Desjardins Investments Makes Changes to Its Mutual Fund Lineup
Montreal, July 22, 2025 – Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announces changes to its mutual fund lineup. These changes, described in detail below, include the closure and termination of certain Desjardins Funds and the replacement of the sub-manager portfolio of the Desjardins Emerging Markets Bond Fund, including changes to the investment strategies and a reduced management fees.
DI also announces the creation of K-Class Units and the launch of the Automatic Conversion Program for the Desjardins Global Opportunities Fund.
DI regularly reviews its mutual fund's offer to ensure they continue to meet the evolving investment needs of financial advisors and investors.
Closure and termination of certain Desjardins Funds
DI announces its intention to terminate the Desjardins Target 2025 Investment Grade Bond Fund, the Desjardins Sustainable Global Managed Bond Fund, the Desjardins Low Volatility Canadian Equity Fund, the Desjardins Sustainable Low Volatility Global Equity Fund and the Desjardins Sustainable International Small Cap Equity Fund (collectively the "Terminating Funds"). The Manager also intends to terminate the W-Class Units offered by the Desjardins Global Managed Bond Fund.
DI expects to carry out the terminations described above after the close of business at 4:00 p.m. (Eastern Time) on or about November 14, 2025 (the "Termination Date"). Unitholders will have the right to redeem or switch their units of the Funds up to the close of business on the Termination Date. Unitholders affected by this decision will be advised at least 60 days prior to the Termination Date.
In anticipation of these changes, the Terminating Funds and the W-Class Units of the Desjardins Global Managed Bond Fund will be closed to all new investors and any additional investments, except for investments made by periodic payments, as of 4 p.m. (Eastern Time) on or about August 20, 2025 (the "Closing Date").
Replacement of the portfolio sub-manager of the Desjardins Emerging Markets Bond Fund
DI announces the replacement of the current portfolio sub-manager of the Desjardins Emerging Markets Bond Fund by PIMCO Canada Corp. (“PIMCO”). DI also approved changes to the investment strategies of the Fund to better reflect the new mandate and investment philosophy of PIMCO, as well as a reduction of the management fees in respect of all class units of the Fund as follows:
| CURRENT MANAGEMENT FEES* | MANAGEMENT FEES* STARTING OCTOBER 1st, 2025 | REDUCTIONS (%) |
Desjardins Funds (A-, I-*and C -Class Units) | |||
Emerging Markets Bond (A-, I-* and C-Class Units) | 1.45 | 1.37 | (0.08) |
Desjardins Funds (F -Class Units) | |||
Emerging Markets Bond (F-Class Units) | 0.75 | 0.64 | (0.11) |
| CURRENT MANAGEMENT FEES* | MANAGEMENT FEES* STARTING OCTOBER 1st, 2025 | REDUCTIONS (%) | |
Desjardins Funds (D-Class Units) | ||||
Emerging Markets Bond (D-Class Units) | 0.95 | 0.87 | (0.08) | |
* Not including applicable taxes |
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Both the fundamental investment objective and the risk rating of the Fund will remain unchanged.
DI anticipates that the replacement of the portfolio sub-manager, the changes to the investment strategies and the reduction of the management fees will become effective on or around October 1st, 2025.
New K-Class Units for the Desjardins Global Opportunities Fund
DI will launch new K-Class Units for the Desjardins Global Opportunities Fund as part of the implementation of the Automatic Conversion Program below. K-Class Units will be available on or about November 17, 2025, and will be offered on a no-load basis and will be eligible for registered plans.
These units are reserved exclusively for investors who meet the established criteria for holding these units, including the applicable minimum purchase amounts and account balances. The minimum purchase amount to invest in K-Class Units of an eligible Desjardins Fund will be $250,000. The management fees for K-Class Units will generally be 0.10% lower in comparison to the management fees applicable to A-Class Units of the same Fund.
Implementation of the Automatic Conversion Program for the Desjardins Global Opportunities Fund
DI announces the implementation of an Automatic Conversion Program (the "Automatic Conversion Program") to allow for the automatic conversion of A--Class Units as K-Class Units, provided that the investor satisfies the established criteria for holding K-Class Units, which generally offer a lower combined management fees and fixed administrative fees.
The Automatic Conversion Program is expected to be implemented for the Desjardins Global Opportunities Fund on or about November 17, 2025.
The above-mentioned changes will be made subject to approval from the regulatory authorities where required. DI reserves the right to suspend or defer the implementation of any of these changes to a later date.
For more information (media inquiries only):
Public relations, Desjardins Group
514-2817000 or 1-8668667000, ext. 5553436
media@desjardins.com