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Meritage Balanced Portfolio - Advisor Series/DSC

Canadian Neutral Balanced

FundGrade E Click for more information on Fundata’s FundGrade

FundGrade E

Click for more information on Fundata’s FundGrade.

NAVPS
(07-19-2024)
$14.89
Change
-$0.04 (-0.27%)

As at June 30, 2024

As at March 31, 2024

Period
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Legend

Meritage Balanced Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 4.13%

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 0.55% -0.14% 3.10% 3.10% 7.40% 6.69% 0.41% 4.10% 3.37% 3.40% 3.42% 3.86% 3.52% 3.68%
Benchmark 0.56% 0.18% 3.20% 3.20% 8.38% 7.73% 2.57% 5.85% 5.21% 5.29% 5.40% 5.47% 5.12% 4.83%
Category Average 0.32% 4.15% 4.15% 4.15% 8.52% 7.52% 2.16% 5.40% 4.41% 4.27% 4.22% 4.46% 4.02% 4.00%
Category Rank 96 / 453 379 / 453 422 / 447 422 / 447 377 / 444 325 / 423 389 / 402 358 / 382 356 / 372 349 / 365 334 / 354 303 / 340 288 / 315 240 / 290
Quartile Ranking 1 4 4 4 4 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 0.51% -0.79% -3.13% -1.28% 5.26% 3.80% 0.00% 1.83% 1.38% -2.52% 1.89% 0.55%
Benchmark 0.93% -0.84% -3.01% -1.57% 6.01% 3.69% -0.31% 0.82% 2.49% -1.88% 1.52% 0.56%

Best Monthly Return Since Inception

6.61% (April 2020)

Worst Monthly Return Since Inception

-10.37% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 6.77% 2.12% 6.16% 5.86% -4.91% 12.56% 7.70% 8.36% -11.58% 8.02%
Benchmark 9.98% -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43%
Category Average 7.98% 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27%
Quartile Ranking 4 2 4 3 3 3 2 4 4 3
Category Rank 230/ 289 89/ 302 267/ 334 205/ 347 242/ 358 261/ 368 104/ 378 351/ 393 396/ 413 286/ 433

Best Calendar Return (Last 10 years)

12.56% (2019)

Worst Calendar Return (Last 10 years)

-11.58% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 31.02
Canadian Government Bonds 19.63
Canadian Corporate Bonds 17.17
US Equity 12.87
Foreign Corporate Bonds 6.33
Other 12.98

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 46.31
Financial Services 11.48
Technology 6.92
Consumer Services 5.17
Industrial Services 4.45
Other 25.67

Geographic Allocation

Geographic Allocation
Name Percent
North America 92.79
Europe 4.04
Asia 2.36
Latin America 0.77
Africa and Middle East 0.02
Other 0.02

Top Holdings

Top Holdings
Name Percent
TD Canadian Core Plus Bond Fund - O Series 20.07
CI Canadian Bond Fund Class I 19.97
Leith Wheeler Canadian Equity Fund Series A 11.37
Beutel Goodman Canadian Equity Fund Class I 11.35
Manulife Canadian Investment Fund 7.52
EdgePoint Global Portfolio Series I 6.84
Capital Group Global Equity Fund (Canada) Ser I 6.83
AGF American Growth Fund Series O 6.66
Manulife Strategic Income Fund Series I 5.00
RP Strategic Income Plus Fund Class O 4.99

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 Balanced Portfolio - Advisor Series/DSC

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 8.96% 9.75% 7.79%
Beta 0.93% 0.93% 0.92%
Alpha -0.02% -0.01% -0.01%
Rsquared 0.95% 0.96% 0.92%
Sharpe -0.25% 0.18% 0.31%
Sortino -0.34% 0.11% 0.16%
Treynor -0.02% 0.02% 0.03%
Tax Efficiency - 78.85% 81.15%
Volatility Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 4 on a scale of 1 to 10 Volatility rating is 3 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 8.43% 8.96% 9.75% 7.79%
Beta 0.94% 0.93% 0.93% 0.92%
Alpha 0.00% -0.02% -0.01% -0.01%
Rsquared 0.95% 0.95% 0.96% 0.92%
Sharpe 0.31% -0.25% 0.18% 0.31%
Sortino 0.94% -0.34% 0.11% 0.16%
Treynor 0.03% -0.02% 0.02% 0.03%
Tax Efficiency 95.16% - 78.85% 81.15%

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) $434

Fund Codes

FundServ Code Load Code Sales Status
NBC7513

Investment Objectives

The Portfolio’s investment objective is to achieve a combination of income 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: 40%-60% of net assets in Canadian and global fixed-income securities, 40%-60% 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 Manager(s)

Name Start Date
National Bank Trust Inc. 11-06-2008

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 50

Fees

MER 2.32%
Management Fee 1.85%
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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