Smartshares Emerging Markets ETF

Find a Mindful Ethical fund »

Not Mindful

Fund type: Aggressive fund

Past Returns: 5.46%

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

Annual Fees: 0.59%

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

Reliance Industries Ltd. 1.53%
Petroleo Brasileiro SA 0.84%
Vale SA 0.81%
Saudi Arabian Oil Co. 0.42%
China Shenhua Energy Co. Ltd. 0.20%
Adani Enterprises Ltd. 0.18%
China Petroleum & Chemical Corp. 0.18%
Adani Transmission Ltd. 0.16%
Petrochina Co. Ltd. 0.15%
Astra International Tbk Pt 0.14%
Ntpc Ltd. 0.14%
Sasol Ltd. 0.14%
Yankuang Energy Group Co. Ltd. 0.11%
Taiwan Cement Corp. 0.10%
Acwa Power Co. 0.09%
Cez As 0.09%
Gulf Energy Development Pcl 0.09%
Hapvida Participacoes E Investimentos S/A 0.09%
Oil & Natural Gas Corp. Ltd. 0.09%
Ptt Exploration & Production Pcl 0.09%
Tenaga Nasional Bhd. 0.09%
Coal India Ltd. 0.08%
Saudi Electricity Co. 0.08%
Adani Power Ltd. 0.07%
China Longyuan Power Group Corp. Ltd. 0.07%
Citic Ltd. 0.07%
Citic Securities Co. Ltd. 0.07%
Tata Power Co. Ltd. 0.07%
Bharat Petroleum Corp. Ltd. 0.06%
Cosan SA 0.06%
Formosa Petrochemical Corp. 0.06%
Vedanta Ltd. 0.06%
Adaro Energy Indonesia Tbk Pt 0.05%
China Resources Power Holdings Co. Ltd. 0.05%
Eneva SA 0.05%
Grupo Financiero Inbursa Sab De Cv 0.05%
Indian Oil Corp. Ltd. 0.05%
Petro Rio SA 0.05%
Qatar Gas Transport Co. Ltd. 0.05%
United Tractors Tbk Pt 0.05%
Acc Ltd. 0.04%
Exxaro Resources Ltd. 0.04%
Gail India Ltd. 0.04%
Guangdong Investment Ltd. 0.04%
Kunlun Energy Co. Ltd. 0.04%
Misc Bhd. 0.04%
Ptt Global Chemical Pcl 0.04%
Qatar Electricity & Water Co. Qsc 0.04%
Thungela Resources Ltd. 0.04%
China Coal Energy Co. Ltd. 0.03%
China Power International Development Ltd. 0.03%
Cosco Shipping Energy Transportation Co. Ltd. 0.03%
Enel Americas SA 0.03%
Enka Insaat Ve Sanayi As 0.03%
Hindustan Petroleum Corp. Ltd. 0.03%
Huaneng Power International Inc. 0.03%
Jindal Steel & Power Ltd. 0.03%
Mol Hungarian Oil & Gas PLC 0.03%
Petronas Gas Bhd. 0.03%
Petronet Lng Ltd. 0.03%
Ptt Oil & Retail Business Pcl 0.03%
Turkiye Petrol Rafinerileri As 0.03%
African Rainbow Minerals Ltd. 0.02%
Aluminum Corp. Of China Ltd. 0.02%
Aneka Tambang Tbk 0.02%
Bukit Asam Tbk Pt 0.02%
Ecopetrol SA 0.02%
Edp - Energias Do Brasil SA 0.02%
Electricity Generating Pcl 0.02%
Engie Brasil Energia SA 0.02%
Gcc Sab De Cv 0.02%
Global Power Synergy Pcl 0.02%
Gmr Infrastructure Ltd. 0.02%
Indo Tambangraya Megah Tbk Pt 0.02%
Inner Mongolia Yitai Coal Co. Ltd. 0.02%
Jsw Energy Ltd. 0.02%
Manila Electric Co. 0.02%
Mytilineos SA 0.02%
Nmdc Ltd. 0.02%
OMV Petrom SA 0.02%
Perusahaan Gas Negara Tbk Pt 0.02%
Petronas Dagangan Bhd. 0.02%
Public Power Corp. SA 0.02%
Qatar Navigation Qsc 0.02%
Rabigh Refining & Petrochemical Co. 0.02%
Santos Brasil Participacoes SA 0.02%
Shaanxi Coal Industry Co. Ltd. 0.02%
Torrent Power Ltd. 0.02%

