The value of investors' investments in the units of the relevant Desjardins Funds as well as the distribution amounts and the returns published in the documentation relating to the Desjardins Funds, are not affected in any way.
Montreal, February 9, 2023 – Desjardins Investments Inc. ("DI"), the manager of the Desjardins Funds, today announced that during the comparative review of certain values for disclosure purposes, errors were noted in the trading expense ratio presented in the "Ratios and Supplemental Data" tables in the Desjardins Funds Annual Management Report of Fund Performance as at September 30, 2022.
The error in the trading expense ratio disclosure affects certain classes of units of the Desjardins Funds listed in the table below. The value of investors' investments in the units of the relevant Desjardins Funds as well as the distribution amounts and the returns published in the documentation relating to the Desjardins Funds, are not affected in any way.
With a view to continuous improvement, DI is reviewing its processes for disclosure in the Management Report of Fund Performance and has implemented additional controls to ensure the accuracy of the information disclosed.
Here's a list of the Desjardins Funds unit classes affected:
Desjardins Funds (A-, C- and I-Class Units) |
Class Units |
Published trading expense ratio |
Corrected trading expense ratio |
Difference % |
Desjardins SocieTerra Canadian Equity Income Fund |
I |
0.00% |
0.04% |
(0.04%) |
Desjardins SocieTerra American Small Cap Equity Fund |
A |
0.00% |
0.17% |
(0.17%) |
Desjardins SocieTerra American Small Cap Equity Fund |
C |
0.00% |
0.17% |
(0.17%) |
Desjardins SocieTerra American Small Cap Equity Fund |
I |
0.00% |
0.17% |
(0.17%) |
Desjardins SocieTerra Low Volatility Global Equity Fund |
I |
0.00% |
0.18% |
(0.18%) |
Desjardins SocieTerra Global Dividend Fund |
I |
0.00% |
0.38% |
(0.38%) |
Desjardins SocieTerra International Small Cap Equity Fund |
A |
0.00% |
0.23% |
(0.23%) |
Desjardins SocieTerra International Small Cap Equity Fund |
C |
0.00% |
0.23% |
(0.23%) |
Desjardins SocieTerra International Small Cap Equity Fund |
I |
0.00% |
0.23% |
(0.23%) |
Desjardins Funds (F-Class Units) |
Class Units |
Published trading expense ratio |
Corrected trading expense ratio |
Difference % |
Desjardins SocieTerra American Small Cap Equity Fund |
F |
0.00% |
0.17% |
(0.17%) |
Desjardins SocieTerra International Small Cap Equity Fund |
F |
0.00% |
0.23% |
(0.23%) |
Desjardins Funds (D-Class Units) |
Class Units |
Published trading expense ratio |
Corrected trading expense ratio |
Difference % |
Desjardins SocieTerra American Small Cap Equity Fund |
D |
0.00% |
0.17% |
(0.17%) |
Desjardins SocieTerra International Small Cap Equity Fund |
D |
0.00% |
0.23% |
(0.23%) |
Desjardins Funds (W-Class Units) |
Class Units |
Published trading expense ratio |
Corrected trading expense ratio |
Difference % |
Desjardins SocieTerra Canadian Equity Income Fund |
W |
0.00% |
0.04% |
(0.04%) |
Desjardins SocieTerra American Small Cap Equity Fund |
W |
0.00% |
0.17% |
(0.17%) |
Desjardins SocieTerra Low Volatility Global Equity Fund |
W |
0.00% |
0.18% |
(0.18%) |
Desjardins SocieTerra Global Dividend Fund |
W |
0.00% |
0.38% |
(0.38%) |
Desjardins SocieTerra International Small Cap Equity Fund |
W |
0.00% |
0.23% |
(0.23%) |
About Desjardins Investments Inc.
Desjardins Investments Inc., manager of the Desjardins Funds, is one of Canada's largest mutual fund manufacturers, with $39.25 billion in assets under management as at December 31, 2022. DI offers a broad range of investment funds to Canadian investors and stands out in the industry, among others, through its world-renowned portfolio managers mandated by Desjardins Global Asset Management Inc., the portfolio manager of the Desjardins Funds, representing more than 20 asset management companies around the world. In addition, DI is one of the most committed actors in promoting and advancing responsible investment in Canada.
The 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. The Desjardins Funds are offered by registered dealers.
For further information (media inquiries only):
Public Relations
Desjardins Group
514-281-7000 or 1-866-866-7000, ext. 5553436
media@desjardins.com