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Meritage Balanced Portfolio - Advisor Series/DSC
Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade D
Click for more information on Fundata’s FundGrade.
|
NAVPS (08-06-2026) |
$16.86 |
|---|---|
| Change |
-$0.06
(-0.33%)
|
As at June 30, 2026
As at March 31, 2026
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Legend
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Fund Returns
Inception Return (September 25, 2006): 5.01%
| 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 | 1.14% | 6.75% | 7.16% | 7.16% | 13.89% | 13.13% | 11.19% | 9.86% | 5.32% | 7.03% | 6.07% | 5.75% | 5.50% | 5.65% |
| Benchmark | 0.47% | 4.68% | 7.12% | 7.12% | 18.81% | 17.80% | 14.57% | 12.66% | 8.41% | 9.69% | 8.66% | 8.29% | 8.04% | 7.83% |
| Category Average | 0.69% | 5.75% | 6.50% | 6.50% | 13.39% | 12.63% | 11.24% | 10.04% | 6.22% | 7.75% | 6.70% | 6.30% | 6.03% | 6.04% |
| Category Rank | 158 / 456 | 120 / 456 | 220 / 452 | 220 / 452 | 277 / 452 | 271 / 442 | 313 / 433 | 284 / 412 | 364 / 392 | 330 / 368 | 315 / 362 | 321 / 356 | 305 / 345 | 280 / 331 |
| Quartile Ranking | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 0.26% | 1.53% | 2.82% | 0.70% | 0.97% | -0.11% | 0.41% | 3.43% | -3.34% | 2.97% | 2.51% | 1.14% |
| Benchmark | 0.59% | 2.90% | 3.78% | 0.87% | 2.24% | 0.12% | 0.74% | 5.01% | -3.27% | 2.12% | 2.02% | 0.47% |
Best Monthly Return Since Inception
6.61% (April 2020)
Worst Monthly Return Since Inception
-10.37% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 6.16% | 5.86% | -4.91% | 12.56% | 7.70% | 8.36% | -11.58% | 8.02% | 10.48% | 11.45% |
| Benchmark | 11.97% | 6.22% | -4.30% | 15.62% | 7.61% | 11.90% | -8.20% | 9.43% | 13.55% | 17.74% |
| Category Average | 6.65% | 5.72% | -4.72% | 12.57% | 6.33% | 10.85% | -9.35% | 8.27% | 11.70% | 11.06% |
| Quartile Ranking | 4 | 3 | 3 | 3 | 2 | 4 | 4 | 3 | 4 | 3 |
| Category Rank | 261/ 327 | 200/ 338 | 235/ 349 | 256/ 359 | 105/ 368 | 341/ 379 | 391/ 402 | 279/ 422 | 410/ 436 | 257/ 442 |
Best Calendar Return (Last 10 years)
12.56% (2019)
Worst Calendar Return (Last 10 years)
-11.58% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 41.34 |
| Canadian Corporate Bonds | 14.45 |
| Canadian Government Bonds | 12.97 |
| US Equity | 9.78 |
| Foreign Corporate Bonds | 8.81 |
| Other | 12.65 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 39.15 |
| Financial Services | 15.41 |
| Technology | 8.51 |
| Energy | 6.47 |
| Basic Materials | 6.40 |
| Other | 24.06 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 88.91 |
| Asia | 5.05 |
| Europe | 4.47 |
| Latin America | 1.38 |
| Africa and Middle East | 0.15 |
| Other | 0.04 |
Top Holdings
| Name | Percent |
|---|---|
| NBI Canadian All Cap Equity Fund O Series | 14.30 |
| Leith Wheeler Canadian Equity Fund Series A | 14.25 |
| RBC Vision Canadian Equity Fund Series A | 14.09 |
| TD Canadian Core Plus Bond Fund - O Series | 14.02 |
| CI Canadian Bond Fund Series I | 13.96 |
| RP Strategic Income Plus Fund Class A | 6.07 |
| Manulife Strategic Income Fund Series I | 6.01 |
| TD Global Equity Focused Fund - Investor Series | 4.03 |
| Capital Group Global Equity Fund (Canada) Ser I | 3.90 |
| Sun Life MFS Global Growth Fund Series I | 3.76 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Meritage Balanced Portfolio - Advisor Series/DSC
Median
Other - Canadian Neutral Balanced
3 Yr Annualized
| Standard Deviation | 7.10% | 8.18% | 7.99% |
|---|---|---|---|
| Beta | 0.90 | 0.91 | 0.92 |
| Alpha | -0.02 | -0.02 | -0.01 |
| Rsquared | 0.92% | 0.94% | 0.95% |
| Sharpe | 1.04 | 0.32 | 0.49 |
| Sortino | 2.02 | 0.46 | 0.50 |
| Treynor | 0.08 | 0.03 | 0.04 |
| Tax Efficiency | 88.72% | 76.14% | 84.92% |
| Volatility |
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|
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Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 6.32% | 7.10% | 8.18% | 7.99% |
| Beta | 0.81 | 0.90 | 0.91 | 0.92 |
| Alpha | -0.01 | -0.02 | -0.02 | -0.01 |
| Rsquared | 0.86% | 0.92% | 0.94% | 0.95% |
| Sharpe | 1.73 | 1.04 | 0.32 | 0.49 |
| Sortino | 2.84 | 2.02 | 0.46 | 0.50 |
| Treynor | 0.14 | 0.08 | 0.03 | 0.04 |
| Tax Efficiency | 86.49% | 88.72% | 76.14% | 84.92% |
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) | $346 |
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 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 | 2.28% |
|---|---|
| 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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