Funds

Smartshares US Mid Cap ETF

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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

    • Cheniere Energy Inc. 0.75%
    • Devon Energy Corp. 0.72%
    • Consolidated Edison Inc. 0.55%
    • Hess Corp. 0.55%
    • Wec Energy Group Inc. 0.51%
    • Constellation Energy Corp. 0.49%
    • Pg&E Corp. 0.48%
    • Oneok Inc. 0.42%
    • Diamondback Energy Inc. 0.39%
    • Ameren Corp. 0.38%
    • Valero Energy Corp. 0.38%
    • Entergy Corp. 0.37%
    • Coterra Energy Inc. 0.36%
    • Dte Energy Co. 0.36%
    • Lyondellbasell Industries Nv 0.36%
    • Phillips 66 0.35%
    • Ppl Corp. 0.34%
    • Delta Air Lines Inc. 0.33%
    • Williams Cos. Inc. 0.32%
    • Cms Energy Corp. 0.31%
    • Aes Corp. 0.27%
    • Evergy Inc. 0.25%
    • Alliant Energy Corp. 0.24%
    • Loews Corp. 0.19%
    • Nisource Inc. 0.19%
    • Vistra Corp. 0.16%
    • Marathon Oil Corp. 0.14%
    • Eqt Corp. 0.12%
    • Continental Resources Inc./Ok 0.07%

  • Weapons

    • Amphenol Corp. 0.72%
    • Transdigm Group Inc. 0.49%
    • Teledyne Technologies Inc. 0.29%
    • Heico Corp. 0.26%
    • Textron Inc. 0.22%
    • Leidos Holdings Inc. 0.11%

  • Gambling

    • Vici Properties Inc. 0.46%
    • Mgm Resorts International 0.17%
    • Caesars Entertainment Inc. 0.12%
    • Las Vegas Sands Corp. 0.12%

  • Adult Entertainment/Pornography

    • Mgm Resorts International 0.17%
    • Caesars Entertainment Inc. 0.12%

  • Alcohol

    • Molson Coors Beverage Co. 0.08%

  • GMOs

    • Corteva Inc. 0.75%

  • Human Rights & Environmental Violations

    • Corteva Inc. 0.75%
    • Motorola Solutions Inc. 0.68%
    • Pg&E Corp. 0.48%
    • Archer-Daniels-Midland Co. 0.41%
    • Fmc Corp. 0.24%

  • Animal Cruelty

    • Corteva Inc. 0.75%
    • Albemarle Corp. 0.56%
    • International Flavors & Fragrances Inc. 0.42%
    • Archer-Daniels-Midland Co. 0.41%
    • Lyondellbasell Industries Nv 0.36%
    • Tyson Foods Inc. 0.35%
    • Church & Dwight Co. Inc. 0.32%
    • Kellogg Co. 0.32%
    • Mosaic Co. 0.30%
    • Clorox Co. 0.29%
    • Fmc Corp. 0.24%
    • Avantor Inc. 0.22%
    • Hormel Foods Corp. 0.21%
    • Campbell Soup Co. 0.17%
    • Celanese Corp. 0.16%
    • Eastman Chemical Co. 0.16%
    • Molson Coors Beverage Co. 0.08%
    • Westlake Corp. 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 Mid Cap 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)
Previously: Corporate Governance Manager - ACC (current position) (7 years, 8 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (3 years, 7 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 10 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (7 years, 1 months)
Previously: Investment Manager - Trust Management (5 years, 4 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 0.29%
Alcohol 0.08%
Animal Cruelty 5.32%
Fossil Fuels 10.29%
Gambling 0.87%
GMOs 0.75%
Human Rights & Environmental Violations 2.55%
Palm Oil 0.00%
Tobacco 0.00%
Weapons 2.08%

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% 8.69%
2021 36.07% 40.14%
2020 -7.33% -4.43%
2019 10.16% 11.51%
2018 7.53% 6.03%
2017 9.49% 13.5%

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 Mid-Cap ETF
    United States International Equities
    99.84%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.6%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.156227%
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% 99.843773%
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.