National Bank Investments Inc. Thursday announced a change in the risk rating of the Meritage Diversified Fixed Income Portfolio.

The firm applies a risk rating policy based upon the guidelines established by the Investment Funds Institute of Canada, which are themselves based primarily upon the variability of a mutual fund’s returns.

In the application of this policy, the level of risk associated with Meritage Diversified Fixed Income Portfolio has been lowered from “Low to Medium” to “Low”.

This change aims to more accurately reflect the fund’s actual risk levels. No changes have been made to the investment objectives, strategies or management of this fund, the firm says.