Amendment No. 1. To the Annual Information Form dated March 29, 2018 dated June 7, 2018 RESPECTING THE SECURITIES OF THE FOLLOWING FUNDS: TRUST FUNDS

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1 Amendment No. 1 To the Annual Information Form dated March 29, 2018 dated June 7, 2018 RESPECTING THE SECURITIES OF THE FOLLOWING FUNDS: TRUST FUNDS INCOME FUNDS Desjardins Global Tactical Bond Fund BALANCED FUNDS Desjardins Dividend Income Fund GLOBAL AND INTERNATIONAL EQUITY FUNDS Desjardins Overseas Equity Value Fund Desjardins Global Dividend Fund Desjardins Global Equity Value Fund Desjardins Emerging Markets Fund (individually the Fund and collectively the Funds )

2 The Annual Information Form dated March 29, 2018, is hereby amended in respect of the Funds as indicated below. All of the defined terms have the meaning given in the Annual Information Form unless they are otherwise specifically defined in this Amendment No. 1. GENERAL SUMMARY OF AMENDMENTS The amendments described in this document reflect the changes, indicated below, made to the Funds 1. Starting July 9, 2018, reduced management fees for each class of the Funds securities indicated below: Actual Management Fees, Before Taxes % Management Fees Starting July 9, 2018, Before Taxes % Reduction % Desjardins Funds (A-, T-, C-, R- and Z-Class Units) Desjardins Dividend Income Fund (A-, T-, C- and R-Class Units) (0.05) Desjardins Overseas Equity Value Fund (A- and C-Class Units) (0.29) Desjardins Global Dividend Fund (A-, T-, C- and R-Class Units) (0.05) Desjardins Emerging Markets Funds (A- and C-Class Units) (0.20) Desjardins Funds (F- and S-Class Units) Desjardins Global Tactical Bond Fund (F-Class Units) (0.15) Desjardins Dividend Income Fund (F- and S-Class Units) (0.05) Desjardins Overseas Equity Value Fund (F-Class Units) (0.09) Desjardins Global Dividend Fund (F-and S-Class Units) (0.05) Desjardins Emerging Markets Fund (F-Class Units) (0.05) Desjardins Funds (D-Class Units) Desjardins Dividend Income Fund (D-Class Units) (0.05) Desjardins Overseas Equity Value Fund (D-Class Units) (0.29) Desjardins Global Dividend Fund (D-Class Units) (0.05) Desjardins Emerging Markets Fund (D-Class Units) (0.20) 2. Change of name Desjardins Investments Inc., the manager of the Fund (the Manager ) intends to change the name of the Desjardins Overseas Equity Value Fund. The new name of the fund will be Desjardins Overseas Equity Fund. 3. Changes to the mandates of the portfolio sub-managers The Manager intends to proceed with the following changes regarding the mandates of the portfolio sub-managers: Desjardins Funds Former portfolio sub-manager Sole portfolio manager Desjardins Dividend Income Fund Desjardins Overseas Equity Value Fund Desjardins Global Equity Value Fund Desjardins Emerging Markets Fund Former portfolio sub-manager Desjardins Global Asset Management Inc. New portfolio sub-manager Fiera Capital Corporation Lazard Asset Management LLC Lazard Asset Management LLC 4. Changes to the investment strategies The Manager will make changes to the investment strategies in order to reflect the investment philosophy of the Portfolio Manager. The Manager intends to implement the above changes on or about July 9, The Manager reserves the right to delay implementing all or part of changes above described in this amendment, or to refrain from implementing those changes at all. These changes are described in detail in Amendment No. 1 to the Simplified Prospectus dated June 7,

