Beutel Goodman International Equity Fund
Beutel Goodman International Equity Fund seeks long-term capital appreciation by investing in mid- to large-cap international stocks, primarily in developed markets. Maximum single-holding, regional 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 June 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.07 | 6.32 | 18.95 | 13.40 | 14.87 | 8.74 | 5.60 | 14.46 | 5.71 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 10.69 | 11.49 | -13.40 | 9.25 | 2.27 | 16.71 | -9.48 | 19.86 | 0.41 | 10.28 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 June 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.14 | 6.51 | 19.83 | 14.23 | 15.68 | 9.55 | 6.43 | 14.87 | 5.28 |
Performance Start Date:
01 October 1992
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 11.53 | 12.22 | -12.68 | 10.08 | 3.04 | 17.70 | -8.74 | 20.89 | 1.26 | 11.19 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 30 June 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 2.15 | 6.58 | 20.11 | 14.50 | 15.95 | 9.76 | 6.61 | 15.01 | 3.97 |
Performance Start Date:
01 August 2006
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 11.78 | 12.50 | -12.63 | 10.31 | 3.20 | 17.86 | -8.61 | 21.06 | 1.44 | 11.40 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 31 May 2025
| Company | % |
|---|---|
| IMI | 5.1 |
| Carlsberg | 4.5 |
| Smiths Group | 4.4 |
| Konecranes | 4.2 |
| Infineon Technologies CL N | 4.1 |
| Roche Holdings | 4.1 |
| Atea | 4.0 |
| Dormakaba Holding | 4.0 |
| GSK | 3.8 |
| Euronext NV | 3.7 |
Documents
| Fund Facts, Beutel Goodman International Equity Fund, Class B |
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| Fund Facts, Beutel Goodman International Equity Fund, Class D |
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| Fund Facts, Beutel Goodman International Equity Fund, Class F |
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| Quarterly Portfolio Disclosure |
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| Annual Distributions |
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