Smart Australian Dividend ETF — Net Asset Value 2017

May 1, 2017

Tuesday, 2 May 2017

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ASD NTA & Allotment Notice

Smartshares Limited would like to report details of the Units on Issue for the Australian Dividend Fund (ASD) as at 1 May 2017.

Units on Issue:	39,790,493
Units Allotted/(Redeemed):	-
Net Tangible Assets (NTA):	$1.78928
Tracking Difference:	1.81%

The objective of the Australian Dividend Fund (ASD) is to provide a return that closely matches the return on the S&P/ASX Dividend Opportunities Index. The S&P/ASX Dividend Opportunities Index comprises the 50 highest yielding common stocks from the Australian equity market.

The following companies are currently held in the Fund:

						493	493	493	493	493
	UniUniNetTra	ts on Iss	ue:		39,790,	493
		ts AllottTangiblcking Di	ed/(Redeemed)e Assets (NTA)fference:		::$1.781.8	-
						928
						1%
		objectivrn on theprises th	e of the AustraliaS&P/ASX Divide 50 highest yie		n Dividend Fundend Opportunitieslding common sto
						(ASD) is to provid		e a return that closely matches the
						Index. The S&P/cks from the Aust		ASX Dividend Opportunities Indexralian euit market
								qy .
TheCoABAG
	The	followi	ng companies a		re currently held
						in the Fund:
	Co	de		Security des	cription
	AB	C		Adelaide Brig	hton Ltd.
	AG	L		AGL Energy L	td.
	AH	G		Automotive H	oldings Group Ltd	.
	AH	Y		Asaleo Care	Ltd.
	AM	P		AMP Ltd.
	AP	A		APA Group
	AS	T		AusNet Servi	ces Ltd.
	AS	X		ASX Ltd.
	AW	C		Alumina Ltd.
	AZJ			Aurizon Holdi	ngs Ltd.
	BE	N		Bendigo and	Adelaide Bank Ltd	.
	BL	D		Boral Ltd.
	BO	Q		Bank of Quee	nsland Ltd.
	CB	A		Commonwea	lth Bank of Austra	lia
	CG	F		Challenger Lt	d.
	CS	R		CSR Ltd.
	CW	N		Crown Resort	s Ltd.
	DL	X		DuluxGroup L	td.
	DO	W		Downer EDI L	td.
	EC	X		Eclipx Group	Ltd.
	FXJ			Fairfax Media	Ltd.
	GE	M		G8 Education	Ltd.
	GM	A		Genworth Mo	rtgage Insurance
						Australia Ltd.
	GW	A		GWA Group	Ltd.
	HV	N		Harvey Norm	an Holdings Ltd.
	IFL			Ioof Holdings	Ltd.
	JBH			JB Hi-Fi Ltd.
	LLC			LendLease G	roup
	MF	G		Magellan Fin	ancial Group Ltd.
	MM	S		McMillan Sha	kespeare Ltd.
	MP	L		Medibank Pri	vate Ltd.
	MQ	G		Macquarie Gr	oup Ltd.
	NA	B		National Aust	ralia Bank Ltd.
	NVT			Navitas Ltd.
	PPT			Perpetual Ltd.

www.smartshares.com

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QBE	QBE Insurance Group Ltd.
RFG	Retail Food Group Ltd.
RIO	Rio Tinto Ltd.
SIP	Sigma Pharmaceuticals Ltd.
SKI	Spark Infrastructure Group
SPK	Spark New Zealand Ltd.
SPO	Spotless Group Ltd.
SUL	Super Retail Group Ltd.
SUN	Suncorp Group Ltd.
SVW	Seven Group Holdings Ltd.
TAH	Tabcorp Holdings Ltd.
TLS	Telstra Corporation Ltd.
WBC	Westpac Banking Corporation
WES	Wesfarmers Ltd.

About Smartshares

Smartshares is the pioneer of ETFs in New Zealand, launching the first ETF (TNZ - the NZ Top 10 Fund) in 1996. Smartshares is New Zealand’s only issuer of ETFs listed on the NZX Main Board, with in excess of 10,000 unit holders and more than NZD $1.6 billion of funds under management. The Special Division of the New Zealand Markets Disciplinary Tribunal regulates Smartshares in a similar way to NZX Regulation’s regulation of other listed issuers. Smartshares funds are listed on NZX so you can buy or sell them just like individual shares. The listed funds are designed to “track” (or, in some cases, outperform) an index. Each Smartshares ETF is designed to provide investors with similar returns to a direct investment in all the securities that make up the ETF. To learn more and obtain a copy of the Product Disclosure Statement, please visit: www.smartshares.co.nz

For further information please contact: Smartshares Limited 0800 80 87 80 smartshares@smartshares.co.nz

www.smartshares.com