Future of Food ETF

IEAT

Exposure to innovative companies in food production and supply

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Overview

Fund objective

IEAT aims to track the performance of an index (before fees and expenses) that provides exposure to a portfolio of some of the world’s most innovative companies in the areas of global food production and supply.

Benefits of IEAT

  • Access the growth potential of the ‘future of food’ revolution

    As the world’s population grows and patterns of food consumption change, there is an increased focus on more sustainable, humane and healthier ways to produce the food we eat. This ‘future of food’ has become a major growth segment within the global food industry.

  • Exposure to leading innovators in food production and supply

    IEAT provides exposure to innovative companies from sectors including smart farming, plant-based and cell-cultured foods, and sustainable packaging.

  • Cost-effective exposure

    With management costs of only 0.67% p.a. (or $67 for every $10,000 invested), IEAT is a cost-effective way to gain exposure to the ‘future of food’ thematic.*

* Certain additional costs apply. Please refer to PDS.

There are risks associated with an investment in IEAT, including market risk, sector risk, international investment risk and concentration risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.

 

How to invest

  • You can buy or sell units just like any share on the ASX.
  • Fund requires no minimum investment.

Key facts

Pricing information

Current price
Last trade*
% Change (prev day)
Bid (delayed)
Offer (delayed)

* Data is delayed by at least 20 minutes.

NAV
NAV/Unit* $11.06

* As at 20 May 2024

Profile

Net assets* ($A) $2,214,308
Units outstanding* (#) 200,131
Management fee and cost** (p.a.) 0.67%
Registry Link Market Services

* As at 20 May 2024

* As of close of previous day
**Certain additional costs apply. Please refer to PDS.

Trading information

ASX code IEAT
Bloomberg code IEAT AU
IRESS code IEAT.AXW
Market makers Susquehanna Pacific

Index information

Index Foxberry Next Generation Foods USD Net Total Return Index
Index provider Foxberry Ltd
Index ticker
Bloomberg index ticker FXBYNGFD Index

Holdings & allocation

Portfolio holdings

Name Weight (%)
NOVOZYMES A/S 6.5%
BALL CORP 6.3%
DANONE SA 6.0%
CORTEVA INC 5.9%
GIVAUDAN SA 5.9%
MCCORMICK & CO INC/MD 5.8%
SYSCO CORP 5.6%
BUNGE GLOBAL SA 5.5%
KERRY GROUP PLC 4.3%
DSM-FIRMENICH AG 4.3%

* As at 21 May 2024. Excludes cash

Sector allocation

Natural and Alternative Ingredients
24.6%
Plant Based and Cell Cultured Foods
13.4%
Smart Farming
29.8%
Sustainable Packaging
14.0%
Food Supply Chain
6.9%
Natural and Organic Foods
11.2%

* As of 30 April 2024

Country allocation

United States
52.7%
Switzerland
14.0%
Denmark
8.1%
Sweden
7.4%
Canada
6.9%
France
5.3%
Japan
2.0%
Britain
1.4%
Norway
1.0%
Other
1.2%

* As of 30 April 2024

Performance

Fund returns after fees (%)

  Fund Index
1 month -3.43% -3.40%
3 months 7.79% 7.87%
6 months 11.21% 11.43%
1 year -4.68% -4.25%
3 year p.a. - -7.84%
5 year p.a. - -0.06%
10 year p.a. - -
Since inception (p.a.) -4.52% -4.03%
Inception date 31-May-22 -

* As at 30 April 2024.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.

Chart

Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.

Distributions

Yield information

Distribution frequency At least annually
12 mth distribution yield* 1.1%

*As at 30 April 2024. Yield is calculated by summing the prior 12-month per unit distributions divided by the closing NAV per unit at the end of the relevant period. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.

You can elect DRP by logging into Link’s Investor Centre. Once you are logged in, please proceed to the 'Payments and Tax' tab and select ‘Reinvestment Plans'.

Recent distributions

Ex Date Record Date Payment Date Distribution Unit ($) Annual Distribution Return (%) (1)
2-Jan-24 3-Jan-24 17-Jan-24 $0.043733 1.04%
3-Jul-23 4-Jul-23 18-Jul-23 $0.071019 0.61%
3-Jan-23 4-Jan-23 18-Jan-23 - -

1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance

Announcements

ASX announcements: IEAT

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