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Meritage Balanced Portfolio - Advisor Series/DSC

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Canadian Neutral Balanced

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

Fundata ESG GradeC Click for more information on Fundata’s ESG Grade

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(11-14-2025) 		$16.47
Change
$0.01 (0.06%)

As at October 31, 2025

As at July 31, 2025

As at October 31, 2025

Period
Created with Highcharts 10.3.3Jan 2024Jul 2025Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Oct 2025Jan 2008Jul 2010Jan 2013Jul 2015Jan 2018Jul 2020Jan 2023Jul 2025J…$10,000$9,000$11,000$12,000$13,000$14,000Period

Legend

Meritage Balanced Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 4.76%

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 0.70% 5.12% 10.97% 10.51% 12.37% 15.49% 10.08% 4.24% 6.39% 5.61% 6.02% 4.83% 4.98% 5.04%
Benchmark 0.87% 7.72% 13.52% 15.03% 17.40% 19.82% 12.91% 7.50% 9.53% 8.26% 8.81% 7.39% 7.23% 7.46%
Category Average 0.58% 4.90% 10.03% 10.05% 11.81% 15.55% 10.47% 5.35% 7.56% 6.37% 6.68% 5.49% 5.56% 5.50%
Category Rank 169 / 454 217 / 454 195 / 449 236 / 444 244 / 444 281 / 438 301 / 418 374 / 399 360 / 385 338 / 369 320 / 361 309 / 348 300 / 338 285 / 324
Quartile Ranking 2 2 2 3 3 3 3 4 4 4 4 4 4 4

Monthly Return

Created with Highcharts 10.3.3-4%-2%0%2%4%6%
Monthly Return
Return % Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct
Fund 3.37% -1.64% 2.39% -0.07% -2.03% -0.67% 3.36% 1.88% 0.26% 1.53% 2.82% 0.70%
Benchmark 4.18% -2.03% 2.42% 0.29% -0.96% -0.40% 3.10% 1.62% 0.59% 2.90% 3.78% 0.87%

Best Monthly Return Since Inception

6.61% (April 2020)

Worst Monthly Return Since Inception

-10.37% (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 2.12% 6.16% 5.86% -4.91% 12.56% 7.70% 8.36% -11.58% 8.02% 10.48%
Benchmark -3.02% 11.97% 6.22% -4.30% 15.62% 7.61% 11.90% -8.20% 9.43% 13.55%
Category Average 0.06% 6.65% 5.72% -4.72% 12.57% 6.33% 10.85% -9.35% 8.27% 11.70%
Quartile Ranking 2 4 3 3 3 2 4 4 3 4
Category Rank 88/ 296 261/ 329 200/ 340 235/ 351 255/ 361 104/ 370 345/ 385 390/ 404 278/ 424 408/ 438

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 41.01
Canadian Government Bonds 15.99
Canadian Corporate Bonds 12.04
US Equity 9.63
International Equity 8.04
Other 13.29

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 38.19
Financial Services 16.82
Technology 10.26
Energy 5.69
Basic Materials 4.33
Other 24.71

Geographic Allocation

Geographic Allocation
Name Percent
North America 88.90
Europe 4.88
Asia 4.65
Latin America 1.26
Africa and Middle East 0.18
Other 0.13

Top Holdings

Top Holdings
Name Percent
NBI Canadian All Cap Equity Fund O Series 14.24
Leith Wheeler Canadian Equity Fund Series A 13.96
TD Canadian Core Plus Bond Fund - O Series 13.83
RBC Vision Canadian Equity Fund Series A 13.75
CI Canadian Bond Fund Series I 13.52
Manulife Strategic Income Fund Series I 6.22
RP Strategic Income Plus Fund Class A 6.14
Sun Life MFS Global Growth Fund Series I 4.14
TD Global Equity Focused Fund - Investor Series 3.99
Capital Group Global Equity Fund (Canada) Ser I 3.93

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 Return66.577.588.599.51010.5114%6%8%10%12%14%16%18%

Meritage Balanced Portfolio - Advisor Series/DSC

Median

Other - Canadian Neutral Balanced

3 Yr Annualized

Standard Deviation 7.70% 8.22% 7.87%
Beta 0.89% 0.92% 0.92%
Alpha -0.01% -0.02% -0.02%
Rsquared 0.95% 0.95% 0.94%
Sharpe 0.77% 0.47% 0.44%
Sortino 1.62% 0.67% 0.40%
Treynor 0.07% 0.04% 0.04%
Tax Efficiency 86.25% 84.80% 83.86%
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 6.45% 7.70% 8.22% 7.87%
Beta 0.91% 0.89% 0.92% 0.92%
Alpha -0.03% -0.01% -0.02% -0.02%
Rsquared 0.92% 0.95% 0.95% 0.94%
Sharpe 1.41% 0.77% 0.47% 0.44%
Sortino 2.86% 1.62% 0.67% 0.40%
Treynor 0.10% 0.07% 0.04% 0.04%
Tax Efficiency 88.05% 86.25% 84.80% 83.86%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A34.1​34.148.7​48.70%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A36.1​36.153.4​53.40%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A29.8​29.846.5​46.50%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A38.7​38.742.8​42.80%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

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) $367

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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