MONTREAL, September 1, 2021 / CNW Telbec / – Desjardins Investments Inc. (“DI”), the manager of Desjardins Funds, today announced changes to its mutual funds. The changes described in detail below concern the reduction of management fees. DI regularly reviews the offering of its mutual funds to ensure that they continue to meet the changing investment needs of financial advisors and investors.
Reduction in management fees for 43 Desjardins funds
DI has announced that it will reduce management fees for some share classes of 43 Desjardins Funds by up to 21 basis points, with effect October 1NS, 2021. These changes reflect DI’s commitment to providing actively managed mutual funds at competitive prices with access to world class portfolio managers.
The following is a list of the Desjardins Funds unit classes affected:
|
Desjardins Fund (A, T, C, R and Z |
A-, T-, C- |
current |
administration |
Reduction % |
|
Desjardins money market fund |
A and C |
1.00% |
0.90% |
0.10% |
|
Desjardins Canadian Bond Fund |
A and C |
1.10% |
0.96% |
0.14% |
|
Desjardins SocieTerra Canadian Bond Fund |
A and C |
1.10% |
0.96% |
0.14% |
|
Desjardins Enhanced Bond Fund |
A and C |
1.10% |
1.00% |
0.10% |
|
Desjardins Global Total Return Bond Fund |
A and C |
1.30% |
1.25% |
0.05% |
|
Desjardins SocieTerra Environmental Bond Fund |
A and C |
1.37% |
1.25% |
0.12% |
|
Desjardins Québec Balanced Fund |
A, T, C |
1.80% |
1.64% |
0.16% |
|
Desjardins Dividend Income Fund |
A, T, C |
1.70% |
1.65% |
0.05% |
|
Desjardins Canadian Small Cap Equity Fund |
A and C |
1.89% |
1.85% |
0.04% |
|
Desjardin’s American Equity Value Fund |
A and C |
1.80% |
1.72% |
0.08% |
|
Desjardin’s American Equity Growth Fund |
A and C |
1.80% |
1.72% |
0.08% |
|
Desjardin’s American Equity Growth Currency |
A and C |
1.80% |
1.72% |
0.08% |
|
Desjardins SocieTerra American equity fund |
A and C |
1.80% |
1.72% |
0.08% |
|
Desjardins Overseas Equity Fund |
A and C |
1.85% |
1.79% |
0.06% |
|
Desjardins Overseas Equity Growth Fund |
A and C |
1.85% |
1.80% |
0.05% |
|
Desjardins Global Equity Growth Fund |
A and C |
1.77% |
1.72% |
0.05% |
|
Desjardins Global Infrastructure Fund |
A, T, C |
1.95% |
1.90% |
0.05% |
|
Melodia Very conservative income portfolio |
A, T4, C |
1.50% |
1.47% |
0.03% |
|
Melodia Conservative Income Portfolio |
A, T4, C |
1.51% |
1.48% |
0.03% |
|
Melodia portfolio with moderate income |
A, T5, C |
1.61% |
1.58% |
0.03% |
|
Melodia portfolio with moderate growth |
A and C |
1.61% |
1.58% |
0.03% |
|
Melodia Balanced growth portfolio |
A and C |
1.82% |
1.79% |
0.03% |
|
Melodia Maximum growth portfolio |
A and C |
1.91% |
1.88% |
0.03% |
|
Melodia 100% equity growth portfolio |
A and C |
2.01% |
1.98% |
0.03% |
|
SocieTerra Conservative Portfolio |
A, T4, C, |
1.51% |
1.48% |
0.03% |
|
SocieTerra Moderate Portfolio |
A, T4, C |
1.61% |
1.58% |
0.03% |
|
SocieTerra growth portfolio |
A, T5, C |
1.81% |
1.78% |
0.03% |
|
SocieTerra Maximum growth portfolio |
A, T6, C |
1.91% |
1.88% |
0.03% |
|
SocieTerra 100% equity portfolio |
A and C |
2.01% |
1.98% |
0.03% |
|
Desjardins Funds (Class F and S Shares) |
F- and S-Class |
current |
administration |
Reduction % |
|
Desjardins Canadian Bond Fund |
F. |
0.50% |
0.41% |
0.09% |
|
