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 31 May 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.89 | -7.55 | -2.82 | 9.47 | 8.71 | 9.50 | 8.87 | -7.91 | 12.36 |
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 ($) |
|---|---|---|---|---|
all data as at 31 May 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 3.36 | -3.14 | -3.66 | 8.84 | 5.73 | 9.62 | N/A | -3.67 | 9.62 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 9.21 | 10.24 | 0.15 | 12.75 | N/A | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 31 May 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.94 | -7.40 | -2.17 | 10.20 | 9.44 | 10.23 | 9.60 | -7.65 | 7.90 |
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 ($) |
|---|---|---|---|---|
all data as at 31 May 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 3.42 | -2.98 | -3.01 | 9.58 | 6.43 | 10.35 | N/A | -3.40 | 10.35 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 9.95 | 10.96 | 0.81 | 13.51 | N/A | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 31 May 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.98 | -7.31 | -1.78 | 10.64 | 9.87 | 10.68 | 10.04 | -7.50 | 10.27 |
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 ($) |
|---|---|---|---|---|
all data as at 31 May 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 3.45 | -2.88 | -2.62 | 10.01 | 6.86 | 10.79 | N/A | -3.24 | 10.79 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 10.39 | 11.40 | 1.22 | 13.96 | N/A | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 30 April 2025
| Company | % |
|---|---|
| eBay | 5.5 |
| Gen Digital | 5.0 |
| Amdocs | 5.0 |
| Merck & Co. | 4.9 |
| Medtronic | 4.8 |
| Amgen | 4.7 |
| PPG Industries | 4.7 |
| Comcast CL A | 4.7 |
| Kimberly-Clark | 4.6 |
| American Express | 4.5 |
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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