BEUTEL, GOODMAN & CO LTD.

PrivateCIK: 1361974

Location

TORONTO, A6

170

Positions

$14.75M

Total AUM (reported)

206.94M

Total Shares

Allocation by class

COMMON$12.10M82.0%

ADR (2 ORD)$581.0K3.9%

CLASS B NON VTG$376.1K2.5%

ORDINARY$344.8K2.3%

SUB VTG SHS$276.0K1.9%

CL A SUB VTG$271.9K1.8%

CLASS A LTD VTG$230.0K1.6%

Portfolio Concentration

Top 3$1.69M11.4%

4–10$2.71M18.4%

11–25$4.55M30.8%

Rest$5.81M39.4%

Top 3 weight

11.4%

Top 10 weight

29.8%

Voting Authority Distribution

Total shares with voting rights: 206.94M

Sole

Full voting authority

198.85M

% of voting shares96.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

8.09M

% of voting shares3.9%

Investment Discretion (by position count)

Sole170

Shared0

Other0

Dominant voting typeSole · 96.1% of voting shares

Institutional Holdings170

Rows:

Toronto Dominion Bk

SOLE

Common

Shares7.38M

TypeSH

Market value$687.4K

4.66%

Sole

7.15M

Shared

0.00

None

234.21K

Royal Bank Cda

SOLE

ADR (2 ORD)

