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Standard Life U.S. Equity Value Fund
May 29, 2015
Standard Life Canada is now part of Manulife. www.manulife.ca
Meet the portfolio
manager
About the Fund
Reasons to invest
• U.S. companies have improved the health of their
balance sheets and equity valuations remain relatively
attractive
• Opportunity: The U.S. equity market is one of the most
diversified in the world
• Beutel, Goodman & Company has a long history
managing a high conviction, value driven U.S. equity
portfolio of 25 to 50 stocks
Fund snapshot
Beutel, Goodman &
Company Ltd.
Date
Distribution
Asset class
U.S. Equity
12/19/2014
$0.7378
Fund type
Trust
12/19/2013
$0.0705
Holdings (#)
26
A-Series unit price
$17.06
Size (assets)
$338,060,084
Inception
November 8, 1994
A-Series MER (at December 31,
2014)
2.57%
Date
Distribution
12/20/2012
$0.1026
3 Yr Risk and Return Statistics
Standard deviation
7.75
Sharpe ratio
3.00
Beta
0.92
R-squared
0.84
Risk tolerance

Low
Low to
medium

Medium

Medium to
high
High
Performance analysis - Current value of a $10,000 investment
20
Growth $ (000’s)
Glenn Fortin
BComm, CFA
Portfolio Manager, US
Equity
The Fund employs a bottom-up, value investment
approach. It seeks companies at attractive valuations
which maintain high levels of free cash flow, while
preserving capital. The Fund seeks to obtain good
business value by purchasing companies at approximately
50% of expected future value.
A-Series
$18,174
18
16
14
12
10
8
6
2006
2008
2010
2012
2014
Year
Return (%)
1m
3m
6m
1 yr
3 yr
5 yr
10 yr
Since inception
A-Series
3.7
1.1
12.6
26.4
26.6
17.9
5.9
5.9
Calendar year returns
Standard Life
U.S. Equity
Value Fund
40 %
20 %
0%
-20 %
-40 %
2006
2007
2008
2009
2010
2011
2012
2013
2014
Standard Life U.S. Equity Value Fund
01/03
Top ten Holdings
Holding
Asset allocation
Asset allocation
(%)
J.P. Morgan Chase & Co.
6.8
U.S. Equity
87.1
Cash & Equiv.
2.0
Baxter International Inc.
6.2
International Equity
10.8
Other Assets
0.1
Verizon Communications Inc.
6.0
Oracle Corporation
5.9
BB&T Corporation
5.7
Eli Lilly and Company
5.6
Symantec Corporation
5.4
Sector allocation
(%)
Sector allocation
(%)
Amdocs Limited
5.2
Information Technology
21.0
Consumer Staples
7.5
Teradyne Inc.
4.5
Industrials
19.2
Telecommunications
6.0
Kellogg Company
4.3
Health Care
17.7
Consumer Discretionary
5.3
Financials
17.1
Energy
4.0
Total
% of Net Assets
Asset allocation
(%)
Sector allocation
55.5
Returns variability
6 months
1 year
3 years
Number of periods
241
235
211
187
% of positive return
62%
66%
55%
40%
Best Return
Average Return
25.9
46.8
26.6
6.4
3.3
Worst Return
-29.5
-31.5
5 years
20.0
3.8
-16.5
Standard Life U.S. Equity Value Fund
1.4
-8.3
02/03
Find out more
Speak to your advisor
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the
simplified prospectus before investing. The indicated rates of return are the historical annual compounded total returns including changes in
the value of the securities and reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges
or income taxes payable by any securityholder that would have reduced returns. Mutual funds are not guaranteed, their values change
frequently and past performance may not be repeated.
The MERs presented take into account fees or expenses that were waived and absorbed. Please note that we reserve the right to cease the
waiver or absorption of such fees and expenses at any time.
The payment of distributions is not guaranteed and may fluctuate. It should not be confused with a fund’s performance, rate of return or yield. If
distributions paid by a fund are greater than the performance of the fund, the difference will be deducted from your invested capital. For more
information about the Fund’s distribution policy, the conditions under which the distribution rate shown may change and tax implications,
please refer to the simplified prospectus.
www.standardlife.ca
Standard Life Mutual Funds Ltd. May 2015
7374 05-2015 PDF only © 2015 Standard Life
03/03