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Desjardins Investments (DI) has reduced management fees by up to 25 basis points for a majority of unit classes for 32 funds, effective Jan. 18.

Affected funds are in the tables below.

DI will also merge the Desjardins Canadian Equity Growth Fund with Desjardins Canadian Equity Fund around March 23, the company said in a release.

Funds (A-, T-, C-, R- and Z-class units) Unit class affected Current management fee rate, before taxes (%) Management fee rate effective Jan. 18, 2018, before taxes (%) Reduction (%)
Desjardins Canadian Bond Fund A, C 1.25% 1.20% (0.05%)
Desjardins SocieTerra Canadian Bond Fund A, C 1.21% 1.20% (0.01%)
Desjardins Enhanced Bond Fund A, C 1.33% 1.20% (0.13%)
Desjardins Global Inflation Linked Bond Fund A, C 1.55% 1.30% (0.25%)
Desjardins Global Corporate Bond Fund A, C 1.38% 1.30% (0.08%)
Desjardins Floating Rate Income Fund A, C 1.45% 1.35% (0.10%)
Desjardins Global Tactical Bond Fund A, C 1.58% 1.50% (0.08%)
Desjardins Emerging Markets Bond Fund A, C 1.58% 1.50% (0.08%)
Desjardins Tactical Balanced Fund A, C 1.84% 1.80% (0.04%)
Desjardins Québec Balanced Fund A, T, C, R 1.89% 1.80% (0.09%)
Desjardins Dividend Growth Fund A, T, C, R 1.87% 1.75% (0.12%)
Desjardins Canadian Equity Income Fund A, T, C, R 1.87% 1.75% (0.12%)
Desjardins Canadian Equity Fund A, C 1.89% 1.85% (0.04%)
Desjardins Canadian Equity Value Fund A, T, C, R 2.05% 1.85% (0.20%)
Desjardins American Equity Value Fund A, C 2.09% 1.95% (0.14%)
Desjardins American Equity Growth Fund A, C 2.09% 1.95% (0.14%)
Desjardins American Equity Growth Currency Neutral Fund A, C 2.15% 1.95% (0.20%)
Desjardins Overseas Equity Growth Fund A, C 2.20% 2.00% (0.20%)
Desjardins Global Dividend Fund A, T, C, R 2.08% 1.95% (0.13%)
Desjardins Global Equity Growth Fund A, C 2.10% 1.95% (0.15%)
Desjardins SocieTerra Environment Fund A, C 2.00% 1.95% (0.05%)
Desjardins Global Small Cap Equity Fund A, C 2.17% 2.00% (0.17%)
Desjardins Emerging Markets Fund A, C 2.38% 2.20% (0.18%)
Desjardins Emerging Markets Opportunities Fund A, C 2.40% 2.20% (0.20%)
Desjardins Global Infrastructure Fund A, T, C, R 2.24% 2.05% (0.19%)
Melodia Maximum Growth Portfolio A, C 2.07% 2.02% (0.05%)
SocieTerra Conservative Portfolio A, T4, C, R4, Z4 1.71% 1.66% (0.05%)
SocieTerra Maximum Growth Portfolio A, T6, C, R6 2.12% 2.02% (0.10%)

 

Funds (F- and S-class units) Unit class affected Current management fee rate, before taxes (%) Management fee rate effective Jan. 18, 2018, before taxes (%) Reduction (%)
Desjardins Money Market Fund F 0.50% 0.39% (0.11%)
Desjardins Canadian Bond Fund F 0.71% 0.55% (0.16%)
Desjardins SocieTerra Canadian Bond Fund F 0.71% 0.55% (0.16%)
Desjardins Enhanced Bond Fund F 0.72% 0.55% (0.17%)
Desjardins Global Inflation Linked Bond Fund F 0.75% 0.50% (0.25%)
Desjardins Global Corporate Bond Fund F 0.75% 0.65% (0.10%)
Desjardins Floating Rate Income Fund F 0.75% 0.70% (0.05%)
Desjardins Global Tactical Bond Fund F 0.85% 0.75% (0.10%)
Desjardins Canadian Preferred Share Fund F 0.67% 0.60% (0.07%)
Desjardins Tactical Balanced Fund F 0.84% 0.80% (0.04%)
Desjardins Québec Balanced Fund F, S 0.89% 0.80% (0.09%)
Desjardins Dividend Growth Fund F, S 0.81% 0.70% (0.11%)
Desjardins Canadian Equity Income Fund F, S 0.81% 0.70% (0.11%)
Desjardins Canadian Equity Fund F 0.74% 0.70% (0.04%)
Desjardins Canadian Equity Value Fund F, S 0.74% 0.70% (0.04%)
Desjardins American Equity Value Fund F 0.88% 0.85% (0.03%)
Desjardins American Equity Growth Fund F 0.88% 0.85% (0.03%)
Desjardins American Equity Growth Currency Neutral Fund F 1.00% 0.85% (0.15%)
Desjardins SocieTerra American Equity Fund F 0.90% 0.85% (0.05%)
Desjardins Overseas Equity Growth Fund F 0.95% 0.85% (0.10%)
Desjardins Global Dividend Fund F, S 0.95% 0.80% (0.15%)
Desjardins Global Equity Growth Fund F 0.95% 0.85% (0.10%)
Desjardins SocieTerra Environment Fund F 0.94% 0.90% (0.04%)
Desjardins Global Small Cap Equity Fund F 0.96% 0.90% (0.06%)
Desjardins IBrix Low Volatility Emerging Markets Fund F 1.17% 1.05% (0.12%)
Desjardins Emerging Markets Fund F 1.21% 1.00% (0.21%)
Desjardins Emerging Markets Opportunities Fund F 1.22% 1.10% (0.12%)
Desjardins Global Infrastructure Fund F, S 1.07% 1.00% (0.07%)

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Originally published on Advisor.ca
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