Smartshares US 500 ETF Analysis

Overview

The US 500 Fund is a unit trust, as defined in the Units Trust Act 1960. The beneficial interest in the Fund is divided into units with each unit representing an equal interest in the assets of the Fund, but not conferring any interest in any specific asset of the Fund.

The US 500 Fund's investment objective is to provide a return (before tax, fees and other expenses) that closely matches the return on the Vanguard S&P 500 ETF (which, in turn, looks to provide a return that closely matches the return on the S&P 500 Index). The S&P 500 Index is made up of 500 of the largest financial products listed on the New York Stock Exchange or NASDAQ Stock Market.

USF has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted due to provisions in USF's Trust Deed which allow the fund manager to take steps to ensure statutory limits on the size of an investor's holdings. For further information, please see a copy of the waiver under Documents on USF's homepage on nzx.com.

Performance

No performance was provided by the company.