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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
(05-30-2025)
$6.89
Change
-$0.01 (-0.14%)

As at April 30, 2025

As at January 31, 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 2025J…$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): 3.74%

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 -0.83% -1.89% 1.16% 0.01% 8.80% 5.24% 3.90% 1.86% 3.76% 2.87% 3.34% 2.84% 3.40% 3.02%
Benchmark -0.60% -0.44% 2.76% 1.26% 11.11% 6.18% 4.84% 2.90% 3.46% 3.66% 4.13% 3.63% 3.87% 3.51%
Category Average -1.05% -1.59% 1.43% 0.25% 8.74% 5.59% 4.41% 2.24% 3.35% 2.95% 3.22% 2.79% 3.21% 2.78%
Category Rank 132 / 395 306 / 395 317 / 395 297 / 395 228 / 393 266 / 390 301 / 386 252 / 357 161 / 334 198 / 317 166 / 286 154 / 271 144 / 256 130 / 236
Quartile Ranking 2 4 4 4 3 3 4 3 2 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr
Fund 2.01% 0.33% 3.33% 0.47% 1.92% -0.68% 2.63% -1.45% 1.94% 0.33% -1.39% -0.83%
Benchmark 0.69% 1.88% 3.07% 0.70% 2.15% -0.59% 2.72% -1.20% 1.71% 0.76% -0.59% -0.60%

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 57/ 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 24.45
Canadian Government Bonds 20.29
Canadian Corporate Bonds 17.71
US Equity 11.38
Foreign Corporate Bonds 9.63
Other 16.54

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 52.72
Financial Services 14.14
Technology 5.40
Energy 3.94
Consumer Services 3.92
Other 19.88

Geographic Allocation

Geographic Allocation
Name Percent
North America 88.86
Europe 5.66
Asia 4.44
Latin America 0.86
Africa and Middle East 0.10
Other 0.08

Top Holdings

Top Holdings
Name Percent
TD Canadian Core Plus Bond Fund - O Series 19.45
CI Canadian Bond Fund Class I 19.45
BMO Dividend Fund Series I 10.50
RBC Canadian Dividend Fund Series O 10.47
Beutel Goodman Canadian Dividend Fund Class I 10.43
RP Strategic Income Plus Fund Class A 8.29
Manulife Strategic Income Fund Series I 8.28
Capital Group Global Equity Fund (Canada) Ser I 3.05
Sun Life MFS Global Growth Fund Series I 3.00
TD Global Equity Focused Fund - Investor Series 2.99

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 8.00% 7.32% 6.73%
Beta 1.05% 1.05% 1.07%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.95% 0.93% 0.90%
Sharpe 0.03% 0.21% 0.22%
Sortino 0.22% 0.20% 0.04%
Treynor 0.00% 0.01% 0.01%
Tax Efficiency 79.87% 79.35% 68.56%
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 5.62% 8.00% 7.32% 6.73%
Beta 1.03% 1.05% 1.05% 1.07%
Alpha -0.02% -0.01% 0.00% -0.01%
Rsquared 0.83% 0.95% 0.93% 0.90%
Sharpe 0.87% 0.03% 0.21% 0.22%
Sortino 2.03% 0.22% 0.20% 0.04%
Treynor 0.05% 0.00% 0.01% 0.01%
Tax Efficiency 88.08% 79.87% 79.35% 68.56%

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) $96

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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