Smartshares US Small Cap ETF

Not Mindful

Type: Aggressive fund

Past Returns: 1.30%

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

Allete, Inc. 0.09%
Antero Resources Corporation 0.02%
Black Hills Corporation 0.11%
Cabot Corporation 0.05%
Cabot Oil & Gas Corporation 0.12%
Callon Petroleum Company 0.01%
Centennial Resource Development, Inc. Class A 0.01%
Cimarex Energy Co. 0.08%
Cnx Resources Corporation 0.04%
Cvr Energy, Inc. 0.02%
Delek US Holdings Inc 0.04%
Eqt Corporation 0.10%
Equitrans Midstream Corp. 0.05%
Gulfport Energy Corporation 0.01%
Idacorp, Inc. 0.14%
International Seaways, Inc. 0.01%
Kirby Corporation 0.09%
Macquarie Infrastructure Corporation 0.06%
Magnolia Oil & Gas Corp. Class A 0.02%
Matador Resources Company 0.03%
Mge Energy, Inc. 0.07%
Murphy Oil Corporation 0.05%
National Fuel Gas Company 0.10%
Nrg Energy, Inc. 0.13%
Otter Tail Corporation 0.05%
Parsley Energy, Inc. Class A 0.08%
Pbf Energy, Inc. Class A 0.03%
Pdc Energy, Inc. 0.04%
Peabody Energy Corporation 0.01%
Pnm Resources, Inc. 0.10%
Qep Resources, Inc. 0.01%
Range Resources Corporation 0.04%
Seacor Holdings Inc. 0.02%
Sm Energy Company 0.01%
Southwestern Energy Company 0.05%
Wpx Energy, Inc. 0.07%

Weapons

Aecom 0.17%
Aerojet Rocketdyne Holdings, Inc. 0.09%
Aerovironment, Inc. 0.05%
Axon Enterprise Inc 0.13%
Booz Allen Hamilton Holding Corporation Class A 0.33%
Bwx Technologies, Inc. 0.18%
Caci International Inc Class A 0.19%
Curtiss-Wright Corporation 0.13%
Fluor Corporation 0.05%
Kaman Corporation Class A 0.03%
Kratos Defense & Security Solutions, Inc. 0.03%
Leidos Holdings, Inc. 0.44%
Mantech International Corporation Class A 0.06%
Mercury Systems, Inc. 0.15%
Moog Inc. Class A 0.05%
National Presto Industries, Inc. 0.01%
Olin Corporation 0.06%
Oshkosh Corp 0.14%
Science Applications International Corp. 0.15%
Sturm, Ruger & Company, Inc. 0.03%
Teledyne Technologies Incorporated 0.40%
Viasat, Inc. 0.07%
Vista Outdoor Inc 0.01%

Tobacco

Core-Mark Holding Company, Inc. 0.04%
Schweitzer-Mauduit International, Inc. 0.03%
Universal Corp 0.03%
Vector Group Ltd. 0.04%

Gambling

Boyd Gaming Corporation 0.05%
Caesars Entertainment Corporation 0.18%
Churchill Downs Incorporated 0.13%
Eldorado Resorts Inc 0.07%
Penn National Gaming, Inc. 0.12%
Red Rock Resorts, Inc. Class A 0.03%
Scientific Games Corporation 0.03%

Alcohol

Boston Beer Company, Inc. Class A 0.14%

GMOs

Fresh Del Monte Produce Inc. 0.02%
Scotts Miracle-Gro Company Class A 0.17%

Human Rights & Environmental Violations

Chemours Co. 0.06%
Kbr, Inc. 0.10%

Animal Testing

Cabot Corporation 0.050%
Cabot Oil & Gas Corporation 0.120%
Coca-Cola Consolidated, Inc. 0.030%
Edgewell Personal Care Co. 0.050%
Energizer Holdings Inc 0.080%
Ferro Corporation 0.030%
Inter Parfums, Inc. 0.020%
Kraton Corporation 0.010%
L Brands, Inc. 0.110%
Livent Corporation 0.030%
Nu Skin Enterprises, Inc. Class A 0.060%
Phibro Animal Health Corporation Class A 0.020%
Usana Health Sciences, Inc. 0.030%

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

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%	-13.19%
2019	10.01%	11.19%
2018	7.40%	5.91%
2017	9.64%	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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

Vanguard Small-Cap ETF
United States International Equities

100.0%
Westpac Current Account
New Zealand Cash and Equivalents AA-

1.34%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 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%	1.33%
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%	98.67%
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 Tue June 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:

0.00%
Alcohol:

0.14%
Animal Testing:

0.64%
Fossil Fuels:

1.97%
Gambling:

0.61%
GMOs:

0.19%
Human Rights & Environmental Violations:

0.16%
Palm Oil:

0.00%
Tobacco:

0.14%
Weapons:

2.97%

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

"The Smartshares US Small Cap ETF invests in the Vanguard Small Cap ETF which is designed to track the return on the CRSP US Small Cap Index."

Value	$54M NZD
Period of data report	Tue June 30th 2020
Members	355
Fund started	Wed July 29th 2015
Total annual fund fees	0.51%
Total performance based fees	0.0%
Manager's basic fee	0.46%
Administration charges	0.05%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Guy Roulston Elliffe	Currently: Director (4 years, 4 months) Previously: Corporate Governance Manager - ACC (current position) (4 years, 11 months)
Stuart Kenneth Reginald Millar	Currently: Chief Investment Officer - Smartshares (0 years, 10 months) Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)
Hugh Duncan Stevens	Currently: Chief Executive Officer - Smartshares (2 years, 1 months) Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)
Alister John Williams	Currently: Director (4 years, 4 months) Previously: Investment Manager - Trust Management (5 years, 2 months)

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

Downloads

Download the fund's disclosure statement and portfolio holdings.

Portfolio holdings v