InvestNow Fund Manager – Smartshares

Smartshares is New Zealand’s leading passive investment manager and the pioneer of Exchange Traded Funds (ETFs) in New Zealand, launching the first ETF in 1996.

Smartshares is committed to providing innovative financial solutions for passive investors, and is the manager of a comprehensive selection of 31 global and domestic ETFs, across the main investment asset classes of bonds, cash, property and shares. The units in the ETFs are listed on the NZX Main Board and are tradeable like individual shares.

Each fund is a listed Portfolio Investment Entity (PIE).

Smartshares Exchange Traded Funds are issued and managed by Smartshares Limited, a wholly owned subsidiary of NZX Limited. The Product Disclosure Statement for the Smartshares Exchange Traded Funds is available and can be downloaded from www.smartshares.co.nz.

Smartshares on InvestNow

Asia Pacific ETF (APA)

The Smartshares Asia Pacific ETF is designed to give diversified exposure to Asia Pacific share markets. The fund invests in the Vanguard FTSE Pacific ETF, which is designed to track the return on the FTSE Developed Asia Pacific All Cap Index. The Vanguard FTSE Pacific ETF invests all, or substantially all, of its assets in the shares included in the FTSE Developed Asia Pacific All Cap Index.

Australian Dividend ETF (ASD)

The Smartshares Australian Dividend ETF invests in higher yielding shares listed on the ASX, and is designed to track the return on the S&P/ASX Dividend Opportunities Index. The S&P/ASX Dividend Opportunities Index is made up of 50 high yielding shares listed on the ASX and included in the S&P/ASX 300 Index.

Australian Financials ETF (ASF)

The Smartshares Australian Financials ETF invests is designed to provide diversified exposure to the Australian financial companies. The fund aims to track the return of the S&P/ASX 200 Financials Ex-A-REIT Index. The S&P/ASX 200 Financials Ex-A-REIT Index is a sector sub-index of the S&P/ASX 200 Index and is made up of financial sector shares, but excludes Australian Real Estate Investments Trusts (A-REITs).

Australian Mid Cap Fund

The Australian Mid Cap Fund invests in financial products listed on the ASX and is designed to track the return on the S&P/ASX Mid Cap 50 Index. The S&P/ASX Mid Cap 50 Index is made up of financial products listed on the ASX and included in the S&P/ASX 100 Index, but excludes products included in the S&P/ASX 50 Index.

Australian Property ETF (ASP)

The Smartshares Australian Property ETF is designed to provide diversified exposure to the Australian listed real estate sector.  The fund invests in property shares listed on the ASX and is designed to track the return on the S&P/ASX 200 A-REIT Equal Weight Index. The S&P/ASX 200 A-REIT Equal Weight Index is a sector sub-index of the S&P/ASX 200 Index and is made up of Australian Real Estate Investment Trusts (A-REITs).

Australian Resources ETF (ASR)

The Smartshares Australian Resources ETF is designed to give investors diversified exposure to the Australian metals, mining and energy sectors. The fund invests in shares listed on the ASX and is designed to track the return on the S&P/ASX 200 Resources Index. The S&P/ASX 200 Resources Index is made up of companies from the S&P/ASX 200 index where the company is classified as belonging to the energy sector or the metals and mining industry.

Australian Top 20 Fund

The Australian Top 20 Fund invests in financial products listed on the ASX and is designed to track the return on the S&P/ASX 20 Index. The S&P/ASX 20 Index is made up of 20 of the largest financial products listed on the ASX.

Automation and Robotics

Invests in the iShares Automation & Robotics UCITS ETF, which is designed to track the iSTOXX FactSet Automation and Robotics Index.  The Fund seeks to track the performance of an index composed of developed and emerging market companies which are generating significant revenues from specific sectors associated with the development of automatic and robotic technology.

Emerging Markets Equities ESG

Invests in the iShares MSCI EM IMI ESG Screened UCITS ETF, which is designed to track the return of the MSCI EM IMI ESG Screened Index.  The fund seeks to track the performance of an index composed of emerging markets companies screened for exposure to thermal coal, controversial weapons, tobacco, and other controversial industries.

Emerging Markets Fund

The Emerging Markets Fund invests in the Vanguard FTSE Emerging Markets ETF, which is designed to track the return on the FTSE Emerging Markets All Cap China A Inclusion Index. The Vanguard FTSE Emerging Markets ETF invests all, or substantially all, of its assets in the financial products included in the FTSE Emerging Markets All Cap China A Inclusion Index.

Europe

The Europe Fund invests in the Vanguard FTSE Europe ETF, which is designed to track the return on the FTSE Developed Europe All Cap Index. The Vanguard FTSE Europe ETF invests all, or substantially all, of its assets in the financial products included in the FTSE Developed Europe All Cap Index.

Europe Equities ESG

Invests in the iShares MSCI Europe ESG Screened UCITS ETF, which is designed to track the return of the MSCI Europe ESG Screened Index.   The fund seeks to track the performance of an index composed of European companies screened for exposure to thermal coal, controversial weapons, tobacco, and other controversial industries.

Global Aggregate Bond

Invests in the iShares Core Global Aggregate Bond UCITS ETF, which is designed to track the Bloomberg Barclays Global aggregate Index in NZD.  The iShares Global Aggregate Bond UCITS ETF seeks to track the investment results of an index composed of global investment grade bonds.

