Warlock question: Felguard

Curious how felguard will work with Master Demonologist. Every single pet has its own benefits with that talent under demo tree but the tooltip says under felguard “The felguard benefits from all talents and effects that trigger or benefit any other your other demon minions”

does that mean Felguard will benefit all the master demonologist benefits?

Felguard had +5% dmg done and 5% dmg reduction. Not sure if it’s going to be the same but that’s my guess?