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Middlefield Global Agriculture Class

Fund Description

The Fund seeks to provide long-term growth of capital by investing in equity securities of issuers with high growth potential operating in the agriculture and food industries.

Key Reasons to Invest:

  • exposure to an actively managed fund
  • a high conviction portfolio of companies focused on developing solutions to feed the rising global population while also lowering carbon emissions by more efficiently using land and resources while reducing loss and waste
  • focus on emerging technologies including precision agriculture, agri-food testing and vertical farming to increase crop and livestock yields, reduce water and energy usage and encourage a healthier diet

Fund Overview

  • Fund Codes:
    FE:MID161 / F Series:MID162
  • Inception Date:
    June 17, 2011
  • Advisor:
    Middlefield Limited
  • Eligibility :
    RRSPs, RRIFs, DPSPs, RESPs and TFSAs
  • Management Fee:
    A: 2.00% / F: 1.00%
  • Risk Rating:
    Medium

Fund Managers

Dennis da Silva
Senior Portfolio Manager
Headshot of Robert Lauzon
Robert F. Lauzon
Chief Investment Officer

Performance (Series A)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2025 2024 2023 2022 2021
February 28, 2026 8.88% 13.53% 12.86% 17.82% 21.21% 2.11% 3.76% 5.15% 6.48% 3.13% 2.70% -11.95% -1.06% 15.90%

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2025 2024 2023 2022 2021
February 28, 2026 8.98% 13.83% 13.45% 18.01% 22.45% 3.14% 4.84% 6.27% 6.60% 4.19% 3.77% -11.05% -0.03% 17.19%

Fund Details

Sector Allocation (%)

As Of February 28, 2026
Materials 38.00%
Industrials 31.20%
Consumer Staples 20.90%
Healthcare 9.90%

Geographic Allocation (%)

As Of February 28, 2026
Canada 17.70%
U.S. 82.30%
International 0.00%

Top 10 Holdings

1 Deere & Co. 9.80%
2 Nutrien Ltd. 9.20%
3 Caterpillar Inc. 9.10%
4 US Foods Holding Corp. 8.60%
5 Chemtrade Logistics Income Fund 8.50%
6 Corteva Inc. 8.00%
7 CF Industries Holdings Inc. 7.70%
8 Archer-Daniels-Midland Co. 7.60%
9 Tractor Supply Co. 6.50%
10 Kubota Corp. 5.90%
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