Montreal, December 7, 2022 – Desjardins Investments Inc. ("DI"), the manager of the Desjardins Funds, today announced changes to its mutual funds. The changes, described in detail below, concern the reduction of management fees and the decrease of trailing commission fees for the Z-Class Units of the Desjardins Funds. Class Z units are used by the Desjardins Foundation to invest amounts received by donors to support causes close to their hearts. These reductions make the creation of Desjardins Philanthropic Funds more accessible by donors to the Desjardins Foundation. 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 Two (2) Desjardins Funds
DI announced that it will be reducing management fees by up to 65 basis points for the Z-Class Units of two (2) Desjardins Funds, more specifically the SocieTerra Conservative Portfolio and the SocieTerra Balanced Portfolio, effective January 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:
The above-mentioned changes are subject to regulatory approval. DI reserves the right to defer implementation of said changes to a later date.
Decrease of trailing commission fees of the Z-Class Units
DI will decrease the annual rate for trailing commission fees of the Z-Class Units of two (2) Desjardins Finds, more specifically the SocieTerra Conservative Portfolio and the SocieTerra Balanced Portfolio, effective January 1st, 2023.
Desjardins Funds |
Class Units |
Current annual rate for trailing commissions |
Annual rate for trailing commissions starting January 1st, 2023 |
Reduction % |
SocieTerra Conservative Portfolio |
Z |
Up to 0.80% |
Up to 0.25% |
0.55% |
SocieTerra Balanced Portfolio |
Z |
Up to 0.90% |
Up to 0.25% |
0.65% |
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