Desjardins announces unitholder meeting approval for ETF changes
Montreal, September 13, 2023 – Desjardins Global Asset Management Inc. (DGAM), acting as manager and portfolio advisor for Desjardins Exchange Traded Funds (Desjardins ETFs), today announced that it has received unitholder approval at the special meetings of the unitholders held on September 13, 2023 to amend the investment objectives of Desjardins RI Canada Multifactor - Low CO2 ETF, Desjardins RI USA Multifactor - Low CO2 ETF, Desjardins RI Developed ex-USA ex-Canada Multifactor - Low CO2 ETF, Desjardins RI Emerging Markets Multifactor - Low CO2 ETF, Desjardins RI Global Multifactor - Fossil Fuel Reserves Free ETF, Desjardins RI Canada - Low CO2 Index ETF, Desjardins RI USA - Low CO2 Index ETF, Desjardins RI Active Canadian Bond - Low CO2 ETF, Desjardins RI Developed ex-USA ex-Canada - Low CO2 Index ETF and Desjardins RI Emerging Markets - Low CO2 Index ETF (collectively, the ETFs). DGAM believes that the changes will benefit unitholders by allowing our ETFs to attain their investment objectives through the use of an improved portfolio construction process and a modernised responsible investment approach.
The above and following changes will be implemented on or about September 15, 2023:
- The names of the ETFs will be changed as follows:
Current Name |
New Name |
Desjardins RI Canada Multifactor - Low CO2 ETF |
Desjardins RI Canada Multifactor - Net-Zero Emissions Pathway ETF |
Desjardins RI USA Multifactor - Low CO2 ETF |
Desjardins RI USA Multifactor - Net-Zero Emissions Pathway ETF |
Desjardins RI Developed ex-USA ex-Canada Multifactor - Low CO2 ETF |
Desjardins RI Developed ex-USA ex-Canada Multifactor - Net-Zero Emissions Pathway ETF |
Desjardins RI Emerging Markets Multifactor - Low CO2 ETF |
Desjardins RI Emerging Markets Multifactor - Net-Zero Emissions Pathway ETF |
Desjardins RI Canada - Low CO2 Index ETF |
Desjardins RI Canada - Net-Zero Emissions Pathway ETF |
Desjardins RI USA - Low CO2 Index ETF |
Desjardins RI USA - Net-Zero Emissions Pathway ETF |
Desjardins RI Active Canadian Bond - Low CO2 ETF |
Desjardins RI Active Canadian Bond - Net-Zero Emissions Pathway ETF |
Desjardins RI Developed ex-USA ex-Canada - Low CO2 Index ETF |
Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF |
Desjardins RI Emerging Markets - Low CO2 Index ETF |
Desjardins RI Emerging Markets - Net-Zero Emissions Pathway ETF |
- The management fee of Desjardins RI Developed ex-USA ex-Canada Multifactor – Low CO2 ETF will be reduced by 15 basis points.
- The management fee of Desjardins RI Canada Multifactor – Low CO2 ETF, Desjardins RI USA Multifactor - Low CO2 ETF and Desjardins RI Global Multifactor - Fossil Fuel Reserves Free ETF will be reduced by 10 basis points.
For more information about the ETFs and other Desjardins ETFs, visit the manager’s website at www.desjardinsETF.com.
Desjardins Exchange Traded Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, management fees and expenses all may be associated with an investment in exchange traded funds. Please read the prospectus before investing. Desjardins Global Asset Management Inc. is the manager and portfolio manager of the Desjardins Exchange Traded Funds. The Desjardins Exchange Traded Funds are offered by registered dealers.
For more information (media inquiries only):
Public relations, Desjardins Group
514-281-7000 or 1-866-866-7000, ext. 5553436
media@desjardins.com