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 Capital Corporation
  • 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
Managing Director and Chief Investment Officer
Headshot of Mallika Verma
Mallika Verma
Investment and ESG Analyst

Performance (Series A)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 -7.02% 6.88% 8.39% -1.06% -1.06% 7.06% 4.07% 6.58% 7.31% 15.90% 7.00% 12.12% -11.27%

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2021 2020 2019 2018
December 31, 2022 -6.94% 7.15% 8.93% -0.03% -0.03% 8.21% 5.20% 7.73% 7.30% 17.19% 8.16% 13.33% -10.26%

Fund Details

Sector Allocation (%)

As Of December 31, 2022
Materials 46.20%
Consumer Staples 23.20%
Industrials 22.70%
Healthcare 7.90%

Geographic Allocation (%)

As Of December 31, 2022
Canada 13.70%
U.S. 76.60%
International 9.70%

Top 10 Holdings

1 Deere & Co. 5.60%
2 Archer-Daniels-Midland Company 5.50%
3 CNH Industrial 5.20%
4 Caterpillar Inc. 5.20%
5 INTERNATIONAL FLAVORS & FRAGRANCES INC 5.10%
6 Tractor Supply Company 4.90%
7 Bunge Limited 4.90%
8 Corteva 4.80%
9 FMC Corporation 4.70%
10 Nutrien Ltd. 4.30%
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