Smart Global Aggregate Bond ETF — Net Asset Value 2020

May 25, 2020

Level 7, Zurich House, 21 Queen Street, PO Box 105262, Auckland, New Zealand smartshares@smartshares.co.nz

Tuesday, 26 May 2020

==> picture [173 x 29] intentionally omitted <==

NTA & Allotment Notice

Smartshares Ltd would like to report the Net Tangible Assets (NTA) and Units on Issue for each of the Smartshares exchange traded funds as at 25 May 2020.

Smartshares Ltd would like to repSmartshares exchane traded fun	Smartshares Ltd would like to repSmartshares exchane traded fun	ort the Net Tangible Assets (NTA) andds as at 25 Ma 2020	ort the Net Tangible Assets (NTA) andds as at 25 Ma 2020	Units on Issue for each of the	Units on Issue for each of the
NZX CodeFund Nameg		y .		Units on IssueChange in Units
	NZX CodeFund Name	NTA		Units on IssueChange in Units
	APASmartshares Asia Pacific ETF	1.96439		49,474,56814,925
	ASDSmartshares Australian Dividen	d ETF1.41286		10,679,541-
	ASFSmartshares Australian Financi	als ETF5.09396		3,115,46850,000
	ASPSmartshares Australian Propert	y ETF1.24001		36,047,531-
	ASRSmartshares Australian Resour	ces ETF4.72940		4,357,633-
	DIVSmartshares NZ Dividend ETF	1.07194		66,532,211250,000
	EMFSmartshares Emerging Markets ETF		1.19353	84,410,615-
	EUFSmartshares Europe ETF		1.52824	93,262,313(49,950)
	FNZSmartshares NZ Top 50 ETF		2.76172	233,051,179200,000
	h lbl d
	GBFSmartsares Goa Bon ETF		3.28728	62,054,618-
	MDZSmartshares NZ Mid Cap ETF		5.13354	27,940,674-
	MZYSmartshares Australian Mid Cap ETF6.6126019,907,274-
	NPFSmartshares NZ Property ETF1.2642978,636,748-
	NZBSmartshares NZ Bond ETF3.16163106,446,618120,000
	NZCSmartshares NZ Cash ETF2.9686983,708,71240,000
	OZYSmartshares Australian Top 20 ETF3.3421239,306,267(75,000)
	TNZSmartshares NZ Top 10 ETF1.9548768,131,573-
	TWFSmartshares Total World ETF2.3188025,283,194-
	USFSmartshares US 500 ETF8.9357628,070,461(10,000)
	USGSmartshares US Large Growth ETF6.095839,065,68625,562
	USMSmartshares US Mid Cap ETF5.0672914,104,916-
	USSSmartshares US Small Cap ETF4.4900014,129,573-
	USVSmartshares US Large Value ETF3.2183021,208,934-
	AGGSmartshares Global Aggregate Bond ETF1.3593127,146,665-
	BOTSmartshares Automation and Robotics ETF3.240283,830,18640,654
	EMGSmartshares Emerging Markets Equities ESG ETF1.9362510,593,184-
	ESGSmartshares Global Euities ESG ETF2083033454147-
	q	.		,,
	EUGSmartshares Europe Equities ES	G ETF2.17297		10,673,695-
	JPNSmartshares Japan Equities ES	ETF1.91617		8,564,209-
	LIVSth Hlth I	ti ETF296399		284255940773
	marsares eacare nnova	on.		,,,
	USASmartshares US Equities ESG ET	F224231		12059182-
		.		,,

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 18,000 unit holders and more than NZD $3.2 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