Desjardins Investments Makes Changes to Its Mutual Fund Lineup
Montreal, September 11, 2024 – Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announces changes to its mutual fund lineup, and more particularly, a reduction of the management fees of the Desjardins Canadian Equity Income Fund and the Desjardins Canadian Equity Focused Fund.
DI regularly reviews its mutual fund's offer to ensure they continue to meet the evolving investment needs of financial advisors and investors.
Reduction of Management Fees for two Desjardins Funds
DI announces that it will be reducing by 5 basis points the management fees for S-Class Units of the Desjardins Canadian Equity Income Fund and the Desjardins Canadian Equity Focused Fund as described in the table below.
This change, which is also anticipated to become effective on or around October 1st, 2024, follows the management fees reduction announced on August 30, 2024, for the F-Class Units of these Funds.
| ACTUAL MANAGEMENT FEES % | MANAGEMENT FEES STARTING OCTOBER 1ST, 2024 % | REDUCTIONS % |
DESJARDINS FUNDS (S-CLASS UNITS) | |||
Canadian Equity Income Fund (S-Class Units) | 0.56 | 0.51 | (0.05) |
Canadian Equity Focused Fund (formerly Canadian Equity Value Fund) (S-Class Units) | 0.56 | 0.51 | (0.05) |
* Management fees before taxes.
The above-mentioned changes will be made subject to approval from the regulatory authorities. DI reserves the right to suspend or defer the 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.
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