Weapons

Wal-Mart De Mexico Sab De Cv 0.28%
Larsen & Toubro Ltd. 0.24%
Bharat Electronics Ltd. 0.06%
Ashok Leyland Ltd. 0.04%
Hindustan Aeronautics Ltd. 0.04%
Larsen & Toubro Infotech Ltd. 0.04%
Embraer SA 0.02%
Aselsan Elektronik Sanayi Ve Ticaret As 0.01%
Avichina Industry & Technology Co. Ltd. 0.01%

Tobacco

Itc Ltd. 0.19%
Reinet Investments Sca 0.03%
Smoore International Holdings Ltd. 0.03%
Eve Energy Co. Ltd. 0.02%
Yunnan Energy New Material Co. Ltd. 0.02%
Gudang Garam Tbk Pt 0.01%
Rlx Technology Inc. 0.01%

Gambling

Opap SA 0.04%
Genting Bhd. 0.03%
Genting Malaysia Bhd. 0.03%

Alcohol

Kweichow Moutai Co. Ltd. 0.35%
Ambev SA 0.20%
China Resources Beer Holdings Co. Ltd. 0.17%
Wuliangye Yibin Co. Ltd. 0.10%
Tsingtao Brewery Co. Ltd. 0.09%
Luzhou Laojiao Co. Ltd. 0.06%
Shanxi Xinghuacun Fen Wine Factory Co. Ltd. 0.05%
United Spirits Ltd. 0.05%
Anhui Gujing Distillery Co. Ltd. 0.03%
Jiangsu Yanghe Brewery Joint-Stock Co. Ltd. 0.03%
Beijing Enterprises Holdings Ltd. 0.02%
Radico Khaitan Ltd. 0.02%
United Breweries Ltd. 0.02%
Becle Sab De Cv 0.01%
Carlsberg Brewery Malaysia Bhd. 0.01%
Cia Cervecerias Unidas SA 0.01%
Distell Group Holdings Ltd. 0.01%

Palm Oil

Astra International Tbk Pt 0.14%
Sime Darby Plantation Bhd. 0.05%
Ioi Corp. Bhd. 0.04%
Ppb Group Bhd. 0.04%
Indofood Sukses Makmur Tbk Pt 0.03%
Kuala Lumpur Kepong Bhd. 0.03%
Sime Darby Bhd. 0.03%
Adani Wilmar Ltd. 0.02%
Ijm Corp. Bhd. 0.02%
Indofood Cbp Sukses Makmur Tbk Pt 0.02%
Ql Resources Bhd. 0.02%

Human Rights & Environmental Violations

Petroleo Brasileiro SA 0.84%
Vale SA 0.81%
Li Ning Co. Ltd. 0.27%
Adani Enterprises Ltd. 0.18%
Centrais Eletricas Brasileiras SA 0.18%
China Petroleum & Chemical Corp. 0.18%
Petrochina Co. Ltd. 0.15%
Astra International Tbk Pt 0.14%
Adani Ports & Special Economic Zone Ltd. 0.12%
Formosa Chemicals & Fibre Corp. 0.12%
Jbs SA 0.10%
Upl Ltd. 0.07%
Evergreen Marine Corp. Taiwan Ltd. 0.06%
Page Industries Ltd. 0.06%
Vedanta Ltd. 0.06%
Pi Industries Ltd. 0.04%
Atul Ltd. 0.03%
Genting Bhd. 0.03%
Kuala Lumpur Kepong Bhd. 0.03%
Tata Chemicals Ltd. 0.03%
Bharat Heavy Electricals Ltd. 0.02%
Coromandel International Ltd. 0.02%
Hektas Ticaret Tas 0.02%
Ijm Corp. Bhd. 0.02%
Nhpc Ltd. 0.02%
Steel Authority Of India Ltd. 0.02%
Zte Corp. 0.02%