3 SPECIFIC CHANGES 1. Change of name On or about July 9, 2018, the manager will change the name of Desjardins Overseas Equity Value Fund. The new name will be Desjardins Overseas Equity Fund. To reflect this change of name, the annual information form of the Fund is amended by replacing all references to the current name of the Fund by its new name, as follows: Desjardins Overseas Equity Fund (formerly Desjardins Overseas Equity Value Fund). 2. Change of the portfolio sub-manager The section entitled Portfolio Managers regarding Desjardins Global Asset Management Inc. is amended as follows: a) The biographical notes of Christian Felx are amended as follows: Christian Felx is principally responsible for portfolio advisory services provided to the Desjardins Québec Balanced Fund and Desjardins SocieTerra Environment Fund portfolio. Mr. Felx is a portfolio manager and helps develop and structure securities investment products. Mr. Felx began his career in 2005 with the Caisse de dépôt et placement du Québec as a quantitative strategies analyst. He joined the Portfolio Manager in 2007 as a portfolio manager. A Chartered Financial Analyst (CFA), Mr. Felx holds a Master in Economics with a specialization in Financial Economics from Université de Montréal. b) The biographical notes of Marc Provost and Tommy Nguyen are amended as follows: Marc Provost and Tommy Nguyen share responsibility for the portfolio advisory services provided to the Desjardins Dividend Income Fund, Desjardins Canadian Equity Fund and Desjardins SocieTerra Canadian Equity Fund. Mr. Provost is the Managing Director in charge of the Canadian equity team and co-manager of the general portfolio. Mr. Provost has been working in the investment industry for nearly 35 years, and has assumed a wide variety of responsibilities. He joined the Portfolio Manager in Previously, Mr. Provost was Senior Vice President and Chief Investment Officer at Intact Insurance Company from 2004 to A Chartered Financial Analyst (CFA), Mr. Provost earned a degree from HEC Montréal and a Bachelor s of Business Administration with a specialization in Finance. Mr. Nguyen is Director, Canadian Equities and co-manager of the general portfolio. Before joining the Portfolio Manager in 2015, Mr. Nguyen was Senior Manager of Canadian equities at Financière des professionnels since Prior to that, he acted as manager of Canadian equities at Palos Management starting in Mr. Nguyen holds a software engineering degree from Concordia University, and earned an Executive Master in Business Administration from Athabasca University. The section entitled under Portfolio Managers is amended as follows: a) The first paragraph is amended as follows: ( Aberdeen ) has been retained as a sub-manager for the investment portfolios of Desjardins Emerging Markets Bond Fund. b) The biographical notes of Devan Kaloo and Stephan Docherty are deleted. The section entitled Fiera Capital Corporation under Portfolio Managers is amended as follows: a) The first paragraph is amended as follows: Fiera Capital Corporation ( Fiera ) has been retained as sub-manager for the Desjardins Canadian Small Cap Equity Fund and the Desjardins Overseas Equity Fund (formerly Desjardins Overseas Equity Value Fund). b) The following paragraph is inserted at the end of the subsection: Nadim Rizk is responsible for the advisory services provided to the Desjardins Overseas Equity Fund (formerly Desjardins Overseas Equity Value Fund) portfolio. Nadim Rizk is head of the Global Equity team and is the lead Portfolio Manager of the U.S., International and Global equity strategies. He joined the ranks of Fiera in 2009 as Vice President and Senior Portfolio Manager, Global Equities. Mr. Rizk began his career in 1998, holding the position of Financial Analyst at CN Investments. He worked for Montrusco Bolton for nine years, five of which he spent as Head of Global Equities & Manager of the U.S. and Global equity funds. Mr. Rizk has a Master of Business Administration from McGill University and is a Chartered Financial Analyst (CFA). The section entitled Lazard Asset Management LLC under Portfolio Managers is amended as follows: a) The first paragraph is amended as follows: Lazard Asset Management LLC ( LAM ) has been retained as sub-manager for the investment portfolio of Desjardins Global Equity Value Fund, of Desjardins Global Small Cap Equity Fund and of Desjardins Emerging Markets Fund. b) The following paragraphs are added at the end of the third paragraph of the subsection: Louis Florentin-Lee and Barnaby Wilson share responsibility for the portfolio advisory services provided to the Desjardins Overseas Equity Value Fund. Louis Florentin-Lee is a Director and Portfolio Manager/Analyst on the Global Equity Select and Global Compounders teams. He was formerly co-portfolio Manager/Analyst for the Lazard European Explorer Fund between 2004 and Mr. Florentin-Lee began working in the investment industry in Prior to joining Lazard in 2004, he was an equity research analyst at Soros Funds Limited and Schroder Investment Manager. He has a BSc (Hons) in Economics from the London School of Economics. Barnaby Wilson is a Portfolio Manager/Analyst on the Global Equity Select, Global Strategic Equity and Global Compounders teams. Mr. Wilson began working in the investment field in Prior to joining Lazard in 1999, he worked for Orbitex Investments as Research Analyst. He holds a BA (Hons) in Mathematics and Philosophy from Balliol College, Oxford University. 2

4 c) The following paragraph is added at the end of the subsection: Stephen Russel is responsible for the portfolio advisory services provided to the Desjardins Emerging Markets Fund. Stephen Russel is a Portfolio Manager/Analyst on the Emerging Markets Core Equity and Latin America Equity teams, focusing primarily on emerging market investments within Asia. Prior to joining Lazard in 2011, he was a Portfolio Manager for Deutsche Asset Management s Emerging Markets and Latin America Equity Institutional and Retail strategies. Before joining Deutsche Asset Management in 2001, Stephen was an Analyst at Soros Fund Management s Quantum Emerging Market Growth Fund and at Robert Fleming Inc. s Latin America Research Group. He started working in the investment field in Stephen holds a BS in Foreign Service and International Economics from Georgetown University. 3

5 CERTIFICATE OF THE FUNDS, THE MANAGER AND THE PROMOTER TRUST FUNDS INCOME FUNDS Desjardins Global Tactical Bond Fund BALANCED FUNDS Desjardins Dividend Income Fund GLOBAL AND INTERNATIONAL EQUITY FUNDS Desjardins Overseas Equity Value Fund Desjardins Global Dividend Fund Overseas Global Equity Value Fund Desjardins Emerging Markets Fund (individually the Fund and collectively the Funds ) This Amendment No. 1 is dated June 7, This Amendment No. 1, together with the Annual Information Form dated March 29, 2018 and the Simplified Prospectus dated March 29, 2018, as amended by Amendment No. 1 dated June 7, 2018 and the documents incorporated by reference into the Simplified Prospectus constitute full, true and plain disclosure of all material facts relating to the securities offered by the Simplified Prospectus, as required by securities legislation in all provinces and territories of Canada, and do not contain any misrepresentation. DATED June 7, 2018 DESJARDINS INVESTMENTS INC. as Manager and Promoter of the Funds, as well as for and on behalf of the Trustees of the Funds other than the Corporate Funds. (signed) Éric Landry Éric Landry, President and Chief Operating Officer (signed in his capacity of Chief Executive Officer) (signed) Mario Pellerin Mario Pellerin, Assistant Chief Financial Officer (signed in his capacity of Chief Financial Officer) On behalf of the Board of Directors of Desjardins Investments Inc. in its capacity as Manager and Promoter of the Funds, as well as for and on behalf of the Trustee of the Funds other than the Corporate Funds. (signed) Sébastien Vallée Sébastien Vallée Director (signed) Roger Tessier Roger Tessier Director 4

6 Desjardins Investments Inc. Desjardins Funds Customer Service (for the Montréal area) info.fondsdesjardins@desjardins.com desjardinsfunds.com