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Tactical Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(04-12-2024)
$12.42
Change
-$0.03 (-0.24%)

As at March 31, 2024

As at March 31, 2024

Period
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Legend

Meritage Tactical ETF Balanced Portfolio Advisor Series/DSC

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Fund Returns

Inception Return (March 01, 2016): 4.28%

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 1.70% -0.25% -0.70% 3.20% 7.48% 1.78% 2.35% 7.58% 4.03% 3.75% 3.63% 4.07% - -
Benchmark 1.80% 5.77% 13.57% 5.77% 12.38% 6.05% 3.87% 6.63% 5.64% 5.56% 5.88% 6.44% 5.97% 7.01%
Category Average 1.99% 11.45% 11.45% 4.38% 9.40% 2.80% 3.17% 7.29% 4.50% 4.05% 3.79% 4.45% 3.50% 3.87%
Category Rank 242 / 358 208 / 358 181 / 358 208 / 358 222 / 356 227 / 356 244 / 342 154 / 334 189 / 317 200 / 299 176 / 274 160 / 242 - -
Quartile Ranking 3 3 3 3 3 3 3 2 3 3 3 3 - -

Monthly Return

Monthly Return
Return % Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar
Fund 1.35% -2.25% 1.32% 0.34% -0.67% -3.17% -0.70% 4.93% 3.18% -0.25% 1.73% 1.70%
Benchmark 1.29% -1.31% 0.46% 1.75% 0.57% -3.70% 0.21% 5.00% 2.05% 0.78% 3.10% 1.80%

Best Monthly Return Since Inception

7.64% (April 2020)

Worst Monthly Return Since Inception

-10.60% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund - - - 6.73% -5.68% 12.45% 7.27% 9.01% -10.89% 8.54%
Benchmark 12.44% 17.05% 2.39% 8.66% 2.68% 12.26% 11.12% 6.48% -11.62% 11.69%
Category Average 6.78% 0.31% 5.78% 6.18% -5.55% 12.58% 5.65% 9.53% -9.83% 8.35%
Quartile Ranking - - - 2 4 3 2 3 3 2
Category Rank - - - 109/ 274 272/ 296 181/ 312 107/ 332 229/ 336 249/ 355 174/ 356

Best Calendar Return (Last 10 years)

12.45% (2019)

Worst Calendar Return (Last 10 years)

-10.89% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 28.90
US Equity 20.14
Canadian Equity 17.08
International Equity 15.49
Canadian Corporate Bonds 10.19
Other 8.20

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 42.74
Financial Services 10.41
Technology 10.30
Consumer Goods 4.30
Consumer Services 4.25
Other 28.00

Geographic Allocation

Geographic Allocation
Name Percent
North America 80.78
Asia 8.08
Europe 6.64
Multi-National 3.43
Latin America 0.64
Other 0.43

Top Holdings

Top Holdings
Name Percent
BMO Aggregate Bond Index ETF (ZAG) 30.03
Schwab US Broad Market ETF (SCHB) 14.76
BMO S&P/TSX Capped Composite Index ETF (ZCN) 14.26
iShares Core MSCI EAFE ETF (IEFA) 9.49
BMO Long Provincial Bond Index ETF (ZPL) 6.47
BMO MSCI USA High Quality Index ETF (ZUQ) 4.18
BMO Low Volatility Canadian Equity ETF (ZLB) 3.55
Horizons US 7-10 Year Treasury Bond ETF (HTB) 3.43
NBI Liquid Alternatives ETF (NALT) 3.01
BMO Corporate Bond Index ETF (ZCB) 2.98

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Meritage Tactical ETF Balanced Portfolio Advisor Series/DSC

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 8.87% 10.02% -
Beta 0.91% 1.09% -
Alpha -0.01% -0.02% -
Rsquared 0.85% 0.78% -
Sharpe 0.01% 0.25% -
Sortino -0.04% 0.20% -
Treynor 0.00% 0.02% -
Tax Efficiency 76.52% 87.75% -
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 -

Risk Rating

Rating 4 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 7.77% 8.87% 10.02% -
Beta 0.95% 0.91% 1.09% -
Alpha -0.04% -0.01% -0.02% -
Rsquared 0.84% 0.85% 0.78% -
Sharpe 0.36% 0.01% 0.25% -
Sortino 1.01% -0.04% 0.20% -
Treynor 0.03% 0.00% 0.02% -
Tax Efficiency 93.07% 76.52% 87.75% -

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) $138

Fund Codes

FundServ Code Load Code Sales Status
NBC7543

Investment Objectives

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.

Investment Strategy

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(s)

Name Start Date
National Bank Trust Inc. 07-19-2021

Management and Organization

Fund Manager National Bank Investments Inc.
Advisor National Bank Trust Inc.
Custodian Natcan Trust Company
Registrar Natcan Trust Company
Distributor -
Auditor Raymond Chabot Grant Thornton LLP

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 100

Fees

MER 1.95%
Management Fee 1.40%
Load Back Fee Only
FE Max -
DSC Max 1.00%
LL Max -
Trailer Fee Max (FE) -
Trailer Fee Max (DSC) 1.00%
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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