Desjardins SocieTerra Canadian Bond Fund |
F. |
0.50% |
0.41% |
0.09% |
|
Desjardins Enhanced Bond Fund |
F. |
0.50% |
0.45% |
0.05% |
|
Desjardins SocieTerra Environmental Bond Fund |
F. |
0.65% |
0.60% |
0.05% |
|
Desjardins Global Corporate Bond Fund |
F. |
0.60% |
0.55% |
0.05% |
|
Desjardins Global Balanced Growth Fund |
F. |
0.75% |
0.70% |
0.05% |
|
Desjardins Québec Balanced Fund |
F and S |
0.80% |
0.59% |
0.21% |
|
Desjardins Global Balanced Strategic Income Fund |
F and S6 |
0.75% |
0.70% |
0.05% |
|
Desjardins Dividend Income Fund |
F and S |
0.70% |
0.60% |
0.10% |
|
Desjardins dividend growth fund |
F and S |
0.70% |
0.65% |
0.05% |
|
Desjardins Canadian Equity Income Fund |
F and S |
0.70% |
0.65% |
0.05% |
|
Desjardins Canadian Small Cap Equity Fund |
F. |
0.89% |
0.84% |
0.05% |
|
Desjardins Overseas Equity Fund |
F. |
0.80% |
0.74% |
0.06% |
|
Desjardins Overseas Equity Growth Fund |
F. |
0.80% |
0.75% |
0.05% |
|
Desjardins SocieTerra International equity fund |
F. |
0.80% |
0.75% |
0.05% |
|
Desjardins Global Equity Fund |
F and S |
0.80% |
0.72% |
0.08% |
|
Desjardins Global Equity Growth Fund |
F. |
0.80% |
0.72% |
0.08% |
|
Desjardins SocieTerra Diversity Fund |
F. |
0.80% |
0.72% |
0.08% |
|
Desjardins SocieTerra environmental fund |
F. |
0.80% |
0.72% |
0.08% |
|
Desjardins SocieTerra Fund for Positive Change |
F. |
0.80% |
0.72% |
0.08% |
|
Melodia Very conservative income portfolio |
F and S4 |
0.63% |
0.54% |
0.09% |
|
Melodia Conservative Income Portfolio |
F and S4 |
0.64% |
0.55% |
0.09% |
|
Melodia portfolio with moderate income |
F and S5 |
0.69% |
0.58% |
0.11% |
|
Melodia Diversified Income Portfolio |
F and S6 |
0.74% |
0.58% |
0.16% |
|
Melodia portfolio with moderate growth |
F. |
0.69% |
0.58% |
0.11% |
|
Melodia Diversified growth portfolio |
F. |
0.75% |
0.59% |
0.16% |
|
Melodia Balanced growth portfolio |
F. |
0.80% |
0.70% |
0.10% |
|
Melodia Maximum growth portfolio |
F. |
0.86% |
0.82% |
0.04% |
|
Melodia 100% equity growth portfolio |
F. |
0.94% |
0.91% |
0.03% |
|
SocieTerra Conservative Portfolio |
F and S4 |
0.64% |
0.55% |
0.09% |
|
SocieTerra Moderate Portfolio |
F and S4 |
0.69% |
0.58% |
0.11% |
|
SocieTerra Balanced portfolio |
F and S5 |
0.74% |
0.58% |
0.16% |
|
SocieTerra growth portfolio |
F and S5 |
0.79% |
0.69% |
0.10% |
|
SocieTerra Maximum growth portfolio |
F and S6 |
0.86% |
0.82% |
0.04% |
|
SocieTerra 100% equity portfolio |
F. |
0.94% |
0.91% |
0.03% |
|
Desjardins Funds (Class D Shares) |
D class units |
current |
administration |
Reduction % |
|
Desjardins money market fund |
D. |
0.75% |
0.65% |
0.10% |
|
Desjardins Canadian Bond Fund |
D. |
0.60% |
0.46% |
0.14% |
|
Desjardins SocieTerra Canadian Bond Fund |
D. |
0.60% |
0.46% |
0.14% |
|
Desjardins Enhanced Bond Fund |
D. |
0.60% |
0.50% |
0.10% |
|
Desjardins Global Total Return Bond Fund |
D. |
0.80% |
0.75% |
0.05% |
|
Desjardins SocieTerra Environmental Bond Fund |
D. |
0.87% |
0.75% |
0.12% |
|
Desjardins Québec Balanced Fund |
D. |
0.80% |
0.64% |
0.16% |
|
Desjardins Dividend Income Fund |
D. |
0.70% |
0.65% |
0.05% |
|
Desjardins Canadian Small Cap Equity Fund |
D. |
0.89% |
0.85% |
0.04% |
|
Desjardin’s American Equity Value Fund |
D. |
0.80% |
0.72% |
0.08% |
|
