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Desjardins Investments Makes Changes to Its Mutual Fund Lineup

by Ozva Admin

MONTREAL, September 1, 2022 /CNW Telbec/ – Desjardins Investments Inc. (“DI”), the manager of Desjardins Funds, today announced changes to its mutual funds. The changes, which are described in detail below, concern the introduction of new class units for certain funds, an increase in the percentage cap certain funds may invest in foreign securities, and reductions in administration fees. DI regularly reviews its mutual fund offerings to ensure they continue to meet the evolving investment needs of financial advisors and investors.

Introduction of new class units

DI has announced that, the October 3dr2022, will launch new class units for Desjardins Canadian Equity Fund and Desjardins International Equity Value Fund, as described below.

Desjardins Backgrounds

Current class units

New class units

Desjardins Canadian Equity Fund

A, C and F

W

Desjardins International Equity Value Fund

me and w

A, C, F and D


The addition of new class units to the Desjardins International Equity Value Fund will enrich the Desjardins Funds range and thus complete the international equity fund offerings for our members and clients.

Increase in Investments in Foreign Securities

DI announced that, as of October 1stSt., 2022, intends to change the investment strategies of the Desjardins Dividend Income Fund and the Desjardins Canadian Equity Income Fund. More specifically, it intends to increase the percentage limit that each Fund may invest in foreign securities, as described below. These increases will allow Desjardins Dividend Income Fund and Desjardins Canadian Equity Income Fund to increase their exposure to sectors and stocks less present in Canada proportionately and thus improve the diversification of the aforementioned funds for our members and clients.

Desjardins Backgrounds

Limit % current abroad
values

New % foreign securities limit

Desjardins Dividend Income Fund

twenty %

25%

Desjardins Canadian Equity Fund

0%

fifteen %


Management fee reductions for 25 Desjardins funds

DI announced that it will reduce management fees by up to 18 basis points for some share classes of 25 Desjardins Funds, effective October 1stSt.2022. These changes reflect DI’s commitment to offering competitively priced actively managed investment funds with access to world-class portfolio managers.

Below is the list of the Desjardins Funds unit classes that are affected:

Desjardins funds (class A, T, C, R and Z units)

A-, T-, C-
R- and Z-
class units

Current
management
fees, before
taxes %

management
rates starting
October 1stSt.2022,
before taxes %

Reduction

%

Desjardins Global Total Return Bond Fund

A and C

1.25%

1.22%

0.03%

Desjardins SocieTerra environmental bond fund

A and C

1.25%

1.22%

0.03%

Desjardins Floating Rate Income Fund

A and C

1.35%

1.29%

0.06%

Desjardins Global Tactical Bond Fund

A and C

1.45%

1.39%

0.06%

Desjardins SocieTerra Global Balanced Fund

A and C

1.84%

1.79%

0.05%

Desjardins Dividend Growth Fund

A, T, C and R

1.70%

1.65%

0.05%

Desjardins Canadian Equity Fund

A, T, C and R

1.70%

1.65%

0.05%

Desjardins Canadian Equity Fund

A and C

1.70%

1.65%

0.05%

Desjardins Canadian Equity Value Fund

A, T, C and R

1.70%

1.65%

0.05%

Canadian Equity Fund Desjardins SocieTerra

A and C

1.70%

1.65%

0.05%

Desjardins Overseas Equity Fund

A and C

1.79%

1.75%

0.04%

Desjardins Overseas Equity Growth Fund

A and C

1.80%

1.75%

0.05%

Desjardins SocieTerra International Equity Fund

A and C

1.80%

1.75%

0.05%

Desjardins Global Dividend Fund

A, T, C and R

1.90%

1.72%

0.18%

Desjardins Low Volatility Global Equity Fund

A and C

1.77%

1.72%

0.05%

Desjardins Global Equity Fund

A, T, C and R

1.85%

1.72%

0.13%

Desjardins SocieTerra Global Opportunities Fund
(formerly Desjardins SocieTerra Environnement Fund)

A and C

1.85%

1.75%

0.10%

Positive Exchange Fund Desjardins SocieTerra

A and C

1.85%

1.72%

0.13%

Desjardins SocieTerra Diversity Fund

A and C

1.85%

1.72%

0.13%

Desjardins Global Small Cap Equity Fund

A and C

1.95%

1.91%

0.04%

Desjardins funds (class F and S units)

