Investment Types

Exceptions

Buying or selling a fund:
Desjardins Online Brokerage charges a commission of $32 (Internet trade) or $45 (representative-assisted trade) in these situations:

• Funds held less than 90 calendar days. Fund companies may charge a "short-term trading" fee.
• Funds transferred from another institution and held for less than 90 calendar days.
• The following funds are charged commissions for purchases, sales and switches, and have non-standard minimum purchase amounts: Tradex and Majestic Asset Management. This list may change without notice.
• The following funds charge commissions for sell orders and are not offered for purchases and switches: Investors, GBC Funds, FMOQ, MD Management, Professionnel du Québec, Stone, Cote 100, Férique.
• The following funds charge commissions for sell orders only: Jarislowski Fraser Funds “Series E” and Mawer Investments MGT.

Switches within the same fund family:

• 12 free annual switches per account for most funds.
• Subsequent switches are subject to commissions of $32 online or $45 through a representative.
• The fund company may charge short-term trading fees if you switch funds within 90 days of purchase.
• Short-term trading fees will not be charged by Desjardins Online Brokerage if you switch units within 90 days of purchase.

Some funds can charge different fees.

Other Fees

Some mutual funds carry a deferred sales charge (DSC):

These fees are charged by the fund company when you sell your funds. The charge decreases over time so the longer you hold the fund, the smaller the fee, until it is completely eliminated after 6 or 7 years, depending on the fund.

The deferred sales charge may be based on the value of the fund at the time of purchase. Below is an example of this type of DSC:

Sale within the first two years:	5.5% of the value at time of purchase
Sale during the third year:	5.0% of the value at time of purchase
Sale during the fourth year:	4.5% of the value at time of purchase
Sale during the fifth year:	4.0% of the value at time of purchase
Sale during the sixth year:	3.0% of the value at time of purchase
Sale during the seventh year:	1.5% of the value at time of purchase
Subsequent sale	No fees

The deferred sales charge may also be based on the fund value at the time of sale. Below is an example of this type of DSC:

Sale during the first year:	3.0% of the value at time of sale
Sale during the second year:	2.5% of the value at time of sale
Sale during the third year:	2.0% of the value at time of sale
Subsequent sale	No fees

All mutual funds include management fees represented by the management expense ratio ("MER"). The MER is expressed as an annualized percentage of a fund's average net assets.

We invite you to review the Fund Facts document or simplified prospectus for more information on the costs associated with buying, selling and holding mutual fund units.

Remuneration

Desjardins Online Brokerage may receive a trailing commission which represents a fee in respect of the ownership of mutual funds units. It is established according to the type of fund and generally varies between 0.25% and 1.5% of the assets held.