Desjardins Investments is making changes to its mutual fund lineup
Montreal, April 23, 2026 – Desjardins Investments Inc. (“DI”), the manager of Desjardins Funds, is announcing changes to its mutual fund lineup. Desjardins Investments regularly reviews its mutual fund lineup to keep pace with the ever-changing investment needs of financial professionals, investors and clients.
These changes, described in detail below, include the replacement of portfolio sub-managers of certain Desjardins Funds by Desjardins Global Asset Management Inc (“DGAM”), changes to the description of PM-Class Units, as well as proposed mergers and a proposed amendment to an investment objective, each of which is subject to the prior approval of the unitholders of the affected funds
Desjardins Global Equity Fund
DI announces the replacement of the Desjardins Global Equity Fund’s current portfolio sub-manager by DGAM as well as amendments to the investment strategies of the Fund in order to reflect the investment philosophy of DGAM.
As part of these changes, the Fund will be renamed the Desjardins Multifactor Global Equity Fund and the management fees in respect of each class of units indicated below will be reduced as follows:
| CURRENT MANAGEMENT FEES* (%) | MANAGEMENT FEES* STARTING JUNE 22, 2026 (%) | REDUCTIONS (%) |
DESJARDINS FUNDS (A-, T-, C- AND R-CLASS UNITS) | |||
Global Equity (A-, T-, C- and R-Class Units) | 1.72 | 1.47 | (0.25) |
DESJARDINS FUNDS (F- AND S-CLASS UNITS) | |||
Global Equity (F- and S-Class Units) | 0.67 | 0.42 | (0.25) |
DESJARDINS FUNDS (D-CLASS UNITS) | |||
Global Equity (D-Class Units) | 0.72 | 0.47 | (0.25) |
DESJARDINS FUNDS (K- AND L-CLASS UNITS) | |||
Global Equity (K- and L-Class Units) | 1.62 | 1.37 | (0.25) |
DESJARDINS FUNDS (W-CLASS UNITS) | |||
Global Equity (W-Class Units) | 0.41 | 0.27 | (0.14) |
* Management fees before taxes. |
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The aforesaid changes will take effect on or about June 22, 2026. The Fund’s core investment objective and its investment risk level will remain unchanged as a result of these changes.
Desjardins Emerging Markets Opportunities Fund
DI announces the replacement of the Desjardins Emerging Markets Opportunities Fund’s current portfolio sub-manager by DGAM, as well as amendments to the investment strategies of the Fund in order to reflect the investment philosophy of DGAM.
As part of these changes, the management fees in respect of each class of units of the Fund indicated below will be reduced as follows:
| CURRENT MANAGEMENT FEES* (%) | MANAGEMENT FEES* STARTING JUNE 22, 2026 (%) | REDUCTIONS (%) |
DESJARDINS FUNDS (A- AND C-CLASS UNITS) | |||
Emerging Markets Opportunities (A- and C-Class Units) | 2.05 | 1.73 | (0.32) |
DESJARDINS FUNDS (F-CLASS UNITS) | |||
Emerging Markets Opportunities (F-Class Units) | 1.00 | 0.77 | (0.23) |
DESJARDINS FUNDS (D-CLASS UNITS) | |||
Emerging Markets Opportunities (D-Class Units) | 0.90 | 0.73 | (0.17) |
DESJARDINS FUNDS (W-CLASS UNITS) | |||
Emerging Markets Opportunities (W-Class Units) | 0.84 | 0.67 | (0.17) |
* Management fees before taxes. |
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The aforesaid changes will take effect on or about June 22, 2026. The Fund’s core investment objective and its investment risk level will remain unchanged as a result of these changes.
Changes regarding the PM-Class Units
As of July 13, 2026 (the “Effective Date”), the characteristics and the description of PM-Class Units will be modified, such that this class of units will, as of the Effective Date, be offered only to institutional investors that will have entered into an agreement with the Manager. The terms of the investment, the management fees and the fixed administration fees applicable to these units will be negotiated directly with each investor.
Proposal to merge certain Desjardins Portfolios
DI proposes to merge Melodia Very Conservative Income Portfolio and the Melodia Conservative Income Portfolio (individually a “Terminating Fund”, and collectively the “Terminating Funds”) with the Desjardins Active Strategy Conservative Portfolio.
These mergers are subject to the prior approval of the unitholders of each of the Terminating Funds. Special meetings of unitholders will be convened for this purpose for each Terminating Fund and will be held on or about August 20, 2026. If the proposed mergers are approved, they will be completed at the close of business at 4:00 p.m. (Eastern Time) on or about September 4, 2026.
Prior to these meetings, a notice-and-access document relating to each special meeting, along with a proxy form, will be sent on or about July 10, 2026¸, to the unitholders of the Terminating Funds who are unitholders of record as of June 25, 2026. These documents, as well as an Information Circular containing further details regarding the proposed mergers, will also be available on the websites of the Desjardins Funds (www.fondsdesjardins.com) and on SEDAR+ (wwww.sedarplus.ca).
Proposal to modify the investment objective of the Desjardins Global Government Bond Index Fund
DI proposes to modify the investment objective of the Desjardins Global Government Bond Index Fund, to replace its current benchmark index, the Bloomberg Global Aggregate Government ex Emerging Markets (CAD Hedged) Index, with a new benchmark index, the Solactive G7 Government Bond (Total Return CAD Hedged) Index.
This modification is subject to the prior approval of the unitholders of the Fund. A special meeting of unitholders will be convened for this purpose and will be held on or about August 20, 2026. If the proposed modification is approved, it will be completed at the close of business at 4:00 p.m. (Eastern Time) on or about August 31, 2026.
Prior to this meeting, a notice-and-access document relating to the special meeting, along with a proxy form, will be sent on or about July 10, 2026, to the unitholders of the Fund who are unitholders of record as of June 25, 2026. These documents, as well as an Information Circular containing further details regarding the proposed modification, will also be available on the websites of the Desjardins Funds (www.fondsdesjardins.com) and on SEDAR+ (wwww.sedarplus.ca).
As part of this change and subject to the prior approval of unitholders to modify the investment objective of the Fund, the current portfolio sub-manager of the Fund will also be replaced by DGAM and the Fund's investment strategies will be amended to reflect the new investment objective and the investment philosophy of DGAM, effective August 31, 2026.
The Manager reserves the right to delay implementing all or part of the changes described in this press release, or to refrain from implementing either one of these changes.
For more information (media inquiries only):
Public relations, Desjardins Group
media@desjardins.com