Smart Australian Resources ETF — Net Asset Value 2017

May 3, 2017

Wednesday, 3 May 2017

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ASR NTA & Allotment Notice

Smartshares Limited would like to report details of the Units on Issue for the Australian Resources Fund (ASR) as at 2 May 2017.

Units on Issue:	6,391,647
Units Allotted/(Redeemed):	-
Net Tangible Assets (NTA):	$3.67216
Tracking Difference:	1.56%

The objective of the Australian Resources Fund (ASR) is to provide a return that closely matches the return on the S&P/ASX 200 Resources Index. The S&P/ASX 200 Resources Index provides exposure to the Resources sector of the Australian equity market.

The following companies are currently held in the Fund:

		Code	Security description	Security description	Security description	Security description	Security description	Security description	Security description
		AWC	Alumina Ltd.
		BHP	BHP Billiton Ltd.
		BPT	B	ach Energy Ltd.
		BSL	Bl	uescope Steel Ltd.
		CTX	Ca	ltex Australia Ltd.
		EVN	Ev	olution Mining Ltd.
		FMG	Fo	rtescue Metals Group Ltd.
		GXY	G	lax Resources Ltd
				y .
		IGO	In	dependence Group NL
		ILU	Ilu	ka Resources Ltd.
		MIN	Mi	neral Resources Ltd.
		NCM	N	wcrest Mining Ltd.
		NST	No	rthern Star Resources Ltd.
		ORE	Or	ocobre Ltd.
		ORG	Or	igin Energy Ltd.
		OSH	Oi	l Search Ltd.
		OZL	O	Mil Ltd
				neras .
		RIO	Ri	o Tinto Ltd.
		RRL	Re	gis Resources Ltd.
		RSG	Re	solute Mining Ltd.
		S32	So	uth32 Ltd.
		SAR	S	racen Mineral Holdings Ltd
				.
		SBM	St	Barbara Ltd.
		SFR	Sa	ndfire Resources NL
		SGM	Si	ms Metal Management Ltd.
		STO	Sa	ntos Ltd.
		SYR	Sy	rah Resources Ltd.
		WHC	W	hitehaven Coal Ltd.
		WOR	W	orleyParsons Ltd.
		WPL	W	oodside Petroleum Ltd.
		WSA	W	estern Areas 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

www.smartshares.com

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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