Desjardin’s American Equity Growth Fund |
D. |
0.80% |
0.72% |
0.08% |
|
Desjardin’s American Equity Growth Currency |
D. |
0.80% |
0.72% |
0.08% |
|
Desjardins SocieTerra American equity fund |
D. |
0.80% |
0.72% |
0.08% |
|
Desjardins Overseas Equity Fund |
D. |
0.85% |
0.79% |
0.06% |
|
Desjardins Overseas Equity Growth Fund |
D. |
0.85% |
0.80% |
0.05% |
|
Desjardins Global Equity Growth Fund |
D. |
0.77% |
0.72% |
0.05% |
|
Desjardins Global Infrastructure Fund |
D. |
0.95% |
0.90% |
0.05% |
|
Melodia Very conservative income portfolio |
D. |
0.70% |
0.67% |
0.03% |
|
Melodia Conservative Income Portfolio |
D. |
0.71% |
0.68% |
0.03% |
|
Melodia portfolio with moderate income |
D. |
0.81% |
0.78% |
0.03% |
|
Melodia portfolio with moderate growth |
D. |
0.81% |
0.78% |
0.03% |
|
Melodia Balanced growth portfolio |
D. |
0.92% |
0.89% |
0.03% |
|
Melodia Maximum growth portfolio |
D. |
0.91% |
0.88% |
0.03% |
|
Melodia 100% equity growth portfolio |
D. |
1.01% |
0.98% |
0.03% |
|
SocieTerra Conservative Portfolio |
D. |
0.71% |
0.68% |
0.03% |
|
SocieTerra growth portfolio |
D. |
0.91% |
0.88% |
0.03% |
|
SocieTerra Maximum growth portfolio |
D. |
0.91% |
0.88% |
0.03% |
|
Desjardins Funds (Class O Shares) |
O class |
current |
administration |
Reduction % |
|
Chorus II 100% equity growth portfolio |
Ö |
0.85% |
0.77% |
0.08% |
|
SocieTerra 100% equity portfolio |
Ö |
0.84% |
0.76% |
0.08% |
|
Desjardins Fund (Class N Shares) |
N class |
current |
administration |
Reduction % |
|
Desjardins SocieTerra Environmental Bond Fund |
n |
0.60% |
0.55% |
0.05% |
|
Desjardins Overseas Equity Fund |
n |
0.75% |
0.69% |
0.06% |
|
Desjardins Overseas Equity Growth Fund |
n |
0.75% |
0.70% |
0.05% |
|
Desjardins Global Equity Growth Fund |
n |
0.75% |
0.67% |
0.08% |
|
Desjardins SocieTerra International equity fund |
n |
0.75% |
0.70% |
0.05% |
|
Desjardins SocieTerra environmental fund |
n |
0.75% |
0.67% |
0.08% |
|
Desjardins SocieTerra Fund for Positive Change |
n |
0.75% |
0.67% |
0.08% |
About Desjardins Investments Inc.
Desjardins Investments Inc., manager of the Desjardins Funds, is one of the Canada largest mutual fund maker, with $ 40.5 billion in assets under management. DI offers Canadian investors a wide range of mutual funds and, among other things, sets itself apart in the industry with its world-renowned portfolio managers representing more than 20 asset management companies worldwide. In addition, DI is one of the most committed players in promoting and developing responsible investments in Canada.
About the Desjardins Group
Desjardins Group is the largest cooperative finance group in North America and the fifth largest financial cooperative group in the world with assets of $ 389.3 billion. In 2020, it was named one of the 100 best places to work in the world by Forbes magazine. In order to meet the diverse needs of its members and customers, Desjardins offers through its extensive distribution network, online platforms and subsidiaries throughout Canada. According to The Banker magazine, Desjardins is one of the strongest banks in the world and has one of the highest capital ratios and credit ratings in the industry.
SOURCE Desjardins Group
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