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Meritage Global Moderate Portfolio Advisor Series/DSC
Global Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade E
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|
NAVPS (07-03-2026) |
$13.37 |
|---|---|
| Change |
$0.00
(-0.03%)
|
As at May 31, 2026
As at February 28, 2026
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Fund Returns
Inception Return (March 01, 2016): 4.53%
| 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 | 2.87% | 2.13% | 4.05% | 4.99% | 11.18% | 9.38% | 8.81% | 6.32% | 3.28% | 4.71% | 4.52% | 4.27% | 3.92% | 4.30% |
| Benchmark | 4.15% | 4.24% | 6.13% | 7.49% | 17.74% | 14.74% | 14.02% | 11.92% | 8.11% | 8.14% | 8.14% | 7.77% | 7.25% | 7.84% |
| Category Average | 2.60% | 2.28% | 5.38% | 5.90% | 14.32% | 11.64% | 11.45% | 8.71% | 6.06% | 7.52% | 6.76% | 6.24% | 5.81% | 6.18% |
| Category Rank | 872 / 1,776 | 1,081 / 1,773 | 1,358 / 1,756 | 1,345 / 1,757 | 1,450 / 1,733 | 1,421 / 1,652 | 1,479 / 1,581 | 1,488 / 1,553 | 1,360 / 1,394 | 1,250 / 1,280 | 1,192 / 1,236 | 1,057 / 1,103 | 932 / 980 | 827 / 877 |
| Quartile Ranking | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.81% | 0.40% | 0.72% | 2.71% | 0.96% | 0.09% | -0.89% | 0.86% | 1.92% | -3.88% | 3.28% | 2.87% |
| Benchmark | 2.53% | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% | 4.15% |
Best Monthly Return Since Inception
5.51% (November 2020)
Worst Monthly Return Since Inception
-7.88% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 6.37% | -3.22% | 11.43% | 8.10% | 3.56% | -12.59% | 7.68% | 9.06% | 7.13% |
| 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 | - | 3 | 3 | 3 | 2 | 4 | 4 | 4 | 4 | 4 |
| Category Rank | - | 569/ 913 | 570/ 1,058 | 876/ 1,174 | 559/ 1,263 | 1,335/ 1,347 | 1,126/ 1,489 | 1,286/ 1,576 | 1,493/ 1,624 | 1,365/ 1,679 |
Best Calendar Return (Last 10 years)
11.43% (2019)
Worst Calendar Return (Last 10 years)
-12.59% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Corporate Bonds | 19.60 |
| Canadian Government Bonds | 19.23 |
| US Equity | 18.73 |
| International Equity | 14.21 |
| Canadian Equity | 11.77 |
| Other | 16.46 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 53.20 |
| Technology | 11.90 |
| Financial Services | 9.06 |
| Industrial Goods | 4.29 |
| Consumer Services | 3.61 |
| Other | 17.94 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 81.88 |
| Asia | 8.86 |
| Europe | 8.09 |
| Latin America | 0.85 |
| Africa and Middle East | 0.34 |
| Other | -0.02 |
Top Holdings
| Name | Percent |
|---|---|
| CI Canadian Bond Fund Series I | 19.29 |
| TD Canadian Core Plus Bond Fund - O Series | 19.24 |
| Manulife Strategic Income Fund Series I | 8.28 |
| RP Strategic Income Plus Fund Class A | 8.21 |
| TD Global Equity Focused Fund - Investor Series | 7.67 |
| Capital Group Global Equity Fund (Canada) Ser I | 7.54 |
| Sun Life MFS Global Growth Fund Series I | 7.38 |
| AGF American Growth Fund Series O | 5.56 |
| NBI Canadian All Cap Equity Fund O Series | 3.88 |
| RBC Vision Canadian Equity Fund Series O | 3.80 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Meritage Global Moderate Portfolio Advisor Series/DSC
Median
Other - Global Neutral Balanced
3 Yr Annualized
| Standard Deviation | 6.71% | 7.59% | 6.99% |
|---|---|---|---|
| Beta | 0.90 | 0.86 | 0.86 |
| Alpha | -0.03 | -0.04 | -0.02 |
| Rsquared | 0.89% | 0.91% | 0.81% |
| Sharpe | 0.76 | 0.08 | 0.37 |
| Sortino | 1.39 | 0.10 | 0.29 |
| Treynor | 0.06 | 0.01 | 0.03 |
| Tax Efficiency | 95.53% | 90.43% | - |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.74% | 6.71% | 7.59% | 6.99% |
| Beta | 0.88 | 0.90 | 0.86 | 0.86 |
| Alpha | -0.04 | -0.03 | -0.04 | -0.02 |
| Rsquared | 0.95% | 0.89% | 0.91% | 0.81% |
| Sharpe | 1.26 | 0.76 | 0.08 | 0.37 |
| Sortino | 1.83 | 1.39 | 0.10 | 0.29 |
| Treynor | 0.10 | 0.06 | 0.01 | 0.03 |
| Tax Efficiency | 93.22% | 95.53% | 90.43% | - |
Fund Details
| Start Date | March 01, 2016 |
|---|---|
| Instrument Type | Mutual Fund (Wrap Program) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $27 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC7532 |
Investment Objectives
The Portfolio’s investment objective is to achieve interest income and long-term capital appreciation by investing primarily in a diverse mix of mutual funds (that may include exchange-traded funds (“ETFs”)) that are global fixed-income funds and global equity funds. The weighting assigned to fixed-income securities will generally be greater than the weighting assigned to equity securities.
Investment Strategy
The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 50%-70% of the net assets in global fixed-income securities, 30%-50% of the net assets in global equity securities. The Portfolio Manager may, in 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 | 2.06% |
|---|---|
| Management Fee | 1.70% |
| 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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