Beutel Goodman Small Cap Fund
Beutel Goodman Small Cap Fund seeks long-term capital appreciation by investing in stocks of smaller-capitalization Canadian issuers. Currently, a Canadian issuer qualifies for this fund if its market float is in the bottom 15% of the S&P/TSX Composite Index. The portfolio is built using bottom-up, fundamental research to seek to invest in quality companies with stable, growing businesses and strong balance sheets at discounts to their business value. We believe this focus can provide a margin of safety and help mitigate the potential of capital loss. Our approach includes a process-driven sell discipline, with a one-quarter sale of stocks that exceed the upside target we have set and a secondary review for stocks that exceed their downside targets.
all data as at 30 September 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| -2.76 | -5.38 | 13.15 | 19.38 | 22.18 | 13.81 | 11.19 | 7.56 | 10.25 |
Performance Start Date:
01 August 2006
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 30.20 | 21.97 | 14.66 | -5.87 | 26.57 | 7.50 | 25.47 | -18.08 | 8.17 | 21.07 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| -2.84 | -5.63 | 11.95 | 18.11 | 20.88 | 12.60 | 10.00 | 6.71 | 9.17 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 28.81 | 20.67 | 13.43 | -6.87 | 25.23 | 6.35 | 24.14 | -18.97 | 6.99 | 19.76 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| -2.78 | -5.45 | 12.85 | 19.06 | 21.84 | 13.51 | 10.89 | 7.34 | 12.42 |
Performance Start Date:
01 February 1995
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 29.84 | 21.64 | 14.36 | -6.12 | 26.24 | 7.20 | 25.13 | -18.32 | 7.85 | 20.71 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 31 August 2026
| Company | % |
|---|---|
| IA Financial Corp. | 6.2 |
| EQB | 5.6 |
| Aritzia | 5.6 |
| Lundin Mining | 5.0 |
| Badger Infrastructure Solutions | 5.0 |
| Alamos Gold CL A | 4.6 |
| Triple Flag Precious Metals | 4.5 |
| Premium Brands Holdings | 4.3 |
| Major Drilling Group Intl. | 4.2 |
| Maple Leaf Foods | 4.1 |
Documents
| Fund Facts, Beutel Goodman Small Cap Fund, Class B |
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| Fund Facts, Beutel Goodman Small Cap Fund, Class D |
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| Fund Facts, Beutel Goodman Small Cap Fund, Class F |
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| Quarterly Portfolio Disclosure |
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| Annual Distributions |
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