Question 1

What is COW?

Accepted Answer

COW (iShares Global Agriculture Common Class) is a Canadian-listed ETF trading on the TSX in the Sector Equity category. It tracks the Morningstar Global Markets GR CAD.

Question 2

What is the COW ETF price today?

Accepted Answer

COW last traded at $74.77 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the COW MER (management expense ratio)?

Accepted Answer

COW has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, COW is considered a low-cost ETF.

Question 4

What are COW annualised returns?

Accepted Answer

COW historical returns: YTD: +17.53%, 1-year: +11.89%, 3-year annualised: +7.83%, 5-year annualised: +7.61%, 10-year annualised: +9.67%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is 0.25, which measures risk-adjusted return.

Question 5

Does COW pay dividends or distributions?

Accepted Answer

Yes, COW distributes income to unitholders. The current distribution yield is approximately 1.35%, paid annually. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does COW invest in?

Accepted Answer

COW's top holdings include Corteva Inc (CTVA, 9.9%), Deere & Company (DE, 9.7%), Archer-Daniels-Midland Company (ADM, 9.5%), Nutrien Ltd (NTR, 6.8%), Tyson Foods Inc (TSN, 6.3%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Global Markets GR CAD.

Question 7

What sectors does COW invest in?

Accepted Answer

COW's largest sector exposures are Consumer Defensive (38.3%), Basic Materials (30.7%), Industrials (28.7%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is COW? (Assets under management)

Accepted Answer

COW has approximately $303M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was COW launched?

Accepted Answer

COW was launched on December 19, 2007, giving it a 19-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy COW in Canada?

Accepted Answer

COW trades on the TSX under the ticker COW. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is COW?

Accepted Answer

COW has a 1-year volatility of 17.13% and a beta of 0.40 (less volatile than the broad market). Its 3-year Sharpe ratio of 0.25 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-09-10	$76.02	$76.02	$74.77	$74.77	$74.77	1,933
2026-09-09	$75.52	$75.52	$75.20	$75.40	$75.40	1,535
2026-09-08	$75.80	$75.80	$75.35	$75.48	$75.48	1,279
2026-09-04	$75.40	$75.95	$75.40	$75.80	$75.80	1,000
2026-09-03	$76.75	$76.75	$75.20	$75.49	$75.49	2,373
2026-09-02	$75.46	$77.03	$75.46	$76.88	$76.88	6,734
2026-09-01	$73.86	$75.29	$73.49	$75.27	$75.27	4,141
2026-08-31	$72.72	$73.02	$72.72	$73.02	$73.02	744
2026-08-28	$72.25	$72.43	$71.99	$72.43	$72.43	1,372
2026-08-27	$71.64	$71.64	$71.50	$71.50	$71.50	1,745

#	Ticker	Name	Weight
1	CTVA	Corteva Inc	9.94%
2	DE	Deere & Company	9.73%
3	ADM	Archer-Daniels-Midland Company	9.53%
4	NTR	Nutrien Ltd	6.77%
5	TSN	Tyson Foods Inc	6.27%
6	AGCO	AGCO Corporation	5.93%
7	BG	Bunge Global SA	5.60%
8	ANDE	The Andersons Inc	5.13%
9	INGR	Ingredion Incorporated	4.72%
10	SQM	Sociedad Quimica y Minera de Chile SA ADR B	4.52%

Sector	Weight
Consumer Defensive	38.26%
Basic Materials	30.69%
Industrials	28.69%
Consumer Cyclicals	1.70%
Financial Services	0.67%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Technology	0.00%
Healthcare	0.00%
Utilities	0.00%

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CGMD		$5.11	+10.61%
SOXD		$15.41	+7.69%
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MSTZ		$3.24	+7.28%
GASD		$5.46	+6.64%

CIBC Investor's Edge

iShares Global Agriculture Common Class (COW : TSX)

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

ETF Details

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Frequently Asked Questions — COW