Fy S-
class
units

Current
management
fees, before
taxes %

management
rates starting
October 1stSt.,
2022, before
taxes %

Reduction

%

Desjardins SocieTerra environmental bond fund

F

0.60%

0.57%

0.03%

Desjardins Dividend Growth Fund

F and S

0.65%

0.56%

0.09%

Desjardins Canadian Equity Fund

F and S

0.65%

0.56%

0.09%

Desjardins Canadian Equity Fund

F

0.65%

0.56%

0.09%

Desjardins Canadian Equity Value Fund

F and S

0.65%

0.56%

0.09%

Canadian Equity Fund Desjardins SocieTerra

F

0.65%

0.56%

0.09%

Desjardins Canadian Small Cap Equity Fund

F

0.84%

0.75%

0.09%

Desjardins US Equity Value Fund

F

0.75%

0.67%

0.08%

Desjardins US Equity Growth Fund

F

0.75%

0.67%

0.08%

Desjardins American Equity Growth Currency Neutral Fund

F

0.75%

0.67%

0.08%

Desjardins Overseas Equity Growth Fund

F

0.75%

0.72%

0.03%

Desjardins SocieTerra International Equity Fund

F

0.75%

0.72%

0.03%

Desjardins Global Dividend Fund

F and S

0.75%

0.67%

0.08%

Desjardins Global Equity Growth Fund

F

0.72%

0.67%

0.05%

Desjardins Global Equity Fund

F and S

0.72%

0.67%

0.05%

Positive Exchange Fund Desjardins SocieTerra

F

0.72%

0.67%

0.05%

Desjardins SocieTerra Diversity Fund

F

0.72%

0.67%

0.05%

Desjardins Global Small Cap Equity Fund

F

0.85%

0.75%

0.10%

Desjardins Funds (Class D Units)

Class D
Units

Current
management
fees, before
taxes %

management
rates starting
October 1stSt.,
2022, before
taxes %

Reduction

%

Desjardins Global Total Return Bond Fund

D

0.75%

0.72%

0.03%

Desjardins SocieTerra environmental bond fund

D

0.75%

0.72%

0.03%

Desjardins Floating Rate Income Fund

D

0.85%

0.79%

0.06%

Desjardins Global Tactical Bond Fund

D

0.95%

0.89%

0.06%

Desjardins SocieTerra Global Balanced Fund

D

0.84%

0.79%

0.05%

Desjardins Dividend Growth Fund

D

0.70%

0.65%

0.05%

Desjardins Canadian Equity Fund

D

0.70%

0.65%

0.05%

Desjardins Canadian Equity Fund

D

0.70%

0.65%

0.05%

Desjardins Canadian Equity Value Fund

D

0.70%

0.65%

0.05%

Canadian Equity Fund Desjardins SocieTerra

D

0.70%

0.65%

0.05%

Desjardins Overseas Equity Fund

D

0.79%

0.75%

0.04%

Desjardins Overseas Equity Growth Fund

D

0.80%

0.75%

0.05%

Desjardins SocieTerra International Equity Fund

D

0.80%

0.75%

0.05%

Desjardins Low Volatility Global Equity Fund

D

0.77%

0.72%

0.05%

Desjardins Global Dividend Fund

D

0.90%

0.72%

0.18%

Desjardins Global Equity Fund

D

0.85%

0.72%

0.13%

Desjardins SocieTerra Global Opportunities Fund (formerly Desjardins SocieTerra Environnement Fund)

D

0.85%

0.75%

0.10%

Positive Exchange Fund Desjardins SocieTerra

D

0.85%

0.72%

0.13%

Desjardins SocieTerra Diversity Fund

D

0.85%

0.72%

0.13%

Desjardins Global Small Cap Equity Fund

D

0.95%

0.91%

0.04%

The changes mentioned above are subject to regulatory approval. DI reserves the right to defer the implementation of such changes to a later date.

About Desjardins Investments Inc.

Desjardins Investments Inc., manager of Desjardins Funds, is one of Canada largest mutual fund makers, with $40.9 billion in assets under management. DI offers a wide range of investment funds to Canadian investors and stands out in the industry, among others, through its world-renowned portfolio managers who represent more than 20 asset management companies worldwide. In addition, DI is one of the most committed actors in promoting and advancing responsible investment in Canada.

About the Desjardins Group

Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $404 billion. In 2022, he was named one of Canada Top 100 Employers by Mediacorp. To meet the diverse needs of its members and customers, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries around the world. Canada. Ranked among the strongest banks in the world by The banker magazine, Desjardins has some of the highest capital ratios and credit ratings in the industry.

SOURCE Desjardins Group

For more information: (media inquiries only): Public Relations, 514-281-7000 or 1-866-866-7000. ext. 5553436, [email protected]

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