This ETF offers exposure to companies engaged in some element of the fertilizer industry, allowing investors to access a narrow sector of the agribusiness industry that may thrive if demographic shifts continue to add pressure to global food supply. Because fertilizers are capable of increasing crop yields, demand for these products may increase as food prices rise and the gap between supply and demand widens. While fertilizer stocks are represented to some extent in broader agribusiness ETFs such as MOO and BARN, this ETF offers more targeted exposure to a very specific investment thesis. Given this narrow focus, SOIL can be useful as a tool for establishing a tactical tilt towards the fertilizer sector; that may include an allocation in buy-and-hold portfolios of those who believe that increased fertilizer adoption is a long-term trend, or as part of a shorter-term tilt designed to capitalize on perceived mispricings in the market. Considering the very specific focus of this niche ETF, it isn't surprising that SOIL's portfolio is somewhat shallow; there are about 30 component companies. Exposure is relatively balanced across these stocks, however, as no one name accounts for a disproportionately large percentage of assets. This fund is more expensive than the average ETF, but fees are reasonable considering the type of exposure offered; SOIL is well within the range of other agribusiness ETFs.