Desjardins Investments Makes Changes to Its Mutual Fund Lineup
Montreal, April 24, 2024 – Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announces changes to its mutual fund lineup. The changes, described in detail below, include the replacement of the portfolio sub-manager, an amendment to the investment strategies of the Desjardins Canadian Equity Value Fund and a change of the name of the Fund. In addition, DI will proceed with the capping of the Wise Fixed Income Portfolio.
DI regularly reviews its mutual fund's offer to ensure they continue to meet the evolving investment needs of financial advisors and investors.
Changes to the Desjardins Canadian Equity Value Fund
DI announces the replacement the portfolio sub-manager, LSV Asset Management, by Desjardins Global Asset Management Inc. (“DGAM”), the Portfolio Manager of the Desjardins Funds, who will be responsible for the management of the portfolio assets of the Fund.
In addition, DI approved changes to the investment strategies of the Fund to better reflect the investment philosophy of DGAM as the Portfolio Manager of the Fund. As a result of this change, the assets of the Fund will be invested in securities reflecting the high-conviction approach of DGAM. However, both the fundamental investment objective and the risk rating of the Fund remain unchanged.
The existing Desjardins Canadian Equity Value Fund will also be renamed the Desjardins Canadian Equity Focused Fund in connection with the above-mentioned changes to better reflect the new investment strategies of the Fund.
These changes will take effect on or around June 3rd, 2024, subject to approval from the regulatory authorities.
Capping of the Wise Fixed Income Portfolio
DI announces that it will proceed with the capping of the Wise Fixed Income Portfolio as of 4 p.m. (Eastern Time) on April 26, 2024. The Portfolio will therefore be closed to new investors and any additional investment in units of the Portfolio, except for investments made by periodic payments.
Holders of units of the Wise Fixed Income Portfolio can contact their advisor to obtain additional information.
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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