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Meritage Global Balanced Portfolio - Advisor Series/ISC
Global Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade D
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FundGrade A+® Rating Recipient
2017
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|
NAVPS (08-06-2026) |
$15.67 |
|---|---|
| Change |
-$0.06
(-0.41%)
|
As at June 30, 2026
As at March 31, 2026
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Fund Returns
Inception Return (August 28, 2014): 5.57%
| 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 | 1.92% | 9.94% | 8.36% | 8.36% | 13.66% | 11.81% | 10.71% | 9.45% | 4.52% | 6.56% | 5.84% | 5.59% | 5.34% | 5.69% |
| Benchmark | 2.26% | 10.26% | 9.92% | 9.92% | 17.43% | 15.00% | 14.69% | 13.77% | 7.96% | 8.39% | 8.32% | 7.94% | 7.96% | 8.11% |
| Category Average | 1.07% | 7.13% | 7.03% | 7.03% | 13.42% | 11.83% | 11.29% | 10.43% | 5.92% | 7.48% | 6.60% | 6.30% | 6.09% | 6.28% |
| Category Rank | 284 / 1,781 | 147 / 1,772 | 686 / 1,754 | 686 / 1,754 | 1,001 / 1,732 | 1,008 / 1,657 | 1,134 / 1,591 | 1,233 / 1,551 | 1,253 / 1,410 | 1,015 / 1,283 | 981 / 1,237 | 856 / 1,110 | 761 / 982 | 647 / 887 |
| Quartile Ranking | 1 | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 3 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.55% | 0.88% | 3.09% | 1.07% | 0.06% | -0.81% | 0.94% | 2.09% | -4.36% | 4.28% | 3.44% | 1.92% |
| Benchmark | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% | 2.26% |
Best Monthly Return Since Inception
7.78% (January 2015)
Worst Monthly Return Since Inception
-10.10% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.60% | 7.54% | -5.25% | 13.90% | 8.61% | 6.62% | -12.63% | 8.03% | 11.15% | 8.51% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.05% | 7.69% | -3.99% | 13.52% | 7.16% | 9.69% | -11.26% | 9.53% | 12.15% | 9.84% |
| Quartile Ranking | 2 | 2 | 4 | 2 | 2 | 4 | 4 | 4 | 4 | 3 |
| Category Rank | 227/ 841 | 358/ 914 | 895/ 1,059 | 403/ 1,175 | 481/ 1,264 | 1,153/ 1,344 | 1,136/ 1,486 | 1,224/ 1,573 | 1,289/ 1,620 | 1,136/ 1,676 |
Best Calendar Return (Last 10 years)
13.90% (2019)
Worst Calendar Return (Last 10 years)
-12.63% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 24.89 |
| International Equity | 18.49 |
| Canadian Equity | 15.92 |
| Canadian Corporate Bonds | 14.41 |
| Canadian Government Bonds | 13.02 |
| Other | 13.27 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 39.17 |
| Technology | 15.12 |
| Financial Services | 11.38 |
| Industrial Goods | 5.75 |
| Consumer Services | 4.71 |
| Other | 23.87 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 78.70 |
| Asia | 10.20 |
| Europe | 9.55 |
| Latin America | 1.19 |
| Africa and Middle East | 0.31 |
| Other | 0.05 |
Top Holdings
| Name | Percent |
|---|---|
| CI Canadian Bond Fund Series I | 14.08 |
| TD Canadian Core Plus Bond Fund - O Series | 13.98 |
| Capital Group Global Equity Fund (Canada) Ser I | 10.07 |
| TD Global Equity Focused Fund - Investor Series | 10.02 |
| Sun Life MFS Global Growth Fund Series I | 9.85 |
| AGF American Growth Fund Series O | 7.46 |
| Manulife Strategic Income Fund Series I | 6.07 |
| RP Strategic Income Plus Fund Class A | 5.99 |
| Leith Wheeler Canadian Equity Fund Series A | 5.23 |
| NBI Canadian All Cap Equity Fund O Series | 5.22 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Meritage Global Balanced Portfolio - Advisor Series/ISC
Median
Other - Global Neutral Balanced
3 Yr Annualized
| Standard Deviation | 7.66% | 8.58% | 8.31% |
|---|---|---|---|
| Beta | 1.03 | 0.97 | 0.98 |
| Alpha | -0.04 | -0.03 | -0.02 |
| Rsquared | 0.90% | 0.89% | 0.75% |
| Sharpe | 0.91 | 0.22 | 0.48 |
| Sortino | 1.64 | 0.30 | 0.49 |
| Treynor | 0.07 | 0.02 | 0.04 |
| Tax Efficiency | 94.66% | 91.47% | 92.97% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.82% | 7.66% | 8.58% | 8.31% |
| Beta | 1.02 | 1.03 | 0.97 | 0.98 |
| Alpha | -0.04 | -0.04 | -0.03 | -0.02 |
| Rsquared | 0.94% | 0.90% | 0.89% | 0.75% |
| Sharpe | 1.38 | 0.91 | 0.22 | 0.48 |
| Sortino | 2.15 | 1.64 | 0.30 | 0.49 |
| Treynor | 0.11 | 0.07 | 0.02 | 0.04 |
| Tax Efficiency | 88.39% | 94.66% | 91.47% | 92.97% |
Fund Details
| Start Date | August 28, 2014 |
|---|---|
| Instrument Type | Mutual Fund |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $184 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC7433 |
Investment Objectives
The Portfolio’s investment objective is to achieve a combination of income and long-term capital appreciation by investing primarily in a diverse mix of global fixed-income and global equity mutual funds.
Investment Strategy
The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 35%-55% of net assets in global fixed-income securities, 45%-65% of net assets in 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 | 5,000 |
| SWP Min Withdrawal | 50 |
Fees
| MER | 2.35% |
|---|---|
| Management Fee | 1.95% |
| Load | Back Fee Only |
| FE Max | 5.00% |
| DSC Max | - |
| Trailer Fee Max (FE) | 1.00% |
| Trailer Fee Max (DSC) | - |
| Trailer Fee Max (NL) | - |
| Trailer Fee Max (LL) | - |
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