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Tactical Balanced
Click for more information on Fundata’s FundGrade
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-27-2025) |
$14.26 |
|---|---|
| Change |
-$0.02
(-0.14%)
|
As at July 31, 2025
As at July 31, 2025
Inception Return (March 01, 2016): 4.90%
| 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 | 0.80% | 5.61% | 1.38% | 3.80% | 7.84% | 9.22% | 7.29% | 3.39% | 5.38% | 4.99% | 4.59% | 4.72% | 4.37% | - |
| Benchmark | 1.48% | 6.62% | 2.10% | 4.88% | 10.66% | 13.20% | 11.58% | 5.69% | 6.45% | 7.05% | 6.81% | 7.24% | 6.89% | 6.68% |
| Category Average | 0.58% | 5.14% | 2.00% | 4.39% | 7.88% | 9.53% | 7.62% | 4.00% | 5.76% | 5.31% | 4.83% | 4.79% | 4.68% | 4.28% |
| Category Rank | 128 / 324 | 115 / 321 | 168 / 317 | 180 / 317 | 158 / 317 | 185 / 312 | 176 / 311 | 203 / 305 | 182 / 296 | 168 / 288 | 175 / 266 | 166 / 257 | 162 / 241 | - |
| Quartile Ranking | 2 | 2 | 3 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | - |
| Return % | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.23% | 2.30% | -0.37% | 3.16% | -1.41% | 2.38% | -0.29% | -1.90% | -1.86% | 2.80% | 1.92% | 0.80% |
| Benchmark | -0.07% | 2.25% | 0.21% | 2.87% | 0.17% | 2.72% | -0.03% | -2.06% | -2.19% | 2.47% | 2.53% | 1.48% |
7.64% (April 2020)
-10.60% (March 2020)
| Return % | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | 6.73% | -5.68% | 12.45% | 7.27% | 9.01% | -10.89% | 8.54% | 11.14% |
| Benchmark | 17.05% | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% |
| Category Average | 0.31% | 5.78% | 6.18% | -5.55% | 12.58% | 5.65% | 9.53% | -9.83% | 8.35% | 11.73% |
| Quartile Ranking | - | - | 2 | 4 | 3 | 2 | 3 | 3 | 2 | 3 |
| Category Rank | - | - | 99/ 244 | 232/ 258 | 174/ 274 | 92/ 294 | 207/ 296 | 227/ 310 | 154/ 311 | 204/ 313 |
12.45% (2019)
-10.89% (2022)
| Name | Percent |
|---|---|
| Canadian Equity | 23.06 |
| International Equity | 21.62 |
| US Equity | 20.17 |
| Canadian Government Bonds | 19.45 |
| Canadian Corporate Bonds | 9.05 |
| Other | 6.65 |
| Name | Percent |
|---|---|
| Fixed Income | 31.38 |
| Financial Services | 15.95 |
| Technology | 12.00 |
| Basic Materials | 6.41 |
| Consumer Services | 4.96 |
| Other | 29.30 |
| Name | Percent |
|---|---|
| North America | 76.00 |
| Europe | 10.91 |
| Asia | 9.05 |
| Latin America | 0.99 |
| Africa and Middle East | 0.87 |
| Other | 2.18 |
| Name | Percent |
|---|---|
| BMO Aggregate Bond Index ETF (ZAG) | 22.45 |
| Schwab US Broad Market ETF (SCHB) | 14.42 |
| BMO S&P/TSX Capped Composite Index ETF (ZCN) | 13.38 |
| iShares Core MSCI EAFE ETF (IEFA) | 11.49 |
| CI MStar Canada Moment Indx ETF (WXM) | 6.60 |
| Schwab amental EM Large Co Index ETF (FNDE) | 4.57 |
| BMO Corporate Bond Index ETF (ZCB) | 3.83 |
| iShares Broad USD High Yield Corp Bond ETF (USHY) | 3.21 |
| BMO MSCI USA High Quality Index ETF (ZUQ) | 3.07 |
| Invesco S&P 500 Eql Wght ETF (RSP) | 3.05 |
Meritage Tactical ETF Balanced Portfolio Advisor Series/DSC
Median
Other - Tactical Balanced
| Standard Deviation | 7.76% | 8.19% | - |
|---|---|---|---|
| Beta | 0.97% | 0.94% | - |
| Alpha | -0.04% | -0.01% | - |
| Rsquared | 0.91% | 0.85% | - |
| Sharpe | 0.43% | 0.37% | - |
| Sortino | 0.92% | 0.47% | - |
| Treynor | 0.03% | 0.03% | - |
| Tax Efficiency | 92.43% | 91.48% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.39% | 7.76% | 8.19% | - |
| Beta | 0.97% | 0.97% | 0.94% | - |
| Alpha | -0.02% | -0.04% | -0.01% | - |
| Rsquared | 0.90% | 0.91% | 0.85% | - |
| Sharpe | 0.71% | 0.43% | 0.37% | - |
| Sortino | 1.34% | 0.92% | 0.47% | - |
| Treynor | 0.05% | 0.03% | 0.03% | - |
| Tax Efficiency | 95.88% | 92.43% | 91.48% | - |
| 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) | $184 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC7543 |
The Portfolio’s investment objective is to achieve a combination of income and long-term capital appreciation by making tactical investments primarily in a diverse mix of exchange-traded funds (“ETFs”) that are fixed-income funds and equity funds.
The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 25%-65% of the net assets in Canadian and global fixed-income securities, 35%-75% of the net assets in Canadian and global equity securities. The Portfolio achieves exposure to the above asset classes by investing up to 100% of its assets in ETFs.
| Portfolio Manager |
National Bank Trust Inc. |
|---|---|
| Sub-Advisor |
- |
| Fund Manager |
National Bank Investments Inc. |
|---|---|
| Custodian |
Natcan Trust Company |
| Registrar |
Natcan Trust Company |
| Distributor |
- |
| RSP Eligible | Yes |
|---|---|
| PAC Allowed | Yes |
| PAC Initial Investment | 25 |
| PAC Subsequent | 25 |
| SWP Allowed | Yes |
| SWP Min Balance | 10,000 |
| SWP Min Withdrawal | 100 |
| MER | 1.74% |
|---|---|
| Management Fee | 1.40% |
| Load | Front 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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