Smartshares US Small Cap ETF

Find a Mindful Ethical fund »

Not Mindful

Fund type: Aggressive fund

Past Returns: 14.36%

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 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

Alleghany Corp. 0.10%
Antero Midstream Corp. 0.06%
Antero Resources Corp. 0.15%
Apa Corp. 0.27%
Arch Resources Inc. 0.04%
Atmos Energy Corp. 0.30%
Black Hills Corp. 0.09%
California Resources Corp. 0.07%
Callon Petroleum Co. 0.03%
Chesapeake Energy Corp. 0.19%
Cnx Resources Corp. 0.07%
Continental Resources Inc./Ok 0.02%
Cvr Energy Inc. 0.01%
Delek US Holdings Inc. 0.03%
Denbury Inc. 0.07%
Diamondback Energy Inc. 0.23%
Eqt Corp. 0.22%
Equitrans Midstream Corp. 0.06%
Jefferies Financial Group Inc. 0.10%
Kirby Corp. 0.08%
Magnolia Oil & Gas Corp. 0.07%
Marathon Oil Corp. 0.34%
Matador Resources Co. 0.11%
Murphy Oil Corp. 0.11%
National Fuel Gas Co. 0.12%
New Fortress Energy Inc. 0.06%
Oasis Petroleum Inc. 0.05%
Ovintiv Inc. 0.26%
Pbf Energy Inc. 0.04%
Pdc Energy Inc. 0.13%
Range Resources Corp. 0.14%
Sm Energy Co. 0.09%
South Jersey Industries Inc. 0.08%
Southwestern Energy Co. 0.15%
Targa Resources Corp. 0.32%
Texas Pacific Land Corp. 0.16%
Ugi Corp. 0.14%
Warrior Met Coal Inc. 0.04%
Whiting Petroleum Corp. 0.06%

Weapons

Aar Corp. 0.03%
Aerojet Rocketdyne Holdings Inc. 0.06%
Aerovironment Inc. 0.04%
Albany International Corp. 0.05%
Axon Enterprise Inc. 0.17%
Benchmark Electronics Inc. 0.02%
Booz Allen Hamilton Holding Corp. 0.22%
Bwx Technologies Inc. 0.09%
Caci International Inc. 0.13%
Carpenter Technology Corp. 0.04%
Curtiss-Wright Corp. 0.11%
Griffon Corp. 0.02%
Hexcel Corp. 0.09%
Howmet Aerospace Inc. 0.25%
Huntington Ingalls Industries Inc. 0.15%
Ii-Vi Inc. 0.14%
Kaman Corp. 0.02%
Kratos Defense & Security Solutions Inc. 0.05%
Leidos Holdings Inc. 0.14%
Mercury Systems Inc. 0.06%
Moog Inc. 0.05%
Rbc Bearings Inc. 0.10%
Sanmina Corp. 0.05%
Science Applications International Corp. 0.10%
Ttm Technologies Inc. 0.03%
Viasat Inc. 0.06%
Vista Outdoor Inc. 0.02%
Woodward Inc. 0.14%

Tobacco

Casey'S General Stores Inc. 0.14%
Performance Food Group Co. 0.15%
Schweitzer-Mauduit International Inc. 0.02%
Universal Corp./Va 0.03%
Vector Group Ltd. 0.03%

Gambling

Boyd Gaming Corp. 0.10%
Churchill Downs Inc. 0.14%
Gaming and Leisure Properties Inc. 0.21%
Penn National Gaming Inc. 0.13%
Red Rock Resorts Inc. 0.05%
Scientific Games Corp. 0.10%
Vici Properties Inc. 0.20%

Alcohol

Boston Beer Co. Inc. 0.07%
Molson Coors Beverage Co. 0.09%

Human Rights & Environmental Violations

Chemours Co. 0.09%
Kbr Inc. 0.14%
Mattel Inc. 0.15%

Animal Testing

Ashland Global Holdings Inc. 0.09%
Avient Corp. 0.08%
Axalta Coating Systems Ltd. 0.10%
Cabot Corp. 0.07%
Capri Holdings Ltd. 0.14%
Central Garden & Pet Co. 0.03%
Chemours Co. 0.09%
Coca-Cola Consolidated Inc. 0.04%
Coty Inc. 0.06%
Edgewell Personal Care Co. 0.04%
Energizer Holdings Inc. 0.04%
Entegris Inc. 0.33%
Ferro Corp. 0.03%
Herbalife Nutrition Ltd. 0.05%
Huntsman Corp. 0.12%
Ingevity Corp. 0.05%
Ingredion Inc. 0.10%
Innospec Inc. 0.04%
Inter Parfums Inc. 0.03%
Livent Corp. 0.08%
Minerals Technologies Inc. 0.04%
Mosaic Co. 0.23%
Nu Skin Enterprises Inc. 0.04%
Olin Corp. 0.14%
Pvh Corp. 0.10%
Ralph Lauren Corp. 0.09%
Rpm International Inc. 0.20%
Scotts Miracle-Gro Co. 0.09%
Sensient Technologies Corp. 0.07%
Spectrum Brands Holdings Inc. 0.07%
Stepan Co. 0.04%
Tapestry Inc. 0.18%
Tronox Holdings PLC 0.04%
Univar Solutions Inc. 0.10%
Usana Health Sciences Inc. 0.02%
Vector Group Ltd. 0.03%
Wd-40 Co. 0.05%
Xerox Holdings Corp. 0.05%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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.

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
2022 3.19% 0.83%
2021 36.07% 55.43%
2020 -7.33% -13.19%
2019 10.16% 11.19%
2018 7.53% 5.91%
2017 9.49% 17.91%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Vanguard Small-Cap ETF
    United States International Equities
    99.9298%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.6529%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 1.61%
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% 98.39%
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 Thu March 31st 2022.

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:
    0.16%
  • Animal Testing:
    3.20%
  • Fossil Fuels:
    4.66%
  • Gambling:
    0.93%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.38%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.37%
  • Weapons:
    2.43%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 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 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 US shares and is designed to track the return (before tax, fees and other expenses) of the CRSP US Small Cap Index."

Value $79M NZD
Period of data report Thu March 31st 2022
Fund started Wed July 29th 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 (6 years, 4 months)
Previously: Corporate Governance Manager - ACC (current position) (6 years, 11 months)

Stuart Kenneth Reginald Millar

Currently: Chief Investment Officer - Smartshares (2 years, 10 months)
Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 1 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (6 years, 4 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 Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Markets Conduct Act 2013 and any associated regulations.

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.