Beutel Goodman North American Focused Equity Fund
Beutel Goodman North American Focused Equity Fund seeks long-term capital appreciation by investing in mid- to large-cap Canadian and U.S. stocks. It is expected this portfolio will only hold up to 24 securities, with maximum single-holding, regional and sector weights in place 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 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| -1.38 | -1.75 | 11.48 | 9.96 | 7.08 | 10.47 | 8.44 | 0.58 | 9.30 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 15.70 | 8.20 | -1.24 | 18.87 | 4.68 | 13.97 | -4.02 | 11.80 | 21.22 | 0.65 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| -1.34 | -1.60 | 12.19 | 10.66 | 7.76 | 11.19 | 9.17 | 0.68 | 7.91 |
Performance Start Date:
01 April 1999
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 16.44 | 8.89 | -0.60 | 19.68 | 5.37 | 14.74 | -3.35 | 12.58 | 22.11 | 1.35 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 28 February 2025, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| -1.31 | -1.50 | 12.65 | 11.12 | 8.19 | 11.62 | 9.58 | 0.75 | 10.44 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 16.92 | 9.32 | -0.22 | 20.13 | 5.77 | 15.17 | -2.99 | 12.98 | 22.53 | 1.70 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 31 January 2025
| Company | % |
|---|---|
| TD Bank | 6.1 |
| RBC | 5.2 |
| Medtronic | 4.8 |
| Kimberly-Clark | 4.7 |
| CGI Group CL A | 4.7 |
| eBay | 4.6 |
| CAE | 4.6 |
| Metro | 4.5 |
| Comcast CL A | 4.5 |
| Colliers Intl. Group | 4.4 |
Documents
| Fund Facts, Beutel Goodman North American Focused Equity Fund, Class B |
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| Fund Facts, Beutel Goodman North American Focused Equity Fund, Class D |
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| Fund Facts, Beutel Goodman North American Focused Equity Fund, Class F |
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| Quarterly Portfolio Disclosure |
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| Annual Distributions |
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