Global Bond ETF

The Smartshares Global Bond ETF gives investors broadly diversified exposure to global fixed interest assets, with the objective of outperforming the Barclays Global Aggregate Bond Index by 1% per annum over rolling 3-year periods, hedged against the New Zealand dollar. The fund is actively managed by PIMCO Australia.

Global Equities ESG

Invests in the iShares MSCI World ESG Screened UCITS ETF, which is designed to track the MSCI World ESG Screened Index.  The Underlying Fund seeks to track the performance of an index composed of developed market companies screened for exposure to thermal coal, controversial weapons, tobacco, and other controversial industries.

Healthcare Innovation

Invests in the iShares Healthcare Innovation UCITS ETF USD (Acc), which is designed to track the iSTOXX FactSet Breakthrough Healthcare Index.  The Fund seeks to track the performance of an index composed of developed and emerging market companies which are generating significant revenues from specific sectors focused on pushing the boundaries in medical treatment and technology.

Japan Equities ESG

Invests in the iShares MSCI Japan ESG Screened UCITS ETF, which is designed to track the return of the MSCI Japan ESG Screened Index.  The fund seeks to track the performance of an index composed of Japanese companies screened for exposure to thermal coal, controversial weapons, tobacco, and other controversial industries.

NZ Bond ETF (NZB)

The Smartshares NZ Bond ETF is designed to provide diversified, cost effective access to the NZ corporate bond market. The fund invests in New Zealand fixed interest assets, with the objective of outperforming the S&P/NZX A-Grade Corporate Bond Index over rolling 3-year periods. The investment manager for the fund is Nikko Asset Management New Zealand Limited.

NZ Cash ETF (NZC)

The Smartshares NZ Cash ETF invests in cash and cash equivalents, with the objective of outperforming the S&P/NZX Bank Bill 90-Day Index over rolling 1-year periods.

NZ Dividend Fund

The NZ Dividend Fund invests in financial products listed on the NZX Main Board and is designed to track the return on the S&P/NZX 50 High Dividend Index. The S&P/NZX 50 High Dividend Index is made up of 25 high yielding financial products listed on the NZX Main Board and included in the S&P/NZX 50 Index.

NZ Mid Cap Fund

The NZ Mid Cap Fund invests in financial products listed on the NZX Main Board and is designed to track the return on the S&P/NZX Mid Cap Index. The S&P/NZX Mid Cap Index is made up of financial products listed on the NZX Main Board and included in the S&P/NZX 50 Index, but excludes products included in the S&P/NZX 10 Index and products issued by non-New Zealand issuers.

NZ Top 10 ETF (TNZ)

The Smartshares NZ Top 10 ETF is designed provide diversified exposure to NZ’s largest companies. The fund aims to track the return on the S&P/NZX 10 Index. The S&P/NZX 10 Index is made up of the ten of the largest stocks listed on the NZX Main Board, but excludes stocks issued by non-New Zealand issuers. TNZ was launched in 1996, and was the first ETF listed in New Zealand.

NZ Top 50 Fund

The NZ Top 50 Fund invests in financial products listed on the NZX Main Board and is designed to track the return on the S&P/NZX 50 Portfolio Index. The S&P/NZX 50 Portfolio Index is made up of 50 of the largest financial products listed on the NZX Main Board. The S&P/NZX 50 Portfolio Index is made up of the same financial products as the S&P/NZX 50 Index, but with a 5% cap on the weight of each product.

Total World

The Total World Fund invests in the Vanguard Total World Stock ETF, which is designed to track the return on the FTSE Global All Cap Index. The Vanguard Total World Stock ETF invests all, or substantially all, of its assets in the financial products included in the FTSE Global All Cap Index.

US 500

The US 500 Fund invests in the Vanguard S&P 500 ETF, which is designed to track the return on the S&P 500 Index. The Vanguard S&P 500 ETF invests all, or substantially all, of its assets in the financial products included in the S&P 500 Index.

US Equities ESG

Invests in the iShares MSCI USA ESG Screened UCITS ETF, which is designed to track the return of the MSCI USA ESG Screened Index.  The fund seeks to track the performance of an index composed of U.S. companies screened for exposure to thermal coal, controversial weapons, tobacco, and other controversial industries.

US Large Growth Fund

The US Large Growth Fund invests in the Vanguard Growth ETF, which is designed to track the return on the CRSP US Large Cap Growth Index. The Vanguard Growth ETF invests all, or substantially all, of its assets in the financial products included in the CRSP US Large Cap Growth Index.

US Large Value ETF (USV)

The Smartshares US Large Value ETF is designed to give investors diversified exposure to US shares considered to fit certain ‘value’ criteria. It invests in the Vanguard Value ETF, which is designed to track the return on the CRSP US Large Cap Value Index. The Vanguard Value ETF invests all, or substantially all, of its assets in shares included in the CRSP US Large Cap Value Index.

US Mid Cap Fund

The US Mid Cap Fund invests in the Vanguard Mid Cap ETF, which is designed to track the return on the CRSP US Mid Cap Index. The Vanguard Mid Cap ETF invests all, or substantially all, of its assets in the financial products included in the CRSP US Mid Cap Index. The CRSP US Mid Cap Index is made up of midsize US companies.

US Small Cap ETF (USS)

The Smartshares US Small Cap ETF is designed to give investors exposure to potentially fast growing small companies listed on the US share market. The fund invests in the Vanguard Small Cap ETF, which is designed to track the return on the CRSP US Small Cap Index. The Vanguard Small Cap ETF invests all, or substantially all, of its assets in shares included in the CRSP US Small Cap Index.