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Meritage Moderate Income Portfolio - Advisor Series/DSC

Canadian Fix Inc Balanced

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

Click for more information on Fundata’s FundGrade.

FundGrade A+® Rating Recipient

FundGrade A+® Rating Recipient

2012

Click for more information on Fundata’s FundGrade

NAVPS
(07-21-2025)
$6.94
Change
$0.01 (0.14%)

As at June 30, 2025

As at March 31, 2025

Period
Created with Highcharts 10.3.3Jan 2007Jul 2008Jan 2010Jul 2011Jan 2013Jul 2014Jan 2016Jul 2017Jan 2019Jul 2020Jan 2022Jul 2023Jan 2025Jul 2022Oct 2022Jan 2023Apr 2023Oct 2023Jan 2024Apr 2024Jul 2024Oct 2024Apr 2025Jul 2007Jan 2010Jul 2012Jan 2015Jul 2017Jan 2020Jul 2022Jan 2025Jan…$7,500$10,000$12,500$15,000$17,500$20,000$22,500$9,500$10,500$11,000$11,500$12,000Period

Legend

Meritage Moderate Income Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2006): 3.89%

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 1.21% 2.48% 3.35% 3.35% 9.86% 7.88% 6.54% 2.15% 3.82% 3.27% 3.58% 3.38% 3.53% 3.48%
Benchmark 0.76% 1.60% 3.51% 3.51% 10.72% 8.26% 7.08% 2.75% 3.33% 3.70% 4.12% 4.01% 3.86% 3.87%
Category Average 0.97% 1.41% 2.75% 2.75% 8.66% 7.59% 6.73% 2.38% 3.33% 3.23% 3.40% 3.24% 3.28% 3.13%
Category Rank 121 / 396 38 / 394 119 / 394 119 / 394 98 / 392 203 / 389 247 / 387 248 / 367 144 / 334 185 / 322 159 / 287 150 / 271 135 / 258 115 / 238
Quartile Ranking 2 1 2 2 1 3 3 3 2 3 3 3 3 2

Monthly Return

Created with Highcharts 10.3.3-2%-1%0%1%2%3%4%
Monthly Return
Return % Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun
Fund 3.33% 0.47% 1.92% -0.68% 2.63% -1.45% 1.94% 0.33% -1.39% -0.83% 2.11% 1.21%
Benchmark 3.07% 0.70% 2.15% -0.59% 2.72% -1.20% 1.71% 0.76% -0.59% -0.60% 1.45% 0.76%

Best Monthly Return Since Inception

5.31% (November 2023)

Worst Monthly Return Since Inception

-8.61% (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 0.96% 5.67% 4.77% -3.26% 11.10% 5.76% 5.86% -10.93% 6.77% 8.13%
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 4 2 2 4 1 3 1 3 3 3
Category Rank 190/ 236 72/ 246 92/ 268 246/ 281 57/ 302 249/ 332 58/ 355 265/ 369 280/ 387 240/ 391

Best Calendar Return (Last 10 years)

11.10% (2019)

Worst Calendar Return (Last 10 years)

-10.93% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Equity 25.08
Canadian Government Bonds 23.93
Canadian Corporate Bonds 16.89
US Equity 10.55
Foreign Corporate Bonds 10.39
Other 13.16

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 52.94
Financial Services 13.95
Technology 4.71
Energy 4.24
Consumer Services 4.01
Other 20.15

Geographic Allocation

Geographic Allocation
Name Percent
North America 89.26
Europe 5.74
Asia 3.88
Latin America 0.82
Africa and Middle East 0.13
Other 0.17

Top Holdings

Top Holdings
Name Percent
TD Canadian Core Plus Bond Fund - O Series 19.57
CI Canadian Bond Fund Class I 19.40
Beutel Goodman Canadian Dividend Fund Class I 10.77
RBC Canadian Dividend Fund Series O 10.58
BMO Dividend Fund Series I 10.47
RP Strategic Income Plus Fund Class A 8.45
Manulife Strategic Income Fund Series I 8.42
Sun Life MFS Global Growth Fund Series I 2.87
Capital Group Global Equity Fund (Canada) Ser I 2.84
TD Global Equity Focused Fund - Investor Series 2.79

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 Return567891011122%4%6%8%10%12%

Meritage Moderate Income Portfolio - Advisor Series/DSC

Median

Other - Canadian Fix Inc Balanced

3 Yr Annualized

Standard Deviation 7.63% 7.33% 6.75%
Beta 1.06% 1.06% 1.07%
Alpha -0.01% 0.00% -0.01%
Rsquared 0.95% 0.93% 0.90%
Sharpe 0.35% 0.21% 0.28%
Sortino 0.80% 0.21% 0.13%
Treynor 0.02% 0.01% 0.02%
Tax Efficiency 87.81% 79.30% 72.69%
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 2 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 5.65% 7.63% 7.33% 6.75%
Beta 1.13% 1.06% 1.06% 1.07%
Alpha -0.02% -0.01% 0.00% -0.01%
Rsquared 0.95% 0.95% 0.93% 0.90%
Sharpe 1.10% 0.35% 0.21% 0.28%
Sortino 2.38% 0.80% 0.21% 0.13%
Treynor 0.06% 0.02% 0.01% 0.02%
Tax Efficiency 89.67% 87.81% 79.30% 72.69%

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 Monthly
Assets ($mil) $98

Fund Codes

FundServ Code Load Code Sales Status
NBC7522

Investment Objectives

The Portfolio’s investment objective is to achieve a current 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: 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 1.92%
Management Fee 1.55%
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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