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Meritage Balanced Income Portfolio - Advisor Series/DSC
Canadian Neutral Balanced
Click for more information on Fundata’s FundGrade
FundGrade E
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
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FundGrade A+® Rating Recipient
2012
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|
NAVPS (06-25-2026) |
$6.57 |
|---|---|
| Change |
$0.01
(0.10%)
|
As at May 31, 2026
As at February 28, 2026
As at May 31, 2026
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Legend
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Fund Returns
Inception Return (September 25, 2006): 4.86%
| 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 | 2.31% | 2.14% | 5.71% | 6.11% | 13.91% | 12.06% | 10.95% | 7.54% | 5.40% | 7.04% | 5.79% | 5.51% | 5.00% | 5.24% |
| Benchmark | 2.02% | 0.78% | 6.74% | 6.61% | 20.17% | 17.85% | 15.09% | 10.87% | 8.70% | 10.00% | 8.86% | 8.38% | 7.86% | 7.88% |
| Category Average | 2.32% | 1.65% | 5.51% | 5.77% | 14.27% | 12.42% | 11.61% | 8.40% | 6.40% | 7.86% | 6.84% | 6.29% | 5.82% | 5.98% |
| Category Rank | 217 / 461 | 163 / 460 | 245 / 457 | 237 / 457 | 308 / 453 | 328 / 447 | 332 / 429 | 346 / 416 | 365 / 397 | 331 / 373 | 343 / 363 | 334 / 357 | 320 / 345 | 305 / 330 |
| Quartile Ranking | 2 | 2 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
Monthly Return
| Return % | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 1.47% | 0.33% | 1.45% | 2.55% | 0.46% | 1.27% | -0.37% | 0.55% | 3.32% | -2.80% | 2.71% | 2.31% |
| Benchmark | 1.62% | 0.59% | 2.90% | 3.78% | 0.87% | 2.24% | 0.12% | 0.74% | 5.01% | -3.27% | 2.12% | 2.02% |
Best Monthly Return Since Inception
6.63% (November 2020)
Worst Monthly Return Since Inception
-10.21% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 7.10% | 5.64% | -4.40% | 12.15% | 3.85% | 9.78% | -9.84% | 7.13% | 10.11% | 10.40% |
| 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 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Category Rank | 202/ 328 | 211/ 339 | 201/ 350 | 285/ 360 | 298/ 369 | 318/ 384 | 341/ 407 | 335/ 427 | 417/ 441 | 337/ 447 |
Best Calendar Return (Last 10 years)
12.15% (2019)
Worst Calendar Return (Last 10 years)
-9.84% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| Canadian Equity | 35.01 |
| Canadian Corporate Bonds | 14.50 |
| Canadian Government Bonds | 14.14 |
| US Equity | 12.59 |
| International Equity | 9.52 |
| Other | 14.24 |
Sector Allocation
| Name | Percent |
|---|---|
| Fixed Income | 39.16 |
| Financial Services | 18.86 |
| Technology | 6.85 |
| Energy | 5.98 |
| Basic Materials | 4.92 |
| Other | 24.23 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 87.35 |
| Europe | 6.50 |
| Asia | 5.14 |
| Latin America | 0.81 |
| Africa and Middle East | 0.20 |
Top Holdings
| Name | Percent |
|---|---|
| BMO Dividend Fund Series I | 14.28 |
| TD Canadian Core Plus Bond Fund - O Series | 14.25 |
| CI Canadian Bond Fund Series I | 14.11 |
| RBC Canadian Dividend Fund Series O | 13.92 |
| Beutel Goodman Canadian Dividend Fund Class I | 13.87 |
| RP Strategic Income Plus Fund Class A | 6.09 |
| Manulife Strategic Income Fund Series I | 6.00 |
| TD Global Equity Focused Fund - Investor Series | 3.94 |
| Capital Group Global Equity Fund (Canada) Ser I | 3.83 |
| Sun Life MFS Global Growth Fund Series I | 3.80 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Meritage Balanced Income Portfolio - Advisor Series/DSC
Median
Other - Canadian Neutral Balanced
3 Yr Annualized
| Standard Deviation | 7.02% | 7.91% | 7.73% |
|---|---|---|---|
| Beta | 0.90 | 0.89 | 0.89 |
| Alpha | -0.02 | -0.02 | -0.02 |
| Rsquared | 0.93% | 0.95% | 0.95% |
| Sharpe | 1.01 | 0.34 | 0.45 |
| Sortino | 2.02 | 0.49 | 0.44 |
| Treynor | 0.08 | 0.03 | 0.04 |
| Tax Efficiency | 91.83% | 84.65% | 77.83% |
| Volatility |
|
|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 5.73% | 7.02% | 7.91% | 7.73% |
| Beta | 0.75 | 0.90 | 0.89 | 0.89 |
| Alpha | -0.01 | -0.02 | -0.02 | -0.02 |
| Rsquared | 0.89% | 0.93% | 0.95% | 0.95% |
| Sharpe | 1.90 | 1.01 | 0.34 | 0.45 |
| Sortino | 3.29 | 2.02 | 0.49 | 0.44 |
| Treynor | 0.14 | 0.08 | 0.03 | 0.04 |
| Tax Efficiency | 90.18% | 91.83% | 84.65% | 77.83% |
Fundata ESG Metrics
Fundata ESG Score
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
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
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
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.
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) | $159 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC7523 |
Investment Objectives
The Portfolio’s investment objective is to achieve a high current income 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 | 2.19% |
|---|---|
| Management Fee | 1.80% |
| 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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