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Canadian Fix Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2012

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NAVPS
(04-15-2024)
$6.62
Change
-$0.04 (-0.60%)

As at March 31, 2024

As at December 31, 2023

Period
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Legend

Meritage Moderate Income Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 3.61%

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 1.38% -0.71% -1.13% 1.76% 5.78% 0.68% 0.69% 4.41% 2.48% 2.77% 2.58% 3.06% 2.58% 3.05%
Benchmark 1.39% 0.66% 8.93% 0.66% 4.90% 0.98% 1.16% 3.50% 2.76% 3.30% 3.07% 3.37% 2.86% 3.53%
Category Average 1.32% 9.28% 9.28% 1.80% 5.85% 1.44% 1.04% 3.71% 2.41% 2.60% 2.45% 2.80% 2.28% 2.78%
Category Rank 165 / 419 234 / 418 130 / 416 234 / 418 236 / 416 332 / 408 244 / 375 138 / 352 188 / 335 163 / 302 154 / 286 136 / 271 124 / 252 137 / 243
Quartile Ranking 2 3 2 3 3 4 3 2 3 3 3 3 2 3

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.49% -2.69% 1.06% 0.14% -0.77% -2.94% -1.13% 5.31% 3.72% -0.71% 1.09% 1.38%
Benchmark 1.40% -2.45% 0.81% -0.16% -0.48% -2.80% -0.48% 5.03% 3.54% -0.88% 0.16% 1.39%

Best Monthly Return Since Inception

5.31% (November 2023)

Worst Monthly Return Since Inception

-8.61% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.55% 0.96% 5.67% 4.77% -3.26% 11.10% 5.76% 5.86% -10.93% 6.77%
Benchmark 9.52% 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79%
Category Average 6.62% 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21%
Quartile Ranking 3 4 2 2 4 1 3 1 3 3
Category Rank 170/ 236 202/ 252 73/ 262 99/ 285 257/ 298 55/ 322 263/ 351 63/ 374 283/ 390 289/ 414

Best Calendar Return (Last 10 years)

11.10% (2019)

Worst Calendar Return (Last 10 years)

-10.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 26.92
Canadian Corporate Bonds 22.51
Canadian Equity 22.13
US Equity 7.75
Cash and Equivalents 6.50
Other 14.19

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 59.25
Financial Services 10.96
Cash and Cash Equivalent 6.50
Energy 4.14
Industrial Services 4.10
Other 15.05

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.34
Europe 2.94
Asia 1.94
Latin America 0.76
Africa and Middle East 0.02

Top Holdings

Top Holdings
Name Percent
TD Canadian Core Plus Bond Fund - O Series 26.65
CI Canadian Bond Fund Class I 26.27
RBC Canadian Dividend Fund Series O 15.26
BMO Dividend Fund Series I 10.19
RP Strategic Income Plus Fund Class O 5.99
Manulife Strategic Income Fund Series I 5.90
EdgePoint Global Portfolio Series I 5.10
Capital Group Global Equity Fund (Canada) Ser I 4.99
Cash and Cash Equivalents -0.34

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

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

Risk vs Return (3 Yr)

Meritage Moderate Income Portfolio - Advisor Series/DSC

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 8.03% 8.32% 6.52%
Beta 1.06% 1.09% 1.05%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.97% 0.93% 0.90%
Sharpe -0.20% 0.10% 0.28%
Sortino -0.35% -0.03% 0.05%
Treynor -0.02% 0.01% 0.02%
Tax Efficiency - 71.09% 70.94%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 2 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 8.34% 8.03% 8.32% 6.52%
Beta 1.06% 1.06% 1.09% 1.05%
Alpha 0.01% -0.01% 0.00% -0.01%
Rsquared 0.98% 0.97% 0.93% 0.90%
Sharpe 0.14% -0.20% 0.10% 0.28%
Sortino 0.62% -0.35% -0.03% 0.05%
Treynor 0.01% -0.02% 0.01% 0.02%
Tax Efficiency 87.70% - 71.09% 70.94%

Fund Details

Start Date September 25, 2006
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $107

Fund Codes

FundServ Code Load Code Sales Status
NBC7522

Investment Objectives

The Portfolio’s investment objective is to achieve a current income and long-term capital appreciation by investing primarily in a diverse mix of fixed-income and equity mutual funds.

Investment Strategy

The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 55%-75% of net assets in Canadian and global fixed-income securities, 25%-45% of net assets in Canadian and global equity securities. The Portfolio Manager may, at its sole discretion, review and adjust the target weighting of each asset class depending on economic and market conditions.

Portfolio Manager(s)

Name Start Date
National Bank Trust Inc. 11-06-2008

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 2.06%
Management Fee 1.55%
Load Back Fee Only
FE Max -
DSC Max 0.00%
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 0.75%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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