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Meritage Tactical ETF Moderate Portfolio Advisor Series/DSC

Tactical Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(06-12-2024)
$11.62
Change
$0.07 (0.61%)

As at May 31, 2024

As at May 31, 2024

Period
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Meritage Tactical ETF Moderate Portfolio Advisor Series/DSC

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Fund Returns

Inception Return (March 01, 2016): 3.13%

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 2.05% 1.06% 4.79% 1.50% 6.05% 2.89% 0.32% 3.03% 2.78% 2.59% 2.22% 2.74% - -
Benchmark 1.73% 1.94% 8.09% 5.92% 12.59% 9.18% 3.91% 4.98% 5.61% 5.55% 5.21% 6.18% 6.05% 6.97%
Category Average 2.21% 7.94% 7.94% 4.69% 10.63% 5.17% 2.44% 5.33% 4.64% 3.96% 3.59% 4.22% 3.47% 3.73%
Category Rank 216 / 360 302 / 358 284 / 358 322 / 358 307 / 356 278 / 356 292 / 342 278 / 334 262 / 324 250 / 301 243 / 285 221 / 264 - -
Quartile Ranking 3 4 4 4 4 4 4 4 4 4 4 4 - -

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.85% -0.09% -0.63% -3.04% -0.38% 4.64% 3.24% -0.62% 1.07% 1.23% -2.18% 2.05%
Benchmark 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80% -1.57% 1.73%

Best Monthly Return Since Inception

6.93% (April 2020)

Worst Monthly Return Since Inception

-9.00% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 4.92% -4.63% 10.81% 7.04% 6.09% -11.31% 7.62%
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 - - - 3 3 4 2 4 4 3
Category Rank - - - 176/ 274 217/ 296 245/ 312 118/ 332 280/ 336 267/ 355 223/ 356

Best Calendar Return (Last 10 years)

10.81% (2019)

Worst Calendar Return (Last 10 years)

-11.31% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 38.99
US Equity 14.48
Canadian Corporate Bonds 13.79
Canadian Equity 12.52
International Equity 11.18
Other 9.04

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 57.68
Financial Services 7.99
Technology 6.94
Cash and Cash Equivalent 3.53
Energy 3.38
Other 20.48

Geographic Allocation

Geographic Allocation
Name Percent
North America 84.07
Asia 5.77
Europe 4.70
Multi-National 4.57
Latin America 0.41
Other 0.48

Top Holdings

Top Holdings
Name Percent
BMO Aggregate Bond Index ETF (ZAG) 40.58
Schwab US Broad Market ETF (SCHB) 10.66
BMO S&P/TSX Capped Composite Index ETF (ZCN) 10.24
BMO Long Provincial Bond Index ETF (ZPL) 8.61
iShares Core MSCI EAFE ETF (IEFA) 6.90
Global X US 7-10 Yr Treas Bd Ind CC ETF (HTB) 4.57
BMO Corporate Bond Index ETF (ZCB) 4.03
NBI Liquid Alternatives ETF (NALT) 3.01
BMO MSCI Canada Value Index ETF (ZVC) 2.55
Franklin FTSE Japan ETF (FLJP) 1.68

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 Moderate Portfolio Advisor Series/DSC

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 8.22% 8.84% -
Beta 0.84% 0.98% -
Alpha -0.03% -0.03% -
Rsquared 0.87% 0.80% -
Sharpe -0.27% 0.12% -
Sortino -0.38% 0.02% -
Treynor -0.03% 0.01% -
Tax Efficiency - 81.77% -
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 -

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.49% 8.22% 8.84% -
Beta 0.88% 0.84% 0.98% -
Alpha -0.05% -0.03% -0.03% -
Rsquared 0.80% 0.87% 0.80% -
Sharpe 0.17% -0.27% 0.12% -
Sortino 0.73% -0.38% 0.02% -
Treynor 0.01% -0.03% 0.01% -
Tax Efficiency 89.98% - 81.77% -

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) $78

Fund Codes

FundServ Code Load Code Sales Status
NBC7542

Investment Objectives

The Portfolio’s investment objective is to achieve a steady rate of return 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.

Investment Strategy

The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 40%-80% of the net assets in Canadian and global fixed-income securities, 20%-60% 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 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 1.70%
Management Fee 1.15%
Load Front Fee Only
FE Max -
DSC Max 6.00%
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.75%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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