Smartshares Limited
Ethica Fund
SuperLife KiwiSaver SchemeBalanced
What the provider says about this fund
Designed for investors that want a balance between stability of returns and growth of their investment over the long term. Provides exposure to a diverse selection of global companies and income assets that align with our Responsible Investment Policy. We exclude assets that do not meet our socially responsible investment standards, and increase or decrease exposure to companies based on their environmental, social and governance (ESG) factors.
1-year return
7.49%
5-year return p.a.
4.30%
Total annual fee
0.80%
Fund size ($m)
72.2
Members
1,474
Inception date
31 March 2008
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
59.90%
Income assets
40.10%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 13.84% | 14.00% | 13.93% |
| Cash and equivalents | 7.72% | 8.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 16.09% | 16.00% | 19.39% |
| International shares | 39.86% | 40.00% | 35.53% |
| Listed property | 6.20% | 6.00% | 2.24% |
| New Zealand bonds | 16.30% | 16.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Dimensional Global Sustainability PIE Fund | Shares | International Equities | NZ | 18.08% |
| 2 | Dimensional Global Sustainability PIE Fund NZD Hedged | Shares | International Equities | NZ | 17.45% |
| 3 | Dimensional Global Bond Sustainability Trust (NZD Class) | Bonds | International Fixed Interest | AU | 16.09% |
| 4 | Dimensional Australian Sustainability PIE Fund | Shares | Australasian Equities | NZ | 6.95% |
| 5 | IShares Core FTSE Global Property ex Australia AUD Hedged ETF | Property | Listed Property | AU | 6.24% |
| 6 | IShares MSCI EM IMI ESG Screened UCITS ETF | Shares | International Equities | IE | 4.32% |
| 7 | NZD Cash Account (ANZ Bank) | Cash | Cash and Cash Equivalents | NZ | 1.70% |
| 8 | NZ Government Bond 15/05/30 4.50% | Bonds | New Zealand Fixed Interest | NZ | 0.91% |
| 9 | NZ Government Bond 15/05/31 1.50% | Bonds | New Zealand Fixed Interest | NZ | 0.76% |
| 10 | NZ Government Bond 14/04/33 3.50% | Bonds | New Zealand Fixed Interest | NZ | 0.73% |
Fees
0.80% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.68% | $204 | 0.77% |
| Other fees | 0.02% | $6 | 0.09% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.80% | $240 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 4.92% | 6.00% |
| 31 March 2018 | 2.57% | 5.23% |
| 31 March 2019 | 6.46% | 5.82% |
| 31 March 2020 | -3.76% | -1.40% |
| 31 March 2021 | 27.91% | 18.18% |
| 31 March 2022 | 2.95% | 0.77% |
| 31 March 2023 | -5.43% | -2.77% |
| 31 March 2024 | 12.81% | 10.89% |
| 31 March 2025 | 4.57% | 4.36% |
| 31 March 2026 | 7.49% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Alister John Williams | Director - Smart | 10 years, 4 months |
| Jon Raby | Director - Smart | 5 months |
| Lisa Turnbull | Chief Executive Officer - Smart | 6 months |
| Stuart Kenneth Reginald Millar | Chief Investment Officer - Smart | 6 years, 10 months |