Management Fee Reductions

Going further for you and your clients with reduced management fees

At a glance: Desjardins Funds’s and Portfolios’s newly reduced management fees

On October 1st, 2021, Desjardins Investments (DI) is lowering management fees on 43 Desjardins Funds and Portfolios, across the majority of the classes of funds currently offered. In doing this, DI reaffirms its commitment to delivering great investment value to Desjardins Funds investors.

Highlights

  • Management fees will be cut by as much as 21 basis points for certain products.
  • All investors will benefit, regardless of the amount invested (subject to applicable minimums).
  • These savings will be wholly passed on to investors and will therefore help them improve their returns.

For more information, please consult the September 1st, 2021 press release - External link. This link will open in a new window..


Understanding Management Expense Ratios (MER) - External link. This link will open in a new window.



Here is an overview of the most recent changes to the Management Expense Ratios (MERs):

C-Class F-Class N-Class
Desjardins Funds MER Before Fee Reduction (%)1 Estimated MER After Fee Reduction (%)2 MER Before Fee Reduction (%)1 Estimated MER After Fee Reduction (%)2 MER Before Fee Reduction (%)1 Estimated MER After Fee Reduction (%)2
Desjardins Money Market Fund 0.29 0.26 - - - -
Desjardins Canadian Bond Fund 1.36 1.19 0.74 0.61 - -
Desjardins SocieTerra Canadian Bond Fund 1.40 1.22 0.73 0.60 - -
Desjardins Enhanced Bond Fund 1.40 1.27 0.74 0.67 - -
Desjardins Global Total Return Bond Fund 1.65 1.59 - - - -
Desjardins SocieTerra Environmental Bond Fund 1.67 1.52 0.91 0.84 0.86 0.79
Desjardins Global Corporate Bond Fund - - 0.85 0.78 - -
Desjardins Global Balanced Growth Fund (formerly Desjardins Tactical Balanced Fund) - - 1.07 1.00 - -
Desjardins Québec Balanced Fund 2.16 1.97 1.07 0.79 - -
Desjardins Global Balanced Strategic Income Fund - - 1.02 0.95 - -
Desjardins Dividend Income Fund 1.99 1.93 0.96 0.82 - -
Desjardins Dividend Growth Fund - - 0.98 0.91 - -
Desjardins Canadian Equity Income Fund - - 0.96 0.89 - -
Desjardins Canadian Small Cap Equity Fund 2.30 2.25 1.25 1.18 - -
Desjardins American Equity Value Fund 2.16 2.06 - - - -
Desjardins American Equity Growth Fund 2.18 2.08 - - - -
Desjardins American Equity Growth Currency Neutral Fund 2.21 2.11 - - - -
Desjardins SocieTerra American Equity Fund 2.22 2.12 - - - -
Desjardins Overseas Equity Fund (formerly Desjardins Overseas Equity Value Fund) 2.26 2.19 1.18 1.09 1.13 1.04
Desjardins Overseas Equity Growth Fund 2.29 2.23 1.14 1.07 1.12 1.05
Desjardins SocieTerra International Equity Fund - - 1.13 1.06 1.12 1.05
Desjardins Global Equity Fund - - 1.15 1.04 - -
Desjardins Global Equity Growth Fund 2.25 2.19 1.17 1.05 1.13 1.01
Desjardins SocieTerra Diversity Fund - - 1.18 1.06 - -
Desjardins SocieTerra Environment Fund - - 1.18 1.06 1.13 1.01
Desjardins SocieTerra Positive Change Fund - - 1.14 1.03 1.13 1.01
Desjardins Global Infrastructure Fund 2.40 2.34 - - - -
C-Class F-Class
Desjardins Funds MER Before Fee Reduction (%)1 Estimated MER After Fee Reduction (%)2 MER Before Fee Reduction (%)1 Estimated MER After Fee Reduction (%)2
Melodia Very Conservative Income Portfolio 1.80 1.76 0.91 0.78
Melodia Conservative Income Portfolio 1.80 1.76 0.89 0.76
Melodia Moderate Income Portfolio 1.92 1.88 0.96 0.81
Melodia Diversified Income Portfolio - - 0.98 0.77
Melodia Moderate Growth Portfolio 1.93 1.89 0.98 0.82
Melodia Diversified Growth Portfolio - - 1.03 0.81
Melodia Balanced Growth Portfolio 2.15 2.11 1.09 0.95
Melodia Maximum Growth Portfolio 2.29 2.25 1.15 1.10
Melodia 100% Equity Growth Portfolio 2.43 2.39 1.24 1.20
SocieTerra Conservative Portfolio 1.83 1.79 0.91 0.78
SocieTerra Moderate Portfolio 2.04 2.00 0.97 0.82
SocieTerra Balanced Portfolio - - 1.03 0.81
SocieTerra Growth Portfolio 2.16 2.12 1.09 0.95
SocieTerra Maximum Growth Portfolio 2.31 2.27 1.17 1.12
SocieTerra 100% Equity Portfolio 2.45 2.41 1.26 1.22
  1. 1. As at March 31, 2021
  2. 2. Information about the Management Expense Ratio reduction and he estimated Management Expense Ratio is provided to show how the reduction will affect investors. This information is subject to the Fund's inherent uncertainty and risk, and any forecasts, projections or other forward-looking information may not come to pass. As a result, you should not unduly rely on this forward-looking information. Forward-looking opinions may change without notice and are provided in good faith with no legal responsibility.
  3. The Desjardins Funds are not guaranteed, their value fluctuates frequently, and their past performance is not indicative of their future returns. The indicated rates of return are the historical annual compounded total returns of the date of the present document including changes in securities value and reinvestment of all distributions and do not consider sales, redemption, distribution or other optional charges, or income taxes payable by any securityholder that would have reduced returns. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. The Desjardins Funds are offered by registered dealers.