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 31 August 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 0.37 | 6.03 | 8.36 | 7.70 | 11.28 | 7.67 | 9.49 | 4.98 | 10.11 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 6.11 | 16.92 | 9.32 | -0.22 | 20.13 | 5.77 | 15.17 | -2.99 | 12.98 | 22.53 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 31 August 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 0.28 | 5.75 | 7.23 | 6.59 | 10.13 | 6.55 | 8.35 | 4.25 | 8.97 |
Performance Start Date:
01 October 2010
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 5.01 | 15.70 | 8.20 | -1.24 | 18.87 | 4.68 | 13.97 | -4.02 | 11.80 | 21.22 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
all data as at 31 August 2026, except where indicated
Performance
Returns (%)
| 1 month | 3 months | 1 year | 2 years | 3 years | 5 years | 10 years | YTD | Since Inception |
|---|---|---|---|---|---|---|---|---|
| 0.33 | 5.92 | 7.92 | 7.26 | 10.83 | 7.24 | 9.07 | 4.70 | 7.83 |
Performance Start Date:
01 April 1999
Calendar Year Returns (%)
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| 5.68 | 16.44 | 8.89 | -0.60 | 19.68 | 5.37 | 14.74 | -3.35 | 12.58 | 22.11 |
| Date | NAV ($) | Price Change ($) | Price Change (%) | Distribution Amount ($) |
|---|---|---|---|---|
Portfolio Analysis
Top 10 Holdings
as at 31 July 2026
| Company | % |
|---|---|
| Alimentation Couche-Tard | 5.6 |
| Marsh & McLennan | 5.5 |
| TD Bank | 5.4 |
| PPG Industries | 4.9 |
| CCL Industries CL B | 4.8 |
| Becton Dickinson & Co | 4.8 |
| CN Railway | 4.6 |
| Merck & Co. | 4.4 |
| Metro | 4.4 |
| NetApp | 4.3 |
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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