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Meritage Balanced Income Portfolio - Advisor Series/DSC

Canadian Neutral Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2012

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NAVPS
(10-31-2024)
$6.13
Change
-$0.03 (-0.49%)

As at September 30, 2024

As at June 30, 2024

Period
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Legend

Meritage Balanced Income Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 4.35%

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 1.97% 6.31% 6.10% 9.19% 18.00% 9.68% 2.92% 5.26% 3.97% 4.23% 4.07% 3.99% 4.45% 4.05%
Benchmark 2.55% 7.82% 8.01% 11.27% 20.38% 12.17% 5.26% 7.09% 6.40% 6.76% 6.37% 6.00% 6.52% 5.60%
Category Average 1.95% 5.92% 6.31% 10.31% 18.44% 11.37% 4.07% 6.08% 5.36% 5.26% 5.01% 4.80% 5.07% 4.57%
Category Rank 297 / 452 190 / 452 308 / 452 407 / 446 328 / 444 391 / 426 376 / 405 346 / 391 371 / 376 358 / 368 340 / 355 318 / 342 297 / 326 261 / 294
Quartile Ranking 3 2 3 4 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Fund -1.43% 5.63% 3.79% -0.18% 1.54% 1.53% -2.54% 2.42% -0.01% 3.58% 0.65% 1.97%
Benchmark -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52% 0.56% 4.19% 0.91% 2.55%

Best Monthly Return Since Inception

6.63% (November 2020)

Worst Monthly Return Since Inception

-10.21% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.09% 0.80% 7.10% 5.64% -4.40% 12.15% 3.85% 9.78% -9.84% 7.13%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 3 2 3 3 3 4 4 4 4 4
Category Rank 216/ 288 147/ 301 207/ 334 215/ 347 208/ 358 292/ 368 302/ 377 323/ 392 340/ 412 341/ 432

Best Calendar Return (Last 10 years)

12.15% (2019)

Worst Calendar Return (Last 10 years)

-9.84% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 29.36
Canadian Government Bonds 20.45
Canadian Corporate Bonds 17.15
US Equity 13.98
Foreign Corporate Bonds 6.41
Other 12.65

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 46.93
Financial Services 14.19
Energy 5.34
Technology 4.79
Industrial Services 4.77
Other 23.98

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.11
Europe 4.07
Asia 2.08
Latin America 0.70
Africa and Middle East 0.03
Other 0.01

Top Holdings

Top Holdings
Name Percent
TD Canadian Core Plus Bond Fund - O Series 19.90
CI Canadian Bond Fund Class I 19.89
RBC Canadian Dividend Fund Series O 15.03
BMO Dividend Fund Series I 10.10
Beutel Goodman Canadian Dividend Fund Class I 9.98
RP Strategic Income Plus Fund Class O 5.11
Capital Group Global Equity Fund (Canada) Ser I 5.07
AGF American Growth Fund Mutual Fund Series 5.04
Manulife Strategic Income Fund Series I 5.01
EdgePoint Global Portfolio Series I 4.94

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 Balanced Income Portfolio - Advisor Series/DSC

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 9.02% 9.62% 7.57%
Beta 0.91% 0.91% 0.89%
Alpha -0.02% -0.02% -0.01%
Rsquared 0.96% 0.96% 0.93%
Sharpe -0.01% 0.22% 0.36%
Sortino 0.04% 0.19% 0.23%
Treynor 0.00% 0.02% 0.03%
Tax Efficiency 73.67% 82.18% 69.81%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.98% 9.02% 9.62% 7.57%
Beta 0.95% 0.91% 0.91% 0.89%
Alpha -0.01% -0.02% -0.02% -0.01%
Rsquared 0.94% 0.96% 0.96% 0.93%
Sharpe 1.53% -0.01% 0.22% 0.36%
Sortino 4.23% 0.04% 0.19% 0.23%
Treynor 0.13% 0.00% 0.02% 0.03%
Tax Efficiency 96.80% 73.67% 82.18% 69.81%

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) $184

Fund Codes

FundServ Code Load Code Sales Status
NBC7523

Investment Objectives

The Portfolio’s investment objective is to achieve a high current income 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: 40%-60% of net assets in Canadian and global fixed-income securities, 40%-60% 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 2.19%
Management Fee 1.80%
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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