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Middlefield Global Agriculture Class Series A

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Sector Equity

Fundata ESG GradeD Click for more information on Fundata’s ESG Grade

Fundata ESG Grade D

Click for more information on Fundata’s ESG Grade.

NAVPS
(09-19-2025) 		$25.16
Change
-$0.10 (-0.39%)

As at August 31, 2025

As at August 31, 2025

As at August 31, 2025

Period
Created with Highcharts 10.3.3Jan 2024Jul 2025Oct 2022Jan 2023Apr 2023Jul 2023Oct 2023Apr 2024Jul 2024Oct 2024Jan 2025Apr 2025Jul 2010Jan 2013Jul 2015Jan 2018Jul 2020Jan 2023$10,000$8,000$8,500$9,000$9,500$10,500$11,000Period

Legend

Middlefield Global Agriculture Class Series A

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Fund Returns

Inception Return (May 26, 2009): 5.90%

Fund Returns
Row Heading Return Annualized Return
1 Mth 3 Mth 6 Mth YTD 1 Yr 2 Yr 3 Yr 4 Yr 5 Yr 6 Yr 7 Yr 8 Yr 9 Yr 10 Yr
Fund 1.94% 7.73% 7.38% 7.63% 8.94% 0.97% -0.54% 0.76% 4.88% 3.52% 2.56% 3.17% 3.08% 3.22%
Benchmark 4.96% 9.85% 14.09% 17.59% 25.86% 22.26% 17.49% 11.88% 14.98% 13.03% 11.75% 11.54% 11.06% 10.82%
Category Average 1.26% 9.93% 8.24% 9.80% 14.11% 17.69% 17.26% 5.79% 9.94% 12.42% 10.80% 12.06% 12.10% 11.44%
Category Rank - - - - - - - - - - - - - -
Quartile Ranking - - - - - - - - - - - - - -

Monthly Return

Created with Highcharts 10.3.3-10%-5%0%5%10%
Monthly Return
Return % Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug
Fund 2.61% -1.88% 5.40% -4.62% 5.66% -5.13% -3.32% -4.32% 7.75% 2.78% 2.83% 1.94%
Benchmark 3.15% 0.85% 6.37% -3.27% 3.48% -0.40% -1.51% -0.10% 5.56% 2.91% 1.69% 4.96%

Best Monthly Return Since Inception

11.41% (August 2010)

Worst Monthly Return Since Inception

-13.08% (September 2011)

Calendar Return (%)

Created with Highcharts 10.3.3-20%-10%0%10%20%30%
Calendar Return
Return % 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Fund 5.23% 5.15% 10.70% -11.29% 12.12% 6.99% 15.90% -1.06% -11.95% 2.72%
Benchmark -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75% 21.65%
Category Average 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53% 20.41%
Quartile Ranking - - - - - - - - - -
Category Rank - - - - - - - - - -

Best Calendar Return (Last 10 years)

15.90% (2021)

Worst Calendar Return (Last 10 years)

-11.95% (2023)

Asset Allocation

Asset Allocation
Name Percent
US Equity 75.68
Income Trust Units 7.75
International Equity 6.57
Canadian Equity 6.46
Cash and Equivalents 3.55

Sector Allocation

Sector Allocation
Name Percent
Basic Materials 26.16
Industrial Goods 20.65
Consumer Goods 20.18
Consumer Services 19.72
Healthcare 9.73
Other 3.56

Geographic Allocation

Geographic Allocation
Name Percent
North America 93.43
Europe 3.50
Asia 3.07

Top Holdings

Top Holdings
Name Percent
Tractor Supply Co 7.93
Chemtrade Logistics Income Fund - Units 7.75
Corteva Inc 7.41
Caterpillar Inc 7.26
US Foods Holding Corp 7.11
Deere & Co 6.83
Nutrien Ltd 6.46
Archer-Daniels-Midland Co 6.38
CF Industries Holdings Inc 6.18
Mosaic Co 5.78

Equity Style

Market capitalization is large. Equity style is growth.

