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 $70.65 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: +11.05%, 1-year: +8.48%, 3-year annualised: +6.99%, 5-year annualised: +6.02%, 10-year annualised: +9.23%. 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 Deere & Company (DE, 10.2%), Corteva Inc (CTVA, 10.1%), Archer-Daniels-Midland Company (ADM, 9.3%), Nutrien Ltd (NTR, 7.0%), AGCO Corporation (AGCO, 6.5%) — 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 (40.1%), Basic Materials (29.9%), Industrials (27.1%). 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 $286M 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
2026-10-01	$70.05	$70.72	$70.01	$70.65	$70.65	5,107
2026-09-30	$71.30	$71.41	$70.97	$70.97	$70.97	1,865
2026-09-29	$71.26	$71.54	$71.21	$71.25	$71.25	17,920
2026-09-28	$71.19	$71.75	$70.51	$71.68	$71.68	2,682
2026-09-25	$71.66	$71.82	$71.66	$71.82	$71.82	2,331
2026-09-24	$73.27	$73.27	$72.50	$72.50	$72.50	477
2026-09-23	$73.62	$73.62	$73.06	$73.27	$73.27	2,043
2026-09-22	$73.50	$73.59	$73.49	$73.59	$73.59	1,660
2026-09-21	$74.26	$74.26	$72.76	$72.76	$72.76	3,616
2026-09-18	$74.21	$74.21	$73.49	$73.49	$73.49	1,564

#	Ticker	Name	Weight
1	DE	Deere & Company	10.20%
2	CTVA	Corteva Inc	10.12%
3	ADM	Archer-Daniels-Midland Company	9.27%
4	NTR	Nutrien Ltd	7.02%
5	AGCO	AGCO Corporation	6.52%
6	BG	Bunge Global SA	5.81%
7	TSN	Tyson Foods Inc	5.60%
8	SQM	Sociedad Quimica y Minera de Chile SA ADR B	5.05%
9	INGR	Ingredion Incorporated	4.65%
10	ANDE	The Andersons Inc	4.46%

Sector	Weight
Consumer Defensive	40.06%
Basic Materials	29.86%
Industrials	27.13%
Financial Services	2.43%
Consumer Cyclicals	0.53%
Energy	0.00%
Utilities	0.00%
Healthcare	0.00%
Technology	0.00%
Real Estate	0.00%
Communication Services	0.00%

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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