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Tactical Balanced
Click for more information on Fundata’s FundGrade
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|
NAVPS (05-02-2024) |
$11.29 |
|---|---|
| Change |
$0.05
(0.44%)
|
As at March 31, 2024
As at March 31, 2024
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Inception Return (March 01, 2016): 3.22%
| 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 | 1.23% | 1.68% | 9.43% | 1.68% | 5.37% | 0.83% | 1.01% | 5.32% | 2.78% | 2.70% | 2.59% | 2.98% | - | - |
| 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% | 11.46% | 11.46% | 4.38% | 9.40% | 2.80% | 3.17% | 7.29% | 4.50% | 4.05% | 3.79% | 4.45% | 3.50% | 3.87% |
| Category Rank | 296 / 360 | 309 / 360 | 248 / 360 | 309 / 360 | 281 / 358 | 284 / 358 | 295 / 342 | 251 / 334 | 254 / 317 | 252 / 299 | 224 / 274 | 200 / 242 | - | - |
| Quartile Ranking | 4 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | - | - |
| Return % | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.36% | -2.14% | 0.85% | -0.09% | -0.63% | -3.04% | -0.38% | 4.64% | 3.24% | -0.62% | 1.07% | 1.23% |
| 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% |
6.93% (April 2020)
-9.00% (March 2020)
| Return % | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | 4.92% | -4.63% | 10.81% | 7.04% | 6.09% | -11.31% | 7.62% |
| 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 | - | - | - | 3 | 3 | 4 | 2 | 4 | 4 | 3 |
| Category Rank | - | - | - | 176/ 274 | 217/ 296 | 245/ 312 | 118/ 332 | 280/ 336 | 269/ 357 | 225/ 358 |
10.81% (2019)
-11.31% (2022)
| Name | Percent |
|---|---|
| Canadian Government Bonds | 38.85 |
| US Equity | 14.50 |
| Canadian Corporate Bonds | 13.71 |
| Canadian Equity | 12.31 |
| International Equity | 11.15 |
| Other | 9.48 |
| Name | Percent |
|---|---|
| Fixed Income | 57.46 |
| Financial Services | 7.52 |
| Technology | 7.41 |
| Cash and Cash Equivalent | 3.73 |
| Consumer Goods | 3.08 |
| Other | 20.80 |
| Name | Percent |
|---|---|
| North America | 84.02 |
| Asia | 5.83 |
| Europe | 4.80 |
| Multi-National | 4.61 |
| Latin America | 0.45 |
| Other | 0.29 |
| Name | Percent |
|---|---|
| BMO Aggregate Bond Index ETF (ZAG) | 40.37 |
| Schwab US Broad Market ETF (SCHB) | 10.62 |
| BMO S&P/TSX Capped Composite Index ETF (ZCN) | 10.27 |
| BMO Long Provincial Bond Index ETF (ZPL) | 8.70 |
| iShares Core MSCI EAFE ETF (IEFA) | 6.83 |
| Horizons US 7-10 Year Treasury Bond ETF (HTB) | 4.61 |
| BMO Corporate Bond Index ETF (ZCB) | 4.01 |
| BMO MSCI USA High Quality Index ETF (ZUQ) | 3.01 |
| NBI Liquid Alternatives ETF (NALT) | 3.00 |
| BMO Low Volatility Canadian Equity ETF (ZLB) | 2.56 |
Meritage Tactical ETF Moderate Portfolio Advisor Series/DSC
Median
Other - Tactical Balanced
| Standard Deviation | 8.07% | 8.79% | - |
|---|---|---|---|
| Beta | 0.82% | 0.97% | - |
| Alpha | -0.02% | -0.02% | - |
| Rsquared | 0.85% | 0.79% | - |
| Sharpe | -0.16% | 0.14% | - |
| Sortino | -0.28% | 0.02% | - |
| Treynor | -0.02% | 0.01% | - |
| Tax Efficiency | 52.53% | 81.77% | - |
| Volatility |
|
|
- |
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 7.35% | 8.07% | 8.79% | - |
| Beta | 0.88% | 0.82% | 0.97% | - |
| Alpha | -0.05% | -0.02% | -0.02% | - |
| Rsquared | 0.80% | 0.85% | 0.79% | - |
| Sharpe | 0.10% | -0.16% | 0.14% | - |
| Sortino | 0.58% | -0.28% | 0.02% | - |
| Treynor | 0.01% | -0.02% | 0.01% | - |
| Tax Efficiency | 88.78% | 52.53% | 81.77% | - |
| 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) | $79 |
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC7542 |
The Portfolio’s investment objective is to achieve a steady rate of return 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: 40%-80% of the net assets in Canadian and global fixed-income securities, 20%-60% 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.
| Name | Start Date |
|---|---|
| National Bank Trust Inc. | 07-19-2021 |
| 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 |
| 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 |
| MER | 1.70% |
|---|---|
| Management Fee | 1.15% |
| 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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