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 28 February 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 | 3.26 | 3.57 | 7.87 | 8.87 | 10.43 | 11.59 | 3.80 | 10.49 |
Performance Start Date:
01 August 2006
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| -0.43 | 20.40 | 8.42 | 8.57 | 12.99 | 8.11 | 22.62 | -0.94 | 13.07 | 13.99 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.11 | 5.55 | 9.40 | 7.57 | 8.81 | 8.80 | N/A | 4.32 | 11.61 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 4.48 | 10.39 | 11.40 | 1.22 | 13.96 | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 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 | 2.98 | 2.47 | 6.72 | 7.72 | 9.25 | 10.41 | 3.62 | 12.47 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| -1.49 | 19.12 | 7.28 | 7.42 | 11.79 | 6.97 | 21.32 | -1.99 | 11.88 | 12.79 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.03 | 5.26 | 8.23 | 6.43 | 7.65 | 7.64 | N/A | 4.14 | 10.43 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 3.36 | 9.21 | 10.24 | 0.15 | 12.75 | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.81 | 3.16 | 3.16 | 7.44 | 8.44 | 9.99 | 11.15 | 3.73 | 8.05 |
Performance Start Date:
01 April 1991
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| -0.82 | 19.93 | 7.98 | 8.14 | 12.54 | 7.69 | 22.14 | -1.33 | 12.64 | 13.55 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.08 | 5.44 | 8.96 | 7.14 | 8.38 | 8.36 | N/A | 4.25 | 11.17 |
Performance Start Date:
01 June 2020
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 4.06 | 9.95 | 10.96 | 0.81 | 13.51 | N/A | N/A | N/A | N/A | N/A |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 31 January 2026
| Company | % |
|---|---|
| Merck & Co. | 5.6 |
| Medtronic | 5.4 |
| Chubb | 5.3 |
| Westinghouse Air Brake Technologies | 5.3 |
| Omnicom Group | 5.1 |
| PPG Industries | 5.0 |
| Ameriprise Financial | 5.0 |
| eBay | 4.9 |
| Amgen | 4.7 |
| NetApp | 4.4 |
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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