Desjardins Investments Makes Changes to Its Mutual Fund Lineup
Montreal, September 1st, 2023 – Desjardins Investments Inc. ("DI"), the manager of the Desjardins Funds, today announced changes to its mutual funds. The changes, described in detail below, concern management fee reductions. DI regularly reviews its mutual fund's offer to ensure they continue to meet the evolving investment needs of financial advisors and investors.
Management Fee Reductions for 5 Desjardins Funds
DI announced that it will be reducing management fees by up to 19 basis points for some unit classes of 5 Desjardins Funds, effective October 1st, 2023. 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 unit classes of the Desjardins Funds that are affected:
Desjardins Funds (A-, T-, C- and R-Class Units) |
A-, T-, C- and R- Class Units |
Current management fees, before taxes % |
Management fees starting October 1st, 2023, before taxes % |
Reduction % |
Desjardins Money Market Fund |
A and C |
0.90% |
0.71% |
0.19% |
Desjardins Global Total Return Bond Fund |
A and C |
1.22% |
1.19% |
0.03% |
Desjardins SocieTerra Environmental Bond Fund |
A and C |
1.22% |
1.19% |
0.03% |
Desjardins Floating Rate Income Fund |
A and C |
1.29% |
1.25% |
0.04% |
Desjardins Funds (F-and S- Class Units) |
F-and S- Class Units |
Current management fees, before taxes % |
Management fees starting October 1st, 2023, before taxes % |
Reduction % |
Desjardins SocieTerra Cleantech Fund |
F |
1.00% |
0.95% |
0.05% |
Desjardins Funds (D-Class Units) |
D-Class Units |
Current management fees, before taxes % |
Management fees starting October 1st, 2023, before taxes % |
Reduction % |
Desjardins Money Market Fund |
D |
0.65% |
0.46% |
0.19% |
Desjardins Global Total Return Bond Fund |
D |
0.72% |
0.69% |
0.03% |
Desjardins SocieTerra Environmental Bond Fund |
D |
0.72% |
0.69% |
0.03% |
Desjardins Floating Rate Income Fund |
D |
0.79% |
0.75% |
0.04% |
The above-mentioned changes are subject to regulatory approval. DI reserves the right to defer implementation of said changes to a later date.
Desjardins Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Desjardins Funds are offered by registered dealers.
For further information (media inquiries only):
Public Relations
514-281-7000 or 1-866-866-7000. ext. 5553436
media@desjardins.com