Smartshares US Equities ESG ETF

Not Mindful

Fund type: Aggressive fund

Past Returns: No three year data yet

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

Annual Fees: 0.34%

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

Nextera Energy Inc 0.51%
Marathon Petroleum Corp 0.21%
Valero Energy Corp 0.17%
Phillips 66 0.16%
Sempra 0.16%
Cheniere Energy Inc 0.14%
Williams Inc 0.13%
Kinder Morgan Inc 0.12%
Consolidated Edison Inc 0.10%
Constellation Energy Corp 0.10%
Oneok Inc 0.09%
Public Service Enterprise Group In 0.09%
Entergy Corp 0.07%
Lyondellbasell Industries Nv Class 0.07%
Pg&E Corp 0.07%
Atmos Energy Corp 0.05%
Targa Resources Corp 0.05%
Texas Pacific Land Corp 0.05%
Loews Corp 0.04%
Ugi Corp 0.02%
Delta Air Lines Inc 0.01%

Weapons

Walmart Inc 0.70%
Amphenol Corp Class A 0.15%
L3Harris Technologies Inc 0.15%
Transdigm Group Inc 0.10%
Teledyne Technologies Inc 0.06%
Booz Allen Hamilton Holding Corp C 0.05%
Howmet Aerospace Inc 0.04%
Heico Corp Class A 0.03%
Heico Corp 0.02%

Gambling

Gaming and Leisure Properties Reit 0.04%
Las Vegas Sands Corp 0.04%
Mgm Resorts International 0.04%
Caesars Entertainment Inc 0.03%
Wynn Resorts Ltd 0.02%

Adult Entertainment/Pornography

Mgm Resorts International 0.04%
Royal Caribbean Group Ltd 0.04%
Caesars Entertainment Inc 0.03%

Alcohol

Constellation Brands Inc Class A 0.13%
Brown Forman Corp Class B 0.07%

GMOs

Corteva Inc 0.16%

Human Rights & Environmental Violations

Johnson & Johnson 1.49%
Meta Platforms Inc Class A 0.67%
Thermo Fisher Scientific Inc 0.63%
Wells Fargo 0.57%
Caterpillar Inc 0.39%
Activision Blizzard Inc 0.18%
Archer Daniels Midland 0.18%
Corteva Inc 0.16%
Freeport Mcmoran Inc 0.15%
Uber Technologies Inc 0.14%
Motorola Solutions Inc 0.13%
Pg&E Corp 0.07%
Fmc Corp 0.05%

Animal Testing

Procter & Gamble 1.05%
Pepsico Inc 0.81%
Coca-Cola 0.80%
Mondelez International Inc Class A 0.28%
3M 0.23%
Archer Daniels Midland 0.18%
Sherwin Williams 0.18%
Corteva Inc 0.16%
General Mills Inc 0.16%
Estee Lauder Inc Class A 0.15%
Kimberly Clark Corp 0.14%
Constellation Brands Inc Class A 0.13%
Albemarle Corp 0.11%
Dow Inc 0.11%
Ecolab Inc 0.11%
Dupont De Nemours Inc 0.10%
Keurig Dr Pepper Inc 0.09%
Kraft Heinz 0.09%
PPG Industries Inc 0.09%
International Flavors & Fragrances 0.08%
Lyondellbasell Industries Nv Class 0.07%
Church and Dwight Inc 0.06%
Kellogg 0.06%
Mosaic 0.06%
Tyson Foods Inc Class A 0.06%
Clorox 0.05%
Fmc Corp 0.05%
Avantor Inc 0.04%
Campbell Soup 0.04%
Hormel Foods Corp 0.04%
Rpm International Inc 0.04%
Entegris Inc 0.03%
Westlake Corp 0.01%

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%	14.8%
2021	36.07%	32.86%

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:

Ishares Msci Usa ESG Screened Ucits ETF
Ireland International Equities

99.95%
ANZ NZD Current Account
New Zealand Cash and Equivalents AA-

0.41%

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%	1.8622%
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%	98.1378%
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:

0.11%
Alcohol:

0.20%
Animal Testing:

5.66%
Fossil Fuels:

2.41%
Gambling:

0.17%
GMOs:

0.16%
Human Rights & Environmental Violations:

4.81%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

1.30%

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 MSCI USA ESG Screened Index."

Value	$48M NZD
Period of data report	Fri Sept. 30th 2022
Fund started	Thu June 6th 2019
Total annual fund fees	0.34%
Total performance based fees	0.0%
Manager's basic fee	0.33%
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.

Portfolio holdings v