Smartshares Global Bond ETF

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Type: Defensive fund
Past Returns: 3.15%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.54%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Diamondback Energy Inc 011224 2.875 Cb 0.20%
Enbridge Inc 180222 Frn 0.25%
Energy Transfer Partner Lp 150424 4.50 Cb 0.07%
Occidental Petroleum Corp 150822 Frn 0.12%
Petrobras Global Finance Bv 150130 5.093 Cb 0.15%
Petrobras Global Finance Bv 170344 7.25 Cb 0.04%
Petroleos Mexicanos 210947 6.75 Gb 0.05%
Saudi Arabian Oil Co 160422 2.75 Cb 0.13%

Gambling

Las Vegas Sands Corp 250625 2.90 Cb 0.19%
Sands China Ltd 080828 5.4 Cb 0.14%

Animal Testing

Bayer US Finance Ii Llc 151228 4.375 Cb 0.140%
Reckitt Benckiser Treasury Services PLC 240622 2.375 Cb 0.380%
Tesco Property Finance PLC 130744 Sf 0.410%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 1.23% 3.99%
2020 0.88% 2.43%
2019 2.43% 3.02%
2018 1.98% 2.73%
2017 1.52% 3.51%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Japan Government 14/06/21 0.00% Gb
    Japan Int Fixed Interest
    5.14%
  • United States Treasury 15/02/41 1.875% Cb
    United States Int Fixed Interest
    2.15%
  • USD BNP Paribas A/C
    United States Cash and Equivalents
    2.14%
  • Qnb Finance Ltd 12/02/22 Frn
    Cayman Islands Int Fixed Interest
    1.69%
  • China Development Bank 10/04/27 4.04% Gb
    China Int Fixed Interest
    1.61%
  • United States Treasury 15/11/40 1.375% Gb
    United States Int Fixed Interest
    1.44%
  • Japan Government 20/09/35 1.20% Gb
    Japan Int Fixed Interest
    1.3%
  • China Government 04/06/27 2.85% Gb
    China Int Fixed Interest
    1.2%
  • United States Treasury 15/01/28 0.5% Ilb
    United States Int Fixed Interest
    1.18%
  • China Development Bank 24/08/27 4.24% Gb
    China Int Fixed Interest
    1.15%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 2.53%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 97.47%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.93%
  • Fossil Fuels:
    1.01%
  • Gambling:
    0.33%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed March 31st 2021 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"Invests in international bonds with the objective of outperforming the Bloomberg Barclays Global Aggregate Bond Index by 1% per annum over rolling 3-year periods hedged to the New Zealand dollar. The investment manager is PIMCO Australia Pty Ltd."

Value $230M NZD
Period of data report Wed March 31st 2021
Fund started Thu Nov. 12th 2015
Total annual fund fees 0.54%
Total performance based fees 0.0%
Manager's basic fee 0.53%
Other management and administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Sachin Gupta

Currently: Portfolio Manager - PIMCO Australia (17 years, 5 months)
Previously: (None years, None months)

Andrew Balls

Currently: Portfolio Manager - PIMCO Australia (14 years, 5 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.