Smartshares NZ Mid Cap ETF Analysis

Overview

The NZ Mid Cap Fund is a unit trust as defined in the Unit Trusts 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 objective of the Fund is to invest in a portfolio of NZX-listed entities to provide a return that closely matches the return on the S&P/NZX Mid Cap Index. The Index is designed to measure the performance of New Zealand's core mid-cap equity market and comprises all constituents of the S&P/NZX 50 that are not members of the S&P/NZX 10.

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

Performance

No performance was provided by the company.