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Meritage Moderate Income Portfolio - Advisor Series/DSC

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

Click for more information on Fundata’s FundGrade

NAVPS
(06-17-2025)
$6.88
Change
$0.00 (0.00%)

As at May 31, 2025

As at February 28, 2025

Period
Created with Highcharts 10.3.3Jan 2007Jul 2008Jan 2010Jul 2011Jan 2013Jul 2014Jan 2016Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025Jul 2022Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jul 2007Jan 2010Jul 2012Jan 2015Jul 2017Jan 2020Jul 2022Jan 2025Ja…$7,500$10,000$12,500$15,000$17,500$20,000$22,500$9,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Meritage Moderate Income Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 3.84%

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 2.11% -0.15% 0.64% 2.12% 8.91% 7.81% 4.68% 2.17% 3.84% 3.32% 3.52% 3.07% 3.47% 3.23%
Benchmark 1.45% 0.24% 1.49% 2.73% 11.95% 8.28% 5.45% 2.91% 3.57% 3.79% 4.13% 3.76% 3.93% 3.66%
Category Average 1.50% -0.63% 0.68% 1.76% 8.31% 7.53% 5.01% 2.42% 3.40% 3.28% 3.34% 2.95% 3.23% 2.91%
Category Rank 27 / 396 86 / 395 285 / 395 151 / 395 165 / 393 195 / 390 279 / 386 255 / 368 152 / 335 181 / 323 162 / 287 153 / 272 137 / 257 116 / 236
Quartile Ranking 1 1 3 2 2 2 3 3 2 3 3 3 3 2

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 0.33% 3.33% 0.47% 1.92% -0.68% 2.63% -1.45% 1.94% 0.33% -1.39% -0.83% 2.11%
Benchmark 1.88% 3.07% 0.70% 2.15% -0.59% 2.72% -1.20% 1.71% 0.76% -0.59% -0.60% 1.45%

Best Monthly Return Since Inception

5.31% (November 2023)

Worst Monthly Return Since Inception

-8.61% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 0.96% 5.67% 4.77% -3.26% 11.10% 5.76% 5.86% -10.93% 6.77% 8.13%
Benchmark 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79% 8.33%
Category Average 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21% 8.35%
Quartile Ranking 4 2 2 4 1 4 1 3 3 3
Category Rank 190/ 236 72/ 246 92/ 269 246/ 282 55/ 303 252/ 333 58/ 356 265/ 370 280/ 388 240/ 392

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 Equity 24.61
Canadian Government Bonds 22.41
Canadian Corporate Bonds 16.72
US Equity 11.01
Foreign Corporate Bonds 9.60
Other 15.65

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 52.13
Financial Services 14.04
Technology 5.06
Cash and Cash Equivalent 4.23
Consumer Services 4.00
Other 20.54

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.44
Europe 5.73
Asia 3.89
Latin America 0.80
Africa and Middle East 0.09
Other 0.05

Top Holdings

Top Holdings
Name Percent
CI Canadian Bond Fund Class I 19.43
TD Canadian Core Plus Bond Fund - O Series 19.42
Beutel Goodman Canadian Dividend Fund Class I 10.58
RBC Canadian Dividend Fund Series O 10.50
BMO Dividend Fund Series I 10.44
RP Strategic Income Plus Fund Class A 8.28
Manulife Strategic Income Fund Series I 8.25
Sun Life MFS Global Growth Fund Series I 2.95
Capital Group Global Equity Fund (Canada) Ser I 2.93
TD Global Equity Focused Fund - Investor Series 2.90

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)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return567891011120%2%4%6%8%10%

Meritage Moderate Income Portfolio - Advisor Series/DSC

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 8.06% 7.33% 6.76%
Beta 1.06% 1.06% 1.07%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.95% 0.93% 0.90%
Sharpe 0.12% 0.21% 0.25%
Sortino 0.37% 0.21% 0.08%
Treynor 0.01% 0.01% 0.02%
Tax Efficiency 83.06% 79.55% 70.59%
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 5.65% 8.06% 7.33% 6.76%
Beta 1.07% 1.06% 1.06% 1.07%
Alpha -0.04% -0.01% 0.00% -0.01%
Rsquared 0.89% 0.95% 0.93% 0.90%
Sharpe 0.92% 0.12% 0.21% 0.25%
Sortino 2.07% 0.37% 0.21% 0.08%
Treynor 0.05% 0.01% 0.01% 0.02%
Tax Efficiency 88.42% 83.06% 79.55% 70.59%

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) $98

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 Management

Portfolio Manager

National Bank Trust Inc.

Sub-Advisor

-

Management and Organization

Fund Manager

National Bank Investments Inc.

Custodian

Natcan Trust Company

Registrar

Natcan Trust Company

Distributor

-

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 1.92%
Management Fee 1.55%
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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