AI assistant
Smart US Small Cap ETF — Annual Report 2023
Jun 29, 2023
66295_rns_2023-06-30_e164ace0-9718-4d44-8f40-3a8194484a3c.pdf
Annual Report
Open in viewerOpens in your device viewer
SMARTSHARES a Member of the NZX Group
==> picture [64 x 38] intentionally omitted <==
Smartshares Exchange Traded Funds ANNUAL REPORT FOR THE YEAR TO 31 MARCH 2023
Details of Scheme
This is the annual report for the Smartshares Exchange Traded Funds (Scheme) for the year to 31 March 2023. The Scheme is a registered Managed Investment Scheme.
The Scheme’s manager is Smartshares Limited (Smartshares), which is a wholly-owned subsidiary of NZX Limited, and the Scheme’s supervisor is Public Trust.
The latest Product Disclosure Statement – Smartshares Exchange Traded Fund – Core Series is dated 1 September 2021 and the latest Product Disclosure Statement – Smartshares Exchange Traded Fund – Specialist Series is dated 1 July 2022. The Scheme is open for applications.
The latest fund updates for the Scheme are dated 3 May 2023.
The latest financial statements for the Scheme for the year to 31 March 2023, including the auditor’s report relating to those statements, have been lodged with the Registrar of Financial Service Providers.
Copies of the product disclosure statements, fund updates, financial statements and auditor’s report are available on the offer register and the scheme register at disclose-register.companiesoffice.govt.nz
Information on contributions and Scheme participants
| Information on contributions and Scheme participants |
|
|---|---|
| 1 April 2022 Number of managed investment products on issue (being units in the Scheme) 1,955,780,440 |
31 March 2023 |
| 2,147,329,250 |
Changes relating to the Scheme
On 28 September 2022, the governing documents for the Smartshares Global Aggregate Bond ETF and the Smartshares Global Equities ESG ETF were amended to allow those funds to invest directly into the underlying securities of their index.
All related party transactions entered into during the year to 31 March 2023 were on arm’s length terms.
Other information for particular types of managed funds
==> picture [254 x 475] intentionally omitted <==
----- Start of picture text -----
Fund Unit Price
1 April 31 March
2022 2023
Core
Smartshares S&P/ NZX 50 ETF $2.57898 $2.47761
Smartshares S&P/ ASX 200 ETF $3.23497 $3.06203
Smartshares US 500 ETF $11.84654 $11.84687
Smartshares Total World ETF $2.91010 $2.92449
Smartshares Total World (NZD Hedged) ETF $3.21839 $2.96383
Smartshares S&P/NZX NZ Government Bond ETF $2.24483 $2.16391
Smartshares Global Aggregate Bond ETF $1.23769 $1.15491
Smartshares NZ Cash ETF $2.95856 $2.99242
New Zealand shares
Smartshares NZ Top 50 ETF $3.29164 $3.05632
Smartshares NZ Top 10 ETF $1.96573 $1.98443
Smartshares NZ Mid Cap ETF $6.16906 $5.44486
Smartshares NZ Dividend ETF $1.31860 $1.19767
Smartshares NZ Property ETF $1.43579 $1.16284
Australian shares
Smartshares Australian Top 20 ETF $4.60693 $4.39973
Smartshares Australian Mid Cap ETF $9.78864 $9.05051
Smartshares Australian Dividend ETF $1.75390 $1.69226
Smartshares Australian Financials ETF $8.25419 $7.42727
Smartshares Australian Resources ETF $6.77331 $6.68483
Smartshares Australian Property ETF $1.64216 $1.28037
US shares
Smartshares US Large Growth ETF $7.93808 $7.57287
Smartshares US Large Value ETF $4.25003 $4.39984
Smartshares US Mid Cap ETF $6.74502 $6.59951
Smartshares US Small Cap ETF $6.00371 $5.91491
International shares
Smartshares Asia Pacific ETF $2.13740 $2.16357
Smartshares Emerging Markets ETF $1.32956 $1.29516
Smartshares Europe ETF $1.80313 $1.96112
----- End of picture text -----
Smartshares Exchange Traded Funds
1
S
==> picture [254 x 206] intentionally omitted <==
----- Start of picture text -----
Fund Unit Price
1 April 31 March
2022 2023
ESG shares
Smartshares Global Equities ESG ETF $2.73283 $2.61796
Smartshares US Equities ESG ETF $3.05875 $2.98855
Smartshares Japan Equities ESG ETF $2.00150 $2.07978
Smartshares Emerging Markets Equities ESG ETF $2.19074 $2.14456
Smartshares Europe Equities ESG ETF $2.60103 $2.87325
Thematic shares
Smartshares Automation and Robotics ETF $4.11647 $4.17497
Smartshares Healthcare Innovation ETF $2.86149 $2.75060
Bonds
Smartshares NZ Bond ETF $2.92122 $2.87108
Smartshares Global Bond ETF $3.19217 $3.05019
----- End of picture text -----
Any difference between the unit prices announced to the market for 31 March 2023 and 31 March 2022 and the unit prices in this annual report exists because the unit prices in this annual report are based on a year-end revaluation of the funds using 31 March market close prices for all markets.
Changes to persons involved in the Scheme
The information set out above is also available at smartshares.co.nz or by contacting us. See below for Smartshares’ contact details. This information is available free of charge.
Contact details and complaints
Manager
Complaints about your investment or the Scheme can be made to Smartshares at:
Complaints Attention: Head of Operations Smartshares Limited PO Box 105262 Auckland 1143
Telephone: 0800 808 780 Email: [email protected]
Supervisor
If you make a complaint to Smartshares, and the complaint cannot be resolved, you may refer it to the supervisor at:
Complaints Public Trust Private Bag 5902 Wellington 6140
Key Personnel of the Manager
On 31 March 2023, Hugh Stevens resigned as Chief Executive Officer of Smartshares. Graham Law was appointed as acting Chief Executive Officer with effect from 3 April 2023.
Telephone: 0800 371 471 Email: [email protected]
Independent dispute resolution scheme
Directors of the Manager
There were no changes in the year ended 31 March 2023.
On 5 April 2023, Mark Peterson was elected as Chairperson of Smartshares’ Board of Directors in place of Graham Law.
Directors of the Supervisor
Vicki Ann Sykes resigned as a director of Public Trust on 31 October 2022.
Investment Manager of the Scheme
With effect from 1 July 2022, Smartshares ceased outsourcing the investment management of the Smartshares NZ Bond ETF to Nikko Asset Management New Zealand Limited and commenced providing that function in-house.
If you make a complaint to us (or the supervisor), and the complaint cannot be resolved, you may refer it to Financial Services Complaints Ltd (FSCL) - A Financial Ombudsman Service. FSCL is our independent external ombudsman and dispute resolution service.
Financial Services Complaints Limited PO Box 5967 Wellington 6140
Telephone: 0800 347 257 Email: [email protected]
FSCL will not charge you a fee to investigate or resolve a complaint.
Registrar
How to find further information
Further information relating to the Scheme, including the product disclosure statements, fund updates, financial statements and auditor’s report, is available on the offer register and the scheme register at disclose-register.companiesoffice.govt.nz.
The registrar’s contact details are:
Link Market Services Limited PO Box 91976 Auckland 1142
Telephone: 09 375 5998 Email: [email protected]
Smartshares Exchange Traded Funds
2