Shares3.61M

TypeSH

Market value$581.0K

3.94%

Sole

3.50M

Shared

0.00

None

110.21K

Bank of Montreal

SOLE

Common

Shares3.10M

TypeSH

Market value$418.8K

2.84%

Sole

3.05M

Shared

0.00

None

48.68K

WABTEC CORP

SOLE

Common

Shares1.65M

TypeSH

Market value$412.1K

2.79%

Sole

1.57M

Shared

0.00

None

81.32K

PPG Industries

SOLE

Common

Shares3.71M

TypeSH

Market value$396.8K

2.69%

Sole

3.45M

Shared

0.00

None

261.74K

Ebay Inc

SOLE

Common

Shares4.28M

TypeSH

Market value$389.3K

2.64%

Sole

4.09M

Shared

0.00

None

189.04K

Medtronic PLC

SOLE

Common

Shares4.47M

TypeSH

Market value$387.3K

2.63%

Sole

4.17M

Shared

0.00

None

301.10K

Chubb Limited

SOLE

Common

Shares1.16M

TypeSH

Market value$377.1K

2.56%

Sole

1.07M

Shared

0.00

None

84.65K

Restaurant Brands International

SOLE

Class B Non VTG

Shares5.10M

TypeSH

Market value$376.1K

2.55%

Sole

4.88M

Shared

0.00

None

219.32K

NetApp

SOLE

Common

Shares3.64M

TypeSH

Market value$373.0K

2.53%

Sole

3.40M

Shared

0.00

None

247.11K

Merck& Co Inc

SOLE

Common

Shares3.03M

TypeSH

Market value$364.5K

2.47%

Sole

2.79M

Shared

0.00

None

235.23K

Rogers Communications

SOLE

Common

Shares9.49M

TypeSH

Market value$363.8K

2.47%

Sole

9.10M

Shared

0.00

None

386.85K

Manulife Fincl Corp

SOLE

Common

Shares10.12M

TypeSH

Market value$347.4K

2.36%

Sole

9.96M

Shared

0.00

None

162.38K

Amdocs Ltd

SOLE

Ordinary

Shares5.28M

TypeSH

Market value$344.8K

2.34%

Sole

4.95M

Shared

0.00

None

335.35K

Canadian Pacific Kansas City

SOLE

Common

Shares4.11M

TypeSH

Market value$322.5K

2.19%

Sole

4.04M

Shared

0.00

None

67.65K

Omnicom Group

SOLE

Common

Shares4.13M

TypeSH

Market value$310.9K

2.11%

Sole

3.93M

Shared

0.00

None

199.62K

Qualcomm

SOLE

Common

Shares2.41M

TypeSH

Market value$310.1K

2.10%

Sole

2.26M

Shared

0.00

None

151.29K

Ameriprise Financial

SOLE

Common

Shares659.56K

TypeSH

Market value$293.1K

1.99%

Sole

626.67K

Shared

0.00

None

32.89K

Nutrien

SOLE

Common

Shares3.70M

TypeSH

Market value$278.5K

1.89%

Sole

3.64M

Shared

0.00

None

59.23K

GFL Environmental

SOLE

Sub Vtg Shs

Shares6.64M

TypeSH

Market value$276.0K

1.87%

Sole

6.52M

Shared

0.00

None

113.69K

Comcast Corp

SOLE

Common

Shares9.54M

TypeSH

Market value$273.8K

1.86%

Sole

8.82M

Shared

0.00

None

715.76K

CGI Group

SOLE

Cl A Sub Vtg

Shares3.73M

TypeSH

Market value$271.9K

1.84%

Sole

3.54M

Shared

0.00

None

188.38K

Suncor Energy

SOLE

Common

Shares4.09M

TypeSH

Market value$269.4K

1.83%

Sole

4.02M

Shared

0.00

None

64.36K

Elevance Health

SOLE

Common

Shares886.72K

TypeSH

Market value$259.6K

1.76%

Sole

846.89K

Shared

0.00

None

39.84K

Union Pacific Corp.

SOLE

Common

Shares1.07M

TypeSH

Market value$258.6K

1.75%

Sole

1.02M

Shared

0.00

None

47.40K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
Toronto Dominion BkSOLE	Common	7.38M	SH	$687.4K 4.66%	7.15M	234.21K
Royal Bank CdaSOLE	ADR (2 ORD)	3.61M	SH	$581.0K 3.94%	3.50M	110.21K
Bank of MontrealSOLE	Common	3.10M	SH	$418.8K 2.84%	3.05M	48.68K
WABTEC CORPSOLE	Common	1.65M	SH	$412.1K 2.79%	1.57M	81.32K
PPG IndustriesSOLE	Common	3.71M	SH	$396.8K 2.69%	3.45M	261.74K
Ebay IncSOLE	Common	4.28M	SH	$389.3K 2.64%	4.09M	189.04K
Medtronic PLCSOLE	Common	4.47M	SH	$387.3K 2.63%	4.17M	301.10K
Chubb LimitedSOLE	Common	1.16M	SH	$377.1K 2.56%	1.07M	84.65K
Restaurant Brands InternationalSOLE	Class B Non VTG	5.10M	SH	$376.1K 2.55%	4.88M	219.32K
NetAppSOLE	Common	3.64M	SH	$373.0K 2.53%	3.40M	247.11K
Merck& Co IncSOLE	Common	3.03M	SH	$364.5K 2.47%	2.79M	235.23K
Rogers CommunicationsSOLE	Common	9.49M	SH	$363.8K 2.47%	9.10M	386.85K
Manulife Fincl CorpSOLE	Common	10.12M	SH	$347.4K 2.36%	9.96M	162.38K
Amdocs LtdSOLE	Ordinary	5.28M	SH	$344.8K 2.34%	4.95M	335.35K
Canadian Pacific Kansas CitySOLE	Common	4.11M	SH	$322.5K 2.19%	4.04M	67.65K
Omnicom GroupSOLE	Common	4.13M	SH	$310.9K 2.11%	3.93M	199.62K
QualcommSOLE	Common	2.41M	SH	$310.1K 2.10%	2.26M	151.29K
Ameriprise FinancialSOLE	Common	659.56K	SH	$293.1K 1.99%	626.67K	32.89K
NutrienSOLE	Common	3.70M	SH	$278.5K 1.89%	3.64M	59.23K
GFL EnvironmentalSOLE	Sub Vtg Shs	6.64M	SH	$276.0K 1.87%	6.52M	113.69K
Comcast CorpSOLE	Common	9.54M	SH	$273.8K 1.86%	8.82M	715.76K
CGI GroupSOLE	Cl A Sub Vtg	3.73M	SH	$271.9K 1.84%	3.54M	188.38K
Suncor EnergySOLE	Common	4.09M	SH	$269.4K 1.83%	4.02M	64.36K
Elevance HealthSOLE	Common	886.72K	SH	$259.6K 1.76%	846.89K	39.84K
Union Pacific Corp.SOLE	Common	1.07M	SH	$258.6K 1.75%	1.02M	47.40K

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