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Middlefield Global Agriculture Class Series A

Sector Equity

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

Fundata ESG Grade C

Click for more information on Fundata’s ESG Grade.

NAVPS
(06-12-2024)
$22.78
Change
-$0.13 (-0.55%)

As at May 31, 2024

As at May 31, 2024

As at February 29, 2024

Period
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Legend

Middlefield Global Agriculture Class Series A

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Fund Returns

Inception Return (May 26, 2009): 5.83%

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 1.11% 2.18% 5.47% 1.79% 2.57% -7.16% -1.54% 6.04% 3.34% 1.84% 1.94% 3.00% 2.19% 4.11%
Benchmark 2.77% 5.07% 11.79% 7.58% 17.55% 7.08% 7.35% 13.44% 10.14% 8.92% 8.75% 9.19% 7.72% 7.53%
Category Average 3.06% 13.94% 13.94% 9.58% 20.51% 14.24% 4.50% 10.34% 11.63% 10.50% 10.49% 11.66% 10.14% 11.73%
Category Rank 152 / 190 82 / 189 165 / 188 154 / 188 148 / 170 140 / 154 116 / 138 87 / 129 110 / 123 99 / 111 86 / 90 82 / 85 75 / 78 66 / 67
Quartile Ranking 4 2 4 4 4 4 4 3 4 4 4 4 4 4

Monthly Return

Monthly Return
Return % Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
Fund 4.50% 6.04% -1.38% -6.97% -5.38% 1.09% 3.61% -4.39% 4.19% 5.32% -4.05% 1.11%
Benchmark 3.36% 2.58% -1.37% -3.33% -3.21% 7.48% 3.91% 0.55% 1.82% 4.14% -1.82% 2.77%

Best Monthly Return Since Inception

11.41% (August 2010)

Worst Monthly Return Since Inception

-13.08% (September 2011)

Calendar Return (%)

Calendar Return
Return % 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund 14.59% 5.23% 5.15% 10.70% -11.29% 12.12% 6.99% 15.90% -1.06% -11.95%
Benchmark 10.55% -8.32% 21.08% 9.10% -8.89% 22.88% 5.60% 25.09% -5.84% 11.75%
Category Average 17.30% 16.21% -0.43% 20.39% 1.55% 22.37% 29.99% 15.34% -25.24% 26.53%
Quartile Ranking 4 4 2 3 4 4 4 3 1 4
Category Rank 55/ 67 64/ 78 39/ 85 62/ 85 95/ 105 104/ 116 113/ 126 72/ 131 27/ 148 157/ 160

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 65.12
Canadian Equity 18.05
Cash and Equivalents 7.74
Income Trust Units 5.91
International Equity 3.17
Other 0.01

Sector Allocation

Sector Allocation
Name Percent
Basic Materials 28.20
Consumer Goods 22.37
Industrial Goods 15.34
Consumer Services 13.26
Cash and Cash Equivalent 7.74
Other 13.09

Geographic Allocation

Geographic Allocation
Name Percent
North America 96.83
Asia 3.17

Top Holdings

Top Holdings
Name Percent
Cash and Cash Equivalents 7.74
Corteva Inc 7.23
Caterpillar Inc 7.00
Tractor Supply Co 6.89
Nutrien Ltd 6.57
US Foods Holding Corp 6.38
CF Industries Holdings Inc 6.19
AG Growth International Inc 5.92
Chemtrade Logistics Income Fund - Units 5.91
BUNGE GLOBAL SA 5.56

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)

Middlefield Global Agriculture Class Series A

Median

Other - Sector Equity

3 Yr Annualized

Standard Deviation 17.30% 15.68% 13.39%
Beta 1.09% 0.79% 0.73%
Alpha -0.09% -0.04% -0.01%
Rsquared 0.71% 0.61% 0.48%
Sharpe -0.17% 0.16% 0.26%
Sortino -0.24% 0.13% 0.20%
Treynor -0.03% 0.03% 0.05%
Tax Efficiency - 100.00% 100.00%
Volatility Volatility rating is 9 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10 Volatility rating is 7 on a scale of 1 to 10

Risk Rating

Rating 9 out of ten

Annualized Key Ratio Period Comparison

Key Ratio
Key Ratio 1 Yr 3 Yr 5 Yr 10 Yr
Standard Deviation 15.91% 17.30% 15.68% 13.39%
Beta 1.06% 1.09% 0.79% 0.73%
Alpha -0.14% -0.09% -0.04% -0.01%
Rsquared 0.58% 0.71% 0.61% 0.48%
Sharpe -0.07% -0.17% 0.16% 0.26%
Sortino 0.06% -0.24% 0.13% 0.20%
Treynor -0.01% -0.03% 0.03% 0.05%
Tax Efficiency 100.00% - 100.00% 100.00%

Fundata ESG Metrics

Fundata ESG Score

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

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

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

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.

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 Manager(s)

Name Start Date
Robert F. Lauzon 01-14-2021
Dennis da Silva 07-12-2022

Management and Organization

Fund Manager Middlefield Limited (ML)
Advisor Middlefield Capital Corporation (MCC)
Custodian RBC Investor Services Trust (Canada)
Registrar RBC Investor Services Trust (Canada)
Distributor Middlefield Capital Corporation (MCC)
Auditor Deloitte and Touche LLP

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 2.85%
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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