Animal Testing

Reliance Industries Ltd. 1.52%
Ping An Insurance Group Co. Of China Ltd. 0.54%
Hindustan Unilever Ltd. 0.46%
Asian Paints Ltd. 0.29%
Itc Ltd. 0.19%
Nan Ya Plastics Corp. 0.19%
China Petroleum & Chemical Corp. 0.18%
Grupo Mexico Sab De Cv 0.17%
Formosa Plastics Corp. 0.16%
Sasol Ltd. 0.14%
Nestle India Ltd. 0.13%
Formosa Chemicals & Fibre Corp. 0.12%
Grasim Industries Ltd. 0.12%
Hindalco Industries Ltd. 0.10%
Jbs SA 0.10%
Petronas Chemicals Group Bhd. 0.08%
Srf Ltd. 0.07%
Upl Ltd. 0.07%
Almarai Co. Jsc 0.06%
Sahara International Petrochemical Co. 0.06%
Hengan International Group Co. Ltd. 0.05%
Marico Ltd. 0.05%
Alfa Sab De Cv 0.04%
China Feihe Ltd. 0.04%
Colgate-Palmolive India Ltd. 0.04%
Pi Industries Ltd. 0.04%
Ppb Group Bhd. 0.04%
Ptt Global Chemical Pcl 0.04%
Wanhua Chemical Group Co. Ltd. 0.04%
Berger Paints India Ltd. 0.03%
Deepak Nitrite Ltd. 0.03%
Gujarat Fluorochemicals Ltd. 0.03%
Hindustan Petroleum Corp. Ltd. 0.03%
Kuala Lumpur Kepong Bhd. 0.03%
Navin Fluorine International Ltd. 0.03%
Nestle Malaysia Bhd. 0.03%
Orbia Advance Corp. Sab De Cv 0.03%
Saudi Industrial Investment Group 0.03%
Supreme Industries Ltd. 0.03%
Tata Chemicals Ltd. 0.03%
Turkiye Sise Ve Cam Fabrikalari As 0.03%
Ultrapar Participacoes SA 0.03%
Unilever Indonesia Tbk Pt 0.03%
Alsea Sab De Cv 0.02%
Avi Ltd. 0.02%
China Petrochemical Development Corp. 0.02%
Coromandel International Ltd. 0.02%
Dongyue Group Ltd. 0.02%
Emami Ltd. 0.02%
Eternal Materials Co. Ltd. 0.02%
Hektas Ticaret Tas 0.02%
Inner Mongolia Yili Industrial Group Co. Ltd. 0.02%
Kimberly-Clark De Mexico Sab De Cv 0.02%
Taiwan Fertilizer Co. Ltd. 0.02%
Tongwei Co. Ltd. 0.02%
Turkiye Is Bankasi As 0.02%
Win Semiconductors Corp. 0.02%

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

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% -8.75%
2021 36.07% 33.63%
2020 -7.33% -8.5%
2019 10.16% -2.29%
2018 7.53% 12.9%
2017 9.49% 14.74%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • Vanguard FTSE Emerging Markets ETF
    United States International Equities
    99.73%
  • ANZ NZD Current Account
    New Zealand Cash and Equivalents AA-
    0.27%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 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% 1.0997%
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% 98.9003%
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 Fri Sept. 30th 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).

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:
    0.00%
  • Alcohol:
    1.23%
  • Animal Testing:
    5.95%
  • Fossil Fuels:
    8.33%
  • Gambling:
    0.10%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    3.69%
  • Palm Oil:
    0.44%
  • Tobacco:
    0.31%
  • Weapons:
    0.74%

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

In their own words

"Invests in international shares and is designed to track the return (before tax, fees and other expenses) of the FTSE Emerging Markets All Cap China A Inclusion Index."

Value $160M NZD
Period of data report Fri Sept. 30th 2022
Fund started Wed July 29th 2015
Total annual fund fees 0.59%
Total performance based fees 0.0%
Manager's basic fee 0.58%
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, 10 months)
Previously: Corporate Governance Manager - ACC (current position) (7 years, 5 months)

Stuart Kenneth Reginald Millar

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

Hugh Duncan Stevens

Currently: Chief Executive Officer - Smartshares (4 years, 7 months)
Previously: Chief Operating Officer - Implemented Investment Solutions Ltd (2 years, 6 months)

Alister John Williams

Currently: Director (6 years, 10 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 Fri Sept. 30th 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.