Smartshares Total World ETF

Not Mindful

Fund type: Aggressive fund

Past Returns: 12.33%

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

Annual Fees: 0.4%

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

Anglo American PLC 0.08%
Apa Corp. 0.02%
Arcelormittal SA 0.02%
Atmos Energy Corp. 0.02%
BHP Group Ltd. 0.25%
Canadian Natural Resources Ltd. 0.10%
Cenovus Energy Inc. 0.03%
Cheniere Energy Inc. 0.04%
Conocophillips 0.17%
Devon Energy Corp. 0.05%
Diamondback Energy Inc. 0.03%
Dominion Energy Inc. 0.09%
Enbridge Inc. 0.12%
Eni Spa 0.05%
Eog Resources Inc. 0.09%
Equinor Asa 0.05%
Exxon Mobil Corp. 0.46%
Franco-Nevada Corp. 0.04%
Glencore PLC 0.11%
Hess Corp. 0.04%
Hong Kong & China Gas Co. Ltd. 0.02%
Itochu Corp. 0.06%
Kinder Morgan Inc. 0.05%
Loews Corp. 0.02%
Lyondellbasell Industries Nv 0.04%
Marathon Oil Corp. 0.03%
Marathon Petroleum Corp. 0.07%
Mitsubishi Corp. 0.06%
Mitsui & Co. Ltd. 0.06%
Nippon Steel Corp. 0.02%
Nippon Yusen Kk 0.02%
Occidental Petroleum Corp. 0.06%
Oneok Inc. 0.04%
Pembina Pipeline Corp. 0.03%
Phillips 66 0.05%
Pioneer Natural Resources Co. 0.07%
Posco Holdings Inc. 0.02%
Ptt Pcl 0.02%
Public Service Enterprise Group Inc. 0.05%
Reliance Industries Ltd. 0.15%
Repsol SA 0.02%
Santos Ltd. 0.02%
Sasol Ltd. 0.02%
Saudi Arabian Oil Co. 0.04%
Shell PLC 0.27%
Snam Spa 0.02%
South32 Ltd. 0.02%
Sumitomo Corp. 0.03%
Suncor Energy Inc. 0.06%
Targa Resources Corp. 0.02%
Tc Energy Corp. 0.07%
Teck Resources Ltd. 0.02%
Tourmaline Oil Corp. 0.02%
Vale SA 0.10%
Williams Cos. Inc. 0.05%
Woodside Petroleum Ltd. 0.03%

Weapons

Airbus Se 0.09%
Amphenol Corp. 0.06%
Axon Enterprise Inc. 0.01%
Bae Systems PLC 0.04%
Boeing Co. 0.14%
Booz Allen Hamilton Holding Corp. 0.02%
Canadian Tire Corp. Ltd. 0.01%
Exor Nv 0.01%
General Dynamics Corp. 0.08%
Heico Corp. 0.01%
Honeywell International Inc. 0.18%
Howmet Aerospace Inc. 0.02%
Huntington Ingalls Industries Inc. 0.01%
Ii-Vi Inc. 0.01%
Jacobs Engineering Group Inc. 0.02%
L3Harris Technologies Inc. 0.06%
Larsen & Toubro Ltd. 0.02%
Leidos Holdings Inc. 0.02%
Lockheed Martin Corp. 0.14%
Meggitt PLC 0.01%
Mitsubishi Heavy Industries Ltd. 0.01%
Northrop Grumman Corp. 0.09%
Raytheon Technologies Corp. 0.20%
Rheinmetall AG 0.01%
Rolls-Royce Holdings PLC 0.01%
Safran SA 0.05%
Teledyne Technologies Inc. 0.03%
Textron Inc. 0.02%
Thales SA 0.02%
Transdigm Group Inc. 0.05%
Woodward Inc. 0.01%

Tobacco

Alimentation Couche-Tard Inc. 0.05%
Altria Group Inc. 0.13%
British American Tobacco PLC 0.13%
Casey'S General Stores Inc. 0.01%
Imperial Brands PLC 0.03%
Japan Tobacco Inc. 0.03%
Performance Food Group Co. 0.01%
Philip Morris International Inc. 0.19%
Swedish Match Ab 0.02%

Gambling

Aristocrat Leisure Ltd. 0.02%
Caesars Entertainment Inc. 0.02%
Churchill Downs Inc. 0.01%
Flutter Entertainment PLC 0.03%
Galaxy Entertainment Group Ltd. 0.02%
Gaming and Leisure Properties Inc. 0.01%
Las Vegas Sands Corp. 0.02%
Mgm Resorts International 0.02%
Tabcorp Holdings Ltd. 0.01%
Vici Properties Inc. 0.02%
Wynn Resorts Ltd. 0.01%

Adult Entertainment/Pornography

Caesars Entertainment Inc. 0.02%
Live Nation Entertainment Inc. 0.02%
Mgm Resorts International 0.02%

Alcohol

Ambev SA 0.01%
Anheuser-Busch Inbev SA/Nv 0.07%
Asahi Group Holdings Ltd. 0.02%
Brown-Forman Corp. 0.02%
Carlsberg As 0.02%
China Resources Beer Holdings Co. Ltd. 0.01%
Constellation Brands Inc. 0.05%
Diageo PLC 0.15%
Heineken Holding Nv 0.01%
Heineken Nv 0.03%
Kirin Holdings Co. Ltd. 0.01%
Kweichow Moutai Co. Ltd. 0.03%
LVMH Moet Hennessy Louis Vuitton Se 0.23%
Molson Coors Beverage Co. 0.01%
Pernod Ricard SA 0.06%

