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Meritage Diversified Fixed Income Portfolio - Advisor Series/DSC

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Multi-Sector Fixed Income

FundGrade D Click for more information on Fundata’s FundGrade

FundGrade D

Click for more information on Fundata’s FundGrade.

NAVPS
(12-20-2024) 		$8.03
Change
$0.02 (0.25%)

As at November 30, 2024

As at August 31, 2024

Period
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Legend

Meritage Diversified Fixed Income Portfolio - Advisor Series/DSC

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Fund Returns

Inception Return (October 29, 2013): 1.57%

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 1.25% 1.63% 5.14% 4.10% 7.54% 4.23% -0.60% -1.12% 0.12% 1.39% 0.82% 0.98% 1.16% 1.23%
Benchmark 0.96% 3.30% 7.79% 9.02% 10.50% 7.28% 0.55% -0.44% 0.89% 2.29% 1.95% 2.15% 2.52% 3.45%
Category Average 1.02% 1.01% 4.55% 4.77% 8.00% - - - - - - - - -
Category Rank 95 / 310 94 / 297 103 / 295 214 / 293 197 / 293 233 / 284 220 / 276 241 / 266 223 / 245 198 / 230 177 / 205 141 / 170 116 / 131 88 / 102
Quartile Ranking 2 2 2 3 3 4 4 4 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Dec Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Fund 3.30% -1.00% -0.25% 0.64% -1.90% 1.55% 0.89% 1.91% 0.62% 1.62% -1.23% 1.25%
Benchmark 1.36% 0.46% 0.43% 0.67% -0.78% 0.36% 1.11% 3.56% -0.33% 1.97% 0.33% 0.96%

Best Monthly Return Since Inception

4.00% (November 2023)

Worst Monthly Return Since Inception

-5.31% (March 2020)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 5.06% 2.14% 2.38% 1.52% -1.53% 6.85% 6.56% -2.28% -11.46% 5.39%
Benchmark 11.01% 16.14% 1.29% 1.23% 6.50% 4.01% 7.35% -4.31% -10.27% 5.25%
Category Average - - - - - - - - - -
Quartile Ranking 3 2 4 4 3 3 2 4 3 4
Category Rank 50/ 80 36/ 107 111/ 131 135/ 170 137/ 206 129/ 234 65/ 248 245/ 266 200/ 276 226/ 284

Best Calendar Return (Last 10 years)

6.85% (2019)

Worst Calendar Return (Last 10 years)

-11.46% (2022)

Asset Allocation

Asset Allocation
Name Percent
Canadian Government Bonds 34.11
Canadian Corporate Bonds 30.78
Foreign Corporate Bonds 18.61
Foreign Government Bonds 8.79
Mortgages 3.51
Other 4.20

Sector Allocation

Sector Allocation
Name Percent
Fixed Income 96.96
Cash and Cash Equivalent 2.40
Utilities 0.16
Technology 0.10
Financial Services 0.08
Other 0.30

Geographic Allocation

Geographic Allocation
Name Percent
North America 88.48
Asia 5.63
Europe 4.72
Latin America 0.77
Africa and Middle East 0.27
Other 0.13

Top Holdings

Top Holdings
Name Percent
Manulife Strategic Income Fund Series I 31.75
TD Canadian Core Plus Bond Fund - O Series 28.97
CI Canadian Bond Fund Class I 28.97
RP Strategic Income Plus Fund Class O 10.61
NBI Sustainable Canadian Short Term Bd ETF (NSSB) 5.29
Cash and Cash Equivalents -5.59

Equity Style

Equity style data not available

Fixed Income Style

Average Duration: L. Average Credit Quality: M.
Period: 

Risk vs Return (3 Yr)

Meritage Diversified Fixed Income Portfolio - Advisor Series/DSC

Median

Other - Multi-Sector Fixed Income

3 Yr Annualized

Standard Deviation 6.69% 6.32% 4.96%
Beta 0.82% 0.66% 0.44%
Alpha -0.01% 0.00% 0.00%
Rsquared 0.66% 0.45% 0.39%
Sharpe -0.59% -0.31% -0.05%
Sortino -0.67% -0.55% -0.44%
Treynor -0.05% -0.03% -0.01%
Tax Efficiency - - 32.96%
Volatility Volatility rating is 2 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10 Volatility rating is 1 on a scale of 1 to 10

Risk Rating

Rating 2 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 5.16% 6.69% 6.32% 4.96%
Beta 0.85% 0.82% 0.66% 0.44%
Alpha -0.01% -0.01% 0.00% 0.00%
Rsquared 0.41% 0.66% 0.45% 0.39%
Sharpe 0.56% -0.59% -0.31% -0.05%
Sortino 1.50% -0.67% -0.55% -0.44%
Treynor 0.03% -0.05% -0.03% -0.01%
Tax Efficiency 86.38% - - 32.96%

Fund Details

Start Date October 29, 2013
Instrument Type Mutual Fund (Wrap Program)
Share Class Commission Based Advice
Legal Status Trust
Sales Status Open
Currency CAD
Distribution Frequency Monthly
Assets ($mil) $38

Fund Codes

FundServ Code Load Code Sales Status
NBC7520

Investment Objectives

The Portfolio’s investment objective is to achieve a current income by investing primarily in a diverse mix of fixed-income mutual funds.

Investment Strategy

The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 100% of net assets in securities of Canadian and global fixed-income funds. 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 Manager(s)

Name Start Date
National Bank Trust Inc. 08-03-2021

Management and Organization

Fund Manager National Bank Investments Inc.
Advisor National Bank Trust Inc.
Custodian Natcan Trust Company
Registrar Natcan Trust Company
Distributor -
Auditor Raymond Chabot Grant Thornton LLP

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 25
PAC Subsequent 25
SWP Allowed Yes
SWP Min Balance -
SWP Min Withdrawal -

Fees

MER 1.76%
Management Fee 1.35%
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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