MONTREAL, Feb. 2, 2024
/CNW/ - Desjardins received five trophies at the annual Fundata
Canada Inc. FundGrade A+® Awards ceremony, held last
night. The five FundGrade A+® Awards
won by Desjardins break down as follows: one mutual fund, two
guaranteed investment funds and two responsible investment
exchange traded funds (ETFs) . All these funds were rewarded for
their sustained performance during 2023. The FundGrade
A+® Awards celebrate Canadian funds
that displayed the best risk-adjusted returns and maintained high
FundGrade scores throughout an entire calendar year.
"We are extremely honoured and proud that Desjardins has been
recognized by Fundata this year for three types of investment
products, meeting the different needs of our members and clients.
These awards testify to our unwavering commitment to offering
high-performance and tailored investment solutions that
empower our members and clients financially," said Jean-François
Girard, Manager of Investment Funds Development and
Management.
The following mutual fund offered by Desjardins Investments Inc.
was awarded Fundata's FundGrade A+®
rating:
Fund
Name
|
CIFSC
Category*
|
FundGrade Start
Date**
|
Fund
Count
|
Desjardins Floating
Rate Income Fund
|
Multi-Sector Fixed
Income
|
1/31/2015
|
139
|
The following guaranteed investment funds (GIFs) offered by
Desjardins Financial Security, Life Insurance Company were awarded
Fundata's FundGrade A+® rating:
Fund
Name
|
CIFSC
Category*
|
FundGrade Start
Date**
|
Fund
Count
|
DFS GIF - International
Equity - MFS
|
International
Equity
|
1/31/2014
|
318
|
DFS GIF – Maximum
Growth
|
Global Equity
Balanced
|
1/31/2015
|
797
|
The following Exchange Traded Funds (ETFs) offered by Desjardins
Global Asset Management Inc. were awarded Fundata's
FundGrade A+® rating:
Fund
Name
|
CIFSC
Category*
|
Fund Count
|
FundGrade Start
Date**
|
Desjardins RI Canada
Multifactor – Net-Zero Emissions Pathway
ETF (DRFC)
|
Canadian
Equity
|
360
|
1/31/2019
|
Desjardins RI Emerging
Markets Multifactor – Net-Zero Emissions Pathway ETF
(DRFE)
|
Emerging Markets
Equity
|
146
|
1/31/2020
|
* The Canadian
Investment Funds Standards Committee (CIFSC) is a Canadian
independent organization that defines the categories of
funds.
|
** The end date for the
FundGrade calculation is December 31, 2023 for the period from
January 1, 2023 to December 31, 2023.
|
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
$414.1 billion as
at September 30, 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.
FundGrade A+® is used with permission from Fundata
Canada Inc., all rights reserved. The annual FundGrade
A+® Awards are presented by Fundata
Canada Inc. to recognize the "best of the best" among Canadian
investment funds. The FundGrade A+®
calculation is supplemental to the monthly FundGrade ratings and is
calculated at the end of each calendar year. The FundGrade rating
system evaluates funds based on their risk-adjusted performance,
measured by Sharpe Ratio, Sortino Ratio, and Information Ratio. The
score for each ratio is calculated individually, covering all time
periods from 2 to 10 years. The scores are then
weighted equally in calculating a monthly FundGrade. The top 10% of
funds earn an A Grade; the next 20% of funds earn a B Grade; the
next 40% of funds earn a C Grade; the next 20% of funds receive a D
Grade; and the lowest 10% of funds receive an E Grade. To be
eligible, a fund must have received a FundGrade rating every month
in the previous year. The
FundGrade A+® uses a GPA-style
calculation, where each monthly FundGrade from
"A" to "E" receives a score from
4 to 0, respectively. A fund's average score for
the year determines its GPA. Any fund with a GPA of 3.5 or greater
is awarded a FundGrade A+® Award. For
more information, see www.FundGradeAwards.com. Although Fundata
makes every effort to ensure the accuracy and reliability of the
data contained herein, the accuracy is not guaranteed by
Fundata.
The Desjardins Floating Rate Income Fund received the A+
Grade in the Multi-Sector Fixed Income, out of a total of 139 funds
competing in this category as defined by the Canadian Investment
Funds Standards Committee (CIFSC), a Canadian independent
organisation from Fundata. The DFS GIF - International
Equity – MFS received the A+ Grade
in the International Equity category, out of a total of 318 funds
competing in this category as defined by the CIFSC. The DFS
GIF – Maximum Growth received the A+ Grade in
the Global Equity Balanced category, out of a total of 797 funds
competing in this category as defined by the CIFSC. The
Desjardins RI Canada Multifactor – Net-Zero
Emissions Pathway ETF (DRFC) received the A+ Grade in the
Canadian Equity category, out of a total of 360 funds competing in
this category as defined by the CIFSC. The Desjardins RI
Emerging Markets Multifactor – Net-Zero Emissions
Pathway ETF (DRFE) received the A+ Grade in the Emerging
Markets Equity category, out of a total of 146 funds competing in
this category as defined by the CIFSC. This grade is attributed for
the period from January 1, 2023 to
December 31, 2023.
The 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 all may be associated with mutual fund investments.
Please read the prospectus before investing. The indicated rates of
return are the historical annual compounded total returns,
including changes in unit value and reinvestment of all
distributions and do not consider sales, redemption, distribution
or other optional charges, or income taxes payable by any security
holder, that would have reduced returns. The Desjardins Funds are
offered by registered dealers.
DFS Guaranteed Investment Funds are established by Desjardins
Financial Security Life Assurance Company. Helios and DFS
Guaranteed Investment Funds are registered trademarks of Desjardins
Financial Security Life Assurance Company. DESJARDINS INSURANCE
refers to Desjardins Financial Security Life Assurance Company.
DESJARDINS, DESJARDINS INSURANCE and related trademarks are
trademarks of the Fédération des caisses Desjardins du Québec used
under license.
Desjardins Exchange Traded Funds (ETF) are not guaranteed, their
value fluctuates frequently, and their past performance is not
indicative of their future returns. Commissions, management fees
and expenses may all be associated with mutual fund investments.
The indicated rates of return are the historical annual compounded
total returns, including changes in securities value and
reinvestment of all distributions and do not take into account
sales, redemption, distribution or optional charges or income taxes
payable by any securityholder that would have reduced returns.
Please read the prospectus before investing. The Desjardins ETF 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