Core Insights - The article discusses the iShares MSCI Agriculture Producers ETF (NYSEARCA: VEGI), highlighting its focus on the agriculture sector and the availability of ETFs for various niche markets [1] Group 1: Investment Strategy - Philipp is a value investor with nearly 20 years of experience, focusing on undervalued companies that provide a significant margin of safety [2] - The investment approach is global, not limited to specific sectors or countries, but emphasizes understanding and assessing companies for future growth potential [2] - A particular interest is noted in companies with a solid earnings track record trading at less than 8x free cash flow [2]

Core Insights - The VanEck Agribusiness ETF (MOO) is designed to provide broad exposure to the Materials - Agribusiness segment of the equity market, appealing to both retail and institutional investors due to its low costs, transparency, flexibility, and tax efficiency [1][2]. Fund Overview - Launched on August 31, 2007, MOO has accumulated over $654.98 million in assets, making it one of the larger ETFs in its sector [3]. - The ETF aims to match the performance of the MVIS Global Agribusiness Index, which includes companies involved in agri-chemicals, animal health, fertilizers, seeds, farm equipment, agricultural products, and more [4]. Cost Structure - MOO has an annual operating expense ratio of 0.55%, which is competitive within its peer group, and a 12-month trailing dividend yield of 2.96% [5]. Holdings and Diversification - The ETF's top holdings include Deere & Co (8.23%), Corteva Inc, and Zoetis Inc, with the top 10 holdings comprising approximately 57.93% of total assets [6]. - MOO holds about 58 different stocks, effectively diversifying company-specific risk [7]. Performance Metrics - As of July 14, 2025, MOO has gained approximately 15.36% year-to-date and 8.96% over the past year, trading between $60.21 and $75.62 in the last 52 weeks [7]. - The ETF has a beta of 0.88 and a standard deviation of 17.09% over the trailing three-year period, indicating a low-risk profile [7]. Alternatives - MOO carries a Zacks ETF Rank of 3 (Hold), suggesting it is a viable option for investors seeking exposure to the Materials ETFs sector [8]. - An alternative is the iShares MSCI Agriculture Producers ETF (VEGI), which has $103.89 million in assets and an expense ratio of 0.39% [9].