Fixed Income Style

Fixed income style data not available
Period: 

Risk vs Return (3 Yr)

Created with Highcharts 10.3.3Risk (Annualized Standard Deviation)ReturnMedian DeviationMedian Return1214161820222426283032343638404244-40%-20%0%20%40%60%

Middlefield Global Agriculture Class Series A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 16.57% 15.81% 13.62%
Beta 1.13% 1.02% 0.81%
Alpha -0.18% -0.09% -0.05%
Rsquared 0.72% 0.68% 0.58%
Sharpe -0.19% 0.22% 0.17%
Sortino -0.18% 0.27% 0.11%
Treynor -0.03% 0.03% 0.03%
Tax Efficiency - 100.00% 100.00%
Volatility Volatility rating is 10 on a scale of 1 to 10 Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 8 on a scale of 1 to 10

Risk Rating

Rating 10 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.51% 16.57% 15.81% 13.62%
Beta 1.34% 1.13% 1.02% 0.81%
Alpha -0.22% -0.18% -0.09% -0.05%
Rsquared 0.79% 0.72% 0.68% 0.58%
Sharpe 0.43% -0.19% 0.22% 0.17%
Sortino 0.70% -0.18% 0.27% 0.11%
Treynor 0.05% -0.03% 0.03% 0.03%
Tax Efficiency 100.00% - 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A24.4​24.459.1​59.10%10%20%30%40%50%60%70%80%90%100%

The E, S, and G scores are averaged for each security in the portfolio, to arrive at an ESG score for each security. We take the portfolio weighted average of the ESG scores for each fund and rank them against their peers to arrive at the Fundata ESG Score from 0-100.

Fundata E Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A9.6​9.662.7​62.70%10%20%30%40%50%60%70%80%90%100%

Three scores under the Environment bucket are averaged to yield the Fundata Environment Score for each fund from 0-100: (1) Pollution Prevention, (2) Environmental Transparency, (3) Resource Efficiency.

Fundata S Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A32.2​32.254.0​54.00%10%20%30%40%50%60%70%80%90%100%

Six scores under the Social bucket are averaged to yield the Fundata Social Score for each fund from 0-100. (1) Compensation and Satisfaction, (2) Diversity and Rights, (3) Education and Work Conditions, (4) Community and Charity, (5) Human Rights, (6) Sustainability Integration.

Fundata G Score

Created with Highcharts 10.3.3Grade: EGrade: DGrade: CGrade: BGrade: A39.2​39.255.3​55.30%10%20%30%40%50%60%70%80%90%100%

Three scores under the governance bucket are averaged to yield the Fundata Governance Score for each fund from 0-100: (1) Board Effectiveness, (2) Management Ethics, (3) Disclosure and Accountability.

Powered by OWL Analytics. For more information, please contact Fundata Canada.

View the full methodology

Fund Details

Start Date May 26, 2009
Instrument Type Mutual Fund
Share Class Commission Based Advice
Legal Status Corporation
Sales Status Open
Currency CAD
Distribution Frequency Annual
Assets ($mil) $4

Fund Codes

FundServ Code Load Code Sales Status
MID161
MID163
MID166

Investment Objectives

The Fund's objective is to provide long-term growth of capital. Investments will primarily be in equity securities of issuers operating in the agricultural sector.

Investment Strategy

In determining which individual investments to include in the portfolio the Manager will consider: a company's balance sheet, cash flow characteristics, profitability, industry position, future growth potential and management ability. The investment strategy follows strong disciplines with regard to price paid to acquire portfolio investments.

Portfolio Management

Portfolio Manager

Middlefield Capital Corporation (MCC)

  • Dennis da Silva
  • Robert F. Lauzon
Sub-Advisor

-

Management and Organization

Fund Manager

Middlefield Limited (ML)
Custodian

RBC Investor Services Trust (Canada)
Registrar

RBC Investor Services Trust (Canada)
Distributor

Middlefield Capital Corporation (MCC)

Investment Minimums

RSP Eligible Yes
PAC Allowed Yes
PAC Initial Investment 500
PAC Subsequent 100
SWP Allowed Yes
SWP Min Balance 1,000
SWP Min Withdrawal 100

Fees

MER 3.43%
Management Fee 2.00%
Load Choice of Front or No Load
FE Max 5.00%
DSC Max -
Trailer Fee Max (FE) 1.00%
Trailer Fee Max (DSC) -
Trailer Fee Max (NL) -
Trailer Fee Max (LL) -

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