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Meritage American Equity Portfolio - Advisor Series/DSC

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U.S. Equity

FundGrade C Click for more information on Fundata’s FundGrade

FundGrade C

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
(08-29-2025) 		$23.59
Change
-$0.18 (-0.76%)

As at July 31, 2025

As at April 30, 2025

As at July 31, 2025

Period
Created with Highcharts 10.3.3Jan 2024Jul 2025Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jan 2008Jul 2010Jan 2013Jul 2015Jan 2018Jul 2020Jan 2023$10,000$8,000$12,000$14,000$16,000$18,000Period

Legend

Meritage American Equity Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (September 25, 2007): 8.15%

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 3.39% 15.87% 0.90% 5.61% 14.99% 18.79% 16.19% 10.03% 12.56% 11.68% 10.90% 11.56% 11.54% 9.91%
Benchmark 3.75% 14.47% 0.98% 4.47% 16.63% 22.18% 20.13% 14.21% 16.63% 16.21% 15.16% 15.90% 15.37% 14.37%
Category Average 2.77% 12.61% -0.79% 3.25% 11.69% 17.04% 15.31% 9.43% 12.84% 12.04% 11.19% 11.79% 11.55% 10.41%
Category Rank 612 / 1,363 351 / 1,336 367 / 1,305 265 / 1,297 417 / 1,278 580 / 1,228 618 / 1,165 552 / 1,091 630 / 1,029 615 / 976 571 / 885 526 / 831 454 / 744 429 / 655
Quartile Ranking 2 2 2 1 2 2 3 3 3 3 3 3 3 3

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Fund 0.42% 2.07% 1.99% 6.51% -2.20% 4.66% -2.53% -7.18% -3.75% 6.95% 4.79% 3.39%
Benchmark 0.07% 2.23% 2.12% 6.59% 0.26% 3.46% -1.62% -6.04% -4.57% 5.88% 4.21% 3.75%

Best Monthly Return Since Inception

13.28% (April 2020)

Worst Monthly Return Since Inception

-12.79% (March 2020)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%40%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 10.12% 5.04% 14.40% -2.60% 24.03% 12.10% 16.31% -11.46% 17.88% 27.22%
Benchmark 20.77% 8.65% 13.80% 3.98% 25.18% 16.07% 28.16% -12.52% 23.32% 36.01%
Category Average 10.40% 6.16% 13.43% -2.19% 22.72% 13.97% 23.22% -14.41% 18.85% 26.98%
Quartile Ranking 3 2 2 3 3 3 4 2 3 3
Category Rank 457/ 633 330/ 681 357/ 758 588/ 843 475/ 915 616/ 990 971/ 1,055 336/ 1,105 737/ 1,168 719/ 1,254

Best Calendar Return (Last 10 years)

27.22% (2024)

Worst Calendar Return (Last 10 years)

-11.46% (2022)

Asset Allocation

Asset Allocation
Name Percent
US Equity 93.65
Cash and Equivalents 3.50
International Equity 1.77
Canadian Equity 1.08

Sector Allocation

Sector Allocation
Name Percent
Technology 36.95
Consumer Services 13.65
Financial Services 13.15
Healthcare 11.81
Energy 4.65
Other 19.79

Geographic Allocation

Geographic Allocation
Name Percent
North America 98.24
Europe 1.76

Top Holdings

Top Holdings
Name Percent
AGF American Growth Fund Series O 35.18
PH&N U.S. Equity Fund Series D 34.87
NBI U.S. Equity Private Portfolio Series O 30.04
Cash and Cash Equivalents -0.09

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return8101214161820222426280%5%10%15%20%25%30%35%

Meritage American Equity Portfolio - Advisor Series/DSC

Median

Other - U.S. Equity

3 Yr Annualized

Standard Deviation 13.47% 13.34% 13.82%
Beta 1.01% 0.95% 1.01%
Alpha -0.03% -0.03% -0.04%
Rsquared 0.92% 0.91% 0.90%
Sharpe 0.89% 0.77% 0.63%
Sortino 1.63% 1.22% 0.82%
Treynor 0.12% 0.11% 0.09%
Tax Efficiency 82.32% 83.87% 87.97%
Volatility Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 7 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.24% 13.47% 13.34% 13.82%
Beta 1.09% 1.01% 0.95% 1.01%
Alpha -0.03% -0.03% -0.03% -0.04%
Rsquared 0.95% 0.92% 0.91% 0.90%
Sharpe 0.78% 0.89% 0.77% 0.63%
Sortino 1.31% 1.63% 1.22% 0.82%
Treynor 0.11% 0.12% 0.11% 0.09%
Tax Efficiency 89.04% 82.32% 83.87% 87.97%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A51.9​51.960.4​60.40%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: A60.7​60.762.0​62.00%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: A39.5​39.554.6​54.60%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: A54.7​54.763.3​63.30%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, 2007
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $59

Fund Codes

FundServ Code Load Code Sales Status
NBC7504

Investment Objectives

The Portfolio’s investment objective is to achieve long-term capital appreciation by investing primarily in a diverse mix of U.S. equity mutual funds.

Investment Strategy

Under normal market conditions, the Portfolio invests up to: 100% of its net assets in U.S. equity. The Portfolio invests up to 100% of its net assets in underlying funds (that may include exchange-traded funds) managed by the manager or third parties (“Underlying Funds”). The criteria used for selecting Underlying Fund securities are the same as the criteria used for selecting other types of securities.

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 2.38%
Management Fee 1.90%
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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