Firm announces changes concerning management fees, trailer fees, and risk ratings
Desjardins Investments (DI) is making a slew of changes to its lineup of mutual funds.
Effective April 1, DI said all F-Class units and most C-class units of its Desjardins Wise ETF Portfolios will see a 5-basis point management fee reduction:
|
Units |
Current management fees, before taxes % |
Management fees starting April 1, 2021, before taxes |
|
|
Wise 100 % Equity ETF Portfolio |
C |
1.50% |
1.45% |
|
Wise 100 % Equity ETF Portfolio |
F |
0.50% |
0.45% |
|
Wise Balanced ETF Portfolio |
C |
1.40% |
1.35% |
|
Wise Balanced ETF Portfolio |
F |
0.40% |
0.35% |
|
Wise Conservative ETF Portfolio |
C |
1.40% |
1.35% |
|
Wise Conservative ETF Portfolio |
F |
0.40% |
0.35% |
|
Wise Fixed Income ETF Portfolio |
F |
0.35% |
0.30% |
|
Wise Growth ETF Portfolio |
C |
1.45% |
1.40% |
|
Wise Growth ETF Portfolio |
F |
0.45% |
0.40% |
|
Wise Maximum Growth ETF Portfolio |
C |
1.45% |
1.40% |
|
Wise Maximum Growth ETF Portfolio |
F |
0.45% |
0.40% |
In response to regulatory changes from the Canadian Securities Administrators that will forbid payment of trailing commissions to executing brokers, DI is also abolishing trailer fees for D-Class units of the Desjardins Funds, and will reduce management fees by up to 25 basis points for all D-Class units of 61 Desjardins Funds effective April 1.
The firm has also announced risk-rating changes to certain Desjardins Funds effective March 31:
|
Desjardins Funds |
Previous level of risk |
Revised risk level (March 31, 2021) |
|
Desjardins Emerging Markets Fund |
Medium to high |
Medium |
|
Desjardins Emerging Markets Opportunities Fund |
Medium to high |
Medium |
|
Desjardins Canadian Preferred Share Fund |
Low to medium |
Medium |
The changes were subject to regulatory approval as of the time of the announcement.
