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Meritage Tactical ETF Balanced Portfolio Advisor Series/DSC

Tactical Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(07-21-2025)
$13.90
Change
$0.02 (0.14%)

As at June 30, 2025

As at June 30, 2025

Period
Created with Highcharts 10.3.3Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Oct 2022Apr 2023Oct 2023Apr 2024Oct 2024Apr 2025Jan 2017Jan 2018Jan 2019Jan 2020Jan 2021Jan 2022Jan 2023Jan 2024Jan 2025$10,000$12,000$14,000$16,000$9,000$11,000$13,000Period

Legend

Meritage Tactical ETF Balanced Portfolio Advisor Series/DSC

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Fund Returns

Inception Return (March 01, 2016): 4.85%

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 1.92% 2.83% 2.98% 2.98% 10.11% 8.97% 8.49% 3.39% 5.83% 4.90% 4.56% 4.46% 4.59% -
Benchmark 2.53% 2.76% 3.35% 3.35% 12.62% 13.35% 12.58% 5.72% 6.67% 6.88% 6.64% 6.83% 7.12% 7.01%
Category Average 1.95% 3.24% 3.79% 3.79% 10.18% 9.85% 8.92% 4.06% 6.24% 5.27% 4.87% 4.65% 4.89% 4.35%
Category Rank 143 / 322 157 / 321 188 / 318 188 / 318 167 / 318 204 / 313 180 / 312 201 / 306 181 / 296 175 / 288 172 / 265 162 / 250 165 / 241 -
Quartile Ranking 2 2 3 3 3 3 3 3 3 3 3 3 3 -

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 2.92% 0.23% 2.30% -0.37% 3.16% -1.41% 2.38% -0.29% -1.90% -1.86% 2.80% 1.92%
Benchmark 3.28% -0.07% 2.25% 0.21% 2.87% 0.17% 2.72% -0.03% -2.06% -2.19% 2.47% 2.53%

Best Monthly Return Since Inception

7.64% (April 2020)

Worst Monthly Return Since Inception

-10.60% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%
Calendar Return
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/ 275 92/ 295 208/ 297 228/ 311 154/ 312 205/ 314

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 Equity 22.95
International Equity 21.57
US Equity 20.17
Canadian Government Bonds 19.28
Canadian Corporate Bonds 8.94
Other 7.09

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 31.99
Financial Services 15.50
Technology 11.11
Basic Materials 6.27
Consumer Services 4.72
Other 30.41

Geographic Allocation

Geographic Allocation
Name Percent
North America 77.24
Europe 10.95
Asia 8.99
Latin America 1.03
Africa and Middle East 0.86
Other 0.93

Top Holdings

Top Holdings
Name Percent
BMO Aggregate Bond Index ETF (ZAG) 22.29
Schwab US Broad Market ETF (SCHB) 14.26
BMO S&P/TSX Capped Composite Index ETF (ZCN) 13.31
iShares Core MSCI EAFE ETF (IEFA) 11.58
CI MStar Canada Moment Indx ETF (WXM) 6.60
Schwab amental EM Large Co Index ETF (FNDE) 4.54
BMO Corporate Bond Index ETF (ZCB) 3.79
BMO MSCI USA High Quality Index ETF (ZUQ) 3.08
Invesco S&P 500 Eql Wght ETF (RSP) 3.05
Vanguard European Stock Index ETF (VGK) 2.90

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 Return45678910111213140%5%10%15%20%

Meritage Tactical ETF Balanced Portfolio Advisor Series/DSC

Median

Other - Tactical Balanced

3 Yr Annualized

Standard Deviation 8.04% 8.26% -
Beta 0.98% 0.95% -
Alpha -0.03% 0.00% -
Rsquared 0.92% 0.85% -
Sharpe 0.56% 0.43% -
Sortino 1.16% 0.55% -
Treynor 0.05% 0.04% -
Tax Efficiency 93.35% 92.02% -
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 6.79% 8.04% 8.26% -
Beta 0.97% 0.98% 0.95% -
Alpha -0.02% -0.03% 0.00% -
Rsquared 0.92% 0.92% 0.85% -
Sharpe 0.96% 0.56% 0.43% -
Sortino 1.95% 1.16% 0.55% -
Treynor 0.07% 0.05% 0.04% -
Tax Efficiency 96.72% 93.35% 92.02% -

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) $179

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 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 100

Fees

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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