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Meritage Growth Income Portfolio - Advisor Series/DSC

Canadian Equity Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

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

Fundata ESG Grade C

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FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2013

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NAVPS
(04-17-2024)
$6.05
Change
$0.00 (0.00%)

As at March 31, 2024

As at December 31, 2023

As at February 29, 2024

Period
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Legend

Meritage Growth Income Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 4.86%

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 1.88% 4.08% 12.49% 4.08% 9.03% 1.82% 3.70% 8.61% 4.76% 4.78% 4.33% 5.03% 4.32% 4.71%
Benchmark 3.22% 4.61% 13.14% 4.61% 10.92% 3.03% 6.47% 12.42% 7.64% 7.62% 6.76% 7.65% 6.20% 6.37%
Category Average 1.89% 12.31% 12.31% 4.51% 10.27% 3.64% 5.44% 10.47% 6.11% 5.79% 5.14% 5.88% 4.79% 5.04%
Category Rank 233 / 376 291 / 375 236 / 374 291 / 375 280 / 372 322 / 369 325 / 360 314 / 334 306 / 328 265 / 306 234 / 280 240 / 268 210 / 257 184 / 237
Quartile Ranking 3 4 3 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.91% -3.52% 2.30% 0.75% -1.08% -3.31% -1.85% 6.02% 3.86% 0.25% 1.90% 1.88%
Benchmark 2.40% -4.11% 2.51% 1.67% -1.08% -3.16% -2.30% 6.66% 3.79% 0.07% 1.27% 3.22%

Best Monthly Return Since Inception

8.46% (November 2020)

Worst Monthly Return Since Inception

-11.44% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 7.56% 1.10% 8.55% 6.99% -5.11% 13.78% 2.73% 13.74% -8.52% 7.65%
Benchmark 10.25% -5.39% 15.95% 7.50% -6.34% 18.83% 6.85% 17.62% -7.12% 10.48%
Category Average 8.24% -2.09% 10.63% 6.12% -6.63% 14.36% 4.77% 15.38% -7.74% 9.70%
Quartile Ranking 3 2 3 2 2 4 3 3 3 4
Category Rank 160/ 231 90/ 257 173/ 265 129/ 277 108/ 306 254/ 326 231/ 334 258/ 360 215/ 368 313/ 372

Best Calendar Return (Last 10 years)

13.78% (2019)

Worst Calendar Return (Last 10 years)

-8.52% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 43.68
Canadian Government Bonds 14.34
US Equity 14.20
Canadian Corporate Bonds 12.15
Cash and Equivalents 4.90
Other 10.73

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 32.07
Financial Services 15.01
Mutual Fund 14.13
Energy 5.89
Industrial Services 5.41
Other 27.49

Geographic Allocation

Geographic Allocation
Name Percent
North America 94.49
Europe 2.91
Asia 1.71
Latin America 0.86
Africa and Middle East 0.01
Other 0.02

Top Holdings

Top Holdings
Name Percent
RBC Canadian Dividend Fund Series O 20.39
Beutel Goodman Canadian Dividend Fund Class I 14.13
TD Canadian Core Plus Bond Fund - O Series 14.11
BMO Dividend Fund Series I 14.06
CI Canadian Bond Fund Class I 14.05
EdgePoint Global Portfolio Series I 5.69
Capital Group Global Equity Fund (Canada) Ser I 5.62
AGF American Growth Fund Series O 5.27
RP Strategic Income Plus Fund Class O 3.60
Manulife Strategic Income Fund Series I 3.43

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 Growth Income Portfolio - Advisor Series/DSC

Median

Other - Canadian Equity Balanced

3 Yr Annualized

Standard Deviation 9.61% 10.72% 8.46%
Beta 0.85% 0.84% 0.80%
Alpha -0.02% -0.02% 0.00%
Rsquared 0.96% 0.95% 0.91%
Sharpe 0.15% 0.31% 0.42%
Sortino 0.16% 0.29% 0.32%
Treynor 0.02% 0.04% 0.04%
Tax Efficiency 82.19% 82.94% 76.60%
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 4 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 9.85% 9.61% 10.72% 8.46%
Beta 0.89% 0.85% 0.84% 0.80%
Alpha -0.01% -0.02% -0.02% 0.00%
Rsquared 0.97% 0.96% 0.95% 0.91%
Sharpe 0.44% 0.15% 0.31% 0.42%
Sortino 1.06% 0.16% 0.29% 0.32%
Treynor 0.05% 0.02% 0.04% 0.04%
Tax Efficiency 95.07% 82.19% 82.94% 76.60%

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 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) $92

Fund Codes

FundServ Code Load Code Sales Status
NBC7524

Investment Objectives

The Portfolio’s investment objective is to achieve a high 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: 25%-45% of net assets in Canadian and global fixed-income securities, 55%-75% 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 2.37%
Management Fee 1.95%
Load Back 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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