Smartshares Global Bond ETF Analysis

Overview

The Global Bond 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 Global Bond Fund's investment objective is to provide a return (before tax, fees and other expenses) that outperforms the Barclays Global Aggregate Index by 1% per annum over rolling three-year periods, hedged against the New Zealand dollar. The Barclays Global Aggregate Index is made up of global investment grade debt from twenty-four local currency markets and includes treasury, government-related, corporate and securitized fixed-rate bonds from both developed and emerging markets issuers.

GBF has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted due to provisions in GBF'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 GBF's homepage on nzx.com.

Performance

No performance was provided by the company.