Smart NZ Dividend ETF — Net Asset Value 2018

Sep 30, 2018

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Monday, 1 October 2018

DIV NTA & Allotment Notice

Smartshares Limited would like to report details of the Units on Issue for the NZ Dividend Fund (DIV) as at 28 September 2018.

Units on Issue:	23,657,211
Units Allotted/(Redeemed):	-
Net Tangible Assets (NTA):	$1.17271
Tracking Difference:	1.90%

The objective of the NZ Dividend Fund (DIV) is to provide a return that closely matches the return on the S&P/NZX 50 High Dividend Index. The S&P/NZX 50 High Dividend Index comprises the top 25 stocks with the highest dividend yields and liquidity from the NZX 50 index.

The following companies are currently held in the Fund:

CodeSecurity dAIAAuckland IAIRAir New ZeARGArgosy ProCENContact EnCNUChorus LtdFREFreightwayFSFFonterra SGMTGoodmanGNEGenesis EHBLHeartland IFTInfratil Ltd.KPGKiwi PropeMCYMercury NMELMeridian ENZRNew ZealaPCTPrecinct PrRBDRestaurantSKCSKYCITYSKTSky NetwoSPKSpark NewTHLTourism HTMETrade MeVCTVector Ltd.WBCWestpac BZELZ Energy LAbout SmartsharesThe following companieSmartshares is the pioneFund) in 1996. Smartsharexcess of 14,500 unit hold	CodeSecurity dAIAAuckland IAIRAir New ZeARGArgosy ProCENContact EnCNUChorus LtdFREFreightwayFSFFonterra SGMTGoodmanGNEGenesis EHBLHeartland IFTInfratil Ltd.KPGKiwi PropeMCYMercury NMELMeridian ENZRNew ZealaPCTPrecinct PrRBDRestaurantSKCSKYCITYSKTSky NetwoSPKSpark NewTHLTourism HTMETrade MeVCTVector Ltd.WBCWestpac BZELZ Energy LAbout SmartsharesThe following companieSmartshares is the pioneFund) in 1996. Smartsharexcess of 14,500 unit hold	CodeSecurity dAIAAuckland IAIRAir New ZeARGArgosy ProCENContact EnCNUChorus LtdFREFreightwayFSFFonterra SGMTGoodmanGNEGenesis EHBLHeartland IFTInfratil Ltd.KPGKiwi PropeMCYMercury NMELMeridian ENZRNew ZealaPCTPrecinct PrRBDRestaurantSKCSKYCITYSKTSky NetwoSPKSpark NewTHLTourism HTMETrade MeVCTVector Ltd.WBCWestpac BZELZ Energy LAbout SmartsharesThe following companieSmartshares is the pioneFund) in 1996. Smartsharexcess of 14,500 unit hold	CodeSecurity dAIAAuckland IAIRAir New ZeARGArgosy ProCENContact EnCNUChorus LtdFREFreightwayFSFFonterra SGMTGoodmanGNEGenesis EHBLHeartland IFTInfratil Ltd.KPGKiwi PropeMCYMercury NMELMeridian ENZRNew ZealaPCTPrecinct PrRBDRestaurantSKCSKYCITYSKTSky NetwoSPKSpark NewTHLTourism HTMETrade MeVCTVector Ltd.WBCWestpac BZELZ Energy LAbout SmartsharesThe following companieSmartshares is the pioneFund) in 1996. Smartsharexcess of 14,500 unit hold	s are currently held in the Fund:	s are currently held in the Fund:	s are currently held in the Fund:
	Code		Security d	escription
	AIA		Auckland I	nternational Airport Ltd.
	AIR		Air New Ze	aland Ltd.
	ARG		Argosy Pro	perty Ltd.
	CEN		Contact En	ergy Ltd.
	CNU		Chorus Ltd	.
	FRE		Freightway	s Ltd.
	FSF		Fonterra S	hareholders'Fund Units
	GMT		Goodman	Property Trust
	GNE		Genesis E	nergy Ltd.
	HBL		Heartland	Bank Ltd.
	IFT		Infratil Ltd.
	KPG		Kiwi Prope	rty Group Ltd.
	MCY		Mercury N	Z Ltd.
	MEL		Meridian E	nergy Ltd.
	NZR		New Zeala	nd Refining Ltd.
	PCT		Precinct Pr	operties New Zealand Ltd.
	RBD		Restaurant	Brands New Zealand Ltd.
	SKC		SKYCITY	Entertainment Group Ltd.
	SKT		Sky Netwo	rk Television Ltd.
	SPK		Spark New	Zealand Ltd.
	THL		Tourism H	oldings Ltd
	TME		Trade Me	Group Ltd.
	VCT		Vector Ltd.
	WBC		Westpac B	anking Corporation
	ZEL		Z Energy L	td.
		artshareses is the pione996. Smartshar14,500 unit hold		er of ETFs in New Zealand, launching the first ETF (TNZ - es is New Zealand’s only issuer of ETFs listed on the NZX Maers and more than NZD $2.5 billion of funds under managem
						the NZ Top 10in Board, with in
					nder managem	ent. The Special

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 14,500 unit holders and more than NZD $2.5 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

www.smartshares.co.nz

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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.co.nz