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

Performance (Series A)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2023 2022 2021 2020
February 29, 2024 4.19% 3.20% -8.14% -0.39% -15.03% -1.35% 2.72% 4.02% 5.77% -11.95% -1.06% 15.90% 7.00%

Performance (Series F)

 
AS OF 1 MONTH 3 MONTHS 6 MONTHS YEAR-TO-DATE 1 YEAR 3 YEARS 5 YEARS 10 YEARS SINCE INCEPTION 2023 2022 2021 2020
February 29, 2024 4.26% 3.40% -7.68% -0.23% -14.19% -0.32% 3.82% 5.14% 5.61% -11.05% -0.03% 17.19% 8.16%

Fund Details

Sector Allocation (%)

As Of February 29, 2024
Industrials 35.00%
Materials 32.40%
Consumer Staples 24.10%
Healthcare 8.50%

Geographic Allocation (%)

As Of February 29, 2024
Canada 21.60%
U.S. 75.20%
International 3.20%

Top 10 Holdings

1 Corteva 6.70%
2 Caterpillar Inc. 6.70%
3 AG GROWTH INTERNATIONAL INC. 6.30%
4 CF Industries Holdings 6.10%
5 Tractor Supply Company 5.90%
6 US Foods Holding Corp. 5.90%
7 Nutrien Ltd. 5.70%
8 CNH Industrial 5.40%
9 The Mosaic Company 5.20%
10 LAMB WESTON HOLDINGS INC 5.10%
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