Beutel Goodman Core Plus Bond Fund  (ADLIX)

Fund Overview

Fund Overview

Share Class

I

NAV | as of 07/22/2021

$10.89
+$0.02 (+0.18%)

Morningstar | Style Box

L M E H M L

Growth of $10,000 (Hypothetical)

Since Inception 07/18/2011 to 06/30/2021 = $15,407.06

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The Fund seeks to provide income and capital growth by investing primarily in a diversified portfolio of fixed-income securities across investment-grade, high-yield and non-traditional fixed-income asset classes.

Why Consider

  • Provides investors with exposure to a diversified portfolio of fixed income securities
  • The Fund employs a disciplined, team-based approach, seeking to add consistent value through management of duration, yield curve and credit risk
  • The investment strategy utilizes a long-established process of macro driven duration management, yield-curve positioning and credit allocation with the ability to tactically allocate up to 30% of the portfolio in high yield bonds and other fixed income asset classes as opportunities arise
David Gregoris, MBA, CFA

David Gregoris, MBA, CFA

Managing Director, Fixed Income

See Our Approach Read Bio
Derek Brown, MBA, CFA

Derek Brown, MBA, CFA

Senior Vice President, Co-Head of Fixed Income

See Our Approach Read Bio
Sue McNamara, CFA

Sue McNamara, CFA

Senior Vice President, Fixed Income

See Our Approach Read Bio
Neil McCabe, MBA, CFA

Neil McCabe, MBA, CFA

Vice President, Fixed Income

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 0.51%
  • Net Expense Ratio: 0.48%
  • Expense Cap Expiration Date: 03/01/2023

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Jun 28, 2021 $0.020600 $0.020600
      May 26, 2021 $0.020100 $0.020100
      Apr 28, 2021 $0.023200 $0.023200
      Mar 29, 2021 $0.022300 $0.022300
      Feb 24, 2021 $0.020700 $0.020700
      Jan 27, 2021 $0.022200 $0.022200
      Dec 16, 2020 $0.050600 $0.050600
      Nov 25, 2020 $0.031500 $0.031500
      Oct 28, 2020 $0.024700 $0.024700
      Sep 28, 2020 $0.023300 $0.023300
      Aug 27, 2020 $0.021700 $0.021700
      Jul 29, 2020 $0.021400 $0.021400
      Jun 26, 2020 $0.025100 $0.025100
      May 27, 2020 $0.019000 $0.019000
      Apr 28, 2020 $0.033300 $0.033300
      Mar 27, 2020 $0.035200 $0.035200
      Feb 26, 2020 $0.025500 $0.025500
      Jan 29, 2020 $0.026600 $0.026600
      Dec 16, 2019 $0.030300 $0.030300
      Nov 26, 2019 $0.035800 $0.035800
      Oct 29, 2019 $0.035100 $0.035100
      Sep 26, 2019 $0.029800 $0.029800
      Aug 28, 2019 $0.029800 $0.029800
      Jul 29, 2019 $0.032800 $0.032800
      Jun 26, 2019 $0.032100 $0.032100
      May 29, 2019 $0.030600 $0.030600
      Apr 26, 2019 $0.031800 $0.031800
      Mar 27, 2019 $0.034000 $0.034000
      Feb 26, 2019 $0.026400 $0.026400
      Jan 29, 2019 $0.028800 $0.028800
      Dec 27, 2018 $0.043000 $0.043000
      Nov 28, 2018 $0.034300 $0.034300
      Oct 29, 2018 $0.028300 $0.028300
      Sep 26, 2018 $0.034300 $0.034300
      Aug 29, 2018 $0.035000 $0.035000
      Jul 27, 2018 $0.034300 $0.034300
      Jun 27, 2018 $0.026900 $0.026900
      May 29, 2018 $0.026800 $0.026800
      Apr 26, 2018 $0.025500 $0.025500
      Mar 27, 2018 $0.026300 $0.026300
      Feb 26, 2018 $0.024900 $0.024900
      Jan 29, 2018 $0.024300 $0.024300
      Dec 27, 2017 $0.023700 $0.023700
      Nov 27, 2017 $0.026300 $0.026300
      Oct 26, 2017 $0.026900 $0.026900
      Sep 26, 2017 $0.026900 $0.026900
      Aug 28, 2017 $0.029400 $0.029400
      Jul 26, 2017 $0.024400 $0.024400
      Jun 27, 2017 $0.034600 $0.034600
      May 25, 2017 $0.034300 $0.034300
      Apr 25, 2017 $0.034300 $0.034300
      Mar 28, 2017 $0.029300 $0.029300
      Feb 23, 2017 $0.026700 $0.026700
      Jan 26, 2017 $0.027300 $0.027300
      Dec 27, 2016 $0.075800 $0.055000 $0.020800
      Nov 25, 2016 $0.027300 $0.027300
      Oct 26, 2016 $0.027600 $0.027600
      Sep 30, 2016 $0.028200 $0.028200
      Aug 31, 2016 $0.031200 $0.031200
      Jul 29, 2016 $0.027100 $0.027100
      Jun 30, 2016 $0.028600 $0.028600
      May 31, 2016 $0.028900 $0.028900
      Apr 29, 2016 $0.025600 $0.025600
      Mar 31, 2016 $0.028400 $0.028400
      Feb 29, 2016 $0.025400 $0.025400
      Jan 29, 2016 $0.020500 $0.020500
      Dec 30, 2015 $0.034200 $0.034200
      Nov 30, 2015 $0.033100 $0.033100
      Oct 30, 2015 $0.028900 $0.028900
      Sep 30, 2015 $0.030200 $0.030200
      Aug 31, 2015 $0.034000 $0.034000
      Jul 31, 2015 $0.035400 $0.035400
      Jun 30, 2015 $0.038000 $0.038000
      May 29, 2015 $0.033200 $0.033200
      Apr 30, 2015 $0.034300 $0.034300
      Mar 31, 2015 $0.033100 $0.033100
      Feb 27, 2015 $0.035200 $0.035200
      Jan 30, 2015 $0.034500 $0.034500
      Dec 30, 2014 $0.036000 $0.036000
      Nov 28, 2014 $0.025700 $0.025700
      Oct 31, 2014 $0.027000 $0.027000
      Sep 30, 2014 $0.038000 $0.038000
      Aug 29, 2014 $0.032600 $0.032600
      Jul 31, 2014 $0.039800 $0.039800
      Jun 30, 2014 $0.042100 $0.042100
      May 30, 2014 $0.037700 $0.037700
      Apr 30, 2014 $0.039700 $0.039700
      Mar 31, 2014 $0.039400 $0.039400
      Feb 28, 2014 $0.033200 $0.033200
      Jan 31, 2014 $0.037600 $0.037600
      Dec 30, 2013 $0.039400 $0.039400
      Nov 29, 2013 $0.032900 $0.032900
      Oct 31, 2013 $0.035300 $0.035300
      Sep 30, 2013 $0.037500 $0.037500
      Aug 30, 2013 $0.033200 $0.033200
      Jul 31, 2013 $0.035900 $0.035900
      Jun 28, 2013 $0.028300 $0.028300
      May 31, 2013 $0.031000 $0.031000
      Apr 30, 2013 $0.033300 $0.033300
      Mar 28, 2013 $0.027300 $0.027300
      Feb 28, 2013 $0.028200 $0.028200
      Jan 31, 2013 $0.027300 $0.027300
      Dec 28, 2012 $0.090200 $0.030100 $0.058800 $0.001300
      Nov 30, 2012 $0.039200 $0.039200
      Oct 31, 2012 $0.034300 $0.034300
      Sep 28, 2012 $0.028000 $0.028000
      Aug 31, 2012 $0.030500 $0.030500
      Jul 31, 2012 $0.028200 $0.028200
      Jun 29, 2012 $0.026900 $0.026900
      May 31, 2012 $0.033700 $0.033700
      Apr 30, 2012 $0.034300 $0.034300
      Mar 30, 2012 $0.029800 $0.029800
      Feb 29, 2012 $0.030600 $0.030600
      Jan 31, 2012 $0.031800 $0.031800
      Dec 29, 2011 $0.068000 $0.052700 $0.015300
      Nov 30, 2011 $0.040900 $0.040900
      Oct 31, 2011 $0.038300 $0.038300
      Sep 30, 2011 $0.029800 $0.029800
      Aug 31, 2011 $0.024600 $0.024600
      Jul 29, 2011 $0.005000 $0.005000

