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Meritage Tactical ETF Growth Portfolio Advisor Series/DSC
Tactical Balanced
Click for more information on Fundata’s FundGrade
FundGrade B
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Click for more information on Fundata’s ESG Grade
Fundata ESG Grade C
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|
NAVPS (05-13-2026) |
$18.11 |
|---|---|
| Change |
$0.06
(0.36%)
|
As at April 30, 2026
As at April 30, 2026
As at April 30, 2026
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Legend
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Fund Returns
Inception Return (March 01, 2016): 7.46%
| 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 | 4.91% | 4.24% | 7.55% | 6.26% | 26.57% | 17.21% | 13.26% | 10.78% | 8.25% | 10.43% | 7.97% | 7.57% | 6.88% | 7.35% |
| Benchmark | 3.53% | 2.14% | 1.68% | 3.20% | 15.84% | 13.40% | 11.99% | 10.53% | 7.11% | 7.76% | 7.21% | 7.34% | 6.84% | 7.83% |
| Category Average | 3.12% | 2.77% | 4.44% | 4.20% | 15.58% | 11.89% | 9.93% | 7.84% | 5.84% | 7.43% | 5.99% | 5.69% | 5.13% | 5.64% |
| Category Rank | 35 / 329 | 99 / 326 | 89 / 325 | 135 / 326 | 30 / 324 | 28 / 317 | 38 / 313 | 29 / 294 | 69 / 285 | 48 / 277 | 57 / 263 | 73 / 246 | 69 / 228 | 71 / 217 |
| Quartile Ranking | 1 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 |
Monthly Return
| Return % | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 3.60% | 2.47% | 1.37% | 2.89% | 4.44% | 1.77% | 1.61% | -0.40% | 1.94% | 3.79% | -4.27% | 4.91% |
| Benchmark | 2.47% | 2.53% | 1.48% | 1.44% | 3.57% | 1.71% | -0.22% | -1.26% | 1.04% | 2.06% | -3.32% | 3.53% |
Best Monthly Return Since Inception
8.48% (April 2020)
Worst Monthly Return Since Inception
-12.03% (March 2020)
Calendar Return (%)
| Return % | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | 8.13% | -6.69% | 14.58% | 7.39% | 11.95% | -10.84% | 10.29% | 13.76% | 16.61% |
| Benchmark | 2.39% | 8.66% | 2.68% | 12.26% | 11.12% | 6.48% | -11.62% | 11.69% | 17.48% | 10.42% |
| Category Average | 5.78% | 6.18% | -5.55% | 12.58% | 5.65% | 9.53% | -9.83% | 8.35% | 11.73% | 10.14% |
| Quartile Ranking | - | 1 | 4 | 2 | 2 | 2 | 3 | 1 | 2 | 1 |
| Category Rank | - | 46/ 228 | 239/ 242 | 83/ 258 | 78/ 277 | 137/ 279 | 210/ 293 | 72/ 313 | 135/ 315 | 31/ 318 |
Best Calendar Return (Last 10 years)
16.61% (2025)
Worst Calendar Return (Last 10 years)
-10.84% (2022)
Asset Allocation
| Name | Percent |
|---|---|
| US Equity | 35.48 |
| Canadian Equity | 24.19 |
| International Equity | 22.67 |
| Canadian Government Bonds | 7.83 |
| Canadian Corporate Bonds | 4.36 |
| Other | 5.47 |
Sector Allocation
| Name | Percent |
|---|---|
| Technology | 22.17 |
| Financial Services | 16.97 |
| Fixed Income | 14.81 |
| Energy | 6.00 |
| Basic Materials | 5.81 |
| Other | 34.24 |
Geographic Allocation
| Name | Percent |
|---|---|
| North America | 75.85 |
| Asia | 12.79 |
| Europe | 6.43 |
| Multi-National | 2.00 |
| Latin America | 1.51 |
| Other | 1.42 |
Top Holdings
| Name | Percent |
|---|---|
| Schwab US Broad Market ETF (SCHB) | 21.85 |
| BMO S&P/TSX Capped Composite Index ETF (ZCN) | 15.04 |
| BMO Aggregate Bond Index ETF (ZAG) | 8.89 |
| CI MStar Canada Moment Indx ETF (WXM) | 7.09 |
| iShares Core MSCI Emerging Markets ETF (IEMG) | 6.99 |
| iShares Core MSCI EAFE ETF (IEFA) | 5.97 |
| BMO MSCI USA High Quality Index ETF (ZUQ) | 4.38 |
| Invesco S&P 500 Momentum ETF (SPMO) | 3.71 |
| Invesco S&P 500 Eql Wght ETF (RSP) | 3.66 |
| Global X Equal Weight Canadian Bks Ind ETF (HBNK) | 2.99 |
Equity Style
Fixed Income Style
Risk vs Return (3 Yr)
Meritage Tactical ETF Growth Portfolio Advisor Series/DSC
Median
Other - Tactical Balanced
3 Yr Annualized
| Standard Deviation | 8.33% | 9.39% | 9.58% |
|---|---|---|---|
| Beta | 1.12 | 1.06 | 1.12 |
| Alpha | 0.00 | 0.01 | -0.01 |
| Rsquared | 0.86% | 0.86% | 0.74% |
| Sharpe | 1.11 | 0.59 | 0.59 |
| Sortino | 2.13 | 0.87 | 0.69 |
| Treynor | 0.08 | 0.05 | 0.05 |
| Tax Efficiency | 95.12% | 92.60% | - |
| Volatility |
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|
|
Risk Rating
Annualized Key Ratio Period Comparison
| Key Ratio | 1 Yr | 3 Yr | 5 Yr | 10 Yr |
|---|---|---|---|---|
| Standard Deviation | 8.54% | 8.33% | 9.39% | 9.58% |
| Beta | 1.17 | 1.12 | 1.06 | 1.12 |
| Alpha | 0.07 | 0.00 | 0.01 | -0.01 |
| Rsquared | 0.90% | 0.86% | 0.86% | 0.74% |
| Sharpe | 2.55 | 1.11 | 0.59 | 0.59 |
| Sortino | 4.63 | 2.13 | 0.87 | 0.69 |
| Treynor | 0.19 | 0.08 | 0.05 | 0.05 |
| Tax Efficiency | 95.48% | 95.12% | 92.60% | - |
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 | March 01, 2016 |
|---|---|
| Instrument Type | Mutual Fund (Wrap Program) |
| Share Class | Commission Based Advice |
| Legal Status | Trust |
| Sales Status | Open |
| Currency | CAD |
| Distribution Frequency | Quarterly |
| Assets ($mil) | $179 |
Fund Codes
| FundServ Code | Load Code | Sales Status |
|---|---|---|
| NBC7544 |
Investment Objectives
The Portfolio’s investment objective is to achieve a combination of income and long-term capital appreciation by making tactical investments primarily in a diverse mix of exchange-traded funds (“ETFs”) that are fixed-income funds and equity funds. The weighting assigned to equity securities will generally be greater than the weighting assigned to fixed-income securities.
Investment Strategy
The target weighting for each asset class in which the Portfolio invests under normal market conditions is the following: 10%-50% of the net assets in Canadian and global fixed-income securities, 50%-90% of the net assets in Canadian and global equity securities. The Portfolio achieves exposure to the above asset classes by investing up to 100% of its net assets in ETFs.
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 | 1.74% |
|---|---|
| Management Fee | 1.30% |
| 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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