Funds

Smart Japan ESG ETF

Fund type: Aggressive fund

Average returns over the past 3 years, after fees and taxes

Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

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Total Ethical Concerns: 15.54%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

Animal Cruelty 5.33%
Shin-Etsu Chemical Co., Ltd.
2.02%

2.02%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Otsuka Holdings Co., Ltd.
0.79%

0.79%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Kao Corp.
0.62%

0.62%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Unicharm Corp.
0.39%

0.39%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Shiseido Co., Ltd.
0.29%

0.29%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Mitsubishi Gas Chemical Co., Inc.
0.23%

0.23%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Kikkoman Corp.
0.21%

0.21%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Nippon Paint Holdings Co., Ltd.
0.20%

0.20%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Ricoh Co., Ltd.
0.16%

0.16%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Yakult Honsha Co., Ltd.
0.16%

0.16%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

Seiko Epson Corp.
0.14%

0.14%

Fur & Speciality Leather

Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).

Mitsui Chemicals, Inc.
0.12%

0.12%

Animal Testing

Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Social Harm 1.1%
Asahi Group Holdings Ltd.
0.51%

0.51%

Alcohol

Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.

Kirin Holdings Co., Ltd.
0.32%

0.32%

Alcohol

Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.

Konami Group Corp.
0.27%

0.27%

Gambling

Where companies are involved in the manufacture or retail of gambling specialised equipment, gambling supporting products and services, or gambling operations.
Fossil Fuels 8.12%
Mitsubishi Corp.
1.86%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

1.86%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Itochu Corp.
1.72%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

1.72%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Mitsui & Co., Ltd.
1.54%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

1.54%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Marubeni Corp.
0.63%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

0.63%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Sumitomo Corp.
0.63%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

0.63%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Nippon Steel Corp.
0.52%

0.52%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Nippon Yusen Kk
0.45%

0.45%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Mitsui O.S.K. Lines, Ltd.
0.32%

0.32%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Osaka Gas
0.23%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

0.23%

Fossil Fuel Power Generation

Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

Tokyo Gas Co., Ltd.
0.22%

!!
This company is expanding their fossil fuel production and
is off track with the UN target to limit global temperature
rise to 1.5°C

0.22%

Fossil Fuel Production

Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Weapons 1.0%
Daikin Industries Ltd.
1.00%

1.00%

Controversial Weapons

Where companies are involved in the manufacturing or retail of controversial weapons (e.g., landmines and cluster munitions) or components or services thereof.

Find a Mindful Ethical fund »

From the Fund Provider

About this fund

About this Fund

Fund type: Aggressive fund

Past Returns: 6.61%

Average returns over the past 3 years, after fees and taxes

Annual Fees: 0.55%

Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The Smart Japan ESG ETF is designed to track the return (before tax, fees and other expenses) of the MSCI Japan ESG Screened Index. The Index is comprised of Japanese companies screened for exposure to controversial weapons, civilian firearms, tobacco, thermal coal and oil sands. The Index excludes companies that fail to comply with the United Nations Global Compact Principles. For more information, please refer to the Smart Responsible Investment Policy.

Value	$9.11M NZD
Period of data report	31st Dec. 2024
Fund started	6th June 2019
Total annual fund fees	0.55%
Total performance based fees	0.0%
Manager's basic fee	0.53%
Other management and administration charges	0.02%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Guy Roulston Elliffe	Currently: Director (9 years, 1 months) Previously: Corporate Governance Manager - ACC (current position) (9 years, 8 months)
Stuart Kenneth Reginald Millar	Currently: Chief Investment Officer - Smartshares (5 years, 7 months) Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)
Anna Lennie Scott	Currently: Chief Executive Officer - Smartshares (1 years, 3 months) Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)
Alister John Williams	Currently: Director (9 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. 2024.

Portfolio Holdings v

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
2024	14.61%	28.02%
2023	-4.85%	3.14%
2022	3.53%	-8.91%
2021	35.55%	17.14%

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. 2024.

Investments

Top 10 Investments

Ishares Msci Japan ESG Screened Ucits ETF

Ireland International Equities

100.0%
NZD Cash Account (ANZ Bank)

New Zealand Cash and Equivalents AA-

0.67%
NZD Cash Account (ANZ Bank)

New Zealand Cash and Equivalents AA-

0.01%

Type	Target	Actual
Cash and Cash Equivalents	0.0%	0.0%
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%	100.0%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.

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. 2024 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.

