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Meritage Moderate Portfolio - Advisor Series/DSC

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Canadian Fix Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

NAVPS
(08-22-2025) 		$14.63
Change
$0.09 (0.62%)

As at July 31, 2025

As at April 30, 2025

Period
Created with Highcharts 10.3.3Jul 2007Jan 2009Jul 2010Jan 2012Jul 2013Jan 2015Jul 2016Jan 2018Jul 2019Jan 2021Jul 2022Jan 2024Jul 2025Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2008Jul 2010Jan 2013Jul 2015Jan 2018Jul 2020Jan 2023$7,500$10,000$12,500$15,000$17,500$20,000$22,500$9,000$9,500$10,500$11,000$11,500$12,000Period

Legend

Meritage Moderate Portfolio - Advisor Series/DSC

Compare Options

Fund Returns

Inception Return (September 25, 2006): 4.01%

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 0.00% 4.12% 1.92% 3.99% 7.29% 8.44% 5.82% 2.09% 3.46% 3.53% 3.67% 3.76% 3.49% 3.40%
Benchmark -0.14% 2.08% 1.63% 3.37% 7.27% 8.27% 5.67% 2.47% 2.86% 3.64% 4.17% 4.19% 3.65% 3.75%
Category Average 0.10% 2.59% 0.96% 2.85% 5.84% 7.61% 5.50% 2.21% 2.92% 3.21% 3.40% 3.39% 3.10% 3.00%
Category Rank 287 / 379 30 / 375 88 / 374 91 / 374 92 / 372 121 / 369 171 / 367 215 / 348 130 / 320 149 / 311 138 / 270 125 / 258 114 / 246 102 / 225
Quartile Ranking 4 1 1 1 1 2 2 3 2 2 3 2 2 2

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 0.36% 1.95% -0.56% 2.83% -1.38% 2.03% 0.14% -1.62% -0.64% 2.52% 1.56% 0.00%
Benchmark 0.70% 2.15% -0.59% 2.72% -1.20% 1.71% 0.76% -0.59% -0.60% 1.45% 0.76% -0.14%

Best Monthly Return Since Inception

5.63% (April 2020)

Worst Monthly Return Since Inception

-8.63% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-15%-10%-5%0%5%10%15%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 2.49% 4.96% 4.65% -3.24% 10.74% 7.32% 5.04% -11.45% 7.42% 8.66%
Benchmark 0.56% 6.19% 4.30% -1.25% 10.87% 8.35% 3.73% -9.93% 7.79% 8.33%
Category Average 1.24% 4.06% 3.92% -2.19% 9.07% 6.42% 3.91% -9.95% 7.21% 8.35%
Quartile Ranking 2 2 2 4 2 2 2 4 3 2
Category Rank 110/ 223 90/ 233 100/ 251 224/ 264 81/ 282 139/ 312 112/ 335 275/ 349 189/ 367 173/ 371

Best Calendar Return (Last 10 years)

10.74% (2019)

Worst Calendar Return (Last 10 years)

-11.45% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 31.21
Canadian Government Bonds 22.78
Canadian Corporate Bonds 16.31
Foreign Corporate Bonds 9.95
US Equity 6.87
Other 12.88

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 51.94
Financial Services 13.12
Technology 7.04
Energy 4.54
Industrial Services 3.34
Other 20.02

Geographic Allocation

Geographic Allocation
Name Percent
North America 90.37
Europe 4.54
Asia 3.85
Latin America 0.96
Multi-National 0.15
Other 0.13

Top Holdings

Top Holdings
Name Percent
CI Canadian Bond Fund Class I 19.18
TD Canadian Core Plus Bond Fund - O Series 19.07
Leith Wheeler Canadian Equity Fund Series A 10.77
NBI Canadian All Cap Equity Fund Investor Series 10.70
RBC Vision Canadian Equity Fund Series A 10.61
Manulife Strategic Income Fund Series I 8.52
RP Strategic Income Plus Fund Class A 8.39
Capital Group Global Equity Fund (Canada) Ser I 2.96
TD Global Equity Focused Fund - Investor Series 2.95
Sun Life MFS Global Growth Fund Series I 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 Return5678910110%2%4%6%8%10%12%

Meritage Moderate Portfolio - Advisor Series/DSC

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 7.22% 7.24% 6.80%
Beta 1.04% 1.06% 1.08%
Alpha 0.00% 0.00% -0.01%
Rsquared 0.93% 0.93% 0.90%
Sharpe 0.27% 0.16% 0.27%
Sortino 0.66% 0.14% 0.12%
Treynor 0.02% 0.01% 0.02%
Tax Efficiency 81.25% 76.14% 77.28%
Volatility Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10 Volatility rating is 3 on a scale of 1 to 10

Risk Rating

Rating 3 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.31% 7.22% 7.24% 6.80%
Beta 1.16% 1.04% 1.06% 1.08%
Alpha -0.01% 0.00% 0.00% -0.01%
Rsquared 0.88% 0.93% 0.93% 0.90%
Sharpe 0.75% 0.27% 0.16% 0.27%
Sortino 1.51% 0.66% 0.14% 0.12%
Treynor 0.03% 0.02% 0.01% 0.02%
Tax Efficiency 85.93% 81.25% 76.14% 77.28%

Fund Details

Start Date September 25, 2006
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Quarterly
Assets ($mil) $100

Fund Codes

FundServ Code Load Code Sales Status
NBC7512

Investment Objectives

The Portfolio’s investment objective is to achieve a steady rate of return and long-term capital appreciation by investing primarily in a diverse mix of fixed-income and equity mutual funds.

Investment Strategy

The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 55%-75% of net assets in Canadian and global fixed-income securities, 25%-45% of net assets in Canadian and global equity securities. The Portfolio Manager may, at 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 2.01%
Management Fee 1.60%
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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