Funds
Smartshares US 500 ETF
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Exxon Mobil Corp. 1.18%
- Chevron Corp. 0.85%
- Nextera Energy Inc. 0.51%
- Conocophillips 0.43%
- Duke Energy Corp. 0.24%
- Southern Co. 0.24%
- Eog Resources Inc. 0.21%
- Dominion Energy Inc. 0.19%
- Pioneer Natural Resources Co. 0.17%
- Marathon Petroleum Corp. 0.16%
- American Electric Power Co. Inc. 0.15%
- Occidental Petroleum Corp. 0.15%
- Sempra Energy 0.15%
- Valero Energy Corp. 0.14%
- Devon Energy Corp. 0.13%
- Phillips 66 0.13%
- Kinder Morgan Inc. 0.11%
- Williams Cos. Inc. 0.11%
- Xcel Energy Inc. 0.11%
- Consolidated Edison Inc. 0.10%
- Hess Corp. 0.10%
- Constellation Energy Corp. 0.09%
- Public Service Enterprise Group Inc. 0.09%
- Wec Energy Group Inc. 0.09%
- Oneok Inc. 0.08%
- Ameren Corp. 0.07%
- Coterra Energy Inc. 0.07%
- Diamondback Energy Inc. 0.07%
- Dte Energy Co. 0.07%
- Entergy Corp. 0.07%
- Pg&E Corp. 0.07%
- Cms Energy Corp. 0.06%
- Delta Air Lines Inc. 0.06%
- Lyondellbasell Industries Nv 0.06%
- Ppl Corp. 0.06%
- Aes Corp. 0.05%
- Atmos Energy Corp. 0.05%
- Eqt Corp. 0.05%
- Marathon Oil Corp. 0.05%
- Alliant Energy Corp. 0.04%
- Apa Corp. 0.04%
- Evergy Inc. 0.04%
- Loews Corp. 0.03%
- Nisource Inc. 0.03%
- Nrg Energy Inc. 0.03%
- Pinnacle West Capital Corp. 0.02%
Weapons
- Walmart Inc. 0.61%
- Raytheon Technologies Corp. 0.40%
- Honeywell International Inc. 0.37%
- Lockheed Martin Corp. 0.30%
- Boeing Co. 0.22%
- Northrop Grumman Corp. 0.22%
- General Dynamics Corp. 0.16%
- Amphenol Corp. 0.13%
- L3Harris Technologies Inc. 0.13%
- Transdigm Group Inc. 0.09%
- Teledyne Technologies Inc. 0.05%
- Howmet Aerospace Inc. 0.04%
- Leidos Holdings Inc. 0.04%
- Textron Inc. 0.04%
- Huntington Ingalls Industries Inc. 0.03%
Tobacco
- Philip Morris International Inc. 0.42%
- Altria Group Inc. 0.24%
Gambling
- Vici Properties Inc. 0.08%
- Las Vegas Sands Corp. 0.04%
- Mgm Resorts International 0.03%
- Caesars Entertainment Inc. 0.02%
- Wynn Resorts Ltd. 0.02%
Adult Entertainment/Pornography
- Mgm Resorts International 0.03%
- Caesars Entertainment Inc. 0.02%
Alcohol
- Constellation Brands Inc. 0.12%
- Brown-Forman Corp. 0.04%
- Molson Coors Beverage Co. 0.03%
GMOs
- Corteva Inc. 0.13%
Human Rights & Environmental Violations
- Johnson & Johnson 1.40%
- Meta Platforms Inc. 1.02%
- Chevron Corp. 0.85%
- Thermo Fisher Scientific Inc. 0.65%
- Wells Fargo & Co. 0.50%
- Raytheon Technologies Corp. 0.40%
- Lockheed Martin Corp. 0.30%
- Caterpillar Inc. 0.28%
- Duke Energy Corp. 0.24%
- Activision Blizzard Inc. 0.17%
- Archer-Daniels-Midland Co. 0.15%
- Corteva Inc. 0.13%
- Freeport-Mcmoran Inc. 0.13%
- Motorola Solutions Inc. 0.12%
- Pg&E Corp. 0.07%
- Fmc Corp. 0.04%
Animal Cruelty
- Exxon Mobil Corp. 1.18%
- Procter & Gamble Co. 0.99%
- Chevron Corp. 0.85%
- Pepsico Inc. 0.74%
- Coca-Cola Co. 0.72%
- Philip Morris International Inc. 0.42%
- Honeywell International Inc. 0.37%
- Mondelez International Inc. 0.25%
- Altria Group Inc. 0.24%
- 3M Co. 0.20%
- Colgate-Palmolive Co. 0.19%
- Estee Lauder Cos. Inc. 0.16%
- Sherwin-Williams Co. 0.16%
- Archer-Daniels-Midland Co. 0.15%
- General Mills Inc. 0.15%
- Corteva Inc. 0.13%
- Constellation Brands Inc. 0.12%
- Ecolab Inc. 0.12%
- Kimberly-Clark Corp. 0.12%
- Albemarle Corp. 0.10%
- Dow Inc. 0.10%
- Keurig Dr Pepper Inc. 0.10%
- Kraft Heinz Co. 0.09%
- PPG Industries Inc. 0.09%
- Dupont De Nemours Inc. 0.08%
- International Flavors & Fragrances Inc. 0.08%
- Church & Dwight Co. Inc. 0.06%
- Kellogg Co. 0.06%
- Lyondellbasell Industries Nv 0.06%
- Tyson Foods Inc. 0.06%
- Clorox Co. 0.05%
- Mosaic Co. 0.05%
- Fmc Corp. 0.04%
- Hormel Foods Corp. 0.04%
- Campbell Soup Co. 0.03%
- Celanese Corp. 0.03%
- Eastman Chemical Co. 0.03%
- Molson Coors Beverage Co. 0.03%
- Tapestry Inc. 0.02%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2022 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.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
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.
About this fund
In their own words
Invests in US shares and is designed to track the return (before tax, fees and other expenses) of the S&P 500 Index.
| Value | $460M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 29th July 2015 |
| Total annual fund fees | 0.34% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.33% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Guy Roulston Elliffe |
Currently: Director (7 years, 1 months) |
|
Stuart Kenneth Reginald Millar |
Currently: Chief Investment Officer - Smartshares (3 years, 7 months) |
|
Hugh Duncan Stevens |
Currently: Chief Executive Officer - Smartshares (4 years, 10 months) |
|
Alister John Williams |
Currently: Director (7 years, 1 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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).
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 the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
| Issue of concern | Does this fund say it excludes this? | Actual holdings |
|---|---|---|
| Adult Entertainment /Pornography | 0.05% | |
| Alcohol | 0.19% | |
| Animal Cruelty | 8.44% | |
| Fossil Fuels | 6.98% | |
| Gambling | 0.19% | |
| GMOs | 0.13% | |
| Human Rights & Environmental Violations | 6.43% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.66% | |
| Weapons | 2.82% |
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2022 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 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.
Past Returns
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 |
|---|---|---|
| 2022 | 3.19% | 15.77% |
| 2021 | 36.07% | 29.57% |
| 2020 | -7.33% | 5.92% |
| 2019 | 10.16% | 15.34% |
| 2018 | 7.53% | 7.37% |
| 2017 | 9.49% | 13.56% |
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 31st Dec. 2022.
Top 10 Investments
-
Vanguard S&P 500 ETF
United States International Equities99.86% -
ANZ NZD Current Account
New Zealand Cash and Equivalents AA-1.13%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.141931% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 100.0% | 0.0% |
| International Equities | 0.0% | 99.858069% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.