News - Full StoryDesjardins Investments Makes Changes to Its Mutual Fund Lineup
MONTREAL, March 28, 2024 /CNW/ - Desjardins Investments Inc. ("DI"), as manager of the Desjardins Funds, announces changes to its mutual funds. These changes, described in detail below, consist of name changes to its range of SocieTerra Funds and Portfolios and two Wise ETF portfolios as well as a revised risk level of certain Desjardins Funds.
DI regularly reviews its mutual fund's offering to ensure they continue to meet the evolving investment needs of financial advisors and investors.
Change of name of the SocieTerra Funds and Portfolios and two Wise ETF portfolios
The manager of the Desjardins Funds will change the English name of the existing SocieTerra Funds and Portfolios which will be renamed as the Sustainable Funds and Portfolios. This change will not affect the French version of the SocieTerra names, which will remain the "Fonds et Portefeuilles SociéTerreMD".
In addition, the word "Desjardins" will be added to the names of the SocieTerra/Sustainable Portfolios in both the English and French versions.
SocieTerra Funds and Portfolios (SociéTerre) are subject to change:
Current English name
New English name
Desjardins SocieTerra Short-Term Income Fund
Desjardins Sustainable Short-Term Income Fund
Desjardins SocieTerra Canadian Bond Fund
Desjardins Sustainable Canadian Bond Fund
Desjardins SocieTerra Environmental Bond Fund
Desjardins Sustainable Environmental Bond Fund
Desjardins SocieTerra Global Managed Bond Fund
Desjardins Sustainable Global Managed Bond Fund
Desjardins SocieTerra Global Corporate Bond Fund
Desjardins Sustainable Global Corporate Bond Fund
Desjardins SocieTerra Global Bond Fund
Desjardins Sustainable Global Bond Fund
Desjardins SocieTerra Emerging Markets Bond Fund
Desjardins Sustainable Emerging Markets Bond Fund
Desjardins SocieTerra Global Balanced Fund
Desjardins Sustainable Global Balanced Fund
Desjardins SocieTerra Canadian Equity Income Fund
Desjardins Sustainable Canadian Equity Income Fund
Desjardins SocieTerra Canadian Equity Fund
Desjardins Sustainable Canadian Equity Fund
Desjardins SocieTerra American Equity Fund
Desjardins Sustainable American Equity Fund
Desjardins SocieTerra American Small Cap Equity Fund
Desjardins Sustainable American Small Cap Equity Fund
Desjardins SocieTerra Low Volatility Global Equity Fund
Desjardins Sustainable Low Volatility Global Equity Fund
Desjardins SocieTerra International Equity Fund
Desjardins Sustainable International Equity Fund
Desjardins SocieTerra Global Dividend Fund
Desjardins Sustainable Global Dividend Fund
Desjardins SocieTerra Diversity Fund
Desjardins Sustainable Diversity Fund
Desjardins SocieTerra Global Opportunities Fund
Desjardins Sustainable Global Opportunities Fund
Desjardins SocieTerra Positive Change Fund
Desjardins Sustainable Positive Change Fund
Desjardins SocieTerra International Small Cap Equity Fund
Desjardins Sustainable International Small Cap Equity Fund
Desjardins SocieTerra Cleantech Fund
Desjardins Sustainable Cleantech Fund
Desjardins SocieTerra Emerging Markets Equity Fund
Desjardins Sustainable Emerging Markets Equity Fund
The manager will also change the name of the Wise Balanced ETF and Wise Maximum Growth ETF portfolios which will be renamed as the Wise Moderate ETF Portfolio and the Wise Aggressive ETF Portfolio respectively.
Implementation of the changes described above is subject to approval from the regulatory authorities.
Revised risk level for certain Desjardins Funds
DI announces a review of the risk rating attributed to certain Desjardins Funds effective as of March 28, 2024. The table below lists each Desjardins Funds affected by this change:
Desjardins Funds
Previous risk rating
Revised risk rating
(As of March 28, 2004)
Desjardins Global Corporate Bond Fund
Low
Low to Medium
Desjardins SocieTerra Global Corporate Bond Fund
Low
Low to Medium
Desjardins SocieTerra American Small Cap Equity Fund
Medium
Medium to High
Desjardins SocieTerra Positive Change Fund
Medium
Medium to High
SocieTerra Conservative Portfolio
Low
Low to Medium
About Desjardins Investments Inc.
Desjardins Investments Inc., manager of the Desjardins Funds, is one of Canada's largest mutual fund manufacturers, with $ 39.9 billion in assets under management as at December 31, 2023. DI offers a broad range of investment funds to Canadian investors. In addition, DI is one of the most committed actors in promoting and advancing responsible investment in Canada.
About Desjardins Group
Desjardins Group is the largest cooperative financial group in North America and the fifth largest cooperative financial group in the world, with assets of $422.9 billion as at December 31, 2023. It was named one of the World's Top Female-Friendly Companies by Forbes magazine. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, online platforms and subsidiaries across Canada. Ranked among the world's strongest banks according to The Banker magazine, Desjardins has one of the highest capital ratios and credit ratings in the industry.
Desjardins Funds are not guaranteed, their value fluctuates frequently and their past performance is not indicative of their future returns. Commissions, trailing commissions, management fees and expenses may all be associated with mutual fund investments. Please read the prospectus before investing. Desjardins Funds are offered by registered dealers.
Desjardins®, all trademarks containing the word Desjardins, as well as related logos are trademarks of the Fédération des caisses Desjardins du Québec, used under licence.