INSTITUTIONAL SEGREGATED FUNDS
SPECIALIST MANDATES AVAILABLE

The institutional division specializes in the management of segregated Canadian and Non-domestic equity, Diversified and Fixed Income portfolios for pension plans, endowments, foundations, First Nations, insurance companies, unions, corporations and governments. Beutel Goodman manages over C$15 billion of equity and fixed income assets. The majority of these assets are specialist equity, bond or diversified mandates. Individual portfolios are constructed from a model portfolio after analysis of the client’s statement of investment policy and guidelines. The equity portfolio construction process is consistent throughout the organization and is based on the belief that risk is absolute and the avoidance of a capital loss is paramount. Fixed income portfolios utilize duration, interest rate anticipation and credit strategies to add value. Scenario analysis forecasts four potential economic environments which we use to construct low risk portfolios. Credits are analyzed in-house for quality independent of rating agency assessments. We consider a bond default to be reason for manager termination which is a reflection of our confidence in the high quality of our portfolios. There is a $25 million asset hurdle minimum for segregated management. Most of the following are available as a pooled fund, with a lower asset value hurdle. Mandates Benchmark Target Value Added* Canadian Equity (Large Cap) TSX/S & P Composite   Index +200 bps Canadian Equity (Small Cap) TSX/S & P Small Cap   Index +200 bps U.S. Equity S & P 500 Index +200 bps International Equity MSCI EAFE Index +200 bps Global Equity MSCI World Index +200 bps World Focus (Concentrated Global Equity) MSCI World Absolute Return Global Dividend Oriented Equity MSCI World Global Diversified 30/12/13/40/5 Benchmark +125 bps Domestic Diversified 40/60 Active DEX Universe Strategies DEX Universe Index +50 bps Corporate/Provincial Active DEX Universe Index +50 bps Short-Term Bond Strategies DEX Short Term Index +20 bps Long-Term Bond Strategies DEX Long Term Index +50 bps * over an economic cycle.