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Meritage Tactical ETF Growth Portfolio Advisor Series/DSC

Tactical Balanced

FundGrade B Click for more information on Fundata’s FundGrade

FundGrade B

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(12-06-2024)
$15.25
Change
$0.09 (0.59%)

As at October 31, 2024

As at October 31, 2024

As at July 31, 2024

Period
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Legend

Meritage Tactical ETF Growth Portfolio Advisor Series/DSC

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Fund Returns

Inception Return (March 01, 2016): 5.91%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund -0.21% 2.40% 8.82% 11.65% 20.93% 12.25% 3.88% 7.70% 6.26% 6.67% 5.11% 5.47% - -
Benchmark 0.21% 2.39% 9.50% 14.01% 22.16% 14.87% 4.91% 6.20% 6.36% 7.25% 6.28% 6.58% 6.60% 7.43%
Category Average -0.28% 2.17% 7.85% 10.47% 19.51% 10.52% 3.22% 6.15% 5.04% 5.44% 4.18% 4.52% 4.44% 4.16%
Category Rank 197 / 343 148 / 341 122 / 340 154 / 338 132 / 338 105 / 336 145 / 331 99 / 314 94 / 307 100 / 290 121 / 273 100 / 254 - -
Quartile Ranking 3 2 2 2 2 2 2 2 2 2 2 2 - -

Monthly Return

Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 5.18% 2.99% 0.23% 2.44% 2.09% -2.12% 2.46% 0.51% 3.19% 0.14% 2.47% -0.21%
Benchmark 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73% 1.79% 3.28% -0.07% 2.25% 0.21%

Best Monthly Return Since Inception

8.48% (April 2020)

Worst Monthly Return Since Inception

-12.03% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 8.13% -6.69% 14.58% 7.39% 11.95% -10.84% 10.29%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking - - - 1 4 2 2 2 3 1
Category Rank - - - 47/ 254 270/ 273 87/ 291 90/ 312 139/ 314 227/ 335 76/ 336

Best Calendar Return (Last 10 years)

14.58% (2019)

Worst Calendar Return (Last 10 years)

-10.84% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 26.35
Canadian Equity 22.46
International Equity 20.00
Canadian Government Bonds 18.25
Canadian Corporate Bonds 6.50
Other 6.44

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 27.04
Financial Services 15.14
Technology 13.52
Energy 5.67
Basic Materials 5.21
Other 33.42

Geographic Allocation

Geographic Allocation
Name Percent
North America 78.09
Asia 11.21
Europe 6.91
Multi-National 2.11
Latin America 1.01
Other 0.67

Top Holdings

Top Holdings
Name Percent
Schwab US Broad Market ETF (SCHB) 19.39
BMO Aggregate Bond Index ETF (ZAG) 19.01
BMO S&P/TSX Capped Composite Index ETF (ZCN) 18.41
iShares Core MSCI EAFE ETF (IEFA) 9.75
BMO MSCI Canada Value Index ETF (ZVC) 4.54
Schwab amental EM Large Co Index ETF (FNDE) 4.36
BMO Long Provincial Bond Index ETF (ZPL) 4.06
NBI Liquid Alternatives ETF (NALT) 2.91
iShares Core MSCI Emerging Markets ETF (IEMG) 2.84
Invesco S&P 500 Eql Wght ETF (RSP) 2.78

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Meritage Tactical ETF Growth Portfolio Advisor Series/DSC

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 9.95% 11.37% -
Beta 1.03% 1.21% -
Alpha -0.01% -0.01% -
Rsquared 0.87% 0.77% -
Sharpe 0.08% 0.39% -
Sortino 0.19% 0.46% -
Treynor 0.01% 0.04% -
Tax Efficiency 85.22% 91.79% -
Volatility Volatility rating is 5 on a scale of 1 to 10 Volatility rating is 5 on a scale of 1 to 10 -

Risk Rating

Rating 5 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 6.76% 9.95% 11.37% -
Beta 1.07% 1.03% 1.21% -
Alpha -0.02% -0.01% -0.01% -
Rsquared 0.90% 0.87% 0.77% -
Sharpe 2.18% 0.08% 0.39% -
Sortino 6.78% 0.19% 0.46% -
Treynor 0.14% 0.01% 0.04% -
Tax Efficiency 98.24% 85.22% 91.79% -

Fundata ESG Metrics

Fundata ESG Score

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

Fund Details

Start Date March 01, 2016
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $116

Fund Codes

FundServ Code Load Code Sales Status
NBC7544

Investment Objectives

The Portfolio’s investment objective is to achieve a combination of income and long-term capital appreciation by making tactical investments primarily in a diverse mix of exchange-traded funds (“ETFs”) that are fixed-income funds and equity funds. The weighting assigned to equity securities will generally be greater than the weighting assigned to fixed-income securities.

Investment Strategy

The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 10%-50% of the net assets in Canadian and global fixed-income securities, 50%-90% of the net assets in Canadian and global equity securities. The Portfolio achieves exposure to the above asset classes by investing up to 100% of its net assets in ETFs.

Portfolio Manager(s)

Name Start Date
National Bank Trust Inc. 07-19-2021

Management and Organization

Fund Manager National Bank Investments Inc.
Advisor National Bank Trust Inc.
Custodian Natcan Trust Company
Registrar Natcan Trust Company
Distributor -
Auditor Raymond Chabot Grant Thornton LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance 10,000
SWP Min Withdrawal 50

Fees

MER 1.74%
Management Fee 1.40%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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