All PIE NZX-listed

Smartshares funds list

Updated 2026-05-25 Reviewed monthly

17 NZX-listed Smartshares ETFs grouped by asset class — NZ equity, dividend, property, bonds, Australian, US, global, ESG. All PIE-taxed.

In 30 seconds: Smartshares issues 17+ NZX-listed ETFs across eight broad asset classes. The cheapest fund in the lineup is USF (Smartshares US 500) at 0.34% TER. The highest-yielding NZ fund is DIV (NZ Dividend) at approximately 5.3% trailing 12-month yield. Every Smartshares ETF is structured as a Portfolio Investment Entity (PIE), capped at 28% PIR, FIF-exempt.

NZ equity (core): FNZ (Top 50), TNZ (Top 10), MZY (Mid Cap)
NZ dividend / property / bonds: DIV, NPF, NZB, NGB
US equity: USF (S&P 500), USG (Growth), USS (Small Cap)
Global / regional: WDV, EUF, ASF, EMG
Sustainable / ESG: ESG (Global Sustainability Leaders)
Australian: AUS (Top 20), AUD (Dividend)
Lowest TER: 0.34% · All PIE-taxed

NZ equity (core market)

FNZ 0.52%

Smartshares NZ Top 50 ETF

Yield 3.8% · Quarterly

Tracks the 50 largest NZ companies by market cap.

TNZ 0.60%

Smartshares NZ Top 10 ETF

Concentrated exposure to the 10 largest NZ companies.

MZY 0.75%

Smartshares NZ Mid Cap ETF

Mid-cap NZ companies outside the NZX Top 10.

NZ dividend / income

DIV 0.54%

Smartshares NZ Dividend ETF

Yield 5.3% · Quarterly

Tracks the top 15 NZ dividend-paying stocks. PIE-taxed.

NZ property

NPF 0.54%

Smartshares NZ Property ETF

NZ-listed property companies (REITs).

NZ bonds

NZB 0.54%

Smartshares NZ Bond ETF

Investment-grade NZ-government and corporate bonds.

NGB 0.54%

Smartshares NZ Government Bond ETF

Pure NZ-government bond exposure.

Australian

AUS 0.54%

Smartshares Australian Top 20 ETF

Top 20 ASX-listed Australian companies, NZ-PIE wrapper.

AUD 0.54%

Smartshares Australian Dividend ETF

High-yielding Australian dividend equities, PIE-taxed.

US equity

USF 0.34%

Smartshares US 500 ETF

NZX-listed S&P 500 wrapper. PIE-taxed alternative to direct US ETFs.

USG 0.55%

Smartshares US Growth ETF

US growth-style equity exposure, PIE-taxed.

USS 0.55%

Smartshares US Small Cap ETF

US small-cap exposure (Russell 2000 equivalent), PIE-taxed.

Global / regional

WDV 0.54%

Smartshares Global Dividend ETF

Global high-dividend developed-markets equities.

EUF 0.55%

Smartshares Europe ETF

Developed European-markets equity exposure.

ASF 0.55%

Smartshares Asia Pacific ETF

Asia-Pacific (ex-Japan) developed-markets equity.

EMG 0.59%

Smartshares Emerging Markets ETF

Broad emerging-markets equity exposure.

Sustainable / ESG

ESG 0.59%

Smartshares Global Sustainability Leaders ETF

Global developed-markets ESG-screened equities.

All Smartshares funds by TER

Ticker	Fund	TER	Yield
USF	Smartshares US 500 ETF	0.34%	—
FNZ	Smartshares NZ Top 50 ETF	0.52%	3.8%
DIV	Smartshares NZ Dividend ETF	0.54%	5.3%
NPF	Smartshares NZ Property ETF	0.54%	—
NZB	Smartshares NZ Bond ETF	0.54%	—
NGB	Smartshares NZ Government Bond ETF	0.54%	—
AUS	Smartshares Australian Top 20 ETF	0.54%	—
AUD	Smartshares Australian Dividend ETF	0.54%	—
WDV	Smartshares Global Dividend ETF	0.54%	—
USG	Smartshares US Growth ETF	0.55%	—
USS	Smartshares US Small Cap ETF	0.55%	—
EUF	Smartshares Europe ETF	0.55%	—
ASF	Smartshares Asia Pacific ETF	0.55%	—
ESG	Smartshares Global Sustainability Leaders ETF	0.59%	—
EMG	Smartshares Emerging Markets ETF	0.59%	—
TNZ	Smartshares NZ Top 10 ETF	0.60%	—
MZY	Smartshares NZ Mid Cap ETF	0.75%	—

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