Desjardins 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 SociéTerre^MD".

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
SocieTerra Fixed Income Portfolio	Desjardins Sustainable Fixed Income Portfolio
SocieTerra Conservative Portfolio	Desjardins Sustainable Conservative Portfolio
SocieTerra Moderate Portfolio	Desjardins Sustainable Moderate Portfolio
SocieTerra Balanced Portfolio	Desjardins Sustainable Balanced Portfolio
SocieTerra Growth Portfolio	Desjardins Sustainable Growth Portfolio
SocieTerra Maximum Growth Portfolio	Desjardins Sustainable Maximum Growth Portfolio
SocieTerra 100% Equity Portfolio	Desjardins Sustainable 100% Equity Portfolio

Current name in French	New French name
Portefeuille SociéTerre de Revenu fixe	Portefeuille Desjardins SociéTerre de Revenu fixe
Portefeuille SociéTerre Conservateur	Portefeuille Desjardins SociéTerre Conservateur
Portefeuille SociéTerre Modéré	Portefeuille Desjardins SociéTerre Modéré
Portefeuille SociéTerre Équilibré	Portefeuille Desjardins SociéTerre Équilibré
Portefeuille SociéTerre Croissance	Portefeuille Desjardins SociéTerre Croissance
Portefeuille SociéTerre Croissance maximale	Portefeuille Desjardins SociéTerre Croissance maximale
Portefeuille SociéTerre 100 % actions	Portefeuille Desjardins SociéTerre 100 % actions

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.

SOURCE Desjardins Group

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