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Smart NZ Mid Cap ETF Fund Information / Factsheet 2026
66226_rns_2026-05-01_ed3f4704-932a-4261-910a-d8df6664acfc.pdf
Fund Information / Factsheet
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Smart Exchange Traded Funds
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Smart NZ Mid Cap ETF
Fund update for the quarter ended 31 March 2026
This fund update was first made publicly available on 1 May 2026.
What is the purpose of this update?
This document tells you how the Smart NZ Mid Cap ETF has performed and what fees were charged. The document will help you to compare the fund with other funds. Smartshares Limited prepared this update in accordance with the Financial Markets Conduct Act 2013. This information is not audited and may be updated.
Description of this fund
The Smart NZ Mid Cap ETF is designed to track the return (before tax, fees and other expenses) of the S&P/NZX MidCap Index. The Index is comprised of companies listed on the NZX that are included in the S&P/NZX 50 Index but are not included in the S&P/NZX 10 Index.
| Total value of the fund | $132,637,959 |
|---|---|
| The date the fund started | 7 November 2016 |
What are the risks of investing?
Risk indicator for the Smart NZ Mid Cap ETF
The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund's assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way.
To help you clarify your own attitude to risk, you can seek financial advice or work out your risk profile at sorted.org.nz/tools/investor-profiler.
Note that even the lowest category does not mean a risk-free investment, and there are other risks that are not captured by this rating.
This risk indicator is not a guarantee of a fund's future performance. The risk indicator is based on the returns data for 5 years to 31 March 2026. While risk indicators are usually relatively stable, they do shift from time to time. The risk indicator will continue to be updated in future fund updates.
See the Product Disclosure Statement for the Smart Exchange Traded Funds – Australasia Series for more information about the risks associated with investing in this fund.
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Smart Exchange Traded Funds | Page 1
How has the fund performed?
| Average over past 5 years | Past year | |
|---|---|---|
| Annual return | ||
| (after deductions for charges and tax) | 0.36% | 6.30% |
| Annual return | ||
| (after deductions for charges but before tax) | 1.26% | 7.34% |
| Market index annual return | ||
| (reflects no deduction for charges and tax) | 1.12% | 7.14% |
The market index annual return is based on the annual return of the S&P/NZX Mid Cap Index. Additional information about the market index is available in the 'Other Material Information' document on the offer register at disclose-register.companiesoffice.govt.nz.
Annual return graph
This shows the return after fund charges and tax for each year ending 31 March since the fund started. The last bar shows the average annual return since the fund started, up to 31 March 2026.
Important: This does not tell you how the fund will perform in the future.
Returns in this update are after tax at the highest prescribed investor rate (PIR) of tax for an individual New Zealand resident. Your tax may be lower.
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Smart Exchange Traded Funds | Page 2
What fees are investors charged?
Investors in the Smart NZ Mid Cap ETF are charged fund charges. In the year to 31 March 2025 these were:
| % per annum of fund's net asset value | |
|---|---|
| Total fund charges | 0.60% |
| Which are made up of: | |
| Total management and administration charges | 0.60% |
| Including: | |
| Manager's basic fee | 0.58% |
| Other management and administration charges | 0.02%^{1} |
Investors may also be charged individual action fees for specific actions or decisions (for example, for withdrawing from or switching funds). See the Product Disclosure Statement for the Smart Exchange Traded Funds – Australasia Series for more information about those fees.
The fees set out above include GST where applicable.
Small differences in fees and charges can have a big impact on your investment over the long term.
Example of how this applies to an investor
Tara had $10,000 in the fund at the start of the year and did not make any further contributions. At the end of the year, Tara received a return after fund charges were deducted but before tax of $734 (that is 7.34% of Tara's initial $10,000). This gives Tara a total return after tax of $630 for the year.
What does the fund invest in?
Actual investment mix
This shows the types of assets that the fund invests in.
Target investment mix
This shows the mix of assets that the fund generally intends to invest in.
| Asset Category | Target Asset Mix |
|---|---|
| Cash and cash equivalents | - |
| New Zealand fixed interest | - |
| International fixed interest | - |
| Australasian equities | 100.00% |
| International equities | - |
| Listed property | - |
| Unlisted property | - |
| Commodities | - |
| Other | - |
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Smart Exchange Traded Funds | Page 3
Top 10 investments
| Name | % of fund's net asset value | Type | Country | Credit rating (if applicable) |
|---|---|---|---|---|
| Mercury NZ Ltd | 9.83% | Australasian equities | New Zealand | |
| Chorus Ltd | 9.24% | Australasian equities | New Zealand | |
| Port of Tauranga Ltd | 5.52% | Australasian equities | New Zealand | |
| Summerset Group Holdings Ltd | 4.88% | Australasian equities | New Zealand | |
| Freightways Group Ltd | 4.87% | Australasian equities | New Zealand | |
| Goodman Property Trust | 4.50% | Australasian equities | New Zealand | |
| Ryman Healthcare Ltd | 4.50% | Australasian equities | New Zealand | |
| Precinct Properties Group | 4.35% | Australasian equities | New Zealand | |
| Kiwi Property Group Ltd | 3.40% | Australasian equities | New Zealand | |
| Genesis Energy Ltd | 3.09% | Australasian equities | New Zealand |
The top 10 investments make up 54.18% of the fund's net asset value.
Currency hedging
The fund does not have foreign currency exposure.
Key personnel
This shows the directors and employees who have the most influence on the investment decisions of the fund:
| Name | Current position | Time in current position | Previous or other current position | Time in previous or other current position |
|---|---|---|---|---|
| Jon Raby | Director - Smart | 5 months | Chief Financial Officer - ASB Bank | 11 years |
| Alister John Williams | Director - Smart | 10 years and 4 months | Investment Manager - Trust Management | 5 years and 4 months |
| Stuart Kenneth Reginald Millar | Chief Investment Officer - Smart | 6 years and 10 months | Head of Portfolio Management - ANZ Investments | 6 years and 4 months |
| Lisa Turnbull | Chief Executive Officer - Smart | 6 months | Chief Executive Officer - NZX Wealth Technologies | 8 years and 11 months |
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Smart Exchange Traded Funds | Page 4
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Further information
You can also obtain this information, the Product Disclosure Statement for the Smart Exchange Traded Funds – Australasia Series, and some additional information from the offer register at disclose-register.companiesoffice.govt.nz.
Notes
- We charge fixed fund charges that cover normal fund operating costs. For disclosure purposes, supervisor, audit and legal costs are not included in the manager's basic fee, but are included in the other management and administration charges. This may be shown as 0.00% due to rounding.