Funds
Smartshares US Large Value 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. 2.38%
- Chevron Corp. 1.66%
- Nextera Energy Inc. 1.02%
- Conocophillips 0.85%
- Southern Co. 0.47%
- Duke Energy Corp. 0.46%
- Eog Resources Inc. 0.42%
- Dominion Energy Inc. 0.37%
- Marathon Petroleum Corp. 0.33%
- Sempra Energy 0.31%
- American Electric Power Co. Inc. 0.29%
- Occidental Petroleum Corp. 0.28%
- Valero Energy Corp. 0.28%
- Devon Energy Corp. 0.26%
- Phillips 66 0.26%
- Williams Cos. Inc. 0.23%
- Xcel Energy Inc. 0.23%
- Kinder Morgan Inc. 0.21%
- Consolidated Edison Inc. 0.20%
- Public Service Enterprise Group Inc. 0.19%
- Wec Energy Group Inc. 0.19%
- Constellation Energy Corp. 0.18%
- Pg&E Corp. 0.17%
- Oneok Inc. 0.15%
- Ameren Corp. 0.14%
- Entergy Corp. 0.14%
- Dte Energy Co. 0.13%
- Lyondellbasell Industries Nv 0.13%
- Delta Air Lines Inc. 0.12%
- Ppl Corp. 0.12%
- Cms Energy Corp. 0.11%
- Aes Corp. 0.10%
- Alliant Energy Corp. 0.09%
- Evergy Inc. 0.09%
- Loews Corp. 0.07%
- Nisource Inc. 0.07%
- Vistra Corp. 0.06%
- Continental Resources Inc./Ok 0.02%
Weapons
- Walmart Inc. 1.16%
- Raytheon Technologies Corp. 0.79%
- Honeywell International Inc. 0.74%
- Lockheed Martin Corp. 0.67%
- Northrop Grumman Corp. 0.42%
- General Dynamics Corp. 0.35%
- L3Harris Technologies Inc. 0.26%
- Textron Inc. 0.08%
- Leidos Holdings Inc. 0.04%
Tobacco
- Philip Morris International Inc. 0.84%
- Altria Group Inc. 0.47%
Gambling
- Vici Properties Inc. 0.19%
- Mgm Resorts International 0.06%
Adult Entertainment/Pornography
- Mgm Resorts International 0.06%
Alcohol
- Constellation Brands Inc. 0.22%
- Molson Coors Beverage Co. 0.03%
GMOs
- Corteva Inc. 0.27%
Human Rights & Environmental Violations
- Johnson & Johnson 2.81%
- Chevron Corp. 1.66%
- Wells Fargo & Co. 1.00%
- Raytheon Technologies Corp. 0.79%
- Lockheed Martin Corp. 0.67%
- Caterpillar Inc. 0.56%
- Duke Energy Corp. 0.46%
- Archer-Daniels-Midland Co. 0.30%
- Corteva Inc. 0.27%
- Freeport-Mcmoran Inc. 0.26%
- Activision Blizzard Inc. 0.17%
- Pg&E Corp. 0.17%
- Motorola Solutions Inc. 0.12%
- Fmc Corp. 0.09%
Animal Cruelty
- Exxon Mobil Corp. 2.38%
- Procter & Gamble Co. 1.97%
- Chevron Corp. 1.66%
- Pepsico Inc. 1.47%
- Coca-Cola Co. 1.43%
- Philip Morris International Inc. 0.84%
- Honeywell International Inc. 0.74%
- Mondelez International Inc. 0.49%
- Altria Group Inc. 0.47%
- 3M Co. 0.40%
- Archer-Daniels-Midland Co. 0.30%
- General Mills Inc. 0.30%
- Corteva Inc. 0.27%
- Kimberly-Clark Corp. 0.25%
- Constellation Brands Inc. 0.22%
- Dow Inc. 0.21%
- Keurig Dr Pepper Inc. 0.20%
- Colgate-Palmolive Co. 0.19%
- Kraft Heinz Co. 0.18%
- PPG Industries Inc. 0.17%
- Dupont De Nemours Inc. 0.15%
- International Flavors & Fragrances Inc. 0.15%
- Lyondellbasell Industries Nv 0.13%
- Tyson Foods Inc. 0.13%
- Kellogg Co. 0.12%
- Mosaic Co. 0.11%
- Clorox Co. 0.10%
- Fmc Corp. 0.09%
- Hormel Foods Corp. 0.08%
- Campbell Soup Co. 0.06%
- Celanese Corp. 0.06%
- Eastman Chemical Co. 0.06%
- Molson Coors Beverage Co. 0.03%
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 CRSP US Large Cap Value Index.
| Value | $86M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 29th July 2015 |
| Total annual fund fees | 0.51% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.5% |
| 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 | 0.06% | |
| Alcohol | 0.25% | |
| Animal Cruelty | 15.37% | |
| Fossil Fuels | 12.72% | |
| Gambling | 0.25% | |
| GMOs | 0.27% | |
| Human Rights & Environmental Violations | 9.32% | |
| Palm Oil | 0.00% | |
| Tobacco | 1.31% | |
| Weapons | 4.51% |
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% | 13.96% |
| 2021 | 36.07% | 25.86% |
| 2020 | -7.33% | -2.85% |
| 2019 | 10.16% | 12.62% |
| 2018 | 7.53% | 4.42% |
| 2017 | 9.49% | 15.23% |
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 Value ETF
United States International Equities99.85%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.146683% |
| 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% | 99.853317% |
| 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.