Beutel Goodman American Equity Fund
Beutel Goodman American Equity Fund seeks long-term capital appreciation by investing in mid- to large-cap U.S. stocks. Maximum single-holding and sector weights are set to provide diversification. 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-third sale of securities 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 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 1.50 | 4.92 | -1.53 | 12.48 | 12.94 | 10.24 | 10.15 | -2.00 | 12.53 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 19.12 | 7.28 | 7.42 | 11.79 | 6.97 | 21.32 | -1.99 | 11.88 | 12.79 | 14.72 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 0.15 | 2.89 | -4.39 | 10.88 | 12.46 | 9.34 | N/A | 1.29 | 10.02 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 9.21 | 10.24 | 0.15 | 12.75 | N/A | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 1.56 | 5.10 | -0.86 | 13.24 | 13.69 | 10.98 | 10.89 | -1.51 | 8.02 |
Performance Start Date:
01 April 1991
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 19.93 | 7.98 | 8.14 | 12.54 | 7.69 | 22.14 | -1.33 | 12.64 | 13.55 | 15.50 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 0.21 | 3.07 | -3.75 | 11.63 | 13.22 | 10.08 | N/A | 1.81 | 10.76 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 9.95 | 10.96 | 0.81 | 13.51 | N/A | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 1.59 | 5.20 | -0.47 | 13.69 | 14.15 | 11.42 | 11.33 | -1.21 | 10.46 |
Performance Start Date:
01 August 2006
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 20.40 | 8.42 | 8.57 | 12.99 | 8.11 | 22.62 | -0.94 | 13.07 | 13.99 | 15.96 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 September 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 0.25 | 3.17 | -3.36 | 12.07 | 13.67 | 10.52 | N/A | 2.11 | 11.20 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 10.39 | 11.40 | 1.22 | 13.96 | N/A | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 31 August 2025
| Company | % |
|---|---|
| American Express | 5.1 |
| Gen Digital | 5.1 |
| Merck & Co. | 5.0 |
| Medtronic | 4.8 |
| Qualcomm | 4.8 |
| PPG Industries | 4.7 |
| NetApp | 4.6 |
| Chubb | 4.6 |
| Amgen | 4.6 |
| Comcast CL A | 4.3 |
Documents
| Fund Facts, Beutel Goodman American Equity Fund, Class B |
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| Fund Facts, Beutel Goodman American Equity Fund, Class D |
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| Fund Facts, Beutel Goodman American Equity Fund, Class F |
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| Quarterly Portfolio Disclosure |
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| Annual Distributions |
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