Report

Interim Management Report dated March 31, 2011

• Integral version

• Desjardins Money Market Fund
• Desjardins Short-Term Income Fund (A-Class Units)
• Desjardins Short-Term Income Fund (I-Class Units)
• Desjardins Canadian Bond Fund (A-Class Units)
• Desjardins Canadian Bond Fund (I-Class Units)
• Desjardins Enhanced Bond Fund (A-Class Units)
• Desjardins Enhanced Bond Fund (I-Class Units)
• Desjardins Capital Yield Bond Fund (A-Class Units)
• Desjardins Capital Yield Bond Fund (I-Class Units)

• Desjardins Canadian Balanced Fund (A-Class Units)
• Desjardins Canadian Balanced Fund (I-Class Units)
• Desjardins Québec Balanced Fund (A-Class Units)
• Desjardins Québec Balanced Fund (T-Class Units)
• Desjardins Québec Balanced Fund (I-Class Units)
• Desjardins Dividend Income Fund (A-Class Units)
• Desjardins Dividend Income Fund (T-Class Units)
• Desjardins Dividend Income Fund (I-Class Units)

• Desjardins Dividend Growth Fund (A-Class Units)
• Desjardins Dividend Growth Fund (T-Class Units)
• Desjardins Dividend Growth Fund (I-Class Units)
• Desjardins Canadian Equity Value Fund (A-Class Units)
• Desjardins Canadian Equity Value Fund (T-Class Units)
• Desjardins Canadian Equity Value Fund (I-Class Units)
• Desjardins Canadian Equity Growth Fund (A-Class Units)
  (formerly Desjardins Canadian Equity Fund)
• Desjardins Canadian Equity Growth Fund (I-Class Units)
  (formerly Desjardins Canadian Equity Fund)
• Desjardins Environment Fund (A-Class Units)
• Desjardins Environment Fund (I-Class Units)
• Desjardins Canadian Small Cap Equity Fund (A-Class Units)
• Desjardins Canadian Small Cap Equity Fund (I-Class Units)

• Desjardins American Equity Value Fund (A-Class Units)
• Desjardins American Equity Value Fund (I-Class Units)
• Desjardins American Equity Growth Fund (A-Class Units)
• Desjardins American Equity Growth Fund (I-Class Units)

• Desjardins Overseas Equity Value Fund (A-Class Units)
• Desjardins Overseas Equity Value Fund (I-Class Units)
• Desjardins Overseas Equity Growth Fund (A-Class Units)
• Desjardins Overseas Equity Growth Fund (I-Class Units)
• Desjardins Global Equity Value Fund (A-Class Units)
• Desjardins Global Equity Value Fund (T-Class Units)
• Desjardins Global Equity Value Fund (I-Class Units)
• Desjardins Global All Cap Equity Fund (A-Class Units)
• Desjardins Global All Cap Equity Fund (T-Class Units)
• Desjardins Global All Cap Equity Fund (I-Class Units)
• Desjardins Global Small Cap Equity Fund (A-Class Units)
• Desjardins Global Small Cap Equity Fund (I-Class Units)
• Desjardins Emerging Markets Fund (A-Class Units)
• Desjardins Emerging Markets Fund (I-Class Units)

• Desjardins Completion Investments Fund (A-Class Units)
  (formerly Desjardins Alternative Investments Fund)
• Desjardins Completion Investments Fund (T-Class Units)
  (formerly Desjardins Alternative Investments Fund)
• Desjardins Completion Investments Fund (I-Class Units)
  (formerly Desjardins Alternative Investments Fund)
• Desjardins Global Real Estate Fund (A-Class Units)
• Desjardins Global Real Estate Fund (T-Class Units)
• Desjardins Global Real Estate Fund (I-Class Units)

• SocieTerra Secure Market Portfolio
• SocieTerra Balanced Portfolio
• SocieTerra Growth Portfolio
• SocieTerra Growth Plus Portfolio