Palm Oil

GMOs

Corteva Inc. 0.06%

Human Rights & Environmental Violations

Activision Blizzard Inc. 0.08%
Astra International Tbk Pt 0.01%
BHP Group Ltd. 0.25%
Bank Hapoalim Bm 0.02%
Bank Leumi Le-Israel Bm 0.02%
Barrick Gold Corp. 0.05%
Bayer AG 0.09%
China Petroleum & Chemical Corp. 0.01%
Credit Suisse Group AG 0.03%
Duke Energy Corp. 0.11%
Evergreen Marine Corp. Taiwan Ltd. 0.02%
Formosa Chemicals & Fibre Corp. 0.01%
Freeport-Mcmoran Inc. 0.10%
Glencore PLC 0.11%
Grupo Mexico Sab De Cv 0.02%
Jbs SA 0.01%
Johnson & Johnson 0.62%
Kbr Inc. 0.01%
Li Ning Co. Ltd. 0.03%
Mattel Inc. 0.01%
Motorola Solutions Inc. 0.05%
Mtn Group Ltd. 0.03%
Nestle SA 0.47%
Petrochina Co. Ltd. 0.01%
Petroleo Brasileiro SA 0.07%
Pg&E Corp. 0.03%
Posco Holdings Inc. 0.02%
Rio Tinto Ltd. 0.04%
Rio Tinto PLC 0.11%
Shell PLC 0.27%
Teva Pharmaceutical Industries Ltd. 0.01%
Uber Technologies Inc. 0.08%
Vale SA 0.10%
Zijin Mining Group Co. Ltd. 0.01%

Animal Testing

Air Liquide SA 0.09%
Akzo Nobel Nv 0.02%
Albemarle Corp. 0.03%
Altria Group Inc. 0.13%
Archer-Daniels-Midland Co. 0.07%
Asahi Group Holdings Ltd. 0.02%
Avantor Inc. 0.03%
Basf Se 0.07%
Bayer AG 0.09%
British American Tobacco PLC 0.13%
Celanese Corp. 0.02%
Church & Dwight Co. Inc. 0.03%
Clorox Co. 0.02%
Coca-Cola Co. 0.32%
Corteva Inc. 0.06%
Croda International PLC 0.02%
Danone SA 0.04%
Dow Inc. 0.06%
Dupont De Nemours Inc. 0.05%
Eastman Chemical Co. 0.02%
Ecolab Inc. 0.06%
Entegris Inc. 0.02%
Estee Lauder Cos. Inc. 0.08%
Fmc Corp. 0.02%
Formosa Plastics Corp. 0.02%
Fujifilm Holdings Corp. 0.03%
General Mills Inc. 0.05%
Givaudan SA 0.05%
Glaxosmithkline PLC 0.14%
Henkel AG & Co. Kgaa 0.02%
Hermes International 0.06%
Hindustan Unilever Ltd. 0.03%
Honeywell International Inc. 0.18%
Hp Inc. 0.05%
Imperial Brands PLC 0.03%
Ingersoll Rand Inc. 0.03%
International Flavors & Fragrances Inc. 0.04%
Johnson & Johnson 0.62%
Kao Corp. 0.02%
Kellogg Co. 0.02%
Kerry Group PLC 0.02%
Keurig Dr Pepper Inc. 0.04%
Kimberly-Clark Corp. 0.05%
Koninklijke Dsm Nv 0.04%
Kraft Heinz Co. 0.04%
L'Oreal SA 0.12%
LVMH Moet Hennessy Louis Vuitton Se 0.23%
Linde PLC 0.22%
Lyondellbasell Industries Nv 0.04%
Marubeni Corp. 0.02%
Mondelez International Inc. 0.11%
Mosaic Co. 0.03%
Nan Ya Plastics Corp. 0.02%
Nestle SA 0.47%
Novozymes A/S 0.02%
Nutrien Ltd. 0.08%
PPG Industries Inc. 0.04%
Pepsico Inc. 0.31%
Philip Morris International Inc. 0.19%
Procter & Gamble Co. 0.49%
Reckitt Benckiser Group PLC 0.06%
Reliance Industries Ltd. 0.15%
Sasol Ltd. 0.02%
Shell PLC 0.27%
Sherwin-Williams Co. 0.08%
Shin-Etsu Chemical Co. Ltd. 0.08%
Shiseido Co. Ltd. 0.03%
Symrise AG 0.02%
Tesco PLC 0.04%
Unicharm Corp. 0.02%
Unilever PLC 0.15%

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%	6.04%
2021	36.07%	31.64%
2020	-7.33%	-0.68%
2019	10.16%	7.03%
2018	7.53%	8.75%
2017	9.49%	12.48%

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 Total World Stock ETF
United States International Equities

99.9313%
ANZ NZD Current Account
New Zealand Cash and Equivalents AA-

1.7299%

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%	1.0%
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%	99.0%
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:

0.06%
Alcohol:

0.73%
Animal Testing:

6.59%
Fossil Fuels:

3.84%
Gambling:

0.19%
GMOs:

0.06%
Human Rights & Environmental Violations:

2.91%
Palm Oil:

0.01%
Tobacco:

0.60%
Weapons:

1.46%

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 international shares and is designed to track the return (before tax, fees and other expenses) of the FTSE Global All Cap Index."

Value	$240M NZD
Period of data report	Thu March 31st 2022
Fund started	Wed July 29th 2015
Total annual fund fees	0.4%
Total performance based fees	0.0%
Manager's basic fee	0.39%
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)