Smart NZ Top 50 ETF — Net Asset Value 2018

Apr 12, 2018

Thursday, 12 April 2018

==> picture [175 x 29] intentionally omitted <==

FNZ NTA & Allotment Notice

Smartshares Limited would like to report details of the Units on Issue for the NZ Top 50 Fund (FNZ) as at 11 April 2018.

Units on Issue:	158,451,179
Units Allotted/(Redeemed):	0
Net Tangible Assets (NTA):	$2.46582
Tracking Difference:	1.01%

The objective of the NZ Top 50 Fund (FNZ) is to provide a return that closely matches the return on the S&P/NZX 50 Portfolio Index. The S&P/NZX 50 Portfolio Index comprises 50 of the largest entities listed on the NZX Main Board.

The following companies are currently held in the Fund:

	Z NTA & Allotment Noticertshares Limited would like to report details8.	Z NTA & Allotment Noticertshares Limited would like to report details8.
			of the Units on Issue for the NZ Top 50 Fund (FNZ) as a
UniUniNetTra	ts on Issue:158,45ts Allotted/(Redeemed):$2.41Tangible Assets (NTA):cking Difference:		1,179
			06582
			.01%
	following companies are currently heobjective of the NZ Top 50 Fund (FNZ) is toortfolio Index. The S&P/NZX 50 Portfolio Indrd.
			provide a return that closely matches the return on theex comprises 50 of the largest entities listed on the NZ
			ld in the Fund:
Co	de	Security description
AIA		Auckland International Airpor	t Ltd
			.
AIR		Air New Zealand Ltd.
AN	Z	Australia and New Zealand B	anking Group Ltd.
AR	G	Argosy Property Ltd
AR	V	Arvida Group Ltd.
AT	M	The a2 Milk Company Ltd.
CB	L*	CBL Corporation Limited
CE	N	Contact Energy Ltd.
CN	U	Chorus Ltd.
CV	T	Comvita Ltd.
EB	O	Ebos Group Ltd.
FB	U	Fletcher Building Ltd.
FP	H	Fisher & Paykel Healthcare C	orporation Ltd.
FR	E	Freightways Ltd.
FSF		Fonterra Shareholders'Fund	Units
GM	T	Goodman Property Trust
GN	E	Genesis Energy Ltd.
GT	K	Gentrack Group Ltd.
HB	L	Heartland Bank Ltd.
IFT		Infratil Ltd
IPL		Investore Property Ltd.
KM	D	Kathmandu Holdings Ltd
KP	G	Kiwi Property Group Ltd.
MC	Y	Mercury NZ Ltd.
ME	L	Meridian Energy Ltd
ME	T	Metlifecare Ltd
MFT		Mifiht Ltd
NZR		The New Zealand Refining Company Ltd.
NZX		NZX Ltd.
PCT		Precinct Properties New Zealand Ltd.
PFI		Property for Industry Ltd.
POT		Port Of Tauranga Ltd.

www.smartshares.co.nz

==> picture [175 x 29] intentionally omitted <==

PPH	Pushpay Ltd.
RBD	Restaurant Brands NZ Ltd.
RYM	Ryman Healthcare Ltd.
SAN	Sanford Ltd.
SCL	Scales Corporation Ltd.
SKC	SKYCITY Entertainment Group Ltd.
SKT	Sky Network Television Ltd.
SML	Synlait Milk Ltd.
SPG	Stride Property Group
SPK	Spark New Zealand Ltd.
SUM	Summerset Group Holdings Ltd.
THL	Tourism Holdings Ltd.
TME	Trade Me Group Ltd.
TPW	Trustpower Ltd.
VCT	Vector Ltd.
VHP	Vital Healthcare Property Trust
WBC	Westpac Banking Corporation
ZEL	Z Energy Ltd.

*Please note due to extended suspension of CBL trading, Smartshares have used an independent valuation of the CBL holding in this fund in accordance with the governing documents of the scheme.

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.co.nz