Investment Objective
To achieve long-term capital appreciation by investing primarily in a diverse mix of U.S. equity mutual funds. The Portfolio may from time to time make direct investments in Canadian and foreign equity and fixed-income securities.
Fund Details
Investment horizon
Fund volatility
Minimum Initial Investment:
$500
Subsequent Investment:
$50
Systematic Investment:
$25
Distribution Frequency:
Annually
Assets Under Management ($M):
$57.6
Price per Unit:
$25.73
Inception Date:
September 25, 2007
Value of $10,000 over 10 years:
$29,294
Management Fee:
0.85%
MER:
1.18%
Management Fee Reduction Plan¹
For High Net Worth investors
Amount Applicable
| Level | to the level* | Reduction |
|---|---|---|
| 1 | First $250,000 | 0.025% |
| 2 | Next $250,000 | 0.050% |
| 3 | In excess of $500,000 | 0.075% |
¹ Subject to satisfying one of the Plan admissibility criteria.
* The levels apply according to the market value of the
assets.
Available Fund Code:
| Trust Portfolios | Fund Code |
|---|---|
| Advisor Series | |
| Initial Sales Charge | NBC7404 |
| Deferred Sales Charge | NBC7504 |
| Low Sales Charge | NBC7604 |
| F Series | NBC7704 |
| F5 Series | NBC8704 |
| T5 Series | |
| Initial Sales Charge | NBC8404 |
| Deferred Sales Charge | NBC8504 |
| Low Sales Charge | NBC8604 |
Portfolio Statistics
Alpha
-0.02
Beta
1.02
R-squared
0.93
Standard Deviation
14.14
Sharpe
1.06
Portfolio Asset Mix*
(% of Net Assets)
| US Equity | 93.74 |
| Cash and Equivalents | 3.20 |
| International Equity | 2.05 |
| Canadian Equity | 1.01 |
| Third-Party funds | % |
|---|---|
| AGF American Growth Fund | 35.46 |
| PH&N U.S. Equity Fund | 34.73 |
| NBI U.S. Equity Private Portfolio | 29.81 |
Geographic Allocation*
| United States | 95.05% |
| Canada | 2.91% |
| Ireland | 1.39% |
| Switzerland | 0.44% |
| United Kingdom | 0.14% |
| Netherlands | 0.07% |
Sector Allocation*
| Technology | 37.22% |
| Financial Services | 14.63% |
| Consumer Services | 12.43% |
| Healthcare | 11.78% |
| Other | 6.18% |
| Energy | 4.75% |
| Consumer Goods | 3.51% |
| Industrial Goods | 3.45% |
| Cash and Cash Equivalent | 3.20% |
| Basic Materials | 2.85% |
Calendar Returns (%)
| YTD | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Portfolio | 2.78 | 28.73 | 19.25 | -10.44 | 17.64 | 13.34 | 25.54 |
Annualized Returns (%)
| Global Equities | 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. | Incp. Date |
|---|---|---|---|---|---|---|---|---|---|
| AGF American Growth Fund | 6.24 | 14.45 | 6.51 | 24.97 | 27.43 | - | - | 23.00 | 05-13-2022 |
| NBI U.S. Equity Private Portfolio | 4.60 | 6.56 | 2.19 | 10.48 | 23.07 | 18.87 | - | 18.82 | 05-20-2020 |
| PH&N U.S. Equity Fund | 4.51 | 4.70 | 0.18 | 11.20 | 22.07 | 16.49 | 13.83 | 8.85 | 10-31-2002 |
| Portfolio | 1 M | 3 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Incp. | Incp. Date |
| Portfolio | 4.98 | 8.25 | 2.78 | 14.18 | 19.65 | 14.05 | 11.35 | 9.37 |
*Underlying fund data are as of March 31, 2025.
Disclosure
Meritage Portfolios® (the "Portfolios") are managed by National Bank Investments Inc., a wholly owned subsidiary of National Bank of Canada. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the Portfolios. Please read the prospectus of the Portfolios before investing. The Portfolios’ securities are not insured by the Canada Deposit Insurance Corporation or by any other government deposit insurer. The Portfolios are not guaranteed, their values change frequently and past performance may not be repeated. The indicated rates of returns are based on the historical annual compounded total returns including changes in securities value and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns. "Meritage Portfolios®" and the Meritage Portfolios logo are trade-marks of National Bank of Canada, used under license by National Bank Investments Inc. All trade-marks and logos of the mutual funds companies are their property. National Bank Investments Inc. is an authorized user. Fidelity Investments is a registered trade-mark of FMR LLC. ® CI Investments and the CI Investments design are trade-marks of CI Investments Inc. Dynamic Funds® is a registered trademark of its owner, used under license, and a division of GCIC Ltd. TD Asset Management Inc. is a wholly owned subsidiary of The Toronto-Dominion Bank. The TD logo is a trade-mark of The TorontoDominion Bank. Invesco and all associated trade-marks are trade-marks of Invesco Holding Company Limited, used under licence. Trimark and all associated trade-marks are trade-marks of Invesco Canada Ltd. © Invesco Canada Ltd., 2019. Manulife Funds, Manulife Corporate Classes and Manulife Leaders Portfolios are managed by Manulife Mutual Funds. Manulife, Manulife Mutual Funds and the Manulife Mutual Funds For Your Future Logo are trademarks of The Manufacturers Life Insurance Company and are used by it, and by its affiliates under license.