Smartshares US Large Value ETF

Not Mindful

Type: Aggressive fund

Past Returns: 4.73%

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

Annual Fees: 0.51%

Annual fees, including any membership and % management 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

Aes Corporation 0.11%
Alleghany Corporation 0.03%
Alliant Energy Corp 0.11%
Ameren Corporation 0.16%
American Electric Power Company, Inc. 0.36%
Chevron Corporation 1.09%
Cms Energy Corporation 0.15%
Coca-Cola Company 1.50%
Conocophillips 0.25%
Dominion Energy Inc 0.55%
Dte Energy Company 0.19%
Eog Resources, Inc. 0.08%
Evergy, Inc. 0.10%
Exxon Mobil Corporation 1.12%
Firstenergy Corp. 0.13%
Hess Corporation 0.04%
Kinder Morgan Inc Class P 0.19%
Loews Corporation 0.07%
Lyondellbasell Industries Nv 0.14%
Marathon Petroleum Corporation 0.16%
Nextera Energy, Inc. 1.17%
Norfolk Southern Corporation 0.43%
Nrg Energy, Inc. 0.03%
Occidental Petroleum Corporation 0.07%
Oneok, Inc. 0.10%
Phillips 66 0.17%
Pinnacle West Capital Corporation 0.04%
Ppl Corporation 0.17%
Valero Energy Corporation 0.13%
Vistra Corp. 0.07%
Wec Energy Group Inc 0.26%
Weyerhaeuser Company 0.17%
Williams Companies, Inc. 0.19%
Xcel Energy Inc. 0.30%

Weapons

General Dynamics Corporation 0.26%
Honeywell International Inc. 0.94%
Huntington Ingalls Industries, Inc. 0.02%
Jacobs Engineering Group Inc. 0.10%
Leidos Holdings, Inc. 0.05%
Northrop Grumman Corporation 0.35%
Raytheon Technologies Corporation 0.68%
Textron Inc. 0.07%
Transdigm Group Incorporated 0.10%

Tobacco

Altria Group Inc 0.55%
Philip Morris International Inc. 0.89%

Gambling

Draftkings Inc Class A 0.04%
Las Vegas Sands Corp. 0.15%
Mgm Resorts International 0.07%

Adult Entertainment/Pornography

Mgm Resorts International 0.07%

Alcohol

Constellation Brands, Inc. Class A 0.21%

GMOs

Corteva Inc 0.20%

Human Rights & Environmental Violations

Archer-Daniels-Midland Company 0.21%
Chevron Corporation 1.09%
Duke Energy Corporation 0.55%
Freeport-Mcmoran, Inc. 0.21%
Johnson & Johnson 2.93%
Sempra Energy 0.30%

Animal Testing

Air Products and Chemicals, Inc. 0.500%
Albemarle Corporation 0.040%
Altria Group Inc 0.550%
Archer-Daniels-Midland Company 0.210%
Celanese Corporation 0.110%
Chevron Corporation 1.090%
Clorox Company 0.110%
Coca-Cola Company 1.500%
Corteva Inc 0.200%
Dow, Inc. 0.270%
Dupont De Nemours, Inc. 0.340%
Eastman Chemical Company 0.090%
General Mills, Inc. 0.290%
Honeywell International Inc. 0.940%
Hp Inc. 0.210%
Ingersoll Rand Inc. 0.110%
International Flavors & Fragrances Inc. 0.040%
Johnson & Johnson 2.930%
Kellogg Company 0.130%
Keurig Dr Pepper Inc. 0.080%
Kimberly-Clark Corporation 0.370%
Kraft Heinz Company 0.170%
Lyondellbasell Industries Nv 0.140%
Mondelez International, Inc. Class A 0.620%
Pepsico, Inc. 1.490%
Philip Morris International Inc. 0.900%
PPG Industries, Inc. 0.250%
Procter & Gamble Company 2.770%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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
2020	-7.57%	-2.85%
2019	10.01%	12.62%
2018	7.40%	4.42%
2017	9.64%	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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

Vanguard Value ETF
United States International Equities

99.59%
Westpac NZD Current Account
New Zealand Cash and Equivalents

0.6%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	0.0%	0.6%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	0.0%	0.0%
International Equities	100.0%	99.4%
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 Sept. 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:

0.07%
Alcohol:

0.21%
Animal Testing:

16.42%
Fossil Fuels:

9.81%
Gambling:

0.26%
GMOs:

0.20%
Human Rights & Environmental Violations:

5.28%
Palm Oil:

0.00%
Tobacco:

1.44%
Weapons:

2.56%

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words

"Invests in US shares and is designed to track the return on the CRSP US Large Cap Value Index."

Value	$76M NZD
Period of data report	Wed Sept. 30th 2020
Members	327
Fund started	Wed July 29th 2015
Total annual fund fees	0.51%
Total performance based fees	0.0%
Manager's basic fee	0.5%
Administration charges	0.01%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Guy Roulston Elliffe	Currently: Director (4 years, 10 months) Previously: Corporate Governance Manager - ACC (current position) (5 years, 5 months)
Stuart Kenneth Reginald Millar	Currently: Chief Investment Officer - Smartshares (1 years, 4 months) Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)
Hugh Duncan Stevens	Currently: Chief Executive Officer - Smartshares (2 years, 7 months) Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)
Alister John Williams	Currently: Director (4 years, 10 months) Previously: Investment Manager - Trust Management (5 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v