogeneous. Here, we report surface markers that allow segregation of murine neutrophil-like and DC-like CM (NeuMo, DCMo) in the BM and blood. Functional characterization, including fate definition following adoptive cell transfer, established that NeuMo and DCMo can give equal rise to homeostatic CM progeny, such as NCM and gut macrophages. Fates differed, however, in selected other tissues, such as the lungs and brain meninges. Collectively, we provide comprehensive evidence for the existence of two functionally distinct CM subsets in the mouse, which differentially contribute to peripheral tissue macrophage populations, indicative of impact of monocyte ontogeny on in situ differentiation.