Risk & Return Stats

As of: 06/30/2021

View All Characteristics & Stats

Portfolio & Holdings

Portfolio & Holdings

Top Holdings (Fixed)

As of: 06/30/2021

United States Treasury Note/Bond Fixed 6.76%
United States Treasury Note/Bond Fixed 2.59%
Freddie Mac Pool SD8107 Fixed 2.52%
United States Treasury Note/Bond Fixed 1.88%
Freddie Mac REMICS Fixed 1.56%
Fannie Mae Pool BL4421 Fixed 1.36%
CCO Holdings LLC Fixed 144A 1.30%
Fannie Mae REMICS Fixed 1.26%
Verizon Communications Inc Fixed 1.17%
Bank of America Corp Floating 1.17%
% in Top 10 Holdings 21.57%
View Holding Details Read Important Investment Disclosures

Sector Allocation (Fixed)

As of: 06/30/2021

Investment Approach

Investment Approach

Beutel Goodman Core Plus Bond Fund

Our fixed income team has the experience and expertise to effectively interpret the yield curve and prevailing interest rate environment. Employing proprietary tools in a risk-focused process, our insights add value to the benchmark over an economic cycle.

We continually challenge the herd consensus and search for opportunities where the market has mispriced risk and reward.  Our fixed income team:

  • Forecasts interest rates and assesses optimal duration and positioning of maturities on the yield curve
  • Conducts rigorous independent credit research to identify high quality corporate bonds that meet our strict investment criteria
  • Considers risk before reward
  • Looks beyond the numbers to consider how ESG factors may impact companies over the long term

 


Beutel Goodman Core Plus Bond Fund Introduction

 
An introduction to Beutel Investment Management and the AMG Beutel Goodman Core Plus Bond Fund
Read More

About

About Beutel Goodman

Background

Founded in 1967, Beutel, Goodman & Company Ltd. (BG) is an independent value-focused investment manager that serves institutional, private wealth and retail clients. The firm’s equity strategies use bottom-up, fundamental research to invest in high-quality companies trading at discounts to their business value. BG takes a disciplined, team-based approach to fixed income, seeking to add value through management of duration, yield curve and credit risk.

Learn More

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