Companies of Concern
About this fund
Past Returns
Investments

Issues of Concern

5.33% Animal Cruelty
0.0% Human Rights Violations
1.1% Social Harm
8.12% Fossil Fuels
1.0% Weapons
0.0% Environmental Harm

Companies of Concern

Animal Cruelty
- Shin-Etsu Chemical Co., Ltd.
  2.02%
  
  2.02%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Otsuka Holdings Co., Ltd.
  0.79%
  
  0.79%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Kao Corp.
  0.62%
  
  0.62%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Unicharm Corp.
  0.39%
  
  0.39%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Shiseido Co., Ltd.
  0.29%
  
  0.29%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Mitsubishi Gas Chemical Co., Inc.
  0.23%
  
  0.23%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Kikkoman Corp.
  0.21%
  
  0.21%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Nippon Paint Holdings Co., Ltd.
  0.20%
  
  0.20%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Ricoh Co., Ltd.
  0.16%
  
  0.16%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Yakult Honsha Co., Ltd.
  0.16%
  
  0.16%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
- Seiko Epson Corp.
  0.14%
  
  0.14%
  
  Fur & Speciality Leather
  
  Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).
- Mitsui Chemicals, Inc.
  0.12%
  
  0.12%
  
  Animal Testing
  
  Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.
Social Harm
- Asahi Group Holdings Ltd.
  0.51%
  
  0.51%
  
  Alcohol
  
  Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.
- Kirin Holdings Co., Ltd.
  0.32%
  
  0.32%
  
  Alcohol
  
  Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.
- Konami Group Corp.
  0.27%
  
  0.27%
  
  Gambling
  
  Where companies are involved in the manufacture or retail of gambling specialised equipment, gambling supporting products and services, or gambling operations.
Fossil Fuels
- Mitsubishi Corp.
  1.86%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  1.86%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Itochu Corp.
  1.72%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  1.72%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Mitsui & Co., Ltd.
  1.54%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  1.54%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Marubeni Corp.
  0.63%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  0.63%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Sumitomo Corp.
  0.63%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  0.63%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Nippon Steel Corp.
  0.52%
  
  0.52%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Nippon Yusen Kk
  0.45%
  
  0.45%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Mitsui O.S.K. Lines, Ltd.
  0.32%
  
  0.32%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Osaka Gas
  0.23%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  0.23%
  
  Fossil Fuel Power Generation
  
  Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
- Tokyo Gas Co., Ltd.
  0.22%
  
  !!
  This company is expanding their fossil fuel production and
  is off track with the UN target to limit global temperature
  rise to 1.5°C
  
  0.22%
  
  Fossil Fuel Production
  
  Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Weapons
- Daikin Industries Ltd.
  1.00%
  
  1.00%
  
  Controversial Weapons
  
  Where companies are involved in the manufacturing or retail of controversial weapons (e.g., landmines and cluster munitions) or components or services thereof.

About this Fund

Fund type: Aggressive fund

Past Returns: 6.61%

Average returns over the past 3 years, after fees and taxes

Annual Fees: 0.55%

Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

Value	$9.11M NZD
Period of data report	31st Dec. 2024
Fund started	6th June 2019
Total annual fund fees	0.55%
Total performance based fees	0.0%
Manager's basic fee	0.53%
Other management and administration charges	0.02%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Guy Roulston Elliffe	Currently: Director (9 years, 1 months) Previously: Corporate Governance Manager - ACC (current position) (9 years, 8 months)
Stuart Kenneth Reginald Millar	Currently: Chief Investment Officer - Smartshares (5 years, 7 months) Previously: Head of Portfolio Management - ANZ Investments (6 years, 4 months)
Anna Lennie Scott	Currently: Chief Executive Officer - Smartshares (1 years, 3 months) Previously: Chief Operating Officer and Director - Hobson Wealth (5 years, 2 months)
Alister John Williams	Currently: Director (9 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. 2024.

Portfolio Holdings v

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
2024	14.61%	28.02%
2023	-4.85%	3.14%
2022	3.53%	-8.91%
2021	35.55%	17.14%

Top 10 Investments

Ishares Msci Japan ESG Screened Ucits ETF

Ireland International Equities

100.0%
NZD Cash Account (ANZ Bank)

New Zealand Cash and Equivalents AA-

0.67%
NZD Cash Account (ANZ Bank)

New Zealand Cash and Equivalents AA-

0.01%

Type	Target	Actual
Cash and Cash Equivalents	0.0%	0.0%
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%	100.0%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.

Funds

Smart Japan ESG ETF

Total Ethical Concerns: 15.54%

Companies of Concern

Animal Cruelty 5.33%

Fossil Fuels 8.12%

Weapons 1.0%

From the Fund Provider

About this fund

About this Fund

In their own words

Key Personnel

Past Returns

Past Returns

Investments

Top 10 Investments

Investment Mix

Issues of Concern

Companies of Concern

Animal Cruelty

Fossil Fuels

Weapons

About this Fund

In their own words

Key Personnel

Past Returns

Top 10 Investments

Investment Mix

Disclosures

Investing Risk

How we are funded

Privacy

Funds

Smart Japan ESG ETF

Total Ethical Concerns: 15.54%

Companies of Concern

Animal Cruelty 5.33%

Social Harm 1.1%

Fossil Fuels 8.12%

Weapons 1.0%

From the Fund Provider

About this fund

About this Fund

In their own words

Key Personnel

Past Returns

Past Returns

Investments

Top 10 Investments

Investment Mix

Issues of Concern

Companies of Concern

Animal Cruelty

Social Harm

Fossil Fuels

Weapons

About this Fund

In their own words

Key Personnel

Past Returns

Top 10 Investments

Investment Mix